Answer:
elliptic curve cryptography
Explanation:
The principal attraction of ECC (Elliptic Curve Cryptography) compared to RSA is that it appears to offer equal security for a far smaller bit size, thereby reducing processing overhead.
What do you mean by Security?By restricting others' freedom to act, security is resistance to potential harm (or other unwanted coercive change) caused by others.
A method of public-key encryption known as elliptic-curve cryptography (ECC) is based on the algebraic structure of elliptic curves over finite fields. ECC enables similar security to be achieved with smaller keys as compared to non-EC encryption (based on simple Galois fields).
Elliptic curves can be used for several applications, including key agreement, digital signatures, and pseudo-random generators.
Therefore, The principal attraction of ECC (Elliptic Curve Cryptography) compared to RSA is that it appears to offer equal security for a far smaller bit size, thereby reducing processing overhead.
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Explain how the following transactions affect the accounting equation: assets purchased on credit rent paid in cash office furniture purchased for cash inventory bought on credit
Answer:
1. An increase in asset and an increase in liability
2. The decrease in asset cash.
3. An increase in assets and a decrease in cash.
4. An increase in inventory and an increase in liability.
Explanation:
The asset purchased on credit will increase the fixed asset account and it will also increase the account payable account. Thus, asset and liability have the same effect.
Rent paid in cash will decrease the company’s asset cash. While the office furniture purchased in cash will increase the assets in the account and cash will be reduced by the same amount. Further, the inventory purchased on credit will increase the inventory and it will also increase the liability by the same amount.
Answer:
edmentum/plato
Explanation:
Assets purchased on credit
In this case, the business purchases assets on credit; that is, the business is not paying cash right now. The business is thus incurring a liability here because it will have to pay the cash in the future. Thus, this transaction increases the assets (because the business purchases them), as well as the liability (obligation to pay in future), thereby balancing the accounting equation.
Rent paid in cash
Rent is an expense that a business has to incur. Thus, in this case, the business is spending cash; that is, it is losing “cash,” which is an asset. Also, because it is losing money, the value of the business (owners’ equity) also reduces. So this transaction decreases assets as well as owners’ equity, resulting in a balanced accounting equation again.
Office furniture purchased for cash
Office furniture is an asset that a business acquires. However, the business spends money—that is, cash (also an asset)—to purchase the furniture. Thus, there is an increase in one asset (furniture), and a decrease in the other (cash). This simultaneous increase and decrease in the assets results in a balanced accounting equation.
Inventory bought on credit
Inventory refers to stock of goods such as raw materials. Therefore, inventory is an asset that the business purchases. However, because the business buys it on credit, the business needs to make the payment in the future. The business is thus adding to its assets, and also incurring a liability (obligation to pay in the future). An increase in assets as well as liabilities leads to a balanced accounting equation again.
A reserve is an account
a. Set aside from profit for an unknown liability
b.Of loss from trading activities
c. Of profit from trading activities
d. Set aside from profit for specific purpose
Answer:
The correct option is;
d. Set aside from profit for specific purpose
Explanation:
A reserve which is a term in accounting to define a portion of the profits of the business set aside to build the financial posture of the company by expanding the business or to grow to an higher operating level
A reserve account which can be referred to as a reserve fund, is an account meant to keep a portion of the business profits to serve a particular purpose in the future.
Kelly tells Matthew that she will sell him one of her motorcycles at some time in the future. Matthew eagerly accepts. Do they have a valid contract?
Answer:
Probably not, because the terms are not definite.
Explanation:
A contract is considered to be valid when there is a written or expressed agreement for one party to deliver goods or services to another.
The terms are clearly stated. For example the price, time of sale, acceptance of price, and so on.
A valid contract has the following elements: offer, acceptance, agreement, and consideration.
In the given scenario where Kelly tells Matthew that she will sell him one of her motorcycles at some time in the future and Matthew eagerly accepts. There is an agreement but there is no specific offer and consideration of price and also the time of transaction.
So the contract is probably not valid because terms are not clearly defined.
