QUESTION 02<br> What is the meaning of the following words:<br> 2.1.1 Shackled.(1)

Suppose a basket of goods and services has been selected to calculate the consumer price index. In 2005, the basket of goods cos

scZoUnD [109]

Answer:

Correct option is C.

If the CPI is 156.25 in 2007, then 2005 is the base year.

Explanation:

The CPI js given by the formula:

Current year prices/base year prices x 100

Given the values in years 2005,2006 and 2007, of all the given options, option (c) if the CPI is 156.25 in 2007, then 2005 is the base year is corrrect. This is because calculating CPI for 2007 using the above formula and 2005 as base year gives us CPI as 156.25.

5 0

3 years ago

_____ ratios reflect the speed with which resources are converted to cash or sales.

Mekhanik [1.2K]

Activity ratios reflect the speed with which resources are converted to cash or sales.

Option E is correct answer .

Activity ratios :

Activity ratios measure how well a firm uses its assets. They reflect the speed with which resources are converted to cash or sales. A frequently used activity ratio is inventory turnover. The inventory turnover ratio measures the speed with which inventory moves through the firm and is became sales.

What is a high activity ratio?

A high ratio indicates that a corporation is using its total assets very efficiently or that it does not own many assets, to start with. a coffee ratio indicates that too much capital is tied up in assets and that assets are not being used efficiently in generating revenue.

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6 0

2 years ago

union contracts dictate many of the terms and conditions of the employment relationship and can influence both what must and can

In-s [12.5K]

The statement is True, as union contracts dictate many of the terms and conditions of the employment relationship and can influence both what must and can be included in a job offer.

<h3>What are Union contracts?</h3>

A union contracts is a type of written agreement between the employer and the employees which gives information about the details of terms and benefits in a clear and legal binding way. Employee benefits is one of the most crucial and important element of union contracts. The different types of benefits include health insurance, dental or vision insurance, pension and life insurance.

<h3>What are Labour Union Contracts?</h3>

Labour union contracts are different types of unilateral, bilateral, agreements between the labor union and the employer. Labour agreements are called Collective bargaining agreement. Labour union agreement consists of various components including detail agreements on wages, benefits, working schedule, The National Labour Acts govern the collective bargaining process.

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8 0

1 year ago

A manager doing performance appraisals gives more weight to recent employee behaviors than to behaviors of 6 or 9 months earlier

stiv31 [10]

Answer:

The correct answer is letter "B": availability.

Explanation:

Availability bias or availability heuristic refers to individuals tending to relate the easiest judgment they can recall about a certain matter as its most suitable metric and even a metric that could predict future behavior on that topic. This happens because those people make assumptions based on what they can remember of that matter which might not be necessarily the most accurate input about it.

Therefore,<em> if a manager is measuring performance only placing focus on employees' recent and not past behavior, the manager is implementing availability bias.</em>

7 0

3 years ago

The following transactions took place for Parker's Grocery a. Jan. 1 Loaned $46,000 to a cashier of the company and received bac

Fed [463]

Answer:

The journal entries are as follows:

(a) On January 1,

Note receivable A/c Dr. $46,000

To cash $46,000

(To record the note receivable)

(b) On June 30,

Interest receivable A/c Dr. $2,070

To Interest revenue $2,070

(To record the accrued interest on note)

Workings:

Time period: From 1st January to 30th June = 6 months

Interest revenue:

= $46,000 × 9% × (6/12)

= $2,070

(c) On December 31,

Cash A/c Dr. ($2,070 + $2,070) $4,140

To interest receivable $2,070

To interest revenue $2,070

(To record the interest received on note)

(d) On December 31,

Cash A/c Dr. $46,000

To Notes receivable $46,000

(To record the principal received on the note)

8 0

3 years ago

QUESTION 02 What is the meaning of the following words: 2.1.1 Shackled.(1)