Answer:
Option C, its PPF shifts outward, is the right answer.
Explanation:
Option “c” is correct because the growth in the economy shows two things. First, the output of the economy has increased during a particular period of time. Secondly, it shows that the potential of the economy has increased. This means its productivity to produce has increased. Therefore, in such cases, the PPF curve shifts rightwards and this rightwards shift in PPF shows the economic growth
Dervish Company uses LIFO for all of its inventories. During its second quarter of 2009, Dervish experienced a LIFO liquidation. Dervish fully expects to replace the liquidated inventory in the early part of the third quarter. How should Dervish report the inventory temporarily liquidated on its income statement for the second quarter
Answer: The cost of the goods that are sold for the second quarter should consist of the expected replacement cost of the goods that are temporarily liquidated.
Explanation:
From the question, we are informed that Dervish Company uses LIFO for all of its inventories and that during its second quarter of 2009, Dervish experienced a LIFO liquidation. We are further told that Dervish fully expects to replace the liquidated inventory in the early part of the third quarter.
When Dervish is reporting the inventory temporarily liquidated on its income statement for the second quarter, the cost of the goods that are sold for the second quarter should consist of the expected replacement cost of the temporarily liquated goods.
Which of the following was the first emission control device?
A.Muffler
B.Catalytic converter
C.PCV Valve
D.HO2S Sensor
Answer:
The answer is A. The Muffler
Explanation:
The first muffler for cars was designed in 1897.
The function of the car muffler is to slow down the speed of movement of the exhaust gases, which helps to smooth the movements of the engine, reduce the temperature of the gases and reduce the emissions of substances that are harmful to the environment.
A local electricity - generating company has a monopoly that is protected by an entry barrier that takes the form of:________. a. economies of scale. b. perfectly inelastic demand curve. c. control of a key raw material. d. network externalities.
Answer:
a. economies of scale.
Explanation:
Economics of scale refers to a scale in which there is a benefit of the cost that occurs when there is an efficient production
It can be accomplished by rising the production at less cost this arise as cost are allocated among the larger number of goods
Here, the local electricity who generated the company has a monopoly and are safe from the entry barrier
So this is a case of economies of scale
Hence, the correct option is a. economies of scale
In one year, Hitech Microdevices will pay a common stock dividend of $4.35. You predict that you will be able to sell your Hitech stock for $57 per share after 1 year. If you require a rate of return of 16 percent on Hitech stock, how much would you be willing to pay now for a share of the stock?
Answer:
Price to be paid now = $52.89
Explanation:
The Dividend Valuation Model is a technique used to value the worth of an asset. According to this model, the worth of an asset is the sum of the present values of its future cash flows discounted at the required rate of return.
The stock would be held for just a period, hence we would use the single period return model. This is given as follows:
Price now = D/(1+r) + P×(1+r)
Dividend , r - rate of return, P -year-end price of stock
Dividend = 4.35, r-16%, P- 57
Price = 4.35/(1.16) + 57/(1.16)= $52.89
Price to be paid now = $52.89
In order to deal with the financial problems inherent to the current Social Security system, President Waldhart proposes that anyone making over $150,000 would receive no benefits. This solution best fits with a(n) ____ approach. Group of answer choices
Answer: means test benefit
Explanation:
A means test is used to determines whether an individual or a household will be eligible to get some payments or benefits.
An example is the one illustrated in the question whereby President Waldhart proposes that anyone making over $150,000 would receive no benefits.
If an advertisement is affiliated with a website's content, what might that suggest?
A. that the information you find is biased
B. that the advertisements were free
C. that the advertisements financially support the site
D. that the information you find will be entirely untrue
I'm confused between some answers can someone clarify.
Answer:
It suggests that the advertisement financially supports the website ( C )
Explanation:
Affiliation is the official attachment of businesses with common interest wherein one party controls or is in-charge of the business relationship between the parties. in some cases a third party might be in control as well.
The information found on an advertisement that is affiliated with a website content shows that the advert and the website are in business together hence the advert supports the website financially, because the details contained in the advert might be drawn from the contents of the websites.
