Answer:
arc price elasticity = -1.64
Explanation:
arc price elasticity = (change in quantity x average price) / (change in price x average quantity)
change in quantity = 7,400 - 10,000 = -2,600 unitsaverage price = ($2.50 + $3) / 2 = $2.75change in price = $3 - $2.50 = $0.50average quantity = (10,000 + 7,400) / 2 = 8,700 unitsarc price elasticity = (-2,600 x $2.75) / ($0.50 x 8,700) = -7,150 / 4,350 = -1.64
Concord Corporation produces several products that can be sold at the split-off point or processed further and then sold. The following results are from a recent period: Product Sales Value at Split-off Additional Variable Costs Sales Value after Further Processing Green lumber $159600 $24000 $178000 Rough lumber 126000 28500 176400 Sawdust 106000 20300 134400 What is the increase in profit if the appropriate products are processed further?
Answer:
only two products should be processed further because they will generate additional profit:
further processing rough lumber generates $21,900 in additional profitsfurther processing sawdust generates $8,100 in additional profitstotal additional profits = $30,000Explanation:
Product Sales value Additional var. Sales value after
at split-off costs further processing
Green lumber $159,600 $24,000 $178,000
Rough lumber $126,000 $28,500 $176,400
Sawdust $106,000 $20,300 $134,400
the additional profits generated by further processing are:
green lumber = ($178,000 - $159,600) - $24,000 = -$5,600
rough lumber = ($176,400 - $126,000) - $28,500 = $21,900
sawdust = ($134,400 - $106,000) - $20,300 = $8,100
An IAR (Investment Adviser Representative) is employed by a Registered Investment Adviser in a State. The IAR has a young, wealthy, client with an investment objective of aggressive growth. To meet the objective, the IAR engages in active trading strategies, using an outside broker to effect the trades at a discounted rate. The IAR receives a small payment from the broker for these trades. Which statement is TRUE
Correct/Complete Question:
An IAR (Investment Adviser Representative) is employed by a Registered Investment Adviser in a State. The IAR has a young, wealthy, client with an investment objective of aggressive growth. To meet the objective, the IAR engages in active trading strategies, using an outside broker to effect the trades at a discounted rate. The IAR receives a small payment from the broker for these trades. Which statement is TRUE?
A. Because the payment received by the IAR is small, there is no requirement to notify the client of the payment arrangement with the executing broker
B. Because the client has an investment objective of aggressive growth, requiring an active trading strategy, there is no requirement to notify the client of the payment arrangement with the executing broker
C. The IAR must notify the client of the payment arrangement with the executing broker
D. The IAR must notify RIA of the payment arrangement with the executing broker
Answer:
C, The IAR must notify the client of the payment arrangement with the executing broker.
Explanation:
It is important that the IAR notifies the client of the payment arrangement with the executing broker. This is because the client has the right to know everything that is happening with his stocks that is being traded.
This also helps to put the IAR in good light.
Cheers
Activities that generate external costs will likely be carried out at levels that _____ those that would be efficient.
Answer:
exceed
Explanation:
In simple words, External losses (also recognized of externalities) relate to the economic definition of uninsured environmental or social impacts. Of example , when people purchase gasoline for a vehicle, they charge for the manufacture of the gasoline (internal expense), though not for the expense of consuming the gasoline, like environmental pollution.
Thus, such costs usually occur when the activities are carried at a level upon their efficiency leading to exploitation and degradation of other resources of use.
A Fractional Factorial experiment uses _________ of combinations from a Full Factorial experiment. They are applicable when there are too many inputs to screen practically or cost or time would be excessive.
Answer: subset
Explanation:
A fractional factorial experiment utilizes subset of combinations that are gotten from the full factorial experiment. They are applicable when there are too many inputs to screen practically or cost or time would be excessive.
Also, using the fractional factorial experiment makes running the experiments faster and cheaper.
Because there are a variety of factors in addition to inflation that affect exchange rates, this will
Available Options Are:
A. Reduce the probability that PPP shall hold.
B. Increase the probability that PPP shall hold.
C. Increase the probability the IFE will hold.
D. B and C
Answer:
Option A. Reduce the probability that PPP shall hold
Explanation:
The reason is that Purchasing Power Parity Theory assumes:
Perfect Market Conditions, No Trade Barriers exist.No Transaction Cost exists.No technological dominance of other countriesFree Trade across the worldThese are some factors that will definitely affect the reliability of the theory. Hence these assumptions are unrealistic and it is obvious that the model will not hold true because of these unrealistic assumptions and other factors like interest rate, government debt, recession, etc.
Hence the option A is correct here.
If Option A is correct then Option B is incorrect because is totally opposite.
Option C is incorrect because it assumes that their are no external factors that will be affecting the exchange rate which means that the exchange rate is not controlled by the government. This means it only holds for long term and not for short term. Hence the Option C is incorrect.
A 50 year old individual leaves a corporate employer and receives a $50,000 lump sum distribution from the pension plan. He rolls over $30,000 of the funds within 60 days into an IRA and deposits the rest to his checking account. The individual pays:___________
Answer:
The individual pays tax on the $20000 not roll over
Explanation:
A roll over is the withdrawal of cash or other assets from a retirement plan and then using part or all of it within 60 days into another retirement plan. Roll overs are not taxable.
The individual receives $50000 and rolls over $30000 of his funds. The roll over fund is considered as an income but it is not taxable since it was done within 60 days therefore the individual is tax on the money which was not roll over.
Money not roll over = $50000 - $30000 = $20000
Therefore the individual pays tax on the $20000 not roll over
Goods and services are purchased by businesses as well as by individuals. O a. True O b. False
Answer:
true
they are e.g like our capitalists
One reason given for the decline in the number of U.S. Workers employed in manufacturing is that manufacturing firms in the U.S. Have become more efficient.
Answer: True
Explanation:
The reason There have been a high decline in numbers of workers employed in the manufacturing industries is as a result of advancement in Technology, this technology had made work more efficient, faster, reliable and more productive. Which has result in the need of fewer workers to man this machines.
In its 20X3 financial statements, Cris Co. reported interest expense of $85,000 in its income statement and cash paid for interest of $68,000 in its cash flow statement. There was no prepaid interest or interest capitalization either at the beginning or end of 20X3. Accrued interest at December 31, 20X2, was $15,000. What amount should Cris report as accrued interest payable in its December 31, 20X3, balance sheet
Answer:
$32,000
Explanation:
Calculation for the amount of accrued interest payable that should be reported
Using this formula
Accrued interest payable=Interest expenses- (Cash paid for interest -Accrued interest )
Let plug in the formula
Accrued interest payable=$85,000-($68,000-$15,000)
Accrued interest payable=$85,000-$53,000
Accrued interest payable=$32,000
Therefore the amount of accrued interest payable that should be reported will be $32,000
When signing a lease for a retail space, it's important to make sure the lease has a _______ clause, which releases the tenant from the lease if sales don't reach an agreed-upon amount. A.tenancy B.bail-out C.co-tenancy D.bankruptcy
Answer:
Option B (bail-out) is the correct approach.
Explanation:
For something like a variable annuity, a clause states that even though the investment on either the annuity happens to fall underneath a specified amount, the insured person will make additional withdrawal effects through loss.It eliminates the owner from those in the contract unless the transactions do not exceed a sum negotiated upon.Some other available choices do not apply to the types of situations in question. So that the argument presented above should be appropriate.
Answer:
The answer is most definitely B.bail-out : )
Explanation:
Especially for retail space, be sure your lease includes a bail-out clause, which lets you out of the lease if your sales don’t reach an agreed-on amount, and a co-tenancy clause so you can break the lease if an anchor store closes or moves. If you have to do a lot of work to get the space ready for occupancy, consider negotiating a construction allowance—generally $10 to $25 per square foot—to help offset the costs.
Magnira Corp., a small-scale e-learning firm, recently bought a three-year license of a cloud-based software. The software provides email services and social networking services on a secure platform. In this scenario, it is evident that Magnira Corp. has incurred _____.
Answer: Communication cost
Explanation:
All or most server companies do allocate some form of liscence to their clients to browse the internet and use some internet tools for space of a period time. This service could either provide internet service or more depending on the cost and the kind of package that was bought. The process of acquiring this could be known as communication cost.
When an organization pays more for completing certain tasks, not just for being there and being loyal to the firm, the organization pays more for ______.
Answer: Performance
Explanation:
Many organizations reward excellence and effort. They consider what each person or team put in place to see that there is success in the task. Asides the normal allowance that would be given, those who are outstanding in their performance would be tipped other renumeration for how well they did. This is to encourage them to do more for further task ahead.
Of the common core capabilities that serve to unify the mission areas, which provides a complete and integrated picture of the sequence and scope of the tasks to achieve objectives?
Answer:
Planning
Explanation:
The process that accomplishes this is known as Planning. This is the process of thinking and outlining all specific activities and materials that are required in order to achieve the desired goal, as well as the specific step by step sequence and importance level of each step. Thus, allowing the entire project/vision to be seen by everyone so that everyone knows what they are working towards.
"A customer who earns $80,000 per year is 35 years old, married to a non-working spouse, has a 5-year-old child, has no retirement savings and does not have a will. This customer receives $250,000 in a single stock as an inheritance from her deceased aunt. What is the first thing that the customer should do?"
Answer:
It should diversify the stock position.
Explanation:
The first thing the customer should do is that it should diversify the stock position because it is a single stock holding and it must be diversified this stock. One thing that is the main concern for the customer that he does not have any retirement savings and he has only inheritance stock. If the market situation becomes adverse then he may face huge losses because he is a single stock holding. However, the diversification will reduce the risk of loss so he should diversify it.
A marketing manager has discovered that relevant, internal secondary data don't exist to support a decision process. The next step the manager should take is to
Answer: Look for external sources for the relevant data
Explanation:
To get some process accomplished in some firms, you might not really have all information available to you when carrying out the task, some which you thought to help might not be capable to carrying out the task. One fo the best thing to do is to source for information outside the information you received for the project to complete the task you have at hand. As the manager, you have to source for external information to complete the task.
The procedure that best discourages the resubmission of vendor invoices after they have been paid is
Answer:
The cancellation of vouchers by treasurer personnel
Explanation:
When a business uses vendors for some of its service needs there is the possibility of paying vendors twice for the same service of invoice is submitted twice.
The treasurer is the person that disbursed funds to vendors for services rendered. He is tasked with cross checking if payments are duplicated.
To avoid this it is best to have the treasurer personnel cancel vouchers that have been paid.
This will provide an effective check on duplicate payments.
Six firms are currently producing and selling in a market. When two of the six firms exit the market, economists expect that the equilibrium price will ________ and the equilibrium quantity will ________.
Answer:
Increase and Decrease are the right answers.
Explanation:
The equilibrium price(p) will “Increase or rise” and the equilibrium quantity(Q) will “decrease or fall” because currently there are six firms in the market and these firms producing and selling in the market. If the two firms exit the market then only 4 firms will remain in the market. Therefore the supply will decrease and the supply (S) curve will shift towards leftwards. This shift in the supply curve increases the equilibrium price and decreases the equilibrium quantity.
A group of customers is drinking alcohol in your business and one of them has been identified as the designated driver. As a server, you:
Cut of alcohol
Explanation:
If they drink mre they are likely to becom drunk and migjt get into an accident
Answer:
Limit the amount they can drink, if at all
Explanation:
You want to make sure they are able to drive by the time they leave
A mutual fund invested in bonds with medium-length maturities. As the bonds matured, the fund reinvested the proceeds and purchased long-term bonds with maturities of up to 20 years. What might have happened to the fund if the reinvestment had occurred during a period when interest rates were rising
Answer:
III and IV
Explanation:
As if the greatest the number of years for maturity, the chances of the risk is high also the long term bonds contains the high rate of interest as compared with the medium or short term bonds
Also if the fund replace with the medium to long term so the rate of interest could be highly charged that earned more income also if the rate of interest is increased the yield also increased
So based on the given option, the third and fourth option is correct
One difference between financial and managerial accounting is that the external users that use financial information must plan a company's future, but the internal users of managerial accounting information generally must decide whether to invest in or lend to a company.
a. True
b. False
Answer:
False
Explanation:
The internal users of financial information are those people with an organisation that makes use of financial information.
they include :
The board of directorsEmployeesManagers.The external users of financial information are those who aren't within an organisation that makes use of financial information.
They include :
InvestorsLendersGovernment Regulatory bodiesExternal users of financial information use financial information in making decisions of whether to invest in or lend to a company
As part of its integrated marketing communication strategy, Taco Bell utilized commercials aired during the Super Bowl. This form of ________ has an extremely large reach and hefty price tag.
Answer:
Advertising
Explanation:
As part of its integrated marketing communication strategy, Taco Bell utilized commercials aired during the Super Bowl. This form of advertising has an extremely large reach and hefty price tag.
Utilization of commercials aired during the Super Bowl as a form of advertising plan during integrated marketing is very crucial because it helps promote sales of the product in large quantities and it helps the product to be publicized. It should be noted that advertisment gives enhancement to image of an organization.
A special agreement between the lender and the borrower to delay a foreclosure is known as what...? Lis Pendens Postponement Forbearance Suspension
Answer:
Forbearance
Explanation:
Forbearance is a term used in mortgaging that means an agreement between two parties; borrower and lender, to delay foreclosure.
Forbearance according to the dictionary means to hold back. That is, delaying or postponing an event of debt default.
Cheers
Under the Uniform Securities Act, the threshold where a State-registered adviser is considered to have taken custody of client funds if it charges prepaid advisory fees, is:
Answer:
The advisory fees will be "$500, 6 months or more in advance of rendering services".
Explanation:
Whenever a nation-registered investment manager recognizes $500 (and sometimes more) of advanced consulting fees, 6 months more than before anticipation of providing services, then perhaps the consultant is deemed to have obtained ownership of customer funds being defined by NASAA.(In comparison, it should also be noted that perhaps the Advisers (investment) Act of year 1940 established the cap at $1,200 among Federal Covered consultants, although that wasn't the law for govt-registered consultants).1) You only have $10 to spend for the week. You decide to spend $8 on a movie instead of buying an $8 pizza. a. What is the scarce resource? Why is this the scarce resource? b. What are the two potential choices you had? c. What is the opportunity cost of the choice you made?
Mr. Squarepants deposited $10,000 cash into his account at Bank A. If the required reserve ratio is 10%, Bank A has to keep _____ in the form of required reserves and can make a loan equal to _____. Group of answer choices
Answer:
Keep $1000
Loan $9000
Explanation:
Reserve ratio is the requirement of the central bank that commercial banks must hold unto a certain portion of deposits at all time rather than investing or lending out in order to meet any large and unexpected demand for withdrawal. It is used to control the money supply in the society and influence interest rate.
If the reserve ratio is 10% . This means that 10% of the deposit must be kept as reserve in the bank and the maximum amount available to be given out is 90%
Workings
10% of 10000 = 1000
90% of 10,000 = 9000
A(n) _____ staffing approach is compatible with an international strategy but can produce resentment in the host country.
Answer:
geocentric
Explanation:
The staffing policy which which seeks for staffing the best people for main jobs throughout the organization, regardless of their nationality is called geocentric policy. It is very much compatible to any international strategy but there can be some resentments in the host country due to cultural myopia.
There can be also lack of some management transfers from the home country to the host countries also from the host to home. There can be lack of integration also.
The common stock of Flavorful Teas has an expected return of 12.00 percent. The return on the market is 8 percent and the risk-free rate of return is 3.0 percent. What is the beta of this stock?
Answer:
1.8
Explanation:
The beta of the stock can be calculated by rearranging the expected return formula. The expected return formula is given below
DATA
Risk free rate of return = 3%
Return on the market = 8%
Expected return = 12%
Beta =?
Expected return = Risk free rate of return x Beta( Return on market - Risk free rate of return)
12% = 3% x Beta(8% - 3%)
12% - 3% = Beta (5%)
9% / 5% = Beta
Beta = 1.8
Because of the influence of social marketing, the interaction between producer and consumer has become LESS focused on:_________
a. engaging.
b. listening.
c. understanding.
d. entertaining.
e. influencing.
Answer: d. Entertaining
Explanation:
Because of the influence of social marketing, the interaction between producer and consumer has become less focused on entertaining.
It should be noted that due to social media, entertainment has reduced between producers and consumers but rather, it has to do with engaging, influencing and listening.
Della, the sales manager, just informed her sales team that all sales in March will earn an extra 5 percent commission. The team gets right to work, being motivated by a(n)
Answer:
The answer is extrinsic reward
Explanation:
Extrinsic reward is the type of reward that comes from outside. This type of reward is completely different from intrinsic reward that comes from thr within.
Extrinsic rewards are given to act as an incentive to perform more or better. It usually has monetary undertone in it.
Increment in salary or giving bonus is is an extrinsic reward.
On an 8% straight term loan of $6,071 the borrower paid total interest of $1,700. What is the term of the loan?
Answer:
42 months
Explanation:
On an 8% straight term loan of $6,071
The borrower paid a total interest of $1,700 on the loan
Therefore, the term of the loan can be calculated as follows
=$6,071×8/100
= $6,071×0.08
= 485.68
Since there are 12 months in a year
= 485.68/12
= 40.47
$1,700/40.47
= 42
Hence the term of the loan is 42 months