Suppose you purchase the winning lottery ticket after watching your favorite movie. From this experience, you believe that watching your favorite movie will help you win the lottery again. Which of the following concepts is most relevant?
a. exclusion of a relevant variable
b. scarcity the fallacy of composition
c. opportunity cost
d. post hoc ergo propter hoc fallacy
e. violation of ceteris paribus

Answers

Answer 1

Answer:

D

Explanation:

post hoc ergo propter hoc fallacy is a Latin word which means - after this, therefore because of this.

It is an example of a fallacy where if an event B occurs after an event A. So, people associate the occurrence of event B with A.

In this question, a person believes that because he watched his favourite movie (event A), he won the lottery (event B). He has come to associate watching his favourite movie as a prerequisite with winning the lottery. this is not necessarily true


Related Questions

Complete each statement with the term that correctly defines each platform strategy advantage.

Platform businesses tend to frequently ____________ pipeline businesses.
Platforms scale more efficiently than pipelines by eliminating __________
Platform businesses _________ digital technology can grow much faster

Answers

Answer:

Note See full and organized question in the attached picture below

1. Platform businesses tend to frequently outperform pipeline businesses.

2. Platforms scale more efficiently than pipelines by eliminating gatekeepers.

3. Platform businesses leveraging digital technology can grow much faster.

4. Platforms unlock new sources of value creation and supply.

5. Feedback loops from consumers to the producers allow platforms to fine-tune their offerings and to benefit from big data analytics.

Which type of communication technology is attractive to businesses
because it eliminates travel expenses by allowing simultaneous
communication globally?
O Groupware
Extranets
Intranets
Hotspots
Client-server networks

Answers

It is electronic conferencing

Enterprise mashup technology does not provide a mechanism to easily customize and share knowledge throughout the company.

a. True
b. False

Answers

I think it’s true hope this help
The answer is true. Hope it helped

On April 1, year 1, Hyde Corp., a newly formed company, had the following stock issued and outstanding: 1) Common stock, no par, $1 stated value, 20,000 shares originally issued for $30 per share. 2) Preferred stock, $10 par value, 6,000 shares originally issued for $50 per share. Hyde's April 1, year 1 statement of stockholders' equity should report
Common stock Preferred stock APIC
a) $20,000 $60,000 $820,000
b) $20,000 $300,000 $580,000
c) $600,000 $300,000 $0
d) $600,000 $60,000 $240,000

Answers

Answer:

Common stock Preferred stock APIC

a) $20,000 $60,000 $820,000

Explanation:

Calculation to determine what Hyde's April 1, year 1 statement of stockholders' equity should report

Calculation to determine the COMMON STOCK

Common stock=20,000 shares*$1

Common stock=$20,000

Calculation to determine PREFERRED STOCK

Preferred stock =6,000 shares*$10

Preferred stock =$60,000

Calculation to determine ADDITIONAL PAID-IN CAPITAL (APIC)

APIC=[(6000*$50)-(6000*$10)]+[(20,000*$30)+(20,000*$1)]

APIC=($300,000-$60,000)+($600,000-$20,000)

APIC=$240,000+$580,000

APIC=$820,000

Therefore Hyde's April 1, year 1 statement of stockholders' equity should report:

Common stock Preferred stock APIC

$20,000 $60,000 $820,000

Common stock holders: Group of answer choices have one vote in the election of how the company operates. are last in line to receive income. are guaranteed to get paid when the company fails. receive income before preferred stockholders.

Answers

Answer:

are last in line to receive income.

Explanation:

Common stock holders are referred to as the owners of the company. They own shares that gives them the right to vote in a company's general meeting, receive dividends, and they have the right to get newly issued shares in the company before others.

However they are also called unsecured creditors of the company because when the business makes income they are the last in line to receive dividends if any remains.

Also in the case of bankruptcy preference share holders and other creditors are paid first. Common share holders are paid last.

The allowable increase for a constraint is Group of answer choices how much resource to use to get the optimal solution. the amount by which the resource can increase given shadow price. how many more units of resource to purchase to maximize profits. the amount by which the constraint coefficient can increase without changing the final optimal value.

Answers

Answer: the amount by which the resource can increase given shadow price.

Explanation:

The allowable increase refers to the amount by which the coefficient of the objective function can be increased without bringing about a change in the optimal basis.

The allowable increase for a constraint is the amount by which the resource can increase given shadow price. Therefore, the correct option is B.