Marc and michelle are married and earned salaries this year of $69,200 and $13,950, respectively. in addition to their salaries, they received interest of $350 from municipal bonds and $1,150 from corporate bonds. marc and michelle also paid $3,150 of qualifying moving expenses, and marc paid alimony to a prior spouse in the amount of $2,150. marc and michelle have a 10-year-old son, matthew, who lived with them throughout the entire year. thus, marc and michelle are allowed to claim a $1,000 child tax credit for matthew. marc and michelle paid $7,300 of expenditures that qualify as itemized deductions and they had a total of $6,330 in federal income taxes withheld from their paychecks during the course of the year. (use the tax rate schedules. )
Part of question :
What is the total amount of Marc and Michelle's deductions from AGI?
Answer and Explanation:
Let's assume Marc and Michelle are filing a joint tax return.
Total salaries from Marc and Michelle = $69200+$13950 = $ 83150
interest on corporate bonds which is taxable = $1150
total income = $ 83150+$1150= $84300
deductions include:
The IRA contribution =$ 3150
The alimony to ex wife= $ 2150
Total deduction = $ 5300
Agreegate income= $ 84300-$5300=$79000
Marc and Michelle have options to choose standard deduction of $24000 from AGI or itemised deduction of 2% of AGI=$1580
From here, it is better to take the standard deduction option as it reduces taxable income
Therefore taxable income =$79000-$24000=$55000
Total deduction=$24000
A prospective buyer who is represented by a broker signs a contract to purchase a property serviced by a septic system. The seller's property disclosure statement indicated that the system had recently been professionally serviced. After closing on the property, the buyer informed the agent who had represented him that the septic system failed and needed to be replaced. He claimed that the agent should have advised him to have the system inspected as a condition to close. Would BRRETA support this claim on behalf of the buyer-client?
Answer:
The correct answer is "No".
Explanation:
BRRETA seems to be a customer safety state law that regulates the interaction involving real estate developers including brokerage customers in Georgia throughout designed to safeguard either brokers or customers from problems that might occur within the organization concerning the interaction between some of the entities.Underneath the law, only "natural" consideration needs to be exercised by the broker as well as the brokerage will also not be found accountable for recommending a customer to undertake a matter in which the client may fairly operate independently.Heartland Health Systems, which employs 20,000 people in facilities in Chicago, St. Louis, Topeka, and Indianapolis, has suffered from poor management for years. As a result, employees are demoralized, and the workplace culture has become increasingly toxic. The board of directors makes the decision to fire many of the top executives and brings in a new CEO, Bashir. An independent polling company conducts employee surveys across all branches, revealing that Heartland employees rank feeling undervalued and underappreciated among their biggest complaints. Bashir decides to implement a radical approach at all levels of management that will help managers relate to and serve their employees. Which of the following is Bashir most likely to do?
Answer: engage in active listening so that he can understand employees' needs
Explanation:
From the question, we are informed that Heartland Health Systems has suffered from poor management for years and as a result, the employees are demoralized, and the workplace culture has become increasingly toxic.
The most likely thing for Bashir to do is to engage in active listening so that he can understand employees' needs. When this is done, he will be able to Kno what the workers want and then can improve their morales and together achieve the organizational goals.
Part 1 Using the refusal skills sequence, complete the case scenario by indicating how you would refuse to be involved in the situation. Include all eight steps of the refusal sequence, and use the format indicated below for each step. (List the step then the action) Example: 1. What are they asking me to do and why? They are asking me to participate in an activity that is illegal and against my personal values. (Double space after each answer.) Case Study Number ____________ 1. What are they asking me to do and why? 2. Label what they are asking you to do (i.e. illegal, dangerous, etc.). 3. Determine the consequences if you get caught or if you participate in this activity. 4. Communicate my refusal. 5. Say no. 6. Use "I" statements. 7. Suggest an alternative. 8. Leave the scene and avoid questionable places.
Incomplete question.
Full Question and Explanation:
1. What are they asking me to do and why?
They are asking me to do things both illegal and sexual that I do not believe in doing.
