According to the law of demand,
a. a decrease in price increases demand.
b. an increase in price decreases demand.
c. an increase in income increases demand.
d. a decrease in price increases quantity demanded.

Answers

Answer 1

Answer:

d. a decrease in price increases quantity demanded.

Explanation:

Law of demand: According to the law of demand, if the price of the good decreases, the quantity demanded would increase and vice versa. It shows an inverse relationship between price and quantity demanded. That's why its curve is always downward sloping

It effects the price and quantity demanded only and other things remain constant.


Related Questions

A team of writers is just beginning a new documentation project. On their last project, the client complained that the completed document kept switching from active to passive voice and that the design of the headings was not visually consistent. Which of the following is the team’s best approach for avoiding such problems on the current project?
a.) Discuss cultural differences
b.) Create a style sheet
c.) Choose a group leader with strong editing skills
d.) Establish clear work procedures

Answers

Answer:

b.) Create a style sheet

Explanation:

According to my research on writing and editing processes, I can say that based on the information provided within the question the best approach for avoiding such problems on the current project would be to create a style sheet. This refers to a record of types of changes made during the editing process and often covers all the types of errors that can be found in a certain document. This will allow them to fix the requests made by the client and not redo them by mistake later on.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

Final answer:

The team's best approach to maintaining consistency in voice and design in their new documentation project is to create a style sheet and establish clear work procedures. A group leader with strong editing skills can also oversee these measures to ensure consistency.

Explanation:

To avoid issues with inconsistent use of active and passive voice and visually inconsistent heading designs in a new documentation project, the team's best approach would be to create a style sheet. A style sheet serves as a guideline for writers and editors to maintain consistency in voice, design elements, and formatting throughout the document. It helps prevent discrepancies and ensures that all team members are adhering to a unified style.

Beyond choosing a style sheet, it's also beneficial to establish clear work procedures to define roles, tasks, and the overall workflow. This may include regular reviews and check-ins to ensure adherence to the style sheet and to catch any deviations early on.

Appointing a group leader with strong editing skills might also help in maintaining the consistency of the document, as they can oversee the implementation of the style sheet and the work procedures, providing editing and feedback where necessary. However, the creation of a style sheet and establishment of clear work procedures would be the foundational steps in addressing the client's concerns.

Duverger’s Law states that a) proportional representation systems result in two-party systems. b) one-party systems are the result of white flight. c) single-member district systems result in two-party systems. d) presidential Republicanism results in ticket splitting.

Answers

Answer:

c) single-member district systems result in two-party systems.

Explanation:

Duverger’s Law -

This law was given by the french sociologist , Maurice Duverger in 1950s  ,

according to law , the single - member districts tends to favor the two - party system , but in the proportional representation and the double ballot majority system tends to favor the multipartism .

Hence , from the statements given in the question , the correct statemnet fro the Duverger's law is ( c ) .  

Final answer:

Duverger's Law articulates that single-member district systems often lead to two-party systems. This principle, derived from the observations of French sociologist Maurice Duverger, does not associate with proportional representation, white-flight induced one party systems, or presidential Republicanism triggering ticket splitting.

Explanation:

Duverger's Law, named after the French sociologist Maurice Duverger, is a principle that refers to the concept that single-member district systems often result in two-party systems. The theory suggests that there is a systematic relationship between electoral systems and party systems, with single-member district systems creating a propensity towards two dominant parties.

The correct option in the given list is c) single-member district systems result in two-party systems. This principle does not directly relate to the concepts of proportional representation, one-party systems caused by white flight, or presidential Republicanism leading to ticket splitting.

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A performance obligation is:
a. An enforceable expectation of a customer to receive a good or service from the seller.
b. An offer to transfer a good or service to the customer
c. An expectation of a customer for the receipt of a good or service by a vendor
d. A promise in a contract with a customer to transfer a good or a service to the customer

Answers

Answer:

.

Explanation:.

