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.
Sonya and Amber work together in the Hong Kong corporate office. Despite having similar backgrounds and education, they cannot agree on whether it is appropriate to offer bribes to Chinese officials for the purpose of expediting business transactions. Which ethical generalization does this most likely illustrate?A) Individuals have their personal belief systems.
B) Culture has the strongest influence on personal ethics.
C) Personal values rarely overlap with global business dealings.
D) Society requires individuals to rationalize ethical inconsistencies.
Answer:
A) Individuals have their personal belief systems.
Explanation:
Sonya and Amber work together in the Hong Kong corporate office.
They had similar backgrounds and education but couldn't agree on whether it is appropriate to offer bribes to Chinese officials for the purpose of expediting business transactions.
This ethical generalization illustrates that individuals have their personal belief systems.
Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $154,000. The machine's useful life is estimated to be 5 years, or 370,000 units of product, with a $6,000 salvage value. During its second year, the machine produces 59,200 units of product. Determine the machines' second year depreciation under the straight-line method
Answer:
Using the straight-line method, depreciation expense for the second year would be: $29,600
Explanation:
Depreciation Straight Line Method= Cost - Salvage Value/ Useful Life
Wickland Company
Cost of machine $154,000
Residual value of $6,000
Useful Life = 5 years
Formula
Depreciation Straight Line Method= Cost - Salvage Value/ Useful Life
Working:
Depreciation Straight Line Method= $154,000 -$6,000/5
Depreciation Straight Line Method= 148,000 /5
Depreciation Straight Line Method=$ 29,600
Using the straight-line method, depreciation expense for the second year would be: $29,600
The straight line depreciation method assigns equal depreciation to the machinery. So the depreciation for the five years would be the same amounting to $ 29,600 every year.
To determine the machine's second-year depreciation under the straight-line method, divide the difference between the cost and salvage value by the useful life.
Explanation:To determine the machine's second-year depreciation under the straight-line method, we need to calculate the annual depreciation expense. The formula for straight-line depreciation is:
Depreciation expense = (Cost - Salvage value) / Useful life
In this case, the cost of the machine is $154,000, the salvage value is $6,000, and the useful life is 5 years. Plugging these values into the formula:
Depreciation expense = ($154,000 - $6,000) / 5 = $29,600
Therefore, the machine's second-year depreciation is $29,600.
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For years Print and Copy, a copier machine supplier, enjoyed strong sales and a huge share of the copier market, far ahead of its nearest competitor. However, over the years, Print and Copy seldom asked customers for feedback. So when some of Print and Copy's competition responded to customers' needs and started offering copiers with new features (such as wireless printing from laptop and tablet computers), Print and Copy lost much of its market share. Print and Copy's system is best described as____________.A. open.B. entropicC. isolated.D. closed.E. internal.
Answer:
The answer, in this case,would be option D. given in the answer choice or closed.Explanation:
A closed system strategy basically signifies a confined and a non transparent business strategy which is characterized by a limited interaction between the concerned company or business organizations and its customers. Under the closed system, the companies or business organizations often stick to their traditional or conventional products and services and are usually not open or receptive to contemporary and recent market trends and patterns adopted by their competitors.In this case, Print and Copy mostly relies on their selling existing product lines which have traditionally yielded higher revenue and consolidated company's market share in the industry in comparison to its market competitors. It also doesn't depend much on product modification based on respective customer feedback and reviews to enhance customer satisfaction and market goodwill or reputation,thereby,exhibiting infrequent and limited business and customer interaction.An amusement park was recently inaugurated in a city. All the customers who visited the park during the first few days were sent a feedback form via email to rate their overall satisfaction. The customers were provided four answer options to choose from in the feedback form: completely dissatisfied, dissatisfied, satisfied, or completely satisfied. This scale is an example of a(n) _____.
Please see the complete question below.
