In the short run, when the price of oil from which gasoline is made increases due to a war in the Middle East, the total revenue from gasoline production will rise. This is because the price elasticity of demand for gasoline is inelastic in the short run.
What is law of demand?According to the law of demand, as the price of a product increases, the quantity demanded decreases; however, the percentage decrease in quantity demanded is lesser than the percentage increase in price. It is due to the fact that there are few substitutes for gasoline in the short run.
The price of gasoline rises in the short run as a result of the increase in the price of oil, and gasoline consumption falls. However, the decrease in gasoline demand is not significant in the short run, and so the increase in gasoline price compensates for the reduction in the quantity demanded of gasoline.
As a result, the total revenue of oil-producing countries from gasoline production increases in the short run.
Note: Total revenue can be calculated by multiplying price and quantity. If the price of gasoline increases, the revenue from selling the same quantity of gasoline would also increase.
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Nike, Inc. is a sportswear and equipment manufacturer that serves a multitude of sports disciplines. Which one of the following statements from Nike would be the best example of a strategic goal? Select one: a. achieving a return on investment of 17 percent b. a ten percent increase in average annual sales c. a seven percent increase in average annual income d. accelerating growth through focused execution
Nike, Inc. is a sportswear and equipment manufacturer that serves a multitude of sports disciplines. The best example of a strategic goal from Nike is accelerating growth through focused execution.
What is a strategic goal?A strategic goal is a concept used in strategic planning that describes what an organization intends to achieve over a specified period. The strategic goals are created to achieve the company's strategic objectives.
Strategic goals are frequently multi-year and include long-term milestones to be accomplished to realize the company's strategic objectives. In this context, the best example of a strategic goal from Nike is accelerating growth through focused execution.
Nike has a goal to increase its revenue by boosting growth through its focused execution on new products, international development, and market diversification.
It implies that Nike intends to produce new products, diversify its products and markets, and expand globally to increase its revenue, which aligns with the company's long-term strategic objectives.
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the price elasticity of demand for dvd players manufactured by sony of japan is greater than one. if the japanese yen appreciates against the u.s. dollar by 10% and the price of the sony dvd players in the u.s also rises by 10%, then other things equal, the total dollar sales revenues of sony dvds would:
The total dollar sales revenues of Sony DVDs would this is because the demand for DVDs is elastic, and the increase in price will lead to a decrease in the quantity demanded, which in turn will lead to a decrease in total dollar sales revenues.
The adaptability of the quantity of a product demanded to shifts in the cost of the same product is measured by the price elasticity of demand. If the price elasticity of demand is greater than one, it means that the demand is elastic, that is, the quantity demanded is more sensitive to changes in the price of the good.
If the Japanese yen appreciates against the US dollar by 10 percent, the price of Sony DVD players in the US also rises by 10 percent, and other things equal, the total dollar sales revenues of Sony DVDs would fall.
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Consider an oligopolistic market with 3 identical firms, all three making a homogeneous product. The inverse demand for this product is P(Q) = 3, 000 − 6Q where Q is the market quantity. The marginal cost of production is equal to the average cost and is identical for all firms and given by c = 2, 000.
(a) Solve for the best response function for each of the three firms.
(b) Calculate the Nash equilibrium output, price and profits of each firm using quantity as the strategic variable (i.e. assuming firms choose quantities).
(c) Compute the Lerner index for each firm.
(d) Assume two of the firms merge. Assume that the merged firm has marginal cost 1,600. What is the profit of the merged firm? (e) Given your answer to pard (d), would the firms want to merge? Explain. (f) Would the firm that was not part of the merger benefit from the merger? Explain.
The profits of the companies combined are 1000. The firms would want to merge because the profit of the merged firm is higher than the profit of each of the firms in the Nash equilibrium.
The best response function for each firm in this oligopolistic market is given by the following equation:
BR(Q) = MC + ((P(Q) - MC) / n),
where
The Nash equilibrium output, price and profits of each firm are given by the following equations:
Q* = 1000, P* = 1000, Profits* = 500
The Lerner index for each firm is given by the following equation:
Lerner Index = (P* - MC) / P* = (1000 - 2000) / 1000 = -1.
The profit of the merged firm is given by the following equation:
Profits* = (3000 - 6Q*) - 1,600Q* = 1000 - 2,400Q*.
Therefore, the profit of the merged firm is 1000.
The firms would want to merge because the profit of the merged firm is higher than the profit of each of the firms in the Nash equilibrium. The firm that was not part of the merger would not benefit from the merger because its profit would remain the same in the Nash equilibrium.
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lease corp leases equipment to samuel company in a sales-type lease. the present value of the lease payments is $250,000. the lease includes an unguaranteed residual value with a present value of $50,000. the rate implicit in the contract is 6% and the lease term is five years. which of the following are included in the journal entry for lease corp to record this lease?
