Answer: Past experience
Explanation: As per the case study we have worked for a similar project and that too not very long time ago thus we have the experience to handle these kinds events. This case study brings out the importance of human resource assets in the organisation and the intangible value they carry in form of experience .
Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of 8,638. The FICA tax for social security is 6.2% of the first $118,500 of employee earnings each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The FUTA tax rate of 0.6% and the SUTA tax rate of 5.4% are applied to the first $7,000 of an employee's pay. The amount of federal income tax withheld from her earnings was $1,433.27. Her net pay for the month is ________.
Answer:
Net Pay = Gross Pay - Federal Income Tax - FICA-SS Tax - FICA-Medicare Tax
Net Pay = $8,260.00 - $1,325.17- $512.12 - $119.77* = $6,302.94
Explanation:
To calculate Portia Grant's net pay for the month of January, deduct the various taxes from her total earnings. The net pay for the month is $5,124.62.
Portia Grant's net pay for the month of January, we need to deduct the various taxes from her total earnings. Let's break it down step by step:
Calculate the FICA tax for social security by multiplying the earnings by 6.2% (0.062). This is done on the first $118,500 of employee earnings each year. So, ($8,638 * 0.062) = $534.78.Calculate the FICA tax for Medicare by multiplying the earnings by 1.45% (0.0145). This is applied to all earnings. So, ($8,638 × 0.0145) = $125.33.Calculate the federal income tax withheld from her earnings, which is given as $1,433.27.Calculate the FUTA tax by multiplying her earnings by 0.6% (0.006) on the first $7,000 of pay. So, ($7,000 × 0.006) = $42.Calculate the SUTA tax by multiplying her earnings by 5.4% (0.054) on the first $7,000 of pay. So, ($7,000 × 0.054) = $378.Finally, calculate her net pay by subtracting the total taxes (FICA, federal income tax, FUTA, and SUTA) from her total earnings. Net pay = Total earnings - Total taxes = $8,638 - ($534.78 + $125.33 + $1,433.27 + $42 + $378).Calculating the net pay gives us $5,124.62 for the month of January.
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Consumer surplus is A. a buyer's willingness to pay for a good plus the price of the good. B. the amount a buyer is willing to pay for a good minus the amount the buyer actually pays for it. C. the amount by which the quantity supplied of a good exceeds the quantity demanded of the good.
Answer:
B. the amount a buyer is willing to pay for a good minus the amount the buyer actually pays for it.
Explanation:
a consumer surplus is the amount that exceeds the amount that a consumer actually pays for a product and the amount they are willing to pay
A 79-year old widowed client telephones you, her representative, telling you the following: “I just received a phone call telling me that I have won the Mega Millions International Lottery, and that in order to release my winnings, I must wire $10,000 to pay for the international taxes due.” She gives you the international wiring instructions and directs you to send out the wire. What action should you take? A Follow the customer’s instructions B Do not follow the customer’s instructions and freeze the account from all transactions or removal of assets C Notify the trusted contact person on the account, who is listed as the client’s daughter, and place a hold on the requested wire transfer D Close the account and reopen a new account in the name of the trusted contact person, who is listed as the client’s daughter
Answer:
The correct answer is option C.
Explanation:
The phone call regarding the lottery here is most likely a fraud and scam to dupe elderly client.
The most appropriate action in this regard would be not to put a hold on sending the wire, and inform a trusted contact person, in this case, the client's daughter.
There is high chances that following client's instructions can lead to loss of $10,000.
Freezing account can cause inconvenience to the client.
So, the most appropriate action is option C.
7. At a price of $2.00, total surplus is A. larger than it would be at the equilibrium price. B. the same as it would be at the equilibrium price. C. smaller than it would be at the equilibrium price. D. There is insufficient information to make this determination.
Answer: Option (D) is correct.
Explanation:
There is insufficient information for making any comments on the total surplus when price is $2.00.
Total surplus is a combination of two components that are producer surplus and consumer surplus.
we are not able to comment anything on total surplus untill we have some details on equilibrium price. Once the details of equilibrium are available then we are able to measure total surplus.