Triptych Food Corp. Income Statement For the Year Ending on December 31 (Millions of dollars) Year 2 Year 1 Net Sales 6,350 5,000 Operating costs except depreciation and amortization 1,120 1,040 Depreciation and amortization 318 200 Total Operating Costs 1,438 1,240 Operating Income (or EBIT) 4,912 3,760 Less: Interest 663 489 Earnings before taxes (EBT) 4,249 3,271 Less: Taxes (25%) 1,062 818 Net Income 3,187 2,453 Calculate the profitability ratios of Triptych Food Corp. in the following table. Convert all calculations to a percentage rounded to two decimal places.

Answers

Question Completion:

The following shows Triptych Food Corp.'s income statement for the last two years. The company had assets of $10,575 million in the first year and $16,916 million in the second year. Common equity was equal to $5,625 million in the first year, 100% of earnings were paid out as dividends in the first year, and the firm did not issue new shares in the second year.

Answer:

Triptych Food Corp.

The profitability ratios of Triptych Food Corp.

                                               Year 2        Year 1

Net profit margin                   50.19%       49.06%

Return on total assets           18.84%       23.20%

Return on common equity    36.17%        43.61%

Basic earning power            29.04%       35.56%

Explanation:

a) Data and Calculations:

Income Statement For the Year Ending on December 31 (Millions of dollars)                                     Year 2         Year 1

Net Sales                                $6,350        $5,000

Operating costs except

depreciation and amortization 1,120           1,040

Depreciation and amortization   318             200

Total Operating Costs             1,438           1,240

Operating Income (or EBIT)    4,912           3,760

Less: Interest                            663               489

Earnings before taxes (EBT) 4,249            3,271

Less: Taxes (25%)                  1,062               818

Net Income                           $3,187         $2,453

Total assets                        $16,916        $10,575

Common equity                   $8,812         $5,625

Profitability ratios and formulas:

Net profit margin    = Net Income/Sales * 100

Return on total assets = Net Income/Total assets * 100

Return on common equity  = Net Income/Common Equity * 100

Basic earning power = EBIT/Total assets * 100

                                                      Year 2           Year 1

Net profit margin                            50.19%       49.06%

                            =  ($3,187/$6,350 * 100)  ($2,453/$5,000 * 100)

Return on total assets                    18.84%        23.20%

                            =  ($3,187/$16,916 * 100)  ($2,453/$10,575 * 100)

Return on common equity             36.17%        43.61%

                            =  ($3,187/$8,812 * 100)  ($2,453/$5,625 * 100)

Basic earning power                     29.04%       35.56%

                            =  ($4,912/$16,916 * 100)  ($3,760/$10,575 * 100)

Melanie is the director of human resources for a small manufacturing firm. She has a strong personal interest in technology, and is known throughout the firm as the one with the most knowledge about new kinds of communications technologies. If the firm decides to upgrade its network, Melanie will probably function in what role in the firm's buying center

Answers

Answer:

Influencer

Explanation:

An influencer is a person that has the ability to affect the purchasing decision of customers through their authority, position, relationship, or relationship.

They have good social relations and this is an asset in directing customer buying decision.

In the given scenario Melanie has a strong personal interest in technology, and is known throughout the firm as the one with the most knowledge about new kinds of communications technologies.

This knowledge will be beneficial in the buying centre, where she can be an influencer.

Suppose that the price of a cupcake is $4. At this price, 50 cupcakes will be demanded. If the price rises to $5 per cupcake, consumer surplus will

Answers

Answer: fall by less than $50.

Explanation:

The options are:

• fall by more than $50.

• fall by less than $50.

• rise by less than $50.

• rise by more than $50.

Expert Answer

Consumer surplus, is referred to as the economic measure of the excess benefit that a customer gets. The consumer surplus is the difference between the amount that the customer is willing to pay and the amount that he or she eventually pays.

Based on the question, the total Price paid is: 50 × $4 = $200

Total Revised Price = 50 × $5 = $250

Therefore, there will be a fall by $50 that's ($250 - $200).

Installing an automated production system costing $300,000 is initially expected to save Zia Corporation $52,000 in expenses annually. If the system needs $7,500 in operating and maintenance costs each year and has a salvage value of $30,000 at year 10, what is the IRR of this system

Answers

Answer:

8.87%

Explanation:

Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested

IRR can be calculated with a financial calculator  

Cash flow in year 0 = $-300,000

Cash flow each year from year 1 to 9 = $52,000  - $7,500  = $44500

Cash flow in year 10 =  $44500 + $30,000 = $74500

IRR = 8.87%

To determine the value of IRR using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.  

Debt levels across industries vary widely. Debt ratios in most countries are considerably less than 100 percent. Some firms use no debt. Capital structures are fairly constant across industries. Most corporations have relatively low debt-asset ratios.

