The total, or market, curve for a specific resource that shows the various total amounts of the resource that firms will purchase or hire at various resource prices, other things equal is called the supply curve.
A supply curve is a graph that shows the quantity supplied of a good or service at different prices. The supply curve is generally upward-sloping since as prices rise, suppliers are willing to produce and sell more goods or services.
The supply curve is an essential concept in economics since it reflects the connection between price and the quantity supplied.
The supply curve is based on the assumption that all other factors affecting supply, such as production costs and technology, are held constant.
This means that as prices rise, suppliers will be encouraged to produce more goods or services, resulting in an increase in supply.
This concept is fundamental to understanding how the market works, particularly in situations where there is competition between different producers.
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if a governmental body acts in a way that permanently takes all of the economic value of a property or permanently physically invades the property, this is known as a(n) .
If a governmental body acts in a way that permanently takes all of the economic value of a property or permanently physically invades the property, this is known as regulatory taking.
What is a regulatory taking?A regulatory taking is the confiscation of property by the government for public purposes or to better regulate the use of such property. This is done without the consent of the landowner, in contrast to a physical taking that results in the physical possession of the property by the government.
Therefore, regulatory taking refers to government actions that impact the value of privately owned property, specifically the economic value. It may include prohibiting property usage or activities that could be performed on the property that could add to its value or even an outright reduction of the value of the property.
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Firms use a variety of short-term financing sources to support working capital. Use the descriptions in the following table to identify the short-term financing source. Description: 1. Short Term Financing Source Continually recurring short-term liabilities commonly generated from unpaid wages or taxes ______. 2. Unsecured, short-term promissory notes issued by large firms in denominations of $100,000 or more. ______.
The short-term financing sources for 1. Short Term Financing Source Continually recurring short-term liabilities commonly generated from unpaid wages or taxes is Accounts Payable. 2. Unsecured, short-term promissory notes issued by large firms in denominations of $100,000 or more is Commercial Paper.
Firms use a variety of short-term financing sources to support working capital. The descriptions below are used to identify the short-term financing source:
1. Short Term Financing Source Continually recurring short-term liabilities commonly generated from unpaid wages or taxes - Accounts Payable
2. Unsecured, short-term promissory notes issued by large firms in denominations of $100,000 or more - Commercial Paper.
Working capital is a critical metric for any company, as it represents the difference between a company's current assets and liabilities, excluding long-term debts. Working capital is essentially the cash available to a company that is required to fund day-to-day activities such as inventory, wages, bills, etc.
Firms use a variety of short-term financing sources to support working capital. Accounts Payable is the money a company owes its suppliers. When a firm buys goods or services on credit, an accounts payable liability account is created, which is essentially a promise to pay for the purchased goods or services at a later date.
Commercial Paper is an unsecured, short-term promissory note that is issued by a corporation or a bank. Commercial paper has a fixed maturity and a low risk of default. It is an excellent source of short-term funds for firms that need to cover working capital requirements. Commercial paper has a higher interest rate than T-bills because it is an unsecured instrument issued by firms.
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If the demand for a life-saving drug was perfectly inelastic and the price doubled, the quantity demanded would:
a. also double
b. decrease by 50%
c. remain constant
d. not enough information provided
If the demand for a life-saving drug was perfectly inelastic and the price doubled, the quantity demanded would remain constant. Option C s the correct answer.
In perfectly inelastic demand, the quantity demanded does not change regardless of changes in price. This is because the good or service is considered a necessity or has no close substitutes, and consumers are willing to pay whatever price is necessary to obtain it. Therefore, even if the price of the life-saving drug doubles, the quantity demanded would remain the same.
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According to the Organisation for Economic Cooperation and Development, connections with people who come from different backgrounds and cultures would be called which of the following?a. familialb. bondsc. bridgesd. linkages
According to the Organisation for Economic Cooperation and Development (OECD), connections with people who come from different backgrounds and cultures are called bridges. The correct option is c. bridges.
Bridges refer to connections with people from different cultural, racial, and ethnic backgrounds. Bridges are defined as the connections between people from different communities, racial, and ethnic groups. These types of connections are vital for promoting understanding, cooperation, and appreciation between groups that are different from one another. They are important for social integration and promoting intercultural dialogue.
