Answer:
complementary products
Explanation:
Yachts and spaces to dock are a clear example of complementary products.
If using more of good A requires using of more of good B, then those goods are complementary. In this case, for every additional Yacht sold, there must also be available space to dock, otherwise the value of the Yacht is hindered, thus making those products complementary.
On September 1 the Petite-Sizes Store paid $12,000 to the Mega-Mall Co. for 3-month rent beginning September 1. Prepaid Rent was debited for the payment. If Petite-Sizes Store prepares financial statements on September 30, the appropriate adjusting journal entry to make on September 30 would be ________.
a. Prepaid Rent - $4,000; Rent Expense - $4,000b. Rent Expense - $4,000; Prepaid Rent - $4,000c. Prepaid Rent - $8,000; Rent Expense - $8,000d. Rent Expense - $8,000; Prepaid Rent - $8,000
In finance, an efficient market is one in which: Select one: a. all of the above b. prices adjust quickly and accurately to new information. c. prices are the best allocators of capital in the macro economy. d. prices are assumed to be correct.
Answer:
The answer is A) all of the above because In finance, an efficient market is one in which
prices adjust quickly and accurately to new informationprices are the best allocators of capital in the macro economyprices are assumed to be correct.Explanation:
Market efficiency refers to how well current prices reflect all available, relevant information about the actual value of the underlying assets.
A truly efficient market eliminates the possibility of beating the market, because any information available to any trader is already incorporated into the market price.
If all available, relevant information is incorporated into current prices, then any information relevant information that can be gleaned from past prices is already incorporated into current prices. Therefore future price changes can only be the result of new information becoming available.
In light of persistent ____________, growing ____________ and the tendency by some firms and industries to seek legislative redress for failures in the marketplace, the US Congress in the past two decades has increasingly been willing to provide the president with more powers to_________ trade.
Answer:
The answer is:
Trade deficit;
Foreign Direct Investment;
Restrict.
Explanation:
In light of persistent TRADE DEFICIT , growing FOREIGN DIRECT INVESTMENT and the tendency by some firms and industries to seek legislative redress for failures in the marketplace, the US Congress in the past two decades has increasingly been willing to provide the president with more powers to RESTRICT trade.
Trade deficit occurs when a country import more goods than what she is exporting. Trade deficit makes infant industries im the home country less competitive.
Foreign Direct Investment is the ownership of business in another country.
Restricting trade can makes home infant industries more competitive.
You will give the keynote address at the annual meeting of the American Manufacturing Association. You realize most of the attendees think marketing is just advertising. So, you decide to start your keynote address by defining what marketing is in order to set the proper context for your speech. You define marketing as:
Answer:
Explained Below.
Explanation:
Marketing is just not the process of advertising but it is the process to create or originate goods and products, then to distribute the product widely as much as possible, and also pricing goods, and giving services to the consumer who is particularly using that product, and new ideas which facilitate and satisfies exchange connection with the consumer of the product.
Fiat money: a is currency backed by the gold in Fort Knox. b is currency from Italy. c has advantages over commodity-backed money. d includes currency, checking deposits and credit cards. e can include currency backed by gold, but not silver.
Answer:
Option D.
Explanation:
Fiat money refers to currency that is issued by the government and which is not backed by any physical commodity, such as gold or silver, but rather by the government that issued it.
The value of fiat money is gotten from the relationship that exists between supply and demand and the stability of the issuing government. The value is not based on the worth of a commodity backing it as is the case for commodity money.
Most modern paper currencies are fiat currencies, including the U.S. dollar, the euro, and other major global currencies. One risk that fiat money faces is the printing of too many of a particular currency, which can contribute to hyperinflation.
Answer:
D.includes currency, checking deposits and credit cards.
Explanation:
Fiat money can be defined as any currency declared as legal tender by the government that lacks intrinsic value.
Fiat money is a government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it. It is not a currency from Italy.
Fiat money gives central banks of a country a greater control over the economy because they can control how much money is printed and the value is defined by the relationship between demand and supply.
Glueck Corp. reports sales revenue of $200,000. During the year, the company's accounts receivable balance decreased by $14,000. Additional information reveals that during the year accounts totaling $7,000 were written off and bad debt expense of $10,000 was recognized. A journal entry prepared to determine cash collected from customers would include debits to __________.
Answer:
Increase allowance and Sales revenue of $200,000
Explanation:
Since the focus is on journal entry for cash collected from customers, therefore it should include the increase in the debt expense allowance and the $200,000 sales revenue.
An accountant was asked by a potential client to perform a compilation of its financial statements. The accountant is not familiar with the industry in which the client operates. In this situation, which of the following actions is the accountant most likely to take?
a.
Postpone accepting the engagement until the accountant has obtained an adequate level of knowledge about the industry.
b.
Request that management engage an independent industry expert to consult with the accountant.
c.
Decline the engagement.
d.
Accept the engagement and obtain an adequate level of knowledge about the industry.
Answer:
The correct answer is d. Accept the engagement and obtain an adequate level of knowledge about the industry.
Explanation:
Lack of knowledge about a specific sector is not causal for the accountant not to take the assignment or project that is required to be carried out, since this task consists of a period of study about the different variables and the market that needs to be evaluated. In accounting terms, management is similar to other sectors, however, in case the accountant is totally unaware of what needs to be studied, the most appropriate thing is to take time to understand the dynamics.
Suppose the state of Wyoming passes a law that increases the tax on cigarettes. As aresult, smokers who live in Wyoming start purchasing their cigarettes in surrounding states.Which of the following principles does this best illustrate?a. People respond to incentives.b. Rational people think at the margin.c. Trade can make everyone better off.d. Markets are usually a good way to organize economic activity.
Answer:
a. People respond to incentives.
Explanation:
Assuming the state of Wyoming passes a law that increases the tax on cigarettes thereby causing smokers who live in Wyoming to start purchasing their cigarettes in surrounding states.
Consequently, an increase in the tax on cigarettes altered the behavior of the smokers in Wyoming, it made them to purchase from neighboring states.
This illustrates or reflect the fact that people respond to incentives.
The situation where Wyoming smokers buy cigarettes out-of-state to avoid increased taxes exemplifies the principle that people respond to incentives, as the higher costs drive them to seek more affordable options.
Explanation:The scenario described illustrates the principle that people respond to incentives. When Wyoming increased the tax on cigarettes, smokers in Wyoming were incentivized to purchase their cigarettes in surrounding states where the taxes might be lower. This is an example of how a change in the cost of a product (cigarettes, in this case) can influence consumer behavior, leading them to change where they make their purchases to avoid the higher cost.
Tobacco is known to have an inelastic demand among regular smokers, which means that changes in price do not drastically alter their consumption levels. However, by crossing state lines to purchase cigarettes, these smokers are acting rationally in response to the financial incentive of saving money on taxes. This aligns with economic research suggesting that while demand for cigarettes is relatively inelastic, there is still some response to price changes, albeit small.
Overall, this behavior reinforces the concept that consumer choices can shift in response to different economic incentives, and that taxation policies can have broader impacts on market transactions and consumer spending patterns.
Product compatibility is the capability of an item sold by one firm to function with another firm's _________ complementary substitutable networkable product. Product compatibility is an industry-wide issue for ____ single product multiproduct firms selling two or more complementary products subject to ___________ feedback substitution network effects.
Answer:
Complimentary; multiproduct; network
Explanation:
Product compatibility is the capability of an item sold by one firm to function with another firm's complimentary product.
Product compatibility is an industry-wide issue for multiproduct firms selling two or more complementary products subject to network effects.
Product compatibility is simply the ability of a product to go along or function with another product.
A complimentary product is supposed to be compatible with the other compliment goods.
To communicate effectively, a marketing communicator should most likely ________. A. encode and decode the message personally and frequently B. ensure that the encoding and decoding processes are different C. use familiar words and symbols D. foresee unplanned static or distortion E. understand the consumer's field of experience
Answer:
c
Explanation:
it makes communication a lot easier when communicating with customers and clients to ensure that that what is being said and symbols involved are clear and understandable.
To communicate effectively, a marketing communicator should most likely use familiar words and symbols. Hence, option C is correct.
Why is it important to communicate properly in marketing?It is important to communicate efficiently in the marketing as marketing is all about the customer pitching and customer relationship.
Marketing person always have to listen properly so that they are able to understand the problem of the customer and reply accordingly.
In marketing, excellent communication is crucial. It creates and nurtures connections between workers and customers, and customer becomes the repetitive client.
Thus, option C is correct.
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3. The country of Boldovia has no unemployment insurance benefits and a tax system that uses only lump-sum taxes. The neighboring country of Moldovia has generous unemployment benefits and a tax system in which residents must pay a percentage of their income. Which country will experience greater variation in real GDP in response to demand shocks, positive and negative? Explain. *
Final answer:
Boldovia is likelier to face greater real GDP fluctuations in response to demand shocks than Moldovia, due primarily to its lack of unemployment benefits and its use of lump-sum taxes, both of which do not provide economic stabilization like Moldovia's progressive tax system and generous unemployment benefits do.
Explanation:
When considering the impact of demand shocks on the variation in real GDP, the presence of unemployment benefits and the type of tax system play significant roles in stabilizing an economy. Boldovia, with no unemployment insurance benefits and a lump-sum tax system, is likely to experience greater variation in real GDP in response to both positive and negative demand shocks. This is because without unemployment benefits to support those out of work, consumer spending may fall sharply during downswings, exacerbating economic downturns. Additionally, lump-sum taxes do not adjust with an individual's income, failing to provide automatic stabilizers that could mitigate swings in real GDP.
In contrast, Moldovia, with generous unemployment benefits and a progressive tax system where residents pay a percentage of their income, has tools that can help stabilize its economy. Unemployment benefits act as automatic stabilizers by supporting incomes during economic downturns, and therefore, maintaining consumer spending to some extent. A progressive tax system also acts counter-cyclically: tax burdens lower when incomes fall and rise when incomes increase, thus stabilizing disposable income and, consequently, consumption.
Therefore, Moldovia's fiscal policies provide it with a buffer against economic fluctuations that Boldovia lacks, decreasing the volatility of Moldovia's real GDP in response to demand shocks.
Simmons manages a company that hauls toxic chemicals. He has made sure that everything is in compliance with all safety and environmental laws, but one tanker truck is in an accident and spills chemicals into a creek, requiring costly cleaning. Simmons: a. is not liable, because the driver should have taken extra care in such a situation. b. is liable only if he acted negligently. c. is not liable, because he acted with due diligence to see that no one was hurt. d. is strictly liable for all harms.
Simmons is strictly liable for all harms (option d).
Explanation:
The Federal Government enacted significant laws to protect the environment from the pollution caused by corporate sectors. EPA (Environment Protection Agency) laws cleanly monitor the threat of water pollution. The Clean Water Act (CWA) is administered under the guidance of higher-level officials working in EPA. In this scenario, Simmons should bear entire responsibility from the cause of the unexpected accident done through tanker trucks.
Though Simmon has followed utmost diligence to follow the routine work of toxic chemicals. But he solely takes charge to clear the creek which may spoil its utility in a future period. Though, he is not directly involved in it. The compliance procedure should be strictly followed by Simmon. At any cost Simmon also liable to the pollution-related crime done by employees of his own company.
Laz Chance wears roller blades and headphones when he is at work at the Squishy Things Toy Company. He is a product packer. The headphones give him computer-generated instructions so he knows the location of each item and quantity that should be included in the order. These instructions are the equivalent of a:
A. picking ticket
B. bill of lading
C. packing slip
D. sales order
Answer:
A. picking ticket
Explanation:
Picking ticket -
It is refers to the ticket, which contains all the information of about the goods and services, is referred to as picking ticket.
Picking ticket consists of the item number , location of the item , description of the item , quantity and customer order number.
The method helps, to save the time of travelling and searching for the item and thereby, makes the process very fast and efficient.
The picking tickets are in the form of any electronic gadget like headphone, mobile phones etc.
Hence, from the given scenario of the question,
Laz Chances uses the headphones to get the required information of the item efficiently.
Clay Pots pays Dora $25,000 to propose an online marketing campaign. Two days later, Dora tells Clay Pots that she has accepted a job with its competitor Earthenware Inc. and cannot plan the campaign. As compensatory damages, Clay Pots can recover:________.
a. $0.
b. $2,500.
c. $25,000.
d. $250,000.
Answer:
The correct option is C,$25,000
Explanation:
In discharging a contract ,it is mandated that the parties should be restored back to their previous positions as much as possible,prior to entering into the agreement.
In other words,prior to paying Dora Clay Pots has a cash amount of $25,000 which has been parted with as a consideration for the online marketing campaign,hence Clay pots should be restored to its prior position of having at its disposal cash of $25,000.
Conclusively,the compensatory damages is the return of cash of $25,000.
The December 31, 2016 balance sheet of the Rakmer Company had Accounts Receivable of $650,000 and a credit balance in Allowance for Doubtful Accounts of $33,000. During 2017, the following transactions occurred: sales on account $1,550,000; sales returns and allowances, $100,000; collections from customers, $1,250,000; accounts written off, $35,000; previously written off accounts of $8,000 were collected. Instructions (a) Journalize the 2017 transactions. (b) If the company uses the percentage of receivables basis to estimate bad debt expense and determines that uncollectible accounts are expected to be 6% of accounts receivable, what is the adjusting entry at December 31, 2017
Final answer:
To journalize Rakmer Company’s 2017 transactions including sales, returns, collections, and write-offs, the corresponding accounts are debited and credited appropriately. At year-end, calculate the bad debt expense using the percentage of receivables basis by estimating 6% of the total accounts receivable to adjust the Allowance for Doubtful Accounts.
Explanation:
The transactions for the Rakmer Company in 2017 involve sales on account, collections from customers, sales returns and allowances, accounts written off, and collections on previously written off accounts. To journalize these transactions and estimate bad debt expense for the year, the accounting records would be updated as follows:
Sales on account are recorded as a debit to Accounts Receivable and a credit to Sales Revenue.
Sales returns and allowances are debited to Sales Returns and Allowances and credited to Accounts Receivable.
Collections from customers are recorded as a debit to Cash and a credit to Accounts Receivable.
Accounts written off are debited to Allowance for Doubtful Accounts and credited to Accounts Receivable.
Recovery of previously written off accounts are recorded as a debit to Accounts Receivable and a credit to Allowance for Doubtful Accounts, followed by a debit to Cash and a credit to Accounts Receivable upon collection.
For the adjusting entry at year end, assuming a 6% percentage of receivables basis, we calculate 6% of the December 31, 2017, accounts receivable balance to find the desired ending balance for the Allowance for Doubtful Accounts. If the existing credit balance in the allowance account is less than this calculated amount, we need to credit Bad Debt Expense and debit Allowance for Doubtful Accounts with the difference. This ensures our allowance reflects the estimated uncollectible amounts at year-end.
Vaughn Inc. reported total assets of $2406000 and net income of $332000 for the current year. Vaughn determined that inventory was overstated by $25500 at the beginning of the year (this was not corrected). Ignoring income taxes, what is the corrected amount for total assets and net income for the year?
Answer:
$2,380,500 and $357,500
Explanation:
The movement in the balance of inventory at the start and end of a period is as a result of sales and purchases. While sales reduces the balance in inventory, purchases increases the balance. This may be expressed mathematically as
Opening balance + purchases - cost of goods sold = closing balance
As such, when inventory is overstated at the start of the year, the ending inventory would also be overstated by the same amount, the cost of goods sold would be overstated and net income understated.
Correct amount of asset
= $2406000 - $25500
= $2,380,500
net income for the year
= $332000 + $25500
= $357,500
A goods-producing location decision would likely emphasize the importance of ___________
On June 1, Grey Co. borrows $15,000 cash from National Bank by signing a 120-day, 10% interest-bearing note. Grey will record interest during the year totaling {$blank input field}. Using a 360 day year, round your final answer to the nearest whole dollar.
Answer:
$500
Explanation:
The amount of interest to be recorded Grey Co on the borrowed amount of $15,000 is computed by applying the interest rate of 10% to the amount borrowed while apportioning the 120 days period by multiplying by 120 days and dividing by 360 days as computed below:
Interest=$15,000*10%*120/360=$500
The interest that Grey Co would record on the $15,000 is $500 during the year using a 360 day per year instead of the usual 365 day which does not make provision for Banks' holidays
Answer:
$500
Explanation:
Principal amount = $15000
Interest rate = 10%
Interest value = 10%*15000
$1,500
Loan term = 120 days
Pro rated interest = 120/365*1500=493.1
To the nearest whole dollar $500
Calculator Which of the following is not true regarding the use of materials variance information?
a. The production manager is concerned with minimizing scrap, waste, and rework.
b. The purchasing department is responsible for acquiring quality materials.
c. The production manager is generally responsible for materials usage.
d. The purchasing agent has the responsibility for controlling the materials price variance.
e. All of these choices are true.
Answer:
e. All of these choices are true.
Explanation:
The creation director is commonly answerable for materials utilization. limiting piece, wastage, and improving expense. Job of Purchase division is to acquire the crude material required for creation. It needs to guarantee that the crude material matches the normal quality and furthermore at a sensible cost.
A major U.S. manufacturer of children's toys believes its main competitive advantage lies in its continuing the creation of innovative toys and games. The company is facing increasing competition on price, and it is strongly considering outsourcing to offshore firms as a means of reducing costs. The LAST function this firm should consider outsourcing is:
Answer:
The options are given below:
a. operations.
b. research and development.
c. supply-chain management.
d. distribution.
The correct option is B.
Explanation:
Research and development (R&D) is a term that is used to refer to the activities that companies undertake in order to innovate and introduce new products and services. It is usually the first stage in the development process.
The objective of research and development is essentially, to take new products and services to market and add to the company's range of products and services. Research and development allows a company gain the advantage over its competition.
From the explanations above, we ca conclude that research and development will be carried out better by the company in concern. This is because the company knows the best way to meet its goals. Therefore, outsourcing this function may not be as effective as when the company performs the function itself.
Accountants are counted on to provide management with analyzing data to determine best- and worst-case scenarios. As future planning becomes more complex, these what-if analyses can increase in complexity and usefulness. Identify and discuss at least three (3) types of what-if analyses that an accountant should be able to perform to measure a firm's performance over a period. Be sure to include the type of data that will be needed to support this analysis. Justify your response.
Answer:
A) scenarios
B) goal seek
C) data tables
D) solver add-in
Explanation:
Some of the what-if analyses that an accountant uses to measure a firm's performance of appropriate are:
A) scenarios
B) goal seek
C) data tables
D) solver add-in
A brief discussion on the above points is mentioned below:
A) scenarios: If what wants to analyse more then two variables then he/she can use scenarios. A scenario can have a maximum of 32 values but one can create as many scenarios as he/she wants.
B) goal seek: goal seek works with only one variable input value. If one knows the result that he/she want from a formula but he/she is not sure what input value the formula require to get the result then he/she can use the goal seek feature.
C) data tables: a data table works with only one or two types of variables but it can accept different values for those variables. Data table makes it easy to examine a range of possibilities at a glance. Because one focuses on only one or two variables, results are easy to read and share in tabular form.
D) solver add-in: if one wants to determine more than one input value, for example, the loan amount and the monthly payment amount for a loan, he/she use the solver add-in.
In the month of November Marigold Corp. wrote checks in the amount of $43300. In December, checks in the amount of $59239 were written. In November, $39630 of these checks were presented to the bank for payment, and $50932 in December. What is the amount of outstanding checks at the end of December
Answer:
$11,977
Explanation:
The difference between the balance of the total checks written and balance of the total checks presented for withdrawal gives the amount outstanding.
As such, amount of outstanding checks at the end of December is the net of the balance of the checks written in November and December and the balance of the checks presented in the same period.
This is
= $43300 + $59239 - $39630 - $50932
= $11,977
Answer:
11,977
Explanation:
Workings
Checks
Dr Cr
November $43300
November $39630
December $59239
December $50932
$ 11,977
$102,539 $ 102,539
Bad publicity associated with massive layoffs is an example of _________. Group of answer choices competitive rivalry exit barriers excess capacity horizontal integration horizontal diversification new entrant risk
Answer:
Exit Barriers
Explanation:
Exit barriers are obstacles mitigates a company from leaving a market in which considerations are made in stopping operations or from which it wishes to separate from. They are things that hinders an organization from exiting a market. Barriers associated with exit barriers may include emotional barriers such as massive layoffs, desire to recoup and so on. Other exit barriers include strategic interrelationship and specialized assets and governments and social restrictions.
Final answer:
Bad publicity from massive layoffs is an example of exit barriers, which are costs that prevent companies from leaving an industry, including economic, regulatory, and reputational factors.
Explanation:
Bad publicity associated with massive layoffs is an example of exit barriers. Exit barriers are often economic or emotional costs that prevent companies from leaving an industry and can include specialized equipment that cannot be repurposed, long-term contracts, regulatory restrictions, or the emotional ties of the management to the sector. When firms face intense competition and market challenges, such as deregulation leading to market entries and exits, they may need to lay off workers to remain viable or when they go bankrupt. This can result in bad publicity, which is yet another barrier making it hard for companies to exit smoothly from the market as it affects brand reputation and stakeholder trust.
Which of the following statements regarding diversity in the workplace is true? a. Nearly 73 percent of Fortune 500 companies now have at least one female executive officer. b. Due to the focus on diversity in many organizations, the number of discrimination complaints with the Equal Employment Opportunity Commission has decreased. c. Foreign-born workers make up almost 50 percent of the U.S. workforce. d. In 2015, a greater percentage of working-age women were employed in the United States than in Japan and Europe. e. Men outnumber women in the workplace, and the numbers are projected to grow slightly faster.
Answer:
C
Explanation:
Diversity in the workplace is about bringing together people of different background , physical appearance ,religion , education , age etc.
Even though of of the answer options narrowly talk about gender diversity , the employment policy of US in having over 50% of foreign born workers in the economy is wider as this would have covered citizens of different country with various cultures and tribes , different genders , color , religion and appearance and a whole lot more.
The question asks about the realities of diversity in the workplace. While nearly 73% of Fortune 500 companies have at least one female executive officer, discrimination complaints have not necessarily decreased. Male presence outweighs that of females in some workplaces, but efforts are being made to balance gender representation.
Explanation:The question pertains to the reality of diversity in the workplace. Various sources and studies present different stats in this regard. As of now the most accurate seems to be: a) Nearly 73 percent of Fortune 500 companies do indeed have at least one female executive officer, reflecting increasing gender diversity in these companies. b) The number of discrimination complaints with the Equal Employment Opportunity Commission has not necessarily decreased due to increased focus on diversity, as issues of racial, gender, and other forms of discrimination persist. c) Foreign-born workers do not make up almost 50 percent of the U.S. workforce, but they do represent a significant portion, contributing to the diversity. d) In 2015, it was true that a greater percentage of working-age women were employed in the United States than in Japan and Europe. e) While men may currently outnumber women in some workplaces, the numbers are not projected to grow faster as efforts are being made towards achieving gender balance.
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Many project managers like to use the Tracking table to update progress because it shows the currently scheduled task start and finish dates (the Update Tasks dialog box does not show the scheduled start and finish dates).A. TrueB. False
Answer:
False
Explanation:
It is incorrect
Kelvin isn’t sure how to read this legal description, but his agent said something about reading it from right to left. Here’s the description: "The north half of the northwest quarter of Section 6, Township 8 North, Range 68 west of the 5th principal meridian." What land description method did surveyors use for this piece of property?
Answer:
Rectangular government survey.
Explanation:
Final answer:
The method used for the land description is the Public Land Survey System (PLSS), also known as the township and range system, which identifies land parcels within a grid layout using a hierarchical method starting with the smallest land division.
Explanation:
The surveyors used the Public Land Survey System (PLSS), also known as the township and range system, to describe the location and area of individual property parcels such as the one mentioned, "The north half of the northwest quarter of Section 6, Township 8 North, Range 68 west of the 5th principal meridian."
This system is based on townships and sections, where a township is designated by its location relative to a specific base line and principal meridian. Each township is typically six miles square, and divided into 36 sections, each one-mile square. Further divisions into halves and quarters of these sections are used to provide more specific descriptions of land parcels.
Legal descriptions like this one start from the smallest division and work backwards to the largest. For example, starting with the "north half" and moving to the "northwest quarter" then to "Section 6," followed by "Township 8 North," and finally "Range 68 West of the 5th principal meridian." This hierarchical method allows for precise identification of land parcels within the large grid overlaid on the land by the PLSS.
Agnessa let the management of Acme Global know that she will retire next year. Agnessa job requires specialized skills. Rather than advertise the job, management has the human resource management department look through its files for people in the organization who have the needed skills. This recruitment method is known as ______.
Please see the complete question below.
Agnessa let the management of Acme Global know that she will retire next year. Agnessa job requires specialized skills. Rather than advertise the job, management has the human resource management department look through its files for people in the organization who have the needed skills. This recruitment method is known as ______.
A. open recruitment
B. employee referrals
C. closed recruitment
D. targeted recruitment
Answer:
The answer is closed recruitment (option C)
Explanation:
Closed Recruitment can be defined as the type of recruitment that takes place 'in house'. In other words, there is no need for an external advertisement of vacancy because candidates needed to fill in vacant job roles or positions of a firm are selected from the existing pool of employees in the firm. Firms carry out closed recruitment by looking into the files of people who have the skills needed to occupy the vacant role and selecting/appointing who is best fitted for the role.
In what became known as the "Pentagon Papers Case," the Nixon Administration attempted to prevent the ____________________ from publishing materials belonging to a classified Defense Department study regarding the history of United States activities in Vietnam. The President argued that prior restraint was necessary to protect national security.
Answer:
New York times v US
Explanation:
The president Nixon had tried to use his power as president to stop the New York Times from publishing the classified information belonging to the Defense Department study regarding the history of United States activities in Vietnam in its possession. The supreme Court defended the First Amendment right of free press against the restraint the newspapers were facing by the government. The court found this unconstitutional and ruled in favor of the newspapers to publish the materials.
Budgeted sales in Allen Company over the next four months are given below: September October November December$100,000 $160,000 $180,000 $120,000 Thirty percent of the company’s sales are for cash and 70% are on account. Collections for sales on account follow a stable pattern as follows: 50% of a month’s credit sales are collected in the month of sale, 30% are collected in the month following sale, and 20% are collected in the second month following sale. Given these data, cash collections for December should be:A. $138,000B. $133,500C. $120,000D. $103,500
Answer:
$138,200
Explanation:
Given that thirty percent of the company’s sales are for cash and 70% are on account and 50% of a month’s credit sales are collected in the month of sale, 30% are collected in the month following sale, and 20% are collected in the second month following sale.
It means that cash collection in December will include;
30% sales in December35% of sales in December21% of sales in November and 14% of sales in October= 30% * 120,000 + 35% * 120,000 + 21% * 180,000 + 14% * 160,000
= 36,000 + 42,000 + 37,800 + 22,400
= $138,200
Effective annual rate: Raj Krishnan bought a Honda Civic for $17,345. He put down $6,000 and financed the rest through the dealer at an APR of 4.9 percent for four years. What is the effective annual rate (EAR) if the loan payments are made monthly
Answer:
EAR = 5.01%
Explanation:
Given that
APR = 4.9% = 0.049
Loan amount = initial amount - deposited amount
= 17345 - 6000
= 11,345
PV = 11345
Frequency of compounding, m = 12
Recall that
EAR = (1 + r/m)^n - 1
Thus,
= (1 + 0.049/12)^12 - 1
= 1+ 0.049/12^12 - 1
= 1.0501 - 1
= 0.0501 ×100
= 5.01%
The effective annual rate is 5.01%.
The calculation is as follows:= 5.01%
Therefore we can conclude that The effective annual rate is 5.01%.
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