Answers

Complete Question:

Which one of the following is not empirically correct?

A. Debt levels across industries vary widely

B. Debt ratios in most countries are considerably less than 100 percent.

C. Some firms use no debt.

D. Capital structures are fairly constant across industries.

E. Most corporations have relatively low debt-asset ratios.

Answer:

The not empirically correct statement is:

D. Capital structures are fairly constant across industries.

Explanation:

Instead, the capital structures across industries vary significantly.  Firms with large asset investments tend to have more leverage than others with less asset investments.  And this situation of having or not having large investments in assets cuts across firms in the same industry.  This suggests that their capital structures will always vary not because of the industry but the choices made by the firm's management.  Capital structures are also influenced by taxes and operating income uncertainties, which also vary within the same industry.

The accounting records of Whispering Winds Corp. show the following data. Beginning inventory 3,010 units at $6 Purchases 8,130 units at $8 Sales 9,090 units at $11. Determine cost of goods sold during the period under a periodic inventory system using the FIFO method, the LIFO method, and the average-cost method.

Answers

Answer:

$66,700

b. LIFO = $70800

67807.81

Explanation:

LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.

(8130 x 8) + [(9090 - 8130) x 6) = 70800

FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold

(3010 x 6) + [(9090 - 3010) x $8] = 66,700

Average cost = [(3010 x 6) + (8130 x 8)] /

18060

48640

b 65040

5760

For years, Luke has had the idea of making his own business. As Luke will realize, he will face three basic economic questions. What are these questions?

a. When, How, For whom
b. Who, when, why
c. What, How, for whom
d. What, When, How

Answers

d is the answerrrrrrr

You are given the following facts about a 40% owner of an S corporation, and you are asked to prepare her ending stock basis.

Owner's beginning stock basis $36,800
Increase in AAA 32,000
Increase in OAA 6,300
Payroll tax penalty 2,140
Tax-exempt interest income 4,800
Life insurance premiums paid (nondeductible) 2,700
Owner's purchases of additional stock 22,000

Answers

Answer:

$74,120

Explanation:

Preparation of her ending stock basis

ENDING STOCK BASIS:

Beginning stock basis $36,800

Add:Increase in AAA $12,800

(.40 * $32,000)

Add:Increase in OAA $2,520

(.40 * $6,300)

Add:Stock purchase $22,000

Total Ending stock basis $74,120

Therefore her ending stock basis is $74,120

Tại sao nói Marketing vừa là khoa học, vừa là nghệ thuật?

Answers

Answer:

Sorry I can't understand.....

Anyina Corporation has an actual profit of $80,000. The break-even point is $500,000 and the variable expenses are 60% of sales. Given this information, the margin of safety, based on actual sales, is:

Answers

Answer:

Margin of safety = $200,000

Explanation:

Given:

Actual profit = $80,000

Break-even point = $500,000

Variable expenses = 60% of sales

Find:

Margin of safety

Computation:

Assume sales = a

So,

Variable expenses = 0.6a

Pv ratio = [(Sales - Variable expenses) / Sales]100

Pv ratio = [(a - 0.6a)/a]100

Pv ratio = 40%

Margin of safety = Profit / Pv ratio

Margin of safety = 80,000 / 40%

Margin of safety = $200,000

The trial balance of Swifty Corporation at the end of its fiscal year, August 31, 2022, includes these accounts: Beginning Inventory $18,650; Purchases $227,110; Sales Revenue $208,200; Freight-In $9,560; Sales Returns and Allowances $3,440; Freight-Out $1,810; and Purchase Returns and Allowances $8,000. The ending inventory is $23,400.
Prepare a cost of goods sold section (periodic system) for the year ending August 31, 2022.

Answers

Answer and Explanation:

The preparation of the cost of goods sold section is presented below;

Beginning inventory $18,650

Purchases $227,110  

Less: Purchase return & allowances ($,8000)    

Add: Freight in $9,560  

Cost of goods available for sale $247,320

Less: Ending inventory  ($23,400)

Cost of goods sold $223,920

In this way it should be prepared

The following statements describe why profits for firms in a perfectly competitive industry tend to vanish in the long run. Select the explanation that most accurately reflects this scenario?
A) Firms try to increase supply to cover their costs if they experience losses, and this leads to zero profits.
B) Firms are unable to generate revenue over time because the demand for products drops.
C) When other perfectly competitive firms see an opportunity to earn profits and enter the market prices drop.
D) When other perfectly competitive firms see an opportunity to earn profits and enter the market, prices rise.

Answers

Answer:

The correct answer is the option C: When other perfectly competitive firms see an opportunity to earn profits and enter the market the prices drop.

Explanation:

To begin with, in the microeconomics theory the perfect competitive market is characterized by the fact that there a lot of companies that sell an homogenous product and that are price takers of the market itself. So therefore that the only big difference in the firms are the costs and the prices that they have. Moreover, in the long run the firms are obtaining great profits so that leads to the enter of another more companies to the market and the supply rises the prices will have to go low so that will implicate as well a decrease in the prices of every company that now works in that industry.

Rolling Coast Inc. issued BBB bonds two years ago. These bonds provided a yield to maturity (YTM) of 11.5 percent. Long-term risk-free government bonds were yielding 8.7 percent at the time. The current risk premium on BBB bonds versus government bonds is half of what it was two years ago. If the risk-free long-term government bonds are currently yielding 7.8 percent, then at what interest rate should Rolling Coast expect to issue new bonds

Answers

Answer: 9.2%

Explanation:

The interest rate that Rolling Coast should expect to issue new bonds will be calculated thus:

Firstly, we will calculate the previous risk premium on BBB bonds which will be:

= 11.5% - 8.7% = 2.8%

Then, the new risk premium on BBB bonds will be:

= Previous risk premium / 2

= 2.8% / 2

= 1.4%

Then, the interest rate that Rolling Coast should expect to issue new bonds will be:

= 7.8% + 1.4%

= 9.2%

What is the meaning of assessment

Answers

Answer:

the meaning of assessment is the evaluation or estimation of the nature, quality, or ability of someone or something. like your being tested on you knowledge of something, so you have a test.

Explanation:

Answer:

the act of judging or deciding the amount, value, quality, or importance of something, or the judgment or decision that is made.the evaluation or estimation of the nature, quality, or ability of someone or something.

In the simple Keynesian model, there are three simplifying assumptions. Among these assumptions is: __________

a. the price level is flexible no foreign sector
b. the price level is constant until
c. the economy reaches its full-employment level
d. the money supply always rises b and c

Answers

Answer: B and C

No foreign sector

The price level is constant until the economy reaches its full-employment level

Explanation:

Keynesian economics refers to the theory that relates to total spending in the economy and how it affects output, Inflation and employment in the economy.

Assumptions of the Keynesian Model include:

• No foreign sector as economy is closed.

• Demand creates its own supply.

• The aggregate price level is fixed. ...

• The price level is constant until the economy reaches its full-employment level

• No retained earnings etc.

XYZ has the following for the January budget: Budgeted sales are $210,000; Cost of goods sold averages 66% of sales; Marketing costs are $3,600; Distribution costs are $5,300; Administrative costs are $10,100. The budgeted nonmanufacturing costs are

Answers

Answer:

Budgeted manufacturing cost= $138,600

Explanation:

Giving the following information:

Budgeted sales are $210,000

Cost of goods sold averages 66% of sales

To calculate the budgeted manufacturing costs, we need to use the following formula:

Budgeted manufacturing cost= sales*COGS ratio

Budgeted manufacturing cost= 210,000*0.66

Budgeted manufacturing cost= $138,600

Mannisto Inc. uses the FIFO inventory cost flow assumption. In a year of rising costs and prices, the firm reported net income of $219,017 and average assets of $1,413,720. If Mannisto had used the LIFO cost flow assumption in the same year, its cost of goods sold would have been $36,220 more than under FIFO, and its average assets would have been $31,640 less than under FIFO.

Required:
Calculate the firm's ROI under each cost flow assumption (FIFO and LIFO).

Answers

Answer:

a) Under the FIFO method:-

ROI = 15.49%.

Under LIFO method:-

ROI = 13.2%

Explanation:

ROI = Net Income * 100 / Avverage assets.

a) Under the FIFO method

[tex]ROI= \frac{219017*100}{1413720} \\ROI = 15.49[/tex]

ROI = 15.49%.

Under LIFO method

[tex]ROI= \frac{182797*100}{1382080} \\ROI=13.2%[/tex]

ROI = 13.2%

Net income Under LIFO= Net income under FIFO-Increased cost of goods sold

= $219017-$36,220= $182797.

Average assets under LIFO= Average assets under FIFO-Average assets that are less under LIFO

= $1413720 - $31,640= $1382080.

