Springer Company had three intangible assets at the end of 2020 (end of the accounting year):
a. A copyright purchased on January 1, 2020, for a cash cost of $15,800. The copyright is expected to have a 10-year useful life to Springer.
b. Goodwill of $78,000 from the purchase of the Hartford Company on July 1, 2019.
c. A patent purchased on January 1, 2019, for $58,000. The inventor had registered the patent with the U.S. Patent and Trademark Office on January 1, 2015. Springer intends to use the patent for its remaining life.
Required:
a. Compute the amortization expense of each intangible for the year ended December 31, 2020. The company does not use contra accounts.
b. Show how the expenses related to the three intangible assets should be reported on the income statement for 2020.
c. Show how the three intangible assets should be reported on the balance sheet for 2020.
Answers
Answer:
All requirements solved
Explanation:
Amortization expense can be calculated by dividing the cost of purchasing the asset by its useful remaining life after deducting the residual value from the cost. In this case, no residual value is given.
Requirement 1: Amortization expense of each intangible for the year ended December 31, 2020.
Amortization = Cost / useful life
Copyright (15,800/10) = $1,580
patent (58,000/16) = $3,625
Goodwill = No amortization due to indefinite life
Requirement 2: Expenses related to the three intangible assets should be reported on the income statement for 2020.
Amortization expense = $1,580 + $3,625
Amortization expense = $5,205
Requirement 3: Three intangible assets should be reported on the balance sheet for 2020.
Copyright 15800-1580 = 14,220
Goodwill = $78,000
Patent (58,000 - 3625) = 54,375
First, Goodwill = No amortization due to indefinite life
Second, Amortization expense = $5,205
Third, Copyright = 14,220
Goodwill = $78,000
Patent= 54,375
Computation of Amortization expense
Amortization expense can be Computation by dividing the cost of purchasing the asset by its useful remaining life after subtracting the residual value from the cost. In this circumstance, no residual value is given.
Requirement 1: When the Amortization expense of each intangible for the year ended December 31, 2020.
Amortization is = Cost/useful life
Copyright (15,800/10) is = $1,580
patent (58,000/16) is = $3,625
Goodwill is = No amortization due to indefinite life
Requirement 2: When the Expenses related to the three intangible assets should be reported on the income statement for 2020.
Amortization expense is = $1,580 + $3,625
Amortization expense is = $5,205
Requirement 3: Then Three intangible assets should be reported on the balance sheet for 2020.
Copyright 15800-1580 is = 14,220
Goodwill is = $78,000
Patent (58,000 - 3625) is = 54,375
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Related Questions
Management In Life
Last week, Wesley's daughter, Davina, was a very bad girl.
She went to the store with him and whined and whined, "I
want this! I want that!" Wesley thought it would never stop,
and it upset him very much. Wesley knows that according to
reinforcement theory, two methods can decrease the
likelihood of whining in the future: punishment and
extinction. Now he's asking your advice about exactly what to
do to use each technique.
Answers
Wesley should Pay no attention to her and Ground her for whining. This scenario is an example of a Fixed Interval the schedule of reinforcement. They are reinforcing his tendency to work hard around the time of the review and not his overall performance throughout the year.
What is a reinforcement theory?Reinforcement theory is a psychological principle suggesting that behaviours are shaped by their consequences and that individual behaviours can be changed through reinforcement, punishment and extinction. Behavioral psychologist B.F. Skinner was instrumental in developing modern ideas about reinforcement theory.
According to Skinner, a person's internal needs and drives are not important areas of concern because their current behaviours follow the law of effect and are based on the consequences of former behaviours.
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All infrastructure is underground.
A. True
B. False
Answers
All infrastructure is underground. This is a false statement because infrastructure can not be underground.
What is Infrastructure?Roads, communications, transportation hubs, businesses, bridges, dams, power, medical facilities, and educational institutions make up the infrastructure.
Infrastructure is referred to as the fundamental physical framework of an organization, region, or country. It frequently pertains to the creation of public goods or industrial activities. Transportation, communication, sewage, water, and educational infrastructure are a few examples.
The two primary categories of infrastructure investments are as follows: Social infrastructure consists of institutions including hospitals, affordable housing, and schools. Infrastructure for the economy, including power, sewage, water, airports, and highways.
Therefore, The statement is false.
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Isabella and Antonio are auto mechanics. Isabella takes 6 hours to replace a clutch and 4 hours to replace a set of brakes. Antonio takes 8 hours to replace a clutch and 6 hours to replace a set of brakes. State whether anyone has an absolute advantage at either task and, for each task, identify who has a comparative advantage.
Answers
Isabella has an absolute advantage in both clutch replacement and brake replacement due to her ability to complete each task in less time.
- Isabella also has a comparative advantage in both clutch replacement and brake replacement, assuming similar skills and pay rates.
How to determine the whether anyone has an absolute advantage at either task and, for each taskTo determine absolute and comparative advantages in this scenario, we need to compare the productivity of Isabella and Antonio in replacing clutches and brakes.
Let's analyze the tasks:
1. Clutch Replacement:
- Isabella takes 6 hours.
- Antonio takes 8 hours.
Based on the time taken, Isabella has an absolute advantage in clutch replacement because she can complete the task in less time than Antonio.
2. Brake Replacement:
- Isabella takes 4 hours.
- Antonio takes 6 hours.
Again, based on the time taken, Isabella has an absolute advantage in brake replacement because she can complete the task in less time than Antonio.
Similar to clutch replacement, if we assume similar skills and pay rates, Isabella would also have a comparative advantage in brake replacement due to her ability to complete the task more quickly.
Comparative advantage is based on a comparison of opportunity costs, and without specific information about the trade-offs involved, we can infer that Isabella's ability to complete both tasks more quickly gives her a comparative advantage in both.
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On January 14, A Company purchased supplies of $900 on account. The entry to record the purchase will include
Answers
Answer:
the complete journal entry should be:
Date
Dr Supplies 900
Cr Accounts payable 900
Explanation:
Supplies is an asset account that has a normal debit balance, while accounts payable is a liability account with a normal credit balance. Our accounting system is based on the double entry system where one account must be debited and another one must be credited.
The Equinox Fabrication Plant suffered a fire incident in August, and most of the records for the year were destroyed. The following accounting data for the year were recovered: Total manufacturing overhead estimated at the beginning of the year Total direct labor costs estimated at the beginning of the year Total direct labor hours estimated at the beginning of the year direct labor hours Actual manufacturing overhead costs for the year Actual direct labor costs for the year Actual direct labor hours for the year direct labor hours The company bases its manufacturing overhead allocation on the number of direct labor hours. What was the predetermined overhead allocation rate for the year? (Round your answer to the nearest cent.
Answers
The predetermined overhead allocation rate for the year is $29.40
The predetermined overhead allocation rate is referred to as the allocation rate that is used in the application of the estimated cost of manufacturing overhead to the job orders or products.
From the complete question, the predetermined overhead allocation rate will be calculated thus:
= Estimated manufacturing overhead / Estimated direct labor hours
= $105840 / 3600
= $29.40
Therefore, the predetermined overhead allocation rate is $29.40.
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What aspect of the control environment is affected by the company's decision to no longer require approvals for purchase order discounts
Answers
Answer:
. When temporary workers are recruited the wages might be less but the accuracy extent is quite questionnable. Even the slightest mistake by the workers will make the permanent workers liable. Though the wages of the temporary workers are less.
Explanation:
(>‿◠)✌
identify the business sector represented by each statement below
1.1.1. PABLO buses transport people from all over within South Africa
1.1.2. LIMBRIX Bricks Factory produces quality products
1.1.3. DISTELL mines exports gold to different countries
Answers
The transportation industry is exemplified by the phrase "PABLO buses transport people from all over South Africa."
