Based only on the following information for Thrice Corp. there will be an Cash increased by $790. The cash will go up.
Option B is correct .
Classification of events as source or cash :Decrease in inventory------- source of cash
Decrease in accounts payable------use of cash
Increase in notes payable ------- source of cash
Increase in accounts receivable------- use of cash
Evaluating :Increase in Cash = Decrease in inventory -Decrease in accounts payable + Increase in notes payable -Increase in accounts receivables
=580-140+580-230
=790
Hence, cash increased by $790
Decrease in inventory :
When a company's inventory is decreasing, it frequently indicates that it is not converting inventory into cash as quickly as it once did. The company ends up paying more for storage, insurance, and maintenance when this happens. A company may produce less product in some instances, resulting in a decrease in inventory.
Is it beneficial to reduce inventory?
There will be less inventory costs. It takes less space in the warehouse. As the risk of loss is reduced, insurance costs are reduced. fewer losses from spoilage, out-of-date or expired products
Incomplete question :
Based only on the following information for Thrice Corp., did cash go up or down? By how much? Classify each event as a source or use of cash.
Decrease in inventory $580
Decrease in accounts payable 140
Increase in notes payable 580
Increase in accounts receivable 230
Multiple Choice
A.Cash decreased by $790
B.Cash increased by $790
C.Cash increased by $1,250
D.Cash decreased by $1,530
E.Cash increased by $1,070
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An example of an effective price ceiling would be the government setting the price of wheat at per bushel when the market price is at $4.25 per bushel. (1.5 Points) 5.0 5.75 3.75 12.0 15.5
The correct option is D. All the price given in the option is above the equilibrium price of $4.25 except $3.75 is not going to be the price ceiling imposed by the government. Hence, the Price Ceiling will be $3.75 which is below our equilibrium price.
A market is any region in which or greater occasions can meet to interact in a monetary transaction—even the ones that do not involve legal gentleness. A market transaction might also moreover comprise goods, services, statistics, foreign money, or any aggregate of those that bypass from one birthday celebration to another.
In elegant, the function of a marketplace is to collect products from scattered resources and channel them to scattered stores. From the factor of view of the seller, dealers channel the call for their product; from the thing of view of the consumer, they bring elements within his obtain. A marketplace is an area wherein buyers and sellers can meet to facilitate the change or transaction of products and services. other examples encompass illegal markets, public sale markets, and economic markets.
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In the context of equal employment opportunity, which of the following is an element of an affirmative action program?a. Prior restraint analysisb. A utilization analysisc. The Lemon testd. The McDonnell-Douglas test
The answer is Utilization analysis, In the context of equal employment opportunity, utilization analysis is an element of an affirmative action program.
What does the term employment mean?The state of holding a paid job—of being employed—is most commonly referred to as employment. To hire someone is to compensate them for their labor. Employees are given jobs by employers. The term "employment" can also refer to the action of hiring someone, as in We're trying to hire more women.
What does "employee" mean in the law?The FLSA defines an employee as "any individual employed by an employer" and includes "to suffer or permit to work" in its definition of employ. The FLSA's definition of employment is extremely broad and is put to the test by "economic reality."
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shampooch has built up an excellent reputation in its local area. during busy periods, customers have to book at least two weeks in advance. as a result, the owners are considering increasing the selling price from £28 to £30 for a fill groom, wash, cut and blow dry.
If 120 dogs are groomed each month, the total variable cost is £960, and the total fixed cost is £1,040. The monthly cost of grooming 120 dogs is £1,000.and price £1960 will be spent grooming 120 dogs each month.
Provide a detailed explanation with a computation?No matter how many dogs are groomed, a fixed cost is one that never changes. The fixed cost would not change whether 100 dogs or one dog were groomed.A variable cost is one that rises as more dogs are groomed.The total cost is the sum of the fixed and variable costs.total cost that is variable.Overall variable costs are calculated by multiplying the number of dogs by the variable cost per dog.
£8 x 120 = £960
Total fixed expenses If 120 dogs are groomed monthly, the cost is £1,000.
