Answer:
The journal entry to record the wages expense for the month is:
Thursday, end of month, wages expense:
Dr Wages expense 640
Cr Wages payable 640
The adjusting entry made on Friday would be:
Friday, first day of the new month, wages expense:
Dr Wages expense 140
Dr Wages payable 640
Cr Cash 800
Within an industry, the existing economies of scale, brand loyalties, and government regulations that impede access to the task environment create
Answer:
The barrier to entry, is the right answer.
Explanation:
The barrier to entry is the correct answer because the mentioned points like economies of scale, government rules, and brand loyalties are the tools that restrict the entry of new firms. For example, if the incumbent firm has already brand value then the new firm will not attract the consumer because consumers will prefer to buy goods from that company. Thus, if consumers will not buy the commodity then it will fail to do the business. Moreover, government regulations like licensing also restrict new firms. A firm can not enter the market without taking a license from the government.
A _______ is a small group of people with complementary skills who are committed to a common purpose, performance goals, and approach for which they hold themselves mutually accountable. Multiple Choice panel team group collaborative unit quality circle
Answer: Team
Explanation:
A team is made up of a small group of people with complementary skills who are committed to a common purpose, performance goals, and approach for which they hold themselves mutually accountable.
It should be noted that each employee in an organization should be ready and willing to be part of a team in the organization in order to achieve the organizational goals.
Kim is the sales representative for a major textbook publisher. When she calls on the business faculty at General University, her first stop is to chat with Frank, the business department secretary. From Frank, Kim learns which professors have left the university or are newly arrived. Frank also helps Kim to make appointments to see professors to discuss textbook choices. Frank acts as the __________ in the business department buying center.
Answer:
Frank acts as the "gatekeeper".
Explanation:
A business secretary seems to be in charge of secretarial or admin duties and rebounds with both regularly and lengthy-term tasks. Individuals forecasts appointments keep documents as well as review files.This is commonly the one who publishes and allocates the minutes throughout consultations and is almost always the channel within which customers and work colleagues have to connect with either the higher-ups.So that the above is the correct choice.
Listed below are selected line items from the Cost of Quality Report for Watson Products for last month.
Category Amount
Rework $725
Equipment maintenance 1,154
Product testing 786
Product repair 695
What is Watson's total prevention and appraisal cost for last month?
Answer:
$1,940
Explanation:
Prevention cots are the costs incurred before the actual production in the design and implementation phase to prevent problems associated with the quality of a product . Examples are the training and the development cost.
Appraisal cost are quality control cost incurred after production but before products are dispatched to the customers , meant to ensure that the products meet up with the required standard to satisfy customers need. Example are the testing and the inspection test.
The total prevention and appraisal cost for last month for Watson are
Prevention cost -
Equipment maintenance - 1,154
Appraisal cost
Product testing - 786
Total 1,940
The Food and Drug Administration (FDA) announced yesterday that they would approve a new cancer-fighting drug from Pharma Company. You observe that the shares of Pharma Company had an abnormal return of 0% yesterday. This suggests that
Answer:
the approval was already anticipated by the market
Explanation:
This abnormal return of 0% suggests that the approval was already anticipated by the market. Meaning that the price of the Pharma company's stock had already been affected by the speculation previously and when the FDA made the announcement investors had already made their move in the market with regards to Pharma's stock. Thus causing no further move and a return of 0% to occur.
Christina, a 29-year-old woman, joined a company in Texas in 2007 and worked there for a year. She got laid off due to recession. She moved back into her parents' home in California as she did not have enough money to cover her expenses. Christina's situation is characteristic of the __________.
Answer: boomerang generation
Explanation: The term boomerang generation is a label used to describe young adults such as in the case of Christina described above who finds themselves sharing or living under the same roof with their parents after having left initially. The cause ranges from the high cost of associated with getting and apartment or other social imbalance such as job loss which is the case with Christina causing these set of individuals who seem to have attained independence and thus set out to live separately, only for them to rush back under their parent's roof.
"An investor has a portfolio of diversified blue chip stocks with a current market value of $350,000. The portfolio has a computed beta factor of 1.8. The customer wants to protect the portfolio from a declining market with the use of OEX contracts. The OEX closed this day at 350. To hedge with "at the money" contracts, the customer should:"
Answer: Buy 18 contracts
Explanation:
Hedging against the risk involved in an investment means the use of market strategies or financial instruments to offset risk.
When there is a drop in the market value, any loss that is incurred on the portfolio will have to be offset by the long puts gain. This implies that 10 put contracts will have to be required for hedging. This is calculated as:
= $350,000/(350 × 100)
= $350,000/35,000
= 10 contracts
Since the portfolio has a computed beta factor of 1.8, we then multiply 10 by 1.8. This will be:
= 10 × 1.8
= 18 contracts.
Veronica offers to sell Rowena her luxury sedan and says that it has never been in an accident. Rowena hires Laszlo, a mechanic, to appraise the vehicle. Laszlo says that it most likely has been in an accident. In spite of this information, Rowena buys the car. Later, when it develops mechanical problems, she can
Answer:
not rescind the contract
Explanation:
According to the given situation, Veronica offers to Rowena to purchase his luxurious sedan by saying that it has been into an accident. After that Rowena hires Laszlo who is a mechanic to repair the sedan. Here Laszlo told Rowena that this sedan is mostly into an accident, after knowing these details Rowena is decided to purchase a car. After some time, Rowena faces a mechanical problem, here she can not break the contract as she already knew that car is have been into an accident mostly.
Therefore, the right answer is she cannot rescind the contract.
InSeason Inc. started a chain of organic supermarkets that had initial success. The managers achieved a mastery of the firm's current environment, thereby filling a need in the market. However, InSeason defined and measured it success by financial metrics, with a focus on short-term performance. As a result, the firm put in place metrics and systems to accommodate and manage increasing firm size due to continued success. As a result of this tightly coupled system, InSeason developed a
Answer: resistance to change
Explanation:
From the question, we are informed that InSeason Inc. started a chain of organic supermarkets that had initial success and that the managers achieved a mastery of the firm's current environment, thereby filling a need in the market.
We are further told that InSeason defined and measured it success by financial metrics, with a focus on short-term performance and that as a result, the firm put in place metrics and systems to accommodate and manage increasing firm size due to continued success.
As a result of this tightly coupled system, InSeason developed a resistance to change. Resistance to change could be as a result of fear of failure by the company.
Pat promises to install granite countertops in the home at 123 Main Street that Bruce is purchasing "provided that the escrow on the sale of 123 Main Street closes." The close of escrow on the sale of 123 Main Street is a condition precedent to Pat's promise.a) trueb) false
Answer: True
Explanation:
From the question, we are informed that Pat promises to install granite countertops in the home at 123 Main Street that Bruce is buying provided that the escrow on the sale of 123 Main Street closes.
The close of escrow on the sale of 123 Main Street is a condition precedent to Pat's promise is true. This is because Pat will only fulfil her promise given that there is a close of escrow on the sale of 123 Main Street.
Thomas had conducted a thorough pretest before the new ad campaign,so he was fairly sure the elements would work together.A lot was riding on the success of the ad campaign,so he couldn't wait until the campaign was over to see how well it did.During the campaign,he will be monitoring the sales volumes on a daily basis as part of his:_________.
A) cause-related marketing.
B) pulsing.
C) tracking.
D) flighting.
E) lifting.
Answer:
C) tracking.
Explanation:
Since in the question, it is mentioned that Thomas has conducted a thorough pretest i.e prior to new ad campaign in order to work the elements together
Also he is monitoring the sales volume on a daily basis as it is part of his tracking which tracks the performance of the work so that he get to know how much work is completed and how much work is pending.
Janine buys swimwear for a chain of apparel stores. At a recent trade show, she took the opportunity to meet with a few vendors. During a meeting with the vendor that she normally purchased from each season, he proposed a weekend in the Cayman Islands to view the swimwear that European tourists were wearing. Janine knows that it would be beneficial to see what European tourists are wearing and then translate what she is seeing into her assortment for her target customers. Before continuing her discussions with the vendor, what should she do
Answer:
B. inform her divisional merchandiser manager of the proposal
Explanation:
Since in the question it is mentioned that the Janine buys from each season also she knows that this thing would become benefiical what European tourists are wearing and applying this in an assortment for the customers that are targeted
So before discussion with the vendor first she reports the divisional merchandiser manager regarding this proposal
Monty Boyd, an account manager, travels frequently on West Coast Airlines. Monty earns points for every mile he flies, and he will soon have enough points to receive a free airline ticket. West Coast Airlines is attempting to build a strong customer relationship with Monty through a ________.
Answer:
frequency marketing program
Explanation:
A frequency marketing program is a strategy that companies use to increase loyalty, maintain their customers in the long term and get them to keep buying the products or services by generating connections giving them information that is adjusted to their specific needs. According to this, the answer is that West Coast Airlines is attempting to build a strong customer relationship with Monty through a frequency marketing program because this program tries to generate a long term relationship with the customers so they keep using the service as in this case where the customer gets points by using the service that can be exhanged for rewards.
Suppose there are 1000 firms in a market and all are identical. Firm A will hire 20 workers when the wage rate is $10, 25 workers when the wage rate is $9, and 30 workers when the wage rate is $8. The equilibrium wage rate for a number of years has been $9. If the wage rate falls to $8, we know that
Answer:
d. the quantity demanded for the market will increase to less than 30,000 workers.
Explanation:
Missing options:
a. the quantity demanded for the market will increase to 30,000 workers. b. the quantity demanded for the market will increase to more than 30,000 workers. c. the quantity demanded for the market will increase, but we can't tell which of the above answers is correct. d. the quantity demanded for the market will increase to less than 30,000 workers.maximum total demand for labor = 30 (at $8) x 1,000 firms = 30,000 workers, but since the equilibrium rate had been $9 for many years, some workers have already been hired at $9, and it is usually very difficult to lower someone's wage once they have been working. Even thought the quantity demanded will increase, it will probably not be able to reach 30,000 workers.
The value obtained when a buyer pays cash or its equivalent, the buyer and seller are unrelated, the buyer and seller are informed consumers, and the property has been on the market for a reasonable amount of time is called:
Answer:
Appraisal
Explanation:
Appraisal in real estate is the sales value of an asset derived towards potential sales in an arm length transaction. This involves a unique appraising process pertaining to the affected property considering the fact that different homes are not of the same features and properties , and moreover , sales of home does not occur regularly as in the common market.
The appraising process involved in forming an appraisal value are
Buyer pays cash or its equivalentBuyer and seller are not relatedBuyer and seller are informed consumerProperty has been on the market for a reasonable timeAnswer:
Market value
Explanation:
Crystal Ship Knitwear, Inc., is expanding its offerings from handmade winter hats, scarves, and gloves to include clothing such as sweaters and knit outerwear. At the same time, it wants to open two retail stores and not rely entirely on online sales. To staff the new manufacturing facilities and brick-and-mortar stores properly, the company should conduct a(n) Group of answer choices
Answer: demand forecast
Explanation:
Demand forecast simply means predicting the demand for a particular good or service in order to determine supply and also make other necessary management decisions.
Based on the information that were provided in the question, to staff the new manufacturing facilities and brick-and-mortar stores properly, the company should conduct a demand forecast.
Organic Produce, Inc. has shares of common stock outstanding and shares of preferred stock outstanding. The common stock is par value; the preferred stock is % noncumulative with a par value. On October 15, 2019, the company declares a total dividend payment of . How much dividend will be paid to the preferred stockholders?
Answer:
Some information is missing, so I looked it up.
total common stocks outstanding = 49,000par value = $0.08 per stocktotal preferred stock = 4,000preferred stock par value = $100preferred dividends = 9%total dividends = $45,000preferred stockholders will receive 4,000 x $100 x 9% = $36,000 in dividends, which means that they will receive $9 per preferred stock
common stockholders will receive $9,000 / 49,000 = $0.1837 per common stock
Trainees in the photography department of Atafiger, a daily newspaper, who receive above average performance ratings are eligible to apply for the position of corporate photographer in the company. In the context of human resource (HR) planning, this scenario best illustrates _____.
Answer:
Internal recruitment.
Explanation:
In this scenario, trainees in the photography department of Atafiger, a daily newspaper, who receive above average performance ratings are eligible to apply for the position of corporate photographer in the company. In the context of human resource (HR) planning, this scenario best illustrates internal recruitment.
When the number of units in work in process and finished goods inventories decrease, absorption costing net operating income will typically be greater than variable costing net operating income.
a. True
b. False
Answer:
b. False
Explanation:
The difference between absorption costing net operating income and variable costing net operating income lies in the fixed costs deferred in closing inventory.
If Production is greater than Sales - Increase in Finished Goods Inventory, Absorption costing net operating income will typically be greater than Variable costing net operating income.