Oswald Publishing is a monopsonist that just increased its workforce from 100 to 101 employees. It is paying the new employee $17 per hour. All of the other employees were earning $16 per hour, but they were all given raises to $17 to maintain fairness. What is the marginal factor cost?

Answers

Answer:

The answer is: Marginal factor cost of labor per hour is $117 for one new worker.

Explanation:

The marginal factor cost of labor per hour can be calculated using the following formula:

                   

                                          change in total factor cost

marginal factor cost  =      ____________________

                                          change in factor quantity

                                          ($17 x 101 workers) - ($16 x 100 workers)

marginal factor cost  =      _______________________________

                                                 101 workers  -  100 workers

marginal factor cost  =   ($1,717 - $1,600) / 1 = $117

Marginal factor cost of labor per hour is $117 for one new worker.

                                         

                                       

"A property has an annual before-tax cash flow of $100,000 and income taxes of $12,000. ?The investor has $2 million invested in this property. What is the investor's cash-on-cash return"

Answers

Answer:

The investor's cash-on-cash return is 5%

Explanation:

The formula to compute the cash on cash return is shown below:

= (Annual before-tax cash flow) ÷ (total invested amount)

= ($100,000) ÷ (2,000,000)

= 0.05

= 5%

There is no use of the income tax so we do not consider it in the computation part. Hence, ignored this income tax expense

It is always expressed in the percentage form.

A computer manufacturer seeks to cut costs by designing an inventory system that reduces the number of finished products in stock due to overproduction and to set in place a production schedule that better matches customers' orders. This is an example of ____.

a) Operations Management
b) Scientific Management
c) Production Management
d) Inventory Oversight
e) Inventory Analysis

Answers

Answer: Operations management

       

Explanation: In simple words, operations management refers to the process of monitoring business practices so that the labor and materials could be converted to goods and services as efficiently as possible. This efficiency will ultimately increase the profit of the organisation.

In the given case, the computer manufacturer is making changes with the inventory system so that overproduction could be reduced and customer satisfaction could be increased. Hence he is doing so with the goal of maximizing profit.

Hence from the above we can conclude that the correct option is A.

The​ Frito-Lay plant applies a product focus​ strategy, which is appropriate for what type of​ producer? A. ​low-volume, high-variety B. ​low-volume, low-variety C. ​high-volume, low-variety D. ​high-volume, high-variety

Answers

Answer:

The correct answer is C. high-volume, low-variety

Explanation:

Frito-Lays plants produce under the low-variety, high-volume process model common in commercial baked goods and the beer industry. Preventive equipment maintenance is critical to avoid downtime costs.

This model ensures a high flow of products, anticipating the high demand that the company has.

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Peachtree Company borrows $30,000 from the local bank at 7% interest. The term of the note is five years, and the annual payments remain constant at $7,317. Determine the interest expense Peachtree Company should record in the second year.

Answers

Answer:

Determine the interest expense Peachtree Company should record in the second year. $ 1734.83

Explanation:

Interest = balance x interest %

              =24783.28*7%

               =1734.83

Due Date" "Payment                Interest Principal Balance

                                      30.000,00

1 1/1/20 7.316,72   2.100,00 5.216,72 24.783,28

2 1/1/21 7.316,72   1.734,83 5.581,89 19.201,39

3 1/1/22 7.316,72   1.344,10 5.972,62 13.228,77

4 1/1/23 7.316,72   926,01 6.390,71 6.838,06

5 1/1/24 7.316,72   478,66 6.838,06 0,00

Tamara and her children live in a subdivision with a tennis court and swimming pool. Her children are thrilled to be able to use these wonderful amenities. Who actually owns the tennis court and swimming pool? Tamara and her children reside in which type of common interest development?A. The tennis court and swimming pool are owned by the investors in the subdivision development. It is a Planned Unit Development.B. The tennis court and swimming pool are owned in common by all the property owners. It is a Planned Unit Development.C. The tennis court and swimming pool are owned in common by all the property owners. It is a subdivision.D. None of the Above.

Answers

Answer:

The correct answer is B. The tennis court and swimming pool are owned in common by all the property owners. It is a Planned Unit Development.

Explanation:

The planned unit developtment is a type of possession where individuals actually own the building or Unit in which they live but there are common areas that are jointly owned with the other members of the development or association. Unlike a Condominium, where individuals actually own the airspace of their unit, but common buildings and areas are jointly owned with others in a development or association.

The market for breakfast cereal is currently in equilibrium. Suddenly there is a storm that destroys the wheat that farmers had been growing for the cereal manufacturer. What will happen to the cereal market after the storm?

a) Demand will decrease.
b) Supply will increase.
c) Demand will increase.
d) Supply will decrease.

Answers

Answer:

C

Explanation:

It will need to decrease Because the wheat is gone, so it decreases the amount of cereal made.

Refer to Closing Case 1 - Mobile CRM at Disney World: The intent of Disney’s MyMagic+ system is to better track the use of credit cards at Disney’s parks.
True or False ?

Answers

Answer:

false

Explanation:

that's because they don't need to use that

Answer:

False

Explanation:

Nakato, a South Asian country, exported goods worth $500 million and imported goods worth $400 million in the last fiscal year. The country also made foreign investments worth $300 million and provided foreign aid worth $100 million in disaster relief. Besides this, the country took a loan of $5 billion from the World Bank. This flow of money into and out of Nakato is measured by _____.

Answers

Answer:

This flow of money into and out of Nakato is measured by 'Balance of payments'.

Explanation:

We are asked to determine the type of flow of money into and out of Nakato.

We know that a systematic record that represents all economic transaction between the residents of a country and rest of world in a given time period is known as balance of payments.

This transaction can be in different forms.

The exchange of goods for goods,Services for goods,Services for services,Services and goods for money.

Therefore, the given flow of of money into and out of Nakato is measured by 'Balance of payments'.

Answer:

(D) Balance of Payments.

Explanation:

Balance of payments accounts are the books of a country where it saves all the transactions between own country’s citizens and the rest of the world.

It includes three accounts, i.e. current account, capital account and financial accounts.  

Here, following exchanges are included in Balance of Payments

Goods for goods: Like in the case, exported $500 million goods for $400 million goods

Services for goods: This happens when one country provide goods for other’s services

Services for services: Services are exchanged between two countries

Services and goods for money: Both services and goods are exchanged for money, like international projects.

Labor market forces affecting organizations right now include the growing need for computer-literate knowledge workers and the necessity for continuous investment in human resources through recruitment, education, and training. True or false?

Answers

Answer: True

Explanation: The business nowadays is running fast and the organisations are using latest technologies for their business operations. These technologies could be used only by efficient knowledgeable employees.

     Thus, the organisations are constantly demanding employees with proper computer knowledge. Also, the organisations are running on the perception that human resource is the most important resource for them.

Therefore, the education and recruitment of employees is considered as must.

Hence we can conclude that the given statement is true.

Which of the following is least likely to be a question or study of economic​ concern? A. What are the benefits to Tampa Bay of hosting the Super​ Bowl? B. What is the motivation of the Red​ Cross? C. Is anything really​ free? D. How connected is productivity and​ wage?

Answers

Answer:

The correct answer is B.

Explanation:

Economics is a social science that studies how available resources can be managed to meet human needs.  It studies the behavior and actions of human beings in the face of different situations in which a need or a demand for an object or service arises.

The economy never takes into account the motivation behind an action. It simply evaluates the need that is satisfied, the management of resources to meet it and the actions that are carried out to achieve the objective.

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Justine went to the specialty grocery store by her office after work. When looking at the offerings at the meat counter, she was surprised to see ground beef selling for $4.49/lb. At her normal grocery store, she can get the same quality beef for $3.29/lb., a price Justine feels is reasonable. $3.29/lb. for ground beef is Justine's __________.

Answers

Answer:

The correct answer is reference price.

Explanation:

Consumers generally tend to compare the price of all the products. They purchase the product that they find priced reasonably and fairly. The product price that consumers use to make a comparison is called the reference price.

It is generally a previously advertised product or a competitor's product that is used for reference purposes. The reference price is considered justified by consumers.

Valerie has opened a new startup company in web design. Within the first month of business, the startup agrees to maintain an accounting firm’s website in exchange for someone doing their tax returns.
Which of the following principles of economic interaction best describes this scenario?
a. All costs are opportunity costs.b. When markets do not achieve efficiency, government intervention can improve overall welfare.c. Markets allocate goods effectively.d. There are gains from trade.

Answers

Answer:

The correct answer is d. There are gains from trade.

Explanation:

In this situation a profit is presented for both companies, because the described relationship represents the main activity that each one performs, but in turn, details the need of each one for a service that generates value, since a company, As a capital company, it is a machinery whose purpose is the generation of value: the investment of economic resources, contributed by the ownership of the company, allows generating new wealth (value), in the most general case, thanks to the work of its employees. The first reason for the investment of resources is that additional generation of wealth that is expected to be achieved. Under these conditions, it seems clear that the objective of any manager of a company should be the generation of value for the shareholder.

Inhabitants of Pandora use stone beads as money. On​ average, every stone bead is used 5 times per year to carry out transactions. The total supply of beads is 50 million. According to the quantity theory of​ money, the level of aggregate spending in Pandora must be 250 million.
a) What is the level of aggregate spending in Pandora according to the quantity theory of money?b) Suppose the inhabitants of Pandora start using less money to conduct the same number of transactions (i.e., each individual carries fewer beads). What is the effect on the velocity of money?

Answers

Answer:

The correct answers are 200 million; increase.

Explanation:

The aggregate expense is the approximate value of the goods and services that an economy will produce. It measures its economic activity, or gross domestic product. Its definition in terms of the variables of the components is the sum of consumption, expected investments and public spending and net exports. The factors that affect it usually alter the estimated value. These factors must initially affect the variables of the components in order to alter the net aggregate.

Final answer:

The level of aggregate spending in Pandora according to the quantity theory of money can be calculated using the equation of exchange. If the inhabitants of Pandora use less money for transactions, the velocity of money will increase as each bead is used more frequently.

Explanation:

The level of aggregate spending in Pandora according to the quantity theory of money can be calculated using the equation of exchange, MV = PQ. In this case, the money supply (M) in Pandora is 50 million beads, and the velocity of money (V) is 5 transactions per bead per year. Therefore, the level of aggregate spending (PQ) in Pandora is 250 million bead transactions per year.

If the inhabitants of Pandora start using less money to conduct the same number of transactions, the velocity of money would increase. This is because each individual carrying fewer beads would lead to each bead being used more frequently to facilitate transactions, thus increasing the velocity of money.

Purple Consulting has five consultants in the firm. The company’s annual revenue is around $500,000. Income is distributed among all consultants, and each is personally liable for claims if the company goes under.What type of business is this?

Answers

Answer:

The answer is: General partnership

Explanation:

This type of company is created by two or more people that associate in a partnership to carry on a business. An agreement is made between partners (can be written or verbal) to set up the rules on how the partnership will operate. Usually partnership is terminable at will or at death or anyone involved. Their interests or assets can´t be sold without consent of the other partners.

Partnerships are usually considered to be private entities by their own (separate from the partners), so they can own property or sue someone else. They don´t provide liability protection to the partners, so each partner is liable for all debts of the partnership.  

In the US, partnerships report their income to the IRS but are not taxed. Instead, individual partners are taxed based on their share of the profits or losses the partnership reported.

Fixed costs can be defined as costs that A. are incurred only when production is large enough. B. vary inversely with production. C. are incurred even if nothing is produced. D. vary in proportion with production.

Answers

Answer:

The correct answer is  C. are incurred even if nothing is produced.

Explanation:

Fixed costs are the cost of an organization that don´t change with the amount of production.  So ,  if the production is 0,  this cost will exist anyway. For example:  taxes,  rental

Then,  Fixed costs can be defined as costs that  are incurred even if nothing is produced.

Final answer:

Fixed costs, in the business context, are those that are incurred even if nothing is produced. They are constant and don't change with the level of production. An example is the rent for a factory which remains the same irrespective of whether any goods are produced or not.

Explanation:

In the field of business, fixed costs refer to the costs a business incurs even when no production takes place. Therefore, option C. 'are incurred even if nothing is produced' is the correct answer. This typically includes rent, insurance, salaries, and depreciation. These expenses are constant regardless of output level. For instance, if a factory pays $5000 per month in rent, this cost is considered 'fixed' because it remains the same regardless of whether the factory produces anything or not.

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Kobe files a suit against joanna. they meet, and each party's attorney argues the party's case before a judge and jury. the jury presents an advisory verdict, after which the judge meets with the parties to encourage them to settle their dispute. this is

Answers

Answer:

The correct answer is: A Summary Jury Trial

Explanation:

Unlike most legal cases seen on a television set, the United States is now increasingly adopting a 'Summary Jury Trial;

What it does is give a chance for people involved in family disputes, property disputes etc to become part of a faux trail, where the jury is able to present it's verdict.

With all the information in mind, parties are given a chance to try and settle any of their disputes between themselves before starting a former trial that can be expensive and long for both parties involved.

Final answer:

The process described is known as a settlement conference or mediation in a civil lawsuit, aiming to encourage parties to settle before a full trial.

Explanation:

The situation described, where Kobe and Joanna's attorneys argue before a judge and jury, and the jury presents an advisory verdict followed by the judge encouraging the parties to settle, is typically referred to as a settlement conference or mediation process within a civil lawsuit. During this civil trial, both parties have the chance to present their evidence and witness testimonies, and engage in various pre-trial activities like submitting written summaries of their strategies and participating in jury selection. The aim of a settlement conference or mediation is to help the parties reach an agreement and avoid a full trial, which is successful in approximately ninety-five percent of cases.

Below are the 2014 and 2015 year-end balance sheets for Tran Enterprises:
Assets:
2015
2014
Cash
$ 200,000
$ 170,000
Accounts receivable
864,000
700,000
Inventories
2,000,000
1,400,000
Total current assets
$3,064,000
$2,270,000
Net fixed assets
6,000,000
5,600,000
Total assets
$9,064,000
$7,870,000
Liabilities and equity:
Accounts payable
$1,400,000
$1,090,000
Notes payable to bank
1,600,000
1,800,000
Total current liabilities
$3,000,000
$2,890,000
Long-term debt
2,400,000
2,400,000
Common stock
3,000,000
2,000,000
Retained earnings
664,000
580,000
Total common equity
$3,664,000
$2,580,000
Total liabilities and equity
$9,064,000
$7,870,000
The firm has never paid a dividend on its common stock, and it issued $2,400,000 of 10-year, non-callable, long-term debt in 2014. As of the end of 2015, none of the principal on this debt had been repaid. Assume that the company’s sales in 2014 and 2015 were the same. Which of the following statements must be CORRECT?
a. The firm had negative net income in 2015.b. The firm increased its short-term bank debt in 2015.c. The firm issued new common stock in 2015.d. The firm issued long-term debt in 2015.e. The firm repurchased some common stock in 2015.

Answers

Answer:

The correct option is (c)

Explanation:

From the year end balance sheet for 2014 and 2015 it can be seen that common stock balance as on 2014 was 2,000,000 and as on 2015, it increased to 3,000,000.

An increase in common stock implies that the company issued new 1,000,000 common stock in 2015.

Option (a) cannot be determined as no income statement item is given.

Option (b) is incorrect as the company reduced its short term bank debt in 2015.

Option (d) is incorrect as long term debt was issued in 2014 and not in 2015.

Option (e) is incorrect as company had issued and not repurchased common stock.

Theory X managers implement a more rigid environment. a. increase diversity. b. strive to cut costs and increase efficiency. c. operate as a community, with employees working in harmony. d. utilize time-motion studies.

Answers

Answer:

b. strive to cut costs and increase efficiency.

Explanation:

Theory X managers is pessimistic. They believe people are lazy and unproductive. They will look to implement politics to increase the productivity,.

The actual material substances used to create an artwork are called ____.

Answers

The actual material substances used to create an artwork are called art materials or mediums. The materials used to create an artwork are referred to as art materials or mediums, including traditional items like paint and canvas, and may involve mixed media. The choice of materials affects the manipulation and eventual impact of the artwork, as well as its value and significance.

The actual material substances used to create an artwork are called art materials or mediums. These can range widely from traditional materials like oil and pigments on canvas, carved marble, woven fibers, to more contemporary mediums such as film, the written word, and the body in dance performances. Also, the term mixed media is used when artists incorporate multiple mediums into their work.

Art materials play a crucial role in the creative process, as they make it possible to construct the physical object that is the artwork, such as sculptures and paintings. They also contribute to the value, importance, and associations that an artwork can have. Knowing the materials and the special processes involved in the creation of the artwork can greatly enhance one's appreciation and understanding of it.

Furthermore, the specific properties of these materials influence how they can be manipulated and the effects they can achieve. Mastery of the relevant techniques combined with the choice of materials helps to define an artist's unique style and the visual impact of their art.

A brokerage firm which provides analyst reports, investment advice, and information as well as online brokerage services is called a(n): a) premium discount broker. b) full-service broker. c) basic discount broker.d) electronic broker.

Answers

Answer:

B.

Explanation:

A stock broker is an individual usually associated with a stock brokerage firm. Their general job role is the selling of stock (share, securities, options) on behalf of a client via a stock exchange.

Stock brokers often, also give financial advice for institutional, commercial or private clients that they work with in order to counsel their clients on where best to spend their money with a view of gaining the highest financial return.

There are two main types of stock brokers:

-Discount brokers.

-Full service brokers.

Are more expensive to hire and often earn a good amount brokerage, fee, commission. They not only facilitate and undertake stock deals between clients and sellers, but they also provide financial advice and stock advice in order to steer buyers in the right direction to assist them with closing the worthwhile deals.

2 pts Paul and Michael sell magazine subscriptions by telephone. Paul is paid $1.00 for every 5 calls he makes, while Michael is paid $1.00 for each call that sells a subscription. Paul’s telephoning is reinforced on a _____ schedule, whereas Michael’s is reinforced on a _____ schedule.A. Variable-ratio; fixed-ratioB. Fixed-interval; variable-ratioC. Fixed-ratio; variable-intervalD. Fixed-ratio; variable-ratio

Answers

Answer:

D. Fixed-ratio; variable-ratio

Explanation:

Fixed ratio (FR) schedule, a specific or “fixed” number of behaviors must occur before you provide reinforcement.

Variable Ratio: In a variable ratio (VR) schedule, an average number of behaviors must occur before reinforcement is provided.

Paul’s telephoning is reinforced on a fixed-ratio schedule, whereas Michael’s is reinforced on a variable-ratio schedule. Th correct answer is option: C. Fixed-ratio; variable-interval.

A fixed-ratio schedule provides reinforcement after a set number of responses. In Paul's case, he receives $1.00 for every 5 calls, indicating a predictable pattern of reinforcement. On the other hand, a variable-ratio schedule provides reinforcement after an unpredictable number of responses. Michael's payment depends on selling subscriptions, which can vary and therefore is less predictable.

Fixed-ratio schedules, like Paul's, create a high rate of response followed by a brief pause after reinforcement, as individuals know exactly how many actions are required to receive a reward.Variable-ratio schedules, like Michael's, tend to produce a high and steady rate of response, as the unpredictability of reinforcement encourages continuous effort in the hope that the next response will result in a reward.

Which of the following statements is true of direct marketing? Direct marketers can target only large groups of customers whose demographic features have not been determined. Online direct marketing results in higher cost-per-contact for the company when compared to traditional mass marketing strategies. Direct marketing is immediate, interactive, and gives consumers a lot of control in making purchases. For buyers, direct marketing is an inconvenient and lengthy process. Direct marketers offer a limited selection of products and services to customers.

Answers

Final answer:

The statement that Direct marketing is immediate, interactive, and gives consumers a lot of control in making purchases is true. Direct marketing allows targeted advertising and can offer a wide selection of products and services. Technological and global shifts have increased its use and effectiveness.

Explanation:

The true statement about direct marketing from the provided options is: Direct marketing is immediate, interactive, and gives consumers a lot of control in making purchases. Direct marketing is a form of advertising that allows direct business-to-business and business-to-consumer transactions, eliminating the need for any intermediaries. Marketers can specifically target identified groups of consumers, contrary to the idea that demographic features haven't been determined. Such direct marketing strategies can include email marketing, telemarketing, and direct mail, all of which can be cost-effective when compared to traditional mass marketing strategies. Furthermore, customers get a wide and diverse selection of products and services from direct marketers, making the buying process shorter, more convenient and giving customers more control. The shifts towards technology and globalization have led to the rise of online direct marketing, thereby enhancing competition among local retail businesses and between suppliers and buyers nationwide or globally.

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A manager is hired by a start-up for her demonstrated ability to think strategically and make broad-based decisions that serve the entire organization. In other words, the manager has been hired for her strong _____ skills.a. technicalb. diagnosticc. communicationd. conceptual

Answers

Answer:

Conceptual Skills

Explanation:

According to my research on studies conducted by various psychologists, I can say that based on the information provided within the question the manager was most likely hired for her Conceptual Skills. This is the ability that an individual may possess to analyze hypothetical situations in order to gain valuable information and develop strategies. Which allows that individual to make certain big decisions in benefit of the company.

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Use the following information to compute NET INCOME.
The income tax rate is 40%.
Sales 10,000
Dividends 700
Cost of Goods Sold $ 4,000
Interest Expense 1,100
Selling and Administrative Expense 1,750.
a. 1,260b. 1,190c. 1,890d. 1,470e. 980

Answers

Answer:

c. $1,890

Explanation:

As for the provided information, we have

Net income is the income after allowing expenses of every nature, and after taxes, but does not include the dividend as is not an expense but allocation or distribution of profits.

Thus net income shall be as follows:

Sales - Expenses

Sales = $10,000

Expenses = $4,000 + $1,100 + $1,750 = $6,850

Profit before taxes = $3,150

Less: Taxes @ 40% = $1,260

Net Income = $1,890

Correct option is

c. $1,890

Derek serves on the board of directors for a furniture company. He is also the CEO of a timber company attempting to secure a contract with the furniture company. What situation does this example represent?a. synergistic integration
b. conflict of interest
c. corporate social responsibility
d. environmental sustainability

Answers

Answer:

b. conflict of interest

Explanation:

Conflict of interest is the situation which arises when a person or an organization starts to possess an interest in multiple things.. Such conflict arises primarily in the financial or economic background. Such type of conflict gives rise to a situation in which the individual or organization's interest may affect the duty of adversely. The decisions are made to benefit the third party. In the above situation, Derek is in the situation of conflict of interest.

During the current year, Onal Co. purchased 10,000 shares of its own stock at $7 per share. The stock was originally issued at $6. The firm sold 5,000 of the treasury shares for $10 per share. The firm uses the cost method to account for treasury stock. What amount should Onal report in its income statement for these transactions?

Answers

Answer:

What amount should Onal report in its income statement for these transactions? 0.

Explanation:

                                  deb               cre

year-1 Treasury Stock 70000  

(10000*7)  

Cash                                           70000

   

year-1 Cash                  50000  

(5000*10)  

Treasury Stock                            35000

(5000*7)  

Paid in capital for treasury stock  15000

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