The net income, calculated using the given data, is $91,000.
What can be discovered on an income statement with several steps?One must keep in mind the essential components when completing a multiple step income statement. Net Sales, Cost of Products Sold, Gross Profit, Total Operational Costs, Net Gain or Loss from Other Activities, Income before Taxes, Tax Expenditure, and Net Income are the items on this list. One must keep in mind the essential components when completing a multiple step income statement.
Net Revenue = Service Revenue - Sales Discounts - Sales Allowances
Net Revenue = $100,000 - $2,000 - $7,000
Net Revenue = $91,000
To know more about income visit:-
https://brainly.com/question/14732695
#SPJ1
which of the following are reasons an intermediary might refuse to work with a producer? (check all that apply.)
The following are some of the reasons why an intermediary might refuse to work with a producer:
-because the producer is unknown to the intermediary
-because the producer is selling a new product
Some of the reasons why an intermediary might refuse to work with a producer1. Insufficient quantity of products
The intermediary might refuse to work with the producer because the producer is not able to provide enough products to meet the requirements of the intermediary. It could be a case where the producer is unable to fulfill the order in time due to limited production capacity.
2. Poor product Quality
If the product quality is poor, the intermediary will refuse to work with the producer. The intermediary has to maintain a certain standard of quality for the product they sell to the customers. Poor product quality can damage the intermediary's reputation, so they need to make sure that the quality is up to the mark.
3. Poor credit History
The intermediary may not work with the producer if the producer has a poor credit history. The intermediary has to make payments to the producer, and if the producer is not creditworthy, the intermediary may not get the payment on time or may have to face difficulties in the future.
4. Lack of trust
The intermediary might refuse to work with the producer if they do not trust the producer. It could be a case where the intermediary has had a bad experience in the past, or the producer has a bad reputation in the market. The intermediary might not want to take any risks by working with the producer.
5. Insufficient Margins
The intermediary may refuse to work with the producer if the margins offered by the producer are insufficient. The intermediary has to maintain a certain profit margin, and if the producer is not able to provide enough margins, the intermediary may not find it profitable to work with the producer.
Your question is incomplete but most probably your full question was:
Which of the following are reasons an intermediary might refuse to work with a producer? (check all that apply.)
-because the producer is unknown to the intermediary
-because the producer is selling a new product
-because the intermediary resists vertical integration
-because the intermediary fears that the producer will steal its customer base
Learn more about intermediary at
https://brainly.com/question/1537763
#SPJ11
What are the three questions addressed by financial management?
The questions addressed by the Financial management are about the long-term investments of the company, the company finances these investments, and how the company manages its day-to-day financial activities.
Financial management deals with long-term investment decisions. Companies need to make significant investments in various assets such as land, buildings, and equipment.
The three questions addressed by financial management are:
1. What long-term investments should the company undertake?
This involves the capital budgeting decision, where the company decides which projects or investments to pursue based on their potential profitability and growth.
2. How should the company finance these investments?
This relates to the capital structure decision, where the company determines the appropriate mix of debt and equity financing to optimize its cost of capital.
3. How can the company manage its day-to-day financial activities?
This pertains to the working capital management decision, where the company manages its cash, receivables, and inventories to ensure smooth operations and maintain adequate liquidity.
Learn more about Financial management here:
https://brainly.com/question/989344
#SPJ11
During the current year, a capital projects fund completed a new public safety building started in the prior year. The total cost of the project was $9,695,000; current- year construction costs totaled $715,000, paid in cash. The full cost is attributed to the building because it was constructed on city-owned property. The building came in $6,100 under budget, which is transferred to the General Fund. 4a Capital Project Fund Record the $715,000 cash payment made for construction costs during this year. Construction Expenditures 715,000 Cash 715,000 46 Record the balance $6,100 transferred to the General Fund. 4C General Fund 4d Governmental Activities Record in the governmental activities general journal, the $715,000 cash payment made for construction costs during this year. 4e Record in the governmental activities general journal, the completion of a new public safety building on city-owned property started in the prior year costing $9,695,000.
In the following question, among the conditions given, the completion of a new public safety building on city-owned property started in the prior year costing $9,695,000.Construction Expenditures = $9,695,000, Capital Projects Fund = $9,695,000.
