Answer: C. does not hold, since the product sold is required for survival, so increasing the price did not affect consumption
Explanation:
The law of demand simply stated that when the price of a particular good increases, people will buy less of that product and when there is reduction in the price of the good, consumers will buy more of that particular product.
In the scenario in the question, the law of demand doesn't hold because despite the rise in price, the quantity demanded doesn't change.
Therefore, the correct option is C.
1.Provide definitions of throughput, inventory and operational expense given in The Goal. How do they compare with traditional definitions
Answer:
The Goal:
This involves increasing net profit and as this is done, return on investment is increased and cash flow is also increased.
Throughput can be defined as the rate by which money is being generated by the system through sales.
Inventory is all amount of money that is currently in the system. It is all the amount of money that has been invested in buying things which the system has intentions of selling.
Operational expense is all amount of money that has been spent by the system in trying to turn inventory into throughput.
Compared to traditional definitions they are almost basically with the same meaning.
How can formal business documents help managers solve problems? A. By presenting well-organized, accurate information about a problem O B. By eliminating the need for schedules and budgets to track progress C. By making decisions so the managers do not have to handle them O D. By creating a record of every action taken during a meeting
Answer:
the answer is A
Explanation:
An asset used in a four-year project falls in the five-year MACRS class for tax purposes The asset has an acquisition cost of $5,100,000 and will be sold for $1,600,000 at the end of the project. If the tax rate is 21 percent, what is the aftertax salvage value of the asset? Refer to Table 10.7 (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)
Answer:
$1,449,068.80
Explanation:
Book value on purchase $5,100,000
Less: Accumulated depreciation $4,218,720
(5,100,000*(0.2+0.32+0.192+0.1152)
Book value on sales $881,280
Salvage value of paint $1,600,000
Book value of as set $881,280
Gain on disposal $718,720
Tax on gain on disposal = $718,720 * 21% = $150,931.20
After tax cash flow = $1,600,000 - $150,931.20
After tax cash flow = $1,449,068.80
If you have to reject a job offer because it isn't what you wanted, what is the best step to take?
a.
Say no at the interview to save the employer time
b.
Do not call the interviewer back
c.
Call the interviewer back, thank them, and give a reason for your answer
d.
Call the interviewer and let them know you would never work for them
Answer:
Call the interviewer back, thank them, and give a reason for your answer
Explanation:
Marcie goes to the salon and has a pedicure and a manicure. What has Marcie purchased from the salon?
A.) A good
B.) A good and a service
C.) Neither
D.) A service
Hal is enrolled for one class at a local community college; tuition cost him $190. Hal's AGI is $20,000. Before considering a limitation due to tax liability, Hal can take a lifetime learning credit of:
Answer:
the lifetime learning credit is $38
Explanation:
The computation of the lifetime learning credit is shown below:
= 20% of tuition cost
= 20% of $190
= $38
Hence, the lifetime learning credit is $38
We simply applied the above formula so that the correct value could come
And, the same is to be considered
he is eligible for 20% only so the same is relevant
Carmen Co. can further process Product J to produce Product D. Product J is currently selling for $23.70 per pound and costs $15.65 per pound to produce. Product D would sell for $43.65 per pound and would require an additional cost of $9.75 per pound to produce. What is the differential cost of producing Product D?
Answer:
$9.75
Explanation:
the contribution margin of product J = $23.70 - $15.65 = $8.05
the contribution margin of product D = $43.65 - ($9.75 + $15.65) = $18.25
the differential cost of producing product D is equal to the additional cost incurred by further processing product J = $9.75
differential costs or expenses are the difference in costs resulting from choosing one activity over another, or like in this case, further processing one product into another.
Credit card balances are not considered to be money primarily because they: Multiple Choice are an asset used in making transactions. are rarely used to make purchases. are not part of people's wealth. do not represent an obligation to pay someone else.
Answer:
are not part of people's wealth.
Explanation:
Your credit card balance is basically how much you owe your credit card company or how much of your credit line you already used. Credit card balances do not increase individuals' wealth, they actually decrease it. Credit cards are short terms loans given by banks, i.e. liabilities.
The only business that is directly protected by the U.S. Constitution (in the First Amendment) is:_______
a. interest group lobbying.
b. health care.
c. polling.
d. the press (the news media).
e. software development.
