Answer:
all of the above are likely to occur
Explanation:
Import restrictions would limit the amount of goods imported into the US
as a result of the restriction, the amount of goods sold to the US by its trade partners would fall, as a result, the income of US trade partners would reduce.
Also, the quantity of goods available in the US would fall and consumption would fall.
Import restrictions might lead to US producing goods and services for ehuch it has no comparative advantage in its production. This would lead to ineeficent allocation of resources.
Abner tells a representative of Brass & Woodwind Musical Instruments, Inc., that he will pay for Claudia’s trumpet if she does not. Abner does not secure any personal benefit for this promise. This promise is enforceable as a contract:___________.
a. under any circumstances.
b. only if it is in writing.
c. only if the value of the trumpet is more than $500.
d. only if Claudia agrees to it.
Answer:
The correct option is B,only if it is in writing.
Explanation:
Such promise is not enforceable since one of key elements of enforceable agreement(contract) is missing.
The missing element is that Abner is not getting anything of value in return for the promise to pay for Claudia's trumpet.
The only way to get Abner to fulfill the promise in law parlance is get the promise documented as well as signed by Abner,that can be used as an evidence against Abner in future in order to ensure the promise is fulfilled.
Answer:
Option B
If only it is in writing
Explanation:
At this point in time, Abner is opting to act as a surety for Claudia. and surety contracts are legally binding, once they are signed.
Claudia already owes Brass & Woodwind Musical Instruments, Inc and there is a contract already existing between the two parties. for Abner to decide to pay Claudia's fee, it means that Abner wants to act as surety for Claudia.
However, surety contracts need to be written down and signed for them to be effective. This makes option B the correct answer
There are hundreds of colleges and universities that serve millions of college students each year. The colleges vary by location, size, and educational quality, which allows students with diverse preferences to find schools that match their needs.
Number of firms?
a. one
b. few
c. many
Type of product?
a. Unique
b. Anything
c. Identical
d. Differential
Market Model?
a. Oligopoly
b. Perfect competition
c. Monopolistic Competition
d. Monopoly
Answer:
- many firms
- differential
- monopolistic competition
Explanation:
1. The availability of MANY FIRMS in different locations, sizes and educational quality will help students.
2. Product differentiation is when you develop a product so that customers believe that they are different from similar, competing products. Product differentiation is done through product quality, product design and features, and product support services.
3. Monopolistic competition characterizes an industry in which many firms offer products or services that are similar, but not perfect substitutes. Barriers to entry and exit in a monopolistic competitive industry are low, and the decisions of anyone firm do not directly affect those of its competitors. This kind of market allows students with diverse preferences to find schools that match their needs.
Final answer:
The market structure for colleges and universities features many firms, offers differentiated products, and operates under monopolistic competition.
Explanation:
When considering the market structure of colleges and universities, the number of firms would be categorized as many, indicating a high number of institutions serving college students each year. These firms offer a differentiated type of product since each college or university provides a unique blend of location, size, quality, and educational experience, catering to a diverse range of student preferences. The market model that best describes this scenario is monopolistic competition, where there are many sellers providing similar but not identical products, and each firm has some control over its price and product offerings.
Cooper Construction Company had a contract starting April 2021, to construct a $24,000,000 building that is expected to be completed in September 2023, at an estimated cost of $22,000,000. At the end of 2021, the costs to date were $10,120,000 and the estimated total costs to complete had not changed. The progress billings during 2021 were $4,800,000 and the cash collected during 2021 was 3,200,000. Cooper uses the percentage-of-completion method.
For the year ended December 31, 2021, Cooper would recognize gross profit on the building of:___________
a) $843,333
b) $920,000
c) $1,080,000
d) $0
Answer:
b) $920,000
Explanation:
Under Completed contract method,the revenue is recognized only when the contract is 100% complete.
As the contract is not completed in 2021 , the profit is recognized only in the year of completion
If in case question is asked about % of completion answer should be as fallows:
Total gross profit on the contract = total contract value – total estimated cost
= 24,000,000 -22,000,000
= 2,000,000
Total cost in 2021 = 10,120,000
Total % of completion in 2021 = total cost in 2021/ total cost of contract
= 10,120,000/22,000,000
= 46%
Gross profit in 2021 = total gross profit on contract x Total % of completion in 2015
= 2,000,000 x 46%
= $920,000
Which of the following is NOT one of the main tasks of strategy-making in a diversified company? 1. establish investment priorities so that resources are steered into most attractive businesses 2. initiate actions to boost combined performance of
The question seems incomplete but here is the complete question.
