Answer:
The email message can be read again for further reference by Leona.
Explanation:
The oral communication tends to he an effective way to give a message, however sometimes it can present difficulties. The oral communication can be misunderstood when there are phonetic expressions or physical expressions that might confuse to the person who receives the message.
The email or written communication is a more formal way to give a message, the person who receives the message can read it multiple times avoiding mistakes, furthermore, when there is a written message the person who wrote it selected the word and refine the information making it clear and easy to read.
Instructing Leona through an e-mail would have provided clear documentation, reduced the risk of miscommunication, and ensured that all team members had access to the same information. Emails are a critical part of business communication, serving as a reliable reference for detailed instructions and expectations.
Joshua's decision to instruct Leona orally led to a misunderstanding, which could have been avoided with written communication such as an e-mail. E-mails serve as a clear record of instructions and can reduce the miscommunication that often occurs with oral instruction. This is particularly important when a task involves complex details or nuances that may be lost or misinterpreted in speech. Additionally, Leona and her team members could refer back to the e-mail to ensure they understood and fulfilled the instructions correctly. An e-mail would also allow Joshua to outline specific expectations or strategies for making the office more environment-friendly, which is different from simply minimizing resource usage.
Written communication ensures that there is clear documentation that can be referenced later, minimizes the potential for misunderstanding, and can be shared easily among team members to ensure everyone has the same information. This is consistent with business best practices, which recommend establishing a clear structure within project teams and require clear and unambiguous communication to prevent management nightmares and misinterpretations.
Which of the following individuals is defined as an "agent" under the Uniform Securities Act? I An individual who represents a broker-dealer selling exempt securities to the public II An individual who represents a broker-dealer selling securities listed on a national stock exchange III An individual who represents an issuer in an exempt transaction IV An individual who represents an issuer in a transaction with existing employees without accepting a commission A I and II only B III and IV only C I, II, IV D I, II, III, IV
Answer:
I think it would be the first one to be honest
Sunny Pines campground, located in the Midwest, promotes the months of September and October as its value camping months. During this time, it offers reduced rates on camper rentals and campgrounds. It does this, in part, because the weather is not as favorable for camping at this time. The pricing tactic Sunny Pines is using to encourage camping during these months is most likely ______ .
Answer:
The pricing tactic used by Sunny pines to encourage camping during the months of September and October is SEASONAL DISCOUNTS.
Explanation:
Seasonal discounts are also a type of discount where customers are offered products and services at a reduced or lower price. Various business use this type of discount to boost the sale of their products and services. Sunny pines is also doing the same thing , they're offering seasonal discounts to customer for the month of September and October , when the weather is not favorable for camping, so by doing this they are trying to increase sale of their products and services in a time when usually there is not that much of customers available.
Sunny Pines campground, located in the Midwest, promotes the months of September and October as its value camping months. During this time, it offers reduced rates on camper rentals and campgrounds. It does this, in part, because the weather is not as favorable for camping at this time. The pricing tactic Sunny Pines is using to encourage camping during these months is most likely seasonal pricing.
The pricing tactic that Sunny Pines campground is using to encourage camping during the months of September and October is most likely seasonal pricing. Seasonal pricing involves adjusting prices based on the time of year, reflecting changes in demand due to factors like weather.
During September and October, the weather is less favorable for camping, which typically reduces demand. By offering reduced rates, Sunny Pines can attract more campers during this off-peak period, making it a win-win situation for both the campground and the campers looking for **value camping** opportunities.
Examples of seasonal pricing can also be seen in other industries, such as retail sales during the holidays or travel discounts during the off-season. These strategies help businesses maximize occupancy and sales throughout the year.
What effect will each of the following have on the demand for small automobiles such as the Mini-Cooper and Fiat 500?A. Small automobiles become more fashionable: IncreaseB. The price of large automobiles rises (with the price of small autos remaining the same): IncreaseC. Income declines and small autos are an inferior good: IncreaseD. Consumers anticipate that the price of small autos will greatly come down in the near future: decreaseE. The price of gasoline substantially drops: Cannot be determined
Answer: The explanation are as follows:
Explanation:
(A) If small automobiles become more fashionable then this will attract the consumers attention towards small automobiles. So, this will increase the demand for the small automobiles.
(B) If the price of large automobiles rises and the price of small automobiles remains the same. They both are substitute goods. So, the demand for small automobiles increases as the price of its substitute goods increases.
(C) If small automobiles are inferior good and there is reduction in the income of consumers. This will increase the demand for small automobiles as the income of the consumers decreases.