During the current year, the capital projects fund completed a new public safety building started in the prior year. The total cost of the project was $9,695,000; current- year construction costs totaled $715,000, paid in cash. The full cost is attributed to the building because it was constructed on city-owned property. The building came in $6,100 under budget, which is transferred to the General Fund. The following are the journal entries for the given transactions.4a Capital Project FundRecord the $715,000 cash payment made for construction costs during this year.
Construction Expenditures = $715,000Cash = $715,0004C General FundRecord the balance $6,100 transferred to the General Fund. General Fund = $6,100Capital Projects Fund = $6,1004d Governmental ActivitiesRecord in the governmental activities general journal, the $715,000 cash payment made for construction costs during this year.Cash = $715,000 Construction Expenditures = $715,0004e Record in the governmental activities general journal, the completion of a new public safety building on city-owned property started in the prior year costing $9,695,000. Construction Expenditures = $9,695,000 Capital Projects Fund = $9,695,000
For more such questions on Projects
https://brainly.com/question/27734667
#SPJ11
Ford and Mazda have decided to enter into a strategic alliance and have agreed upon an appropriate alliance structure. The companies have decided to host a conference for management and employees to better understand the purpose and objectives of the alliance and allow employees of both companies to build interpersonal relationships which will build trust and facilitate harmonious relations between the two firms. Which of the following describes this alliance management technique?
Group of answer choices
A. Building relational capital
B. Awareness of cultural sensitivity
C. Creating learning symmetry
D. Securing competitive position
E. Establishing a cost-sharing partnership
In the following question, among the given options, option (A). "Building relational capital" describes the alliance management technique in which Ford and Mazda enter into a strategic alliance and have agreed upon an appropriate alliance structure.
Relational capital is the value that is formed through the relationship that exists between an organization and its stakeholders. The relationship between stakeholders can be improved by organizing events that allow employees of both companies to build interpersonal relationships which will build trust and facilitate harmonious relations between the two firms. Hence, Building relational capital describes the alliance management technique. Therefore, option A is the correct answer.
For more such questions on relational capital.
https://brainly.com/question/13072764
#SPJ11
which of the following types of diversification strategies is characterized by less than 70 percent of revenue coming from the dominant business and limited links between businesses? a. dominant-business b. related constrained c. related linked d. unrelated
The type of diversification strategy characterized by less than 70 percent of revenue coming from the dominant business and limited links between businesses is called Unrelated diversification strategy
Unrelated diversification strategy is the one in which an organization diversifies into areas that are not related to its current business or markets. Such a strategy involves a high level of risk since the company has no prior experience in the new area of business. It is also known as conglomerate diversification.
This strategy involves acquiring businesses that are unrelated to the current business of the company.
Dominant-business strategy: This strategy is characterized by a company that is primarily focused on one product line or service. This strategy emphasizes the use of core competencies to maintain a competitive advantage.
Related constrained strategy: This strategy is characterized by diversification into related businesses or industries. This strategy emphasizes the use of core competencies and knowledge to enter into new markets or product lines.
Related linked strategy: This strategy is characterized by diversification into businesses that have strategic links to the company's core business. This strategy emphasizes the use of core competencies and knowledge to create a competitive advantage.
To know more about Unrelated diversification strategy, click on the link below:
https://brainly.com/question/28138741#
#SPJ11
Cakes by Jacki has $144,000 of fixed costs per year. The contribution margin ratio is 59%. The sales dollars to break-even rounded to the nearest dollar equals: Click the answer you think is right. $203,040 $244,068 $351,220 $228,960
The sales dollars to break even rounded to the nearest dollar equals $244,068. Thus, option b is correct.
The break-even point is that sales amount that will generate a profit of $0, and to calculate the sales amount, one should equate the total cost to the total revenue, given as:
= Or, Fixed costs + Variable costs = Total sales
Let, ‘x’ be the total sales amount, then the contribution margin will be 59% of the total sales:
Contribution margin = 59/100 × x= 0.59x
Therefore, the equation for total cost will be as follows:
Total Cost = Fixed Cost + Variable Cost = $144,000 + 0.41x
At the break-even point, the total cost equals the total sales. Hence, we can equate them:
Total sales = Total cost
x = $144,000 + 0.41xx - 0.41x = $144,0000.59
x = $144,000x = $144,000 / 0.59x
= $244,067.80 ≈ $244,068.
