Answer:
A. Using a cap-and-trade system of tradable emission allowances will eliminate half of the sulfur dioxide pollution at a cost of $5,000 million per year.
B. If permits cannot be traded, then the cost of the pollution reduction will be $6,000 million per year
Explanation:
A. Using a cap-and-trade system of tradable emission allowances will eliminate half of the sulfur dioxide pollution at a cost of $5,000 million per year.
(250x20) =$5000
B. If permits cannot be traded, then the cost of the pollution reduction will be $6,000 million per year
[250(10)+350(10)]
=$2,500+$3,500
=$6,000
What can cause the supply curve for an inferior good to shift to the right?
Answer:
A decrease in consumer income
Explanation:
Before we move on to answer the question directly, we need to understand what a supply curve is and what are inferior good is.
A supply curve is a graphical representation which is plot of a change in price to a change in quantity supplied, obeying the dictates of the law of supply. The law of supply simply states that the higher the price, the higher the quantity supplied. Thus, it is expected that at higher prices, the quantity supplied should also be higher in order for profit maximization.
So how does a supply curve looks like? A supply curves generally moves upward from left to right, this in confirmation to the law.
What do we mean by an inferior good? An inferior good is one which does not obey the laws of demand and supply. A consumer good demand decreases in the face of rising income. This is in contrast to a normal good which is supposed to have an increase in demand with a rise in income.
Now, what can make an inferior good supply curve shift to the right i.e have more positive income elasticity?
What can cause this is no other factor than a decrease in income. When there is a decrease in consumer income, consumers would be willing to spend less on more expensive substitutes and thus turn over to their inferior goods counterparts. This make their demand go up, driving up the price and making the supply increase.
This singular activity will shift the supply curve of inferior goods to the right.
Cyclical unemployment is closely associated with Select one: a. long-term economic growth. b. short-run ups and downs of the economy. c. fluctuations in the natural rate of unemployment. d. changes in the minimum wage.
Answer:
b. short-run ups and downs of the economy.
Explanation:
Cyclical unemployment is a form of employment that occurs as a result of fluctuations in the economy.
When there's a downturn in the economy, unemployment increases and It falls when there's a boom.
I hope my answer helps you
Answer:
B) short-run ups and downs of the economy.
Explanation:
Cyclical unemployment is a type of involuntary unemployment that occurs during economic recessions when the demand for goods and services decreases, decreasing the demand for employees. Cyclical unemployment is the worst type of unemployment since it results from economic contractions, unlike frictional and structural unemployment that also occur during times of economic growth.
Red Bull enlisted college students as "Red Bull student brand managers" to distribute samples, research drinking trends, design on-campus product promotion activities, and write stories for student newspapers. From a marketing management perspective, which of the following brand equity drivers is most applicable in the given scenario?A) the profitability associated with brand developmentB) associations indirectly transferred to the brand by linking it to a personC) the product and all accompanying marketing activities and supporting marketing programsD) the initial choices for the brand elements or identities making up the brandE) associations indirectly transferred to the brand by linking it to a place
Answer: C. the product and all accompanying marketing activities and supporting marketing programs.
Explanation:
From a marketing management perspective, the activities carried out by the college students and the equity driver applicable here is that " the product and all accompanying marketing activities and supporting marketing programs".
Red bull enlisting college students as brand managers for its product sample distribution, research drinking trends and promotion is part of marketing.
The brakes on Ned's Overland truck malfunction, but he continues to drive it. Unable to slow down, he crashes through a guardrail and careens off the road. In Ned's suit against Overland, the truck maker can raise the defense ofA. commonly known dangers.B. assumption of risk.C. inadequate warning.D. product misuse.
Answer:
B. assumption of risk
Explanation:
Assumption of risk is a doctrine in business law that a defendant can use in defense against a lawsuit filed by a plaintiff who is suing for damages. According to this doctrine, the plaintiff cannot hold the defendant liable for damages sustained in an activity or event in which the plaintiff voluntary took part in, knowing quite well the risk involved. If the defendant can prove that the plaintiff voluntarily assumed the risk, the plaintiff would be barred from recovering any damage sustained from such situation or accident.
