Answer: The level of economic activity in the community
Explanation:
The decision factor for seeking a new charter that the investors discussing is the level of economic activity in the community. Economic activity refers to the activity regarding the provision, purchase and sale of goods or services in an economy.
Since the investors discuss that the community has a median income of $55,000, has 75,000 homes and that there is approximately $5.6 million in sales generated in the community on any given day, then they're discussing about the level of economic activity in the community.
McGregor Company allows customers to pay with credit cards. The credit card company charges McGregor 3% of the sale. When a customer uses a credit card to pay McGregor $1,300 for services provided, McGregor would:
Answer:
Debit Service fees expenses $39
Explanation:
The journal entry is shown below:
Cash account $1,261
Service fees expenses (3% of $1,300) $39
Service revenue $1,300
(Being the cash is recorded)
here cash and expense is debited as it increased the assets and expense and credited the service revenue as it also increased the revenue
5. The demand for professional education is increasing these days. Put your views to support the
statement.
Answer:
Professional education helps to rectify the errors in business
Explanation:
XBRL assurance is generally expected to include all of the following except: Multiple Choice Assurance that the most current, standardized XBRL taxonomy is used. Assurance that the underlying financial and nonfinancial data that is used in XBRL tagging is reliable. Assurance that the XBRL tagging is accurate and complete. Assurance that reports include all relevant financial and nonfinancial information.
Answer:
Assurance that reports include all relevant financial and nonfinancial information.
Explanation:
XBRL assurance can be regarded as opinions of auditor on a financial statement or other business report that is published in XBRL, this opinions of the auditors allows to know whether these published report or statement is
complete, relevant or accurate and fairly presented. An XBRL reportcan be regarded as "instance" and it is is an electronic file. It should be noted that XBRL assurance is generally expected to include all of the following
✓Assurance that the XBRL tagging is accurate and complete.
✓Assurance that the most current, standardized XBRL taxonomy is used.
✓Assurance that the underlying financial and nonfinancial data that is used in XBRL tagging is reliable.
At Tuxedo Park Tire and Rubber, a number of striking workers are picketing at the plant entrance. Because the picketers have started threatening people entering the plant and are vandalizing some company property, Tuxedo Park management believes it has just cause to ask the courts for a(n) ________ placing limits on the number of pickets and their actions while picketing. Multiple Choice preemptive judgment writ of contention arbitration judgment injunction
Answer:
Injunction
Explanation:
An Injunction is a court order requiring a person or a group of persons to desist from carrying out certain activities. If the person or group of persons desist from obeying the injunction, the individual(s) are in contempt of the court
Types of injunctions
Permanent InjunctionsTemporary restraining orders Preliminary injunctions.The striking workers are affecting the activities of the company they work for. The next step the company is supposed to take is to take legal actions to stop the striking workers. this can be achieved with an injunction
Dennis, the founder of a small app development company, wants to show investors how the company's user base has grown since the company was founded two years ago. This information would best be presented in a
Answer:
Line chart
Explanation:
A line chart, also known as a line plot, line graph, or curve chart, is a type of chart that shows data connected by straight line segments. It helps visualize data with clarity and organization.
The distinction between a current asset and other assets: Multiple Choice is based on the ability to determine the current fair value of the asset. is based on when the asset is expected to be converted to cash, or used to benefit the entity. is based on how long the asset has been owned. is based on amounts that will be paid to other entities within a year.
Answer:
is based on when the asset is expected to be converted to cash, or used to benefit the entity.
Explanation:
There are mainly three types of assets
1. The current asset is the asset that converted into cash within 12 months
2. The fixed asset is the asset that remains fixed like land, building
3 The intangible asset is the asset that cannot be seen or touched like intellectual property such as goodwill, patent
So here the distinction is to be made with respect to the convertibility to cash and the benefit provided to the entity
Carmel was paying premiums for health insurance, but when he had surgery, he was surprised to learn he still owed thousands of dollars to the hospital and medical providers. Carmel is ______.
Answer:
Underinsured
Explanation:
Carmel was underinsured and that was the reason for his huge debt despite paying premiums for health insurance.
Underinsurance means insufficient insurance coverage.
Underinsurance is situation in which the policyholder is
responsible for a larger percentage of expenses and may lead to financial difficulty.
For a downward-sloping demand curve, all other things remaining constant, a rightward shift of the supply curve _____
Answer:
Increase equilibrium quantity and equilibrium price would fall
Explanation:
A change in price of a good leads to a movement along the supply curve and not a shift of the supply curve.
Other factors other than a change in the price of the good would lead to a shift of the supply curve. Such factors include :
1. A change in the price of input
2. A change in the number of suppliers
3. Government regulations
Equilibrium price is the price at which quantity demand equal quantity supplied.
If there is a rightward shift of the supply curve, it means that there is an increase in supply. As a result, there would be an increase equilibrium quantity and equilibrium price would fall.
Henna Hair Salon purchased supplies for $6,000 and debited Supplies for the full amount. At the end of the accounting period, $1,800 worth of supplies were still on hand. Identify the adjusting entry needed at the end of the period. debit Supplies $4,200; credit Supplies Expense $4,200 debit Supplies Expense $7,800; credit Supplies $7,800 debit Supplies $1,800; credit Supplies Expense $1,800 debit Supplies Expense $4,200; credit Supplies $4,200
Answer: D. debit Supplies Expense $4,200; credit Supplies $4,200
Explanation:
Based on the information given in the question, the adjusting entry needed at the end of the period will be to debit Supplies Expense $4,200 and credit Supplies $4,200.
The supplies expenses of $4200 was gotten as:
= $6000 - $1200
= $4800
Therefore, the correct option is D.
.
As part of the agency relationship, you have to keep everything that the buyer discloses to you private. This includes any information that may impact the buyer's capability or motivation to pay more than the asking price. This is an example of:
Answer:
Confidentiality
Explanation:
An agent is a person that protects the interest of his client in a given business transaction.
He is obligated to represent his client's best interest even when he is absent.
One of the benefits that a client enjoys in an agency relationship is confidentiality.
This is the ability of an agent to keep information about his client and his transactions private.
This includes any information that may impact the buyer's capability or motivation to pay more than the asking price.
Intermediaries are defined as Multiple Choice companies responsible for developing products to sell to businesses. organizations that are in the middle of a series of organizations that distribute goods from producers to consumers. social service agencies responsible for evaluating the ethical considerations involved in developing a new product. consumers who are in the middle of the consumer decision-making process.
Answer:
organizations that are in the middle of a series of organizations that distribute goods from producers to consumers.
Explanation:
Intermediaries can be described as middlemen. They enhance the flow of goods and services between the producer and the consumer.
They are organizations that are in the middle of a series of organizations that distribute goods from producers to consumers.
Types of Intermediaries
agents wholesalersdistributorsretailers.Advantages of Intermediaries
They increase efficiency of the distribution processthey provide logistics supportDisadvantage of Intermediaries
they can increase the cost of a good
Individuals can differentiate themselves by making human capital investments, just as a firm can differentiate itself by paying higher wages.
A. True
B. False
Answer: True
Explanation:
Human capital refers to the skills, health and knowledge that people invest in which allows them to realize their potential.
Individuals can differentiate themselves by making human capital investments. This enables them standout from others just exactly as a firm can differentiate itself by paying higher wages.
A property is generating $100,000 in income and has expenses of $25,000. The investor pays $3,000 toward mortgage principal each year and $32,000 toward interest, plus another $4,000 in income taxes. What is the before-tax cash flow?
Answer:
$40,000
Explanation:
Calculation to determine the before-tax cash flow
Using this formula
Before-tax cash flow=Income-[Expense+(Debt service)]
Let plug in the formula
Before-tax cash flow=$100,000-[$25,000+($3,000 + $32,000)]
Before-tax cash flow=$100,000-($25,000+$35,000)
Before-tax cash flow=$100,000-$60,000
Before-tax cash flow=$40,000
Therefore the before-tax cash flow is $40,000
_____ is an integrated system that collects and processes data and manages and coordinates resources, information, and functions throughout an organization.
Answer:
Enterprise resource planning is an integrated system that collects and processes data and manages and coordinates resources, information, and functions throughout an organization.
Enterprise Resource Planning (ERP) is an integrated system that collects and processes data and manages and coordinates resources, information, and functions throughout an organization.
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Mrs. Park is an elderly retiree. Mrs. Park has a low fixed income. What could you tell Mrs. Park that might be of assistance
Answer: Reach out to her Medicaid for their programs
Explanation:
There are programs that are set up to assist retiree's. Mrs Park should reach out to her state Medicaid agency and enquire if she is qualified for the programs they run which would assist her income.
Answer:
She should contact her state Medicaid agency to see if she qualifies for one of several programs that can help with Medicare costs for which she is responsible.
Explanation:
Rather than have the top level of management make all the decisions, Jake's company gives all lower-level managers the authority to make decisions for his or her department. Jake's company operates as a(n) ______ organization
Answer:
Decentralised organisation
Explanation:
Decentralised organisation are those in which most of the authority to perform tasks is given to.lower level management or even individual teams.
This results in a system where decisions are made faster.
Also a small amount of control is maintained for major decisions.
