Answer:
8.75%
Explanation:
The forecast error refers to the actual value of the currency vs the expected value of the currency. A forecast is just an estimate or educated guess, and as any estimate it can be wrong.
The absolute forecast error = [(actual – forecast) / actual] x 100 = [$0.80 - $0.73) / $0.80] x 100 = 8.75%
Final answer:
The absolute forecast error as a percentage of the realized value is 8.75%, calculated by the difference between the forecasted and realized value, divided by the realized value and multiplied by 100.
Explanation:
The absolute forecast error is calculated by taking the absolute value of the difference between the forecasted value and the realized value, and then dividing by the realized value to convert it into a percentage. In this case, Silicon Co. forecasted the Canadian dollar to be $0.73, while the realized value was actually $0.80. Therefore, the absolute forecast error is the absolute value of ($0.73 - $0.80) which equals $0.07. To find the error as a percentage of the realized value, we divide the error by the realized value and then multiply by 100, i.e., ($0.07 / $0.80) * 100 = 8.75%.
Thus, the absolute forecast error as a percentage of the realized value was 8.75%.
Jahwana works for a large corporation with a 401(k) retirement plan. The company matches dollar for dollar the first 5% of the employee's salary contributed to the 401(k). Jahwana currently earns $40,000 in gross salary and she currently contributes 15% of her salary into her 401(k). How much money in dollars is the total contribution to her account (her contribution plus the employer match) every year?
Answer:
$8,000
Explanation:
Jahwana earns $40,000:
her 401k contributions = 15% x $40,000 = $6,000
Jahwana's employer contributes $1 per $1 that she contributes but only up to 5%, so her employee's 401k contribution = 5% x $40,000 = $2,000
total annual contribution = $6,000 + $2,000 = $8,000
Answer:
$8,000
Explanation:
Total contribution to Sophia's account = Jahwana's contribution + Company's contribution
Jahwana's contribution ( $ 40,000 * 15% ) = $ 6,000
Company contribution( $ 40,000 * 5% ) = $ 2,000
( $ to $ restricted to 5% of employee's salary)
Total contribution to Jahwana's account = $ 8,000.00
Hometown Appliance has been having issues with salesmen who are giving customers incorrect pricing or information or creating advertising to draw customers into the store only to tell them that the item is sold out. In order to resolve some of the ethical issues that the organization is having, what might be the best solution?
Answer:
start at the top of the command structure
Explanation:
Based on the scenario being described it can be said that the best solution to this would most likely be to start at the top of the command structure. This would allow you to go down the chain of command in order to find and stop the communication problem at the source. Which in doing so you will fix the problem completely, since the rest of the employees will begin to receive the correct information regarding the products.
The Welcome Inn has its new orientation program in place. The general manager has decided that new hires will work in relatively easy jobs until they get a feel for the work and get familiar with the industry. The Welcome Inn management is using which of the following undesirable approaches to orientation?a.a Mickey Mouse approachb.suffocationc.unrealistic job previewsd.emphasis on paperwork
Answer:
A) a Mickey Mouse approach
Explanation:
A Mickey Mouse approach to orientation refers to training or assigning new employees with the easiest jobs available so that they can feel the work and the company's organizational culture. The problem with this type of approach is that new employees might feel that their own capabilities are not being taken in account. It can lower new employees' morale and actually make them want to change their job. E.g. you are an accountant and they assign you a messenger's job.
Many identify increased globalization as a main factor that led to the economic resurgence seen in the 1990s. Although globalization has been an important part of international commerce since the Columbian Exchange between the Old and New Worlds beginning in the 1500s, the globalization of the late twentieth century is unique in many ways. Fill in the blanks to complete the passage describing the response to globalization at the World Trade Organization conference in Seattle in 1999.
Answer:
The response of many people in Seattle at the World Trade Organization conference of 1991 was overwhelmingly negative.
Many anti-globalization groups met there to protest, and the protests soon erupted into riots.
Among the groups protestings were: enviromentalists, conservationists, trade unions, socialists and communist parties, and citizens who opposed globalization.
The World Trade Organization was seen by those groups of people as a too powerful tool that was bringing globalization to countries without necessarily having the consent of the people.
The rise of globalization in the late twentieth century, characterized by a significant increase in international trade and capital flows, is largely credited with driving the economic resurgence in the 1990s. This modern wave of globalization distinguished itself with the growth of multinational corporations and complex global networks, leading to varied reactions such as those seen during the WTO conference in Seattle in 1999.
