Answer:
Explanation:
Expert-verified answers to questions are not nearly wrong every time. In fact, the vast majority of expert-verified answers are accurate and reliable. However, it is always possible that an expert's answer could contain errors or omissions, either due to a lack of complete information or simply due to human error.
In general, it is not possible to report or comment on expert-verified answers because they are provided by independent experts who are not affiliated with the platform. If you have concerns about the accuracy of an expert-verified answer, you can try doing additional research or consulting other sources to verify the information. It is always important to be critical of the information you receive and to verify it against multiple sources in order to make informed decisions. So, it is always better to cross-check the information provided by any source, including expert-verified answers, before relying on it.
Some people include a letter of last instruction in their estate planning. What is likely TRUE about this letter?
a) It lists all of the medical interventions needed before decisions about the person’s end-of-life plans are decided.
b) This letter is always legally binding, with legal questions rarely coming into play.
c) It gives family members important information, such as where the person wants to be buried.
d) This letter lists who has power of attorney and, therefore, who receives any leftover money or land.
Answer:
C
Explanation:
A Letter of Last Instruction (LOLI) serves to give family important information such as where the person wants to be buried, instructions for any pets, or location of important legal documents.
Side note: this is not a will, and should not be used as a substitution for one. A will is a legal document, a LOLI is not.
Hope this helps! Let me know if you have any further questions about my response.
It gives family members important information, such as where the person wants to be buried. Therefore, This statement is True about letter of last instruction .
What is a Letter of Last Instruction?
A Letter of Last Instruction (LOLI) serves to give family important information such as where the person wants to be buried, instructions for any pets, or location of important legal documents. A will is a legal document, a LOLI is not. A letter of instruction isn't legally binding in any way, unlike a last will. Rather, it's meant to be something of a crib sheet for the executor of your will or your loved ones.
Therefore, (C) option is the correct answer.
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00 For Market failures means that the market has not achieved its optimum production outcome. This means that it has not produced the correct quantity of goods and services. QUESTION 1 Conduct a research to any small business that is manufacturing goods in your community. Make an appointment to interview the owner for the purpose of collecting the information using the questionnaire below. 1.1 General information: ● Name of the firm / business Specify the type of goods or service ● ● Position of the person interviewed ● Date of the interview 1,2 Explain briefly the negative impact the following factors have in your business. (10) Lack of information: ● Price discrimination Immobility of factors of production with special reference to: Physical capital Structural changes ● ● (1) ● (1) (1) (1) [14] QUESTION 2: Interview 3-4 community members that reside near the business you have visited. 2.1 Ask them to name any TWO negative externalities and TWO positive externalities caused by the local business, (2 x 2) (4) 2.2 Request them to list any TWO characteristics of public goods. (2 x 1) (2) 2.3 Use the negative externality and positive externality graphs to explain the impact this business have to the society (10) [16]
The first step in researching a small business in your neighborhood is to find a suitable nearby manufacturing company.
Once you do, contact the manager or owner to arrange an interview. Gather general information during the interview, such as the name of the company or business, what types of products or services they provide, the interviewer's position, and the time and date of the interview.
Then, focus on the detrimental effects different situations can have on the company. Briefly describe the impact on business of informational gaps, price discrimination, immobility of production variables (with a focus on physical capital), and structural changes.
Interview three to four locals who live close to the establishment you just visited. Ask them to list two unfavorable and two beneficial externalities brought about by the neighborhood business. Ask them to add two properties of public goods to the list as well.
Finally, use the data from the interviews to create graphs showing the positive and negative externalities of business on society. These infographics will graphically describe the costs and benefits that the company's neighborhood has.
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Why does the scientific method not follow an exact order?
Through testing and experimentation, the scientific method establishes facts in an unbiased manner.
What is an scientific method?Making an observation, formulating a hypothesis, making a prediction, carrying out an experiment, and then evaluating the findings are the fundamental steps. The scientific method's principles can be used in various contexts, including business, technology, and scientific study.
A set of steps are used in the scientific process to establish facts or generate knowledge. The general procedure is generally known, but depending on what is being examined and who is performing it, each step's specifics may alter. Only questions that can be tested and either proven true or false can be answered using the scientific method.
Therefore, Through testing and experimentation, the scientific method establishes facts in an unbiased manner.
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sales: $460,000 accounts receivable balance: $40,000 cost of goods sold: $300,000 inventory balance: $87,000 accounts payable balance: $25,000 calculate the following matrics: a/r days?inventory days?a/p days?cash-to-cash days?when making your calculations, please follow conventional rules for rounding up or down to arrive at your answer.
1. A/R days 37.14 days 2. Inventory days 105.85 days 3. A/P days 30.42 days 4. Cash-to-Cash days 107.17days.
A/R days = 365*40000/46000
Inventory days = 365*87,000/300,000
A/P days = 365*25,000/300,000
Cash-to-Cash days = C99+C100-C101
A/R days 37.14 days
Inventory days 105.85 days
A/P days 30.42 days
Cash-to-Cash days 107.17days
Stock refers to all the gadgets, goods, products, and materials held through an industrial agency for promotion inside the marketplace to earn earnings. The purpose of the stock is to provide a buffer between manufacturing and sales, smoothing out the flow of products and making sure that merchandise is available at the same time as customers order them.
No matter the scale of your corporation, having the proper inventory control device can be very important for any commercial organization. It permits you to hold in track all your assets and determine the appropriate expenses. it may additionally help you manage unexpected changes in a call without sacrificing consumer amusement or product high-quality. To gather this purpose, agencies must cautiously control their inventory stages, investing in a suitable system if vital.
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Complete Question:
sales: $460,000 accounts receivable balance: $40,000 cost of goods sold: $300,000 inventory balance: $87,000 accounts payable balance: $25,000 calculate the following metrics: a/r days? inventory days?a/p days? cash-to-cash days? and when making your calculations, please follow conventional rules for rounding up or down to arrive at your answer.
A/R days ____
Inventory days ____
A/P days ____
Cash-to-Cash days ____
Aoife starts out with 10 lobsters and 5 coconuts. Emma starts out with 10 lobsters and 15 coconuts. After trading, Aoife ends up with 8 lobsters and 10 coconuts. Aoife feels neither better nor worse off than when he started but cannot get Emma to agree to any more trades. Emma feels better off than when he started. Draw the Edgeworth box consistent with this story. Explain.
The Edgeworth box consistent with this story would show a distribution where Aoife has 8 lobsters and 10 coconuts while Emma has 12 lobsters and 10 coconuts.
How will the Edgeworth box illustrate the distribution of goods?The Edgeworth box is a graphical representation used in economics to analyze the distribution of goods between two individuals or economies. It consists of a box divided into two halves with each half representing the allocation of goods to one individual.
The positions within the box represent different allocations and the edges of the box represent the initial endowments of each individual. In this case, Aoife's initial endowment is 10 lobsters and 5 coconuts, while Emma's initial endowment is 10 lobsters and 15 coconuts.
After trading, Aoife ends up with 8 lobsters and 10 coconuts while Emma has 12 lobsters and 10 coconuts. This allocation can be represented by a point within the Edgeworth box where the horizontal axis represents lobsters and the vertical axis represents coconuts.
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in a 3 - 4 page essay, discuss warren Buffett's approach to business dealings, especially as they relate to business ethics.
Compare that approach to Benie Madoff's.
Apply ethical philosophies that you have learned about in this module and state which you think apply to Mr. Buffett.
Which ethical philosophies apply to Mr. Madoff? Why?
In this essay, we explore Warren Buffett's ethical approach to business, compare it to Bernie Madoff's, and analyze the applicable ethical philosophies for each.
Here are the steps to be followed:
1. Introduction:
2. Warren Buffett's Approach to Business Dealings and Business Ethics:
Explain Warren Buffett's overall approach to business dealings.Discuss his stance on business ethics, emphasizing any specific principles or values he adheres to.Provide examples or case studies that demonstrate Buffett's ethical decision-making in his business practices.Discuss the impact of his ethical approach on his reputation and long-term success.3. Bernie Madoff's Approach to Business Dealings and Comparison to Buffett:
Describe Bernie Madoff's approach to business dealings, specifically in relation to ethics.Highlight any unethical practices or actions committed by Madoff, such as his infamous Ponzi scheme.Compare and contrast Madoff's approach to Buffett's approach, pointing out the key differences in their ethical standards and behaviors.Discuss the consequences of Madoff's unethical actions, including the financial losses and damage to investors.4. Application of Ethical Philosophies to Warren Buffett:
Introduce the ethical philosophies that you have learned in the module.Identify which ethical philosophies apply to Warren Buffett based on his approach to business dealings.Explain why you believe these philosophies are applicable and provide supporting evidence or examples from Buffett's actions or statements.Discuss the implications and benefits of Buffett aligning with these ethical philosophies.5. Ethical Philosophies Applicable to Bernie Madoff and Reasons:
Analyze the ethical philosophies that can be applied to Bernie Madoff's actions.Discuss which ethical philosophies are relevant to understanding Madoff's unethical behavior.Provide justifications and explanations for the selected ethical philosophies, considering how they align with Madoff's actions or motivations.Reflect on the consequences of Madoff's departure from ethical principles.6. Conclusion:
Summarize the key points discussed in the essay regarding Warren Buffett's approach to business dealings and ethics, as well as the comparison to Bernie Madoff.Emphasize the importance of ethical decision-making in business and the long-term implications it can have.Offer any final thoughts or insights on the topic.Remember to support your arguments with evidence, examples, and references to credible sources. Properly cite any sources used in your essay according to the appropriate citation style.