(D) If consumers anticipate that the price of small autos will greatly come down in the near future then they stop buying small automobiles today. So, the demand for small automobiles decreases because consumers waiting for the lower price in the near future.
(E) Gasoline and small automobiles are complementary goods, therefore, if the price of gasoline substantially drops, as a result demand for small automobiles increases.
The effects of change in demand for small automobiles such as Mini-Cooper and Fiat 500 in each of the following cases will be as -
When there is a change in the tastes and preferences of the consumer to consume fashionable goods, the demand for small automobiles in fashion will ultimately increase for the period. Small and large automobiles are substitute goods. If the prices of substitute increase, which is large automobiles in this case, there will be an increase in the demand for the small automobiles. Lowered consumer income will shift consumer's mentality to consume more inferior goods. Here, the demand for small autos being an inferior good will increase. If there is a mental bias in the minds of a rational consumer that the prices for small autos will be decreased in the near future then, in such case, a rational consumer will wait for prices to decrease and the demand for the current period will be lowered. Automobiles run on gasoline fuels. So, they are complimentary goods. If the costs of driving small autos is decreased, this will lead to an increase in demand for small autos. How does a change in demand for a commodity take place?A change in demand for a product is dependent on a change in various external factors like consumer's income, preferences, prices of substitutes and complimentary goods and many such factors.
In the above example, we have seen either an increase or decrease in the demand for the small autos in different conditions when it is assumed that there is no change in the prices of small autos in the current market.
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Which of the following statements is correct? Federal deficits were larger in the early 2000s than in the late 2000s. Deep tax cuts always expand tax revenues and reduce the public debt. The public debt has usually declined during wartime. There is a tendency for the public debt to grow during recessions.
Answer: The correct answer is "There is a tendency for the public debt to grow during recessions."
Explanation:
When the economy of a country is in recession it indicates that economic activity decreases. When this happens, the country stops producing and selling enough goods and services to pay its debts without incurring more debt.
Final answer:
The statement that public debt tends to grow during recessions is correct, as evidenced by larger budget deficits during the early and late 2000s crises.
Explanation:
The correct statement among the options provided is: There is a tendency for the public debt to grow during recessions. This is supported by historical evidence that shows during the early 2000s, tax revenues decreased due to a recession that started in March 2001. Subsequent tax cuts and increased government spending on defense, healthcare, and social programs contributed to the return of budget deficits. Significantly large deficits were recorded during the severe recession of 2007-2009 when spending increased further, and tax revenues fell to notably low levels.
Suppose you win a small lottery and have the choice of two ways to be paid: You can accept the money in a lump sum or in a series of payments over time. If you pick the lump sum, you get $2,850 today. If you pick payments over time, you get three payments: $1,000 today, $1,000 1 year from today, and $1,000 2 years from today. At an interest rate of 9% per year, the winner would be better off accepting the , since that choice has the greater present value. At an interest rate of 11% per year, the winner would be better off accepting , since it has the greater present value. Years after you win the lottery, a friend in another country calls to ask your advice. By wild coincidence, she has just won another lottery with the same payout schemes. She must make a quick decision about whether to collect her money under the lump sum or the payments over time. What is the best advice to give your friend? The lump sum is always better. The payments over time are always better. It will depend on the interest rate; advise her to get a calculator. None of these answers is good advice.
Answer:
The correct answer would be option A, The lump sum is always better.
Explanation:
If I would have to give advice to my friend who is in the same situation as i was in some time back, I would recommend him to go for the Lump sum choice. This is because of the fact that the interest rate compounded in three years payment schedule will result in the less value of what I am getting today. Accepting the lump sum value in contrast with accepting the yearly payments on 9% interest rate would be better off because it has more value at present.
International flows of funds can affect the Fed's monetary policy. For example, suppose that interest rates are trending lower than the Fed desires. If this downward pressure on U.S. interest rates may be offset by ____ of foreign funds, the Fed may not feel compelled to use a ____ monetary policy.
Answer:
International flows of funds can affect the Fed's monetary policy. For example, suppose that interest rates are trending lower than the Fed desires. If this downward pressure on U.S. interest rates may be offset by outflows of foreign funds, the Fed may not feel compelled to use a tight monetary policy.
Explanation:
A Tight Monetary Policy is when the central bank tightens policy or makes money tight by raising short-term interest rates through policy changes to the discount rate, also known as the federal funds rate. Boosting interest rates increases the cost of borrowing and effectively reduces its attractiveness.
Outflows of foreign funds or the flight of assets occurs when foreign and domestic investors sell off their holdings in a particular country because of perceived weakness in the nation's economy and the belief that better opportunities exist abroad.
The reasoning is as follows, the rate is down in the USA so holders of assets look for better rates abroad as a consequence there is less money in the US domestic economy and automatically the rate tend to rise (remember that interest rate is the price of money). If there is less supply of something the price of that something will go up (ceteris paribus). The same thing will happen to the interest rate without the intervention of the FED.
You are a project manager for Star Light Strings. Star Light manufactures strings of lights for outdoor display. Its products range from simple light strings to elaborate lights with animal designs, bug designs, memorabilia, and so on. Your newest project requires a change. One of the business unit managers submitted a change through the change control system, which utilizes a CCB (Change Control Board). Which of the following is true regarding the CCB? (A) The CCB approves or denies change requests (B) Corrective action (C) Changes control system (D) Configuration management
Answer: the correct answer is (D) Configuration management.
Explanation:
Configuration management is a systems engineering processing for setting up and keeping consistency of a product outcome.
The Change Control Board (CCB) is responsible for approving or denying change requests and ensuring that each change is properly documented and aligned with quality assurance measures.
The CCB, or Change Control Board, within the framework of project management and specifically in the context of Star Light Strings manufacturing company, is a group tasked with reviewing, approving, or denying change requests to ensure projects adhere to their designated scope, time, and cost constraints.
They ensure that any change that is approved is properly documented, has gone through the proper review and approval process, and that all obsolete documents are archived with the new versions being implemented effectively and efficiently. The responsibility of the CCB includes ensuring quality assurance by preventing defects and guaranteeing the success of the change in accordance to the company's established procedures.
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Megan, Uma, and Ricardo all work for the same car insurance company. Megan is a Sales Agent, Uma is an Underwriter, and Ricardo is an Accident Investigator. Which tasks do all three employees perform?
A.selling insurance policies to customers and using math and statistics to judge the level of risk a customer represents
B.using math and statistics to judge the level of risk a customer represents and using computers and other office technology
C.maintaining and organizing customer information and using computers and other office technology
D.gathering, analyzing, and documenting information about incidents and maintaining and organizing customer information
Answer:
D.gathering, analyzing, and documenting information about incidents and maintaining and organizing customer information
Answer:
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Explanation:
Thyme, Inc. owns 16,000 of Sage Co.'s 20,000 outstanding common shares. The carrying value of Sage's equity is $500,000. Sage subsequently issues an additional 5,000 previously unissued shares for $200,000 to an outside party that is unrelated to either Thyme or Sage. What is the total noncontrolling interest after the additional shares are issued?
Answer:
The total non controlling interest after the additional shares are issued is equal to $252,000.
Explanation:
Before the issue Sage co's had 20,000 shares with total equity value of $500,000. After the issue of 5000 shares worth $200,000, the total number of shares and equity would be -
Total number of shares = 25,000 ( 20,0000 + 5000 )
Total equity value = $700,000
Now Thyme inc owns 16,000 number of shares , which means that minority holds 9000 number of shares . Now the price per share would be =
TOTAL EQUITY / NUMBER OF SHARES
$700,000 / 25,000
= $28
NON CONTROLLING INTEREST = Minority shares x Price per shares
= 9000 x $28
= $252,000
The noncontrolling interest of Sage Co. after Thyme Inc.'s ownership is diluted by the issuance of new shares remains at 20%, which translates to 5,000 of the total 25,000 shares.
The noncontrolling interest in a company represents the ownership stake of the minority shareholders who do not have control over the company's operations, which is usually anyone owning less than 50% of the company's equity. To calculate noncontrolling interest after new shares are issued, we look at the percentage of the company that is owned by the minority shareholders.
In this scenario, Thyme, Inc. owns 16,000 of Sage Co.'s original 20,000 common shares, or 80%. After Sage issues 5,000 new shares to an outside party, the total number of shares becomes 25,000. Thyme's ownership is diluted to 16,000/25,000 = 64%. Noncontrolling interest initially owned 4,000 out of 20,000 shares which is 20%. But since new shares are issued to other parties and not noncontrolling interests, the percentage interest of the noncontrolling interest remains the same but the denominator now changes to the new total of 25,000 shares.
Therefore, the total noncontrolling interest after the additional shares are issued would be 20% of Sage Co., which translates to (25,000 shares * 20%) = 5,000 shares.
Brittany Furniture manufactures two products: Couches and Beds. The following data are available: Couches Beds Sales price $700.00 $900.00 Variable costs $350.00 $400.00 The company can manufacture two couches per machine hour and one bed per machine hour. The company's production capacity is 900 machine hours per month. What is the contribution margin per machine hour for couches based on the company's product mix?
Answer:
Contribution margin for couches is $700 per machine hour
Explanation:
Contribution = Sales Price - Variable Cost
Contribution per unit of Couches = $700 - $350 = $350
Total units in one hour = 2
Contribution per unit of Bed = $900 - $400 = $500
Total units in one hour = 1
Contribution per machine hour for couches = Contribution per unit of couches X number of units in one hour = $350 X 2 = $700 per machine hour.
Contribution margin for couches is $700 per machine hour.
The correct option is D., "$700", as the contribution margin per machine hour for couches is calculated by multiplying the contribution margin per unit by the number of units produced per machine hour.
For couches, this results in a contribution margin of $700 per machine hour, making the correct answer option D.
To determine the contribution margin per machine hour for couches, we need to understand the basic elements of contribution margin. The contribution margin for a product is calculated as the sales price minus the variable costs.For couches:
Sales price: $700.00Variable costs: $350.00The contribution margin per unit for couches is calculated as:
Contribution Margin per Unit = Sales Price - Variable CostsContribution Margin per Unit = $700.00 - $350.00 = $350.00The next step is to calculate the contribution margin per machine hour. Since the company can manufacture two couches per machine hour, we multiply the contribution margin per unit by the number of units produced per machine hour.Contribution Margin per Machine Hour = Contribution Margin per Unit * Units per Machine HourContribution Margin per Machine Hour = $350 * 2 = $700.00Therefore, the contribution margin per machine hour for couches is option D: $700.Full Question:
Brittany Furniture manufactures two products: Couches and Beds. The following data are available Sales price Variable costs Couches $700.00 $350.00 Beds $900 00 $400 00 The company can manufacture two couches per machine hour and one bed per machine hour. The company's production capacity is 900 machine hours per month What is the contribution margin per machine hour for couches based on the company's product mx?
A. $650
B. $500
C. $1,000
D. $700
The three contemporary management perspectives are the ______ viewpoints. Multiple Choice quality management, behavioral, and customer systems, scientific, and contingency systems, contingency, and quality management diversity, quantitative, and qualitative contemporary, noncontemporary, and behavioral
Answer:
B) systems, contingency, and quality management
Explanation:
The three contemporary management perspectives are the systems, contingency, and quality management viewpoints.
The three contemporary management perspectives are the functional perspective, symbolic interactionist perspective, and conflict perspective.
Explanation:The three contemporary management perspectives are the functional perspective, symbolic interactionist perspective, and conflict perspective.
The functional perspective focuses on hierarchical roles within an organization, while the symbolic interactionist perspective takes a more holistic view. The conflict perspective addresses large-scale issues facing groups, while also examining more detailed aspects.
These perspectives provide different viewpoints and frameworks for understanding management and organizational behavior.
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Suppose your credit card issuer states that it charges a 15.00% nominal annual rate, but you must make weekly payments, which amounts to weekly compounding. what is the effective annual rate? 15.27% 16.08% 16.16% 16.56% 18.61%
Answer:
16.16%
Explanation:
The multiplier each week is ...
1 + 15%/52
So the multiplier after 52 weeks is ...
(1 +.15/52)^52 ≈ 1.1615834
This corresponds to an effective annual interest rate of 16.16%.
Answer:
16.16%
Explanation:
Given that:
A credit card issuer states that it charges a 15.00% nominal annual rate = 0.15
And which you must make weekly payments i.e weekly compounding, Therefore, there are 52 periods in a year.
The Effective annual rate (EAR) can be calculated by the formula;
[tex](EAR) = (1+\frac{annual rate}{number of periods})^{number of periods} -1[/tex]
= [tex](1+\frac{0.15}{12})^{52} -1[/tex]
∴ we have;
= (1 + 0.002885)⁵² - 1
= (1.002885)⁵² - 1
= 1.16160656 - 1
= 0.16160656
= 16.160656 %
≅ 16.16 %
∴ The effective annual rate (EAR) = 16.16%
Real estate agents promoting a new recreational development offer a free breakfast and the opportunity to win a trip to Hawaii for attending a short sales promotion meeting. It would appear they are using the _______________ persuasion technique.
Answer:
Here the real estate gents are using the rule of reciprocity persuasion technique.
Explanation:
Reciprocity is one of the persuasion technique , and reciprocity is also know a s one of the important principles of influence. According to the rule of reciprocity, people usually hates it when they feel indebted to others, so when people receives any favors from others they feel obliged to return those favors.
Same thing is happening here as real estate agents are trying to return favor to the people who are going to attend their sales promotion meeting.
A well-known Hollywood actress owns a home in Beverly Hills and another one on the French Riviera. She owns her own movie production company along with a large stock portfolio. The total of the different things she owns is considered her
Answer:
All these things that she owns will be considered as her wealth
Explanation:
An individual's material possessions such as land, savings, stocks and other such property is categorized as his/her wealth.
Here, the two houses, production company and portfolio stocks, all will be considered her wealth.
The salaries and wages of the person, on the other hand is considered his/her income.
A person with lot of wealth is considered wealthy.
The total of different things the actress owns, including her homes, movie production company, and stock portfolio, is considered her net worth. Net worth is the value of all assets minus any debts or liabilities.
Explanation:The total value of the different things the actress owns is considered her net worth. This includes her real estate properties in Beverly Hills and the French Riviera, the total value of her movie production company, and her stock portfolio. In general, a person's net worth is the total assets they own (such as houses, cars, companies, and stocks) minus any debts or liabilities they may have.
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Some people want healthy cereal that will help them lose weight or possibly prevent certain kinds of cancer. Some want presweetened cereal. Some want fruits and nuts in their cereal. Some people want whole wheat cereal while others want rice cereal. There are some who like hot cereal and others who like to eat their cereal right out of the box. The diversity of consumers for cereal is an example of ________.
Answer:
Some people want healthy cereal that will help them lose weight or possibly prevent certain kinds of cancer. Some want presweetened cereal. Some want fruits and nuts in their cereal. Some people want whole wheat cereal while others want rice cereal. There are some who like hot cereal and others who like to eat their cereal right out of the box. The diversity of consumers for cereal is an example of Market Fragmentation.
The diversity in cereal consumer preferences exemplifies market differentiation. Claims that cereal consumption causes healthy weight can be misleading without experimental evidence to show causation. Income and advertising also influence consumer demand and preferences.
Explanation:The diversity of consumers for cereal is an example of market differentiation and consumer preferences. Companies may claim a correlation between eating cereal and weight as a causation for healthy weight to promote their products. This can be a misleading cause-and-effect claim because correlations do not prove causation. Other factors may contribute to a person's weight, such as lifestyle choices or the likelihood that someone at a healthy weight may choose cereal regularly. It's essential to conduct an experiment to establish causality rather than rely on correlational studies.
Preferences are influenced by many factors such as advertising, social trends, or new experiences. Additionally, a person's income affects their demand for goods. As income increases, so typically does demand. Moreover, the role of advertising in promoting product differentiation in a market-oriented economy is a point of debate among economists. While some view the extensive variety as socially wasteful, others argue that differentiated products provide substantial benefits to consumers.
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Stephanie would like to study abroad for a year before graduating from college. She would like to live someplace that is close to her native country of Ireland in terms of development because she will need to use the Internet for many of her classes. She can choose from programs in three countries. What could she use to measure the economic performance of the three countries?A. Productivity and Gross Domestic Productivity.B. Marketing measures.C. Gross Domestic Product.D. Accounting processes.
Answer:
C. Gross Domestic
Explanation:
To study the level of development of a nation it is necessary to observe its main economic and social indicators. The main indicator is GDP, which measures the sum of a nation's wealth produced over a given period of time. She could also analyze the HDI, as this indicator measures the quality of life in the country.
Aiden just landed a new full time job with a great salary. He currently lives in Virginia, but his new job is in Oregon. One of the advantages of his new job, is that he will receive relocation assistance from the new company. This eases the price of moving across the country and has Aiden excited to start fresh on the West coast. This is an example of a:
Answer:
benefit in terms of monetary assistance for relocating as there will be huge cost incurred by Aiden in relocation, as this is also important to relocate as the distance is too much that daily travelling is not possible, and for him Oregon is a new city and finding an accommodation is itself challenging therefore, when company at-least reimburses such cost of relocation it turns easy and removes a burden for relocation. Further this cannot be considered as wage or perk as this is not regular in nature and will not occur permanently.
Relocation assistance is the subject of this question, which is an example of a company offering support to an employee for moving to a new location for a job.
Explanation:This is an example of relocation assistance. It is a benefit provided by a company to its employees to help cover the costs of moving to a new location for work. In this case, Aiden's new job in Oregon is offering relocation assistance to help him with the expenses of moving from Virginia to Oregon.
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The purpose of sobriety checkpoints that are set up by community and state police is to deter drunk driving and ultimately save lives. While not mandated, the makers of Blackberry have complied with the public request of several legislators and have obediently removed apps that permit smartphone users to navigate around the checkpoints. Google and Apple have elected not to honor such requests. After studying about ethics and social responsibility, which of the following statements applies to this situation?A.Laws represent the minimum guidelines that companies must follow, whereas a firm’s ethical stance may venture beyond the minimum level of compliance.B.Google and Apple are showing corporate social responsibility because they demonstrate concern for their investors, which is exactly where their focus should be.C.Blackberry is acting philanthropically toward government.D.Google and Apple are showing their distrust for big government, and their avoidance of contributing toward philanthropic causes.
Answer: After studying about ethics and social responsibility, the following statements applies that Google and Apple are showing corporate social responsibility because they demonstrate concern for their investors, which is exactly where their focus should be.
i.e. Corporate social responsibility is vital, self-regulating model that further eases and helps an organization be socially responsible to itself, its stakeholders, and the public.
In the aftermath of the 2007–2009 recession, the U.S. national debt rose to record levels as the federal government used expansionary fiscal policy to speed up the economic recovery. This led some politicians to propose a significant reduction in the size of government in order to balance the budget. Would such a policy be expansionary or contractionary in nature? What factors would determine whether or not such a policy would harm economic growth?
First, we must classify fiscal policy, which may be contractionary when the government wants to cool the economy, or expansionary when the government wants to stimulate the economy.
In the 2008 crisis, the government increased its spending to stimulate the economy, so the government adopted an expansionary fiscal policy.
However, rising spending has made the state swell. The purpose of reducing the size of the state to balance the budget is a contractionary policy aimed at reducing the state's spending.
Both policies can stimulate the economy if done at the right time. In the context of the crisis, it makes sense to increase government spending. However, after the economy improves, to stimulate the economy, the state must have a balanced budget. This is essential for attracting private investment and increasing the economy's productivity.
Which of the following statements is correct? a. Internalizing a negative externality will cause an industry to decrease the quantity it supplies to the market and decrease the price of the good produced. b. Internalizing a negative externality will cause an industry to decrease the quantity it supplies to the market and increase the price of the good produced. c. Internalizing a negative externality will cause an industry to increase the quantity it supplies to the market and decrease the price of the good produced. d. Internalizing a negative externality will cause an industry to increase the quantity it supplies to the market and increase the price of the good produced.
Answer:
The answer is (A) Internalizing a negative externality will cause an industry to decrease the quantity it supplies to the market and decrease the price of the good produced.
Explanation:
A negative externality is commonly defined as the cost that a third party (also known as consumers) must pay when they chose to be involved in a transaction. This cost is not directly incurred – rather, it is a side effect of the transaction the consumers chose to engage in. An example would be – by choosing to purchase gasoline, the consumers create an additional cost of air pollution when using the product. When an economic firm chose to internalize a negative externality – they would choose to decrease the production of the product, and the price of the goods.
Entertainment Tonight, Inc. manufactures and sells stereo systems that include an assurance-type warranty for the first 90 days. Entertainment Tonight also offers an optional extended coverage plan under which it will repair or replace any defective part for 2 years beyond the expiration of the assurance-type warranty. The total transaction price for the sale of the stereo system and the extended warranty is $3,000. The standalone price of each is $2,300 and $900, respectively. The estimated cost of the assurance-warranty is $350. The accounting for warranty wil include a
Select one:
1. debit to Warranty Expense, $900.
2. debit to Warranty Liability, $350
3. credit to Warranty Liability, $900
4. credit to Unearned Warranty Revenue, $900
Answer:
Given:
The total transaction price for the sale of the stereo system and the extended warranty is $3,000.
The standalone price of each is $2,300 and $900, respectively.
The estimated cost of the assurance-warranty is $350.
Here, in this case the warranty expenses against sale of stereo is on basis of expected expenses .
Expected expenses in future is for certainty and sum collected against this expenses. Therefore, $ 900 is gathered under assurance-warranty while no cost is incurred. Therefore, they will credit the unearned warranty revenue of $ 900
Option (4) is correct.
Which of the following is TRUE about comparative advantage? A. Comparative advantage explains trade within nations and among nations. B. Comparative advantage explains trade among nations, but not within nations. C. Comparative advantage has nothing to do with trade among nations; it only is concerned with specialization within a firm. D. Comparative advantage explains trade within nations, but not among nations.
Answer: (A.) Comparative advantage explains trade within nations and among nations.
Explanation:
Comparative advantage refers to an economy's power to produce commodities and services at a lower opportunity cost than their trade partners. A comparative advantage gives a institution the power to sell goods and services at a lower price than its competitors.
Comparative advantage explains trade both within and among nations by suggesting specialization based on lower opportunity costs, leading to gains from trade. So, option A is correct.
The correct answer is A. Comparative advantage explains trade within nations and among nations. Comparative advantage is the principle that suggests countries or individuals should produce the goods and services for which they have a lower opportunity cost compared to others. This allows them to specialize and maximizes efficiency and productivity, leading to gains from trade. These gains are not limited to international trade but also apply to trade within a nation's borders. Therefore, comparative advantage supports the understanding of both domestic and global trade patterns, influencing decisions on whether to produce or trade for certain goods.
An open economy is one that engages in international trade through imports and exports, while a closed economy does not trade with other nations. The theory of comparative advantage is fundamental for understanding why an open economy might import bananas from Costa Rica if it is more efficient for Canada to specialize in wheat production, as an example. Each country focuses on producing goods where they have a comparative advantage, and then trading for other needed or desired goods.
Dow Corp. bought a truck for $80,000 on January 1, 2018. They installed a rear hydraulic lift for $10,000 and paid sales tax of $4,000. In addition, Dow Corp. paid $3,000 for a one-year insurance policy. They estimate the useful life of the truck to be 10 years and its residual value $12,000. If Dow uses the double declining method of depreciation, what is the depreciation expense for 2019?
The depreciation expense for 2019 for Dow Corp.'s truck using the double declining method is $15,040. This is calculated by applying a 20% depreciation rate on the book value of the truck at the beginning of 2019, which is $75,200 after accounting for the first year's depreciation in 2018.
Explanation:The subject of this question is related to accounting in a business context, specifically focusing on the calculation of depreciation expense using the double declining balance method. The calculation involves determining the book value of the asset at the beginning of the year and then applying the double declining balance depreciation rate.
To calculate the depreciation expense for 2019 for Dow Corp.'s truck, we first need to determine the depreciable base, which includes the cost of the truck, the hydraulic lift, and the sales tax, but not the insurance as it is an expense, not a capital improvement. The total depreciable base is $80,000 (cost of the truck) + $10,000 (cost of hydraulic lift) + $4,000 (sales tax) = $94,000. The double declining method involves doubling the straight-line depreciation rate, which is 1 divided by the useful life of the asset. The straight-line rate for a 10-year useful life is 10%, so the double declining rate is 20%.
First-year depreciation for 2018 would be 20% of $94,000, which equates to $18,800. The book value at the beginning of 2019 is thus $94,000 - $18,800 = $75,200. The depreciation expense for 2019 is 20% of $75,200, which is $15,040.
Note that we subtract the salvage value at the end of the asset's useful life, not during annual depreciation calculations. Therefore, the depreciation expense for 2019 for the truck is $15,040.
Carla just started her new job working at the Department of Commerce. In order to see whether Carla “knows her stuff,” her boss asks her to put together a presentation on the current state of the economy. What is one of the economic indicators Carla could look at?
Answer: one key indicator that Carla could look at is the inflation rate.
Explanation:
The inflation rate is a really important factor when economists want to assess the economic state of a nation.
Carla can use the unemployment rate as an economic indicator to evaluate the state of the economy. This data, along with other factors like production and prices, can be found in the work of the Bureau of Labor Statistics.
Explanation:One economic indicator that Carla could look at is the unemployment rate. The unemployment rate measures the percentage of the total labor force that is unemployed but actively seeking employment. In terms of macroeconomics, this indicator can give Carla insights into the state of the economy as a whole.
Economic researchers at the Bureau of Labor Statistics publish a wide array of surveys and reports that provide a more nuanced and complete view of the labor market, notwithstanding certain imperfections. While the unemployment rate gets most public attention, the Bureau also collects data on factors such as production and prices which cumulatively provide necessary insights into the state of the national economy.
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Jennifer, a talented photography student, started a corporate photography business. She planned to solicit jobs from large corporations which needed pictures for their annual reports and websites. Although filling a unique niche, Jennifer needed the security that the business would thrive and that she would earn enough to support herself and her child. She also hoped that she would spend less time each day calling on potential clients and more time doing the actual shoots. As her small business consultant, which of the following suggestions would you have for Jennifer?
Jennifer should either take the risk necessary to develop a small business, or go to work for someone else.
In the beginning, it's doubtful that Jennifer will realize ease of entry, security, and good profits. She needs to make plans in the event that one or more of these does not materialize quickly.
Photographers can take pictures of a multitude of things. It's probably not good strategy to limit her business to only photographing the needs of large corporations.
Jennifer should definitely make time for herself each day so that she does not experience burn-out. If she plans well, leaping into her own business will provide her with several hours of unstructured time each day where she can perfect her craft even more.
Answer:
Photographers can take pictures of a multitude of things. It's probably not good strategy to limit her business to only photographing the needs of large corporations.
Explanation:
The specualization on a market niche is the way a company can specialize when it has enough profits or a financial support. However, starting a new business when the economical resources are not big, it is better to start working for all the potential client, in her case she should take different projects, such as parties, movie makers or any job. Then when she has enough capital, she can specialize in the big companies biche.
It costs a meat-processing company $50,000 to produce 5,000 pounds of steak. The company’s cost will be $50,009 if it produces an additional pound of steak. If the company produces 5,001 pounds of steak then a. its average cost is greater than its marginal cost. b. its average cost and its marginal cost are equal. c. its average cost is less than its marginal cost. d. there is insufficient information to compute average and marginal costs.
Answer:
a. its average cost is greater than its marginal cost
Explanation:
The following information is available for Forever Fragrance Company's Southern Territory by salesperson: Garcia Jones Total Sales $30,000 $40,000 $70,000 Variable cost of goods sold 3,600 4,800 8,400 Variable selling expenses: Promotion costs 5,000 8,000 13,000 Sales commissions 4,500 6,000 10,500 What is the contribution margin for Jones? a. $21,200 b. $35,200 c. $40,000 d. $27,200
Answer:
a. Contribution Margin = $21,200
Explanation:
Contribution margin = Sales Value - Variable Expenses
Here it is provided that
Sales for Jones = $40,000
Less: Variable Expenses
Cost of goods sols = ($4,800)
Variable Promotion costs = ($8,000)
Variable Sales Commission = ($6,000)
Net Variable Expenses = ($18,800)
Contribution Margin = $40,000 - $18,800 = $21,200
The contribution margin for Jones is calculated by subtracting the total variable costs from the total sales, resulting in $21,200. The option (A) is correct.
To calculate the contribution margin for Jones, you need to subtract the total variable cost from the total sales. For Jones, the total sales are $40,000. The variable costs include variable cost of goods sold and variable selling expenses such as promotion costs and sales commissions. Jones's costs are $4,800 for the cost of goods sold, $8,000 for promotion costs, and $6,000 for sales commissions, which totals $18,800 in variable costs.
Therefore, Jones's contribution margin can be calculated as follows:
Total Sales - Total Variable Cost = Contribution Margin
$40,000 - $18,800 = $21,200.
This means the correct answer for the contribution margin for Jones is $21,200.
Providing worker training on the safe use of the equipment being operated is the responsibility of the:
O A. Employer
O B. Worker
O C. State OSHA consultation
O D. Qualified person
Answer:
Providing worker training on the safe use of the equipment being operated is the responsibility of the: employer - A.
The common shares of the Hiboux Ltd have a book value of $21.60 and a market value of $28.60. The company pays $0.28 in dividends each quarter. What is the dividend yield? A. 1.0% B. 1.3% C. 3.9% D. 5.2%
Answer: Option (c) is correct.
Explanation:
Shares book value = $21.60
market value = $28.60
Pays dividend in each quarter = $0.28
Annual dividend = Dividend in each quarter × 4
= $0.28 × 4 ⇒ $1.12
Therefore,
Dividend yield = [tex]\frac{Annual\ Dividend}{Current\ Price}[/tex]
= [tex]\frac{1.12}{28.60}[/tex]
= 3.9% (approx.)
Hence, dividend yield is 3.9%.
The dividend yield for the common shares of Hiboux Ltd is 3.9%.
Explanation:To calculate the dividend yield, we need to divide the annual dividends by the market value of the stock. Since the company pays $0.28 in dividends each quarter, the annual dividends would be $0.28 x 4 = $1.12. The dividend yield is then calculated as $1.12 divided by the market value of $28.60, multiplied by 100 to get the percentage. Therefore, the dividend yield is (1.12 / 28.60) x 100 = 3.9%. Therefore, the correct answer is C. 3.9%.
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Bittner Company borrows $88,500 on November 1, from Harrington State Bank by signing an $88,500, 12%, 18-month note. How much interest expense should Bittner Company record on December 31 if the company uses a calendar year-end and records adjusting entries only at year-end?
Answer: the correct answer is $1,770
Explanation: Interest is calculated by multiplying the principal times the time period the note is redeemable. It is important to bear in mind that all interest are annual unless it is stated differently. This note renders 12 % annually. At December 31 two months of interests are payable and must be recognized as interest expense. Having said that the calculation is as follows:
December 31 : $88,500 * 12% *(2/12) = $1,770