Answer:
Explanation:
Interest expense refers to charges paid for borrowing money. It is the money that a lender charges borrower for borrowing money from him. In the income statement, it represents interest to be paid on borrowings such as bonds, loans, convertible debt or lines of credit. It is calculated as product of the interest rate times the outstanding principal amount of the debt.
Given that:
Moonbooks received $79,380 = principal amount of debt (P)
The interest rate (r) = 8% annually = 0.08.
Interest expense payable for 2018 (first year) = P × r = $79380 × 0.08 = $6350
For the second year i.e 2019 The principal amount of debt = $79380 + $6360 = $85730
Interest expense payable for 2019 (second year) = P × r = $85730 × 0.08 = $6858
"The Interest Expense for the 2nd year ended December 31, 2019, on the note payable is $6,278.40.
To calculate the Interest Expense for the second year, we need to follow these steps:
1. Calculate the future value of the initial investment after 1 year using the market rate of interest.
2. Determine the interest earned during the second year by subtracting the future value after 1 year from the future value after 2 years.
3. The interest earned during the second year is the Interest Expense for Moon bucks, Inc.
Let's perform the calculations:
1. Future Value after 1 year (FV1):
\[ FV1 = P \times (1 + r)^n \]
where \( P \) is the principal amount, \( r \) is the annual interest rate, and \( n \) is the number of years.
For the first year:
\[ P = \$79,380 \]
\[ r = 8\% = 0.08 \]
\[ n = 1 \]
\[ FV1 = \$79,380 \times (1 + 0.08)^1 \]
\[ FV1 = \$79,380 \times 1.08 \]
\[ FV1 = \$85,862.40 \]
2. Future Value after 2 years (FV2):
\[ FV2 = P \times (1 + r)^n \]
For the second year:
\[ P = \$79,380 \]
\[ r = 8\% = 0.08 \]
\[ n = 2 \]
\[ FV2 = \$79,380 \times (1 + 0.08)^2 \]
\[ FV2 = \$79,380 \times 1.1664 \]
\[ FV2 = \$92,539.52 \]
3. Interest for the 2nd year (Interest Expense):
\[ \text{Interest for 2nd year} = FV2 - FV1 \]
\[ \text{Interest for 2nd year} = \$92,539.52 - \$85,862.40 \]
\[ \text{Interest for 2nd year} = \$6,677.12 \]
However, since the interest is compounded annually, we need to calculate the interest for the second year only, not the total interest accumulated over two years. Therefore, we need to calculate the interest on the future value after the first year for the second year.
Interest for the 2nd year (Interest Expense):
\[ \text{Interest for 2nd year} = FV1 \times r \]
\[ \text{Interest for 2nd year} = \$85,862.40 \times 0.08 \]
\[ \text{Interest for 2nd year} = \$6,869.792 \]
Since the question asks for the interest expense for the 2nd year, we need to ensure that we are not including the interest for the 1st year in our calculation. The interest for the 1st year has already been accounted for in the future value after the first year.
Therefore, the Interest Expense for the 2nd year ended December 31, 2019, is $6,869.792. However, to match the given answer, we need to round this to the nearest cent, which gives us $6,870.00. It seems there is a slight discrepancy between the calculated interest and the given answer of $6,278.40. Let's re-evaluate the calculation to ensure accuracy:
The correct calculation for the interest in the second year should be based on the amount at the end of the first year:
\[ \text{Interest for 2nd year} = FV1 \times r \]
\[ \text{Interest for 2nd year} = \$85,862.40 \times 0.08 \]
\[ \text{Interest for 2nd year} = \$6,869.792 \]
After rounding to the nearest cent, the Interest Expense for the 2nd year is $6,870.00.
It appears there was an error in the provided answer. The correct Interest Expense for the 2nd year ended December 31, 2019, is $6,870.00, not $6,278.40."
Using the payoff matrix, and assuming no collusion between X and Y, what is the likely pricing outcome? A. Both firms will set the price at $35. B. Both firms will set the price at $40. C. Firm X will charge $35 and firm Y will charge $40. D. Firm X will charge $40 and firm Y will charge $35. Price collusion is mutually profitable because each firm achieves A. higher profits. B. increased sales. C. lower costs. D. higher productivity.
Answer:
A- Both firms will set the price at $35
Explanation:
When there is no collusion,
When Y charges $40, X's best strategy is to charge $35 since payoff is higher ($59 > $57).
When Y charges $35, X's best strategy is to charge $35 since payoff is higher ($55 > $50).
When X charges $40, Y's best strategy is to charge $35 since payoff is higher ($69 > $60).
When X charges $35, Y's best strategy is to charge $35 since payoff is higher ($58 > $59).
Therefore Nash equilibrium is: ($35, $35).
Cost behavior refers to ________. whether a particular expense is expensed in the same or the following period how costs react to a change in the level of activity whether a cost is incurred in a manufacturing, merchandising, or service company classifying costs as either perpetual or period costs
Answer:
How costs react to a change in the level of activity
Explanation:
Cost behaviour is a concept, and a classification criteria, that refers to the level of change that a particular cost has after a change in overall activity.
There are three types of costs according to the cost behaviour:
Fixed costs: which do not change according to the level of activity.Variable costs: which do change according to the level of activity.Mixed costs: which change partially according to the level of activity, or change in some circumstances, while in others do not.Final answer:
Cost behavior is all about how costs respond to changes in business activity levels. It involves breaking down costs into fixed and variable categories. This understanding assists businesses in making decisions about production, pricing, and other operations.
Explanation:
Cost behavior refers to how costs react to a change in the level of activity. A fundamental concept in cost behavior is the division of costs into fixed and variable costs. Fixed costs are costs that do not change in the short run, regardless of the level of production. Examples of fixed costs can include rent on a factory or retail space, cost of machinery, and advertising costs. On the other hand, variable costs are incurred in the act of producing and typically show diminishing marginal returns, thereby increasing the marginal cost of producing higher levels of output. Therefore, understanding cost behavior helps firms make economic decisions about production, pricing, and other business activities.
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Privity of contract refers to the relationship that exists between the parties to a contract. True or False
Answer: True
Explanation: Under the doctrine of "Privity of contract" it is a common law which state that a contract can not confer any right to a person or imposed any obligation upon anyone who is not a party to the contract. only parties involved in the contract are allowed to sue to enforce rights or claims on damages.
It is "true" that Privity of contract refers to the relationship that exists between parties to a contract.
Moraine, Inc., has an issue of preferred stock outstanding that pays a $6.55 dividend every year in perpetuity. If this issue currently sells for $91 per share, what is the required return? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places
Answer:
7.20%
Explanation:
In this question, we are to calculate the required return.
From the question we identify the following;
Next dividend = $6.55
required return = ?
Share price = $91
Mathematically;
share price = Dividend/Rate of return
Hence;
Rate of return = Dividend/share price = 6.55/91
Rate of return = 0.071978021978022
= 7.20%
The required return on the preferred stock from Moraine, Inc. is approximately 7.20%, calculated by dividing the annual dividend of $6.55 by the current stock price of $91.
Explanation:The preferred stock from Moraine, Inc. pays a $6.55 dividend annually in perpetuity, and is currently sold for $91 per share. You're looking to find the stock's required return, which is generally the minimum return an investor expects to earn on an investment. The formula used to calculate the required return is the dividend divided by the price of the stock. In this case, you would divide the annual dividend of $6.55 by the price of $91, resulting in 0.071978. Convert this decimal to a percentage to get your required return. Therefore, the required return for Moraine, Inc.'s stock is approximately 7.20%.
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On november 1, 2018, the bagel factory signed a $100,000, 6%, six-month note payable with the amount borrowed plus accrued interest due six months later on may 1, 2019. the bagel factory records the appropriate adjusting entry for the note on december 31, 2018. in recording the payment of the note plus accrued interest at maturity on may 1, 2019, the bagel factory would:
a) debit interest expense, $1000
b) debit interest payable , $2000
c) debit interest expense, $3000
d) debit interest expense , $2000
Answer:
A) debit interest expense, $1000
Explanation:
to determine the accrued interest expense = $100,000 x 6% x 2/12 = $1,000
the journal entry should be:
December 31, 2018, accrued interest expense on note payable:
Dr Interest expense 1,000
Cr Accrued interest payable 1,000
Accrual accounting establishes that expenses must be recognize during the period that they occur regardless of when they are paid. So we must recognize 2 months worth of interest.
Jamal, the HR Director for a growing marketing firm, announces that the firm is planning to implement the integrated talent management approach in the future.
Which of the following actions should the employees expect the firm to perform in the future?
a. Downsizing to save costs and increase efficiency.
b. Treating the major phases of the employment life cycle as individual units and integrating them at the time of performance appraisals.
c. Connecting multiple processes such as performance management, training and development, and career management.
d. Merging with other organizations to acquire additional talent.
Answer:
c.
Explanation:
Based on the scenario being described it can be said that the action that should be expected to be performed would be connecting multiple processes such as performance management, training and development, and career management. This is because the Integrated Talent Management (TM) approach focuses on all of the HR processes in order to attract, onboard, develop, engage, and retain high-performing employees.
Final answer:
Employees should expect the marketing firm to connect multiple processes like performance management, training and development, and career management under an integrated talent management approach.
Explanation:
When Jamal, the HR Director for a growing marketing firm, announces the implementation of the integrated talent management approach, the employees should expect the firm to perform the following action in the future: connecting multiple processes such as performance management, training and development, and career management. This approach considers the major phases of the employment life cycle as interconnected rather than individual units, and optimizes these to ensure that employees are developed and managed in a way that contributes to the firm's goals. This integrated strategy is opposed to actions like downsizing to save costs, treating employment phases as individual units, or merging with other organizations for talent acquisition, which might be relevant but do not describe integrated talent management.
A furniture manufacturer instituted a new strategy of producing custom-designed kitchen fittings rather than predesigned fittings. Although the amount of fittings produced by the company fell as the new plan was implemented, management was quick to point out that the custom fittings sold faster (and at a higher profit margin) than the predesigned fittings. What strategy is management using to overcome the pull of past patterns and build momentum in moving toward new patterns
Question Options:
A. benchmarking
B. celebrating early wins
C. organizational development
D. behavioral process orientation
Answer: The strategy management is using to overcome the pull of past patterns and build momentum in moving toward new patterns is known as BEHAVIORAL PROCESS ORIENTATION.
Explanation: Behavioural process orientation refers to the procedures and systems used in determining the cause of a particular behavior and strategies to reinforce or stop the behavior.
Management use an unfreezing method to overcome the draw of previous patterns and gain momentum in advancing toward new ones.
The process of introducing a new way of doing business is known as unfreezing.
The business has gone through a process of unfreezing, in which they switched from custom fitted to pre-designed fits in their marketing efforts. To transform the company into a success, the company has changed the way it sells, as well as the attitude and behavior of its personnel.
As a result, a management plan based on the unfreezing approach can be implemented to overcome difficulties and change in the direction of new patterns.
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Pool Line is the manufacturer of a pool cleaning system that has been called by the pool construction industry, "the miracle we have waited a lifetime for." The cleaning system is very effective and recommended by all consumer magazines. The result is that 93 percent of all new pools have the system, and 94 percent of all pool owners buying replacement systems choose Pool Line. The relevant product market is:
Answer:
pool cleaning systems.
Explanation:
Product market refers to the markets where a final product or service can be sold, e.g. financial services market is where banks, investment firms and others offer their banking, investment and trading services.
In this case, the product market for Pool Line is the market for pool cleaning systems which includes both pool constructors and owners of existing pools as customers.
The subject of this question is the relevant product market for Pool Line's pool cleaning system, which suggests the pool maintenance market where the company has achieved a significant market share and industry influence.
Explanation:The relevant product market in the context of the given information about Pool Line, the manufacturer of a highly effective pool cleaning system, refers to the market segment that focuses on pool cleaning systems. This market encompasses all the products and services used for the maintenance and cleaning of swimming pools. Based on the provided details, Pool Line has a significant market share, as indicated by the high percentage of new and replacement pool cleaning systems they sell.
These figures show the company's strong position and influence within the pool cleaning industry, and it may be inferred that Pool Line essentially represents the standard for such systems in the market. Moreover, the high level of recommendation by consumer magazines reinforces the company's standing as a leading provider in the pool maintenance market.
Suppose a farmer in Georgia begins to grow peaches. He uses $1,000,000 in savings to purchase land, he rents equipment for $70 comma 00070,000 a year, and he pays workers $120 comma 000120,000 in wages. In return, he produces 250 comma 000250,000 baskets of peaches per year, which sell for $3.003.00 each. Suppose the interest rate on savings is 22 percent and that the farmer could otherwise have earned $40 comma 00040,000 as a shoe salesman. What is the farmer's economic profit?
Answer:
Economic profit = $300,000
Explanation:
Economic profit is the difference between the sales revenue and the total of implicit cost and explicit cost
Implicit cost are opportunity costs. For the farmer, these include
Interest on capital forfeited and salaries forfeited
= (22%× 1,000,000) + 40,000
= 260,000
Total cost = Implicit +explicit costs
= 260,000 + 260,000 +70,000 +120,000
Economic profit =750000- (260,000 +70,000 +120,000)
= $300,000
Note that the cost of land is not included because it a capital cost
Economic efficiency A. is a market outcome in which the marginal benefit to consumers of the last unit produced is equal to its marginal cost of production. B. is a market outcome in which the sum of consumer surplus and producer surplus is at a maximum. C. is a market outcome in which every individual is better off than they would be at any other market outcome. D. both a and b. E. all of the above. Economists define economic efficiency in this way A. to help policymakers understand the negative consequences of price ceilings. B. to help policymakers understand the negative consequences of price floors. C. to illustrate the benefits of a competitive market equilibrium. D. to help policymakers understand the negative consequences of taxes. E. all of the above.
Answer:
The answers in this would be option D. or both a and b. for the first question and option E. for the second question or all of the above.Explanation:
In Economics, economic efficiency in any market can be characterized by the most efficient market outcome that is possible given various circumstances.It implies the maximum social and economic welfare that a any market for any good or service can generate, indicated by the maximization of both consumer and producer surplus.This essentially means that both the consumers and sellers or producers in the market are equally well off and the overall market welfare is maximized.Market efficiency is also represented by the equalization of the marginal benefit or the additional benefit or utility obtained by the consumers or buyers from consuming one more or an additional unit of any particular good or service and marginal cost, which implies the cost of producing one more or an additional unit of that particular product or service.The economists usually define economic efficiency as a tool or parameter to understand and explain the negative economic consequences of any undesirable market outcome such as external government interventions in markets in the form of various market taxes and price manipulation techniques such as price ceilings or price floors. These are some of the forced external market intervention that disturb or dismantle the natural equilibrium of the market outcome which ensures the maximum social and economic welfare of all the concerned market identities,mainly consumers or buyers and sellers and producers.An economist claims that average weekly food expenditure of households in city 1 is more than that of households in city 2. she surveys 35 households in city 1 and obtains an average weekly food expenditure of $164. a sample of 30 households in city 2 yields an average weekly expenditure of $159. historical data reveals that the population standard deviation for city 1 and city 2 are $12.50 and $9.25, respectively. to test the economist's claim, the competing hypotheses should be formulated as
Question:The question is incomplete. Find below the options and the answers.
1. To test the economist’s claim, the competing hypotheses should be formulated as
Select one:
a. H0:μ1-μ2>0 versus Ha:μ1-μ2≤0
b. H0:μ1-μ2≥0 versus Ha:μ1-μ2<0
c. H0:μ1-μ2≤0 versus Ha:μ1-μ2>0
2.
The standard error of x(1)bar- x(2) bar is
Select one:
a. 0.82
b. 2.70
c. 12.5
d. 9.25
3. The value of the test statistics is
Select one:
a. 0.40
b. 1.85
c. 0.54
d. 27.78
4. The p-value of the test is
Select one:
a. 0.34
b. 0.03
c. 0.29
d. 0.08
5. At α=0.05,
Select one:
a. We can reject H(0) in favor of H(a)
b. We cannot reject H(0)
c. We can conclude that average weekly food expenditures in City 1 is less than that of City 2
Answer:
1. The correct answer is option (a) H0:μ1-μ2>0 versus Ha:μ1-μ2≤0
2. The correct answer is option b. 2.70
3. The correct answer is option b. 1.85
4. The correct answer is option b. 0.03
5. The correct answer is option c. We can conclude that average weekly food expenditures in City 1 is less than that of City 2
Explanation:
Given Data:
City 1 City 2
x1(bar)=164 x2 (bar) =159
σ(1)=12.5 σ(2) =9.25
n(1)=35 n2=30
2. The standard error of x(1)bar- x(2) bar is calculated using the formula;
Standard error = √σ₁² +σ₂² /n₁+n₂
= √(12.5²+9.25²/35 +30)
= 2.7
3. The test statistics is calculated using the formula;
z = x(1)bar- x(2)/Standard error
= 164 - 159/2.7
= 5/2.7
= 1.85
4. using the normal standard table, the p- value at z = 1.85 is 0.03
5. We can conclude that average weekly food expenditures in City 1 is less than that of City 2
The null hypothesis is that there is no difference in average weekly food expenditures between the two cities (H_{0}: μ_{1} - μ_{2} g equal to or less than), and the alternative hypothesis is that city 1 has a higher average than city 2 (H_{1}:
μ_{1} - μ_{2} greater than$n$0).
To test the economist's claim that the average weekly food expenditure of households in city 1 is more than that of households in city 2, we need to formulate the null and alternative hypotheses for a two-tailed hypothesis test.
The null hypothesis (H_{0}) is that there is no difference in the average weekly food expenditures between the two cities, while the alternative hypothesis (H_{1}) suggests that the average weekly food expenditure of city 1 is indeed higher than that of city 2.
The null hypothesis can be mathematically represented as H_{0}: μ_{1} - μ_{2} g equal to or less than, and the alternative hypothesis can be represented as H_{1}: μ_{1} -μ_{2} greater than$n$0, where μ_{1} and μ_{2} are the population means of city 1 and city 2 respectively.
Given the sample means and known population standard deviations, a z-test for the difference in means would be appropriate to test these hypotheses.
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10.are goods purchased from foreign countries.
A. Electronics
B. Imports
C. Exports
D. Globalizations
B. Imports are goods purchased from foreign countries.
Many countries buy goods from other countries. By doing this, they are importing goods into their country. Had they been the ones selling these products, they would have been exporting goods.
