The Mars Climate Orbiter crash was due to a unit conversion error and could have been avoided with proper protocols. The Galileo mission overcame technical issues to provide vital data on Jupiter. Lightweight, protective materials and designs are recommended for satellites to minimize meteor impact dangers, and space exploration has yielded significant knowledge about the Moon, Mars, potential for life, and the use of biomarkers.
The Mars Climate Orbiter crash was caused by a unit conversion error, where space navigation data was erroneously communicated in non-SI units of measurement. This could have been avoided by a strict adherence to using the metric system for all calculations and better communication and verification protocols between different teams working on the mission. The Mars Orbiter was sent to Mars to study the planet's climate, atmosphere, and surface changes and to act as a communications relay for future missions. Space exploration is crucial because it helps to expand human knowledge, fosters technological advancements, and stimulates global cooperation while inspiring future generations.In the case of the Galileo mission, several technical problems were encountered including a high-gain antenna that failed to fully deploy. Engineers improvised with the low-gain antenna and altered data transmission methods to overcome this issue. The mission greatly enhanced our understanding of Jupiter and its moons, informing us of the existence of subsurface oceans on Europa and providing insight into the large gas planet's atmosphere and magnetosphere.Advising NASA on designing satellites, it is recommended to use materials which provide protection while being lightweight, such as multi-layer insulation or Whipple shields, and introducing impact-resistant technologies. Implementing maneuverability to dodge larger meteoroids where possible, and opting for modular designs for quick repairs, would also be beneficial.From lunar exploration, we have learned about the Moon's composition and structure, such as its varying crustal thicknesses and the presence of water ice in shadowed regions near the poles. Regarding Mars, we have revealed the complexity of its environment, with evidence of past water flow and potential habitability. In the solar system, places like Europa and Enceladus are considered potentially habitable due to their subsurface oceans. Biomarkers are a critical tool in searching for life beyond Earth, offering chemical signatures that could indicate the presence of life.A 30-year 6% callable corporate bond with a face value of $10,000 was issued in June of 2000. It is now June of 2015, the call protection has expired, and the bond can be immediately called at a call price of 102% of par. As of today, similar bonds trade to yield 3%. How much would the issuer have to pay to the existing bondholders if they were to call the bond? Express your answer in dollars and cents. Do NOT enter the dollar sign
Answer:
13,581.38
Explanation:
We have to calculate the bond's present value using 3% as a discount rate. I will use an excel spread sheet and the NPV function:
n = 15 yearspayments 1 - 14 = $600payment 15 = $10,600r = 3%=NPV(3%, 14 payments of 600, 10600) = $13,581.38
The market value of the bond is $13,581.38, so if the issuer wants to call the bonds, they will need to offer much more than the $10,200 call price since no one would sell them for an amount below their market value.
What is a flexible budget? A. The difference between the master budget and the flexible budget B. The orginally planned budget C. A restated master budget based on the actual quantity versus the orgianlly planned quantity D. Difference between the actual and the master buget
A restated master budget based on the actual quantity versus the orgianlly planned quantity is a flexible budget. Hence, option C is correct.
What is flexible budget?A flexible budget changes over time to account for variations in real revenue levels. Actual revenues or other activity metrics are added to the flexible budget once an accounting period is complete, which produces a budget that is customized to the inputs.
It is usually based on fluctuations in a company's actual revenue and uses percentages of revenue rather than fixed amounts. When using a flexible budget, for instance, you can decide to pay salaries out of 25% of a company's sales rather than $100,000 annually.
A flexible budget is one that can be altered based on the intensity of an activity or the output of individual units. The set budget never changes and is always the same.
Thus, option C is correct.
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A flexible budget is a variation of the master budget adjusted based on actual activity levels, allowing organizations to better manage resources and adapt to changes. It is particularly useful for performing cost analysis and managing budget variances, enabling more efficient and strategic planning.
A flexible budget is a restated master budget based on the actual activity level or volume rather than on the original budget's assumptions. It adjusts for variations in activity levels, allowing managers to perform sensitivity analysis and to understand how changes in key cost assumptions affect a program's unit costs, total costs, and service-delivery volume. The flexible budgeting process typically follows four basic steps, enabling organizations to adapt to changes efficiently and to manage resources effectively.