Answer:
d. the press (the news media).
Explanation:
The only business protected by the First Amendment is the press (the news media). The other aspects protected by the First Amendments are human rights and not a business. The press is protected because they serve as countrywide investigators to uncover the truth and inform the people, this also includes the truth of any government actions, scandals, or secrets being held from the public eye. This is because in a democracy the government is accountable for the people and not the other way around.
According to the basic quantity equation of money, if price and output fall while velocity increases, then:
Answer:
The quantity of money will fall
Explanation:
basic quantity equation of money's theory stressed that the general price of goods/services is attributed to the flow of money in circulation, I.e they have a linear relationship.The equation below gives the relationship between the quantity of money as well as price level. MV = PT
Where M = quantity of money
V =velocity of circulation
P = price level
According to the basic quantity equation of money, It should be noted that if price and output fall while velocity increases, then The quantity of money will fall.
The Wilson family has a disposable income of $60,000 annually. Currently, the Wilson family spends 80% of new disposable income on consumption. Assume that their marginal propensity to consume is 0.8 and that their autonomous consumption spending is equal to $10,000. What is the amount of the Wilson family's annual consumer spending
Answer:
the annual consumer spending is $58,000
Explanation:
The computation of the amount of the wilson family is shown below"
Annual consumer spending is
= Disposable income × marginal propensity to consume + autonomous consumption spending
= $60,000 × 0.8 + $10,000
= $48,000 + $10,000
= $58,000
hence, the annual consumer spending is $58,000
We simply applied the above formula so that the correct value could come
And, the same is to be considered
IKEA is very Sweden-centric; that is, they like doing it the Swedish way, from the names of the furniture to the management of the company. Sweden is a neutral country, so maybe this is the way to go for a global company, but is smart to be too centric to a specific country when you are a global corporation
Answer:
It can be a smart strategy if the country has a significant amount of soft power (power not on military or economic terms, but on cultural and social terms).
Explanation:
For example, Sweden is a country that enjoys a high level of prestige around the world, because it is a very well developed country, with a very high standard of living, an economic model that many people admire (the Nordic Model), and several cultural exports like Volvo cars, or ABBA, that enjoy popularity around the world.
IKEA, in that sense, is like another Swedish cultural export, and when people go to an IKEA, they go expecting to find something "Swedish", so in this sense, the strategy can clearly pay off because of the soft power that Sweden has.
Who owns the factors of production in a planned economy?
A.
Individuals
B.
Nobody
C.
The church
D.
The government
Answer:
D.
Explanation:
Under a command economy, governments own the factors of production. This is also sometimes referred to as a planned economy. (I like to call it a command economy, but it's the same thing.)
What would be your first consideration as a project leader with potential ideas to implement some of the elements of strategic thinking?
Answer:
The starting point in discussing how projects should be properly managed is to first understand what a project is and, just as importantly, what it is not.
People have been undertaking projects since the earliest days of organized human activity. The hunting parties of our prehistoric ancestors were projects, for example; they were temporary undertakings directed at the goal of obtaining meat for the community. Large complex projects have also been with us for a long time. The pyramids and the Great Wall of China were in their day of roughly the same dimensions as the Apollo project to send men to the moon. We use the term “project” frequently in our daily conversations. A husband, for example may tell his wife, “My main project for this weekend is to straighten out the garage.” Going hunting, building pyramids, and fixing faucets all share certain features that make them projects.
Project Attributes
A project has distinctive attributes that distinguish it from ongoing work or business operations. Projects are temporary in nature. They are not an everyday business process and have definitive start dates and end dates. This characteristic is important because a large part of the project effort is dedicated to ensuring that the project is completed at the appointed time. To do this, schedules are created showing when tasks should begin and end. Projects can last minutes, hours, days, weeks, months, or years.
Projects exist to bring about a product or service that hasn’t existed before. In this sense, a project is unique. Unique means that this is new; this has never been done before. Maybe it’s been done in a very similar fashion before but never exactly in this way. For example, Ford Motor Company is in the business of designing and assembling cars. Each model that Ford designs and produces can be considered a project. The models differ from each other in their features and are marketed to people with various needs. An SUV serves a different purpose and clientele than a luxury car. The design and marketing of these two models are unique projects. However, the actual assembly of the cars is considered an operation (i.e., a repetitive process that is followed for most makes and models).