Costs in total: £960 + £1000 = £1960
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The following question is incomplete the complete question is as follows:Shampooch is a dog grooming business focused on providing a high quality and professional
service. The selling price for a full aroom, wash, cut and blow dry is £28 per dog with
variable cost of £8 per dog. The fixed costs are 1,000 per month
Activity Calculator
a) the total variable cost if 120 dogs are groomed per month
b) the total fixed costs If 120 dogs are groomed per month
c)the total costs If 120 dogs are groomed per month
A man buys a house for $200, 000. He makes a $50, 000 down payment over the next 10 years. If the interest on the debt 12%, compounded quarterly find (1)size of the quarterly payment. (2) Total amount of the payment and (3) Total amount of interest paid.
The quarterly payment is $218,716.83, The total amount of the payment is $8,748,673.20. The total amount of interest paid is $8,598,673.20.
How to Calculate Interest?Assuming that the remaining $150,000 debt is being paid off over a 10-year period with quarterly payments, we can use the formula for the present value of an annuity to calculate the size of the quarterly payment:
PV = P * [1 - (1 + r/n)^(-n*t)] / (r/n)
where PV is the present value of the debt ($150,000), P is the quarterly payment, r is the annual interest rate (12%), n is the number of compounding periods per year (4 for quarterly), and t is the total number of years (10).
(1) Solving for P:
PV = P * [1 - (1 + r/n)^(-n*t)] / (r/n)
150,000 = P * [1 - (1 + 0.12/4)^(-4*10)] / (0.12/4)
150,000 = P * [1 - (1 + 0.03)^(-40)] / 0.03
150,000 = P * [1 - 0.3146]
P = 150,000 / 0.6854
P ≈ $218,716.83
So the total amount of interest paid is $8,598,673.20.
(2) The total amount of the payment can be found by multiplying the quarterly payment by the total number of payments:
Total payments = P * n * t
Total payments = $218,716.83 * 4 * 10
Total payments = $8,748,673.20
So the total amount of the payment is $8,748,673.20.
(3) The total amount of interest paid can be found by subtracting the original debt from the total payments:
Total interest = Total payments - Original debt
Total interest = $8,748,673.20 - $150,000
Total interest = $8,598,673.20
So the total amount of interest paid is $8,598,673.20.
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An investor has a cash of $10,000,000 at disposal. He wants to invest in a bond with $1,000 nominal value and whose dirty price is equal to 107.457%. What is the number of bonds he will buy?
There will be 9,306 bonds purchased by him.
Principal is $10 million and the par value is $1,000.
The dirty price can be determined as follows:
Briefing:-Dirty Price: $1,000 multiplied by 107.457%, or $1,074.57
The number of bonds that an investor may purchase:
Principal/Dirty Price = $10,000,000/$1,074.57 = 9,306 bonds.
How much money has been put into the company?A direct financial commitment to a project made by a person or a firm, as opposed to borrowing money, is also referred to as a cash investment.
Do investors need to hold cash?It rarely pays to attempt to time the market if you're a long-term investor. Investment returns have always been hampered by cash. This is why methods like dollar-cost averaging, which delay investing a big sum, underperform generally.
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what is the reason of 2Go group inc. has lowest closing price this year 2023 compare for last year's closing price was high
Answer: There could be several reasons why 2Go Group Inc.'s closing price this year (2023) is lower compared to last year's closing price such as trends in the economy, political scenario, government regulations & so on.
Explanation:
Some possible factors that could have contributed to this decrease include:
Economic conditions: If the overall economy is not performing well, it can lead to a decrease in the stock price of companies like 2Go Group Inc.
Company performance: The company's financial performance, including its revenue and earnings, can directly impact its stock price. If 2Go Group Inc. has not been performing as well as investors had hoped, this could have led to a decrease in its stock price.
Industry trends: If the transportation industry is facing challenges, this could also have an impact on 2Go Group Inc.'s stock price.
Competition: Increased competition from other companies in the same industry can also put downward pressure on 2Go Group Inc.'s stock price.
Regulatory changes: Changes in regulations or laws that affect the company's operations can also have an impact on its stock price.
It's important to note that stock prices can be influenced by a variety of factors, and it's not always possible to know for certain why a stock's price has changed. However, by analyzing trends in the economy, industry, and company performance, it is possible to get a better understanding of the factors that may be contributing to the changes in 2Go Group Inc.'s stock price.
