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Questions in business

[Free] You are working to finish an assigned task in order to meet production standards, but a team member urgently asks you to take a look at a piece of equipment that you know a lot about. What are you most likely to do?

[Free] What type of layout is best for a job shop environment? A. Product layout B. Process layout C. Fixed-position layout D. Cellular layout

[Free] Simple exponential smoothing is being used to forecast demand. The previous forecast of 66 turned out to be four units less than actual demand. The next forecast is 66.6, implying alpha equal to: (A) 0.15 (B) 0.01 (C) 0.20 (D) 0.10 (E) 0.60

[Free] Governments can cause the supply of a good to increase by: A. raising taxes on the good. B. warning companies that the good is dangerous. C. lowering taxes on the good. D. creating new regulations on the good.

[Free] The following information in respect of June 20.1 was obtained from the records of N Nelson: Balance of trade payables control account - 31 May 20.1 R 16 571 Totals for the month Cash payments journal: Trade payables column Settlement discount received column Purchases journal Purchases returns journal General journal: Certain accounts with debit balances transferred to trade receivables ledger from trade payables ledger List of individual creditors per trade payables ledger. 14 326 1 673 17 350 3 750 46 Credit balances Debit balances 16 812 110 In the process of reconciling the balances on the creditors control account with the list of individual balances per creditors ledger, the following errors were discovered: (a) An invoice for R1 787, which had been entered correctly in the purchases journal was entered against the account of Tims Ltd as R1 878. (b) Credit note No 63 for R60 was entered correctly in the purchases returns journal, but erroneously posted as a credit to the account of Ewing Ltd. (c) A cheque for R90 paid to M Sorry was entered on the debit side of S Sorry's account. (d) The total of the list of trade payables balances was overcast by R500. (e) The total of the purchases journal was undercast by R100. REQUIRED (1) Prepare the trade payables control account as at 30 June 20.1, properly balanced. The first word(s) of each entry must indicate the contra ledger account. (2) Reconcile the total of the list of trade payables balances with the balance of the trade payables control account as determined in (1) above.

[Free] How do macroeconomic concepts and ratios assist business managers in decision-making? (Select all that apply) Select 3 correct answer(s) A. They help managers understand the relationship between different macroeconomic variables. B. They are only useful for long-term planning and have no impact on day-to-day business decisions. C. They enable business managers to apply economic variables to improve production efficiency. D. They provide insights for forecasting and adjusting business strategies according to macroeconomic changes.

[Free] Who do you contact if you have questions about repayment plans? A. Your school's financial aid office B. Your loan servicer C. Your parents

[Free] The Horizon Company will invest $67,000 in a temporary project that will generate the following cash inflows for the next three years. Calculate your final answer using the formula or financial calculator methods. Year Cash Flow 1 $21,000 2 34,000 3 36,000 The firm will also be required to spend $18,000 to close down the project at the end of the three years. a. Compute the net present value if the cost of capital is 9 percent. Note: Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places. Net present value b. Should the investment be undertaken? No Yes

[Free] A "stock" of some item or group of items is called what? A. Income B. Investment C. Economics D. Money

[Free] Cable 4 U Ltd. enters into a two-year contract with the City Hospital to provide a 24/7 on demand cable television service to its patients. Cable 4 U Ltd. determines that its cable television service is satisfied over time because the patients of City Hospital receive and consume the benefit from the service as it is provided. Since Cable 4 U Ltd.'s efforts are expended evenly throughout the performance period, it uses a time-based measure to measure its progress. Which one of the following is correct? 1. The identification of a series of distinct goods or services as a single performance obligation is an accounting policy choice because the series requirement only exists to simplify the accounting for when an entity provides the same good or service over time. 2. Cable 4 U Ltd. concludes that its contract with the City Hospital does meet the series requirement (i.e., the contract is a single performance obligation) as long as it can document that the television programming is consumed evenly throughout the two-year period. 3. The City Hospital contract meets the series requirement because each of the distinct increments of service - a day - is substantially the same, satisfied over time and Cable 4 U Ltd. uses the same measure of progress to recognize revenue for its television service.