Answer:
income effect; higher price
Explanation:
Income effect is a change in demand for a good or service as a result of a change in a consumer's purchasing power resulting from a change in income or price.
If price increases, the purchasing power is reduced and as a result of the income effect, the demand for a good falls.
Income effect is one of the factors that explain a downward sloping demand curve. the other effect is the substitution effect
Ideally, the price established for a transfer of goods or services between two decentralized organizational units within a company would be one that would always motivate the managers of both units to act in a way that is in the best interest of the company as a whole.
A. True
B. Flase
Answer:
A. True
Explanation:
Firms that operate different divisions or subsidiaries must always present a consolidated balance that includes all the department, divisions or subsidiaries. Any gain resulting from inter company sales must be adjusted, i.e. your right arm cannot make a profit if it sells to your left arm.
Whenever inter company sales take place, ideally, the ultimate goal should be to improve the entire company's financial position, not only improve the gains from one division by hurting another division.
If the amount realized at a Sheriff's sale upon a delinquent mortgage is more than the indebtedness, the excess belongs to:_____.a. the Sheriff's office.
b. the mortgagee.
c. the mortgagor.
d. the purchaser.
Answer: The mortgagor
Explanation:
If the amount realized at a Sheriff's sale upon a delinquent mortgage is more than the indebtedness, the excess belongs to the mortgagor.
It should be noted that the mortgagor is the borrower, therefore he or she is the person that is entitled to the excess received upon the sake of the asset.
According to the classification system of voluntary and involuntary career changers, an involuntary career changer is in transition for what type of reasons
Answer: external
Explanation:
According to the classification system of voluntary and involuntary career changers, an involuntary career changer is in transition for external type of reasons.
It should be noted that the reason for this involuntary career change can be due to restructuring in organization which brings about that job elimination.
what kind of technology refers as local technology or indigenous technology ?
Answer:
Local technology refers to the technology which are used in our locality from the ancient time and are made of locally available materials for the welfare of local people.
Answer:
Local technology refers to the technology which are used in our locality from the ancient time and are made of locally available materials for the welfare of local people.
Explanation:
The tax assessment ratio for a house valued at $250,000 is 80%. If the tax rate is $2.00 per $100 what is the annual tax?
Answer: $5,000
Explanation:
given data:
tax ratio = 80%
valuation of the house = $250,000
tax rate = $2/$100.
solution:
total annual tax
= $250,000 /$100
= $2500
total tax rate = $2/$100
= $2 * $2,500
= $5,000.
therefore, the total tax due to be payed annually is $5000. This would have not been the case if it has been 80% generally.
Answer:4000
Explanation:
On July 22, Peter sold $23,500 of inventory items on credit with the terms 2/15, net 30. Payment on $15,000 sales was received on August 1 and the remaining payment was received on August 12. Assuming Peter uses the gross method of accounting for sales discounts, which one of the following entries was made on August 1 to record the cash received?
a. Cash..........14,700
Sales Discount. 300
Accounts Receivable 15,000
b. Cash.... 15,000
Accounts Receivable. 15,000
c. Cash.... 14,700
Accounts Receivable 14,700
d. Accounts Receivable. 300
Sales Discount Forfeited.. 300
Answer:
Entries that were made on August 1 to record the cash received is :
a. Cash..........14,700
Sales Discount. 300
Accounts Receivable 15,000
Explanation:
When the Inventory items were sold the entries are :
Trade Receivables $23,500 (debit)
Sales Revenue $23,500 (credit)
When payment is received on August 1, the payment is made within the discount period and the customer is eligible for the 15% cash discount.Entries would be as follows :
Cash $14,700 (debit)
Discount allowed $300 (debit)
Trade Receivable $15,000 (credit)
Bethany works for FastFashion Inc. which has set the same sales target for all employees in their 550 stores across the globe. The company fails to take into account any environmental constraints which might hamper sales and to avoid being penalized, employees often falsify their sales reports. What is triggering the employees' unethical behavior?
a. national differences in factors of production
b. cultural differences of countries
c. unrealistic performance goals
d. varying ethical standards in different nations
e. strong personal ethics among employees
Answer: c. unrealistic performance goals
Explanation:
From the question, we are informed that Bethany works for FastFashion Inc. which has set the same sales target for all employees in their 550 stores across the globe and that the company fails to take into account any environmental constraints which might hamper sales and to avoid being penalized, employees often falsify their sales reports.
