A credit card is a credit facility provided to the customers by a bank to make payments. Josie is required to pay an annual fee for its usage.
What is a Credit Card?It is a plastic card issued usually by a bank, which facilitates its customers in making payments without having the actual money in the bank account, but the amount needs to be paid back to the bank on the due date.
The credit card companies charge a nominal annual fee for their maintenance. so option (d) an annual fee payment done by Josie for using the credit card is True.
Therefore, option d is true in regard to Credit Card.
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Only statement c is true, as credit card companies do not usually charge interest fees if the user pays their balance in full every month. APR can change and late fees are typically not waived, while yearly fees depend on the specific card's policies.
Explanation:The TRUE statement here is letter c: Assume that Josie only uses her credit card to make purchases. She pays the balance on her credit card in full and on time every month. As a result, she pays no interest to the credit card company. This is because credit card companies do not usually charge interest fees if the user pays their balance in full and on time each month. However, the other statements can be false because credit card companies generally reserve the right to raise the APR on a card if it is not locked at a specific rate. Also, late fees are typically not waived, and whether or not a yearly fee is charged depends on the card company's policies.
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The Larson and Gobeli study that compared projects that had been managed in a variety of structural types revealed that new product development projects tended to be MOST effectively executed when the organizational structure was a:
Answer:
Project organization.
Explanation:
The Erik W. Larson and David H. Gobeli study that compared projects that had been managed in a variety of structural types revealed that new product development projects tended to be most effectively executed when the organizational structure was a project organization.
In the long run which of the following is true? The size of a firm's physical plant can be changed but the firm cannot adopt new technology. Total cost = fixed cost + variable cost. The firm can vary its explicit costs but not its implicit costs. There are no fixed costs.
Answer:
There are no fixed cost
Explanation:
Indeed a company may not have fixed costs in the long run because of certain decisions or changes.
For example, if a company's only fixed costs is a piece of land (a fixed assets) it owns, and it then makes enough profit after 10 years that covers the cost of the land, it will no longer have fixed costs anymore.
Answer:
There are no fixed costs.
Explanation:
In economics, the definition of long run is the period of time where all costs are variable. Long run is not something specified, may people confuse it with long term (accounting term) which means more than a year, but the long can be many years from now. On the other hand, the short run is defined as the period of time where at least one of the costs are fixed and cannot be changed.
Short run is a more practical concept while long run is theoretical only, because at no point in time will all costs be variable, at least not with our current economic system. You will always have wages to pay, utilities, furniture, equipment, etc. Also, long run refers to the market being in perfect equilibrium and that is also a theoretical concept, it is not something achievable.
A section in a contract that ensures that providers of goods and services do not encounter unreasonable financial hardship as a result of uncontrollable increases in the costs of or decreases in the availability of something required to deliver products to customers is referred to as a(n) _________.
Answer:
Escalator clause
Explanation:
A section in a contract that ensures that providers of goods and services do not encounter unreasonable financial hardship as a result of uncontrollable increases in the costs of or decreases in the availability of something required to deliver products to customers is referred to as an escalator clause.
Escalator clause: It is a legal clause that allows automatically an increase in the wage or price. These clauses are kept in a contract under certain conditions. It ties the price or wages with the inflation rate, which protects the buyer and seller from loss. It also controls the price of goods and services.
Helen is the vice-president of gotspeed corporation, a company that designs, manufactures and sells sports shoes. nestor, an independent entrepreneur, designs a new shoe that helps the user's foot grip the shoe better, and he calls it the anklator. nestor's friend schedules an appointment for him to meet helen and present the anklator for possible adoption by gotspeed. instead of presenting the opportunity to gotspeed's board of directors, helen pays nestor's asking price and purchases the anklator design for herself. she then quits and forms her own company to manufacture and sell anklator shoes. helen has breached her duty of loyalty to gotspeed corporation by ________.
Answer:
usurping a corporate opportunity
Explanation:
Based on the scenario being described it can be said that Helen has breached her duty of loyalty to gotspeed corporation by usurping a corporate opportunity. This is when an individual takes advantage of an offer that they have access to for being an insider, which the corporation itself could have taken advantage of. This is a breach of the duty of loyalty because the individual works for the company and needs to put the company's best interests first. Which Helen in this case did not.