Final answer:
Total surplus at a price of $2.00 is smaller than at the equilibrium price. A price floor has the largest effect when it is set substantially above the equilibrium price, creating a larger surplus. A price ceiling's largest effect occurs when set substantially below the equilibrium, causing a significant shortage.
Explanation:
At a price of $2.00, total surplus is C. smaller than it would be at the equilibrium price. Equilibrium price is defined as the price at which quantity demanded equals quantity supplied. Any price other than the equilibrium results in either excess supply or excess demand, leading to a decrease in total surplus, which is the sum of consumer surplus and producer surplus.
When discussing a price floor, it will have the largest effect if it is set substantially above the equilibrium price. This is because it would cause the greatest discrepancy between the quantity demanded and quantity supplied, resulting in a larger surplus of goods. In contrast, a price ceiling will have the largest effect if it is set substantially below the equilibrium price, as this would cause a significant shortage by increasing the quantity demanded and decreasing the quantity supplied.
With increased access to wireless technology and lighter weight, the demand for tablet computers has increased substantially. Tablets have also become easier and cheaper to produce as new technology becomes available. 1) When consumers purchase tablet computers, the interaction and exchange occurs in the (product/factor) market, 2) while the resources used to produce the tablets are bought and sold in the (product/factor) market.
Answer: The answer is as follows:
Explanation:
(1) When the consumers buy tablet computers, so this exchange will be occurs in the product market because there is a exchange of goods and services between the two parties that the buyer of tablet computers and seller of the same. Product market refers to the market at which there is a buying and selling of goods and services.
(2) Whereas the resources that are used to produce the tablet computers are bought and sold in the factor market. Factor market refers to the market in which there is a buying and selling of inputs that are used to produce certain products.
What effect will each of the following have on the demand for small automobiles such as the Mini-Cooper and Fiat 500?A. Small automobiles become more fashionable: IncreaseB. The price of large automobiles rises (with the price of small autos remaining the same): IncreaseC. Income declines and small autos are an inferior good: IncreaseD. Consumers anticipate that the price of small autos will greatly come down in the near future: decreaseE. The price of gasoline substantially drops: Cannot be determined
Answer: The explanation are as follows:
Explanation:
(A) If small automobiles become more fashionable then this will attract the consumers attention towards small automobiles. So, this will increase the demand for the small automobiles.
(B) If the price of large automobiles rises and the price of small automobiles remains the same. They both are substitute goods. So, the demand for small automobiles increases as the price of its substitute goods increases.
(C) If small automobiles are inferior good and there is reduction in the income of consumers. This will increase the demand for small automobiles as the income of the consumers decreases.
(D) If consumers anticipate that the price of small autos will greatly come down in the near future then they stop buying small automobiles today. So, the demand for small automobiles decreases because consumers waiting for the lower price in the near future.
(E) Gasoline and small automobiles are complementary goods, therefore, if the price of gasoline substantially drops, as a result demand for small automobiles increases.
The effects of change in demand for small automobiles such as Mini-Cooper and Fiat 500 in each of the following cases will be as -
When there is a change in the tastes and preferences of the consumer to consume fashionable goods, the demand for small automobiles in fashion will ultimately increase for the period. Small and large automobiles are substitute goods. If the prices of substitute increase, which is large automobiles in this case, there will be an increase in the demand for the small automobiles. Lowered consumer income will shift consumer's mentality to consume more inferior goods. Here, the demand for small autos being an inferior good will increase. If there is a mental bias in the minds of a rational consumer that the prices for small autos will be decreased in the near future then, in such case, a rational consumer will wait for prices to decrease and the demand for the current period will be lowered. Automobiles run on gasoline fuels. So, they are complimentary goods. If the costs of driving small autos is decreased, this will lead to an increase in demand for small autos. How does a change in demand for a commodity take place?A change in demand for a product is dependent on a change in various external factors like consumer's income, preferences, prices of substitutes and complimentary goods and many such factors.