In contrast with projects, operations are ongoing and repetitive. They involve work that is continuous without an ending date and with the same processes repeated to produce the same results. The purpose of operations is to keep the organization functioning while the purpose of a project is to meet its goals and conclude. Therefore, operations are ongoing while projects are unique and temporary.
A project is completed when its goals and objectives are accomplished. It is these goals that drive the project, and all the planning and implementation efforts undertaken to achieve them. Sometimes projects end when it is determined that the goals and objectives cannot be accomplished or when the product or service of the project is no longer needed and the project
Explanation:
The beginning stage in examining how projects ought to be appropriately overseen is to initially comprehend what a project is and, similarly as critically, what it isn't.
How projects should be managed?Individuals have been embraced projects since the earliest long stretches of coordinated human movement.
The hunting gatherings of our ancient precursors were projects, for instance; they were brief endeavors aimed at the objective of acquiring meat for the local area. Enormous complex projects have likewise been with us for quite a while.
The pyramids and the Great Wall of China were in their day of generally similar aspects as the Apollo project to send men to the moon. We utilize the expression "project" much of the time in our day to day discussions. A spouse, for instance might tell his significant other.
"My general teacher project during the current end of the week is to fix the carport." Going hunting, building pyramids all offer specific elements that make them projects.
Therefore project should be managed very carefully each and every time.
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Porter Inc's stock has an expected return of 13.25%, a beta of 1.25, and is in equilibrium. If the risk-free rate is 2.00%, what is the market risk premium
Answer:market risk premium=9.00%
Explanation:
Using the CAPM,Capital Asset Pricing Model, The expected
return on stock is given as
Expected Return = Risk free Return + Market Risk Premium X Beta
Where
Expected Return =13.25%
Risk free Return= 2.00%,
Beta=1.25
market risk premium=?
13.25 = 2.00 + market risk premium X 1.25
13.25- 2.00 = market risk premium X 1.25
11.25%/1.25%=market risk premium
market risk premium=9.00%
Which factor of production brings together all the other factors of production? ______ brings together all the other factors of production.
Answer:
Entrepreneurship
Explanation:
Answer:
entrepreneurship
Explanation:
The main reason most international transactions require full payment before the buyer receives the merchandise is:_____.
a. strict government regulations.
b. an underlying lack of trust. an excess of factor endowments.
c. to trigger lower tariffs.
d. the inability to charge interest on the cost of goods.
Answer: b. an underlying lack of trust.
Explanation:
When dealing with an international customer, there is no guarantee that the customer will pay you if they receive their merchandise first and if this should happen, getting the person to pay you can be quite cumbersome and expensive.
It is therefore better that the customer sends the full payment first because money has a better chance of being retrieved than goods that are delivered. Using payment websites like PayPal for instance ensure buyer protection so money can be retrieved if goods are not sent. If the reverse were true however, this would be more difficult.
So yes, there is an underlying lack of trust.
Note: An excess of factor endowments is a separate option.
People do things for different reasons. The main reason most international transactions require full paymentbefore the buyer receives the merchandise is an underlying lack of trust.
If there is lacks of trust in business transactions, it allows a lot of harmful thoughts, actions, or emotions.The lack of trust has lead to hopelessness, depression and possibly consider harming themselves.
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Tallpenny Tower was built in 1985. However, the building has been constantly maintained and remodeled. In valuation terms, the building's _________ age is greater than the building's _________ age.
a) chronological age, effective age
b) effective age, chronological age
c) depreciated age, projected age
d) projected age, depreciated age
Answer:
a) chronological age, effective age
Explanation:
The chronological age of a building is simply how old it is in years: E.g. a house built in year 2000 is 20 years old.
The effective age of a building depends on the condition of the building and how well it has been maintained. E.g. two houses built on year 2000, but one has never gotten any type of maintenance and is really on a bad shape will have a higher effective age than the other house that has been continuously and properly maintained and repaired.