Answer:
Hijack a corporate opportunity
Explanation:
A director's duty of loyalty is to always act in the best interest of his organization every time and also to avoid any situation that might lead to a conflict of interest or sing corporate opportunity for personal gain
Helen's decision to hijack a corporate opportunity she was privileged to have as a result of her position violates the duty of loyalty she owes the company and is unethical
Take a stab at this question (you’ll need to do some multiplication). Every day, 500,000 drivers in Los Angeles incur an additional 30 minutes of traffic delays when commuting by car to their jobs. In Boston, the delays amount to 45 minutes for 200,000 drivers. If the price of time is $15/hour in Los Angeles and $25/hour in Boston, which city incurs the largest opportunity cost?
Answer / Explanation
Numbers of drivers in Los Angeles that incur an additional 30 minutes of traffic delays = 500000
Neither of the cities
Hence,
L.A. = O.50 hrs. x 500,000 drivers at $15/hr implies a cost of $3,750,000 ) Boston = 0.75 hrs. x 200,000 drivers at $25/hr implies $3,750,000
Final answer:
Both Los Angeles and Boston incur the same opportunity cost of $3,750,000 for traffic delays experienced by drivers.
Explanation:
To calculate the opportunity cost for each city, we need to multiply the number of drivers by the delay (in hours) and then by the price of time. For Los Angeles, the calculation is 500,000 drivers × 0.5 hours × $15/hour. For Boston, it's 200,000 drivers × 0.75 hours × $25/hour.
Los Angeles: 500,000 × 0.5 × $15 = $3,750,000
Boston: 200,000 × 0.75 × $25 = $3,750,000
Interestingly, both cities incur the same opportunity cost of $3,750,000 for the delays experienced by drivers.
In the past year, TVG had revenues of $3 million, cost of goods sold of $2.5 million, and depreciation expense of $200,000. The firm has a single issue of debt outstanding with a face value of $1 million, market value of $.92 million, and a coupon rate of 8%. What is the firm's times interest earned ratio
Answer:
Times Interest Earned Ratio = 3.75
Explanation:
The firm has a debt outstanding of face value $1 million and the coupon rate is 8%.
=> The interest expense of the company could be calculate as following:
interest expense = face value * rate = 1 million x 8% = $0.08 million = $80,000
We have, earnings before tax and interest expense of the firms are:
Earnings before tax and interest = Revenue - Cost - Depreciation expense = 3 million - 2.5 mllion - 200,000 = $300,000
The times interest earned ratio of a company can be calculated with the following formula:
Times Interest Earned Ratio = (Earnings before Tax and Interest)/ Interest Expense
= 300,000/80,000 =3.75
Times Interest Earned Ratio = 3.75
Final answer:
The times interest earned ratio for TVG is calculated as the earnings before interest and taxes (EBIT) divided by the interest expense. Here, the ratio is found to be 3.75 after computing EBIT ($300,000) and Interest Expense ($80,000).
Explanation:
The student's question is related to calculating the times interest earned ratio, which is a financial metric used to measure a company's ability to meet its debt obligations. The firm's times interest earned ratio is calculated by dividing earnings before interest and taxes (EBIT) by the interest expense. To find the EBIT, we need to subtract the cost of goods sold and depreciation expense from the revenues. In this case, the revenues are $3 million, the cost of goods sold is $2.5 million, and the depreciation expense is $200,000.
EBIT calculation:
$3,000,000 Revenue - $2,500,000 COGS - $200,000 Depreciation = $300,000 EBIT
To find the interest expense, we multiply the face value of the debt by the coupon rate:
$1,000,000 * 8% = $80,000 Interest Expense
Finally, to get the times interest earned ratio:
$300,000 EBIT / $80,000 Interest Expense = 3.75
So, the firm's times interest earned ratio is 3.75.
A fitness center is planning to invest in a specialized exercise equipment. This equipment is highly effective, but the club members could be injured if the equipment is not used correctly. The fitness center sends its exercise instructors to a certified training program to learn how to use these machines correctly. This is best classified as:
job/technical training.
Answer:
job/technical training
Explanation:
Based on the scenario being described within the question it can be said that this is best classified as job/technical training. This refers to a specifically designed training program that teaches individuals the specific skills needed to perform their daily job tasks that the managers need them to perform, such as learning to operate specific machinery or information systems.
