Answer:
$6,500
Explanation:
In these cases, the fraction 3/15 represents that 3% discount will be offered on payment if the payment is made within 15 days.
The fraction n/45 represents the total credit period allowed for this purchase is 45 days.
So if a person makes the payment beyond 15 days there will be no discount offered and accordingly, the purchase price will be paid.
Here, Happy Valley also paid after 15 days, that is on 17th day. Thus, net purchase will be $6,500 and no discount shall be recorded on such payment, or recording the purchase value.
Based on the method used to record purchases and the discount involved, the Accounts Payable for Happy Valley Inc. would be $6,500.
The terms 3/15, n/45 mean that Happy Valley would get a 3% discount if they pay within 15 days, otherwise they would have to pay in 45 days.
Happy Valley paid in 17 days which was outside the discount period so they will not get any discount and will pay the full $6,500.
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Under the current/noncurrent method
a)A foreign subsidiary with current assets in excess of current liabilities will cause a translation gain (loss) if the local currency appreciates (depreciates).
b)A foreign subsidiary with current assets in excess of current liabilities will cause a translation loss (gain) if the local currency appreciates (depreciates).
c)A foreign subsidiary with current assets in excess of current liabilities will cause a translation gain (loss) if the local currency depreciates (appreciates)
Answer:
a)A foreign subsidiary with current assets in excess of current liabilities will cause a translation gain (loss) if the local currency appreciates (depreciates).
Explanation:
Candy and Sarah own and operate a small restaurant. On a weekly basis, they go to their local Sam's Wholesale Club to purchase the food items and cleaning supplies they need for their business. With the exception of the volume they purchase and the items' intended use, this grocery shopping trip is identical to a weekly trip by their families to a grocery store. Sam's is serving as a ____ wholesaler for these entrepreneurs
Answer:
The correct answer is Cash and Carry.
Explanation:
Cash and carry ("Buy (take) and take (it)") is considered a commercial formula similar to an economato, evolved from traditional wholesale, with the particularity of addressing only and exclusively professionals (independent retailers and hoteliers) and operate on a free service basis. The retailer travels to the location of the wholesaler, chooses the items he needs, pays them and transports them, in front of the conventional procedure of placing the order to the wholesaler, so that he can transport it and serve it in the establishment of the retailer.
The concept of "Cash and Carry, wholesale self-service", is a commercial formula adapted to the needs of certain retailers, restaurants, cafes, hotels and other service providers, such as some institutions (HoReCa Sector, Hotels-Restaurants-Caterers). It is basically designed for professionals in the HoReCa sector, but it also accepts clients that are large consumers, such as institutions or educational centers.
In summary:
It is a wholesaler; that is, it never sells to an end consumer. To access a Cash and carry establishment, you must have a card or identification that proves the status of a retailer.
It has a commercial policy based on price and continuous offers.
Know your customers, their consumption and needs well.
The Gerald Corporation makes and sells a single product called a Clop. Each Clop requires 1.1 direct labor-hours at $8.20 per direct labor-hour. The direct labor workforce is fully adjusted each month to the required workload. The company is preparing a Direct Labor Budget for the first quarter of the year. If the company has budgeted to produce 20,000 Clops in January, then the budgeted direct labor cost for January is:_________
Answer:
$180,400
Explanation:
The computation of the budgeted direct labor cost is shown below:
= Number of budgeted production clops × required direct labor hours × direct labor hour rate
= 20,000 Clops × 1.1 direct labor hours × $8.20
= $180,400
Simply we multiply the budgeted production with the required direct labor hours and direct labor hour rate so that the budgeted direct labor cost can be computed
Monetary neutrality means that a change in the money supply ____.
a. does not change real variables. Most economists think this is a good description of the economy in the short run and in the long run. b. does not change real variables. Most economists think this is a good description of the economy in the long run but not in the short run
c. does not change nominal variables. Most economists think this is a good description of the economy in the short-run and the long run
d. does not change nominal variables. Most economists think this is a good description of the economy in the long run but not in the short run
Monetary neutrality is the concept that changes in the money supply do not affect real variables in the economy. This is generally accepted as true in the long run, but not in the short run.
Explanation:Monetary neutrality refers to a concept in economics that states an increase or decrease in the money supply does not affect real variables in the economy. Among the choices, option B correctly defines this concept. A change in the money supply does not change real variables. Most economists accept this as an accurate description of the economy in the long run, but not in the short run.
Real economic variables like production output and employment are unaffected by the money supply in the long run as per this theory.
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Monetary neutrality is the concept that changes in the money supply do not influence real variables like GDP and employment in the long run. Many economists agree that this is true for the long run, but not the short run, as an increased money supply can stimulate short-term spending and employment.
Explanation:In the field of economics, Monetary neutrality is a concept that contends that changes in the money supply do not have real effects on the economy in the long run. This means that a change in the money supply does not impact real variables such as employment levels, real GDP, or real consumption. It is connected with the concept of economics where 'real' refers to values that have been adjusted for inflation.
The correct answer to your question is 'Monetary neutrality means that a change in the money supply does not change real variables. Most economists think this is a good description of the economy in the long run but not in the short run'. This is because in the short run, an increase in money supply can stimulate spending and employment. However, in the long run, the economy adjusts, and we return to the original levels of output and employment, but with a higher price level i.e, more inflation. Hence, the general consensus among economists is that money is 'neutral' in the long run but 'non-neutral' in the short run.
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You recently inherited an Alvin and The Chipmunks "A Chipmunk Christmas" record. Since you don't have a record player, you need to find a way to convert the record into a CD. This is an example of data ______.1) Degradation2) Clickstreaming3) Rot4) Scattering
Answer:
3) Rot
Explanation:
Data rot refers to problems with the media on which the data (or music in this case) was stored. All physical storage devices may suffer from environmental conditions over time (e.g. humidity, light exposure, etc.) that may alter or damage the data contained in them.
In this case, since I don't a record player, I cannot listen to the Chipmunks. I need to convert that record into a CD and hopefully it wouldn't be damaged.
In the Resource (Factor) Market, who demands the factors of production?
A) Businesses / Firms
B) Individuals / Households
C) Businesses / Firms and Government
D) Individuals / Households and Government
Answer: The correct answer is "A) Businesses / Firms".
Explanation: Businesses and Firms demands the factors of production.
The households are those that go to the market of factors offering work, land and capital and in return they receive the salaries, rents and interests that are paid by the companies, who demand these factors to use them in the productive processes.
Answer:the answer is actually C. Business and firms and government
Explanation:
If the month-end bank statement shows a balance of $36,000, outstanding checks are $10,000, a deposit of $4,000 was in transit at month-end, and a check for $600 was erroneously charged by the bank against the account, the correct balance in the bank account at month-end is :
a) $29,400
b) $30,000
c) $30,600
d) $41,400
Answer:
c) $30,600
Explanation:
Bank statement balance = $36,000
Outstanding checks = ($10,000)
Deposit in transit as at month end = $4,000
Erroneous check charged = $600
Correct balance in the bank account = $36,000 - $10,000 + $4,000 + $600
= $30,600
The right option is c) $30,600
Let’s use the model of the supply and demand for bank reserves to explain how the Federal Reserve can change aggregate demand in the short run. Remember that the Federal Reserve controls the supply of bank reserves, but private banks create demand for bank reserves.
a. After a meeting, the Federal Reserve’s Open Market Committee votes to cut interest rates from 2% to 1.5%. How will they make this happen: Will they increase the supply of reserves or decrease the supply?
b. As a result of your answer to part a, will banks usually lend more money in response, or will they lend less money? Will this tend to increase the nation’s money supply, lower it, or will it have no net effect on the money supply?
c. Will this typically increase aggregate demand or lower it?
Answer:
A) To cut the interest rate from 2% to 1.5%, the Federal Reserve needs to increase the money supply. The Open Market Committee will have to sell US Treasury security bonds in order to increase the money supply. This in turn will increase commercial bank's reserves, who in turn, will lower their interest rates in other to get rid of excess reserves.
B) Banks will lend more money because they now have excess reserves. It will increase the nation's money supply because banks create money when they make loans.
C) This will typically increase aggregate demand because a lower interest rate and cheaper loans result in a higher demand for financial securities. Firms will take more loans, they will use this loans for investments, and this investments will in turn increase production. Increased production means a higher supply of goods and services at a better price, and consumers will take advantage of it.
Monterey Corporation reports net income of $550,000 that includes depreciation expense of $76,000. Also, cash of $53,000 was borrowed on a 4-year note payable. Based on this data, total cash inflows from operating activities are:______
A) $603,000
B) $679,000
C) $626,000
D) $474,000
Answer:
C) $626,000
Explanation:
‘Cash Flow Statement’ is one of major financial statement that indicates the inflow and outflow of cash along with the reasons by categorizing each cash transaction in three activities i.e., operating, investing or financing activity. Non-cash transactions are not considered while preparing a cash flow statement.
Operating Activities records the cash transactions involved in the operations of the business are recorded under ‘operating activities’ in the cash flow statement.
Examples: Revenue earned, expenses incurred etc.
There are two methods to prepare the cash flow statement. The only difference between both the methods is the way of presenting cash flow from operating activities.
The two methods of presenting cash flow statement are:
1. Direct method: Operating activities section under direct method reports the amount of cash received and paid by the company during the period.
2. Indirect method: Operating activities section under indirect method reports the net income and later adjusts the transactions to convert it to cash basis of accounting.
Given:
Net income = $550,000
Depreciation = $76,000
Net cash flows from operating activities = Net income + Depreciation expense
Net cash flows from operating activities = $550,000 + $76,000
Net cash flows from operating activities = $626,000
For this question, assume that the expected rate of inflation is a function of the past year's inflation. Also, assume that the unemployment rate has been equal to the natural rate of unemployment for a number of years. Given this information, we know that:
Answer:
The inflation rate should remain the same or around the same.
Explanation:
Since almost 50 years ago, there has been a very steady relationship between the inflation rate and the unemployment rate in the US. When the inflation rate is lowering, the unemployment rate tends to increase, and vice versa.
In this case the unemployment rate is stable and has been stable for a number of years, so the inflation rate should remain the same as last year's.
Spectrum Inc., an automobile manufacturer, is interested in measuring the customer satisfaction of car owners. It decides to collect data from new purchasers of Spectrum cars. In this scenario, the new purchasers of Spectrum cars represent a(n) _____.
Answer: Sampling unit
Explanation:
The sampling unit is the process in which the singular value are produced within the sampling database. Sampling is basically done for producing the accurate result by the proper research process and it is the process of represent the sampling by avoiding the bias.
The each unit of the sampling is the basically divided for the purpose of representing the samples in individually format in the form of unit.
According to the given situation, the new purchasers of the given spectrum are basically represent the sampling unit.
The new buyers of Spectrum cars represent a Sample unit from where the data relating to customer satisfaction will be collected.
What is a Sampling unit?A Sampling unit is one of the units selected for the purpose of sampling. Each unit is considered as one and indivisible when selected.
A sampling unit is a process by which a single quantity is generated within a sample site. Sampling is done to produce an accurate result through a proper research process and is a process for representing samples by avoiding bias.
Each Sample unit is basically subdivided for the purpose of representing the samples for each format in the form of a unit.
Thus, the new buyers of the given spectrum represent the Sampling unit.
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Inflation can be caused by A. increases in the long-run aggregate supply curve or decreases in the aggregate demand curve. B. decreases in the long-run aggregate supply curve or decreases in the aggregate demand curve. C. decreases in the long-run aggregate supply curve or increases in the aggregate demand curve. D. increases in the long-run aggregate supply curve or increases in the aggregate demand curve.
Answer: d
Explanation: the increase in the aggregate demand leads to increase in the price level. Workers have a higher expending capacity.
Any increase in the demand production causes the prices
to increase.
Inflation is primarily caused by decreases in the long-run aggregate supply curve or increases in aggregate demand curve, making option C the correct answer. Increases in LRAS signify economic growth, while increases in AD when the economy is at potential lead to higher prices but do not change real GDP or unemployment.
Explanation:Inflation can occur in an economy when there are shifts in aggregate demand (AD) and aggregate supply (AS). Specifically, inflation is typically caused by decreases in the long-run aggregate supply (LRAS) or increases in aggregate demand (AD). Therefore, the correct answer to the provided question is C. decreases in the long-run aggregate supply curve or increases in the aggregate demand curve.
In the neoclassical model, the LRAS is depicted as a vertical line, indicating that, in the long run, the economy's productive capacity is fixed and determined by factors such as technology and resources. When AD increases rapidly and shifts to the right, it intersects the LRAS at a higher price level, leading to inflation, but it does not affect the real GDP or the natural rate of unemployment in the long run.
On the contrary, increases in the LRAS would mean the economy is capable of producing more goods and services without causing inflation, reflecting economic growth rather than inflation. An inflationary gap, on the other hand, is created when AD increases while the economy is already at its potential output, leading to higher prices without a change in real GDP.
Describe a discretionary fiscal stimulus package that could be used that would not bring an increase in the budget deficit. A discretionary fiscal stimulation package that would avoid a budget deficit is a simultaneous and equal ______. A. increase in government expenditure and an increase in taxes B. increase in transfer payments and a decrease in taxes C. decrease in transfer payments and increase in the quantity of money D. decrease in government expenditure and taxes
A discretionary fiscal stimulation package that would avoid a budget deficit is a simultaneous and equal increase in government expenditure and increase in taxes.
Option A
Explanation:
A discretionary fiscal stimulus bundle is a bundle of monetary estimates set up together by a legislature to animate a flopping economy. The goal of an improvement bundle is to revive the economy and anticipate or turn around a downturn by boosting work and spending.
The hypothesis behind the value of a boost bundle is established in Keynesian financial matters, which contends that the effect of a downturn can be decreased with expanded government spending.
Upgrade bundle is various motivations and assessment refunds offered by an administration to support spending in an offer to haul a nation out of a downturn or to anticipate a monetary lull. An improvement bundle can either be as a financial upgrade or a monetary boost.
A money related boost includes slicing loan fees to animate the economy. At the point when financing costs are cut, there is progressively impetus for individuals to acquire as the expense of getting is diminished.
A British firm may need dollars to pay for U.S. imports. It can work with banks in London to exchange pounds for dollars to make this payment via electronic transfer. This is an example of a(n) _____ market.
Answer:
The correct answer is Spot market.
Explanation:
The spot market or spot market is one in which both the transaction and the settlement of an operation coincide on the same date. Although it is considered cash market when delivery occurs up to a maximum of 2 days later.
In spot markets, transactions are usually settled within a day or two after the date of purchase / sale. This is what is understood as a settlement in D + 1 or D + 2. The transactions are also closed at the current price on the asset in question that exists at the time of the transaction. This is one of the main differences between the cash market and the futures market.
_______________, which can be approximated by the growth of gross domestic product, ultimately determines the prevailing standard of living in a country. Trade balance Inflation Education Economic growth
Answer: Economic growth
Explanation:
The economic growth is basically refers to the increase in the economical capacity for producing the various types of product and the services as compared to the specific period of the time.
The economic growth can be measured in real and the nominal terms. There are four main factors of the economic growth are as follows:
Labor Land Entrepreneurship CapitalThe Economical growth rate is basically determined by the ratio of the GDP to the per capital income or the population. When the economical growth get increased then, the labor, material and the physical capital are automatically get increased.
Based on counting the number of galaxies in a small patch of the sky and multiplying by the number of such patches needed to cover the entire sky, the total number of galaxies in the observable universe is estimated to be approximately:
a. 100 million
b. 1 billion
c. 10 billion
d. 100 billion
e. 1 trillion
Answer:
D) 100 billion
Explanation:
This method is used by astronomers all over the world because it is impossible to count all the stars. Even in parts of the sky that seem to be totally dark, there are dozens of galaxies, each with millions of stars.
Our universe is so incredibly huge that even a number as big as 100 billion stars seems to be small. But using that technique, astronomers have calculated that there are 100 billion stars in the universe. I believe that number will change in the future as soon as we are able to build better telescopes, and astronomers will be capable of counting more stars in each patch.
Michael, Sarah, and Mindy are partners in a limited partnership that buys commercial real estate. Michael and Sarah are limited partners, and Mindy is a general partner. Business is booming, so Mindy asks Sarah for help. Sarah offers to buy land from LandInvest Co. , expressly stating that she is acting as a representative of the limited partnership. Sarah drafts the contracts, participates in the negotiation, and completes the sale on her own. Sarah also takes on bookkeeping and related tasks to free up Mindy to locate new sellers. If a dispute arises with LandInvest Co. related to the contract, and LandInvest Co. sues the limited partnership, it is possible that:__________
Answer:
The correct answer is a. Sarah will be held personally liable even though she is a limited partner, and Mindy will also be held liable as a general partner.
Explanation:
For its part, it should be noted that each of the partners of a limited company has a series of rights.3 Among them are the following:
Right to participate in the distribution of benefits and in the assets of the company in case of liquidation. Right of first refusal in the acquisition of participations of outgoing partners. Right to participate in social decisions and to be elected as administrators. Right to information in the periods established in the deeds. Right to obtain information on the accounting data of the Company.Donna has just moved to the city from a small town and gets a job as an assistant in a law firm. Not being very familiar with the way things work in the corporate world, she watches her colleagues closely and tries to learn from their mistakes and achievements. This can be described as ________.a) reflexive learning
b) social learning
c) positive reinforcement
d) motor reproduction
Answer:
b) social learning
Explanation:
Social learning is learning through observing and imitating other people.
Donna is trying to learn corporate behaviour by watching her colleagues. This is social learning.
Postive reinforcement is when a positive reward is given for acceptable behaviour.
Motor reproduction is imitating the behaviour of people been observed.
Reflexive learning is learning through reflection on ones learning process.
I hope my answer helps you.
Production of Sliver's latest small car, the Beetle, has been a dramatic improvement compared to its previous product, Quiver. The production target of 2,000 Beetle cars per day has been reached only within 10 weeks since the launch date, which is less than the time they needed for Quiver. Which of the following, if true, would suggest that Sliver adopted a JIT strategy for the Beetle?a. Sliver acquired one of its major distributors before the production of the Beetleb. Sliver has recently made a substantial investment in acquiring warehouses close to its production facilities. c. Sliver acquired a fleet of airplanes to ensure that all the components it sourced from across the world were unaffected by supply bottlenecks in other countries.d. All of Sliver's production factories have their own purchase departments that help the company achieve benefits of scale discounting
Answer:
C) Sliver acquired a fleet of airplanes to ensure that all the components it sourced from across the world were unaffected by supply bottlenecks in other countries.
Explanation:
Just in time (JIT) inventory system is an inventory management method which tries to reduce inventory levels and increase efficiency. The whole purpose of JIT is to decrease costs (less inventory = lower costs) by receiving inputs and materials only when needed. It was first implemented by Toyota during the 1970s, that's why it's also called Toyota Production System.
Which of the following would be counted in U.S. GDP?
a. The salary of an American professor teaching in England
b. The value of a used U.S.-produced car purchased in the U.S.
c. The value of a new U.S.-produced car purchased by a French citizen
d. The value of a new French-produced car purchased by a U.S. citizen within in the U.S.
e. The value of a General Electric corporate bond bought by a Japanese citizen
Answer:
c. The value of a new U.S.-produced car purchased by a French citizen
Explanation:
GDP stands for Gross domestic product. It is a measure of the aggregate value of all the finished goods and services produced within the boundaries of a country in a given period. GDP considers products made by both the locals and foreigners.
A new car produced in the US will be included in the GDP for the US the year in which it was manufactured. GDP focuses on the value of goods produced but not where they were consumed. The value of goods and services produced by Americans in foreign countries does not constitute GDP for the US. Products manufactured outside the US, but are being consumed within the US are not part of the US's GDP.
Final answer:
In the scenarios given, only the value of a new U.S.-produced car purchased by a French citizen (c) is included in U.S. GDP because it is an export of goods produced within the country's borders. Salaries earned abroad, resales of used goods, imports of goods, and financial transactions are not included in GDP calculations.
Explanation:
To understand which transactions are counted in the U.S. GDP, we must recognize that GDP (Gross Domestic Product) includes the value of all goods and services produced within a country's borders during a specific timeframe, irrespective of who owns the production assets. From the scenarios provided:
(a) The salary of an American professor teaching in England would not be included in U.S. GDP, as the service is performed outside the U.S. borders.(b) The value of a used U.S.-produced car purchased in the U.S. is also not included in GDP because it's a transaction in used goods, which represents the resale of items previously counted in GDP when they were new.(c) The value of a new U.S.-produced car purchased by a French citizen would be included in U.S. GDP since it counts as an export of goods produced within U.S. borders.(d) The value of a new French-produced car purchased by a U.S. citizen within the U.S. would not be included, as it is an import, and GDP only accounts for domestic production.(e) The value of a General Electric corporate bond bought by a Japanese citizen would not be counted in U.S. GDP as financial transactions like the purchase of stocks, bonds, and other financial instruments are not considered production of goods and services.Therefore, only scenario (c) would be counted in the U.S. GDP.
Ethical issues that may arise in projects large and small include___________.
A. pressure to mask delays with false status reports.
B. exaggerated expense reports.
C. gifts from contractors.
D. compromised quality standards to meet bonuses or avoid penalties related to schedules.
E. All of the above.
Answer:
The correct answer is E that is all of the points
Explanation:
Ethical issues is the situation or the problem which requires a person to choose among an alternatives that must be determined as ethical or unethical.
It may arise in the projects whether large and small, involves the pressure for make delays with the reports with the false status, gifts from the contractors, quality standards being compromised and the exaggerated expense reports.
The ________ approach states that the exchange rate is determined by the supply and demand for national currency stocks, as well as the expected future levels and rates of growth of monetary stock.A) balance of payments B) monetary C) asset market D) law of one price
Answer: Option (B)
Explanation:
The monetary approach tends to undertake that the exchange rates are fixed, under this the economy of an nation is in the mode of long run where it has achieved the full-employment equilibrium, the demand for the money is known as the function of income which is stable. The changes taking place in supply side of money does not affect the real variables, that is in long run an nation's price level and the interest rate converge to that of the world level.
Beginning in 2008, the Federal Reserve and the US Treasury Department responded to the financial crisis by intervening in the financial markets in unprecedented ways. Briefly summarize the action of the Fed and the Treasury.
Answer:
The Fed mainly used two monetary policy tools to respond to the crisis: the discount rate, and open-market operations.
The Fed lowered the discount rate so that banks could borrow from the Fed at a lower price. This helped inject liquidity in the financial system, and revitalize the economy,
Secondly, the Fed implemented a policy known as quantitative easing, which is a type of open-market operation, but with much greater scope. Quantitative easing is a policy whereby the Fed buys goverment bonds for a longer period of time instead of the short-term government bonds it usually buys. These longer-term bonds have lower interest rates, and help increase the money supply. The Fed resorted to quantitative easing because inflation was very low, unemployment was very high, the economy was in recession, and traditional expansionary monetary policy would have probably not been enough.
Years later, the European Central Bank followed these steps when the soverign debt crisis several european countries.
Explanation:
Duties in the expenditure cycle should be properly segregated to promote internal control. This means that the authorization function is performed by ________, the recording function is performed by ________, and cash handling is performed by the ________.
A) accounts payable; purchasing; cashier.
B) purchasing; accounts payable; cashier.
C) purchasing; cashier; accounts payable.
D) purchasing; accounts payable; treasurer.
What is the bestcontrol to mitigate the threat of paying prices that are too high for goods ordered?
Answer:
B) purchasing; accounts payable; cashier.
Explanation:
The purchasing department's role is to purchase all the necessary inputs needed for production or daily operation.
The accounts payable department's role is to control expenses, process, verify and reconcile invoices.
The cashier department's role is to receive and distribute money and funds.
The logic behind separating roles and responsibilities is that no single department can decide on what to spend, who the vendor will be and how much they should pay.
Which of the following is correct?
a. Efficiency deals with the size of the economic pie, and equality deals with how fairly the pie is sliced.
b. Equality can be judged on positive grounds whereas efficiency requires normative judgments.
c. Efficiency is more difficult to evaluate than equality.
d. Equality and efficiency are both maximized in a society when total surplus is maximized.
Answer: (A)
Efficiency deals with the size of the economic pie, and equality deals with how fairly the pie is sliced.
Explanation:
According to Gregory Mankiw, resources are scarce and therefore every society must use its scarce resources to derive as much benefits as it can. It is this derived benefits he calls the "economic pie"
The more efficient a society is, the more the benefits (or the larger the economic pie) it can derive from its resources.
According to Mankiw, equality means fairness in distributing the benefits (or slicing the pie) among the people in that society.
Antitrust laws may
A. enhance the ability of firms to capture profits from a concentration of market power.
B. enhance the ability of firms to reduce economic losses.
C. restrict the ability of firms to operate at the socially efficient level of production.
D. restrict the ability of firms to merge.
Answer:
The correct answer is option D.
Explanation:
Antitrust laws can be defined as the laws that are designed to regulate the distribution of economic power in the market. The focus of these laws is to ensure that healthy competition prevails in the economy.
It restricts corporate mergers, predatory acts, aand concentration of monopoly power. It is applicable to all sectors in the economy, all industries, and services including manufacturing, transportation, marketing, etc.
The following financial resources were among those received by Seco City during year 1:_____
For acquisition of major capital facilities $6,000,000
To create a permanent trust for governmental purposes 2,000,000
With respect to the foregoing resources, what amount should be recorded in special revenue funds?
A) $0
B) $2,000,000
C) $6,000,000
D) $8,000,000
Answer:
A) $0
Explanation:
Seco City will record $0 as special revenue funds during year 1 with respect to the foregoing resources.
The $6,000,000 for acquisition of major capital facilities would be recorded as capital projects fund.
$2,000,000 to create a non-expendable trust would be recorded as private purpose trust fund.
How does the economy of Cuba differ from the economy of North Korea?
A) In North Korea, the government’s control of the economy has begun to loosen.
B) In Cuba, the government maintains a tight hold over the economy.
C) In Cuba, the government’s control of the economy has begun to loosen.
D) In North Korea, the government maintains a tight hold over the economy.
E) In North Korea, there is economic uncertainty in exchange for individual choice.
F) In Cuba, there is economic security in exchange for government control.
G) In Cuba, there is economic uncertainty in exchange for individual choice.
F) In North Korea, there is economic security in exchange for government control.
Answer:
The correct answer is C) In Cuba, the government's control of the economy has begun to loosen.
Explanation:
Cuba has implemented reforms that allows a few private entreprises to run in the country. It also allows people to hold foreign currency, which come especially from remittances from Florida. In North Korea, on the other hand, citizens cannot hold foreign currency, and those few who earn it, have to report it to the government, and in North Korea, private property is non-existant.
As the supply of compact disc players has increased over the years and the price of compact disc players has dropped, the _____.
a. demand for compact disc players has increased.
b. demand for compact disc players has decreased.
c. quantity demanded of compact disc players has increased.
d. quantity demanded of compact disc players has decreased.
Answer:
The correct answer is option c.
Explanation:
An increase in the supply of compact disc players would cause the supply curve to shift to the right. This rightward shift in the supply curve would cause the price of compact discs to decline.
At lower prices, the consumers are consuming more of compact disc players. The quantity demanded of players has increased.
This is also evident through the given figure.
Final answer:
The correct answer is c. the quantity demanded of compact disc players has increased, reflecting the effect of increased supply and reduced prices on the number of units purchased, rather than an overall change in consumer demand.
Explanation:
Given the increase in the supply of compact disc players and the resulting drop in price, the correct answer is c. the quantity demanded of compact disc players has increased. This is because when the supply of a product increases and its price goes down, more of the products are purchased at the lower price, reflecting an increase in quantity demanded, not necessarily an increase in demand itself. Demand refers to the willingness and ability of consumers to purchase a quantity of a good at a variety of prices. Quantity demanded specifically refers to the number of units demanded at a particular price.
Using the model of demand and supply, the fall in the price of a common household item like digital cameras due to increased supply leads to an increase in the quantity demanded. For example, the increased use of digital cameras for various purposes, alongside rising incomes, can also shift the demand curve to the right, potentially increasing the quantity demanded further. Nevertheless, when we observe a fall in equilibrium price and an increase in equilibrium quantity, it is clear that the increase in supply has been more significant than any increase in demand.
You have some news to share with your manager. You’ve decided to take a new job, and you’re giving your two weeks’ notice. It’s bad news for him but good news for you. What is the best way to communicate this information to your manager?
Final answer:
Leaving a job for a new opportunity should be handled with professionalism, giving proper notice, tying up loose ends, and being appreciative of the experience. Make sure to communicate your departure respectfully to maintain a good relationship with your former employer.
Explanation:
When you decide to leave your job for a new opportunity, it's essential to manage the transition with professionalism and respect. Providing proper notice, such as a two weeks' notice, is a key step. Before breaking the news to your manager, check your contract for any specific requirements regarding the notice period.
Tying up loose ends is also a way to show consideration for your current employer and colleagues. This means completing outstanding projects or tasks to the best of your ability before you leave and making sure any transition of your responsibilities is as smooth as possible for the next person. Making a list of your accomplishments and challenges can help in a final meeting with your manager, demonstrating the value you've added to the team and company.
It's beneficial to approach any conversation about your departure with a sense of gratitude. Remember to be appreciative of the opportunities you have had, and leave your contact information for any follow-up questions or assistance that may be needed after your departure. This can help maintain a positive relationship even after you leave the job.
Finally, always be open to feedback during your last days at the job. Your manager may offer insights on your performance that can help you in your future role. Demonstrating a positive attitude toward feedback can leave a lasting positive impression.