The manufacturing industry is exemplified by the claim that "LIMBRIX Bricks Factory produces quality products".
The term "DISTELL mines exports gold to different countries" refers to the mining or extractive industry.
Transport, often known as transportation industry in American or British English, is the deliberate movement of people, animals, and products from one place to another.
There are many different ways to travel, including air, land (train and road), sea, cable, pipeline, and space. Infrastructure, vehicles, and operations are three categories that apply to the subject. Human commerce is necessary for the advancement of civilizations, and transportation makes this possible.
Roads, railways, airports, bus stops, warehouses, trucking terminals, refueling depots (including fueling docks and fuel stations), and quality products seaports are examples of fixed installations that make up the transportation infrastructure.
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C. Imagine you Deposit K10, 000 every six months for the next five years at an interest rate of 10% per annum. You would want to know what this value will be at the end of the period.
Required:
i. Using simple interest (5 Marks)
ii. Using compounded interest (5 Marks)
iii. If the deposits were made at the beginning of every six months (5 Marks)
iv. If the deposits were made at the end of every six months (5 Marks
Answers
i) Using simple interest, if the deposits were made at the beginning of every six months, the ending (future value) would be K127,500.
ii) Using simple interest, if the deposits were made at the end of every six months, the ending (future value) would be K122,500.
iii) Using compounded interest, if the deposits were made at the beginning of every six months, the ending (future value) would be K132,067.87.
iv) Using compounded interest, if the deposits were made at the end of every six months, the ending (future value) would be K125,778.93.
What differentiates simple interest from compound interest?The difference between simple interest and compound interest is that simple interest is only based on the principal.
On the other hand, compound interest computes interest on both the principal and accumulated interest.
Simple Interest (Deposits at Beginning):Period Principal Interest Balance
1 K10,000 K500 K10,500 (K10,000 + K500)
2 20,000 1,000 21,500 (K10,500 + K10,000 + K1,000)
3 30,000 1,500 33,000
4 40,000 2,000 45,000
5 50,000 2,500 57,500
6 60,000 3,000 70,500
7 70,000 3,500 84,000
8 80,000 4,000 98,000
9 90,000 4,500 112,500
10 100,000 5,000 127,500
Simple Interest (Deposits at Ending):Period Principal Interest Balance
1 K10,000 K0 K10,000
2 20,000 500 20,500 (K10,000 + K10,000 + K500)
3 30,000 1,000 31,500
4 40,000 1,500 43,000
5 50,000 2,000 55,000
6 60,000 2,500 67,500
7 70,000 3,000 80,500
8 80,000 3,500 94,000
9 90,000 4,000 108,000
10 100,000 4,500 122,500
Compound Interest at Ending:N (# of periods) = 10 (5 x 2)
I/Y (Interest per year) = 10%
PV (Present Value) = K0
PMT (Periodic Payment) = K10,000
Results:
FV = K125,778.93
Sum of all periodic deposits = K100,000 (K10,000 x 2 x 5)
Total Interest = K25,778.93
Compound Interest at Beginning:N (# of periods) = 10 (5 x 2)
I/Y (Interest per year) = 10%
PV (Present Value) = K0
PMT (Periodic Payment) = K10,000
Results:
FV = $132,067.87
Sum of all periodic deposits = K100,000 (K10,000 x 2 x 5)
Total Interest = K32,067.87
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answer the following questions, please
Answers
The cost reconciliation indicates a discrepancy, as the total costs assigned exceed the beginning work in process costs. This could be due to additional costs.
How did we arrive at this assertion?To prepare a production cost report for the Welding Department for the month of February, we need to calculate the following:
1. Equivalent units of production for materials, labor, and overhead.
2. Cost per equivalent unit for materials, labor, and overhead.
3. Total costs assigned to units transferred out and ending work in process.
4. Cost reconciliation.
Let's calculate each of these steps:
Step 1: Equivalent Units of Production
Equivalent units of production are calculated based on the percentage of completion for units in process.
