Answer: Same as
Explanation:
From the information given in the question, the asset turnover of Tech Track will be calculated thus;
Firstly, Average Assets will be:
= (beginning Assets + ending Assets)/2
= ($400000 + $600000)/2
= $1,000,000/2
= $500,000
Then, the assets turnover ratio will be:
= Sales / average Assets
= $1,000,000 / 500,000
= 2 times
Therefore, Tech Track's asset turnover is same as the industry average of 2.0 times.
Reggie owns 3 acres of beautiful wooded land. When Reggie decides to move to be closer to his grandchildren, he donates the land to the state with the understanding that the land will be used as a state park. This state park is large enough that it is not congested. It is an example of a good that is a. nonrival in consumption and excludable. b. both rival in consumption and excludable. c. rival in consumption and nonexcludable. d. neither rival in consumption nor excludable.
Answer:
a. nonrival in consumption and excludable.
Explanation:
Since in the given situation it is mentioned that he donated the land to the state so that the land can be used for the state park so here it should represent an example of non-rivalry that means there is no competition with respect to the consumption and the same should not be incuded
Therefore the option a is correct
Elizabeth and Niko are very organized and do an excellent job organizing their personal financial records. How will this BEST help them when they file their taxes?
Answer:
They will get faster responses.
Nivea works for Bonbon, a fair-trade chocolate company based in California. In addition to being recognized for the delicious, low fat treats the company manufactures, Bonbon is also known for fair labor practices at its factories. When interviewed, 83% of the company's loyal customers said when they couldn't find Bonbon products for purchase in local stores, they ordered them online rather than buy substitute products.
Which type of brand loyalty is illustrated here?
Select one:
a. brand preference
b. brand competition
c. brand insistence
d. brand recognition
e. brand name
Answer:
c. brand insistence
Explanation:
Since in the given situation it is mentioned that the 83% of the loyal customers could not find the bonbon products at local stores so they will ordered online instead of purchasing the substitute goods as in the brand insistence refer the stage of the brand loyalty where the purchase would accept no alternatives and they will search for the particular brand only
In his backyard, a homeowner unwittingly built a garage that encroached two feet across the property line onto property owned by his neighbor. The next year, the homeowner discovered his error in the course of selling his property to a buyer. After the sale, the neighbor learned of the encroachment of the garage onto her property and sued the homeowner for damages and trespass. In this action, will the neighbor prevail
Answer: C) Yes, because the homeowner knew where the garage was located when he built it, even though he did not know where the property line was.
Explanation:
Encroachment refers to a scenario where a property owner builds a structure on the land of their neighbor. If a structure on the property of this owner also extends into the property of the neighbor, this is also considered encroachment.
Encroachment can either be intentional or unintentional but either of them can result in the offender being penalized. In the case of an unintentional encroachment such as this scenario, the property owner would still get panelized for knowing about the location of the structure and how it could have been encroaching even if they did not know that it was in fact, encroaching.
Name any FIVE causes of stress in the workplace
Answer:
1. long hours
2. tight deadlines
3. heavy workload
4. changes to duties
5. job insecurity
Explain five steps in product design for a business
Explanation:
Five phases guide the new product development process for small businesses: idea generation, screening, concept development, product development and, finally, commercialization.
Brandon bought 100 shares of stock for $15.00 per share on 70% margin. Assume Brandon holds the stock for one year and that his interest costs will be $45 over the holding period. Gerry also received dividends amounting to $0.30 per share. Ignoring commissions, what is his percentage return on invested capital if he sells the stock for $34 a share
Answer:
179.52%
Explanation:
The computation of the percentage return is shown below:
Amount invested is
= 15 × 100 × 70%
= $1,050
Now
Total return is
= (100 × $0.3) + 100 × ($34 - $15) - $45
= $1,885
Return on invested capital is
= $1,885 ÷ $1,050
= 179.52%
Why are most cars manufactured in China?
Answer:
China remains the world’s largest automotive manufacturing country and automotive market since 2009. Annual vehicle production in China accounted for over 30 percent of worldwide vehicle production, which exceeds that of the European Union or that of the United States and Japan combined.
Explanation:
I found this on a website called statista.com I couldnt find why i am sorry
All of the following are reasons for countries to participate in foreign trade except: Multiple Choice it is just as easy to start a business overseas as it is in the U.S. some nations have resources, but not technological know-how; while others have know-how, but lack resources. even if a country were self-sufficient, other nations would seek to trade with that country in order to meet the needs of its own people. no nation can produce all of the products its people want and ne
Answer:
it is just as easy to start a business overseas as it is in the U.S.
Explanation:
Foreign trade is the exchange of goods and services across international borders.
For example, if a car is bought from china and brought into the US, foreign trade has occurred.
Foreign trade has two components :
import exportexport would comprise of goods and services produced in the US that are been sold to foreign countries
Import would comprise of foreign produced goods and services that are been sold in the US
Reasons for participating in foreign trade
According to economic theory, a country should specialise in the production of good for which it has a comparative advantage and import goods for which it does not have a comparative advantage in its production . A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.Some countries do not have the resources needed to produce all the goods needed e.g. some countries do not have crude oil and would have to import from oil producing countriesFor most countries, it is impractical to produce all the goods they need.g turing facilities in Asia. Emerson needs to build a new manufacturing facility to produce automotive parts for cars manufactured in Detroit. Emerson executives are considering whether to build the new facility in China or in the United States. Which of the following, if true, undermines the argument to build a new Emerson facility in China? A. Fuel costs in China have risen sharply and are not expected to drop. B. China has committed over $500 billion to infrastructure projects. C. U.S. firms continue outsourcing service jobs despite the economy. D. China is the world's largest exporter of manufactured goods.
Answer: A. Fuel costs in China have risen sharply and are not expected to drop.
Explanation:
The main reason that companies would want to invest in another country and set up factories there for production, is usually because of the cost savings that it would enjoy doing so.
China offers a lot of cost savings to manufacturers such as with labor and material but if it is found that fuel costs have risen sharply and will not drop anytime soon, production in China will become more expensive and might dissuade companies like Emerson from setting up shop there.
Frictional unemployment is inevitable because: Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices many wages are above the equilibrium wage for that market. the expansion phase of the business cycle leads to increases in unemployment. the recession phase of the business cycle leads to increases in unemployment. new workers are constantly entering the job market, and jobs are constantly created and destroyed.
Answer:
a
Explanation:
quizlet
Brothers Tim and Jim Shanton have asked you, their financial advisor, to settle a friendly quarrel between them. Tim argues that a Roth IRA and a traditional IRA are actuarially equivalent if $4,000 is available for investing on a before-tax basis, contributions to the traditional IRA are deductible, tax rates are expected to stay the same, and both have the same interest rates. So, it makes no difference which vehicle one uses to save for retirement. Jim insists that a Roth IRA is the better investment. You tell them
a. Tim is wrong; the tax deduction available for a traditional IRA allows more money to work for the contributor
b. Jim is wrong; at least for some low income individuals, the traditional IRA is a better investment because of their relatively lower tax rates
c. Tim is right; the two investments are equivalent in every respect when considered at the end of an investment horizon at least 10 years long
d. Jim is right; the ability to make tax-free withdrawals from Roth IRA gives a greater return even when contributions and interest rates are equivalent over time
e. both are right; the two investments are actuarially equivalent, but absence of a minimum distribution date and more liberal penalty-free withdrawal options may make the Roth IRA more attractive
Answer: E. both are right; the two investments are actuarially equivalent, but absence of a minimum distribution date and more liberal penalty-free withdrawal options may make the Roth IRA more attractive.
Explanation:
First and foremost, actuarially equivalent simply means a benefit that is of equivalent value, but which has a different payment form to a specified benefit.
From the information that's given in the question, we can deduce that both of them are right as the two investments are actuarially equivalent, but there's an absence of a minimum distribution date and more liberal penalty-free withdrawal options may make the Roth IRA more attractive.
Therefore, the correct option is E.
An automotive company has three divisions. One division manufactures new replacements parts for automobiles, another rebuilds engines, and the third does repair and overhaul work on a line of trucks. All three divisions use the services of a central payroll department. The best method of allocating the cost of the payroll department to the various operating divisions is Select one: a. total labor hours incurred in the divisions b. machine hours used in the divisions c. value of production in the divisions d. direct labor costs incurred in the divisions
Answer: a. total labor hours incurred in the divisions
Explanation:
The best way to allocate payroll costs would be to apportion it by hour. The labor in the various departments should work by the hour and then the total amount of hours worked in the division will then be used as the base for payroll because it would show how much people in that division worked and how much they need to be compensated for doing so.
