Answer:
The correct option is b. the CPI has understated the cost of living because of quality improvement bias.
Explanation:
Note: This question is not complete as it does not include the answer options. The answer options are therefor provided before answering the question as follows:
a. The CPI has overstated the cost of living because of income bias.
b. The CPI has understated the cost of living because of quality improvement bias.
c. The CPI has overstated the cost of living because of quality improvement bias.
The explanation of the answer is now provided as follows:
The Consumer Price Index (CPI) can be described as a metric that measures the average change in prices paid for a market basket of consumer goods by urban consumers over time.
Quality improvement bias occurs when price indexes do not incorporate information about good quality over time in addition to their nominal price.
Better and greater speeds and functionalities have become available as a result of advancements in computer chips and improved the lives of consumers, all without incorporating the information in CPI.
Therefore, the correct option is b. the CPI has understated the cost of living because of quality improvement bias.
Although a consumer may be happy with your company’s product/service, they will not hesitate to switch if another company provides additional value. This is why you should strive to ________ your customers
Answer:
delight
Explanation:
Consumer satisfaction refers to the level of happiness that a customer derives from the consumption or use of any product or service. The information related to the customer satisfaction is derived from the surveys and ratings. These information helps in the betterment and improvement of the product and services.
Delighting the customer is a very important part of marketing. This helps in maintaining the customer relation.
Effective leadership involves all the following, except: a. Managing oneself through personal time management, stress management, and other activities b. Managing team members through motivation, delegation, supervision, and team building c. Maintaining tight control of all project resources and providing information to team members only as needed d. Employing and utilizing project champions where they can benefit the project
Answer:
c
Explanation:
Following are transactions of Gotebo Tanners, Inc., a new company, during the month of January: Issued 10,000 shares of common stock for $15,000 cash. Purchased land for $12,000, signing a note payable for the full amount. Purchased office equipment for $1,200 cash. Received cash of $14,000 for services provided to customers during the month. Purchased $300 of office supplies on account. Paid employees $10,000 for their first month's salaries. What was the balance of Gotebo's Cash account following these six transactions
Answer:
$17,800
Explanation:
Calculation to determine the balance of Gotebo's Cash account following these six transactions
Using this formula
Cash Account= Beginning Cash-Office equipment+Cash for Service rendered-Employee salaries
Let plug in the formula
Cash account = ($15,000 - $1,200 + $14,000 - $10,000)
Cash account= $17,800
Therefore the balance of Gotebo's Cash account following these six transactions is $17,800
which of the following question types of specific values to determine the importance of a particular item?
force choice
open ended
rank order
rating scale
Answer:
I think Its C: Rank order
Explanation:
Oil reserves buried deep underground are _____. Please choose the correct answer from the following choices, and then select the submit answer button. infinite take hundreds of years to replenish largely inside U.S. borders finite and take millions of years to replenish take hundreds of years to replenish and largely lie outside U.S. borders
Answer:
finite and take millions of years to replenish
Explanation:
Oil reserves can be regarded as a the amount of crude oil which can be recovered technically at a cost which is feasible financially as regards present price of oil. Therefore, there will always be change in reserve with the price, compare with oil resources, that encompass all oil which can be technically recovered at any price.
Oil reserves can also be explained as estimate amount of crude oil that is been located in a particular economic region. oil reserves always posses potential of being extracted through current technological constraints. Calculations of Reserves based on a proven/probable basis, which means that oil pools which is situated in unattainable depths, cannot be said to be part of a nation's reserves. It should be noted that Oil reserves buried deep underground are finite and take millions of years to replenish
Which of the following defines the objectives of a project?
A) something that is required or in demand
B) targets and destinations for the project
C) statements of what the project will accomplish
D) all of the activities necessary for the project
statements of what the project will accomplish
Answer: D. all of the activities necessary for the project
Explanation: boss baby approved
Exercise equipment manufacturer Heavyweight, Inc. has experienced disappointing financial results due to the costs associated with shipping its products to wholesalers. This is an example of a(n) ______ cost disadvantage. Multiple choice question. forward channel ally supplier-related internal impossible
Answer:
Forward channel ally
Explanation:
The distribution channel is made up of a network of different players that help in movement a good from the manufacturer to the final consumer.
It is made up of suppliers, middle men, shipping agents, wholesalers, and retailers.
Forward channel ally are the next steps in the distribution channel.
In this instance it is the shipping agent that is supposed to transfer the goods to the wholesalers.
Heavyweight, Inc experiencing disappointing financial results due to the costs associated with shipping its products to wholesalers is a example of forward channel ally cost disadvantage
what is warehousing and a warehouse
Answer: See explanation
Explanation:
Warehousing refers to the act of storing goods which will then be distributed later or sold. Companies normally have a room or building where they keep their goods and such place are designed for storage.
The Functions of Warehousing include:
• Storage
• Purchasing of goods
• Inventory management.
• Materials handling, and packaging.
On the other hand, a warehouse refers to the building that is used for storing goods and making them available later when they are needed.
Which of these statements qualify as an unexpected expense? Your buddy, who owns the coolest computer in the world, just bought a new one and wants to sell his old one for cheap, for cash. You've got first crack at buying it. Your car insurance just went up, and you hadn't expected a bigger bill. The biggest game store is going out of business, and you'd like to pick up some absolutely awesome games at half price. You're living on your own, and your computer crashes. It has to be repaired. Your best friend is in the hospital in another city, and you need to fly to that city and head to the hospital. Which ones are unexpected expenses
Answer:
1.Insurance
2.Computer Crashes
3.Having to go to another City
Cleopatra is a sales agent for Caesar under a written listing agreement to sell Caesar's home on the range. Tiberius and Claudius are unrepresented buyers interested in purchasing Caesar's home. Cleopatra tells Tiberius about Claudius' offer and tells him he must beat the offer; Cleopatra doesn't tell Claudius about Tiberius because she thinks Tiberius is a much better fit for Caesar's lovely Grecian-style mansion, and Claudius hasn't yet applied for financing with Roman Bank. What are Cleopatra's actions an example of
Answer:
Violating duty of fairness to Claudius
Explanation:
Duty of fairness is defined as the process by which administrative decisions are made in in a fair manner so that the affected parties have an opportunity to put forward their views before the decision is made.
This results in a more inclusive decision making process.
In the given scenario Cleopatra decided to tell Tiberius about Claudius' offer and tells him he must beat the offer; Cleopatra doesn't tell Claudius about Tiberius because she thinks Tiberius is a much better fit for Caesar's lovely Grecian-style mansion.
This is unfair to Claudius as preferential treatment is being given to Tiberius.
At the beginning of June, Circuit Country has a balance in inventory of $2,000. The following transactions occur during the month of June.
June 2 Purchase radios on account from Radio World for $1,700, terms 1/15, n/45.
June 4 Pay freight charges related to the June 2 purchase from Radio World, $200.
June 8 Return defective radios to Radio World and receive credit, $300.
June 10 Pay Radio World in full.
June 11 Sell radios to customers on account, $3,000, that had a cost of $2,200.
June 18 Receive payment on account from customers, $2,000.
June 20 Purchase radios on account from Sound Unlimited for $2,800, terms 3/10, n/30.
June 23 Sell radios to customers for cash, $4,300, that had a cost of $2,600.
June 26 Return damaged radios to Sound Unlimited and receive credit of $300.
June 28 Pay Sound Unlimited in full.
Required:
1.
Assuming that Circuit Country uses a perpetual inventory system, record the transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
2.
Prepare the top section of the multiple-step income statement through gross profit for the month of June
Answer:
Part 1
Recording of transactions
June 2
Debit : Merchandise Inventory $1,700
Credit : Accounts Payable $1,700
June 4
Debit : Freight expenses $200
Credit : Cash $200
June 8
Debit : Accounts Payable $300
Credit : Merchandise Inventory $300
June 10
Debit : Accounts Payable $1.400
Credit : Discount received $14
Credit : Cash $1,386
June 11
Debit : Accounts Receivables $3,000
Debit : Cost of sales $2,200
Credit : Sales Revenue $3,000
Credit : Merchandise Inventory $2,200
June 18
Debit : Cash $2,000
Credit : Accounts Receivables $2,000
June 20
Debit : Merchandise Inventory $2,800
Credit : Accounts Payable $2,800
June 23
Debit : Accounts Receivables $4,300
Debit : Cost of sales $2,600
Credit : Sales Revenue $4,300
Credit : Merchandise Inventory $2,600
June 26
Debit : Accounts Payable $300
Credit : Merchandise Inventory $300
June 28
Debit : Accounts Payable $2,500
Credit : Discount received $75
Credit : Cash $2,425
Part 2
Circuit Country
Multiple-step income statement for the month of June
Sales Revenue ($3,000 + $4,300) $7,300
Less Cost of Sales ($2,200 + $2,600) ($4,800)
Gross Profit $2,500
Explanation:
Part 1
Perpetual inventory system keeps accurate records of the cost of sales and inventory balance after each and every purchase and sale made.
Also remember, Payments are always made less of credit allowance and discount (if payment is done within the discount period).
Part 2
A multiple -step up to gross profit is required. The data concerning Sales and Cost of Sales can be easily extracted from the records.
how to calculate for opening bank balance
Answer:
The opening balance is the amount of money that is available in the bank at the beginning of each financial period, such as the start of each month or each year. It is the amount brought forward and first figure entered in the account at the beginning of each period. When the amount is newly opened, the opening balance is the first amount entered in the account
Therefore, the opening balance is the difference between the closing balance and the deposit less the withdrawals within a period
Closing Balance = The Opening Balance + Total Income - Total Expense
Therefore;
The Opening Balance = Closing Balance - Total Income + Total Expense
Explanation:
A plant manager is attempting to determine the production schedule of various products to maximize profit. Assume that a machine hour constraint is binding. If the original amount of machine hours available is 200 minutes, and the range of feasibility is from 130 minutes to 300 minutes, providing two additional machine hours will result in Group of answer choices a different product mix, same total profit as before. the same product mix, different total profit. the same product mix, same total profit. a different product mix, different total profit.
Answer: a different product mix, different total profit.
Explanation:
It should be noted that in a situation whereby constraint is binding and a change with regards to the availability that is within the range exist, this will bring about a change in both the product mix and total profit.
With regards to the question, since the machine hour constraint is binding and the original amount of machine hours available is 200 minutes, and the range of feasibility is from 130 minutes to 300 minutes, then it should be noted that the provision of two additional machine hours will result in a different product mix, different total profit.
You hold currency from a foreign country. If that country has a higher rate of inflation than the United States, then over time the foreign currency will buy a. more goods in that country and buy more dollars. b. more goods in that country but buy fewer dollars. c. fewer goods in that country but buy more dollars. d. fewer goods in that country and buy fewer dollars.
Answer:
d. fewer goods in that country and buy fewer dollars.
Explanation:
In the case when the currency is hold from the foreign country and if the country contains the high inflation rate as compared with the united states so here the less goods in that country should be purchased at less dollars that means it shows the positive relationship between the goods and the dollars value
Therefore as per the given situation, the option d is correct
Recommended FIVE ways in which employees can manage Stress in the workplace
Answer:
Encourage Open Communication. ...
Offer Mental and Physical Health Benefits. ...
Bring in Meditation Classes. ...
Offer Paid Time Off. ...
Encourage Employees to Take Breaks. ...
Take the Team Out on Company Offsites. ...
Bring Some Diversions into the Office. ...
Consider Flexible
The amount of xylene that can be used in household paint is legally limited to 0.03 percent. Anything beyond this amount is hazardous to health and the environment, and considered a legal offense. Consequently, CW Paints Corp. has vouched to make its products as safe as possible. Therefore, it manufactures xylene-free paints even though this increases its costs and reduces the dividends paid to its shareholders in the long run. Which of the following responsibilities is CW Paints Corp. primarily compromising in this scenario?
A) legal responsibilities toward the government
B) economic responsibilities toward its shareholders
C) philanthropic responsibilities toward the local community
D) ethical responsibilities toward the society
Answer: B) economic responsibilities toward its shareholders
Explanation:
The primary purpose of a company is to maximize shareholder wealth. This means that it is to pursue strategy that would ensure the maximum return to its shareholders. This is also known as its economic responsibility towards shareholders.
Producing xylene-free paints reduces the dividends that are going to shareholders so it would seem that shareholder wealth is not being maximized and they are not getting the maximum return they could get so the company is violating its economic responsibilities towards shareholders. It is for a good cause though.