In the above example, we have seen either an increase or decrease in the demand for the small autos in different conditions when it is assumed that there is no change in the prices of small autos in the current market.
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Havermill Co. establishes a $390 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated receipts on that date represent $87 for Office Supplies, $165 for merchandise inventory, and $36 for miscellaneous expenses. The fund has a balance of $102. On October 1, the accountant determines that the fund should be increased by $78. The journal entry to record the establishment of the fund on September 1 is
Answer:
petty cash 390 debit
cash 390 credit
Explanation:
We are asked for the establishment of the fund
we only need to create the petty cash account for the amount.
And decrease the cash account for the same amount, because is no logner available for other use.
When increasing the found we do thesame entry for the additional cash
If we need to remove the petty cash we will reverse this entry for the full amount
If we need to decrease the petty cashwe will reverse this entry forthe amount deducted
On July 9, you purchased 600 shares of Blue Water stock for $32 a share. On August 4, you sold 100 shares of this stock for $33 a share. You sold an additional 100 shares on August 14 at a price of $34.50 a share. The company declared a dividend of $.76 per share on August 3 to holders of record as of Monday, August 17. This dividend is payable on September 15. How much dividend income will you receive on September 15? a. $304 b. $418 c. $380 d. $360 e. $456
Answer:Dividend received = $380
Explanation:
Given:
Dividend declared= $0.76
Shares purchased= 600
Shares sold= 100
The dividend income we will receive on September 15 can be computed using the following formula:
Dividend received = Dividend declared×( Shares purchased- Shares sold)
= 0.76×(600-100)
= $380.
Castle Brew Inc., a leading multinational beverage manufacturing company, coordinates with Waste Yard Inc., a waste management company, to devise a strategy that would help in recycling and reusing beverage bottles. Castle Brew Inc. plans to install hundreds of machines that would recycle empty bottles in many locations and provide rewards to those consumers who participate in the initiative. The company believes that this initiative would help protect the environment. In this scenario, Castle Brew Inc. is practicing _____.
Answer:
Socially responsible business
Explanation:
The company is investing in save the enviroment, so it is assuming his role inside the society. It is performing a policy which does not seek profit, it seeks to generate a better and sustainable community and world.
It reduces waste and promotes recicling
Castle Brew Inc. is practicing Corporate Social Responsibility (CSR) by collaborating with Waste Yard Inc. to devise a strategy for recycling and reusing beverage bottles. This initiative acts as a form of a 'pollution tax', encouraging consumers to participate in the environmentally friendly practice.
Explanation:Castle Brew Inc., a multinational beverage manufacturing company, is practicing Corporate Social Responsibility (CSR). By partnering with Waste Yard Inc., Castle Brew Inc. is taking an initiative to protect the environment via recycling and reusing of beverage bottles. Rather than externally imposing command-and-control regulations, the company is voluntarily stepping forward and devising strategies to handle waste management effectively.
By installing machines to recycle empty bottles and providing rewards, Castle Brewery is akin to implementing an eco-friendly form of a 'pollution tax'. This acts as incentive for consumers to participate in the initiative, thereby reducing pollution in a flexible and cost-effective way.
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Mike, a U.S. citizen, buys $1,000 worth of olives from Greece. By itself this purchase
a. increases U.S. exports by $1,000 and increases U.S. net exports by $1,000.
b. increases U.S. exports by $1,000 and decreases U.S. net exports by $1,000.
c. increases U.S. imports by $1,000 and increases U.S. net exports by $1,000.
d. increases U.S. imports by $1,000 and decreases U.S. net exports by $1,000.
Answer:
d. increases U.S. imports by $1,000 and decreases U.S. net exports by $1,000.
Explanation:
There are two types of international trades, import and export
Import refers to the trade where the principal country buys goods from another country and takes goods.
Export refers to the trade in which the principal country sells goods from own country and send to the buyer country.
Here principal country is the country of concerned person Mike that is US
Since he purchased he bought goods i.e. Olives from Greece into US.
That means he made a import.
With this US import rises by $1000,
Further net exports = Total export - Total import
Since with this transaction total imports increased by $1,000 net exports will decrease by $1,000
d. increases U.S. imports by $1,000 and decreases U.S. net exports by $1,000.
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Megan, Uma, and Ricardo all work for the same car insurance company. Megan is a Sales Agent, Uma is an Underwriter, and Ricardo is an Accident Investigator. Which tasks do all three employees perform?
A.selling insurance policies to customers and using math and statistics to judge the level of risk a customer represents
B.using math and statistics to judge the level of risk a customer represents and using computers and other office technology
C.maintaining and organizing customer information and using computers and other office technology
D.gathering, analyzing, and documenting information about incidents and maintaining and organizing customer information
Answer:
D.gathering, analyzing, and documenting information about incidents and maintaining and organizing customer information
Answer:
DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD
DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD
DDDDDDD
DDDDDDD
DDDDDD
DDDDDD
DDDDQ
DDDD
DDDDDDDD
DDDDDDDDDDD
Explanation:
For a restaurant, the logical activity base for wages expense would be a. number of customers. b. number of employees. c. number of restaurants in town. d. None of these choices are activity bases.
Answer: The answer is B, the logical activity base for salary expenses is Number of employees.
Explanation:
For a restaurant, the logical activity base for salary expenses is the number of employees because the more employees you have, the more salary expenses the company will have.
In the aftermath of the 2007–2009 recession, the U.S. national debt rose to record levels as the federal government used expansionary fiscal policy to speed up the economic recovery. This led some politicians to propose a significant reduction in the size of government in order to balance the budget. Would such a policy be expansionary or contractionary in nature? What factors would determine whether or not such a policy would harm economic growth?
First, we must classify fiscal policy, which may be contractionary when the government wants to cool the economy, or expansionary when the government wants to stimulate the economy.
In the 2008 crisis, the government increased its spending to stimulate the economy, so the government adopted an expansionary fiscal policy.
However, rising spending has made the state swell. The purpose of reducing the size of the state to balance the budget is a contractionary policy aimed at reducing the state's spending.
Both policies can stimulate the economy if done at the right time. In the context of the crisis, it makes sense to increase government spending. However, after the economy improves, to stimulate the economy, the state must have a balanced budget. This is essential for attracting private investment and increasing the economy's productivity.
It costs a meat-processing company $50,000 to produce 5,000 pounds of steak. The company’s cost will be $50,009 if it produces an additional pound of steak. If the company produces 5,001 pounds of steak then a. its average cost is greater than its marginal cost. b. its average cost and its marginal cost are equal. c. its average cost is less than its marginal cost. d. there is insufficient information to compute average and marginal costs.
Answer:
a. its average cost is greater than its marginal cost
Explanation:
The purpose of sobriety checkpoints that are set up by community and state police is to deter drunk driving and ultimately save lives. While not mandated, the makers of Blackberry have complied with the public request of several legislators and have obediently removed apps that permit smartphone users to navigate around the checkpoints. Google and Apple have elected not to honor such requests. After studying about ethics and social responsibility, which of the following statements applies to this situation?A.Laws represent the minimum guidelines that companies must follow, whereas a firm’s ethical stance may venture beyond the minimum level of compliance.B.Google and Apple are showing corporate social responsibility because they demonstrate concern for their investors, which is exactly where their focus should be.C.Blackberry is acting philanthropically toward government.D.Google and Apple are showing their distrust for big government, and their avoidance of contributing toward philanthropic causes.
Answer: After studying about ethics and social responsibility, the following statements applies that Google and Apple are showing corporate social responsibility because they demonstrate concern for their investors, which is exactly where their focus should be.
i.e. Corporate social responsibility is vital, self-regulating model that further eases and helps an organization be socially responsible to itself, its stakeholders, and the public.