Hence, the sales dollars to break even rounded to the nearest dollar equals $244,068. Thus, option b is correct.
Learn more about the break-even point here:
https://brainly.com/question/15281855
#SPJ11
from this information you suppose that you conduct a survey and collect data on people's health insurance plan (hmo, ppo, fee-for-service). you plot the information and find that people who have less restrictive health insurance plans also have higher health care expenditures. from this information you cannot tell if this is due to the structure of the plan or if higher risk individuals opt into less restrictive plans. conclude that higher risk individuals opt into less restrictive insurance plans. conclude that less restrictive health insurance plans leads to higher health expenditures.
From the given information, if you plot the data on people's health insurance plan (HMO, PPO, fee-for-service), and find that people who have less restrictive health insurance plans also have higher health care expenditures, you cannot tell if this is due to the structure of the plan or if higher-risk individuals opt into less restrictive plans.
You can conclude that higher-risk individuals opt into less restrictive insurance plans. It is not correct to conclude that less restrictive health insurance plans lead to higher health expenditures.
Since the given information does not provide evidence of whether less restrictive health insurance plans result in higher health expenditures, the second statement is incorrect.
The conclusion that higher-risk individuals opt into less restrictive insurance plans is supported by the given data on people's health insurance plan (HMO, PPO, fee-for-service).
By plotting the information and finding that people who have less restrictive health insurance plans also have higher health care expenditures, it is evident that these people have higher health care needs or health problems.
It is possible that they are attracted to less restrictive health insurance plans because they provide more comprehensive coverage for their needs or because they allow them more flexibility in accessing care.
Thus, higher-risk individuals may be more likely to choose less restrictive plans, which leads to higher health care expenditures.
To learn more about health insurance, refer below:
https://brainly.com/question/29042328
#SPJ11
when an asset has a significant decline in value and is written down, this is called
When an asset has a significant decline in value and is written down, this is called impairment.
A write-down is a decrease in the carrying amount of an asset, while an impairment is a write-down that occurs because the asset's fair value is less than its carrying amount or its recoverable amount. Impairments occur when an asset's value is decreased, resulting in the asset's carrying amount being higher than its recoverable amount.
A write-down of an asset, such as inventory or equipment, means that the asset's value has declined significantly. When an asset's value is written down, its book value or carrying amount is lowered to reflect the asset's current fair market value.
Write-downs can be made on any type of asset, including property, plant, and equipment, intangible assets, and investments.
In summary, the process of decreasing the carrying value of a long-term asset because it is no longer worth its previous value is called impairment or write-downs.
For such more question on impairment:
https://brainly.com/question/29910683
#SPJ11
why do studies that use probability samples have excellent external validity?
Studies that use probability samples have excellent external validity because they are more likely to accurately represent the population being studied.
Probability sampling is a method of selecting individuals from a population at random, ensuring that every member of the population has an equal chance of being selected for the study. This helps to minimize bias and increase the generalizability of the study results to the broader population.
When a study uses probability sampling, the sample is more likely to be representative of the population being studied, which means that the results of the study can be more accurately generalized to the larger population. This is important because it allows researchers to draw conclusions about the population as a whole, rather than just the specific individuals who participated in the study.
In contrast, studies that use non-probability sampling methods, such as convenience sampling or snowball sampling, may be more prone to bias and may not accurately represent the population being studied. This can limit the external validity of the study and make it difficult to generalize the results to the broader population.
To learn more about probability samples
https://brainly.com/question/28016369
#SPJ4
If domestic saving exceeds domestic investment, then net exports are ... and domestic national saving equals $25 billion, then net capital outflow equals:
Then net exports are negative, meaning that domestic national saving ($25 billion) is exported to foreign nations. Therefore, net capital outflow equals $25 billion.
Domestic investment is the realization of investment made directly by domestic investors in accordance with domestic investment regulations, general regulations and domestic investment procedures by the government. Through investing in communities, companies can improve their facilities, hire employees, and grow their businesses.
If domestic saving exceeds domestic investment, then net exports are negative, meaning that domestic national saving ($25 billion) is exported to foreign nations. Therefore, net capital outflow equals $25 billion.
Learn more about domestic investment: brainly.com/question/29774239
#SPJ11
oil producing nations are fully aware that the price elasticity of demand for gasoline in the short run is approximately 0.4. if a war in the middle east causes the price of oil (from which gasoline is made) to increase, how will that affect the total revenue from gasoline production in the short run, all other things equal?