For materials:
Beginning work in process: 15,000 units x 10% complete = 1,500 equivalent units
Units transferred in: 64,000 units
Ending work in process: 25,000 units x 20% complete = 5,000 equivalent units
Total equivalent units for materials: 1,500 + 64,000 + 5,000 = 70,500 equivalent units
For labor and overhead:
Since the given data does not provide the percentage of completion for labor and overhead, we assume it is the same as for materials. Therefore, the equivalent units for labor and overhead will also be 70,500 units.
Step 2: Cost per Equivalent Unit
To calculate the cost per equivalent unit, we divide the total costs by the total equivalent units.
Cost per equivalent unit for materials: $135,000 / 70,500 units = $1.91 per unit
Cost per equivalent unit for labor: $57,000 / 70,500 units = $0.81 per unit
Cost per equivalent unit for overhead: $35,100 / 70,500 units = $0.50 per unit
Step 3: Total Costs Assigned
To calculate the total costs assigned to units transferred out and ending work in process, we multiply the cost per equivalent unit by the equivalent units for each category.
For units transferred out:
Materials: 64,000 units x $1.91 per unit = $122,240
Labor: 64,000 units x $0.81 per unit = $51,840
Overhead: 64,000 units x $0.50 per unit = $32,000
For ending work in process:
Materials: 25,000 units x $1.91 per unit = $47,750
Labor: 25,000 units x $0.81 per unit = $20,250
Overhead: 25,000 units x $0.50 per unit = $12,500
Step 4: Cost Reconciliation
To reconcile the costs, we compare the total costs assigned to units transferred out and ending work in process with the beginning work in process costs.
Beginning work in process costs: $32,175
Total costs assigned to units transferred out: $122,240 + $51,840 + $32,000 = $206,080
Total costs assigned to ending work in process: $47,750 + $20,250 + $12,500 = $80,500
Total costs: $206,080 + $80,500 = $286,580
Since the total costs assigned exceed the beginning work in process costs, there may be some additional costs that need to be investigated or accounted for.
The production cost report for the Welding Department for the month of February is as follows:
------------------------------------------------------------------------
| | Equivalent Units | Cost per Equivalent Unit | Total Costs |
------------------------------------------------------------------------
| Materials | 70,500 | $1.91 | $135,000 |
| Labor | 70,500 | $0.81 | $57,000 |
| Overhead | 70,500 | $0.50 | $35, 100 |
------------------------------------------------------------------------
| Total (Transferred-out) | 64,000 | | $227,240 |
| Ending work in process | 25,000 | | $80,500 |
------------------------------------------------------------------------
| Total Costs $307,740 |
------------------------------------------------------------------------
Note that the cost reconciliation indicates a discrepancy, as the total costs assigned exceed the beginning work in process costs. This could be due to additional costs.
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Do you know the answer?
Answers
Answer:
no
Explanation:its to blurie
Select the statement that demonstrate a characteristic of a leader
Answers
The statement that demonstrate the characteristic of a leader is: Establishing and retaining your company's competitive advantage depends on experimentation. Great leaders are aware of this and promote innovation and risk-taking within their company.
What is a leader?
Being leader is the ability to execute strategic objectives, align people's individual and collective goals, and continuously refresh an organisation are all examples of leadership behaviours. The quality of leader involves directing and influencing outcomes and empowering groups of individuals to collaborate in order to achieve goals that they couldn't achieve on their own.
A leader also does not fear in taking risks and doing experiments for achieving his goals.
Therefore, Experimentation is essential for a Leader to establishing and maintaining your company's competitive advantage. Knowing this, great leaders encourage risk-taking and innovation within their organisations.