In the given instance Jake's company gives all lower-level managers the authority to make decisions for his or her department, this is a decentralised organisational system
People who are not currently employed but say they want a job are counted as unemployed only if they _____
Answer:
B
Explanation:
a. have previously held a job.
b. are actively seeking employment at least in the past 4 weeks.
c. are only willing to accept a reasonable offer.
d.are more than 21 years of age.
A person is unemployed if she does not have a job but is actively seeking employment
types of unemployment
structural unemployment is an unemployment that occurs as a result of changes in the economy. These changes can be as a result of changes in technology, polices or competition. Structural unemployment tends to be permanent.
The geologist lost his hob permanently due to increase in wages (polices)
Frictional unemployment: the period of time a person is unemployed from the period he leaves his current job and the time he gets another job. Eg. when a real estate agent who leaves a job in Texas and searches for a similar, higher-paying job in California.
Voluntary unemployment: e.g. worker at a fast-food restaurant who quits work and attends college.
On a production possibilities curve, a change from economic inefficiency to economic efficiency is obtained by a) movement along the curve b) movement from a point outside the curve to a point on the curve c) movement from a point inside the curve to a point on the curve d) a change in the slope of the curve
Answer:
c) movement from a point inside the curve to a point on the curve.
Explanation:
Option C is correct because the production possibilities curve shows the combination of goods produced by the economy efficiently and any point inside the curve shows the inefficiency of the economy while the point outside the curve shows that the economy can not achieve it. Therefore, change in economic inefficiency to efficiency leads to move point from inside to the point on the curve.
According to ______, market participants immediately change their actions in response to anticipated price-level changes, such that no changes in real output occur.
Answer:
rational expectations theory
Explanation:
Rational expectations theory is the tendency of people to behave in a rational manner when presented with economic decisions. It is a widely used theory in economics.
It's states that decisions are made primarily on the basis of information available to them, human rationality and past experience.
So when market participants immediately change their actions in response to anticipated price-level changes such that no changes in real output occur, they are acting according to the rational expectations theory
According to the definitions of national saving and private saving, if Y, C, and G remained the same, an increase in taxes would
Question options :
a. raise both private and public saving.b. raise private saving and lower public saving.c. lower private saving and raise public saving.d. lower private and public saving.
Answer:
c. lower private saving and raise public saving.
Explanation:
National saving is total of private and public saving minus the country's consumption and government expenditure.
Private saving is income from households minus consumption and taxes.
Formula for public saving is T − G − TR which is government budget surplus through revenue from tax. This is revenue from tax minus government expenditure and transfers.
What method is generally preferred to resolve contract disputes because it saves time, money, and preserves relationships between the parties
Answer:
Alternative dispute resolution
Explanation:
Alternative dispute resolution is that way that a better alternative is chosen in resolving legal issues in civil and and commercial disputes without going to court.
This is less cumbersome, expensive, and time consuming.
There are 4 types of alternative dispute resolution: mediation, settlement, arbitration, and neutral evaluation.
Usually a third party is involved and acts as an umpire to ensure all parties are satisfied
What is the term for when people fail to reach a mutually beneficial equilibrium because they lack a way to synchronize their actions
Answer:
A coordination failure.
Explanation:
A coordination failure is the term used for describing a situation when two or more people fail to reach a mutually beneficial equilibrium because they lack a way to synchronize their actions. Thus, a coordination failure simply occurs when two or more people or businesses are lacking coordination in their actions and as a result are unable to reach a mutually beneficial equilibrium or compromise.
Luebke Incorporated has provided the following data for the month of November. The balance in the Finished Goods inventory account at the beginning of the month was $55,000 and at the end of the month was $30,300. The cost of goods manufactured for the month was $213,500. The actual manufacturing overhead cost incurred was $55,900 and the manufacturing overhead cost applied to Work in Process was $59,200. The company closes out any underapplied or overapplied manufacturing overhead to cost of goods sold. The adjusted cost of goods sold that would appear on the income statement for November is:
Answer:
234,900
Explanation:
Calculation to determine what The adjusted cost of goods sold that would appear on the income statement for November is:
First step is calculate the Over applied overhead
Over applied overhead = $59,200-$55,900
Over applied overhead = 3300
Second step is calculate the Unadjusted cost of goods sold
Unadjusted cost of goods sold = 55000+$213,500-30,300
Unadjusted cost of goods sold= 238,200
Now let determine the Adjusted cost of goods sold
Adjusted cost of goods sold = $238,200-3300
Adjusted cost of goods sold= 234,900
Therefore The adjusted cost of goods sold that would appear on the income statement for November is:234,900
A seller entered a contract with a buyer under which the buyer agreed to purchase certain corporate securities for $500,000. The buyer refused to go through with the purchase, contending that the entire transaction was void because of federal securities statutes. The seller thus sold the securities to another party but was able to sell them for only $420,000. The seller filed an action against the buyer in federal district court, alleging that the transaction did not violate federal securities statutes and seeking $80,000 for the buyer's breach of contract. The seller and the buyer are both citizens of the same state. Does the federal court have subject matter jurisdiction over the action
Answer:
Yes. The federal court has subject matter jurisdiction over the action because it is based on a federal statute.