Explanation:Globalization and the 1990s Economic Resurgence
The economic resurgence in the 1990s is frequently attributed to the intensification of globalization, an ever-growing expansion of cultural, political, and economic connections across the globe. Notably different from earlier forms of international trade, globalization in the late twentieth century was characterized by an unprecedented increase in the exchange of goods, services, and financial capital across national borders. The response to this wave of globalization culminated in significant events such as the World Trade Organization conference in Seattle in 1999, which sparked widespread debate and protests reflecting diverse reactions to the impact of global economic integration.
The concept of globalization is not new, dating back to the Columbian Exchange; however, the rapid acceleration in the late twentieth century was a result of various technological, political, and economic changes. Global exports as a percentage of global GDP climbed significantly from the nineteenth century through the early part of the twentieth century, only to be interrupted by world wars and economic depressions. Following World War II, the process of rebuilding global economic connections began slowly, and by the 1980s, the impact of global economic forces on the world economy started becoming as salient as they were before World War I.
Modern globalization can be observed through multinational corporations like Walmart, McDonald's, or Ford engaging in international trade by utilizing labor and resources from various countries to offer products and services worldwide. The complexities and scale of economic globalization have prompted diverse responses, including the significant protests at the WTO conference in Seattle, reflecting the concerns and critiques from different sectors of society about the implications of such global interconnectedness.
Angela, a salesperson at QuantaSource, informs her coworkers that one of their accounts requires a high level of selling effort since it is possible to strengthen their competitive position. However, Juan, another salesperson, argues that the account requires a moderate level of selling effort that is sufficient to maintain their current competitive position.
On the basis of portfolio analysis, what should strengthen Angela's argument?
Answer:
The account opportunity is high, but competitive position is weak.
Explanation:
In management, portfolio analysis refers to evaluating the products or services sold or offered by the company and their environment. This way we can identify which strategies would help to increase the company's market share and increase projected sales.
In this case, if the account is important and the opportunity to increase or consolidate the account is high, the company must actively engage in actions that can help them secure the account.
Suppose you own a proftable tailoring company that hires two workers. The combined production of the two workers is ten shirts per day. You decide to double the amount of capital and labor and see that the total number of shirts produced each day has increased to 22. This implies that your company is exhibiting:___________.
1. Decreasing returns to scale
2. Diminishing marginal product
3. Constant returns to scale
4, Economies of scale
Answer:
4. Economies of scale
Explanation:
In microeconomics, economies of scale are the cost advantages derived by an increased level of production.
When you decide to double the amount of capital and labor resulting in an increase in total number of shirts produced each day, this implies that your company is exhibiting Economies of scale.
Final answer:
The tailoring company doubling its capital and labor and receiving an output increase from 10 to 22 shirts per day is an example of economies of scale and illustrates increasing returns to scale. The correct option is 4.
Explanation:
When the tailoring company doubled both the amount of capital and the number of workers, the production of shirts increased from 10 shirts per day to 22 shirts per day. This change in output is indicative of economies of scale. If we consider the concept of returns to scale, we can determine that the company is experiencing increasing returns to scale, because doubling the inputs (both capital and labor) has resulted in more than a doubling of output. This is illustrated by the fact that an increase in resource usage by a certain percentage has led to an increase in output by a greater percentage, which characterizes increasing returns to scale.
In contrast, constant returns to scale would imply that the output would have exactly doubled to 20 shirts, since the inputs were doubled. Since the increase of output (from 10 to 22 shirts) is greater than the proportional increase in inputs, we can firmly conclude that the firm is not operating under constant returns to scale or diminishing returns to scale, but rather, it is benefiting from economies of scale with increased productivity.
You are working on a project that is being implemented in a country different from your country of origin. You also have team members in several locations around the globe. You should consider all of the following specifically in regard to managing teams in this situation except for which one?
A. Time zones
B. Project presentation methods
C. Cultural differences
D. Communication styles
Answer:
Project presentation methods
Explanation:
When team are working at geographically diverse location, it brings in lot of diversity in terms of culture, attitude and behaviors and communication style.
Moreover, time zone becomes an important factor. Due to location difference there is difference of time zone as well. For example, difference in Asian and American time is almost 12 hours and hence the working hours differs. Thus, team member needs to be aligned with respect t time so that there is smooth information flow and team can coordinate productively.