Therefore, in Ned's suit against Overland, the truck maker can raise the defense of assumption of risk, in order not to be held liable for any damage sustained in the accident.
Becky graduated with a master degree in Personal Financial Planning. After working two years in a small financial planning firm, Becky earns $60,000 annually and saves $10,000 a year. What is her average propensity to consume?a. 16.7%b. 25.5%c. 75.7%d. 83.3%e. 95.5%
Answer:
Option D.
Explanation:
The average propensity to consume (APC) refers to the ratio of consumption expenditures (C) to disposable income (DI):
APC = C / DI.
From the question, we are given:
Total income = $60,000
Savings = $10,000
Therefore:
Consumption expenditures (C) = 60,000 - 10,000 = $50,000
APC = 50,000 / 60,000
APC = 0.833 or 83.3%
In an exclusive agency listing:a.seller can avoid paying a commission b.if they find the buyer the seller can employ more than one agent c.a seller must pay a commission d.if they find the buyer no commission is allowed
Answer:
d. If they find the buyer, no comission is allowed
Explanation:
Exclusive agency listing is a contractual agreement wherby the seller grant the right to an estate agent or a firm to sell a property on its behalf through payment of commission and the seller can avoid paying commission if the buyer is found by the seller. It is one of the listing agreements. Others are open listing and exclusive right to sell listing.
Exclusive agency listing are not favourable to estate agent or brokerage firm in that the agreement gives a seller right to find or locate a buyer by itself in order to avoid paying commission.
Since lower-income people spend a larger proportion of their incomes on groceries than do higher-income people, if grocery stores were required by law to charge a 10-cent fee for disposable bags, this fee could be considered a Select one: a. progressive tax. b. proportional tax. c. income tax. d. regressive tax.
Answer:
d. regressive tax.
Explanation:
Because as we can see on the given statements that lower income people come to buy grocery than the higher income people, so the 10-cent fee for disposable bags will come under regressive tax, as we know that regressive tax is a tax in which is taken or collected largely from the lower income people than the higher income people.
So, the correct option will be OPTION (d).
In order to develop the best customer base it can, Harrison's Gourmet Foods sends out different types of promotional items to see which one garners the best response in terms of customers who will buy once and come back to order again. The information Harrison's receives provides the basis for _____ modeling.
Answer:
The correct word for the blank space is: predictive.
Explanation:
Predictive modeling, also called predictive analytics, uses data gathered in research and graphics in an attempt to predict events of different types from sports to company earnings. Predictive modeling uses Information Technology (IT) to collect large amounts of data to have the most accurate information in the study that would allow individuals to find out what could happen in the future. Predictive modeling is based on repetitive inputs that could give us an idea that patterns are formed now and then predictably.
The data collected from the different promotional items would be used in predictive modeling. This data mining technique uses past data to predict future customer behavior and can help Harrison's Gourmet Foods develop the best customer base by informing their marketing strategies.
Explanation:In the context of the question, the information Harrison's Gourmet Foods collects from the response of the promotional items forms the basis for predictive modeling. Predictive modeling is a process used in data mining to forecast future outcomes based on historical data.
It looks at patterns and trends in the data to predict future events. In Harrison’s case, they can use predictive modeling to identify which promotional items are more likely to influence customers to buy again, and then adjust marketing strategies accordingly. The goal ultimately being to develop the best customer base.
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Mindy is always asking for the source of comments or research to back up assumptions made at team meetings. Ultimately, the team creates better solutions because of this. What role is Mindy playing as a team member?
Answer:
The correct answer is: Resource Investigator.
Explanation:
There are different roles team members fulfill such as shaper, implementer, finisher, coordinator, team worker, resource investigator, monitor-evaluator, and specialist. The resource investigator role implies requesting support for the information that is portrayed to make sure the data the team has is reliable. Resource investigators are usually good at gathering information from others.
When a firm advertises, it is attempting to: Move consumers along the existing demand curve. Shift the demand curve to the left. Decrease the marginal utility consumers receive from the product. Decrease the price elasticity of demand for the product.
Answer:
Decrease the price elasticity of demand for the product.
Explanation:
Price elasticity of demand for a good measures the responsiveness of the quantity demanded for a good with any change in the price level of the good.
