Answer:
greater; higher than
Explanation:
Here is the complete question
If the supply of aisle seats equals the supply of middle seats on an airplane, and the demand for aisle seats is _____________ than the demand for middle seats, then the equilibrium price of aisle seats will be ______________ the equilibrium price of middle seats
.a. greater; higher than
b. less; higher than
c. greater; lower than
d. less; the same as
Equilibrium price is the price at which quantity demand equal quantity supplied. Above equilibrium price there is a surplus - quantity supplied exceeds quantity demanded.
Below equilibrium price there is a shortage - quantity demanded exceeds quantity supplied
If the demand for aisle seats exceeds the demand for middle seats, it means that equilibrium price for aisle seat would exceed equilibrium price
Paul Krugman argues that although strategic trade policy looks unappealing in theory, in practice it is most likely to be workable. True False
Answer: False
Explanation:
The statement that "Paul Krugman argues that although strategic trade policy looks unappealing in theory, in practice it is most likely to be workable" is false.
According to Paul Krugman, a strategic trade policy will be captured by the special-interest groups that are within the economy and this will bring about it's distortion and therefore it's unlikely to be workable.
After passing the bar, Frankie needs money to start his own law practice. Martina is still in high school and needs money to take the SAT. Robi is about to enter college and needs money for his first year of class. Which describes the way each person is most likely to get financial assistance
Answer:
D.) Frankie should borrow money from the bank, Martina should get a part-time job, and Robi should apply for a scholarship.
Explanation:
Since in the given situation it is mentioned that frankie wants to start his own practice so for this he required the money. Martina requires the money for SAT. And, robi wants the money for the first year
So as per the given situation, frankie should have to borrow the money from the bank, martina should go for the part time job and robi should have to apply for the scholarship
Therefore the option d is correct
f a business wants to sell a product or service on the Internet for the first time, the __________ would need to understand the wide-ranging risks involved as well as the organization's security capability. A. executive committee B. operational risk committee C. compliance committee D. security committee
Answer:
b
Explanation:
The operational risk committee has the responsibility of maintaining and overseeing the operational risk of an organisation. They are to identify possible operational risks of all the activities of a company and take steps to mitigate and manage such risks
The functions of The operational risk committee includes :
Identify possible risksEvaluate the risks Develop and implement strategies needed to manage the riskEvaluate the risk and strategize implemented regularlyBecause of vast differences between different regions, multinational corporations often use ______ departmentalization.
Answer:
geographic departmentalization.
Explanation:
It is correct to say that multinational corporations tend to use geographic departmentalization due to the large differences between different regions.
The geographic departmentalization corresponds to a strategy where a company uses a form of structure oriented to a region, that is, it allows the operationalization to be more effective in a region that has greater demand or needs a physical office to better and faster service its customers.
Mini-Case Nolan and Sadie have just opened a new restaurant on the edge of town, Cajun Kitchen. They own the land and building and have a brand-new kitchen as well as a lovely seating area, filled with mementos from the South. They have a liquor license and make wonderful Southern drinks. They are quite pleased that members of the community are helping their business grow by coming in for a meal or a drink after work. They are good businesspeople who pay their bills on time and as a result have great relationships with the vendors that supply them food. -Cajun Kitchen sits on a large landscaped lot. Nolan and Sadie have a contract with Green Goddess Lawn Service to mow the lawn and take care of the landscape. They pay $200 per month for this service. After two weeks had gone by with no service, Nolan called the company only to find out that the owner and the crew had decided to take a vacation and would not be back to do the landscaping for another two weeks. Green Goddess
A) has discharged its obligation to Nolan and Sadie.
B) is liable for specific performance.
C) will likely have to pay Nolan and Sadie damages if they decide to sue them.
D) will not likely have to pay Nolan and Sadie damages if they decide to sue them.
Answer:
C. Will likely have to pay Nolan and Sadie damages if they decide to sue them.
Explanation:
Since Nolan and Sadie has agreement with Green Goddess to maintain the landscape and they are paying them $200 for this service. Green lawn has not given them any notice about the leaves so this comes under the breach of contract terms. The company will be liable to pay Nolan and Sadie if they decide to sue them.
