Explanation:
Opportunity cost represents the benefits when we choose one option over another. It is a major concept in economics and can get get easily overlooked while making decisions, if you are not careful.
If you aware of the missed opportunities you make better decisions while choosing one investment over another. It is not shown in financial reports but businessmen use this concept to make better decisions when they face the dilemma of choosing from multiple options.
A(n) ______ is maintained for each financial statement item, whereas a(n) ______ contains all of the accounts of the company.
Answer:
An account is maintained for each financial statement item, whereas a(n) general ledger contains all of the accounts of the company.
Explanation:
Financial statements refers to a statement that that provides formal records of all financial activities and standing of a company or any entity in a structured and easily understandable manner.
For each item of financial statement, an account is kept with the aim of giving a an accurate record of all business activities that are germane to that specific financial statement item.
The purpose of a general ledger is to show individual transactions and resulting account balance of each account of a company as a single collection.
Therefore, an account is maintained for each financial statement item, whereas a(n) general ledger contains all of the accounts of the company.
Religuard is a pharmaceutical company that has factories in Taiwan. Due to environmental regulations in the country becoming stricter, Religuard has had to shut operations at three of its five manufacturing units. Which of the following forces of change had a role to play in the shutting down of these units?
A. market changes
B. social and political pressures
C. managerial behavior
D. technological advancements
E. demographic characteristics
Answer:
B. social and political pressures
Explanation:
The forces that forced Religuard to shut down most of its manufacturing units are social and political pressures. This is simply forces created by social and political events occurring in the geographical location of the units in question. Some examples of these forces are changes in laws, climate change concerns in the population, protests, etc. In this scenario, the forces affecting the company are changes in environmental regulations.
It is extremely important for a researcher to clearly define the variables in a study because this helps to determine the type of analysis that can be performed on the data. for example, if a researcher wanted to describe countriescountries based on isbn left parenthesis international standard bookisbn (international standard book number right parenthesis group identifiernumber) group identifier, what level of measurement would the variable "isbn group identifierisbn group identifier" be? now suppose the researcher felt that certain countries who were farthercountries who were farther northnorth received higher identifying numbersidentifying numbers. does the level of measurement of the variable change? if so, how?
Answer:
Nominal, ordinal
Explanation:
The ISBN numbers given to countries are nominal data as they function only as identifiers and merely used to tell one country from the other as regards ISBN numbers. Nominal measurements are categorical and are seen as names such as I would name 2 persons person 1 and person 2 respectively. Ordinal values are given with condition such that they are given based on certain order. example the countries are given ISBN numbers based on how farther away they are from the north
A lessee with an operating lease should amortize the leased asset over the:_____
a. none of these are true
b. life of the asset or the term of the lease, whichever is shorter
c. life of the asset or the term of the lease, whichever is longer term of the lease
Answer:
A
Explanation:
A lessee is the party that pays for the use of a leased asset under a leasing arrangement.
One major difference between the finance and operating lease is that while the lessee carry the leased asset as an asset in its book under the finance lease , the operating lease does not permit that , but it only record the lease obligation as an expenses in its income statement . To this effect , the lease agreement with an operating lease does not allows either depreciating or amortizing the leased asset
A redesign of an automobile tire to make it more resistant to punctures would be a/an ____ innovation. radical organic breakthrough incremental
Answer:
Incremental .
Explanation:
A redesign of an automobile tire to make it more resistant to punctures would be an incremental innovation.
Innovation can be defined as a quality possessed by an individual or group of people such as an entrepreneur and typically involves the process of improving on an existing product or ideas.
Generally, an incremental innovation refers to the process of upgrading and strategic improvement made to an organization's product or services, so as to enhance its effectiveness and efficiency.
Unions, which have market power over the supply of labor, can threaten strikes as part of negotiating employment contracts on behalf of union members. What is the effect of unions having this power
Answer:
The effect of unions will be "Union wages are generally higher than nonunion wages".
Explanation:
A group of employees decided to join together through a particular variety of organizations to strengthen their employment conditions and also some help to promote the organization's mutual interests.Union wages or salaries shall be determined by the service agreement. This always appears to mean except for non-union working environments, union employees again for the entire length of everyone's agreement should not have to think too hard concerning compensation or welfare cuts.So that the above is the appropriate answer.
The amount of money the policyholder pays per claim before the insurance company will pay on the claim is known as the:_______.
Answer:
deductible
Explanation:
Deductible is a kind of advance made to healthcare insurance services. It basically works as a quota to meet for healthcare insurance coverage.
It basically makes you eligible to claim the healthcare expense you incur from the healthcare insurance company.
In case the healthcare expense is really low for an individual, then he must consider and choose a healthcare service, where he can pay a good premium but a lower value of deductible is required.
It is inversely proportional to the premium, more the premium, lower the deductible, and vice-e-versa.
Answer:
deductible
Explanation:
"A corporation has issued 20,000,000 shares of common stock at $2 par. The corporation has 5,000,000 shares of Treasury Stock on its books. The aggregate value of the outstanding shares is:"
Answer:Aggregate value of the outstanding shares = $30,000,000.
Explanation:
issued stock = 20,000,000 shares
Treasury Stock = 5,000,000 shares
Outstanding stock = Issued stock -Treasury stock
20,000,000 shares - 5,000,000 shares = 15,000,000 shares
Aggregate value of the outstanding shares=shares outstanding X par value
= 15,000,000 shares x $2= $30,000,000.
In February of each year, the Ritz Hotel holds a very popular wine tasting. Tickets must be ordered and paid for in advance, and are typically sold out by November of the preceding year. The realization principle indicates that the revenue from these ticket sales should be recognized in the period in which the:
Answer:
wine tasting is held
Explanation:
Based on the realization principle the revenue from these ticket sales should be recognized in the period in which the wine tasting is held. That is because this principle states that revenue can only be recognized once the goods/services associated with the revenue have been delivered or rendered, respectively in such a way that the revenue was earned by the providers. Therefore, since the tickets are for attending a wine tasting, the revenue cannot be recognized until after the wine tasting has been held.
Which one of the following choices best describes when a culture should be changed as rapidly as it can be managed? A. Never, because the actions and behaviors needed to execute the new strategy successfully are well entrenched, and thus are not changeable B. Only rarely, because it is natural for company personnel to cling to existing practices and to be wary of new approaches C. When a company decides on any innovations to its products or services D. When a strong culture is unhealthy or otherwise out of sync with the actions and behaviors needed to execute the strategy successfully E. When the case for cultural reform is not credible, symbolic, nor substantive
Janice works for a pet store where everyone is committed to the happiness of the animals. Often employees, bosses and hourly workers alike, come into the store "off the clock" and spend time training the animals. Everyone loves the store, the animals, and their jobs. This attitude of her coworkers inspires Janice to do her best. Based on this information, we can say that Janice is experiencing the effects of ________. centralization high departmentalization organizational climate high work specialization high formalization
Answer: Organizational climate
Explanation:
It is often said that humans are a product of their surroundings which means that humans are more likely to act as the people they are constantly surrounded by do.
This is no different in the business world. The Organizational Climate refers to the way employees in a firm think that firm behaves or would like them to behave. In the case of Janice, the climate is most probably that of dedication and love for the job so Janice emulates this and puts it into her work ethic as well.
A government makes a contribution to its pension plan in the amount of $10,000 for year 1. The actuarially-determined annual required contribution for year 1 was $13,500. The pension plan paid benefits of $8,200 and refunded employee contributions of $800 for year 1. What is the pension expenditure for the general fund for year 1
Answer:
$10,000
Explanation:
Based on the information given we were told that the government contribution to the pension plan was the amount of $10,000 for year 1 which simply means the amount of $10,000 will be the pension expenditure for the general fund for year 1.
Therefore the pension expenditure for the general fund for year 1 will be $10,000.
Organizational climate is defined as the set of shared, taken-for-granted, implicit assumptions that a group holds and that determines how it perceives, thinks about, and reacts to its various environments.
a. True
b. False
Answer:
False.
Explanation:
Organizational culture is defined as the set of shared, taken-for-granted, implicit assumptions that a group holds and that determines how it perceives, thinks about, and reacts to its various environments.
Generally, there are four (4) main functions of the organizational culture and these are;
1. To ensure social system stability.
2. To establish organizational identity.
3. To act as a sense making tool.
4. To encourage collective commitment in an organization.
Under what type of compensation plan is the agent responsible for the costs of advertising and promotion?
Answer:
100% plan
Explanation:
The 100% plan is when the agent doesn't have a base salary and the job pay depends completely on the comission for selling products. This compensation plan provides a big earning potential and the agent is an independent contractor and would have to cover costs of advertising and promotions. Because of that, the answer is that the type of compensation plan in which the agent is responsible for the costs of advertising and promotion is the 100% plan because the agent is not considered an employee and only receives the comission and has to cover the costs associated with advertising and promotion.
If purchasing power parity holds, a bushel of rice costs $10 in the US, and the nominal exchange rate is 2 Thai bhat per dollar, what is the price of rice in Thailand
Answer:
20 bhat
Explanation:
Calculation for the price of rice in Thailand
Using this formula
Price=Costs×Nominal exchange rate
Let plug in the formula
Price =$10×2 Thai bhat per dollar
Price =20 bhat
Therefore the price of rice in Thailand will be
20 bhat
Based on the following assumptions, calculate the total monthly fixed and variable costs for a company that manufactures cellular phones.
The company produces 2,000 cellular phones a month
Cost to make each cellular phone is $25
A phone Cellular Phones are sold for $130
A phone Monthly Rent for the Building is $15,000
Fixed expenses are $40,000
Answer:
Total monthly fixed and variable costs:
a) Monthly Fixed costs:
Rent for building = $15,000
Fixed expenses = 40,000
Total fixed costs = $55,000
b) Variable costs = $25 per phone
Total phones produced = 2,000
Total variable costs = 2,000 * $25
= $50,000
Explanation:
a) Data:
Quantity of phones per month = 2,000
Variable cost per phone = $25
Selling price per phone = $130
Monthly Rent for building = $15,000
Fixed Expenses = $40,000
b) The company's fixed costs are the expenses that are constant over a period of time. The unit fixed costs varies with the level of production while the total remains constant. Example is the monthly rent for building, which is $15,000. The variable costs are the costs the company incurs which vary according to the level of production or activities. The unit cost remains constant while the total variable costs changes.
An engineer sketches detailed drawings of the keypad of a new cell phone. What stage in the product development life cycle is this?'
Answer:
Concept stage
Explanation:
The concept design stage is the stage of the design process that comes after the feasibility of the product has bee conducted and options or alternatives have been weighed with a decision and product specification documentation created. The concept stage design is the first design on the product showing the details of the product as contained in the specification documentation.
A _____ is a document used to coordinate all project planning documents and help guide a project's execution and control.
Answer:
a finalized document is a document
A Project management plan is a document used to coordinate all project planning documents and help guide a project's execution and control.
What is meant by Project management plan?A Project management plan is a formal, approved document that defines how the project is executed, monitored, and controlled. It may be a summary or a detailed document and may include baselines, subsidiary management plans, and other planning documents.The project management plan outlines the scope, budget, goals, timeline, and project deliverables. The project management plan should be used as a reference throughout the project to confirm that project management is carried out regularly and in sync with the policies and procedures.A Project management plan is a document used to coordinate all project planning documents and help guide a project's execution and control.
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Which of the following is NOT an essential element of a contract for the purchase of a one- to four-family residential resale property?a) Competent partiesb) Considerationc) Offer and acceptanced) Earnest money
Answer:
a) Competent parties
Explanation:
This is not an essential element of such a contract because basically we would not expect a minor to be involved in a transaction of a four-family residential resale property.
Remember, competent parties contract requirements are that the two parties in the sale contract should be persons legally and mentally capable of entering into contracts that is enforceable by law.
The driver in the car exercise 6 becomes abusive toward you after your recovery. The driver
followers you on your jogs and yells threats at you. He has recently taken to driving very close
to you as you jog. What can you legally do to make him stay away
Answer: Get an Injunction against his activity
Explanation:
An Injunction is a warning or order from a Court of law that prohibits a person from initiating, engaging or continuing to engage in an action that is going against the legal right of another person.
As this driver is infringing on your rights to not be intimidated by another, you can get an injunction from the Courts to compel him to stop his actions of following you around and threatening you.
A firm has $200 million in total revenue and explicit costs of $190 million. Suppose its owners have invested $100 million in the company at an opportunity cost of 10 percent interest rate per year. The firm's economic profit is:
Answer:
Zero
Explanation:
Economic profit is total revenue minus total opportunity cost (Explicit and implicit cost). In this problem, implicit cost is the 10% interest from investment of $100 million. Economic profit is $200 million minus explicit cost ($190 million + $10 million = $200 million) which equals zero.
Determine how the transaction changes the accounting equation. The company paid cash for supplies from The Office Store. a. Assets - decrease; Assets – increase b. Assets - decrease; Liabilities – decrease c. Assets - decrease; Owner's Equity – decrease Selected: d. Assets - increase; Liabilities – increaseThis answer is incorrect. e. Assets - increase; Owner's Equity – increase f. Liabilities - decrease; Owner's Equity – increase g. Liabilities - increase; Owner's Equity - decrease
Answer:
idk
Explanation:
The point that each glass of lemonade consumed on a hot day brings lower and lower levels of satisfaction is known as the principle of
Answer:
decreasing marginal benefit.
Explanation:
A consumer measures the amount of satisfaction gained by consuming a product in making a buying decision.
When a person comes a product his satisfaction increases up to a point, and from that point as consumption increases the satisfaction derived reduces.
Consumption after this point is known as decreasing marginal benefit to the customer.
This affects the customer's willingness to buy more of this product. Patronage of lemonade will reduce as the customer looks for another product to satisfy his needs.
Higher prices of imported resources will: A. shift the aggregate supply curve to the left B. move the economy downward and to the right along the aggregate demand curve C. make the aggregate demand curve steeper D. shift the aggregate demand curve to the left
Answer:
A. shift the aggregate supply curve to the left
Explanation:
This is because, the higher the prices of imported resources, the higher the quantity supplied while at the same time the quantity purchased would be lower.
Ultimate Sportswear has $100,000 of 8% noncumulative,nonparticipating,preferred stock outstanding.Ultimate Sportswear also has $500,000 of common stock outstanding.In the company's first year of operation,no dividends were paid.During the second year,the company paid cash dividends of $30,000.This dividend should be distributed as follows:_________
A) $8,000 preferred;$22,000 common.
B) $16,000 preferred;$14,000 common.
C) $7,500 preferred;$22,500 common.
D) $15,000 preferred;$15,000 common.
E) $0 preferred;$30,000 common.
Answer:
$8,000 preferred; $22,000 common
Explanation:
Ultimate sportswear has $100,000 of 8% noncumulative stock, preferred outstanding stock
They also have $500,000 of common stock outstanding
The company made a cash dividend payment of $30,000
Therefore the preferred stock dividend and common stock dividend can be calculated as follows
Preferred stock dividend
=$100,000×8/100
= $100,000×0.08
= $8,000
Common stock dividend= $30,000-$8,000
= $22,000
Hence the preferred stock dividend is $8,000 and the common stock dividend is $22,000
Representatives of the apparel, footwear, furniture, and textile industries in many countries are deeply concerned about the impact that increased trade with ________ will have on these sectors.
Answer: China
Explanation:
Trade is simply when goods or services are being transferred from one person to another person, usually with money being exchanged.
Representatives of the apparel, footwear, furniture, and textile industries in many countries are deeply concerned about the impact that increased trade with China will have on these sectors.
"Rule 105 of Regulation M, covering transactions that occur in the secondary market during the 20-day cooling off period for "add on" securities offerings, requires that any short sales of the issue that occur:"
Answer: B. I and IV
Explanation:
Here is the completed part of the question:
I that occur 5 business days prior to the effective date
II that occur 20 business days prior to the effective date
III can only be effected on an upbid
IV cannot be covered by purchasing the issue from the syndicate
A. I and III
B. I and IV
C. II and III
D. II and IV
The Rule 105 of the Security Exchange Commission Regulation M covers the activities in the secondary market that are related to the public offerings they have been registered and also limits syndicate members purchasing securities during the 20 days cooling off period.
Therefore, Rule 105 of Regulation M, covering transactions that occur in the secondary market during the 20-day cooling off period for "add on" securities offerings, requires that any short sales of the issue that occur 5 business days prior to the effective date and cannot be covered by purchasing the issue from the syndicate
Red Barchetta Co. paid $27,860 in dividends and $28,815 in interest over the past year. During the year, net working capital increased from $13,698 to $18,419. The company purchased $42,880 in fixed assets and had a depreciation expense of $17,165. During the year, the company issued $25,200 in new equity and paid off $21,280 in long-term debt. What was the company's cash flow from assets?
Answer:
the company's cash flow from assets is - $42,880.
Explanation:
Cash flow from assets is also known as cash flow from investment activities.
Prepare a section of cash flow from investing activities to determine the cash flow from assets.
The only cash flow from investing activity is purchase price (cash outflow) of the assets of $42,880.
A broker only shows homes in certain neighborhoods based on matching existing residents with similar potential buyers. This broker is guilty of what prohibited activity?
Answer: Steering
Explanation;
Steering is a prohibited activity that involves the showcasing of houses depending on the people who want to buy the house by showing them only houses in certain neighborhoods based on certain characteristics such as race or gender.
It is prohibited as people have the right to buy houses wherever they please and should be given the opportunity to do so by being shown all available houses.
Nike provides technical specifications to a subcontractor or local manufacturer for its products. What is this arrangement called and what are its major benefits and drawbacks
Answer:
Explanation:
The defined process is Contract manufacturing agreement .
Contract manufacturing agreement is a process where a client agrees with a manufacturer to design , manufacture according to specified requirements and deliver these goods which the client intends to integrate into his own final products.
Major benefits
It offers expertise skills in the process of production
Cost saving in capital , labor and other costs related to production, budgets are better managed and profit increases
It also gives time to focus on other business related activities
Drawback
Poor manufacturer might be engaged if research was not properly done before engagement . leading to bad products and bad reputation in the market
There is also a risk of potential delay in delivery