Cyberlaw consists of:
b) Traditional legal principles that have changed because of technology.
Cyberlaw consists of?Cyberlaw is a broad term that encompasses the legal principles that apply to the use of technology, including computers, the internet, and networks.
This includes both traditional legal principles that have been adapted to the digital age, as well as new laws that have been created specifically to address cybercrimes.
For example, the law of contracts is a traditional legal principle that has been adapted to the digital age. In the past, contracts were typically formed by signing a piece of paper.
Therefore, the answer to the question is that cyberlaw consists of traditional legal principles that have changed because of technology.
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A friend of yours has an interview with an economics consulting firm and has been asked to discuss a microeconomics topic. Which of the following topics would you recommend that your friend discuss?A) the study of how prices are determined in the baseball card industryB) how unemployment is falling in the national economyC) what the Federal Reserve will do with interest ratesD) what the next president will do to stimulate the national economy
Answer:
The answer is: A) the study of how prices are determined in the baseball card industry
Explanation:
Microeconomics is concerned with single factors (individuals or an specific company or industry) and the effects of their decisions and allocation of resources. The baseball card industry and their pricing methods enter into this category.
While the country´s unemployment rate, or the Fed´s interest rate, or national politics affect the whole economy, so they part of Macroeconomics.
In 2017, Orear Manufacturing signed a contract with a supplier to purchase raw materials in 2018 for $700,000. Before the December 31, 2017 balance sheet date, the market price for these materials dropped to $510,000. The journal entry to record this situation at December 31, 2017 will result in a credit that should be reporteda) as an appropriation of retained earnings.b) as a valuation account to Inventory on the balance sheet.c) on the income statement.d) as a current liability.
Answer:
d) as a current liability.
Explanation:
As in the given instance, the value of transaction is also known, further since the contract s signed the company has liability to buy the goods and accordingly the company has to incur such payment.
Since there will be an purchase for which payment will be made in future.
Therefore, this will give rise to current liability, although value of goods has decreased but still, there is a liability of payment.
Electronic funds transfers ________. a) are a way of moving cash by paper documents b) do not appear on the bank statement c) include direct deposits and debit card transactionsd) are more expensive than mailing a check to make a payment
Answer:
The correct answer is c) Include direct deposits and debit card transactions.
Explanation:
Electronic Fund Transfers (EFT) is an electronic transaction that moves money from one account to another. The accounts can be from the same institution of from different ones, and are processed through the Automated Clearing House (ACH). The ACH is a system that connects all the financial institutions in the United States.
EFTs are paper free and do not need human intermediaries to go through with a transaction. These can be done through direct deposits, wire transfers, debit cards, electronic checks, ATMs, personal computer banking and others.
Electronic funds transfers include activities such as direct deposits and debit card transactions, which are recorded on a bank statement and offer a cost-effective way of transferring funds without the use of paper documents. So, option c is correct.
Electronic funds transfers include direct deposits and debit card transactions. Unlike mailing a check, these transfers do not rely on paper documents and typically occur more quickly and at lower cost. When you use a debit card, you are instructing your bank to transfer money directly from your bank account to the seller immediately, without the need to write a check or handle cash. Additionally, these transactions are recorded on your bank statement, allowing you to keep track of your expenditures and the movement of funds in and out of your account.
It is important to note that neither debit cards nor credit cards are considered money; rather, they are tools that facilitate the transfer of money that already exists within your banking system. Moreover, specialized cards issued by institutions like colleges that allow students to make purchases can be considered part of the money supply to the extent that they represent funds that have been deposited and are available for transactions.
According to the American Marketing Association, the term _____ is defined as the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.
Answer:
The answer is: Marketing
Explanation:
In 2008, the American Marketing Association changed the definition of marketing to:
"Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large."
This was done basically to broaden the activities involved in the process of marketing. With this new approach the AMA gave the whole process of marketing a much broader role in the activities involved in society. Before this new definition was released, marketing was seen as an organizational function which involved only the company (organization and stakeholders) and its customers.
