The December 31, 2019, balance sheet of Tybee Corporation is provided below (in millions).
Assets Liabilities and Shareholders’ Equity
Cash $ 36 Accounts payable $ 4
Accounts receivable 15 Interest payable 3
Supplies 6 Unearned revenue 16
Equipment 60 Note payable 20
Less: Acc. Dep.(12) 48 Contributed capital 50
Retained earnings 12
Total $105 Total $105
Transactions during 2020:
 Paid $5 for employee wages.
 Collected $10 cash from customers for work previously performed and billed.
 Purchased $2 of supplies for cash.
 Paid $3 to a vendor for supplies previously purchased on credit in December 2019.
 Paid the interest owed as of December 31, 2019.
 Completed $18 in services for customers, receiving 50 percent payment in cash and
billing the remainder.
 Paid a cash dividend of $3.
Prepare journal entries.
As of 12/31/2020:
 Had performed 25 percent of the services for which it had been paid in advance.
 Owes $3 for interest that will be paid next month.
 Depreciated equipment in the amount of $4.
 Physical count of supplies reveals $3 on hand.
Prepare adjusting entries. Then provided an income statement, statement of retained earnings, and balance sheet pls! :)

Answers

Answer 1

Journal entries: 1. Paid $5 for employee wages.

  Debit: Wages Expense = $5

  Credit: Cash = $5

2. Collected $10 cash from customers for work previously performed and billed.

  Debit: Cash = $10

  Credit: Accounts Receivable = $10

3. Purchased $2 of supplies for cash.

  Debit: Supplies = $2

  Credit: Cash = $2

4. Paid $3 to a vendor for supplies previously purchased on credit in December 2019.

  Debit: Accounts Payable = $3

  Credit: Cash = $3

5. Paid the interest owed as of December 31, 2019.

  Debit: Interest Expense = $3

  Credit: Interest Payable = $3

6. Completed $18 in services for customers, receiving 50 percent payment in cash and billing the remainder.

  Debit: Cash = $9

  Debit: Accounts Receivable = $9

  Credit: Revenue = $18

7. Paid a cash dividend of $3.

  Debit: Dividends = $3

  Credit: Cash = $3

Adjusted journal entries:

1. Recognized that 25 percent of the services for which advance payment was received have been performed.

  Debit: Unearned Revenue = $4

  Credit: Revenue = $4

2. Recorded the accrued interest of $3 that will be paid next month.

  Debit: Interest Expense = $3

  Credit: Interest Payable = $3

3. Depreciated equipment in the amount of $4.

  Debit: Depreciation Expense = $4

  Credit: Accumulated Depreciation = $4

4. Conducted a physical count of supplies, revealing $3 on hand.

  Debit: Supplies Expense = $3

  Credit: Supplies = $3

Adjusted trial balance:

Debits          Credits

Cash                      $49

Accounts Receivable      6

Supplies                  3

Equipment                56

Less: Accumulated Depreciation    (16)

Accounts Payable          7

Interest Payable          6

Unearned Revenue          12

Note Payable              20

Contributed Capital       50

Retained Earnings         16

Revenue                   22

Wages Expense             5

Supplies Expense          3

Depreciation Expense      4

Interest Expense          6

Dividends                 3

Total                    $122          $122

Income statement:

Revenue                      $40

Wages Expense              (5)

Supplies Expense           (3)

Depreciation Expense       (4)

Interest Expense           (6)

Net Income                  $22

Statement of retained earnings:

Retained earnings, December 31, 2019      $12

Add: Net Income                          22

Less: Dividends                         (3)

Retained earnings, December 31, 2020      $31

Balance sheet:

Assets

Cash                                    $49

Accounts Receivable                       6

Supplies                                  3

Equipment                                56

Less: Accumulated Depreciation          (16)

Total assets                             $98

Liabilities and Shareholders' Equity

Accounts payable                          $7

Interest payable                          6

Unearned revenue                         12

Note payable                             20

Contributed capital                       50

Retained earnings                         31

Total liabilities and shareholders' equity $98

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Related Questions

Product ABC has a contribution margin per unit of $10.00. Each unit of ABC requires 5 minutes of machine time. Product XYZ has a contribution margin per unit of $15.00 and each unit requires 10 minutes of machine time. If the company's constraint is machine hours, to maximize profit, they should first fill the demand for____.