Which of the following is not one of the main tasks of strategy-making in a diversified company?
1) Establish investment freedom priorities so that resources re steered into most attractive businesses.
2) initiate actions to boost combined performance of the corporation's collection of businesses
3) Picking the new industries to enter and deciding on the
means of entry.
4) pursuing opportunities to leverage cross-business value
chain relationships and strategic fit into competitive
advantage.
5) Divesting well-performing businesses.
Answer:
5) Divesting well-performing businesses.
Explanation:
A firm or company's strategy-making can be greatly influenced y several factors which do not include the castigation of a fellow company or firm. Strategies involve several methods, factors or ways which a firm, company or business can adopt that may improve it's outputs or other goals which are of great relevance. The other factors mentioned above are great strategies which firm can develop n other to achieve its goals and objectives.
The main task of strategy making for diversify the company should be considered as the Divesting well-performing businesses.
Impact of firm strategy:Since the firm or the strategy of the company should be impacted by the various factors that does not involved the castigation of a fellow company or the firm. Here the business could be adopted for improving the outputs or the other goals that contain the high relevance.
Also, the investment made, initiate actions, etc should be considered as the main task.
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Assume a monopolist with downward-sloping demand and marginal revenue (MR) curves. The monopolist operates with standard marginal cost (MC) and average total cost (ATC) curves. How does a monopolist determine the profit-maximizing output level and the corresponding profit-maximizing price?
Answer:
The monopolist's profit maximizing level of output and corresponding profit-maximizing price is found by equating its marginal revenue with its marginal cost, which is the same profit maximizing condition that a perfectly competitive firm utilizes in determining its equilibrium level of output. Therefore, as the price falls, the market's demand for output increases.
Angela, a salesperson at QuantaSource, informs her coworkers that one of their accounts requires a high level of selling effort since it is possible to strengthen their competitive position. However, Juan, another salesperson, argues that the account requires a moderate level of selling effort that is sufficient to maintain their current competitive position.
On the basis of portfolio analysis, what should strengthen Angela's argument?
Answer:
The account opportunity is high, but competitive position is weak.
Explanation:
In management, portfolio analysis refers to evaluating the products or services sold or offered by the company and their environment. This way we can identify which strategies would help to increase the company's market share and increase projected sales.
In this case, if the account is important and the opportunity to increase or consolidate the account is high, the company must actively engage in actions that can help them secure the account.
Organizing is the second basic managerial function; it follows planning and decision making. involves shaping the organization over time and is never truly finished. involves grouping activities and resources. can help the organization be flexible.
Answer:
e. All of these choices
Explanation:
As we know that
The functions of management comprises of five functions i.e planning, organizing, staffing, directing and controlling
The planning is the way to plan the things so that the company could attain its goals and objectives within the prescribed time
The organizing is the second managerial function which helps to organizing the things of the company. It involves the way of doing the task and utilizing the resources efficiently and effectively so that the task could be completed at low cost and time
In addition, there should be a flexibility in a organization so that if an opportunity can comes then it would grab easily, it also consist of planning & decision making
Source documents: Multiple Choice Are input devices. Provide the information processed by an accounting system. Cannot be electronic files or web communications. Store processed information for future use. Convert information to the system's processing component.
Answer:
Provide the information processed by an accounting system
Explanation:
A source document is a document that collects the data for a trial or first-hand record and is later entered to the cash reports form It consists of the original documents and data and records and contains all the information and records certified copies of the original forms. These may include the findings and the observations and the other activities etc. Some examples include the Lab reports, subject files and hospital records and copies of transaction certificates.Assume the economy is self-regulating and currently is in long-run equilibrium with the price level equal to P5. If something happens that shifts the AD curve to the AD1position, the economy will eventually settle down at a long-run equilibrium point of __________.a. P5, Q3.b. P4, Q4.c. P3, Q3.d. P3, Q5.e. P4, Q2.
Answer:
c) P3, Q3.
Explanation:
The new long run equilibrium point will be where the aggregate demand curve 1 (AD1) intersects long run aggregate supply curve (LRAS) at P3, Q3.
Since the LRAS curve is horizontal at Q3, all the equilibrium points must be located at Q3, so all you have to check is at what price the AD curve intersects Q3.
A firm has issued cumulative preferred stock with a $100 par value and a 12 percent annual dividend. For the past two years, the board of directors has decided not to pay a dividend. At the end of the current year, how much must the preferred stockholders be paid prior to paying the common stockholders
Answer:
Cumulative Preferred Dividend = $36
Explanation:
Given:
Stock value = $100
Dividend payment rate = 12%
Type of share = Cumulative preferred stock
Computation of per year dividend:
Per year dividend = Stock value × Dividend payment rate
Per year dividend = $100 × 12%
Per year dividend = $12
Computation of unpaid dividend:
Total unpaid dividend for 2 years = Per year dividend × 2 year
Total unpaid dividend for 2 years = $12 × 2
Total unpaid dividend for 2 years = $24
Cumulative Preferred Dividend = Current Year Dividend + Total unpaid dividend for 2 years
Cumulative Preferred Dividend = $12 + $24
Cumulative Preferred Dividend = $36
Blending the firm's promotion efforts to convey a complete and consistent message is the goal of: A. sales management communications. B. sales promotion communications. C. integrated promotional marketing. D. integrated marketing communications. E. integrated sales promotion.
Answer: D. integrated marketing communication.
Explanation: In integrated marketing communication, it blends the company promotion effort to convey messages that are complete and consistent is a goal to achieve.
Integrated marketing communication is a concept that make sure all forms of messages and communication are linked together. It involves Integrating all promotion tool so it all can work together.
Answer:
D
Explanation:
Integrated marketing promotion is a system where an organization systematically coordinate and link together the different channels of its communication to work in harmony and deliver a complete and consistent message.
The collective result of the different communication channels is always higher compared to each of the channels functioning on its own.
It has its benefit in increased profit , customers' loyalty , effective communication , long term relationship with customers , etc.
Celeste's accountant fails to prepare her tax returns accurately, and Celeste is charged penalties and interest by the Internal Revenue Service (IRS) and her state because of the error. In order to prevail in a lawsuit for negligence against her accountant Celeste must prove all of the following, except that:_______
a. her injury was proximately caused by the accountant's breach of the duty of care.
b. a duty of care existed.
c. she suffered financial harm.
d. the accountant was a member of a professional organization
Answer:
Option D. The accountant was a member of a professional organization.
Explanation:
The reason is that for a successful claim under the negligence act, the claimant have to prove following three things:
Duty of care existed between the relationShe has suffered economic harm &The harm was proximately caused by the accountant's breach of the duty of care.So the accountant's membership is not a valid requirement under the negligence act for a successful claim.
Dahlia is trying to make partner at one of the city's most prestigious law firms. It is generally understood that associates remain hard at work in the office until at least 7 or 8 o'clock each evening. This is an element of the firm's group:
Answer: Norms
Explanation:
According to the given scenario, Dahlia is trying to make a connection or we can say that partner at one of the famous law firms and in every organization or firms it is understood that the employees are working in the office at least 7 or 8 o' clock each evening so this is one of the firm's social norm.
The firm's norms is the term which is used to describe about the basic rules, laws, culture and regulation of the company which is follow by each member or employee in the firm.
The main objective of the organizational norms is to maintain the discipline and the equality among each employee in the firm. Therefore, Norms is the correct answer.
The crowding-out effect is Multiple Choice strongest when the economy is at full employment. weakest when there is demand-pull inflation. strongest when the economy is in a deep recession. equally strong, regardless of the state of the macroeconomy.
Answer:
The crowding-out effect is strongest when the economy is at full employment.
Explanation:
The crowding out effect refers to an economic theory which argues that a rising public sector spending drives down or even eliminates private sector spending.
The three main reasons for the occurrence of crowding out effect are:
economics, social welfare, and infrastructure.Crowding out is most effective when an economy is already at potential output or full employment. Then the government's expansionary fiscal policy will encourage price increases, which will lead to an increased demand for money.
A primary purpose of the ICH is to: Require FDA registration of worldwide clinical trials. Minimize the need for redundant research. Require publication of negative trial results. Develop mandatory worldwide regulations for drug development.
Answer:
Minimize the need for redundant research.
Explanation:
ICH stands for "International Conference on Harmonisation of Technical Requirements for Registration of Pharmaceuticals for human Use"
The ICH is an initiative that was established in other to unite pharmaceutical industries and regulatory authorities to talk about the science and technicality of development and registration of pharmaceutical products.
The main aim of ICH is to harmonize processes and requirements for the registration of pharmaceutical products for the purpose promoting public health.
This harmonisation of protocols and designs help to minimize the need for redundant research and produce safe and high quality pharmaceuticals while following regulatory obligations.
A primary purpose of the International Council for Harmonisation ICH is to Minimize the need for redundant research. The correct option is A.
The International Council for Harmonisation of Technical Requirements for Pharmaceuticals for Human Use (ICH) is an organization that brings together regulatory agencies and the pharmaceutical industry from all over the world to develop and promote unified policies and standards for the creation, submission, and post-approval of pharmaceutical products.
Minimizing the necessity for redundant research is one of the ICH's main goals. To do this, uniform standards and norms for drug development, clinical trials, and regulatory criteria are established.
Thus, the ideal selection is option A.
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City Slick, Inc., makes cosmetics. City Slick intentionally mislabels its packaged products to conceal a defect. Trusting and relying on the mislabeling, Dora buys a City Slick product and suffers an injury. City Slick is most likely liable for:___________.
A. product misuse.
B. fraud.
C. privity.
D. puffery.
Answer:
b. Fraud
Explanation:
The fraud is the wrongful act done by a person to gain a personal or financial profit. It is to be done intentionally.
Since in the given situation, the city intentionally mislabels its packaged products to hide a defect and after buying the product the dora suffers an injury
So in this case the city slick is liable for fraud as the company do this thing intentionally to generate a high profit
Publix has 2,700 pounds of bananas with a total cost of $864. Because the bananas have become too ripe, Publix is contemplating whether it should use the bananas to bake banana bread or sell the bananas ‘as is’ to the homeless center for $1,485. In addition to the cost of the bananas, it would cost $2,565 to convert the bananas into bread, which could then be sold for a total of $4,480. However, a special oven to bake the bread will have to be rented for an additional $300. What is the incremental effect on income if Publix converts the bananas to banana bread?
Answer: an increment in profit $1615
Explanation:
2700 pounds of Banana
Total cost = $864
If sold = $1485
When converted into bread $2565 and sold at the cost of $4480
Oven rentage = $300
What is the incremental effect on income if Publix converts the bananas to banana bread?
Sales Amount - Expenses incurred
= $4480 - $2565 + $300
= $4480 - $2865
= $1615
If he had sold the bananas
Sales amount - cost amount
= $1485 - $864
= $621
By converting the bananas to bread the incremental effect on income is it would yield more profits at $1615 compared to when sold at which is $621
The incremental effect on income for Publix converting the bananas to banana bread, after accounting for all the costs, would be an increase in income of $130 when compared to selling the bananas 'as is'.
Incremental Effect on Income for Converting Bananas to Bread
To determine the incremental effect on income of converting bananas to banana bread, we first calculate the net income from selling the converted banana bread and compare it to the net income from selling the bananas 'as is'. The net income from selling the bread would be the sales revenue from the bread minus all associated costs, including the initial cost of the bananas, the cost to convert them into bread, and the oven rental. Conversely, the net income from selling the bananas 'as is' is simply the sales revenue from the bananas.
Net income from selling bananas 'as is': $1,485 - $864 = $621Net income from selling banana bread: $4,480 - ($864 + $2,565 + $300) = $751The incremental effect on income from converting the bananas to bread is calculated by subtracting the net income from selling the bananas 'as is' from the net income from selling the bread.
Incremental Income = $751 - $621 = $130
Therefore, converting the bananas into banana bread would increase Publix's income by $130.
An agency relationship between a broker and a seller A. requires a written agency agreement. B. requires a verbal agency agreement. C. requires a deposit good faith money. D. must be approved by the Colorado Real Estate Committee.