2. Label what they are asking you to do (i.e. illegal, dangerous, etc.).
It is Illegal, sexual, and dangerous
3. Determine the consequences if you get caught or if you participate in this activity.
I could get infected with a disease or even get arrested by law enforcement agents.
4. Communicate my refusal.
I do not do such things and I will not follow others in their wrongful course.
5. Say no.
No matter what you say, I say no!
6. Use "I" statements.
I feel that you do not consider my feelings when you try to force me because I don't want to do these things.
7. Suggest an alternative.
No, lets go and watch a movie at the movie theater.
8. Leave the scene and avoid questionable places.
My mom must be waiting for me by now, I'll have to go home.
Tasty Pasta in an American fast food restaurant chain with locations in 20 countries. When the company enters a new foreign market, it usually selects a combination of franchising and master subsidiaries. These master subsidiaries are joint ventures with local partners because of the advantages joint ventures bring to Tasty Pasta. Specifically, joint ventures are politically more acceptable and they:_________.A) Help realize location and experience curve economies
B) Avoid high transport costs
C) Ensure a steady stream of loyalty payments .
D) Tend to provide a higher control over technology.
E) Bring a degree of local knowledge to the subsidiary.
Answer: Bring a degree of local knowledge to the subsidiary.
Explanation:
Joint Venture is a form of business organization whereby two or more parties come together and use the skills and resources that they both have to achieve a common goal.
Based on the scenario in the question, Joint ventures are politically more acceptable and they also bring a degree of local knowledge to the subsidiary.
Your 15-year-old brother comes home with the great news that he has decided to buy his first car he found on Craigs List. Your brother has just agreed to give $7,000 to a buy the car. He signed the contract and just needs to pay the stranger and pick up the car. Your dad is upset and calls the stranger to tell him your brother will not be buying the car. The stranger can:_________.
a. do nothing.
b. sue your brother for specific performance.
c. sue your brother for breach of contract.
d. sue your dad for breach of contract.
Answer:
a. do nothing.
Explanation:
In this scenario the contract to buy the car was entered by your 15 year old brother. According to the law the legal age for an individual to be able to enter into a legal contract is 18 years and above.
If a person is less than 18 years they will require the guardian to be the person entering the contract on their behalf.
Since the contract was not entered into with the father's knowledge, this is not a legally binding contract.
So the stranger cannot sue in this instance
You are interested in buying a piece of land overlooking the sea. You find a place atop a 50m high sea cliff. The lot is only about 30m wide but is 200m long parallel to the coast, so you think you are getting a large expanse of the coastline. What would be the most important thing to look for in considering this purchase
Answer:
The stability of the sea cliff, rock type, etc.
Explanation:
The most significant thing which must be considered is the stability of the sea cliff, rock type, etc. because it is given in the question that the place is at a top of 50 m high sea cliff. Therefore, the cliff must be stable and strong. Moreover, this is 200 m long parallel to the coast so there will not be any difficulty in the view. Thus, only stability is the primary concern that must be considered.
The Code of Professional Conduct contains Principles that guide all members of the AICPA. A commitment to act for the benefit of clients, creditors, investors, and others is most directly embodied in which Principle?
Answer:
The right answer is "The public interest".
Explanation:
Something that threatens the general public privileges, wellbeing, or finances throughout general. Public interest throughout the customer relations but mostly entanglements of central, state, as well as the national government, seems to be a legitimate issue and that of other community members. This doesn't specifically mean interest but seems to be a broad term often used to refer to something like the legislative body as well as the general welfare of the general public.For a new Madden video game, EA Sports decides to have Antonio Brown on the cover and run an ad campaign on ESPN. After the advertisement has run, EA Sports asks ESPN viewers if they recall the advertising and if it changed their attitudes about the product. What is this process called?
Answer:
Post testing
Explanation:
Post-testing is the testing that could be done after finishing the product. It is to be done to check the performance, efficiency, effectiveness of the product so that if there is any error then it can be solved
Here in the given situation, after running the advertisement EA sports ask ESPN viewers for restarting the advertising also it changed the attitudes with respect to the product or not
So this we called as post-testing
Jack oversees two very different workers. Kenny wants to be told exactly what to do because he is hesitant to make decisions, and Laila wants to be told exactly what to do because she wants to get on with it. So, even though they are very different people, they both respect decisiveness. According to the path-goal theory of leadership, Jack should use the _____________ leadership style with Kenny and Laila.