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Suppose the price elasticity of supply for lumber is 2.4. If the price of lumber increases by 20% how much would the quantity supplied of lumber change
The quantity supplied of lumber would increase by 48% in response to a 20% increase in the price of lumber.
How to calculate by how much would the quantity supplied of lumber changeIf the price elasticity of supply for lumber is 2.4, then we can use the formula:
Elasticity of supply = percentage change in quantity supplied / percentage change in price
Solving for the percentage change in quantity supplied, we get:
Percentage change in quantity supplied = Elasticity of supply * Percentage change in price
Given that the price of lumber increases by 20%, the percentage change in price is 20%.
The percentage change in quantity supplied would be:
Percentage change in quantity supplied = 2.4 * 20% = 48%
Hence, the quantity supplied of lumber would increase by 48% in response to a 20% increase in the price of lumber.
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Which function of marketing stimulates sales, encourages customer loyalty, and communicates methods of payment?
One key function of marketing that stimulates sales, encourages customer loyalty, and communicates methods of payment is promotion.
Promotion is an integral part of the marketing mix and involves various activities aimed at creating awareness, generating interest, and influencing customers' purchasing decisions.
Through promotional strategies such as advertising, sales promotions, public relations, and direct marketing, businesses can effectively communicate the benefits and value of their products or services to the target audience. This creates a sense of urgency and drives sales by enticing customers to make a purchase.
Moreover, promotions can be designed to foster customer loyalty by offering exclusive discounts, rewards, or loyalty programs. These initiatives not only incentivize repeat purchases but also enhance the overall customer experience, fostering long-term relationships with the brand.
Additionally, promotions often include clear messaging about different methods of payment accepted by the business. By communicating convenient and flexible payment options, such as credit cards, online payments, or installment plans, customers feel empowered and informed about how to complete their transactions.
In summary, promotion plays a vital role in stimulating sales, cultivating customer loyalty, and effectively communicating methods of payment, thereby contributing to the overall success of a marketing strategy.
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In Year 1, the investor acquired 10% ownership of investee and applied fair value method to account for the investment. In Year 2, the investor acquired another 30% ownership and applied equity method to account for the investment (40% ownership). In Year 3, the investor sold 35% ownership of the investee and started using fair value method again to account for the investment (5% ownership). Should the investor apply retrospective adjustment in Year 2 and Year 3
Answer:
b
Explanation:
The US Senate overwhelmingly passed the 2022 Defense Authorization Act. The $768 billion "Defense Authorization Act" not only exceeds the defense spending proposed by the Biden administration by $25 billion, but also increases the US defense budget by about 5% compared to last year.
The US Senate passed the 2022 Defense Authorization Act, a $768 billion bill that surpasses the Biden administration's defense spending proposal by $25 billion and represents a 5% increase in the US defense budget compared to the previous year.
1. The US Senate passed the 2022 Defense Authorization Act.
2. The Defense Authorization Act is a bill that determines the budget and expenditures for the US defense sector.
3. The total amount allocated for the Defense Authorization Act is $768 billion.
4. The defense spending proposed by the Biden administration was exceeded by $25 billion in this Act.
5. The Act represents a 5% increase in the US defense budget when compared to the previous year.
6. This increase in the defense budget indicates a commitment to strengthening the country's defense capabilities.
7. The Act was passed overwhelmingly, indicating strong support from the Senate.
8. The Defense Authorization Act is an essential piece of legislation that ensures the funding and resources necessary for the US military to carry out its operations effectively.