_____ is a source of gaining wealth by corporate raiders who benefit by pushing companies to either change their corporate strategy to one that will benefit stockholders, or by charging a premium for these stocks when the company wants to buy them back.
Corporate raiding is a source of gaining wealth by corporate raiders who benefit by pushing companies to either change their corporate strategy to one that will benefit stockholders, or by charging a premium for these stocks when the company wants to buy them back.
The goal of corporate raiding is to increase the value of the target company's stock, allowing the corporate raider to profit by either selling their shares at a higher price or by influencing the company's strategy to benefit stockholders.
One way in which corporate raiders gain wealth is by pushing companies to change their corporate strategy to one that will benefit stockholders. This can involve selling off underperforming assets, cutting costs, or even taking on debt to finance share buybacks or dividends.
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Why do we need to enclose in quotation marks the string values?
Strings are enclosed in single or double quotation marks to show the interpreter that they contain a single value. Quotes are used to represent string literals. For this reason, strings may include a single word or an entire sentence.
What are string values?A string value is nothing more than a group of characters, such as "abc." Quotes are always used around a string value.
All character kinds are accepted (even digits, as in "abc123" ). Any character count is allowed for strings.
Traditionally, a string data type consists of a series of characters, either in the form of a literal constant or a variable.
The latter can either be constant in length or allow its elements to alter (after creation).
To indicate to the interpreter that a string is a single value, strings are contained in single or double quotations.
String literals are represented by quotes. Reason: Strings can include a single word or a full sentence.
There will be a space between each word in this scenario.
Therefore, strings are enclosed in single or double quotation marks to show the interpreter that they contain a single value. Quotes are used to represent string literals. For this reason, strings may include a single word or an entire sentence.
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In Part 2-2 we discussed the business sector and the difference between intermediate goods/inputs and final goods. Which of the following would be considered capital inputs for a law firm? Check the correct answer D Labor Office supplies Legal counsel and advice Company computers O None of these
Final goods are those that have undergone all necessary processing. These items, which are frequently referred to as consumer goods, are made with the idea that the end user will consume them directly.
The products that businesses use to create other products or services are known as intermediate goods. These things are also referred to as producer goods.In other words, intermediate products are used to make final goods or consumer goods, or you might say that they are a part of final goods and are used as inputs in the manufacturing of other commodities.Now let's look at the differences between intermediate and completed goods.The difference between finished and intermediate goods
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NGOs that seek to promote ethical and socially responsible business practices are generating substantial changes in all of the following areas except _____.
A. corporate management
B. business development
C. strategy
D. corporate governance
NGOs that seek to promote ethical and socially responsible business practices are generating substantial changes in all of the following areas except B. business development.
In the term of economy and business, business ethics generally can be defined as the standards for morally right and wrong conduct in business. In the other side, business ethnic also can be defined as a form of applied ethics or professional ethics, that examines ethical principles and moral or ethical problems. Ethnical problems in the business ethnic can arise in a business environment. Business ethnic is an important aspects and it can be applies to all aspects of business conduct.
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An auditor's analytical procedures have revealed that the accounts receivable of a client have doubled since the end of the prior year. However, the allowance for doubtful accounts, as a percentage of accounts receivable remained about the same. Which of the following client explanations most likely would satisfy the auditor?
A) Credit standards were liberalized in the current year.
B) Twice as many accounts receivable were written off in the prior year as compared to this year.
C) A greater percentage of accounts were currently listed in the "more than 90 days overdue" category than in the prior year.
D) The client opened a second retail outlet in the current year and its credit sales approximately equaled the older, established outlet.
The answer is option D) The client opened a second retail outlet in the current year and its credit sales approximately equaled the older, established outlet.
How does a sale work?In a sale, products or services are exchanged for cash as well as other considerations. In other words, a sale is any act that transfers ownership of a good or service to the buyer in exchange for cash.
What do corporate sales actually mean?Sales are all transactions in which money or value is exchanged in order to obtain the right to possess a good or a service. This definition applies to all company operations. A company's revenue from selling goods or services is called as sales in the context of accounting (net sales).