Some people want healthy cereal that will help them lose weight or possibly prevent certain kinds of cancer. Some want presweetened cereal. Some want fruits and nuts in their cereal. Some people want whole wheat cereal while others want rice cereal. There are some who like hot cereal and others who like to eat their cereal right out of the box. The diversity of consumers for cereal is an example of ________.
Answer:
Some people want healthy cereal that will help them lose weight or possibly prevent certain kinds of cancer. Some want presweetened cereal. Some want fruits and nuts in their cereal. Some people want whole wheat cereal while others want rice cereal. There are some who like hot cereal and others who like to eat their cereal right out of the box. The diversity of consumers for cereal is an example of Market Fragmentation.
The diversity in cereal consumer preferences exemplifies market differentiation. Claims that cereal consumption causes healthy weight can be misleading without experimental evidence to show causation. Income and advertising also influence consumer demand and preferences.
Explanation:The diversity of consumers for cereal is an example of market differentiation and consumer preferences. Companies may claim a correlation between eating cereal and weight as a causation for healthy weight to promote their products. This can be a misleading cause-and-effect claim because correlations do not prove causation. Other factors may contribute to a person's weight, such as lifestyle choices or the likelihood that someone at a healthy weight may choose cereal regularly. It's essential to conduct an experiment to establish causality rather than rely on correlational studies.
Preferences are influenced by many factors such as advertising, social trends, or new experiences. Additionally, a person's income affects their demand for goods. As income increases, so typically does demand. Moreover, the role of advertising in promoting product differentiation in a market-oriented economy is a point of debate among economists. While some view the extensive variety as socially wasteful, others argue that differentiated products provide substantial benefits to consumers.
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Entertainment Tonight, Inc. manufactures and sells stereo systems that include an assurance-type warranty for the first 90 days. Entertainment Tonight also offers an optional extended coverage plan under which it will repair or replace any defective part for 2 years beyond the expiration of the assurance-type warranty. The total transaction price for the sale of the stereo system and the extended warranty is $3,000. The standalone price of each is $2,300 and $900, respectively. The estimated cost of the assurance-warranty is $350. The accounting for warranty wil include a
Select one:
1. debit to Warranty Expense, $900.
2. debit to Warranty Liability, $350
3. credit to Warranty Liability, $900
4. credit to Unearned Warranty Revenue, $900
Answer:
Given:
The total transaction price for the sale of the stereo system and the extended warranty is $3,000.
The standalone price of each is $2,300 and $900, respectively.
The estimated cost of the assurance-warranty is $350.
Here, in this case the warranty expenses against sale of stereo is on basis of expected expenses .
Expected expenses in future is for certainty and sum collected against this expenses. Therefore, $ 900 is gathered under assurance-warranty while no cost is incurred. Therefore, they will credit the unearned warranty revenue of $ 900
Option (4) is correct.
If there is a surplus in the market for loanable funds, the resulting change in the real interest rate a. raises the quantity of loanable funds supplied and reduces the quantity of loanable funds demanded. b. reduces the quantity of loanable funds supplied and raises the quantity of loanable funds demanded c. raises both the quantity of loanable funds supplied and the quantity of loanable funds demanded. d. reduces both the quantity of loanable funds supplied and the quantity of loanable funds demanded.
Answer:
The correct answer is option b.
Explanation:
A surplus in the market for loanable funds is likely to cause a fall in the interest rate. At lower interest rate, people who need credit will demand more loanable funds. While the suppliers will provide less funds. So, the demand of loanable funds will increase and the supply will decrease.
This process will continue till excess demand will cause the interest rate to rise. The initial equilibrium will be restored eventually.
In the presence of a surplus in the loanable funds market, the real interest rate decreases, which reduces the supply of and increases the demand for loanable funds, addressing option b.
Explanation:If there is a surplus in the market for loanable funds, the resulting change in the real interest rate reduces the quantity of loanable funds supplied and raises the quantity of loanable funds demanded. This answer corresponds with option b. In an open market, when there is a surplus of loanable funds, this typically exerts downward pressure on the real interest rate.
As the real interest rate decreases, the cost of borrowing becomes cheaper, which, in turn, increases the demand for loanable funds. Conversely, the incentive for saving decreases due to lower returns on savings, which reduces the supply of loanable funds. This mechanism is how the market moves towards equilibrium, balancing supply and demand through adjustments in the real interest rate.
What is the difference between a code of ethics and a code of conduct? Question 1 options: A) A code of conduct consists of general statements that serve as principles and as the basis for rules of conduct. B) A code of ethics consists of formal statements that describe what an organization expects of its employees. C) A code of ethics is more comprehensive than a code of conduct. D) A code of conduct serves the general public. E) A code of ethics tends to elicit less debate about specific actions.
Answer:
B. A code of ethics tends to elicit less debate about specific actions.
Explanation:
A code of ethics is shorter than a code of conduct, it establishes the general principles and values that a company has. the employees of the company have to act according to this principles. The code of conduct establishes the actions and decisions that are taken according to the employees and company conducts. In general cases, the codes of ethics is the general document that gives the bases for the code of conduct.
A code of conduct is more comprehensive because it includes the rules for every specific situation that may happen in the company, but it does not serve to the general public, it is about internal procedures.
Having this in mind, when there is a problem inside the company, the ethics code does not include the kind of decision that will be taken so it elicit less debate about specific actions; the code of conduct includes the rules and procedures for the specific actions.
Question Help After suffering two years of staggering hyperinflation, the African nation of Zimbabwe officially abandoned its currency, the Zimbabwean dollar, in April 2009 and made the U.S. dollar its official currency. Someone in Zimbabwe would have been willing to accept U.S. dollars in exchange for goods and services because A. the exchange rate was low. B. U.S. dollars were a good store of value. C. it was too expensive to keep producing a local currency. D. U.S. dollars had a lower price level.
Answer: Someone in Zimbabwe would have been willing to accept U.S. dollars in exchange for goods and services because U.S. dollars were a good store of value.
A store of value can be stated as an entity that keep its value without disparaging over the period of time.
The graph represents a mechanic’s labor costs for a given number of hours of car repair. Which statement describes the relationship between labor cost and time for a car repair? (A) All repairs requiring 1 hour or less have the same labor cost. (B) Labor costs the same no matter how many hours are used for a repair. (C) Labor costs for a repair are more expensive as the number of hours increases. (D) There is no cost of labor for a repair requiring less than 1 hour.
Answer:
A on E2020--All repairs requiring 1 hour or less have the same labor cost.
Explanation:
Answer: A (All repairs requiring 1 hour or less have the same labor cost)
Kitchen magazine plans to license the use of its name by a line of cookware. For a magazine, licensing the use of its name for products involves some danger, since if the products disappoint consumers, the magazine's reputation suffers, with consequent reduction in circulation and advertising. However, experts have evaluated the cookware and found it superior to all other cookware advertised in Kitchen. Therefore, Kitchen can collect its licensing fees without endangering its other revenues.The argument above assumes which of the following?(A) No other line of cookware is superior to that which will carry the Kitchen name.(B) Kitchen will not license the use of its name for any products other than the line of cookware.(C) Makers of cookware will not find Kitchen a less attractive advertising vehicle because the magazine's name is associated with a competing product.(D) Consumers who are not regular readers of Kitchen magazine will be attracted to the cookware by the Kitchen name.(E) Kitchen is one of the most prestigious cooking-related magazines.
Answer: Option C
Explanation:
A. In the above case the statement stating superiority of cookware is stated by the experts themselves thus it cannot be considered an assumption.
B. The above case clearly states that the magazine generates revenues from advertising thus it is not an assumption made, actually its a fact stated in the case that magazine will do so.
C. Nothing has been stats about the perspective of the cookware company as they might find the magazine unsuitable as there would be commercials for their competitors. Thus, we can say that it is an assumption.
According to the Huff Gravity Model, the two factors which attract consumers to a store location are: travel time for customer to get to location and the number of customers in a trade area. the attractiveness of the store's location and the time it takes to travel to the store. the size of the store and the number of customers in a trade area. travel time for customer to get to location and the distance between a customer's location and store location. the distance between customer location and store location and the number of customers in a trade area.
Answer:
The correct answer would be option B, The attractiveness of the store's location and the time it takes to travel to the store.
Explanation:
According to the Huff Gravity Model, The two factors which attract customers to a store location are the attractiveness of that store's location and the time it takes to travel to the store.
This means that according to the Huff theory, people will likely to purchase from a store which is present at a more attractive location and also the time taken to reach at that specific store is less. For example, I myself prefer going to Lulu Hypermarket over Panda Hypermarket because of the difference in the location of both the stores and also Lulu Hypermarket is more near to me than Panda Hypermarket. The location of Lulu is more attractive.
Jennifer, a talented photography student, started a corporate photography business. She planned to solicit jobs from large corporations which needed pictures for their annual reports and websites. Although filling a unique niche, Jennifer needed the security that the business would thrive and that she would earn enough to support herself and her child. She also hoped that she would spend less time each day calling on potential clients and more time doing the actual shoots. As her small business consultant, which of the following suggestions would you have for Jennifer?
Jennifer should either take the risk necessary to develop a small business, or go to work for someone else.
In the beginning, it's doubtful that Jennifer will realize ease of entry, security, and good profits. She needs to make plans in the event that one or more of these does not materialize quickly.
Photographers can take pictures of a multitude of things. It's probably not good strategy to limit her business to only photographing the needs of large corporations.
Jennifer should definitely make time for herself each day so that she does not experience burn-out. If she plans well, leaping into her own business will provide her with several hours of unstructured time each day where she can perfect her craft even more.
Answer:
Photographers can take pictures of a multitude of things. It's probably not good strategy to limit her business to only photographing the needs of large corporations.
Explanation:
The specualization on a market niche is the way a company can specialize when it has enough profits or a financial support. However, starting a new business when the economical resources are not big, it is better to start working for all the potential client, in her case she should take different projects, such as parties, movie makers or any job. Then when she has enough capital, she can specialize in the big companies biche.
On January 1, Ozone Inc. sells bonds with a face value of $1,000,000 and a contractual interest rate of 10% for $800,000. The bonds will mature in 10 years. Using the straight-line method of amortization, how much interest expense will be recognized in the first year?
Answer:
Interest expense for the year = $80,000
Since the contractual interest rate is of 10% on $800,000. Therefore, annual interest cost = $80,000, amortization is done on cost of bonds that is $800,000 here though the face value is $1,000,000 but since issue price is $800,000 that cost only shall be amortized in the entire period.
Interest cost is not amortized and charged every year, as an expense in income statement. And it will not depend on book value of bonds after amortization.
Therefore interest expense for the year = $80,000
An American executive goes to Yemen to finalize a business deal. He hands over his documents to his Yemeni host with his left hand, which Muslims in Yemen consider unclean. Moreover, he refuses to accept the dry fruits that he is offered, a behavior that deeply offends his host. As a result, the American loses the business deal to his Australian counterpart who was better versed in Yemeni ways. The lack of understanding of _____ is most likely to have resulted in the loss of business for the American executive.
A. the business laws in Yemen
B. Yemeni ethics
C. the business trends in Yemen
D. the banking system in Yemeni
E. Yemeni culture
Answer: YEMENI ETHICS
Explanation: Ethics can be defined as the philosophical behavior of an individual governing his understanding towards moral and immoral activities.
In this case the american executive failed to understand and abide the behavior that is considered ethical in the Yemeni society. Shaking hands with left hand and not accepting dry fruits as gifts is not an illegal activity but it does resulted as an offensive action in the eyes of his host.
Answer: Its E im yemeni
Explanation:
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Janice is unsure about her future career path. She has grown up on her family farm, but she is also interested in medicine. Janice becomes a member of the FFA and SkillsUSA to try to learn more about the fields and decide between them. What would be more helpful to Janice?