A company that lacks a competitively powerful stand-alone resource Multiple choice question. will be unable to develop competencies through cross-functional efforts. may attempt to develop a competitive advantage through resource bundling. must continue searching for a resource that passes five tests of competitive power. is likely to be a failure in the marketplace.
Answer:
may attempt to develop a competitive advantage through resource bundling.
Explanation:
Competitive advantage can be defined as conditions, factors or circumstances that allow a business firm (organization) to manufacture finished goods or services better and perhaps cheaper than other (rival) firms in the same industry. Thus, it's responsible for putting a business firm in a superior or more favorable position than rival firms.
This ultimately implies that, a competitive advantage has a significant impact on a business because it increases its level of sales, revenue generation and profit margin when compared to rival firms in the same industry.
A company that lacks a competitively powerful stand-alone resource that would significantly propel it to the top of the market or industry it's operating in, may attempt to develop a competitive advantage over its competitors or rivals in the same industry through resource bundling and optimum use of these resources.
How can buisness decision affect the local community??
Answer:
Small businesses will also participate and volunteer their time at fairs and festivals, working to connect with members of the community while sharing their services to a large audience.Local businesses pay local taxes, bolstering the city revenue available for improvements to roads, schools, and area green spaces. When shoppers spend their money locally, the taxes they pay benefit their community and better their own lives. Shopping online, for example, may not keep tax revenue local.
Conduct online research on different types of cover letters. Observe the cover letters and list the strong points of each cover letter. Based on the observations of different cover letters, create a cover letter of your own, assuming that you are applying for a company of your choice.
Answer:
the investigation of encyclopedia in the photosynthesis of America
Explanation:
The water flies ontop the bridge challenge to them
Khalid was recently hired as an intern in a marketing company. He was given a copy of the company's employee handbook, which identified the expectations for employees and the standards of proper or acceptable behavior, including the standard of dress, the amount of time given for breaks and lunch, guidelines for using company materials such as the copy machine, and the importance of being courteous and civil to all. The employee handbook provides guidance about the _______ of the company
Answer:
behavioral norms
Explanation:
From the question, we are informed about the Khalid who was recently hired as an intern in a marketing company. He was given a copy of the company's employee handbook, which identified the expectations for employees and the standards of proper or acceptable behavior, including the standard of dress, the amount of time given for breaks and lunch, guidelines for using company materials such as the copy machine, and the importance of being courteous and civil to all. In this case, The employee handbook provides guidance about the behavioral norms of the company. An employee handbook can sometimes be regarded as employee manual. It is a staff handbook that serve as company policy manual for an employee, this handbook is been
given by the employer to employees.
This employee handbook is essential in the sense that it is been utilized in
bringing together of employment as well as job-related information that is needed to be known by employees.
Which of the following statements is FALSE? A. Preferred stock cannot be converted into common stock. B. Preferred stock usually has a stated or par value but unlike bonds, this par value is not repaid at maturity because preferred stocks do not have a maturity date. C. The only time the par value of preferred stock would be paid to the shareholder is if the company ceases operations or retires the preferred stock. D. Skipped preferred dividends become a liability of the company.
Answer:
c
Explanation:
if you are asked to choose a profession between an agricultural expert and a veterinary doctor, which one will you choose? Give your opinion to support your choice.
Answer:doctor
Explanation:
General managers should take an active role in decisions about information systems. This is vital because: e) Information systems are normally incongruent with business strategies. a) The IS department cannot be trusted to make good decisions. b) The IS department has not been trained to make general business decisions. d) Information systems are designed to support business objectives. c) The IS department does not have the company’s best interests as its focus.
Answer:
d) Information systems are designed to support business objectives.
Explanation:
Information system can be defined as a set of components or computer systems, which is used to collect, store, and process data, as well as dissemination of information, knowledge, and distribution of digital products.
Generally, it is an integral part of human life because individuals, organizations, and institutions rely on information systems in order to perform their duties, functions or tasks and to manage their operations effectively. For example, all organizations make use of information systems for supply chain management, process financial accounts, manage their workforce, and as a marketing channels to reach their customers or potential customers.
Additionally, an information system comprises of five (5) main components;
1. Hardware.
2. Software.
3. Database.
4. Human resources.
5. Telecommunications.
Hence, general managers (GMs) are required by standard to take an active role in decisions concerning information systems (IS). This is quite essential and vital because information systems (IS) are designed to support business objectives and decisions pertaining to an organization.
Christopher is a self-employed cash-method, calendar-year taxpayer, and he made the following cash payments related to his business this year. Calculate the after-tax cost of each payment assuming Christopher has a 37 percent marginal tax rate. a) $500 fine for speeding while traveling to a client meeting. b) $800 of interest on a short-term loan incurred in September and repaid in November. Half of the loan proceeds was used immediately to pay salaries and the other half was invested in municipal bonds until November. c) $600 for office supplies in May of this year. He used half of the supplies this year and he will use the remaining half by February of next year.
Answer:
A. $500
B. $696
C. $378
Explanation:
Calculation to determine the after-tax cost of each payment
A. Based on the information given the AFTER-TAX COST will be $500 reason been that it is NOT DEDUCTIBLE based on the fact that fines and penalties does not provide a tax break
B. After-tax cost=$800 * [1-(0.5*0.37)]
After-tax cost=$800*(1-0.13)
After-tax cost=$800*0.87
After-tax cost=$696
Therefore After-tax cost is $696 reason been that HALF OF THE INTEREST will NOT be DEDUCTIBLE reason been that it was used to obtain NON-TAXABLE INCOME
C. After-tax cost=$600 * (1 - 0.37)
After-tax cost=$600*0.63
After-tax cost=$378
Therefore the After-tax cost is $378
Which one of these values can you usually expect from persons of integrity?
Answer:"They take responsibility for their actions."
Explanation:
Among the following choices one of the values that you can usually expect from persons of integrity is that they take responsibility for their actions. They are really respected by other people.
Checking account A charges a monthly service fee of $3 and a per-check fee
of $0.02, while checking account B charges a monthly service fee of $2 and a
per-check fee of $0.03. How many checks would a person have to write for
the two accounts to cost the same?
O A. 22
O B. 100
O, C. 0
O D. 35
Answer: B. 100
Explanation:
To find this out, we shall assume that the number of checks that should be written for the two accounts to cost the same will be x.
The cost of Account A assuming x number of checks is:
= 3 + 0.02x
For Account B this is:
= 2 + 0.03x
Equate both expressions:
3 + 0.02x = 2 + 0.03x
3 - 2 = 0.03x - 0.02x
0.01x = 1
x = 1 / 0.01
x = 100 checks
What does a person need if he or she is not able to pay for a planned purchase in full with a check or cash? A. a credit card B. a good credit score C. a long-term loan from a bank D. an interest-free loan from a credit union
Answer:
A. a credit card
Explanation:
A credit card can be defined as a small rectangular-shaped plastic card issued by a financial institution to its customers, which typically allows them to purchase goods and services on credit based on the agreement that the amount would be paid later with an agreed upon interest rate.
Generally, there are three (3) main types of credit card and these includes;
I. Debit card.
II. Prepaid card.
III. Retail charge cards.
A person needs credit card, if he or she is not able to pay for a planned purchase in full with a check or cash.
In conclusion, businesses or companies that avail their customers the opportunity to pay using a credit card will experience an increase in the number of customers that would patronize them because they are typically buying the goods and services on credit.
Economics
A baker bought flour and other ingredients for $250.00 and spent $52.00
on distribution, sold the bread for $320.00. The value added is
a) $302.00
b)$52.00
c)$18.00
d) $622.00
Answer:
I'm pretty sure it's c.
Explanation:
320-250-52=18?
Which of the following are necessary for production to take place?
A. Advertising to create demand
B. The input of land labor and capital
Market research to determine the level of demand
D. The creation of shipping networks to distribute goods,
MUM
Canners Company uses weighted-average costing. Beginning work in process inventory had $3,650 of material costs. During the period, $5,000 of materials and $9,250 in conversion costs were added. If there are 250 equivalent units of production for materials, the cost per equivalent unit for materials is ______.
Answer:
the cost per equivalent unit for materials is $34.60
Explanation:
The computation of the cost per equivalent unit for materials is shown below:
= (Beginning work in inventory + material added) ÷ material equivalent unit of production
= ($3,650 + $5,000) ÷ 250 units
= $34.60
Hence, the cost per equivalent unit for materials is $34.60
The same should be considered and relevant