Contrary to a fixed master budget, which is set before the fiscal period begins and is based on predetermined outputs and inputs, a flexible budget adapts to changes in output levels or other factors that affect the budget. This adaptability makes flexible budgets particularly useful for conducting cost analysis and for managing budget variances, which are the differences between actual results and what was budgeted. By understanding and analyzing these variances, managers can identify inefficiencies, adjust strategies, and improve future budgeting processes.
Axiom International wants to expand its operations to a country that is politically, culturally, and economically different from its home country. The firm needs to select a mode of entry which would give it access to local knowledge, allow sharing of development costs and risks, and also be politically acceptable. Which of the following modes of entry into foreign markets is most suitable for Axiom International?
A. Wholly owned subsidiary
B. Joint venture
C. Exporting
D. Greenfield investments
E. Licensing
Answer:
B. Joint venture
Explanation:
Since what Axiom needs is a mode of entry which would give it access to local knowledge, allow sharing of development costs and risks, and also be politically acceptable then joint venture would be the most suitable.
Joint venture is a businesssituation where two or more parties join resources together to accomplish a specific task
A section in a contract that ensures that providers of goods and services do not encounter unreasonable financial hardship as a result of uncontrollable increases in the costs of or decreases in the availability of something required to deliver products to customers is referred to as a(n) _________.
Answer:
Escalator clause
Explanation:
A section in a contract that ensures that providers of goods and services do not encounter unreasonable financial hardship as a result of uncontrollable increases in the costs of or decreases in the availability of something required to deliver products to customers is referred to as an escalator clause.
Escalator clause: It is a legal clause that allows automatically an increase in the wage or price. These clauses are kept in a contract under certain conditions. It ties the price or wages with the inflation rate, which protects the buyer and seller from loss. It also controls the price of goods and services.
Select the correct answer.
What is the original amount borrowed by a person from a bank or other lending institutions known as?
Answer:
Principal
Explanation:
A loan can be defined as the lending of money, property, etc by one party to another party. A loan is more often than not given out by financial institutions.
The money is loaned between parties, the original amount borrowed by the receiving party is called the PRINCIPAL.
This principal begins to reduce as soon as the money starts to be paid back.
Every principal(loan) has an interest. The interest is always at a particular rate, spread over a period of time, etc.
Cheers.
Answer:
The answer is principle.
Explanation:
The reason why I got that right is because I took the test on edmentum and got it right so there you go, and I hope this helps :)
Suppose that for each one-percentage-point increase in the interest rate, the level of investment spending declines by $1 billion. the change in the interest rate (according to the change you made to the money market in the previous scenario) therefore causes the level of investment spending to by .
Answer:
We expect investment spending to increase by $ 1 billion
Explanation:
If investment decreases by $ 1 billion if a 1 % change is made then that is sensitivity of investment to change in interest rate. Thus if there is a 1 % reduction in interest rate we expect to see a $ 1 billion increase in spending if this holds true.
Paul always hits "reply to all" whenever he answers a team email, even if the email was a question posed by one other person and directed only to Paul. When he initiates an email about his project, he sends it to everyone in his department. Judging only from this information, what impact does Paul have on his department's communications?
Question 14 options:
A) He is spreading confidential information to unauthorized people.
B) He is making everyone in his department feel included as part of the team.
C) He is helping make the department work more efficiently.
D) He is ensuring that each person on the team clearly knows his or her assignment.
E) He is contributing to email overload in his department
Answer:
the correct answer is A) He is spreading confidential information to unauthorized people.
Explanation:
the "open" way paul acts seems like motivating the team spirit. but there is something called "privacy" and "confidentiality" as well.
it is both harmful and unethical for the company and its employees to share all the personal information that are sent to paul's email.
"even if the email was a question posed by one other person and directed only to Paul" this behavior is intolerable and the management must make paul aware of the potential harm he can do to the employees and the company.
Paul's frequent sending of emails to the entire team, even when not necessary, is likely contributing to email overload in his department.
Explanation:Based on the description given, it seems that Paul's choice to constantly 'reply all' to emails and send his project updates to everyone can lead to email overload in his department. This is option E. While some may argue it makes everyone feel like part of the team (option B), or aids efficiency (option C), the information in the question does not suggest these benefits. In fact, it's more likely that, with the excess emails, his colleagues might have to spend unnecessary time sifting through emails that may not pertain to their own work or responsibilities. This can reduce efficiency and potentially cause confusion.
