Answer:
The ethics ombudsperson
Explanation:
-The communications manager takes care of making the internal and external messages of the company.
-An ethics philosopher deals with defining what is good and what is wrong.
-The ethics ombudsperson is an official that investigate complaints related to the violation of rights.
-The accommodative manager takes care of making sure that the company functions in an efficient way and that the standards are met.
According to this, the answer is that the ethics ombudsperson can provide guidance when organization members are uncertain about whether an action is ethical because this person invetigates complaints to find out if there is a violation.
Alfred Zeien, former chairman of Gillette, once noted that his company’s Parker Pen unit does not have to develop a special model for Malaysia and Singapore, because shoppers worldwide seek the same things when buying a gift that will serve the recipient as a status symbol. This insight relates to which level of Maslow’s hierarchy of needs?
a. Physiological b. Safety c. Social d. Esteem e. Self-respect
Answer:
d. Esteem
Explanation:
Esteem is the fourth level of Maslow's hierarchy of needs. Esteem is related to self-esteem, self-apperciation, status, and respect by others.
When customers from Malasya and Singapore buy a gift that serves as a status symbol, they are meeting a need that is related to this level. They are trying to improve their self-esteem at the same time that they improve the perception that others have of them.
"The value of both the Dow Jones and Standard and Poor's Averages would be most affected by a change in the:"
Complete Question:
The value of both the Dow Jones and Standard and Poor's Averages would be most affected by a change in the:
A. transportation stocks
B. financial stocks
C. utility stocks
D. industrial stocks
Answer:
The value of both the Dow Jones and Standard and Poor's Averages would be most affected by a change in the:
D. industrial stocks
Explanation:
The Dow Jones Industrial Average is made up of 30 selected companies from different industries. These companies are meant to represent the other companies in their various industries. They are usually selected from the S&P 500. On its own the S&P 500 are the 500 largest publicly traded companies. Since the Dow Jones Industrial Average are mainly industrial stocks, one can comfortably conclude that "the value of both the Dow Jones and Standard and Poor's Averages would be most affected by a change in the industrial stocks."
If a market is in long-run equilibrium, which of the following conditions will be present in a competitive price-taker market but absent from a competitive price-searcher market? A. P = ATC B. MR = MC C. P = MC D. MR < P
Answer:
Condition "P = MC"
Explanation:
The condition “P=MC” is present in the price taker market but is absent in the competitive price searcher market because in the price taker market price line is equal to marginal revenue line and marginal revenue curve cuts the MC curve then at that point P = MC = MR. but in the other market price can be equal to ATC but it does not equal to MC.
The net present value of a project is ______. the present value of the project’s projected annual tax savings the present value of the project's salvage value used in determining whether or not a project is an acceptable capital investment the difference between the present va
Answer:
Used in determining whether or not a project is an acceptable capital investment
The difference between the present value of cash inflow and cash outflow of a project
Explanation:
Net present value of a project is an investment appraisal tool that is used in determining the value of all future cash flow that will be generated by a project in order to know the project with maximum profit even right from the onset.
The is done by discounting the present and the future cash flow to the present value and the differences highlighted.
One of the key purpose of the net present value of projects is that it points out whether a project will be an acceptable capital investment or not. When the net present value of cash inflow is greater than the cash outflow, it is indicates a profitable project and vice versa.
The net present value (NPV) of a project is the difference between the present value of its cash inflows and the present value of its cash outflows. It represents the total value added or subtracted by the project over its lifespan, taking into account the time value of money.
What makes it define the net present value?1. The net present value is not specifically the present value of the project's projected annual tax savings. Tax savings may be included as part of the cash inflows or outflows, depending on how they are affected by the project.
2. The net present value is also not solely the present value of the project's salvage value. The salvage value is the estimated residual value of an asset at the end of its useful life, and it is typically considered as a cash inflow when determining the project's NPV. However, NPV takes into account all cash flows, not just the salvage value.
3. The last option is cut off and incomplete, so it is not clear what the full statement is. However, the net present value is calculated as the difference between the present value of cash inflows and cash outflows, as mentioned earlier.
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Use the following selected 2016 balance sheet and income statement information for Home Garden Supply Co. (in millions) to compute asset turnover (AT) to the nearest hundredth of a percent.
Net income Gross profit on sales Average total assets Sales Tax rate on operating profit
$69,960 $700,400 $360,600 $1,356,504 35%
Select one:
a. 5.16%
b. 9.99%
c. 51.63%
d. 33.56%
Answer:
3.76 times
Explanation:
The computation of the asset turnover is shown below:
Asset turnover = Net sales ÷ Average total assets
= $1,356,504 ÷ $360,600
= 3.76 times
By dividing the net sales from the average total assets, the asset turnover could arrive i.e 3.76 times
This is the answer but the same is not provided in the given options
An agreement between a principal and an agent by which the agent is vested with authority to represent the principal is known as a ________
Answer:
Contract of agency
Explanation:
The contract of agency refers to a legal contract in which the two party relationship existed, the one party would be acted as a representative for the other person who is dealing in a business to establish a contractual relationship between the other person and with the third person
Therefore the given situation is known as the contract of agency and hence the same is to be considered
Liu files a suit against Macro Sales, Inc., in a New Jersey state court based on a Web site through which New Jersey residents can do business with Macro. The court will most likely exercise jurisdiction over Macro if the interactivity of the site is seen as
Answer:
A substantial enough connection with the state.
Explanation:
Since in the question it is mentioned that the Liu filed a suit for Macro sales in a state court that depends upon a website in order to do a business between the New jersey residents and macro. The court also exercise the jurisdication above Macro as if the site interactivity i.e output is depend upon the inputs done seen as sufficient connection with the state
The same is to be considered
The period of delinquency allowed before a lender begins foreclosure proceedings is determined by statute. the secondary mortgage market. investors. the lender.
Answer: The lender
Explanation: Foreclosure proceeding involves the steps a lender takes in the process of seizing or selling a property in a bid to recover the payment or amount owed by a loan defaulter. The foreclosure proceeding involves different processes and will only begin when the mortgage is delinquent. Delinquency due to failure to make an agreed payment on a mortgage. This period is usually determined by the lender and the foreclosure proceeding will begin if the payment is not made before the period.
Finance professionals make decisions that fall into three distinctive areas: corporate finance, capital markets, and investments. Below is a set of decisions made by finance professionals. Categorize the decisions according to the area of finance to which they belong.
a. Managers at a bank need to decide on the interest rate that they must charge for the loans that they make to their prime customers.
b. William must make a decision on how to cut costs so that his company can generate extra cash flow to acquire assets.
c. As a technical trader, you will be analyzing investor psychology and making investment decisions based on how investors behave during certain situations.
Answer:
The correct categories are;
a. Managers at a bank need to decide on the interest rate that they must charge for the loans that they make to their prime customers- Capital markets
b. William must make a decision on how to cut costs so that his company can generate extra cash flow to acquire assets - Corporate finance
c. As a technical trader, you will be analyzing investor psychology and making investment decisions based on how investors behave during certain situations - Investments
Explanation:
a. Capital market is a system of financing that has to do with the putting up of capital by means including the buying ad selling of long term depth and securities
b. Corporate finance is the financial division concerned with the manner of handling of funding sources of the corporation
c. Investment involves ideas relating allocating funds for a purpose or for a project
The risk associated with the unlikelihood that one of the key members will be struck by lightning would most likely be handled by which of the following?
A) Mitigating
B) Retaining
C) Ignoring
D) Transferring
E) Avoiding
Answer:
B) Retaining
Explanation:
The risk retaining refers to the risk in which the company takes the decision that represents the responsibility for some specific risk i.e. opposed to the risk transfer over and above to the insurance company
Here the risk retain is adopted when the doing cost is less than the fully or partially cost
In the given situation, since it is mentioned that the risk is attached with the unlikelihood and struck from lighting so this is to be handled by retaining
hence, the correct option is B. Retaining
Not all goods are normal goods. If the demand for a good rises when income falls, the good is called an ________ ________. An example of this kind of good might be bus rides. As your income falls, you are less likely to buy a car or take a cab and more likely to ride a bus.
Answer:
Inferior good
Explanation:
An inferior good is a good for which demand rises when income falls and demand falls when income rises.
on the other hand, Normal goods are goods that are goods whose demand increases when income increases and falls when income falls
"An offer of IPO shares made to an officer of a publicly held company is considered to be spinning if the publicly held company is:"
Answer: an investment banking client of the broker-dealer
Explanation: An offer of Initial Public Offering (IPO) shares made to an officer of a publicly held company is considered to be spinning if the publicly held company is an investment banking client of the broker-dealer.
Spinning considered both illegal and unethical defines the act of offering preferred customers shares in an IPO by a brokerage firm or underwriter in order to keep or obtain their business, thus benefiting both parties as it gives the firms and underwriters an opportunity to keep the business favorable and also making huge gains, while the preferred customers profit by investing in hot IPO shares of stock. If detected, it could lead to heavy fines for these business and/customers.
Sun Inc. assigns $6,000,000 of its accounts receivables as collateral for a $2 million 8% loan with a bank. Sun Inc. also pays a finance fee of 1% on the transaction upfront. What would be recorded as a gain (loss) on the transfer of receivables
Answer:
The answer is: Assigning accounts receivables as collateral for a bank is not a asset transfer.
Explanation:
Even as the bank offers Sun Inc. with a factoring limit, the accounts receivables are still in the firm's accounting book. The firm has the obligations to go after their debtors for collections. The account receivables are transferred to creditors when a company becomes defaulted or bankrupted.
A boss tells her employee, "If you don't get me those figures in the next five minutes, you're fired!" This is an example of which type of power?
Answer:
Coercive power
Explanation:
This boss is exercising coercive power. Such a power stems from a place of authority. The boss is hereby using force to ensure that this employee follows orders. In a situation whereby the employee fails to do what is expected of him, such a boss has the power to punish this boss for not complying with set instructions. This type of power can be used to make sure that Employees remain disciplined in an organization.
Company ABC makes kitchen appliances that have many features in great demand by professional chefs whose only interest is in the foods they can produce. Based on its customers, ABC should try to dominate the market in a. delivery area. b. quantity. c. price. d. quality.
Answer:
d. quality.
Explanation:
-Delivery area refers to the places in which the appliances can be delivered.
-Quantity refers to the amount of appliances that the company can produce and sell.
-Price refers to the amount of money that customers would pay for the appliances.
-Quality refers to the degree in which the appliances can meet the customer's requirements.
According to this, the answer is that based on its customers, ABC should try to dominate the market in quality because its products meet the expectations of professional chefs and that should be market to focus on as the company can have an important advantage by providing exactly what they need.
The other options are not right because professional chefs are interested on what they can do with this appliances and not on price, quantity or delievery area.
At times, the woman's shelter at St. Mary's Catholic Church has rental units open to the public. Are they allowed to advertise for female renters only?
Answer:
Explanation:
When placing ads regarding to the renting of livable units the ads must not state any kind of preference or limitation of any individual based on that individual's gender (or any other protected characteristic in most cases) unless the ad is specifically describing shared living areas or homes used exclusively as dormitories by educational institutions. Otherwise, it would be considered discrimination. In cases where the units being rented are shared living areas, it is ok due to the privacy needs of each gender.
Assume the following unadjusted account balances at the end of the accounting period for Chocolate Brownie Palace: Accounts Receivable, $90,000; Allowance for Doubtful Accounts, $1,000 (credit balance); and Sales revenue $600,000. If Chocolate Brownie Palace ages the accounts and determines that $5,000 of receivables may be uncollectible, the adjusting entry should be:
Answer:
Bad debt expenses = $4,000
Explanation:
Debit Credit
Bad debt expense $4,000
Allowances for doubtful accounts $4,000
Workings
= $5,000 of receivables - $1,000 of Allowance for doubtful account
= $4,000
For the three statements below, assert whether they are true or false. Any sort of uncertainty or anything that breaks the statement implies that you should choose false. Explain your answer. a. The only way that the Fed can affect the level of borrowed reserves is by adjusting the discount rate. b. The federal funds rate can never be above the discount rate. c. The federal funds rate can never be below the interest rate paid on reserves.
Answer: False; True; True.
Explanation:
a. The only way that the Fed can affect the level of borrowed reserves is by adjusting the discount rate.
False. This is not true as the Fed can't control the borrowed reserves volume even though it is possible to encourage or discourage them to borrow reserves when the discount rate is altered.
b. The federal funds rate can never be above the discount rate.
True. The federal funds rate can never be above the discount rate
c. The federal funds rate can never be below the interest rate paid on reserves.
True. It is also true that the federal funds rate can never be below the interest rate paid on reserves.
If ABC Title Insurance Company wants to get in the business of handling escrows what licenses would it have to obtain?
A) A title company does not need to obtain a special license to handle escrows.
B) A title company is not permitted to handle escrows in any capacity.
C) If the title company has been in business for a minimum of 5 years, it may handle escrows without a special license.
D) If the title company has been in business for a minimum of 10 years, with annual audits for review by the State of California, it does not need to be specially licensed to handle escrows in California.
Answer:
The correct option is;
A) A title company does not need to obtain a special license to handle escrows
Explanation:
Escrow is a legal tool of finance that enable two parties in a transaction that is in the process of being completed to place asset or escrow money in the possession of a third party on their behalf for the purpose of the transaction
Items that can be held in escrow accounts includes money, securities, and other forms of assets
A provider of escrow services must be licensed in some states. Bodies that do not need to be licensed in order to perform escrow services includes attorneys of persons involved in a real estate transaction, commercial banks, trust companies, savings and loans or insurance companies, title companies as well as brokers mandated to perform escrow service for their client who are into real estate.
A nonprobability sampling technique in which an initial group of respondents is selected and subsequent respondents are selected based on the referrals or information provided by the initial respondents is called:________
Answer: snowball sampling
Explanation:
Snowball sampling is a nonprobability sampling technique in which an initial group of respondents is selected and subsequent respondents are selected based on the referrals or information provided by the initial respondents.
It should be noted that in snowball sampling, after the respondents have been interviewed, theywould be told asked to help identify other people
that also belong to the target population.
Spielberg Inc. signed a $200,000 noninterest-bearing note due in five years from a production company eager to do business. Comparable borrowings have carried an 11% interest rate. What is the value of this debt at its inception
Answer:
$118,690.27
Explanation:
The value of the non-interest-bearing note at the inception is the present value of the amount receivable in 5 years using the comparable borrowing rate as the discount rate as computed thus:
PV=FV/(1+r)^n
PV is the value of debt at inception which is unknown
FV is the value of the debt after 5 years which is $200,000
r is the comparable borrowing rate of 11%
n is the number of years before the debt matures i.e 5 years
PV=200,000/(1+11%)^5
PV=$118,690.27
You are doing a sales presentation for Ms. Duarte and her son. Ms. Duarte has some cognitive impairment and her son informs you that he has power of attorney to only make financial not health care decisions for her. Can he execute the enrollment for her?
Answer:
Yes he can execute the enrollment for her
Explanation:
The power of attorney is a legal document that given the authority to act in place on another person. It can be represented on behalf of other people so that the act could be done.
Here the individual can act legal with respect to the financial issue, property matters, etc
Therefore according to the given situation yes he can be executed
Answer: No, he cannot execute the enrollment for her. He must have a legal authorization, under state law that explicitly allows him to make health care decisions for his mother.
Explanation:
Consider a market where production of a good generates a negative externality. In the market equilibrium:_________.a. there is no deadweight loss. b. firms are not maximizing profit. c. too little of the good is being produced. d. too much of the food is being produced e. the external costs have been internalized,
Answer:
d. too much of the good is being produced
Explanation:
A good has negative externality if the costs to third parties not involved in production is greater than the benefits. an example of an activity that generates negative externality is pollution. Pollution can be generated at little or no cost, so they are usually overproduced. Government can discourage the production of activities that generate negative externality by taxation
"On July 8, 2010, LeBron James, a star in the National Basketball Association, announced that he was going to sign with the Miami Heat. The Heat was not the team that was willing to pay the most for LeBron's services, but it acquired him anyway. This is a violation of:"
Answer:
Allocative Efficiency
Explanation:
Allocative efficiency takes place when the consumer's preference towards a particular good is the most which are measured by their willingness to pay to get it. This leads to achieving the optimum distribution.
In the given scenario, allocative efficiency is violated as Miami Heat is going to sign their desired product i.e. LeBron James who is a star player but they were not willing to pay the maximum to get him and rather got him anyway. Thus, the optimal distribution is not achieved.
Jerry and Julie are brother and sister. Jerry sold stock to Julie for $5,000, its fair market value. The stock cost Jerry $10,000 five years ago. Also, Jerry sold Carol (an unrelated party) stock for $2,000 that cost $10,000 three years ago. What is Jerry's recognized loss before the $3,000 capital loss limitation
Answer: $8000
Explanation:
From the question, we are informed that Jerry and Julie are brother and sister and that Jerry sold stock to Julie for $5,000, its fair market value.
We are further told that the stock cost Jerry $10,000 five years ago and that Jerry also sold Carol (an unrelated party) stock for $2,000 that cost $10,000 three years ago.
Jerry's recognized loss before the $3,000 capital loss will be difference between $10,000 which was the cost and the 2000 which Jerry later sold it for. This gives:
= $10,000 - $2000
= $8000
Texas ranks _________ in terms of state spending per capita, and it ranks _________ in terms of how much money it gets from the federal government per capita.