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.
Learn more about law of demand here:
brainly.com/question/24500422
#SPJ11
Working capital needs of a company are projected by estimating what out-of-pocket expenses will
be incurred and when the revenues from sales are to be collected, which is done by _____.
A. cash budgets
B. dividend statements
C. capital account statements
D. expense accounts
The working capital needs of a company are projected by estimating what out-of-pocket expenses will be incurred and when the revenues from sales are to be collected, which is done by cash budgets.
What is Working capital?
Working capital is a financial metric that is used to determine how effectively a business is managing its liquidity by comparing its current assets to its current liabilities. In other words, it's a measure of how well a business is positioned to meet its short-term obligations. The goal of working capital management is to ensure that a company has enough cash or other short-term assets to cover its obligations as they come due. Working capital= Current assets- Current liabilities.
A cash budget is a budget that shows how much cash a business expects to receive and pay out during a particular period. Cash budgets are useful for businesses because they help them plan for future cash flows and make sure they have enough money on hand to cover their expenses. It typically includes projections of sales, collections, and payments, as well as estimates of other cash inflows and outflows that may occur.
Therefore, the correct answer is A.
learn more about Working capital here:
https://brainly.com/question/28391478
#SPJ11
checks outstanding totaled $4,540. a deposit of $4,730, representing receipts of july 31, had been made too late to appear on the bank statement. the bank had collected $2,460 on a note left for collection. the face of the note was $2,330. a check for $600 returned with the statement had been incorrectly recorded by stone systems as $660. the check was for the payment of an obligation to holland co. for the purchase of office supplies on account. a check drawn for $700 had been incorrectly charged by the bank as $70. bank service charges for july amounted to $45.
The total outstanding checks on the bank statement was $4,540. A deposit of $4,730 was made on July 31, which was too late to be reflected in the statement. The bank had collected $2,460 on a note, whose face value was $2,330. A check for $600 was returned with the statement, but Stone Systems had incorrectly recorded it as $660.
This was for payment of an obligation to Holland Co. for the purchase of office supplies. Another check of $700 was incorrectly charged by the bank as $70. Bank service charges for the month of July amounted to $45. Thus, the net balance in the account after accounting for all the above transactions is $4,737.
Know more about Bank statement here:-
https://brainly.com/question/15525383#
#SPJ11
what general trends do you notice about the average cost of health insurance premiums for individual and family coverage?
According to the Kaiser Family Foundation's Employer Health Benefits Survey, the average annual premium for family coverage in employer-sponsored health plans was $21,342 in 2020, up 4% from the previous year. For individual coverage, the average annual premium was $7,470, up 4% from the previous year as well.
This upward trend has been observed over the past several decades, with the cost of health insurance premiums increasing at a rate that outpaces inflation and wage growth. Many factors contribute to the rising cost of health insurance premiums, including the cost of medical services and prescription drugs, administrative expenses, and the aging of the population.
It's worth noting that health insurance premium costs can vary significantly based on a variety of factors, such as geographic location, age, health status, and the type of plan chosen.
Learn more about health insurance here brainly.com/question/28590419
#SPJ4
what are the effects of an increase in the population on potential gdp, the quantity of labor, the real wage rate, and potential gdp per hour of labor?
Whenever there is an increase in population on the potential GDP, quantity of labor, real wage-rate, and labor per hour potential GDP, there is a gradual increase in the supply of labor within the economy during the given particular period.
The supply of labor can be taken into perspective as the total amount of labor available in the market. It highly depends on the labor's wage-rate, and demand for production in the economy. Thus, it may be said that there exists a direct relationship between supply of labor and the potential GDP.
Learn more about supply of labor here:
https://brainly.com/question/29342939
#SPJ4
what is the initial unplanned inventory investment? if the number is negative, be sure to include a negative sign.
The initial unplanned inventory investment is the difference between the actual inventory level and the desired inventory level. This amount is typically expressed in terms of money. If the actual inventory level is less than the desired inventory level, then the initial unplanned inventory investment would be expressed as a negative number.
Initial unplanned inventory investment
Initial unplanned inventory investment is the change in unplanned inventory at the beginning of the year. It is also called inventory investment. If the number is negative, a negative sign should be included.