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Savings for You, a discount retail chain, is highly competitive. When entering a new market, Savings for You often cuts prices so deeply that it sells below costs, effectively pushing smaller companies with less purchasing power out of the market. Savings for You is most at risk of being accused of ________.
Answer:
predator
Explanation:
Predator is refers to an animal that lives by "hunting" on other animals. In a similar sense, predator pricing refers to a form of higher pricing, which in one way consumes other companies by deducting their share of industry revenues. Such a price is considered illegal and against healthy competition. Such prices move away from the competitive market and gradually the emergence of a monopoly means that the same firm is dominated by the entire industry and is considered illegal practice. In a given case, the retail chain may be accused of pursuing extortionate prices, which would cut down on high costs for even the smallest companies in the industry. To go out forcibly.A Deaf person goes to a sports bar, and asks the manager to turn on the captions. The manager turns it on. After a few minutes, a hearing customer nearby asks the manager to turn off the captions. The manager turns it off. The Deaf person asks the manager to mute the TV. The manager laughs and mutes the TV. What is this called?
Answer:
resilience
Explanation:
Based on the scenario being described within the question it can be said that this is called resilience. In the context of psychology, this term refers to the ability of an individual to be able to cope with certain difficult situations. Which in this case the manager agreeing with everyone and simply following the request that have been given shows his resilience towards the situation.
Answer:
Resilience
Explanation:
As we can see from the situation between the deaf man, the manager and hearing costumers in the sports bar.
We can define Resilience as a character trait, resilience is a mental ability of person to be able to recover faster from illness, depression or misfortune as we saw in the case where the deaf man quickly recovered
Suppose the average income of a citizen of Poland is higher than the average income of a citizen of Romania. You might conclude that a. Polish firms are faced with stricter government regulations than Romanian firms. b. total income is divided among fewer workers in Poland since it has a smaller labor force than Romania. c. Romania's climate allows for longer growing seasons and therefore Romania can produce large quantities of grain and other crops. d. productivity in Poland is higher than in Romania.
Answer:
D
Explanation:
Suppose the average income of a citizen of Poland is higher than the average income of a citizen of Romania. You might conclude that productivity in Poland is higher than in Romania.
The while it's possible that productivity differences (option d) contribute to varying income levels, making definitive conclusions about the economic situation of two countries based solely on the comparison of average income is overly simplistic.
The conclusion that the average income of a citizen of Poland is higher than the average income of a citizen of Romania does not directly lead to any of the options provided (a, b, c, or d).
Let's break down each option:
a. **Polish firms are faced with stricter government regulations than Romanian firms:**
Income levels are influenced by various factors, including the overall economic environment, education, technology, and workforce productivity.
While government regulations can play a role in economic performance, making a direct link between average income and government regulations would be an oversimplification.
b. **Total income is divided among fewer workers in Poland since it has a smaller labor force than Romania:**
This conclusion does not necessarily follow.
The size of a labor force alone doesn't determine average income.
The productivity of the labor force, the type of industries, and other economic factors are equally if not more important.
c. **Romania's climate allows for longer growing seasons and therefore Romania can produce large quantities of grain and other crops:**
Climate and agricultural productivity can be relevant to a country's economy, but they are not the sole determinants of average income.
Income depends on a variety of economic activities beyond agriculture.
d. **Productivity in Poland is higher than in Romania:** This could be a plausible explanation for the difference in average income.
Higher productivity often leads to higher wages and income levels.
However, other factors like the structure of the economy, education levels, and technological advancements also play a significant role.
It's important to consider a wide range of economic, social, and political factors when analyzing such differences.
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Ocean Gate sells external hard drives for $200 each. Its total fixed costs are $30 million, and its variable costs per unit are $140. The corporate tax rate is 30%. If the economy is strong, the firm will sell 2 million drives, but if there is a recession, it will sell only half as many.
Answer:
What is the firm's degree of operating leverage?
the degree of operating leverage measures the proportion of fixed costs vs. variable costs
total fixed costs = $30,000,000
contribution margin per hard drive = selling price - variable cost = $200 - $140 = $60
tax rate = 30%
expected sales = 2,000,000 hard drives
degree of operating leverage = contribution margin / (total sales - total costs) = (2,000,000 x $60) / ($400,000,000 - $280,000,000 - $30,000,000) = $120,000,000 / $90,000,000 = 1.33
DOL = 1.33
If the economy enters a recession, what will be the firm's after tax profit?
firm's EBIT = total revenue - variable costs - fixed costs
total revenue = 1,000,000 x $200 = $200,000,000total variable costs = 1,000,000 x $140 = $140,000,000total fixed costs = $30,000,000EBIT = $200,000,000 - $140,000,000 - $30,000,000 = $30,000,000
firm's after tax profit = EBIT x (1 - tax rate) = $30,000,000 x (1 - 30%) = $21,000,000
firm's after tax profit = $21,000,000
Percentage decline in sales = 50%
Profit in Recession is = $30,000,000
Decline in profit percentage is= 66.67%
Operating leverage is = 1.33 times..
Kindly see attached picture for explanation.
The balance of payments (bop) measures all international transactions between two countries. the chart below shows six different transactions between the us and china united states china • purchased $800 of goods and services • sent $100 of humanitarian aid • americans spent $200 in chinese stock market • american tourists spend $1000 in china • chinese tourists spend $1000 in the us • purchased $300 of goods and services • chinese purchased a $600 business in the us • chinese government purchased us. bonds
a. which country has a trade deficit and which has a trade surplus
Answer:
Answer: US had a trade deficit and China had a surplus in its BOP
Explanation:
Inflow to US economy / Outflow of Chinese economy
1. Chinese tourist spent $ 1000
2. Chinese purchased a business $600
3. Puchased goods $300
Total Inflow $1900
US Outflow / China' inflow
US purchases goods $800
Sent aid $100
Investment in stocks $200
US tourist spent $1000
Total Outflow $2100
US had a trade deficit and China had a surplus in its BOP
Chinese government purchase of US bonds' value is not given, the purchase will be treated as credit to US BOP and the income received will be credit to China's BOP.
The US has a trade deficit of $500 after importing $1800 worth of goods and services and China has exported $1300 to the US, resulting in a trade surplus for China.
Calculating Trade Balance between the US and China:
To determine which country has a trade deficit and which has a trade surplus, we must compare the value of imports and exports between the two nations.
United States Transactions:
Purchased goods and services: $800 (Import)Humanitarian aid: $100 (Not counted in trade balance)Spent in Chinese stock market: $200 (Financial transaction, not trade)American tourists spend in China: $1000 (Import)Chinese Transactions:
Purchased goods and services: $300 (Export)Chinese purchased a business in the US: $600 (Financial transaction, not trade)Chinese government purchased U.S. bonds (Financial transaction, not trade)Chinese tourists spend in the US: $1000 (Export)Adding these up, the US has imported a total of $1800 worth of goods and services, while China has exported a total of $1300 worth of goods and services to the US.
The US has a trade deficit of $500 ($1800 - $1300), and China has a trade surplus of the same amount.
If success in the workplace typically requires learning on the job, why do americans place so much emphasis on formal schooling?
Answer:
The expansion of the education system attracts people who want to remain or become members of the elite.
Explanation:
The reason is that the people who become member of elite class who has control over the potential wealth, power and political issues, can have significant implications due to their decision making. So this means that the formal schooling compulsory in building future leader characters and safeguarding the future of the nation's needs.
Seventeen years ago, Susan designed a corrugated steel culvert for a rural road. Her work was accepted and paid for by the county engineering department. Last winter, the culvert collapsed as a loading logging truck passed over. Although there were no injuries, there was damage to the truck and the roadway, and the county tried unsuccessfully to collect on Susan's company's bond. The judge denied the claim on the basis that the work was done too long ago. This defense is known as:________.
(a) privity of contract
(b) duplicity of liability
(c) statute of limitations
(d) caveat emptor
(c) statute of limitations
Answer:
C. Statute of limitations.
Explanation:
Statute of limitations are laws which states the time limit of when legal proceedings must be initiated between concerned parties from the date in which alleged offence was perpetrated.
In statue of limitations, the time limit for somebody is wronged to initiate legal action is not fixed in all jurisdiction. It means that depending on the nature of the alleged offense under statute of limitation, time allowed to institute legal actions varies.