Lee, an attorney, uses the cash receipts and disbursements method of reporting. A client gave Lee 500 shares of a listed corporation's stock in full satisfaction of a $10,000 legal fee the client owed to Lee. This stock had a fair market value of $8,000 on the date it was given to Lee. The client's basis for this stock was $6,000. Lee sold the stock for cash the next year. In Lee's income tax return, what amount of income should be reported in connection with the receipt of the stock
Answer:
$8,000
Explanation:
Based on the information given we were told that the stock had a FAIR MARKET VALUE of the amount of $8,000 on the date it was given to Lee which therefore means that In Lee's income tax return, the amount of INCOME that should be reported in connection with the receipt of the stock will be the FAIR MARKET VALUE of the amount of $8,000.
In a ________ economy, the government is minimally involved in the functioning of the economy but does act to protect consumers and impose some regulations on the market.
Answer:
mixed
Explanation:
An economy is a function of how money, means of production and resources (raw materials) are carefully used to facilitate the demands and supply of goods and services to meet the unending needs or requirements of the consumers.
Hence, a region's or country's economy is largely dependent on how resources are being allocated and utilized, how many goods and services are to be produced, what should be produced, for whom they are to be produced for and how much money are to be spent by the consumers to acquire these goods and services.
Basically, there are four (4) main types of economy and these are;
I. Command economy.
II. Free market economy.
III. Traditional economy.
IV. Mixed economy.
A mixed economy can be defined as a type of economy in which the government of a particular country is minimally involved in the allocation and production of goods and services while protecting the interest of the consumers and regulating the market by establishing laws.
Hence, when the government is minimally involved in the economic functioning of her country but does act to protect consumer interests and impose some regulations or sanctions on the market, this is referred to as a mixed economy.
Answer:
mixed
Explanation:
In a mixed economy, the government is minimally involved in the functioning of the economy but does act to protect consumers and impose some regulations on the market.
Morwenna, Inc. reports the following information for August: Sales Revenue $900,000 Variable Cost of Goods Sold 120,000 Fixed Cost of Goods Sold 60,000 Variable Selling and Administrative Costs 150,000 Fixed Selling and Administrative Costs 50,000 Calculate the operating income for August using absorption costing.
Answer:
Net operating income= $520,000
Explanation:
First, we need to calculate the gross profit:
Gross profit= sales revenue - total cost of goods sold
Gross profit= 900,000 - 120,000 - 60,000
Gross profit= 720,000
Now, the net operating income:
Net operating income= gross profit - total Selling and Administrative Costs
Net operating income= 720,000 - 150,000 - 50,000
Net operating income= $520,000
What is the beta of a three-stock portfolio that includes 25% of stock A with a beta of 0.90, 40% stock B with a beta of 1.05, and 35% stock C with a beta of 1.73
Answer:
the beta of a three-stock portfolio is 1.25
Explanation:
The computation of the beta of a three-stock portfolio is shown below:
= 25% of .9 + 40% of 1.05 + 35% of 1.73
= .225 + .42 + .61
= 1.25
Hence, the beta of a three-stock portfolio is 1.25
The same should be considered and relevant
Which trend is not contributing to the current revolutionary transformation of the healthcare industry
Answer:
health plans shifting from governmental to employee sponsored.
Explanation:
The healthcare industry is an integration as well as aggregation of the different sectors within its economic system which provides the goods and the services for the treatment of the patients with a curative as well as preventive, palliative and rehabilitative care.
The healthcare industry is recently changing and transforming. The technological advancements in the healthcare system contributes to the shift in the patient-centered healthcare system. The healthcare industry is entering into an era of a digital innovation, as the patients seeking on-demand healthcare because of their busy schedules.
Also in the recent times we have seen that the health care and the different health policies and plan introduced by the healthcare companies shifted from the government sponsored to the employee sponsored programs.