Answers

Answer:

Product ABC

Explanation:

Calculation to determine the maximize profit, they should first fill the demand for if the company's constraint is machine hours.

Product ABC's CM per unit= $10/5 minutes

Product ABC's CM per unit=$2 per minute of machine time

Product XYZ's CM per unit=$15/10 minutes

Product XYZ's CM per unit= $1.50 per minute of machine time

Therefore If the company's constraint is machine hours, to maximize profit, they should first fill the demand for PRODUCT ABC because it has the HIGHEST CM PER UNIT.

What is the study of the way things should be, rather than how they are?

macroeconomics
macroeconomics

normative economics
normative economics

positive economics
positive economics

microeconomics
microeconomics

Answers

Answer:

Normative economics

Explanation:

It deals with objective fairness on what a system or economic policy should be.

Answer:

Normative: how the world ought to be.

Positive:  describes how the world currently is.

Explanation:

yea lol

g suppose you purchased a stock a year ago. today, you receive a dividend of $15 and you sell the stock for $113. if your return was 10%, at what price did you buy the stock?

Answers

So you purchased the stock for approximately $116.36

Let's call the price you purchased the stock "P".

We know that you received a dividend of $15, which represents a yield of 15/P.

We also know that you sold the stock for $113, which means that your total return was $15 (from the dividend) plus ($113 - P) (from the capital gain).

We're told that your return was 10%, which means that:

0.10 = ($15 + $113 - P) / P

Simplifying this equation, we can multiply both sides by P to get:

0.10P = $15 + $113 - P

1.10P = $128

Therefore, the price you purchased the stock for (P) was:

P = $128 / 1.10

P = $116.36 (rounded to two decimal places).

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Select the correct location on the image.

Which box on a W-4 notes an employee's filling status?

Select the correct location on the image.Which box on a W-4 notes an employee's filling status?

Answers

Box number 3 on a W-4 notes an employee's filling status?

What is a W-4?

An IRS form known as a W-4, also known as a "Employee's Withholding Certificate," instructs employers how much tax should be deducted from each employee's paycheck. Employers utilize the W-4 to calculate some payroll taxes and remit the taxes on behalf of employees to the IRS and the state (if applicable).

If your employer already has a copy of your W-4 form on file, you do not need to fill one out again. Additionally, you are not required to complete a new W-4 annually. But you'll probably need to complete a new W-4 if you start a new employment or wish to change the withholdings at your current position. In either case, it's a good justification for reviewing your withholdings.

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What are special interest groups and what are they trying to achieve?.

Answers

A special interest groups is the group of people with policy goals who work for specific cause within the political process.

A special interest groups is the community of the people within the larger are of the organization in which people shared the interest in advancing a specific knowledge , learning or technology. special interest groups support the candidates but do not run for the office.

Thus, it is an organization of people with the similar policy goals that tries to influence the political parties to try to achieve their goal.  they are support to the particular cause. and tries to satisfy the interest.

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Problem 1: On April 01, 2016 Anees started business with Rs. 100,000 and other transactions for the month are: 2. Purchase Furniture for Cash Rs. 7,000. 8. Purchase Goods for Cash Rs. 2,000 and for Credit Rs. 1,000 from Khalid Retail Store. 14. Sold Goods to Khan Brothers Rs. 12,000 and Cash Sales Rs. 5,000. 18. Owner withdrew of worth Rs. 2,000 for personal use. 22. Paid Khalid Retail Store Rs. 500. 26. Received Rs. 10,000 from Khan Brothers. 30. Paid Salaries Expense Rs. 2,000 Required: Prepared general journal

Answers

Answer:

General Journal

April 01

Cash Rs. 100,000 (debit)

Capital Rs. 100,000 (credit)

Owner invest cash in the business

April 02

Furniture Rs. 7,000 (debit)

Cash Rs. 7,000 (credit)

Cash Purchase of Furniture

April 08

Merchandise Rs. 3,000 (debit)

Cash Rs. 2,000 (credit)

Accounts Payable : Khalid Retail Store  Rs. 1,000 (credit)

Cash and credit purchases made

April 14

Accounts Receivables : Khan Brothers  Rs. 12,000 (debit)

Cash Rs. 5,000 (credit)

Sales Revenue Rs. 17,000(credit)

Cash and credit sales

April 18

Drawings Rs. 2,000 (debit)

Cash Rs. 2,000 (credit)

Owner withdraws cash from business for personal use

April 22

Accounts Payable : Khalid Retail Store  Rs. 500 (debit)

Cash Rs. 500 (credit)

Payment made to supplier Khalid Retail Store

April 26

Cash Rs. 10,000 (debit)

Accounts Receivables : Khan Brothers  Rs. 10,000 (credit)

Receipts from customer Khan Brothers

April 30

Salaries Expense  Rs. 2,000  (debit)

Cash  Rs. 2,000  (credit)

Salaries paid

Explanation:

See the journals and their narrations prepared above for Anees` business.