Example of statue of limitation is that for certain states, the time limit to initiate legal case say on fraud is two years. It means that one must bring up the case in a court of law within the stipulated two years period. Once the two year grace elapse, one can no longer sue for fraud in the court of law.
Although there is no time limit for certain offence like murder case, sex offence with minor etc.
As in the case above, the judge threw away the case because according to the law of statute of limitation, a party that is wronged can only sue the wrong doer within the stipulated time as spelt out within the jurisdiction where the alleged offence was committed.
c. The judge denied the county's claim based on the defense known as the statute of limitations.
The statute of limitations is a law that sets the maximum time after an event within which legal proceedings may be initiated. In this case, because the culvert was built seventeen years ago, the judge ruled that too much time had passed for the county to successfully make a claim.
The statute of limitations varies depending on the type of case. For example, in many jurisdictions, a statute of limitations for contract disputes might be around 6-10 years, but this can differ significantly based on local laws and the specific nature of the case.
Ellie and Brendan both produce apple pies and vanilla ice cream. If Ellie’s opportunity cost of one apple pie is 1/2 gallon of ice cream and Brendan’s opportunity cost of one apple pie is 1/4 gallon of ice cream, Ellie has a comparative advantage in the production of ice cream. a. True b. False
Answer: True
Explanation: Opportunity cost this is the profit lost when one alternative is selected over another based on choice. It's helps us examine all possible alternative before taking decisions. Ellie's has a competitive advantage in Ice cream production due it's opportunity cost for its next best alternative which is half (1/2) for ice cream compared to Brendan's one quarter (1/4) for same product.
Answer:
False
Explanation:
Comparative Advantage was propounded by David Ricardo.
It states that a country or an individual has an advantage over the other if it can produce a product at a lower opportunity cost.
Opportunity cost is the alternative forgone. It can also be called REAL COST or TRUE COST.
Ellie has a higher opportunity cost of producing ice cream compared to Brendan. She doesn't have a comparative advantage.
Brendan has a comparative advantage because she has a lower opportunity cost.
Which of the following is TRUE about objective criteria?
a. Their scope is often quite narrow.
b. They are often based on personal experience.
c. They are often based on a person's judgment.
d. They are often expressed as ratings.
Answer: C. They are often based on a person's judgment is the original fact about objective criteria.
Explanation:
The objective criteria are often well explained with the reference of our thought of appropriate reasoning thought. It will be the clear choice of preference of the individuals. This is often used in the decision of the customers to convey their wish to buy a certain type of product.
The valuable unbiased nature of choosing the particular product is usually considered as the important factor of individuals Judgement. It will force the customer to act effectively to scrutinize the quality and the history of the product description.
This is the central, comprehensive, integrated, and externally oriented set of choices structuring how a company exploits its core competencies to achieve its objectives: a. Code of ethics b. Business plan c. Strategy d. None of these
Answer:
Strategy-C
Explanation:
Strategies exist at all levels in every organisation . It involves choices on the working model of organisations made by companies which involves prioritizing best ideas and financial optimization to achieve primarily laid down objectives, vision and goals.
It is very necessary for companies to develop strategies that will always give them an advantage over thier competitors since the primary aim of most buisness is profit making.
On his first business trip to England, an American man asked a Scottish client about how his wife and children were doing. The Scottish client was offended and replied that this was none of his business. The two then had a lengthy conversation about the weather. Which contextual factor did the American man forget to consider?
Answer:
the American man forgot the culture of Scottish people. specifically, the cultural area of human interactions and etiquette.
this is why when the american man asked about his family, the scottish client was offended. but when the two was talking about the weather, they were interacting quite well and the conversation was much engaging.
this is because in Brittain and the soctland regions, "weather" is an interesting topic, but in USA, we don't speak much about it do we???? in USA, talking about one's family and friends seems to be more interesting.
these cultural differences must be understood when we are doing business with clients and customers from different ethnicities, countries and regions.
Explanation:
In the past year, TVG had revenues of $3 million, cost of goods sold of $2.5 million, and depreciation expense of $200,000. The firm has a single issue of debt outstanding with a face value of $1 million, market value of $.92 million, and a coupon rate of 8%. What is the firm's times interest earned ratio
Answer:
Times Interest Earned Ratio = 3.75
Explanation:
The firm has a debt outstanding of face value $1 million and the coupon rate is 8%.