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Describe a time where you provided or observed high-quality customer service. In Microsoft Word, margins are adjusted using?
Answers
Answer:
question was confusing
Explanation:
Select Layout > Margins. Select Custom Margins. In Margins, use the Up and Down arrows to enter the values you want. Select OK when done.
Question 18 of 20
How is simple interest different from compound interest?
A. Compound interest is not paid on the principal, or initial deposit.
B. Simple interest is only paid on the principal, or initial deposit.
C. Simple interest is paid on the original deposit plus any interest
earned.
D. Compound interest is only paid on the principal, or initial deposit.
SUBMIT
Answers
Simple interest is only paid on the principal, or initial deposit. Hence Option (B) is correct.
Simple Interest refers to the interest on a principal amount over a certain period of time. Its formula is as under:
Simple Interest = Principal × Interest Rate × Time
The total amount accumulated or repaid at the end of the period is calculated by adding the simple interest to the principal:
Total Amount = Principal + Simple Interest
On the other hand, compound interest refers to calculating interest on a principal amount that takes into account the accumulated interest from previous periods. Its formula is as under:
A = P(1 + r/n)^(nt)
Thus, simple interest is on the original principal, while compound interest considers the accumulated interest from previous periods.
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What can a rich person do to benefit society? What things can he invest on that will be good for his community?
Answers
Answer:
Giving money to charity. They can invest in things like communal use like pools etc to help society bond….
Maybe invest on a stock market, you can either lose or get money, let’s say he get some, he could build him own business/charity to help poor/orphans/housewives/people in debt (you get it) and invent on more small stocks for more money.
Using the appropriate tool from the Accountant Tools menu, which 4 of the following can be batch reclassified in QuickBooks Online Accountant?
Answers
Using the appropriate tool from the Accountant Tools menu, the 4 options that can be batch reclassified in QuickBooks Online Accountant are options A, B, C and F:
ClassesCustomersProducts and ServicesAccountWhat is QuickBooks Online Accountant?In the above question, too batch reclassify these items, you can use the "Batch Reclassify Transactions" tool, which can be found under the Accountant Tools menu.
This tool allows you to select multiple transactions and reclassify them to a different account, class, customer, or product/service.
Therefore, Locations, tax codes, and suppliers cannot be batch reclassified using this tool. However, you can edit individual transactions to change their location, tax code, or supplier if necessary.
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See full question below
Using the appropriate tool from the Accountant Tools menu, which 4 of the following can be batch reclassified in QuickBooks Online Accountant?
Classes
Customers
Products and Services
Locations
Tax Code
Account
Suppliers
What is the correlation betweer 1 tax rate of zero and a tax rate of 100% for the goveriment?
Answers
Explanation:
If the tax rate is 0%, the government will earn no revenue. If the taxation rate is 100%, the government will be the recipient of all revenue generated by the economy, and will thereby maximize its own revenue.
I have $10,967.74 in a brokerage account, and plan to deposit an additional $6,000.00 at the end of every future year until my account totals $270,000 and I expect to earn 13% annually on the account. How many years will it take
Answers
Note that with respect to the deposite, it will take approximately 8.19 years for the account to reach $270,000.
How is this so?To determine how many years it will take for the account to reach $270,000,we can use the future value of an annuity formula.
The formula is -
FV = P x [(1 + r)ⁿ⁻¹] / r
Where -
FV = Future value ($270,000)
P = Annual deposit ($6,000)
r = Interest rate per period (13% or 0.13)
n = Number of periods (number of years)
We need to solve for n, so we can rearrange the formula as -
n = log((FV x r / P) + 1) / log(1 + r)
Plugging in the values -
n = log((270000 x 0.13 / 6000) + 1) / log(1 + 0.13)
Using a calculator, we find that n is approximately 8.19.
thus, it is corect to state that, it will take approximately 8.19 years for the account to reach $270,000.