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Present value
You just found out that you had a very eccentric uncle who lived quietly in Staten Island. He left you $25,000. You just saw the movie The Bucket List and have decided that you want to put some money away so that in 12 years, you can start fulfilling items on that list.
With whatever money you have left, you’ll pay off some bills. You have found an investment instrument that will pay 7% interest annually.
Use the scenarios along with the following factor table data to answer each of the questions. Note that the complete Future Value and Future Value Annuity tables (as well as the Present Value and Present Value Annuity tables) are located in the appendix in your text.
Factor Tables
Table of Present Value Factors
Year
Interest Rate
3%
5%
7%
8%
9%
6 .837 .746 .666 .630 .596
8 .789 .677 .582 .540 .502
10 .744 .614 .508 .463 .422
12 .701 .557 .444 .397 .356
15 .642 .481 .362 .315 .275
20 .554 .377 .258 .215 .178
Table of Present Value Annuity Factors
Year
Interest Rate
3%
5%
7%
8%
9%
6 5.417 5.076 4.767 4.623 4.486
8 7.020 6.463 5.971 5.747 5.535
10 8.530 7.722 7.024 6.710 6.418
12 9.954 8.863 7.943 7.536 7.161
15 11.938 10.380 9.108 8.560 8.061
20 14.878 12.462 10.594 9.818 9.129
Present Value of a Single Amount
A) What is the amount you should invest today to have $28,750 in 12 years?
Present Value of an Annuity
Now the 12 years have passed, and you are ready to pull some money out of your fund. You talked to your investment advisor who says you can take this money and move it into a fund that will earn 8% interest annually. And you envision tackling most of your bucket list items over the next 15 years.
B) What is the annual amount you will have to spend for your bucket list activities?
A) You should put aside $12,354.20 now at an interest rate of 7% per year in order to have $28,750 in 12 years. We discover that the present value factor for 12 years at 7% interest rate is 0.444 using the Present Value of a Single Amount table.
Present Value = Future Value / Present Value Factor gives us the amount we should invest now.
Present Value is equal to 28.750/0.444.
Value in the Present ($64,864.86 B) We must determine the present value of an annuity for 15 years at an interest rate of 8% in order to determine the annual amount we may spend on the items on our bucket list. The present value annuity factor for 15 years at an interest rate of 8% is 6.710, according to the Present Value of an Annuity table. Consequently, the annual budget we may set aside for our bucket list activities is as follows:
Payment Annual Amount = 6.710 * $64,864.86 / 15 Annual Amount = Present Value of Annuity * Payment
Amount Per Year = $28,916.89
We can thus spend about $28,916.89 a year for the next 15 years to get things off our bucket list.
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Samsung, an electronics and appliance manufacturer, decides to launch its new line of smartphones on the company's official website to resolve logistics issues that the company has identified. With this modification, its customers can now buy the smartphones directly from Samsung even if they are not available in retail locations near potential consumers. In this case, Samsung focuses on the _____ element of the marketing mix.
Samsung, an electronics and appliance manufacturer, decides to launch its new line of smartphones on the company's official website to resolve logistics issues that the company has identified. With this modification, its customers can now buy the smartphones directly from Samsung even if they are not available in retail locations near potential consumers. In this case, Samsung focuses on the distribution element of the marketing mix.
In the term of business and economy, Marketing mix generally can be defined as a foundation model for businesses, historically centered around product, price, place, and promotion. There are four major elements of marketing mix, such as product, price, place and promotion.
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Assuming that Lucy fraudulently made a misrepresentation regarding the spring running through the corner of the farm knowing the statement was not correct, which of the following is true, considering only the lack of a spring issue, if Marcy does not want to go through with the sale?
A. Marcy may rescind the contract, and she will recover $10,000 in damages which is an amount set by federal law.
B. Marcy may rescind the contract, but she may not recover damages.
C. Marcy may sue for compensatory damages regardless of whether she can establish injury, but she may not rescind the contract.
D. Marcy may rescind the contract, and she may also sue for compensatory damages if she can establish injury.
E. Marcy may rescind the contract and she may also recover damages, but only nominal damages.
B. Marcy may rescind the contract, but she may not recover damages is true, considering only the lack of a spring issue, if Marcy does not want to go through with the sale.