=> The interest expense of the company could be calculate as following:
interest expense = face value * rate = 1 million x 8% = $0.08 million = $80,000
We have, earnings before tax and interest expense of the firms are:
Earnings before tax and interest = Revenue - Cost - Depreciation expense = 3 million - 2.5 mllion - 200,000 = $300,000
The times interest earned ratio of a company can be calculated with the following formula:
Times Interest Earned Ratio = (Earnings before Tax and Interest)/ Interest Expense
= 300,000/80,000 =3.75
Times Interest Earned Ratio = 3.75
Final answer:
The times interest earned ratio for TVG is calculated as the earnings before interest and taxes (EBIT) divided by the interest expense. Here, the ratio is found to be 3.75 after computing EBIT ($300,000) and Interest Expense ($80,000).
Explanation:
The student's question is related to calculating the times interest earned ratio, which is a financial metric used to measure a company's ability to meet its debt obligations. The firm's times interest earned ratio is calculated by dividing earnings before interest and taxes (EBIT) by the interest expense. To find the EBIT, we need to subtract the cost of goods sold and depreciation expense from the revenues. In this case, the revenues are $3 million, the cost of goods sold is $2.5 million, and the depreciation expense is $200,000.
EBIT calculation:
$3,000,000 Revenue - $2,500,000 COGS - $200,000 Depreciation = $300,000 EBIT
To find the interest expense, we multiply the face value of the debt by the coupon rate:
$1,000,000 * 8% = $80,000 Interest Expense
Finally, to get the times interest earned ratio:
$300,000 EBIT / $80,000 Interest Expense = 3.75
So, the firm's times interest earned ratio is 3.75.
Justin owns a surf shop in Hawaii. His business is doing well, catering to local surfers and tourists who want to learn to surf. He has developed a strong organizational culture, a good marketing plan, and a coherent business strategy. What serves as the foundation for developing these strengths?
Final answer:
The foundation for developing a strong organizational culture, marketing plan, and business strategy in a surf shop lies in having the right skills, knowledge, and competencies. Some essential skills for worker-owners include surfing expertise, business acumen, communication and interpersonal skills, creative problem-solving, and adaptability.
Explanation:
The foundation for developing a strong organizational culture, marketing plan, and business strategy lies in having the right skills, knowledge, and competencies. For a surf shop like Justin's, some of the essential skills and competencies that worker-owners need to successfully support their organizations include:
Surfing Expertise: A deep understanding and experience in surfing is crucial for catering to local surfers and teaching surfing to tourists.Business Acumen: Knowledge of business principles and practices, including marketing, finance, operations, and customer service, is essential for running a successful surf shop.Communication and Interpersonal Skills: The ability to effectively communicate with customers, build relationships, and collaborate with employees is important for establishing a strong organizational culture.Creative Problem-Solving: Being able to think creatively and find innovative solutions to challenges that arise in the surf shop business is key.Adaptability and Resilience: The ability to adapt to changing market conditions, quickly learn new trends and technologies, and bounce back from setbacks is essential in the dynamic surf shop industry.The recently appointed CEO of XYZ Inc. uses a luxury summerhouse owned by the company for rest and relaxation with his family as well as a place to invite important clients before a lucrative business deal. XYZ Inc. also provides membership to an exclusive country club to its CEO. These kinds of benefits offered to CEOs are called
Answer:
Perquisites.
Explanation:
Perquisite is defined as non wage compensation that an employee benefits in addition to normal salary.
When an employee exchanges his salary for some other form of compensation it is called salary packaging.
In this scenario the CEO enjoys benefits such as the use of a luxury summerhouse owned by the company for rest and relaxation with his family as well as a place to invite important clients before a lucrative business deal.
Also he has membership to an exclusive country club to its CEO.
Identify the corrective control below.
a. Reconciling the bank statement to the cash control account.
b. Approving customer credit prior to approving a sales order
c. Maintaining frequent backup records to prevent loss of data
d. Counting inventory on hand and comparing counts to the perpetual inventory records
Answer:
The answer is D. Counting inventory on hand and comparing counts to the perpetual inventory records
Explanation:
Corrective controls are designed to correct errors or irregularities that have been detected and this can only be achieved if comparison of counts are made be going through the records another time.
