TRUE/FALSE. people sometimes do things because they think it is the fair thing to do but actions based on fairness must also be backed by real financial gains or other material or tangible benefit. even if there is no financial or other material benefit. sometimes expecting nothing in return, but most often expecting real gains also. only if they trust the other people in the transaction.

In the closing procurements process, records are updated to reflect final outcomes and information is archived for future use.

When a contract is finished OR when it is terminated prior to the work being finished, the procurement is considered closed. The Closing Process Group includes Close Procurements. No matter why a procurement comes to an end, is terminated, or is completed, it must be closed out.

As part of the closing procurements process, records are updated to reflect final outcomes and information is archived for future use.

Finding a need for goods or services is stage one.

Step 2: Write up and send a purchase request.

Stage 3: Assess and choose suppliers and vendors.

Stage 4: Discuss contract terms with the chosen provider.

Step 5: Complete the purchase order.

To Know more about procurement

https://brainly.com/question/26101126

#SPJ4

(a) Each room has two observations, one each for the seasons of winter and summer.

Therefore, in this circumstance, the Paired t test (dependent samples t test) would be applied.

Statistics from the t test are helpful.

(b) The confidence interval for the population proportion is known as the likely range for true percent.

For a single percentage, the confidence interval is helpful. That is the proportion's z interval.

(c) Single-mean testing. One sample t test would be employed since population SD is unknown and sample size is also limited.

T test for mean on one sample. Statisticians would utilise the t test.

(d) Confidence interval for the proportional road test failure rate

For a single percentage, the confidence interval is helpful. That is the proportion's z interval.

(e) To determine the efficacy of both, there are two separate samples for each kind (A and B).

Therefore, a two sample t test using independent samples would be helpful.

Statistics from the t test would be applied.

Learn more about to t test visit here;

https://brainly.com/question/15870238

#SPJ4

A. The reasons that a company may convert receivables before their due date include reducing the risk of non-payment.

Converting receivables to cash before they are due can be beneficial for companies for several reasons. One reason is to reduce the risk of non-payment. By converting receivables to cash prior to their due date, companies can reduce their exposure to customer defaults and ensure that they receive payment for their services or goods.

Additionally, converting receivables to cash can help to satisfy customer needs. By having cash on hand, companies can more easily provide customers with the products or services they need. Finally, converting receivables to cash can quickly increase profit and generate cash. By receiving payment for services or goods before their due date, companies can reduce their overhead costs and increase their profitability. In addition, they can use the cash they receive to finance other operations or investments.

For more questions like Receivables click the link below:

https://brainly.com/question/15106391

#SPJ4

The maximum amount an individual must pay is called out-of-pocket maximum and the common coinsurance rates are 80/20 are true about coinsurance.

Co-insurance, often known as coinsurance, is the division or spreading of risk across several parties in the insurance industry. Co-insurance clauses are seen in American Land Title Association owner's title insurance policy forms made between 1987 and late 2006. The second is if improvements made to the property after the insurance is issued raise its worth by at least 20% over the sum insured. The insurer will then cover a portion of the claim equal to the ratio of 120% of the amount of insurance acquired divided by the total cost of the renovations. Similar to how it is explained below for the foreign insurance market, co-insurance is also utilized by domestic title insurers in the United States.

To learn more about coinsurance, visit:

https://brainly.com/question/23612826

#SPJ4

Explanation:

If the demand curve for a life-saving medicine is perfectly inelastic, it means that the quantity demanded does not change regardless of the price of the medicine. In this case, a reduction in supply will cause the equilibrium price to rise, because the reduced supply will lead to an increase in the price that sellers are able to charge.

However, the equilibrium quantity will fall, because the reduced supply will lead to a decrease in the total quantity of medicine that is available for purchase.

Therefore, the correct answer is A: a reduction in supply will cause the equilibrium price to rise and the equilibrium quantity to fall.

Using a test statistic, you can determine how well your data's distribution fits the distribution that would be expected under the null hypothesis of the statistical test you are using.