9. The Act covers various aspects of defense spending, including military personnel, equipment, research and development, and strategic initiatives.
10. By passing the Defense Authorization Act, the US Senate has demonstrated its commitment to national security and defense preparedness.
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Match each marketable security with its description. (a) Eurodollar deposit (b) Banker's acceptance (c) Federal agency issue (d) Commercial paper (e) Repurchase agreement (f) Treasury bill (g) Money market mutual fund (h) Negotiable certificate of deposit (i) Treasury note 1. ________ A short term, unsecured promissory note issued by a corporation. 2. ________ An obligation of the U.S. Treasury with common maturities of 91 to 182 days. 3. ________ A portfolio of marketable securities. 4. ________ An arrangement whereby a bank or securities dealer sells specific marketable securities to a firm and agrees to purchase them in the future. 5. ________ An obligation of the U.S. Treasury with mutual maturities of between one and seven years. 6. ________ Negotiable instrument evidencing the deposit of a certain number of dollars in a commercial bank. 7. ________ An instrument issued by the Federal National Mortgage Association. 8. ________ Funds deposited in banks located outside the U.S. and denominated in U.S. dollars. 9. ________ Short term credit arrangement used by businesses to finance transactions with foreign countries or firms with unknown credit capacities.
Answer: See explanation
Explanation:
1. A short term, unsecured promissory note issued by a corporation. = Commercial paper
2. An obligation of the U.S. Treasury with common maturities of 91 to 182 days. = Treasury bill
3. A portfolio of marketable securities. = Money market mutual fund
4. An arrangement whereby a bank or securities dealer sells specific marketable securities to a firm and agrees to purchase them in the future. = Repurchase agreement
5. An obligation of the U.S. Treasury with mutual maturities of between one and seven years. = Treasury note
6. Negotiable instrument evidencing the deposit of a certain number of dollars in a commercial bank. = Negotiable certificate of deposit
7. An instrument issued by the Federal National Mortgage Association. = Federal agency issue
8. Funds deposited in banks located outside the U.S. and denominated in U.S. dollars. = Eurodollar deposit
9. Short term credit arrangement used by businesses to finance transactions with foreign countries or firms with unknown credit capacities = Banker's acceptance.
Following is the information listed below for Carter State Bank. What is the bank's net profit margin? Net income Total operating revenue Total assets Total equity Capital $ 55 million $ 650 million $4,055 million $ 350 million Multiple Choice 8.46 percent 16.03 percent
18.18 percent is the bank's net profit margin.
Net profit margin= Total operational revenue - net income
= $350 + $650 / $55
= 18.18%
The net profit margin, or simply net margin, is the amount of net income or profit generated as a proportion of revenue. or simply net margin. It is the proportion of a company's or business segment's net profits to revenues. The answer is OPTION D.
Although it can also be expressed in decimal form, net profit margin is frequently expressed as a percentage. According to the general rule of thumb, a net profit margin of 10% is considered average, a margin of 20% is considered good, and a margin of 5% is considered low. A higher net profit margin demonstrates a company's capacity to manage expenses and sell goods for a profit.
The que is incomplete complete que is given below.
a. 8.46 percent b. 16.03 percent c. 10.34 percent d.18.18 percent
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On average, our representatives enroll one customer every 3 hours, while top performers make one sale per hour. How would you plan your workweek to maximize your earnings?*
Plan your workweek to maximize your earnings Identify peak sales hours, Set ambitious goals, Allocate more time during high-performance hours, Continuous improvement, Efficient time management, Develop strong customer relationships, and Continuous learning.
To maximize earnings in this scenario, it is important to strategically plan the workweek and focus on increasing the number of customer enrollments. Here is a potential plan to maximize earnings:
1. Identify peak sales hours: Analyze the data and determine the hours or time slots when sales are most likely to occur. This could be based on historical data or observations of customer behavior. Allocate more time during these peak hours to capitalize on potential sales opportunities.
2. Set ambitious goals: Aim to achieve or exceed the performance of top performers by setting ambitious sales goals. This mindset will drive motivation and focus throughout the workweek.
3. Allocate more time during high-performance hours: Dedicate a larger portion of the workweek to the hours when top performers make one sale per hour. By increasing the number of hours during these periods, there is a higher likelihood of securing more customer enrollments.