The firm wants to lowers the value of price elasticity of demand by attempting to advertise, so that any change in the price level of the goods will have a less or no impact on the quantity demanded for the good.
If the price elasticity of demand is higher, this indicates that any small change in the price level will have a larger impact on the quantity demanded and if the price elasticity of demand is lower, this indicates that any small change in the price level will have a less or no impact on the quantity demanded.
Final answer:
Advertising aims to either make a firm's demand curve more inelastic or to increase demand by shifting the demand curve to the right, both of which potentially increase profits.
Explanation:
When a firm advertises, it is attempting to do one of two things in the context of monopolistic competition: either make its perceived demand curve become more inelastic, making it steeper, or increase the demand for the product, causing the perceived demand curve to shift to the right. A successful advertising campaign might allow the firm to sell more or charge a higher price, or both, meaning it can increase its profits. In contrast, the entry of other firms into the market generally causes a firm's perceived demand curve to shift to the left, which can reduce the quantity demanded at given prices and potentially decrease profits.
Hagger Sounds has accumulated the following cost and market data on March 31: Cost Data Market Data iPods $24,000 $20,400 Cell phones 18,000 19,000 DVDs 28,000 25,600 Using the lower-of-cost-or-market, how much is the value of the ending inventory? (Apply LCM to each category)
Answer:
$64,000
Explanation:
Hagger Sounds
Cost is been compared to market for each inventory category as follows:
iPods $20,400 + cell phones $18,000 +
DVDs $25,600
= $64,000.
Therefore using the lower-of-cost-or-market, the value of the ending will be $64,000
In 500 words, describe a major financial decision you've made. Describe the decision-making process you went through when making this
financial choice. Describe the opportunity costs you incurred.
Answer:
Plato Answer
Explanation:
The decision-making process consists of the following:
1. Identify the problem.
2. Gather information.
3. Analyze the situation.
4. Develop options.
5. Evaluate alternatives.
6. Select an alternative.
7. Act on the decision.
Recently, I bought a new computer. My decision-making process was as follows:
1. Identify the problem: The computer I used to do homework had broken down. The processor was inoperable. The problem was that I could not effectively do my schoolwork, including doing research, writing papers, and doing math homework that required Excel.
2. Gather information: I found out that a laptop that could handle basic functions and had a wireless network card (for internet access via Wi-Fi) would cost $200. A more sophisticated computer system with a faster processor and software included would cost up to $800.
3. Analyze the situation: The situation was that I had no way of doing my homework without the use of a computer. While I could write papers by hand and do research at the library, these were not viable because I had no way of getting to the library. In addition, my teachers would not accept handwritten papers.
4. Develop options: My options consisted of the following:
Buy a basic laptop for $200.
Buy a nicer computer for $800.
Go to the library to use the computers.
Stay after school to use the computers.
Write papers by hand and find other means of doing research and math complex problems.
6. Select a preferred alternative: I quickly eliminated the alternatives of going to the library and staying after school. I do not have transportation that would allow me to go or stay at these places (I take the bus to school and have an after-school job). Also, I already noted that teachers will not accept handwritten work. I spoke to my math teacher, and she explained that a computer is a necessity for our homework. So, I am left with buying a basic laptop or buying a nicer computer. Buying a basic laptop would be a quick fix, and it would be portable. However, I want this computer to last at least five years. I plan to major in engineering in college, and I know the laptop would not have the kind of power I’d need. A nicer computer with a faster processor would last through my high school years and for at least the first two years of college. With some modifications, I could make it last through college. I decide to spend the $800 on a nicer computer.
7. Act on the decision: I don’t have $800 at the moment, so I’ll need to make arrangements with my teachers to borrow a laptop. I will work overtime at the coffee shop, where I work after school each day. After a month, I should have enough money to buy the computer. In the meantime, I’ve arranged with a teacher to use my study hall period and basketball practice time to use the computers at school. This means I’ll sacrifice some playing time, but will get my homework done and keep my grades up.
1. Identify the problem: The computer I used to do homework had broken down. The processor was inoperable. The problem was that I could not effectively do my schoolwork, including doing research, writing papers, and doing math homework that required Excel.