Initial Unplanned Inventory Investment = Change in Unplanned Inventory at the Beginning of the Year
If the result of this formula is negative, then the initial unplanned inventory investment is negative.
Learn more about Inventory Investment here:
https://brainly.com/question/17425099
#SPJ11
there are no classist economists in the world today, we teach these ideas only as a prelude true false
There are various classist economists in the world today. Therefore, the given statement is False.
What do you mean by Classism?Classism is a system in which people are divided into social classes based on their economic status, and it is still prevalent in many parts of the world.
The idea of classism has been taught for many years, and it is still being taught today. Economists who study classism are called classist economists, and they are concerned with understanding the ways in which class affects economic behavior and outcomes.
The statement "there are no classist economists in the world today, we teach these ideas only as a prelude" is false because there are classist economists who study classism and its effects on economic behavior and outcomes.
For more information regarding this topic, you can check the below link
https://brainly.com/question/28284361
#SPJ11
The task environment includes Multiple Choice a. the wide-ranging global, technological, soclocultural, and political forces that affect organizations. b. the forces that have the least immediate effect on managers and their decisions. c. opportunities and threats that are harder to identify than those in the general environment. d. a framework of environmental policies that dictate the CSR policies of global organizations. e. the set of forces that originate with global suppliers, distributors, customers, and competitors.
In the following question, among the given options, The task environment includes, option e). "The set of forces that originate with global suppliers, distributors, customers, and competitors is known as the task environment."
Task Environment is that part of the environment that is associated with an organization's daily business activities. These factors influence an organization's operations and determine its long-term success or failure. The task environment is made up of a variety of factors, including global suppliers, distributors, customers, and competitors.The primary features of the task environment include:
Customers: The organization must concentrate on fulfilling customer demands to be effective. Suppliers: The organization must purchase goods and services from suppliers, who may have a significant impact on the company's operations.Competitors: The organization must compete with rivals to remain relevant in the market.Labor market: The availability of skilled labor is essential to the organization's success.Regulators: The organization must comply with all relevant legislation to prevent being penalized.
For more such questions on task environment
https://brainly.com/question/28901134
#SPJ11
Connor (m=76.0 kg) is competing in the state diving championship. He leaves the springboard from a height of 3.00 m above the water surface with a speed of 5.94 m/s in the upward direction.
a. Determine Connor's speed when he strikes the water.
b. Connor's body plunges to a depth of 2.15 m below the water surface before stopping. Determine the average force of water resistance experienced by his body.
The correct answers are:
a. 9.7 m/s
b. 2408N
How to solveFrom the conservation of energy,
Ei = Es
mgh + 1/2mu^2 = 1/2 mv^2
Put the values
3575.18J = 1/2 mv^2
=9.7m/s
b. loss in energy = workdone by friction
3575.18 +76 x 9.8 x 2.17
=2408N
The conservation of energy is a fundamental principle in physics that states that energy cannot be created or destroyed, only transformed from one form to another or transferred from one system to another.
Read more about conservation of energy here:
https://brainly.com/question/166559
#SPJ1
as the strategy director for a mutual fund, you must choose a portfolio of stocks that maximizes returns for your customers. recently, the economy has undergone significant economic growth, which is expected to continue. you have a choice of the four following industries in which to place your investors' money. in which two will you place the money to best fulfill your goal?
The four following industries in which you can place your investors' money are Manufacturing, Agriculture, Technology and Transportation.
Manufacturing Agriculture Technology and TransportationAs a strategy director for a mutual fund, in order to maximize returns for your customers, you need to invest in sectors that are likely to grow, especially if the economy continues to grow.
Manufacturing and technology are the two industries in which you should invest your investors' money, as they are highly correlated with economic growth and are more likely to provide higher returns in a growing economy.
Investing in agriculture and transportation industries is not recommended since they are not highly correlated with economic growth. Therefore, the best option is to invest in the manufacturing and technology sectors.
Learn more about manufacturing here:
brainly.com/question/13440987
#SPJ11
select the sentence that best demonstrates business writing skills. group of answer choices a. although destination weddings began as a side business for disney. b. they now represent a major income source. c. although destination weddings began as a side business for disney, they now represent a major income source. d. although destination weddings began as a side business for disney they now represent a major income source.