A substantial revision of the income tax code that made business and personal tax returns much easier to complete would tend to cause which of the following changes in the labor market for accountants?
a. an increase in the demand for accountants
b. an increase in the employment of accountants
c. a decrease in the wage rate of accountants
d. an increase in the number of students choosing to major in accounting
Answer:
c. a decrease in the wage rate of accountants
Explanation:
As a result of the revision that makes personal tax returns much easier to complete, people would no longer need the services of accountants to calculate their tax returns. As a result, the demand for accountants would fall, all other things remaining equal.
The fall in demand would lead to a fall in wage rate of accountants
Please check the attached image for a graph explaining this concept
Ali decides to attend the one-hour review session for microeconomics instead of working at his job. His job pays him $10 per hour. Ali's opportunity cost of attending the review session is:_______
a. the $10 he could have earned at his job.
b. the one-hour review session
c. equal to the benefit he gets from the review session.
d. the value of the session minus the $10 he could have earned at his job
e. nothing, because the review session does not cost anything.
Answer: the $10 he could have earned at his job.
Explanation:
Opportunity cost is what an economic agent such as a individual and a firm forgoes when a choice is being made out of several options available.
In this case, we are told that Ali decides to attend the one-hour review session for microeconomics instead of working at his job and that his job pays him $10 per hour.
Ali's opportunity cost of attending the review session is the $10 he could have earned at his job.
A large personal care products company adopts a(n) ________ approach to gain a competitive edge in light of intense foreign competition and increasingly demanding customers. The company believes that uniform commitment to quality in all areas of its organization will promote a culture that meets customers' perceptions of quality.
Answer:
"Total quality management " is the correct answer.
Explanation:
TQM seems to be a management philosophy focused mostly on the idea that such a company can achieve long-term performance by making all its participants concentrate on enhancing efficiency and thereby providing customer loyalty, including low-level staff to their highest position representatives. This can be accomplished by the incorporation of all roles and processes relating to quality throughout the business.Licensee Jim listed a property and Licensee Sally sold the property to her client. Jim and Sally work for the same brokerage. This type of sale is known as what?
Answer:
The answer is In-house sale.
Explanation:
In-house sale is a situation in which the listing broker is the same(no other broker involved) that buys the asset for sale. Licensee Jim and Licensee Sally work for the same brokerage and the listing and eventual sale of the property is between them(same brokerage). There is no sharing of brokerage commission.
An application for health insurance was submitted on November 1 with the initial premium and a conditional receipt was provided. Due to an existing medical condition, the underwriter requested an Attending Physician Statement, medical exam, and MIB report. After reviewing all sources of insurability, the insurer issued the policy as substandard with a surcharge. The policy was delivered by the producer on December 1 after explaining the coverage and surcharge, obtaining the statement of good health, and collecting the premium. Coverage became effective as of the date the:
Answer:
B. Agent explained the policy coverage, surcharge, and collected the additional premium
Explanation:
The options were not included in the question:
A. Medical exam was completed and underwriting reports were received B. Agent explained the policy coverage, surcharge, and collected the additional premium C. Policy was mailed to the agent for legal delivery D. Application and initial premium were submitted, and conditional receipt was providedBasically the coverage will become effective after the additional premium is collected and all the changes to the policy have been explained to the customer. Insurance policies generally only become effective after the whole premium has been paid. There is no such thing as insurance credit. Imagine if you could purchase insurance on credit, no one would pay the policies if nothing bad happened to them . The whole concept of insurance is about it being prepaid.
Several of the firm's representatives interviewing a candidate at the same time is typical of what type of interview
Answer:
When two or more representatives of a company interview a candidate at the same time, it is referred to as board or panel interview.
It is in most cases a formal interview and is common with high-level positions, in academia and for government positions.
It is usually more effective to have a carefully selected team for a board interview. A divided panel will produce very poor results with a board interview. The questions to be asked are equally important.
Cheers!
Zokro, a nongovernmental not-for-profit organization, uses the indirect method to prepare its statement of cash flows. In determining its net cash provided (used) by operating activities, Sokro must add back which of the following to the change in net assets?
A. Purchase of equipment.
B. Payment on long-term debt.
C. Depreciation.
D. Decrease in accounts payable.
Answer:
C. Depreciation.
Explanation:
The Indirect method reconciles the Operating Profit to the Operating Cash flow by adjusting the following items - (1) Non-cash items previously added or deducted from Operating Profit and (2) Changes in Working Capital.The only item added back on the list is depreciation - non-cash item previously deducted from Operating Income.
Mark currently has a balance of $973.70 in an account he has held for 17 years. He opened the account with an initial deposit of $700. What is the simple interest on the account? (3 points)
Answer:
Simple interest= $273.7
Explanation:
Simple interest is the interest on earned on the principal amount invested only. Kindly note that under this system, only the principal amount invested would earn interest over the course of the investment period
Simple interest is calculated as follows:
Simple interest = Principal × Rate × Time
or
Simple interest = Future sum - Principal amount invested
DATA
Future sum- $973.70
Principal amount invested-700
Simple interest = 973.70 - 700=273.7
Simple interest= $273.7
Olive Maccones dies without a will. She has three sons and seven grandchildren. She owned a substantial amount of property. What happens to the property
Answer:
The property will be transferred according to the Statute of Descent and Distribution.
Explanation:
Intestacy is the situation where a person dies without leaving a will for the sharing of his estate.
When this happens the descent and distribution statute comes into play.
The heirs or next of kin are beneficiaries to the estate. Heirs can be be blood relatives, adopted children, adopted parent, or surviving spouse.
The line of descent is the order of beneficiaries that are from an ancestor. The line of descent can be direct such as sons, or collateral such as cousins.
In this case where Olive Maccones dies without a will and she has three sons and seven grandchildren, her estate will be distributed by a court based on the line of descent of her sons and grandchildren.
You own a stock that had returns of 10.10 percent, −15.86 percent, 19.54 percent, 23.76 percent, and 6.44 percent over the past five years. What was the arithmetic average return for this stock?
Answer:
8.796%
Explanation:
Arithmetic average return = sum of returns / number of years
(10.10% −15.86% + 19.54% + 23.76% + 6.44 ) / 5 = 8.796%
You have been asked to provide an account for an outside consultant, who needs limited access, including being able to create and modify reports, to the network for a short period of time (a few weeks). Which type of account will you give this person?
a. Guest account
b. Current account
c. Saving account
d. None of these
Answer:
a. Guest account
Explanation:
The Guest account is the account in which the other people use the computer without changing the Setting of PC, installing applications or accessing to the files i.e. private. It is to be considered as a temporary sharing your computer. Also, in windows 10 you cannot turn guest account as it is not available from the control panel
here in the given situation, it represents the guest account as it contains limited access i.e. for creating and modifying the reports
hence, the correct option is a.
Estimated costs for activity cost pools and other item(s) are as follows: Machining $500000 Assembling 160000 Advertising 450000 Inspecting and testing 135000 Total estimated overhead is
Answer:
Total estimated overhead is $1,245,000.
Explanation:
Calculation of Estimated Overhead :
Machining $500,000
Assembling $160,000
Advertising $450,000
Inspecting and testing $135,000
Total Overhead $1,245,000
Martin Company incurred the following costs for 70,000 units: Variable costs $420,000 Fixed costs 392,000 Martin has received a special order from a foreign company for 3,000 units. There is sufficient capacity to fill the order without jeopardizing regular sales. Filling the order will require spending an additional $6,300 for shipping. If Martin wants to break even on the order, what should the unit sales price be?
Answer:
Sales price = $8.1
Explanation:
The units sale price should be that that equated the total revenue to the the total relevant cost of the special order
The relevant cost of the special order includes;
1. Variable cost
2. Additional shipping cost
Note the fixed costs are irrelevant for this decision because they would be incurred either way
Variable cost per unit = Total variable cost /Number of unit
= 420,000/70,000 units = $6 per unit
$
Total variable cost of special order
( 3,000× $6) = $18,000
Shipping cost 6,300
Total relevant costs of special order. 24,300
Minimum Sales price = Total relevant cost /number of units
Sales price = $24,300/3,000 units =$8.1
Sales price = $8.1
Meadow Branch Corporation leadership believes that when managers pursue their activities in the right way, positive outcomes will result. Their approach is best described as management by ______.
Complete Question:
Meadow Branch Corporation leadership believes that when managers pursue their activities in the right way, positive outcomes will result. Their approach is best described as management by?
Group of answer choices
A. indicator
B. objectives
C. means
D. outcome
E. goal
Answer:
C. Means.
Explanation:
In this scenario, Meadow Branch Corporation leadership believes that when managers pursue their activities in the right way, positive outcomes will result. Their approach is best described as management by means.
Management by means can be defined as the process of achieving organizational aims, goals and objectives in the right way.
A registered representative that wishes to recommend a variable annuity to a customer must make reasonable efforts to obtain the customer's:________
I liquidity needs
II investment time horizon
III existing assets including insurance holdings
IV intended use of the variable annuity
A. I and II only
B. III and IV only
C. I, II, III only
D. I, II, III, IV
Answer:
D. I, II, III, IV
1. liquidity needs
2. investment time horizon
3. existing assets including insurance holdings
4. intended use of the variable annuity
Explanation:
Before a registered representative gives recommendation on a variable annuity, the following actions amongst others should have been taken:
1. investment time horizon
2. liquidity needs
3. intended use of the deferred annuity
4. existing assets including life insurance
5. investment experience
6. investment objectives
8. obtain the customer's age,
9. annual income
10. financial situation and needs
What is the interest rate on an interest only loan, if the principal balance is $574,000, and the annual payment after year 1 is $24,108...?
Answer:
4.2%
Explanation:
Calculation for interest rate on an interest only loan
Using this formula
Interest rate on an interest only loan=Annual payment after year 1/Principal balance
Let plug in the formula
Interest rate on an interest only loan= $24,108/$574,000
Interest rate on an interest only loan= 0.042 ×100
Interest rate on an interest only loan=4.2%
Therefore the Interest rate on an interest only loan will be 4.2%
For an economy starting at potential output, a decrease in planned investment in the short run results in a(n):
Question:
For an economy starting at potential output, a decrease in autonomous expenditure in the short-run results in a(n):
A. increase in potential output
B. recessionary output gap
C. decrease in potential output
D. expansionary output gap
Answer:
The correct answer is B
Explanation:
A decrease in autonomous expenditure shifts the Planned Aggregate Expenditure curve downward thus creating a lower equilibrium output.
PAE = C + Ip + G + NX
where
PAE = Planned Aggregate Expenditure
C = consumption
Ip = Investment Spending
G = Government Spending
NX = Net Export
If an economy has its output equal to its potential, this will create a reduction in short-run equilibrium output leading to a recessionary output gap.
Cheers!
Merchandise inventory available at the beginning of the period plus cost of goods purchased minus merchandise inventory at the end of the period equals
Answer:
Cost of goods sold
Explanation:
The cost of goods sold is the cost that is directly incurred for producing the goods that are sold by the organization
Here the formula to compute the cost of goods sold is
Cost of goods sold = beginning balance of raw material + purchase made during the year - ending balance of raw material
Therefore the cost of goods sold is the right answer
Patton is trying to decide between a cup of coffee and a glass of orange juice. The coffee costs $1 and yields 10 units of additional utility. The juice costs $2 and yields 22 units of additional utility. If Patton follows the principle of rational choice, he will buy:
Answer:
Juice since it gives Patton the most marginal utility per dollar.
Explanation:
According to the principle of rational choice consumers make purchasing decisions based on the utility they gain per unit dollar of the product.
They choose options that will most serve their self interest.
Rational calculations are done that shows the best option for the consumer.
In the given scenario we will calculate the utility per dollar of coffee and orange juice.
The one with higher utility will be chosen.
For coffee Utility per dollar = 10 ÷ 1 = 10
For juice Utility per dollar = 22 ÷ 2 = 11
Juice has more utility per dollar. So this is the rational option for the consumer.
Porter, in his diamond model, suggested that there is a strong association between _____ and the creation and persistence of competitive advantage in an industry.
Answer:
Vigorous Domestic rivalry
Explanation:
Porter's diamond model is a model that was developed by Michael Porter. The model is one that attempts to explain the economic success of a nation's industry compared to another nation's.
He postulates that the competitive advantage of a nation's industry is hinged on 4 determining factors. These factors include; factor conditions, demand conditions, related and supporting industries, firm strategy, structure and rivalry.
Cheers.
___ refers to segmenting markets by region of a country or the world, market size, market density, or climate. a. Benefit segmentation b. Geographic segmentation c. Usage-rate segmentation d. Demographic segmentation
Answer:
b. Geographic segmentation
Explanation:
Geographic Segmentation refers to the process of dividing markets based on countries, regions, states, or climate. it is segmentation based on geographic location. For example, dividing customers for a particular product into Asian consumers, American consumers and African consumers.
The purpose of segmentation is to better serve the needs of consumers
When some countries increase their imports as a result of worldwide economic growth, other countries must be increasing their:___________
Answer:
export
Explanation:
Import is when goods and services are brought into a country from another country.
If people are buying goods from another country, a country must be selling it to them. The country selling these goods are exporting them.
Export is when a country sells goods to another country.
For example, if US buys cars from Germany. US is importing the cars while Germany is exporting the cars
michelle works in retail and cant decide what products to include in the stores front window display what is the first step she should take to solve this problem
Michelle works in retail and can't decide what products to include in the store's front window display. What is the first step she should take to solve this problem?
A. List the options.
B. Evaluate the decision/choice.
C. State the problem.
D. Determine the pros and cons.
Answer:
C. State the problem.
Explanation:
To start with, Michelle must remember why he wants to put the product on the front window display. Next, he has to remember what he gains from displaying the products which are to advertise to potential customers.By stating this problem, Michelle now knows what products to include in the front window display because he can now sort the products that are likely to attract customers and display them.A person is deemed to be "in the business of selling or renting real estate" if they have in the past ______ months, participates as an agent, other than the sale of his own personal residence, in providing sales or rental facilities or sales or rental services in ________ or more transactions involving the sale or rental of any dwelling or any interest therein, and is the owner of any dwelling designed or intended for occupancy by, or occupied by, _______ or more families.
Answer:
12 months, two, five
Explanation:
As per different Federal Acts in the country, the law defines a person to be in the business of real estate in two categories:
Principal: The one who has minimum experience of twelve months, and has completed at-least 3 transactions of selling or rental facilities.
Agent: This one majorly works for the former principle. As we see, to call himself an agent, he has to have a work experience of 12 months, but in those twelve months he has at-least done 2 activities of sale or renting, or is involved for dwelling facilities designed for providing families or more.
Complete the sentence using the appropriate word.
A person is deemed to be "in the business of selling or renting real estate" if they have in the past 12 months, participates as an agent, other than the sale of his own personal residence, in providing sales or rental facilities or sales or rental services in two or more transactions involving the sale or rental of any dwelling or any interest therein, and is the owner of any dwelling designed or intended for occupancy by, or occupied by, five or more families.
Real estate can be categorized into different types. They are
Residential, Commercial,Industrial,AgriculturalTherefore, Real estate company can be categorized into two:
Principal: Has a minimum of 12 months experience has completed at least three transactionsAgents: Also has at least 12 months experience but number of transactions completed is at least two.Learn more about real estate:
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Many managers quickly cut prices when faced with slow sales or an economic downturn. History shows, however, that cutting prices is not always the best strategy. Why is this the case?
Answer:
cutting prices reduces gross margin that may be difficult to recover
Explanation:
This is the case because cutting prices reduces gross margin that may be difficult to recover. A company's gross margin is the sales revenue they retain after paying off all of the direct costs associated with producing the various goods it sells. This happens because customers get accustomed to the low prices and tend to hesitate and not buy the company's products when they are priced higher, thus making it very difficult to recover their previous gross margin.
As an HR manager at an electronics firm, you learn that the position of Technician I at your firm is underpaid. What would be the best way to handle this situation
Answer:
tgeg dbchd dunf djngn
Explanation:
The idea that the natural rate of unemployment is increased following extended periods of unemployment is called:
Answer:
Hysteresis
Explanation:
Hysteresis is an economic term that describes a situation that persists even after the events that lead to that situation is removed.
For example if there was an increase in unemployment as a result of a recession. The recession ends and economic growth increases.
Unemployment may continue to increase despite the recession having ended.
Hysteresis implies that there is a time lag between when an input is applied and when the effect is felt.