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
Social entrepreneurship is attracting growing amounts of investment, talent, and attention from many sectors. By combining the _______, __________, and __________ of business, it offers an entrepreneurial approach to solving social problems at a time when governmental and philanthropic approaches have delivered less than expected.
Answer:
Determination; efficiency; innovation.
Explanation:
Social entrepreneurship is attracting growing amounts of investment, talent, and attention from many sectors. By combining the determination, efficiency, and innovation of business, it offers an entrepreneurial approach to solving social problems at a time when governmental and philanthropic approaches have delivered less than expected.
The formula for the predetermined overhead rate is estimated annual overhead costs divided by an expected annual operating activity. a. true b. false
Answer:
True
Explanation:
Absorption costing is a method of costing where production units and inventories are value at the full cost per unit. Here, fixed overheads are charged to all units produced using an overhead absorption rat
Under the traditional absorption costing system, overhead is assigned to units produced using different bases ranging from labour hours, machine hours, e.t.c
Overhead absorption rate = Estimated overhead/Estimated Activity level
Answer : True
Frank was so entertained by the Paris Symphony on his visit to France that he mailed them a donation of $100 to support their organization as soon as he returned home to Seattle. Frank may deduct the charitable contribution to the Paris Symphony on his US tax return.
A. True
B. False
Answer: False
Explanation:
A tax is simply a levy that is paid by an economic agent to the government of a particular country.
In this scenario, we are informed that Frank was so entertained by the Paris Symphony on his visit to France that he mailed them a donation of $100 to support their organization as soon as he returned home to Seattle.
In this situation Frank does not have to deduct the charitable contribution to the Paris Symphony on his US tax return.
Therefore, the answer is false.
f a country exports more than it imports, then one can infer that its currency would be likely to depreciate against other currencies. one can infer that its currency would be likely to appreciate against other currencies. none of the options
Answer:
One can infer that its currency would be likely to appreciate against other currencies
Explanation:
The export rate of a country determines the strength of her currency, especially goods that has a high demand globally. When a country exports more than she imports, her currency gains strength against other currencies.
High exportation ensures a stable economic growth of a country, with an increase in the number of manufacturing industries and more job opportunities for her people. While more importation than exportation affects the strength of currency negatively and kills the local industries of a country.
The _____ is a piece of U.S. legislation that raises executive and board responsibility and ties criminal penalties to certain accounting and financial violations.
Answer: Sarbanes-Oxley Act
Explanation:
In the wake of the accounting scandals that rocked the world in the early 2000s from companies like WorldCom and Enron, the U.S. Government passed a law that was aimed at ensuring that such an event would not repeat itself.
The Act was the Sarbanes-Oxley Act which was passed in 2002 and amongst other methods, it aimed to protect investors in a company from accounting misstatements by raising executive and board responsibility and also tying criminal penalties to certain accounting and financial violations.
Suppose that the firms in the perfectly competitive oat industry are currently receiving a price of $2 per bushel for their product and there are constant returns to scale. The minimum possible average total cost of producing oats in the long run is $1 per bushel. Other things being equal, it follows that:
Answer:
The firms make a $1 per bushel in profit.
Explanation:
When the price is greater than the long run total costs, then a profit is being generated. This helps the firms in the perfectly competitive oat industry to remain in the industry since they are making 100% profit on their investments, which they may not get elsewhere. If they are not making such large profits, some of the firms may decided to leave the industry and relocate their resources to other industries where they can make enough profits.
Companies are turning to customer relationship management (CRM) to improve their customer focus. CRM uses information technology to create a cross-functional enterprise system that integrates and automates many of the customer-serving processes in which functional business areas?
Answer:
Marketing, sales and customer service
Explanation:
Customer relationship management (CRM) is a business strategy implemented across the entire company that is aimed at improving the company's income, profit, lower cost and increase customer loyalty based on the principle of putting the customer first in management decisions. CRM combines actions, methodologies, and technologies that establishments utilize for managing and analyzing customer correspondence and information within a customer's period of doing business with the establishment so as to improve customer retention, service, and relationship as well as to improve sales.
Ellie has been working for an engineering firm and earning an annual salary of $80,000. She decides to open her own engineering business. Her annual expenses will include $15,000 for office rent, $3,000 for equipment rental, $1,000 for supplies, $1,200 for utilities, and a $35,000 salary for a secretary/bookkeeper. Ellie will cover her start-up expenses by cashing in a $20,000 certificate of deposit on which she was earning annual interest of $500.
Ellie's annual implicit costs will equal:________
a. $55,200.
b. $75,200.
c. $80,500.
d. $165,700.
Pizza Deluxe University is an in-house center and education facility that offers broad-based learning opportunities for employees. Pizza Deluxe University would be considered a(n) ________.
Complete Question:
Pizza Deluxe University is an in-house center and education facility that offers broad-based learning opportunities for employees. Pizza Deluxe University would be considered a(n):
Group of answer choices
A) assessment center.
B) on-the-job training center.
C) orientation center.
D) corporate university.
E) learning community.
Answer:
D) Corporate university.
Explanation:
Since Pizza Deluxe University is an in-house center and education facility that offers broad-based learning opportunities for employees. Pizza Deluxe University would be considered a corporate university.
A corporate university can be defined as an educational institution set up by a company, which is then used as a strategic tool that helps its parent institution in achieving its goals by providing essential activities such as tailored learning and developing staffs so as to foster individual and institutional knowledge, understanding and learning.
After the Communist Party took control, Beijing was transformed into a producer city. Growth in what sector of the economy put Beijing in that category
Answer: manufacturing sector
Explanation:
After the Communist Party took control, Beijing was transformed into a producer city. The growth that occured in the manufacturing sector of the economy put Beijing in that category.
Due to the growth that occured in the manufacturing sector, several goods and services were produced in Beijing.
Which option best describes the main behavior that economics studies?
A. People creating different governments around the world
B. People participating in a traditional musical performance
C. People experiencing the physical symptoms of a disease
D. People making choices based on their limited resources
SUBMIT
Answer:
D. people making choices based on their limited resources
Explanation:
One of your subordinate employees, Timothy, worked extra hours on Tuesday and Thursday so he could attend Ash Wednesday services at his church. Which of the following statements is true?
a. Timothy should have taken personal leave in order to miss work to attend religious services during his scheduled work time.
b. This situation is only problematic if a colleague complains about Timothy’s absence Wednesday or is offended by the ashes on his forehead.
c. Supervisors can use individual discretion when deciding whether to allow a subordinate to adjust his work schedule for religious practices.
d. Permitting Timothy to make up time lost due to the observance of religious practices is a reasonable religious accommodation.
Answer:
D. Permitting Timothy to make up time lost due to the observance of religious practices is a reasonable religious accommodation.
Explanation:
This statement is true in line with normal workplace ethics. Also, been his superior it would favor the company if Timothy is asked to make up time lost due to the observance of his religious practices.
A reasonable employer knows that his employees also have a constitutional right to freedom of worship, and would be flexible in the company policy on working hours.
On August 2, Jun Co. receives a $7,000, 90-day, 11.5% note from customer Ryan Albany as payment on his $7,000 account. Prepare Jun's journal entry assuming the note is honored by the customer on October 31 of that same year.
Answer:
Journal entry to record receipt of notes receivable on August 2
Date Description Debit Credit
August 2 Notes Receivable $7,000
Account Receivables $7,000
Journal entry to record note receivables honored by the customer
Date Description Debit Credit
October 31 Cash $7,198.49
Notes Receivables $7,000
Interest Receivables $198.49
Workings
Interest = Principal amount * Periodic interest rate
Interest = $7,000 * 11.5% * 90/365
Interest = $198.49
Hence, the interest on note receivables is $198.49
"A registered representative is approached by the president of an investment club to buy an IPO being offered by the representative's firm. Which statement is TRUE?"
Answer:
The investment club is not a restricted purchaser and may buy the IPO
Explanation:
In the financial market a restricted purchaser is someone that has has direct engagement in a business or who has affiliates that are directly engaged in the business that wants to sell securities.
In this scenario a restricted purchaser will be someone that has direct business engagement in the representative firm. Since this is not so the president of the investment firm is free to purchase the IPO.
An Initial Public Offering is when a companies decides to make its shares available to the public for the first time.
In the context of the chain of command, _____ perform tasks that reflect an organization's primary goal and mission.
Answer:
line departments.
Explanation:
The chain of command of an organization can be defined as the hierarchy of the company, through which the subordination relationships of an organization are established.
Therefore, in a chain of command, the department lines are made up of the company's hierarchical top, that is, the managers who have the role of making decisions in the company and establishing the essential goals and objectives of the organization.
Ms. Jessup teaches 7th grade. Her students do not pay tuition to attend her school. Which describes the type of school that Ms. Jessup works at? She is in a private elementary school. She is in a public elementary school. She is in a private middle school. She is in a public middle school.
Answer:
She is in a public middle school.
Explanation:
A middle school is a part of the stages of the education system that exist between the primary school and the high school. It plays the function of the intermediate school between the two stages. Public middle schools are the schools that run on the funds provided by the government. Either the state of the federal government may provide grants to run the school.
In the given excerpt, the type of school in which Ms. Jessup is the teacher is the public middle school. She is the teacher of the seventh grade and in this school, the students do not pay their tuition fees. This means that the school is run by the grants provided by the government.
Answer:
She is in a public Middle School (D)
Explanation:
I took the test, have a lovely day!! :)
Price lining is setting a price floor and a price ceiling for a line of products and then setting price points in between to represent differences in quality.A. TrueB. False
Answer:
FALSE
Explanation:
The __________ the proportion of total return that is in the form of price appreciation, the __________ will be the value of the tax-deferral option for taxable investors.
Question:
The __________ the proportion of total return that is in the form of price appreciation, the __________ will be the value of the tax-deferral option for taxable investors.
A) greater; greater
B) greater; lower
C) lower; greater
D) Cannot tell from the information given
E) None of the options
Answer:
The correct answer is A) greater; greater
That is, the greater the proportion of total return that is in the form of price appreciation, the greater will be the value of the tax-deferral option for taxable investors.
Explanation:
To understand the above, you need to know that Total Return in this instance means capital appreciation and all the form of income receiveable on an investment. When the prices of one's investment (e.g. stock or share in a company) appreciates, it becomes more appealing for investors to defer payment of tax.
Cheers!
Which of the following statements concerning capital structure theory is NOT CORRECT?
A. The major contribution of Miller's theory is that it demonstrates that personal taxes decrease the value of using corporate debt.
B. Under MM with zero taxes, financial leverage has no effect on a firm's value.
C. Under MM with corporate taxes, the value of a levered firm exceeds the value of the unlevered firm by the product of the tax rate times the market value dollar amount of debt.
D. Under MM with corporate taxes, rs increases with leverage, and this increase exactly offsets the tax benefits of debt financing.
E. Under MM with corporate taxes, the effect of business risk is automatically incorporated because rsL is a function of rsU.
What is the present value of a growing perpetuity that makes a payment of $100 in the first year, which thereafter grows at 3% per year? Apply a discount rate of 7%
Answer:
the present value of a growing perpetuity is $2,060
Explanation:
If a cash flow is growing at a constant rate, then we call this a growing perpetuity.
Present Value = PMT ( 1 + g) ÷ (r - g)
where,
g = constant growth rate
= 0.03
r = discount rate
= 0.08
Then,
Present Value = $100 (1,03) ÷ (0.08 - 0.03)
= $2,060
Define and compute opportunity cost
Answer:
opopportunity cost is the value of the next best alternative or option. this value may not be measure on money
value can also be satisfaction. one formula to calculate opportunity cost could be the ratio of what you are sacrificing to what you are going
In a fractional reserve banking system: Group of answer choices banks create money by printing it. banks create money by making loans. the size of M1 can only be a fraction of checkable deposits. banks are required to hold 100% of deposits as reserves.
Answer:
the size of M1 can only be a fraction of checkable deposits.
Explanation:
fractional reserve banking system requires that a fraction banks receive as deposits from customers be kept as reserves with the central bank and the rest be made out as loans.
M1 consists of coins, demand deposits and currency in circulation. Banks determine the money in circulation by giving out loans. so the size of M1 can only be a fraction of checkable deposits.
After landing an interview with your dream company, you learn that the interview will consist of questions asking you to demonstrate how you would go about organizing your employees, setting goals and achieving those goals. The company is asking you these questions in an effort to determine the extent to which you possess
Answer: task leadership
Explanation: The activities of organizing employees, of setting goals and achieving those goals set are all task leadership activities and therefore, questions put forward during an interview by a company are meant to determine if the candidate possesses task leadership. Task leadership focuses on achieving set goals and is used to develop a structured workplace with clearly defined schedules and priorities. As such, it delegates assignments, set clear processes and issue deadlines in order to ensure that members of a team would remain focused and deliver their part of the project in record time.
Which skills include an employee’s mannerisms, behavior, and attitude?
Answer:
The right approach is "Communication skills".
Explanation:
The opportunity to quickly and accurately forward information as well as knowledge to another. Business managers having strong verbal, non-verbal including written effective communication aim to enhance the exchange of knowledge within the same organization among individuals for some of its advantage.So that the above seems to be the appropriate answer.
Answer: communication skills
Explanation:
Recount the methods used to assign costs to inventory and cost of goods sold under both a perpetual and a periodic system.
A. First-in, last-out
B. Specific identification
C. First-in, first-out
D. Last-in, first-out
E. Last-in, last-out
F. Weighted average
Answer:
Explanation:
Perpetual inventory system is an inventory management system that records the real time transaction of inventory through a continuous tracking of movement by technology .
In periodic inventory system , inventory update are made on a periodic basis , and as such is less efficient when compared to the perpetual method.
The four known methods of inventory valuation are weighted average , First -in-first-out , Last -in - first-out , weighted average and the specific identification method
Answer: weighted average, specific identification, first in first out, last in first out
Explanation:
Companies engaged in a single line of business most commonly utilize an organizational structure that can be:_______.
a. expected to evolve over time into a matrix or hybrid structure.
b. a functional (departmental) organizational structure.
c. either a centralized, principal, or critical-path organizational structure.
d. either independent, consolidated, or hybrid profit centers.
e. hybrid functional organizations with a combination of decentralized and centralized decision making.
Answer:
b. a functional (departmental) organizational structure.
Explanation:
Companies engaged in a single line of business most commonly utilize an organizational structure that can be a functional (departmental) organizational structure.
A functional (departmental) organizational structure is a type of structure used to organize staffs by dividing them into various departments based on their skill set, roles or functions and knowledge.
These departments which are vertically structured may include, finance, information and communications technology, sales and marketing, research and development, customer service etc. Also, the various departments are headed by a functional manager who are saddled with the responsibility of overseeing, managing and reporting to the executive management.
Hence, a functional (departmental) organizational structure enhance efficiency and an improved quality of production because workers having similar skills, knowledge and experience are grouped together to achieve common goals and objectives.
When tobacco companies sought to hide evidence that cigarette smoking causes lung cancer, they were exhibiting a(n) _______ approach to social responsibility. accommodative proactive defensive obstructionist offensive
Answer:
obstructionist.
Explanation:
When tobacco companies sought to hide evidence that cigarette smoking causes lung cancer, they were exhibiting an obstructionist approach to social responsibility.
An obstructionist approach can be defined as an act of blocking important and essential informations from reaching or getting across to the general public and an interference with social responsibility.
Hence, the tobacco companies were largely or more concerned with making profits rather than enhancing social responsibility among the consumers of their products, thereby refusing to inform them that cigarettes smoking causes lung cancer.
What are the answers for these? Please help it’s economics
Answer:
Question 4 is D
Question 5 is A possibly
An existing customer of a brokerage firm wishes to buy an initial public offering that he has heard good things about. The registered representative only has a limited number of shares to sell and explains to the customer that the offering is already "sold out." The customer tells the registered representative "If you can get me some of the stock, I will drop off cash payment in full today, with a little extra for you." The registered representative:_________
a. Can accept the customers offer
b. Cannot accept the customers offer because cash payment for securities purchases cannot be excepted from a customer
c. Can except the customers offer if the extra cash payment does not exceed $500
d. Cannot except the customers office
Answer: d. Cannot accept the customer's offer
Explanation:
Apart from the offer being unethical, the registered representative also cannot accept the customer's offer because the registered representative is prohibited from accepting cash directly from a customer.
The cash would have to be deposited in the account of the customer so as to make it more legal. Even at that however, with a limited number of shares, ethical issues come into play about how the shares can be distributed between clients so the registered representative cannot accept the customer's offer.
Janelle spends three hours each day working as an online customer service representative for an online retailer. She can choose her own hours, within reason. The job works out well for her since she has a new baby that she cares for much of the day. The retailer does not provide her or the other 200 customer service reps with workspace, which constitutes a sizeable cost savings for the company. Janelle participates in a popular work strategy known as ______________.
Answer:
Home-based work
Explanation:
Home-based work is when people perform their job at their house using the internet and phone instead of going to an office. According to this, the answer is that Janelle participates in a popular work strategy known as home-based work because Jannelle works as an online customer service representative from home.