What is a trade off.

Answers

Answer:

the exchange of something valuable

Explanation:

Answer:

A trade-off is exchange something of value, especially as part of a compromise.

Explanation:

What range of interest rate on a
traditional loan can a company in good
financial standing expect from a bank?
A. 1% up to 10%
B. 15% up to 25%
C. 30% up to 45%
D. 50% and up.

Answers

The correct answer is B

working in outsourcing teams, projects can be completed faster and more cheaply. question 2 options: true false

Answers

The statement working in outsourcing teams can lead to projects being completed faster and more cheaply is true because outsourcing allows companies to access specialized expertise, allocate resources efficiently, and potentially reduce labor costs.

Outsourcing is the practice of hiring an external company or individual to perform a business function or service that would otherwise be performed in-house. This could include functions such as accounting, customer service, manufacturing, software development, and many others.

Working in outsourcing teams can often lead to faster and more cost-effective project completion due to the ability to access specialized skills and expertise, as well as the ability to scale resources up or down as needed. Additionally, outsourcing teams may be able to work around the clock in different time zones, allowing for 24/7 project progress.

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L&L, a beverage company, has launched a new energy drink. It sponsors a marathon in the city as part of its promotional strategy. It also issues a press release about the sponsorship and persuades media reporters of different newspapers to print it. L&L is generating _______.

Answers

If it sponsors a marathon in the city as part of its promotional strategy. L&L is generating publicity.

What is publicity?

Publicity can be defined as a form of product awareness as it enables a company to create awareness or advertise their product to potential customers.

Monst companies tend to make use of publicity as a form of of brand promotion as well as sales promotion.

Therefore L&L is generating publicity.

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Which of the following food systems career opportunities has the highest job growth rate?
butchers
chefs
food scientists
bakers

Answers

Answer: chefs has highest job growth rate
Chefs has the highest growth rate

The INS, or Immigration and Naturalization Service, was reorganized in 2003 and became incorporated into _____.


the Department of Homeland Security

the U.S. Marshals Service

the National Security Council

the Justice Department

Answers

Answer: the department of homeland security

Explanation:

PLEASE HELP ASAP!!! I'll MARK BRAINLIEST!! FOR CAREER!!
1. Nara learned about prototyping, feedback, and testing as part of her biomedical engineer career. She is considering changing careers. Could she apply these concepts in a different career? Give one example of how Nara could use prototyping, feedback, and testing in a career.

2. Imagine you’re a human resources manager interviewing applicants for two jobs: IT security specialist and web developer. Could you hire one person to do both jobs? Why or why not? Describe the skills and personal qualities that candidates for each job should have.

3. If you work as a human resources manager, you’ll need a well-developed sense of empathy in order to succeed. How could you explain that part of your job to a new employee? Would empathy be important if you worked in a different career? Explain.

4. General contractors must make decisions based on ethics and safety. What other careers require people to follow safety regulations? Do the regulations protect the public, workers, companies, or a combination of these? How do the regulations compare to the safety guidelines you might follow in your everyday life, such as seat belt rules or lab rules in science class?

5. Helena is considering a new, full-time job at a construction company that’s part of a union. She’d make $20 per hour and earn a salary of about $40,000 per year. The union would charge her two and a half times her hourly wage. So her monthly union dues would be $50. What would her union dues be per year? Would it be worth it? Should she take the job? Explain why or why not.

Answers

Yes, Nara may use the ideas of testing, feedback, and prototyping in a different line of work.

What is prototyping?

Design teams experiment with, bring to life, and iterate on ideas through the process of prototyping, which can involve everything from digital designs to paper ideas. A prototype is fundamentally an early rendition of a design that enables users to engage with it or envision it before a finished product is created.

For instance, if Nara decided to pursue a career in software development, she might utilize prototyping to produce early iterations of the program and collect user input to enhance it. The program could then be tested to make sure it functions as intended and any problems could be fixed.

