Answer:
b. has a demand curve that is perfectly elastic. c. sets the price it wishes
Explanation:
Elasticity of demand is a measure of the degree of change in quantity demanded to changes in price.
For a perfectly elastic demand it means that an infinite quantity of a product will be required by consumers at a particular price. The perfectly elastic demand curve is usually horizontal.
In perfectly competitive markets elasticity of demand is perfectly elastic because there are many buyers and sellers, production of a homogeneous product, and the possession of all relevant information by buyers and sellers.
So prices between products tend to be the same
.Universal Containers users a Hybrid Sharing model where Accounts and Contacts are Read Only and Opportunities and Cases are private. Account Executives own all the Accounts. Some Contacts are owned by AEs, and other Contacts are owned by support reps. How should a system admin ensure the AEs can edit all the Contacts associated with their accounts, no matter who owns the Contacts
Answer: Select the edit all associated contacts option for the AE Role in the Role Hierarchy.
Explanation:
The individual should select edit for all the associated contacts option for the AE role in the role hierarchy
Cooper Construction Company had a contract starting April 2015, to construct a $18,000,000 building that is expected to be completed in September 2017, at a total estimated cost of $16,500,000. At the end of 2015, the costs to date were $7,590,000 and the estimated total costs to complete had not changed. The progress billings during 2015 were $3,600,000 and the cash collected during 2015 was 2,400,000. For the year ended December 31, 2015, Cooper would recognize gross profit on the building of:_____________
Answer:
$690,000
Explanation:
Total gross profit on the contract = Total contract value - Total estimated cost = 18,000,000 -16,500,000 = $1,500,000
Total cost in 2015 = 7,590,000
Total % of completion in 2015 = Total cost in 2015 / Total cost of contract
Total % of completion in 2015 = 7,590,000/16,500,000
Total % of completion in 2015 = 0.46
Total % of completion in 2015 = 46%
Gross profit in 2015 = Total gross profit on contract * Total % of completion in 2015
Gross profit in 2015 = 1,500,000 * 46%
Gross profit in 2015 = $690,000
List at least Two functional digital wallet
stock a has an expected return of 20%; stock b has an expected return of 5%, what is the ecpected return on a portfolio is comprised of 67% of stock a and 33% of stock b
Answer: 15.05%
Explanation:
Expected return is a weighted average of the individual returns of the composite stocks;
= (weight of A * return on A) + (weight on B * return on B)
= (67% * 20%) + (33% * 5%)
= 15.05%
employs specialized computer systems to actually guide and control the transformation process of inputs into outputs Select one: a. A Just-in-time (JIT) process b. A transaction processing system c. An economic order quantity (EOQ) system d. Computer-assisted manufacturing (CAM) e. Computer-assisted design (CAD)
Answer:
d. Computer-assisted manufacturing (CAM).
Explanation:
Computer-assisted manufacturing (CAM) employs specialized computer systems to actually guide and control the transformation process of inputs into outputs.
Basically, computer-assisted manufacturing (CAM) avails manufacturers or business owners the ability to infuse process control into their production or assembly line and as such enhancing the level of production, performance and efficiency.
Generally, process control is mainly used in manufacturing industries such as food and beverages industries, oil and gas refinery industries, power (electricity) generation industries, chemical processing industries, and wastewater management industries where the production of materials from raw materials are continuously without any interruption.
Hence, the main purpose of computer-assisted manufacturing (CAM) is to ensure that the manufacturing process is done with better quality, consistency, safety standards and efficiency through the adoption (use) of specialized software applications for machine automation.