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Given the acquisition cost of product Z is $43, the net realizable value for product Z is $37, the normal profit for product Z is $2, and the market value (replacement cost) for product Z is $38, what is the proper per unit inventory value for product Z applying LCM? $37. $35. $38. $43.
Answer:
proper per unit inventory value for product Z applying LCM is $38
Explanation:
given data
cost of product Z = $43
net realizable value product Z = $37
normal profit for product Z = $2
market value product Z = $38
solution
first we get here difference between Net realizable value and profit that is
Net realizable value - normal profit
= $37 - $2
= $35
so here now we get proper per unit inventory is
proper per unit inventory = lower of cost or market value
so here market value product Z is lower so
proper per unit inventory value for product Z applying LCM is $38
Alatan owns a building supply store in Russ County. His trade extends throughout River City, the largest city in Russ County, but not beyond the county limits. He sells his store to Hilary and, as part of the transaction, agrees not to engage in the same business anywhere in River City for a period of two years. In this case:
Answer:
A non-compete agreement has been made that applies a geographic restraint to Alatan.
Explanation:
Generally non-compete agreements are done between employees and their employer and in order for them to be enforceable they must be reasonable and the employee must be compensated in some way (usually when the contract is signed a special compensation must be set like a high salary or bonus, etc.).
In this case, the non-compete agreement is made between the seller and buyer of a business. The agreement includes a specific geographic restriction and lasts only 2 years, so the agreement would be considered valid by a court.
Final answer:
Alatan's agreement with Hilary to not engage in the same business within River City for two years is known as a non-compete agreement. It is designed to protect the buyer's interest from competition by the seller, and its enforceability depends on local laws and the reasonableness of the agreement's terms.
Explanation:
The scenario described involves a non-compete agreement, which is a contract wherein an individual or business agrees not to compete with another party in a specified area for a certain period. In the case of Alatan selling his building supply store to Hilary, the non-compete clause prevents Alatan from starting or engaging in the same type of business within River City for two years. This is a common practice in business transactions to protect the interests of the new business owner by ensuring the former owner does not become immediate competition.
Enforceability of non-compete clauses can vary based on local laws and specific circumstances, and they must be reasonable in geography, time, and scope to be upheld in court. As Alatan's agreement is restricted to River City alone and is limited to a two-year period, it appears to be targeted and limited, which increases the likelihood of it being enforceable. However, it would be necessary to consult local laws and a lawyer to determine the exact legality and enforceability of the non-compete agreement.
Manufacturing overhead expenses are budgeted at $2,000 per month. Included in the $2,000 are $500 of monthly depreciation expense and $200 of allocated expenses related to manufacturing insurance that was paid in February. What is the cash outflow for overhead for the month of January
Answer:
$1500
Explanation:
The reason is that the allocated expense of $200 related to insurance would be paid in February and we are considering the cash outflow the month January. Because the insurance expenses are paid one month later which would not exceed the overhead budget set. This means that the net cash effect would be $1500 because the $500 depreciation is non cash flow in nature.
GS Investment Bank is worried that the company it is underwriting for an IPO may not be well supported since investors may sell additional shares into the market after the IPO. To prevent this from happening, GS Investment Bank may restrict the ability of officers, directors and other shareholders to sell any of their shares for a specific period of time after the IPO. This is known as a:
Answer:
A lock-up agreement
Explanation:
A lock-up agreement -
In common terms, it is also known as initial public offering (IPO) process.
It refers to a type of agreement, which disable the insiders of the company by selling their shares for some specific time period, is referred to as a lock- up agreement.
The agreement is made in order to avoid the situation of excessive selling pressure for the first few months of trading.
From, the given scenario of the question,
GS Investment Bank adapted this method, to limit the officers from selling the shares into the market for some specific period of time.
Suppose that there is a flat 20% income tax rate, but otherwise the US tax law is the same as that in place. You make $40,000 per year. If your employer pays for your $4,000 per year insurance policy and deducts the expense from your salary, your after-tax, after-insurance take-home pay is ________. If instead you pay for your $4,000 per year policy directly, your after-tax, after-insurance take-home pay is _______.
Answer:
The answers would be $28,000 and $32,000 respectively.Explanation:
Considering that the tax rate is 20% or 0.2 and the annual income of $40,000,the after tax annual income would be=[tex]40,000-(0.2\times40,000)=40,000-8000[/tex]=$32,000Now,the company deducts $4000 from the after tax annual income as insurance expense.Therefore,after-tax and after-insurance annual take home income=[tex](32,000-4000)[/tex]=$28,000If we consider that the insurance expense of $4000 is paid personally by the employee,then the after-tax and after-insurance annual income would be only $32,000 as the insurance expense is paid separately and not directly deducted from annual after tax income.
he following information applies to the questions displayed below.] Raphael Corporation’s common stock is currently selling on a stock exchange at $151 per share, and its current balance sheet shows the following stockholders’ equity section. Preferred stock—5% cumulative, $___ par value, 1,000 shares authorized, issued, and outstanding $ 50,000 Common stock—$___ par value, 4,000 shares authorized, issued, and outstanding 180,000 Retained earnings 350,000 Total stockholders' equity $ 580,000 Required: 1. What is the current market value (price) of this corporation’s common stock?
Answer:
The correct answer is $151 per share.
Explanation:
According to the scenario, the computation of the given data are as follows:
Currently selling price = $151 per share
So, we can calculate the Current market value by using following formula:
Current market value (price) of stock = Currently selling price of stock
As, Currently selling price of stock is already given.
Than, Current market value (price) of stock = $151 per share.
Harry, a wheat farmer, is deciding whether or not to add fertilizer to his crops. If he adds 1 pound of fertilizer per acre, the value of the resulting crops rises from $80 to $100 per acre. According to marginal analysis, Harry should add fertilizer if it costs less than:
A) $100 per pound
B) $12.50 per pound
C) $80 per pound
D) $20 per pound
Josie owns a shop in her hometown that offers only a limited number of product categories, but she does carry a large selection of sizes, colors, and styles of those products. She is said to be an expert when it comes to her products. Which type of store does Josie own?
Question Options:
A. Department store
B. Discount store
C. Specialty store
D. Off-price retail store
E. Online retail store
Answer: Josie owns a SPECIALTY STORE.
Explanation: A specialty store can be defined as a retail business that is involved in the sale of only a particular type of goods. Examples include; Furniture stores, florists, sporting goods stores, and bookstores.
Becky’s comprehensive major medical health insurance plan at work has a deductible of $850. The policy pays 80 percent of any amount above the deductible. While on a hiking trip, Becky contracted a rare bacterial disease. Her medical costs for treatment, including medicines, tests, and a six-day hospital stay, totaled $9,093. A friend told her that she would have paid less if she had a policy with a stop-loss feature that capped her out-of-pocket expenses at $4,000.a.Calculate the total amount Becky would pay under the current policy.b.Would a $4,000 stop-loss provision on her current policy have reduced Becky's cost for this illness?
Under her current insurance policy, Becky would pay $2,498.60 for her illness. A stop-loss provision that capped out-of-pocket costs at $4,000 would not have reduced her costs for this illness because that amount is higher than what she ended up paying.
Explanation:First, to calculate how much Becky would pay with her current insurance plan, subtract her deductible from her medical expenses. The costs above the deductible are $9,093 - $850 = $8,243. Her insurance will cover 80% of this, and she will pay for the other 20%. So, she will pay $8,243 * 20% = $1,648.60 plus her deductible. Therefore, Becky's total out-of-pocket expenses would be $1,648.60 + $850 = $2,498.60 under her current plan.
If Becky had a policy with a stop-loss provision that capped out-of-pocket costs at $4,000, her costs would be lower only if her expenses exceeded this amount. Since Becky's total cost under her current policy is $2,498.60, which is less than the $4,000 cap, the stop-loss provision wouldn't decrease her costs for this illness.
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Bill enters into a contract with Tom to supply 100 umbrellas at $10.00 each. The umbrellas were to be delivered on August 20th. On August 10th, Tom receives the umbrellas. He attempts to open one and the umbrella flies open forcefully and rips the fabric. Tom then opens each umbrella. 14 more of the umbrellas fly open and tear the fabric. Tom calls Bill and tells him what happened. Bill ships 15 more umbrellas that arrive on August 20th. Bill tests them and they are all satisfactory. Bill can sue Tom for:
Answer:
Honestly, Bill Can not sue Tom
Explanation:
Firstly I don't know the contractual agreement between Tom and Bill, but based on the fact that Tom informed Bill of the latest happenings as regards the umbrella,
Hence Bill is well Informed.
Now Bill tested his umbrella and they were OK, it doesn't rule out the fact and the possibility of 14 out 100 to be bad, this can be in a form of factory error.
Barry's Sport Shop calls Champs Tee Shirt Company to order 200 designer tee shirts at $2 per shirt. The next day, Barry decides he can easily sell 100 more. Before the order is filled, he calls to change the order to 300 tee shirts. Champs sends 200. Can Barry force Champs to send the additional 100?
Answer: No.
Explanation: Based on the initial agreement made between Champs Tee shirt company and Barry's sport shop, which was the de sealed for the purchase of 200 shirts at a price of 100. Even though additional demand of 100 t-shirts was made, Champs decided to send 200. Barry will be unable to force Champs to send the additional 100 because the transaction was made and agreed on verbally without any written. or signed document which could be tendered as evidence when trying to force Champs to send the additional 100
Whether Barry can force Champs to send an additional 100 t-shirts depends on the terms of the agreement and if Champs accepted the change to the original order. Without acceptance or a contract that allows modifications, Barry may not compel Champs to fulfill the new quantity.
Explanation:The question involves a contractual scenario where Barry's Sport Shop placed an order with Champs Tee Shirt Company and later attempted to modify that order. When the original order for 200 designer tee shirts was increased to 300 tee shirts before the order was filled, there is an implication of an attempted contract modification. Legally, whether Barry can force Champs to send the additional 100 tee shirts depends on the terms of the agreement between the two parties and the presence of a valid contract modification. If Champs accepted the modified order, then Barry may have legal grounds to enforce the delivery of the additional tee shirts. If there was no acceptance communicated or if the original contract does not allow for such modifications, Barry may not be able to compel Champs to comply with the new request.
A national survey conducted in 2011 among a simple random sample of 1,507 adults shows that 56% of americans think the civil war is still relevant to american politics and political life. conduct a hypothesis test at significance level α=0.05 to determine whether these data provide strong evidence that a majority of american adults think the civil war is still relevant.
Answer:
Null : x = 0.56 ; Alternate : x < 0.56
t = (x - 0.56) / (s / √n) : If < tabulated t at α =0.05 , null hypothesis accepted
If t > tabulated t at α =0.05 , alternate hypothesis is accepted
Explanation:
Hypothesis Testing is used to test the statistical validity of a statement. Null Hypothesis is the neutral hypothesis, signifying equality to the tested value. Alternate Hypothesis is the contradictory hypothesis, signifying deviation from the tested value.
To test 'Proportion of people giving importance to civil rights in american political life' : Let these proportion be = x
Null Hypothesis (H0) : x = 56% = 0.56
Alternate Hypothesis (H1) : x < 56 % , i.e x < 0.56
't' statistic is calculated based on sample : ( x' - u ) / (s / √n)
where : x' = sample mean , u = population hypothesised mean = 0.56 , s = sample standard deviation , n = sample size
If this calculated 't' < tabulated 't' at significance level α =0.05 ; null hypothesis is accepted. It implies average people thinking as mentioned = 56 % (majority)
If this calculated 't' > tabulated 't' at significance level α =0.05 ; alternate hypothesis is accepted. It implies average people thinking as mentioned < 56% (not majority)
Does Boeing practice a murtinational operations strategy, a global operations strategy, or a transnational operations
strategy? Support your choice with specific references to Boeing’s operations and the characteristics of each type of
organization.
Answer:
1. Global. It's level of Integration goes beyond multinational. The collection of parts and subassemblies coming from other countries is carefully orchestrated. It is not transnational because it's "home" is clearly the US and there is little sense of local responsiveness.
Explanation:
we found here 3 option they are
global. its level of integration goes beyond multinational. the collection of parts and subassemblies coming from other countries is carefully orchestrated. it is not transnational because its "home" is clearly the u. s., and there is little sense of "local responsiveness." multinational. its level of integration is not enough to be global. also it buys resources, creates goods and services, and sell goods and services in a variety of countries. transnational. its material, people, and ideas transgress national boundaries. it combines the benefits of global-scale efficiencies with the benefits of local responsiveness. it is not global because the core competence does not reside in just the "home" country but can exist anywhere in the organization.correct option is (1) as Boeing 786 has partners and suppliers in more than a dozen countries. More than 35% of these are made in Japan and more than 10 in Italy. 70 to 80% of Dreamliners are manufactured by other companies.
This is typical of the global strategy, where the partner countries are involved in the development process, but the final development takes place in the parent company. The Boeing 787 is a very high-tech product, so there is almost no local accountability. So this is a global strategy
Final answer:
Boeing practices a transnational operations strategy, exemplified by its global presence, local responsiveness, and engagement with international regulations, such as those imposed by the European Union.
Explanation:
Boeing's operations strategy can be best described as a transnational operations strategy. This classification is supported by how Boeing integrates and manages its operations across many countries, showcasing a high level of local responsiveness while maintaining a global presence. Unlike a purely multinational corporation, which operates in multiple countries but with a significant focus on adapting to local conditions separately in each, Boeing exemplifies a transnational corporation by not identifying with a single national home and by spreading out its operations to take advantage of both global integration and local responsiveness.
Boeing's practice of working within the regulatory environments of various countries, as seen in the Case in Point on Boeing and the European Union, underlines its transnational nature. The involvement of the European Union in a matter concerning two U.S. firms highlights the complex web of international relations and the global regulatory environment in which transnational corporations like Boeing operate. This ability to engage and navigate through different national and international regulations further signifies a transnational operations strategy.
The impact of globalization is evident in Boeing's business strategy, as it has led the company to operate in a manner that transcends traditional nationalist corporate identities, leveraging global resources, and addressing global markets while still being capable of catering to specific local needs and regulatory requirements. Boeing's operations, thus, embody the essence of a transnational corporation, adept at managing the dichotomy between global efficiency and local responsiveness.
The selection of an appropriate inventory cost flow assumption for an individual company is made by
Answer: Management
Explanation:
The management is one of the type of organization that manage the various types of business activities for the purpose of achieving the goals and the following are some main function of the management are as follows:
Controlling the system Planning the overall function OrganizingAccording to the given question, the selection of the inventory cost flow in the system by the company then it is known as the management as it handles all the inventory business of the various types of products and the services in the management.
Therefore, Management is the correct answer.
Renee contracts with Scott to pay him $25,000 for his work on Renee’s new album "Hip Pop." After Scott performs, they sign an accord, in which Renee promises to pay him $21,000 within thirty days instead of $25,000 later. But she does not pay.
Scott can sue Renee on:
A) the accord only.
B) the original obligation only.
C) the accord or the original obligation.
D) neither the accord nor the original obligation
Answer:
C) the accord or the original obligation.
Explanation:
Based on the scenario being described within the question it can be said that Scott can sue Renee on the accord or the original obligation. This is mainly due to the fact that Renee did not pay the newer arrangement within the three days, and therefore owes Scott the total amount of $25,000 as was agreed by both in the original contract, but since Scott also agreed on the $21,000 he can decide which he would want to sue for.
Delta Technologies, Inc., operates in a perfectly competitive market and has experienced economies of scale because of advanced technologies that have allowed it to make production more efficient. Delta Technologies, Inc., is in which type of industry
Answer: Decreasing cost industry
Explanation:
A decreasing‐cost industry is an industry where the costs decrease as there is expansion in the industry. In this situation, the industry's long run supply curve will slope downward because as there is more production of output, minimum average cost of production for every firm decreases with the decrease in costs.
A decreasing cost industry is characterized by the lower costs and prices due to economies of scale and technological advancement.
Final answer:
Delta Technologies, Inc., which operates in a perfectly competitive market and benefits from economies of scale thanks to technological advancements, is in a decreasing cost industry. These economies of scale lead to lower costs per unit as production increases, which is typical of high-tech industries.
Explanation:
Delta Technologies, Inc. operates in a perfectly competitive market and has benefited from economies of scale due to advanced technologies enhancing production efficiency. Consequently, as Delta Technologies increases its output, it experiences a reduction in the cost per unit, which is a hallmark feature of economies of scale. This concept means that as the scale of production expands, the average costs of production decline, at least to a certain point.
Industries that undergo economies of scale, like Delta Technologies, are often referred to as decreasing cost industries. In such industries, advancements in technology or increased employee education lead to lower average total costs across the industry. High-tech industries are a prime example of a decreasing cost market, as they tend to continually benefit from technological improvements that lower costs as the market grows.
When Nathan accepted his new job, his manager explained that each employee who demonstrated at least two ideas that could lead the company to a competitive advantage received a $5,000 bonus at the end of the year. This bonus is an example of a(n):A. control.B. hierarchy.C. incentive.D. folkway.E. process.
Answer: Incentive
Explanation:
An Incentive is a supplemental reward or inducement which serves as a motivational device for a desired behavior or action. It is the concession or payment to stimulate greater investment or output.
Incentive encourages and motivates someone to do something. Compensation incentives include bonuses, raises, profit sharing, and stock options. The $5000 bonus given to the employee who has ideas that can make the firm has a competitive advantage is an incentive.
Big Beef, Inc. raises calves to sell. Big Beef breeds its cows in April, and the cows calve in February of the following year. In January Andrea contracts with Big Beef to buy fifty calves. Identification takes place in
Final answer:
Identification of calves occurs post-birth, which is vital for herd management and future income. The diet of the calves, grass-fed or grain, can influence the market price owing to perceived health benefits and taste preferences. Health scares like BSE can affect consumer confidence and beef sales.
Explanation:
The identification of the calves that Andrea plans to purchase from Big Beef, Inc. would likely take place after the calves are born in February. In the context of the livestock business, maintaining herd sizes is essential for future income, hence, immediately after birth, identification takes place to manage the resource efficiently. Typically, these young calves will be allowed to grow to market size, either through a grass-fed or grain diet, before they are sent for processing into beef products.
Ranchers may choose to maintain a grass-fed diet for their cattle, despite the higher costs, due to the health benefits and superior flavor, which attract a premium price in the market. However, in the event of a health scare like the BSE outbreak in 1996, consumer confidence can significantly fluctuate, influencing both sales and the price of beef as observed by the report from the Guardian.