Ethnography is an approach in research, where the subjects are observed in their homes and/or communities.
Ethnography is a mode of research that is largely used in the fields of Anthropology and Sociology. It is a method, wherein, the subjects of the study are not enclosed within an artificial environment, or otherwise known as a laboratory. They are studied by being observed in the environment they originate from or belong to. This method is specifically useful, while studying various cultures. It helps control the unwanted effects of being introduced in a new environment, which could alter the behavior of the subjects of the study.Therefore, it is clear that Ethnography is the approach in research, where the subjects are observed in their homes and/or communities.
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If you have contacted a seller to report a problem with a product and you were ignored, what should you do next?
How and Why Can Complexity Theory be Applied by Managers to Implement Strategic Change?
Answer: C
Explanation:
On October 31, 2016, the following data was accumulated to assist the accountant in preparing the adjusting entries for Dependable Realty.
a. Fees accrued but unbilled at October 31 are $9,670.
b. The supplies account balance on October 31 is $3,180. The supplies on hand at October 31 are $910.
c. Wages accrued but not paid at October 31 are $1,220.
d. The unearned rent account balance at October 31 is $9,480, representing the receipt of an advance payment on October 1 of three months' rent from tenants.
e. Depreciation of office equipment is $1,610.
Journal entries record all transactions for a business. Transactions made on October 31, 2016 are recorder in the journal.
What is journal entry?A journal entry is used to record a business transaction in the accounting records of a business.
The following journal entries are as follows-
A). Accounts Receivable Dr. $9,670
To Fees Earned Cr. $9,670
(Accrued fees earned)
B). Supplies Expenses Dr. $2270
To supplies Cr. $2270
(Supplies used $3,180- $910)
C). Wages expenses Dr. $1,220
To wages payable Cr. $1,220
(Accrued wages)
D). Unearned rent Dr. $3,160
To Rent revenue Cr. $3,160
(Rent earned 9,480/3 months)
E). Depreciation expenses Dr. $1,610
Accumulated Depreciation - Equipment $1,610
(Depreciation expenses)
Above mentioned are the journal entries to be made for Dependable Realty.
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ALBERTO: Tami, I’ve got a problem. Can we talk for a minute?
TAMI: Sure, Alberto, what’s up?
ALBERTO: Last week my sous-chef, Ricky, bought tomatoes that just weren’t ripe. It made me really angry. We’ll never keep our Michelin star unless we maintain the quality of our produce!
TAMI: Wow, Alberto, that sounds like a real problem. So you’re saying that Ricky bought tomatoes you couldn’t serve?
ALBERTO: Yes! And it’s not the first time...
TAMI: I’ll do something about this right away.
What component of reflective listening is missing from this conversation?
Affirming contact
Clarifying the implicit
Paraphrasing the expressed
The component of reflective listening that is missing from this conversation is Paraphrasing the expressed.
Reflective listening ComponentsStatements like "I see," and "Okay," are crucial at the beginning of a conversation and in circumstances when there may be worry or discomfort in an Affirming Contact. Clarify any implicit portions of the message, which include ideas and sentiments that are not fully or clearly articulated together with their openly declared message.Paraphrasing the expressed explains to the speaker what was heard, as well as what the listener's feelings and ideas were. utilize a follow-up query occasionally.Hence, Paraphrasing the expressed is the aspect of reflective listening that is absent from this dialogue.
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Sharon Bohnette owns 1,000 shares of Northern Chime Company. There are four
seats on the board of directors up for election and Ms. Bohnette is one of the nominees.
Under the traditional method of voting, how many votes may she cast for herself? How
many votes may she cast for herself under the cumulative method of voting?
The votes that she cast for herself under the methods of voting are 1000 and 4000 respectively.
How to illustrate the information?Under the traditional method, Sharon Bohnette owns 1,000 shares of Northern Chime Company. Therefore, she can cast 1000 votes.
Under the cumulative method, the number of votes will be:
= Number of votes × Candidate
= 1000 × 4
= 4000 votes.
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Which of the following statements is correct?
An externality is a situation where a project would have an adverse effect on some other part of the firm’s overall operations. If the project would have a favorable effect on other operations, then this is not an externality.
