Complete Question:
Which corporation has a so-called "revolving door" regarding the number of former employees working in the economic sectors of various administrations?
A) AIG
B) Goldman Sachs
C) JP Morgan Chase
D) Citigroup
Answer:
The corporation that has the so-called "revolving door" regarding the number of former employees working in the economic sectors of various administrations is:
B) Goldman Sachs
Explanation:
"Revolving door" refers to the ease that former employees can move from the private sector to the public sector and vice-versa. Several Goldman Sachs former employees have left the corporation to work in various government positions. Many of these employers argue that they have taken advantage of their expertise rather than their connections to move from one sector to another. Others argue that they bring in invaluable knowledge and skills to bear upon policy formations and other regulatory roles.
Answer:
Cash Receipt Budget
Cash receipt budget shows the sales of cash and credit. It also shows the frequency of the payment of credit sales by the customer.
5% of noncollectable will not be recorded in the cash receipt. Calculate GS's scheduled cash receipts for the month of September as shown below:
GS Cash receipt Budget For September month
Sales = $170,000
Cash sales (0.4 × $170,000) = 68,000
Collections of prior month's Receivables ($150,000 x 0.55) = 82,500
Total cash receipts = $150,500
Working Notes
Cash sales are 40 percent of total sales.
55 percent of previous month receivables are received in the current month. As such, receivables pertaining to August is received in September.
Therefore, GS's budgeted cash receipts for the month of September is computed as $150,500
Answer:
uncertainty
Explanation:
Uncertainty basically means an occurrence is lacking in assurance or certainty. Uncertainty in accounting refers to the inability to predict outcomes or results, because there is a lack of knowledge or foundations from which to create some assumptions.
The concept is often commonly used by the financial reporting, particularly given that there are many things outside the influence of a business that can significantly affect its activities. Because financial choice taking during times of uncertainty is much harder, many business owners avoid making one to avoid creating issues.
Answer:
1. Companies using FIFO will report the highest gross profit and net income.
2. Companies using FIFO will report the smallest cost of goods sold.
3. Weighted average cost of goods sold will be between FIFO and LIFO costs of goods sold.
4. Companies using FIFO will pay higher taxes than companies using LIFO, assuming all else being equal.
Explanation:
If costs are rising, companies using FIFO will report higher profits simply because they calculate cost of goods sold based on the oldest products which were purchased at a lower cost.
FIFO and LIFO costs will be the extreme points, FIFO showing lowest costs while LIFO will result in the highest costs, while the weighted average will be in between.
Since companies using FIFO report higher profits, they will have to pay more taxes.
The degree to which people identify with their jobs and consider their perceived performance levels important to self-worth is Job involvement. This is further explained below.
<h3>What is
Job involvement?</h3>
Generally, Job involvement is simply defined as the extent to which a person's employment is a part of his or her identity.
In conclusion, Job engagement is the degree to which individuals connect with their employment and believe their perceived performance levels to be vital to their self-worth.
Read more about Job involvement
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