Vonda and Aleiyah are shopping together at the mall for new jeans. Vonda is willing to pay $90 and Aleiyah is willing to pay $50 for a pair of jeans. What is the gain in total consumer surplus when the price decreases from $59 to $40?
a. $60b. $10c. $31d. $29
Answer:
A. $60
Explanation:
Recall that, consumer's surplus refers to the price that a consumer is willing to pay less the amount he or she actually pays.
Thus
Consumer surplus = maximum price willing to pay - actual market price.
Given that
Market price = $40
Vonda is willing to pay = $90
Aleiyah is willing to pay = $50
Hence.
Vonda consumer surplus = 90 - 40
= $50
Aleiyah consumer surplus = 50 - 40
= $10.
Total consumer surplus = 50 + 10
= $60.
Final answer:
The gain in total consumer surplus when the price decreases from $59 to $40 for Vonda and Aleiyah is $60.
Explanation:
The calculating the change in consumer surplus for Vonda and Aleiyah when the price of jeans decreases from $59 to $40. Consumer surplus is the difference between what consumers are willing to pay for a good and what they actually pay. Initially, at $59, neither Vonda nor Aleiyah would have made a purchase, so the initial consumer surplus is $0 for both. When the price drops to $40, Vonda's consumer surplus becomes $90 (her willingness to pay) - $40 (actual price) = $50, and Aleiyah's consumer surplus becomes $50 (her willingness to pay) - $40 (actual price) = $10. The total gain in consumer surplus is the sum of Vonda's and Aleiyah's individual gains, which is $50 (Vonda) + $10 (Aleiyah) = $60.
Trade between the middle east brought the black death to europe because
Answer:
Trade between the middle east brought the black death to europe because some of the trading ships passing the trade route was infested with rats that carried the plague.
Explanation:
The Black death also referred to as the bubonic plague was pandemic that was brought about by trade between the Middle East and Europe on the silk road. This plagues killed over 30 to 50 million people when it started from the year 1346 to 1352.
The black death was caused by a Enterobacter bacteria called Yersinia pestis which is present in the vector flea called Oriental rat flea carried by host which were rodents(rats). The rats infested the trading ships from Genoese who came to Europe via Italy. The Black death spread from Asia, down to Europe, Africa and finally the Middle East.
This disease spread from animal to human as well as human to human contact. The characteristics symptoms of this disease includes the presence of boils on the body of the sick that turned sores and the sores eventually became black, hence the name black death. Other symptoms included warm, swollen lymph nodes in the groin or armpit, very high fever, headaches, muscle pain after which death was the end result for some people.
Answer:
Trade between the middle east brought black death to Europe because the black death spread through trade routes and when people travel along these trade routes the brought the plague with them and infected others with it.
Explanation:
The medieval silk road is a trade route through which goods, ideas and spices are brought from China and central Asia to Europe, resulting to the spread of the plague in Europe. The black death was an epidemic that happened between 1347 and 1400 spread through contacts with animals. which rat was one of. Rats lived with humans at that time thus increasing the spread of the disease.
Historians named the plague 'Black death', blaming Trade for the spread of the disease. because of the movement of goods through trade routes, The plague had a devastating effect on the world in the mid fourteen century. The plague established itself in central Asia and started spreading to the middle East, Northern African and Europe.
If a cable news channel decides to report on a senator's financial indiscretions rather than report on a piece of congressional legislation that failed to pass, that news channel is practicing which of the following? a. Blogosphere politics b. Net neutrality c. Hard news d. Gerrymandering e. Agenda setting
Answer:
e. Agenda Setting
Explanation:
Agenda setting refers to a practice adopted by news channels to place higher emphasis on a news, and making it appear important by consistently and repetitively covering such news.
Such a practice influences an individual's thoughts not with what he/she thinks, but what he/she should think about and consider important.
Through such a practice, the news channels underline the extent to which an issue is important i.e assign significance and importance to an issue by affecting the perceptive mindset of the viewer.
So if a political issue gets covered and getting telecast too frequently, it affects the viewers interpretation regarding the sensitivity or significance of the issue.
Many a times, through agenda setting, the media indirectly feeds it's own biased views in the thought process of the viewers. So rather than making the viewer think on his own and assign weight-age, the media itself assigns importance to an issue.