Based on the scenario above, the issue triggering the employees' unethical behavior is unrealistic performance goals. Since the employees don't meet their target, they falsify their sales report.
âWhy would you not want to use money (e.g., quarters) as tokens in a token economy for juvenile delinquents in a residential treatment program?
Answer:
Using money as tokens in a token economy for juvenile delinquents would be problematic mainly for two reasons:
1. The juvenile delinquents may steal the tokens from each other, making theft a problem in the place.
2. They might use the tokens to buy forbidden goods from outside the facility (things such as weapons or drugs).
A city taxes merchants for various central district improvements. Which of the following accounting methods assist(s) in assuring that these revenues are expended legally?
Fund Accounting Budgetary Accounting
Yes No
No No
Yes Yes
No Yes
Answer: Yes Yes
Explanation:
Fund Accounting in relation to the public sector is used to record resources which are to be restricted in their use by the the law and the main emphasis under this accounting system is to be accountable for the funds given not to record profit. It can therefore be used to ensure that the revenues the city gets will be spent legally by making sure that the entries reflect accountability from those who use it.
Budgetary Accounting in the public sector as well can be useful for seeing that revenues are expended legally as it is based on budgets which list the amounts that should go towards each project to be undertaken and which follow legal compliance.
Mary Scoot was hired to manage the Cactus Cart, a tiny kiosk located in Sky Harbor Airport in Phoenix. No specific duties were listed, but the business owner who hired Mary told her, "Just sell the plants and deposit the money." Mary would have the implied authority to:
Answer: take checks as payments
Explanation:
From the question, we are informed that Mary Scoot was hired to manage the Cactus Cart, a tiny kiosk located in Sky Harbor Airport in Phoenix and that no specific duties were listed, but the business owner who hired Mary told her to sell the plants and deposit the money.
In this scenario, Mary would have the implied authority to take checks as payments. This is because she has been told to deposit the money and she can take the checks along to the bank.
When completing an enrollment application in LEAN, why is an agent prohibited from entering their own email address in a field available for the consumer's email address?
Answer:
This is because of the ethics guiding the body. For example, ethically, it is wrong for the agent to put his email address in the application in LEAN where it should have been the customer's own. There is a possibility of the identity theft or fraud being committed when such happens.
Explanation:
"A customer in a low tax bracket has just inherited $10,000 and is looking for an investment that will provide current income and liquidity. The BEST recommendation is a:"
Answer:
The missing options are as follows:
A. Corporate Bond ETF
B. Variable Rate Bond
C. Municipal Bond Fund
D. Treasury STRIPS
Correct option is A, Corporate Bond ETF
Explanation:
Since corporate bond EFT is traded on a recognized exchange, divesting in no distant time makes the investment the most liquid out of the options provided.
Also, income is also received on periodically, mostly on semiannual basis in terms of receipt of coupon interest.
Above, the principal is repaid at maturity, in other words, the investor receives cash all the way.
Sam's new to Google Search Ads and worries he may not have the skills or time to run a successful ad campaign. Which two Dynamic Search Ads features will be of help to Sam?
Complete Question:
Sam’s new to Google Search Ads and worries he may not have the skills or time to run a successful ad campaign. Which two Dynamic Search Ads features will be of help to Sam? (Choose two.)
Group of answer choices
A. The user interface for Dynamic Search Ads excludes all manual controls.
B. Dynamic Search Ads require no initial user configuration.
C. Destination URLs are automatically kept up-to-date.
D. Dynamic Search Ads don’t have to undergo the bidding process.
E. Machine learning helps automatically find new keywords.
Answer:
C. Destination URLs are automatically kept up-to-date.
E. Machine learning helps automatically find new keywords.
Explanation:
In this scenario, Sam is new to Google Search Ads and worries he may not have the skills or time to run a successful ad campaign. The two Dynamic Search Ads features that will be of help to Sam are;
1. Destination URLs are automatically kept up-to-date.
2. Machine learning helps automatically find new keywords.
Basically, for those who are relatively new to the Google Ads, the company provides a feature known as the dynamic search ads which helps various users to easily run a successful ad campaign. Through the use of machine learning, a dynamic search ad allows phrases and titles associated with a website to be automatically indexed and presented as a landing page to any user who is searching with the keywords.
PDX Corp. acquired 100% of the outstanding common stock of Sea Corp. in a business combination accounted for using the acquisition method. The cost of the acquisition exceeded the fair value of the identifiable assets and assumed liabilities. The general guidelines for assigning amounts to the inventories acquired provide for
Answer:
Cost of Inventory = Selling Prices - Cost to Sell - Reasonable Profit Allowance
Explanation:
Acquisition Accounting tells about how to report accounts and with what amount in a consolidated financial statements. It also helps in assigning values to goodwill, NCI and combined business operations like Marketing, Selling, Manufacturing costs, etc.
Under Acquisition Accounting the net assets are always valued at their fair market value and the inventory is reported at:
Cost of Inventory = Selling Prices - Cost to Sell - Reasonable Profit Allowance
(Scenario: A Monopolist) A monopolist faces a demand curve given by P = 20 Q and has total costs given by TC = Q2. By using a bit of calculus, you should be able to determine that the firm's marginal revenue is MR = 20 2Q and its marginal cost is MC = 2Q. What is its profit-maximizing output level?
Answer:
The correct option is a.5.
Explanation:
Note: This question is not complete as some important signs are committed from it. The complete question is therefore provided before answering the question as follows:
A monopolist faces a demand curve given by P = 20 - Q and has total costs given by TC = Q2. By using a bit of calculus, you should be able to determine that the firm's marginal revenue is MR = 20 - 2Q and its marginal cost is MC = 2Q. What is its profit-maximizing output level?
a.5
b.6
c.7
d.8
The explanation of the answer to the question is now provided as follows:
A monopolist refers to the a person or company who is the only supplier of a commodity in the market.
For a monopolist, profit is maximized when marginal revenue (MR) is equal to the marginal cost (MC). That is, where MR = MC. This implies that the profit-maximizing output level of a mopolist can be obtained by setting MR equal to MC.
Since in the question, we are given the following:
MR = 20 - 2Q ………………………………………. (1)
MC = 2Q ……………………………………………… (2)
We can therefore equate equations (1) and (2) and solve for Q as follows:
MR = MC
20 – 2Q = 2Q
20 = 2Q + 2Q
4Q = 20
Q = 20 / 4
Q = 5. This is the profit maximizing output level.
Therefore, the correct option is a.5.
A home was appraised for tax purposes at 70 percent of its $150,000 purchase price. The mill rate is 28.6. What are the annual taxes?
Answer:
$3,003
Explanation:
The computation of the annual taxes is shown below:
= (Given percentage × purchase price × mill rate) ÷ (1,000)
= (0.70 × $150,000 × 28.6) ÷ (1,000)
= (3,003,000) ÷ (1,000)
= $3,003
Hence, the annual taxes is $3,003
We simply applied the above formula so that the annual taxes could come and the same is to be considered
Assume that the store Stephanie manages has an employment manual and personnel bulletin that both state that, as a matter of policy, workers will be dismissed only for good cause. Which of the following is true?
a. The employment at will doctrine will override this policy in all cases.
b. The employment at will doctrine will override this policy unless there is a written employment contract that states that the manual and the bulletin will control the employment relationship.
c. The courts may find that the bulletin and manual create an implied contractual right, whether or not there was any expectation of reliance by the employees on the policy.
d. The courts may find that the bulletin and manual create an implied contractual right, but only where there was expectation of reliance by the employees on the policy.
Answer:
The answer is "Option c"
Explanation:
Its Stephanie shop tries its job rule book and staff newsletter, both of which state that employees are only disregarded for great charity as regards policy, that's why its courts can determine its bulletin, as well as manual, generate an implied constitutional obligation, irrespective as to whether employees are expected to rely on the policy.
The average cost of production for a bottle of water in the industry is 0.20 cents while its average price is 0.50 cents. Water Inc. manufactures the same product for 0.10 cents while its average price is 0.40 cents. Which of the following statements is most likely true of Water Inc. in this scenario?A. It has a competitive advantage in the industry.B. It has a competitive disadvantage in the industry.C. It has competitive parity with other firms in the industry.D. It has formed a strategic alliance with other firms in the industry.
Answer: A. It has a competitive advantage in the industry
Explanation:
From the question, we are informed that the average cost of production for a bottle of water in the industry is 0.20 cents while its average price is 0.50 cents and that Water Inc. manufactures the same product for 0.10 cents while its average price is 0.40 cents.
The scenario shows that Water Inc has a competitive advantage in the industry. This is seen as the bottle of water is produced at a cheaper cost wen compared to its rivals.
Ralph and Sven enter into a contract under which Sven agrees to guide Ralph's expedition through Tibet for which Ralph agrees to pay Sven. This contract may not be assigned if
Answer:The assignment will significantly change the risk of nonperformance
Explanation:
The contract between Raph and Sven may not be signed if the following is breached;
•The assignment will significantly change the risk of nonperformance
•The assignment is expressly prohibited by the terms of the contract.
•The contract is uniquely personal in nature.
The opportunity cost of a choice is the _____ of the opportunities lost.a. Valueb. Interest
Answer:
a. Value.
Explanation:
The opportunity cost of a choice is the value of the opportunities lost.
In Economics, Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.
Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.
Hence, the opportunity cost of a choice is the benefits that could be derived in from another choice using the same amount of resources.
For instance, if you decide to invest resources such as money in a food business (restaurant), your opportunity cost would be the profits you could have earned if you had invest the same amount of resources in a salon business or any other business as the case may be.
A large scale study conducted over a one year period has shown that break-ins at home occur about 6% of the time in the population. the study also shows home security alarms went off 4% of the time when no one was breaking into the home. the security alarm failed to go off 3% of the time when someone was really breaking into the home. what is the probability that a home has been broken into and the alarm did not go off?
Answer:
0.0018
Explanation:
The computation of the probability in the case when the home is broken and the alarm did not go off is shown below:
= P(Broken into) × P(Alarm did not go off)
= 0.06 × 0.03
= 0.0018
By multiplying the broker into with the alarm did not go off so that the probability could come and the same is to be considered
Employers will often provide such perks as health insurance and paid vacation that are designed to be attractive and useful to employees. Collectively these perks are known as:
Answer:
employee benefits.
Explanation:
Employers will often provide such perks as health insurance and paid vacation that are designed to be attractive and useful to employees. Collectively these perks are known as employee benefits.
They are typically incentives that are being introduced by employers of labor so as to enhance their welfare and by extension to encourage them to put in their best in their respective duties, roles or job functions.
Select the best answer: A Notary Signing Agent has been providing signing services with no incidents for over 10 years without having undergone a background screening. Therefore he or she:
Answer:
Must still arrange to obtain and pass a background screening
Explanation:
A notary agent is also called a signing agent and they obtain the official signature of an appearer on a document. They ensure that legal documents are authentic, they check identity of the person signing, and serve as witness.
Notary agents are required to obtain a background check every 12 months.
Background checks verify identity, address, criminal record search, vehicle records, and known terrorist list check.
So the notary agent that has been providing signing services for 10 years still needs to obtain a background check.
Firms that specialize in helping companies raise capital by selling securities are called _______________.
Answer: investment banks
Explanation: Investment banks are financial institutions that deals with raising capital, trading in securities and managing corporate mergers and acquisitions. They specialize in helping companies raise capital by selling securities (a tradeable financial asset, such as a share of stock, bonds and so on.
The Floral Shoppe and Maggie's Flowers are all-equity firms. The Floral Shoppe has 1,800 shares outstanding at a market price of $21 a share. Maggie's Flowers has 2,300 shares outstanding at a price of $32 a share. Maggie's Flowers is acquiring The Floral Shoppe for $37,000 in cash. The incremental value of the acquisition is $2,800. What is the net present value of acquiring The Floral Shoppe to Maggie's Flowers
Answer:
the net present value is $3,600
Explanation:
The computation of the net present value is shown below:
Net present value = Incremental value - additional cost incurred
where,
Incremental value is $2,800
And, the additional cost incurred is
= $37,000 - 1,800 × $21
= $37,000 - $37,800
= -$800
So, the net present value is
= $2,800 - (-$800)
= $3,600
Hence, the net present value is $3,600
Which type of stock price adjustment time path occurs when there is a bubble (price run up) in the path followed by a decline after the market receives information about the stock
Answer:
Overreaction and correction
Explanation:
Stock overreaction can be defined as the difference between the lowest price of stocks as a result of an event; e.g an election; and the price of the stocks after the event, after a period of time.
Stock correction on the other hand can be defined as a 10% or more decrease or decline in the value of an the financial market.
Each of stock overreaction and correction have causative events, as those events are the determinants of the change in the prices of stocks during the said time.
For stock price correction, it usually occurs as a result of economic issues. Stock correction can take from weeks to months to happen and it can have a damaging effect on stocks on the short term but could actually be good for the stock prices if the correction occurs over a longer period of time.
Stock price overreaction, as seen from the definition, can be caused by an election or an event within the floor of teh stock exchange which excites stocks at that period.
Cheers.
"Pat bought a house and got a new interest-only loan. She paid $12,600 in interest the first year and the sale price of the property was $210,000. What was the interest rate?"
Answer:
The interest rate is 6%
Explanation:
The computation of the interest rate is shown below:
Interest rate is
= Interest paid for the first year ÷ Sale price of the property
where,
Interest paid for the first year is $12,600
And, the sale price of the property is $210,000
Now place the values to the above formula
So, the interest rate is
= $12,600 ÷ $210,000
= 6%
Hence, the interest rate is 6%
A company bought a parcel of land twenty years ago. The land is currently worth $575,000. The yearly appreciation rate has been 3.7%. About how much did the company pay for the land
Answer:
The company paid $278,031
Explanation:
Giving the following information:
A company bought a parcel of land twenty years ago. The land is currently worth $575,000. The yearly appreciation rate has been 3.7%.
To calculate the past value of the land, we need to use the following formula:
PV= FV/(1+i)^n
PV= present value (20 years ago)
n= 20
FV= 575,000
i= 0.037
PV= 575,000 / (1.037^20)
PV= $278,031
During the rainy season, people look to buy raincoats and umbrellas. Elements, an apparels manufacturer, caters to this need. Which action would represent the conversion of this need into a want?
Answer:
The definition of the problem is listed in the Clarification column elsewhere here.
Explanation:
By implementing a collection talking things-through umbrellas that illuminate throughout the night, Raindrop will turn the said requirement into something like a desire. Needs represent situations of poverty as perceived. The marketing functions are to suit one's requirement, maybe with a should get for food, some rather than the need for IHOP cakes as well as McD's fries.The action that represent the conversion of the need into a want is the raindrop which introduces a line of see-through umbrellas that glow in the dark.
Consumer needs are those things that satisfy their basic requirement while Consumer wants are those requests that are directed to specific types of items.
The manufacturer leverage on the trying to convert human's need into a want for more profit.
In conclusion, the action that represent the conversion of the need into a want is the raindrop which introduces a line of see-through umbrellas that glow in the dark.
Read more about want & need
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Brand 123 has customers in many countries purchasing its bicycles, but its managers are unsure if the brand is truly a "global brand." To be a global brand, how much of Brand 123’s revenue should come from other countries? a. 50% b. 40% c. 70% d. 30%
Answer: d. 30%
Explanation:
Global brands are companies that have achieved international success such that they are recognised in many other countries apart from their own and have many customers in other countries as well.
However, simply being known abroad does not classify a company as a global brand. The company must be generating sufficient revenue from their operations outside as a proportion of their total revenue their home country with sufficient meaning at least 30% of their revenue.