An example of an externality is a situation where a bank opens a new office, and that new office causes deposits in the bank’s other offices to decline
The NPV method automatically deals correctly with externalities, even if the externalities are not specifically identified, but the IRR method does not. This is another reason to favor the NPV
Both the NPV and IRR methods deal correctly with externalities, even if the externalities are not specifically identified. However, the payback method does not
Identifying an externality can never lead to an increase in the calculated NPV
The correct statement is an example of an externality is a situation where a bank opens a new office, and that new office causes deposits in the bank's other offices to decline. Thus 2nd option is correct.
What is the meaning of Externality?Externality refers to the outcome of the situation which is affected by the Industrial and commercial activity of the organizations which is not reflected in the market price.
The proper answer is an illustration of an externality is when a bank establishes a new location and the new location results in lower deposits in the bank's other locations.
Therefore, the second choice is the best one.
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On January 1, 2021, Tonge Industries had outstanding 580,000 common shares ($1 par) that originally sold for $25 per share, and 5,000 shares of 10% cumulative preferred stock ($100 par), convertible into 50,000 common shares. On October 1, 2021, Tonge sold and issued an additional 12,000 shares of common stock at $34. At December 31, 2021, there were 21,000 incentive stock options outstanding, issued in 2020, and exercisable after one year for 21,000 shares of common stock at an exercise price of $32. The market price of the common stock at year-end was $50. During the year, the price of the common shares had averaged $42. Net income was $720,000. The tax rate for the year was 25%. Required: Compute basic and diluted EPS for the year ended December 31, 2021. (Enter your answers in thousands (i.e., 100,000 should be entered as 100). Round "Earnings per share" answers to 2 decimal places.)
Based on the net income and the shares outstanding, the basic EPS is 1.15 and the diluted EPS is 1.13.
What is the basic EPS?This can be found as;
= (Net income - Preferred dividend) / Weighted outstanding shares
Solving gives:
= (720,000 - 50,000) / (580,000 + (12,000 x 0.25))
= 1.15
What is the diluted EPS?Find weighted outstanding share:
= (580,000 + 3,000 + 5,000 additional shares from options)
= 638,000 shares
Diluted EPS is:
= Net income / Total weighted shares
= 720,000 / 638,000
= 1.13
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what we call the difference between total revenues and total costs
Answer:
The basic difference between total cost and revenue is that the total coat include the total expenditure incurred on the production of a commodity whereas total revenue refers to the money received from selling that commodity
Assume that you are a project manager who has to deliver a poster to a client in four days. Write a report on the tasks that you perform
As a project manager, firstly create a plan for the project idea, then Build and Manage the Dream Team for the poster, Manage the Money. Resolve Emerging Issues which occurring during the poster making.
What do project manager's key roles and responsibilities?Project managers take the lead in organizing, carrying out, overseeing, controlling, and wrapping up projects.
They are supposed to keep everyone informed and pleased while completing a project on schedule, within their allocated budget, and according to the project brief.
Thus, As a project manager, firstly create a plan for the project idea,
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Define organization and explain three of the characteristics of organization. Give three examples of organizations, try to include an organization that you belong to.
Answer:
Organization is arranging or coordinating especially in a business, society, or association aspect. Examples of organization could be:
1. Arranging a group of people who work in specific studies
2. Taking books by their genre, and putting them together
3. The economic pyramid, is the perfect example of an organization. Defining society by class.
ANSWER ALL QUESTIONS QUESTION 1 (a) List and Explain the FIVE elements of financial statements as defined in the IASB'S Framework. (5 marks) (b) Explain TWO fundamental qualities of financial information. (c) Explain SIX subsidiary books of Book-keeping accounting. Total = (15 marks) (4 marks) (6 marks) ANSWER ALL QUESTIONS QUESTION 1 ( a ) List and Explain the FIVE elements of financial statements as defined in the IASB'S Framework . ( 5 marks ) ( b ) Explain TWO fundamental qualities of financial information . ( c ) Explain SIX subsidiary books of Book - keep
ing accounting . Total = ( 15 marks ) ( 4 marks ) ( 6 marks )
a) The FIVE elements of financial statements as defined in the IASB's Framework are Assets, Liabilities, Equity, Revenue, and Expenses.
b) TWO fundamental qualities of financial information are relevance and faithful representation.
c) SIX subsidiary books of Bookkeeping accounting are as follows:
General journalGeneral ledgerSales Journal Purchases JournalCash receipt journalCash disbursement journal.What are the financial statements?Financial statements are formal records that faithfully present relevant information about an entity's financial performance and position over a period.
