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dedylja [7]
3 years ago
10

Nolan is applying for a promotion within his company. The formal statement about the job says that he must have a four-year coll

ege business degree, have five years of experience with the sales force, have the ability to work under pressure, and have excellent communication and organizational skills. These statements, or ________, were made to ensure Nolan was the right person to fulfill the job's requirements.
A) job descriptionsB) job analysesC) job sharesD) job specificationsE) job forecasts
Business
1 answer:
Harman [31]3 years ago
5 0

Answer:

Job specifications

Explanation:

Two sets of statements usually accompany a new job offering when it is published - job descriptions and job specifications.

Job specifications detail the minimum academic qualifications and job-related experiences (among other information) required of an applicant for the job. Job specifications relates more to the ideal person for a job rather than the job itself. As such, job specifications include information relating to the education of an applicant, the minimum length of experience, specifications regarding previous roles and responsibilities, professional qualifications, skills, etc.

On the other hand, job descriptions describe the roles and responsibilities required of a person in role being advertised. It will include day-to-day activities to be carried our in the role, expectations in the role, and sometimes, key performance metrics.

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Evans Ltd. is now considering the possibility of offering a lifetime membership option to its subscribers. Under this proposal,
Ahat [919]

Answer: $329.75

Explanation:

The one year subscription is $40 per year. It is estimated that the average age of current subscribers is 38 and they will leave on average to 78. This means that they will leave for,

= 78 - 38

= 40 years

Evans Ltd  average interest rate on long-term debt is 12% so this means that we can use that 12% as a discount rate for the cash-flow expected.

I have attached a Present Value Interest Factor of an Annuity table to this question. It helps calculate annuities faster.

The above can be treated as an annuity because the $40 is constant every year.

The present value of the $40 over 40 years can be calculated by,

= $40 * present value Interest Factor of an Annuity for 40 years at 12% (look at the table for where 40 years on the y axis intersects with 12% on the x axis)

= $40 * 8.2438 (this is the figure when it is not rounded off to 3 dp)

= $329.752

= $329.75

This shows that the lifetime flat fee of $480 is more profitable for Evans Ltd as opposed to the yearly subscription. They should therefore try to sell more of the lifetime contract with the flat fee.

3 0
3 years ago
Amanda's Interior Design has credit sales of $783,000, costs of goods sold of $418,000, and average accounts receivable of $107,
posledela

Answer:

The 50.30 days are required to take its credit customers to pay for their purchases.

Explanation:

For computing the average collection period, we have to use the formula of the average collection period.

Average collection period = Average accounts receivable ÷ Credit sales × total number of days in a year

= $107,900 ÷ $783,000 × 365

= 0.13780 × 365

= 50.30 days

We assume 365 days in a year

The cost of goods sold is irrelevant. Thus, it is not considered in the computation part.

Hence, 50.30 days are required to take its credit customers to pay for their purchases.

5 0
3 years ago
The amount of accounts receivable that is actually expected to be collected is known as the:a.uncollectible accounts expense. b.
scoundrel [369]

Answer:

Net realizable value.....Option C

3 0
3 years ago
Corporate financing comes ultimately from:_______
zhannawk [14.2K]

Corporate financing comes ultimately from savings by households and foreign investors.

Option b

<u> Explanation: </u>

The respective government will formulate the corporate financing policy according to the economic need of the country. The economic policies will also device the rules and regulations for the corporate financing either in the way of banking institution or by foreign investment.

Corporate financing done by the banking institution will have the contribution from savings of households and another type of funding is foreign investment which is carried out by joint venture agreement. This way the country’s economy will mainly depends on corporate financing.  

3 0
3 years ago
Jacobsen Corporation prepares its financial statements applying U.S. GAAP. During its 2016 fiscal year, the company reported bef
maxonik [38]

Answer:

Jacobsen Corporation

Income from continuing operations of $621,000 will be reported.

Explanation:

The income from continuing operations is the same thing as the operating income.  It is the pre-tax income that is reported on Jacobsen Corporation's income statement for the year ended December 31, 2016.  The tax rate of 30% is applied on this figure to obtain the income tax expense for the year.  But, for Jacobsen that has other unusual items, these are taken into consideration before the income tax is imputed to obtain the after-tax income.

6 0
3 years ago
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