Rasheed Company assigns $400,000 of its accounts receivable as collateral for a $200,000 loan. The company is required to record this transaction, the collection of the receivables, and the payment of the loan with applicable finance charges and interest in its journal entries.
On April 1, 2025, Rasheed Company's journal entry for the loan will be:
1. Debit Cash $200,000, Debit Finance Charge Expense $8,000, Debit Interest Expense $20,000, Credit Notes Payable $200,000, Credit Accounts Receivable $28,000. Rasheed's journal entry for the collection of $350,000 of the receivables from April 1, 2025, to June 30, 2025, will be: 2. Debit Cash $350,000, Credit Accounts Receivable $350,000. On July 1, 2025, Rasheed's journal entry to record the payment of the loan will be: 3. Debit Notes Payable $200,000, Credit Cash $200,000. Accounts receivable is the money owed to a company by its customers for goods or services delivered or used but not yet paid for.
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The three elements of the marketing concept are __________.
a. Market share, customer needs, marketing mix
b. Customer needs, company goals, profits
c. Channel management, customer needs, profits
d. Planning, target market, social media marketing
Answer:
B. Customer needs, company goals, profits
Explanation:
Buys large quantities of products directly from the manufacturer and then sells small quantities to retailers.?
Answer:
Wholesaling is the act of buying goods in bulk from a manufacturer at a discounted price and selling to a retailer for a higher price, for them to repackage and in turn resell in smaller quantities at an even higher price to consumers.
Explanation:
Please give the brainliest.
How do customers find out about Donny Ouyang's company
Answer:
People found out about his company through different types of promotion over the Internet. As well as offline around his community. Most people reach his Web sites through search engines like Gooogle and Bing.com.
Explanation:
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what problem common to rural areas of the developing world has the readyset attempted to solve?
The ReadySet is a portable, rugged, and affordable solar-powered electricity system developed by Fenix International. It is specifically designed to address the problem of energy poverty in rural areas of the developing world.
The common problem it aims to solve is the lack of access to reliable electricity in these rural areas. Many communities in developing countries, particularly in remote or off-grid locations, do not have access to a centralized power grid. As a result, people often rely on expensive and polluting sources of energy such as kerosene lamps, candles, or diesel generators.
The ReadySet provides a sustainable and clean energy solution by harnessing solar power. It consists of a solar panel, a battery pack, and multiple charging ports. The solar panel collects energy from the sun and stores it in the battery pack. This stored energy can then be used to power various devices such as lights, mobile phones, radios, and small appliances.
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One difficulty with self-imposed budgets is that they are not subject to any type of review.a. Trueb. False
The answer is true. One of the challenges of self-imposed budgets is that they are not subject to any kind of external review or accountability.
This means that there is no one to check on the accuracy of the budget or to ensure that it is being followed properly. Without external oversight, it can be easy for individuals to cheat or make mistakes in their budgeting, which can lead to financial problems down the line. To address this issue, some people choose to work with financial advisors or use budgeting tools that provide additional checks and balances. By doing so, they can ensure that their budgets are accurate and effective, even without external oversight.
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the knowledge and skills that can be used to create new products, attract new customers, and increase profits is called
The knowledge and skills that can be used to attract new customers is
called Marketing.
Marketing is done by most organizations to enable them have more
customers thereby increase their profit margin as a result of high sales.
It is a skill that involves convincing people of the products advantages and
durability when compared to others. It also involves gathering information
from consumers to make a better product.
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The Jenkins Corporation has purchased an executive jet. The company has agreed to pay $202,000 per year for the next 10 years and an additional $2,020,000 at the end of the 10th year. The seller of the jet is charging 8% annual interest. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) Determine the liability that would be recorded by Jenkins. (Round your answer to the nearest whole dollar.) Present value
To determine the liability that would be recorded by Jenkins, we need to calculate the present value of the payments. We can use the PV of $1 table to find the appropriate factor(s) for this calculation.
The annual payments of $202,000 for the next 10 years can be treated as an ordinary annuity. Using the PVA of $1 table, we find the factor for 8% annual interest and 10 periods to be 6.71008.
Therefore, the present value of these payments is:
$202,000 x 6.71008 = $1,357,675.36
The additional payment of $2,020,000 at the end of the 10th year can be treated as a future value. Using the FV of $1 table, we find the factor for 8% annual interest and 10 periods to be 2.15892.