A sale is a serious offer a group of individuals when either tangible or intangible products, services, or assets are swapped for cash. A seller may designed to consider assets in in addition to cash. In the financial system, a sale can also be characterized as a contract between a buyer and a seller specifying the dollar amount and shipping information of a financial security. A sale is fundamentally a contract in between seller of a certain item or service and a buyer whom are willing to pay for said good or service, regardless of the setting.
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T/F according to the resource-based model, a firm is assumed to be a unique bundle of resources, capabilities, and competencies.
The resource-based model assumes that a company is an individual collection of resources, capabilities, and competencies. It's True.
What is a Firm?A firm is a for-profit business that provides professional services, such as a corporation, limited liability company (LLC), or partnership. Most businesses only have one location. A business, on the other hand, is made up of one or more physical locations that are all owned by the same person and use the same employer identification number (EIN).
The term "firm" can be used to describe a wide range of businesses, including finance, consulting, marketing, and graphic design firms, among others. When it is used in a title, "firm" is typically associated with businesses that provide professional services in the fields of law and accounting.
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_____ are products that are bought from one country for use in another just as the U.S. buys wood pulp and timber from Canada.
Group of answer choices
A. Imports
B. Tangibles
C. Tariffs
D. Exports
E. Countertrades
The answer is A. Imports, Imports are products that are bought from one country for use in another just as the U.S. buys wood pulp and timber from Canada.
How Do Imports Work?A product or service that was created in another nation but was purchased in one is an import. The two pillars of international trade are imports and exports. A nation's trade balance, commonly referred to as its trade deficit, is negative if the value of its imports exceeds the value of its exports.
What types of things are imported?Imports may be finished goods like automobiles, TVs, computers, or sneakers or they may be raw commodities like zinc, oil, timber, or cereals. Additionally, they could be services like banking, travel, or insurance. The American and global economies both heavily rely on imports.
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g variation in rbc phenotype is particularly interesting when considering natural selection as the ability to
The variation in the red blood cell (RBC) phenotype is particularly interesting when considering natural selection as the ability to resist pathogens. Here option B is the correct answer.
RBCs play a crucial role in the immune system by transporting oxygen and carbon dioxide, as well as participating in the recognition and elimination of pathogens. The surface molecules on RBCs, such as blood group antigens, can affect the binding and recognition of pathogens, making them a potential target for natural selection.
For example, some blood group antigens, such as the Duffy antigen, can prevent the invasion of red blood cells by the malaria parasite. Individuals who lack the Duffy antigen are more susceptible to malaria, leading to a higher mortality rate in certain populations. This has resulted in natural selection favoring the preservation of the Duffy antigen in areas where malaria is prevalent.
Similarly, the ABO blood group system has been associated with resistance to some infectious diseases. For instance, individuals with blood type O have been shown to have a lower risk of severe cholera, while those with blood type A have an increased risk of severe malaria.
Complete question:
Variation in RBC phenotype is particularly interesting when considering natural selection as the ability to
A) Maintain homeostasis
B) Resist pathogens
C) Reproduce successfully
D) Accumulate mutations
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Todrick Company is a merchandiser that reported the following information based on 1,000 units sold:
Sales $ 480,000
Beginning merchandise inventory $ 32,000
Purchases $ 320,000
Ending merchandise inventory $ 16,000
Fixed selling expense ?
Fixed administrative expense $ 19,200
Variable selling expense $ 24,000
Variable administrative expense ?
Contribution margin $ 96,000
Net operating income $ 28,800
Required:
1. Prepare a contribution format income statement.
2. Prepare a traditional format income statement.
3. Calculate the selling price per unit.
4. Calculate the variable cost per unit.
5. Calculate the contribution margin per unit.
6. Which income statement format (traditional format or contribution format) would be more useful to managers in estimating how net operating income will change in response to changes in unit sales?