The OECD is an international organization that was established in 1961 to promote economic growth, world trade, and international cooperation. It has 38 member countries, including the United States, Canada, the United Kingdom, and France. The OECD works to promote social and economic policies that are sustainable and inclusive, and it emphasizes the importance of cultural diversity and the need for people to work together across borders and cultures to achieve these goals.So, the correct option is c. bridges.
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all of the following are true about differences between full absorption costing and variable costing except: multiple choice o full absorption costing is required by gaap and variable costing is only used in internal decision making. o full absorption costing classifies cost as manufacturing and nonmanufacturing and variable costing classifies cost as variable and fixed. o full absorption costing calculates contribution margin and variable costing calculates gross margin. o full absorption costing divides fixed cost between cost of goods sold and ending inventory while variable costing expenses fixed costs in the period incurred.
All of the following are true about differences between full absorption costing and variable costing except that full absorption costing calculates contribution margin and variable costing calculates gross margin.
What is full absorption costing?Full absorption costing is a cost accounting technique that includes both variable and fixed costs in determining the total cost of production.
All costs incurred in producing a product, including both direct and indirect costs, are included in this form of costing. Full absorption costing divides fixed costs between the cost of goods sold and ending inventory, while variable costing expenses are fixed costs in the period incurred.
The ending inventory is increased when fixed costs are included in the cost of goods sold.
Variable costing classifies costs as either variable or fixed costs. Direct materials, direct labor, and variable overhead are examples of variable costs, while fixed costs include rent, insurance, property taxes, and salaries.
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If your purchases of shoes decrease from 11 pairs per year to 9 pairs per year when your income increases from $19,000 to $21,000 a year, then, for you, shoes are considered a(n):
A) normal good.
B) inferior good.
C) complementary good.
D) substitute good.
If your purchases of shoes decrease from 11 pairs per year to 9 pairs per year when your income increases from $19,000 to $21,000 a year, then, for you, shoes are considered an (B) inferior good.
Inferior goods are products whose consumption is reduced when people's income rises, either because they can no longer afford them or because they prefer higher-quality alternatives.
Inferior goods are products whose consumption decreases as people's incomes rise, as opposed to normal goods.
When the price of an inferior good rises, people may start buying more of it rather than less of it, because it becomes more cost-effective than higher-quality substitutes.
Inferior goods, on the other hand, are those goods that are demanded less when the customer's income rises, indicating a negative connection between the customer's income and the inferior good's price.
As a result, option B is the right choice. Shoes are considered an inferior good, as the customer's income increases from $19,000 to $21,000 per year, the pair of shoes decreases from 11 pairs per year to 9 pairs per year.
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In a contract for a sale of goods, the usual measure of compensatory damages is the difference between the contract price and the market price.
true or false
The statement is True. In a contract for the sale of goods, compensatory damages are usually calculated as the difference between the contract price and the market price.
Compensatory damages, also known as actual damages, are monetary damages awarded to reimburse a plaintiff for financial and emotional losses that result from a defendant's wrongdoing.
This type of award is intended to restore the plaintiff to the financial position he or she would have been in if the wrongdoing had never occurred.
In the context of contract law, compensatory damages are awarded to the aggrieved party to compensate for any loss or harm they may have suffered due to the other party's breach of contract.
The goal of compensatory damages is to make the aggrieved party whole, rather than to punish the party that breached the contract.
The measure of compensatory damages in a contract for the sale of goods is generally the difference between the contract price and the market price. The market price refers to the current price of the goods on the open market at the time of the breach.
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When the rate of inflation is less than the interest rate on Valerie's deposit, the purchasing power of her deposit ______ over the course of the year?
When the rate of inflation is less than the interest rate on Valerie's deposit, the purchasing power of her deposit will increase over the course of the year.
Inflation is a rate at which the average cost of goods and services rises over time. To put it another way, it's the speed at which the buying power of money declines.
It is frequently determined as a percentage increase in the cost of a given basket of products or services over a given period of time, usually a year.
When a borrower receives capital from a lender and pays it back over time with interest, it is known as interest.
The interest rate is the cost of borrowing money, expressed as a percentage of the loan amount. A borrower pays interest to compensate the lender for the opportunity cost of not being able to utilise the money elsewhere for a period of time.
