The appropriate journal entry to record the transactions from the purchase through the end of the year, including any adjustment for the investment are:
1. Journal entries
1. Debit Investment in Midlin common shares $360,000
Credit Cash $360,000
(To record investment in Midlin common shares)
2. No journal entry required
3. Debit Cash $15,000
($300,000×$0.25×20%)
Credit Investment revenue $15,000
(To record dividend received)
4. Debit Fair value adjustment $15,000
Credit Net unrealized holding gains and losses- OCI $15,000
($375,000-$360,000)
(To record fair value adjustment)
2. Journal entries
1. Debit Investment in Midlin common shares $360,000
Credit Cash $360,000
(To record investment in Midlin common shares)
2. Debit Investment in Midlin common shares $27,000
Credit Investment revenue $27,000
($135,000×20%)
(To record investment revenue)
3. Debit Cash $15,000
($300,000×$0.25×20%)
Credit Investment revenue $15,000
(To record dividend received)
4. No journal entry required
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the fijian dollar is currently trading for AUD 2.55. if the interest rate in australia is 5.5% and the interest rate in New Zealand is 6.5% what would be the one year forward exchange rate
Since the interest rate in Australia is 5.5% and the interest rate in New Zealand is 6.5%, then the one-year forward exchange rate is 1 Fijian dollar equals 2.53 AUD.
The information given from the question is that 1 Fijian dollar = 2.55 AUD.
Based on the information, the foreign currency is Fijian dollar while the home currency is AUD. Therefore, the forward rate will be:
= 2.55 × [(1 + 5.5%) / (1 + 6.5%)
= 2.55 × (1.055 / 1.065)
= 2.55 × 0.99
= 2.53
In conclusion, 1 Fijian dollar equals 2.53 AUD.
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Meg O’Brien received a gift of some small-scale jewelry manufacturing equipment that her father had used for personal purposes for many years. Her father originally purchased the equipment for $1,860. Because the equipment is out of production and no longer available, the property is currently worth $5,250. Meg has decided to begin a new jewelry manufacturing trade or business. What is her depreciable basis for depreciating the equipment?
Answer:
1,700
Explanation:
"O’Brien received a gift of some small-scale jewelry manufacturing equipment that her father had used ...". O’Brien has to take into consideration the factors that affect depreciation as well as the continuous rise situation of the equipment.
What is depreciation?Generally, depreciation is simply defined as owing to wear and tear, an asset's value decreases over time.
In conclusion, her depreciable basis for depreciating the equipment will be the ratio of diminishing depreciation against the price increase.
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#SPJ2
Marcela heard her manager loud and clear: Marcela needed to be more careful in her work or she wouldn’t have a job. Marcela ______________ to her manager, saying, "I will definitely make fewer errors from now on."
a. selected a channel
b. decoded a message
c. gave feedback
Answer: Marcela decoded a message to her manager, saying, "I will definitely make fewer errors from now on."
Marcela selected a channel to her manager, saying, "I will definitely make fewer errors from now on."
Marcela gave feedback to her manager, saying, "I will definitely make fewer errors from now on."
Explanation: The one that sounds better in the sentence is the correct answer the ones that sound like it doesn't fit in the sentence is incorrect.
guys help me pls (30points)
What is an example of a behavior associated with a negative attitude?
a
Being rude to a co-worker
b
Finishing your work a day early
c
Helping a co-worker with a project
d
Showing up to work on time
Answer: A
B is being prepared
C is an example of teamwork
D is an example of being prepared
So the answer is A
Explanation:
What are the portfolio weights for a portfolio that has 145 shares of Stock A that sell for $47 per share and 200 shares of Stock B that sell for $21 per share
Based on the information given the portfolio weights for a portfolio are:
Stock A 0.6187; Stock B 0.3815.