If a perfectly competitive firm raises its price, the quantity demanded of its product ____________. a. diminishes temporarily in the short run b. falls to zero c. stays the same d. falls below marginal cost

Answers

Answer:

B. Fall to Zero

Explanation:

In a perfectly competitive market, product cost are all relatively the same. If a firm decides to raise its price on a product it's demanded quantity becomes relatively nonexistent due to the other competitors whos prices have either remained the same or even dropped in price.

g e-Dynamix Technologies, another electronics manufacturing firm, in important factors such as manufacturing capability and adaptability to market conditions. Which of the following terms best describes Futura-Core's abilities in comparison to Core-Dynamix? A. absolute advantage B. collective bargaining C. comparative advantage D. competitive advantage

Answers

Complete Question:

Futura-Core Technologies, an electronics manufacturing firm, has advantages in financial capability and sustainability, but a disadvantage in speed of innovation. It is also at a disadvantage relative to Core-Dynamix Technologies, another electronics manufacturing firm, in important factors such as manufacturing capability and adaptability to market conditions.

Answer:

C. comparative advantage

Explanation:

Comparative advantage in economics is the ability of an individual or country to produce a specific good or service at a lower opportunity cost better than another individual or country.

Generally, comparative advantage gives a country or business firm a stronger sales margin than their competitors because they are able to sell their specific products or render their peculiar services at a lower opportunity cost.

Hence, the term which best describes Futura-Core's abilities in comparison to Core-Dynamix is comparative advantage.

ABC Company's production budget for October is based on 500 units. Standard unit cost for raw materials is $130 per unit ($10 per pound x 13 pounds per unit).

ABC's actual production in October= = 525 units.
The actual cost of materials used = $69,300 ($11 per pound x 12 pounds per unit).

Required:
a. Calculate the raw materials price variance for October. Is it favorable or unfavorable?
b. Calculate the raw materials usage variance for October. Is it favorable or unfavorable?

Answers

Answer and Explanation:

The computation is shown below;

a. Raw material price variance is

= (standard price - actual price) × actual quantity

= ($10 - $11) × ($69,300 ÷ $11)

= ($10 - $11) × 6,300

= $6,300 unfavorable

b. The raw material usage variance is

= (Standard quantity - actual quantity) × standard price

= (525 × 13 - 6,300) × $10

= $5,250 favorable

In this way it should be calculated

Assume that you have a three-year-old daughter and you have come to appreciate the power of saving and investing. Can you open up and put money into a Roth IRA in your child's name so that she can benefit from many years of compounding

Answers

Answer:

No.

You cannot open up and put money into a Roth IRA in your child's name.

Explanation:

The IRS allows that any child, regardless of age, can contribute to an IRA if they have earned income.  This means that only a child that has earned income can have an IRA opened for him or her.  As the child is still underage, the IRA must be set up as a custodial account by the parent or another adult. This implies that the child cannot operate the account during the period she is underage but can have money saved in the account from her earned income.

Warner Company purchases $52,200 of raw materials on account, and it incurs $62,200 of factory labor costs. Supporting records show that (a) the Assembly Department used $31,900 of the raw materials and $44,200 of the factory labor, and (b) the Finishing Department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs. g

Answers

Answer and Explanation:

The journal entry is given below:

Work in process - finishing department $28,800 ($62,200 - $44,200) × 160%

Work in process - assembly department $70,720 ($44,200 × 160%)

    To Manufacturing overhead $99,520

(Being the overhead allocated to assembly and finishing department)

Here the work in process is debited as it increased the assets and the manufacturing overhead is credited as it decreased the expesne

Assume that an investor purchased a put option on BP with an exercise price of $1.900 for $0.0215 per unit. There are 31,250 units in a GBP options contract. At the time of the option expiration date, the spot price for GBP was $1.885. What was the net profit/loss on this option to the investor?
a. $203.125
b. $671.8750
c. $468.75
d. $1,140.625

Answers

Answer:

a. $203.125

Explanation:

Calculation to determine the net profit/loss on this option to the investor

Net profit/loss=((1.900 - 1.885) - 0.0215)(31,250)

Net profit/loss=(0.015-0.0215)*31,250

Net profit/loss=0.0065*31,250

Net profit/loss=$203.125

Therefore the net profit/loss on this option to the investor will be $203.125

When Dianna does not know the outcome of each alternative until she has actually chosen that alternative, she is facing conditions of uncertainty time pressures confirmation bias emotional intelligence escalation of commitment

Answers

Answer:

uncertainty

Explanation:

Uncertainty is the inability of a person to know the outcome of a decision or a line of action.

One does not have a certainty of how things will turn out in a given situation.

In the given instance where Dianna does not know the outcome of each alternative until she has actually chosen that alternative, she is facing a condition where she is not certain of the outcome of any alternative

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