An amusement park was recently inaugurated in Tampa, Florida. All the customers who visited the park the first few days were sent a feedback form via email to rate their overall satisfaction on a scale. The form included a set of ten questions with four answer options; completely dissatisfied/dissatisfied/satisfied/completely satisfied. This scale is an example of a(n) _____ measure.
a. attribute-specific
b. disconfirmation
c. unstructured
d. direct, global
e. open-ended
Answer:
The answer is direct, global (option d)
Explanation:
Direct, global measure is one of the ways of measuring customer satisfaction/dissatisfaction or feedback on experience derived from using a product or service (like entertainment service at an amusement park).
In this kind of satisfaction/dissatisfaction measurement, a scale is provided in the feedback form to help customers rate their experience. The scale ranges from the least quality experience to the highest quality experience. E.g. completely dissatisfied, dissatisfied, satisfied, or completely satisfied.
a former chef wants to start a business to supply temprary kitchen help (such as chefs, sauce cooks, bakers, and meat cutters) to resturants in need of staff during busy periods. prepare a one-page report explaining which section or sections of the business plan would be the most crucial to this new business and why.
The most crucial sections of the business plan for a business providing temporary kitchen staff are Market Analysis, Organization and Management, and Services. Market Analysis determines demand and competition, Organization and Management outlines business operations, and Services defines the roles offered.
Explanation:In starting a business that provides temporary kitchen help to restaurants, several sections of the business plan will be crucial, although all are important. The three most critical sections are Market Analysis, Organization and Management, and Services.
Market Analysis is vital because the former chef needs to understand the demand for temporary help in the restaurant industry. This involves studying potential competition and formulating strategies to stand out.
Organization and Management is crucial as it details how the business will run. This includes employee management, as the business revolves around supplying staff.
The third important section is Services. It's essential to outline the range of staff roles the business offers to prospective restaurants, such as chefs, sauce cooks, bakers, and meat cutters.
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A former chef starting a business to supply temporary kitchen help to restaurants should focus on the Market Analysis and Operational Plan sections of the business plan as the most crucial. These sections will clarify the demand for such services and detail how the business will meet that demand efficiently.
The Market Analysis section is pivotal to understanding the target market's size, trends, growth rate, and competition. It provides insight into the demand for temporary kitchen staff during peak times and guides pricing and marketing strategies. The Operational Plan outlines the day-to-day running of the business, addressing how temporary staff will be recruited, trained, and matched with client needs. It also covers the logistical challenges of deploying staff to different locations and ensuring quality and reliability, thus addressing critical success factors for a staffing service. Combining these sections gives a clear picture of both the opportunity in the market and the company's plan to capitalize on it, making them indispensable in the business plan.
Government ownership in Sweden is limited primarily to railroads, mineral resources, a public bank, and liquor and tobacco operations. The government is also heavily involved in providing services such as medical care, child care, and transportation. Sweden exemplifies:
Answer:
The options are given below
a. socialism.
b. social capitalism.
c. democratic socialism.
d. capitalism.
The correct option is C. democratic socialism.
Explanation:
Democratic socialism refers to a political idea that supports political democracy within an economy that is socially owned. In this philosophy, emphasis in placed on workers' self-management and the democratic control of economic institutions within a market socialist economy or some form of a planned socialist economy in which power is decentralized.
Democratic socialists believe that both the economy and society should be run democratically, in order to meet the needs of the general public, and not to make profits for a selected few.
In Democratic Socialism, the aim is not to create an all-powerful government bureaucracy, the belief is that, social and economic decisions should be made by those whom they most affect.
On March 1, 2022, Sandhill Co. acquired real estate, on which it planned to construct a small office building, by paying $85,000 in cash. An old warehouse on the property was demolished at a cost of $9,200; the salvaged materials were sold for $1,900. Additional expenditures before construction began included $1,400 attorney’s fee for work concerning the land purchase, $5,000 real estate broker’s fee, $8,900 architect’s fee, and $15,000 to put in driveways and a parking lot.
(a) Determine the amount to be reported as the cost of the land.
Cost of land
$Enter a dollar amount
Answer:
The correct answer is $98,700.