However, If Production is less than Sales - Decrease in Finished Goods Inventory, Absorption costing net operating income will typically be less than Variable costing net operating income.
In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1 Blossom Company enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $22,500 and sales taxes $1,125. 2. Oriole Company does not segregate sales and sales taxes. Its register total for April 15 is $14,310, which includes a 6% sales tax.
Prepare the entry to record the sales transactions and related taxes for Blossom Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Answer and Explanation:
The Journal entry is shown below:-
a. Cash Dr, $23,625
To Sales Revenue $22,500
To Sales Tax payable $1,125
(Being cash is recorded)
Here we debited the cash as it increased the assets and we credited the sales revenue and sales tax payable as it increased the revenue and liabilities
b. Cash Dr, $14,310
To Sales Revenue $13,500
To Sales Tax payable $810 ($14,310 ÷ 106 × 6)
(Being cash is recorded)
Here we debited the cash as it increased the assets and we credited the sales revenue and sales tax payable as it increased the revenue and liabilities
The following information is available for Armstrong Company: Net income $450 Increase in plant and equip. $170 Depreciation expense 80 Payment of dividends 10 Decrease in accts. receiv. 20 Increase in long-term debt 100 Increase in inventories 15 Decrease in accounts payable 30 What is cash flow from operating activities for Armstrong Company?
Answer:
$505
Explanation:
Armstrong Company
Cash flow from operating activities
Adjustments to reconcile net income to operating cash flow.
Net income
$450
Less : Increase in plant and equipment
($170)
Add : Depreciation expenses
$80
Add : Payment of dividends
$10
Add : Decrease in accounts receivable
$20
Add : Increase in long term debt
$100
Less : Increase in Inventories
($15)
Add : Decrease in Account payable $30
Net Cash flow from operating activities
$505
As defined in the Uniform Securities Act, an investment adviser is all of the following except:_______. 1. a broker-dealer who charges for investment advice 2. a publisher of a financial newspaper 3. a person who sells security analysis 4. a CPA who, as an incidental part of his practice, suggests certain tax-sheltered investments to his affluent clients
Answer:
A publisher of financial newspaper
A CPA who as an incidental part of his practice , suggests certain tax sheltered investment to his affluent client
Explanation:
An investment adviser is a firm that is registered for the business of making investment recommendations or conduct securities analysis by managing clients assets and advising on potential investment in securities.
A publisher of financial newspaper and a CPA who as an incidental part of his practice , suggests certain tax sheltered investment to clients are not qualified as investment advisers under the uniform securities act.
At Groovy Rags, a trendy retail store, manager Eon Forcer doesn't waste any time thinking about whether the employees on his shift get their breaks at a reasonable time. In fact, he claims he is hard pressed to determine which one has "worked hard enough" to even deserve a break. Earlier today, Eon remarked, "I've never met one that likes this job! They're only biding their time and here for the money." Eon's managerial style would be classified as _______.
Answer:
Theory X.
Explanation:
In this scenario, Groovy Rags, a trendy retail store, manager Eon Forcer doesn't waste any time thinking about whether the employees on his shift get their breaks at a reasonable time. In fact, he claims he is hard pressed to determine which one has "worked hard enough" to even deserve a break. Earlier today, Eon remarked, "I've never met one that likes this job! They're only biding their time and here for the money." Eon's managerial style would be classified as Theory X.
Douglas McGregor developed the theory x and y in the 1950s while working at the MIT Sloan school of management.
Theory X suggests that employees working in a particular organization dislike work, possess minimal ambition, and are generally not willing to take up responsibility.
Hence, with the Theory X it is very important and essential that these employees be supervised and rewarded externally with prizes and punishment should be used when they err.
The market demand curve Group of answer choices is found by vertically adding the individual demand curves. slopes upward. represents the sum of the prices that all the buyers are willing to pay for a given quantity of the good. represents the sum of the quantities demanded by all the buyers at each price of the good.
Answer:
represents the sum of the quantities demanded by all the buyers at each price of the good.
Explanation:
The market demand curve is the total of all the individual demand curves in the market as mentioned. It depicts the quantity demanded with respect to the different prices
And in this the quantity demanded and the price of a product has an inverse relationship between each other
Therefore the last option is correct
A(n) ________ indicates the decision variables set by the buyer, such as product availability, the backup stock needed to provide the product availability, and the order points and quantities.