Similar, owing to diverse location there is cultural difference which effects behavior and attitude of people. Hence the culture should be fully understood so that harmony and unity is established within team. Communication style also varies in different geographies and hence needs to be to understood which communication better suit. Some people may like virtual meeting while some may prefer communication through mail. Even style of speaking varies and need stop be taken care.
Project presentation is something which does not matter much in terms of managing team across globe. It is one of the modes of information sharing among the team. It should be made such that it eases the understanding of people and people are able to understand whatever is being presented.
Hence project presentation method does not impact managing team and is the answer to the question.
An agency relationship between a broker and a seller A. requires a written agency agreement. B. requires a verbal agency agreement. C. requires a deposit good faith money. D. must be approved by the Colorado Real Estate Committee.
Answer:
A. requires a written agency agreement.
Explanation:
A seller agency is a relationship between the agent and the seller of broker and consists of a written contract a type of agreement that is made for a particular home and commission, rights, obligations, and duties etc. The agreement is most commonly called as the exclusive sale under which the agent and the broker earns a commission, this agreement owns the toe of their duties, honesty, loyalty, and dedication in exchange for the property and services.Assume a monopolist with downward-sloping demand and marginal revenue (MR) curves. The monopolist operates with standard marginal cost (MC) and average total cost (ATC) curves. How does a monopolist determine the profit-maximizing output level and the corresponding profit-maximizing price?
Answer:
The monopolist's profit maximizing level of output and corresponding profit-maximizing price is found by equating its marginal revenue with its marginal cost, which is the same profit maximizing condition that a perfectly competitive firm utilizes in determining its equilibrium level of output. Therefore, as the price falls, the market's demand for output increases.
In June of the current year, Susan’s mother gave her 100 shares of a listed stock. The donor’s basis for this stock, which she bought 10 years ago, was $4,000, and market value on the date of the gift was $3,000. Susan sold this stock in July of the current year for $3,500. The donor paid no gift tax. What was Susan’s reportable gain or loss in the current year on the sale of the 100 shares of stock gifted to her?
Answer:
$0 No gain No Loss
Explanation:
To compute gain, a donee's basis is the same as the donor's basis, adjusted for gift tax and For computing loss, the lower of the donor's adjusted basis or the FMV of the property is used.
Therefore If the property is later transferred for more than FMV at the date of the gift but for less than the donor's basis at the date of the gift, no gain (loss) is recognized. Therefore, Susan reports neither gain nor loss.
Gain Loss
Amount realized
$3,500 $3,500
Less: basis
(4,000) (3,000)
Therefore Susan’s reportable gain or loss in the current year on the sale of the 100 shares of stock gifted to her shows No gain No loss
Answer:
$0 gain/loss
Explanation:
donor's basis = $4,000
market value = $3,000
selling price = $3,500
Since Susan acquired the stocks by gift, her basis for loss will be $3,000 (fair market value), but if she made a gain when selling them, her basis for gain will be $4,000 (donor's basis).
Susan's gain = $4,000 - $3,500 = $500
Susan's loss = $3,000 - $3,500 = -$500
since they offset each other, there is no gain/loss.
Source documents: Multiple Choice Are input devices. Provide the information processed by an accounting system. Cannot be electronic files or web communications. Store processed information for future use. Convert information to the system's processing component.
Answer:
Provide the information processed by an accounting system
Explanation:
A source document is a document that collects the data for a trial or first-hand record and is later entered to the cash reports form It consists of the original documents and data and records and contains all the information and records certified copies of the original forms. These may include the findings and the observations and the other activities etc. Some examples include the Lab reports, subject files and hospital records and copies of transaction certificates.Cooper Construction Company had a contract starting April 2021, to construct a $24,000,000 building that is expected to be completed in September 2023, at an estimated cost of $22,000,000. At the end of 2021, the costs to date were $10,120,000 and the estimated total costs to complete had not changed. The progress billings during 2021 were $4,800,000 and the cash collected during 2021 was 3,200,000. Cooper uses the percentage-of-completion method.
For the year ended December 31, 2021, Cooper would recognize gross profit on the building of:___________
a) $843,333
b) $920,000
c) $1,080,000
d) $0
Answer:
b) $920,000
Explanation:
Under Completed contract method,the revenue is recognized only when the contract is 100% complete.