First step
Shares Price per share Total value
Stock A 145 $47 6,815
Stock B 200 $21 4,200
Total 11,015
Second step
Portfolio weights
Stock A [ 6,815 / 11,015 ] 0.6187
Stock B [ 4,200 / 11,015 ] 0.3813
Inconclusion the portfolio weights for a portfolio are: Stock A 0.6187; Stock B 0.3815.
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The issue of the enforceability of covenants not to compete is typically a matter of state common law (so enforceability varies state-by-state based on case-by-case court decisions). In general, for a covenant not to compete to be enforceable, the restraints (time restrictions, territory restrictions, scope of activity restrictions) must protect a legitimate business purpose, must not impose an undue burden on the employee, and must be otherwise reasonable.
Required:
Do you believe that the restraints in this covenant not to compete ("Restrictive Covenant") should be enforceable? Why or why not? Explain
Answer:
The issue of the enforceability of covenants not to compete is typically a matter of state common law (so enforceability varies state-by-state based on case-by-case court decisions). In general, for a covenant not to compete to be enforceable, the restraints (time restrictions, territory restrictions, scope of activity restrictions) must ...
Do you believe that the restraints in this covenant not to compete ("Restrictive Covenant") should be enforceable? Why or why not? Explain
Explanation:
is sole trader or partnership better?
Answer:
There are benefits associated with running a partnership, both when compared to a sole trader and a limited company: Shared responsibility. Having more business owners allows the financial and operational responsibility for running the business to be sharedExplanation: The benefit of a partnership over a sole proprietorship is that you'll share the responsibilities, resources, and losses. On the other hand, you also split your profits, and you might face disagreements over how to run the business. One way to mitigate conflict is to create a partnership agreement.
Suppose you have $12,000 in your checking account. You withdraw $500 cash from your account and hide it under your pillow for future use. If the required reserve ratio is 10%, then what will be the maximum impact on money supply today as a result of your action
The maximum impact on money supply today as a result of your action is: Money supply will decrease by $4,500.
Required reserve= 10% × $12,000
Required reserve= $1,200
Loan= Total deposit - Required reserves
Loan= $12,000 - $1,200
Loan= $10,800
Money supply =1/.10×$10,800
Money supply=$108,000
Money supply before withdrawal is $108,000.
After withdrawal of $500:
Deposit= $12,000 - $500
Deposit= $11,500
Required reserve= 10% × $11,500
Required reserve=$1,150
Loan= Total deposit - Required reserves
Loan=$11,500 - $1,150
Loan= $10,350
Money supply=1/.10×$10,350
Money supply=$103,500
Decrease in money supply:
Decrease in money supply= $108,000 - $103,500
Decrease in money supply= $4,500
Inconclusion the maximum impact on money supply today as a result of your action is: Money supply will decrease by $4,500.
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York’s outstanding stock consists of 80,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 200,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends
Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. (Round your "Dividend per Preferred Share" answer to 3 decimal places.)
This question is incomplete and the complete question is as follows:
York’s outstanding stock consists of 80,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 200,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends:
2016 total cash dividends = $20,000
2018 total cash dividends = $200,000
2017 total cash dividends = $28,000
2019 total cash dividends = $350,000
Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. (Round your "Dividend per Preferred Share" answer to 3 decimal places.)
To answer the question, Preferred and Common stocks are first described.
Preferred stocks are stock shares that pay dividends to holders before common stock dividends are paid.
Cumulative preferred stock is a type of preference stock with a clause that requires a corporation to pay all dividends to cumulative preferred shareholders, including those that were missed before.
Common stocks are stock shares that pay dividends to holders after preferred stock dividends have been paid.
The attached photo contains the calculations of the answers.