A hypothesis must be testable in accordance with the scientific method to qualify as a scientific hypothesis. Scientific hypotheses are typically based on prior observations that cannot be adequately explained by the body of knowledge. In a scientific setting, a hypothesis (plural: hypotheses) is a tested assertion on the relationship between two or more variables or a suggested explanation for a phenomenon that has been observed. A research question is just the researcher's natural curiosity about the world, but a hypothesis is characterized as an educated estimate. The scientific research process includes hypotheses. They are used in scientific, sociological, mathematical, and other research projects.

n= 416

x= 169

phat = x/n

p_0 = .32

st error = sqrt(p_0*(1-p_0)/n)

z = STANDARDIZE( phat, p_0,st error)

To learn more about hypothesis, visit:

https://brainly.com/question/28484939

#SPJ4

The full question is:

According to a Pew Research Center study, in May 2011, 40% of all American adults had a smart phone (one which the user can use to read email and surf the Internet). A communications professor at a university believes this percentage is higher among community college students. She selects 341 community college students at random and finds that 147 of them have a smart phone. Then in testing the hypotheses:

H0: p = 0.4 versus

Ha: p > 0.4,

what is the test statistic?

z =________________. (Please round your answer to two decimal places.)

B.)

According to a Pew Research Center study, in May 2011, 33% of all American adults had a smart phone (one which the user can use to read email and surf the Internet). A communications professor at a university believes this percentage is higher among community college students. She selects 349 community college students at random and finds that 138 of them have a smart phone. In testing the hypotheses:

H0: p = 0.33 versus

Ha: p > 0.33,

she calculates the test statistic as z = 2.5990.

Then the p‑value =________________ .

(Please round your answer to four decimal places.)

Intuition relies on an understanding of many of the norms, expectations, and behaviors of others learned from living and working with them.

The scientific method relies on systematic studies that identify and replicate a result using a variety of methods, samples, and settings. A hypothesis is a collection of verbal and symbolic assertions that specify how and why variables are related, and the conditions under which they should and should not relate.

A theory is a well-substantiated explanation of some aspect of the natural world that is acquired through the scientific method. An independent variable is a variable used to measure the effect of the independent variable.

A dependent variable is a variable predicted to be affected by something else. Correlation is the size and strength of the statistical relationship between two variables.

A meta-analysis is a statistical technique used to combine the results of many different research studies done in a variety of organizations and for a variety of jobs. Global replication is the replication of the study’s results in different contexts.

For more questions like Variables click the link below:

https://brainly.com/question/15740935

#SPJ4

The belief is that the green corporate image is what drives the present company structures.

Both claims are accurate that

(1) If Green's company is a tightly owned C corporation that is not a personal service corporation, the current deduction for passive activity losses is $50,000.

(2) If Green is a personal service corporation, his or her current deduction for losses from passive activities is $0.

So, c is accurate.

Businesses thrive when customers and clients view them as environmentally responsible. Organizations are moving away from conducting business as usual and replacing it with sustainable operations that enhance brand values. This essay analyses some of them to demonstrate the potential value of green corporate image projects and concepts for company.

To know more about corporate please check the following link

https://brainly.com/question/24308480

#SPJ4

Acceptable methods of the valuation of identifiable intangible assets and intellectual property fall into three broad categories. They are either market based, cost based, or based on estimates of future economic benefits.

Intangible rights, which are considered to be non-tangible physical objects, include intellectual property.They can convey information to another company or person because they are intangible, but they don't actually exist. Examples of intangible and intellectual property include software designs, brands, trademarks, and domain names.

To learn more on Intellectual property, visit:

https://brainly.com/question/9042906

#SPJ4

D) All other things equal, a bond's sensitivity to changes in the interest rates is lower when the coupon rate is higher.

A greater number of cash flows must be discounted, which results in this. With all other factors remaining the same, the interest rate sensitivity increases with coupon size. This is because the bond's value is more dependent on the par amount that will be received at maturity when it has a lower coupon.

In a nutshell, the maturity, coupon rate, and yield of a coupon bond all have an impact on its price sensitivity. For a fixed coupon, the longer the maturity, the higher the volatility, and for a given maturity, the lower the coupon rate, the higher the volatility.

To learn more about coupon rate here:

https://brainly.com/question/16913107

#SPJ4

Option (c), The balanced scorecard's innovation and learning perspective incorporates intellectual assets, employee happiness, market innovation, and skill development.

A balanced scorecard (BSC) is a management system that provides feedback on both internal and external corporate operations in order to improve strategic performance and results on a continual basis.

The balanced scorecard is a management strategy that aims to translate an organization's strategic goals into a set of company performance objectives, which are then measured, monitored, and adjusted as needed to ensure that organization's strategic goals are accomplished.

The innovation and learning perspective of the scorecard model focuses on how the firm can support continuous change and development by improving activities such as training hours per employee, hiring process efficacy, and revenue per employee.

Learn more about balanced scorecard: https://brainly.com/question/25645358

#SPJ4

Land improvements are C. additions to land that have limited useful lives.