The manager of Lawn and Garden Services would like to estimate the proportion of her employees' time spent performing various gardening and lawn care activities. She has made 400 random observations of a typical worker, with the following results:
Activity Time Observed
Mowing 200
Trimming 80
Raking 40
Miscellaneous 80
What is the probability that the true proportion of time spent mowing is exactly equal to the sample proportion?
a) 1
b) 0
c) .5
d) .2
e) 1
Answer:
b) 0
Explanation:
In this case, the manager observed that a worker spent 50% of his/her time mowing the garden, but in case this is correct, it would only apply to this worker. She would need to collect data and analyze it from a much larger sample which includes other workers in order to determine if this proportion applies to whole group. You cannot infer a conclusion based on a limited amount of data collected from just one subject. The methodology is incorrect.
A deposit of $1000 is made in a bank account that pays 24% interest per year compounded quarterly. Approximately how much money will be in the account after 10 years
Answer:
$10,285.72
Explanation:
In this scenario, we can use the compound interest formula to calculate the total after 10 years. The formula is the A = P * [tex](1 + r/n)^{nt}[/tex]
where,
A = final value after interest
P = initial investment amount
r = annual interest rate in decimal form
n = number of time the interest is compounded based on t
t = total amount of time
In this case, the interest is compounded quarterly meaning 4 times a year, therefore we can plug all the values into the formula and solve for A
A = P * [tex](1 + r/n)^{nt}[/tex]
A = 1000 * [tex](1 + 0.24/4)^{4*10}[/tex]
A = 1000 * [tex](1.06)^{40}[/tex]
A = 1000 * 10.2857
A = 10,285.72
Therefore after 10 years the account will have a total of $10,285.72
What is the value today of receiving $5,000 at the end of six years, assuming an interest rate of 8% compounded semiannually?
Answer:
$3,122.96
Explanation:
Future value = 5000
i = 8%
n = 6
m = 2
Present Value = FV(1+i/m)^mn
Present Value = 5,000(1+0.08/2)^-2*6
Present Value = 5,000(1.04)^-12
Present Value = 5,000 / (1.04)^12
Present Value = 5,000 / 1.6010322
Present Value = 3122.985284118583
Present Value = $3,122.96
What is a market failure?
A. A market failure is when the market fails to produce deadweight loss.
B. A market failure is when production occurs at high social cost.
C. A market failure is when consumption occurs at low social benefit.
D. A market failure is when the market fails to produce the efficient level of output.
E. All of the above.
Answer:
D. A market failure is when the market fails to produce the efficient level of output.
Explanation:
A market failure is when the market fails to produce the efficient level of output.
This ultimately implies that, a market failure arises when there is inefficiency in the distribution or allocation of goods and services in a free market. Thus, the demand of the consumer of these goods and services are not being met with the level of supply (output) required i.e the forces of demand and supply are not efficient in producing the level of output required by the economy.
Some of the causes of market failure are imperfect information, monopoly, oligopoly, externalities etc.
What do franchisees typically have to pay to the franchisor?
a. One-time franchise fee
b. Nominal fee for business knowledge
O c. Monthly royalties based on sales
d. One-time franchise fee and monthly royalties based on sales
O e. Approximately half of the franchise's profits each month
Answer:
E because I looked it up
Explanation:
e
Approximately half of the franchise's profits each month the franchisees typically have to pay to the franchisor. Thus, option E is appropriate.
An alliance between a franchisor with a franchisee is known as a franchise. The original company is the franchisor. It promises to sell a license for its name and idea. The franchisee invests in the right to promote and advertise the franchisor's products and services using an established brand business strategy.
If you purchase a franchise either an investor or a franchise, you can operate a business. You receive a format originator system created by the business (franchisor), a license to use its name for a predetermined period, and help in exchange for paying a franchise fee.
Thus, option E is correct.
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what is the term to describe the emotion or feeling in your voice
Emotional prosody is the term to describe the emotion or feeling in your voice.
What are Emotions?Emotions can be said as when there are changes in the feelings of a person that can be due to any reason like neurological effect in which according to the situation or the feelings, the emotion keeps on changing. There are various types of emotions like apprehension, rage, disgust, rudeness, guilt, misery, intrigue, surprise, and joy.
Emotional prosody means when a person is trying to interpret human emotion in a way that the voice of that person can easily tell you about the needs and what the person is feeling at a particular moment.
For example, when you are on a phone call, one may easily know if a person is feeling low or that they are sounding cheerful.
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On August 1, 2021, Fowler Company acquired $500,000 face value 10% bonds of Kasnic Corporation at 104 plus accrued interest. The bonds were dated May 1, 2021, and mature on April 30, 2026, with interest payable each October 31 and April 30. The bonds will be held to maturity. What entry should Fowler make to record the purchase of the bonds on August 1, 2021?
a) Debt Investments: 500,000 | Premium on Bonds: 32,500 | Cash: 532,500
b) Debt Investments: 520,000 | Interest Revenue: 12,500 | Cash: 532,500
c) Debt Investments: 532,500 | Interest Revenue: 12,500 | Cash: 520,000
d) Debt Investments: 532,500 | Cash: 532,500
Answer:
b) Debt Investments: 520,000 | Interest Revenue: 12,500 | Cash: 532,500
Explanation:
The journal entry to record the purchase of the bond is shown below:
Debt investment Dr $500,000 × 1.04) $520,000
Interest revenue Dr ($500,000 × 10% × 3 ÷ 12) $12,500
To Cash $532,500
(being the purchase of the bond is recorded)
Here the debt investment and interest revenue is debited as it increase the assets and decreased the revenue while on the other hand the cash is credited as it decreased the assets
Hence, the correct option is b.
A company is involved in a lawsuit for which the contingent liability is remote. How should the liability be treated on the balance sheet?
a. It should be disclosed in the notes only.
b. It should not be recorded and need not be disclosed.
c. It should be recorded as a current liability.
d. It should be recorded as a long-term liability.
Answer:
b. It should not be recorded and need not be disclosed.
Explanation:
A contingent liability must be recorded in the balance sheet only if its outcome is very probable and the company can estimate its cost.
If the liability is only possible or its amount cannot be determined exactly, then it must be disclosed in the footnotes.
If the liability is only a remote outcome, or it is unlikely to happen, then it doesn't need to be recorded or disclosed.
According to the video, what is the main purpose of Insurance Underwriters’ work?
to protect insurance companies
to investigate insurance claims
to sell insurance policies
to advise individual investors
Answer:
A
Explanation:
just did it lol
Answer:
A. to protect insurance companies
Explanation: Just got done on edge
To set up a business account on Pinterest, a brand will need to provide a / an __________.
a. Mailing address, user name, business name, website and business category.
b. Mailing address, password, business name, website and business category.
c. Email address, password, personal name, website and business category.
d. Email address, password, business name, website and business category.
Answer:
b
Explanation:
QUESTION 22 In a competitive market, A. no single buyer or seller can influence the price of the product. B. there are only a small number of sellers. C. the goods offered by the different sellers are unique. D. accounting profit is driven to zero as firms freely enter and exit the market.
Answer:
A
Explanation:
In a competitive market there are no single buyer or seller that can influence the price of the product.
Such a market has numerous producers who compete with each other to provide goods and services. Not one producer can influence the market prices by increasing his output or by decreasing it.
Same goes for the consumer. One consumer can not influence the prices either.
An individual who makes $32,000 per year anticipates retiring in 30 years. If their salary is increased by $600 each year and they deposit 10% of their yearly salary into a fund that earns 7% interest, what is the future worth at retirement?
Answer:
$366,287.15
Explanation:
Annual salary = $32000
No. of years (n) = 30 years
Increment in salary = $600
Deposit rate = 10%
Interest rate (r) = 7% or 0.07
Growth rate (g) = Increment in salary \div annual salary
Growth rate = $600 \ $32000
Growth rate = 0.01875
First deposit = $32000 x 10% = $3200
Future worth = [First deposit \ (r - g)] x [(1 + r)n - (1 + g)n]
Future worth = [$3200 \ (0.07 - 0.01875)] x [(1 + 0.07)30 - (1 + 0.01875)30]
Future worth = [$3200 \ 0.05125] x [(1.07)30 - (1.01875)30]
Future worth = $62439.0243902 x [7.6122550423 - 1.7459373366]
Future worth = $62439.0243902 x 5.8663177057
Future worth = $366287.15
Hence, the future worth at retirement is $366,287.15