4. Continuous improvement: Regularly analyze and reflect on sales techniques and strategies. Identify areas for improvement and seek ways to refine your approach. This could involve studying successful sales tactics, attending sales training sessions, or seeking feedback from experienced colleagues or mentors.
5. Efficient time management: Optimize time management skills to ensure productivity during working hours. Eliminate distractions, prioritize tasks, and maintain a focused and organized work environment. This will help maximize the number of customer interactions and increase the chances of securing enrollments.
6. Develop strong customer relationships: Emphasize building rapport and establishing strong connections with potential customers. Focus on active listening, understanding their needs, and providing personalized solutions. By developing trust and fostering positive relationships, the likelihood of successful enrollments can increase.
7. Continuous learning: Stay updated on industry trends, product knowledge, and competitor offerings. This will enable you to effectively address customer inquiries, overcome objections, and provide value-added insights during sales interactions.
By implementing these strategies, planning the workweek to prioritize peak sales hours, setting ambitious goals, improving sales techniques, and managing time efficiently, you can increase the likelihood of maximizing earnings by securing a higher number of customer enrollments.
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process which is followed to monitor the movement of stock in a company
Answer:
it known as stock control
what is the future value of 1200$ a year for 40 years at 8% interest? assume annual compounding
Answer/Number(3):
C: "310,868"
Suppose the CPI was 110 last year and is 121 this year.
Instructions: In part a, enter your answer as a whole number. In part b, round your answer to 1 decimal place. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers.
a. What is this year’s inflation rate?
____ %
b. In contrast, suppose that the CPI was 110 last year and is 108 this year. What is this year’s inflation rate?
____ %
c. What term do economists use to describe this second outcome?
Inflation or Deflation
The inflation rate is 10%, which can be computed the second answer is -1.8%. third outcome called deflation.
How to calculate CPI?a) The formula to CPI is
\(CPI= \frac{current CPI-past CPI}{past CPI}\)
\(CPI= \frac{121-110}{110}\)
CPI= 0.1 or 10%
b) \(CPI= \frac{current CPI-past CPI}{past CPI}\)
\(CPI= \frac{108-110}{110}\)
CPI= -0.18%
A decrease in the economy's overall price level is referred to as deflation, whereas a temporary slowdown in price inflation is known as disinflation. A decrease in the money supply, reductions in government and consumer expenditure, and reductions in corporate investment can all contribute to deflation, which is bad for an economy.
A progressive drop in consumer prices for products and services is known as price deflation. This is frequently brought on by the deflationary gap, also referred to as the demand gap, which is characterized by high supply and low demand. Consumers and businesses hold on to their money rather than spending it because they anticipate a decrease in pricing.
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q Conflict Consequences 2 Difference between critical and Creative thinking. 3. Positive Use & Teisure time 41m Portance & Self Identity Svalues associated with creative Thinking
Critical thinking involves analyzing and evaluating information, while creative thinking involves generating new ideas and solutions. Positive use of leisure time includes engaging in activities that promote personal well-being, learning, self-improvement, socializing, and exploring new experiences.
Difference between critical and creative thinking:
Critical thinking is a cognitive process that involves analyzing and evaluating information or arguments in a logical and systematic manner. It focuses on objective analysis, reasoning, and problem-solving. Critical thinking requires the ability to question assumptions, recognize biases, and assess evidence to form well-reasoned judgments or decisions.
On the other hand, creative thinking involves generating new ideas, insights, or solutions. It is a process of divergent thinking, breaking away from conventional thoughts and exploring alternative perspectives.
Creative thinking often involves combining different ideas, making connections, and thinking outside the box. It encourages imagination, flexibility, and the ability to embrace uncertainty.
While critical thinking aims to assess and evaluate existing information or arguments, creative thinking aims to generate new possibilities or approaches. Critical thinking seeks to analyze and deconstruct, while creative thinking seeks to synthesize and construct.
Positive use of leisure time:
Leisure time refers to the period when individuals are free from work or other obligations and can engage in activities of their choice. Positive use of leisure time involves engaging in activities that contribute to personal well-being, growth, and fulfillment. Here are some examples:
Pursuing hobbies and interests: Engaging in activities such as painting, playing a musical instrument, gardening, or sports can provide relaxation, personal enjoyment, and a sense of accomplishment.
Learning and self-improvement: Using leisure time to learn new skills, read books, take online courses, or engage in personal development activities can enhance knowledge, broaden perspectives, and foster personal growth.