Contribution Format Income Statement
Sales (1,000 units) $480,000
Less: Variable Costs:
Cost of Goods Sold $320,000
Selling Expenses 24,000
Administrative Expenses 0
Contribution Margin $136,000
Less: Fixed Costs:
Selling Expenses 19,200
Administrative Expenses 0
Net Operating Income $116,800
What is Traditional Format Income Statement?Generally, Traditional Format Income Statement
Sales (1,000 units) $480,000
Less: Cost of Goods Sold $320,000
Gross Margin $160,000
Less: Selling Expenses 24,000
Administrative Expenses 19,200
Net Operating Income $116,800
Selling Price Per Unit = $480,000/1,000 = $480
Variable Cost Per Unit = $320,000 + $24,000 = $344
Contribution Margin Per Unit = $480 - $344 = $136
The contribution format income statement would be more useful to managers in estimating how net operating income will change in response to changes in unit sales because it provides a clearer view of the impact of changes in unit sales on net operating income.
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Papa's Italian Joint has a promotion for $1 off any large specialty pizza. Ernie's Shop does not have any promotions that reduce the price of pizza. How does the decrease in price of Papa's Italian Joint pizza affect the demand for Ernie's Shop pizza?
In the graph below, show how demand for Ernie's Shop pizza is impacted by shifting the supply or demand curve in the appropriate direction.
The answer is A leftward shift in demand means that at any price, the quantity demanded will be lower than it was before, As Papa's Italian Joint pizza and Ernie's Shop pizza are substitutes so, the price of one substitute falls, the demand for the other will decrease or shift leftward.
What does demand mean in plain English?Demand is the consumer's intention to buy a specific good or service. Market demand is the desire for a specific good in the market. The total demand for goods and services across the economy is known as aggregate demand. The price of the commodity or service is determined by how well supply and demand match.
What is demand and how does it work?Demand Function A demand function is defined as p=f(x), p = f (x), where p represents the unit price and x represents the quantity of the commodity under consideration. A demand function is typically characterized as a decreasing function of x; that is, p=f(x), p = f (x), lowers as x grows.
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Frannie Fans currently manufactures ceiling fans that include remotes to operate them. The current cost to manufacture 10,000 remotes is as follows:Cost Direct materials $ 65,000 Direct labor $ 55,000Variable overhead $ 30,000 Fixed overhead $ 50,000 Total $ 200,000 Frannie is approached by Lincoln Company which offers to make the remotes for $18 per unit. Required: 1. Compute the difference in cost between making and buying the remotes if none of the fixed costs can be avoided. What is the change in net income? 2. Compute the difference in cost between making and buying the remotes if $20,000 of the fixed costs can be avoided. What is the change in net income? 3. What is the change in net income if fixed cost of $20,000 can be avoided and Frannie could rent out the factory space no longer in use for $20,000?
A cost per unit is equal to $3 (180000-150000)/10000. Profit gain (loss) = $ 30,000 A cost per unit is equal to ($1; (180000-170000) /10000. Profit swing (loss) = $10,000 $ 10,000 is a gap in net income (gain).
How much is a cost unit with an example?The cost unit for the steel industry would be the ton, whereas the expense unit for the hotel industry would be the room. The cost center lays this out. In cost units, there are both simple and complex units.
How do I determine the unit cost?The entire number of troops produced is divided by the total cost, which is calculated by adding the variable and fixed costs.
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Using the financial information of ABC Co. below, compute its current ratio for the period.
$ in millions 2019
Current assets $ 520
Current liabilities $ 128
Long-term liabilities $ 250
multiple choice question. 1.38 2.08 4.06 .246
The balance sheet modern-day ratio can be located by way of dividing a company's complete modern belongings in dollar by its total modern-day liabilities in dollars.
2 Total cutting-edge property and total present day liabilities are listed on a preferred stability sheet, with cutting-edge assets generally listed first.
How do you calculate modern-day liabilities when current ratio is given?For example, your formula may also seem like this:
Current liabilities = notes payable + accounts payable + non permanent loans + gathered fees + unearned revenue + contemporary portion of long-term debts + other short-term debts.
Current ratio = modern-day assets / cutting-edge liabilities.
Current ratio tells (a range of times) whether or not a modern-day asset is sufficient enough to be used to pay off the modern-day liabilities of the entity concerned.
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Operational Excellence allows firms to improve how they manage their employees, supply chain, and/or manufacturing processes .
Option A is correct.