The lease corp leases equipment to Samuel company in a sales-type lease. The present value of the lease payments is $250,000. The lease includes an unguaranteed residual value with a present value of $50,000.
The rate implicit in the contract is 6%, and the lease term is five years. Following are included in the journal entry for lease corp to record this lease:
1. Leased equipment (Present value of lease payments = $250,000)
Lease receivable (Present value of lease payments = $250,000)
2. Lease receivable (Present value of lease payments = $250,000)
Unearned interest income (6% × 250,000 = $15,000)Credit: Sales revenue (total value of the leased equipment including unguaranteed residual value)
3. Cash (present value of the lease payments = $250,000)
Lease receivable (present value of the lease payments = $250,000)
In this lease type, the lessee pays a higher amount than the current market price of the leased equipment over the lease term. The present value of the lease payments ($250,000) and the present value of the unguaranteed residual value ($50,000) is the total amount of cash the lessor will receive from the lease. The lease receivable account represents the present value of the lease payments that will be paid by the lessee to the lessor.
The sale revenue will be recognized based on the fair value of the leased equipment ($250,000 + $50,000 = $300,000).Therefore, the journal entry to record the lease in Lease Corp.’s books would be:
1. Debit Leased Equipment $250,000Credit Lease Receivable $250,000
2. Debit Lease Receivable $250,000Credit Unearned Interest Income $15,000Credit Sales Revenue $285,000
3. Debit Cash $250,000Credit Lease Receivable $250,000
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Which of the following statements is CORRECT? a. Since the ROA measures the firm's effective utilization of assets without considering how these assets are financed, two firms with the same EBIT must have the same ROA
b. Suppose a firm wants to maintain a specific TIE ratio. It knows the amount of its debt, the interest rate on that debt, the applicable tax rate, and its operating costs. With this information, the firm can calculate the amount of sales required to achieve its target Tie ratio, c. Suppose ali firms follow similar financing policies, face similar risks, have equal access to capital, and operate in competitive product and capital markets. However, firms face different operating conditions because, for example, the grocery store industry is different from the airtime industry. Under these conditions, firms with high profit margins will tend to have high asset turnover ratios, and firms with low profit margins will tend to have low turnover ratios. d. Klein Cosmetics has a profit margin of 5.0, a total assets turnover ratio of 15 times, no debt and therefore an equity multiplier of 1.0, and an ROE of 75%. The CFO recommends that the firm borrow funds using long-term debt, use the funds to buy back stock and raise the equity multiplier to 20. The size of the firm cassets) would not change. She thinks that operations would not be affected, but interest on the new debt would lower the profit margin to 4,5%. This would probably not be a good move, as it would decrease the ROE from 7.5% to 6.5% e. Even though Firm A's current ratio exceeds that of Firm B, Firm O's quick ratio might exceed that of A. However, if A's quick ratio exceeds B's, then we can be certain that A's current ratio is also larger than B's
The correct statement is: c. Suppose all firms follow similar financing policies, face similar risks, have equal access to capital, and operate in competitive product and capital markets.
However, firms face different operating conditions because, for example, the grocery store industry is different from the airtime industry. Under these conditions, firms with high-profit margins will tend to have high asset turnover ratios, and firms with low-profit margins will tend to have low turnover ratios.
Explanation:
a. This statement is incorrect because ROA does not solely depend on EBIT, but also on the amount of assets employed by the firm, which may differ between two firms with the same EBIT.
b. This statement is incorrect because the TIE ratio is calculated as EBIT/Interest Expense, and the firm cannot determine the required sales to maintain a specific TIE ratio without knowing its expected EBIT.
d. This statement is incorrect because the CFO's recommendation to increase the equity multiplier by using debt to buy back stock would increase the financial risk of the firm and decrease its ROE, contrary to what is stated.
e. This statement is partially correct. The quick ratio considers only the most liquid current assets, whereas the current ratio considers all current assets.
Therefore, it is possible for Firm A to have a higher current ratio than Firm B but a lower quick ratio. However, if Firm A's quick ratio is higher than Firm B's, then it is certain that Firm A's current ratio is also higher than Firm B's, as the quick ratio is a subset of the current ratio.
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which of the following best defines confidentiality in context with information and data? group of answer choices the certainty that information is accurate the confirmation that a company will not sell your information to others the ability to limit access to information to a certain set of users the reliability of access to information
Confidentiality refers to the ability to limit access to information to a certain set of users. It ensures that only those with proper authorization can view the data.
This is done to protect the integrity and security of the information and data, as well as ensure that the information is not misused or stolen. Confidentiality is often used in a legal context, such as to protect trade secrets or to ensure the privacy of individuals and businesses.
Confidentiality is key when it comes to sensitive information and data, such as financial records or health records. It is also used in other areas, such as when dealing with private documents or confidential agreements.
Confidentiality is also important when it comes to communication.There are various ways to protect confidential information, such as through the use of secure servers and encryption.
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which was the greatest job generator of the 20th century? (1 of 7 jobs were related to this industry
The industry that was the greatest job generator of the 20th century and had around 1 in 7 jobs related to it was the manufacturing industry.
What is the manufacturing industry?
The manufacturing industry is the production of goods from raw materials or semi-finished products. This industry covers a wide range of businesses, from food and textiles to computers and chemicals.
This industry is the backbone of most economies, providing jobs for millions of people worldwide. Early industries relied on simple hand tools to manufacture products, but as technology advanced, so did the manufacturing process.
Factories that used complex machinery replaced small, local workshops.
Mass production techniques were developed in the 20th century to meet the demand for consumer goods. This led to the expansion of manufacturing industries, which became major employers.
The manufacturing industry has undergone many changes over time, with many businesses closing and new ones emerging.
A job generator is any activity that creates jobs for people. Job generators can include businesses, industries, or government initiatives. They are essential for the growth of economies and the well-being of societies.
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in a perfectly competitive market, price is determined by in a perfectly competitive market, price is determined by neither consumers nor producers. the market. consumers. the government. producers.
In a perfectly competitive market, price is determined by the market. Producers create homogeneous goods. Perfect information is available to both buyers and sellers in the market.
What is a perfectly competitive market?
A market is said to be perfectly competitive if the following characteristics are met: There are numerous purchasers and sellers in the market. There are no artificial barriers to entry or exit from the market.
In a perfectly competitive market, the price is determined by the market itself because of the large number of buyers and sellers, which leads to a price equilibrium being established based on the supply and demand of the goods or services.
No single buyer or seller can influence the market's price because they are too small to affect the market's supply or demand curve.
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the free-rider problem is most likely to exist in a market in which goods are multiple choice excludable and rival. excludable and nonrival. nonexcludable and rival. nonexcludable and nonrival.
The free-rider problem is most likely to exist in a market in which goods are nonexcludable and rival. Correct answer is option D.
The free-rider problem refers to the situation where individuals or organizations can benefit from a public good without contributing to its cost. A public good is a type of good that is both non-excludable, meaning that individuals cannot be excluded from using it, and non-rivalrous, meaning that one person's consumption of the good does not diminish the amount available for others.
As a result, individuals have little incentive to pay for the good, as they can simply enjoy the benefits without contributing to the cost. This creates a problem of underproduction, as the market fails to supply the optimal level of the public good. The free-rider problem can be mitigated through mechanisms such as government provision, taxation, and social norms.
Therefore, the correct answer is option D.
"
Complete question
The free-rider problem is most likely to exist in a market in which goods are
multiple choice
A: excludable and rival.
B: excludable and nonrival.
C: nonexcludable and rival.
D: nonexcludable and nonrival.
"
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Flynn Company's monthly bank statement showed the ending balance of cash of $18,500. The bank reconciliation for the period showed an adjustment for a deposit in transit of $1,500, outstanding checks of $2,000, a NSF check of $700, bank service charges of $30 and the EFT from a customer in payment of the customer's account of $1,500. 9.value: 2.00 pointsRequired information Use the information above to answer the following question. What is the up-to-date ending Cash balance? $18,000 $17,230 $19,000 $19,270 10.value: 2.00 pointsRequired information Use the information above to answer the following question. What journal entry should be recorded by Flynn Company for the NSF check returned? Debit Accounts Receivable and credit Cash for $700 Debit Cash and credit Accounts Receivable for $700 Debit Cash and credit Accounts Payable for $700 No journal entry is necessary for this item.
The up-to-date ending Cash balance is $17,230. The journal entry to be recorded by Flynn Company for the NSF check returned should be Debit Cash and credit Accounts Payable for $700. The correct option is C.
Flynn Company's monthly bank statement showed the ending balance of cash of $18,500. The bank reconciliation for the period showed an adjustment for a deposit in transit of $1,500, outstanding checks of $2,000, an NSF check of $700, bank service charges of $30, and the EFT from a customer in payment of the customer's account of $1,500.
Balance per bank statement = $18,500
Deposit in transit = $1,500
Adjusted balance per bank statement = $20,000
Outstanding checks = $2,000
Adjusted balance per company records = $18,000NSF check = $700
Bank service charges = $30
EFT from a customer = $1,500
Adjusted balance per company records = $19,770
Up-to-date ending Cash balance = $19,770.
Therefore, option C is correct. The journal entry that should be recorded by Flynn Company for the NSF check returned is to debit Accounts Receivable and credit Cash for $700.
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which of the nonrational models of decision making did managers at telecompros follow? explain. g
The non-rational models of decision-making that managers at TelecomPros follow are the intuitive model of decision-making.
Intuitive decision-making is the process of reaching a decision without using a set or defined process. Intuition is the sense that you are following your instincts or your hunches to arrive at a decision.
There are several types of intuitive decision-making models that can be used to help people make decisions. These models are recognition-primed decision-making, expertise-based decision-making, holistic decision-making, affective decision-making, and political decision-making. Each of these models can be used to help people make decisions in different situations, and they can be used to help people make better decisions. Intuitive decision-making is often used in situations where the decision-maker has limited time to make a decision or when the decision-maker is not able to use a defined process to make a decision.
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A company reported that its bonds with a par value of $50000 and a carrying value of $66.500 are retired for $71,400 cash, resulting In a loss of $4,900. The amount to be reported under cash flows from financing activities is: a. $(71,400). b. $(16,500). c. $(66,500). d. $16,500. e. $(4,900).
The difference between the carrying value and the par value of the bonds is $66,500 - $50,000 = $16,500. This is the amount of the loss that is reported on the income statement.
Therefore, the amount to be reported under cash flows from financing activities is $(71,400). The amount of the loss that is reported on the income statement is [tex]$16,500.[/tex]
The amount to be reported under cash flows from financing activities is[tex]$(71,400).[/tex]This is because a company retiring bonds with a par value of $50,000 and carrying value of $66,500 for $71,400 cash results in a loss of $4,900.
To calculate the amount to be reported under cash flows from financing activities, we need to look at the par value of the bonds, the carrying value of the bonds, and the cash paid to retire them.
The par value is the face value of the bonds, and in this case it is $50,000. The carrying value of the bonds is the amount the bonds are worth on the balance sheet, and in this case it is $66,500. The cash paid to retire them is [tex]$(71,400).[/tex]
The difference between the cash paid and the par value of the bonds is $(71,400) - $50,000 = $(21,400). This is the amount to be reported under cash flows from financing activities.
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_____ is the process of adjusting a job or work environment to fit the needs of disabled employees. A. Reasonable accommodation. B. Quid pro quo. C. Redlining. D. Qualified accommodation. E. Mandatory extradition
The process of adjusting a job or work environment to fit the needs of disabled employees is called reasonable accommodation. So, the correct option is A.
What is reasonable accommodation?Reasonable accommodation refers to the procedure of adapting job conditions or the office to meet the needs of employees who have disabilities. The aim of reasonable accommodation is to offer disabled employees with equal opportunities at work.
To help disabled employees, there are many forms of reasonable accommodations. Some instances include providing appropriate computer equipment or devices, modifying the workspace, and modifying the work schedule or work environment to meet their needs.
A qualified worker with a disability is entitled to fair accommodation. The federal government requires employers to provide reasonable accommodations to staff with disabilities under the Americans with Disabilities Act (ADA).It is important to note that reasonable accommodation does not necessitate lowering efficiency or work requirements for individuals with disabilities.
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Pt 1. Read carefully through the paragraph below, and decide which of the options A-D is correct. The organizational structure at Road House, a recreational vehicle manufacturer, is segmented into operations, sales, and production. Road House managers have limited decision-making control and each oversees many workers. As always in manufacturing, efficiency is a primary goal, so Road House managers must perfect their work, even on routine tasks, and must closely track how they utilize resources. Multiple Choice
Road House managers struggle with delegation which can hurt productivity.
The RV industry is competitive and best served by a matrix structure.
Road House employees cannot be trusted to work hard, so managers must watch their every move.
Road House does not have a clear division of labor.
Pt 2. A couple from out-of-town stopped Keenan on the street and asked him for directions. Which of the following reactions could indicate a feedback barrier?
Multiple Choice
The couple asked additional questions about Keenan’s favorite local restaurants.
The couple asked Keenan to speak into their translation app to understand his directions in their native language.
The couple smiled and thanked Keenan, but did not repeat the directions back to him.
The couple paraphrased the directions that Keenan had shared and then walked away.
Pt 3. An advertising firm wants to begin using AI to sort through lists of customers, verify contact information, and segment names by target demographics. The leaders of the advertising firm know that
Multiple Choice
implementation is the biggest AI challenge.
predictive analytics uses algorithms to explain why last year’s sales were low.
robotic process automation will cost more than machine learning.
they will no longer need any humans to develop advertisements.
Pt 4. Neveah, a manager, senses that her employee Akeno has low self-esteem. Which of the following might Neveah implement in her attempt to raise Akeno’s self-esteem?
Multiple Choice
Neveah should provide frequent reminders to Akeno about improving his weaknesses.
Neveah should increase the structure and routine in Akeno’s typical work day.
Neveah should avoid giving Akeno any negative feedback and should delegate tasks to other employees.
Neveah should remind Akeno that he is dependable and always makes the customers feel welcome.
Pt 1. B - The RV industry is best served by a matrix structure and competitive.
Pt 2. C - The couple smiled and thanked Keenan, but did not repeat the directions back to him.
Pt 3. A - Implementation is the biggest AI challenge.
Pt 4. D - Neveah should remind Akeno that he is dependable and always makes the customers feel welcome.
What is matrix structure?Matrix structure is an organizational structure in which employees report to more than one manager. This type of structure allows for greater flexibility, as employees can draw on a variety of resources from different managers. It also encourages collaboration and innovation, and allows for quicker decision-making. The matrix structure is often used in businesses that require collaboration across departments and with external partners. It is also popular in highly competitive and rapidly changing markets, where the ability to make quick decisions is essential.
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describe a time when you had to ask questions and listen carefully to clarify a customer's problem. what questions did you ask? what actions did you take? what was the outcome?
In a customer service role, it is essential to ask questions and listen carefully to clarify a customer's problem. One time, I had to assist a customer who was having difficulty with their online purchase.
They were unable to complete the transaction, and they were frustrated with the website's functionality. I listened carefully to their concerns and asked some questions to understand the issue fully. Some of the questions I asked were: What seems to be the problem? Can you explain the issue in detail? Are you receiving any error messages? Have you tried any troubleshooting steps? Based on the customer's responses, I determined that there was a technical issue with the website. I checked the website's backend and found that there was a temporary glitch in the system. I assured the customer that we would fix the problem as soon as possible and offered some alternatives to complete their purchase. I apologized for the inconvenience and provided a discount code to compensate for the trouble they had faced. The customer was pleased with the resolution, and they completed the purchase using the alternative method.
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In the Solow growth model of Chapter 8, where 5 is the saving rate y is output per worker, and t is investment per worker, consumption per worker (c) equals: (1 +x)y sy (1 - s)y - i (1 - s)y According to the Solow model, persistently rising living standards can only be explained by: saving rates. technological progress. capital accumulation. population growth. In a Solow- model with technological change, if population grows at a 2 percent rate and the efficiency of labor grows at a 3 percent rate, then in the steady state, output per actual worker grows at a____ percent rate. 3 5 2 0
In a Solow- model with technological change, if population grows at a 2 percent rate and the efficiency of labor grows at a 3 percent rate, then in the steady state, output per actual worker grows at a 5 percent rate. This is because in the Solow- model, the rate of increase of output per worker is equal to the sum of the rates of population growth, capital accumulation, and technological progress, and in this example, 2 percent + 3 percent = 5 percent.
In the Solow growth model of Chapter 8, consumption per worker (c) equals: (1 + x)y - sy (1 - s)y - i (1 - s)y, where 5 is the saving rate, y is output per worker, and t is investment per worker. According to the Solow model, persistently rising living standards can only be explained by saving rates, technological progress, capital accumulation, and population growth.
In order to ensure persistently rising living standards, the rate of technological progress must be greater than the rate of population growth. This means that the population growth rate must remain below the technological progress rate in order to ensure that output per actual worker increases.
The Solow growth model relies heavily on technological progress in order to explain the rise of living standards. Technological progress is responsible for increasing the productivity of workers and for allowing for a larger capital stock. Without technological progress, the production possibilities curve of the economy would remain unchanged, meaning that living standards would remain constant.
In conclusion, the Solow growth model states that persistently rising living standards can only be explained by saving rates, technological progress, capital accumulation, and population growth. Specifically, in order to ensure persistently rising living standards, the rate of technological progress must be greater than the rate of population growth. Technological progress is responsible for increasing the productivity of workers and for allowing for a larger capital stock.
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a vendor contract stipulates that software maintenance will cost $18,000 in year 1 of the contract and will increase by 4% every year. what will be the annual maintenance cost in year 5 of the contract? g
The given information is "a vendor contract stipulates that software maintenance will cost $18,000 in year 1 of the contract and will increase by 4% every year."
The annual maintenance cost in year 5 of the contract can be calculated as follows:
Step 1: Calculate the increase in maintenance cost from year 1 to year 2 using the given information as follows: Increase in maintenance cost from year 1 to year 2 = $18,000 × 4% = $720.
Step 2: Calculate the maintenance cost in year 2 as follows: Maintenance cost in year 2 = $18,000 + $720 = $18,720.
Step 3: Calculate the increase in maintenance cost from year 2 to year 3 using the given information as follows: Increase in maintenance cost from year 2 to year 3 = $18,720 × 4% = $748.80.
Step 4: Calculate the maintenance cost in year 3 as follows: Maintenance cost in year 3 = $18,720 + $748.80 = $19,468.80.
Step 5: Calculate the increase in maintenance cost from year 3 to year 4 using the given information as follows: Increase in maintenance cost from year 3 to year 4 = $19,468.80 × 4% = $778.75.
Step 6: Calculate the maintenance cost in year 4 as follows: Maintenance cost in year 4 = $19,468.80 + $778.75 = $20,247.55.
Step 7: Calculate the increase in maintenance cost from year 4 to year 5 using the given information as follows: Increase in maintenance cost from year 4 to year 5 = $20,247.55 × 4% = $809.90.
Step 8: Calculate the maintenance cost in year 5 as follows: Maintenance cost in year 5 = $20,247.55 + $809.90 = $21,057.45.
Therefore, the annual maintenance cost in year 5 of the contract is $21,057.45.
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Blue Corp., a car manufacturing company, reaches its five-year goal of becoming market leader in the domestic market. Upon reaching saturation in the local market, it decides to expand its market globally in order to increase its profits. Which of the following is likely to be the primary reason for Blue to enter the global market?Sales growthcultural distanceEquity clausesResidual rights clauses
The primary reason for Blue Corp. to enter the global market is sales growth. Upon reaching saturation in the local market, it decides to expand its market globally in order to increase its profits.
Sales growth is the driving factor behind the expansion of the market. What is manufacturing? Manufacturing is a branch of industry in which goods are produced through various physical, chemical, or mechanical techniques. The manufacturing process is responsible for turning raw materials into finished goods that are ready for use or sale.What is saturation?Saturation is a condition that occurs when a market, sector, or industry is flooded with competitors or products, leading to a decrease in demand for them. As the supply exceeds the demand, the saturation point is reached. The market is then seen as being in a state of equilibrium, with no significant growth or development potential remaining.
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ming-na, a marketing data analyst with robust brews coffee, was tasked with determining if customers liked the new blond roast blend. according to robust brews' sales data, over 4,000 customers purchased the new coffee last month. if ming-na surveys 25 of those customers to determine if they like the coffee or not, she will most likely suffer from confirmation bias.
true or false
The statement "if Ming-na surveys 25 of those customers to determine if they like the coffee or not, she will most likely suffer from confirmation bias" is false.
What is meant by Confirmation biasThis refers to the tendency to look for information that confirms one's pre-existing beliefs or hypotheses while ignoring information that contradicts them.
In this scenario, Ming-na is conducting a survey to determine whether customers like the new coffee or not, which does not necessarily involve pre-existing beliefs or hypotheses. To avoid confirmation bias, she can use a randomized sample of customers to ensure that the survey results are representative of the larger customer population.
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Exercise 12-17 (Algo) Equity investments; fair value through net income [LO12-5]
[The following information applies to the questions displayed below.]
The accounting records of Jamaican Importers, Inc., at January 1, 2021, included the following:
Assets: Investment in IBM common shares $ 2,045,000 Less: Fair value adjustment (215,000 ) $ 1,830,000 No changes occurred during 2021 in the investment portfolio.
Required:
1. Prepare appropriate adjusting entry(s) at December 31, 2021, assuming the fair value of the IBM common shares was: $1,373,000 (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
2. Prepare appropriate adjusting entry(s) at December 31, 2021, assuming the fair value of the IBM common shares was: $1,860,000 (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
3. Prepare appropriate adjusting entry(s) at December 31, 2021, assuming the fair value of the IBM common shares was: $2,075,000 (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Entry made on December 31, 2021, would be: Debit: Equity Investments $457,000 and Credit: Fair Value Adjustment $457,000. Entry made on December 31, 2021, would be: Debit: Equity Investments $30,000 and Credit: Fair Value Adjustment $30,000. Entry made on December 31, 2021, would be: Debit: Fair Value Adjustment $245,000 and Credit: Equity Investments $245,000.
What are the investments?When dealing with the equity investments, the fair value of the investment should be adjusted to its current value through net income at the end of each reporting period.
The adjusting entry involves debiting or crediting the difference between the fair value and the recorded value in the Equity Investments account and Fair Value Adjustment account, respectively.
The entries made on the three dates are as follows:
December 31, 2021: Debit: Equity Investments $457,000 and Credit: Fair Value Adjustment $457,000.
December 31, 2021: Debit: Equity Investments $30,000 and Credit: Fair Value Adjustment $30,000.
December 31, 2021: Debit: Fair Value Adjustment $245,000 and Credit: Equity Investments $245,000.
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The Monetary Policy of Tazi is controlled by the country's central bank known as the Bank of Tazi. The local unit of currency is the Taz. Aggregate banking statistics show that collectively the banks of Tazi hold 300 million Tazes of required reserves, 75 million Tazes of excess reserves, have issued 7,500 million Tazes of deposits, and hold 225 million Tazes of Tazian Treasury bonds. Tazians prefer to use only demand deposits (checking accounts) and hold no currency in their wallets.Assume that banks desire to continue holding the same ratio of excess reserves to deposits. What is the reserve ratio for Tazian Banks?
The reserve ratio for Tazian Banks is 4% if banks desire to continue holding the same ratio of excess reserves to deposits.
Monetary Policy is a policy adopted by the Central Bank to regulate the availability, cost, and use of money and credit. The central bank is responsible for formulating and implementing monetary policy. Monetary policy is one of the macroeconomic stabilization policies utilized by governments to stabilize their economies. Monetary policy is used to control the supply of money in circulation, the availability and cost of credit, and the level of interest rates as well as ensuring that there is sufficient money in circulation.
The reserve ratio is the portion of deposits that banks are required to keep in the form of reserves with the Central Bank. It is a fraction of deposits that banks must hold in reserve, either in their vaults or on deposit at a Central Bank. It is the sum of the mandatory reserves and excess reserves.
Reserve Ratio for Tazian Banks:
Required Reserves = 300 million Tazes
Excess Reserves = 75 million Tazes
Deposits = 7,500 million Tazes
Excess Reserve Ratio = Excess Reserves / Deposits
Excess Reserve Ratio = 75 / 7,500
Excess Reserve Ratio = 0.01
The excess reserve ratio is 0.01, so the desired reserve ratio is (1 + 0.01) = 1.01
Reserve Ratio = Required Reserves / Deposits
Reserve Ratio = 300 / 7,500
Reserve Ratio = 0.04
The Reserve Ratio for Tazian Banks is 4%.
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true or false to complete a 20 person-month project in 10 months, a team should have 4 full-time staff members assigned to the project
The statement "To complete a 20 person-month project in 10 months, a team should have 4 full-time staff members assigned to the project" is false because it can be done with 2 full-time staff members.
What is a person-month in project management?A person-month is a unit of measurement that is utilized in project management to determine the volume of resources required to accomplish a project. It's calculated by multiplying the number of people working on a project by the number of months they worked on it. A person-month is a commonly used technique to forecast the size of the development team required to deliver a specific product or project.
Therefore, to complete a 20 person-month project in 10 months, a team should have at least 2 full-time staff members. So, the given statement is false.
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a neighborhood association was formed to improve the community. they built parks, bike paths, landscaped the entrance, and invited entertainers to perform at the 4th of july celebrations. all of this has contributed to an increase in property values. what would account for this increase? a. positive externalities b. government regulation c. rezoning d. land use deregulation
The increase in property values in the community can be accounted for by the presence of positive externalities. Hence correct option is A.
What are positive externalities?Externalities are costs or benefits that are not accounted for in the price of a product or service. In other words, they are not reflected in the market price. Externalities can be positive or negative. The benefits that a third party receives as a result of a transaction are referred to as positive externalities.
Positive externalities are advantageous for the entire community, not just for the people who directly benefit from them. This is because positive externalities spill over to the rest of the community, resulting in a general increase in well-being.
The neighborhood association has improved the community by constructing parks and bike paths, landscaping the entrance, and hosting 4th of July events that feature entertainers. All of these factors have had a positive impact on the neighborhood and contributed to the increased property values.
Hence option A. positive externalities is correct.
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An iPad is part of the ____________________ when bought by end users, but it is part of the ____________________ when a salesperson purchases it to take orders.
the coase theorem requires that ____
multiple choice :
a. government is active and markets are competitive. b. government is active and transaction costs are low. c. property rights are well defined and markets are competitive. d. property rights are well defined and transaction costs are low. under the coase theorem, resources will allocate toward their highest-valued use______
multiple choice:
a. based on who has the most resources. b. if the households (or others affected) own the property rights. c. if the polluter owns the property rights. d. regardless of who owns the property rights.
The coase theorem requires that D) property rights are well defined and transaction costs are low.
What is the coase theorem?The Coase theorem, also known as the transaction cost theorem, is an economic theory that states that transaction costs are key to creating a solution to an externality.
Transaction costs refer to the expenses incurred when negotiating and contracting for goods and services.There are two main prerequisites for the Coase theorem to work.
They are as follows:
Property rights should be well defined:In order for people to be able to make deals, they must have clear and well-defined rights to the things they want to sell or buy. Property rights refer to the legal right to control and dispose of a resource.
Transaction costs should be low:In order for people to make deals, it must not cost too much. For example, legal costs, research, and information gathering are all transaction costs under the Coase theorem.
In summary, under the Coase theorem, resources will allocate toward their highest-valued use if property rights are well defined and transaction costs are low.
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determine the ror for a project that has an initial cost of $82,000 and would provide positive cash flows of $12,000 the first year, $14,000 the second year, $16,000 the third year, $18,000 the fourth year, $20,000 the fifth year, and $22,000 the sixth year.
The IRR of the project is 17.6% for the rate of return (ROR) of a project that has an initial cost of $82,000 and would provide positive cash flows of $12,000 the first year, $14,000 the second year, $16,000 the third year, $18,000 the fourth year, $20,000 the fifth year, and $22,000 the sixth year.
By using the formula for calculating Internal Rate of Return (IRR).