Physical and mental well-being: Allocating leisure time for exercise, meditation, yoga, or other wellness activities promotes physical fitness, reduces stress, and enhances overall well-being.
Socializing and building relationships: Spending leisure time with family, friends, or participating in community activities helps foster social connections, build relationships, and strengthen support networks.
Exploring new experiences: Traveling, visiting museums, attending cultural events, or trying new cuisines broadens horizons, provides exposure to different cultures, and creates memorable experiences.
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10. When developing a business plan for a new venture, an entrepreneur should include a comprehensive description of the customers the new business wants to attract in the A. Market-segment analysis. B. SWOT analysis. C. Promotional plan. D. Corporate philosophy summary.
A company has fixed costs of $96,800. Its contribution margin ratio is 44% and the product sells for $61 per unit.
What is the company's break-even point in dollar sales?
$220,000
Explanation:
Calculation for the company's break-even point in dollar sales
Using this formula
Break-Even point in dollars sales= Fixed Costs ÷ Contribution Margin
Let plug in the formula
Break-Even point in dollars sales=$96,800/44%
Break-Even point in dollars sales=$220,000
Therefore the company's break-even point in dollar sales will be $220,000.
Advantages and disadvantages of transport sector
Road transportation has various benefits, including lower costs, shorter travel times, more adaptable load capacities, improved fuel economy, and environmental friendliness. On the other side, there are drawbacks as well, like traffic jams and safety worries.
What is a transport sector?A group of businesses together referred to as the transportation industry build and maintain infrastructure for transportation as well as services to move people and products. According to the Global Industry Classification Standard, technically, transportation is a subgroup of the industrials sector (GICS). The deliberate transfer of people, animals, and objects from one location to another is known as transport or transportation. In addition to land and water, cable, pipeline, and space are also modes of transportation. Infrastructure, transportation, and operations make up this field. Transportation industries include businesses engaged in trucking, rail, water, and other modes of commercial transportation for hire.The impact of transportation on employment and growth is significant in the economy and society of today.To learn more about transport sector, refer to:
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Which of the following would appear in the cash flows from investing activities section of the statement of cash flows?
a. Cash received from stock issued
b. Cash received from bonds payable
c. Depreciation expense on equipment
d. Cash paid for equipment
The correct answer is:
d. Cash paid for equipment
Cash flows from investing activities include transactions related to the acquisition or sale of long-term assets such as property, plant, and equipment. Cash paid for the purchase of equipment would be categorized as an investing activity because it involves the outflow of cash for the acquisition of a long-term asset.
1. Do you think the minimum wage should be increased in California, as is proposed? Why or why not? Remember, many firms must give everyone raises when minimum wage increases to keep all their workers happy. 2. In your opinion, what was the original purpose of the minimum wage? Was it meant to be a living wage?
An institutional broker wants to review their book of customers to see which are most active. Given a list of trades by customer name, determine which customers account for at least 5% of the total number of trades. Order the list alphabetically ascending by name.
Answer:
Alpha
Beta
Delta
Epsilon
Zeta
Explanation:
The customers list should be updated and sorted periodically to identify regular customers and those customers with big orders. There are many customers in the list and the list is not sorted according to alphabetical order. Those customers which account for more than or at least 5% of total trade are Alpha, Beta, Delta, Epsilon and Zeta. These are place first in list among other customers.
Answer the following questions on the basis of the monopolist's situation is illustrated in the following graph.
a. At what output rate and price does the monopolist operate?
b. In the equilibrium, approximately what is the firm's total cost and total revenue?
c. What is the firm's economic profit or loss in equilibrium?
The following answers are based on a monopoly economy.
The output rate and the price at which the monopolist operates based on the graph is 100 quantities at $10.In the market equilibrium, the firm's total cost and total revenues are $750 and $1000 respectively. The firm's economic profit in the equilibrium is $250.What is a monopoly?A monopoly, as defined by Irving Fisher, is a market with "no competition," resulting in a scenario in which a certain individual or organization is the exclusive supplier of a given product.
To arrive at answer a, we need to recall that the equilibrium of a monopolist is when the Marginal Cost equals the Marginal Revenue and the Marginal Cost Curve (MC) cuts the Marginal Revenue Curve (MR ) from below.
At this point, the equilibrium output is 100, and the equilibrium price is $ 10 for every unit of production.
