In: Economics
The minister of Agriculture claims: “during the last years we improved our technology of Agriculture production while the industry’s technology experienced no change”. The statistics evidence shows that the agriculture production was fixed during these years while the productivity of the industry has grown. Explain this result using the PPF model.
In: Economics
An economist estimates a 65% probability that the economy will expand next year. The technology sector has a 70% probability of outperforming the market if the economy expands and a 20% probability of outperforming the market if the economy does not expand. Given the new information that the technology sector will not outperform the market, what is the probability that the economy will not expand?
In: Statistics and Probability
mentoring will continue to grow through technological platforms and will become even more intertwined in information systems. Embracing the benefits that technology brings with mentorship is most likely the way of the future. Furthermore, technology allows a mentor/mentee relationship to occur virtually anywhere in the world with anyone. Thoughts and explain if agree or not
In: Operations Management
Using key concepts that articulate the impact of industrial technology on society as found in your reading materials and other elements of our course, describe the social and economic repercussions of inventions during the industrial revolution at the end of the 19th century and the social and economic repercussions of the revolution in technology at the end of the 20th century.
In: Economics
In: Psychology
In: Computer Science
Short Essay Directions: Please answers the below essay question to the best of your ability in no more than 4-6 sentences.
1. Technology in training can be both beneficial, as well as cause problems. Explain the advantages and disadvantages in training and explain how trainers should use technology.
In: Operations Management
The following are misstatements that can occur in the sales and collection cycle:
Misstatements
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1. A customer number on a sales invoice was transposed and, as a result, charged to the wrong customer. By the time the error was found, the original customer was no longer in business. |
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2. |
1A former computer operator, who is now a programmer, entered information for a fictitious sales return and ran it through the computer system at night. When the money came in, he took it and deposited it in his own account. |
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3. |
A nonexistent part number was included in the description of goods on a shipping document. Therefore, no charge was made for those goods. |
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4. |
A customer order was filled and shipped to a former customer, that had already filed for bankruptcy. |
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5. |
The sales manager approved the price of goods ordered by a customer, but he wrote down the wrong price. |
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6. |
A computer operator picked up a computer-based data file for sales of the wrong week and processed them through the system a second time. |
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7. |
For a sale, a data entry operator erroneously failed to enter the information for the salesman's department. As a result, the salesman received no commission for that sale. |
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8. |
Several remittance advices were batched together for inputting. The cash receipts clerk stopped for coffee, set them on a box, and failed to deliver them to the data input personnel |
Requirements
a. Identify the transaction-related management assertion(s) to which the misstatement pertains.
b. Identify one automated control that would have likely prevented each misstatement.
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Misstatement |
1-thur 8 match to the option |
Requirement A Choices Has 9 options Requirement B Has 6 options
Transaction Related Management Assertions Computer Based Control
Accuracy Check digital
Classification Scheduling of computer processing
Completeness Conversion verification
Completeness / Accuracy Cutoff procedures
Completeness / Cutoff Preprocessing review
Cutoff Control totals reconciled to manual
Occurrence / Accuracy
Occurrence / Cutoff
In: Accounting
the construction activity for the year-end 31 December 2020, are as follows:
| project | contract price | costs incurred to 31/12/2020 | estimated costs to complete | billing to 31/12/2020 | cash collections to 31/12/2020 |
| AB | $2,000,000 | $600,000 | $1,400,000 | $450,000 | $410,000 |
Required:
1) Prepare a schedule by project, showing clearly the amount of gross profit (loss) of the project before deducting selling, general, and administrative expenses for the year ended 31 December 2020 using the percentage-of-completion method. (based on estimated costs.)
2)Based on the schedule, show the amount of gross profit ( or loss) before selling, general, and administrative expenses for the year ended 31 December 2020, which would be reported if the following method are used:
(I) the cost-recovery method.
(II) The percentage-of-completion method ( based on estimated costs)
3) Prepare all the necessary general journal entries for the project AB for the financial year 2020, using the percentage-of-completion method.
In: Accounting