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1.
In 2016, a market had sales of £350.000. In 2017, the market grew by 5%.
Calculate the new market size in sales value.

Answers

Answer:

The new market size in sales value is 367,500

Explanation:

Answer:

£367,500

Explanation:

the market was £350,000 in 2016.

in 2017, the market grew by 5%.

the new market size will 5% more than 2016.

if 2016 was 100%, 2017 will be 105%

2017 = 105% x £350,000

=105/100 x £350,000

=1.05 x £350,000

=£367,500

The sources of power that originate mostly from a person's formal position in an organization include ______ power. (Check all that apply.)

Answers

The sources of power that originate mostly from a person's formal position in an organization include legitimate power and coercive power.

1. Legitimate power: This type of power is derived from a person's position or title within an organization. It gives the individual the authority to make decisions and give orders to others, and it is typically recognized and accepted by subordinates.

2. Coercive power: This type of power is based on the ability to punish or impose negative consequences on others. It is often associated with the use of threats, discipline, or other forms of punishment to compel compliance.

Other sources of power that may originate from a person's formal position include reward power (the ability to provide incentives or rewards for desired behavior) and informational power (the possession of knowledge or expertise that is valued by others). However, these are not as closely tied to a person's formal position as legitimate and coercive power.

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_____________ teams are those whose members are quite dissimilar to one another.

Answers

C) Heterogeneous teams are those whose members are quite dissimilar to one another.

Heterogeneous teams are those whose members are quite dissimilar to one another. In such teams, individuals come from diverse backgrounds and possess varying skills, experiences, and perspectives, resulting in a rich mix of ideas and problem-solving approaches. This diversity within the team can lead to increased creativity, innovation, and better decision-making.

Informal teams are typically temporary groups formed to address specific issues or for social purposes. They are not formally structured and may not have clear roles or responsibilities assigned to their members. While informal teams can also be diverse or homogeneous, this term does not specifically address the similarity or dissimilarities of the team members.

Lastly, project teams are formed for a specific purpose, typically to complete a project or achieve a particular goal. These teams are characterized by a defined timeline, structure, and specific roles for team members. Project teams can be either homogeneous or heterogeneous, depending on the composition of the team members.

In summary, heterogeneous teams are those whose members are quite dissimilar to one another, leading to a diverse mix of ideas and problem-solving approaches that can enhance creativity and innovation. Therefore, the correct option is C.

The question was incomplete, Find the full content below:

_____________ teams are those whose members are quite dissimilar to one another.

a) Homogeneous

b) Informal

c) Heterogeneous

d) Project

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Jaiden is in 6th grade and plans to attend college. He has created a college preparation plan. 1. He will fill out the FAFSA form and send it in immediately. 2. He will ask his parents if they have a college savings account. 3. When he gets to high school, he will start trying harder in school so he can qualify for academic scholarships. 4. During his last year of high school, he will get involved in sports and clubs he enjoys to qualify for scholarships. 5. Upon graduation, he will start saving money for college. Which statements identify errors in Jaiden’s plan? Check all that apply. He should wait until his last year in high school to fill out the FAFSA. He should start saving right away. It is never too early to start a savings account. He should work hard throughout middle school and high school or it might be too difficult for him to excel later, since bad habits are hard to break. He should try different sports and clubs in middle school and early high school. Then he should pick his favorites and invest more time in them. While in high school, he should quit all extracurricular activities so he can work more hours and save money. He should ask all his friends and neighbors to contribute to his college fund so it will grow faster.

Answers

Answer:

-He should wait until his last year in high school to fill out the FAFSA.

-He should start saving right away. It is never too early to start a savings account.

-He should work hard throughout middle school and high school or it might be too difficult for him to excel later, since bad habits are hard to break.

-He should try different sports and clubs in middle school and early high school. Then he should pick his favorites and invest more time in them.

Explanation:

Answer:

1

4

5

I did the test and pretty sure i got it correct

a bank promises to pay 5.5% pa compound interest on deposits of £2337 if saved for 3 years. how much will the savings be worth at the end of the period mentioned? write your answer correct to 2 decimal places.

Answers

Answer:

£2,744.20

Explanation:

savings amounts after 3 years can be calculated using the formula below.