The sentence that best demonstrates business writing skills. In the given options, the sentence that best demonstrates business writing skills is option C: "Although destination weddings began as a side business for Disney, they now represent a major income source.
"Option A is incorrect because it lacks the necessary punctuation. It is a run-on sentence and thus does not follow the rules of grammar. Option B is also incorrect because it is a sentence fragment. It lacks a subject and a verb, making it an incomplete sentence. Option D is incorrect because it is a comma splice. A comma splice is when two independent clauses are joined by a comma instead of a conjunction or a semicolon. It is also considered incorrect grammar. Thus, the correct answer is option C.
For more such questions on business writing skills.
https://brainly.com/question/5330977
#SPJ11
A country reported nominal GDP of $105 billion in 2018 and $85 billion in 2017. It also reported a GDP deflator of 130 in 2018 and 125 in 2017. Between 2017 and 2018? a) real output and the price level both rose. b) real output rose and the price level fell. c) real output fell and the price level rose. d) real output and the price level both fell.
The correct answer is a) real output and the price level both rose.
The nominal GDP in 2018 was $105 billion, compared to $85 billion in 2017, which is a real output increase of 24.7%. The GDP deflator of 130 in 2018 compared to 125 in 2017 is an increase in the price level of 4%.
Option a is the correct answer. Between 2017 and 2018, both real output and the price level rose. What is real output?Real output, also known as GDP at constant prices or real GDP, is a measurement of an economy's economic output adjusted for price changes.
GDP that has been adjusted for price changes is real GDP, which is a measure of an economy's growth or contraction. It is essential to calculate real GDP because it removes the influence of inflation or deflation from the GDP's development over time.
What is a GDP deflator? A measure of price inflation or deflation for the goods and services generated in an economy is the GDP deflator. It is calculated by taking the ratio of nominal GDP to real GDP and multiplying it by 100. GDP deflator = (Nominal GDP/Real GDP) x 100%.
It is similar to the Consumer Price Index (CPI), which monitors changes in the cost of a basket of goods and services purchased by consumers, except that the GDP deflator is broader since it reflects changes in the price level of all goods and services produced, not just those purchased by consumers.
You can read more about real output at https://brainly.com/question/27972321
#SPJ11
Consider the market for economics textbooks. Explain whether the following events would cause an increase or a decrease in supply or an increase or a decrease in the quantity supplied.
a. The market price of paper increases. This will cause a(n)? OA increase in supply. O B. increase in quandity supplied. O C. decrease in supply. O D. decrease in quantity supplied.
b. The market price of economics textbooks increases. This will cause a(n)? OA. increase in supply. O B. increase in quansity supplied OC. decrease in supply OD decrease in quantity supplied .
c. The number of publishers of economics textbooks increases. This will cause a(n)?) OA. increase in supply. OB. inorease in quantity supplied OC. decrease in supply O D. decrease in quantity supplied. d. Publishers expect that the market price of economics textbooks will increase next month. This will cause a(n)? OA increase in supply OB. increase in quantity supplied. OC. decrease in supply. OD. decrease in quantity supplied
Consider the market for economics textbooks. Below is the explanation of whether the following events would cause an increase or a decrease in supply or an increase or a decrease in the quantity supplied: The market price of paper increases.
This will cause a decrease in supply. The increase in the price of paper will cause a rise in production cost of the textbooks. Due to the increased cost, sellers will produce less quantity of economics textbooks in the market. Hence, it causes a decrease in supply.The market price of economics textbooks increases. This will cause an increase in quantity supplied.The increase in the price of economics textbooks will lead to higher profits for the sellers. Sellers will, therefore, produce more books, leading to an increase in quantity supplied.The number of publishers of economics textbooks increases. This will cause an increase in supply.The entrance of new publishers will cause a more competitive market as more people will come in to sell. Due to competition, the sellers will increase their supply of books to the market to maintain their market share. Hence, it causes an increase in supply.Publishers expect that the market price of economics textbooks will increase next month. This will cause an increase in supply. Publisher's expectation of increasing prices in the future will make them increase the supply of economics textbooks to the market so that they can maximize their profits. Hence, it causes an increase in supply.
