Now assume the country begins to engage in international trade, and sandalwood is selling at a price of $600$600 per kilogram in the world market. Which of the following would most likely result? The country would increase domestic production to become competitive in the world market.
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Based on the provided information, if sandalwood is selling at a price of $600 per kilogram, the likely result would be that the country would import sandalwood, and its total economic surplus would increase, with the domestic consumer surplus increasing by more than the domestic producer surplus decreases. (Option E)
Based on the given diagram the domestic equilibrium price is $800. However, due to international trade the price becomes $600 where quantity demanded (Q3) is higher than the quantity supplied (Q1). In order to deal with the shortage in quantity supplied, the country would import sandalwood and its total economic surplus would increase.
Economic surplus to the total surplus between consumers and producers. It is an indicator of the well-being of the market. Consumer surplus is defined as the difference between the highest price a consumer is willing to pay and the actual price of the good (the market price). The producer surplus refers to the difference between the actual price of the good (the market price) and the lowest price a producer is willing to accept for a good. As the demand is high in the given case, the domestic consumer surplus increases by a greater value than the domestic producer surplus decreases. Hence, the total economic surplus would increase.
Note: The question is incomplete. The complete question probably is: The graph above shows the domestic market for sandalwood in equilibrium at a price of $800 per kilogram in the absence of international trade. Now assume the country begins to engage in international trade, and sandalwood is selling at a price of $600 per kilogram in the world market. Which of the following would most likely result? A) The country would increase domestic production to become competitive in the world market. B) The country would export sandalwood, and its domestic consumer surplus would increase. C) The country would export sandalwood, and its total economic surplus would increase, with the domestic consumer surplus increasing by more than the domestic producer surplus decreases. D) The country would import sandalwood, and its total economic surplus would decrease, with both the domestic consumer surplus and the domestic producer surplus decreasing. E) The country would import sandalwood, and its total economic surplus would increase, with the domestic consumer surplus increasing by more than the domestic producer surplus decreases.
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Related Questions
Match each definition with its related term by selecting the appropriate term in the dropdown provided. There should be only one definition per term (that is, there are more definitions than terms). (Select "None of these are correct if there is no Term for the "Definition") Definition A Report the long life of a company in shorter periods. B. Record expenses when incurred in earning revenue The time it takes to purchase goods or services from suppliers, sell goods or services to customers, and collect cash from customers. D. Record revenues when earned and expenses when incurred. E. Increases in assets or decreases in liabilities from peripheral transactions F An asset account used to record cash paid before expenses have been incurred Record revenues when earned and measurable (when the company transfers promised goods or services to customers, and in the amount the company expects to receive) Decreases in assets or increases in liabilities from peripheral transactions Record revenues when received and expenses when paid. J. The income statement equation K. Decreases in assets or increases in liabilities from central ongoing operations. L. The retained earnings equation M. Alability account used to record cash received before revenues have been earned H Homework - Chapter Three Match each definition with its related term by selecting the appropriate term in the dropdown provided. There should be only one definition per term that is, there are more definitions than terms) (Select "None of these are correct" If there is no Term for the "Definition") Term Definition A Report the long life of a company in shorter periods B. Record expenses when incurred in earning revenue The time it takes to purchase goods or services from suppliers, sell goods or services to customers, and collect cash from customers D. Record revenues when earned and expenses when incurred E. Increases in assets or decreases in labies from peripheral transactions F An asset account used to record cash paid before expenses have been incurred Record revenues when earned and measurable (when the company transfers promised goods or services to customers, and in the amount the company expects to receive) H. Decreases in assets or increases in abilities from peripheral transactions Record revenues when received and expenses when paid J. The income statement equation K Decreases in assets or increases in Babies from central ongoing operations L. The retained earnings equation M. Alability account used to record cash received before revenues have been camed.