Some of the common financial statements are:
Income statement (revenues and expenses)Cash-flow statement (cash inflows and outflows)Balance sheet (assets, liabilities, and equity)Statement of change in equityNote to Financial Statements.Thus, financial information must be relevant and faithfully representative of financial performance and position.
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Erin bought stock with company XYZ, deposited money in a CD account, and started investing on a regular basis in a mutual fund. Did she diversify?
no
yes
It is true that Erin has a diversified portfolio as he invest in different investment.
What is a Portfolio diversification?This refers to investing of funds in different asset classes and securities in an attempt to minimize the risk of a portfolio.
Hence, It is true & yes that Erin has a diversified portfolio as he invest in different investment.
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Which of the following actions would be an acceptable response by the Federal Reserve to an economic downturn?
O Decrease the reserve requirement
O Increase the reserve requirement
Raise the discount rate
Sell government securities
Answer:
Raise the discount rate
Explanation:
might be the answer
On January 1, 2016, Flathound Properties received $22,800 from a tenant as rent for all of 2016. What journal entry would Flathound Properties make at the end of January 2016 to show that one month of service had been provided?
In order to show that one month of service has been provided, Flathound Properties should both Debit Deferred Revenue and Credit Revenue for $1,900.
What is the journal entry for a month of service?The $22,800 is for the whole year so we need to find the monthly rent:
= 22,800 / 12
= $1,900
This amount will be credited to Revenue to show that Flathound Properties has earned it for rental services provided. It will also be debited to Deferred Revenue.
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Efficient Market Hypothesis
Answer:
The Efficient Markets Hypothesis (EMH) is an investment theory primarily derived from concepts attributed to Eugene Fama’s research as detailed in his 1970 book, “Efficient Capital Markets: A Review of Theory and Empirical Work.” Fama put forth the basic idea that it is virtually impossible to consistently “beat the market” – to make investment returns that outperform the overall market average as reflected by major stock indexes such as the S&P 500 Index.
Which of the following is important to remember when sautéing vegetables?
The vegetables should be sautéd in the sauce that will be used to flavor the
vegetables.
Rinse the vegetables with water directly before placing them in the pan.
A simmering layer of oil should be added to the pan.
The pan should be big enough to avoid overcrowding of the vegetables.
The important thing to be remembered while sauteing vegetables is to add little quantity of the oil over the pan. Thus option 3rd is correct.
What is Sauteing?Sauteing refers to the fry the food such as the vegetables or the meat in order to make it crispy and tasty.
The important thing to be remembered while frying the food is to use less quantity of the oil because excessive oil is not good for the health as it can lead to heart problems.
Thus option 3rd is correct.
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1 Think of a relevant example in your own life of how a change in the market including information, preferences, technology, price of alternative goods, regulations, taxes, etc has shifted either the supply or demand of a good. How did this change affect the market equilibrium for that good or service?
A relevant example in my own life of how a change in the market in terms of information, technology and others has shifted the demand of a good is when I and some others knew that one can work easily from home through the use of a laptop and as such, the demand for laptops became very high as well as affordable internet subscription plan.
What is shift in demand?A shift in demand connote when at any given price, the quantity demanded of a product or services is said to be different than it was before then and as such, shift in demand can happen due to income increase.
Therefore, a relevant example in my own life of how a change in the market in terms of information, technology and others has shifted the demand of a good is when I and some others knew that one can work easily from home through the use of a laptop and as such, the demand for laptops became very high as well as affordable internet subscription plan.
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Three individuals, Mary, Jack and Helen, make up the total demand for donuts per month in a particular market.
Mary’s demand curve is 5P = 5000 – 1.25QM. Jack’s demand curve for donuts is given by P = 1000 – 0.5QJ.