Read more about economics here:https://brainly.com/question/17996535
#SPJ11
drew, elmer, and frank are partners in the def partnership. the partnership is being dissolved. it has $200,000 in cash assets and it owes $410,000 to creditors. profits and losses of the partners are shared equally, although drew contributed $100,000 in capital; elmer contributed $50,000 in capital; and frank contributed $25,000 in capital. which of the following is correct with regard to the responsibility of each partner?a. Each partner is responsible for $70,000 of the money owed to creditors. b. Elmer will have to contribute additional capital in order to settle the partnership affairs. c. Drew will have to contribute additional capital in order to settle the partnership affairs. d. All of these are correct.
Option D is the correct answer. Each partner is responsible for $70,000 of the money owed to creditors. Since profits and losses are shared equally, each partner will be responsible for 1/3 of the $410,000 debt owed to creditors. This means that Drew will be responsible for $70,000, Elmer will be responsible for $70,000, and Frank will be responsible for $70,000.
Drew, Elmer, and Frank are partners in the DEF Partnership, which is being dissolved. The partnership has $200,000 in cash assets and owes $410,000 to creditors. Profits and losses of the partners are shared equally, although Drew contributed $100,000 in capital, Elmer contributed $50,000 in capital, and Frank contributed $25,000 in capital.
In addition, Elmer and Drew will need to contribute additional capital in order to settle the partnership affairs. This is because Elmer and Drew each contributed $50,000 and $100,000 in capital respectively, while Frank only contributed $25,000. This means that Elmer and Drew will need to contribute additional capital in order to make up the difference and equalize the contributions among the partners.
In conclusion, all of the options in the question are correct, and each partner is responsible for $70,000 of the money owed to creditors. Elmer and Drew will need to contribute additional capital in order to settle the partnership affairs.
To know more about Profits and losses refer here :
https://brainly.com/question/13994286
#SPJ11
the term used to describe the cost of goods transferred from work in process inventory to finished goods invetory is
The term used to describe the cost of goods transferred from work in process inventory to finished goods inventory is cost of goods manufactured.
What is cost of goods manufactured?In managerial accounting, the phrase "cost of goods manufactured" (COGM) relates to a schedule or statement that displays all manufacturing costs incurred by a business over a given time period.
The total cost spent to make goods and transition them into inventory of finished products for retail sale is known as COGM, as the name suggests.
The COGM formula begins with the work-in-progress inventory at the start of the period, adds manufacturing expenses, and deducts the WIP inventory balance at the end of the period.
Learn more about cost of goods manufactured here:
brainly.com/question/17072383
#SPJ11
mr. and mrs. clyde were married for 21 years before the couple divorced 2019. this year, the irs determined that the clydes underpaid their jointly filed 2019 tax by $19,650. in which case would mrs. clyde be relieved of liability for the underpayment under the innocent spouse rule
The case in which Mrs. Clyde be relieved of liability for the underpayment under the innocent spouse rule is that Mr. Clyde was the sole income earner during the entire marriage. Therefore, correct answer is option C.
The innocent spouse rule is a tax code provision that allows a spouse to be relieved of liability for underpayment if certain criteria are met. Under the innocent spouse rule, Mrs. Clyde would be relieved of liability for underpayment if she can show that she did not know and had no reason to know of the underpayment, and that it would be unfair to hold her liable for it.
There are three conditions that must be met to qualify for innocent spouse relief:
First, a joint return must have been filed. Both spouses must have signed and filed the joint return.Second, the understatement of tax must be due to erroneous items of the other spouse. An erroneous item may include unreported income, incorrect deductions, or credits.Third, the innocent spouse must prove that at the time of signing the joint return, they did not know, and had no reason to know, of the understatement.In this case, since Mr. Clyde was the sole income earner during the entire marriage, Mrs. Clyde may be relieved of liability for the underpayment under the innocent spouse rule. Hence, option C is correct.
Note: The question is incomplete. The complete question probably is: Mr. and Mrs. Clyde were married for 21 years before the couple divorced 2019. This year, the IRS determined that the Clydes underpaid their jointly filed 2019 tax by $19,650. In which case would Mrs. Clyde be relieved of liability for the underpayment under the innocent spouse rule? Multiple Choice A) Mrs. Clyde did not read through the Form 1040 before signing the return. B) Mrs. Clyde remarried this year and is now Mrs. Novak. C) Mr. Clyde was the sole income earner during the entire marriage. D) None of these choices are correct.