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How effective is it to escalate the decision to your manager
Answers
Escalating decision to your manager when done successfully can improve corporate operations.
Escalating problems at work can have a number of advantages, such as:
Informs your management team of the problem.involves your management in identifying a solution.More resources to help you.Point out areas of the business where you can make improvements.Aids the team in successfully achieving corporate goals within the allotted period.Enhances interactions with coworkers.What does a manager do?Maintains staff through hiring, vetting, onboarding, and training personnel. ensures a safe, secure, and lawful working environment. provide opportunity for personal development.
By conveying job expectations and planning, monitoring, and assessing job performance, managers may achieve the desired results with their team.
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Wisdom Toys has budgeted sales and production over the next quarter as follows: Unit Sales Production September 43,000 44,400 October 50,000 52,800 November 64,000 61,200 The company requires that 20% of the next month’s sales in units are on hand at the end of each month. December sales are expected to be 50,000 units. How many video games are in inventory at October 31?
Answers
Answer:
$12,800
Explanation:
This can be calculated as follows:
November sales in unit = 64,000
Since Wisdom Toys requires that 20% of the next month’s sales in units are on hand at the end of each month, we have:
Number of video games in inventory at October 31 = November sales in unit * 20% = 64,000 * 20% = 12,800
Therefore, 12,800 video games in inventory at October 31.
STEP 1 1. Explain the five basic costs curves that SEGAO Bricks will experience. ert MC =MR
Answers
The five basic cost curves that SEGAO Bricks will experience are:
1. Total Cost (TC) Curve: The total cost curve represents the relationship between the total cost of production and the quantity of output produced. It shows how the total cost changes as the level of production changes.
2. Marginal Cost (MC) Curve: The marginal cost curve represents the additional cost incurred by producing one more unit of output. It shows how the cost of producing each additional unit changes as the quantity of output increases. The marginal cost curve is derived from the change in total cost divided by the change in quantity.
3. Average Total Cost (ATC) Curve: The average total cost curve represents the average cost per unit of output. It is calculated by dividing the total cost by the quantity of output. The average total cost curve shows how the average cost changes as the level of production increases.
4. Average Variable Cost (AVC) Curve: The average variable cost curve represents the variable cost per unit of output. It is calculated by dividing the variable cost by the quantity of output. The average variable cost curve shows how the variable cost per unit changes as the level of production increases.
5. Average Fixed Cost (AFC) Curve: The average fixed cost curve represents the fixed cost per unit of output. It is calculated by dividing the fixed cost by the quantity of output. The average fixed cost curve shows how the fixed cost per unit changes as the level of production increases.
The equation MC = MR represents the condition for profit maximization in a perfectly competitive market. It states that a firm should produce at the quantity where the marginal cost (MC) equals the marginal revenue (MR). This ensures that the firm is maximizing its profit by producing the optimal quantity of output at which the additional revenue generated by producing one more unit (MR) is equal to the additional cost incurred (MC).
If the appropriate interest rate is the value of this mining operation is closest to:__________
Answers
Answer: -$66,667
Explanation:
As this project is expected to yield returns forever, it is a perpetuity.
The Present Value is calculated as;
= Payment per year / (Yield - growth rate)
Mine will decline at 8% per year however so this will need to be accounted for;
= 15,000/ ( 10% - (-8%))
= $83,333.33
The Net Present Value is;
= Present value of cash inflows - Initial investment
= 83,333.33 - 150,000
= -$66,666.67
= -$66,667
6. Sample size for an interval estimate of a population mean
The Cinema Advertising Council is conducting a study to estimate the average number of minutes moviegoers spend at the theater before the previews begin. The study researcher desires a 2-minute margin of error at 90% confidence.
The population standard deviation is unknown, so a best guess is used as the planning value for σ. The council estimates that the smallest amount of time spent at the theater in the population of moviegoers is –5 minutes (a moviegoer arrives 5 minutes late), and the largest amount of time spent at the theater is 25 minutes.
A rough approximation of the population standard deviation is .
Answers
The sample size required for an interval estimate of a population mean with a 2-minute margin of error at 90% confidence is 37.
What is population?Population is the number of people or other organisms that inhabit a particular area. It is the differentiated components of a population that are of most interest to those studying it. Population size and density, distribution, composition, and dynamics are all important factors when examining populations.
The sample size for an interval estimate of a population mean can be calculated using the following formula:
n = (2*z*σ/E)2
where n is the sample size, z is the number of standard deviations from the mean corresponding to the desired confidence level (e.g. 1.645 for 90% confidence), σ is the population standard deviation (or the best guess of it), and E is the desired margin of error.
In this case, we have z = 1.645, σ = 8.87 (the best guess of the population standard deviation), and E = 2 (the desired margin of error). Plugging these values into the formula, we get:
n = (2*1.645*8.87/2)2 = 37.02
Therefore, the sample size required for an interval estimate of a population mean with a 2-minute margin of error at 90% confidence is 37.
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A cat food company’s marketing department knew that consumers wanted natural products in their pets’ food, so they changed the labels on the cans to stress which ingredients were natural, but left off the other ingredients. This illustrates
A. greenwashing
B. alternative facts
C. whiteboarding
D. plagiarism
E. whistleblowing
Answers
This scenario illustrates the concept of "greenwashing." So, the correct choice is option A.
Greenwashing refers to the deceptive or misleading marketing practices employed by companies to present their products or services as more environmentally friendly or natural than they actually are.
In this case, the cat food company's marketing department recognized the consumer demand for natural pet food and decided to capitalize on it by changing the labels on the cans. By emphasizing the natural ingredients and intentionally omitting the other ingredients, they create a misleading perception that their product is entirely natural.Greenwashing is a form of marketing manipulation that aims to attract environmentally conscious consumers by providing a false impression of sustainability or naturalness. It can involve various strategies, such as selective labeling, misleading claims, or exaggeration of environmentally friendly features. The intention is to influence consumer perception and purchasing decisions without necessarily making substantial changes to the product itself.However, greenwashing undermines consumer trust and the credibility of companies that engage in such practices, as it can mislead consumers and hinder their ability to make informed choices.
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Suppose a monopolist produces in a market with two distinct segments: market 1, which is denoted as M1 on the graph, and market 2, denoted as M2. The firm's marginal and average costs are $20.
Answers
A monopolist is an individual, gathering, or organization that controls each of the business sectors for a specific decent or administration. The profit in market 1 is $1,600, The profit in market 2 is $450 and Demand is more elastic in market 2
(A) Profit = Total revenue - total cost = P*Q - MC*Q = (P-MC)*Q
Profit in market 1
P1 = $60, Q1 = 40, and MC = $20
So, Profit in market 1 = (60-20)*40 = 40*40 = $1,600
(B) Profit in market 2
P2 = $35, Q2 = 30, and MC = $20
So, Profit in market 2 = (35-20)*30 = 15*30 = $450
(C) Demand is more elastic in market 2 as a monopolist charges a lower price in the more elastic market so as P2 < P1 then market 2 is more elastic.
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This question is not complete, Here I am attaching the complete question: also, attaching the diagram
Suppose a monopolist produces in a market with two distinct segments: market 1, which is denoted as M1 on the graph, and market 2, denoted as M2. The firm's marginal and average costs are $20.
(A) What is the profit of market 1?
(B) What is the profit of market 2?
(C) In which market is demand more elastic?
a pregnant employee who violated several attendance rules due to her physical conditions. She is about to get fire by hr manager of the company.discuss what business ethics issues present on this situation. what can be done?
Answers
Answer:
answer is no
Explanation:
You cannot be fired for being pregnant under most circumstances.employers from terminating employees due to pregnancy and pregnancy-related conditions
Which question can best help a consumer assess risk when purchasing insurance? How much must be paid to make a claim? What problems are most likely to happen? What are the possible payouts on a claim? How much are the monthly premiums?
Answers
Answer: the answer is : What problems are most likely to happen?
Explanation:
Answer:
b
Explanation:
Explain other advantages of the autociatic leadership style. se Se busines
Answers
The autocratic leadership style has several advantages in certain business situations. Firstly, it allows for quick decision-making and efficient execution. In an autocratic leadership approach, the leader has the authority to make decisions without consulting others extensively. This can be advantageous in situations where immediate action is needed or when there is limited time for deliberation. By taking charge and making decisions swiftly, autocratic leaders can ensure that tasks are completed efficiently and objectives are met in a timely manner.
Secondly, autocratic leadership provides clear direction and reduces ambiguity. The leader in this style has a strong control over the decision-making process and can provide clear instructions to their team members. This clarity helps employees understand their roles and responsibilities, minimizing confusion and increasing productivity. Autocratic leaders often set specific goals and expectations, which can be beneficial in situations where precision and adherence to guidelines are crucial.
Additionally, the autocratic style can be effective in organizations or industries that require a hierarchical structure or where strict compliance is necessary. Industries such as the military, manufacturing, or emergency services often rely on autocratic leadership to ensure discipline, maintain order, and promote safety.
However, it is important to note that the autocratic leadership style may not be suitable for all situations or business contexts. It can stifle creativity and innovation by limiting input and involvement from team members. It may also lead to decreased employee satisfaction and motivation, as individuals may feel disempowered or undervalued. Therefore, the autocratic style should be used selectively and combined with other leadership approaches to create a balanced and inclusive organizational culture.
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can i consider u as a market for yellow paper even if you are not willing to spend your 1 peso at this moment becuase you still have a yellow paper to use.if yoir answer is yes or no justify your answer
Answers
The willingness and capacity to buy yellow paper determine whether a person can be regarded as a market for it.
Under what condition one might not need yellow paper?One might not need yellow paper if they do not have a use for it. For example, if someone primarily works on a computer and does not need to take physical notes or make physical copies of documents, they may not have a need for yellow paper. Similarly, if someone works in an industry or job that does not require the use of paper documents, they may not need yellow paper.
Additionally, if someone is actively trying to reduce their environmental impact or carbon footprint, they may choose to minimize their use of paper products, including yellow paper. Ultimately, the need for yellow paper or any other product will depend on individual circumstances and preferences.
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Which of the following relates to the skills necessary to identify and exploit elements of the business environment that can lead to a profitable and sustainable business?
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Skills necessary to identify and exploit elements of the business environment that can lead to a profitable and sustainable business are called opportunity competencies.
What is the definition of profit?The greatest definition of profit is gain, especially when it is attained by raising the price of things so that consumers' payments exceed producers' costs and a sizable return on the money spent is left over. Profit is the money that is left over after expenditures and expenses have been paid.income from trade or business after covering the costs of generating and disbursing goods and services: Selling scraps to textile businesses brings her a sizable profit.The amount made by selling a product is referred to as the profit, and it must exceed the item's cost price. In other words, a profit is a benefit from any commercial activity.To learn more about profit refer to:
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You were hired as a consultant to Kangaroo Corporation, whose target capital structure
is 30% debt, 5% preferred, and 65% common equity. The before-tax cost of debt is
9.55%, the yield on preferred is 8.75%, and the cost of retained earnings is 14.00%.
The tax rate is 35%.
1. What is the company's WACC?
Answers
Answer: 11.4%
Explanation:
The weighted average cost of capital (WACC) is used by companies to calculate their cost of capitsk. It should be noted that a weight is assigned to every category of capital that's utilized.
Sources of capital, such as bonds, common and preferred stock, etc are included when the WACC is being calculated.
The WACC for the company is 11.4%. Check the attachment for more details.