Answer:
Directive.
Explanation:
In this scenario, Jack oversees two very different workers. Kenny wants to be told exactly what to do because he is hesitant to make decisions, and Laila wants to be told exactly what to do because she wants to get on with it. So, even though they are very different people, they both respect decisiveness. According to the path-goal theory of leadership, Jack should use the directive leadership style with Kenny and Laila.
Under a directive leadership style, leaders generally set a clearly defined objective, guidelines, roles or functions and rules for his or her subordinates (employees).
Hence, it is always considered or deemed necessary to guide employees to achieve organizational success in a directive leadership style.
In Lurnee, it takes 10 resources to produce 1 ton of cocoa and 13.5 resources to produce 1 ton of rice. In South Tyberg, it takes 40 resources to produce 1 ton of cocoa and 20 resources to produce 1 ton of rice. Lurnee has a comparative advantage over South Tyberg in cocoa. This follows the theory of comparative advantage, and we can say that engaging in free trade benefits all countries that participate in it; however, this conclusion stems from which of these inaccurate assumptions?
A. We have assumed that agrarian nations do not specialize in producing particular products.
B. We have assumed the prices of resources and exchange rates in the two countries are dynamic.
C. We have assumed diminishing returns to specialization.
D. We have assumed constant returns to scale.
E. We have assumed there are barriers to the movement of resources from the production of one good to another within the same country.
Answer: We have assumed constant returns to scale.
Explanation:
Comparative advantage simply stated that an economy should produce the goods whereby the said economy has a lower opportunity cost than its counterpart.
Based on the analysis in the question, the inaccurate assumption is that we have assumed constant returns to scale. This means that an increase in the inputs such as capital and labour which are used in producction will also cause an identical increase in output. In reality, this isn't always true.
Randy complained to his boss Maryann that he received the same bonus this quarter as everyone else,despite the longer hours he had worked and his higher level of experience,production and efficiency.If Maryann can't change the bonus,she should expect that Randy might respond in any of the following ways except _____.
A) ignoring his feeling of resentment and trying harder in next quarter
B) transferring
C) quitting
D) reducing his production
E) reducing his hours
Answer:
A) ignoring his feeling of resentment and trying harder in next quarter
Explanation:
It is common for employees who are frustrated for some reason to be able to use negative emotions to deal with the situation, such as reduced productivity, commitment and engagement at work.
Therefore, it is not expected that an employee will try harder in the next quarter after this situation.
But in an ideal scenario, the key would be for the employee to continue to strive and do his job in the best possible way, because in some situation there may be a reward, since a good manager knows his employees and is concerned with creating strategies that be able to recognize and reward your efforts.
1. What is the break-even point for this establishment? 2. If the restaurant wanted to make a profit of $70,000 based on these numbers, how much would have to be sold? 3. If sales rose to $700,000, what would profit increase to?
Answer:
I wasn't able to access the full question, but I am writing down all the formulas that would be used to solve the questions.
Explanation:
Requirement 1.
The Breakeven Point would be calculated using the following formula:
Breakeven Point = Fixed Cost / (Selling Price per Unit - Variable Cost per Unit)
Requirement 2.
The target profit will require the company to achieve certain number of units to be sold. The level of units can be calculated using the following formula:
Units Sold For Desired Profit (Units) = (Fixed Cost + Target Profit) / (Selling Price per Unit - Variable Cost per Unit)
Requirement 3.
If we multiply selling price on the both sides of requirement 2 formula then we have following formula:
Sales ($) = (Fixed Cost + Target Profit) * Selling Price / (Selling Price per Unit - Variable Cost per Unit)
Now we can calculate the Target profit which will only be the variable unknown.