Operational excellence:Focusing operational principles, systems, and tools on increasing customer satisfaction with a company's products and services is operational excellence. In order to achieve long-term improvement within an organization, operational excellence is a mindset that embraces a number of principles and techniques. To put it another way, operational excellence is attained when each employee of an organization is able to perceive the flow of value to the customer.
What function does operational excellence serve?Focusing on running a profitable business so that it can deliver value to customers faster, cheaper, and better is their primary responsibility. Excellence in operations is not something extra. It's not a title or job; rather, it's a way of doing things that should be incorporated into all business-related work.
Question incomplete:________ allows firms to improve how they manage their employees, supply chain, and/or manufacturing processes to maximize customer value and sustain competitive advantage.
A. Operational Excellence
B. Reinforcement
C. Niche marketing
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fill in the blank question. a person who receives benefits from a market transaction without having to pay for them is called a(n) rider.
The assertion is accurate. A individual who receives a benefit from a market transaction without having to cover the expense of that advantage is referred to as a rider.
The answer to the fill-in-the-blank question is the given statement. A rider is a person who gains from a market transaction without having to pay for it. A rider is a free-rider or someone who enjoys a thing or service without contributing to its cost or creation in economics. A rider is someone who, for instance, likes watching fireworks from their balcony without paying for the display. Free-ridership is a prevalent issue in the provision of public goods and services since it is challenging to prevent certain people from taking advantage of the advantages. Due to insufficient finance, this may result in underproduction of the good or service, which would be detrimental to society as a whole.
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In the context of active listening skills of salespeople, identify the uses of summarizing a conversation with a customer (pick all that apply)
a. it allows both salesperson and customer to converse in a noisy environment
b. it lets both salesperson and customer use trite words such as nice and good and phrases
c. it lets both salesperson and customer concentrate on the issues that have been discussed
d. it gives both salesperson and customer a quick overview of what has taken place
The answer is option c. it lets both salesperson and customer concentrate on the issues that have been discussed.
What function does a salesperson perform?Simply put, a sales representative represents a company's brand and sells goods or services on its behalf. They oversee client connections and function as the main point of contact from the time a lead is first contacted until a sale is made.
How do you define a salesperson?A salesperson is a person who works to sell products or services. The salesman may be an independent contractor, an employee under a particular statute, a common law employee, or an excluded employee under a particular statute.
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Match the term on the left side with the definition on the right side.
compound interest
annual compounding
semi annual compounding
quarterly compounding
daily compounding
crediting
[Choose ]
[Choose]
[Choose]
[Choose]
[Choose]
[Choose]
Answer:
Explanation:
compound interest Compound interest is the interest you earn on interest
annual compounding interest calculated on an account's principal plus any accumulated interest.
semi-annual compounding the compound interest rate is calculated on the bases of the principal added with the results of the compound interest rate from the previous term's calculation
quarterly compounding the process of computing for the interest earned quarterly on a fixed deposit or investment, computed based on the principal amount plus the interest earned for previous periods
daily compounding means interest is accumulated daily and is calculated by charging interest on principal plus interest earned daily
crediting publicly acknowledges someone as a participant in the production of (something published or broadcast).
(btw i didnt rly know what u meant by crediting causes there's different meanings)
Determine the FW of the following engineering project when the MARR is 15% per year. Is the project acceptable?
Project
Investment Cost $10,000
Expected life 5 years
Market (Salvage) Value* -$1,000
Annual Receipts $8,000
Annual Expenses $4,000
* A negative market value means that there is a cost to dispose of an asset.
The FW of the project is positive, which means that the project is expected to generate a net cash inflow of $3,756.52 in the future. Since the FW is positive, the project is acceptable.
To determine the FW (Future Worth) of the project, we need to calculate the present value of all cash inflows and outflows and then add them up. Since the project has a life of 5 years, we will use the MARR (Minimum Acceptable Rate of Return) of 15% per year as the discount rate.
The cash inflows are the annual receipts, which are $8,000 per year, for 5 years. The cash outflows are the initial investment cost, which is $10,000, the annual expenses, which are $4,000 per year, for 5 years, and the market value at the end of the project, which is -$1,000.