A new advertising agency serves a wide range of clients including manufacturers, restaurants, service businesses, department stores, and other retail establishments. The accounting system the advertising agency has most likely adopted for its record keeping in accumulating costs is:
A. Relevant costing.
B. Operation costing.
C. Job-order costing.
D. Process costing.
Answer:
C. Job - order costing
Explanation:
Job - order costing -
It is used by the organization , when the goods and services of the organization are readily identifies by separate batches or units .
The agency that will advertise accumulates its cost through the client .
The method of job - order costing is the most apt system for a non - manufacturing firms .
Hence , from the data of the question , the correct answer is ( C ) Job - order costing .
Warren corporation purchased a truck at a cost of $60,000. It has an estimated useful life of five years and estimated residual value of $5,000. At the beginning of year three, warren's managers concluded that the total useful life would be four years, rather than five years. There was no change in the estimated residual value. What is the amount of depreciation that warren should record for year 3 under the straight-line depreciation method?
Answer:
What is the amount of depreciation that warren should record for year 3 under the straight-line depreciation method? $15500
Explanation:
Net Value Dep. year End Net value.
Year 1 55000 12000 43000
Year 2 43000 12000 31000
Year 3 31000 15500 15500
Year 4 15500 15500 0
Gather reliable information to help Brent make his decision. To gather this information, use newspapers, call insurance companies or look at their Web sites, and review consumer magazines and Web sites. Also, look at the manufacturer Web site or www.fueleconomy.gov for information about gas mileage. List the sources you use and take notes.
Answer:
One way to calculate mileage is to recollect the milometer reading or to reset the mileage counter once filling up a storage tank.
Explanation:
Fuel potency may be a sort of thermal potency, which means the magnitude relation from effort to results of a method that converts chemical P.E. contained in a very carrier into K.E. or work.
Once doing thus next time, acquire the mileage increased between the 2 gas fill-ups.The last is to divide.
Which of the following is used as a criterion (measure) for judging the degree of international economic integration of an economy?
i. Trade flows across borders
ii. capital flows across borders
iii. similarity of prices in separate markets
iv. people flows across borders
Answer:
i. Trade flows across borders
Explanation:
The international economic inegration of a region is measured by how much trade flows accros borders from and into a certain country, the ideal would be a global free trade agreement among all nations but we know that is virtually impossible, so the criteria used to measure this is the trade flows across borders, because this means that that economy has been integrated into the global market.
The criteria for judging the degree of international economic integration include trade flows, capital flows, price parity across markets, and migration patterns. These aspects are intertwined with globalization and have implications for trade balances and exchange rates.
The criteria used for judging the degree of international economic integration of an economy include:
Trade flows across borders, which include the exchange of goods and services between countries.Capital flows across borders, encompassing borrowing and lending of money, and foreign ownership of property and stock.Similarity of prices in separate markets, indicating the extent to which prices for the same goods align across different countries, suggesting a unified market.People flows across borders, referring to migration patterns of individuals for reasons such as employment, education, or other economic activities.These components interact with one another and contribute to the growing trend of globalization, which is evidenced by the increasing cross-border transactions in goods, services, and financial capital. Furthermore, international trade and international capital flows can influence the exchange rate and the trade balance, affecting the level of economic integration. Changes in capital flows, for instance, can lead to corresponding adjustments in currency values and influence trade balances, as seen in scenarios of capital outflows in a small, open economy, where the demand for foreign currency can alter the exchange rate.
You manage a software development group with team members in North America, South America, and Asia. Your boss wants you to write a status report about your group's activities. You need key team members to contribute to the report, but doing so is challenging when team members are in so many different time zones. Which writing tool is likely to benefit you most on this project?
Answer:
Google Docs.
Explanation:
I think is the best option due to the time zone differences. Everybody can contribute writing something and save it, so other people can correct or continue typing online.
Answer:B
Explanation:
just got it right
Asher Airlines instituted a marketing program whose intent is to create a relationship with customers with seat upgrades and free miles for their continued patronage. What customer relationship tool is Asher Airlines using __________________.
