Answer: assets, retained earnings and net income understated
Explanation:
The assets will be understated because inventory is part of assets and if some inventory was not included, the inventory figure would be less than it should be meaning that assets are understated.
Closing inventory is deducted from Cost of Goods sold. If this inventory is not included in the income statement, the Cost of Goods sold would be larger than it should be and would therefore reduce the income more than it should have as it is an expense.
Net income would therefore be understated and this would translate to an understated retained earnings as retained earnings come from net income.
QUESTION 1 of 10: Chandra likes her new credit card. She uses it whenever she can, but she's careful to stay below her credit limit. After two months she notices her credit card bill includes huge finance charges. She chose her card because it featured 0% APR, so she doesn't think she should have any finance charges at all. What is the most likely explanation for the finance charges on Chandra's bill
Answer:
The introductory rate on the card is no longer in effect
Explanation:
Since in the question it is mentioned that after two months she notices that the credit card bill involves the high finance charges but she select the car that have % APR so here the explanation should be with respective to the finance charges is that the introductory rate would have no impact on the credit card
Therefore the same is to be considered
A seller delivered a deed to a buyer at the closing. A title search disclosed no serious defects, and the title did not appear to be based on doubtful questions of law or fact nor did it appear to expose the buyer to possible litigation. The seller's title did not appear to present a threat to the buyer's quiet enjoyment, and the title policy was sufficient to convince a reasonably well-informed person that the property could be resold. The title conveyed would commonly be called
Answer:
A marketable title
Explanation:
A marketable title in real estate is on that is legally considered free from defect. Buyers will have no issues with accepting the title because there are no objectionable items associated with the title.
It means the property in question is free of easements, liens, encumbrances or other legal defects.
In the given scenario a title search disclosed no serious defects, and the title did not appear to be based on doubtful questions of law or fact nor did it appear to expose the buyer to possible litigation.
This is a marketable title.
Parker Industries is a small company with a big name! Parker Industries is actually a one-person company that imports strands of LED lights from China and sells them through its website. Parker's only overhead is a storage unit for inventory that costs $125 a month and a $25 monthly fee for website hosting. Currently, Parker imports the lights for $.99 each (including inbound shipping) and sells them for $4.49. Parker also pays shipping expenses of $.50 per light strand. If Parker is currently selling 50 units a month, what is Parker's monthly profit or loss?
A) $0
B) $224.50 (profit)
C) $49.50 (profit)
D) −$74.50 (loss)
Answer:
A
Explanation:
Profit = total cost - total revenue
total cost = fixed cost +variable cost
fixed cos =125 + 25 = 150
variable cost = 50 x (0.99 + 0.50) = 74.50
profit-earning distributed to the owner as a result of a profitable market production process. Profit is a metric of profitability, and it is the primary concern of the owner in the earnings context of market production. Several profit measurements are often used.
The correct option for Parker's monthly profit or loss A. 0
Profit = total cost - total revenue
Total cost = fixed cost +variable cost
Fixed cost = [tex]\text{cost of the stock} + \text{monthly charges of the stock}[/tex]
Fixed cost =125 + 25 = 150
Variable cost = [tex]\text{No. of units}\times (\text{import charges} + \text{shipping charges})[/tex]
Variable cost = [tex]50 \times (0.99 + 0.50)[/tex]= 74.50
Total cost = fixed cost +variable cost
Total cost = 150 + 74.50
Total revenue = [tex]\text{selling price}\times \text{no. of units}[/tex]
Total revenue = [tex]4.49 \times 50[/tex] = 224.50
Profit = total cost - total revenue
profit = 224.50 - 224.50 = 0
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The following transactions occurred last year at Jogger Corporation: Issuance of shares of the company's own common stock $ 110,000 Dividends paid to the company's own shareholders $ 3,000 Sale of long-term investment $ 4,000 Interest paid to lenders $ 8,000 Retirement of the company's own bonds payable $ 100,000 Proceeds from sale of the company's used equipment $ 29,000 Purchase of new equipment $ 170,000 Based solely on the above information, the net cash provided by (used in) financing activities for the year on the statement of cash flows would be: Multiple Choice $(138,000) $7,000 $424,000 $(1,000)
Answer:
b. $7,000
Explanation:
Statement of Cash-flow from Financing activities
Particulars Amount
Issue common Stock $110,000
Dividend paid -$3,000
Retirement of bonds payable -$100,000
Net cash flow from financing activities $7,000
explain the meaning of personal account,real account and nominal account,give five examples each
Answer:
An example of a Real Account is a Bank Account. A Personal account is a General ledger account connected to all persons like individuals, firms and associations. ... A Nominal account is a General ledger account pertaining to all income, expenses, losses and gains. An example of a Nominal Account is an Interest AccountCalculate the forward rate for (i) the second year; (ii) the third year; (iii) the fourth year. (Do not round intermediate calculations. Round your answers to the nearest whole percent.) Maturity (years) Price of Bond 1 $ 943.40 2 898.47 3 847.62 4 792.16
Answer:
Bond 1 : 4.38%
Bond 2 : 5.91%
Bond 3 : 6.07%
Bond 4 : 7.21%
Explanation:
The face value of the bond is assumed to be $1,000
Price of Bond 1 : 943.40 = 1000 / (1 + x1) ^1
x1 = 4.38%
Price of Bond 2 : 898.47 = 1000 / (1 + x1) ^2
x1 = 5.91%
Price of Bond 3 : 847.62 = 1000 / (1 + x1) ^3
x1 = 6.07%
Price of Bond 1 : 792.16 = 1000 / (1 + x1) ^4
x1 = 7.21%
A City Electric Utility Enterprise Fund made its annual interest payment on its outstanding $20 million of 6% bonds, which were originally issued at a premium. Assuming the City maintains it books and records in a manner that facilitates preparation of its fund financial statements, the entry to record this would include a credit to Cash for the amount of the interest checks written and debit(s) to ___________.
Answer:
Debit to Interest expenditure and bond premium.
Explanation:
Based on the information the Appropriate journal entry to record this would include a CREDIT TO CASH for the amount of the interest checks written and DEBIT(S) to INTEREST EXPENDITURE AND BOND PREMIUM reason been that we were told the ANNUAL INTEREST PAYMENT on the company its outstanding was the amount of $20 million of 6 percent bonds, which were ISSUED AT A PREMIUM.
Debit to Interest expenditure and bond premium $1.2 million
($20 million*6%)
Cr Cash $1.2 million
Zumwalt Corporation's Class S bonds have a 12-year maturity, $1,000 par value, and a 5.75% coupon paid semiannually (2.875% each 6 months), and those bonds sell at their par value. Zumwalt's Class A bonds have the same risk, maturity, and par value, but the A bonds pay a 5.75% annual coupon. Neither bond is callable. At what price should the annual payment bond sell? (hint: Bonds with same risk should have same effective rate of return, or YTM).
Answer:
$993.23
Explanation:
Note that the yield to maturity for the Class S bond is 5.75% because when a bond sells at par its coupon rate and yield should be the same.
However, Class A, pays annual coupons and the fact they both have the same level of risk means that yields are the same, however, S's yield is 5.75% compounded semiannually, in the case of A we need an equivalent yield but compounded once a year since annual coupons are to be made, as a result, for A we would convert the yield to an equivalent effective annual yield
EAR=(1+yield/2)^2-1
there are 2 semiannual periods in a year, that is the reason for 2 in the formula above
EAR=(1+5.75%/2)^2-1
EAR=5.83%
The price of bond A is the present value of 12 annual coupons and face value discounted at 5.83% effective annual yield
annual coupon= 5.75%*$1,000
annual coupon=$57.50
bond price=$57.50/(1+5.83%)^1+$57.50/(1+5.83%)^2+$57.50/(1+5.83%)^3+$57.50/(1+5.83%)^4+$57.50/(1+5.83%)^5+$57.50/(1+5.83%)^6+$57.50/(1+5.83%)^7+$57.50/(1+5.83%)^8+$57.50/(1+5.83%)^9+$57.50/(1+5.83%)^10+$57.50/(1+5.83%)^11+($1000+$57.50)/(1+5.83%)^12
bond price=$993.23
Noise pollution has been insereted as pollution in the air act in, (a) 1981 (b)1987 (c)1982 (d)2000
Answer:A
Explanation:Noise though not defined in any statute but it is included as environmental pollutants in Section (a) of the Air Act 1981. After this included noise is recognized as a kind of air pollution and steps are taken to control it efficiently.
Research three ways a business can promote products and services and describe the strengths and weaknesses of each.
Answer:
Promotions is the part of marketing that specifically involves communicating company or product information to targeted customers. This is a key component of the broader marketing system, because it is what usually makes customers aware of you, attracted to your brand, interested in buying and ultimately, loyal customers. Advertising, public relations and personal selling are three staple methods of promotion, though some new techniques have emerged in the early 21st century.
Advertising
Advertising takes up a significant portion of a company's budget allocated toward marketing and promotion. It includes the development and paid delivery of brand or product messages through media. Companies usually have internal advertising departments that design and develop ads, or they work with advertising firms who specialize in the advertising process. Since you pay for ad placement in media such as television, radio, newspapers and magazines, you generally have more control over the message than you do through some other promotional methods.
Public Relations
Maintaining goodwill with the public is an important long-term strategy for both small and large companies. A variety of public relations tactics are used to reach out to customers through unpaid-for media messages. Press releases are one of the most common and routine PR tactics. This is when a company sends an overview of a major change or event, product launch or other news to various media outlets. Press conferences, features news reports and newsletters are other common PR tools. A general objective of PR is to keep your brand in front of people even beyond paid ads. The challenge is you can't always control the way your PR messages are delivered or received.
Selling
While business typically engage in some level of advertising and public relations, the use of personal selling tactics varies considerably. Some small businesses don't employ active sales associates based on the small-scale products or services they sell. Companies with big-ticket items, such as electronics or appliances, more often use sales associates to stress the benefits of products to customers and to overcome their concerns. Selling is one of the most interactive forms of promotion.
Advertising, public relations and personal selling can promote products and services and describe the strengths and weaknesses of each.
What is a business?Business refers to the activity of creating, purchasing, and reselling goods in order to support oneself financially.
Advertising: A considerable amount of a bank's advertising and development budget is spent on advertising. The majority of businesses either use internal advertising teams to create and develop their ads or they contract with external ad agencies who specialized in the process of marketing.
Public Affairs: Keeping the public's trust is a crucial long-term approach for businesses of all sizes. Customers are reached through unpaid media messaging using a range of public marketing strategies. Among the most common and conventional PR strategies is the press release.
Selling: While businesses usually participate in some form of advertising and promotion, the utilization of personal selling techniques varies greatly. Because they provide such low-volume goods or services, several small enterprises don't have active sales representatives.
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Assume the market value of Fords' equity, preferred stock, and debt are$6 billion, $2 billion, and $13 billion, respectively. Ford has a beta of 1.7, the market risk premium is 8%, and the risk-free rate of interest is 3%. Ford's preferred stock pays a dividend of $4 each year and trades at a price of $30 per share. Ford's debt trades with a yield to maturity of 8.0%. What is Ford's weighted average cost of capital if its tax rate is 30%
Answer:
Explanation:
Cost of equity (Re) = Risk free rate + Equity rate*Market risk premium
Cost of equity (Re) = 0.03+(1.7*0.08)
Cost of equity (Re) = 0.03 + 0.136
Cost of equity (Re) = 0.166
Cost of preferred stock (Rpfd) = Dividend/stock price
Cost of preferred stock (Rpfd) = 4/30
Cost of preferred stock (Rpfd) = 0.1333
==> 6 billion + 2 billion + 13 billion = 21 billion
Debt % = 13 billion / 21 billion = 0.619 \
Equity % = 6 billion / 21 billion = 0.286
Preferred stock % = 2 billion / 21 billion = 0.095
Debt capital (Rd) = Its comes from yield to maturity of 8%
Tax rate= 30%
WACC = Re*E% + Rpfd*P% + Rd(1-Tc)D%
WACC = (0.166)*(0.286) + (0.1333)*(0.095) + (0.08)*(1-0.3))*(0.619)
WACC = 0.047476 + 0.0126635 + 0.034664
WACC = 0.0948035
WACC = 9.48%
So, Ford's weighted average cost of capital is 9.48%
Which one of the following is an example of a "flexibility" option? Group of answer choicesA company has an option to close down an operation if it turns out to be unprofitable. A company agrees to pay more to build a plant in order to be able to change the plant's inputs and/or outputs at a later date if conditions change. A company invests in a project today to gain knowledge that may enable it to expand into different markets at a later date. A company invests in a jet aircraft so that its CEO, who must travel frequently, can arrive for distant meetings feeling less tired than if he had to fly commercial. A company has an option to invest in a project today or to wait a year. Next
Answer:
A company agrees to pay more to build a plant in order to be able to change the plant's inputs and/or outputs at a later date if conditions change.
Explanation:
Real option analysis
This is simply described as a form of an analysis of capital budgeting projects. It is often used by managers so as to influence the size and riskiness of a project's cash flows. And this can be done only by taking different actions or at the end of the project's life.
It uses the usual NPV capital budgeting analysis along with an analysis of opportunities as a result of manager's responses to changing circumstances that can change a project's outcome.
Examples of Real Options
1. Investment timing
2. Abandonment/shutdown
3. Flexibility
4. Growth/expansion
Flexibility Option
This type of re option simply allows operations to be changed based on how conditions change during a project's life. It is said to exists when it is useful spending money today, which therefore helps one to maintain flexibility down the line. That is, either inputs or outputs (or both) can be altered.
________ refers to searching for information that is not immediately evident and sorting through that information to interpret what is important.
A) Competitive skimming
B) Data classification
C) Environmental scanning
D) Knowledge browsing
E) Information foraging
Answer:
C) Environmental scanning
Explanation:
Environmental scanning is a management strategy that focuses on systematically acquiring informations about occasions, trends, events or patterns through surveys and analysis of these information in an organisation's external and internal environment. The informations acquired through environmental scanning is then used by the executive management in strategically planning the organisation's future and exploitation of available opportunities for the success of the organization.
The internal environmental scanning offers an organization strength and weakness while the external environmental scanning provides information about opportunities and threats.
Generally, the external environmental scanning gives an overview of the opportunities in the market as well as potential threats to an organization.
Hence, the search for an information that isn't immediately evident and sorting through or analyzing that information to interpret what is important to an organization is generally referred to as environmental scanning.
If an investor is looking for information about a particular mutual fund, the BEST source of that information will be the (A) fund's accounting documents such as the balance sheet and income statement. (B) fund's prospectus, which contains investment strategy, management style/structure, sales load and fee structure, and more. (C) investment manager of the fund who can provide a specific listing of all investments in the fund at any given point in time during a trading day. (D) SEC, which keeps detailed files and reports on the fund, all of which are available to the public.
If an investor is looking for information about a particular mutual fund, the best source of that information will be the fund's prospectus, which contains information about investment strategy, management style and structure, sales load and fee structure, and more. Hence, Option B is correct.
What is a mutual fund?The fund, which is pooled by the company, was raised from many investors. The money will be invested in securities like stocks, bonds, or short-term debt. A portfolio is the combined holdings of all the mutual funds, which are purchased by the investors.
When a person wants to invest in a mutual fund, the easiest way to get information about the mutual fund is from its prospectus. In the prospectus, investment strategy, management style, structure, sales, and many more things are mentioned.
Thus, Option B: the fund's prospectus, which contains investment strategy, management style/structure, sales load and fee structure, and more, is correct.
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During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $5 per unit, Direct labor, $3 per unit, Variable overhead, $4 per unit, and Fixed overhead, $290,000. The company produced 29,000 units, and sold 19,500 units, leaving 9,500 units in inventory at year-end. Income calculated under variable costing is determined to be $365,000. How much income is reported under absorption costing
Answer:
$460,000
Explanation:
The computation of the income reported under absorption costing is shown below:
Fixed overhead under absorption costing is
= ($290,000 ÷ 29000 units)
= $10 per unit
Units in ending Inventory is
= 29,000 units - 19,500 units
= 9,500 units
Now the cost of ending units is
= 9,500 units × $10 per unit
= $95,000
And, finally Income under absorption costing
= Income under variable costing + ending inventory
= $365,000 + $95,000
= $460,000
Mary Delany, owner of Delany Salsas, is curious to know whether the new packaging for her line of salsas is being noticed by supermarket consumers. Accordingly, she ventures out to the local supermarket and passively watches the reactions of shoppers as they pass by one of the many Delany Salsas displays. Mary Delany is collecting ____ data through ____ methods.
Answer:
primary/observational
Explanation:
The primary data may be defined as the data or the information that is collected by the researcher or the experimenter directly from the subjects through any interviews or surveys. It is a first hand information or data collected directly from the source.
In the context, Mary Delany is collecting or gathering the data which is considered as a primary data through an observational methods. The data collected by Mary is primary because she collected the data first hand directly by visiting the local supermarkets from the customers.
And the method of gathering data is observational as she collected data by observing the people or the customers coming to the supermarkets and not by interviewing them.
So, the answer is primary/observational.
Which of the following is NOT one of Modigliani and Miller's set of conditions referred to as perfect capital markets?
A. All investors hold the efficient portfolio of assets.
B. There are no taxes, transaction costs, or issuance costs associated with security trading.
C. A firm's financing decisions do not change the cash flows generated by its investments, nor do they reveal new information about them.
D. Investors and firms can trade the same set of securities at competitive market prices equal to the present value of their future cash flows.
Answer:
c
Explanation:
here are their assumptions
All expectations on expected cash flows are homogenous bonds and shares are traded in perfect markets - there are no transaction costs. two investments with identical cash flows, terms and risk must trade at the same price investors can borrow and lend at the risk free rate there are no agency cost investing and financing decisions are independent of each otherThe option, NOT one of Modigliani and Miller's set of conditions often referred to as perfect capital markets, is A. All investors hold the efficient portfolio of assets.
Modigliani and Miller's theory is based on the assumptions that there are no taxes, transaction, issuance, and bankruptcy costs in security trading. It relies on the symmetry of market information and the same borrowing cost for investors and companies. These assumptions do not apply in the real world.
Thus, the wrong option is A. All investors hold the efficient portfolio of assets.
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A manufacturer of disposable foam products entered into a written contract with a take-out restaurant to sell them 5,000 disposable foam food containers per month at 5 cents per food container for a two-year period. Per the contract, payment of $250 was due once a month. The restaurant was also responsible for paying shipping charges, which were payable on a quarterly basis. Finally, the contract stated that if any of the containers were discovered to be damaged, they could be returned for a full refund. However, the contract was silent with regard to the return of any containers that were not damaged. In the last month of its contract with the manufacturer, the restaurant decided to switch to biodegradable, recycled cardboard food containers because its take-out customers complained about the harmful effects of disposable foam products on the environment. The restaurant asked the manufacturer not to ship the final shipment, but the manufacturer refused. The restaurant had not yet made the $250 payment for the final shipment of containers, but it did owe the manufacturer delivery charges for its final quarter. The restaurant returned all of the containers to the manufacturer. In addition, the restaurant sent an envelope with cash for the final shipping charges. In the envelope, the restaurant included a brief memo stating that the cash included was for payment in full, including all food containers and shipping charges. The manufacturer's accounting department received the envelope, read the memo, and deposited the cash. The manufacturer then sued the restaurant for the final payment of $250. Which of the following legal concepts would be the strongest argument against payment of $250?
A. Novation
B. Good-faith modification
C. Estoppel
D. Accord and satisfaction
Answer:
Option B
Explanation:
Since the contract did not mentioned any thing about the retuning of containers that were not defective, it becomes the obligation of the buyer to pay the final delivery amount on the basis of Good-faith modification.
Hence, option B is correct
What is the definition of leadership
Answer:
Leadership is having the ability to lead others or influence them. They are able to guide others to achieve certain things.
Charles and Marcia are married, cash-basis taxpayers. In Year 2, they had interest income as follows: $500 interest on federal income tax refund $600 interest on state income tax refund $800 interest on federal government obligations $1,000 interest on state government obligations What amount of interest income is taxable on Charles and Marcia's Year 2 joint income tax return?
Answer:
$1900
Explanation:
Calculation to determine What amount of interest income is taxable on Charles and Marcia's Year 2 joint income tax return
Using this formula
Taxable interest income=Interest on federal income tax refund+Interest on state income tax refund+Interest on federal government
Let plug in the formula
Taxable interest income=$500 +$600+$800
Taxable interest income=$1,900
Therefore the amount of interest income that is taxable on Charles and Marcia's Year 2 joint income tax return is $1,900
5. Do a SWOT analysis for the business idea you chose in question 2 above. Describe at least 2 strengths, 2 weaknesses, 2 opportunities, and 2 threats for that company idea. (1-8 sentences. 4.0 points)
6. Make a list of at least 3 people you would want to give copies of your business plan to, and explain why you chose each of those people. (1-5 sentences. 3.0 points)
PART I
Answer:
The business idea is that of a Bakery that specializes in pastry that is mixed with fruits.
Explanation:
SWOT
Strengths
Unique Value Proposition which is healthier bread and cake recipes20 years experience in baking which translates to strong industry knowledgeWeaknesses
Insufficient Equipment to go withWeak or zero visibility for new businessOpportunities
Little or no competition as the recipes are unique to meHuge demand for healthier pastry especially in my current locationThreats
The industry is heavily regulated and may be shut down if there are compliance issuesOne competition that knows what they are doing and combines pastry with healthy drinks such as smoothies. We don't do smoothies.Part II
Answer:
The persons I would give the business plan to are:
My family An angel investor who I met on LinkedIn who supports small businesses and start-upsMy banker of over 20 yearsI would give the business plan to my family members because they are the easiest people to raise funds from and also because family, can decide to contribute in cash or in-kind with no interest required.I would give the business plan to an angel investor because their funds are cheaper than those of the banks though a little more difficult to come byBanks always have the funds but the funds come at a higher cost than the first two.Cheers
Daisy McMillan works as the office manager for Timball and Lewis, a medium-sized law firm. One afternoon, she went to the hardware store to purchase a few maintenance items for the office. While there, she also bought her husband a hammer as a birthday present. At the register, the items, including the hammer, totaled $63. She paid for all the items together and received both a carbon copy receipt and a separate credit card receipt. Back at the office, she carefully scratched additional numbers on to the carbon copy receipt to increase the total price to $168 and turned in the altered receipt for reimbursement. Several weeks later, she turned in the credit card receipt along with another reimbursement request for the $63. What type of expense reimbursement fraud did she commit
Answer:
all of the above
Explanation:
found it on quizlet
3. Which of the following is the account title used to include
instances of price adjustment in case if there is a defective item.
A. Sales returns
B. Purchase discounts
C. Sales returns and allowances
Answer:
The correct answer is C. Sales returns and allowances.
Explanation:
Sales allowances are discounts that the seller of the product offers to the buyer when there is some type of failure or error in the product or service offered, that is, the buyer pays a lower price because the quality offered is also lower. In this way, there is a double advantage: on the one hand, the buyer obtains the product at a lower price saving money and, on the other hand, the seller discards a defective product without losing money.
Answer:
C. Sales returns and allowances.
Explanation:
Sales returns and allowances is a deduction from sales that shows the sale price of goods returned by customers, as well as discounts taken by them to retain defective goods.
Hãy lựa chọn một công ty sử dụng dịch vụ nghiên cứu marketing của các nhà cung cấp bên ngoài 1.Lý do công ty phải thuê ngoài 2.Những tổ chức nào đã cung cấp dịch vụ marketing cho công ty? 3.CÔNG TY THUÊ MỘT HAY THUÊ TOÀN BỘ CAC HOẠT ĐỘNG NGHIÊN CỨU MARKETING
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provide a term for the statement: "when businesses produce goods and services that consumers do not want"
Answer:
Productive or technical inefficiency.
Explanation:
Factors of production can be defined as the fundamental building blocks used by individuals or business firms for the manufacturing of finished goods and services in order to meet the unending needs and requirements of their customers.
In Economics, there are two types of inefficiency associated with the production of goods and services, these includes;
1. Allocative inefficiency: it occurs when businesses do not maximise output from the given inputs. Thus, it arises when businesses fail to increase the level of their production or productivity from a number of given inputs.
In conclusion, allocative inefficiency typically occurs when the price of a good or service isn't equal to its marginal cost i.e P ≠ MC.
2. Technical or productive inefficiency: it occurs when businesses produce goods and services that consumers do not want. This is typically as a result of the incorrect and inefficient allocation of scarce resources by a business firm or entity.
Hence, productive or technical inefficiency is a term for the statement: "when businesses produce goods and services that consumers do not want."
Building Big Box is a home improvement store based in Kansas and has been responsible for introducing some of the most innovative new products for the home improvement marketing in the Mid-West region. The Johnson family founded the company fifty years ago, but they now realize they needed to convert the business into a corporation and establish functional areas within the company to handle various aspects of operations. The company is now considering expanding operations by building another facility in Canada. The Board of Directors has approved this move. Which functional area will be responsible for securing the necessary funding for the expansion
Answer: Finance
Explanation:
The functional area that will be responsible for securing the necessary funding for the expansion is the finance department.
The finance department refers to the department in an organization which is responsible for funds acquisition, funds management and planning for the expenditures on assets.
Since the company is expanding operations by building another facility in Canada, the finance department will provide the funds.
business do not maximise output from the given inputs
Answer:
Allocative inefficiency.
Explanation:
Factors of production can be defined as the fundamental building blocks used by individuals or business firms for the manufacturing of finished goods and services in order to meet the unending needs and requirements of their customers.
In Economics, there are four (4) main factors of production and these are;
I. Land.
II. Labor (working).
III. Capital resources.
IV. Entrepreneurship.
When these aforementioned factors of production are combined effectively and efficiently, they can be used for the manufacturing or production of goods and services to meet the unending requirements or needs of the consumers.
Basically, there are two (2) types of inefficiency associated with the production of goods and services to meet the unending requirements or needs of consumers, these includes;
1. Technical (productive) inefficiency: it occurs when a company or business firm produce goods and services that consumers do not want. This is typically as a result of the incorrect and inefficient allocation of scarce resources by a business firm or entity.
2. Allocative inefficiency: it occurs when a company or business firm do not maximise output from the given inputs such as raw materials, capital, etc. Thus, it arises when businesses fail to increase the level of their production or productivity from a number of given inputs.
Hence, when a business do not maximise output from the given inputs, it is referred to as an allocative inefficiency.
In conclusion, allocative inefficiency typically occurs when the price of a good or service isn't equal to its marginal cost i.e P ≠ MC.
Which of the following is an example of strategic human resource management?
1. Meeting with members of a particular department to find out why employee turnover is so high
2. All of the answers are examples of strategic human resource management.
3. Hiring replacements for employees who have left a department with high turnover as soon as possible
4. Taking as much time as necessary to hire replacements for employees who have left a department with high turnover
Answer:
1
Explanation:
Meeting with members of a particular department to find out why employee turnover is so high is an example of strategic human resource management. Thus, the correct answer is option 1.
What is strategic human resource management?Strategic human resource management (HRM) is a framework that connects people management and development practices to long-term company goals and outcomes.
It is concerned with longer-term resource concerns in the context of an organization's goals and the changing nature of work. It also influences other HR strategies, such as reward and performance, by establishing how they fit into the larger corporate plan. It contributes to ensuring that the many parts of people management collaborate to drive the behavior and climate required to create value and reach performance goals.
Therefore, option 1 is the appropriate example of strategic human resource management.
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Domestic production is also known as?
(a) Surplus
(b) Local
(c) Traditional
(d) Subsistence
Answer:
Domestic production is also known as (d) Subsistence.
Explanation:
Gross Domestic Product (GDP) is the final monetary value of the goods and services produced within the country during a specified period of time, normally a year. In simple terms, GDP is the measure of the country's economic output in a year.
which of the following activities is an example of gethering datd by observation
Complete Question:
Which of the following activities is an example of gathering data by observation.
Group of answer choices.
A. Using a database to look up the number of products returned each
week.
B. Conducting a survey of people who took a training course.
C. Reading product features in several suppliers’ online catalogs.
D. Measuring how many parts workers assemble in an hour.
Answer:
D. Measuring how many parts workers assemble in an hour.
Explanation:
An observational study can be defined as a type of study in which a researcher observes and measures the effect of a diagnostic test, risk factors, or treatments on individuals without intervening, changing or manipulating who are or aren't exposed to it (controlled conditions).
Basically, observation is a research method that involves examining a given population in order to gather certain informations about them. Thus, it is typically aimed at observing the activities that are being performed by a population of interest.
Hence, measuring how many parts workers assemble in an hour would be considered to be an example of gathering data by observation because you would have to monitor and keep an eye on the workers as they perform their jobs.
Answer:
Measuring how many parts workers assemble in an hour
Explanation:
