Answer:
Amount of sale contributed by dinner was $100,000
Explanation:
If total sales were $200,000 and breakfast sales were $20,000 and lunch sales were 40% of totales sales ($200,000 x 0,4=$80,000) that woud be:
$200,000 total sales
-
$20,000 breakfast
-
$80,000 lunch
---------------
$100,000 dinner
China produces many products at the lowest cost possible, even though Chinese consumers do not desire many of these products (e.g., football helmets). China is achieving: A) production efficiency only B) allocative efficiency only C) both production efficiency and allocative efficiency D) neither production efficiency nor allocative efficiency
Answer:
Production efficiency.
Explanation:
It's production is efficient because produces products at a lower cost that the competition.
It's not allocative efficiency, because when this happens, production represents costumers preferences.
Use the question facts to complete the following statements. The opportunity cost of catching a pound of bass is ______ for Abe than for David, and the opportunity cost of picking a pound of cherries is ______ for Abe than for David. A. lower; lower B. lower; higher C. higher; lower D. higher; higher So ______ has a comparative advantage in producing ______. A. Abe; bass B. Abe; cherries C. David; bass D. David; both bass and cherries
Answer:
c. higher; lower
A. Abe; bass
Explanation:
The opportunity cost of catching a pound of bass is higuer for Abe than for David, and the opportunity cost of picking a pound of cherries is lower for Abe than for David.
So Abe has a comparative advantage in producing bass.
Pro-Tect Insurance Company has recently been paying out more on car-theft claims than it expected. Cars with special antitheft devices or alarm systems are much less likely to be stolen than are other cars. Consequently Pro-Tect, as part of an effort to reduce its annual payouts, will offer a discount to holders of car-theft policies if their cars have anti-theft devices or alarm systems.
Which of the following, if true, provides the strongest indication that the plan is likely to achieve its goal?
(A) The decrease in the risk of car theft conferred by having a car alarm is greatest when only a few cars have such alarms.
(B) The number of policyholders who have filed a claim in the past year is higher for Pro-Tect than for other insurance companies.
(C) In one or two years, the discount that Pro-Tect is offering will amount to more than the cost of buying certain highly effective antitheft devices.
(D) Currently, Pro-Tect cannot legally raise the premiums it charges for a given amount of insurance against car theft.
(E) The amount Pro-Tect has been paying out on car theft claims has been greater for some models of car than for others.
Answer:
The correct answer is C) In one or two years, the discount that Pro-Tect is offering will amount to more than the cost of buying certain highly effective antitheft devices.
Explanation:
For the Pro-Tect plan to work, at least some of the insured who do not currently have an anti-theft device or an alarm system must decide to install such device or system due to the discount. If the cost of anti-theft devices is very high in relation to the size of the discount, the discount may not be enough to encourage policyholders to buy such devices. Option (C) tells us that the devices would "pay for themselves" after only a year or two and, therefore, that customers installing those devices will save money every successive year. The fact that customers have a financial incentive to install such devices provides a strong indication that the plan will achieve its objective. Keep the option (C).
Paula is about to open a new hardware store. She is making decisions regarding lighting, colors, and layout of merchandise. Paula knows these __________ factors will influence consumers' purchase decisions.Select one:a. socialb. interpersonalc. postpurchase dissonanced. extended habituale. store atmosphere
Answer:
Store atmosphere
Explanation:
Store atmosphere -
From the question , the perfect option for the question , is the store atmosphere , as the layout of the store plays a major role in attracting the customers .
The examples of the store atmosphere are the merchandise layout , color ,
Lighting .
The atmosphere of the store , enables the customer to get influenced to buy the goods .
Paula is making decisions about lighting, colors, and layout of merchandise for her new hardware store, these are considered store atmosphere factors which significantly influence consumers' purchase decisions.
Explanation:Paula is considering various aspects such as lighting, colors, and layout of merchandise for her new hardware store. These are considered store atmosphere factors, which are essential in influencing consumers' purchase decisions.
The store atmosphere includes physical aspects of a store, layout, temperature, lighting and more, collectively creating a certain mood or environment that can significantly impact a consumer's buying behavior.
Think of it as the store's personality; if it aligns with customers' preferences, it can potentially lead to more purchases. Paula's decisions are therefore crucial in setting the tone for her store and ensuring it resonates with her target audience.
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With respect to the quality dimensions of manufactured products, _____ refer(s) to the probability of a product’s surviving over a specified period of time under stated conditions of use.
Answer:
Reliability.
Explanation:
David A Garvin provides eight components or dimensions of quality.
1-Conformance. Meeting the specifications of the coustumer.
2-Performance. Primary product functions such as clarity of voice received in mobil phone, radio.
3-Features. Added functions (secondary functions) to a product such as recording system in a television set.
4-Durability. Lifetime of the products, which include repairs.
5-Reliability. The probability of a product performing its intended duty under stated conditions without failure for a given period of time. The probability of a product’s surviving over a specified period of time under stated conditions of use
6-Service. Easy to repair.
7-Reputation. Customer´s perceptions about the product which can be understood from a market research survey.
8-Aesthetics. The external finish given to a product to attract the customer.
Which of the following refers to the sourcing of goods and services from locations around the globe to take advantage of national differences in the cost and quality of factors such as labor, energy, land, and capital?
A. Globalization of markets
B. Containerization of production
C. Dispersal of production
D.Globalization of production
E. Industrialization of markets
Answer: Globalization of production
Explanation: In simple words, production globalization refers to the free flow of factors of production from one economy to others.
The business firms nowadays face a lot of competition due to which they always seek for sources which can provide them low cost or better quality at same prices.
Thus, globalization helps these firms to take benefit of price difference in factors of production in different economies.
Merideth Harper has invested $25,000 in Southwest Development Company. The firm has recently declared bankruptcy and has $60,000 in unpaid debts. Explain the nature of payments, if any, by Ms. Harper in the following situation.
a) Southwest Development Company is a sole proprietorship owned by Ms. Harper.
b) Southwest Development Company is a 50–50 partnership of Ms. Harper and Christopher Black.
c) Southwest Development Company is a corporation.
Answer:
Explanation:
1) If Southwest Development Company is a sole proprietorship owned by Ms. Harper then Ms. Harper has unlimited liability in the business which means that creditors can claim against her personal assets.
2) If Southwest Development Company is a 50-50 partnership of Ms. Harper and Christopher Black then Ms. Harper has unlimited liability in the business which means creditors can claim against her personal assets.(same like number 1)
3) If Southwest Development Company is a corporation then Ms. Harper has limited liability in the business which guarantees that Ms. Harper cannot lose more than the $25,000 she invested.
For business combinations involving less than 100 percent ownership, the acquirer recognizes and measures all of the following at the acquisition date except: Multiple Choice
a. Identifiable assets acquired, at fair value.
b. Liabilities assumed, at book value.
c. Non-controlling interest, at fair value.
d. Goodwill or a gain from bargain purchase.
Answer:
b. Liabilities assumed, at book value.
Explanation:
International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS) require everything (Assets, Liabilities and Non-controlling interest) to be measured at the fair market value, the amount a third-party would pay on the open market, at the time of acquisition — the date that the acquirer took control of the target company.
_____ is the concept of designing marketing communications programs that coordinate all promotional activities to provide a consistent message across all audiences.
Answer:
Integrated Marketing Communications
Explanation:
According to my research on different marketing techniques, I can say that based on the information provided within the question the term being described is called Integrated Marketing Communications. Like mentioned in the question this concept basically makes sure that all forms of communication and messaging are interconnected in order to promote something more efficiently.
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Elasticity provides a guide to both responsiveness of:
a. quantity demanded to a change in price and change in revenue as price changes.
b. Market stability and change in revenue as price changes.
c. Responsiveness of quantity demanded to a change in price and market stability.
d. Technological change and change in revenue as price changes.
Answer:
The correct answer is option a.
Explanation:
Price elasticity of demand measures the change in the quantity demanded of a commodity due to the change in its price.
The change in quantity demanded and price level affects the total revenue as the total revenue is the product of price and quantity demanded.
So when the price is elastic then a change in the price level will cause a greater change in quantity demanded and thus in revenue. Similarly, when demand is inelastic a change in the price level will cause a smaller change in quantity demanded and thus revenue.
Suppose that a worker in Country A can produce either 25 bananas or 5 tomatoes cach year. Country A has 200 workers. Suppose a worker in Country B can produce either 18 bananas or 6 tomatocs each year. Country B has 400 workers. The opportunity cost of one tomato in Country B is: Multiple Choice 18 bananas. 3 bananas. 108 bananas. 6 bananas
Answer:
The opportunity cost of one tomato in Country B is 3 Bananas
Explanation:
Banana Tomato Workers Oportunitty Cost
25 5 200 5
18 6 400 3
The opportunity cost of producing a single tomato in Country B is 3 bananas, as by producing a tomato, a worker forgoes the production of 3 bananas.
Explanation:The opportunity cost in terms of economics refers to the cost of forgoing the next best alternative when making a decision. In this case, you are looking for the opportunity cost of producing one tomato in Country B. As per the information given, one worker in Country B can produce either 18 bananas or 6 tomatoes. Therefore, for every tomato produced, they could have produced 3 bananas. So, the opportunity cost of producing one tomato in Country B is 3 bananas.
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The millions of workers leaving the job market for the reasons given are A. counted as unemployed in the BLS data because of lags in the data. B. not counted as unemployed in the BLS data because they are no longer actively looking for work. C. not counted as unemployed in the BLS data because they are still of working age. D. counted as unemployed in the BLS data because they may return to work.
Answer:
B) not counted as unemployed in the BLS data because they are no longer actively looking for work
Explanation:
Unemployment is measured in order to determine the unemployment rate. The rate is a percentage that is calculated by dividing the number of unemployed individuals by the number of individuals currently employed in the labor force
Pavel is using the story line approach in his presentation. He says that the coffee shop chain he works for faces the challenge of improving its customer service orientation and presents the goal of improving the customer satisfaction rating from 80 percent to more than 95 percent. What aspect of a business story does this represent?
Answer:
the moral or lesson
Explanation:
Well from this it is completely conclusive that the Pavel is aiming to increase the customer satisfaction through quality means and not from any other indifferent means.
Thus, Pavel aims to clearly increase the production and then the supply and accordingly aims to customer clarity and performance through increase in moral support and impact.
Therefore, the correct term is Moral or lesson.
The Maple Grove Hotel manager has collected data on the number of rooms occupied each evening for the past 700 nights. The fewest rooms occupied during that period was 11 and the most was the capacity, 430. Based on this information, which of the following would be reasonable class limits for the first class if the manager wishes to use 8 classes to develop a frequency distribution?
Answer: 65
Explanation:
10 or <65
(430-11)/8 =52.375, 11-1 =10+52.375 =62.375-->65
Information is considered material to the financial statements if I. It falls within industry-specific quantitative guidelines published by the Financial Accounting Standards Board. II. Its omission could make a difference in the decisions made by a user relying on the financial statements. III. Its misstatement could make a difference in the decisions made by a user relying on the financial statement.
Answer:
The correct answer are I and II.
Explanation:
The conceptual framework of IFRS defines that: "The information is material or of relative importance if its omission or inappropriate expression can influence decisions that users make based on the financial information of a specific reporting entity."
Relative importance (materiality) is defined in ISA 320 using the definition used by the IASB in the conceptual framework, the relative importance needs to consider both the amount (amount) and the nature (quality) of the representations on an economic fact, in the same way it is It is necessary to consider the possibility of misrepresentations of relatively small amounts that could have an important effect on financial information.
At september 1, the balance sheet accounts for stanley's restaurant were as follows: $ 3,800 accounts payable 9,600 accounts receivable 68,000 buildings 10,000 cash 18,700 equipment 33,000 land ??? owner's capital 48,000 notes payable 6,600 supplies calculate the owner's capital at september 1, 2016
To calculate the owner's capital, we first determine the total assets and total liabilities, then use the accounting equation. Total assets are $145,900, total liabilities are $51,800, and subtracting the liabilities from assets gives the owner's capital of $94,100.
Explanation:To calculate the owner's capital at September 1, 2016, for Stanley's Restaurant, we need to use the accounting equation: Assets = Liabilities + Owner's Equity (where Owner's Equity is the same as owner's capital). From the given data, we can determine the total assets and the total liabilities of the business and then solve for owner's equity.
First, we add up all the assets:
Accounts Receivable: $9,600Buildings: $68,000Cash: $10,000Equipment: $18,700Land: $33,000Supplies: $6,600Total Assets = $9,600 + $68,000 + $10,000 + $18,700 + $33,000 + $6,600 = $145,900
Next, we add up all the liabilities:
Accounts Payable: $3,800Notes Payable: $48,000Total Liabilities = $3,800 + $48,000 = $51,800
Now, we use the accounting equation to solve for the owner's capital:
Owner's Capital = Total Assets - Total Liabilities = $145,900 - $51,800
Owner's Capital = $94,100
The calculated owner's capital for Stanley's Restaurant at September 1, 2016, is $94,100.
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In the post World War II period, considerable growth in total production took place in the United States. But at the same time, businesses were dumping their waste into the Great Lakes with minimal cost to themselves, significantly polluting the bodies of water as a result. This occurrence is an example where
A) real GDP gives an overly positive view of economic welfare.
B) real GDP gives an overly negative view of economic welfare.
C) investment would have been a better measure of total production.
D) the pollution counts as a final good.
Answer:
The answer is A) real GDP gives an overly positive view of economic welfare.
Explanation:
Real GDP measures the economic value of total produced goods of an economy adjusted by price levels. It takes in account consumption, investment government purchases and net exports.
However, they do not take into account externalities or negative consequences of the production of an economy. If US produced in factories that produce a lot of pollution, the GDP would capture the value of the produced goods from the factory. However it will not measure the economic consequences of pollution, damage to environment and the industries that depend in these resources. In the long run GDP could be lower if that pollution decreased the possibilities or inputs used to produce goods but in the short run GDP will give a positive view as if nothing bad was happening.
Pfizer Corp. is introducing a really new product idea. Pfizer is spending a lot of money to inform potential customers and middlemen about the availability and advantages of the new product. Although sales are rising slowly, Pfizer doesn't expect the product to become profitable for at least another year. Pfizer's new product is in which stage of the product life cycle?
a. market introduction
b. sales decline
c. market development
d. market growth
Answer:
Market Introduction
Explanation:
According to my research on different business strategies, I can say that based on the information provided within the question this product is in the stage known as Market Introduction. In this stage, an newly developed product is introduced into the market, which is why it takes a while before it actually provides profit.
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The economic value of an ecosystem service can be measured by accessing the willingness to pay for the action to ________ it.
a. conserve
b. monitor
c. value
d. recirculate
e. preserve
Final answer:
The economic value of an ecosystem service can be measured by accessing the willingness to pay for the action to conserve it. Environmental economics estimates the market value of ecosystem services to demonstrate their contribution to the economy.So,option A conserve is correct.
Explanation:
The economic value of an ecosystem service can be measured by accessing the willingness to pay for the action to conserve it. In environmental economics, practitioners estimate the market value of ecosystem services to demonstrate the contribution of these services to the economy. This involves assessing the avoidance cost, replacement cost, factor income, and travel cost associated with different ecosystem services.
Ottercut Tech, a software start-up, is putting together a new team to work on the marketing strategies for their expansion project. In the context of using the "Big Five" personality traits for effective team building, which of the following employees would be a good addition to a team that encourages a strong and harmonious culture and is most likely to give the best results?
A. Jamie is very organized; Stella is very cooperative.
B. Mary is not achievement-oriented; Issac is laid-back.
C. Both John and Adam are domineering.
D. Both Miriam and Ann are aggressive and unforgiving.
E. George is emotionally unstable; Bianca is constantly depressed
Answer:
The answer is: A) Jamie is very organized; Stella is very cooperative.
Explanation:
The Big 5 personality traits is a model used by psychologists to try to describe a person´s personality and how it affects their working behavior.
The five traits (or factors) used in this model are:
Openness: is a person curious or cautious Conscientiousness: is a person organized or careless Extroversion: is a person outgoing or prefers solitude Agreeableness: is he friendly or takes little interest on others Neuroticism: is a person emotionally unstable or secureIf you follow through this model, Jamie and Stella would be the best possible candidates for a software start-up. They show high conscientiousness, extroversion and agreeableness.
No one has all the right possible combinations of good personality traits, but with this model you try to avoid problems and facilitate team work.
Seabuds Corp., a company that sells canned fish, was banned from selling its products after the Food and Drug Administration (FDA) found unacceptable ingredients used as preservatives in its products. In this scenario, Seabuds most likely violated
Answer:
Administrative Law
Explanation:
Administrative Law are the norms and rules that the government agencies and companies that interact with them must follow
Peter must inform his employees that his company will need to let go of employees. Which word would be best for Peter to use when conveying this idea to his employees?
(a). Layoff
b) Streamlining
c) Downsizing
d) Rightsizing
Answer:
The answer is: D) Rightsizing
Explanation:
Although rightsizing and downsizing are synonyms, using the word rightsizing is seen as a more polite or less dramatic way of laying off workers.
The process of rightsizing usually involves laying off workers (reducing workforce), cutting costs and rearranging top management.
The reason it sounds less dramatic and harsh is that sometimes (although very rarely) the total workforce of the company rises. The process might involve laying of people from sector A and hiring many more for sector B.
Technically this process adapts the company to new or changing market conditions.
Dollar bills in the modern economy serve as money because
A) they are backed by the gold stored in Fort Knox.
B) they can be redeemed for gold by the central bank.
C) they have value as a commodity independent of their use as money.
D) people have confidence that others will accept them as money.
Answer:
The correct answer is option C.
Explanation:
Dollar bills in the modern economy will be used as money because they serve as a medium of exchange, store of value, and unit of account. They have no independent value as a commodity apart from these uses.
This makes the exchange function of money easier. People will not hoard dollar bills for other purposes as it has no intrinsic value on its own. It is just a piece of paper.
Dollar bills serve as money because people have confidence that others will accept them. They are not backed by gold or other commodities but are declared to be legal tender by the government.
Explanation:Dollar bills in the modern economy serve as money because people have confidence that others will accept them as money. In the past, some currencies were backed by gold or other commodities, but currently, most currencies, including the US dollar, are fiat money. Fiat money has no intrinsic value but is declared by a government to be a country's legal tender. The value of fiat money is based on the universal faith and trust that it holds value.
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I'MaPizzaCo. produces and sells specialty pizzas. Last year, it produced 8,000 mushroom, sausage and spinach pizzas and sold each one for $8. To produce these 8,000 specialty pizzas, the company incurred variable costs of $24,000 and a total cost of $40,000. I'MaPizzaCo's average fixed cost to produce 8,000 specialty pizzas was
a. 2.00b. 1.80c. 3.00d. 1.60
Answer:
the correct answer is option (a) 2.00
Explanation:
Given:
Total units produced = 8,000
variable cost incurred = $24,000
Total cost incurred = $40,000
Now,
Total cost = Fixed cost + Variable cost
or
$40,000 = Fixed cost + $24,000
Or
Fixed cost = $40,000 - $24,000 = $16,000
Therefore,
The average fixed cost for 8000 units = [tex]\frac{\textup{Total fixed cost}}{\textup{Total units produced}}[/tex]
or
The average fixed cost = [tex]\frac{\textup{16,000}}{\textup{8,000}}[/tex]
or
The average fixed cost = $2
hence,
the correct answer is option (a) 2.00
The average fixed cost to produce one specialty pizza by I'MaPizzaCo is $2.00, obtained by subtracting the variable costs from the total costs to get the fixed costs, and then dividing these by the number of pizzas produced.
Explanation:To identify the average fixed cost of I'MaPizzaCo, first you need to know the difference between the total costs and the variable costs. This will allow you to identify the fixed costs. Fixed costs are costs that do not change with the level of output, while variable costs are costs that vary with the level of output.
In this case, I'MaPizzaCo's total cost is $40,000 and the variable costs are $24,000. To find the fixed costs, simply subtract the variable costs from the total costs, which would be $40,000 - $24,000 = $16,000.
Now to find the average fixed cost, divide the fixed costs by the total number of units produced. So, $16,000 / 8,000 = $2.00. We can conclude that the average fixed cost to produce one specialty pizza is $2.00, therefore the answer is a. $2.00.
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Does it make sense? Is it reasonable? Is it something consumers will get excited about? Does it take advantage of an environmental trend, solve a problem, or fill a gap in the marketplace? These are the types of questions asked during the ________ feasibility component of a complete feasibility analysis. concept organizational financial industry/target market product/service
Answer:
product/service
Explanation:
According to my research on the feasibility analysis, I can say that based on the information provided within the question these re types of questions that are asked during the product/service feasibility component. These questions need to be asked and answered in order to determine whether is a certain product is right for the company and if it will sell, which allows the company to decide whether or not to proceed to mass production.
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Final answer:
The questions posed are part of the product/service component of a feasibility analysis, focusing on the viability of a new product in the market, including assessing demand, competition, and target audience. The feasibility study incorporates other aspects such as technological, economic, legal, and operational considerations to gauge the overall project viability.
Explanation:
The types of questions asked during the product/service feasibility component of a complete feasibility analysis are concerned with whether a new product or service will sell and if it will be profitable for the company. This involves assessing if there is a demand for the new product in the market, determining if there is a target audience that will prefer this product over the competition, and ensuring that it is visible and available for purchase by the consumer. Factors such as market size, growth, trends, and saturation, as well as product differentiation and target audience identification, are crucial components of this component of the feasibility study.
In addition to product/service feasibility, a comprehensive feasibility study will also consider technological, economic, legal, operational, and schedule feasibilities to ensure the holistic viability of the project. Clearly, the feasibility study should not overlook the time and resources necessary to successfully launch the product in adherence to the technological capabilities, market trends, and organizational readiness.
What is the shape of the monopolist’s marginal revenue curve?
a. a downward-sloping line that lies below the demand curve
b. a horizontal line that lies below the demand curve
c. a downward-sloping line that is identical to the demand curve
d. a horizontal line that is identical to the demand curve
Answer:
(b) A horizontal line that lies below the demand curve
Explanation:
Marginal revenue of a monopolist is in every case less or equivalent to the cost of the good.In the event that the monopolist needs to sell extra units of output he must diminish the cost.This diminish the marginal revenue earned by the monopolist.Since for each extra output he sells, he is compelled to decrease the cost to a similar amountSo the monopolists marginal revenue income curve is descending slopingWhich of the following is an example of reverse distribution in a supply chain?
a. products moved between intermediaries before reaching the customer
b. products moved from the factory to resellers
c. products moved to the factory by suppliers
d. products that are to be disposed upon being returned by resellers
e. products moved directly from producer to customer
Answer:
c. products moved to the factory by suppliers
Explanation:
Reverse logistics in the supply chain encompasses a variety of activities that go against direct logistics that follows the usual sense of the supply chain which would be manufacturer -> customer, this being inverse as follows; consumer or customer -> manufacturer or supplier.
Reverse distribution is the process involving the movement of goods from their typical final destination back to the point of origin or disposal. The correct example of reverse distribution in the provided options is when products are returned by resellers for disposal.
Explanation:The example of reverse distribution in a supply chain is d. products that are to be disposed upon being returned by resellers. Reverse distribution refers to the processes involved in moving goods from their typical final destination for the purpose of capturing value, or proper disposal. Unlike traditional distribution, which flows from producer to consumer, reverse distribution deals with the flow of goods from the point of consumption back to the point of origin or to a final disposal point.
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Warren Advertising becomes aware of a lawsuit after the end of the fiscal year, but prior to the issuance of financial statements. A loss should be accrued and a liability should be reported if the amount can be reasonably estimated and:
A)The cause for action occurred prior to the end of the fiscal year.
B)The damages would be payable within a year.
C)Both a. and b.
D)The contingency should not be accrued.
Answer:
The answer is: A) The cause for action occurred prior to the end of the fiscal year.
Explanation:
Warren Advertising should always accrue its losses or liabilities according to the following basic accounting principles:
Accrual principle: Transactions must be recorded in the periods when they actually occur, not necessarily than in the periods when there are cash flows associated with them.
Conservatism principle: Expenses and liabilities must be recorded as soon as possible, revenue and assets only when they occur.
In accounting, a loss from a lawsuit should be accrued and a liability reported if the amount can be reasonably estimated and the cause for action occurred before the end of the fiscal year.
Explanation:In accounting, when a company becomes aware of a potential loss from a lawsuit after the fiscal year-end but before the financial statements are issued, the appropriate course of action is to record an accrual for the loss and report a liability. According to Generally Accepted Accounting Principles (GAAP), this should be done if the amount can be reasonably estimated and the cause for action occurred prior to the end of the fiscal year. Therefore, the correct answer to when a loss should be accrued and a liability reported is A) The cause for action occurred prior to the end of the fiscal year. The payment terms, such as whether the damages would be payable within a year, do not change the necessity to accrue as this is determined by the event's occurrence date relative to the financial reporting period.
A property is listed for sale at $235,000. A buyer's offer of $220,000 is rejected by the seller. Six months later, the seller reduces the price to $225,000. Another buyer offers $210,000, and the seller accepts because the seller has found another house to buy and needs to close quickly. The property is subsequently appraised at $215,000. Which of these figures MOST accurately represents the property's market price?A. 210,000B. 215,000C. 225,000D. 235,000
210,000 figures MOST accurately represent the property's market price. Thus option A is correct.
Who is buyer?A buyer, sometimes known as a purchasing agent, is in charge of buying products for a company. They are free to negotiate contracts with suppliers, looking into potential purchases, and taking inventory of the existing product line. 10
Consider this issue logically; even though the pricing was 235,000, it ultimately sold for 210000. As a result, the company's equity worth would increase to $200,000 Any enhanced property can be valued using the cost technique. It is the most trustworthy method for appraising special properties.
The projected land value, along with the sunk costs of the structure and other renovations, are added together using the cost model to offer a value indication. Therefore, option A is the correct option.
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The government’s authority at all levels to ensure the health, safety and welfare of its citizens, which includes the control of public land use is the definition of ______.
Answer:
Police Power
Explanation:
According to my research on different government powers, I can say that based on the information provided within the question this is the definition of Police Power. Like mentioned in the question this is the ability that states have to regulate it's citizens behaviors and maintain order, for the health, safety, and general welfare of those citizens.
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Answer:
Law Enforcement Power
Explanation:
The government’s authority at all levels to ensure the health, safety and welfare of its citizens, which includes the control of public land use is the definition of Law Enforcement Power. However, many people know the law enforcement as police officers.