The purchasing power of money is the amount of goods and services that can be purchased with a specific sum of money. It's the amount of stuff a person can buy with their money.
It is frequently influenced by inflation, as the inflation rate has an impact on the cost of products and services. A deposit's purchasing power, particularly for the depositor, may be influenced by both interest rates and inflation.
The general concept, however, is that when the rate of inflation is lower than the interest rate, the purchasing power of a deposit rises over time.
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bertone's office supplies has decided to branch out from its existing stores. it plans to start sending out a catalog, and also to sell its products online. bertone's is adopting
Bertone's Office Supplies has decided to branch out from its existing stores by starting to send out a catalog and selling products online. Bertone's is adopting a multi-channel approach.
What is multi-channel?A multi-channel approach refers to the use of several methods to sell and promote a company's goods and services. The term "multichannel" refers to the various channels or mediums via which a company offers products to customers or target audiences.
The multichannel marketing model is widely used across a variety of industries. It refers to the use of several marketing channels and promotional methods to increase a company's visibility and reach among consumers. Therefore, Bertone's is adopting a multichannel marketing approach by adding new channels like the catalog and online sales in addition to its existing stores.
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To test the client's cutoff of inventories, the auditors will make a record of the serial number of the final receiving and shipping documents used prior to the taking of the physical inventory.
a. True
b. False
To test the client's cutoff of inventories, the auditors will make a record of the serial number of the final receiving and shipping documents used prior to the taking of the physical inventory. The statement is true.
What is a physical inventory?A physical inventory is a process of manually counting and verifying the inventory levels of a business. Physical inventory is done at the end of an accounting period, such as a fiscal year, and requires that all inventory items are counted and accounted for.
This enables a business to update its inventory records and make any necessary adjustments. This is especially important for businesses that depend on accurate inventory tracking, such as retailers and manufacturers.
In order to verify the client's cutoff of inventories, the auditors will record the serial number of the final receiving and shipping documents used before the physical inventory is conducted.
This helps the auditors identify any discrepancies and determine if the inventory counts have been accurately recorded.
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In an example, a local church is made up of people who are very different in their lifestyles and their stages of life. Mary is a 23-year-old single parent who earns the minimum wage. Jonathan is 60 years old, extremely wealthy, and works because he enjoys it. Jane is a 45-year-old lawyer who earns well and is well-respected in her profession. She is extremely career-oriented and is proud of her achievements. According to Maslow's hierarchy, Mary is likely to focus on satisfying _____ needs.
A) social
B) esteem
C) physiological
D) self-actualization
E) growth
According to Maslow's hierarchy, Mary is likely to focus on satisfying her C) physiological needs.
Example an physiological needs.In an example, a local church is made up of people who are very different in their lifestyles and their stages of life. Mary is a 23-year-old single parent who earns the minimum wage. Jonathan is 60 years old, extremely wealthy, and works because he enjoys it.
Jane is a 45-year-old lawyer who earns well and is well-respected in her profession. She is extremely career-oriented and is proud of her achievements.
According to Maslow's hierarchy, Mary is likely to focus on satisfying her physiological needs. Maslow's hierarchy of needs is a motivational theory that contends that fundamental human needs must be met in order to foster personality development and emotional well-being, and that these fundamental needs are arranged in a hierarchy of decreasing importance.
In Maslow's theory of hierarchy, physiological needs are at the bottom. This level contains the basic needs that are critical for our survival, including air, water, food, sleep, shelter, and other physical needs. This indicates that Mary must concentrate on providing herself and her child with basic needs to survive as well as food, shelter, and clothes..
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Which one of the following statements is not true about Gantt charts?a.The activities on Gantt charts coincide with the Work Breakdown Structure deliverablesb.A milestone can be created by adding an activity with a unit value.c.Gantt charts can be used to track actual vs planned project schedule information.d.Gantt charts do not usually show task dependencies.
The statement that is not correct about Gantt charts is that "Gantt charts do not usually show task dependencies." Thus, Option D is correct.
Gantt charts are a useful tool for project management that visually displays the schedule of a project. They show the start and end dates of each task, and can also show the duration of each task, the critical path, and resources allocated to each task. A milestone can be created by adding an activity with a unit value, and Gantt charts can be used to track actual vs planned project schedule information.
However, Gantt charts do show task dependencies by indicating which tasks must be completed before others can start, which helps project managers to plan the project and ensure that all tasks are completed in the correct sequence.
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a company uses the allowance method to estimate its bad debt expense. at the end of the year, the controller uses the aging-of-receivables method and estimates that $10,000 of accounts receivable will be uncollectible. with a debit balance of $2,000 in the allowance for bad debts account, what would be the correct entry to recognize bed debt expense?
The correct entry to recognize bed debt expense would be:
Bad Debt Expense $8,000 Allowance for Bad Debts$8,000Given, the following details of a company that uses the allowance method to estimate its bad debt expense: At the end of the year, the controller uses the aging-of-receivables method and estimates that $10,000 of accounts receivable will be uncollectible, and With a debit balance of $2,000 in the allowance for bad debts account. We are to find out the correct entry to recognize bed debt expense.
The aging method is a method used to estimate uncollectible accounts receivable by analyzing the receivables according to the age of each account. Thus, the Aging of Receivables Method estimates the portion of the current accounts receivable that will not be collected. The accounting entry to recognize bad debt expense is to debit Bad Debt Expense and credit Allowance for Doubtful Accounts.
The allowance method requires that an estimate of the expected losses from uncollectible accounts be made at the end of each accounting period. The estimated amount of losses is then charged to Bad Debt Expense and credited to Allowance for Doubtful Accounts. The following table shows the calculation of the required entry to recognize bed debt expense:
Accounts receivable that are 30 days past due$20,000×3%=$600
Accounts receivable that are 60 days past due$15,000×7%=$1,050
Accounts receivable that are 90 days past due$10,000×15%=$1,500
Accounts receivable that are 120 days past due$5,000×20%=$1,000
Total estimate of uncollectible accounts receivable$4,150
Less: Existing credit balance in Allowance for Bad Debts$(2,000)
Bad Debt Expense$2,150.
In other words, the amount of Bad Debt Expense should be $2,150, which is calculated as the total estimate of uncollectible accounts receivable ($4,150) less the existing credit balance in Allowance for Bad Debts ($2,000).Since the problem states that the controller estimates $10,000 of accounts receivable to be uncollectible, then the amount of the entry to recognize bad debt expense should be $10,000 − $2,000 = $8,000.
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according to international codes of conduct, which of the following is related to the mne behavior toward persons? group of answer choices: a) environmental protection b) consumer protection c) political involvement
The international codes of conduct related to MNE behavior toward persons include consumer protection. Thus, B is correct.
Consumer protection is an essential aspect of MNE behavior toward persons as it ensures that the products and services offered by the company do not harm consumers in any way.
International codes of conduct such as the UN Global Compact and the OECD Guidelines for Multinational Enterprises emphasize the importance of protecting consumers' health and safety, providing clear and accurate information, and respecting their privacy and personal data.
MNEs must also ensure that their advertising and marketing practices are fair and transparent, and they must provide effective mechanisms for resolving consumer complaints. Failure to comply with these codes of conduct can result in reputational damage, legal liabilities, and financial losses for the company. Therefore, B is correct.
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solinux, inc., is a young start-up company and will not pay dividends on its stock for the next 8 years, since the firm needs to plow back its earnings to fuel growth. the company will then pay a $2.22 per share dividend in year 9 and will increase the dividend by 5.7 percent per year thereafter. if investors require 7.9 percent return to invest in this stock, what is its current share price? (do not include the dollar sign ($). round your answer to 2 decimal places (e.g., 32.16).
The company will then pay a $2.22 per share dividend in year 9 and will increase the dividend by 5.7 percent per year thereafter. The current share price of Solinux, Inc. is $1.17
First, we need to calculate the future value of the stock at the end of year 9. The future value at the end of year 9 is the dividend paid at the end of year 9 multiplied by the future value factor. The future value factor is determined by the rate of return (7.9 percent) and the number of years until the dividend is paid (1 year). The future value factor for 1 year at 7.9 percent is 1.079. Therefore, the future value at the end of year 9 is $2.22 * 1.079 = $2.38.
Next, we need to calculate the present value of the stock at the end of year 9. To calculate the present value, we need to multiply the future value at the end of year 9 by the present value factor. The present value factor is determined by the rate of return (7.9 percent) and the number of years until the dividend is paid (1 year). The present value factor for 1 year at 7.9 percent is 0.929. Therefore, the present value of the stock at the end of year 9 is $2.38 * 0.929 = $2.22.
Finally, we need to calculate the current share price. To do this, we need to multiply the present value of the stock at the end of year 9 by the present value factor. The present value factor is determined by the rate of return (7.9 percent) and the number of years until the dividend is paid (8 years). The present value factor for 8 years at 7.9 percent is 0.524. Therefore, the current share price is $2.22 * 0.524 = $1.17.
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what is the purpose of liability coverage on a renters insurance policy?
The purpose of liability coverage on a renters insurance policy is to protect the policyholder from financial responsibility for injuries or damages that may occur to other individuals or their properties while they are on the policyholder's rented property.
Liability coverage is a type of insurance that protects the insured individual or organization from financial losses arising from lawsuits. The policyholder is covered for any accidental bodily injury or property damage they might cause to others while on their rented property.
A person may sue a renter for damages they suffered while on their rented property, claiming negligence. A renter's liability coverage will cover the costs associated with defending against lawsuits brought by other parties who are injured or suffer property damage as a result of the renter's actions.
The policyholder's liability coverage on their renters insurance policy will cover legal fees, settlement amounts, and court-awarded damages in the event of a lawsuit. Liability coverage on a renter's insurance policy can also cover any damage the renter causes to someone else's property, such as their landlord's house or car.
Liability coverage protects renters who have a party at their house or apartment, for example, and one of their guests is injured. It also protects renters from lawsuits filed by anyone who is hurt on the rented property's grounds. Liability coverage can also cover the cost of damage to a neighboring apartment or home caused by a renter's negligence or carelessness.
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a stock whose par value is $8 with 200 shares outstanding is split four-for-one. what is/are the effect(s) of this split? multiple select question. higher market price 800 shares outstanding lower market price par value $2
When a stock whose par value is $8 with 200 shares outstanding is split four-for-one, the following effects will occur:Higher market price
Par value $2
Lower market price
800 shares outstanding
A stock split is a corporate action that results in the reduction of the par value of a company's outstanding shares. In other words, a company divides its existing shares into more shares. For example, a company with 200 shares of common stock outstanding and a par value of $8 per share would have a total equity of $1,600. The market value of a share of stock is determined by supply and demand in the market, and so the higher the demand, the higher the market value of the stock.
On the other hand, the par value of a share of stock is its nominal or legal value as stated in the corporate charter. The par value is often used to determine the initial sale price of the stock.The effect(s) of a stock split include:Lowering the par value of the outstanding shares.Making more shares available, thereby increasing the number of shares outstanding and reducing the market price per share.Increasing the number of outstanding shares and reducing the market price per share may make the stock more attractive to investors who can purchase more shares at a lower price.
As a result, the stock's market value may increase, resulting in a higher market price for each share. Conversely, a lower market value may make the stock less attractive to investors, resulting in a lower market price per share.
caps on mortgage rate fluctuations with adjustable-rate mortgages (arms) are typically a. 5 percent per year and 15 percent for the mortgage lifetime. b. 0 percent per year and 10 percent for the mortgage lifetime. c. 2 percent per year and 5 percent for the mortgage lifetime. d. 3 percent per year and 8 percent for the mortgage lifetime.
The caps on mortgage rate fluctuations with Adjustable-rate mortgages (ARMs) are: Option (c)- 2 percent per year and 5 percent for the mortgage lifetime.
Adjustable-rate mortgages (ARMs) have interest rates that can fluctuate over time. As a result, when interest rates rise or fall, borrowers' monthly payments can change. To prevent this from happening, caps are put in place to limit the rate at which interest rates can fluctuate.
There are two types of caps on interest rate changes in adjustable-rate mortgages:
Periodic caps: Periodic caps place a limit on how much the interest rate can rise or fall in a single adjustment period. Lifetime caps: Lifetime caps limit how much the interest rate can increase over the life of the loan.Adjustable-rate mortgages are subject to caps that limit the amount of interest rate changes that may occur over a specific time period.
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What is the alternative investment industry?
The alternative investment industry refers to a category of investments that are not typically found in traditional asset classes such as stocks, bonds, and cash.
Alternative investments can include a wide range of asset classes, such as real estate, private equity, hedge funds, commodities, and derivatives.
Alternative investments are often considered to have a lower level of liquidity than traditional assets and may require a longer time horizon for investment. They can also be more complex, require more due diligence and expertise, and may carry higher levels of risk than traditional assets.
Despite these challenges, alternative investments have become increasingly popular with institutional and high-net-worth investors seeking to diversify their portfolios and potentially achieve higher returns. The alternative investment industry has grown rapidly in recent years, with many firms offering a range of alternative investment strategies and products.
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sportsworld purchased a delivery van for $23,000 with a residual value of $3,000 on september 1, 2019. the van has an estimated useful life of 5 years. using the straight-line method, how much depreciation should sportsworld recognize on december 31, 2019?
The straight-line method is one of the most common depreciation methods and is based on the principle of uniform depreciation. It divides the initial cost of an asset minus its salvage value by the asset's useful life in years to arrive at the annual depreciation amount.
Calculation of depreciation[tex]Annual depreciation=($23,000-$3,000)/5 Years\\=$4,000[/tex]
Depreciation per month = Annual depreciation / 12 months
[tex]Depreciation per month = $4,000 / 12 months[/tex]
Depreciation was recognized on December 31, 2019
Therefore, Sportsworld should recognize $1,333.33 in depreciation on December 31, 2019.
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When making a decision, managers should focus on what is relevant versus non-relevant information. If a company is going to buy a new machine, what is non-relevant?The cost of the old machine Costs incurred up to the "sell as is" decision pointTheir pricing approach emphasizes cost-plus pricing
When making a decision about whether to buy a new machine, the non-relevant information would be the cost of the old machine and their pricing approach emphasizing cost-plus pricing. Here options A and C are the correct answer.
The cost of the old machine is not relevant because it is a sunk cost, meaning it has already been incurred and cannot be recovered. The decision about whether to buy a new machine should be based on the incremental cost and benefits of the new machine, not on the cost of the old machine.
Similarly, the pricing approach emphasizing cost-plus pricing is not relevant to the decision of whether to buy a new machine because it does not affect the incremental costs and benefits of the new machine. The decision should be based on whether the new machine will increase production efficiency, reduce costs, or provide other benefits that justify the purchase.
On the other hand, costs incurred up to the "sell as is" decision point are relevant information because they are incremental costs that will affect the decision of whether to buy a new machine. These costs should be compared to the costs of buying a new machine to determine the most cost-effective option.
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Complete question:
When making a decision, managers should focus on what is relevant versus non-relevant information. If a company is going to buy a new machine, what is non-relevant?
A - The cost of the old machine
B - Costs incurred up to the "sell as is" decision point
C - Their pricing approach emphasizes cost-plus pricing
True or False? research shows that most managers vary between two or three decision-making styles, and that decision-making styles vary across occupations, job level, and countries.
True. Research shows that most managers vary between two or three decision-making styles, and that decision-making styles vary across occupations, job level, and countries.
A decision-making style is the manner in which an individual or a group of people make decisions. It is the process of choosing from among alternative courses of action to arrive at a decision. It's a critical component of the decision-making process, and it's an essential element of an effective management strategy.Research shows that most managers tend to vary between two or three decision-making styles. There are various decision-making styles that managers use, but these are the most prevalent. Autocratic, democratic, and laissez-faire are the three most popular decision-making styles used by managers. Autocratic decision-making is characterized by a leader who makes all decisions without consulting the team or employees. In a democratic decision-making style, the leader seeks input from the team before making a decision, and a consensus is reached before the decision is made.Laissez-faire decision-making is the third most popular style, and it is characterized by a leader who delegates decision-making authority to the team members. This type of decision-making style is suitable for teams that are highly skilled and self-sufficient. These decision-making styles can vary across occupations, job level, and countries. Some countries may prefer autocratic decision-making styles, while others may prefer democratic decision-making styles.
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a disparate impact exists when the employment practice in question is not shown by the employer to be job related and consistent with business necessity. true false
The statement "a disparate impact exists when the employment practice in question is not shown by the employer to be job-related and consistent with business necessity" is true.
What is a disparate impact?When a neutral job policy disproportionately affects a particular group of people, this is known as disparate impact. This discrimination can occur even if the employer did not intend for it to happen. A case that highlighted the disparate impact in the employment practice is the Griggs v. Duke Power Co. case.
In 1971, the Supreme Court decided that the Duke Power Company had been guilty of discrimination against its Black employees when it enforced a high school diploma and aptitude test policy as a condition of employment. Because both of these requirements had no job-related significance, the practice was prohibited. This ruling established a precedent for courts to use when deciding whether a policy was discriminatory if it caused a disproportionate impact on a certain minority group.
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______ is The process of planning staffing leading and organizing employees
Functions of management is the process of planning staffing leading and organizing employees.
The process of completing the labor or task necessary for accomplishing an organization's goals in an effective and efficient way is referred to as management. The management functions are implied by the process. Planning, organizing, staffing, directing, and managing are therefore involved.
The four widely acknowledged management functions are leading, controlling, organizing, and planning. These roles collaborate to develop, carry out, and achieve organizational goals. The four management functions can be thought of as a process where each function builds on the one before it. A manager's job is to give all efforts to achieving organizational objectives general direction and leadership. increasing effectiveness.
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At the end of 2021, Marin Co. Has accounts receivable of $754,500 and an allowance for doubtful accounts of $23,960. On January 24, 2022, it is learned that the company’s receivable from Madonna Inc. Is not collectible and therefore management authorizes a write-off of $4,624. A)Prepare the journal entry to record the write-off. (Credit account titles are automatically indented when amount is entered. Do not indent manually. )Account Titles and ExplanationDebitCreditEnter an account titleEnter a debit amountEnter a credit amountEnter an account titleEnter a debit amountEnter a credit amount(b)What is the cash realizable value of the accounts receivable before the write-off and after the write-off?Before Write-OffAfter Write-OffCash realizable value$Enter a dollar amount$Enter a dollar amount
The journal entry to record the write-off of the given information of Marin co. and Madonna Inc. is as follows-
Dr - allowance for doubtful accounts - 4,624
Cr - accounts receivable - 4,624
b: Before Write-off - 730,540 (754,500-23,960)
After Write-off - 730,540 (754,500-4,624) -(23,960-4,624)
Journal entry is the act of maintaining/keeping or recording economic or non-economic transactions.
Transactions are recorded/documented in accounting journals that show the company's debit and credit balances. A journal entry can consist/contains of multiple entries, each representing either a debit or a credit. The total debits must equal/similar/same the total credits. Otherwise, the journal is considered unbalanced.
Journal entries can record one-time or recurring items, such as depreciation or write-off of bonds. In accounting software, journal entries are typically recorded using a separate module from accounts payable. Accounts payable usually has its own subledgers that indirectly affect the general ledger.
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he offering price of an open-end fund is $12.30 per share and the fund is sold with a front-end load of 5%. What is its net asset value? (Round your answer to 2 decimal places. Omit the sign in your response.)
The net asset value of the fund is $11.69 per share.
To calculate the NAV of the fund, we need to first calculate the amount of the front-end load. We can do this by multiplying the offering price by the front-end load percentage:
Front-end load = $12.30 x 5% = $0.615
The amount of the front-end load is subtracted from the offering price to determine the actual amount invested in the fund:
Net amount invested = $12.30 - $0.615 = $11.685
The NAV of the fund is then calculated by dividing the total assets of the fund by the number of shares outstanding. Since we are not given any information about the assets or the number of shares outstanding, we cannot calculate the NAV directly. However, we know that the offering price and the NAV are related by the formula:
Offering price = NAV / (1 - Load percentage)
NAV = Offering price x (1 - Load percentage)
Substituting the values we have calculated, we get:
NAV = $12.30 x (1 - 5%) = $11.69
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frames, inc. picture frames each require $19 of direct materials and $40 of direct labor. variable manufacturing overhead cost is $9 per frame and variable selling and administrative expense is $13 per frame sold. total fixed manufacturing overhead cost per month is $15,000 and the company produces 5,000 frames each month. the unit product cost of each frame using variable costing is $ . (enter your answer as a whole number without decimal places.)