Land upgrades are changes made to a piece of land to increase its utility. These enhancements should be discounted if they have a useful life. Do not discount the cost of the upgrades if a useful life cannot be determined.

Include these costs in the cost of the land asset if the land needs to be readied for its intended use. They have not lost value.

Examples of such expenses include cleaning and leveling the ground and dismantling an old structure. Additionally, keep in mind that as land has no useful life, it does not undergo depreciation. Instead, it is said to have an endless life.

To know more about land improvements:

https://brainly.com/question/25115355

#SPJ4

The following is circumambulation (b), which is not an element of the huge stupa at Sanchi.

Although it predates Buddhism, the stupa—which is Sanskrit for "heap"—is a significant component of Buddhist construction. It is often seen as a sepulchral monuments, that is a grave or a receptacle for sacred objects. A stupa is essentially a stone-faced soil burial mound. The most notable building in the historic Sanchi site in India's Madhya Pradesh state is the Great Stupa. It is the largest stupa at the location and one of the oldest Buddhist monuments in the nation.

To protect the remains of Buddha and his companions, stupas were constructed. Along with holy books and other artifacts, his ashes were interred inside the building. According to Buddhist afterlife doctrine, those who are seeking enlightenment go through a cycle of death and rebirth.

To know more about Stupa visit:

https://brainly.com/question/19744284

#SPJ4

An example of a fixed expense is paying a cell phone bill. The Option C is correct.

Fixed expenses are those that do not change in response to the level of activity. These expenses are usually fairly consistent, with little variation from month to month. Advertising, dues, equipment leases, insurance, and rent are examples of fixed expenses.

Within a certain range of activity, expenses tend to be fixed, but they vary outside of that range. For example, a company may rent fixed-cost administrative space; however, sales double, necessitating the addition of more staff than can fit in the existing facility, necessitating an increase in rent expense to accommodate the additional staff.

Read more about fixed expense

brainly.com/question/8225307

#SPJ1

The statement indicates that the cash flow from operations for 2016 was $840.

Depreciation lowers the book value of the fixed assets. Depreciation is the process through which assets lose value due to wear and tear and obsolescence. Impairment will persist during in the assets' useful lifetimes.

Calculation of Cash Flow From Operations:

Net Income = $540

LESS: Gain on sale = $30

Income from Operations = $510

ADD: NON CASH EXPENSES:

Depreciation Expense = $120

Total = $630

ADD: CHANGES IN WORKING CAPITAL

Increase in Accounts Receivable = $20

Decrease in Inventory = $120

Decrease in Prepaid Insurance = $30

Increase in Accounts Payable = $80

Cash flow from Operating Activities: = $840

To know more about Depreciation visit:

https://brainly.com/question/15085226

#SPJ4

Some managers use the balanced scorecard, which provides four indicators with which organizations can set goals and measure performance.

As a result, the following can be used to establish a balanced scorecard description: An instrument for tracking the strategic choices made by the organization based on indicators that have already been developed and that should affect at least four different areas: finances, customers, internal processes, and learning and growth.

The Balanced Scorecard (BSC), an organizational strategy management framework that "balances" four crucial views, was created by Drs. Robert Kaplan and David Norton. They co-authored five books, thirteen articles, and numerous other works during the course of a 20-year span.

To know more about balanced scorecard visit:

https://brainly.com/question/30049918

#SPJ4

Generally, technological advance is generated by the discovery of new Knowledge which allows Resources to be combined in improved ways to increase output.

To know more about technology here

https://brainly.com/question/2166344

#SPJ4

The economy is in a recession, according to the sticky pricing hypothesis (a), because not all prices adjust as quickly. Forms are able to increase their price adjustments over time, and the economy shifts back to the long term AS curve. (b) The speed of price expectations, wage changes, and price changes are key factors in each hypothesis.

The complete spectrum of services and goods produced throughout an economy at a specific average cost during a specific time period is known as aggregate supply, often referred to as total production. Real GDP, sometimes referred to as aggregate supply, refers to all of the output that businesses will produce and sell. The actual GDP (gross domestic product) output that companies will produce and sell at each price point is shown by the total supply curve.

A response to rising prices, aggregate supply occurs when businesses use more inputs to produce more output. The reasoning behind this is that if input costs remain constant while product costs increase, the corporation will profit more and have greater margins from producing and selling more.

A drop in aggregate supply is typically caused by an increase in production costs. Prices and inflation are under pressure to rise if overall supply declines but overall demand does not, or if inflation is "pushed" higher.