Seventeen years ago, Susan designed a corrugated steel culvert for a rural road. Her work was accepted and paid for by the county engineering department. Last winter, the culvert collapsed as a loading logging truck passed over. Although there were no injuries, there was damage to the truck and the roadway, and the county tried unsuccessfully to collect on Susan's company's bond. The judge denied the claim on the basis that the work was done too long ago. This defense is known as:________.
(a) privity of contract
(b) duplicity of liability
(c) statute of limitations
(d) caveat emptor
(c) statute of limitations
Answer:
C. Statute of limitations.
Explanation:
Statute of limitations are laws which states the time limit of when legal proceedings must be initiated between concerned parties from the date in which alleged offence was perpetrated.
In statue of limitations, the time limit for somebody is wronged to initiate legal action is not fixed in all jurisdiction. It means that depending on the nature of the alleged offense under statute of limitation, time allowed to institute legal actions varies.
Example of statue of limitation is that for certain states, the time limit to initiate legal case say on fraud is two years. It means that one must bring up the case in a court of law within the stipulated two years period. Once the two year grace elapse, one can no longer sue for fraud in the court of law.
Although there is no time limit for certain offence like murder case, sex offence with minor etc.
As in the case above, the judge threw away the case because according to the law of statute of limitation, a party that is wronged can only sue the wrong doer within the stipulated time as spelt out within the jurisdiction where the alleged offence was committed.
c. The judge denied the county's claim based on the defense known as the statute of limitations.
The statute of limitations is a law that sets the maximum time after an event within which legal proceedings may be initiated. In this case, because the culvert was built seventeen years ago, the judge ruled that too much time had passed for the county to successfully make a claim.
The statute of limitations varies depending on the type of case. For example, in many jurisdictions, a statute of limitations for contract disputes might be around 6-10 years, but this can differ significantly based on local laws and the specific nature of the case.
Tori Amos Corporation began operations on December 1, 2013. The only inventory transaction in 2013 was the purchase of inventory on December 10, 2013, at a cost of $20 per unit. None of this inventory was sold in 2013. Relevant information is as follows.
Ending inventory units
December 31, 2013 100
December 31, 2014, by purchase date
December 2, 2014 100
July 20, 2014 50 150
During the year 2014, the following purchases and sales were made.
Purchases
Sales
March 15 300 units at $24 April 10 200
July 20 300 units at 25 August 20 300
September 4 200 units at 28 November 18 150
December 2 100 units at 30 December 12 200
The company uses the periodic inventory method.
Tori Amos Corporation began operations on December
Tori Amos Corporation began operations on December
Calculate average-cost per unit. (Round answer to 2 decimal places, e.e. 2.76.)
Average-cost
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Tori Amos Corporation began operations on December
Tori Amos Corporation began operations on December
Determine ending inventory under (1) specific identification, (2) FIFO, (3) LIFO, and (4) average-cost. (Round answer to 0 decimal places, e.g. 2,760.)
Specific Identification
FIFO
LIFO
Average-Cost
Ending Inventory
$Entry field with incorrect answer
$Entry field with correct answer
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$Entry field with incorrect answer now contains modified data
Tori Amos Corporation began operations on December
Tori Amos Corporation began operations on December
Calculate price index. (Round answer to 4 decimal places, e.g. 2.7600.)
Price Index
Entry field with incorrect answer now contains modified data
Tori Amos Corporation began operations on December
Tori Amos Corporation began operations on December
Determine ending inventory using dollar-value LIFO. Assume that the December 2, 2014, purchase cost is the current cost of inventory. (Hint: The beginning inventory is the base-layer priced at $20 per unit.) (Round answer to 0 decimal places, e.g. 2,760.)
Ending inventory at dollar-value LIFO
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Answer:
Average cost = $25.30
Ending inventory valuation
A. Specific identification = $4,400
B. FIFO = $4,400
C. LIFO = $3,200
D. Weighted Average = $4,081.50
Price index
Price 1 = $20
Price 2 = $24
Price index = (24 - 20)/ 20 x 100% = 20%
Price 3 = $25
Price index = (25 - 24)/ 24 x 100% = 4.2%
Price 4 = $28
Price index = (28 - 25)/ 28 x 100% = 10.7%
Price 5 = $30
Price index = (30 - 28)/ 30 x 100% = 6.7%
However if the price index is between 2013 and 2014
Price 1 = $20
Price 5 = $30
Price index = (30 - 20)/ 20 x 100% = 50%
D. Based on LIFO and a stock valuation of $30 per unit of stock as at Dec 2.
The ending inventory will be $4,500
Explanation:
Tori Amos
Weighted Average Costs.
First purchase 100 units at $20 = $2,000
2nd purchase = 300 units at $24 = $7,200
3rd purchase = 300 units at $25 = $7,500
4th purchase = 200 units at $28 = $5,600
5th purchase = 100 units at $30 = $3,000
Total purchase = 1,000 units
Total costs = $25,300
Average costs = $25,300 divided by 1,000
= $25.30
Ending inventory Valuation
Based on Specific identification method.
This method identified each item of inventory as a unique stock item and only depletes that stock item when it is sold. In this instance, we haven't been guided on the specifics of each purchase, hence I will apply the FIFO method for this application.
FIFO (First in First Out) is an inventory method that depletes stock usage starting from the oldest stock in hand .
First purchase 100 units at $20 = $2,000
2nd purchase = 300 units at $24 = $7,200
First sale = 200 units
3rd purchase = 300 units at $25 = $7,500
2nd sale = 300 units
4th purchase = 200 units at $28 = $5,600
3rd sale = 150 units
5th purchase = 100 units at $30 = $3,000
4th sale = 200 units
Total purchase = 1,000 units
Total Sales = 850 units
Total balance costs = (50 at $28 + 100 at $30) = $4,400
LIFO (Last in First Out) is an inventory method that depletes stock usage starting from the newest stock in hand .
First purchase 100 units at $20 = $2,000
2nd purchase = 300 units at $24 = $7,200
First sale = 200 units
3rd purchase = 300 units at $25 = $7,500
2nd sale = 300 units
4th purchase = 200 units at $28 = $5,600
3rd sale = 150 units
5th purchase = 100 units at $30 = $3,000
4th sale = 200 units
Total purchase = 1,000 units
Total Sales = 850 units
Total balance costs = (100 at $20 + 50 at $24) = $3,200
WEIGHTED AVERAGE
Is an inventory method that appropriates cost of new additions to older stock balances to arrive at an average cost valuation for all stock in hand .
First purchase 100 units at $20 = $2,000
2nd purchase = 300 units at $24 = $7,200
Average cost = 400 units at $23 = balance cost of $9,200
First sale = 200 units at $23
Balance stock = 200 units at $23 = $4,600
3rd purchase = 300 units at $25 = $7,500
Average cost = 500 units at $24.2 = balance cost of $12,100
2nd sale = 300 units at $24.20
Balance stock = 200 units at $24.20 = $4,840
4th purchase = 200 units at $28 = $5,600
Average cost = 400 units at $26.1 = balance cost of $10,440
3rd sale = 150 units at $26.1
Balance stock = 250 units at $26.1 = $6,525
5th purchase = 100 units at $30 = $3,000
Average costs = 350 units at $27.21 = balance costs of $9,525
4th sale = 200 units at $27.21
Balance units = 150 units at $27.21 = $4,081.50
Price index
Is an approach at measuring change between a base price and a current price expressed in percentage or bases points.
Price 1 = $20
Price 2 = $24
Price index = (24 - 20)/ 20 x 100% = 20%
Price 3 = $25
Price index = (25 - 24)/ 24 x 100% = 4.2%
Price 4 = $28
Price index = (28 - 25)/ 28 x 100% = 10.7%
Price 5 = $30
Price index = (30 - 28)/ 30 x 100% = 6.7%
However if the price index is between 2013 and 2014
Price 1 = $20
Price 5 = $30
Price index = (30 - 20)/ 20 x 100% = 50%
LIFO with variation in prices
If the current cost of inventory is $30 per the question given:
Total balance stock at Dec 2 2014 = 350 units
Total Costs = $30 x 350 = $10,500
4th sales = 200 units
Total balance costs = (150 at $30) = $4,500
To calculate the average-cost, total all costs and divide by total units. Specific identification cannot be determined without more info, while FIFO sells from oldest inventory, and LIFO from newest. Dollar-value LIFO values inventory at the most recent cost.
Explanation:In order to complete the calculation associated with Tori Amos Corporation's inventory practices, we will need to use a series of formulas associated with specific identification, FIFO (First In, First Out), LIFO (Last In, First Out), average-cost, and dollar-value LIFO.
Firstly, for average-cost, we should sum the total cost of all the inventories then divide by the total units, or (300 units*$24 + 300 units*$25 + 200 units*$28 + 100 units*$30 + 100 units*$20) / (300 units + 300 units + 200 units + 100 units + 100 units) for the average cost per unit.
Next, under the specific identification method, it depends on which specific unit was sold, but given the details in the question, we can't determine an exact dollar amount.
For FIFO, we sell from the oldest inventory first, then for LIFO, we sell from the newest.
Finally, dollar-value LIFO involves deflate ending inventory using price index, inflate beginning inventory using the price index, and if ending > beginning, then add to the LIFO layer. The base layer at the beginning will be 100 units * $20.
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Lee, a salesperson for Macro Corporation, learns that Macro will increase the dividend it pays to shareholders. Lee buys 1,000 shares of Macro stock. When the price increases, Lee sells his shares for a profit. Lee would not be liable for insider trading if the information about the dividend was
Answer:
public before he bought the stock
Explanation:
The dividend is a sum of money paid by a company regularly to its shareholders out of its profits.
Insider trading refers to the illegal practice of trading on the stock exchange on having confidential information regarding the shares.
In this question,
Lee would not be liable for insider trading if the information about the dividend was public before he bought the stock.
Mattel views the toy market as composed of four age groupings, each with different needs and desires. Each of these groups are known as an undifferentiated market. heterogeneous. a market segment. a marketing mix. a concentrated market.
Answer:
the answer is a market segment
Explanation:
a market segment is a sector in the market that has potential customers and consumers that have similar characteristics and similar tastes along with more or less similar purchasing power.
because of this, the consumers in a market segment will react in a similar way (most of the time) to a given marketing campaign.
Bob, a salesperson at a Carpets Galore store, tells Dita, a customer, "Buy your carpet here, and I'll install it for half of what the store would charge." Dita buys the carpet, which Bob installs for half the store's price. Bob keeps the money. Bob has breached
Answer:
Duty of Loyalty
Explanation:
The duty of loyalty, described as a duty, is the duty of a person to act in the best interests of their company, which is not to waste when the individual sees corporate opportunities for their personal benefit, avoid personal interest in transactions between the company and other parties, and keep company information private. . The duty of loyalty that can be seen when Bata engages himself in an interested transaction for the sale of the carpet.All of the following statements are true of the soup industry EXCEPT: Select one: a. There is high growth in "convenience" soup categories. b. More than 50% of soups are still sold in supermarkets. c. There is little innovation in the category. d. Soups continue to be perceived as a year-round buy.
Answer:
the false statement and the correct answer is c. There is little innovation in the category.
Explanation:
As one of the highest growing sectors in fast moving consumer products sector, there is alot of innovation in the soup industry. specialy, the ready-made soup are now increasing.
moreover, in terms of flavors, tastes and the convenience, there is alot of innovations going on. to make it faster to make and takes less time to prepare the soup.
Also, the packaging and marketing strategies and innovations are changing as well.
A 30-year 6% callable corporate bond with a face value of $10,000 was issued in June of 2000. It is now June of 2015, the call protection has expired, and the bond can be immediately called at a call price of 102% of par. As of today, similar bonds trade to yield 3%. How much would the issuer have to pay to the existing bondholders if they were to call the bond? Express your answer in dollars and cents. Do NOT enter the dollar sign
Answer:
13,581.38
Explanation:
We have to calculate the bond's present value using 3% as a discount rate. I will use an excel spread sheet and the NPV function:
n = 15 yearspayments 1 - 14 = $600payment 15 = $10,600r = 3%=NPV(3%, 14 payments of 600, 10600) = $13,581.38
The market value of the bond is $13,581.38, so if the issuer wants to call the bonds, they will need to offer much more than the $10,200 call price since no one would sell them for an amount below their market value.
Every item in the Just a Dollar store is priced $ 1.00 . When Jack opens the store, there is $ 100.00 in the cash register. When he counts the money in the cash register at the end of the day, the total is $ 667.10 . If the sales tax rate is 7 % , how many items were sold that day?
Answer:
530
Explanation:
Total sales $667.1
Opening Balance ($100)
Sales during the day including sales tax $567.1
Taking out impact of sales tax=$567.1/1.07=$530/1=530 units were sold out during the day
Answer:
Explanation:
The price of the item = $ 1.00
total revenue of the day = $ 667.10 - $ 100 ( where $ 100 is the initial amount present from the beginning) = $ 567.1
sales tax = 7 % = 0.07
let number of items sold = n, total amount sold that day = $ 1 n
total tax = 0.07 n
$ 567.1 = n + 0.07 n
n = $ 567.1 / (1.07) = 530 items
13. In an efficient market the correlation coefficient between stock returns for two non-overlapping time periods should be a. positive and large. b. positive and small. c. zero. d. negative and small. e. negative and large.
Answer:Option C
Explanation:
According to the Efficient market Hypothesis (EMH) the prices of the product reflect the information. Based on this data the investors plan to invest in the passive investment strategy.
In the efficient market the security prices have quick effects to the new data. The stock share price has random walk in efficient period .The correlation coefficients has to be Zero, or else the returns from one period is used to predict returns of future periods and make abnormal profits.
The balance of payments (bop) measures all international transactions between two countries. the chart below shows six different transactions between the us and china united states china • purchased $800 of goods and services • sent $100 of humanitarian aid • americans spent $200 in chinese stock market • american tourists spend $1000 in china • chinese tourists spend $1000 in the us • purchased $300 of goods and services • chinese purchased a $600 business in the us • chinese government purchased us. bonds
a. which country has a trade deficit and which has a trade surplus
Answer:
Answer: US had a trade deficit and China had a surplus in its BOP
Explanation:
Inflow to US economy / Outflow of Chinese economy
1. Chinese tourist spent $ 1000
2. Chinese purchased a business $600
3. Puchased goods $300
Total Inflow $1900
US Outflow / China' inflow
US purchases goods $800
Sent aid $100
Investment in stocks $200
US tourist spent $1000
Total Outflow $2100
US had a trade deficit and China had a surplus in its BOP
Chinese government purchase of US bonds' value is not given, the purchase will be treated as credit to US BOP and the income received will be credit to China's BOP.
The US has a trade deficit of $500 after importing $1800 worth of goods and services and China has exported $1300 to the US, resulting in a trade surplus for China.
Calculating Trade Balance between the US and China:
To determine which country has a trade deficit and which has a trade surplus, we must compare the value of imports and exports between the two nations.
United States Transactions:
Purchased goods and services: $800 (Import)Humanitarian aid: $100 (Not counted in trade balance)Spent in Chinese stock market: $200 (Financial transaction, not trade)American tourists spend in China: $1000 (Import)Chinese Transactions:
Purchased goods and services: $300 (Export)Chinese purchased a business in the US: $600 (Financial transaction, not trade)Chinese government purchased U.S. bonds (Financial transaction, not trade)Chinese tourists spend in the US: $1000 (Export)Adding these up, the US has imported a total of $1800 worth of goods and services, while China has exported a total of $1300 worth of goods and services to the US.
The US has a trade deficit of $500 ($1800 - $1300), and China has a trade surplus of the same amount.
Ellie and Brendan both produce apple pies and vanilla ice cream. If Ellie’s opportunity cost of one apple pie is 1/2 gallon of ice cream and Brendan’s opportunity cost of one apple pie is 1/4 gallon of ice cream, Ellie has a comparative advantage in the production of ice cream. a. True b. False
Answer: True
Explanation: Opportunity cost this is the profit lost when one alternative is selected over another based on choice. It's helps us examine all possible alternative before taking decisions. Ellie's has a competitive advantage in Ice cream production due it's opportunity cost for its next best alternative which is half (1/2) for ice cream compared to Brendan's one quarter (1/4) for same product.
Answer:
False
Explanation:
Comparative Advantage was propounded by David Ricardo.
It states that a country or an individual has an advantage over the other if it can produce a product at a lower opportunity cost.
Opportunity cost is the alternative forgone. It can also be called REAL COST or TRUE COST.
Ellie has a higher opportunity cost of producing ice cream compared to Brendan. She doesn't have a comparative advantage.
Brendan has a comparative advantage because she has a lower opportunity cost.
An accounting firm is capable of processing 20 income tax forms per day. The average number of forms in various stages of processing at any one time in the firm is 64. What is the average processing time per income tax form?
Answer:
The average processing time per income tax form is more than 3 but less than or equal to 4 days.
Explanation:
The average processing time per income tax form is an average number of days it takes to process an income tax form.
WIP = R x T
Where: WIP = Work in progress; R = Rate; and T = Time
WIP = R X T or 64
WIP = 20T = 64
T = 64 / 20 = 3.2 days
Therefore, the average processing time per income tax form is more than 3 but less than or equal to 4 days.
Why must operating budgets (The operating budgets include the budgets for sales, manufacturing costs (materials, labor, and overhead) or merchandise purchases, selling expenses, and general and administrative expenses) and the capital expenditures budget be prepared before the cash budget
Answer:
To finance all the budgets sets or in other words finance the departments to achieve the objective set.
Explanation:
The business use budgets as a means to allocate resources to different departments to achieve objectives and in resources cash is one of the best resource the company have. After deriving the cash effects from each of the business operations which include spending and earning. The net effect will go to the cash budget to summaries how much we must have money in hand to fund all these in each month of the year. So to finance the resources allocated we have to plan for having cash in hand to fund these operations set in the budget to achieve the target. Let me explain it with a small example that if you want to go to Texas tomorrow say and you planned to explore the main areas, the traveling cost estimation, food and hotel stay, etc. The last thing you will be assessing the cash budget. If you run out of money you will not be able to achieve the set target so the cash is very important resource which must be allocated in a meaningful way to achieve objects.
Suppose that for each one-percentage-point increase in the interest rate, the level of investment spending declines by $1 billion. the change in the interest rate (according to the change you made to the money market in the previous scenario) therefore causes the level of investment spending to by .
Answer:
We expect investment spending to increase by $ 1 billion
Explanation:
If investment decreases by $ 1 billion if a 1 % change is made then that is sensitivity of investment to change in interest rate. Thus if there is a 1 % reduction in interest rate we expect to see a $ 1 billion increase in spending if this holds true.
Enterprise Rent-A-Car was able to model and better understand how service requests were handled and then optimize the process, greatly benefiting the customer experience. Enterprise achieved this benefit using which tool?
Answer: Business process management
Explanation:
Business process management(BPM) is the tool through which the firm does its designing, modeling, executing, monitoring and optimization of their operations. all the activities are designed to achieve the organisational goals.
Through using the BPM tool Enterprise Rent A car was able to improve its efficiency in performance and productivity. When efficiency is achieved through optimization the customer satisfaction can also be achieved. With betterment in process the capability of the firm to provide deliverable also increases. BPM helps organizational leaders to know the various processes that happen within their organizations.
Trade between the middle east brought the black death to europe because
Answer:
Trade between the middle east brought the black death to europe because some of the trading ships passing the trade route was infested with rats that carried the plague.
Explanation:
The Black death also referred to as the bubonic plague was pandemic that was brought about by trade between the Middle East and Europe on the silk road. This plagues killed over 30 to 50 million people when it started from the year 1346 to 1352.
The black death was caused by a Enterobacter bacteria called Yersinia pestis which is present in the vector flea called Oriental rat flea carried by host which were rodents(rats). The rats infested the trading ships from Genoese who came to Europe via Italy. The Black death spread from Asia, down to Europe, Africa and finally the Middle East.
This disease spread from animal to human as well as human to human contact. The characteristics symptoms of this disease includes the presence of boils on the body of the sick that turned sores and the sores eventually became black, hence the name black death. Other symptoms included warm, swollen lymph nodes in the groin or armpit, very high fever, headaches, muscle pain after which death was the end result for some people.
Answer:
Trade between the middle east brought black death to Europe because the black death spread through trade routes and when people travel along these trade routes the brought the plague with them and infected others with it.
Explanation:
The medieval silk road is a trade route through which goods, ideas and spices are brought from China and central Asia to Europe, resulting to the spread of the plague in Europe. The black death was an epidemic that happened between 1347 and 1400 spread through contacts with animals. which rat was one of. Rats lived with humans at that time thus increasing the spread of the disease.
Historians named the plague 'Black death', blaming Trade for the spread of the disease. because of the movement of goods through trade routes, The plague had a devastating effect on the world in the mid fourteen century. The plague established itself in central Asia and started spreading to the middle East, Northern African and Europe.
Which of the following is TRUE about objective criteria?
a. Their scope is often quite narrow.
b. They are often based on personal experience.
c. They are often based on a person's judgment.
d. They are often expressed as ratings.
Answer: C. They are often based on a person's judgment is the original fact about objective criteria.
Explanation:
The objective criteria are often well explained with the reference of our thought of appropriate reasoning thought. It will be the clear choice of preference of the individuals. This is often used in the decision of the customers to convey their wish to buy a certain type of product.
The valuable unbiased nature of choosing the particular product is usually considered as the important factor of individuals Judgement. It will force the customer to act effectively to scrutinize the quality and the history of the product description.
Jane, a stock analyst, is giving a sales presentation to a group of clients. She talks about the various investment options available. She gives each of them a few sheets of paper that contain all the important points covered in the sales presentation because it would help them remember what was discussed during the sales presentation. In this case, the bunch of papers is most likely known as a(n):
Answer:
handout
Explanation:
Jane, a stock analyst, is giving a sales presentation to a group of clients. She talks about the various investment options available. She gives each of them a few sheets of paper that contain all the important points covered in the sales presentation because it would help them remember what was discussed during the sales presentation. In this case, the bunch of papers is most likely known as an HANDOUT
Answer:
Handout
Explanation:
A handout is a tool or an aid given to an audience during a presentation or meeting or any form of formal business gathering containing useful information on what the presenter is speaking about. It accompanies the lecture providing extra/additional information. In this case, the few pieces of paper which was shared by Jane who was the presenter that contained important points covered in the sales presentation is called a Handout.
Identify the corrective control below.
a. Reconciling the bank statement to the cash control account.
b. Approving customer credit prior to approving a sales order
c. Maintaining frequent backup records to prevent loss of data
d. Counting inventory on hand and comparing counts to the perpetual inventory records
Answer:
The answer is D. Counting inventory on hand and comparing counts to the perpetual inventory records
Explanation:
Corrective controls are designed to correct errors or irregularities that have been detected and this can only be achieved if comparison of counts are made be going through the records another time.
When using the continuum leadership model, before selecting one of the seven leadership styles, the leader must consider all of the following variables EXCEPT: the boss. the subordinates. the situation/time. the task structure.
"The correct answer is: the boss. The continuum leadership model, also known as the situational leadership model, suggests that leaders should adapt their style to fit the development level of their followers and the specific task at hand.
The variables that a leader must consider before selecting one of the seven leadership styles include:
1. The subordinates: Their competence, commitment, and motivation are crucial factors in determining the appropriate leadership style.
2. The situation/time: The context in which the task is being performed, including time constraints and environmental factors, can influence the leadership approach.
3. The task structure: The clarity and complexity of the task can dictate the level of direction and support required from the leader.
The variable that is not typically considered in this model is the boss. While the boss or superior may influence a leader's behavior, the continuum leadership model primarily focuses on the leader's interaction with subordinates, the nature of the task, and the situational context. The leader's own development, preferences, and the influence of their superiors are not explicitly part of the model's core variables for selecting a leadership style."
The project will require an investment of $10,000 in new equipment. the equipment will have no salvage value at the end of the project's four-year life. fox pays a constant tax rate of 40%, and it has a weighted average cost of capital of 11%. determine what the project's net present value would be when using accelerated depreciation.
Answer:
The answer is attached
Explanation:
In 2009 the federal excise tax on cigarettes was raised. In response, the CDC noted that "... because low-income groups are more responsive to price increases, increasing the real price of cigarettes can reduce cigarette consumption among low-income smokers by a greater percentage than among higher-income smokers, and thereby diminish socioeconomic smoking disparities."This quote by the CDC implies what economic outcome?
Answer:
The increase in excise tax will work as a negative incentive for lower income groups who smoke, thus lowering the rate of smokers in this group.
Explanation:
Price raising of cigarettes is been considered to be for the lessen the usage of cigarettes and is been considered to be most effective step taken for this method.
The resulting increase in price may cut down the number of people using them at a very high rate. Case study gave the survey reports as 5 to 6% downfall of the rates of using cigarettes.
It is also seen that smoking is generally done by the most low income, working- class and the low education people.
The study shows that imposition of taxes had lead to a decrement of cigarettes using people. The increase in the excise taxes will work as a incentive of negative in nature for those of the groups belonging to lower income and hence lowering the rate of people using it in this group.
If the total for this month's credit purchases is $550 at 24% annual interest, what is the total balance for the month after one month of interest accrues?
Answer:
560
Explanation:
Thats your answer.
Answer:
561
Explanation:
Answer on knowledge matters