Therefore, the present value of this payment is:
$2,020,000 ÷ 2.15892 = $934,345.61
To determine the total liability that would be recorded by Jenkins, we add these two present values together:
$1,357,675.36 + $934,345.61 = $2,292,020.97
Therefore, the liability that would be recorded by Jenkins for the purchase of the executive jet is $2,292,021 (rounded to the nearest whole dollar).
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Which of the following are characteristics of a scarce resource?
Choose 1 answer:
Choose 1 answer:
(Choice A)
A
The supply of the resource exceeds the demand of the resource.
(Choice B)
B
There is a fixed quantity of the resource available but no demand for it.
(Choice C)
C
There is a demand for that resource with limited supply.
(Choice D)
D
There is limited supply of a resource with no demand for that resource.
(Choice E)
E
The resource has unlimited supply and limited demand.
There is a demand for that resource with limited supply are characteristics of a scarce resource. When the demand for a natural resource exceeds the supply, resource scarcity results, which causes the stock of those resources to decrease.
As a result of rising costs that make the demand resource less accessible to those who are least well-off, this might result in unsustainable supply growth and an increase in inequality. When there aren't enough resources to meet everyone's needs, there is scarce resource. Oil is among the most well-known instances of how resource scarcity affects the United States. Local gas prices will surely climb when oil prices around the world do.
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omprises a unified singular system made up of these subsystems. for example, a firm is a system that may be composed of sub-systems such as production, marketing, finance, accounting and so on. as such, the various sub-systems should be studied in their inter- relationships rather, than in isolation from each other.
a system is composed of interconnected subsystems that function together to create a unified singular system, with each subsystem playing a specific role. In the context of a firm, these subsystems include production, marketing, finance, accounting, etc.
A system can be defined as a set of interconnected components that work together to achieve a common goal. In the context of a firm, this means that the various departments and functions within the organization, such as production, marketing, finance, and accounting, are all subsystems that work together to achieve the overall objective of the firm.
It is important to study these subsystems in their inter-relationships rather than in isolation from each other because they are all interconnected and impact each other in various ways. For example, decisions made in the finance department can have an impact on the marketing department, and vice versa. By studying the subsystems in their inter-relationships, we can gain a better understanding of how the entire system works together to achieve the common goal.
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How are comments visually indicated on a slide?
with a question mark
with a small bubble icon
with the reviewer’s initials
with an exclamation point
Answer:
with a small bubble icon
Explanation:
Answer: with a small bubble icon
Explanation:
Which of the following is correct?
A) The balance sheet section of the worksheet contains the data that is used to make closing entries.
B) The balance of the owner's drawing account will appear on the postclosing trial balance.
C) Closing entries are entered directly on the worksheet.
D) Preparation of the post closing trial balance is the last step in the end of period routine.
Preparation of the post-closing trial balance is the last step in the end of period routine is the correct option. Which makes D the correct option.
The post-closing trial balance is prepared after the closing entries have been made and the temporary accounts (such as revenue, expense, and drawing accounts) have been closed. It includes only the permanent accounts (such as asset, liability, and owner's equity accounts) and their balances after the closing process. The purpose of the post-closing trial balance is to ensure that the accounts are in balance and to serve as a starting point for the next accounting period. Therefore, option D is the correct statement.
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which of the following is true? a. managed equity funds that have yielded attractive returns during the last 5 or 10 years can generally be counted on to yield similar returns in the future. b. managed funds generally outperform indexed equity mutual funds. c. an investment strategy that yielded a high rate of return in the past will often yield below-average returns in the future. d. indexed equity mutual funds are usually tied directly to either the consumer price index or the gdp deflator.
The correct statement from the given options is: "An investment strategy that yielded a high rate of return in the past will often yield below-average returns in the future." This is because past performance does not guarantee future results.
Market conditions, economic factors, and other variables can change, which can impact the performance of an investment strategy. Regarding indexed equity mutual funds, it is true that they are usually tied directly to either the consumer price index or the GDP deflator. These funds are designed to track the performance of a particular index, and as a result, they tend to have lower management fees than actively managed funds. However, this does not mean that managed funds generally underperform indexed funds. It depends on the specific fund, its management team, and other factors. As for the statement that managed equity funds that have yielded attractive returns during the last 5 or 10 years can generally be counted on to yield similar returns in the future, this is not necessarily true. Again, past performance does not guarantee future results, and market conditions can change. Additionally, a fund's management team may change, which can impact its performance.
In summary, it is important for investors to carefully evaluate their investment options and not rely solely on past performance when making investment decisions. Both actively managed and indexed funds can be viable options depending on an investor's goals and risk tolerance.
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The correct option is c: an investment strategy that yielded a high rate of return in the past will often yield below-average returns in the future.
This is because the performance of mutual funds and other investment vehicles is subject to market fluctuations and changes in economic conditions, which can cause returns to vary over time. While managed equity funds or indexed equity mutual funds may have performed well in the past, there is no guarantee that they will continue to yield attractive returns in the future.
Option a. is false, as it assumes that past performance guarantees future results, which is not the case for any investment. Option b. is also false, as studies have shown that, on average, managed funds do not consistently outperform indexed equity mutual funds. Finally, option d. is incorrect, as indexed equity mutual funds are usually tied to specific stock market indexes, like the S&P 500, rather than the consumer price index or the GDP deflator. So, investors should be prepared to adjust their approach based on changing market conditions and other factors.
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It is a misdemeanor to refuse to deliver books, records, or assets to the Commissioner after an order to seize has been issued in an insolvency proceeding. This is punishable by a fine of up to (?) and/or imprisonment for up to (?) year.
( Summary seizure)
After a seize order has been obtained in an insolvency case, refusing to handover books, records, or assets to the Commissioner is a misdemeanor. This is punished by a fine of up to $1,000 or by up to a year in jail.
Any "lesser" criminal offence in some common law judicial systems is referred to as a misdemeanour (American English; misdemeanour everywhere). Misdemeanors are normally punished less severely than more serious felonies, but theoretically more severely than administrative infractions and regulatory offences (also known as little, petty, or summary offences). The usual punishment for misdemeanors is a monetary fee or community service.
. In terms of crimes, a misdemeanor is seen as being less serious than a felony. Under the tenet that the punishment should be appropriate for the offence, the maximum penalty for a misdemeanor is lower than that for a felony. How much a crime impacts other people or society is one yardstick for evaluation. There have been developed metrics for determining how serious a crime is.
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Uma has been given the task of arranging for five-day conference
for foreign delegates. In order to smooth functioning of the event,
he has made two people as coordinators to take care of activities
related to registration and refreshment.
Identify the function of management being carried out by Uma.
(a) Planning
(b) Staffing
(c) Organising
(d) Directing
pls ans all if possible
Answer:
I think option planning
Adjusted trial balances for Garboz Company, an industrial recycler, at December 31, 2020, and 2019, follow. Debits, December 31 2020 2019 Cash $56,000 $51,200 Accounts receivable 52,800 48,000 Inventory 49,600 75,200 Property, plant, and equipment 160,000 152,000 Discount on bonds payable 7,200 8,000 Cost of goods sold 400,000 608,000 Selling expenses 226,400 275,200 General and administrative expenses 219,200 242,080 Interest expense 6,880 4,160 Income tax expense 32,640 97,920 Total debits $1,210,720 $1,561,760 Credits, December 31 2020 2019 Allowance for doubtful accounts $ 2,080 $ 1,760 Accumulated depreciation 26,400 24,000 Trade accounts payable 40,000 28,000 Income taxes payable 33,600 43,360 Deferred income tax liability 8,480 7,360 Callable bonds payable, 8% 72,000 32,000 Common stock Additional paid-in capital Retained earnings Sales Total credits 80,000 64,000 14,560 12,000 71,520 103,360 862,080 1,245,920 $1,210,720 $1,561,760 Additional information 1. Purchased 8,000 of equipment in 2020. 2. Allocated one-third of its depreciation expense to selling expenses and the remainder to general and administrative expenses. 3. Assume no accounts receivable were written off or recovered during the year. Required What amounts should Garboz report in its statement of cash flows for the year ended December 31, 2020, for the following? Note: Do not use negative signs with your answers. a. Cash collected from customers $ b. Cash paid to suppliers $ C. Cash paid for interest $ d. Cash paid for income taxes $ e. Cash paid for selling expenses $ ооооо
To calculate the amounts Garboz Company should report in its statement of cash flows for the year ended December 31, 2020, we need to consider various factors such as cash collected from customers, cash paid to suppliers, cash paid for interest, cash paid for income taxes, and cash paid for selling expenses.
a. Cash collected from customers: To calculate this amount, we need to consider the change in accounts receivable from the beginning to the end of the year. We subtract the increase in accounts receivable from sales to determine the cash collected from customers.
b. Cash paid to suppliers: This can be calculated by considering the change in trade accounts payable from the beginning to the end of the year. We subtract the increase in trade accounts payable from the cost of goods sold to determine the cash paid to suppliers.
c. Cash paid for interest: We can find this amount by subtracting the change in the discount on bonds payable from the beginning to the end of the year from the interest expense.
d. Cash paid for income taxes: This can be calculated by subtracting the change in income taxes payable from the beginning to the end of the year from the income tax expense.
e. Cash paid for selling expenses: To determine this amount, we need to allocate one-third of the depreciation expense to selling expenses. We then subtract the increase in the accumulated depreciation from the selling expenses.
By performing the necessary calculations based on the given information, we can determine the specific amounts that Garboz Company should report in its statement of cash flows for the year ended December 31, 2020, for cash collected from customers, cash paid to suppliers, cash paid for interest, cash paid for income taxes, and cash paid for selling expenses.
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16-
Federal law regarding pollution of the marine environment in the
exclusive economic zone is based on:
Select one:
a. The federal Fisheries Act
b. The United Nations Fishing Agreement
c. The United
The answer to this question is c. The United Nations Convention on the Law of the Sea. The Convention defines the rights and responsibilities of nations in their use of the world's oceans, establishing guidelines for businesses, the environment, and the management of natural resources.
The Federal law regarding pollution of the marine environment in the exclusive economic zone is based on the United Nations Convention on the Law of the Sea.UNCLOS allows coastal states to claim a 200-mile exclusive economic zone (EEZ) beyond their territorial waters. The EEZ gives states rights to natural resources like fish and oil, but they must also protect their marine environments against pollution.
To comply with UNCLOS, states must make and enforce laws to prevent pollution from ships, offshore drilling, and other sources. These laws must apply to the waters in the EEZ, but coastal states are encouraged to cooperate with neighboring states to address regional pollution problems.
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Making a home inventory (select all that apply)
Question 3 options:
A: will decrease your premium by 5%.
B: will help you get your claim settled faster.
C: will help you to determine how much liability coverage to purchase.
D: will help you to determine how much personal property coverage to purchase.
A : wil dercease your premium by 5% and if my answer is nice like and thanks!!!!!!!
profit represents Excess of revenue over expenses true or false
Answer:
true
Explanation:
it express that thing
Which type of market are you in if your company, along with three other companies, controls 95 percent of the total music industry? A. monopolistic competition B. perfect competition C. monopoly D. oligopoly
Answer: the answer to your question is D) oligopoly
Explanation:
Answer:
it's D. oligopoly
Explanation:
Oligopoly is a market structure where only a few large firms control a major share of the market.
Which of the following best explains the purpose of a supply schedule?
O A. To demonstrate how the supply decreases as price increases.
B. To calculate how much time it takes for distribution.
C. To show the relationship between quantity supplied and prices.
O D. To indicate how supply and demand relate to price.
Answer:
C. To show the relationship between quantity supplied and prices.
Explanation:
A supply schedule is a tabular demonstration of the quantity that suppliers will be willing to sell at different prices. It is a table showing the relationship between supply and price.
According to the law of supply, the supply increases as the price goes up. Therefore, the supply schedule is a tabular illustration of the law of supply.
Answer:
it is c
Explanation:
because it does mean To show relationship between quantity supplied
and prices.
According to a recent study, what impact did restaurants using the grubhub platform see on their revenue growth compared to those that did not?
According to a recent study "Revenue growth was six times greater than that of restaurants not using GrubHub" is the impact that the restaurants using the GrubHub platform, saw on their revenue growth compared to those that did not. Option A
This is further explained below.
What is revenue growth?Generally, To put it in the simplest words possible, revenue growth is the increase in the amount of money your business generates over a certain period of time in comparison to the amount of money it made over the same period of time in the previous year.
The amount of money you earned this month in comparison to the amount you made the previous month is one example.
In conclusion, According to a recent study, the impact that restaurants that used the GrubHub platform had on the growth of their revenue was six times greater than that of restaurants that did not use GrubHub. This is the impact that restaurants saw on their revenue growth when compared to those that did not use GrubHub. Alternative A
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complete question
According to a recent study, what impact did restaurants using the GrubHub platform see on their revenue growth compared to those that did not?
A. Revenue growth was six times greater than that of restaurants not using GrubHub.
B. Revenue growth was equal to that of restaurants not using GrubHub.
C. Revenue growth was three times greater than that of restaurants not using GrubHub.
D. Revenue growth was not impacted for restaurants using GrubHub.
E. Revenue growth declined for those restaurants using GrubHub compared to those that did not use it.
all supervisors must attend the staff meeting held each monday morning. all project managers must be in the office on fridays. some project managers attend the monday morning staff meetings.
Some employees who attend the Monday morning staff meetings are in the office on Friday.
Who are Project Manager ?
Project management is the process of overseeing a team's activity to complete all project objectives within the established parameters. The project documentation that is prepared at the start of the development process typically include descriptions of this information. The three main restraints are budget, time, and scope. Optimizing the distribution of necessary inputs and using them to achieve pre-established goals is the secondary problem.
The goal of project management is to provide a finished product that meets the goals of the client. The goal of project management is frequently to modify the client's brief in order to more effectively achieve the client's goals. Once the client's goals are made apparent, they should guide every choice made by everyone else working on the project, including the project manager, designers, builders, and subcontractors. Decision-making is hampered by poorly defined or excessively tightly mandated project management objectives.
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Rather than forcing customers to select vehicles already on the lot, some automobile manufacturers today allow customers to select features on company web sites before the car is manufactured. These customized orders are sent to the manufacturing assembly lines. Within days, custom-feature vehicles are shipped to a dealer closest to the customer. This is an example of Question 9 options: Individual production Mass customization Mass production Niche customization
The example described is an instance of mass customization. Mass customization is a production strategy that allows for the creation of customized products at a large scale, with minimal additional costs for each customized item.
In the case of automobile manufacturers, this means that they are able to offer customized features to their customers without significantly increasing the cost of production.This production strategy is made possible by advancements in technology, such as computer-aided design and manufacturing, as well as improvements in supply chain management and logistics. By leveraging these tools and processes, manufacturers are able to offer a wide range of customizable features to customers, while still maintaining efficient and cost-effective production.One of the key benefits of mass customization is that it allows companies to meet the individual needs and preferences of their customers, without sacrificing efficiency or profitability. Customers are able to select the features and options that best meet their needs, rather than being limited to the options that are available on the lot. This can lead to greater customer satisfaction, as well as increased sales and brand loyalty.
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please respond to all parts of the question below, each with its own section. a. do you think businesses should voluntarily undertake environmental efforts, beyond those required by law? why or why not? b. describe the sustainability management practices of a business firm with which you are familiar. which stage of the corporate environmental responsibility model best fits this firm, and why? looking again at this same firm, what steps might its managers take to improve its environmental performance? in answering this question, consider the various elements of effective environmental management.
a. Yes, I think businesses should voluntarily undertake environmental efforts beyond those required by law. There are several reasons for this:
Environmental degradation can have negative impacts on businesses, including increased costs due to natural disasters or regulatory fines, as well as reputational damage from negative public perception. By proactively addressing environmental issues, businesses can mitigate these risks and potentially even benefit from improved reputation and customer loyalty.Some environmental efforts may also have financial benefits for businesses, such as reduced energy costs from energy efficiency measures or the ability to sell excess renewable energy back to the grid.Businesses have a responsibility to operate in a way that takes into account the well-being of society and the environment. By proactively addressing environmental issues, businesses can demonstrate their commitment to sustainability and their broader role in society.b. One business firm that I am familiar with that has strong sustainability management practices is Patagonia, an outdoor clothing and gear company. Patagonia has a comprehensive environmental policy that includes commitments to reducing the environmental impact of its products and operations, as well as advocating for environmental causes.
To improve its environmental performance, Patagonia's managers could consider implementing additional sustainability initiatives, such as increasing the use of recycled materials in its products, implementing water conservation measures in its manufacturing processes, or increasing the use of renewable energy in its operations. Other elements of effective environmental management that Patagonia's managers could consider include setting clear environmental goals and targets, engaging with stakeholders (including employees, customers, and suppliers) on environmental issues, and reporting transparently on the company's environmental performance.
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Clemson University Urgently needed $30 million to properly execute a student testing plan during fall of 2020. Clemson approached by a commercial paper dealer offering to sell an issue for Clemson. The dealer indicates that Clemson could sell a $30 million issue maturing in 270 days at an interest rate of 8. 5 percent per annum (deducted in advance). The fee to the dealer for selling the issue would be 1. 5% of the issue size. What was annual financing cost of Clemson to secure large-scale testing
The financing cost of Clemson to secure the investment will be $2.2875 million.
How to calculate the financing costFrom the information, we've to calculate the simple interest first. This will be:
= PRT/100
= (30 × 0.75 × 8.5)/100
= 1.9125 million
The fee is 1.25% of the issue size. This will be:
= 1.25% × $30 million
= $375000
Therefore, the financing cost will be:
= $1.9125 million + $0.375 million
= $2.2875 million
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Fill in the blank.in his theory of absolute advantage, adam smith advocated that ________ should determine what a country imports and what it exports.
"In his theory of absolute advantage, Adam Smith advocated that the market mechanism should determine what a country imports and what it exports."
What is the market mechanism?The market mechanism links the actions of the 3 economic agents: consumers, producers, & owners of the fact-ors of production. The market mechanism is also call-ed the free market sys-tem. It is the situation wh-ere decisions on price & quantity in a mark-et are made based on demand & supply alone. We also refer to th-is as the price mechanism. The functions of the market mechanism spring in-to action when there is a dis-equilibrium in the market.
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What did Hayek argue about government involvement in the economy?
As the title suggests, Hayek believed that government intervention in the form of centralized planning stripped away individual liberties.
He warned of "the dangers of tyranny that inevitably arise from state control over economic decision-making..." but did not rule out the role of government. Indeed, he pointed to distinct areas where government intervention could prove beneficial. Among them is the demand for a stable job. limiting working hours; coping with the effects of deforestation and pollution; Even maintaining a social safety net. Hayek writes: to stay healthy. He even goes so far as to suggest that the government get involved in creating a national insurance program. "No reason," he continues.
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Suppose the city of Austin, TX chooses to regulate the number of street vendors operating near the University of Texas by requiring each vendor to own a permit in order to operate. The city gives free permits to all existing vendors and announces that no new permits will ever be issued. Prior to regulation, the costs (including implicit costs) of operating were $85,000 and revenues were $150,000. The city ordinance allows the permits to be bought and sold without restriction. The permits have no expiration date. The interest rate is 10 percent. After regulation, existing street vendors earn an
A. accounting profit of zero.
B. economic profit of $130,000.
C. economic rent of $65,000
D. economic loss.
Answer:
economic rent of $65,000
Explanation:
Economic rent is the amount of money paid in excess to a factor of production in excess of what is socially optimum
Economic rent = $150,000 - $85,000 = $65,000
Accounting profit= total revenue - explicit cost
Total revenue =price x quantity sold
Explicit cost includes the amount expended in running the business. They include rent , salary and cost of raw materials
Economic profit = accounting profit - implicit cost
Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives
Without the regulation, economic profit would be driven to zero.
Which type of business ownership has limited liability?
Partnership
Sole proprietorship
Corporation
None of the above
At Frank's company, the strength of the organizational structure is that the results are based on
the effectiveness of the managers, but its main weakness is costs can be increased due to a
decrease in efficiency. This is an example of which structure?
Osimple
O functional
O divisional
O matrix
Answer:
divisional
Explanation:
-A simple structure s a structure in which there is little specialization and there is a central authority that controls everything and has the power.
-Functional structure is a structure in which a company is divided in groups according to specialized activities. Because of this specialization, companies with this structure can increase productivity but the communication is rigid and the cooperation between departments is difficult.
-Divisional structure is a structure in which there are different divisions and each one concentrates on a specific product or service and has all the functions and resources for that. This structure can create inefficiencies because the specialized functions are separated but the results of one division don't affect the other ones.
-Matrix structure is a structure in which employees report to more than one manager and it is used in companies that have different lines to have more flexibility and increase productivity.
According to this information and the statement, the answer is that this is an example of divisional stucture because in this structure each division has its own resources and specialized functions and because of that the results are based on the effectiveness of the managers but as each division has its own specialized functions, this creates inefficiencies.