Using the present value formula, we can calculate the present value of each cash flow as follows:
Present value of inflows = $8,000 x ((1 - (1 + 0.15)^-5) / 0.15) = $28,619.44
Present value of initial investment = -$10,000
Present value of expenses = -$4,000 x ((1 - (1 + 0.15)^-5) / 0.15) = -$14,309.72
Present value of market value = -$1,000 / (1 + 0.15)^5 = -$553.20
FW = Present value of inflows + Present value of initial investment + Present value of expenses + Present value of market value
FW = $28,619.44 - $10,000 - $14,309.72 - $553.20
FW = $3,756.52
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Private markets fail to reach a socially optimal equilibrium when positive externalities are present because the:Select one: a. private benefit equals the social benefit at the private market solutionb. private cost exceeds the private benefit at the private market solutionc. social value exceeds the private value at the private market solutiond. private cost exceeds the social benefit at the private market solution
When positive externalities are present because the private cost exceeds the social benefit at the private market solution. Externalities cause market failure because the price equilibrium of a good or service does not fairly reflect the true costs and advantages of that good or service. The answer is OPTION D.
When a positive externality exists, the market produces less of the good or service than is socially desirable because the benefit to society is not realised by the individual. Market outcomes that are inefficient are also a result of positive externalities. Positive externality-affected goods.
However, offer people in society more value than is recognised by those who produce them. When people, households, and Market fail to internalise the indirect costs or benefits of their economic transactions, externalities pose serious issues for economic policy.
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which of the following transactions are examples of prepayments that will require an adjustment at the end of the accounting period on december 31? (select all that apply.)
Beginning in October, a corporation pays a six month insurance premium, On November 1, a business makes a payment for four months advertising advertising inside the Wall Street Journal. (Choices a, c)
What does the term "accounting period" mean?In bookkeeping, the time frame for which there were and income reports are created is known as an accounting period. The accounting period in management accounting varies greatly and is chosen by management. Accounting periods are frequently monthly. The reports or summaries for a certain accounting period include transactions that occurred within a specified calendar range. A reporting or accounting period frequently lasts for a full year.
Complete question: Which of the ensuing transactions is an example of a prepayment that will necessitate an adjustment on December 31 at the conclusion of the accounting period? (Check every box that applies.)
A. At the start of October, a company pays a six month insurance premium.
B. A business pays an electricity bills for costs incurred the month before.
C. On November 1, a business pays for four months of advertisement in the The Wall Street Journal.
D. A financial records interest costs that have accrued but won't be paid until the following fiscal year.
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which of the following would not be considered a direct labor cost in a service firm that uses job-order costing?
Option (b), With job-order costing, direct labor and material charges would not be averaged.
What does a job order cost a service provider?To calculate their costs and how much to charge clients, service businesses might utilize a variety of costing techniques. The job order costing methodology is the most used costing technique in the service sector. Using this technique, costs are ascribed to a particular unit or object. It links costs to a specific service in this instance.
Why would a service company's management feel the need to employ job order costing?The benefit of work order costing is that it enables managers to assess the money produced by particular jobs, which helps them decide whether those jobs are worthwhile to pursue in the future. This works well for companies like consultants and construction firms who deal with a lot of custom work.
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The complete question is:
Which of the following would not be used in job-order costing?
(a). Factory overhead allocation based on direct labor hours applied to the job.
(b). Averaging of direct labor and material rates.
(c). Job cost sheets.
(d). None of these.
Define equity by completing the following statement. Equity is the (creditor's/litigator's/owner's) claim on the assets of a business. In a proprietorship, this claim is reported in the (asset/equity/liability) section of a balance sheet in the (Capital/Revenue/Cash) account.
Equity is the owner's claim on the assets of a business. In a proprietorship, this claim is reported in the equity section of a balance sheet in the Capital account.
What does the term "equity" mean in finance?In finance, relative to a company's or asset's ownership interest. It represents an entity's residual value after all debts and other obligations have been paid. Equity is also referred to as "shareholders' equity" or "owners' equity" because it represents the portion of the assets owned by the entity's shareholders or owners. In the context of a business, equity is the value of the company which belongs to the owners after the debts and liabilities have been paid. It is calculated as the difference between the company's total assets and total liabilities. Equity is further subdivided into common equity and preference shares, which represent different types of company ownership interests.
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