Answer:
Low, high
Explanation:
Texas ranks low in terms of state spending per capita, and it ranks high in terms of how much money it gets from the federal government per capita.
Texas has for long been a low-spending state, often at the expense of some of the most necessary services. The two greatest areas of spending at the state level are public education and health and human services, which together sum up more than half of the state’s All-Funds and General Revenue budgets. Yet, Texas ranks near the bottom in education spending per student and health care spending per patient.
Environmental scanning is the act of analyzing the critical external contingencies facing an organization in terms of:
Answer:
Economic conditions, competitors, and customers.
Explanation:
Environmental scanning is the act of analyzing the critical external contingencies facing an organization in terms of economic conditions, competitors, and customers.
Environmental scanning is a management strategy that focuses on systematically acquiring informations about occasions, trends, events or patterns through surveys and analysis of these information in an organisation's external and internal environment. The informations acquired through environmental scanning is then used by the executive management in strategically planning the organisation's future and exploitation of available opportunities for the success of the organization.
The internal environmental scanning offers an organization strength and weakness while the external environmental scanning provides information about opportunities and threats.
Generally, the external environmental scanning gives an overview of the opportunities in the market as well as potential threats to an organization.
A carton of eggs broke onto the floor in the dairy section, making the floor slippery. Little Johnny slipped, fell, and hit his head on the floor, causing a cut and mild concussion. The grocery store incurs___________liability for his injuries.
a) premises.
b) operational.
c) professional.
d) product.
Answer:
premises
Explanation:
The grocery store incurs premises liability for his injuries. This form of liability is a legal concept that has to do with personal injuries that have been caused by some form of unsafe or defective conditions on someone's property, usually due to negligence. This is exactly what happened in this scenario since it was negligent of the store to not have cleaned up the mess made by the broken eggs which ultimately caused Johnny to fall.
From the information given, the grocery store incurs premises liability for his injuries.
Premises liabilityIt should be noted that premise liability comes into play in personal injury cases when an injury is caused by some type of unsafe condition on someone's property.
Since the carton of eggs broke onto the floor in the dairy section, making the floor slippery, the grocery store incurs premises liability for his injuries.
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Shawnee Motors Inc. assembles and sells MP3 players. The company began operations on August 1 and operated at 100% of capacity during the first month. The following data summarize the results for August:
Sales (19,500 units) $2,535,000
Production costs (25,000 units):
Direct materials $1,202,500
Direct labor 577,500
Variable factory overhead 287,500
Fixed factory overhead 192,500 2,260,000
Selling and administrative expenses:
Variable selling and administrative expenses $350,300
Fixed selling and administrative expenses 135,600 485,900
If required, round interim per-unit calculations to the nearest cent.
Required:
a. Prepare an income statement according to the absorption costing concept.
b. Prepare an income statement according to the variable costing concept.
Answer:
a.Income statement according to the absorption costing concept.
Sales (19,500 units) $2,535,000
Less Cost of Goods Sold
Opening Stock $0
Add Cost of Goods Manufactured $2,260,000
Less Closing Stock ($497,200) ($1,762,800)
Gross Profit $772,200
Less Expenses :
Variable selling and administrative expenses ($350,300 )
Fixed selling and administrative expenses ($135,600)
Net Income / Loss $286,300
b.Income statement according to the variable costing concept.
Sales (19,500 units) $2,535,000
Less Cost of Goods Sold
Opening Stock $0
Add Cost of Goods Manufactured $2,067,500
Less Closing Stock ($454,850) ($1,612,650)
Contribution $922,350
Less Expenses :
Fixed factory overhead ($192,500)
Variable selling and administrative expenses ($350,300 )
Fixed selling and administrative expenses ($135,600)
Net Income / Loss $244,100
Explanation:
Absorption Costing
Cost of Goods Manufactured - Absorption Costing
Direct materials $1,202,500
Direct labor $577,500
Variable factory overhead $287,500
Fixed factory overhead $192,500
Total $2,260,000
Inventory = (25,000 - 19,500) / 25,000 × $2,260,000
= $497,200
Variable Costing
Cost of Goods Manufactured - Variable Costing
Direct materials $1,202,500
Direct labor $577,500
Variable factory overhead $287,500
Total $2,067,500
Inventory = (25,000 - 19,500) / 25,000 × $2,067,500
= $454,850
Who is the most famous person currently in 2020????
Answer:
Cristano ronaldo
Lionel Messi
Donald trump