The total unit product cost of each frame using variable costing is $81.
We can calculate the unit product cost of each frame as follows:
Unit Product Cost = Direct Materials + Direct Labor + Variable Overhead Cost
Unit Product Cost = $19 + $40 + $9Unit Product Cost = $68
To calculate the total unit product cost using variable costing, we need to add the variable selling and administrative expense per frame to the unit product cost.
Total Variable Cost per Frame = Unit Product Cost + Variable Selling and Administrative Expense
Total Variable Cost per Frame = $68 + $13
Total Variable Cost per Frame = $81
Therefore, the total unit product cost of each frame using variable costing is $81.
The concept of variable costing refers to the calculation of the cost of a product by considering only those manufacturing costs that vary with respect to the production level. That means that the only costs included in the cost of a product under this method are direct materials, direct labor, and variable overhead costs. The costs that remain constant regardless of production volume are considered fixed costs, such as rent, property taxes, and other similar expenses. These costs do not form part of the unit product cost calculation using variable costing.
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what is the difference between an l/c and other forms of export-import financing? why do sellers often require letters of credit in international transactions?
The difference between an l/c (Letter of Credit) and other forms of export-import financing is that an l/c is a commitment by a bank on behalf of the buyer that payment will be made to the seller once certain conditions are met. This type of financing provides the seller with greater security in international transactions compared to other forms of export-import financing i.e. bills of exchange, bankers’ acceptance, forfeiting, factoring, etc.
Letters of credit (L/Cs) are required in international transactions by sellers because they assure both the exporter and the importer in a transaction. It provides security to the seller and reduces the risk of non-payment and other risks that are inherent in international trade transactions. It provides flexibility in terms of payment amounts and payment timing, allowing the seller to negotiate better terms.
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Export-import financing is a type of financial aid that is given to businesses that engage in exporting or importing activities. Letters of credit are one of the many forms of export-import financing, and they are a type of financial instrument that banks use to facilitate international transactions. One of the primary reasons why sellers often require letters of credit in international commerce is because they provide a high degree of assurance that payment will be received.
What is export-import financing?Export-import financing is a type of financial aid that is given to businesses that engage in exporting or importing activities. The goal of export-import financing is to provide businesses with the financial resources they need to engage in international trade. This can include loans, grants, insurance, and other forms of financial assistance. By providing this type of financial assistance, businesses are better able to take advantage of international trade opportunities.
What is the difference between L/C and other forms of export-import financing?Letters of credit are just one of the many forms of export-import financing. There are many other types of financial aid that businesses can receive to help them engage in international trade. Some of the most common forms of export-import financing include trade loans, guarantees, insurance, and factoring. Each of these forms of financing has its own benefits and drawbacks, and businesses must evaluate which form of financing is best suited to their needs.
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A company makes a cash sale of $24,000. The cost of the merchandise is $13,000. Identify the journal the transaction would be recorded in: 3) A) Cash disbursements journal B) General journal. C) Cash receipts journal. D) Purchase journal. E) Sales journal.
When a company makes a cash sale of $24,000 and the cost of the merchandise is $13,000, journal the transaction would be recorded in Sales journal. Hence, the correct option is E.
The journal that would be recorded for the transaction of the company that makes a cash sale of $24,000 and has the cost of merchandise of $13,000 is the sales journal. A sales journal is a specific journal that records all sales of merchandise made for cash or on account. The sales journal records transactions that are made by a business entity on credit. The sales journal records sales invoices that involve inventory.
If there is a sale of goods, the sales journal records this type of transaction. The details are recorded in the sales journal when goods are sold, whether for cash or on credit. The sales journal includes information such as the customer's name, the date of the sale, the invoice number, the merchandise sold, the quantity, the selling price, and the total amount.
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In a break-even problem, the break-even point is determined by setting the ______ variable to a value that results in a profit of zero.
In a break-even problem, the break-even point is determined by setting the total revenue (TR) equal to the total cost (TC) variable to a value that results in a profit of zero.
At this point, the company is neither making a profit nor incurring a loss. This is because the total revenue earned by the company is equal to the total cost incurred in producing and selling the product. Any revenue generated beyond the break-even point will result in profit for the company, while any revenue generated below the break-even point will result in a loss.
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