From the attached photo, we have:
Dividend per preferred share = $0.375
Amount of dividends paid preferred shares in 2016 = $20,000
Amount of dividends paid preferred shares in 2017 = $28,000
Amount of dividends paid preferred shares in 2018 = $42,000
Amount of dividends paid preferred shares in 2019 = $30,000
In addition, from the attached photo, we have:
Amount of dividends paid to Common shares in 2016 = $0
Amount of dividends paid to Common shares in 2017 = $0
Amount of dividends paid to Common shares in 2018 = $158,000
Amount of dividends paid to Common shares in 2019 = $320,000
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How Does The State Of Competition Among hotels
Mega Corporation repurchased 1,000 shares of its $1 par value common stock for $8,000. The effect of this transaction on the accounting equation includes a(n) ______. (Check all that apply.) Multiple select question. decrease in assets increase in assets increase in liabilities decrease in stockholders' equity increase in stockholders' equity decrease in liabilities
Answer:
Decrease in assets
Decrease in stockholder’s equity
The board of directors at Blaine Glassworks want their company's products to be of higher quality than the products of other companies in the market, and think that they are hitting this target. However, a recent survey found that customers rate the company's products as below average due to the inferior process design specifications in the company. This is an example of _____ in the GAP model.
When the survey found that customers rate the company's products as below average, this is an example of Gap 2 in the GAP model.
The Gaps model are used in the Service Delivery Process.
The Gaps model helps to understand customer satisfaction. The Gap model are divided in GAP 1, GAP 2, GAP 3, GAP 4 and GAP 5.The Gap 2 is one that deal with difference between the actual specification and management perception.Hence, when the survey found that customers rate the company's products as below average, this is an example of Gap 2 in the GAP model.
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Mike got a 45% discount when he bought a new jacket. Which of the following is NOT equivalent to 45%?
Answer:anything thats not 45%
Explanation:
Because 45 isn’t anything except that
Place the events in sequence to describe how crowding- out happens. Start by clicking the first item in the sequence or dragging it here Drag the items below into the box above in the correct order, starting with the first item in the sequence
Because of a recession, consumers have less disposable income to spend on durable goods, like cars.
A state government passes a stimulus package that sends aid to struggling car manufacturing firm in the state.
Despite the increase in spending, aggregate demand has not increased as much as expected Car manufacturers use government funding, instead of their own money, to invest in improving their machinery
Crowding-out effect in this context, is used to describe a situation wherein the Gross Domestic Product (GDP) equation, government spending triggers a reduction in or completely replaces private spending or investment.
For instance, when the government is heavily invested in spending on certain sectors, private investors may be discouraged from investing or spending in the same sectors.
The correct sequence of how crowding-out can occur is given below:
1. Because of a recession, consumers have less disposable income to spend on durable goods, like cars.
2. A state government passes a stimulus package that sends aid to struggling car manufacturing firms in the state.
3. Car manufacturers use government funding, instead of their own money, to invest in improving their machinery
4. Despite the increase in spending, aggregate demand has not increased as much as expected
Notice that because the government releases stimulus packages to assist Car manufacturers, there is a shortfall in the anticipated increase in aggregate demand because car manufacturers are not spending their money to improve their conditions.
This, exactly, is what Crowding Out Effect achieves. Read more about this in the link below:
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Lilly would like to start investing. What tools and services can she benefit from?
Answer:
stocks, mutual funds, retirement investments
Explanation:
Covan, Inc. is expected to have the following free cashflow:
Year 1 2 3 4
FCF 13 15 16 17 Grow by 4% per year
a. Covan has 66 million shares outstanding, 33 million in excess cash, and it has no debt. If its cost of capital is 13%, what should be its stock price?
b. Covan reinvests all its FCF and has no plans to add debt or change its cash holdings (it does not invest its cash holdings). If you plan to sell Covan at the beginning of year 2, what is its expected price?
c. Assume you bought Covan stock at the beginning of year 1. What is your expected return from holding Covan stock until year2?
Answer:
a
Explanation:
you add
12. What is the tendency of suppliers to offer more of a good at a higher price?
Casey Company retired $500,000 face value, 9% bonds on June 30, 2021 at 96. The carrying value of the bonds at the redemption date was $508,000. Prepare the journal entry to record the redemption of the bonds.