2. Gather information: I found out that a laptop that could handle basic functions and had a wireless network card (for internet access via Wi-Fi) would cost $200. A more sophisticated computer system with a faster processor and software included would cost up to $800.
3. Analyze the situation: The situation was that I had no way of doing my homework without the use of a computer. While I could write papers by hand and do research at the library, these were not viable because I had no way of getting to the library. In addition, my teachers would not accept handwritten papers.
4. Develop options: My options consisted of the following:
Buy a basic laptop for $200. Buy a nicer computer for $800. Go to the library to use the computers. Stay after school to use the computers. Write papers by hand and find other means of doing research and math complex problems.6. Select a preferred alternative: I quickly eliminated the alternatives of going to the library and staying after school. I do not have transportation that would allow me to go or stay at these places (I take the bus to school and have an after-school job). Also, I already noted that teachers will not accept handwritten work. I spoke to my math teacher, and she explained that a computer is a necessity for our homework. So, I am left with buying a basic laptop or buying a nicer computer. Buying a basic laptop would be a quick fix, and it would be portable. However, I want this computer to last at least five years. I plan to major in engineering in college, and I know the laptop would not have the kind of power I’d need. A nicer computer with a faster processor would last through my high school years and for at least the first two years of college. With some modifications, I could make it last through college. I decide to spend the $800 on a nicer computer.
7. Act on the decision: I don’t have $800 at the moment, so I’ll need to make arrangements with my teachers to borrow a laptop. I will work overtime at the coffee shop, where I work after school each day. After a month, I should have enough money to buy the computer. In the meantime, I’ve arranged with a teacher to use my study hall period and basketball practice time to use the computers at school. This means I’ll sacrifice some playing time, but will get my homework done and keep my grades up.
Plz cash app me plz plz plz plz
Answer:
no
Explanation:
no no no no no no no no no
Answer:
sorry i would if i had money i am broke
Explanation:
Suppose MR = MC = $3 at an output level of 2,000 units.
If a monopolist produces and sells 2,000 units, charging a price of $6 per unit and incurring average total cost of $4 per unit, the monopolist will earn profit equal to _______.
Answer:
Profit = $4000
Explanation:
Fo a monopoly, the total profit is maximized where the marginal revenue is equal to the marginal cost
The profit is equal to the amount by which the revenue is exceed the cost .
Profit = Total revenue - total cost
Profit = (2000× $6) - (2000× $4)
Profit = $4,000
Answer:
profit = TR-TC
Explanation:
Profit = 2000*6-2000*4 = 4000
Research a bank and find out what types of services they offer. Find out about the interest rates on its checking accounts and savings accounts. Also find out about what types of credit cards they offer and what interest rate they charge to the card holders.
Answer:
The Bank of America is one of the largest banks in the world, and offers a wide range of services. Among those we have:
Auto loansChecking and savings accountsCorporate bankingCredit cardsMortgage loansMedical bankingOnline bankingSmall business bankingThe annual percentage yield (APY) on both checking and savings accounts at the Bank of America is 0.01%. This is due to the low interest rates that the Fed has been implementing since the financial crisis of 2008-2009.
Three credit card options that the Bank of America offers:
Cash rewards credit card: with a variable annual percentage rate (APR) that ranges from 13.99% to 23.99%. Travel rewards credit card: with an APR that ranges from 14.99% to 22.99%Premium rewards credit card: with an APR that ranges from 15.99% to 22.99%
Chaz loves to play a Disney online pirate game in which he gets to create a pirate by choosing hair color, skin color, clothing, and physical features. Then he gets to choose from a variety of quests and can sail a ship, dig for treasure, fight skeleton pirates, or fight the British Navy. This game provides what element of value?a. Co-creationb. Earning of trustc. Offering products that performd. Avoiding unrealistic pricinge. Giving facts
A human resource inventory of an organization's employees would include all of the following EXCEPT Multiple Choice specialized skills of employees. names and ages of employees. education and training of employees. salary levels of employees.
The human resource inventory includes information about the specialized skills, names and ages, and education and training of employees, but it does not include salary levels of employees.