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Matching the correct statement,
Term A. Statement of Financial Position B. Accrual Accounting Cycle C. None of these are correct D. Accrual Accounting E. Noncash Investing and Financing Activities F. Prepaid Expenses G. None of these are correct H. Noncash Operating Activities I. None of these are correct J. Revenues – Expenses = Net Income K. Operating Activities L. Beginning Retained Earnings + Net Income – Dividends = Ending Retained Earnings M. Unearned Revenue
Identify the term that corresponds to each definition by choosing it from the dropdown menu. Each phrase should only have one definition (that is, there are more definitions than terms). (Choose "None of them are correct" if "Definition" has no associated term.) Definition A report of a company's lengthy existence in more condensed time.
B. Keep track of costs incurred when generating income. the period of time it takes to buy products or services from vendors, sell those products or services to clients, and get payment from those customers. D. Keep track of earnings and costs as they occur. E. Resulting from side transactions, an increase in assets or a decrease in liabilities F Cash paid into an asset account before expenses have been incurred record income
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Hart Company incurred the following costs on Job 109 for the manufacture of 200 motors. Original cost accumulation:
Direct materials: $660
Direct labor: 800
Overhead (150% of DL): 1,200 $2,660
Direct costs of reworking 10 units:
Direct materials: $100
Direct labor 160 $ 260
The rework costs were attributable to the exacting specifications of Job 109, and the full rework costs were charged to this specific job.
What is the cost per finished unit of Job 109?
A. $15.80
B. $14.60
C. $13.80
D. $13.30
Answers
Option B is correct, the cost per finished unit of Job 109 is $14.60.
A technique for accumulating and charging manufacturing costs for goods and services is called "job order costing." This approach is utilised when producing non-identical goods, such as when building ships.
When a manufacturer creates a range of unique goods and has to determine the cost of performing each task individually, they typically use this costing method. Consider a scenario where a consumer purchases shoes that are personalised with their name on the sides and cotton shoelaces as opposed to standard nylon. Due to the uniqueness of this order, a company would use job order costing to establish a special pricing to charge the consumer for their custom-made shoes.
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supply chain planning is the element of supply chain management responsible for determining how best to satisfy the requirements created by the demand plan.
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All of these procedures are coupled with the intention of producing goods and services as quickly as possible in order to increase the company's income.
One form of software application for businesses is supply chain event management, which aids in managing all events that take place within an organization. The primary goals of supply chain event management are to improve customer happiness and promote logistics transparency inside the company. It improves real-time data or information, focuses on speeding up actual responses to unforeseen situations, and lowers inventory investment costs. Option (D) is right as a result. All of these are thought to be components of operations management. In order to generate the highest level of efficiency inside the corporation, this word refers to the management of business procedures.
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the windmill alternative energy fund offers its shares to the public at the fund's net asset value (nav) based on the next calculation of that figure. based on this, you can say that the fund is
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The windmill alternative energy fund offers its shares to the public at the fund's net asset value (NAV) based on the next calculation of that figure. Based on this, we can say that the fund is no-load fund. Thus option (C) is correct.
What is no-load fund?A no-load fund is a like a fund in which the shares are sold without a commission or sales charge.
In this there is concession or no fees because the shares are distributed directly by the investment company, instead of going through a secondary party.
The windmill alternative energy fund offers its shares to the public at the fund's net asset value (NAV) based on the next calculation of that figure. Based on this, we can say that the fund is no-load fund.
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The complete question might be:
The Windmill Alternative Energy Fund offers its shares to the public at the fund's net asset value (NAV) based on the next calculation of that figure. Based on this, you can say that the fund is A)a hedge fund. B) a front-end load fund. C)a no-load fund. D)a closed-end fund.
The first tele-medicine programs emerged in the 1950's and were connected with what organization?
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In order to connect to "Nebraska Psychiatric Institute as well as Norfolk State Hospital" to psychiatric consultations, the first telemedicine programs first appeared in the 1950s.
Explain about the history of tele-medicine programs?Although telepathology is not as popular as teleradiology, the digitalisation of pathology slides is.
Due to the size of these files, it is necessary to be able to examine color photos at various magnifications.In the late 1950s and early 1960s, a closed-circuit television connection was constructed for psychiatric consultations between Norfolk State Hospital and the Nebraska Psychiatric Institute, which is likely one of the oldest and most well-known use of hospital-based telemedicine. Stroke care as well as care with in intensive care unit are two areas where hospital-based telemedicine is expanding quickly (ICU). Data suggests that high-quality stroke assessments can be performed remotely with adequate imaging. Telemedicine lowers the number of needless trips to emergency rooms for patients receiving professional nursing care.Thus, in order to connect to "Nebraska Psychiatric Institute as well as Norfolk State Hospital" to psychiatric consultations, the first telemedicine programs first appeared in the 1950s.
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Grand Corporation reported pretax book income of $600,000. Tax depreciation exceeded book depreciation by $400,000. In addition, the company received $300,000 of tax-exempt municipal bond interest. The company's prior-year tax return showed taxable income of $50,000. Compute the company's current or deferred income tax expense or benefit. Answer is complete but not entirely correct. Deferred income tax benefit $ 10,500
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If Grand Corporation reported pretax book income of $600,000. the company's current or deferred income tax expense or benefit is -$21,000.
How to find the deferred income tax?Pretax income $600,000
Less excess tax depreciation ($400,000)
Less Tax -except interest income ($300,000)
Net operating loss ($100,000)
So,
Current or deferred income tax expense or benefit = -$100,000 × 21%
Current or deferred income tax expense or benefit = -$21,000
Therefore the Current or deferred income tax expense or benefit is -$21,000.
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Which of the following, if true, would most effectively undeimine the argument that raising cigarette taxes reduces the number of people who smoke cigarettes? A.The supply for cigarettes is relatively inelastic. B. The supply for cigarettes is relatively elastic. C. The demand for cigarettes is relatively elastic D. The demand for cigarettes is relatively inelastic
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The appropriate choice is D. The call for cigarettes is particularly inelastic maximum correctly undermines the argument that raising cigarette taxes reduces the variety of folks that smoke cigarettes.
A tax is an obligatory economic charge or some other type of levy imposed on a taxpayer (a character or legal entity) through a governmental enterprise on the way to fund authorities spending and numerous public prices (nearby, nearby, or national), and tax compliance refers to policy actions and person behavior aimed at ensuring that taxpayers are paying the proper quantity of tax at the right time and securing the perfect tax allowances and tax reliefs.
Most countries have a tax machine in location, with a view to paying for public, common societal, or agreed-on national needs and for the features of government. some levy a flat percentage rate of taxation on personal annual earnings, but maximum scale taxes are revolutionary and based totally on brackets of annual earnings quantities. maximum international locations charge a tax on a person's earnings as well as on corporate earnings.
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with the explosive growth and diffusion of the face of digital marketing has changed quite dramatically throughout the world. question 27 options: a. language translators b. mobile/cellular phones c. internet cafes d. electricity sources
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The correct answer to the question is option B, mobile/cellular phones. The rise of mobile/cellular phones has revolutionized digital marketing globally.
With smartphones becoming ubiquitous, people can access the internet and interact with digital marketing campaigns from any location and at any time.
This has led to a significant change in the way marketing is carried out, making it easier for businesses to connect with their target audience.
Consequently, mobile/cellular phones have become indispensable tools for digital marketers and have been instrumental in the rapid expansion and dissemination of digital marketing.
The widespread use of smartphones has facilitated the growth and transformation of the digital marketing industry.
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Utilitarianism has been called a(n) ___________ approach to ethics and social policy because its fundamental insight is that people should decide what to do by considering the overall consequences of their actions.
Choose matching definition
1. consequentialist
2. seek to benefit a small minority
3. its impact in the field of economics
4. Virtue ethics
Answers
Utilitarianism has been called a consequentialist approach to ethics and social policy because its fundamental insight is that people should decide what to do by considering the overall consequences of their actions. Hence, option A is correct.
What is an approach to ethics and social policy?Four basic "approaches" have been present in the ethical field ever since the beginning of recorded human consciousness. These four methods are frequently referred to as "ethical decision-making frameworks" and include utilitarian ethics, deontological ethics, virtue ethics, and communitarian ethics.
The ethical theory and ethical problems, such as bioethics, environmental ethics, and global ethics, are the main topics of the minor in ethics and social policy.
Thus, option A is correct.
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As per U.S. corporate tax laws, which of the following statements is true of a company that is incorporated in the U.S. and has a branch in a foreign country?
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The credit score for the amount of taxes already paid is given to present comfort for the taxes paid in the overseas united states of America.
Tax law or revenue law is an area of criminal observation in which public or sanctioned governments, along with federal, national, al and municipal governments (as within the case of us) use a body of rules and strategies (laws) to evaluate and acquire taxes in a felony context. The costs and merits of the numerous taxes, imposed with the resource of the government, are attained via the political method inherent in those bodies of electricity, and not right now on account of the real area of tax law itself.
Tax law is a part of public law. It covers the software of present tax laws on humans, entities, and corporations, in areas wherein tax sales are derived or levied, e.g. income tax, estate tax, commercial organization tax, employment/payroll tax, property tax, gift tax, and exports/imports tax. There had been some arguments that consumer regulation is a higher manner to interact in huge-scale redistribution than tax law as it does now not necessitate regulation.
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which of the following procedures would provide the best evidence about whether payroll disbursements were issued to nonexistent employees?
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A payroll person who does not work for the business is known as a ghost employee. By forging pay stubs.
Phantom or "ghost" employees are those who are employed by the company but are unemployed. Scammers can fabricate pays stubs or pay slips to pay this fictitious employee. Then, scammers or allies can cash it out or deposit it. A "ghost employee" is a person who is paid by an employer but does not actually work for the company. Someone in Payroll creates and maintains a record of ghost employees. The employee then gets his or her due salary and collects it. Payroll checks are an accurate form of payment that can be made regularly, weekly, biweekly, or monthly. Any money transfer from the payroll department to an employee is referred to as a payroll disbursement.
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Accrual adjustments are needed when a company has provided goods or services to customers or incurred an expense but ___ has not been exchanged
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The answer is Cash, Accrual adjustments are needed when a company has provided goods or services to customers or incurred an expense but cash has not been exchanged.
A company's simple definition is what?A corporate structure that has a separate legal identity from its owners is a company. Due to additional reporting requirements and more serious legal obligations, it is a complex corporate structure with greater setup and administrative costs.
Why is a business different from a company?Additionally, a firm might be referred to as a "business." It's a general term that refers to all forms of business organizations. Then again, unlike corporations, which are regarded as distinct legal entities, enterprises cover basic entities. For instance, a sole proprietorship doesn't have its own unique legal identity.
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1. Which one is not true about material management a. Material management, as other management branches employees the basic fund management b. Material should be managed before, during and after the process. c. Material management provides an integrated system approach to the coordinatio materials activities and the control of total material cost. d. It advocates assigning to a multi operating department all major activities
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The statement "d. It advocates assigning to a multi operating department all major activities" is not true about material management.
Material management does not advocate for assigning all major activities to a multi-operating department. Instead, it involves a systematic approach to planning, organizing, and controlling the flow of materials from their acquisition to their disposal. It also involves coordinating and integrating material-related activities across departments and functions to ensure optimal use of resources, minimize costs, and meet customer requirements.
research on classroom management techniques that does not adversely affect learning opportunities would likely be considered review research.
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"Classroom management" is a critical aspect of teaching that ensures effective learning opportunities for students.
It involves implementing strategies and techniques to maintain a positive and productive learning environment. Review research on classroom management techniques aims to evaluate the effectiveness of these strategies without compromising the quality of learning opportunities. The goal is to identify the most effective approaches that foster positive student behavior and improve academic performance.
Teachers need to understand the importance of implementing appropriate classroom management techniques to achieve optimal learning outcomes. Such research provides insights into the best practices that can be adopted to enhance student learning while ensuring a safe & conducive environment for learning.
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TRUE/FALSE. when you expect the audience to be uninterested, unwilling, displeased, or hostile, the direct organizational strategy is more appropriate.
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Think about how busy a boss would have to be to worry about how their staff would respond.
It's important to handle extremely terrible solutions and their effects properly to prevent matters from getting worse. Heather will be able to explain her reasoning for making that decision and increase the likelihood that her staff will recognize its necessity by providing the background information first. We are not informed of the modifications' nature or why they are being made, but we are aware of how grave they are. There is a difference between absolute and relative tolerance, and Heather must deal with her employees' tolerance levels. Absolute tolerance is the practice of accepting another person's actions merely because they are courteous.
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Twist Corp. has a current accounts receivable balance of $477,615. Credit sales for the year just ended were $2,941,600. a. What is the receivables turnover? bok int ences b. What is the days sales in receivables?
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The receivables turnover is 6.15 times while the days sales in the receivables is 59.34 days.
a. 2,941,600/ 477,615= 6.15 times
(Receivables turnover=annual credit sales/ average receivables)
b. 365/6.15= 59.34 days
(Day sales in receivables= 365/receivables turnover)
In economics, a country's current account balance records the value of the imports and the exports of the goods and services, and the international transfer of capital.
This is one of his two components of his balance of payments, the other being the capital account (also known as the financial account).
The current account measures a country's income and expenditures abroad and includes trade balance, net primary or factor income (income from foreign investment less payments to foreign investors), and Consists of net unilateral transfers that have occurred.
The current account balance is one of two important indicators of a country's foreign trade (the other is net capital outflow).
A current account surplus indicates that the value of a country's net foreign assets (that is, assets minus liabilities) has increased over the period, and a current account deficit indicates that the country has contracted.
Both the state and the private payments are included in the calculation. It is called a checking account because goods and services are usually consumed in the current period.
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An auditor finds several errors in the financial statements that the client prefers not to correct. The auditor determines that the errors are not material in the aggregate. What action by the auditor is appropriate?
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The auditor should document the errors in the financial statements and explain in the auditor's report that the errors were noted but not corrected. The auditor should also include an opinion that, in the auditor's opinion, the errors are not material in the aggregate.
Action by the auditor is appropriate when he or she has determined that there is a material misstatement in the financial statements. The auditor should communicate the misstatement to the client and recommend appropriate corrective action.
The corrective action may include revising the financial statements to correct the misstatement, notifying regulatory agencies of the misstatement, or taking other steps to address the misstatement. The auditor should also document the misstatement, the corrective action taken, and the results of the corrective action in the audit workpapers.
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after hearing her partner sara reminisce about family holidays when everyone would gather around a piano and sing, luna surprised her with a digital piano for her birthday. this is an example of in consumer behavior. group of answer choices indirect influence nostalgia marketing situational influence direct influence retro marketing
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After hearing her partner Sara reminisce about family holidays when everyone would gather around a piano and sing, Luna surprised her with a digital piano for her birthday. This is an example of in consumer behavior of "direct influence". The correct option is D.
The consumer behavior is the study of the individual, team or groups or organization, and the user company, these are associated with the purchase, buy, use and disposal of the products and services which is offered by the company.
The ways to influence consumer behavior is analysis situation, needs, environment and the marketing factors and culture. Luna surprised her with a digital piano for her birthday comes under the direct influence factor.
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fill in the blank. _____dictates that when given a choice between two compelling explanations, the explanation that relies on fewer explanatory factors is the better choice.
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Occam's Razor or the Law of Parsimony.
The principle or concept that dictates that when given a choice between two compelling explanations, the explanation that relies on fewer explanatory factors is the better choice is called Occam's Razor or the Law of Parsimony.
This principle suggests that the simplest explanation is often the most likely to be true.
The factors that are considered in this principle are the number of assumptions, entities, or variables that are needed to explain a phenomenon.
This approach is often used in scientific research and hypothesis testing to help scientists choose between different explanations for observed phenomena.
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A method where it is possible to investigate, identify, assess, and include the needs of customers in planning processes. Either the Mission statement, Vision statement or Objectives and explain how this reflects customer needs.
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A strategy for investigating, identifying, assessing, and incorporating consumer needs into planning processes. It's called the Mission Statement.
What is the goal of the mission statement?A mission statement is a succinct explanation of why an organization exists. It defines the organization's goal and ultimate intention. The vision is supported by the mission statement, which communicates purpose and direction to employees, customers, vendors, and other stakeholders. What are the three components of a mission statement?
What are the three components of a mission statement?Purpose: An explanation of why the organization exists.
Vision: It is a statement about what the organization hopes to accomplish in the future.
Values: A list of the fundamental principles that influence the organization's actions and decisions.
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Which one of the following is NOT a way to attract bigger numbers of online shoppers in the Latin America region to purchase a company's brand of athletic footwear? O Charge an average retail price that is below the industry average for Latin America OOffer a higher mail-in rebate than most all other rivals competing in the Internet segment in the Latin America region OSpend an amount on brand advertising that exceeds the industry average for Latin America O Produce and market branded footwear with an S/Q rating that exceeds the industry average for Latin America O Offer online shoppers a number of models/styles that exceeds the industry average for Latin America Copying, redistributing, or website posting is expressly prohibited and constitutes copyright violation.
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"Spend an amount on brand advertising that exceeds the industry average for Latin America" is NOT a way to attract bigger numbers of online shoppers in the Latin America region to purchase a company's brand of athletic footwear. The correct option is C.
The brand advertising is the advertising in which promote and create awareness about the brand. The brand advertising is to product or services advertising to create strong identity and increase the customer loyalty.
The brand advertising has types which is display advertising, video advertising, mobile advertising and native advertising. But major types of advertising is from paid search advertising, social media advertising, print advertising and so on.
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which of the following is not a factor that affects the bid/ask spread?a. Order costsb. Inventory costsc. Volumed. All of the above factors affect the bid/ask spread
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The correct option : All of the above factors - Order costs, Inventory costs and volumes affect the bid/ask spread.
Explain the factors affecting bid/ask spread?The difference between the best demand rate (cheapest sell price) and the finest bid rate (maximum buy price), expressed in rupees or pesos, is known as the bid-ask spread.
The trading volume is the primary element affecting the bid-ask spread's width. Market volatility is a crucial aspect that affects the bid-ask spread. Spreads are typically higher for stocks that are hardly traded. Additionally, during periods of extreme volatility, the bid-ask spread widens.Due to the variations in liquidity, the bid-ask spread varies depending on the asset. This bid-ask spread is small in a liquid market with a significant trading volume because there are several buyers and sellers.To know more about the bid/ask spread, here
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when single-year financial statements of a nonissuer are presented, an auditor ordinarily would express an unmodified opinion in a report not containing an emphasis-of-matter or other-matter paragraph if the
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When single-year financial statements are presented, an auditor ordinarily expresses an unmodified opinion if the D. Prior year's financial statements were audited by another CPA whose report, which expressed an unmodified opinion, is not presented.
An audit is an independent examination and verification of financial records, statements, systems, operations, and processes of an organization or an individual to ensure their accuracy, completeness, and compliance with relevant laws, regulations, and accounting standards.
The main purpose of an audit is to provide reasonable assurance that the financial statements and records present a true and fair view of the organization's financial position, performance, and cash flows.
The complete question is:
When single-year financial statements are presented, an auditor ordinarily expresses an unmodified opinion if the
A. Auditor is not independent but judges that an unmodified opinion is appropriate.
B. Entity declines to present a statement of cash flows with its balance sheet and related statements of income and retained earnings.
C. Auditor is unable to obtain audited financial statements supporting the entity's investment in a foreign affiliate.
D. Prior year's financial statements were audited by another CPA whose report, which expressed an unmodified opinion, is not presented.
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On May 31, the following data were accumulated to assist the accountant in preparing the adjusting entries for Oceanside Realty:
a. Fees accrued but unbilled at May 31 are $19,750.
b. The supplies account balance on May 31 is $12,300. The supplies on hand at May 31 are $4,150.
c. Wages accrued but not paid at May 31 are $2,700.
d. The unearned rent account balance at May 31 is $9,000, representing the receipt of an advance payment on May 1 of three months’ rent from tenants.
e. Depreciation of office equipment is $3,200.
Required:
1. Journalize the adjusting entries required at May 31. Refer to the Chart of Accounts for exact wording of account titles.
2. What is the difference between adjusting entries and correcting entries?
Answers
To update accounts and create financial statements, adjusting entries are made at the conclusion of an accounting period.
How can adjusting entries required at May 31 be explained?1. The following adjustment entries are necessary at May 31:
Accrued charges:
$19,750 in receivables Fees a $19,750 profit
c. Supplies spent and available supplies:
Supply Cost $8,150 Supply Cost $8,150
b. Accrued wages: $2,700 in salary and pay expenses
Payable $2,700 in salaries and wages
Rent received: $9,000 in unearned rent
Rent Income: $3000 (to reflect rent earned for one month, or one-third of the advance payment).
g. Depreciation costs: $3,200 in depreciation costs.
Office equipment accumulated depreciation of $3,200.
2. These events, such as accruing income or costs, prepaid expenses, or depreciation, are recognized by these entries as having already happened but have not yet been reported. Correcting entries, on the other hand, are produced to repair inaccuracies in the accounting records. These mistakes might be the result of inaccurate transaction recording, publishing transactions to the wrong account, or other problems. Correcting entries can be made at any point during an accounting period to verify the correctness of the financial records.
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question mode multiple choice question select the question that can be answered using only raw data. multiple choice question. which of the perishable items used by a restaurant should be ordered first? what is the lowest sales per week compared with the economic interest rates? what is the date, amount sold, and customer number for a sale transaction?
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The answer that can be answered with the use of raw data only is: what is the lowest sales per week compared with the economic interest rates?
What is meant by raw data?Raw data refers to unprocessed and unorganized data that is collected from various sources. It can be in the form of numbers, text, images, or any other format. Raw data is often collected through surveys, questionnaires, observations, experiments, and other methods. It is considered as the primary source of information that can be used to draw conclusions or derive insights.
Raw data is often in its most basic form and needs to be processed and analyzed before it can be used. Raw data is usually large in quantity and can be difficult to manage and understand.
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Which of the following primary activities describes collecting, storing, and physically distributing products to buyers?
customer service
outbound logistics
sales and marketing
operations/management
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The primary activity that describes collecting, storing, and physically distributing products to buyers is outbound logistics.
Outbound logistics is a primary activity in the value chain that involves the physical distribution of products to customers. This includes the processes of collecting, storing, and delivering products to buyers.
Outbound logistics is responsible for ensuring that products are delivered to customers on time and in good condition. It is an essential activity for businesses that deal with physical products, such as manufacturers and retailers.
By efficiently managing outbound logistics, companies can improve customer satisfaction and reduce costs, which can help them to achieve a competitive advantage in the market.
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Consider an individual with a utility function of the form: U(x,y)=xy , and where m=10, px=1, and py=2 , where m is the individual's income or wealth, pi is the price of good i.
Calculate the individual's optimal consumption bundle, (x,y) = (Blank 1,Blank 2).
If your answer is a decimal, enter it to 1 decimal place (e.g. 5.5).
Please Explain.
Answers
Consequently, his ideal consumption bundle is (5,2.5)
What does having wealth really mean?Wealth: What Is It? Wealth is defined as the total dollar worth of all of a person's, a group of people's, a company's, or a country's valuable assets. All debts are then deducted from the total market value of all owned physical and intangible assets. In essence, wealth is the accumulated use of finite resources.
Does wealth mean rich?It's important to consider how people handle money when comparing the affluent and wealthy. Rich people could view money as a tool for making purchases and supporting a particular way of life. On the other side, wealthy people could see money as a way to make more money through investments and business endeavours.
[tex]\begin{aligned}& U(x, y)=x y \\& P_x=1, R_y=2 \text { and } m=10 \\& m R S=\frac{m U_x}{m U_y}=\frac{y}{x}\end{aligned}[/tex]
[tex]At optimal bundle, we have $M R S=\frac{P_x}{P_y}$ So, $\quad \frac{y}{x}=\frac{1}{2} \Rightarrow 2 y=x$[/tex]
[tex]Budget constraint is:$$\begin{aligned}& x+2 y=10 \\& 2 y+2 y=10 \\\Rightarrow & y=2.5 \\x= & y y \Rightarrow x=5\end{aligned}$$[/tex]
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What are the three most important aims of a reward management system?
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Reward management systems have three major impact through the management, such as:
Reward management systems used to support the goals of the organisation.Reward management systems ensure that the organisation is able to recruit Reward management systems used to motivate employees.In the term of business and organizations, Reward management generally can be defined as a system that concerned with the formulation and implementation of strategies. In the other side, reward management system also can be defined as a system that concern with policies that aim to reward people fairly, equitably and consistently in accordance with their value to the organization.
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Sue Helms Appliances wants to establish an assembly line to manufacture its new product, the Micro Popcorn Popper. The goal is to produce five poppers per hour. The tasks, task times, and immediate predecessors for producing one Micro
Popcorn Popper are as follows: Task Time (min) Immediate Predecessors A 10 ---- B 12 A C 8 A,B D 6 B,C E 6 C F 6 D,E a) What is the theoretical minimum for the smallest number of workstations that Helms can achieve in this assembly line?
b) Graph the assembly line and assign workers to workstations. Can you assign them with the theoretical minimum? c) What is the efficiency of your assignment?
Answers
Theoretically, 4 is the minimal number advised.
The efficiency of the assembly line should be 80%.
What is participants?In how events develop, participants are involved. Those who take part in game shows are called contestants. Participant in the sport is a football player. Participant in a conversation is someone who is speaking. You can occasionally participate in a crime without actively participating in it; this is known as being a passive participant. A passive participant is someone who observes a crime occurring but does nothing to prevent it.
The production time is 60.
Briefing:-
Five units are required per hour, and a cycle takes one minute per hour, or 12 units per day.
Workstation = 8 + 10 + 8 + 10 + 8 + 4 = 48.
The absolute minimum is 4 (48/12).
The productivity of an assembly line is equal to
[tex]\dfrac{48}{5 \times 60 } =0.8 \times 100=80%.[/tex]
It is calculated by dividing the overall number of participants by the number of participants who successfully completed the task.
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If income increases by 10 percent and the quantity demanded of a good then increases by 5 percent, the good is: - inferior and income-elastic.- normal and income-elastic, - inferior and income inelastic - normal and income inelastic
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Normal and income-elastic, good is considered typical and income-elastic if income rises by 10% while the amount requested of it rises by 5%.
The good is standard and adaptable to income. Increased demand for a good indicates that it is usual when there is a rise in income. The good is income-elastic, which means that changes in income have a considerable influence on the quantity requested of the item. This is demonstrated by the fact that the change in quantity demanded is less pronounced than the change in income. A good is deemed inferior if a rise in income causes a fall in quantity wanted, whereas a good is deemed income-inelastic if a change in income results in a correspondingly smaller change in quantity demanded.
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