For instance, assume the total payroll cost is $1,000,000 and Division A worked 2,000 hours, Division B worked 4,000 hours and Division C worked 4,000 hours. The payroll would be apportioned as follows:
Division A = 2,000 / (2,000 + 4,000 + 4,000) * 1,000,000 = $200,000
Division B = 4,000 / (2,000 + 4,000 + 4,000) * 1,000,000 = $400,000
Division A = 4,000 / (2,000 + 4,000 + 4,000) * 1,000,000 = $400,000
The systems viewpoint sees organizations as entities made up of four interrelated parts known as Group of answer choices inputs, outputs, transformation processes, and feedback. planning, design, inputs, monitoring, outputs, and follow-up feedback. vision, planning, design, production, monitoring, and follow-up feedback. planning, inputs, monitoring, outputs, and feedback. planning, design, monitoring, production, and feedback.
Answer:
inputs, outputs, transformation processes, and feedback.
Explanation:
The viewpoint of the system that could see the organziation as the entities as they should be made of the input as the raw material, output as the finished product, transformation process as when the raw material is converted into the finished product and the feedback as the client feedback related to the product and service
So as per the given situation the above should be the answer
outline any 5 disadvantages of Eskom as a monopoly
Answer:
Eskom is the electricity provider of South Africa and is a monopoly because it is the only company allowed to provide power.
The disadvantages of Eskom being a monopoly are:
1. Higher prices for Customers
Because Eskom is a monopoly and does not compete with other utility companies, it can charge higher prices as there is no alternative.
2. Less Productive efficiency.
There is no competition so Eskom does not see the need to become more efficient and produce electricity better because they don't have to compete with anyone to improve their efficiency so that customers are not taken from them.
3. Less willingness to cut costs
Eskom might have high costs which makes it expensive to run but they won't bother cutting these costs because as the only provider, there is no need to cut costs to improve profitability if you can just increase prices instead.
4. Less incentive to invest in new technology
Again there is no need to compete so Eskom will not see much of a need to invest in technology which would give it an edge over competitors because there simply aren't any competitors.
5. Consumers have less choice.
Eskom is the only producer so South Africans can't simply switch to another provider. They have no choice but to accept Eskom.
Current assets include a.cash and assets that will be converted into cash or consumed within either one year or the normal operating cycle of the business, whichever is longer. b.plant assets. c.assets that are expected to serve the business for many years. d.cash and assets that will be converted into cash or consumed within either one year or the normal operating cycle of the business, whichever is shorter.
Answer:
d.cash and assets that will be converted into cash or consumed within either one year or the normal operating cycle of the business, whichever is shorter.
Explanation:
An interest-free period during which a credit card owner can pay off a balance
without having to pay finance charges is called a
A. grace period
B. minimum monthly payment
o
C. billing cycle
a
D. finance charge
Suppose the dollar amount of the externality, per gallon of gasoline, is constant, regardless of how much gasoline is produced. Then the externality could be internalized if producers of gasoline were
a. required to pay a tax of $0.45 per gallon of gasoline sold.
b. provided a subsidy of $0.45 per gallon of gasoline sold.
c. required to pay a tax of $0.30 per gallon of gasoline sold.
d. provided a subsidy of $0.30 per gallon of gasoline sold.
Answer:
a. required to pay a tax of $0.45 per gallon of gasoline sold.
Explanation:
The marginal external cost shows the difference between the private cost and the social cost. Also it should be the tax imposed amount. In the given case, the value is of $0.45 this represent that there is the tax of $0.45 that should be imposed on the producers in order to internalize the external cost
Therefore, the option a is correct
Gray uses Hofstede's cultural values that were discussed in Chapter 1 to:
a Set forth accounting values that can be used to define a country's cultural foundation with respect to financial reporting
b Set forth corporate governance provisions that define an ethical organization culture
c Define what is meant by the public interest in accounting
d Define what is meant by internal controls over financial reporting in a cultural context
Answer:
a. Set forth accounting values that can be used to define a country's cultural foundation with respect to financial reporting.
Explanation:
Gray Hofstede's presented six dimensions of cultural values. Power distance index, Individualism vs collectivism, Masculinity vs Femininity, Uncertainty Avoidance Index, Long term vs short term orientation, Indulgence vs Restraint. He used footing for comparing state based accounting values. He set accounting values to define a country's cultural foundation with respect to financial reporting.
Select all that apply The three-step analysis to determine cash provided or used by investing activities includes: Multiple select question. identifying changes in investing-related accounts reporting the cash flow effects explaining the changes using T-accounts and reconstructed entries identifying changes in cash accounts
Answer:
identifying changes in investing-related accounts
reporting the cash flow effects
explaining the changes using T-accounts and reconstructed entries
Explanation:
In analysing cash flows in a business there are 3 types of cash flow: from operating activities, from investing activities, and from financing activities.