A human resource inventory of an organization's employees would include a wide range of information that encompasses the skills, experiences, and various attributes of its workforce. However, it does not include salary levels of employees. This type of inventory is meant to track aspects such as specialized skills of employees, their names and ages, and their education and training.
The purpose is to manage and understand the human capital, which refers to the skills and training embodied in the workforce, and to ensure optimal matching of job descriptions and hiring practices. Additionally, such inventories assist in managing employee training, and ensure compliance with occupational health and safety regulations as well as maintaining high standards of customer service. Typically, salary levels, while important, are managed within different HR systems that deal with payroll and compensation.
A portfolio optimization model used to construct a portfolio that minimizes risk subject to a constraint requiring a minimum level of return is known as a. the Hauck maximum variance portfolio model. b. a capital budgeting pricing model. c. the Markowitz mean-variance portfolio model. d. a market share optimization model.
Answer:
C. The Markowitz mean-variance portfolio model.
Explanation:
This theory was developed by Harry Markowitz; and it is also known as Modern Portfolio Theory (MPT) according to which we can balance our investment by combining different securities, illustrating how well selected shares portfolio can result in maximum profit with minimum risk. He proved that investors who take a higher risk can also achieve higher profit. The central measure of success or failure is the relative portfolio gain, i.e. gain compared to the selected benchmark.
Answer:
C. the Markowitz mean-variance portfolio model. d. a market share optimization
Explanation:
Modern portfolio theory (MPT) was propounded by Harry Markowitz in his paper "Portfolio Selection," published in 1952 by the Journal of Finance. It is a theory that argues that an investment's risk and return characteristics should not be viewed alone, but should be evaluated by how the investment affects the overall portfolio's risk and return.
The theory states that investors are mainly concerned with two properties of an asset which are:
• Risk
• Return
Assumptions of the model
1. The investors risk estimates are proportional to the variance of return they perceive for a security or portfolio.
2. Investors base their investment decisions on two criterias: expected return and variance of return.
3. Investors are risk averse.
4. Investors are rational.
5. The return on an investment adequately summarizes the outcome of the investment.
Presented below is the stockholders' equity section of Mead Corporation at December 31, 2006: Common stock, par value $20; authorized 75,000 shares; issued and outstanding 45,000 shares $ 900,000 Paid-in capital in excess of par value 250,000 Retained earnings 500,000 $1,650,000 During 2007, the following transactions occurred relating to stockholders' equity: 3,000 shares were reacquired at $28 per share. 3,000 shares were reacquired at $35 per share. 1,800 shares of treasury stock were sold at $30 per share. For the year ended December 31, 2007, Mead reported net income of $450,000. Assuming Mead accounts for treasury stock under the cost method, what should it report as total stockholders' equity on its December 31, 2007, balance sheet? a. $1,965,000. b. $1,961,400. c. $1,957,800. d. $1,515,000.
Answer:
a. $1,965,000
Explanation:
The computation of total stockholders' equity is shown below:-
Paid-in capital from Treasury Stock = 1,800 × ($30 - $28)
= 1,800 × $2
= $3,600
Retained earning = $500,000 + $450,000
= $950,000
Treasury stock = ((3,000 - 1,800) × $28) + (3000 × 35)
= (1,200 × $28) + (3000 × 35)
= $33,600 + $105,000
= $138,600
Total stockholders' equity on December 31, 2007 = Common stock + Paid-in capital in excess of par value + Paid-in capital from Treasury Stock + Retained earnings - Treasury stock
= $900,000 + 250,000 + $3,600 + $950,000 - $138,600
= $2,103,600 - $138,600
= $1,965,000
So, we have applied the above formula.
When economists state that "money is neutral," they mean that the: money supply does not affect real GDP or unemployment. money supply does not affect inflation or nominal GDP. overall price level has no effect on consumers; only relative prices do. overall price level has no effect on people's inflation expectations.
Answer:
They mean that the money supply does not affect real GDP or unemployment.
Explanation:
The neutrality of money is based on the idea that a change in the stock of money will only affect the nominal variables in the economy such as exchange rates, prices and wages, without affecting the real variables, which include; employment, real GDP, and real consumption. What this means is that the amount of money that is printed by the central banks can impact prices and wages but cannot impact the output or structure of the economy.