Helen’s demand curve is given by QH = 2000 – 2P. The market demand curve would be:
The market demand curve would be 1000 - 0.125Q.
How to calculate the demand curve?It should be noted that the market demand curve will be the sum of the individual demand curve.
The market demand curve will be calculated thus. Mary’s demand curve is 5P = 5000 – 1.25QM. Here, p = 1000 - 0.25QM
Jack’s demand curve for donuts is given by P = 1000 – 0.5QJ. Helen’s demand curve is given by QH = 2000 – 2P. This will be P = 1000 - 0.5QH.
The slope will be:
= 0.5 × 0.25
= 0.15
The demand function of Jack and Helen are the same. The demand curve will be 1000 - 0.125Q.
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What was the relationship of customer relationship management to Kenya Airways’ business performance and business strategy?
There was a close relationship between Customer Relationship Management and their Business Performance of the Kenyan Airways.
In the case study 'Kenyan Airways Flies High with Customer Relationship Management', the progress of the Kenyan Airways of understanding the importance of Customer Relationship Management in their business. Essentially, Customer Relationship Management (CRM), was a business strategy that the airlines realized the importance of, in order to build an efficient business and increase profits. Until 2014, although the Kenyan Airways was one of the top airlines in Africa, for both domestic and international travel, it could not capitalize effectively. This was because they company did not procure any data on its customers, thereby, limiting their knowledge on them, and therefore, not being able to cater to their special needs/requirements. It was only after adopting the Oracle tools, that they were able to collect customer data, they were able to improve CRM and as a result, the increase in sales as well as profits for the company.From the above, the relationship between CRM and the Business Performance of the Kenyan Airways is clear.
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what are the three elements of business equipment and resource?
Explanation:
No matter how bold or ambitious your plans are to grow your business, the key to your business's success lies in three critical, interdependent components: operational excellence, customer relations/communications and financial management.
Think of an organization that you’re a part of. It could be a workplace, team, or club. Identify Schein’s four key elements in the organization’s structure: common purpose, coordinated effort, division of labor, and hierarchy of authority. If you had to choose one of the common organizational structures for your organization, which would you choose and why?
One of the most important key elements in Schein’s four key elements according to me would be a common purpose because, without having a common purpose, people working in the organization will be disoriented and directionless. Thus, it can hamper the ultimate goal of the organization.
What is the common purpose of an organization?A corporation with a clear purpose or undertaking is one that is simple to recognize and manage. A common purpose unifies personnel and facilitates them to understand the corporation’s direction.
Hence, according to me, among all the Schein’s four key elements in the organization’s structure, the Common purpose is the most key element.
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Argue why are Treasury bills a favorite place for financial managers to invest excess cash, as compared to other options? Your answer must be supported with examples and academic citations.
Treasury bills are a favorite place for financial managers to invest excess cash because of the sizable and vibrant market in which they are traded.
What are treasury bills?Treasury bills are referred to as short-term securities issued by the government when they require cash. In comparison to their face value, bills are offered at a discount.
As a result, the investor can choose any term from one day to a year, literally defining the desired maturity. Maximum liquidity is offered by the "T-bill" market, which may take on practically any volume of activity.
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On a per unit basis economic profit can be determined as the difference between?
Which of the following statements is true about the total production of health and the marginal return on new health production in developed nations? Group of answer choices Low total production of health and high marginal return. High total production of health and high marginal return. Low total production of health and low marginal return. High total production of health and low marginal return.
The amount of production health and its marginal return will lead to higher in the countries which are developed.
Option B is the correct answer.
What is production?Production is a process where an entity changes the raw materials into a saleable product through the use of machinery.
In developed countries, the production of health, that is, the relation between the inputs of health and the health of individuals and the marginal return on new production, means, additional returns would be both higher due to advancements in technology and infrastructure.
therefore, there should be higher marginal return as well as higher production health in the developed nations.
