Answer:
B) a voidable contract, one that Jack can void.
Explanation:
A voidable contract is valid until one of the parts decides to void it. In this case, if Jack decides to purchase Jennifer's computer and later discovers that she lied about how old it was, he can void the contract and return the computer to get his money back.
What Jennifer is doing is basically lying about the material facts of the product that they are bargaining and it represents a valid reason for voiding the contract.
Which of these is NOT an example of price discrimination? retirees getting a discount at a local movie theater soup companies sending coupons to select buyers a novel printed in paperback that sells for more than the same book in an electronic format drug companies charging people living in wealthier countries higher prices for a drug than they charge people living in a poorer country for the same drug
Answer:
A novel printed in paperback that sells for more than the same book in an electronic format
The example contains two different products, one is novel in paper form, and other in electronic form of the novel. Price discrimination occurs when we charge different prices for the same product from different customers. They are completely two different forms of the product which means the product is not identical in term of its form.
Explanation:
Above mentioned example is definitely does not fall under price discrimination.
Price Discrimination: is offering different prices to different customers for the same good. All of the other examples may falls under price discrimination because they contain same product but for different customers namely, discount at movie theater, soup companies sending coupons, and for the same drug they are charging different prices accordingly.
A favorable direct materials price variance and an unfavorable direct materials quantity variance might indicate
Answer:
A favorable direct materials price variance and an unfavorable direct materials quantity variance might indicate that the amount of direct materials or inputs actually used in the production is lower than the expected or standard quantity or amount to be normally used in production.Explanation:
A favorable direct material price variance basically implies different than usual or standard variation in the price of raw materials and factor inputs used in the production process.From a business or economic standpoint,it indicates that the amount or quantity of materials and factor inputs employed in the production of any product or services is actually less than the standard or expected quantity or amount to be used in the production.It perhaps might also indicate an unusual or unexpected reduction in the production or manufacturing costs or expensesA) High-quality materials were purchased at a lower cost but resulted in more waste, causing the variances.
An unfavorable direct materials quantity variance indicates that waste or inefficiency resulted from the usage of more resources than anticipated. When these two variances occur together, it might indicate that high-quality materials were purchased at a reduced price, leading to initial savings.
This scenario underscores the importance of balancing cost and quality in purchasing decisions, as savings on material costs can be negated by inefficiencies in production, resulting in an overall unfavorable outcome for the business.
The complete question is:
A favorable direct materials price variance and an unfavorable direct materials quantity variance might indicate.
A) High-quality materials were purchased at a lower cost but resulted in more waste.
B) Low-quality materials were purchased cheaply, leading to higher usage.
C) Materials were purchased in bulk, causing storage issues.
D) Both variances are unrelated and indicate no specific trend.
David owns a cooperative apartment in Midtown Manhattan. He would like to know when the board members of his cooperative meet, as he would like to present architectural plans for the renovation of his apartment. Where should David look to find this information...?
Answer: By-laws
Explanation:
According to the given question, the by law is one of the type of rule in which the various types of laws are established the rights for the given responsibilities in an organization.
The main objective of the bylaws is to make disputes among the group members and any company by establish the laws for the purpose of controlling the discipline in an organization.
Therefore, David is basically looking for by laws for the purpose of finding its information in the cooperative meet. So, By laws is the correct answer.
Slow growth in US incomes during the 1970s and 1980s was primarily due to a. slow productivity growth in the US. b. increased competition from Japan. c. increased competition from European countries. d. a rapid decrease in the quantity of money in the economy.
Answer:
A
Explanation:
Slow productivity growth in the US
Answer:
A) slow productivity growth in the US.
Explanation:
The major factor that affects income and economic growth is productivity, though it is not the only one. Several research studies determined that the average productivity of an American worker during the 1970s decreased specially in industries that were hit hard by the continuous oil and energy crises: pipelines, electronics, auto repair, and oil and gas extraction.
Lower productivity plus high inflation rates and increased foreign competition were the perfect economic storm. there were other periods of economic recession were productivity fell in the same proportion or even higher (late 1980s and early 1990s), but the combination of factors made things worse.
The auto industry was severely hit during those years, and it was never able to recover fully. Back then Honda and Toyota gained huge portions of market share, specially in car sales (not pickups) and even today their cars are the best selling (Camry, Corolla, Accord and Civic) while American manufacturers are only focusing SUVs and pickups. If we set aside Apple, the rest of the large American electronics manufacturers are virtually gone (GE and Motorola are Chinese now).
During the 1970s and early 1980s, American manufacturing suffered a lot.
Axiom International, an Australian company, wants to expand its operations to China, a country that is politically, culturally, and economically different. The firm needs to select a mode of entry that would give it access to local knowledge, allow sharing of development costs and risks, and also be politically acceptable. Which of the following modes of entry into foreign markets is most suitable for Axiom International
Answer:
Joint venture
Explanation:
A joint venture is an agreement between two or more parties mostly businesses so as to share markets, intellectual property, assets, knowledge, capital, profits as well as losses. A common phenomenon in which joint venture is used is the partnering up with a local business to enter a foreign market. For example is a company that wants to expand its operations to new countries, can enter into a joint venture agreement with a local business in the new country, thus benefiting from an already existing distribution network
For Axiom International, an Australian company that wants to expand its operations to China, a country that is politically, culturally, and economically different, the mode of entry should be a joint venture with a country in china.
When negative externalities are present in a market a. private costs will be greater than social costs. b. social costs will be greater than private costs. c. only government regulation will solve the problem. d. the market will not be able to reach any equilibrium
Answer:
C. only government regulation will solve the problem.
Explanation:
An externality is a cost or benefit that occurs with an economic activity that affects third parties, who are not engaged in the activity and also they don´t have any control over it.
Externality could be of two types:
Negative externality.Positive externality.A negative externality is a cost that affects the third party by the economic activity, however, it does not affect the party who is directly engaged in the activity. It does not impact the cost of production, so production increases. The government have to take action to resolve this problem of society.
A positive externality is a benefit of an economic activity that causes good to the third parties, who are not engaged in the activity.
When negative externalities are present in a market, social costs will be greater than private costs. Government intervention can help address the issue.
Explanation:When negative externalities are present in a market, the answer is option b: social costs will be greater than private costs. Negative externalities are costs imposed on third parties who are not directly involved in the market transaction. These costs are not considered by the buyers and sellers in a market, leading to an inefficient allocation of resources. For example, pollution from a factory imposes costs on nearby residents, which are not accounted for by the factory or its customers.
Private costs refer to the costs directly incurred by the buyer and seller in a transaction, while social costs also include the external costs imposed on others. In the presence of negative externalities, private costs will be lower than social costs because the negative impacts on third parties are not internalized in the market.
In this situation, government intervention can help address the issue. By implementing regulations or imposing taxes on the polluting factory, for example, the government can internalize the external costs and align private costs with social costs. This can lead to a more efficient allocation of resources and a reduction in the negative externality.
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When analyzing a price-earnings ratio:_________.
a. A higher price-earnings ratio indicates pessimism because the price is too high compared to the earnings
b. The higher the price-earnings ratio, the more investors are paying for earnings.
c. A low ratio indicates that investors expect higher earnings in the future.
d. Price-earnings ratios are helpful when comparing two companies in the same industry, but not to the market in general.
e. The price-earnings ratio provides enough information to allow an investor to decide whether or not to invest in a particular stock.
Answer:
B. The higher the price-earnings ratio, the more investors are paying for earnings.
Explanation:
When analyzing a price-earnings ratio the higher the price-earnings ratio, the more investors are paying for earnings.
Price-earning ratio: It is a ratio of stock´s price per share to the company´s earning per share. It is a measure the share price in relative to the total earning by the company per share. Higher price earning ratio shows the higher demand for the share in the market. The investor wants to invest in the company´s share even if they have to pay a higher price per share as they anticipate better earning per share in the future. This ratio also helps in evaluating the performance of the company before investing.
Formula; Price-earning ratio= [tex]\frac{Current\ share\ price}{Earning\ per\ share}[/tex]
Rebecca is the office manager for a medium-sized production company. She writes to her boss asking if the duty of writing the weekly sales report could be shifted from Rebecca to one of the office assistants. She begins her persuasive argument by pointing out that her other responsibilities mean the report is several hours late every week, which delays her boss from sending his own report to the company executives. This is an example of:________.
Answer:
Common-ground persuasion technique
Explanation:
Where there is an overlapping of duties among staff or employees in an organization, one of the best method to resolving it is through common-ground persuation technique. It is also used to facilitate work based relationships.
The aim is to gain attention, clear all doubts about the roles of individuals and also to fasten the duties and responsibilities of employees without unecessary delay.
For this type of technique to be effective and accepted by the superior,
- the purpose through which the persuation is being sought must be understood by
-The staff seeking the persuation must be factual, trustworthy, honest and intents made in writing as in the case above.
-When employing common ground persuation technique, there must be an elements of focus and credibility on the part of the staff or employee involved.
Alphonse Company manufactures staplers. The budgeted sales price is $14.00 per stapler, the variable costs are $3.00 per stapler, and budgeted fixed costs are $12,000. What is the budgeted operating income for 4200 staplers
Answer:
$34200
Explanation:
Given: The budgeted sales price= $14 per stapler
The variable cost= $3 per stapler.
Budgeted fixed cost= $12000.
Total number of stapler= 4200.
First finding the total revenue earned by Alphonse company, if they sell 4200 staplers.
Total revenue= [tex]Sales\ price\times number\ of\ staplers[/tex]
⇒ Total revenue= [tex]\$ 14\times 4200[/tex]
∴ Total revenue= $58800
Now, calculating total cost of manufacturing stapler.
Total cost= [tex]Fixed\ cost+ variable\ cost[/tex]
Total cost= [tex]\$ 12000+ \$ 3\times 4200[/tex]
⇒ Total cost= [tex]12000+12600[/tex]
∴ Total cost= [tex]\$ 24600[/tex]
Next computing the budgeted operating income.
Operating income= [tex]Total\ revenue- Total\ cost[/tex]
⇒ Operating income= [tex]\$ 58800-\$ 24600[/tex]
∴ Operating income= [tex]\$ 34200[/tex]
Hence, $34200 is the budgeted operating income for 4200 staplers.
True or false?
1. A corporation is an entity separate and distinct from its owners.
2. As a legal entity, a corporation has most of the rights and privileges of a person.
3. Most of the largest U.S. corporations are publicly held corporations.
4. Corporations may buy, own, and sell the property; borrow money; enter into legally binding contracts, and sue and be sued.
5. The net income of a corporation is taxed as a separate entity.
All the statements are true. A corporation is a separate legal entity from its owners, has the rights and privileges of a person, can engage in transactions, and be liable, and its net income is taxed separately.
Explanation:True or false?
1. A corporation is an entity separate and distinct from its owners: This statement is True. A corporation is considered a separate legal entity from its owners or shareholders.
2. As a legal entity, a corporation has most of the rights and privileges of a person: This statement is True. A corporation can own property, enter contracts, and sue or be sued just like an individual.
3. Most of the largest U.S. corporations are publicly held corporations: This statement is True. Many of the largest U.S. corporations are publicly owned and traded on stock exchanges.
4. Corporations may buy, own, and sell the property; borrow money; enter into legally binding contracts, and sue and be sued: This statement is True. These are all rights afforded to corporations as separate legal entities.
5. The net income of a corporation is taxed as a separate entity: This statement is True. One of the disadvantages of corporations is that they are subject to what's known as double taxation: first, the corporation's profits are taxed, and then when those profits are distributed to shareholders as dividends, those dividends are taxed as personal income.
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The, all five statements are true. Corporations are separate legal entities with many of the same rights and responsibilities as individuals, and they are subject to taxation on their net income. The largest U.S. corporations are typically publicly held, and they can engage in a wide range of business activities."
"The statements provided are as follows:
1. A corporation is an entity separate and distinct from its owners.
2. As a legal entity, a corporation has most of the rights and privileges of a person.
3. Most of the largest U.S. corporations are publicly held corporations.
4. Corporations may buy, own, and sell the property; borrow money; enter into legally binding contracts, and sue and be sued.
5. The net income of a corporation is taxed as a separate entity.
Let's evaluate each statement:
1. True. A corporation is legally recognized as a separate entity from its owners, which means it can own property, incur liabilities, and have rights and duties distinct from those of its shareholders.
2. True. Corporations have many of the same legal rights as individuals. They can enter into contracts, loan and borrow money, sue and be sued, own assets, and hire employees. However, they do not have all the rights of individuals, such as the right to vote.
3. True. The majority of the largest corporations in the United States are publicly held, meaning their shares are traded on public stock exchanges and owned by a large number of shareholders.
4. True. Corporations have the ability to engage in business activities similar to those of individuals. They can acquire, hold, and dispose of property, both real and personal; they can take out loans and enter into contracts; and they can initiate or defend against lawsuits.
5. True. In the United States, corporations are taxed as separate entities at the corporate tax rate on their net income. This is distinct from pass-through entities, such as partnerships or S corporations, where income is taxed at the individual owner's tax rate.
30. Scenario: Capital An economy initially has 200 units of physical capital per worker. Each year it increases the amount of physical capital by 10%. According to the aggregate production function for this economy, each 1% increase in physical capital per worker, holding human capital and technology constant, increases output per worker by 0.25%. Reference: Ref 9-14 (Scenario: Capital) Look at the scenario Capital. If there is no inflation and output per worker is initially $1,000, what does the estimated output per worker equal after one year? $1,225 $2,500 $1,250 $1,025
Answer:
$1,025
Explanation:
An economy initially has 200 units of physical capital per worker.
Each year it increases the amount of physical capital by 10%.
Each 1% increase in physical capital per worker, holding human capital and technology constant, increases output per worker by 0.25%.
Therefore 10% increase, increases output per worker by 2.5%.
If output is initially $1,000, then the estimated output per worker after one year equal $1000 x 1.025 = $1,025
The Motorola team that developed the Razr cell phone was a good working team because they agreed on the objectives at hand and on the best approach to solve the problem. In management terms, this phenomenon is called groupthink.
True / False.
Answer:
False
Explanation:
Groupthink is when a group of individuals reach a consensus without really weighing the matter, comsequences, or whether you can have other alternatives. Groupthink takes its cue from just desiring not to upset the balance of a group of people. This in no way does not describe the Motorola team that developed the Razr cell phone. They agreed on the objectives at hand and on the best approach to solve the problem.
Answer:
False
Explanation:
In management, groupthink is just the opposite, and it is actually bad for work groups and team work. Groupthink is a negative psychological phenomenon that takes place in many different places: schools, work, sports clubs, families, etc. It basically happens when group members feel such a strong need to belong in the group and not be considered part of the outgroup, that they will accept whatever decision the leader makes or imposes. Individual members are afraid to think differently and they will not even dare to criticize any decision made by the leader because they fear the negative consequences of not obeying or complying with the group's norms.
So in this case, since the team that was in charge of developing the Razr phone was successful, then we can assume that every team member was important and participated in the project. Even though it is possible that the team members shared many ideas and values, it is highly unlikely that a team were groupthink exists is able to develop something positive. Groupthink is related to a very authoritarian leadership style, which doesn't really stand out for creativity.
Discuss one environmental benefit and one economic benefit to the city of fremont that would result from fremont having it own sanitary landfill within its city limits
Answer:
1.) less dollar spent on trucking trash to distant landfill
2.) Reduce gas consumption; local jobs
Explanation:
The actual amount to be spent on that kind of a church. The lesser dollar spent on trash to distant landfills.
Reducing the gas consumption or for instance when there is a reduce in carbon emission (climate change- temperature warned by carbon emission.
In more centralized organizations employees at all levels of the organization are involved in the decision-making process.
A. True
B. False
Answer:
B, False
Explanation:
A centralized organization can be defined as a decision-making process in which decisions are made and handled by the top executives of the organization.
This means that only employees in the highest of hierarchy in an organization are involved in the decision-making process rather than every employee in the organization. Decisions made by the top executives are to be followed by the other employees in the organization.
Cheers.
PLEASE HELP
1. Which of the following is not a core module of accounting?
Accounts receivable
Accounts payable
Debt collection
Purchase orders
2. What is a general ledger also known as?
A normal ledger
A nominal ledger
An enumerated ledger
None of the above
3. Which of the following is not one of the seven basic accounting categories?
Asset
Gains
Losses
Investment
1. This is not a core module of accounting C. Debt Collection. Debt Collection falls under the Accounts Receivable accounting module.
In short, Debt Collection is a financial management practice and not an accounting module like Accounts Receivable, Accounts Payable, and Payroll.
Accounting modules are parts of the accounting information system.
2. A general ledger is a B. A nominal ledger.
The general ledger is not a specialized ledger like the Accounts Receivable and Accounts Payable Ledgers, also known as Subsidiary Ledgers.
3. This is not one of the seven basic accounting categories D. investment.
The seven basic accounting categories include assets, liabilities, equity, gains, losses, expenses, and income (revenue).
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Dove wanted to do more than just sell its beauty care products. The company was on a quest to discover "real beauty" and help women be happy just the way they are. As a result, the Dove Campaign for Real Beauty was successfully launched in 2004. Which of the following types of marketing did Dove use?
A) mission
B) channel
C) value
D) public communication
E) social
If an organization wants to encourage executives to act to increase the value of the company over time, it should provide ______. a. social loafers b. golden parachutes c. executive stock incentives d. intrinsic rewards
Answer: Executive stock incentives are provided to executives to act to increase the value of the company over time.
Explanation:
Executives play a vital role in running the business. They exercise the duties with the help of their skill expertise in increasing the profits margin by appreciating the value of the stock for every quarter of the year. The results of stock values are published with the achievements of the Higher level Executives. The strategies handled by all the executives in all the Departments are closely monitored by the CEOs.
CEOs' encourages the work plan of executives by providing the shares incentives to them. It will motivate executives. It will in turn increase the value of firms in all Stock exchange units. The reward of Executive stock incentives also acts promotional activities of all the companies in boosting up the sales margin of all the firms.
Which factor is the least affected by interest rate changes?
A. business costs
B. prices
C. GNP
D. earnings from abroad
Answer:
Option C. GNP
Explanation:
The business cost and the price of the product is of-course get affected by the increase or decrease in the interest rate. So both of these options are the answer to the question.
The GNP measures the value of the products and services that is owned by the country's residents which also includes the production output in warehouse, individual product holdings, etc. for the year. So GNP is least affected by the interest rate changes.
Though the value of the major investments in the foreign country can not be affected easily. Other factors that also effect the earnings from the abroad are profitability, dividend policy, taxes, etc that affects the earnings from the foreign countries. However the small investments would definitely be affected by the investments made in the foreign stock exchange with the change in the interest rate in the home country. So this change in the interest rate would definitely affect the earnings coming from abroad as the investment in foreign countries has been lessened. So can have considerable affect on the earnings coming from abroad.
Answer:
D. earning from abroad
Explanation:
PLATO
Is this Price Discrimination?
Southeast Airlines offers domestic flights to a variety of U.S. cities. The company's last-minute flight discount service, Ping, can be downloaded for free from its website. Each day, Ping will alert users to that day's deals. These deals are available for a short period of time and are good for travel only between certain locations during specified travel periods. Therefore, business travelers tend not to take advantage of these offers.
Answer:
Yes.
Explanation:
Price discrimination is when a company fix different prices for same product to different customers. It is premised on the fact that buyers or customers in certain range could be made to pay higher or lower according to how valuable the products are to them.
Companies involve in price discrimination in order to separate consumer market that is more profitable rather than keeping both profitable and non profitable consumer market.
Example of price discrimination is selling of product X at a lower price in market A and selling same product at a higher price in another market.
Coral supervises a group of customer service representatives. Coral is respected and well liked by her staff, and she has worked hard to make sure each of them knows how to do their job well. She is responsible for all staffing and reward decisions in her department. Coral has ________ in the contingency model.
Answer:
B. High situational control
Explanation:
Leaders or managers in high situational control have the powers to distribute resources amongst members, have clear task and also have the ability to reward or punish members under them. In this scenario, the leader member relationship is high which is a big attribute of high situational leaders as they are relationship oriented leaders. Also, the task structure and position power is high because of the job routine and how she held legitimate power respectively.
The coral supervisors are a group of customers service representatives. The company is well respected and liked by the staff. The people work hard and know to make sure they do their job well.
Coral manages and employs are quite responsible and all decisions in the department are taken by the heads. As per the contingency, model corals is placed in a high situational control That is capable of leading the team and can make any tasks faultable.Hence the option B is correct.
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Select the correct answer.
What is brainstorming?
Answer:
(A) Making a list of ideas that come up on the spot, without rejecting any of them.
Explanation:
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Which of the following is true for a constant growth stock whose market value is equal to its intrinsic value? a. The stock's expected return is less the required return. b. The stock's dividend yield is equal to it's growth rate. c. The stock's expected return exceeds the required return. d. The stock's expected and required return are the same.
Answer:the stocks expected and required return are the same
Explanation:
The true statement regarding when the market value should be equivalent to the intrinsic value is option d.
What is constant growth stock?It is the stock where the dividend and earnings should be presume to grow at the constant or the same rate. In the case when the market value should be equivalent to the intrinsic value so here the expected value of the stock and the required return should be the similar.
So based on this, we can say that the option d is correct.
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Sherman Peabody earns a monthly salary of ​$1,500​, which he receives at the beginning of each month. He spends the entire amount each month at the rate of ​$50 per day.​ (Assume 30 days in a​ month.) The interest rate paid on bonds is 6 percent per month. It costs ​$4 every time Peabody sells a bond. The optimal average level of money holdings is the amount that _________.
Answer: A. maximizes the profits from money management.
Explanation:
The optimal average level of money is indeed the amount that maximises profit from money management.
Money management is essentially taking charge of your money and ensuring that you manage it in such a way as to limit unnecessary expenses whilst growing money through measures such as budgeting, investing and expenses tracking.
With Mr Peabody's income and other financial constraints, the optimal average level of money will be the most he can maximise from managing his money.
XYZ borrowed $50,000 this year. Half of the loan will be repaid next year and the remainder will be paid the following year. How will the $50,000 be reported on its balance sheet at the end of this year? (Check all that apply.)
Answer:
The answer is given below;
Explanation:
XYZ
Extracts from Balance Sheet
As at XXXXX
Current Liabilities
Current portion of long term loan *$25,000
Long Term Liabilities
Long Term Loan $25,000
As the 50% of the loan will be repaid in next year, therefore ($50,000/2) will be shown in current liabilities. The rest of the loan is shown as long term loan as it will be repaid after 12 months.
Answer:
Under current liabilities you must record:
Current portion of long-term debt (CPLTD) $25,000
Accrued interest payable XXX (the interest rate is not given)
Under long term liabilities you must record:
Long-term debt (LTD) $25,000
Explanation:
Current portion of long-term debt (CPLTD) account in the balance sheet is used to report the amount of long-term debt principal that is due within a year. Accrued interest expense must be recorded separately, since interests and principal must be treated separately.
The following information pertains to Lance Company.
1. Cash balance per bank, July 31, $7,328.
2. July bank service charge not recorded by the depositor $38.
3. Cash balance per books, July 31, $7,364.
4. Deposits in transit, July 31, $2,700.
5. $2,016 collected for Lance Company in July by the bank through electronic funds transfer. The collection has not been recorded by Lance Company.
6. Outstanding checks, July 31, $686.
A. Prepare a bank reconciliation at July 31, 2017.
B. Journalize the adjusting entries at July 31 on the books of Lance Company.
Answer:
Bank Reconciliation statement :
Cash balance as per Bank - - - - - $7328
Add: Deposit in transit - - - - - - - - $2700
Less: Outstanding checks - - - - - - $686
Adjusted cash balance - - - - - - - $9342
Cash balance as per Book - - - - - $7364
Add: Electronic Fund transfer - - - $2016
Less: unrecorded service charges-- $38
Adjusted cash balance - - - - - - - - - $9342
B.)
Dr. Cash................................2,016
Cr. Bank.........................................2,016
Being Cash Receipt by funds transfer not captured in Cash book
Dr. Bank Charges.............................38
Cr. Cash.....................................................38
Being Bank Charges for the month of July
Explanation:
Bank Reconciliation statement :
Cash balance as per Bank - - - - - $7328
Add: Deposit in transit - - - - - - - - $2700
Less: Outstanding checks - - - - - - $686
Adjusted cash balance - - - - - - - $9342
Cash balance as per Book - - - - - $7364
Add: Electronic Fund transfer - - - $2016
Less: unrecorded service charges-- $38
Adjusted cash balance - - - - - - - - - $9342
B.)
Dr. Cash................................2,016
Cr. Bank.........................................2,016
Being Cash Receipt by funds transfer not captured in Cash book
Dr. Bank Charges.............................38
Cr. Cash.....................................................38
Being Bank Charges for the month of July
Some of the mangos from your neighbor's mango tree drop into your yard. You don't like mangos and the fallen mangos make it harder to mow your lawn. Your neighbor values the tree at $300, and your cost of dealing with it is $500. If your neighbor has the legal right to keep the tree, what would be an efficient outcome according to the Coase theorem?
A. Your neighbor pays you $400 to not have the tree cut down.
B. Your neighbor pays you $200 to not have the tree cut down.
C. You pay yur neighbor $400 to cut the tree down.
D. You call city officials to have the tree cut down.
Answer:
A.
Explanation:
Your neighbor pays you $400 to not have the tree cut down
Motor Vehicle Assembly Corporation operates a plant near the border between the United States and Mexico. Due to the location, it would be easier for the company to employ noncitizens. In this circumstance, it is legal for a U.S. employer to:
(A) hire persons not authorized to work in the United States.
(B) recruit persons not authorized to work in the United States.
(C) refer for a fee persons not authorized to work in the United States.
(D) none of the choices
Answer:
D, none of the choices
Explanation:
Because the Motor Vehicle Assembly plant operates near the border between the United states and Mexico, it is illegal for a U.S employer to employ, hire or refer any individual without authorization to work in the United States. Both the employer and the illegal employees will be facing the wrath of the law.
Cheers.
Medical Accounts Collection enters into a contract to employ Natalie as a billing and credit manager for two years. During the first year, Natalie is often absent without explanation and when present fails to adequately do her job. Refer to Fact Pattern, Natalie’s performance most likely:
A. undercuts Medical Accounts’ duties under the contract.B. has no effect on Medical Accounts’ performance.C. discharges Medical Accounts from the contract.D. suspends Medical Accounts’ duty to perform.
Answer:
Correct option is (C)
Explanation:
A contract is held valid if both the parties to the contract fulfill their obligations and responsibilities. Even if one of the parties fail to perform their obligations, the other party to the contract is discharged of the contract.
Here, Natalie failed to perform the main aspect of the contract which is to do her job adequately. So, Medical Accounts is discharged from the contract by law.
The makers of a health-food cereal increased sales by offering a $2 rebate to purchasers. Sales rose during the rebate period, then fell below pre-rebate sales numbers when the rebate ended. The author of your textbook would explain this by suggesting that ________
Answer:
since there was a rebate, most of the consumers were influenced by price and not by the quality or the healthiness of the cereal product.
so during the rebate period, the consumers bought more since they were sensitive to price, when the rebate ended suddenly, the demand and purchases dropped since people were no longer interested in the product and possibly went on to purchase substitutes.
in a more technical way, we can say that "Extrinsic rewards decreased the intrinsic value customers placed on the cereal"
Explanation:
Why might a country choose to devalue its currency?
Answer:
to encourage export
Explanation:
Devaluation is the term used to describe the official reduction in the value of a country's currency compared to other currency.
Currency devaluation is always at the descretion of the currency regulatory body in a country. One of the reason for currency devaluation is to encourage export which helps to bring down trade deficit.
When a country notices trade imbalance, devaluation comes into play. The cost of exporting goods becomes lower when a country's currency is devalued hence cost of importing becomes higher. Consumers will not be able to purchase imported goods due to its high cost thereby improving local businesses.
When a country's export is greater than its import, then there would be a reduction in trade deficit as a result of better balance of payment, thereby making the country's export more competitive in the global market.
A country might devalue its currency to improve competitiveness in international trade and reduce trade deficits, influenced by the dynamics of international financial markets and potential capital flows. However, such decisions must be weighed against the risks of inflation and economic instability.
Explanation:A country might decide to devalue its currency for several reasons, often related to enhancing its position in international trade. Devaluation can make a country's exports cheaper and more competitive in global markets, which can help in reducing trade deficits. However, such a strategy is not without risks and can potentially lead to inflation and destabilization of the local economy if not managed properly.
International financial markets are dynamic, and currencies can be affected by the flow of foreign capital. For instance, if a country experiences a sudden outflow of international capital, it can lead to currency devaluation, possibly causing a banking crisis and even recession. This phenomenon was evident in the late 1990s and early 2000s in some Asian countries.
Additionally, anticipated currency depreciation can lead investors to divest from that currency, further reducing its value. And if foreign investors become less willing to hold a country's assets, it can trigger a demand decrease for that currency and a rapid devaluation, which could exacerbate trade deficits or even cause a speculative attack as seen in historical currency crises.
Therefore, countries may devalue their currencies intentionally to improve trade balances, but they must carefully consider the potential for negative economic impacts, such as possible increased consumption costs and the risk of inflation.