At the end of the current year, the accountant for Computer Graphics, Inc. forgot to make an adjusting entry to accrue Wages Payable for the company's employees for the last week in December. The wages will be paid to the employees in January. Which of the following is an effect of this error? a) Net income is overstated.b) Liabilities are overstated.c)Net income is understated.d) Expenses are overstated
Answer:
a) Net income is overstated
Explanation:
As we already know that
To record the accrued wages, the journal entry is
Wages expense XXXXX
To wages payable XXXXX
(Being the wages expense is recorded)
This entry indicates the increases in expenses and decrease in net income but if this entry is not made or forgot to make than the condition would be reverse i.e expenses understated and net income overstated. On the other side, the liabilities are overstated i.e liabilities understated in case the entry is not made
The united states has the number one gross domestic product (gdp). but countries like iceland, norway, and 10 other industrialized nations rank higher on the human development index (hdi). why is that? check all that apply.
Answer:
The reason is that aside the gdp the human development index is calculated based on three factors namely
1. life expectancy
2. Education
3. per capita income
And these countries are doing perfectly well as compared to the USA based on the above
Explanation:
What is the human development index (HDI)?
The Human Development Index (HDI) is a statistic composite index of life expectancy, education, and per capita income indicators, which are used to rank countries into four tiers of human development.
A country scores a higher HDI when the lifespan is higher, the education level is higher, and the gross national income GNI (PPP) per capita is higher.
Answer:
Iceland and Norway put more value on HDI factors.
Resources for any country are finite and there is a balance between GPD and HDI.
Iceland and Norway are not as focused on business as the United States.
The United States places more value on work and business than on HDI factors.
Explanation:
A company sent a trained observer to watch and interact with consumers in their natural environments in order to gain deeper insights on consumer needs. This is an example of ________. A. ethnographic research B. niche marketing C. experimental research D. viral marketing E. survey research 2 points
Answer:
A. ethnographic research
Explanation:
Ethnographic research: In psychological research, the term "ethnographic research" is described as one of the different qualitative methods in which an investigator or researcher tend to interact or/and observe with different participants associated with a specific study or research in their real or actual life or environmental surroundings. In anthropology, ethnographic research is considered as one of the famous research yet it is being used in a variety of aspects related to social sciences.
The company's method of studying consumers in their natural environments is known as ethnographic research. In a business context, this research allows firms to gain real-world insights into consumer behavior.
Explanation:The scenario you provided is a classic example of ethnographic research. Ethnographic research involves observing and/or interacting with a study’s participants in their real-life environment. This type of study is often done in the field of anthropology but has applications in many disciplines related to social and behavioral sciences. In the context of business, ethnographic research can provide valuable insights into how consumers interact with products or services in their natural settings, revealing their true needs and behaviors, which can be different from what they articulate in survey responses or focus group discussions.
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Which of the following would shift the supply of dollars in the market for foreign-currency exchange of the open-economy macroeconomic model to the left? Select one: a. The exchange rate rises. b. The expected rate of return on U.S. assets rises. c. The expected rate of return on U.S. assets falls. d. The exchange rate falls.
Answer:
b. The expected rate of return on U.S. assets rises
Explanation:
An open economy is one that interacts freely with the other economies of the world, the one economy of the united states is very large and includes the imports and exports of huge quantity including the goods and services. In an open economy, macroeconomic model assets are bought and supplied to the economy a this creating an outflow of the capital as more of the buying of the assets creates a net capital outflow leading to an increase of the expected rate of return of assets. As the country can spend more than it produces.Pigskin Co., a U.S. corporation, sold inventory on credit to a British company on April 8, 2018. Pigskin received payment of 35,000 British pounds on May 8, 2018. The exchange rate was £1 = $1.54 on April 8 and £1 = 1.43 on May 8. What amount of foreign exchange gain or loss should be recognized?
Answer:
The foreign exchange loss is $3,850.
Explanation:
Foreign exchange gain or loss is the gain or loss made on transactions based on the movement in the exchange rates.