Thus the trend that does not contributes to the change in the healthcare industry is the health related plans that shifts from the governmental sponsored to the employee sponsored.
As a member of a software development team for a national nonprofit organization, Larissa is responsible for creating an interface model for a new app. What is Larissa's role in the organization
Answer:
Software designer.
Explanation:
A software can be defined as a set of executable instructions (codes) or collection of data that is used typically to instruct a computer how to perform a specific task and to solve a particular problem.
Basically, softwares are categorized into two (2) main categories and these are;
I. Utility software.
II. System software.
Larissa's role in the national nonprofit organization is a software designer because she's saddled with the responsibility of creating an interface model for a new app i.e the graphic user interface that would be seen and used by the end users of the software application.
Sanders Company has a debit balance of $7,000 in its Allowance for Doubtful Accounts before any adjustments are made. Based on a review of its accounts receivable at the end of the year, Sanders estimates that $70,000 of its receivables are uncollectible. The amount of bad debt expense which should be reported for the year is $70,000. $7,000. $77,000. $63,000. $70,000.
Answer:
$77,000
Explanation:
Calculation to determine what The amount of bad debt expense which should be reported for the year is
Using this formula
Bad debt expense=Allowance for Doubtful Accounts debit balance +Estimated uncollectible receivables
Let plug in the formula
Bad debt expense=$7,000+$70,000
Bad debt expense=$77,000
Therefore The amount of bad debt expense which should be reported for the year is $77,000
What does a speech-language pathologist do?
Answer:
work to prevent, assess, diagnose, treat, and help to prevent communication and swallowing disorders in children and adults.
.
Explanation:
If a monopolist's price is $50 per unit and its marginal cost is $25, then A) to maximize profit the firm should increase output.
Answer:
a. to maximize profit the firm should decrease output
Explanation:
Options are "A. to maximize profit the firm should decrease output. B. to maximize profit the firm should increase output. C. to maximize profit the firm should continue to produce the output it is producing"
Monopoly profit maximization occurs where Marginal revenue = Marginal cost.
Here, Marginal revenue ($50) > Marginal cost ($25). So, in order to maximize profit, the firm has to decrease the output because cost is very lower and revenue is very high.
Gidgits Galore has borrowed $10,000 to buy new shelves to display its millennial version of the gidgit. The bank negotiated the use 1,000 gidgits as
collateral and then filed a UCC-1 Financing Statement with the Register of Deeds where Gidgits Galore has its headquarters. The bank is an
unsecured creditor.
O True
O False
Answer:
False. The bank is NOT an unsecured creditor.
Explanation:
An unsecured creditor can be described as an individual or institution that lends money without requiring the borrower to put up any assets as collateral.
Financing Statement is a statement that a creditor files to notify interested parties that he has a security interest in a personal property of a debtor. The personal property is therefore held as collateral in a secured transaction, such as a loan or a lease.
Since the bank negotiated the use 1,000 gidgits as collateral and then filed a UCC-1 Financing Statement with the Register of Deeds where Gidgits Galore has its headquarters, it implies that the bank is a secured creditor.
Therefore, the bank is NOT an unsecured creditor.
The plaintiff was driving inattentively when she had to swerve to avoid two other negligently driven vehicles at a busy intersection, and her car struck a light pole. The plaintiff, who was the only driver injured, sued one of the other drivers to recover damages in a jurisdiction that has adopted pure comparative negligence. The jury determined that she suffered injuries of $100,000 and was 50% at fault. If the plaintiff is awarded a recovery of only $25,000 from the defendant, what will be the most likely reason
Answer: The jurisdiction has abolished joint and several liability.
Explanation:
Following the information given in the question, if the plaintiff is awarded a recovery of only $25,000 from the defendant, then the most likely reason will be that the jurisdiction has abolished joint and several liability.
It should be noted that under joint and several liability, the plantiff would have been awarded $50000 as each tortfeasor will be liable to the price of the damage that was incurred, hence the plantiff will get $50000 but in this case $25000 is given because the joint and several liability has been abolished by the jurisdiction.
For a closed economy, GDP is $18 trillion, consumption is $13 trillion, taxes are $2 trillion and the government runs a deficit of $1 trillion. What are private saving and national saving
Answer:
Private saving = $3 trillion
National Saving = $2 trillion
Explanation:
Private saving = GDP - Taxes - Consumption + Transfer payments
Private saving = $18 trillion - $2 trillion - $13 trillion + 0
Private saving = $3 trillion
Government runs a deficit of $1 trillion means its spending is $1 trillion more than the tax revenue.
So, National Saving = Private saving + Public saving
National Saving = $3 trillion + ($2 trillion - $3 trillion)
National Saving = $3 trillion + (-$1 trillion)
National Saving = $2 trillion
A certain college graduate borrows 6900 dollars to buy a car. The lender charges interest at an annual rate of 18%. Assuming that interest is compounded continuously and that the borrower makes payments continuously at a constant annual rate k dollars per year, determine the payment rate that is required to pay off the loan in 7 years. Also determine how much interest is paid during the 7-year period.
Answer:
a) k = $1734.86 per year
b) $5244.02
Explanation:
Principal ( borrowed ) = $6900
Annual interest rate = 18% ( compounded continuously )
Borrower makes a continuous payment at a constant rate : $k per year
a) Determine payment rate required to payoff loan ( in 7 years )
let loan at time ( t ) = x
x = $6900 , at t = 0
rate of increase of loan amount = 0.18x
rate of decrease of loan amount = k
∴ net change of loan x
= dx/dt = 0.18x - k
hence ; dt = dx / ( 0.18x - k )
k = $1734.86 per year
attached below is a part of the solution
b) Determine how much interest is paid during 7-year period
Interest paid in 7 years
= Amount paid - principal amount
= ( 1734.86 * 7 ) - 6900
= $5244.02
The ________ line is a financial analysis tool that enables you to see patterns in cash inflows and outflows. A : value B : money C : time D : trend
U.S. GAAP for long-lived assets significantly impedes rate-of-return comparisons across companies unless the firms:
Answer: Apply the same depreciation methods and the same useful lives among similar groups of assets
Explanation:
US GAAP for long-lived assets significantly impedes rate-of-return that is, the annual income from an investment which is being expressed as a proportion of the original investment comparisons across companies unless the firms apply the same depreciation methods and also the same useful lives are applied among identical groups of assets.
Offering direct online sales to consumers while also promoting wholesale and retail sales can result in Multiple select question. cannibalization of retailers' sales. a net loss of sales due to disgruntled dealers. a signal of the company's strong commitment to retailers. channel conflict.
Answer:
cannibalization of retailers' sales.
Explanation:
Salespeople can be defined as a group of individuals or employees who are saddled with the responsibility of taking orders from customers, as well as sales of finished goods and services to consumers or end users.
Offering direct online sales of goods and services to consumers while also promoting wholesale and retail sales can result in cannibalization of retailers' sales because the retailer wouldn't be able to make sales.
Which of the following ways is NOT
legitimate for terminating a contract?
A. Change of mind
B
Lapse
time
C. Performance
D. Breach
Answer:
A. Change of mind
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implies contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, executory contract, etc.
Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent.
Generally, the three (3) legitimate reasons for which a contract may be terminated or discharged are;
I. Lapse of time.
II. Non-perfomance.
III. Breach of the contractual agreement.
However, a change of mind by either of the parties in a contract is not a legitimate way for terminating a contract because its duration or time period is yet to elapse.
Crane Company purchases equipment for $2740 and supplies for $510 from Wildhorse Co. for $3250 cash. The entry for this transaction will include a debit to Equipment $2740 and a debit to Supplies Expense $510 for Wildhorse. credit to Accounts Payable for Crane. debit to Equipment $2740 and a debit to Supplies $510 for Crane. credit to Cash for Wildhorse.
Answer:
Date Account Title Debit Credit
XX-XX-XX Equipment $2,760
Supplies $ 500
Cash $3,250
Q. Compared with other investment asset classes, an investment in real estate is least likely to be characterized by:
Answer:
i really dont know/////////////////////////////////////////////////
Explanation:
Anna withdrew funds from her bank and purchased 500 shares of ABC stock at the recommendation of her broker. Which one of these parties meets the definition of a delegated monitor
Answer:
The answer is "Anna's broker"
Explanation:
The delegated monitoring would be a financial intermediary as it borrows from small investors and uses uncontrolled liabilities (deposits) (whose loans it monitors).
In opposition to individuals that monitor the buyer independently, it relates to delegating the job of watching with such a bank and therefore satisfies the description of delegated monitor from Anna broker parties.
Martina arrives for her first day at a new job. The hiring manager, Francisco, takes her on a tour of the building, introducing her to her new co-workers and showing her where the kitchen, meeting rooms, and her cubicle are located. After the tour, Francisco leaves Martina in her cubicle with the company's employee handbook, so she can read about the organization's policies and benefits. All these activities are part of
Answer:
orientation
Explanation:
All of these activities are part of orientation. This is the first thing that new employees have to go through after they are hired, when they start their first day on the job. In orientation, someone from the company takes you around the workspace and introduces you to the people that you will be working with as well as gives you a tour of the building. They also explain to you all the important details regarding the company and the position that you were hired to fill. This includes the organization's policies, benefits, precautions, etc. All of which is done so that you become familiar with how the company functions.
_____ is used to develop tactical plans by integrating customer-focused marketing plans for new and existing products with the operational management of the supply chain.
Answer:
Sales and operations planning (S&OP).
Explanation:
Supply chain management can be defined as the effective and efficient management of the flow of goods and services as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers. Generally, the supply chain management involves all the activities associated with planning, execution and supply of finished goods and services to the consumers.
Generally, the four (4) stages of a supply chain include the following;
I. Supply management.
II. Supply chain management.
III. Supply chain integration.
IV. Demand-supply collaboration.
Sales and operations planning (S&OP) is an aspect of business management and supply chain planning that is typically used for the development of tactical plans by integrating customer-focused or customer-oriented marketing plans with respect to new and existing products into the operational management of the supply chain.
In conclusion, sales and operations planning (S&OP) helps manufacturers to better match supply with consumer demands by means of collaboration between the sales department and the operations department to create a single production plan.
Dan (driving his own car) picked up his friend Rodney to drive to their softball game. Both Dan and Rodney have a Personal Auto Policy (PAP) with $5,000 of medical payments coverage per person. Dan hit a parked car, and Rodney was injured, incurring $9,000 of medical expenses. How will this claim be settled under the other insurance provision of the PAP
Answer:
B) Dan's insurer will pay $5,000 and Rodney's insurer will pay $4,000.
Explanation:
Based on the information given How will this CLAIM BE SETTLED under the other insurance provision of the PAP 1 is that Dan's insurer will pay the amount of $5,000 since Both Dan and Rodney HAVE A PERSONAL AUTO POLICY (PAP) with $5,000 of medical payments coverage and Rodney's insurer will pay the amount of $4,000 ($9,000-$5,000).
Therefore the claim will be settled when Dan's insurer pay $5,000 and Rodney's insurer pay $4,000.
1. Most financial crises in the United States have begun with A. a steep stock market decline. B. an increase in uncertainty resulting from the failure of a major firm. C. a steep decline in interest rates. D. all of the above. E. only A and B of the above.
Answer:
d
Explanation:
An external evaluation with consumers that consists of preliminary testing of a new-product idea rather than the actual finished product is referred to as
A. idea generation.
B. a concept test.
C. crowdsourcing.
D. new-product strategy development.
E. market testing.
Answer:
B. a concept test.
Explanation:
Concept testing is defined as a research method in which it includes the questions of the customer related to their concepts and ideas for the product or services prior to introducing it into the market
So basically it is an external evaluation lies with the customers that contains the preliminary testing
So the option b is correct