As the contract is not completed in 2021 , the profit is recognized only in the year of completion
If in case question is asked about % of completion answer should be as fallows:
Total gross profit on the contract = total contract value – total estimated cost
= 24,000,000 -22,000,000
= 2,000,000
Total cost in 2021 = 10,120,000
Total % of completion in 2021 = total cost in 2021/ total cost of contract
= 10,120,000/22,000,000
= 46%
Gross profit in 2021 = total gross profit on contract x Total % of completion in 2015
= 2,000,000 x 46%
= $920,000
Unscheduled absenteeism has climbed to its highest levels in XYZ Company last month. Inorder to reduce the costs associated with unscheduled absenteeism HR professionals in XYZCompany decided to change their paid time off policy. This company used to grant eachemployee 10 vacation days, 5 paid days for sick leave, and 4 days for personal leave. With thenew policy, this company combines vacation, sick leave, and personal leave policies into onesingle paid time off policy (i.e., 19 days). The management decided to keep funeral leave as astand-alone policy. What is XYZ Company's new policy called?
A) integrated paid time off
B) combined paid time off
C) sabbatical leave
D) volunteer leave
Answer:
A) integrated paid time off
Explanation:
Integrated paid time off (PTO) is a policy employed by many organizations where all paid time off benefits are combined into one, equaling a total of the paid days off for holidays, vacation, sick leave, and personal days the employee would have received in a separate paid time off system.
The crowding-out effect is Multiple Choice strongest when the economy is at full employment. weakest when there is demand-pull inflation. strongest when the economy is in a deep recession. equally strong, regardless of the state of the macroeconomy.
Answer:
The crowding-out effect is strongest when the economy is at full employment.
Explanation:
The crowding out effect refers to an economic theory which argues that a rising public sector spending drives down or even eliminates private sector spending.
The three main reasons for the occurrence of crowding out effect are:
economics, social welfare, and infrastructure.Crowding out is most effective when an economy is already at potential output or full employment. Then the government's expansionary fiscal policy will encourage price increases, which will lead to an increased demand for money.
A December 15, 2008, purchase of goods was denominated in a currency other than the entity's functional currency. The transaction resulted in a payable that was fixed in terms of the amount of foreign currency and was paid on the settlement date, January 20, 2009. The exchange rate of the currency in which the transaction was denominated changed at December 31, 2008, resulting in a loss that should:
A. Not be reported until January 20, 2009, the settlement date.
B. Be included as a component of comprehensive income for 2008.
C. Be included as a deferred charge at December 31, 2008.
D. Be included as a component of income from continuing operations for 2008.
Answer:
D. Be included as a component of income from continuing operations for 2008.
Explanation:
The exchange rate change in 2008 caused foreign currency exchange to loss. This loss should be recognized in 2008 as a component of income from continuing operations in the income statement. Also, losses and gains that was caused by the changes in exchange rates are identify in current earnings in the period in which the exchange rate changes caused the loss.
Blending the firm's promotion efforts to convey a complete and consistent message is the goal of: A. sales management communications. B. sales promotion communications. C. integrated promotional marketing. D. integrated marketing communications. E. integrated sales promotion.
Answer: D. integrated marketing communication.
Explanation: In integrated marketing communication, it blends the company promotion effort to convey messages that are complete and consistent is a goal to achieve.
Integrated marketing communication is a concept that make sure all forms of messages and communication are linked together. It involves Integrating all promotion tool so it all can work together.
Answer:
D
Explanation:
Integrated marketing promotion is a system where an organization systematically coordinate and link together the different channels of its communication to work in harmony and deliver a complete and consistent message.
The collective result of the different communication channels is always higher compared to each of the channels functioning on its own.
It has its benefit in increased profit , customers' loyalty , effective communication , long term relationship with customers , etc.
Celeste's accountant fails to prepare her tax returns accurately, and Celeste is charged penalties and interest by the Internal Revenue Service (IRS) and her state because of the error. In order to prevail in a lawsuit for negligence against her accountant Celeste must prove all of the following, except that:_______
a. her injury was proximately caused by the accountant's breach of the duty of care.
b. a duty of care existed.
c. she suffered financial harm.
d. the accountant was a member of a professional organization
Answer:
Option D. The accountant was a member of a professional organization.
Explanation:
The reason is that for a successful claim under the negligence act, the claimant have to prove following three things:
Duty of care existed between the relationShe has suffered economic harm &The harm was proximately caused by the accountant's breach of the duty of care.So the accountant's membership is not a valid requirement under the negligence act for a successful claim.
Consider the effects of inflation in an economy composed of only two people: Charles, a bean farmer, and Dina, a rice farmer. Charles and Dina both always consume equal amounts of rice and beans. In 2016 the price of beans was $1, and the price of rice was $4.