Based on the information given the appropriate journal entry to record the redemption of the bonds is:
Casey Company Journal entry
June 30, 2021
Debit Bonds payable $500,000
Debit Premium on bonds payable $8,000
($508,000-$500.000)
Credit Gain on bond redemption $28,000
($508,000 - $480,000)
Credit Cash $480,000
($500,000 x 96%)
(To record redemption of the bonds)
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When you arrive for your job interview, the interviewer greets you with a warm handshake and a smile. While you speak, he smiles and nods often and occasionally takes notes.
What message is the interviewer expressing nonverbally?
a. He is passively enduring your interview.
b. He is actively engaged in your interview.
c. He is uncomfortable meeting with you.
Answer:
b. He is actively engaged in your interview.
Explanation:
In most cultures, smiling implies friendliness. In the United States, nodding and maintaining consistent eye contact show interest and engagement in a conversation and respect for the speaker. By combining these three nonverbal behaviors, the interviewer is expressing active, positive interest in your interview.
Mickey and Minnie each have a budget of $80 per moth to spend on downloaded music tracks and live concerts. At the initial price, Mickey consumes both goods but Minnie buys only downloaded music an does not go to live concerts. Now the price of live concerts falls. Use figures to show that Mickey’s utility must increase and that Minnie’s utility may increase or stay the same, but cannot fall.
Answer:
sanaol may pera
Explanation:
#fyp tikrok
The question is about the spent of budget and their utility.
Minnie and Mickey have a budget of $80 each per month to spend on music and concerts.
Mickey consumes both to spend his budget but Minnie only consumes her budget for downloaded music.
Now that the price for concert have decreased Mickey will be able to spend more on either options as he will be paying less for concert tickets. Therefore Mickey's utility will increase.
While Minnie only consuming downloaded music will have no impact upon falling prices for the concert. Therefore her utility will remain same.
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PLEASAE HELP ME YOU GUYS!!!!!!!!!!!!!!! 40 POINTS IF YOU ANWSER ALL!!!!
What do fear-based marketing messages and advertisements focus on? (Select the best answer.)
Question 1 options:
Threats to the company's business
The company's competitors and their prices
The bad things that will happen to people who don't buy the product
Negative changes in the market that have reduced demand for the product
Question 2 (1 point)
Jacob is a marketer at Gamer Way Video Games. He is currently working to develop four different color versions of their latest video game console. Which of the four Marketing Mix strategies is Jacob working on?
Question 2 options:
Product
Place
Price
Promotion
Question 3 (1 point)
If a product is difficult to find or only carried by high-end retailer, this adds to it's prestige. This always benefits your marketing message.
Question 3 options:
True
False
Question 4 (1 point)
Which of the following can help you evaluate the performance of your ads and other marketing strategies?
Question 4 options:
Sending out a press release multiple times
Collecting secondary data about your target market
Asking customers how they found out about your company or product
Asking competitors what they think of your advertising strategy
Answer:
1. threats to the company
2. is product
3.true
4. sending out press release
On January 1, Year 1, Kennard Co. issued $2,000,000, 5%, 10-year bonds, with interest payable on June 30 and December 31 to yield 6%. The bonds were issued for $1,851,234. a. Prepare an amortization schedule for Year 1 and Year 2 using the effective interest rate method. Round answers to the nearest dollar. Enter all amounts as positive numbers.
The Amortization Schedule for Kennard Co. using the effective interest rate method is as follows:
Date Cash Interest Amortization Balance
Payment Expense
Jan. 1, Yr 1 $1,851,234
June 30 Yr 1 $50,000 $55,537 $5,537 $1,856,771
Dec. 31 Yr 1 $50,000 $55,703 $5,703 $1,862,474
June 30 Yr 2 $50,000 $55,874 $5,874 $1,868,348
Dec. 31, Yr 2 $50,000 $56,050 $6,050 $1,874,398
Data and Calculations:
Face value of bonds = $2,000,000
Bonds Proceeds = 1,851,234
Bonds Discounts = $148,766
Maturity period = 10 years
Coupon interest rate = 5%
Market interest rate = 6%
Payment of interest = June 30 and December 31 annually
June 30, Year 1:
Interest Expense = $55,537 ($1,851,234 x 6% x 1/2)
Cash payment = $50,000 ($2,000,000 x 5% x 1/2)
Amortization of discount = $5,537 ($55,537 - $50,000)
Bonds Payable value = $1,856,771 ($1,851,234 + $5,537)
December 31, Year 1:
Interest Expense = $55,703 ($1,856,771 x 6% x 1/2)
Cash payment = $50,000 ($2,000,000 x 5% x 1/2)
Amortization of discount = $5,703 ($55,703 - $50,000)
Bonds Payable value = $1,862,474 ($1,856,771 + $5,703)
June 30, Year 2:
Interest Expense = $55,874 ($1,862,474 x 6% x 1/2)
Cash payment = $50,000 ($2,000,000 x 5% x 1/2)
Amortization of discount = $5,874 ($55,874 - $50,000)
Bonds Payable value = $1,868,348 ($1,862,474 + $5,874)
December 31, Year 2:
Interest Expense = $56,050($1,868,348 x 6% x 1/2)
Cash payment = $50,000 ($2,000,000 x 5% x 1/2)
Amortization of discount = $6,050 ($56,050 - $50,000)
Bonds Payable value = $1,874,398 ($1,868,348 + $6,050)
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membe is trying to get his financial records organized. He has several monthly credit card statements. Where is the MOST logical place for Namembe to store these records?
A. a paid storage facility
B. a home file
C. a computer file
D. a safe deposit box
The most logical place to store financial records is a computer file.
Each provided solution is useful to store one's records and personal data but there are merits and demerits to them.
Such as, a home file is a place to store data and it is easily accessible. However, it would be difficult to organize data at a home file and would also be time-consuming. Moreover, only limited data can be kept stored, as over time more space would be required so old data would be discarded.
In the case of a safe deposit box, which is also a secure place to store, the main issue is that it would be costly in comparison to the other options.
The computer file is easy to maintain and financial records can be kept well organized without the need to delete old data, as it hardly consumes any storage. And it would be less costly in comparison to the safe deposit box.
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Answer:
B. a home file
Explanation:
I took the quiz and this was the correct answer.
If the lowest-paid employee earned $15,000 a year, what would the maximum salary be for the highest-paid manager under the 7-to-1 rule?
Under the 7-to-1 rule, the maximum salary that would be paid to the highest-paid manager is $105,000.
Data and Calculations:
Lowest-paid employee's annual earnings =$15,000
Maximum-Minimum Salary Rule = 7-to-1
The maximum salary paid to the highest-paid manager = $105,000 ($15,000 x 7).
Thus, the maximum salary paid to the highest-paid manager under the company's 7-to-1 rule is $105,000.
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A machine costing $185,000 with a 5-year life and $20,000 residual value was purchased January 2. Compute depreciation for each of the five years, using the double-declining-balance method.
The computation of the depreciation for each of the five years under the Double-declining-balance method is as follows:
Year Depreciation Expense
Year 1 $74,000 ($185,000 x 40%)
Year 2 $44,400 ($111,000 x 40%)
Year 3 $26,640 ($66,600 x 40%)
Year 4 $15,984 ($39,960 x 40%)
Year 5 $3,976 ($23,976 - $20,000)
Data and Calculations:
Cost of Equipment = $185,000
Residual value = $20,000
Depreciable amount = $165,000 ($185,000 - $20,000)
Estimated useful life = 5 years
Depreciation rate = 40% (100/5 x 2)
Depreciation for the five years:
Year 1 = $74,000 ($185,000 x 40%)
Reduced balance = $111,000 ($185,000 - $74,000)
Year 2 = $44,400 ($111,000 x 40%)
Reduced balance = $66,600 ($111,000 - $44,400)
Year 3 = $26,640 ($66,600 x 40%)
Reduced balance = $39,960 ($66,600 - $26,640)
Year 4 = $15,984 ($39,960 x 40%)
Reduced balance = $23,976 ($39,960 - $15,984)
Year 5 = $3,976 ($23,976 - $20,000)
Thus, the accumulated depreciation at the end of year 5 is $165,000.