A = P x ( 1 + r) ^ n

Where A is the amount after three years

P = principal amounts:  £2337

r: interest rate: 5.5% or  0.055

n is the number of periods: 3 years

A =£2337 x( 1 + 0.055)^3

A =£2337 x(1.055) ^3

A=£2337 x 1.174241

£2,744.20

Amount after 3 years will be £2744.20

What does making a good decision mean?? How can I make a good decision?

Answers

Answer:

A good decision is one that is made deliberately and thoughtfully, considers and includes all relevant factors, is consistent with the individual’s philosophy and values, and can be explained clearly to significant others.

Ways to make good decision:

Set Aside Time to Reflect on Your MistakesStop Thinking About the ProblemFrame Your Problems In a Different WayIdentify the Risks You TakeTake Note of Your OverconfidenceTalk to Yourself Like a Trusted FriendLabel Your EmotionsAcknowledge Your ShortcutsConsider the Opposite

A US based company is attempting to merge with a French National conglomerate. With IFRS and GAAP being so different, what would be some of the challenges the two sides may face with the merger from an accounting standpoint?

Answers

The merger between a US-based company and a French National conglomerate can pose several challenges from an accounting standpoint due to the differences between International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP). Some of the challenges they may face include:

Accounting Principles: IFRS and GAAP have different underlying principles and concepts. IFRS is principles-based, emphasizing substance over form, while GAAP is rules-based, providing specific guidelines for various transactions. The differences in accounting principles can lead to variations in the recognition, measurement, and presentation of financial information.

Financial Statement Presentation: IFRS and GAAP have different requirements for financial statement presentation. The formats and classifications of items on the balance sheet, income statement, and cash flow statement may vary between the two sets of standards. This can make the comparison and consolidation of financial statements challenging.

Revenue Recognition: IFRS and GAAP have differing guidance on revenue recognition, particularly in areas such as the timing of revenue recognition, multiple-element arrangements, and percentage-of-completion method for long-term contracts. Aligning the revenue recognition policies of the merging entities can be a complex task.

Valuation of Assets and Liabilities: IFRS and GAAP may have different rules for the valuation of assets and liabilities, such as inventory, property, plant, and equipment, intangible assets, and financial instruments. Differences in valuation methodologies can impact the reported values of assets and liabilities, which can have implications for financial ratios, financial performance, and tax implications.

Business Combinations and Goodwill: IFRS and GAAP have different requirements for accounting for business combinations and the subsequent treatment of goodwill. For example, IFRS allows for the option of measuring goodwill at cost or using the impairment model, while GAAP follows a more strict impairment-only model. This can result in differences in the recognition and measurement of goodwill and the related impact on financial statements.

Disclosures: IFRS and GAAP have varying disclosure requirements, with differences in the level of detail and specific disclosures mandated for certain transactions and events. Harmonizing the disclosure requirements can be a complex task to ensure compliance with both sets of standards.

These are just a few examples of the challenges that may arise during the merger process from an accounting standpoint. It is crucial for the merging entities to have a thorough understanding of the differences between IFRS and GAAP and work closely with accounting professionals and advisors to address these challenges effectively and ensure accurate financial reporting and compliance with relevant regulations.

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_______ will help you maintain good credit.

Answers

Paying your Bills on Time will help you to maintain good credit.

Why do one need to Pay Bills on Time?

The act if paying one's credit card bills and other forms of loans on time is very vital.

Mostly  because  late or missed payments could lead to a dip in one's credit score. If one is not totally concerned about missing a due date, it is better to have a form of automatic bill payment that can help one  to stay on top of one's account payments.

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Answer: lowering your balances

from Latin America for a position in Brazil is an example of ________.
A) global staffing approach
B) ethnocentric staffing approach
C) regiocentric staffing approach
D) polycentric staffing approach

Answers

The scenario mentioned where someone from Latin America is being hired for a position in Brazil is an example of regiocentric staffing approach. Option c is correct.

A regiocentric staffing approach focuses on hiring employees from a specific region or group of countries. This strategy allows for a better understanding of the local market, culture, and business practices.

By hiring someone from Latin America for a position in Brazil, the company is utilizing a regiocentric approach as both countries are within the same region. This approach is beneficial because it ensures that the staff has a regional perspective and can adapt to local conditions, while still maintaining a connection to the company's global strategy.

Therefore, option c is correct.

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23 tion 5 Pososomes Economists say that the allocation of resources is efficient if a. sellers' costs are minimized. Ob. consumer surplus is maximized. c. total surplus is maximized. Od. producer surp

Answers

The most effective resource allocation is indicated by a maximization of total surplus. The objective of resource allocation in microeconomics is to ensure that a society's scarce resources are distributed as efficiently as feasible.

There are two main approaches to achieving the goal of resource allocation, namely, the market and the administrative systems. There are three criteria that economists frequently employ to determine resource allocation efficiency, including total surplus maximization, consumer surplus maximization, and producer surplus maximization.Consumer surplus is the amount of money that consumers are willing to pay for a commodity compared to the price they are willing to pay for it.

Producer surplus is the amount of money that producers make by selling a product for more than the price they would have been willing to accept for it. If producers receive more than they would have willingly accepted, a producer surplus exists.Therefore, total surplus maximization is the criterion that economists usually use to decide whether a resource allocation is effective or not. This means that a resource allocation is efficient if it generates the highest possible total surplus, which is equal to the sum of the consumer and producer surpluses.

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why do most people invest in the stock market?

Answers

Because many people invest in stocks simply because the odds are in their favor that over time, the market will go up and earn them money.

Answer:

To make profit

"What a given group of people appreciates" are their ___________. A. Cultural contexts b. Culture shock c. Cultural education d. Cultural values Please select the best answer from the choices provided A B C D

Answers

Answer:

d. Cultural values

Explanation:

Cultural values are the values and norms that are followed by a distinct society or a group of people. In other terms, values and norms developed within the society to form its basis are said to be the cultural values. The people believe, follow, and appreciate the values. They help in defining the ways of living and leading the life. The behavior, nature, and thinking of the society is influenced or structured as per the cultural values.

Answer:

D

Explanation:

I just took the assignment

In the course of the communication process, which of the given steps logically follows after the listener receives the message sent by the communicator?

Answers

Answer:

b. Interpreting the message

Explanation:

As we know that the communication process involves sender, encoding, message, receiver, decoding and feedback

After the listener received the message sent by the communicator the step that is followed is message interpreted that means how the message would be interpreted it would be the same as the sender send to the receiver or it would be in understanding in a different way

Hence, the correct option is b.

A travel agent needs to communicate with all
of the following EXCEPT which one when
planning out a trip for a client?
A. the client themself
B. the hotel registration
C. the flight attendant
D. the rental-car agency

A travel agent needs to communicate with allof the following EXCEPT which one whenplanning out a trip

Answers

Answer:

The flight attendant.

Explanation:

the central bank can reduce the level of credit by

Answers

Answer:it can increase the reserve requirements

Explanation:

True or false: nonmanagerial employees do not formally supervise other employees.

Answers

Non-managerial employees formally don't supervise or monitor other employees. The given statement in this question is true.

Non-managerial employees don't formally supervise other employees, they mostly work in a team and are supervised and managed by managerial positions. As a function of their employment managerial employees are tasked with planning, policy-making, and training and supervising other employees (both lower management and non-managerial employees).

Whereas non-managerial employees have either very limited or no formal supervisory duties. They have specific functions based on whatever department of the organization they fall under and are only obligated to carry those out.

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what is the average monthly consumption, and for which values of t is the rate at time t equal to the average rate?

Answers

To find the average monthly consumption, we need to calculate the total consumption over a given period of time and then divide it by the number of months in that period. Let's assume that we have data on the monthly consumption of a particular item for the past year (12 months).

We can find the total consumption by adding up the monthly consumption values:
Total Consumption = Monthly Consumption for Month 1 + Monthly Consumption for Month 2 + ... + Monthly Consumption for Month 12
Once we have the total consumption, we can calculate the average monthly consumption by dividing it by the number of months:
Average Monthly Consumption = Total Consumption / 12
For example, if the total consumption over the past year was 120 units, then the average monthly consumption would be:
Average Monthly Consumption = 120 / 12 = 10 units per month
Now, let's move on to the second part of the question. We are asked to find the values of t for which the rate at time t is equal to the average rate. To do this, we need to know the formula for the rate at time t.
Assuming that the rate is given by a function f(t), we can write:
f(t) = (change in consumption) / (change in time)
In other words, the rate at time t is the slope of the consumption function at that point. If the consumption function is linear, then the rate is constant and equal to the slope of the line.
To find the values of t for which the rate is equal to the average rate, we need to set the rate function equal to the average rate and solve for t:
f(t) = 10 (units per month)
(change in consumption) / (change in time) = 10
(change in consumption) = 10 (change in time)

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