1. Suppose that in 2017 the price of beans was $2 and the price of rice was $8.
(a) Inflation= ?%
(b) Indicate whether Charles and Dina were better off, worse off, or unaffected by the changes in prices.
Better Off
Worse Off
Unaffected
Charles
Dina
2. Now suppose that in 2017 the price of beans was $2 and the price of rice was $4.80.
(a) In this case, inflation= ?%
(b) Indicate whether Charles and Dina were better off, worse off, or unaffected by the changes in prices.
Better Off
Worse Off
Unaffected
Charles
Dina
3. Now suppose that in 2017, the price of beans was $2 and the price of rice was $1.60.
(a) In this case, inflation= ?%
(b) Indicate whether Charles and Dina were better off, worse off, or unaffected by the changes in prices.
Better Off
Worse Off
Unaffected
Charles
Dina
4. What matters more to Charles and Dina?
The overall inflation rate
or
The relative price of rice and beans
The inflation in 2017 was 100% and both Charles and Dina are unaffected.
1. In 2016 the price of beans was $1, and the price of rice was $4 but in 2017, the price of beans was $2 and the price of rice was $8.
This implies that the market basket has increased from $5 to $10. The inflation will be: = (10 - 5) / 5 × 100 = 100%
Therefore, both of them are unaffected by the increase in price.
2. If the price of beans was $2 and the price of rice was $4.80, then the market basket is $6.80. Therefore, the inflation will be:
= (6.80 - 5) / 5 × 100
= 36%
Inflation is 36%. In this case, Charles is better off because the price of beans has doubled.
3. The Inflation based on the information given will be:
= (3.60 - 5) / 5 × 100
= -28%
In this case, Charles is still better off and there's a fall in inflation by 28%.
4. It should be noted that the relative price of rice and beans matters more to Charles and Dina.
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For Charles and Dina in a two-person economy of rice and beans, the relative price of goods is of greater importance than the absolute prices due to their consumption and trading patterns. The Consumer Price Index (CPI) highlights the significance of the weighted average of prices in determining inflation's impact on economic decisions.
Explanation:To Charles and Dina, who are both consumers and producers in an economy that only consists of rice and beans, the relative price of these goods would matter more than their absolute prices. Each consumes equal amounts of both goods, so when considering inflation, what matters to them is how the price of one commodity changes relative to the other. If the price of beans, which was $1, inflates to $2, and the price of rice, originally $4, also inflates to $8, their relative price remains the same, and they can continue to trade equally.
However, if the price of beans doubles but the price of rice does not, Charles (the bean farmer) will find that his beans buy less rice than before, adversely affecting his consumption and trade capabilities. The concept of the Consumer Price Index (CPI) exemplifies this by looking at not just individual good's price changes but at a basket of goods and how changes in prices affect buying power.
This consideration of relative prices is crucial in understanding the structure of the economy and how inflation impacts consumption and trade. Changes in the weighted average of prices, accounting for actual consumption, are therefore more relevant to Charles's and Dina's economic decision-making than the change in the price of any single good on its own.
Sarah needs funding to research the efficacy of a certain drug for the treatment of cancer. Though her initial trials have been inconclusive, Sarah is sure that the drug will prove to be effective. However, the organizations she plans to approach for funding will not be very impressed with the results of the previous trials and may withhold funding. Sarah has to structure her proposal in such a way that she emphasizes the positives about the drug and minimizes the negative information. Which of the following best describes Sarah's technique of writing her proposal?
A) diagonal communication
B) filtering
C) defensiveness
D) jargon
Answer:
The answer to this question would be defensiveness or option C) mentioned in the answer list or options.Explanation:
Defensiveness or defensive behavior basically arises from any doubt, fear, prevention of negative outcome/s and/or apprehension of rejection or disapproval.In this case, Sarah is apprehensive or doubtful about the funding that she needs to receive from the various organizations. She is skeptical that if she reveals the negative outcomes or the information about the cancer medicine or drug that she is working on, she might loose funding for her research and experiments.Therefore, in this case, Sarah's approach towards the construction of the research proposal can be ideally identified as a defensive mechanism to prevent any undesirable outcome,reflected by the potential possibility of rejection of the research funding.This defensive mentality led her to eliminate all the negative information or results and only include the positive ones about the concerned drug.A primary purpose of the ICH is to: Require FDA registration of worldwide clinical trials. Minimize the need for redundant research. Require publication of negative trial results. Develop mandatory worldwide regulations for drug development.