George wanted a home in the St. Paul area. He was willing to pay premium price for it even though there were other homes in other areas that were better values. When George was asked why he was willing to pay so much, he told the sales associate that he worked in that area and that he wanted his children to attend school in a specific school district. George's willingness to pay top dollar for a home in St. Paul is because of which characteristic of value?
Answer:
George's willingness to pay top dollar for a home in St. Paul is because of the following characteristics of Value:
"Values are a set of choices with the ability to be fluid such that may be ranked depending on the current situation."
Explanation:
In the question above, George prioritised familiarity with and emotional attachment to the St. Paul area given that he had worked there before and was convinced about the value he'd get from a school in that area.
Notice that he could have put a premium of security, access to social amenities and a host of other factors. However, those factors are not key in the ranking of values which informed George's choice.
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Capital rationing uses the following measures to determine the funding of projects except a.verifying the best financing option available. b.establishing minimum standards by applying the cash payback and the average rate of return. c.considering qualitative factors. d.ranking the proposals with the available funds.
Answer:
A.
Explanation:
Capital Rationing can be defined as restrictions imposed by a company on the new investments and projects. The purpose of imposing capital rationing is to fortify the flow of cash of a company. It is done so that the compnay may not run out of the cash. Capital Rationing is imposed by making the cost of capital higher on new investments.
The function that is NOT performed by Capital rationing is verifying the best financing option available.
So, the correct answer is option A.
Which of the following types of securities or securities transactions are exempt from the need to be registered under the Securities Act of 1933? I. Commercial paper with a maturity of nine months or less. II. Intrastate issues in which the securities are offered and sold only within one state. III. Municipal bonds.
Answer:
I, II, and III
Explanation:
There are various types of securities transactions that are exempted and registered under the Securities Act of 1933 which are as follows
1. Commercial paper whose maturity is within 9 months
2. Intrastate issues: this issue represents that the securities should be offered and sold within one state
And, the last one is
3. Municipal bonds.
Hence, all three options are correct
Which of the following is a true statement? A. Adverse selection occurs after a transaction has taken place in insurance markets. B. The FDIC has reduced the problem of moral hazard but not the problem of adverse selection. C. The FDIC has reduced the number of depositors who have lost savings, but in doing so, has inadvertently encouraged banks to make riskier loans. D. Moral hazard is a problem that occurs before a transaction takes place when asymmetric information is a problem.
Answer:
C
Explanation:
FDIC gives insurance to depositors. it promises to pay back a certain amount of the deposits of a banks customers in the case where a bank fails. As a result of this insurance banks have a greater incentive to take on more risky projects because they know that their customers would be protected even the project goes sour and the bank fails.
Due to the services of the FDIC, less depositors have lost money when a bank fails because of the insurance services they provide to depositors.
Andrea hired Jack to be the sales agent for her paintings. However, in a month's time, she terminated the agency with Jack. Harold, a customer who had dealt with Jack earlier, was not aware of the termination. Harold approached Jack to buy a painting and wrote him a check of $5,000, the advance payment for the painting which Jack promised would be delivered in two weeks. When Jack did not contact Harold later, Harold demanded that Andrea honor the contract, since Jack sold the picture as her agent. Which of the following is true of this situation?
A. Since Jack had apparent authority, Andrea is liable to honor his contract with Harold.
B. Harold's duty was to contact Andrea. His failure to do this removes her liability to honor the contract.
C. Jack had express authority as Andrea's agent, which is not terminated with the termination of their agency.
D. As Andrea terminated the agency with Jack in violation of his rights, Jack has the direct authority to sell her paintings.
Answer:
A. Since Jack had apparent authority, Andrea is liable to honor his contract with Harold.
Explanation:
The Contract defines that when two or more persons bound for a purpose legally.
Contract = Agreement + enforceble
Here as per the given situation Andrea hired Jack as the sales representative for her portraits. She suspended the organisation with Jack though, in a month's time.
Harold, a client who had previously worked with Jack, was not informed of the closure. Harold contacted Jack to purchase a painting, and gave him a $5,000 check, the painting advance payment that Jack agreed would be shipped in two weeks.