Answer:
A. requires a written agency agreement.
Explanation:
A seller agency is a relationship between the agent and the seller of broker and consists of a written contract a type of agreement that is made for a particular home and commission, rights, obligations, and duties etc. The agreement is most commonly called as the exclusive sale under which the agent and the broker earns a commission, this agreement owns the toe of their duties, honesty, loyalty, and dedication in exchange for the property and services.You are working on a project that is being implemented in a country different from your country of origin. You also have team members in several locations around the globe. You should consider all of the following specifically in regard to managing teams in this situation except for which one?
A. Time zones
B. Project presentation methods
C. Cultural differences
D. Communication styles
Answer:
Project presentation methods
Explanation:
When team are working at geographically diverse location, it brings in lot of diversity in terms of culture, attitude and behaviors and communication style.
Moreover, time zone becomes an important factor. Due to location difference there is difference of time zone as well. For example, difference in Asian and American time is almost 12 hours and hence the working hours differs. Thus, team member needs to be aligned with respect t time so that there is smooth information flow and team can coordinate productively.
Similar, owing to diverse location there is cultural difference which effects behavior and attitude of people. Hence the culture should be fully understood so that harmony and unity is established within team. Communication style also varies in different geographies and hence needs to be to understood which communication better suit. Some people may like virtual meeting while some may prefer communication through mail. Even style of speaking varies and need stop be taken care.
Project presentation is something which does not matter much in terms of managing team across globe. It is one of the modes of information sharing among the team. It should be made such that it eases the understanding of people and people are able to understand whatever is being presented.
Hence project presentation method does not impact managing team and is the answer to the question.
Suppose you own a proftable tailoring company that hires two workers. The combined production of the two workers is ten shirts per day. You decide to double the amount of capital and labor and see that the total number of shirts produced each day has increased to 22. This implies that your company is exhibiting:___________.
1. Decreasing returns to scale
2. Diminishing marginal product
3. Constant returns to scale
4, Economies of scale
Answer:
4. Economies of scale
Explanation:
In microeconomics, economies of scale are the cost advantages derived by an increased level of production.
When you decide to double the amount of capital and labor resulting in an increase in total number of shirts produced each day, this implies that your company is exhibiting Economies of scale.
Final answer:
The tailoring company doubling its capital and labor and receiving an output increase from 10 to 22 shirts per day is an example of economies of scale and illustrates increasing returns to scale. The correct option is 4.
Explanation:
When the tailoring company doubled both the amount of capital and the number of workers, the production of shirts increased from 10 shirts per day to 22 shirts per day. This change in output is indicative of economies of scale. If we consider the concept of returns to scale, we can determine that the company is experiencing increasing returns to scale, because doubling the inputs (both capital and labor) has resulted in more than a doubling of output. This is illustrated by the fact that an increase in resource usage by a certain percentage has led to an increase in output by a greater percentage, which characterizes increasing returns to scale.
In contrast, constant returns to scale would imply that the output would have exactly doubled to 20 shirts, since the inputs were doubled. Since the increase of output (from 10 to 22 shirts) is greater than the proportional increase in inputs, we can firmly conclude that the firm is not operating under constant returns to scale or diminishing returns to scale, but rather, it is benefiting from economies of scale with increased productivity.
An electronic products producer synthesizes its abilities in miniaturization, microprocessor design, material science, and ultrathin precision castings to produce digital watches. It uses the same skills to produce card calculators, digital cameras, and other small electronics. These collective skills are known as _________________.a. shared activities.b. strategic resources.c. core competencies.d. economies of scope.
Answer:
Core competencies
Explanation:
Competencies can be defined as a combination of various skills which are essential to increase productivity.
Core competencies can be described as the different skills and practices which all employees in an organization are expected to possess irrespective of the various department's they belong to.
Some examples of core competencies include:
- Creativity
- Team work
- Technological awareness
- Leadership
- Good sense of organization.
- Accountability
The collective skills that the electronic products producer uses to produce digital watches, card calculators, and digital cameras are known as core competencies.
Explanation:The collective skills that the electronic products producer uses to produce digital watches, card calculators, and digital cameras are known as core competencies. Core competencies refer to the unique strengths and capabilities that a business has, which allow it to outperform its competitors and deliver value to customers. In this case, the company's abilities in miniaturization, microprocessor design, material science, and ultrathin precision castings are its core competencies.
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Dai owns an automobile mechanic shop. He started using digital media to have real-time exchanges and almost instant communication with his defined consumer groups. All of the following are benefits of using real-time exchanges EXCEPT they
Answer:
Real-time exchanges eliminate the need to have face-to-face interaction with customers.
Explanation:
Real-time exchanges is a form of communication in which a firm or businesses used to communicate over internet with their clients and business partners in other to have fast and secured information sharing. It is a form digital marketing and is very crucial to survival of almost all businesses in this modern world. It thus, have its own disadvantage since there is need for face to face interaction in some aspect of the business to have effective communication and interaction with one clients or customers. It is on this note that the real-time exchanges is not suitable some time.
Answer: During online interactions, both the consumer and seller need to see each other to know that neither are attempting to scam the other. Also, shared information can be leaked out.
An employee is given a formal written warning for an offense he has committed. Despite this, he proceeds to commit another offense. Which of the following is the most likely organizational response if the organization has adopted a progressive discipline program? Termination Last change notification Threat of temporary suspension Temporary suspension An informal verbal warning
Answer:
temporary suspension and maybe an Improvement Plan.
Explanation:
Based on the scenario, if the company has adopted a progressive discipline program then the according response would be a temporary suspension and maybe an Improvement Plan. This is because a progressive discipline program follows the following steps accordingly.
1) Verbal Counseling. The first step in a progressive discipline process is to merely have a conversation with the employee. ...
2) Written Warning. The second step should be another conversation that is documented in a written format. ...
3) Employee Suspension and Improvement Plan. ...
4) Termination.
Seeing since step 2 has already been done the next course of action would be step 3.
Answer:
The answer is Threat of temporary suspension.
Explanation:
Progressive discipline refers to the process of using increasingly severe measures in dealing with an employee that has failed to correct a problem after he/she has been given an opportunity to do so.
The underlying principle of a sound progressive discipline program is to use the action which is least severe and which is believed to be adequate in correcting the undesirable situation.
The severity of the disciplinary action is increased only when the undesirable condition is not corrected.
Therefore, in the scenario given above, the next severe step among the options is a Threat of temporary suspension.
Greece Inc. has excess capacity. Under what situations should the company accept a special order for less than the current selling price?
a) When additional fixed costs must be incurred to accommodate the order
b) Never
c) When the company thinks it can use the cheaper materials without the customer's knowledge
d) When incremental revenues exceed incremental costs
Answer:
D) When incremental revenues exceed incremental costs
Explanation:
Incremental revenues are the additional revenues generated by selling additional units, or in this case an special order. Incremental costs are the additional costs generated by accepting the special order.
Generally when a special order is being considered, the company must first determine if the additional output is possible with the current capacity, and if so, which additional costs would apply to the special order. Generally certain fixed costs are not included in the cost analysis of special orders, and only variable costs are used to determine if it generates profits or not.
In June of the current year, Susan’s mother gave her 100 shares of a listed stock. The donor’s basis for this stock, which she bought 10 years ago, was $4,000, and market value on the date of the gift was $3,000. Susan sold this stock in July of the current year for $3,500. The donor paid no gift tax. What was Susan’s reportable gain or loss in the current year on the sale of the 100 shares of stock gifted to her?
Answer:
$0 No gain No Loss
Explanation:
To compute gain, a donee's basis is the same as the donor's basis, adjusted for gift tax and For computing loss, the lower of the donor's adjusted basis or the FMV of the property is used.
Therefore If the property is later transferred for more than FMV at the date of the gift but for less than the donor's basis at the date of the gift, no gain (loss) is recognized. Therefore, Susan reports neither gain nor loss.
Gain Loss
Amount realized
$3,500 $3,500
Less: basis
(4,000) (3,000)
Therefore Susan’s reportable gain or loss in the current year on the sale of the 100 shares of stock gifted to her shows No gain No loss
Answer:
$0 gain/loss
Explanation:
donor's basis = $4,000
market value = $3,000
selling price = $3,500
Since Susan acquired the stocks by gift, her basis for loss will be $3,000 (fair market value), but if she made a gain when selling them, her basis for gain will be $4,000 (donor's basis).
Susan's gain = $4,000 - $3,500 = $500
Susan's loss = $3,000 - $3,500 = -$500
since they offset each other, there is no gain/loss.
Susan threw away in the garbage an old chair that had been in her family for many years by placing it on the curb with the rest of the trash. alma came by and began to admire the chair. although the chair was heavy, alma picked it up and called to a friend saying that she had just found an antique chair. when susan heard this, she demanded the return of the chair. the chair belongs to: susan unless alma can show susan gave it to her. susan because there was no intent to make a gift. alma because anything one finds belongs to the finder. alma because susan abandoned it and alma took possession of it.
Answer:
It belongs to Alma because Susan abandoned it and Alma took possession of it
Explanation:
By common law, Alma is a person who has found an abandoned property and she may claim it. To do this, she has to take some definite steps to show her claim. Alma can claim this abandoned piece of chair by taking it into her house, or by placing a sign on it to show that she now owns it.
If Susan was to take this to court, the court would determine the kind of item and where it was found to determine if Alma has a right to it. But since it was found in a dump site she now has the right to it.
Which of the following is true? a. risky assets on average do not earn a risk premium b. there is a reward for bearing risk, on average c. on average, the greater the risk, the lower the reward d. when comparing the common stock of 2 firms, the riskier one will have the lower price e. there is no reward for bearing risk, on average
Bob bought a desktop computer and a laptop computer. Before finance charges, the laptop cost $300 less than the desktop. He paid for the computers using two different financing plans. For the desktop the interest rate was 7% per year, and for the laptop it was 6% per year. The total finance charges for one year were $398. How much did each computer cost before finance charges?
Answer:
Laptop = $2,900
Desktop = $3,200
Explanation:
The cost of the laptop will be represented by the variable X
The desktop costs $300 more than the laptop, therefore, its cost will be X+300
The finance charge of 398 comes from the 7% interest on the desktop (7% interest on X+300), and the 6% interest on the laptop (6% interest on X).
We can lay out the formula with the information above:
398 = 0.07*(X+300) + 0.06*X
398 = 0.07X + 21 + 0.06X
398 = 0.13X + 21
398 - 21 = 0.13X
377 = 0.13X
377 / 0.13 = X
2,900 = X
So X is the laptop, therefore, the laptop costs $2,900.
The desktop costs $2,900 + $900 = $3,200
Hometown Appliance has been having issues with salesmen who are giving customers incorrect pricing or information or creating advertising to draw customers into the store only to tell them that the item is sold out. In order to resolve some of the ethical issues that the organization is having, what might be the best solution?
Answer:
start at the top of the command structure
Explanation:
Based on the scenario being described it can be said that the best solution to this would most likely be to start at the top of the command structure. This would allow you to go down the chain of command in order to find and stop the communication problem at the source. Which in doing so you will fix the problem completely, since the rest of the employees will begin to receive the correct information regarding the products.
Sarah needs funding to research the efficacy of a certain drug for the treatment of cancer. Though her initial trials have been inconclusive, Sarah is sure that the drug will prove to be effective. However, the organizations she plans to approach for funding will not be very impressed with the results of the previous trials and may withhold funding. Sarah has to structure her proposal in such a way that she emphasizes the positives about the drug and minimizes the negative information. Which of the following best describes Sarah's technique of writing her proposal?
A) diagonal communication
B) filtering
C) defensiveness
D) jargon
Answer:
The answer to this question would be defensiveness or option C) mentioned in the answer list or options.Explanation:
Defensiveness or defensive behavior basically arises from any doubt, fear, prevention of negative outcome/s and/or apprehension of rejection or disapproval.In this case, Sarah is apprehensive or doubtful about the funding that she needs to receive from the various organizations. She is skeptical that if she reveals the negative outcomes or the information about the cancer medicine or drug that she is working on, she might loose funding for her research and experiments.Therefore, in this case, Sarah's approach towards the construction of the research proposal can be ideally identified as a defensive mechanism to prevent any undesirable outcome,reflected by the potential possibility of rejection of the research funding.This defensive mentality led her to eliminate all the negative information or results and only include the positive ones about the concerned drug.