Answer:
Minimize the need for redundant research.
Explanation:
ICH stands for "International Conference on Harmonisation of Technical Requirements for Registration of Pharmaceuticals for human Use"
The ICH is an initiative that was established in other to unite pharmaceutical industries and regulatory authorities to talk about the science and technicality of development and registration of pharmaceutical products.
The main aim of ICH is to harmonize processes and requirements for the registration of pharmaceutical products for the purpose promoting public health.
This harmonisation of protocols and designs help to minimize the need for redundant research and produce safe and high quality pharmaceuticals while following regulatory obligations.
A primary purpose of the International Council for Harmonisation ICH is to Minimize the need for redundant research. The correct option is A.
The International Council for Harmonisation of Technical Requirements for Pharmaceuticals for Human Use (ICH) is an organization that brings together regulatory agencies and the pharmaceutical industry from all over the world to develop and promote unified policies and standards for the creation, submission, and post-approval of pharmaceutical products.
Minimizing the necessity for redundant research is one of the ICH's main goals. To do this, uniform standards and norms for drug development, clinical trials, and regulatory criteria are established.
Thus, the ideal selection is option A.
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Which of the following is NOT one of the main tasks of strategy-making in a diversified company? 1. establish investment priorities so that resources are steered into most attractive businesses 2. initiate actions to boost combined performance of
The question seems incomplete but here is the complete question.
Which of the following is not one of the main tasks of strategy-making in a diversified company?
1) Establish investment freedom priorities so that resources re steered into most attractive businesses.
2) initiate actions to boost combined performance of the corporation's collection of businesses
3) Picking the new industries to enter and deciding on the
means of entry.
4) pursuing opportunities to leverage cross-business value
chain relationships and strategic fit into competitive
advantage.
5) Divesting well-performing businesses.
Answer:
5) Divesting well-performing businesses.
Explanation:
A firm or company's strategy-making can be greatly influenced y several factors which do not include the castigation of a fellow company or firm. Strategies involve several methods, factors or ways which a firm, company or business can adopt that may improve it's outputs or other goals which are of great relevance. The other factors mentioned above are great strategies which firm can develop n other to achieve its goals and objectives.
The main task of strategy making for diversify the company should be considered as the Divesting well-performing businesses.
Impact of firm strategy:Since the firm or the strategy of the company should be impacted by the various factors that does not involved the castigation of a fellow company or the firm. Here the business could be adopted for improving the outputs or the other goals that contain the high relevance.
Also, the investment made, initiate actions, etc should be considered as the main task.
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McDonald has invented a machine that harvests corn in the field, automatically shucks the corn from the husk, and peels the kernels from the cob, separating everything for easy disposal or further use. Assuming that all requirements are met for a patent, the length of his patent protection will be __________.a. 14 years from the completion of the invention. b. 20 years from the completion of the invention. c. 14 years from the filing of the application with the U.S. Patent and Trade Office. d. 20 years from the filing of the application with the U.S. Patent and Trade Office.
Answer:
Correct option is (d)
Explanation:
Utility patent is granted to protect an innovation from being copied by others. Utility patent is granted to protect the functionality or usage of the product while design patent is granted to protect the way the product looks like its appearance or ornamentation.
Utility patent is granted for 20 years from the date the application is file with the US trade office while design patent is granted for 14 years from the date of invention.
Here, McDonald's invention is granted utility patent that protects the product for 20 years from the date application is filed with the US patent office.
McDonald's machine for harvesting and processing corn would be protected by a patent for 20 years from the filing date with the U.S. Patent and Trade Office.
Explanation:The length of patent protection for McDonald's invention that harvests, shucks, and peels corn would be 20 years from the filing of the application with the U.S. Patent and Trade Office. This duration applies to most patents on new inventions and is intended to provide a balance between giving the inventor time to recoup their investment and preventing them from maintaining a permanent monopoly. The inventor is granted the exclusive legal right to make, use, or sell the invention during this period. It is worth noting that while patents incentivize innovation, the system is not perfect, with only a fraction of the invention's economic value typically returning to the inventor, and in rapidly advancing industries, patents may quickly become obsolete.
Assume the economy is self-regulating and currently is in long-run equilibrium with the price level equal to P5. If something happens that shifts the AD curve to the AD1position, the economy will eventually settle down at a long-run equilibrium point of __________.a. P5, Q3.b. P4, Q4.c. P3, Q3.d. P3, Q5.e. P4, Q2.
