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3 years ago

For how long should a certified personal trainer maintain accurate contract and appointment records?

1 answer:

5 0

Correct/Complete question: For how long should a certified personal trainer maintain accurate contract and appointment records?

a. 3 years

b. 4 years

c. 2 years

d. 1 year

Answer:

4 years

Explanation:

A certified personal trainer is expected to maintain accurate record of contracts and appointment for at least 4 years before discarding them so as to be able to use them for future assessment or reference purposes. These records are kept in both soft and hard copies. the hard copies can be recycled after 4yeasr at least while the soft copies are kept in a database which can last for almost forever.

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Following is a partial process cost summary for Mitchell Manufacturing's Canning Department.

Liono4ka [1.6K]

Answer:

$206,080

Explanation:

Total conversion costs transferred out of the Canning Department:

= Units Completed and transferred out * Cost per equivalent unit

= 56,000 * $3.68

= $206,080

So, the total conversion costs transferred out of the Canning Department equals $206,080

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3 years ago

ACTION STEPS (What will be done) Step 1 Plann Step 2 4 Step 3 rll 의 Step 4 Step 5 Pa complete (5)

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3 years ago

Pastner Brands is a calendar-year firm with operations in several countries. As part of its executive compensation plan, at Janu

LenaWriter [7]

Answer:

Pastner Brands

a. Compensation expense related to the options to be recorded each year, allocated with separate tranches:

Vesting Date Amount Vesting Fair Value Compensation

per Option Expense

Dec. 31, 2018 25% = 80,000 $4.00 $320,000

Dec. 31, 2019 25% = 80,000 $4.40 352,000

Dec. 31, 2020 25% = 80,000 $4.80 384,000

Dec. 31, 2021 25% = 80,000 $5.60 448,000

Total 100% 320,000 $1,504,000

b. Compensation expense related to the options, allocated using the straight-line method:

= $376,000

Explanation:

a) Data and Calculations:

Executive stock options issued = 320,000

Options exercise price = $28 per share

Number of tranches for the options = 4

Number of options exercisable in each tranche = 80,000

Vesting Date Amount Vesting Fair Value Compensation

per Option Expense

Dec. 31, 2018 25% = 80,000 $4.00 $320,000 (80,000 * $4.00)

Dec. 31, 2019 25% = 80,000 $4.40 352,000 (80,000 * $4.40)

Dec. 31, 2020 25% = 80,000 $4.80 384,000 (80,000 * $4.80)

Dec. 31, 2021 25% = 80,000 $5.60 448,000 (80,000 * $5.60)

Total 100% 320,000 $1,504,000

Compensation expense, using the straight-line method = $376,000 ($1,504,000/4)

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3 years ago

True or False: If Jake's Fire Engines were a competitive firm instead and $75,000 were the market price for an engine, decreasin

nirvana33 [79]

Answer:

False

Explanation:

If Jake decides to increase total sales volume by decreasing the price of its engines, the decrease in price is too large compared to the increase in quantity demanded. The number of engines sold will increase from 5 to 6 (1 more unit) while the price of each engine will decrease from $75,000 to $50,000.

In this scenario, engines are price inelastic:

PED = % change in quantity demanded / % change in price = [(6 - 5) / 5] / [($50,000 - $75,000) / $75,000] = (1 / 5) / ($25,000 / $75,000) = 0.2 / 0.33 = 0.6

when PED is less than 1, the demand is inelastic. This means that a decrease in price will result in a smaller proportional increase in quantity demanded.

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3 years ago

Christie makes changes to her budget at the end of every month. What is her reason for doing this in terms of smart financial pl

Tems11 [23]

Answer:

The correct answer is letter "B": She is reviewing her goals and aligning the budget to work toward them.

Explanation:

Smart financial planning is the strategy by which individuals or corporations adjust their budgets according to the current situation they face. The adjustments are done as many times as necessary to accomplish the goals those individuals or firms have set.

In Christie's case, the reason why she adjusts her budget by the end of every month is that she needs to match her expenses with her objectives so she can reach them.

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3 years ago

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