Answer:
Inventory Management Report
Explanation:
Inventory management is the most essential part of every organization where an organization manages its raw material, check their availability of a product, back storage so that company doesn't get a shortage of its product and the quantities. On the other hand inventory management report indicates the strong decision variables are set by the buyers.
Therefore from the above explanation, the correct answer is an inventory management report.
To market Suave shampoo, Unilever used PRIZM to identify neighborhoods with high concentrations of young working women. These women responded best to advertisements conveying the message that Suave is inexpensive, yet will make their hair "look like they spend a fortune on it." What segmentation tool did Unilever use in this example
Answer: Geodemography
Explanation:
Geodemography is used in market and it occurs when the marketplace of the consumers are divided into segments
thar will be reachable and locatable to the consumers who live around that particular neighborhood.
Based on the analysis explained in the question above, this is the segmentation tool that was utilized by Unilever.
Burton Pharmaceuticals is a fast-growing drug company based in Dallas. Top executives at Burton realize that human capital plays an essential role in the continued success of the firm, and they want HR to participate in strategic planning. Which of the following, if true, best supports the argument that HR should be more involved in strategic planning at Burton?A) Burton plans to acquire another drug company within the next six months.
B) Burton recently settled a lawsuit related to charges of unfair hiring practices.
C) Burton primarily hires sales representatives who have medical backgrounds.
D) Burton experienced a small profit loss last quarter due to increased competition.
Answer:
Option B
Explanation:
In simple words, Human resources refers to the set of individuals who make up the working population of an organisation, a business community, an industry or perhaps a financial system. Human resources, the knowledge that physical interaction, is a smaller concept.
Thus if there has been a lawsuit regarding a hiring process then it is optimal to include HR division of the enterprise into the mainstream operations of the company.
On June 2, Year 1, Tory, Inc. issued $500,000 of 10%, 15-year bonds at 98.8. Interest is payable semiannually on June 1 and December 1. Discount at issuance was $6,000. Tory uses the straight-line method to amortize the discount, which does not differ materially from GAAP in this instance. On June 2, Year 5, Tory retired half of the bonds at 98. What is the net amount that Tory should use in calculating the gain or loss on retirement of debt
Answer:
$247,800
Explanation:
Discount on bonds payable = $6,000
The discount on bonds payable should be amortized during the 30 coupon payments = $6,000 / 30 = $200
Only 4 years have passed until the partial redemption of the bonds, $200 x 8 = $1,600 of the discount on bonds payable had been amortized. The carrying value of the bonds = $500,000 - ($6,000 - $1,600) = $495,600
Since 50% of the bonds are being retired, the net amount used to calculate the retirement = $495,600 / 2 = $247,800
Answer the following question based on the accompanying cost ratios for two products, fish (F) and chicken (C), in the countries of Singsong and Harmony. You may assume that production occurs under conditions of constant costs and that these are the only two nations in the world. Cost ratios: Singsong: 1 F = 2 C: Harmony: 1 F = 4 C. If these two nations specialize based on comparative advantage:
A) Singsong will produce both chicken and fish.
B) Harmony will produce both chicken and fish.
C) Harmony will produce chicken and Singsong will produce fish.
D) Singsong will produce chicken and Harmony will produce fish.
E) Both a. and b. above.
Answer:
The correct answer is the option C: Harmony will produce chicken and Singsong will produce fish.
Explanation:
To begin with, the term known as "Comparative Advantage" refers to the situation in where a country or an economic agent will produce more of a good and consume more of it when the fact of producing it will show that the agent has a relatively low cost of opportunity and also because that agent can produce that good at a very low cost in comparison with the other agent.
Once said that, it is understood that Harmony will produce chicken because the country can produce three of it when in comparison with Singsong who can produce only two. And both can produce one of fish so that means that Harmony will produce the good at which it is better and the other the one in that is left.
Ethics are Multiple Choice standards of right and wrong that influence behavior. a type of norm. always synergy driven. company policies that are prominently posted on office bulletin boards. rules that result in happier employees.
Answer: standards of right and wrong that influence behavior
Explanation:
Ethics are the moral principles that help in governing the behavior of a person. Ethics help in defining concepts like virtue and vice, right and wrong, good and evil, justice and crime etc.
Ethics are standards of right and wrong that influence behavior. In every society, ethics play a vital role.