Answer:
frequency marketing program
Explanation:
Frequency Marketing is the marketing strategy that is used to lure as well as retain the customers for a longer period of time. It includes events such as advertising at the frequent intervals, offering discounts to the loyal customers, conducting and organizing various events etc. This type of strategy is carried out at the frequent intervals of the time to retain the customers.
Hence, Asher airlines is offering such discounts to retain and lure their customers and this is a type of frequency marketing program.
For tax reporting purposes, companies typically transfer more of the asset’s cost from the balance sheet to the income statement in the earlier years of the asset’s life. This is called accelerated depreciation and it is a benefit to the company. Thus, companies record deferred tax assets (benefits) for this accelerated depreciation. True/False
Answer:
False
Explanation:
Depreciation is a standard expense, which is based on consistent formula of depreciation used by organisation, it can be straight line, double declining as per the company's choice.
But the formula has to be consistent.
Also, a company charges depreciation as per US GAAP in financial statements which do not allow the company to charge high depreciation in initial years and then claim a deferred tax asset.
Therefore, the statement is:
False
What does the statement "This note is legal tender for all debts, public and private" guarantee?
a) US currency is backed by gold.
b) US currency is backed by silver.
c) US currency is a way of obtaining legal credit.
d) US currency has value backed by the federal government.
Answer:
US currency has value backed by the federal government.
Explanation:
D. US currency has value backed by the federal government.
Free cash flow describes the net cash provided by operating activities after adjusting for A : current liabilities. B : both capital expenditure and dividends paid. C : capital expenditures only. D : dividends paid only.
Answer:
The answer is B, both capital expenditure and dividends paid.
Explanation:
In the Statement os Cash Flow, cash provided by operating activities fails to take into account that a company must invest in a new property, plant, and equipment and must maintain dividends at current levels to satisfy investors.
Free cash flow describer the net cash provided by operating activities after adjusting for capital expenditures and dividens paid.
Abbie Marson is the sole owner and operator of Great Plains Company. As of the end of its accounting period, December 31, Year 1, Great Plains Company has assets of $908,100 and liabilities of $267,845. During Year 2, Marson invested an additional $28,658 and withdrew $25,871 from the business. What is the amount of net income during Year 2, assuming that as of December 31, Year 2, assets were $980,279 and liabilities were $233,892?
a. $33,953.
b. $103,345.
c. $25,871.
d. $72,179.
Answer:
b. $103,345
Explanation:
Assets = Liabilities + Owner's Equity
Owner's Equity (Year 1) = $908,100 - $267,845
= $640,255
Owner's Equity (Year 2) = $980,279 - $233,892
= $746,387
increase in Owner's Equity = Owner's Equity (Year 2) - Owner's Equity (Year 1)
= $746,387 - $640,255
= $106,132
Net income during Year 2 = Increase in Owner's Equity - Additional investment + Withdrawals
= $106,132 - $28,658 + $25,871
= $103,345
Therefore, the amount of net income during Year 2 is $103.345.
No Child Left Behind legislation is the current reauthorization of the Elementary and Secondary Education Act of 1965. True False
im positive it is true.
Explanation:
Answer:
True
No child let behind legislation is the current reauthorization of the Elementary and Secondary Education Act of 1965
Explanation:
In 2002 No child left behind was passed by Congress as a reauthorization of the elementary and secondary act of 1965. It included provisions for disadvantaged students, as well as support for the reform of standard-based education following the ide that setting high standards and establishing tangible goals could improve the educational environment and its effect on students.
Sheila and Vickie are sisters who enter into a contract to buy a vacation property. The sisters get into a dispute, and Vickie no longer wants any part of the deal. However, Sheila talks her younger brother Joe into replacing Vickie on the contract. Vickie agrees to the substitution. This is an example of _____________.
Answer:
The correct answer is Novation.
Explanation:
Innovation represents all those transformations that introduce originality and novelty, usually develop more frequently in the economic context, especially when companies implement new products or services that become successful within the market, prevailing in it through advertising.
Innovation is a technique that can solve problems or shortcomings, which can be done through improvement and not just the creation of something new.
Which resource management activity identifies and verifies that personnel are qualified for a particular position? A. Qualifying B. Planning C. Certification D. Credentialing
Answer:
D . Credentialing
Explanation:
It is usually carried out at the beginning of employment (initial application) and subsequently at regular intervals (re-election). The accreditation of suppliers or other organizations can begin before the purchase process and be repeated regularly.
At the end of a recent year, Jefferson Cleaning Service, a full-service house and office cleaning service, had total assets of $ 6 comma 280 and equity of $ 3 comma 380. How much were Jefferson Cleaning Service's liabilities?
Answer:
Jefferson Cleaning Service's liabilities: 2,900
Explanation:
Accounting Equation Formula
Assets = Liabilities + Owner's Equity
Asset – Owner's Equity = Liabilities
In Jefferson Cleaning Service`s case:
Liabilities = 6,280 – 3,380
Liabilities = 2,900
Final answer:
Jefferson Cleaning Service's liabilities add up to $2,900, calculated by subtracting equity from the total assets, using the accounting equation Liabilities = Assets - Equity.
Explanation:
To determine the amount of Jefferson Cleaning Service's liabilities, we use the basic accounting equation:
Assets = Liabilities + Equity
Given that the total assets are $6,280 and the equity is $3,380, we can find the liabilities by rearranging the equation:
Liabilities = Assets - Equity
So, the liabilities of Jefferson Cleaning Service are calculated as follows:
Liabilities = $6,280 - $3,380
Liabilities = $2,900
Therefore, Jefferson Cleaning Service's liabilities amount to $2,900.
Your broker calls to offer you the investment opportunity of a lifetime, the chance to invest in mortgage-backed securities. The broker explains that these securities are entitled to the principal and interest payments received from a pool of residential mortgages. List some of the questions you would ask your broker that would help in assessing the risk of this investment opportunity?
Final answer:
When assessing the risk of mortgage-backed securities, ask your broker about the selection process of the underlying mortgages, the default rate, the diversification of the loan pool, terms and conditions, and credit ratings. These questions will help you evaluate the investment's viability.
Explanation:
Assessing the risk of investing in mortgage-backed securities involves asking your broker a series of questions. You would want to know the track record of the financial institutions originating the loans and the details of the securitization process. Key questions include:
How are the mortgage loans being selected for the securities?What is the default rate of the underlying mortgages?Have the mortgages been issued to borrowers with strong credit profiles?How diversified is the pool of mortgages?What are the terms and conditions of the securities?What is the rating given by the credit agencies, and on what basis?How is the revenue stream structured—specifically, what tranches exist, and how is risk allocated among investors?Understanding the risks associated with these securities is crucial, especially given the role they played in the financial crisis of the mid-2000s and questions around the rigor of ratings agencies' assessments at the time.
Sara believes that she has a strong case against Tom for the breach of an employment contract. Despite this belief, Sara cannot file a suit against Tom after the expiration of the time allowed for the filing undera) the statute of limitations.b) the doctrine of laches.c) an equitable maxim.d) the remedy at law.
Answer:
The correct answer is a) The statue of limitations.
Explanation:
The statue of limitations is a law that sets a time limit to pursue legal action against an alleged offense. After that period of time is up, it is no longer possible to initiate a claim, regardless of its underlying merits. This time limit varies depending many factors, e.g. the severity of the crime, the amount of time evidence can last and the jurisdiction of the crime. In the case of serious crimes, for instance, genocide and murder, there is no statue of limitations and legal claims can be filed at any time.
Salary Payable at the beginning of the month totals $ 20 comma 000. During the month, salaries of $ 120 comma 000 were accrued as expense. If ending Salary Payable is $ 14 comma 000, what amount of cash did the company pay for salaries during the month?
Answer:
Salaries paid during the month were $126,000
Explanation:
Given:
Beginning salary payable = $20,000
Salary expense accrued during the month = $120,000
Ending salary payable = $14,000
Salaries paid during the month is computed as shown below:
Salaries paid = (Beginning salary + Accrued salary expense) - ending salary payable
= (20,000 + 120,000) - 14,000
=$126,000
Therefore, salaries paid during the month were $126,000.
Torres Travel’s stockholders' equity at the beginning of March 2022 was $200,000. During the month, the company earned net income of $50,000 and paid dividends of $10,000. At the end of March 2022, what is the amount of stockholders' equity?
Answer:
At the end of March 2022, the amount of stockholders' equity is $240,000
Explanation:
The net income of $50,000 increases the amount of stockholders' equity:
stockholders' equity + net income = $250,000
And the paid dividends of $10,000 decreases the amount of stockholders' equity:
stockholders' equity - paid dividends = $240,000
Jorge Martinez is a well-educated entrepreneur who operated a small business in his home country of Florentina. At the encouragement of his American relatives, Jorge recently immigrated to the United States and applied for U.S. citizenship. "In Florentina, tax rates were very high," Jorge complained. "The government used the taxes I paid to finance all sorts of social programs to help the less fortunate. While this is a noble goal, it has really undermined the profit incentive of individuals such as me. I really feel that these high taxes have stifled economic growth." Jorge's comments illustrate the reason many socialist countries are experiencing a(n):
Answer:
brain drain
Explanation:
According to my research on economy and politics in certain countries, I can say that based on the information provided within the question these comments illustrate the reason many socialist countries are experiencing a brain drain. When speaking in terms of population and immigration, this term refers to the emigration of highly trained or qualified people from a particular country to another.
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An annuity may best be defined as:
A. a payment at a fixed interest rate.
B. a series of payments of unequal amount.
C. a series of yearly payments, regardless of amount.
D. a series of consecutive payments of equal amounts.
Answer: D. a series of consecutive payments of equal amounts.
Explanation:
An annuity is a financial commodity that provides a fixed amount of payments, paid in equal periods, such as deposits made into savings accounts, monthly home mortgage payments, and monthly insurance payments.
Annuities are meant to be a safe way to secure a steady capital flow during people´s retirement years, as well as to avoid outliving their assets.
An annuity can be best defined as a series of consecutive payments of equal amounts. The Option D.
What is the definition of an annuity?It is a financial product or investment that provides regular payments over a specified period of time. These payments can be made monthly, quarterly, annually, or at other intervals and they typically include both a principal portion and an interest component.
Annuities are commonly used for retirement planning and provide individuals with a steady income stream during their post-work years. By receiving equal payments at regular intervals, annuity holders can better manage their finances and budget effectively.
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The process of attempting to determine all cost elements such as acquisition price, purchasing administration, follow-up, expediting, inspection and testing, rework, scrap, downtime, lost sales and customer returns is called:
a. total cost of ownership.
b. activity-based costing.
c. target pricing.
d. competitive bidding.
e. learning curve.
Answer: Total cost ownership
Explanation: Total cost ownership is a kind of financial estimate that is used by the buyers and the owners to determine the total indirect and direct cost of a commodity produced or purchased.
It includes all the expenses that are incurred to make the product ready for use to the final customer. It involves a series of activities that is performed by the producer to ready the product.
Hence from the above we can conclude that the correct option is A.
Which of the following events is not recorded in the accounting records? Entry field with incorrect answer now contains modified data Equipment is purchased on account. A cash investment is made into the business. The declaration of cash dividends. An employee is terminated.
Answer:
An employee is terminated.
Explanation:
All the transactions, in a company or organisation are recorded in financial statements of the company.
For this each transaction having some numerical value, that has a monetary effect on the organisation is identified.
In the given case,
purchase of equipment will involve direct monetary effect as cash will be paid, asset will be increased, etc:cash investment made, will again require cash outflow, and is presented as monetary in nature.Declaration of cash dividends gives existence to a liability called dividend payable, or scrips payable, and is thus, recorded in books.The termination of employee does not itself involve any direct monetary effect. As, the payment made or realized from such termination will be recorded in financial statements.
Licensing is perhaps the easiest method of entering into international trade. another method of entering international trade which can be relatively low risk, is _____________, which opens several levels of involvement to company.
Answer:
Another method of entering international trade which can be relatively low risk, is exporting.
Explanation:
After licensing, exporting is one of the smoothest ways to capture international markets. It involves sending goods and services from one country to another. It is considered to be relatively low-risk and it has multiple benefits attached to it. It enables business owners to discover new growth opportunities in an international market. It also helps in widening the target audience. Moreover, businesses with seasonal demand can balance out their sales by capturing different markets.
Assume a hypothetical case where an industry begins as perfect competition and then becomes a monopoly. As a result of this change, A. consumer surplus will be smaller, producer surplus will be greater, and there will be a reduction in economic efficiency. B. consumer surplus will be smaller and producer surplus will be greater. There will be a net increase in economic surplus. C. price will be higher, consumer surplus will be greater, and output will be greater. D. price will be higher, output will be lower, and the deadweight loss will be eliminated.
Answer:
The correct answer is A. consumer surplus will be smaller, producer surplus will be greater, and there will be a reduction in economic efficiency.
Explanation:
Monopoly is a form of market totally opposed to perfect competition. It is part of the so-called "imperfect competition", those markets that do not meet the assumptions of perfect competition.
Three situations can be distinguished:
Monopoly of offer. There is only one bidder and many plaintiffs. An example is that of companies that operate an exclusive public service. Monopoly of demand or monopsony. There is only one plaintiff and many bidders. One case is the dependence of the defense industry on state contracts. Bilateral Monopoly. When there is only one plaintiff and one sole offeror. An example is the labor market where the negotiation of a wage increase is carried out between the employer's association and the union platform.However, when we talk about monopoly in general, we refer to the offer that is what we are going to focus on.
In this type of market, the monopoly company has the power to set prices and quantities since there is no competition. The monopolist will offer a smaller quantity at a higher price than if the market were of perfect competition. In addition, having the sale insured, the company does not care about product quality or consumer satisfaction.
he economy is in long-run equilibrium when there is a correctly anticipated increase in aggregate demand. In new Keynesian theory, the price level will rise __________ in the short run than it is predicted to rise in new classical theory.
Answer: slowly
Explanation: In new Keynesian theory, the price level will rise slowly in the short run than it is predicted to rise in new classical theory. New Keynesian explanations of sticky prices often emphasize that not everyone in the economy sets prices at the same time. Instead, the adjustment of prices throughout the economy is staggered. Staggering complicates the setting of prices because firms care about their prices relative to those charged by other firms. Staggering can make the overall level of prices adjust slowly, even when individual prices change frequently. The price level rises slowly as the result of small price increases on the first and the fifteenth of each month. Hence, staggering makes the price level sluggish, because no firm wishes to be the first to post a substantial price increase. During the 1990s, the debate between new classical and new Keynesian economists led to the emergence of a new synthesis among macroeconomists about the best way to explain short-run economic fluctuations and the role of monetary and fiscal policies. The new synthesis attempts to merge the strengths of the competing approaches that preceded it. From the new classical models it takes a variety of modeling tools that shed light on how households and firms make decisions over time. From the new Keynesian models it takes price rigidities and uses them to explain why monetary policy affects employment and production in the short run. The most common approach is to assume monopolistically competitive firms (firms that have market power but compete with other firms) that change prices only intermittently.
Juana looked at her September issue of O magazine and did not see anything of interest. However, after her mother was diagnosed with bipolar disorder, Juana found the issue extremely interesting because it offered advice on how to help people who are suffering from this problem. The fact that the boring issue became quite interesting is most directly due to a change in Juana's ________.
A) exposure
B) cultural values
C) attention
D) personality
Answer: attention
Explanation: The given case illustrates the concept of selective attention.
Selective attention refers to the situation when an individual focuses on a particular aspect of a vast subject matter due to his or her specific need or preferences.
In the given case, Juana found the magazine interesting because of the topic regarding a disease was covered in the magazine from which her mother was suffering.
Therefore, we can conclude that the correct option is C.