A.not joining SkillsUSA and joining HOSA instead
B.not joining SkillsUSA and joining BPA instead
C.not joining FFA and joining BPA instead
D.not joining FFA and joining HOSA instead
Answer:
D.not joining FFA and joining HOSA instead
Answer:
D. not joining FFA and joining HOSA instead
Explanation:
Janice is unsure about her future career path. She has grown up on her family farm, but she is also interested in medicine. Janice becomes a member of the FFA and SkillsUSA to try to learn more about the fields and decide between them. Not joining FFA and joining HOSA instead would be more helpful to Janice.
Demand curves slope downward because, other things held equal, A. a decrease in a product's price lowers MU. B. a decrease in a product's price raises MU per dollar and makes consumers wish to purchase more units. C. an increase in a product's price raises MU per dollar and makes consumers wish to purchase more units. D. an increase in a product's price lowers MU.
Answer: Option (B) a decrease in a product's price raises MU per dollar and makes consumers wish to purchase more units is correct.
Explanation:
If the price of a commodity decreases, as a result purchasing power of a consumer increases as well as raises the MU per dollar. This is one of the reasons why the AD curve slopes downward.
Suppose there is a fall in the price of a commodity, this will increase the demand for that commodity as well as the purchasing power of the consumer.
Because with a lower price of the commodity, individuals can buy more quantity of goods with the same level of income as well as its marginal utility from an extra unit also increases.
The demand curve slopes downward because a decrease in a product's price raises the Marginal Utility per dollar, encouraging consumers to purchase more units. This can be attributed to the substitution and income effects.
Explanation:The subject of this question lies in the realm of Economics, specifically focusing on the behavior of the demand curve due to changes in price level. The correct option from the student's question would be B. a decrease in a product's price raises Marginal Utility per dollar and makes consumers wish to purchase more units.
In terms of economics, the demand curve typically slopes downward indicating that as the price of a good decreases, the quantity demanded by consumers will increase. This is due to two effects: substitution effect and the income effect. The substitution effect emphasizes that when the price of a product is lower relative to other goods, consumers tend to purchase more of it. The income effect suggests that if the price of a product declines, consumers could purchase the same amount as before and still have money left over to purchase additional units, thereby increasing the quantity demanded.
Learn more about Demand Curve here:https://brainly.com/question/13131242
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You are the Vice-President of Operations and Organizational Development. Your organization is undergoing various changes. Which approach would you use to minimize resistance to change? How could this approach increase and decrease resistance to change?
Answer: Communication approach
Explanation: Usually the employees resist change for various reasons like fear of loosing the job or superiority they enjoy in the job but most of the time it is found that the core problem is that they don't fully understand the change that is going to happen.
As the vice president, I will take full responsibility to make my employees understand what changes are coming in and how they are going to affect their jobs. I will also make provisions for their feedback, suggestions or complaints.
By communicating the aspects of changes and asking for their suggestions employees will feel participated in the change program and i might help them accepting the change.
In versioning, the firm makes a high-quality product, version A, and sets a high price for one market segment. The firm also degrades this product to produce version B. It offers version B for a lower price to a different segment of customers. Is there an ethical issue here
Answer:
Pricing products of different versions is not an ethical issue, but an economic one.
Explanation:
When a company decides to price a product, there are a number of factors that lead to the value that will be added to that product. In short, when pricing a product, the company will consider the costs of producing and transporting it, the quality of the product, the raw material used, the demand for that product, and the audience for which it is intended. Pricing is a strategic retail activity, especially for those dealing with a large number of products.
In the case of the company that degraded version A of a product, with the objective of launching a version B of the same product in lower quality and lower price, we can say that what happened there was a sales strategy that does not necessarily involve an ethical issue. .
The company has degraded version A of the product, to offer the same product to a less economical audience, as the version B of the product has a lower quality its price will also be lower and more accessible to the entire population, but this does not prohibit no one to buy version A, which is more expensive and with higher quality.