As Jack later failed to reach Harold, Harold requested that Andrea uphold the deal, as Jack sold the picture as her agent
Andrea is liable to uphold his deal with Harold, as Jack had obvious authority.
Record and analyze installment notes (LO9-2)
[The following information applies to the questions displayed below.]
On January 1, 2021, Stoops Entertainment purchases a building for $420,000, paying $100,000 down and borrowing the remaining $320,000, signing a 7%, 20-year mortgage. Installment payments of $2,480.96 are due at the end of each month, with the first payment due on January 31, 2021. Problem 9-1B Part 1 Required: 1. Record the purchase of the building on January 1, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
Required information Journal entry worksheet Record the purchase of the building. Note: Enter debits before credits. Date General Journal Debit Credit January 01, 2021.
Answer:
January 1, 2021, building purchased
Dr Building 420,000
Cr Cash 100,000
Cr Notes payable 320,000
Explanation:
The building account (asset) must be recorded at the purchase cost. The mortgage is considered a note payable (long term liability), while the cash account (asset) decreases, therefore, it must be credited.
Which of the following is an owner of a fee simple absolute NOT able to do...? Lease the property to another Pledge the property as security of a debt Build beyond the property line of the land Grant an easement
Answer:
Correct Answer:
4. Build beyond the property line of the land
Explanation:
Fee simple absolute is an estate in land, which is a form of freehold ownership. It is a way that real estate and land may be owned in common-law countries. And, also is the highest possible ownership interest that can be held in real property.
Several reasons were provided for why many professional sports teams are struggling to sell the naming rights to their venues. What is the central reason that teams like the Washington Nationals have not yet been able to find a naming rights partner
Answer:
Explanation:
The most likely reason for this situation is that many of the most prominent brands have already entered into naming rights deals and are no longer available as potential prospects. Prominent brands move fast in order to secure the best deals as fast as possible and make profitable financial moves, which in term closes and shrinks the market to very few potential prospects which may not have a reason to enter into a deal with such available teams.
One identical unit is purchased on each of the following three dates and at the respective costs: June 1 at $10 June 2 at $15 July 4 at $20 The company sells two units during the period. Conclude which inventory items are sold first and which unit remains in ending inventory if the company is using the FIFO cost flow assumption.A. The June 1 at 10 is sold; the June 2 at $15 and July 4 at $20 remain in ending inventory.B. The June 1 at 10 and the June 2 at $15 are both sold; the July 4 unit remains in ending inventory.C. The June 2 at $15 and the July 4 at $20 are both sold; the June 1 at $10 remains in ending inventory.
Answer:
B. The June 1 at 10 and the June 2 at $15 are both sold; the July 4 unit remains in ending inventory.
Explanation:
FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold
2 units were sold. the June 1 and June 2 units would be the items sold because they were the first to be purchased according to the dates.
the ending inventory would be the the July 4 unit
The real exchange rate measures the: Group of answer choices number of foreign goods one unit of domestic currency can buy amount of foreign currency one can get for one unit of domestic currency value of foreign currency denominated in domestic prices relationship between foreign and domestic interest rate number of foreign goods required to purchase a single unit of a domestic good
Answer:
number of foreign goods required to purchase a single unit of a domestic good
Explanation:
The real exchange rate is the rate which says that the rate at which the goods and services that are produced in the domestic country would be exchanged with the foreign goods and services
It could find out by applying the following formula
The Real exchange rate is
= Nominal exchange rate × (Foreign price ÷ Domestic price)
Hene, the last option is correct
Which of the following would be an example of direct finance? Group of answer choices A saver deposits money into a credit union. A saver buys a bond a corporation has just issued so it can purchase capital. None of the above is correct. A saver buys shares in a mutual fund.
Answer:
A saver buys a bond a corporation has just issued so it can purchase capital.
Explanation:
Direct finance is the process of financing in which the borrower borrows thd fund directly from the financial institution without involving the third party i.e intermediate, broker, etc
In the question, the option b is correct as it derives that a saver could purchase a bond since the corporation issued it so the capital could be purchased
hence, the second option is correct
Answer:
A saver buys a bond a corporation has just issued so it can purchase capital.
Explanation:
