Business

How much must you invest now in a savings account that earns 11.5% per year if you would like to have $2500 in 7 years?
1 Answer
On September 30, the Cash account of Value Company had a normal balance of $5,000. During September, the account was debited for a total of $12,200 and credited for a total of $11,500. What was the balance in the Cash account at the beginning of September?a. A $0 balance.b. A $7,400 credit balance.c. A $7,400 debit balance.d. A $6,000 debit balance.e. A $6,000 credit balance.
1 Answer
An economy that maximizes its scarce resources and can deliver the right goods in the right quantity to the right people at the right price has achieved which economic goal?a. Efficiencyb. Freedomc. Securityd. Equity
2 Answers
Retained earnings a.over time will have a direct relationship with the amount of cash on hand if the corporation is profitable. b.cannot have a debit balance. c.is the cumulative total of net income plus dividends. d.is the cumulative total of net income, minus net losses, and minus dividends.
1 Answer
"The financial leverage multiplier is the ratio of" ________. A. current assets to current liabilities B. total assets to total debt C. current assets to common stockholders' equity D. total assets to common stockholders' equity
1 Answer
If one firm has a higher total debt to total capital ratio than another, we can be certain that the firm with the higher total debt to total capital ratio will have the lower TIE ratio, as that ratio depends entirely on the amount of debt a firm uses.True / False.
1 Answer
Two years ago, you invested $3,000.00. Today, it is worth $3,750.00. What rate of interest did you earn?
1 Answer
Michelle Sargol offers to pay $9,000 for a particular car located on John Webers car lot. Weber accepts Sargols offer and promises to transfer title next week, at which time Sargol will pay for the car. The next day, Laura Kavanaugh visits the car lot and offers to pay Weber $10,000 for the same car. Can Weber accept Kavanaugh's offer?
1 Answer
Elena, an employee at ABC Marketing, has observed misconduct at work and wonders if she should report it. In the end she decides not to do so because of the possible repercussions at work. Which of the following has determined the Elena's action?a. Organization factorsb. Individual factorsc. Opportunityd. Control issuese. Corporate culture
1 Answer
Vasco's utility function is: Upper U equals 10 Upper X squared Upper ZU = 10X2Z The price of X is px = $55, the price of Z is pz = $2020, and his income is $150150. What is his optimal bundle? (round your answer to two decimal places)
1 Answer
A management trainee at an organization with a pyramid structure is unhappy with the way he is treated by his immediate supervisor. Instead of discussing this privately with his supervisor, he complains directly to the senior manager. What is the type of political blunder committed here?a) Criticizing the boss in a public forumb) Failing to display loyaltyc) Bypassing the bossd) Being tactless
2 Answers
Select the correct text in the passage. Which statement from the following text signifies a specific goal? Fiona was conducting an employee motivation exercise on the company retreat. The idea was to help the employees in creating specific goals in their lives. The exercise would help the employees realize their goals and state them clearly. In this way, they could effectively visualize their goal and work comprehensively towards achieving it. The exercise began as Fiona asked all the present employees to write down one of their goals on a piece of paper and writing their name on the back of the paper. They had to submit the papers at the end of the exercise. These individual goals would be made into proper laminated certificates and presented back to each employee with their respective goal written on it. Rachel received a certificate, which read her goal as being able to succeed in life. Harold displayed his certificate, which read his goal as being able to acquire three clients in one month. George got his certificate and he pinned it up on his desk. It said that his goal was to be able to lead others in his life. Vivian proudly displayed her certificate, which read her goal as becoming the vice-president of her company.
1 Answer
In January 2017, Domingo, Inc., acquired 20 percent of the outstanding common stock of Martes, Inc., for $889,000. This investment gave Domingo the ability to exercise significant influence over Martes, whose balance sheet on that date showed total assets of $4,808,000 with liabilities of $968,000. Any excess of cost over book value of the investment was attributed to a patent having a remaining useful life of 10 years. In 2017, Martes reported net income of $225,000. In 2018, Martes reported net income of $276,250. Dividends of $104,000 were declared in each of these two years. What is the equity method balance of Domingos Investment in Martes, Inc., at December 31, 2018?
1 Answer
The key feature of an oligopolistic market is that Select one: a. a single firm chooses a point on the market demand curve. b. each firm produces a different product from other firms. c. a small number of firms are acting strategically. d. each firm takes the market price as given.
2 Answers
Harper Co. incurred an apparently permanent inventory loss from market decline of $840,000 during June year 1. What amount of the inventory loss should be recognized in Harpers quarterly income statement for the 3 months ended June 30, year 1?A. $840,000B. $280,000C. $210,000D. $420,000
1 Answer
Households: a. are the largest purchasers of resources. b. supply goods and services. c. play a very minor role in an economy. d. set the price for goods. e. own and sell resources.
1 Answer
Eileen, a manager at an international restaurant chain, wants to know if it will be most cost effective to buy 1,000 pounds of sugar in Country X or in Country Y using U.S. dollars. Which of the following is Eileen most likely trying to determine? A) Purchasing power parity. B) Economic growth rate. C) Gross domestic income.D) Gross national product.
1 Answer
Which sentence in the text signifies the tangibility of goods? Valerie went to a supermarket to buy some oranges. She entered the floor of the store where she found many fruits kept in cases. She asked the store helper to direct her to where the oranges were kept. She then checked the texture of the fruits to make sure they were fresh. She checked the price of the oranges. Later, at the cash register, she chose to pay with a credit card.
2 Answers
A non bottleneck worker currently has an idle time of 20 seconds per unit. Because of the large demand, the company improves the process by adding more capacity to the bottleneck. How does this impact the idle time of the worker? 1. The idle time would decrease. 2. The idle time would stay the same. 3. The idle time would increase. 4. Cannot determine from the given information.
2 Answers
Danielle Corporation received $2,000,000 from investors and issued them shares of its stock. Danielle's journal entry to record this transaction would include a: a. Credit to revenue. b. Debit to investments. c. Credit to common stock. d. Credit to retained earnings.
1 Answer
Ritufa Foods, a food processing company, has collaborated with a nonprofit organization in an initiative to fund salad bars in schools across the country. A small percentage of the money that consumers use to buy products of Ritufa Foods will be given to the nonprofit organization. The money will then be used by the nonprofit organization to fund the salad bars. This partnership with the nonprofit organization is an example of _____. a. relationship marketing b. green marketing c. effect-related marketing d. cause-related marketing
1 Answer
The cost of negative externalities that harm the environment, such as pollution costs: a. cause GDP to underestimate true welfare in the economy. b. are not included in GDP. c. cause GDP to decline, but by only the cost of cleanup. d. negatively affect the level of GDP by the full amount of the damage.
1 Answer
A logically related set of activities that defines how specific business tasks are performed and represents a unique way in which an organization coordinates work, information, and knowledge is called a(n) __________.
1 Answer
You have two options to repay a loan. You can repay $6,000 now and $5,940 in one year; or you can repay $12,000 in 6 months. Find the annual effective interest rate(s) i at which both options have the same present value.
1 Answer