Answer:
(d). B2C transaction tends to be smaller when compared to B2B.
Explanation:
(B2B) business-to-business is shorthand for “business to business.” It refers to sales you make to other businesses rather than to individual consumers. Sales to consumers are referred to as “business-to-consumer” sales or B2C.
(B2C) business-to-consumer refers to the process of selling products and services directly between consumers who are the end-users of its products or services. Most companies that sell directly to consumers can be referred to as B2C companies
A country in South America has large reserves of copper and tin. Mining forms the pillar of its economy. A major part of its revenue is generated from exporting these resources. This country is poor in many other ways. It is a good market for large equipment, tools, supplies, and trucks. Since there are many foreign residents in this country and a wealthy upper class, it is also a market for luxury goods. This country most likely has a(n) ________ economy.
Answer: raw material exporting economy
Explanation: In simple words, these refers to the economies which have huge reserves for natural resources but are poor in the other ways. Chile and democratic republic of Congo are some of many examples of this kind of economy.
Usually these forms of economies earns majority of their revenue from exporting these resources to other countries ans they lack proper technology to use them properly. Also, difference between classes is huge in such economies.
Thus, from the above we can conclude that the country in the given case is raw material exporting economy.
Assume that Jack and Hal and Sophia enter into an agreement for the sale of the restaurant. Hal and Sophia get a loan from the Fourth National Bank to pay for it. When their first payment is due, however, they get a letter from Bank of North America stating that they bought the loan from Fourth National Bank. Which of the following is true?A. Fourth National Bank made a delegation.B. Bank of North America became an incidental third party beneficiary.C. Fourth National Bank made an assignment.D. Bank of North America became an intended third party beneficiary.
Answer:
C. Fourth National Bank made an assignment.
The correct answer is that Fourth National Bank made an assignment by selling the loan to the Bank of North America, transferring its right to receive loan payments to another entity.
When the Fourth National Bank sold the loan to the Bank of North America, what occurred was an assignment. This means that the Fourth National Bank transferred its rights to receive the loan payments to another party, the Bank of North America. In this scenario, the Bank of North America did not become an intended third party beneficiary, because its rights arose not from the contract itself but from a separate agreement with the Fourth National Bank to purchase the loan. An incidental beneficiary would not have rights in the contract; thus, the Bank of North America does not fit that category either. A delegation involves transferring duties, not rights, which is not the case here since the bank is not delegating its duty to make payments; it is transferring the asset, which is the right to receive payments.
For each of the goods below, identify the characteristics that describe each good. Note that each good will be characterized with two characteristics. Rivalrous is also referred to as rival in consumption. Consider only the immediate benefits and costs, not any externalities.
National Defense Excludable
Pay per view cable TV Nonexcludable
A Hot Pocket sandwich Rivalrous
Private classroom education Npnrivalrous
Pajamas
A unicycle
Goods are characterized as rivalrous or non-rivalrous and excludable or non-excludable. A Hot Pocket sandwich is rivalrous and excludable, national defense is non-rivalrous and non-excludable, and classroom education is typically excludable and can be either rivalrous or non-rivalrous. Pajamas and a unicycle are both rivalrous and excludable.
Explanation:In economics, goods can be classified along two main characteristics: rivalrous (or rival) and excludable.
Rivalrous goods are those that cannot be enjoyed by more than one person at a time without diminishing the supply. For example, a Hot Pocket sandwich is rivalrous because once someone consumes it, it's gone, and no one else can consume that same sandwich.
Excludable goods are those from which it is possible to prevent people from benefiting. For example, Pay per view cable TV is excludable because the provider can restrict access to those who have not paid for the service.
Non-rivalrous goods can be used by one person without preventing simultaneous use by others. National Defense is a classic example of a non-rivalrous good since one person's use does not diminish availability to others.
Non-excludable goods are available to all and cannot effectively exclude anyone from using them. Again, National Defense is non-excludable because it protects all citizens regardless of whether an individual has contributed to its provision.
Private classroom education is typically excludable, as only paying students can attend the classes. However, it can be either rivalrous or non-rivalrous, depending on the context. If the class size is limited and additional students are excluded from enrolling because the class is full, it is rivalrous. But if the class can accommodate more students without affecting the educational experience, it is non-rivalrous. For this example, if the class size is indeed limited, making it so one student's enrollment prevents another from joining, it will be rivalrous and excludable.