Explanation:
While the state court will always have subject matter jurisdiction over most cases involving citizens of the same state, the statute under contention is a federal statute, and the defendant is claiming that the transaction violated some federal securities statutes. Moreover, the amount that the plaintiff is asking for is more than $75,000. As it is, the federal court has subject matter jurisdiction to hear the case.
If policymakers are concerned about the unequal distribution of income within society, then they should prefer a ________ tax system.
Answer:
Progressive income
Explanation:
Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.
There are three (3) types of taxation used by the government, these are;
1. Progressive taxation: it involves charging individuals having higher incomes a higher percentage of their total income.
For instance, John pays 30% on $70,000 and Joyce pays 10% on $45.000.
2. Proportional taxation: it involves charging both lower and higher income earners equally in proportion to their income.
For instance, John pays 20% on $50,000 and Joyce pays 20% on $36,000.
3. Regressive taxation: it involves charging individuals with low incomes a higher percentage of their total income and vice-versa.
For instance, John pays 15% on $60,000 and Joyce pays 20% on $36,000.
Hence, if policymakers are concerned about the unequal distribution of income among employees or workers within their society, then they should prefer a progressive income tax system.
What are the effects on U.S. imports and exports when the U.S. experiences economic growth stronger than its major trading partners
Answer:
Imports will increase
Explanation:
Exports provide money into the system, increasing the GDP of the exporting country. If a country imports items, it does so from outside manufacturers. The money that is spent on imports departs the economy, lowering the GDP of the importing country.
Imports will rise if the United States' economic growth outpaces that of its main trade partners.
1. Complete as frases com a forma correta do verbo to be (am, is, are)
a) She
b) They
studying maths
having breakfast
drinking lemonade.
d) it
raining at the moment.
e) You
sitting in my chair.
listening to music
f) He
g) My sister
doing her homework.
h) Her children
making dinner.
Complete Question:
Complete the sentences with the correct form of the verb to be (am, is, are).
Answer:
a) is.
b) are.
c) am.
d) is.
e) are.
f) is.
g) is.
h) are.
Explanation:
A verb is one of the parts of speech in English language. Verbs can be defined as any word that describes an action, occurrence, or state of existence. Some examples of verb are dance, sing, walk, play, run, sit, etc.
A present continuous tense is simply used to describe an action that is being performed at the moment (on-going) or an unfinished action.
Completing the sentences with the correct form of verb, we have;
a) She is studying maths.
b) They are having breakfast.
c) I am drinking lemonade.
d) It is raining at the moment.
e) You are sitting in my chair
f) He is listening to music.
g) My sister is doing her homework.
h) Her children are making dinner.
which type of approach to manufacturing tries to anticipate customer demand when deciding how much to produce and when
Answer:
Push manufacturing.
Explanation:
Factors of production can be defined as the fundamental building blocks used by individuals or business firms for the manufacturing of finished goods and services in order to meet the unending needs and requirements of their customers.
In Economics, there are four (4) main factors of production and these are;
I. Land.
II. Labor (working).
III. Capital resources.
IV. Entrepreneurship.
When these aforementioned factors of production are combined effectively and efficiently, they can be used for the manufacturing or production of goods and services to meet the unending requirements or needs of the consumers.
In Economics, there are two types of inefficiency associated with the production of goods and services, these includes;
1. Allocative inefficiency: it occurs when businesses do not maximise output from the given inputs. Thus, it arises when businesses fail to increase the level of their production or productivity from a number of given inputs.
In conclusion, allocative inefficiency typically occurs when the price of a good or service isn't equal to its marginal cost i.e P ≠ MC.
2. Technical or productive inefficiency: it occurs when businesses produce goods and services that consumers do not want. This is typically as a result of the incorrect and inefficient allocation of scarce resources by a business firm or entity.
Push manufacturing is a type of approach to manufacturing that typically tries to anticipate customer demand when deciding how much to produce and when. Thus, its required that a manufacturer anticipate the demand of consumers when using the push manufacturing approach.
Knowledge Check 01 Cost-volume-profit analysis is used to predict how changes in _____ levels affect profit. multiple choice fixed and variable production and sales costs and sales sales and production
Answer:
High
Explanation:
because the change of volume profit is always increase.
The Federal Reserve mandates banks to deposit a certain percentage of their ______ as required reserves at their regional Federal Reserve Bank.
Answer:
deposits
Explanation:
