Final Assessment: Question 1 of 10
Which of the following is NOT one of the Principles of the Global
Principles of Business Conduct (Global Code)?
Select the best answer.
? Professional development and support
? Social responsibility
? Respect, diversity, and fair treatment
?) Accountability

False. Since, an invoice is a subject to both cash and trade discounts.

An invoice, or tab is a commercial document issued by a Seller to a Buyer in connection with a sale transaction, specifying the products, quantities and agreed prices for the products or services provided by the Seller to the Buyer. Payment terms are normally stated on the invoice.

Transaction rebates are not explicitly reflected in the company's books of accounts and all transactions are entered in the sales ledger as a net amount. In contrast, cash discounts on the finance book are shown separately as an expense on the income statement. Not all invoices receive a cash discount. If no cash discount is offered, the invoice issuer will only require full payment. "n/30", for example, indicates that no cash discount applies and the credit period ends 30 days after it started.

To know more about trade discount, visit:

https://brainly.com/question/29067322

#SPJ1

Demand for the goods and products is often taken into account while forecasting.

The forecast level serves as a consumption level in addition to defining the bare minimum of detail for which the prediction is defined. The demand class, which also regulates the consumption of forecasts, can be included in the forecast level definition or not.

This article provides some advice on how to prevent a poor forecast so you don't feel like you're trying to strike a target while wearing blinders.

Make certain that Opportunities are Realistic and Achievable.

Managing Biases; Regularly Reviewing the Long-Term Forecast; Improving Bad Data and Data Input; and Managing Biases.

A Combination of Art and Science Can Improve the Sales Forecast.

To know more about Demand visit:

https://brainly.com/question/29761926

#SPJ4

A firm's variable costs are costs that increase as quantity produced increases. these costs often show diminishing marginal returns illustrated by the increasingly steeper slope of the total cost curve.

The marginal cost, or the price of producing more, is the adjustment to the overall cost in economics that results from increasing the quantity produced.

Costs that fluctuate according on the level of output are referred to as variable costs. As a result, variable costs will rise as production volumes rise.

The marginal cost is the right response (A). The difference in price that results from adding an extra unit to the quantity produced is known as the marginal cost. Therefore, it is the expense incurred when an additional unit is generated.

To Know more about diminishing marginal returns

https://brainly.com/question/14250273

#SPJ4

$4.2milion the value of the company if it changes to a debt-equity ratio of 627.

One of the most significant theorems in corporate finance is the M&M Theorem, often known as the Modigliani-Miller Theorem. The economists Merton Miller and Franco Modigliani formulated the theorem in 1958. According to the M&M theory, a company's capital structure has no bearing on its overall worth.

According to the Modigliani-Miller theorem (M&M), a firm's market value may be accurately determined as the sum of its underlying assets and its future net present value of profits. This calculation is made independently of the capital structure of the company. The M&M theory: what is it and how does it work?

According to M&M proposition 1,

if there are no taxes,

Value of the levered firm = the value of unlevered firm.

value of company = $4.2milion

To learn more about M&M proposition, visit:

https://brainly.com/question/29672706

#SPJ4

A manager (John) hires his best friend (Ron) for operational job. Ron finds it very difficult to work after he tried his best to understand the job work or role. Other employees of the company also suffered because he is not able to perform his duties effectively.

As the time went on, it was clear that he was not able to handle responsibility, stress, or new work. John was also not able to punish him or scold him for his wrong doing because of the friendship they both share.

Manager has to redo, or do, 70% of the work from his desk. Manager also provides training to him, but nothing worked. Due to the emotional aspect of the hiring decision, the employees, company, him were affected. This put a serious strain on their friendship. The company suffered because John was not able to do his own work also because of double work- load. And also, company was paying a salary and benefits for an extra employee, but production was low.

This is the situation of role conflict for manager (John). He is not balancing between two role on is of a manager (employee of the company), and a friend of Ron.

Reduce conflict- when, everything go beyond the hands of manager, the company’s management talked with the manager and ask him to find solution. John (manager) privately talks with the Ron and explains him the whole situation.

Ron is also not happy with the job role. John (manager) found new job according to his skills in different company and Ron was also happy with this decision. Ron left the John’s company and they both perform their job roles effectively and efficiently.

Learn more about witnessed to visit this link

https://brainly.com/question/15649802

#SPJ4

The service Theresa received from the U.S. Bank representatives exhibited experience Properties. Hence Option E. Experience is the correct answer.

Experience is used to describe conscious events in general, perceptions in particular, or the knowledge and comfort that are produced by these conscious processes. Typically, experience is equated with perception and set apart from other categories of conscious experiences, such as thinking and imagining. In a slightly different context, experience refers to the knowledge and comfort that conscious events create rather than the conscious events themselves. In this regard, it is crucial that knowledge originates from direct perceptual contact with the outside world.

The definition of property states that it is something that a person or business has legal control over. They might have certain legal claims to some objects. Most real estate is an asset because it has or will have financial value in the future.

Visit to learn more about properties: https://brainly.com/question/17584053

#SPJ4

Therefore, All Good Company should report the investment's $155,000 book value at the end of the year.

An asset or item purchased with the intention of earning money or increasing in value is an investment. An asset's appreciation over time is referred to as appreciation. When a person purchases a product as an investment, the goal is not to use the product now but to use it to build wealth in the future.

Calculation to determine the investment's book value, which All Good Company should report at the end of the year: $60,000 x 6,000 x $10.00 per share $135,000 less than the following:

Ending investment balance of $155,000 (60,000+$135,000-$40,000) Dividend ($40,000).

To learn more about investment's here

https://brainly.com/question/15353704

#SPJ1

The cost of buying switches instead of creating them will increase by $10,500, claims the statement.

A organization is a legal person that a group of people to conduct and manage a business venture, whether it be corporate or industrial. Depending here on corporate legislation of its country, a corporation may be set up in a variety of ways including tax and financial responsibility reasons.

Incremental analysis: Incremental analysis determines the benefit or loss from taking one course of action than taking another. Incremental analysis is used in decision making. It helps to select most profitable course of action.

Calculating the gain or loss from choosing one line of treatment over another using incremental analysis. Making decisions involves the application of incremental analysis. It aids in making the most lucrative decision.

Net benefit or drawback: The benefits or drawbacks of choosing 1 course of action over another are:

Gain from proposal 1 minus Gain from proposal 2 is the net advantage/(disadvantage).

Choosing a purchase or make choice involves taking incremental expenses into account. Products be obtained from an outside source if manufacturing costs are greater then buying costs, otherwise they are created internally.

Consequently, the total cost of switching is $110,500.

Materials costs, labor costs, variable costs, supervisor wages, and rent loss due to not leasing space are all included in the total cost of creating switches. Rent lost seems to be an opportunity cost that matters when choosing to manufacture or purchase. Allocated expenses are irrelevant for making decisions since they remain constant regardless of the course of action. The whole cost is $110,500.

calculating the additional cost or value of making changes as opposed to buying them from an outside provider.

The price of switches is:

                 [tex]\begin{aligned}\text { Purchase cost } & =\text { Number of switches } \times \text { Cost per unit } \\& =5,000 \times \$ 20 \\& =\$ 100,000\end{aligned}[/tex]

Purchase costs are $100,000, but production costs are $110,500. Making materials will result in an extra expense of $10,500 since the cost of production is greater than the price of purchasing.

Extra cost is the extra expense spent by manufacturing components as opposed to buying them. Parts of Step 1 cost $110,500 to produce. The acquisition will cost $100,000. That leads in an additional expense of $10,500 for manufacturing.

Therefore, if the switching are obtained, the price of manufacturing switches will increase by $10,500.

To know more about Company visit:

brainly.com/question/29354835

#SPJ4

Organizations should monitor and analyze three main types of cash flow: cash flow from operating operations, cash flow from investment activities, and cash flow from financing activities. These three categories of cash flow can be used to determine the liquidity and solvency of the company. All three appear on the cash flow statement of a business.

What are the three financial statements?

Income statement, balance sheet, and cash flow statement are all required financial statements.

                            Trading professionals can utilize these three statements as instructional tools to evaluate a company's financial standing and swiftly ascertain its true worth.

Why Are Investment Activities Important?

The line item for investing activities is one of the most significant ones on a company's cash flow statement.

                                You can learn from them about how a company might develop in the future and generate more income.

Learn more about cash flow

brainly.com/question/29768594

#SPJ4

Anchor bias tends to: start with an anchor or beginning point and think about marketing strategy and Black Friday sales.

Anchor bias is a cognitive bias that relies excessively on the first information the people already have or the first information they find to make a decision. When we plan or estimate something, we interpret the latest information from an anchor point of reference rather than looking at it objectively. For example, if first he sees a $1,200 T-shirt, then second T-shirt for $100, he tends to look at the second T-shirt cheaply.

Anchoring bias is closely related to confirmation bias and works in interpreting evidence. This refers to the practice of doctors prioritizing information and data that support a first impression, even if the first impression is wrong.

To learn more about anchoring bias visit:

https://brainly.com/question/13044778

#SPJ4

A new car dealer can reduce the list price of a new ford escape SUV by offering you a trade- in allowance of $1,000 for your 2008 Nissan Sentra.

An auto dealership, is a business that sells new or used vehicles to the public under a dealer agreement with an automaker or its sales subsidiary. car. Replacement parts and auto repair services are regularly offered at auto dealerships.

Early automakers sold their products directly to consumers or through a variety of channels, such as mail order, department stores, and street vendors. William E. Metzger opened the first dealership nationwide in 1898. Most U.S. states have franchising laws that restrict direct sales from automakers to customers by requiring new cars to be sold only by authorized independent dealers. licensed and binding.

To know more about Car dealer here-

https://brainly.com/question/11312858

#SPJ4

The given statement that the American clothing manufacturer Simple Suits was sued in New York courts by watchdog groups that discovered the poor working conditions in manufacturing plants in a U.S. territory is true.

Workplace variables that have an impact on productivity include working hours, stress levels, level of safety, and danger. The motivation of the personnel, and therefore their performance, is highly influenced by improving the work environment and conditions. If a bad work environment may ruin your company, a great work environment can do the exact opposite.

The staff is considerably more likely to produce their best job when they are content, engaged, and joyful. They will become infinitely more productive and less prone to errors. Morale and productivity at work can be greatly affected by the workplace environment. Additionally, by lowering the likelihood of workplace accidents, good working conditions also preserve the well-being of their employees reducing financial liabilities and the need to take time off.

To learn more about financial liabilities, visit:

https://brainly.com/question/29982108

#SPJ4

To make decisions, give orders, and manage resources, a manager needs authority.

To make decisions, give orders, and distribute resources in order to achieve organizational goals, a manager must have official, legal authority. The authority of a manager is specified in the job description.

Financial managers typically keep tabs on a business's finances and work to maintain its viability. They are in charge of crucial tasks like keeping track of cash flow, figuring out profitability, controlling spending, and acquiring reliable financial data.

To know more about  utilize resources visit:-

https://brainly.com/question/15077493

#SPJ4

There are a few processes in the fundamental accounting process of documenting transactions. The first step is to locate the event and the affected accounts.

Money is entered into an account as a debt (dr), and it is taken out of an account as a credit (cr).

Briefing:

Date           Particulars                                                       Debit           Credit

Mar 1          Cash A/c  (65000 × $62)                     Dr    4030000    

                 Common stock A/c (65000 × $1)                                      65000

                 Additional pain-in capital                                              3965000

May 10       Treasury shares  A/c  (6000 × $65)    Dr   390000

                 Cash A/c                                                                           390000

June 1        Cash Dividend A/c                               Dr    318000

                 Dividend payable A/c                                                       318000

                 (100000 + 65000 + 6000) × $2

July 1         Dividend payable A/c                           Dr   318000

                Cash A/c                                                                             318000    

Oct 21        Cash A/c  (3000 × $70)                        Dr  210000

                 Treasury shares A/c (3000 × $65)                                   195000

                  Additional pain-in capital A/c                                           15000

To know more about stock visit:

https://brainly.com/question/29750557

#SPJ4

In-Band Management, Competes with normal network traffic for bandwidth, Must be encrypted to protect communications from sniffing or affected by network outages.

In order to share resources (such printers and CDs), trade files, or enable electronic communications, two or more computers are connected to form a network. A computer network can connect its computers through wires, phone lines, radio waves, satellites, or infrared light beams.

The term "networking" was originally used to refer to bringing together individuals in order to create a commercial network in a 1985 news item by telecommunications consultant and expert Bill Lewis.

To know more about Network visit:

https://brainly.com/question/13102717

#SPJ4

The U.S. demand for euros is downsloping because, at lower dollar prices for euros, Americans will want to buy more European goods and services.

Consumers can possess or desire a tangible good. Despite the fact that a service is not a material object, buyers nevertheless want it. The ability to perform a service remotely is common. What people consume and spend money on is referred to as products and services collectively.

In economics, there are four distinct categories of products that can be categorized based on excludability and rivalrousness: private goods, public goods, common resources, and club goods.

To know more about goods and services visit:

https://brainly.com/question/342628

#SPJ4

The region of the Andes with the largest number of rivers is located in the western part of the mountain range. This is because the western side of the Andes is much wetter than the eastern side. The western side of the Andes receives more precipitation in the form of rain and snow, which is then fed into the region's rivers.

Additionally, this part of the mountain range is located near the Pacific Ocean, which increases the amount of rainfall the region receives. The area is also home to some of the highest peaks in the Andes, which contribute to the high number of rivers in the area. In addition, the steep slopes of the western side of the Andes create a unique geography that allows water to be easily collected from the mountains and channeled into rivers. All these factors combine to make the western region of the Andes the region with the largest number of rivers.

To know more about mountains click here

https://brainly.com/question/10690247

#SPJ4

The $2,204 direct materials price variance has been calculated.

The direct materials quantity variance is calculated as $27,816.

The term "direct material quantity variation" (sometimes referred to as "direct material use variance" or "efficiency variance") describes the discrepancy between the standard cost of material permitted for actual production as well as the standard cost of materials actually used during production.

Direct materials quantity variation is a part of the overall materials cost variance as a result of the difference between the actual amount of direct materials used and the standard quantity permitted for the output. Other terms for direct material amount fluctuation include direct material consumption and volume variance.

1. The direct materials price variance is calculated as follows:

= $2,204 ($12.20 - $12.30) x 22,040) Unfavorable

The direct materials amount variance is calculated as follows:

= $27,816 (24,320 - 22,040) x $12.20) Favorable

2. Hart will place more emphasis on the direct materials quantity variance than the direct materials price variance, which accounts for 10.3% ($27,816/$271,092 x 100) of the actual direct materials costs despite accounting for just 0.8% of those expenditures.

Learn more about direct materials price and quantity variances: https://brainly.com/question/26078014

#SPJ4

Answer:

Explanation:

Commercial activities include those features of an economy that are bound to the interchange of commodities, services, and labor exercises, whereas, economic activity draws and encourages a variety of industries.

A) Mobile marketing is used to enrich the brand experience, stimulate immediate buying, or decrease advertising costs.

A type of financial accounting known as advertising costs accounts for expenses incurred in promoting a business, organization, brand, product, or service. They cover direct mail advertising, broadcast time, radio time, and advertisements in print and online venues.

Copywriting, graphic design, commissions, generating leads, and broadcast production are all examples of these expenses. Production, overhead, media purchases, and commissions are all included in an accurate advertising budget.

To learn more about advertising costs here:

https://brainly.com/question/28175005

#SPJ4

T/F groups representing consumer, environmental, or other interests can be identified as project stakeholders is true.

A stakeholder is a party with an interest in a business who may have an impact on or be affected by that firm. Investors, employees, clients, and suppliers make up the majority of the stakeholders in a typical firm.

A stakeholder's main responsibility is to provide their experience and viewpoint to a project in order to aid the organization in achieving its strategic goals. They can also offer the tools and resources needed. A project's success depends on their support.

To know more about Stakeholders visit:

https://brainly.com/question/28625232

#SPJ4

The probability that a randomly selected calf was born in the night or female can be : 369/513

The correct option is (a)

Now, According to the question:

The number of male and female calves born at various times of the day:

                  Day    Evening     Night      Total

Males         129       15               117          261

Females     118        18               116         252

Total           247      33               233       513

The probability rules:
General addition rule: P(A or B) = P(A) + P(B) - P(A and B)

Complement rule: P([tex]A^c[/tex]) = P(not A) = 1 - P(A)

P(B | A) = P(A∩B)/P(A) = P(A and B)/P(A)

The probability is the number of favorable outcomes divided by the number of possible outcomes.

P(Born at night) = [tex]\frac{233}{513}[/tex] P(Female)= [tex]\frac{262}{513}[/tex] P(Female and born at night) = [tex]\frac{116}{513}[/tex]

Hence, the probability that a randomly selected calf was born in the night or female can be determined by:

P(Female or born at night) = P(Female) + P(Born at night) - P(Female and born at night)

                                           =  [tex]\frac{223}{513} + \frac{262}{513}-\frac{116}{513}[/tex]  

                                          = [tex]\frac{223+262-116}{513}[/tex]

                                          =   [tex]\frac{369}{513}[/tex]

The correct option is (a)

Learn more about Complement Rule at:

https://brainly.com/question/29146128

#SPJ4

The complete question is this:

Records from a random sample of dairy farms yielded the information below on the number of male and female calves born at various times of the day.

                  Day    Evening     Night      Total

Males         129       15               117          261

Females     118        18               116         252

Total           247      33               233       513

What is the probability that a randomly selected calf was born in the night or was a female ?

a) 369/513

b)485/513

c)116/513

d) 116/252

(a) The assertion that an audit team's documents for attributes sampling are accurate is that the team should record information on the number of deviations or sampling deviation rate, but not on the allowance of sampling risk.

A physical inventory check is followed by an auditor's review or inspection of various books of accounts to ensure that all departments are using the same documented system of documenting transactions. It's done to make sure the organization's financial accounts are accurate. An audit's objective is to reach a determination regarding the fairness and compliance with applicable accounting rules of the financial statements.

The credibility an audit lends to a set of financial statements and the assurance it gives shareholders that the accounts are truthful and fair make it crucial. It can also aid in enhancing a company's internal processes and controls. The fundamental tenets of auditing include secrecy, objectivity, independence, skills and competence, work done by others, documentation, planning, audit evidence, accounting system, internal control, and audit reporting.

To know more about Audit visit:

https://brainly.com/question/29575176

#SPJ4

The statement is true because the GATT accord features an exit clause allowing member states to charge high taxes on imports when unveil result in or pose a danger to harm domestic manufacturers.

Any good or service you offer to satisfy an user's need or desire is a product. There are both real and virtual ones. Durable things (such as automobiles, furniture, and laptops) and highly perishable items are examples of physical products (like food and beverages).

Electronics, furniture, jewellery, etc. are a few examples. These goods often have higher price points. These items are scheduled purchase. Specialty Items: Customers take extra steps to purchase niche goods.

To know more about Products visit:

https://brainly.com/question/29423646

#SPJ4

Additionally, a person must have received credit counseling from an accredited credit counseling organization within 180 days prior to filing in order to qualify as a debtor under chapter 7 or any other chapter of the Bankruptcy Code. This counseling can be received individually or in a group setting.

Only those who "reside or have a domicile, place of business, or property in the United States or a municipality" are eligible to file for bankruptcy under section 109(a) of the Bankruptcy Code.

Only a voluntary petition filed in Bankruptcy Court by a debtor can start a Chapter 13 action.

To know more about credit visit:

https://brainly.com/question/1475993

#SPJ4

The affirm has 5 per year carrying on each unit of inventory and annual usage of 40000 unit ordering cost​ was the 200,000.

The term inventory refers to the company are ready to sell the merchandise, goods, and services and the earn profit. The company used the raw material are converted into the finished goods.

holding cost per unit per year = 5 year

average inventory level = 40000

Annual holding cost = ?

Annual holding cost = average inventory level x holding cost per unit per year.

Annual holding cost =  5 × 40000

Annual holding cost = 200,000.

Learn more about on inventory, here:

https://brainly.com/question/14184995

#SPJ1

An unlicensed assistant may do all of the following activities, except exhibit homes that are for sale and show the buyer around the home.

Unlicensed assistants are permitted to mail, deliver, pick up, or arrange for the mailing, delivery, or picking up of documents or other instruments related to the transaction, including obtaining signatures on the documents or other instruments from the principals, parties, or service providers in connection with the transaction.

These tasks may be carried out by an unauthorized personal assistant: Dispatch calls to a licensee by picking up the phone. listing and updating a multiple listing service (MLS) Once a deal has been reached, follow through on loan agreements.

To know more about unlicensed assistant visit:

https://brainly.com/question/28343863

#SPJ4

Vendor-managed inventories reduced the processing times for manufacturers and distributors.

A is the proper response.

A tried-and-true inventory system called vendor managed inventory was developed to make order fulfilment and inventory management simpler. It encourages improved communication between suppliers and distribution partners by synchronising business objectives and streamlining processes for all parties.

Vendor Managed Inventory promotes a win-win relationship between the two sides to a transaction, allowing them to share risk and work together for mutual benefit. By controlling the buyer's inventory or supply chain management, the vendor can oversee and manage the entire supply chain.

To know more about vendor managed inventory visit:

brainly.com/question/28872992

#SPJ4

The most important step in problem solving is to identify the problem and break it down into smaller parts that are easier to solve.

Problem solving is the process of identifying a problem, developing a plan to address it, and then implementing the plan to reach a desired outcome. It involves creative thinking, decision making, and troubleshooting. Problem solving involves analyzing the situation, breaking it down into smaller pieces, and finding solutions. It also involves taking action, learning from mistakes, and adapting to changing circumstances. Problem solving requires the ability to think critically, identify patterns, and develop creative solutions. It is an essential skill for succeeding in both the workplace and in life.

Once you have identified the problem and broken it down, you need to analyze the problem and come up with possible solutions. After that, you need to evaluate the solutions and select the best one. Finally, you need to implement the solution and monitor its effectiveness.

To learn more about problem solving
https://brainly.com/question/27590235
#SPJ4