To know more about Aggregate Supply visit:

https://brainly.com/question/29349235

#SPJ4

Tangible, financial resources  is not true when considering all contextual factors while setting a price for your product or service. Any assets you have in your company with a physical form are considered tangible assets.

They include current assets like goods and cash as well as fixed assets like real estate, buildings, and product machinery. Equipment and inventory are examples of tangible assets, whereas valuable intangible assets are assets that cannot be touched (such as trademarks). Assets can be bought and sold and both tangible and intangible assets have value. A tangible asset's value can be determined more readily than an intangible asset. Tangible resources are defined as tangible assets, including money and material possessions like a company's real estate, machinery, and equipment.

To learn more about product, click here.

https://brainly.com/question/22852400

#SPJ4

According to the Fair Labor Standards Act of 1938, eligible employees must receive 1.5 times their regular rate of pay for every additional 40 hours they work.

The Fair Labor Rules Act (FLSA) specifies minimum wage, overtime compensation, recordkeeping, and youth employment standards that are applicable to both employees of the public and private sectors as well as those working for local, state, and federal governments. Law passed in 1938 that established requirements for child labour, record keeping, overtime compensation, and equal pay. employees involved in interstate commerce or those making items for it. Federal employment legislation known as the FLSA outlines employer responsibilities with regard to employee pay, hours, overtime, and child labour. Only businesses that undertake interstate commerce or have annual sales of at least $500,000 are subject to the FLSA. Overtime pay is available to workers in nonexempt positions.

To know more about Fair Labor Standards Act (FLSA) here:

https://brainly.com/question/28330826

#SPJ4

The chart below shows the FTSE 100 index from June 2016 (when the UK voted to leave the European Union) to June 2020. It shows a sharp decline in the index initially, followed by a steady recovery since then.

The European Union (EU) is an international organization of 28 European countries that work together to promote economic, social, and political cooperation among its members. The EU was established in 1993 with the signing of the Maastricht Treaty, which created a single market, the Eurozone, and a common currency, the Euro. The EU has become the largest economy in the world, and its members benefit from the free movement of goods and services, the free movement of capital, and the free movement of people across borders. The EU also works to ensure the safety and security of its citizens, combat climate change, and promote sustainable development. The EU works in cooperation with other international organizations to promote peace and stability around the world. The EU is committed to the rule of law and democracy, and strives to uphold human rights and the principles of the United Nations Charter.

To learn more about European union
https://brainly.com/question/29771421
#SPJ4

Life cycle management is the one that the company should consider analyzing.

Product Lifecycle Management (PLM) is the process used in business to manage a product's complete lifecycle, including its conception, engineering, design, and manufacture, as well as its servicing and disposal. PLM combines people, information, business systems, processes, and processes to give businesses and their extended enterprises a solid foundation for product information. PLM solutions assist businesses in overcoming the growing complexity and engineering difficulties involved in creating new goods for the highly competitive marketplaces throughout the world. It is important to distinguish between "product life-cycle management (marketing)" and "product life-cycle management (PLM)" (PLCM). One of the four pillars of an information technology system for a manufacturing business might be regarded as product lifecycle management. Every business must handle communications and information with its clients, suppliers, and fulfillment.

To learn more about management, visit:

https://brainly.com/question/29023210

#SPJ4

The case is related to Accounting Law. Rafi is most likely it of Liable for violating his fiduciary duty. Hence, Option B is the correct answer.

What is Accounting Law?

Theory Base of Accounting Law can be thought of as standard operating procedures for all accounting activities because they are fundamentally the fundamental concepts that support the theory base of accounting.

To guarantee consistency and uniformity in accounting records, several standards or principles that are universally accepted by the accounting profession have been developed. These restrictions are referred to as Accounting Law.

The Generally Accepted Accounting Principles, which have been developed over a period of time based on prior experiences, usages or conventions, statements by individuals and professional organisations, and regulations by governmental organisations, are accepted by the majority of accounting professionals.

Learn more about Accounting Law here:  https://brainly.com/question/28345482

#SPJ4

Backing up your suggestions with facts and evidence is the approach to submitting a recommendation to your boss focuses on a direct benefit.

Candidates that have prior expertise in a field associated with the opportunity they are applying for use professional recommendations. Professional endorsements give hiring employers proof of a candidate's skills, work ethic, and performance in the past. Provide instances of special abilities or credentials that are appropriate for the position.

The goal of recommenders is frequently summed up as "helping the users find relevant items," and the most common operationalization of this goal has been to concentrate on the capacity to numerically estimate the users' preferences for unseen items or to present users with item lists ranked in order of preference.

To learn more about recommendations, visit:

https://brainly.com/question/20630668

#SPJ4

Net Income for flexible budget  is $127,000, actual results is $141,000,   variances is $14,000 and  the result is favourable.

A fixed budget is a financial strategy without adjustments for changes in real activity. Due to the fact that it is simpler to create than a flexible budget, it is the form of budget that is most frequently employed. The only circumstances where a fixed budget is likely to come close to actual results are when costs are mostly fixed, so that expenses do not change as revenues fluctuate, or when the industry is not subject to much change, so that revenues are reasonably predictable, or when the company is in a monopoly situation, where customers are forced to accept its pricing. A flexible budget, which is intended to adjust in response to changes in activity levels, is the opposite of a set budget.

To solve the question :                                          

                                             LEWIS Co.

                          Flexible budget performance report

                                    For month ended May 31

                            Flexible budget  Actual results  Variances        Result

Sales                        $420,000           $435,000        $15,000         Fav

                               (1400*$300)

Variable expense   $168,000           $172,000           $4,000         Unfav

                               (1400*$120)

Contribution.

margin                      $252,000          $263,000         $11,000           Fav

Fixed cost                $125,000            $122,000          $3,000          Fav

Net Income             $127,000            $141,000          $14,000           Fav

To know more about, fixed budget, visit :

https://brainly.com/question/29766254

#SPJ4

When economics refer to "tight" monetary policy, they mean that the Federal Reserve is taking actions that will Decrease the demand for money.

Hence, Option B is correct.

To know more about Monetary Policy here

https://brainly.com/question/13926715

#SPJ4

The present value for all the future operating cash inflows will be closest to $452,300. The Option B is correct.

In finance, a cash inflow means the money going into a business which can be from sales, investments or financing. It is the opposite of cash outflow which means the money leaving the business.

Cash Flows

Year 0 =-$250,000 -$100,000 =-$350,000

Year 1 -3 = $80,000

Year 4 = $80,000 - $40,000 = $40,000

Year 5 = $80,000

Year 6 = $80,000 + $ 90,000 +$100,000 = $270,000

The present value for operating cash inflows:

= $80,000/1.1 + $80,000/1.1^2 + $80,000/1.1^3 + $40,000/1.1^4 + $80,000/1.1^5 + $270,000/1.1^6

=$428,350.36

Read more about cash inflows

brainly.com/question/27454259

#SPJ1

Answer:

profit and loss statement.

Explanation:

The statement "Account charges the COGS and other direct expenses and losses against the sales revenue to determine the gross operating result of the concern during a particular accounting period" describes the process of preparing a profit and loss statement, also known as an income statement.

A profit and loss statement is a financial statement that shows the revenues, costs, and expenses incurred by a business over a specific period of time, such as a month or a year. The purpose of a profit and loss statement is to show the profitability of a business by comparing its revenues to its expenses.

To prepare a profit and loss statement, a business typically starts by calculating its total sales revenue for the period. This includes all income received from the sale of goods or services. The business then subtracts the cost of goods sold (COGS) and any other direct expenses and losses from the sales revenue to determine the gross operating result. The gross operating result is also known as the gross profit.

The gross profit is then adjusted for other indirect expenses and losses, such as selling, general, and administrative expenses, to determine the net operating result or net profit. The net profit is the final result of the profit and loss statement and represents the profit or loss of the business for the period.

Therefore, the statement "Account charges the COGS and other direct expenses and losses against the sales revenue to determine the gross operating result of the concern during a particular accounting period" refers to the process of preparing a profit and loss statement.

The current year's operating expenses for Ina will cost $93,000.

To learn more about profitability refer to:

https://brainly.com/question/29241903

#SPJ4

Option (a), a company's or organization's petty cash is the cash on hand for making little payments, purchases, and reimbursements.

Petty cash is the money that businesses and other organizations maintain on hand for little payments, purchases, and reimbursements. It would be challenging or inconvenient to write a check or use a credit card for these transactions, which can be anticipated or unanticipated.

Use a petty cash reimbursement form to request compensation from a person or department that paid out of pocket for an unplanned departmental expenditure. The department manager must provide permission before the purchase is made.

The balance sheet's current assets segment includes petty cash. This is due to the balance sheet's line items being arranged according to their liquidity. Due to its high liquidity, petty cash might be seen near the top of the balance sheet.

Learn more about petty cash: https://brainly.com/question/17439772

#SPJ4