In the given case, the cable news channel preferred the topic of senator's financial indiscretion over a congressional legislation which wasn't passed. So the channel emphasized upon one issue which as per it was more important than the other and thus follows agenda setting.
The economy of Suielevia is under severe financial distress. Over the last few months, the economy has gradually picked up and the employment levels are slowly rising back to the normal levels. The consumers are also beginning to engage in regular buying activities. In this case, the economy of Suielevia is currently in the _____ phase of its business cycle.
Answer: Suielevia is currently in the recovery phase of its business cycle.
Explanation:
There are five phases of business cycle which are expansion, peak, recession, trough and recovery. Recovery phase is the expansionary phase which takes place after a recession. In the recovery phase the business activities starts to improve and also the economy grows.
Suielevia which was under the financial distress has started to improve. This can be seen through employment levels are rising, purchasing of consumers has started to increase which indicates that the economy is in the recovery phase.
The Larson and Gobeli study that compared projects that had been managed in a variety of structural types revealed that new product development projects tended to be MOST effectively executed when the organizational structure was a:
Answer:
Project organization.
Explanation:
The Erik W. Larson and David H. Gobeli study that compared projects that had been managed in a variety of structural types revealed that new product development projects tended to be most effectively executed when the organizational structure was a project organization.
In the long run which of the following is true? The size of a firm's physical plant can be changed but the firm cannot adopt new technology. Total cost = fixed cost + variable cost. The firm can vary its explicit costs but not its implicit costs. There are no fixed costs.
Answer:
There are no fixed cost
Explanation:
Indeed a company may not have fixed costs in the long run because of certain decisions or changes.
For example, if a company's only fixed costs is a piece of land (a fixed assets) it owns, and it then makes enough profit after 10 years that covers the cost of the land, it will no longer have fixed costs anymore.
Answer:
There are no fixed costs.
Explanation:
In economics, the definition of long run is the period of time where all costs are variable. Long run is not something specified, may people confuse it with long term (accounting term) which means more than a year, but the long can be many years from now. On the other hand, the short run is defined as the period of time where at least one of the costs are fixed and cannot be changed.
Short run is a more practical concept while long run is theoretical only, because at no point in time will all costs be variable, at least not with our current economic system. You will always have wages to pay, utilities, furniture, equipment, etc. Also, long run refers to the market being in perfect equilibrium and that is also a theoretical concept, it is not something achievable.
If the lessor meets any one of the five Group I criteria, then the lessor classifies the lease as a(n) ________. If the lessor meets both of the Group II criteria, but none of the Group I criteria, then the lessor classifies the lease as a(n) ________. If the transaction does not meet either the Group I or Group II criteria, then the lessor classifies the lease as a(n) ________.
Answer:
Sales type lease, direct financing lease, operating lease
Explanation:
A lease is a contractual agreement whereby the lessor(landlord) is paid for the use of his or her assets/properties by the lease(tenant). The assets that are usually leased are vehicles, buildings etc where payment is made for a specified period.
Sales type lease. Here, the dealer(landlord) earn interest revenue accrued plus the profit on the sale of asset. Whereas the profit is arrived at by deducting the selling price from the actual sales price . Profit is also earned and recognized at the beginning of the lease period.
Direct financing lease. The only benefit earned on this type of lease is the interest by the lessor-landlord. There is no profit or loss in the lease transaction. The actual value of leased asset is the same as the purchased value of the asset.
Operating lease is the combination of both sales type lease and direct financing lease. Here, the benefit of asset leased like yearly depreciation is claimed by the lessee-tenant . The ownership of leased asset must be transferred to the lessor at the end of agreed term subject to lessee having bargaining option. The lesse may however purchase the asset at a much reduced price say seventy five percent of the market value.
Answer: the answer is C
Explanation:
i need points,sorry if its wrong
Hank brings several thousand dollars in cash to a small bank and exchanges it for cashier's checks. If this transaction is part of a money laundering scheme, it represents which stage in the process?
Answer:
Placement
Explanation:
Money laundering is an illegal process of concealing the money obtained through an illegal act by passing it through a series of other complex transactions .
It involves the three stages of placement , layering and integration.
Placement is the first stage of money laundering after movement from the source where illegal proceeds are disguised by placing them into circulation through deposit into financial institution to allow easy layering.
Hank's action of exchanging the stolen money for cashier's check is a typical example.