Answer:
c) P3, Q3.
Explanation:
The new long run equilibrium point will be where the aggregate demand curve 1 (AD1) intersects long run aggregate supply curve (LRAS) at P3, Q3.
Since the LRAS curve is horizontal at Q3, all the equilibrium points must be located at Q3, so all you have to check is at what price the AD curve intersects Q3.
There are hundreds of colleges and universities that serve millions of college students each year. The colleges vary by location, size, and educational quality, which allows students with diverse preferences to find schools that match their needs.
Number of firms?
a. one
b. few
c. many
Type of product?
a. Unique
b. Anything
c. Identical
d. Differential
Market Model?
a. Oligopoly
b. Perfect competition
c. Monopolistic Competition
d. Monopoly
Answer:
- many firms
- differential
- monopolistic competition
Explanation:
1. The availability of MANY FIRMS in different locations, sizes and educational quality will help students.
2. Product differentiation is when you develop a product so that customers believe that they are different from similar, competing products. Product differentiation is done through product quality, product design and features, and product support services.
3. Monopolistic competition characterizes an industry in which many firms offer products or services that are similar, but not perfect substitutes. Barriers to entry and exit in a monopolistic competitive industry are low, and the decisions of anyone firm do not directly affect those of its competitors. This kind of market allows students with diverse preferences to find schools that match their needs.
Final answer:
The market structure for colleges and universities features many firms, offers differentiated products, and operates under monopolistic competition.
Explanation:
When considering the market structure of colleges and universities, the number of firms would be categorized as many, indicating a high number of institutions serving college students each year. These firms offer a differentiated type of product since each college or university provides a unique blend of location, size, quality, and educational experience, catering to a diverse range of student preferences. The market model that best describes this scenario is monopolistic competition, where there are many sellers providing similar but not identical products, and each firm has some control over its price and product offerings.
The reserve requirement is 20%. Leroy receives $1,000 as a graduation present and deposits the money in his checking account. The bank does NOT want to hold excess reserves. What is the maximum possible expansion in the money supply as a result of this initial deposit?
Answer:
Maximum expansion in money supply = $5,000
Explanation:
The fractional banking system requires banks to keep a percentage of their total deposit as reserve and lend the rest as loans and advances
The total maximum amount that can be created by the bank is equal TO the amount of deposit multiplied by the creation multiplier.
The multiplier = 1/reserve ratio
Maximum amount = 1,000 × 1/0.2
= $5,000
The maximum possible expansion that could be seen in money supply by using initial deposits would be $5,000.
The reserve requirement is given as 20% or 0.20 and $1,000 as initial deposits.
The computation of money supply expansion is determined with the help of a money multiplier, which is given below:
[tex]k=\frac{1}{RR}\\=\frac{1}{0.20} \\=5[/tex]
Here, k is the money multiplier and RR is the reserve ratio.
Hence, the final increase in the money supply would be derived by multiplying the value of multiplier with initial deposits, that is:
[tex]5*1000\\=5000[/tex]
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Greece Inc. has excess capacity. Under what situations should the company accept a special order for less than the current selling price?
a) When additional fixed costs must be incurred to accommodate the order
b) Never
c) When the company thinks it can use the cheaper materials without the customer's knowledge
d) When incremental revenues exceed incremental costs
Answer:
D) When incremental revenues exceed incremental costs
Explanation:
Incremental revenues are the additional revenues generated by selling additional units, or in this case an special order. Incremental costs are the additional costs generated by accepting the special order.
Generally when a special order is being considered, the company must first determine if the additional output is possible with the current capacity, and if so, which additional costs would apply to the special order. Generally certain fixed costs are not included in the cost analysis of special orders, and only variable costs are used to determine if it generates profits or not.
A firm has issued cumulative preferred stock with a $100 par value and a 12 percent annual dividend. For the past two years, the board of directors has decided not to pay a dividend. At the end of the current year, how much must the preferred stockholders be paid prior to paying the common stockholders
Answer:
Cumulative Preferred Dividend = $36
Explanation:
Given:
Stock value = $100
Dividend payment rate = 12%
Type of share = Cumulative preferred stock
Computation of per year dividend:
Per year dividend = Stock value × Dividend payment rate
Per year dividend = $100 × 12%
Per year dividend = $12
Computation of unpaid dividend:
Total unpaid dividend for 2 years = Per year dividend × 2 year
Total unpaid dividend for 2 years = $12 × 2
Total unpaid dividend for 2 years = $24
Cumulative Preferred Dividend = Current Year Dividend + Total unpaid dividend for 2 years
Cumulative Preferred Dividend = $12 + $24
Cumulative Preferred Dividend = $36
Luxx Inc. currently has assets to $5 million, zero debt, is in the 40 percent federal- plus-state tax bracket, has a net income of $1 million, and pays out 40 percent of its earnings as dividends. Net income is expected to grow at a constant rate of 5 percent per year, 200,000 shares of stock are outstanding, and current WACC is 13.40 percent.