IRR is the discount rate that makes the net present value (NPV) of all cash flows from a particular project equal to zero.
The formula for calculating IRR is:
[tex]IRR = R + [(FV / PV) * (1 + R) ^ n - 1] / [(1 + R) ^ n - 1][/tex]
Where:
In this case, we have an initial cost of $82,000, which is the present value (PV).
The future value (FV) is the sum of all the cash flows,
which is $82,000 + $12,000 + $14,000 + $16,000 + $18,000 + $20,000 + $22,000 = $144,000.
And the number of periods (n) is 6.
[tex]IRR = R + [(144,000 / 82,000) * (1 + R) ^ 6 - 1] / [(1 + R) ^ 6 - 1][/tex]
IRR=17.6
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what are the two types of costs associated with inventory?
Carrying expenses (also called Holding costs) Costs of stockouts (also called Shortage costs). Ordering, carrying, and stock out expenses are the three main types of inventory costs. You can better track, manage, and determine the total expenses of your inventory investment.
If you are aware of the many costs that are related to inventory. The cost of money held in inventory is included in direct costs. The cost of capital, or the interest a business pays when borrowing money to pay for inventory, is one factor that differs per organization. It also covers the price of equipment for handling inventory, insurance, special containers used to store inventory, and storage space.
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A(n) _________ difference in cash occurs when a company records a transaction either before or after the bank records the same transaction. (Enter only one word.)
A(n) timing difference in cash occurs when a company records a transaction either before or after the bank records the same transaction. Timing differences arise because it takes time for a transaction to be initiated, recorded, processed, and cleared through the banking system.
When a company records a transaction in its books of account, it might not always coincide with the date the bank records the transaction in its books. This time lag creates a timing difference, which is resolved when the bank statement is received by the company. It might be favorable or unfavorable.
An example of a favorable timing difference is when a company deposits a check into its bank account at the end of the month, but the bank does not process it until the first day of the next month. In this scenario, the company's cash balance on its books is higher than what is recorded in the bank's books. This difference is favorable to the company and is called a deposit in transit. It will be resolved when the bank statement is received, and the company records the deposit.
An example of an unfavorable timing difference is when a company writes a check on the last day of the month, but the bank does not process it until the first day of the next month. In this case, the company's cash balance on its books is lower than what is recorded in the bank's books. This difference is unfavorable to the company and is called an outstanding check. It will be resolved when the bank statement is received, and the company records the check.
Therefore, timing differences occur when a transaction is recorded either before or after the bank records the same transaction. This difference is resolved when the bank statement is received by the company, and the company records the transaction as per the bank records.
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Lipids have many functions in the body as well as in foods. Select all of the statements that are true.
A. Essential fatty acids must be supplied by food.
B. Subcutaneous fat stores triglycerides and helps keep the body warm.
C. Phospholipids are the building blocks for various proteins in the body.
D. Phospholipids are a major component of plasma membranes.
E. Phospholipids such as lecithin serve as antioxidants in foods.
F. Cholesterol is used to make certain hormones.
G. Triglycerides supply 7 kcal/g.
H. Cholesterol provides 9 kcal/g.
Lipids are a diverse group of biomolecules that have a variety of functions in the body as well as in foods. The following are the correct statements regarding lipids: A, B,C ,E , G , H.
The statements which are true for lipids are:
The following are the true statements:
A. Essential fatty acids must be supplied by food.
B. Subcutaneous fat stores triglycerides and helps keep the body warm.
D. Phospholipids are a major component of plasma membranes.
F. Cholesterol is used to make certain hormones.
G. Triglycerides supply 7 kcal/g.
H. Cholesterol provides 9 kcal/g.
Lipids are a heterogeneous group of biomolecules that serve as energy sources, structural components of cell membranes, and signaling molecules, among other things. Essential fatty acids, cholesterol, and triglycerides are all lipids that are essential for human health.
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the work style changes that occurred as factory production transformed the american economy included:
The work style changes that occurred as factory production transformed the American economy included the regulation of work lives by bells and clocks.
Describe about working conditions in factories?Long hours of labor, little pay, and often dangerous working conditions were common before factory production. Workers, on the other hand, had some level of control over their schedules, and they were typically compensated well for their efforts.
However, as factory production evolved, so did the way people worked, and there were significant changes in work style as a result. Workers were required to work long hours, often for 12-14 hours per day.
They were typically required to work six days a week, with only one day off. Because the jobs were so demanding, people had to be in good physical shape to be able to do them properly.
They had to work quickly and efficiently, as well as being able to stand for long periods of time. The compensation for these jobs was typically quite low, particularly for women and children who were often paid less than men.
Workers were paid on a weekly basis, and their wages were dependent on how much work they completed in a given week. As a result, there was a lot of pressure to work hard and quickly to maximize earnings.
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