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Following are the number of automobile accidents that occurred at 60 major intersections in a certain city during the fourth of July weekend: 0 2 5 0 0 5 0 1 3 1 1 0 2 4 3 0 1 2 0 3 0 1 21 6 5 3 0 a) Group these data into a frequency distribution showing how often each of the values occur and draw a bar chart. 4 4 5 2 1 0 4 3 4 0 4 0 1 6 2 1 2 фодNN 2 4 5 230 2 1 1 4 2 2 4 0 1 0 b) Convert the distribution obtained in (a) above into a cumulative "or more "distribution and draw its ogive. Following are the number of automobile accidents that occurred at 60 major intersections in a certain city during the fourth of July weekend : 0 2 5 0 0 5 0 1 3 1 1 0 2 4 3 0 1 2 0 3 0 1 21 6 5 3 0 a ) Group these data into a frequency distribution showing how often each of the values occur and draw a bar chart . 4 4 5 2 1 0 4 3 4 0 4 0 1 6 2 1 2 фодNN 2 4 5 230 2 1 1 4 2 2 4 0 1 0 b ) Convert the distribution obtained in ( a ) above into a cumulative " or more " distribution and draw its ogive .
What is one way the government tries to attain positive externalities?
A. Punishing a company for pollution
B. People who make over $250,000 a year have to pay more taxes.
C. Lowering interest rates
D. Encouraging education
One way of representing attaining the positive externality by the government is through the promotion of education.
Option D is the correct answer.
What is an externality?When the cost or advantage is received by a third party that is not related to the economic activity, then it is considered an externality.
A positive externality is the arousal of a positive effect on either production or consumption. The act of penalizing a company for pollution, imposing taxes on citizens earning more than $250,000 and the reduction in rates of interest would all be classified as negative externalities.
Therefore, the encouragement of education by the government is regarded as a positive externality.
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A sound accounting framework allows for all of the following benefits
Identical items being reported on the financial statements of different companies
Uniform comparisons between companies
Consistency in financial reporting across industries
Increased reliability and relevance of financial statements
A sound accounting framework allows for all of the following benefits EXCEPT that A. Identical items being reported on the financial statements of different companies
What is Accounting?
This refers to the financial record that is taken about a given business to find out the profit and loss income.
Hence, we can see that based on the use of a sound accounting framework, there exists several benefits such as uniform comparisons between companies, etc, but option A is the correct answer.
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At a Hallmark store you can find several lines of greeting cards, including Fresh Ink, Nature’s Sketchbook, Shoebox, Maxine, Mahogany, and Tree of Life cards—all made by Hallmark for sale in its stores and intended to appeal to different target markets. The Mahogany line is designed to appeal to African Americans. This is an example of ________ segmentation.
The aforementioned illustration shows how demographic segmentation is used, with the Mahogany line being created with African Americans in mind.
What do you mean by segmentation?The process of segmenting a target market into groups of potential customers with similar requirements and behaviors involves dividing the market into segments.
The division of consumers into segments according to their demographic traits is known as demographic segmentation. Age, gender, income, education, religion, nationality, and other factors are included in this.
Thus, the correct answer to be filled in the given blank is Demographic segmentation.
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(05.02 MC)
After closing the revenue and expense accounts below, what would the income summary balance be?
Sales: $3,230.00
Advertising Expense:
$765.00
Communications Expense: $150.00
Rent Expense:
$900.00
A credit balance of $1,415.00
A credit balance of $5,045.00
A debit balance of $1,415.00
A debit balance of $5,045.00
The correct option is A. Revenue accounts include the sales accounts after deducting all the expenses from sales accounts a credit balance of $1,415.00 is shown in the revenue and expense account.
What is Revenue Expenditure?
Revenue Expenditure is such expenditure that is incurred during the normal course of business by the company that generally benefits from that expenditure of a year or less than a year.
Given, Sale =$3230
Advertising Expense = $765
Communication Expenses = $150
Rent = $900
Caculation of Income
Income = Sale - Expenses
= $3.230-$765-$150-$900
=$1415.00
Thus, after calculating the Income summary is shown a credit balance of $1415.00
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How can personality/attitude/ego make or break a business deal
The personality/attitude/ego of a person can make or break a business deal because if they are too arrogant or docile they may lose the deal.
What is an Attitude?This refers to the way and manner in which a person relates to others and how he acts around them.
Hence, we can see that when transacting business and as a general rule, it is important to be respectful to others and not be arrogant to them as failure to do this might annoy them and they would refuse to deal with you.
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