Cash flow from investing activities involves cash used for various investments over a particular period.
This can include purchase of property, equipment, acquisition of other businesses, and investment in marketable securities.
The three-step analysis to determine cash for investing activities includes:
- monitoring changes that occurs in investment related accounts
- reporting of cash flow as it relates to investment
- use of T accounts and reconstructed entries to explain changes in cash flow
Honest Tea's mission statement is "Honest Tea seeks to create and promote great-tasting, organic beverages. We strive to grow our business with the same honesty and integrity we use to craft our products, with sustainability and great taste for all." Additionally, the company uses only natural ingredients and promotes and practices fair trade with its suppliers. All of these combined suggests that Honest Tea is involved in which of the following sustainable marketing principles?
a Societal marketing
b Sense-of-mission marketing
c Customer-value marketing
d Consumer-oriented marketing
e Innovative marketing
Answer:
b Sense-of-mission marketing
Explanation:
This is the sustainable marketing principle that holds an organization also it defines the mission in social terms at broad level instead of the narrow terms of the product
Since in the question it is mentioned that the company used the natural ingredients and promotes the fair trades with the suppliers. So here it is the sense of mission marketing principle
Hence, the option b is correct
Adrianne is a package delivery service manager. She is interested in implementing ________, the management philosophy pioneered by Frederick W. Taylor and Frank and Lillian Gilbreth, which scientifically studies work methods to improve the productivity of individual workers. In this particular case, Adrianne will study the routes that drivers take through a congested to city in order to identify ways that delivery staff can make the most deliveries in each two-hour period. Group of answer choices quantitative management contingency management management science human relations management scientific management
Answer:
scientific management
Explanation:
Scientific management represent the management theory in which the analysis is done with respect to the workflow. Its main purpose to improve out the economic efficiency and the labor productivity.
So as per the given situation since adrianne will have to study the routes so that the delivery staff could able to make the most deliveries in two -hour period due to which the productivity could be increased
Mark each true statement about the Articles of Confederation with a cross.
The Articles of Confederation established a weak central government for the United States.
Under the Articles of Confederation, the states had more power than the national government.
The Articles of Confederation established a strong central government divided into three branches.
The Articles of Confederation produced many contentions among the 13 states of the USA.
Under the Articles of Confederation, the states and the federal government shared power equally.
Under the Articles of Confederation, the American government ran smoothly and there was little conflict between the states and the federal government.
Under the Articles of Confederation, the national government did not receive the power to levy (impose taxes) on citizens.
Answer:
The answer is below
Explanation:
Considering the available options, the true statement about the Articles of Confederation are the following:
1. The Articles of Confederation established a weak central government for the United States.
2. Under the Articles of Confederation, the states had more power than the national government.
3. Under the Articles of Confederation, the national government did not receive the power to levy (impose taxes) on citizens.
The Brown family's dinner bill was 75 89 and they lert 1000 as a tip. What percent was the tip?
ON
138
Answer:
Percentage of tip = 13.18% (Approx.)
Explanation:
Given:
Total amount of dinner bill = 7,589
Amount of tip = 1,000
Find:
Percentage of tip
Computation:
Percentage of tip = [Amount of tip / Total amount of dinner bill]100
Percentage of tip = [1,000 / 7,589]100
Percentage of tip = [1,000 / 7,589]100
Percentage of tip = [0.131769]100
Percentage of tip = 13.1769
Percentage of tip = 13.18% (Approx.)
Which of the following formulas determines the budgeted units to be produced? Expected Units to Be Sold – Desired Units in Ending Inventory + Estimated Units in Beginning Inventory Expected Units to Be Sold – Desired Units in Ending Inventory – Estimated Units in Beginning Inventory Expected Units to Be Sold + Desired Units in Ending Inventory + Estimated Units in Beginning Inventory Expected Units to Be Sold + Desired Units in Ending Inventory – Estimated Units in Beginning Inventory
Answer: Expected Units to Be Sold + Desired Units in Ending Inventory – Estimated Units in Beginning Inventory
Explanation:
To find out the units that should be produced, one should find out the number of units that they would want to sell. They should then add this to the number of units they would prefer to have as ending units that way after they sell the goods they want, they will still have the desired amount in inventory.
Seeing as there might be some goods in inventory called beginning inventory already, this should then be deducted from the above to see the number of units that should be produced in excess of these goods that are already in stock.
Sally has a pizza restaurant and sells 30 pizzas for $5 each. Jim has a pizza restaurant around the corner from Sally, and he sells 30 pizzas for $5 each. If Sally and Jim both lower their price to $3, Sally’s customers will buy 60 pizzas, and Jim’s customers will buy 40 pizzas. The demand for Sally’s pizzas is more __________ than the demand for Jim’s pizzas.
Answer:
ELASTIC
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
Sally
percentage change in quantity demanded : (60/30) - 1 = 1
percentage change in price : (3/5) - 1 = -0.4
Price elasticity = 1 / -0.4 = 2.5
Jim
percentage change in quantity demanded : (40/30) - 1 = 0.33
percentage change in price : (3/5) - 1 = -0.4
Price elasticity = 0.33 / -0.4 = 0.83
Sally's demand is elastic while Jims' is inelastic
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.
Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases
Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.
Correctly identify steps 3 and 4 of the accounting process: multiple choice Step 3: post entries into the ledger; Step 4: identify transactions and source documents. Step 3: record transactions into the journal; Step 4: post entries into the ledger. Step 3: analyze transactions using the accounting equation; Step 4: post entries into the ledger. Step 3: record transactions into the journal; Step 4: analyze transactions using the accounting equation.
Answer: Step 3: record transactions into the journal; Step 4: post entries into the ledger.
Explanation:
After we identify and analyze a transaction so that we know what accounts and journal it is to go to, we record the transaction in the relevant journal in the third step of the accounting process.
We then take those transactions and post it to the relevant ledger which shows all the transactions related to a certain account. These ledgers are called the "books of final entry" and it is from them that we are able to draw up the unadjusted trial balance.
Step 3: record transactions in the journal; Step 4: post entries into the ledger. Option (b) is correct.
The accounting cycle is a procedure created to make it simpler for business owners to account for the financial aspects of their operations.
The unadjusted trial balance, the worksheet, identifying transactions, entering transactions in a journal, posting, modifying journal entries, preparing financial statements, and closing the books are the eight processes of the accounting cycle.
Business owners receive thorough financial performance reports at the end of the accounting cycle, which are used to evaluate the company.
Learn more about the accounting cycle, here;
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Jon enjoys fishing (which costs $20) and golf (which costs $30) and has $140 to spend each month on these activities. Last month, Jon fished four times and golfed twice. The last fishing outing provided Jon a marginal utility of 50, and the last round of golf provided a marginal utility of 120. What is Jon's marginal utility per dollar spent on the last time fishing
Answer:
Fishing - 2.5 and Golfing - 4
Explanation:
Calculation to determine What is Jon's marginal utility per dollar spent on the last time fishing and golf
Last fishing outing produced =50 / $20
Last fishing outing produced = 2.5 units of utility per dollar.
Last round of golf provided= 120 / $30
Last round of golf provided= 4 units of utility per dollar
Therefore Jon's marginal utility per dollar spent on the last time fishing and golf is Fishing - 2.5 and Golfing - 4
Tax planning Question 6 options: guides investment activities to maximize after-tax returns over the long term for an acceptable level of risk. ignores the source of income and concentrates solely on the amount of income. is primarily done by individuals with incomes below $200,000. is limited to reviewing income for the current year and determining how to minimize current taxes.
Answer:
guides investment activities to maximize after-tax returns over the long term for an acceptable level of risk
Explanation:
Given that the purpose of Tax planning is to ensure that there is tax efficiency for the firm, in an after-tax evaluation, the goal of the firm in terms of returns or profits is toll achieved.
Hence, in this case, the correct answer to the question is that TAX PLANNING "guides investment activities to maximize after-tax returns over the long term for an acceptable level of risk."
The accounts of Melissa Manufacturing showed the following balances at the beginning of December: Account Debit Raw Materials Inventory $59,000 Work-in-Process Inventory 75,000 Finished Goods Inventory 30,000 Manufacturing Overhead 24,000 The following transactions took place during the month: December 2: Issued direct materials $39,000 and indirect materials $6000 to production. December 15: Incurred $5000 and $4000 toward factory's direct labor cost and indirect labor cost, respectively. What should be the balance in the Work-in-Process Inventory following these transactions
Answer:
$120,000
Explanation:
Calculation to determine What should be the balance in the Work-in-Process Inventory following these transactions
Beginning balance in WIP $75,000
Add: Direct materials transferred $39,000
Direct factory labor cost $6,000
Ending balance $120,000
($75,000+$39,000+$6,000)
Therefore What should be the balance in the Work-in-Process Inventory following these transactions is $120,000