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Each of the following solutions were developed to lessen an asymmetric information problem. Sort each solution into the problem it aimed to address.
a. a health screening to determine acceptance into a health insurance plan.
b. a telematic device in a prospective car insurance customer's vehicle that tracks driving behavior.
c. a video monitoring system in your home while your babysitter is there.
d. a company requirement that the chief executive officer hold at least five times their annual salary in company stock.
1. Adverse selection
2. Principal-agent
The following are solutions to adverse selection:
a. a health screening to determine acceptance into a health insurance plan.
b. a telematic device in a prospective car insurance customer's vehicle that tracks driving behavior.
The following are solutions to principal-agent problem:
c. a video monitoring system in your home while your babysitter is there.
d. a company requirement that the chief executive officer hold at least five times their annual salary in company stock.
Asymmetric information is when one of the parties in a transaction has more information than the other parties in the transaction.
Adverse selection is an effect of asymmetric information. This is when the party with more information takes steps to their advantage to the detriment of other parties. The principal-agent problem occurs when the interests of a public company's managers and shareholders are not aligned.
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By sending monthly statements to customers, most companies control three assertions related to receivables at historical cost. Which ones are those
Answer:
Receivables can be classified as accounts receivables, notes receivable and other receivables ( loans, settlement amounts due for non- current asset sales, rent receivable, term deposits).
Generational Equity refer to: Group of answer choices a. One generation holding more wealth in stocks than debt instruments b. The relationship between taxes and spending at the generational level c. The potential of one generation subsidizing another Both a. and b. Both b. and c.
Generational equity refers to:
The relationship between taxes and spending at the generational levelThe potential of one generation subsidizing anotherThe answer to this question is option b and c. The concept has it that different generations have to be treated in similar and equal ways and also the fact that everyone has to have the same opportunities.
The theory explains the tradeoffs that exists between meeting the needs of those that are the elderly and those that are still young.
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Businesses that offer repayment plans for purchases are required by law to disclose the interest rate. But that doesn't mean they go out of their way to let you
know what it is. You have to read all the paperwork. Find the interest rate for the following purchase.
To finance a new laptop, Emile is offered a 4 year payment plan with low monthly payments of $31.40. The cost of the laptop was $884.45 including tax, Round
to one decimal place, if necessary.
The interest rate is %
Answer:
You have to read all the paperwork. Find the interest rate for the following purchase. To finance a new laptop, Emilie is offered a 4 year payment plan with low monthly payments of $34.40. The cost of the laptop was $884.15 including tax. Round to one decimal place, if necessary. The interest rate is
One example of ___________________ is a wiki, a site where community members can add and discuss information to develop a resource for the entire community. Wikipedia is a famous example of a wiki.
a. a centralized network
b. a formal channel
c. upward communication
d. social media
One example of social media is a wiki, a site where community members can add and discuss information to develop a resource for the entire community: D. social media
Social media can be defined as a collection of Internet software programs (applications) which avails end users the ability to add, share and discuss information, as well as enhance collaboration between community members over the Internet.
This ultimately implies that, wiki is an example of a social media because it allows community members to add and discuss information, in order to develop a resource for the entire community.
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Answer:
d. social media
Explanation:
Wikis are a type of social media. One way companies can use them is to organically develop reference or training materials that reflect consensus on best practices through contributions and editing by employees. Passionate communities can develop around wikis, as shown by the success of Wikipedia. The giant wiki has its challenges, including ensuring information integrity, maintaining volunteer commitment, and representing diversity, but as the sixth most visited website in the world and about 5 million entries just in English, it demonstrates the opportunity to leverage a community to create a shared resource of great value.
Because any authorized member of the community can post an entry, change, or comment to a wiki, this is not a formal communication channel and communication is decentralized.