Explanation:
According to the scenario, the computation of the given data are as follows:
We can calculate the cost of land by using following formula:
Cost of land = Cash paid + Demolished cost - Salvage sold + Attorney fees + Broker's fees
By putting the value, we get
Cost of land = $85,000 + $9,200 - $1,900 + $1,400 + $5,000
= $98,700
(Note = Architect fee and parking lot amount comes under cost of building)
The cost of the land is $82,600, calculated by subtracting the salvaged materials' proceeds and additional expenditures from the initial cash payment.
Explanation:To determine the amount to be reported as the cost of the land, we need to consider the initial cash payment for the real estate, the cost of demolishing the old warehouse, and any additional expenditures related to the land purchase before construction began.
The initial cash payment for the real estate was $85,000.The cost of demolishing the old warehouse was $9,200, but $1,900 was earned from selling the salvaged materials.Additional expenditures included $1,400 attorney's fee, $5,000 real estate broker's fee, $8,900 architect's fee, and $15,000 for driveways and a parking lot.To calculate the cost of the land, we subtract the salvaged materials' proceeds and the additional expenditures from the initial cash payment:
Cost of land = $85,000 - ($1,900 + $9,200 + $1,400 + $5,000 + $8,900 + $15,000)
Therefore, the cost of the land is $82,600.
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Suppose the economy is currently operating at potential output; an expansionary gap may be caused by each of the following except: a positive demand shock. a positive inflation shock. an increase in government spending. an increase in the inflation rate.
Answer:
an increase in the inflation rate
Explanation:
Inflation rate: In economics, the term "inflation" is described as a sustained or a constant increase in the nominal or the general price levels of specific services and goods in a particular economy over a time period. However, the common measure or determinant of inflation is considered as the "inflation rate" i.e, the "annualized percentage change" in a common price index, that generally comes out to be the consumer's price index over a specific time period.
Mona contracts to repair a computer for New Data, Inc. (NDI) for $450 and have it done by next Monday. Mona knows that without the computer by Monday, NDI will lose a sale in which it will make $5,000 profit. Mona does not perform as promised, NDI loses the sale, and has to get someone else to repair the computer at a cost of $1,000. NDI files a suit against Mona. As consequential damages, NDI can recover:
Answer:
$5,000
Explanation:
Consequential damages are damages that result from the one party in a contract not performing their part or breaching the contract.
In this case, New Data can sue Mona for consequential damages resulting from Mona not performing her contractual obligations. The damages that New Data can recover = $5,000 which is the profit from the lost sale. The $1,000 spent fixing the computer cannot be recovered.
Assume that actual sales results exceed the planned results for the second quarter. This favorable difference is greater than the unfavorable difference reported for the first quarter sales. Which of the following statements about the sales budget report on June 30 is true?
A. The year-to-date results will show a favorable difference.
B. The sales report is not useful if it shows a favorable and unfavorable difference for the two quarters.
C. The year-to-date results will show an unfavorable difference.
D. The difference for the first quarter can be ignored.
Answer:
A. The year-to-date results will show a favorable difference
Explanation:
solution
Actual sale result in the second quarter Q2 exceed budget result is as
(Q2 actual) - (Q2 budget) = positive .......................1
and
unfavourable difference in Q1 first quarter is express as
(Q1 actual) - (Q1 budget) = negative ......................2
and
so here favourable difference in Q2 > unfavourable difference in Q1
and here
Q1 = lower negative
Q2 = higher positive
so here
net result in first half of year (Q1 and Q2) is
first half result = Q1 result + Q2 result ......................3
first half result = lower negative + higher positive
first half result = positive
so that here
the first half result (year to date) will be favourable difference
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17. Which of the following would be a reason why people save and invest?
A. To appear to be less well off than they really are
B. To buy day to day items
C. To prepare for retirement
D. To hide their money from the government
Answer:
c) to prepare for retirement
Explanation:
people save and invest so when they retire they don't have to worry about whether they have money for bills or other things
Eva is perceived by her team members as having extraordinary leadership abilities. Her strong vision enables her team members to buy in. She has continually taken personal risks to protect her team. On several occasions, she has lobbied for innovative approaches with management and is often described as an individual who "goes against the flow." Eva is a(n) _______ leader.