For the answer is b, given that the firm is producing 100 units of goods at an average total cost of $7.5 (derived from the point that aligns with MR = MC), therefore,
Total Cost = Equilibrium Output * ATC (Average Total Cost)
= 7.5 * 100
= $750
To arrive at answer c,
Recall that Economic profit is the difference between the money collected from the sale of a product and the expenses of all inputs utilized, as well as any opportunity costs, is the economic profit or loss.
Hence, Economic Profit = Total Revenue (TR) Less Total Cost (TC)
= $1000 - $ 750
= $250
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The night manager of Dixie Transportation Service, who had no accounting background, preparcd
the following balance sheet for the company at February 28, 2009.The dollar amounts were taken
directly from the company's accounting records and are correct. However, the balance shect con-tains a number of errors in its headings, format, and the classification of assets, liabilities, and owners equity.
To create an accurate and informative balance sheet, the night manager of Dixie Transportation Service should correct the headings, reformat the statement to present assets, liabilities, and owner's equity vertically, and classify the items correctly according to their nature and duration.
The provided balance sheet contains several errors in its headings, format, and classification of assets, liabilities, and owner's equity.
The balance sheet is a financial statement that reports a company's financial position at a specific point in time. However, the given balance sheet has a number of issues that need to be addressed.
Firstly, the balance sheet lacks proper headings, such as the company name, date, and the title "Balance Sheet." These headings are essential to provide context and clarity to the financial statement.
Secondly, the format of the balance sheet needs improvement. Assets, liabilities, and owner's equity should be presented in a vertical format, with assets listed first, followed by liabilities and owner's equity. The current presentation mixes these categories, making it difficult to distinguish between them.
Thirdly, the classification of assets, liabilities, and owner's equity is incorrect. The balance sheet fails to differentiate between current and non-current assets and liabilities.
Moreover, it does not provide separate categories for long-term liabilities and owner's equity components like common stock and retained earnings.
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Item2 10 points Item 2Item 2 10 points On January 1, 2020, Mirada, Inc. issued five year bonds with a face value of $100,000 and an annual stated rate of 8%. Interest payments are made annually on December 31st. The bonds were issued for $108,425, when the market rate of interest was 6%. How much interest expense would Mirada record for 2020
Answer:
Mirada, Inc.
The interest expense that Mirada would record for 2020 is:
$6,315 ($8,000 - $1,685).
Explanation:
a) Data and Calculations:
Face value of bonds = $100,000
Annual interest rate = 8%
Annual interest expense = $8,000 ($100,000 * 8%)
Issued value of the bonds = $108,425
The bonds were issued at a premium of $8,425
Premium Amortization over five years on a straight-line basis = $1,685 ($8,425/5).
This implies that the interest expense will be reduced by $1,685 per annum.
Answer:
15
Explanation:
Marcie goes to the salon and has a pedicure and a manicure. What has Marcie purchased from the salon?
A.) A good
B.) A good and a service
C.) Neither
D.) A service
Which of the following words is easy to pronounce and remember?
1,Eudemos 2,Udemos 3,Defenshell 4,Defeme 5,guard-Juicy
6,Urban-Juicy 7,Speed-S 8,X-tend 9,J-self
Answer:
X-tend 9
Explanation:
Answer:
In my opinion I think
7, speed - s.
WHAT IS A CALCULATED INTEREST RATE
Answer:
Use this simple interest calculator to find A, the Final Investment Value, using the simple interest formula: A = P(1 + rt) where P is the Principal amount of money to be invested at an Interest Rate R% per period for t Number of Time Periods. Where r is in decimal form; r=R/100; r and t are in the same units of time.
Explanation:
Sam Tuckerton sells for Fair Designs, Inc. He is on a 4.5% straight commission with a $1,800 drawing account. If he is paid the draw at the beginning of the month and then sells $125,000 during the month, how much commission is owed to Sam?
Sam has made more commission than the amount of the drawing account, as seen by the negative amount owed. As a result, he is owed $5,625—the total amount of his commission.
What does commission cost in dollars?A commission is the quantity paid to an employee for accomplishing a task, which is typically selling a specific volume of goods or services, according to the U.S. Department of Labor. In addition to or in substitute of a standard pay, commission may be paid.
What does business commission mean?A sales commission is a payment made to an employee after they successfully complete a task, typically selling a predetermined volume of goods or services. Sales commissions are a common incentive used by employers to boost employee productivity.
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