Answer:
The break-even price is $330
Explanation:
It is important to note that the break-even price is considered as the average avoidable cost. For each room, it is considered as the addition of marginal cost with the annual cost of avoidable capital/room.
The Break-even price is calculated below:
[tex]P^{BE} =[/tex] $25,000,000 × 20% / 20,000 + $80
= $330.
Therefore, the break-even price is $330.
Problem 6-6 Bond Prices [LO 2] App Store Co. issued 16-year bonds one year ago at a coupon rate of 6.2 percent. The bonds make semiannual payments. Required: If the YTM on these bonds is 5.4 percent, what is the current bond price? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
Answer:
$1,081.53
Explanation:
For computing the current bond of the price we need to use the present value formula i.e to be shown in the attachment below:
Given that,
Assuming Future value = $1,000
Rate of interest = 5.4% ÷ 2 = 2.7%
NPER = (16 years - 1 years) × 2 = 30 years
PMT = $1,000 × 6.2% ÷ 2 = $31
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after applying the above formula, the current bond price is $1,081.53
You paid $25 for your ticket to the football game, only to see your favorite team losing 28-0 at the end of the first quarter. That $25 should now be regarded as a(n) __________ cost that economists say should be __________ in your decision on whether or not to stay at the game or leave.
Answer:
Sunk; disregarded
Explanation:
Sunk cost is cost that has already been expended and cannot be recovered. It shouldn't be considered when making decisions.
No matter how much one argues, one would not be able to recover the $25. Therefore, it is sunk cost.
I hope my answer helps you
Zoomer Company produces Optimist sailboats. The costs of producing 100,000 tiller extensions for use in the boats are as follows: Direct labor $250,000 Direct materials 300,000 Variable overhead 65,000 Fixed overhead 185,000 An outside supplier has offered to supply the tiller extensions for $720,000. If Zoomer accepts the offer $85,000 of fixed costs can be avoided. What is the financial advantage (disadvantage) of accepting the supplier's offer?
Answer:
It is cheaper to make the product in house.
Explanation:
Giving the following information:
Direct labor $250,000 Direct materials 300,000 Variable overhead 65,000 Fixed overhead 185,000 An outside supplier has offered to supply the tiller extensions for $720,000. If Zoomer accepts the offer $85,000 of fixed costs can be avoided.
We will calculate the total cost of both options:
Make in the house:
Total cost= 250,000 + 300,000 + 65,000 + 185,000= $800,000
Buy:
Total cost= 720,000 + 100,000= $820,000
It is cheaper to make the product in house.
The Welcome Inn has its new orientation program in place. The general manager has decided that new hires will work in relatively easy jobs until they get a feel for the work and get familiar with the industry. The Welcome Inn management is using which of the following undesirable approaches to orientation?a.a Mickey Mouse approachb.suffocationc.unrealistic job previewsd.emphasis on paperwork
Answer:
A) a Mickey Mouse approach
Explanation:
A Mickey Mouse approach to orientation refers to training or assigning new employees with the easiest jobs available so that they can feel the work and the company's organizational culture. The problem with this type of approach is that new employees might feel that their own capabilities are not being taken in account. It can lower new employees' morale and actually make them want to change their job. E.g. you are an accountant and they assign you a messenger's job.
Halo Beverages has two divisions, North and South, which share the common costs of the company's computer support. The total cost of computer support is $4,000,000 a year. The North Division fields 3,800 help desk calls per year and uses 18,200 hours of network time. The South Division fields 4,200 desk help calls per year and uses 21,800 hours of network time. What is the amount of cost that will be allocated to the North Division if fixed computer support costs of $2,500,000 are allocated on the basis of number of calls and the remaining costs (all variable) are allocated on the basis of number of hours on the network
Answer: $1,870,000
Explanation:
Total cost of computer support = $4,000,000
North division = 3800 calls per year
North division = 18,200 hours network time
South division = 4200 calls per year
South division = 21,800 hours network time
Total amount allocated on basis of number of calls = $2,500,000
Tot allocated on basis of network time =
$4,000,000 - $2,500,000 = $1,500,000
Total amount allocated to North division =
[(2,500,000/(3800+4200)) × 3800] + [(1,500,000 / (18,200+21,800)) × 18,200]
(312.5 × 3800) + (37.5 × 18200)
$1,187,500 + $682500 = $1,870,000
$1,870,000
Baker Company's sales mix is 3 units of A, 2 units of B, and 1 unit of C. Selling prices for each product are $20, $30, and $40, respectively. Variable costs per unit are $12, $18, and $24, respectively. Fixed costs are $320,000. What is the break-even point in composite units
Answer:
$5,000
Explanation:
3 units of A at ($20-$12) contribution margin per unit = $24
2 units of B at ($30-$18) contribution margin per unit =24
1 unit of C at ($40-$24) contribution margin per unit = 16
contribution margin of a composite unit (sum) = $64
Break even point in composite units=$320,000/$64= $5,000
Therefore the break-even point in composite units is $5,000
Answer:
30,000 units
Explanation:
The break-even point is the units of the products that must be produced and sold to make the total costs to be equal to the total revenue.
Beak-even point can be determined as follows:
Break-even point = total fixed cost / average contribution per unit
Break-even point (units ) = $105,000/125 per unit
average contribution per unit
= contribution from a mix /total units
=(3×( 20-12) + 2×(30- 18) + 1× (40-24))/(3+2+1)
=$10.667 per unit
Break-even point (units
= $320,00/10.66
=30000
The __________ phase is probably the single most important determinant of shareholder value creation in mergers and acquisitions. a. post-acquisition restructuring b. post-acquisition integration. c. pre-acquisition negotiations d. pre-acquisition due diligence
Answer: Post acquisition integration (B)
Explanation:
Post acquisition integration is a complex process of rearranging and combining businesses to materialize the potential efficiencies and synergies which usually motivate acquisitions and mergers.
The process, is usually lengthy and resource intensive. The importance of post acquisition integration cannot be understated, as it allows an acquiror to acquire the long-term value that he or she seeks from the transaction. It is a vital determinant on value creation for the shareholders in acquisitions and mergers.
Answer:
B. Post acquisition Integration
Explanation:
Post acquisition Integration involves combining the operations, workings and system of the business pr organization that has been acquired with the organization that acquired it (acquirer). It is very important as it allows for the acquirer to picture the long term value sought from the acquisition of the organization. Hence, why it is probably the single most important determinant of shareholder value creation in mergers and acquisitions. Failures in post acquisition Integration opportunities been missed and low performance in operation of the organization as a whole.
Unscheduled absenteeism has climbed to its highest levels in XYZ Company last month. Inorder to reduce the costs associated with unscheduled absenteeism HR professionals in XYZCompany decided to change their paid time off policy. This company used to grant eachemployee 10 vacation days, 5 paid days for sick leave, and 4 days for personal leave. With thenew policy, this company combines vacation, sick leave, and personal leave policies into onesingle paid time off policy (i.e., 19 days). The management decided to keep funeral leave as astand-alone policy. What is XYZ Company's new policy called?
A) integrated paid time off
B) combined paid time off
C) sabbatical leave
D) volunteer leave
Answer:
A) integrated paid time off
Explanation:
Integrated paid time off (PTO) is a policy employed by many organizations where all paid time off benefits are combined into one, equaling a total of the paid days off for holidays, vacation, sick leave, and personal days the employee would have received in a separate paid time off system.
What is NOT true about a home filing system? It should be kept in a dry area with good air circulation. It is a place to keep all records including: tax documents, credit card statements, contracts, receipts, instruction manuals, warranties, etc. They require expensive equipment and aren't necessary until you own a home.
Answer:
The answer in this case,is the first option in the answer list or option or It should be kept in a dry area with good air circulation.Explanation:
Home filing system is a thorough and intensive process of organizing and sorting of all the important documents,paperwork,forms such as tax papers, credit card statements,official documents etc. in the home in one articular place.It basically involves categorization or classification of all the concerned documents and paperwork in home into proper and appropriate filing system.One of the main objectives of the filing system in home is to identify and categorize each individual document according to separate files where each of the documents belong to so that they are not misplaced or disorganized.Home filing system requires certain equipment such as files,paper folders,shredder,recycling bins,label marker or pens and so on.Which of these statements about California is true? The Gold Rush had little effect on the economy. The people applied for statehood before the Gold Rush began. Prices for supplies during the Gold Rush were very low. Many towns relied on vigilantes for protection from criminals.
Answer:
Many towns relied on vigilante for protection against criminals
Explanation:
There were no housing accomodations, sanitation was poor, and law enforcement in the mining camps and surrounding areas created a dangerous mix. There were increases in Crime rates in the goldfields.. Vigilante justice was relied upon as the only response to criminal activity as there was no presence of effective law enforcement agents. The gold Rush brought a number of settlers to California.
Gideon Company uses the allowance method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off the $2,800 uncollectible account of its customer, A. Hopkins. The entry or entries Gideon makes to record the write off of the account on May 3 is:
Answer:
Journal Entry
May 3
Dr. Allowance for doubtful accounts $2,800
Cr. Account Receivable $2,800
Explanation:
When a receivable of the business is considered to be non-collectible from a customer, it is written off from the accounts. This event will decrease the account receivable balance and allowance for the doubtful accounts too. a Debit entry in the Allowance for doubtful account and a credit entry in accounts receivable is made to incorporate the effect of this transaction.
At September 1, 2022, Sunland Company reported Retained Earnings of $406080. During the month, Sunland generated revenues of $57600, incurred expenses of $34560, purchased equipment for $14400 and paid dividends of $5760. What is the balance in Retained Earnings at September 30, 2022
Answer:
$423,360
Explanation:
Equity which represents the amount owed to the owners of the business includes retained earnings (which is the accumulation of the net income/loss over the years less dividends paid) and common shares.
Ending retained earnings = Beginning retained earnings + additional stock issued + net income - dividend paid
net income is the difference between sales and expenses
= $406080 + $57600 - $34560 - $5760
= $423,360
A December 15, 2008, purchase of goods was denominated in a currency other than the entity's functional currency. The transaction resulted in a payable that was fixed in terms of the amount of foreign currency and was paid on the settlement date, January 20, 2009. The exchange rate of the currency in which the transaction was denominated changed at December 31, 2008, resulting in a loss that should:
A. Not be reported until January 20, 2009, the settlement date.
B. Be included as a component of comprehensive income for 2008.
C. Be included as a deferred charge at December 31, 2008.
D. Be included as a component of income from continuing operations for 2008.
Answer:
D. Be included as a component of income from continuing operations for 2008.
Explanation:
The exchange rate change in 2008 caused foreign currency exchange to loss. This loss should be recognized in 2008 as a component of income from continuing operations in the income statement. Also, losses and gains that was caused by the changes in exchange rates are identify in current earnings in the period in which the exchange rate changes caused the loss.
An investor seeking to recover stock market losses from a CPA firm associated with an initial offering of securities based on an unmodified opinion on financial statements that accompanied a registration statement, must establish that:
Answer:
The audited financial statements contain a false statement or omission of material fact.
Explanation:
Base on the scenario been described in the question, for an investor seeking to recover stock market losses from CPA, he must established that the audited financial statements contain a false statement or omission of material fact. If he can be able to establish this fact or prove that the statement contains false material, he will be able to recovery the stock losses in the market . The statement provides the prove he needs .
A leveraged buyout refers to a(n): a. action where the management of the firm and/or an external party buys all of the assets of a business financed largely with equity. b. restructuring action whereby a party buys all of the assets of a business, financed largely with debt, and takes the firm private. c. firm pursuing its core competencies by seeking to build a top management team that comes from a similar background. d. firm restructuring itself by selling off unrelated units of the company's portfolio.
Answer:
a restructuring action whereby a party buys all of the assets of a business, financed largely with debt, and takes the firm private.
Explanation:
A leverage means taking a loan to consummate a deal. So a leveraged buyout is when an entity takes a loan in order to buy all the assets of a firm and take it private.
Leveraged buyout is practices by parties that do not have enough funds to purchase a company, but they see a high return of Investments over time.
So they take a loan to buyout the company in the hope that returns will eventually cover the loan taken
Members of the International Expansion Research Task Force at Hands-on Corporation come from manufacturing, research and development, marketing, and engineering.. The youngest member is 23 years old; the oldest will retire next spring at age 65. Two of the members have bachelor's degrees, several have no college degree, and one has a doctorate in theology. Based on these factors, the International Expansion Research Task Force should NOT expect ________.
Answer:
Explanation:
Members of the International Expansion Research Task Force at Hands-on Corporation come from manufacturing, research and development, marketing, and engineering.. The youngest member is 23 years old; the oldest will retire next spring at age 65. Two of the members have bachelor's degrees, several have no college degree, and one has a doctorate in theology. Based on these factors, the International Expansion Research Task Force should NOT expect to have problems that could be attributed to a homogeneous group
The reason being this job ranges across differnt age strata and qualifications, so it is definetly unliketo have issues that are homogenuous in nature.
Fixed costs including depreciation have increased at Leverage Inc., from $4 million to $5.3 million in an effort to reduce variable costs. What must the new variable cost percentage of sales be to break even from an accounting perspective at $20 million?
Answer:
VC% = 73.5%
The New variable cost percentage of sales = 73.5%
Explanation:
Given;
New Fixed cost = $5.3 million
Total cost = $20 million
Total variable cost = $20 - $5.3 = $14.7 million
Variable cost percent=(total variable cost/total cost)×100%
VC% = (14.7/20) × 100%
VC% = 73.5%
Answer:
73.5%
Explanation:
Break-even is the level of sales at which the business have no profit no loss. At this point business only covers the the variable and fixed cost.
As we know the break-even sales value can be calculated as follow:
Break-even sales = Fixed cost / Contribution margin ratio
As per given data
Break-even sales = $20 million
Fixed Cost = $5.3 million
Placing value in the formula
$20 million = $5.3 / Contribution margin ratio
Contribution margin ratio = $5.3 million / $20 million = 0.265 = 26.5%
As we know
Contribution margin = Sales - Variable cost
26.5% = 100% - Variable cost ratio
Variable cost ratio = 100% - 26.5% = 73.5%
The reserve requirement is 20%. Leroy receives $1,000 as a graduation present and deposits the money in his checking account. The bank does NOT want to hold excess reserves. What is the maximum possible expansion in the money supply as a result of this initial deposit?
Answer:
Maximum expansion in money supply = $5,000
Explanation:
The fractional banking system requires banks to keep a percentage of their total deposit as reserve and lend the rest as loans and advances
The total maximum amount that can be created by the bank is equal TO the amount of deposit multiplied by the creation multiplier.
The multiplier = 1/reserve ratio
Maximum amount = 1,000 × 1/0.2
= $5,000
The maximum possible expansion that could be seen in money supply by using initial deposits would be $5,000.
The reserve requirement is given as 20% or 0.20 and $1,000 as initial deposits.
The computation of money supply expansion is determined with the help of a money multiplier, which is given below:
[tex]k=\frac{1}{RR}\\=\frac{1}{0.20} \\=5[/tex]
Here, k is the money multiplier and RR is the reserve ratio.
Hence, the final increase in the money supply would be derived by multiplying the value of multiplier with initial deposits, that is:
[tex]5*1000\\=5000[/tex]
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The following credit sales are budgeted by Swifty Corporation:
January $304000 February 400000 March 520000 April 460000
The company's past experience indicates that 70% of the accounts receivable are collected in the month of sale, 20% in the month following the sale, and 8% in the second month following the sale. The anticipated cash inflow for the month of April is _______.
Answer:
$458,000
Explanation:
April
$460,000 x .70 = $322,000
March
$520,000 x .2 = $104,000
February
$400,000 x .08 = $32,000
Addition of APRIL+MARCH+FEBRUARY
$322,000 + $104,000 + $32,000
= $458,000
Therefore the anticipated cash inflow for the month of April is $458,000
A conspiracy where participants at one end may know nothing of those at the other end, but every participant handles the same commodity at different points, such as manufacture, distribution, and sale is known as
Answer: A chain conspiracy
Explanation:
A chain conspiracy is one of the type of agreement between two and more than two person with some legal act and a chain conspiracy is one of the law based theory in which the different types of requirements and the procedures are followed based on the given situation.
According to the given question, a chain conspiracy is one of the business method in which the different types of participants are unaware about the other end-clients's information but handling the similar type of commodity in an organization such as:
The manufacturing processThe distribution process Sale departmentCustomers help departmentTherefore, Chain conspiracy is the correct answer.
In 2019, Theresa was in an automobile accident and suffered physical injuries. The accident was caused by Ramon's negligence. In 2020, Theresa collected from his insurance company. She received $15,000 for loss of income, $10,000 for pain and suffering, $50,000 for punitive damages, and $6,000 for medical expenses that she had deducted on her 2019 tax return (the amount in excess of 10% of adjusted gross income). As a result of this, Theresa's 2020 gross income is increased by $56,000. True False
Answer:
True
Explanation:
The loss of income was refunded from the insurance company and must not appear in the gross income because tax rules gives benefits of such payment receipts. Furthermore, the compensation for suffering and pain is also disallowed expense under the tax rule.
The punitive damages must appear as income in the tax returns and the medical expenses that the person paid initially and set it off in the tax return 2019, must now appear as income because previously it was deducted.
So the total gross income under the tax rules = $50,000 + $6,000
Gross Income = $56,000
A magazine ad designed for Target's new campaign shows a well-dressed shopper pushing her loaded Target cart to her Jaguar, showing satisfaction in the parking lot as she spots another consumer loading Target shopping bags into her Jaguar. Which objective is this ad hoping to achieve?
Answer:
The ad is trying to situate the brand socially.
Explanation:
The ad is trying to give target desired social meaning by increasing the brand's social appeal. To do this they use trend setting to their advantage. The ad uses visual scenes to create a feeling in the consumer which is activated whenever the customer uses the product.
GlobeTrekkers, Inc. has employees all over the world. Employees have face-to-face meetings on occasion, but they communicate with each other mostly via conference call, email, and webcasts. These employees ________.
Answer:
Form a virtual team
Explanation:
Virtual team can be defined as a group of workers or employees who work together with a common purpose but are separated by location. Virtual team can also be called "remote team" or "geographically dispersed team", or "telecommuting".
It refers to a group of people working on similar project but are situated in different locations of the world. Virtual team is made possible with the advent of technology. All members of the team communicate with the use of technology such as video conference call, email, webcasts and other forms of technological communication.
Virtual team does not require the physical presence of the team members since communication is done online. This allows employees some form of freedom and shift between jobs(that is have more than one job). It allows workers have time to handle their personal matters.
Employers of virtual team workers also benefit from reduced cost of operation. The employer doesn't have to provide offices for each staff members.
Answer:
The employees are a virtual team.
Explanation:
A virtual team is made up of a group of individuals who are dispersed in different geographic locations but can effectively work together on a project from their different locations. In other words, they can all work together or collaborate on a project from a distance (without gathering at a geographical location).
The work of a virtual team is made possible through communication technology like fax, email, voice or video conferencing services (for face to face meeting) as well as webcast.
Which of the following statements is CORRECT? a. One advantage of the corporate form of organization is that liability of the owners of the firm is limited to their investment in the firm. b. Bond covenants are an effective way to resolve conflicts between shareholders and managers. c. Corporations generally are subject to more favorable tax treatment and fewer regulations than partnerships and sole proprietorships, which is why corporations do most of the business in the United States. d. Because of their simplified organization, it is easier for sole proprietorships and partnerships to raise large amounts of outside capital than it is for corporations. e. Managers who face the threat of hostile takeovers are less likely to pursue policies that maximize shareholder value than are managers who do not face the threat of hostile takeovers
Answer:
a. Liability of the owners of the firm is limited to their investment in the firm.
Explanation:
A corporation is defined as a form of business owned by shareholders and controlled by elected group of board of directors. A corporation is a legal entity which means that it can sue and be sued. It can also enter into a contractual relationship.
In a corporation, the liability of the
shareholders or owners of the firm is limited to their investment in the firm because of the doctrine of separate legal entity. In case of liquidation, owners would only loose their investment in the firm rather than loosing their investment and personal properties.
A company purchased $9,100 of merchandise on June 15 with terms of 3/10, n/45. On June 20, it returned $455 of that merchandise. On June 24, it paid the balance owed for the merchandise taking any discount it was entitled to. The cash paid on June 24 equals _________.
Answer:
$259.35
Explanation:
The computation of the amount of cash paid is shown below:
= (Purchase value of merchandise - returned goods of merchandise - discount charges)
= ($9,100 - $455 - $259.35)
= $8,385.65
The discount charges is
= (Purchase value of merchandise - returned goods of merchandise) × discount rate
= ($9,100 - $455) × 3%
= $259.35
We simply applied the above formula
Angelica is the CEO of Sandhaven Ltd., a publicly traded company. The shareholders want Angelica on the board of directors despite her recent appointment as the CEO. This decision of the shareholders is most likely because Angelica is:_________.
a. likely to provide the board with valuable inside information.
b. more likely than other board members to take care of the stockholders.
c. also the CEO of other companies.
d. a board member of a major client.
Answer:
likely to provide the board with valuable inside information.
Explanation:
Strong cooperation between the CEO and shareholders can help define a broad and forward-looking board agend. Angelica is mostly likely appointed to the board because she is likely to provide the board with very important inside information, of which without such valuable inside information, the board would not be able to effectively monitor the firm.
Consider the effects of inflation in an economy composed of only two people: Charles, a bean farmer, and Dina, a rice farmer. Charles and Dina both always consume equal amounts of rice and beans. In 2016 the price of beans was $1, and the price of rice was $4.
1. Suppose that in 2017 the price of beans was $2 and the price of rice was $8.
(a) Inflation= ?%
(b) Indicate whether Charles and Dina were better off, worse off, or unaffected by the changes in prices.
Better Off
Worse Off
Unaffected
Charles
Dina
2. Now suppose that in 2017 the price of beans was $2 and the price of rice was $4.80.
(a) In this case, inflation= ?%
(b) Indicate whether Charles and Dina were better off, worse off, or unaffected by the changes in prices.
Better Off
Worse Off
Unaffected
Charles
Dina
3. Now suppose that in 2017, the price of beans was $2 and the price of rice was $1.60.
(a) In this case, inflation= ?%
(b) Indicate whether Charles and Dina were better off, worse off, or unaffected by the changes in prices.
Better Off
Worse Off
Unaffected
Charles
Dina
4. What matters more to Charles and Dina?
The overall inflation rate
or
The relative price of rice and beans
The inflation in 2017 was 100% and both Charles and Dina are unaffected.
1. In 2016 the price of beans was $1, and the price of rice was $4 but in 2017, the price of beans was $2 and the price of rice was $8.
This implies that the market basket has increased from $5 to $10. The inflation will be: = (10 - 5) / 5 × 100 = 100%
Therefore, both of them are unaffected by the increase in price.
2. If the price of beans was $2 and the price of rice was $4.80, then the market basket is $6.80. Therefore, the inflation will be:
= (6.80 - 5) / 5 × 100
= 36%
Inflation is 36%. In this case, Charles is better off because the price of beans has doubled.
3. The Inflation based on the information given will be:
= (3.60 - 5) / 5 × 100
= -28%
In this case, Charles is still better off and there's a fall in inflation by 28%.
4. It should be noted that the relative price of rice and beans matters more to Charles and Dina.
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For Charles and Dina in a two-person economy of rice and beans, the relative price of goods is of greater importance than the absolute prices due to their consumption and trading patterns. The Consumer Price Index (CPI) highlights the significance of the weighted average of prices in determining inflation's impact on economic decisions.
Explanation:To Charles and Dina, who are both consumers and producers in an economy that only consists of rice and beans, the relative price of these goods would matter more than their absolute prices. Each consumes equal amounts of both goods, so when considering inflation, what matters to them is how the price of one commodity changes relative to the other. If the price of beans, which was $1, inflates to $2, and the price of rice, originally $4, also inflates to $8, their relative price remains the same, and they can continue to trade equally.
However, if the price of beans doubles but the price of rice does not, Charles (the bean farmer) will find that his beans buy less rice than before, adversely affecting his consumption and trade capabilities. The concept of the Consumer Price Index (CPI) exemplifies this by looking at not just individual good's price changes but at a basket of goods and how changes in prices affect buying power.
This consideration of relative prices is crucial in understanding the structure of the economy and how inflation impacts consumption and trade. Changes in the weighted average of prices, accounting for actual consumption, are therefore more relevant to Charles's and Dina's economic decision-making than the change in the price of any single good on its own.
Stamford Co. purchased a bond on October 4 of the current year for $ 30 comma 000 and classified it as available-for-sale. The market value of the investment at year-end is $ 29 comma 000. What value will be reported in net income for the adjustment, if any? A. $ 29 comma 000 B. $( 1 comma 000 ) C. $0 D. Not enough information is given to determine the amount included in net income.
Answer:
C. $0
Explanation:
Data provided in the question
Purchase value of the bond = $30,000
And, the market value of the investment at the ending year is $29,000
So by considering the above information, the $0 would be reported in the net income as only realized gains are transferred to the income statement
While the unrealized gain or loss on available for sale securities transferred to Comprehensive income statement and accumulated amount goes to Balance Sheet as a Accumulated Other Comprehensive Income
Many identify increased globalization as a main factor that led to the economic resurgence seen in the 1990s. Although globalization has been an important part of international commerce since the Columbian Exchange between the Old and New Worlds beginning in the 1500s, the globalization of the late twentieth century is unique in many ways. Fill in the blanks to complete the passage describing the response to globalization at the World Trade Organization conference in Seattle in 1999.
Answer:
The response of many people in Seattle at the World Trade Organization conference of 1991 was overwhelmingly negative.
Many anti-globalization groups met there to protest, and the protests soon erupted into riots.
Among the groups protestings were: enviromentalists, conservationists, trade unions, socialists and communist parties, and citizens who opposed globalization.
The World Trade Organization was seen by those groups of people as a too powerful tool that was bringing globalization to countries without necessarily having the consent of the people.
The rise of globalization in the late twentieth century, characterized by a significant increase in international trade and capital flows, is largely credited with driving the economic resurgence in the 1990s. This modern wave of globalization distinguished itself with the growth of multinational corporations and complex global networks, leading to varied reactions such as those seen during the WTO conference in Seattle in 1999.
Explanation:Globalization and the 1990s Economic Resurgence
The economic resurgence in the 1990s is frequently attributed to the intensification of globalization, an ever-growing expansion of cultural, political, and economic connections across the globe. Notably different from earlier forms of international trade, globalization in the late twentieth century was characterized by an unprecedented increase in the exchange of goods, services, and financial capital across national borders. The response to this wave of globalization culminated in significant events such as the World Trade Organization conference in Seattle in 1999, which sparked widespread debate and protests reflecting diverse reactions to the impact of global economic integration.
The concept of globalization is not new, dating back to the Columbian Exchange; however, the rapid acceleration in the late twentieth century was a result of various technological, political, and economic changes. Global exports as a percentage of global GDP climbed significantly from the nineteenth century through the early part of the twentieth century, only to be interrupted by world wars and economic depressions. Following World War II, the process of rebuilding global economic connections began slowly, and by the 1980s, the impact of global economic forces on the world economy started becoming as salient as they were before World War I.
Modern globalization can be observed through multinational corporations like Walmart, McDonald's, or Ford engaging in international trade by utilizing labor and resources from various countries to offer products and services worldwide. The complexities and scale of economic globalization have prompted diverse responses, including the significant protests at the WTO conference in Seattle, reflecting the concerns and critiques from different sectors of society about the implications of such global interconnectedness.
McDonald has invented a machine that harvests corn in the field, automatically shucks the corn from the husk, and peels the kernels from the cob, separating everything for easy disposal or further use. Assuming that all requirements are met for a patent, the length of his patent protection will be __________.a. 14 years from the completion of the invention. b. 20 years from the completion of the invention. c. 14 years from the filing of the application with the U.S. Patent and Trade Office. d. 20 years from the filing of the application with the U.S. Patent and Trade Office.
Answer:
Correct option is (d)
Explanation:
Utility patent is granted to protect an innovation from being copied by others. Utility patent is granted to protect the functionality or usage of the product while design patent is granted to protect the way the product looks like its appearance or ornamentation.
Utility patent is granted for 20 years from the date the application is file with the US trade office while design patent is granted for 14 years from the date of invention.
Here, McDonald's invention is granted utility patent that protects the product for 20 years from the date application is filed with the US patent office.
McDonald's machine for harvesting and processing corn would be protected by a patent for 20 years from the filing date with the U.S. Patent and Trade Office.
Explanation:The length of patent protection for McDonald's invention that harvests, shucks, and peels corn would be 20 years from the filing of the application with the U.S. Patent and Trade Office. This duration applies to most patents on new inventions and is intended to provide a balance between giving the inventor time to recoup their investment and preventing them from maintaining a permanent monopoly. The inventor is granted the exclusive legal right to make, use, or sell the invention during this period. It is worth noting that while patents incentivize innovation, the system is not perfect, with only a fraction of the invention's economic value typically returning to the inventor, and in rapidly advancing industries, patents may quickly become obsolete.