Answer:
charismatic
Explanation:
Based on the scenario being described within the question it can be said that Eva is a charismatic leader. This characteristic refers to an individual (or in this case leader) who's personality exercises a compelling charm that tends to inspire devotation in others. Which is what Eva seems to demonstrate, and is why all her team members admire and follow her.
Eva is perceived as a transformational leader due to her extraordinary leadership abilities, visionary approach, and willingness to take risks for her team's protection and innovation.
The description of Eva aligns with the characteristics of a transformational leader. Transformational leadership is marked by the ability to inspire and motivate team members to exceed their own expectations and capabilities, often leading to innovation and change within an organization. These leaders are known for their visionary qualities, their willingness to take risks, and their capacity to drive their team towards achieving a greater purpose. Eva's actions, such as taking personal risks to protect her team and lobbying for innovative approaches, exemplify the qualities of a transformational leader. She does not only challenge the status quo but also encourages her team to think creatively and work harder, a trait commonly observed in iconic transformational leaders like Steve Jobs and Lee Iaccoca.
Jason, a personal care product manufacturer, incorporates customers' suggestions in designing a new line of safety razors for men. The new product is launched with thinner, finer blades. However, when the new razors reach the market, customers fail to notice any improvement in them. In the given scenario, the customers' reactions indicate that the new razor design has failed to register the _____.
A. mere exposure effect
B. mere association effect
C. just meaningful difference
D. just noticeable difference
Answer:
The answer is option (D) just noticeable difference.
Explanation:
Just noticeable difference (JND) is a term which describes the minimum difference or amount of difference that can be sensed, detectable or noticeable.
Although Jason's razors were made thinner and finer than used to be, they didn't grab the attention of users because the changes made on the razor were below the minimum difference or amount of difference that could be noticeable by users of the razors.
Social surplus is maximized when all buyers with the reservations values ___________ than the market price are actually making purchases and all sellers with the reservation values ___________ than the market price are selling the products.
Answer:
highest-value; lowest-cost
Explanation:
Social surplus can be define as the rate, amount of value or utility(which are welfare) a society has gotten from goods and services consumption. It is not not like money or resource.
it is also referred as economic surplus. it is the summation of the sum of consumer surplus and producer surplus. The economic surplus is referred to as welfare package in full
Malcolm was involved in an auto accident. He was judged to be 20% at fault in the accident and the other party was judged to be 80% at fault. Malcolm’s actual damages were $40,000. Under a pure comparative negligence rule, how much will Malcolm receive for his injuries?
Answer:
Malcom will receive $32,000 for this injurires.
Explanation:
According the data Malcolm’s actual damages were in the accident were $40,000, and the other party was judged to be 80% at fault in the accident.
Therefore in order to calculate how much will Malcolm receive for his injuries, we have the make the following calculation:
$40,000 * 0.8 = $32,000
Hence, Malcom will receive $32,000 for this injurires.
Answer:
Malcolm would receive $32,00 for his injuries
Explanation:
The damages is $40,000 from which the beneficiary of the damages,Malcolm is to foot 20%,hence is expected to receive 80% of the damages from the judgement debtor.
The amount of cost that Malcolm would personally bear is $8000,(20%*$40,000) while receiving the balance of $32,000($40,000-$8000) from the other party,this is the sharing arrangement for damages under the comparative negligence rule as damages is meant to be awarded depending on the level of the beneficiary level of contributory negligence to the accident.
At Spyglass Inc., a private eye firm, new hires are chosen with utmost care. The reputation of the company is to provide clients with one hundred percent correct information on any matter that they want investigated. Which of the following methods should it use to hire new employees?A) multiple hurdles approachB) compensatory approachC) contingent approachD) normative approach
Answer:
A. Multiple hurdles approach
Explanation:
Multiple hurdles approach is a selection strategy in which applicants are expected to pass each step in the selection process and failure at any step leads to disqualification. The multiple hurdle approach is an efficient method in candidates selection used in eliminating candidates not fit at various stages. The downside to this technique however is that it eliminates excellent candidates who doesn't excel in just one phase of the selection process.
The steepness of the demand curve is determined in part by the degree of substitutability between products. If buyers see products as good substitutes, demand will be______ . If buyers see products as poor substitutes, demand will be________.
Answer: Flatter; Steeper.
Explanation:
Elasticity affects the slope of the demand curve of a product. A greater slope implies a less elastic product and a steeper demand curve.
The steepness of the demand curve is typically determined by the degree of substitutability between the products. In cases where the buyers see the products as good substitutes, the demand will be flatter .
The flatter demand curve shows that there is a greater quantity demanded in response to a price change. When buyers see products as poor substitutes, the demand will be steeper.
Fill in the blank: The steepness of the demand curve is usually determined in part by the degree of substitutability between the products. Also, If buyers see products as good substitutes, demand will be FLATTER. Then If buyers see products as poor substitutes, demand will be STEEPER.
What is Elasticity demand?
When the Elasticity affects the slope of the demand curve of a product. A greater slope implies a less elastic product and a steeper demand curve.
When The steepness of the demand curve is determined to those degrees of substitutability between the products. In such cases where the buyers see the products nearly as good substitutes, the demand is going to be flatter.
According to the flatter demand curve shows that there's a greater quantity demanded in response to a price change. When buyers see products as poor substitutes, the demand is steeper.
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How can personal selling reduce the costs of promoting a product or service? By promoting a product to both qualified and nonqualified prospects By promoting undifferentiated sales messages toward prospective consumers By purchasing advertising and sales promotions in large amounts By adjusting the size of the sales force in one-person increments
Answer:
By adjusting the size of the sales force in one-person increments
Explanation:
Personal selling refers to the form of product promotion wherein the seller directly interacts with the prospect on one to one basis enumerating product attributes and different uses. Under it, the seller tries to persuade the buyer and tries to effect a sale.
The goal of personal selling is to build long term relationship with the buyer alongside customer satisfaction.
The size of the sales force determines the cost of the personal selling activity relating to promoting products and services. Greater the size of the sales force i.e number of personnel employed to cater to prospects in a particular region, greater will be the cost of promotion in the form of salary of those personnel coupled with commission and incenetives.
Under one person increment, the increement in salary of a sales person depends upon individually how much sales value has been effected by him or directly attributable to him. Adjusting sales force size in one person increments, thus reduces the cost of promotion.
When each employee is assessed in terms of how well he or she performs on a set of performance dimensions based on some predetermined standards of performance, the firm is using a(n) _______. paired distribution approach ranking approach absolute approach forced approach
Answer:
absolute approach
Explanation:
The absolute approach of appraising an employee is one that uses comparism of the employee performance against established standards of the organisation.
Employees are not compared to other employees, evaluation is done on an individual basis.
This is a very objective method of appraisal because the tendency to favour one employee's performance over another through collective performance is not done.
Rather appraisal measures how each employee performs against the set standard.
__________ refers to the location of the sport product, the point of origin for distributing the product, the geographic location of the target markets, and other channels that are important to consider regarding how target audiences may access the product.
Answer:
Place refers to the location of the sport product, the point of origin for distributing the product, the geographic location of the target markets, and other channels that are important to consider regarding how target audiences may access the product.
Explanation:
Place is simply a portion of space designated or available for or being used by someone.
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19. Based on what you've read, what seems to be the overall result of government laws on wages?
A. Increased supply of labor, lower wages
B. Reduced supply of labor, higher wages
C. Decreased supply of labor, lower wages
D. Increased supply of labor, higher wages
Answer:
B, reduced supply of labor, higher wages
Explanation:
Government laws have a minimum wage that has to be earned by the company to employ a person.
Which of the following equations is valid? Select one: a. Total surplus = Value to buyers - Amount paid by buyers b. Consumer surplus = Total surplus - Cost to sellers c. Total surplus = Amount received by sellers - Cost to sellers d. Producer surplus = Total surplus - Consumer surplus
Answer:
D. Producer Surplus = Total surplus - Consumer surplus
Explanation:
Total surplus is a term used to evaluate the economic welfare. The addition of the consumer surplus and producer surplus gives the Total surplus.
Producer surplus is obtained by subtracting economic cost from the market selling price. Consumer surplus refers to the difference between the willingness to pay and the market price.
Since Total surplus = Consumer surplus - Producer surplus, then Producer surplus can be obtained by subtracting Consumer surplus from Total surplus.
Brand managers know that increasing promotional budgets eventually result in diminishing returns. The first one million dollars typically results in a 26% increase in awareness, while the second million results in adding another 18% and the third million in a 5% increase. Andrews’s product Awe currently has an awareness level of 80% . While an important product for Andrews, Awe promotion budget will be reduced to one million dollars for the upcoming year. Assuming that Awe loses one-third of its awareness each year, what will Awe awareness level be next year?
Answer:
The Expected Awareness level for the next year will be 58%
Explanation:
In order to calculate the Expected Awareness level, first we have to calculate opening awareness level using the following formula:
Opening awareness level=Closing level−Decrease in awareness per year
=80%−(1/3×80%)
=80%−26.4%
=53.6%
After having calculated the Opening awareness level we can calculate the Expected Awareness level for next year with the following formula:
Expected Awareness level=Opening awareness level+Increase in level
=53.6%+5%
=58%
"IFRS uses a fair value test to measure impairment loss. However, IFRS does not use the first-stage recoverability test under GAAP - comparing the undiscounted cash flow to the carrying amount. As a result, the IFRS test is"
Answer:
As a result, the IFRS test is more strict than U.S. GAAP.
b) More stringent than GAAP's test because it directly measures impairment loss using fair value, which may result in recognizing impairment earlier.
International Financial Reporting Standards (IFRS) employ a fair value test to measure impairment loss, directly using market-based or model-based estimates. By contrast, Generally Accepted Accounting Principles (GAAP) initially use a recoverability test comparing undiscounted cash flows to the carrying amount before assessing impairment.
This makes the IFRS impairment test more stringent than the GAAP test because IFRS potentially recognizes impairment losses earlier, directly comparing the fair value to the carrying amount without preliminary steps.
Therefore, the correct answer is:
b. More stringent than GAAP's test because it directly measures impairment loss using fair value, which may result in recognizing impairment earlier.While GAAP's test takes an additional step to filter results which might delay recognition, IFRS's direct approach aligns with more timely and market-reflective adjustments.
Complete Question:
"IFRS uses a fair value test to measure impairment loss. However, IFRS does not use the first-stage recoverability test under GAAP - comparing the undiscounted cash flow to the carrying amount. As a result, the IFRS test is":
a. Less stringent than GAAP's test because it does not consider the undiscounted cash flow as a preliminary step.
b. More stringent than GAAP's test because it directly measures impairment loss using fair value, which may result in recognizing impairment earlier.
c. Less stringent than GAAP's test because it uses fair value, which can be subjectively determined.
d. The same in terms of stringency as GAAP's test because both ultimately measure impairment loss.
JED Corp., an e-commerce company, has created a network that supports its supply chain management system. The network provides the company's suppliers with secure access to critical trading partner information and facilitates trading partner automation. In this scenario, the network created by JED Corp. is an example of a(n) _____.
The question is incomplete, it lacks options.
A) extranet
B) corporate portal
C) intranet
D) executive information system
Answer:
Extranet.
Explanation:
An extranet can be defined as a private network that is used for information sharing. An extranet is a private network which is created by a company to enable customers and suppliers to get specific information about the company but preventing them access to other private and sensitive information.
Extranet makes it very easy to share information with potential customers and various shareholders. Extranet also improves customer service by providing them with various information to solve their questions.
Final answer:
The network created by JED Corp. is an example of an e-commerce network that facilitates trading partner automation and secure access to critical information for suppliers.
Explanation:
The network created by JED Corp. is an example of a(n) e-commerce network. An e-commerce network is a digital infrastructure that allows businesses to connect and exchange information with their trading partners. In this case, JED Corp.'s network provides secure access to critical trading partner information for its suppliers, enabling automation and efficient supply chain management.