Items like pajamas and a unicycle are both rivalrous (since only one person can use them at a time) and excludable (owners can prevent others from using them).
The goods can be classified as follows: 1) National Defense: Non-excludable, Non-rivalrous. 2) Pay-per-view Cable TV: Excludable, Non-rivalrous, 3) Pay-per-view Cable TV: Excludable, Non-rivalrous, 4) A Hot Pocket Sandwich: Excludable, Rivalrous, 5) Private Classroom Education: Excludable, Rivalrous, 6) Pajamas: Excludable, Rivalrous and 7) A Unicycle: Excludable, Rivalrous.
National Defense
Excludable or Non-excludable?: Non-excludable. Everyone in the country is protected by national defense regardless of whether they have directly paid for it.Rivalrous or Non-rivalrous?: Non-rivalrous. One person's protection does not decrease the protection available to others.Pay-per-view Cable TV
Excludable or Non-excludable?: Excludable. You need to pay to access pay-per-view cable TV.Rivalrous or Non-rivalrous?: Non-rivalrous. One person's use of the service does not reduce its availability to others.A Hot Pocket Sandwich
Excludable or Non-excludable?: Excludable. You have to buy a Hot Pocket sandwich to consume it.Rivalrous or Non-rivalrous?: Rivalrous. If one person eats a Hot Pocket, it cannot be consumed by anyone else.Private Classroom Education
Excludable or Non-excludable?: Excludable. You need to pay tuition to attend a private school.Rivalrous or Non-rivalrous?: Rivalrous. Class sizes are limited, so if one person occupies a seat, it means fewer seats are available for others.Pajamas
Excludable or Non-excludable?: Excludable. You need to purchase pajamas to wear them.Rivalrous or Non-rivalrous?: Rivalrous. Only one person can wear a pair of pajamas at a time.A Unicycle
Excludable or Non-excludable?: Excludable. You must buy a unicycle to use it.Rivalrous or Non-rivalrous?: Rivalrous. Only one person can ride a unicycle at a time.Complete question-
For each of the following goods, identify whether they are excludable or nonexcludable and whether they are rivalrous or nonrivalrous: National Defense, Pay-per-view cable TV, A Hot Pocket sandwich, Private classroom education, Pajamas, and a unicycle.
When the price level in the united states falls relative to the price level of other countries, what does it signify for US?
Answer:
Deflation
Explanation:
Deflation is a fall in the general price level of goods and services. Deflation occurs when the inflation rate falls below 0%. So when we say the price level in the united states falls relative to the price level of other countries, this signifies that the united state is moving toward or going through Deflation.
Central Bank policy requires Northern Bank to hold 10% of its deposits as reserves. Northern Bank policy prevents it from holding excess reserves. If the central bank purchases $30 million in bonds from Northern Bank what will be the result?
A. Northern's loan assets increase by $30 million.
B. Northern's bond assets increase by S30 million.
C. Northern's net worth changes by $30 million.
D. the money supply in the economy decreases.
Answer:
A) Northern's loan assets increase by $30 million.
Explanation:
Northern Bank is required to hold 10% of its deposits as reserves but that requirement does not apply to money it receives by issuing bonds. The total amount of the money that Northern Bank got from issuing bonds can be used to give loans to their clients.
Generally deposits reserves are used to secure that the bank's customers will be able to get their money back whenever they want. Of course no one expects all the customers will want their money at the same time, that is why the reserve level is only 10%.
Bob is looking for work afterschool, but everywhere he fills out an application, the managers say they always have alot more application than open positions. Tom has a law degree. Several firms have made him an offer, but he thinks he might be able to find andirm where his talents could be put to better use?
A. Bob is structurally unemployed, and Tom is frictionally unemployed
B. Bob and Tom are both frictionally unemployed
C. Bob and Tom are both structurally unemployed
Answer:
The answer is letter A.
Explanation:
Bob is structurally unemployed, and Tom is frictionally unemployed
Hi Ethan,
As you may know, Macy’s is in a battle with Abercrombie & Fitch for sales among 15- to 20-year-old female customers. We are relocating our Junior department to the basement of our store to give young people a separate entrance and place to call their own. We want to beat Abercrombie & Fitch, and we’ll all need to work together to make that happen.
Thanks for your hard work. Together we can do this!
Best regards,
William
Do you think some kind of reward would be appropriate to motivate Ethan? If so, what should it be?
1. A choice of work assignments
2. Two days off with pay
3. A $200 bonus
Answer:
Two days off with pay
Explanation:
As the company will relocate the junior department the employee can ake a few days off as there will be no place o perform the sales until the rlocatino is done. This will refresh their energy and view their job as important enought to make them work only when the contidition are optimal.
At Lorenzo's workplace, the performance appraisal process includes measurements of organizational citizenship behaviors, such as volunteering for unpleasant tasks and helping new employees socialize into the work team. Lorenzo's employer is___________.
a. enforcing job requirements.
b. using inappropriate information.
c. committing a halo error.
d. relying on a ranking method.
e. rating contextual performance.
Lorenzo's employer is rating contextual performance by evaluating organizational citizenship behaviors, which are voluntary activities that contribute to the organization's social and psychological environment. The correct answer is e. rating contextual performance.
At Lorenzo's workplace, the performance appraisal process includes measurements of organizational citizenship behaviors (OCB), such as volunteering for unpleasant tasks and helping new employees socialize into the work team.
These behaviors, which go beyond the basic requirements of the job, are discretionary and benefit the organization by contributing to its smooth operation. Therefore, when Lorenzo's employer appraises these behaviors, they are rating contextual performance.
Contextual performance refers to tasks an employee does which helps to enhance the organizational environment but is not part of their formal job description.
This contrasts with task performance, which encompasses the technical aspects of a job. By including OCBs in the appraisal, Lorenzo's employer is aiming to foster a cooperative and supportive workplace culture.
Paula owns a variety store in a tourist town. The store recently went online, and the response has been remarkable. The store’s current infrastructure is running close to capacity, so handling the influx of orders is taking much longer than it should.
Which of the following cloud computing services would make the most sense for the business?
a) Add another server to their infrastructure.
b) Use grid computing to process the orders across many servers.
c) Use cloud computing services.
d) Use the services of a utility computing provider.
e) Convert their existing servers to virtual services
Answer:
a) Add another server to their infrastructure.
Explanation:
Cloud computing service provides for access of various private or public clouds so that the storage of the information is sorted and there is no problem in storing such data and information.
Other than storage there are other services like, security and outside programming are also provided.
But in the given instance if the server is getting loaded with the data, and it can be solved by adding another server and that will maintain the privacy and security of data.
Thus, the best option will be to install another server.
_____ enable decision makers in different locations to participate in a group decision-making process. a. Enterprise management systems b. Electronic meeting systems c. Geographic information systems d. Database management systems
Answer: Electronic Meeting Systems.
Explanation: Electronic Meeting system as the name implies is a form of done on the Web where the participant are in different locations but communicate among themselves using a common online platform.
Electronic meeting systems breaks the distance barrier thereby enabling people miles apart to rub minds and brainstorm on issues they share in common.
The Coffee Express company is located in a business district with few customers on the weekend. To attract customers on Saturday and Sundays, it reduces its prices on these two days. This is an example ofA. the target return effect.
B. the substitution effect.
C.dynamic pricing.
D. the income effect.
E. cross-price elasticity.
Answer:
C.dynamic pricing.
Explanation:
This is an example of dynamic pricing, also known as price discrimination. This involves charging different prices to different consumers, very common in aviation where people pay different prices for the same class of a flight. Dynamic pricing also works well in situations like the one described in this question. On weekdays, there is a high movement of customers, so the price can be high. On the weekend there is no commercial movement, so the coffee shop decreases the price to generate a stimulus for customers to leave their homes to go to the store to consume the product. Therefore, the price of coffee in this case is dynamic and varies according to available demand.
When setting prices, the price floor is usually defined by ______ of producing and marketing the product.A. The total costsB. The total fixed costsC. The average variable costsD. The average total costsE. None of the above.
Answer: Option E - None of the above
Explanation:
Price floor is a situation whereby, the price to be charged falls above or below the market's force equilibrium price of supply and demand. This can be government or group imposed price, price floor has to be above the equilibrium price for it to be effective.
During periods of expansion, automatic stabilizers cause government expenditures to rise and taxes to fall.a) trueb) false
Answer:
The answer is false
Explanation:
Expansions in the business cycle cause automatic stabilizers in the form of taxes to rise, and those in the form of government expenditures to fall.
An example of an automatic stabilizer is a progressive income tax scheme that adjusts to economic activity: rates rise when incomes are higher and economic activity is expanding, and rates fall when incomes are lower and economic activity is contracting.
Another example of an automatic stabilizer is transfer payments that increase when incomes are low in times of economic contraction, and decrease when incomes are high in times of economic growth.
In conclusion, the correct answer would be exactly the opposite: during periods of economic expansion, automatic stabilizers cause government expenditures to fall, and taxes to rise. Hence, the answer for this question is false.
Financial leverage_________.
I. increases expected ROE but does not affect its variability.
II. increases breakeven, like operating leverage, but increases the rate of earnings per share growth once breakeven is achieved.
III. is a fundamental financial variable affecting sustainable growth.
IV. increases expected return and risk to owners.
A) I and II only.
B) I and III only.
C) II and IV only.
D) II, III, and IV only.
E) I, II, III, and IV.
F) None of the above.
Answer:
D) II, III, and IV only.
Explanation:
Financial leverage arises when a company uses levered funds that is debt funds to finance the assets needed by the company.
In this manner the cost of equity increases, but the cost of debt helps in increasing the Earnings per share.
It in any manner increases the cost of operating as debt provides for cost of interest to be paid, which is not avoidable.
It is a financial cost as it provides finance to the company, and the charges in the form of interest even provide for tax benefit.
This, after increasing the operating cost increases the expected return of the equity holders, also the risk is increased with increased cost of operating the business.
Chevron placed several ads for its "We Agree" campaign placed ads stating its support for renewable energy, protecting the planet, and community development. This is an example of Multiple Choice competitive institutional advertisements. pioneering institutional advertisements. competitive product advertisements. advocacy advertisements. publicity announcements.
Answer:
The correct answer is Advocacy advertisements.
Explanation:
In general terms, for a potential customer or buyer (person, company, organization, government) to acquire or buy a product that he needs or desires (be it a good, service, idea, place, person or combinations of these), he needs before: 1) know of its existence, 2) feel persuaded to buy that product and 3) remember that it exists.
Therefore, if we want to get potential customers to buy an X product (which obviously has to be of good quality, meet needs or desires, have a price that customers are willing to pay and be available at the right time and place), It is essential to carry out a series of activities that adequately communicate to those potential customers the existence of that product, persuade them to buy it and then remind them that it exists. And all this is part of a marketing tool: THE PROMOTION.
Daniel and Annie signed a contract providing that Daniel would lend $50,000 to Annie's craft beer business at an interest rate of 8 percent. During negotiations, Daniel and Annie agreed that the interest rate would go down to 5 percent once she had sold 25,000 cases. This provision never made it into the contract. After the contract had been signed, Daniel agreed to reduce the interest rate to 6 percent once volume exceeded 25,000 cases. The contract had an integration provision but no modification clause. What is an integration clause?
Answer:
Explanation:
An integration clause is a form of restriction in a contract which establishes that only the terms and conditions of the agreement written down in the contract will be taken into account, leaving other factors or treatments previously agreed upon prior to the signing of the agreement invalid. In this case, the verbal agreement to lower the interest rate to 5%, as it is not written in the contract, is not valid. For this reason, Annie would be forced to accept the 6% that Daniel finally offers her.
Soles is a footwear company which has recently set up its store in Ambrosia. To manufacture its products, Soles incurs a range of different costs. Which of the following would be an example of an indirect cost?
a. Salary paid to factory workers
b. Cost of leather used to manufacture shoes
c. Electricity used to run its factories
d. Cost of machines to produce shoes
Answer:
c. Electricity used to run its factories
Explanation:
Indirect costs are expenses that cannot be assigned to a particular project or item exclusively. They are associated with various activities in an organization or a project. Indirect costs will mostly comprise overheads or fixed costs. Unlike direct cost that can be attached to a specific item, indirect costs are the general expenses.
The cost of electricity used to run factories cannot be associated with the store in Ambrosia solely. It may include costs from other centers or factories. The other option which consists of the cost of machines, cost of leather and salary for factory workers are directly related to shoe production.
PLastics INc will pay an annual dividend of $1.85 Next year. THey just announced that future dividends will be increasing by 2.25% annually. How much are you willing to pay for one share of this stock if yoyu require a 16% return?a. 13.45b. 13.61c. 13.76d. 14.02e. 14.45
Answer:
In order to find the intrinsic value of a stock or how much we should pay for the stock we can use the dividend discount method. The formula is
D*(1+G)/(R-G).
D= Dividend = 1.85
G= Growth Rate= 2.25%
R= Required return= 16%
In order to find the price we will input these values in the formula
1.85*(1+0.0225)/(0.16-0.0225= 13.76
We will be willing to pay $13.76 for this stock.
Ans c. 13.76
Explanation:
Which of the following statements is false?A. In a make-to-order environment, the forecasts tend to be for groups of products.B. If the lead time to buy raw materials is long, the forecasts go farther out into the future.C. In a make-to-stock environment, forecasts tend to be more detailed and can get down to specific individual products.D. All of the above statements are true.
Answer:
D) All of the above statements are true.
Explanation:
A. In a make-to-order environment, the forecasts tend to be for groups of products.
Make to order products are manufactured following the client's specifications. This type of product are not made one at a time, but are made in batches, e.g. 10,000 units of a certain door model.
B. If the lead time to buy raw materials is long, the forecasts go farther out into the future.
If you know that it takes longer to purchase raw materials or any other type of material, you must forecast the amount of material you will need for longer periods of time.
C. In a make-to-stock environment, forecasts tend to be more detailed and can get down to specific individual products.
Make to stock purchases are done to match your expected sales volumes, so if you estimate your sales of product Y to be 200 units, then you will forecast the purchase of 200 units of that product.
A "foreign bond" issue is
a.one denominated in a particular currency but sold to investors in national capital markets other than the country that issued the denominating currency.
b. one offered by a foreign borrower to investors in a national market and denominated in that nation's currency.
c. for example, a German MNC issuing dollar-denominated bonds to U.S. investors.
d. both b and c
Answer:
d. both b and c
A foreign bond is when a foreign entity issues a bond in a local market and in local currency so for example if a Italian company issued a bond to borrow money from American markets, and the bond was issued in USA and it's currency was dollars then it would be classified as a foreign bond so in this case both B and C are correct because a German MNC issuing dollar denominated bonds is an example of a foreign entity issuing a bond in a local market denominated in local currency, and a bond issues by a foreign borrower to investors in national market and denominated in that nation's currency is also an example of a foreign bond
Explanation:
A foreign bond issue refers to a bond offered by a foreign borrower to investors in a national market, denominated in that nation's currency.
Explanation:A 'foreign bond' issue is option d, which means both b and c. It refers to a bond that is offered by a foreign borrower to investors in a national market and is denominated in that nation's currency. This could include, for example, a German multinational corporation issuing dollar-denominated bonds to U.S. investors.
Ewa is a current employee of Financial Accounting, Inc. Gomer, a former Financial employee who is currently unemployed, collects unemployment compensation. This is provided by a tax on:
a. Ewa and Gomer only.
b. Ewa, Financial, and Gomer.
c. Financial only.
d. none of these parties.
Answer:
The correct answer is C) Financial Accounting Inc. only
Explanation:
Unemployment compensation, or unemployment benefits, are funded by employers, in this case, Financial Accounting Inc.
Employers pay a specific type of payroll tax named Federal Unemployment Act Tax (FUTA). This tax is paid at a rate of 0.6% of an employee compensation (iin this case, Ewa). While Ewa might bear some economic cost from thsi tax, for example, in the form of lower ages, he his not formally paying any tax, therefore, all the cost of the unemployment compensation Gomer is receiving is being born by the company.
Unemployment compensation is funded by a tax on the employer, so the correct answer to the question is that the tax is paid by Financial only, not by Ewa (the current employee) or Gomer (the former employee).
Explanation:Unemployment compensation is provided through a taxation system that involves employers. The taxes are typically paid by the employer and not by the employees or the unemployed individuals. Therefore, in the scenario presented, the unemployment compensation that Gomer collects would be funded by a tax on Financial only, making option c the correct answer. Current employees like Ewa and former employees like Gomer do not directly pay this tax.
Bradley, an employee at Symphony Inc., noticed his colleague, Adriana, stealing office supplies from the office. He placed an anonymous call to upper management to inform them about Adriana's unethical behavior. In this scenario, which of the following tools did Bradley use to overcome organizational silence?
Answer:
The Company Hotline
Explanation:
Company's Hotline policy shall be well communicated. This policy is basically prepared for managing the acts of company's unethical nature, which shall not be conducted, therefore, in order to regulate these kind of transactions the companies prepare this policy, in which employees are praised for reporting and noticing such transactions and acts.
In any manner if a fraud is detected and that the company is able to check on that because of some employee then the company shall provide the employee with some benefits whether monetary or non-monetary.
Even in the given case, the policy is Company's Hotline.
Suppose you purchase one WFM May 100 call contract at $5 and write one WFM May 105 call contract at $2. The maximum loss you could suffer from your strategy is Select one:
a.$200.
b.$300.
c.zero.
d.$500.
Answer:
The correct answer is B that is $300
Explanation:
The amount of maximum loss which is suffered from the strategy is computed as:
Amount of maximum loss = (WFM May 100 call contract price + WFM May 105 call contract price) × 100
= (-$5 + $2) × 100
= -$3 × 100
= -$300
Note: Options contracts are for 100 shares of the stock, so the quoted premium is multiplied by 100.
The question relates to options trading, specifically a bull call spread strategy. The maximum loss from this strategy, given the investor bought a WFM May 100 call for $5 and wrote a WFM May 105 call for $2, would be the net outlay of $300.
Explanation:In the given scenario, you purchase one WFM May 100 call contract for $5, which costs you $500 (as one contract represents 100 shares). Simultaneously, you write one WFM May 105 call contract at $2, earning you $200. This strategy is known as a bull call spread, which is a type of options strategy employed when the investor believes that the price of the underlying assets will rise moderately.
Your net outlay (or the initial cost) of this spread is $300 ($500 - $200). This will be your maximum possible loss if WFM closes below $100 at May expiration, as both options will expire worthless. Thereby, the correct answer is b. $300.
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According to salary, the average salary for a software engineer level III (a higher-level position in software design and implementation) in the Silicon Valley area of California is $108,244. However, Google pays its level III software engineers an average salary of $124,258. Why does Google pay a salary higher than the equilibrium salary for equivalent positions in the same area?
Answer:
Google acts according to the efficiency wage theory.
Explanation:
The efficiency wage theory states that if an employer increases the wage of his/her employees, they will be motivated and their productivity will increase. The increase in productivity should offset the increased labor costs. So the costs of higher wages should be recouped through increased productivity. Higher wages also reduce worker turnover, reducing hiring and training costs.
It pays higher-than-average salaries to its level III software engineers due to the specific benefits of working there, which could range from taking on challenging work, the company's reputation, or to compensate for the expectations of a high workload. The disparity arises as a part of strategic compensation strategy. Salary isn't solely determined by the 'market rate' but influenced by several factors including the value the employee adds to the business.
Explanation:The question pertains to the difference in salary given to level III software engineers between the average in the Silicon Valley area and specifically at . The disparity arises due to the specific conditions and benefits of working at , which warrant a higher salary level as part of their broader compensation strategy.
For example, may provide a higher salary to attract the best talent, or to compensate for their expectations of a high workload or a demanding role. Furthermore, reputation, prestige, and the satisfaction derived from working on challenging projects can also justify a higher salary. This is a common practice in wage differentiation, also seen in different professions like the wage disparities reported amid scientists in the U.S. and Canada.
In essence, the salary a company offers isn't defined solely by the regional 'market rate'. Several variables - including the firm's prestige, the complexity or demand associated with the role, company culture, and the projected value an employee adds to the business - can influence wage offers.
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The fixed cost of Brendon Willows, a baseball bat manufacturing company, is $500,000 per year. The cost of wood and labor to manufacture one bat is $5. If the customers pay $25 to buy one bat, how many bats does Brendon Willows need to sell to break even?A. 20,000B. 25,000C. 100,000D. 150,000
Answer:
option (B) 25,000
Explanation:
Data provided in the question:
Fixed cost = $500,000 per year
Cost of wood and labor to manufacture one bat = $5
Selling price of the bat = $25
Now,
At breakeven, total cost equals to the total revenue
let the breakeven quantity be 'x'
thus,
$500,000 + $5x = $25x
or
$25x - $5x = $500,000
or
$20x = $500,000
or
x = 25,000
Hence,
the correct answer is option (B) 25,000
Which of the following is a step in the control process? _______
A) implement TQM
B) compare work units to one another
C) establish standards
D) complete a job redesign
E) evaluate opportunities
Answer:
The correct answer is (C)
Explanation:
Controlling is one of the most significant elements of the executives. Its fundamental goal is to guarantee that an association's exercises are progressing as arranged. The initial phase in the control procedure is to set up standards against which results can be estimated. It is significant for directors to convey their organisations objectives, measures and targets as plainly as could reasonably be expected
Henry runs moonlight café, a world renowned fast-food restaurant, in his locality. he started the restaurant after getting a license from moonlight café and by regularly paying it a fee for the right to use its brand name, products, and methods of operation. henry most likely operates a(n) _____.a. chain store.b. warehouse club.c. franchise.d. independent retail store
Answer:
letter c is correct. Franchise.
Explanation:
A franchise is a business strategy whose main objective is to provide a predetermined operating model by paying fees for the trademark license.
Large companies are examples of franchise, such as MC Donald's, which is a globally consolidated brand and sells franchisees the right to use the brand.
In addition to the right to use the brand, the franchisee also has access to:
infrastructure,know-how exclusive or semi-exclusive distribution of products or services, trainingThe biggest benefit realized when purchasing a franchise is to start a business that has already reached a level of marketing maturity and presents credibility and value to consumers.
Costs that do not differ between alternatives are ________.
A. considered irrelevant to the decision.
B. relevant to the decision.
C. considered opportunity costs.
D. important only if they represent a material dollar amount
Answer:
A. considered irrelevant to the decision.
Explanation:
The essence of decision making is to get best value considering the various elements of cost involved.
Cost that do not differ between alternatives are considered irrelevant to decision making as such cost (where necessary for project) will be incurred without a loss or gain in the amount spent. Opportunity cost refers to the cost of the alternative forgone but this question talks about cost that do not differ between alternatives hence option C is not right.
Cost are not only considered when they represent a material dollar amount rather they are considered on the basis of their importance to the project.
Therefore considering all the options, the right answer is A as Costs that do not differ between alternatives are considered irrelevant to the decision.
Which is probably the most immediate and significant effect of database technology on accounting?
a. change in the nature of financial reporting
b. elimination of traditional records such as journals and ledgers
c. replacement of the double entry-system
d. quicker access to and greater use of accounting information in decision-making
Answer: quicker access to and greater use of accounting information in decision-making
Explanation: Database technology is used in accounting to easily carry out accounting calculations for income, expenses, and tax and also database technology helps to keep financial records of an organization overtime all done on a computer or the mobile application.
Database technology helps organization to easily access financial data stored on their database, which would have taken longer time using previous database storage methods.
Lowden Company has an overhead application rate of 160% and allocates overhead based on direct material cost. During the current period, direct labor cost is $61,000 and direct materials used cost $79,000. Determine the amount of overhead Lowden Company should record in the current period.
a) $49,375.
b) $38,125.
c) $79,000.
d) $126,400.
e) $61,000
Answer:
=$126,400.00
Explanation:
Overhead application rate: 160 per cent on direct material cost
Direct labor cost : $ 61,000
Direct materiel cost: $ 79,000
Overhead cost = 160 per cent of $ 79,000.00
= $79,000x1.6
=$126,400.00