Learn more about Innocent spouse rule:
https://brainly.com/question/28409082
#SPJ11
In the context of identifying and clarifying information needs for research, one of the essential components of the problem definition process is that _____.
A) decision makers and consumers must agree on the purpose of the research
B) decision makers and researchers must ascertain the relevant variables
C) researchers should question the decision maker's rationale for initiating the research
D) respondents should question a researcher's understanding of the problem at hand
In the context of identifying and clarifying information needs for research, one of the essential components of the problem definition process is that decision makers and consumers must agree on the purpose of the research.
What is the problem definition process? The problem definition process is the phase in the research process during which the research issue or problem is defined, identified, and described. In research, a problem must be carefully defined, and it is frequently framed in terms of the type of information that is required to make a decision. What is the purpose of identifying and clarifying information needs for research?The purpose of identifying and clarifying information needs for research is to help clarify the problem statement or research question. Researchers should determine the question that must be addressed and make certain that it is directly relevant to the problem or topic they are investigating. They should be as concise and clear as possible in order to prevent ambiguity and confusion.
Read more about methodology here:https://brainly.com/question/29781931
#SPJ11
starbucks ran a new ad during the super bowl. the marketing department wanted to know the percentage of people watching the program who were exposed to the ad during the event. starbucks was measuring the blank of the ad.
Starbucks ran a new ad during the Super Bowl. The marketing department wanted to know the percentage of people watching the program who were exposed to the ad during the event. Starbucks was measuring the Reach of the ad.
Reach is a marketing term that refers to the number of people who have been exposed to a particular marketing campaign or message. The reach is expressed as a percentage of the total target audience or people who might have seen or heard the campaign.
For example, if an ad campaign reaches 60 percent of its target audience, it implies that the advertisement was seen or heard by 60 percent of the people who were targeted.
There are three types of reach: Total reach, Effective reach, and Potential reach.
Learn more about marketing reach at https://brainly.com/question/30368107
#SPJ11
suppose that you are a u.s.-based importer of goods from the united kingdom. you expect the value of the pound to increase against the u.s. dollar over the next 30 days. you will be making payment on a shipment of imported goods in 30 days and want to hedge your currency exposure. the u.s. risk-free rate is 5.5 percent, and the u.k. risk-free rate is 4.5 percent. these rates are expected to remain unchanged over the next month. the current spot rate is $2.70. a. whether you should use a long or short forward contract to hedge the currency risk.
To hedge the currency exposure, you should use a short forward contract.
Reason to use a short forward contract :A short forward contract should be used for hedging currency exposure if the investor expects the value of the currency to depreciate. Since the value of the pound is expected to increase against the U.S. dollar, a long forward contract would not be an appropriate hedging strategy. The equation for calculating the forward rate is as follows:
Forward rate = Spot rate x (1 + foreign risk-free rate / 1 + domestic risk-free rate)
Forward rate = $2.70 x (1 + 0.045 / 1 + 0.055) = $2.69
Therefore, the forward rate is $2.69. This is lower than the current spot rate of $2.70, indicating that the pound is expected to depreciate against the U.S. dollar. As a result, the importer should use a short forward contract to lock in the current exchange rate and hedge against currency risk.
Learn more about "Risk-free rate" ; https://brainly.com/question/29886426
#SPJ11
The was created to oversee the provisions of multilateral trade agreements, resolve disputes under the international trade rules, and meet periodically to consider further trade liberalization.
The World Trade Organization (WTO) was created to oversee the provisions of multilateral trade agreements, resolve disputes under international trade rules, and meet periodically to consider further trade liberalization.
What is the World Trade Organization (WTO)? The World Trade Organization (WTO) is a global organization that serves as a forum for member nations to negotiate and enforce multilateral trade agreements. It was created on January 1, 1995, replacing the General Agreement on Tariffs and Trade (GATT). The WTO is an international organization whose primary purpose is to promote and govern international trade by ensuring that its members adhere to trade regulations and agreements.
To that end, the organization supervises the negotiation and ratification of multilateral trade agreements, adjudicates trade disputes, and makes policy recommendations aimed at further liberalizing global trade.
Besides the above functions, the WTO also performs other roles such as administering WTO trade agreements, providing technical assistance and training for developing countries, cooperating with other international organizations, and ensuring transparency in global trade policies.
To learn more about “GATT” refer to the https://brainly.com/question/31032583
#SPJ11