Suppose that a borrower wants to qualify for a conforming loan (total debt service ratio of 36%) with a monthly PITI payment of $600. She has $300 in other long-term obligations. What is the minimum gross monthly income she must make in order to qualify for this loan?
Answer:
$2500
Explanation:
The maximum amount of payments allowed for payables per month is 36% of the gross monthly income. And here, the total payments that is made during the month is $600 and $300 for long term borrowings and PITI which is a long term commitment of making monthly payments.
So the total payments for settlement of long term obligations is $900 which is 36%.
So
Gross monthly Income = $900 / 36% = $2500.
In a production application involving a fixed setup cost and a variable cost, the use of __________ makes including the setup cost possible in a production model. Group of answer choices noninteger constraints location variables binary variables objective function coefficients
Answer:
The correct answer is binary variables.
Explanation:
A binary variable is one that can only have two possible values. They generally fulfill two essential characteristics:
1. They are made up of two exhausting values, which indicates that there is no other possibility of response. For example, a person is female or male.
2. Both values of the variable are exclusive, that is, it is not possible that both responses can be given, only one. In the same example above, a customer cannot be a woman and a man at the same time.
The binary variables would allow for only 2 values to be given and thus, will be suited for production application involving a fixed setup cost and a variable cost
A binary variable is one that can only have two possible values and fulfill two essential characteristics:
The binary variable made up of two exhausting values that indicates that there is no other possibility of response. The values given in the binary variable are exclusive.
Hence, the Option C is correct.
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Waterway Company uses a perpetual inventory system and made a purchase of merchandise on credit from Carla Vista Corporation on August 3, for $9200, terms 2/10, n/45. On August 10, Waterway makes the appropriate payment to Carla Vista. The entry on August 10 for Waterway Company is
Answer:
Dr Accounts Payable 9200 Cr Cash 9016 Cr Inventory 184
Explanation:
The payment terms of 2/10, n/45 mean that if paid within 10 days the company is entitled to a 2% discount. Otherwise full payment is required within 45 days.
Since we're settling the account within 10 days ( 7 days after purchase ) we are entitled to a 2% discount.
Originally the inventory was recorded at 9200 Dr and a Cr to Accounts payable of 9200.
The day the invetory is paid we will record the following (August 10)
Dr Accounts Payable $9200
Cr Cash/Bank $9016
Cr Inventory $184
Since we're using the perpetual inventory system the actual cost of inventory is 9016 and not 9200. Thus inventory is now recorded at 9016. The cast amount is the actual amount used to settle the account after the 2% discount was applied.
Answer:
the journal entries to record this transaction should be:
August 3, purchase merchandise on account terms 2/10, n/45
Dr Merchandise inventory 9,200
Cr Accounts payable 9,200
August 10, invoice is paid within discount period:
Dr Accounts payable 9,200
Cr Cash 9,016
Cr Purchase discounts 184
I recorded the transactions using the gross method, if you use the net method then the transaction should have been originally recorded with the sales discount (Dr Merchandise inventory 9,016, Cr Accounts payable 9,016).
In general, markets are efficient when:
prices respond quickly to new information.
each successive trade is made at a price close to the preceding price.
they can absorb large amounts of securities or assets without changing the price significantly.
All of the above
Answer:
All of the above.
Explanation:
Market efficiency can be defined as the degree to which market prices reflect all the available and relevant information. A market that is truly efficient eliminates the possibility of beating the market, because any information that is available to any particular trader is already incorporated into the market price.
In summary therefore, market efficiency refers to the ability of markets to incorporate information that will provide the maximum possible amount of opportunities available to purchasers and sellers of securities to effect transactions without increasing subsequent transaction costs.
When a customer is searching for their preferred or familiar product brand in a store and cannot find it, they will often purchase an alternate brand that they are aware of due to .
Answer:
Brand recognition
Explanation:
Brand recognition is when a customer is able to recognize a brand over other brands. Customers are able to recognize or identity the products either through the designs or special features .
Brand recognition that are properly done gives the product an edge over others. The ideal is to quickly make buyers or customers recognize the product without stress.
Example of brand recognition is a company's product that is easily identified either through colour or designs.