Blue Company acquired a manufacturing facility on four acres of land for a lump-sum price of $8,400,000. The building included used but functional equipment. Blue Company intended to use the manufacturing facility in its future operatioins. According to independent appraisals, the fair values were $3,480,000, $3,480,000, and $4,640,000 for the building, land, and equipment, respectively. The initial values of the building, land, and equipment would be: Building Land Equipment a.$3,480,000 $3,480,000 $4,640,000 b.$3,480,000 $3,480,000 $580,000 c.$2,520,000 $2,520,000 $3,360,000 d.None of these answer choices are correct. Multiple Choice Option C Option B Option A Option D
Answer: c.$2,520,000 $2,520,000 $3,360,000
Explanation:
Sum the fair values from the independent appraisals up;
= 3,480,000 + 3,480,000 + 4,640,000
= $11,600,000
The proportion of the individual fair value to the total fair value can then be used to calculate the originals from the lump sum;
Building
= 3,480,000/11,600,000 * 8,400,000
= $2,520,000
Land
= 3,480,000/11,600,000 * 8,400,000
= $2,520,000
Equipment
= 4,640,000/11,600,000 * 8,400,000
= $3,360,000
Grout Company reports assets with a carrying value of $420,000 (including goodwill with a carrying value of $35,000) assigned to an identifiable reporting unit purchased at the end of the prior year. The fair value of the net assets held by the reporting unit is currently $350,000, and the fair value of the reporting unit is $395,000. At the end of the current period, Grout should report goodwill of $25,000. $10,000. $35,000. $45,000.
Answer:
$35,000
Explanation:
The fair value of the net assets that is held by reporting units = $350000
The fair value of the reporting unit is $ 395000
At the end of the current period, Grouts goodwill should be $35,000 dollars since he has a carrying value of $35000 according to the question. Goodwill is going to be the same as the carrying amount.
So option c is the answer
Northern Wood Products is an all-equity firm with 16,300 shares of stock outstanding and a total market value of $354,000. Based on its current capital structure, the firm is expected to have earnings before interest and taxes of $27,000 if the economy is normal, $14,800 if the economy is in a recession, and $39,200 if the economy booms. Ignore taxes. Management is considering issuing $88,600 of debt with an interest rate of 8 percent. If the firm issues the debt, the proceeds will be used to repurchase stock. What will the earnings per share be if the debt is issued and the economy is in a recession
Answer:
$0.63
Explanation:
Calculation for What will the earnings per share be if the debt is issued and the economy is in a recession
First step is to calculate the Shares repurchased
Shares repurchased=$88,600/($354,000/16,300)
Shares repurchased=$88,600/21.7
Shares repurchased = 4,083 shares
Second step is to calculate the Shares outstanding
Shares outstanding = 16,300 - 4,083
Shares outstanding= 12,217shares
Last step is to calculate earnings per share recession
Earnings per share Recession= [$14,800 - ($88,600 × 0.08)]/12,217
Earnings per share Recession= ($14,800 - $7,088)/12,217
Earnings per share Recession=$7,712/12,217
Earnings per share Recession=0.63
Therefore what the earnings per share will be if the debt is issued and the economy is in a recession is 0.63
Jose is offered a job in Riverside where the CPI is 80, and a job in Los Angeles, where things are a little more expensive and so the CPI is 200. Jose's job offer in Los Angeles is for $100,000. How much does the Riverside job have to pay in order for the two salaries to represent about the same purchasing power (Hint: use the CPIs given to convert Los Angeles dollars to Riverside dollars)
Answer:
$40,000
Explanation:
in real dollars, the job in Los Angeles pays $100,000 / 2.00 = $50,000
Since the CPI at Riverside is 80 (or 0.8), we need to solve the following equation:
$50,000 = X / 0.8 where X is the equivalent salary in Riverside
X = $50,000 x 0.8 = $40,000
this means that a $40,000 salary in Riverside is equivalent to a $100,000 salary in Los Angeles
Williams Company computed its cost per equivalent unit for direct materials to be $2.70 and its cost per equivalent unit for conversion to be $3.42. A total of 212,000 units of product were completed and transferred out as finished goods during the month, and 30,000 of equivalent units remained unfinished at the end of the month. The amount that should be reported in Finished Goods Inventory is:
Answer:
$1,297,440
Explanation:
The first step is to calculate the cost of direct materials
= 212,000 × 2.70
= $572,400
The next step is to calculate the conversion
= 212,000 × 3.42
= $725,040
Therefore the amount that should be reported in the finished goods inventory can be calculated as follows
= $725,040 + $572,400
= $1,297,440
Equity capital is....
a. paid back within one year.
b. not a loan but a form of stock.
c. a loan from family.
d. paid back after five years.
Answer:
b. not a loan but a form of stock.
Explanation:
Capital can either be equity or debt capital. Debt capital refers to borrowed funds either from the banks or other lenders.
Equity capital is the owner's contribution to the business. It is what the shareholders of the business have given to the business as capital. Equity is not a loan, nor is it meant to be refunded. It represents the owner's investment in the business.
Balanced Scorecard for a service companyAmerican Express Company is a major financial services company, noted for its American Express® card. Below are some of the performance measures used by the company in its balanced scorecard follow:Average card member spendingCards in forceEarnings growthHours of credit consultant trainingInvestment in information technologyNumber of card choicesNumber of Internet featuresNumber of merchant signingsNumber of new card launchesReturn on equityRevenue growthFor each measure, identify whether the measure best fits the innovation, customer, internal process, or financial dimension of the balanced scorecard.Performance Measure AreaAverage card member spending Cards in force Earnings growth FinancialHours of credit consultant training Investment in information technology Number of card choices Number of Internet features Number of merchant signings Number of new card launches Return on equity Revenue growth
Answer:
Balanced Scorecard is a good measure for company's performance.
A list of measures is given against which American Express Company's performance can be measured which will benefit the company in improving their services and discarding if any service is not being benefited by their customers.
Each Key performance indicator needs to have a good measure of performance, so that the performance can be calculated easily.
Explanation:
Balanced Scorecard is a good measure for company's performance.
A list of measures is given against which American Express Company's performance can be measured which will benefit the company in improving their services and discarding if any service is not being benefited by their customers.
Each Key performance indicator needs to have a good measure of performance, so that the performance can be calculated easily.
Careless mining and timber harvesting in tropical forests can destroy entire species of flora and fauna, create soil problems, and even threaten the existence of primitive people who rely on what the forests provide. Yet in a number of countries, business entrepreneurs are exploiting the rain forests for profit. Under what conditions, if any, is it ethical for a mining or lumber company to harvest the resources of a rainforest
Answer:
if there are a significant amount of resources in the rainforest for it to be taken because if there isnt a plentiful amount for the animals, the animals wont get what they need which would hurt their population.
At the beginning of the year 2019, a town recorded General Fund property tax receivables of $600,000. By year-end (December 31), taxpayers had paid a total $575,000. Based on previous experience, the town expected to collect the $25,000 of delinquent taxes as follows: $15,000 in January and February of 2020 and $10,000 between March and August of 2020. How much should the town report as property tax revenue in its General Fund statements for the year 2019?
Answer:
omg
Explanation:
Compare and contrast the protection to intellectual property provided by trade secrets relative to that provided by patents. What important defense is available to defendants in trade secret cases that is not available to patent infringement defendants?
Answer:
1. Protection to trade secrets and patents:
a. Trade secrets are protected indefinitely. Generally, patents are granted for a maximum of 20 years.
b. The owner of a trade secret does not need to pay annual fee to defend the secret. A patent holder is required to pay an annual fee, in order to make the patent enforceable.
2. Important defense for defendants in trade secret cases that is not available to patent infringement defendants:
The defendant in a trade secret case will cite that the secret is still commercially valuable. But a patent holder cannot cite this because the patent is granted for a maximum of 20 years to stop stifling innovation.
Explanation:
Both trade secrets and patents are intellectual property rights which confer on their owners the exclusive use of their intellectual property. The major differences are in the duration and the defense of the rights. Patents, unlike trade secrets, do not last forever. Patents, again unlike trade secrets, must be defended periodically through the payment of fees.
Wininger Corporation has 1000 shares of 6%, $50 par value, cumulative preferred stock and 25,000 shares of $1 par value common stock outstanding on December 31, 2019 and December 31, 2020. The board of directors declared and paid a $2,000 dividend in 2019. In 2020, $15,000 of dividends are declared and paid. What are the dividends received by the common stockholders in 2020 (there were no dividends in arrears prior to 2019)
Answer:
Dividends received by the common stockholders in 2020 = $12,000
Explanation:
Cumulative preferred stock can be described as a type of preferred stock whose dividends accumulate when they are not paid in any year and their accumulated dividends has to be paid in future before common stockholders receive any dividend.
The dividends received by the common stockholders of Wininger Corporation in 2020 can therefore be calculated as follows:
Annual dividend payable to cumulative preferred stock = 1000 * 5% * $50 = $2,500
Dividend declared paid in 2019 = $2,000
Dividend declared and paid in 2020 = $15,000
Outstanding dividend payable to cumulative preferred stock in 2019 = Annual dividend payable to cumulative preferred stock - Dividend declared in 2019 = $2,500 - 2,000 = $500
Dividend paid to cumulative preferred stock in 2020 = Outstanding dividend payable to cumulative preferred stock in 2019 + Annual dividend payable to cumulative preferred stock = $500 + $2,500 = $3,000
Dividends received by the common stockholders in 2020 = Dividend declared and paid in 2020 - Dividend paid to cumulative preferred stock in 2020 = $15,000 - $3,000 = $12,000
Fairview Hospitals has three divisions (service lines). They are General Clinics, Specialty Clinics and Pharmacy Services. The sales for each service line were $1,400,000 General Data, $600,000 Specialty Clinics, and $420,000 Pharmacy Services while the variable expenses for each service line (division) were $520,000, $360,000 and $280,000 respectively. The related service line (division) discretionary and committed fixed expenses are presented below: Fixed expense General Clinics Specialty Clinics Pharmacy Services Discretionary $320,000 $140,000 $160,000 Committed $190,000 $280,000 $130,000 Calculate the net income of each division and the business in total
Answer:
General Specialty Pharmacy
Sales $1,400,000 $600,000 $420,000
Variable cost $520,000 $360,000 $280,000
Contribution margin A $880,000 $240,000 $140,000
Fixed Expenses B $510,000 $420,000 $290,000
Net income/(Loss) (A-B) $370,000 ($180,000) ($150,000)
Tami contracts with Construction Inc. to build a valuable structure on her yard. Tami's neighbor, Frank, is pleased about this construction project as this improvement will increase the value to his property. Neither Tami nor Construction, Inc. made the contract with the intent to benefit Frank. Can Frank sue Tami or Construction, Inc. and recover damages if either party breaches the contract? Group of answer choices Yes, Frank can sue either party since he is an intended beneficiary. Yes, Frank can only sue Tami since she is his next door neighbor. Frank can only sue if he requests the court for damages within 6 months of the breach. Frank will not be successful if he sues either party because he is an incidental beneficiary.
Answer:
Tami and Construction Inc. Vs. Frank
Can Frank sue Tami or Construction, Inc. and recover damages if either party breaches the contract?
Frank will not be successful if he sues either party because he is an incidental beneficiary.
Explanation:
Frank is just an incidental beneficiary and a third party who benefits from the contract between Tami and Construction, Inc. The contract is not intended to benefit Frank. Therefore, Frank does not have any legal rights under the contract. He cannot successfully sue Tami or Construction, Inc. if either party breaches the contract. He lacks the contractual rights to sue either party.
What is the primary purpose of insurance
A)
To pay for your mistakes
To take money sway from you
To protect you agains a financial los
To allow you to do things you couldntoo
Answer:
the third one I think
Explanation:
Sorry If its wrong!
The management of London Corporation is considering the purchase of a new machine costing $750,000. The company's desired rate of return is 6%. The present value factors for $1 at compound interest of 6% for 1 through 5 years are 0.943, 0.890, 0.840, 0.792, and 0.747, respectively. In addition to this information, use the following data in determining the acceptability in this situation:Year Income fromOperations Net Cash Flow1 $37,500 $187,500 2 37,500 187,500 3 37,500 187,500 4 37,500 187,500 5 37,500 187,500 The average rate of return for this investment is:____________a.10%.b. 25%.c.15%.d. 5%.
Answer:
London Corporation
The average rate of return for this investment is:____________
b. 25%.
Explanation:
a) Data and Calculations:
Cost of new machine = $750,000
Desired rate of return = 6%
Present value factors:
1 0.943,
2 0.890,
3 0.840,
4 0.792,
5 0.747
Year Income from Operations Net Cash Flow
1 $37,500 $187,500
2 37,500 187,500
3 37,500 187,500
4 37,500 187,500
5 37,500 187,500
Total $187,500 $937,500
The average rate of return for this investment is the total profit divided by total investment, multiplied by 100.
= $187,500/$750,000 * 100
= 25%
Short notes on foods for bee
Answer:
The answer to this question varies depending on what their role is in the hive. For example, many worker bees eat the same exact foods such as honey, pollen, and nectar. However, the elusive queen bees (less common in a hive) are typically fed a different diet while growing up to change their overall larval development.
Answer:
This is about honey bees
Nectar is the main source of carbohydrates for honey bees. Therefore we have to plant flowers to ensure a well rounded diet all times of the year.
NOTE that: Honey is still the best thing to feed your bees however you can also give them
Sugar Syrup
Merchant Company purchased property for a building site. The costs associated with the property were: Purchase price $ 178,000 Real estate commissions 15,300 Legal fees 1,100 Expenses of clearing the land 2,300 Expenses to remove old building 1,300 What portion of these costs should be allocated to the cost of the land and what portion should be allocated to the cost of the new building
Answer:
$198,000 and $0
Explanation:
The calculation is shown below:
The Cost of the land is
= Purchase price + Real estate commissions + Legal fees + Expenses of clearing the land + Expenses to remove old building
= $178,000 + $15,300 + $1,100 + $2,300 + $1,300
= $198,000
As the property is buy for the building site so here no cost will be recognized and allocated to the new building cost
hence, it would be zero
An example of the multiplier effect is when: Group of answer choices an increase in government spending leads to a decrease in private investment. the government increases government spending initially by $100 billion, and total income in the economy increases by more than $100 billion. short-run aggregate supply shifts in a response to fiscal policy. an increase in the price level leads to a shift in the aggregate demand curve. the government increases government spending initially by $100 billion, and total income in the economy increases by less than $100 billion.
Answer:
the government increases government spending initially by $100 billion, and total income in the economy increases by more than $100 billion.
Explanation:
When there is a rise in the government spending so it would rise the income i.e. higher that this represents the multiplier effect
If there is a rise in government spending so the Aggregate demand curve should be right due to which the income and level of the price would rise
Also if there is any change in the price level that moves along with the similar curve so this we cant called as the multiplier effect
hence, the above represent the answer
Roy agrees to work as a financial advisor on a commission basis for Secure Investments, Inc., and signs an employment contract that includes an arbitration clause. A dispute arises over the amount of Roy's commission. Roy files a suit against Secure Investments, seeking $25,000 in unpaid commissions and $50,000 in other damages. Secure Investments insists that the parties submit the dispute to arbitration. On what Roy believes is insufficient evidence, the arbitrator awards Roy only $500 and issues a written opinion that includes an erroneous finding of fact and a mistaken conclusion of law. Can Roy successfully challenge this award in court
Answer:
Yes. Roy can successfully challenge this arbitration award in court.
Explanation:
According to the law, an arbitration clause is a part of the contract between Roy and Secure Investments, Inc. that deals with these parties' rights and options in the event of a legal dispute over their contract. Like in most arbitration clauses, Roy and Secure Investments, Inc. must have agreed not to sue each other but instead, to resolve their disputes through the arbitration process. But the res judicata effect produced through an arbitration can either be challenged and appealed against or enforced. Roy, depending on the merits of his case, can make a successful appeal against the arbitration award and not against the arbitration itself.
Larry is a minor, age 16 years old.
Larry decides to purchase a cell phone from Sprint.
Larry signs a written contract with Sprint to buy the cell phone and pay $75.00 per month for the cell phone plan for a time period of 2 years.
Sprint agrees that Larry will pay $75.00 per month for 2 years for the cell phone plan.
Larry and Sprint sign a written contract on April 1, 2021. Larry makes his first payment of $75.00 on April 15, 2021.
The written contract states that Larry will pay $75.00 per month for the cell phone plan on the 15th day of each month for 2 years.
WHAT IS ENTIRELY TRUE:
The contract is considered a VOID contract when it was signed by Larry and Sprint because Larry is a minor and Sprint cannot enforce the contract against Larry because Larry entered into the contract when he was a minor.
The contract is a VALID contract but is also a VOIDABLE contract on the part of Larry AND on the part of Sprint.
The contract is NOT voidable because the contract was signed in writing by both Larry and Sprint, pursuant to the Statute of Frauds.
The contract is a VALID contract but is also a VOIDABLE contract on the part of Larry but NOT on the part of Sprint.
Answer:
What is entirely true about this contract is:
The contract is a VALID contract but is also a VOIDABLE contract on the part of Larry but NOT on the part of Sprint.
Explanation:
As a minor, Larry (he was under the age of 18 when he signed the contract with Sprint) lacks the contractual capacity to enter into the contractual relationship with Sprint. But since he has signed the contract in exchange for the purchase of the cell phone, Larry can either honor the deal or void the contract. This is why the contract is said to be valid but voidable at Larry's behest. However, after Larry has turned 18, if he has not done anything to void the contract, then the contract with Sprint can no longer be voided.
If total liabilities increased by $77000 during a period of time and stockholders’ equity decreased by $43500 during the same period, then the amount and direction (increase or decrease) of the period’s change in total assets is a(n)
Answer: Assets increased by $33,500
Explanation:
Assets = Liabilities + Equity
Liabilities increased by $77,000
Equity decreased by $43,500
Difference = 77,000 - 43,500
= $33,500
Assets increased by $33,500
Piedmont Company's gross salaries and wages are $32,000, and it withholds $4,800 for income taxes and $2,448 for FICA taxes, the journal entry to record the employees' pay should include a:
Answer: d. credit to Salaries and Wages Payable for $24,752.
Explanation:
Salaries and Wages payable are calculated by deducting taxes from the gross salaries and wages.
= 32,000 - 4,800 - 2,448
= $24,752
Salaries and Wages Payable will be credited $24,752 to reflect that this amount is owed to employees.
The following accounts were abstracted from Oriole Company's unadjusted trial balance at December 31, 2020: Debit Credit Accounts receivable $753000 Allowance for uncollectible accounts 7800 Net credit sales $2810000 Oriole estimates that 7% of the gross accounts receivable will become uncollectible. After adjustment at December 31, 2020, the allowance for uncollectible accounts should have a credit balance of
Answer:
$52,710
Explanation:
Calculation for allowance for uncollectible accounts credit balance
Using this formula
Allowance for uncollectible accounts credit balance=Estimated gross uncollectible accounts receivable *Accounts receivable
Let plug in the formula
Allowance for uncollectible accounts credit balance=7%* $753,000
Allowance for uncollectible accounts credit balance=$52,710
Therefore After adjustment at December 31, 2020, the allowance for uncollectible accounts should have a credit balance of $52,710
One of the consequences of the U.S. trade deficit is that Multiple Choice domestic inflation has resulted. the accumulation of American dollars in foreign hands has enabled foreign firms to build factories in America. the distribution of income in the United States has become less unequal. the system of flexible exchange rates has been abandoned in favor of a new gold standard
Answer: the accumulation of American dollars in foreign hands has enabled foreign firms to build factories in America.
Explanation:
Trade deficit is a situation whereby the expenses incurred is more than the revenue gotten.
One of the consequences of the U.S. trade deficit is that the accumulation of American dollars in foreign hands has enabled foreign firms to build factories in America.
Plz helpppp
Jenny expects to produce and sell 7,000 units at $15 each. Each unit will cost her $9 to produce and fixed costs will be \$60 per annum. What is the break-even point in units? Box
Answer:
10 units
Explanation:
Break even point = Fixed cost/ contribution margin per unit
For Jenny,
Fixed costs = $60
contribution margin per unit= selling price - variable cost
Selling price =$15
Variable cost =$9
Contribution margin per unit
= $15 - $9
=$6
Breakeven points = $60/$6
=10 units