The company is considering a recapitalization where it will issue $1 million in debt and use the proceeds to repurchase stock. Investment bankers have estimated that if the company goes through with the recapitalization, its before-tax cost of debt will be 11%, and its cost of equity will rise to 14.5%.
A. What is the stock's current price per share (before the recapitalization)?
B. Assuming the company maintains the same payout ratio, what will be its stock price following the recapitalization?
Answer: a.)$25 ; b.) $30.96
Explanation:
A.) Stock's current price per share:
Net income = $1,000,000
Dividend paid = 0.40 x $1,000,000 = $400,000
Dividend per share before recapitalization = $400,000 / 200,000 = $2
Price of the share before recapitalization is calculated as:
D1 = $2 × 1.05 = $2.10
P0 = D1/Ke - g
= $2.10/ 0.134 - 0.05
= $25
B.) Portion of equity after recapitalization = (200, 000 x $25) - $1,000,000 = $4,000,000
Portion of debt = $1,000,000
Revised WACC after recapitalization = Ke x E/V + Kd(1-t) x D/V
= 0.145 x $4,000,000/$5,000,000 + 0.11 x (1-0.40) x $1,000,000/$5,000,000
= 0.1292
= 12.92%
Revised net income is calculated as:
Before tax income = $1,000,000/0.60 = $5M
Interest = 0.11 x $1,000,000 = $110,000
Earning before tax = $1556666
40% of tax = $622,666.4
Net income = $933,999.60
Revised dividend = $933,999.60 x 0.40 = $373599.84
DPS = $373599.84/(200,000 - ($1,000,000/$25))
$373599.84/160,000
= $2.335
Revised price of the share after recapitalization:
$2.335 x 1.05 / 0.1292 - 0.05
2.45175 / 0.0792
= $30.96
City Bank is considering making a $50 million loan to a company named SheetOil that wants to commercialize a process for turning used blankets, pillowcases, and sheets into oil. This company’s chances for success are dubious, but City Bank makes the loan anyway because it believes that the government will bail it out if SheetOil goes bankrupt and cannot repay the loan. City Bank’s decision to make the loan has been affected by:__________.
A. Liquidity
B. Moral hazards
C. Token money
D. Securitisation
Answer:
The correct option is B,moral hazards
Explanation:
Securitisation implies the a situation a guarantee against a loan is given by another party or even the borrower by using an asset as a collateral for the sum borrowed.In this case, the government has not given any form of security against SheetOil's loan.
Liquidity is the need to access cash in order to be able to discharge business obligations,hence option A is wrong.
Moral hazards is the tendency to take risks as an incentive to improve business performance,it is clear that City Bank is aware that loan might turn bad but still went in sealing the deal with SheetOil.
An electronic products producer synthesizes its abilities in miniaturization, microprocessor design, material science, and ultrathin precision castings to produce digital watches. It uses the same skills to produce card calculators, digital cameras, and other small electronics. These collective skills are known as _________________.a. shared activities.b. strategic resources.c. core competencies.d. economies of scope.
Answer:
Core competencies
Explanation:
Competencies can be defined as a combination of various skills which are essential to increase productivity.
Core competencies can be described as the different skills and practices which all employees in an organization are expected to possess irrespective of the various department's they belong to.
Some examples of core competencies include:
- Creativity
- Team work
- Technological awareness
- Leadership
- Good sense of organization.
- Accountability
The collective skills that the electronic products producer uses to produce digital watches, card calculators, and digital cameras are known as core competencies.
Explanation:The collective skills that the electronic products producer uses to produce digital watches, card calculators, and digital cameras are known as core competencies. Core competencies refer to the unique strengths and capabilities that a business has, which allow it to outperform its competitors and deliver value to customers. In this case, the company's abilities in miniaturization, microprocessor design, material science, and ultrathin precision castings are its core competencies.
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