As at the time Pigskin Co. sold inventory on credit on April 8, 2018, the exchange rate was favorable to the company as it was £1 = $1.54. So, the value of the inventory was 35, 000 x $1.54 = $53,900 but the rate later moved downward when the company received payment on May 8, 2018 to £1 = $1.43, so the value of inventory sold became $50,050. Meaning that the company had suffered a loss of $50,050 - $53,900 = ($3,850). Alternatively, ($1.43 - $1.54) x 35,000 = ($3,850).
Arena Corp. leased equipment from Bolton Corp. and correctly classified the lease as a finance lease. The present value of the minimum lease payments at lease inception was $1,000,000. The executory costs to be paid by Bolton were $50,000, and the fair value of the equipment at lease inception was $900,000. What amount should Arena report as the lease liability at the lease's inception?
Answer:
$1,000,000
Explanation:
The Amount to be reported as lease liability must depict the present value of future cash outflows required to be paid as the entity enjoys its right to use the asset.
Thus, the present value of the minimum lease payments at lease inception was $1,000,000 represents the amount of lease liability.
Final answer:
The lease liability to be reported by Arena Corp. at the inception of the finance lease from Bolton Corp. is $1,000,000, focusing on the present value of minimum lease payments and excluding executory costs paid by Bolton.
Explanation:
The question involves understanding how to report a lease liability at inception, specifically for an Arena Corp. finance lease from Bolton Corp. The key figures provided are a present value of the minimum lease payments of $1,000,000, executory costs by Bolton of $50,000, and the fair value of the equipment at $900,000. To determine the Lease liability at inception for Arena Corp., we focus on the present value of the minimum lease payments, which directly impacts the liability on Arena Corp.'s balance sheet. In this case, since executory costs are paid by Bolton and do not affect Arena Corp.'s lease payments or its valuation of the leased equipment, the lease liability to be reported by Arena at the lease's inception is $1,000,000. This figure reflects the present value of Arena's obligation to make lease payments over the term of the lease.
Although not a goal of the unemployment insurance system, one effect is that the system reduces _________.
a. the rate of job finding.
b. frictional unemployment.
c. workers' uncertainty about their incomes.
d. the rate of job separation.
Answer:
a. the rate of job finding.
Explanation:
The unemployment insurance system is a program managed by the federal and state governments to provide unemployment benefits to individuals who are unemployed and meet certain eligibility criteria.
Although not a goal of the unemployment insurance system, one effect is that the system reduces the rate of job finding.
However, the main goal of the unemployment insurance system is to reduce workers' uncertainty about their incomes.
Prior to closing, a final walkthrough of the property should be performed to ensure that everything has remained as stated in the sales contract. The walkthrough is generally completed by the
A. appraiser.
B. lender.
C. seller.
D. buyer.
Answer:
D. Buyer
Explanation:
The buyer is the one who is interested in purchasing the property and becoming the new owner. A walkthrough which involves inspecting the property and making sure everything has remained stated and is in order is done by the buyer who is interested in owning the property. A buyer can always demand for a walkthrough. The walk through gives the buyer time to inspect the property before closing.
Roger parked his car at a garage that has a large sign at the entrance saying, "This garage is not liable for items stolen from a car." This type of notice is referred to as an exculpatory clause. Group of answer choices
Answer: True
Explanation:
An exculpatory clause is a form of contract provision which relieves one party of liability when damages are caused while executing the contract. The party which ssues the exculpatory clause is the one that is seeking to be relieved of any potential liability incurred.
There has already been a notice that "the garage is not responsible for any item stolen from the car". Roger parking his car at the garage is at his own risk as the garage owners won't be responsible.
When Whitlock Clothiers began overseas operations, top management had to learn to appreciate the _____ environments of other countries-that is, other people's systems of shared beliefs, values, customs, and behaviors.
A. social
B. legal
C. cultural
D. political
Answer:
C. cultural
Explanation:
Cultural environment is the environment which is different from country to country.
It is important for the business organization to manage the different cultures which are belongs from the people live in different countries and applied the same in the organization so that the employees, and other staffs could be motivated
Since in the given scenario, the Whitlock Clothiers began overseas operations and the top management learns and motivates the other countries environment that reflect the cultural environment in terms of shared beliefs, values, customs, and behaviors