The type of business tort that occurs when one business steals a competitor's employee is called "wrongful or tortious interference with contract."
This occurs when a third party, in this case, the competitor, intentionally interferes with a contractual or business relationship between two parties, such as the employer and employee, causing one of the parties to breach the contract or business relationship. In this case, the competitor would have intentionally induced the employee to breach their employment contract with their current employer and work for them instead, causing harm to the current employer. This type of business tort can result in legal action against the interfering party and damages awarded to the harmed party.
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Which of the following would be classified as an autonomous change to planned aggregate expenditure?
a. Current income in an economy increases
b. Domestic goods become more expensive relative to foreign goods
c. Congress decides to undertake an infrastructure repair project
d. Interest rates in an economy decrease
The correct answer is C, Congress decides to undertake an infrastructure repair project. Autonomous changes to planned aggregate expenditure are changes in spending that occur regardless of the level of income.
This means that the change in spending is not caused by a change in income or production. An infrastructure repair project is an example of an autonomous change because it is a decision made by Congress that would cause an increase in planned aggregate expenditure, regardless of changes in income or production.
In contrast, option A, current income in an economy increases, is an example of an induced change in planned aggregate expenditure. An increase in current income will cause an increase in planned aggregate expenditure, so it is an induced change.
Option B, domestic goods become more expensive relative to foreign goods, is also an induced change in planned aggregate expenditure. If domestic goods become more expensive relative to foreign goods, households will spend more on domestic goods, resulting in an increase in planned aggregate expenditure.
Finally, option D, interest rates in an economy decrease, is also an induced change in planned aggregate expenditure. A decrease in interest rates will make it cheaper for households and businesses to borrow, leading to an increase in planned aggregate expenditure.
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by sending post purchase letters and giving guarantees on products to consumers who have bought their company's products or organization's services, marketing managers can help reduce the consumers' .
By sending post-purchase letters and giving guarantees on products to consumers who have bought their company's products or organization's services, marketing managers can help reduce the consumers' cognitive dissonance.
Cognitive dissonance refers to the mental state of tension that results from holding two or more inconsistent cognitions or beliefs. The individual's experience with dissonance is related to how many cognitions conflict and the significance of the dissonance.
Dr. Leon Festinger, a social psychologist, first coined the term cognitive dissonance. Festinger believed that cognitive dissonance occurs when there is a discrepancy between two or more cognitions and that individuals are motivated to reduce this dissonance in some way. There are a variety of ways to reduce cognitive dissonance, including changing one's behavior, beliefs, or attitudes.
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the cash flows of a project should: group of answer choices be computed on a pretax basis. include all incremental and opportunity costs. include all sunk costs and opportunity costs. include all financing costs related to new debt acquired to finance the project. be applied to the year when the related expense or income is recognized by gaap.
The cash flows of a project should (B) "include all incremental and opportunity costs".
Incremental costs are the additional costs that arise as a result of undertaking the project. Opportunity costs are the benefits that will be foregone if the project is undertaken, such as the returns that could have been generated from investing the funds elsewhere. By including both incremental and opportunity costs, the cash flows of a project will be a more accurate representation of the true economic impact of the project. This is important for making informed investment decisions and evaluating the profitability of a project.
Thus, the correct answer is option B.
"
Complete question
The cash flows of a project should: group of answer choices
A: be computed on a pretax basis.
B: include all incremental and opportunity costs.
C: include all sunk costs and opportunity costs.
D: include all financing costs related to new debt acquired to finance the project.
E: be applied to the year when the related expense or income is recognized by gaap.
"
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Myers, who is single, has compensation income of $73,000 in 2021. He is an active participant in his employer's qualified retirement plan. Myers contributes $6,000 to a traditional IRA. Phaseout of IRA Deduction of an Active Participant of the $6,000 contribution, how much can Myers deduct?
In view of the phase-out of the IRA Deduction of an Active Participant of the $6,000 contribution, Myers can deduct $1,000.
As Myers is an active participant in his employer's qualified retirement plan, the amount that he may deduct of his $6,000 contribution is subject to a phaseout. In general, if you're covered by a qualified retirement plan, you can still contribute to an IRA. However, there are income limits on the deductibility of traditional IRA contributions.A taxpayer's compensation income and tax-filing status determine the amount of the phaseout range.
The phase-out range for single taxpayers contributing to a traditional IRA in 2021, and who are also active participants in an employer's qualified retirement plan, is $66,000 to $76,000. To determine the amount that can be deducted, the contribution amount should be reduced by any contributions excluded from income under an employer's plan, which is the case for Myers since he is an active participant in his employer's qualified retirement plan. Myers can deduct $1,000 for his $6,000 contribution.
Therefore, he will be able to deduct only $1,000 of his $6,000 contribution to a traditional IRA due to the phaseout of the IRA Deduction of an Active Participant.
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when determining how large to make a visual, your main consideration is question 32 options: how many pages you need your report to be. how important and complex the information in the visual is. whether the visual's content is negative or positive. how much room you will need for borders. whether the visual will be in color or black and white.
When determining how large to make a visual, the main consideration is "how important and complex the information in the visual is." Thus, Option B is correct.
Additionally, factors such as how much room you will need for borders, whether the visual will be in color or black and white, and how many pages you need your report to be can also be taken into account.
Visual communication is defined as the process of exchanging information and ideas through visual aids. It involves combining text, images, and other graphics to communicate effectively. Visual communication is a crucial aspect of communication because it allows the receiver to get a better understanding of the message being conveyed.
Determine the size of your visual by considering how important and complex the information in the visual is. If the information is complex, the visual should be larger to allow for more details to be included. If the information is less complex, the visual can be smaller.
The size of a visual is not determined by the number of pages you need your report to be, how much room you will need for borders, whether the visual's content is negative or positive, or whether the visual will be in color or black and white.
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Eli must motivate the sales force to increase sales in the fourth quarter. If he chooses the wrong medium it could result in which of the following?
a. A decrease in the richness of the channel
b. A message that is less effective or even misunderstood
c. A message that rewards length over clarity
d. A less than systematic writing plan
If Eli chooses the wrong medium to motivate the sales force to increase sales in the fourth quarter, it could result in a message that is less effective or even misunderstood.The correct answer is B.
What is medium?A medium refers to the type of communication device that is used to communicate a message. It can be print, electronic, or spoken. .
Communication medium plays a vital role in marketing communication. For instance, print media consists of newspapers, magazines, and billboards; electronic media consists of radio, television, and the internet; and spoken media consists of oral presentations, speeches, and face-to-face meetings.
What is the importance of choosing the right medium?The effectiveness of a message is highly dependent on the communication medium used. The medium of communication plays a critical role in the success of a message. An appropriate medium must be chosen for each communication need.
The correct selection of communication medium can improve the effectiveness of communication. For example, a message that needs to reach a large audience quickly would benefit from using radio, television, or the internet.
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A(n)______ is a person who learns of nonpublic information from an insider,and is generally viewed as a temporary insider.A) underwriterB) controlling personC) issuerD) tippeeE) dealer
A tippee is a person who learns of non-public information from an insider, and is generally viewed as a temporary insider.
A tippee is a person who learns of non-public information from an insider, and is generally viewed as a temporary insider.
In contrast to a controlling person, a tippee is somebody who gets confidential information from someone who is already an insider. A controlling person, as we know, is someone who is in charge of or oversees the activities of another person or group of people.
In finance, the term "issuer" refers to a company or government entity that sells securities to the public.
Dealers are businesses or individuals who purchase securities and then resell them for a profit.
An underwriter is a company or investment bank that assists in the issuance of securities to the public.
Insider trading refers to the buying or selling of securities by an insider who has access to material, non-public information about a company.
Insider trading is unethical, dishonest, and illegal, and it undermines confidence in the fairness and transparency of the capital markets.
Insiders, on the other hand, must follow specific rules and regulations when buying or selling securities in order to ensure that the playing field is level for all market participants. Insider trading can lead to hefty fines, legal penalties, and even imprisonment.
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At the inception of a lease for equipment the journal entry required in the capital projects fund will include which of the following?- A debit to Equipment.- A debit to Lease Expense.- A credit to Obligations under Leases.- A credit to Other Financing Sources-Lease Agreement.
The journal entry required in the capital projects fund at the inception of a lease for equipment includes "a credit to Other Financing Sources-Lease Agreement". D is correct.
When a capital projects fund enters into a lease agreement for equipment, the journal entry should credit the fund's Other Financing Sources account and debit the asset account for the equipment. Additionally, the fund should credit the Obligations under Leases account to reflect the future lease payments due. However, at the inception of the lease, no lease expense has been incurred yet.
Therefore, a debit to Lease Expense is not required in the journal entry. The credit to Other Financing Sources-Lease Agreement represents the source of financing for the equipment lease, while the credit to Obligations under Leases reflects the fund's liability for the lease payments.
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in its first month of operations, literacy for the illiterate opened a new bookstore and bought merchandise in the following order: (1) 300 units at $7 on january 1, (2) 450 units at $8 on january 8, and (3) 750 units at $9 on january 29. assume 900 units are on hand at the end of the month. required: calculate the cost of goods available for sale, cost of goods sold, and ending inventory under the fifo. assume perpetual inventory system and sold 600 units between january 9 and january 28. (round your intermediate calculations to 2 decimal places.)
The cost of goods available for sale is $12,450, cost of goods sold is $5,400 and ending inventory under the FIFO method is $8,100.
Calculation of the cost of goods available for sale:The total cost of goods available for sale can be calculated as:
300 units × $7 = $2,100
450 units × $8 = $3,600
750 units × $9 = $6,750
Total cost of goods available for sale = $2,100 + $3,600 + $6,750 = $12,450.
Calculation of cost of goods sold:Cost of goods sold can be calculated by subtracting the cost of ending inventory from the total cost of goods available for sale. Therefore, we need to find the cost of ending inventory first.
Calculation of ending inventory:
Ending inventory is the number of units left in stock after sales have been made. We are told that 900 units are left in stock at the end of the month. Therefore, the cost of the ending inventory can be calculated as follows:
300 units × $7 = $2,100 (Sold between January 1 and January 8)
450 units × $8 = $3,600 (Sold between January 8 and January 29)
150 units × $9 = $1,350 (Leftover)
Total cost of the ending inventory = $2,100 + $3,600 + $1,350 = $7,050.
Cost of goods sold can now be calculated as:
Total cost of goods available for sale = $12,450
Cost of ending inventory = $7,050
Cost of goods sold = $12,450 - $7,050 = $5,400.
Calculation of ending inventory under the FIFO method:Calculation of the weighted average cost per unit:
We can find the weighted average cost per unit by dividing the cost of goods available for sale by the total number of units available for sale. This will give us the average cost of a unit.
$12,450 / (300 + 450 + 750 + 900) = $12,450 / 2,400 = $5.19
Cost of goods sold using FIFO:
We can calculate the cost of goods sold using the FIFO method by multiplying the number of units sold by the cost of the oldest inventory. We can then subtract the cost of the inventory from the total cost of goods sold.
600 units were sold between January 9 and January 28, and the remaining 300 units were sold after January 28.
Cost of goods sold for 600 units sold between January 9 and January 28 = 300 units × $7 + 300 units × $8 = $2,100 + $2,400 = $4,500.
Cost of goods sold for 300 units sold after January 28 = 300 units × $9 = $2,700.
Total cost of goods sold = $4,500 + $2,700 = $7,200.
Ending inventory using FIFO:
Using the FIFO method, the cost of the ending inventory is the number of units left in stock multiplied by the cost of the newest inventory, which is $9.
Therefore, the ending inventory can be calculated as follows:900 units × $9 = $8,100.
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what kind of business organization requires more money up front, entails shared profits and responsibilities but proects personal assets through shareholding
The business organization that requires more money up front, entails shared profits and responsibilities, but protects personal assets through shareholding is a corporation.
In a corporation, ownership is divided into shares, which are sold to investors who become shareholders. Shareholders have limited liability, meaning that their personal assets are protected from the corporation's debts and obligations. However, they also have shared profits and responsibilities, as they own a portion of the company and are entitled to a portion of its profits.
Corporations generally require more money up front to start and operate compared to other business organizations, such as sole proprietorships and partnerships, due to regulatory and legal requirements. However, they offer the advantage of limited liability and the ability to raise capital through the sale of shares.
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Dave and Jane file a joint return. They sell a capital asset at a $140,000 loss. Even though they have no capital gains, $3,000 of the loss can still be deducted in the current year if they have at least $3,000 of ordinary income.
True or False?
Even though they have no capital gains, $3,000 of the loss can still be deducted in the current year if they have at least $3,000 of ordinary income. The statement is true.
According to the tax law, a maximum of $3,000 of capital losses can be deducted in any given tax year against ordinary income. If the taxpayer has more than $3,000 in capital losses, the excess can be carried forward to future tax years. In this case, since Dave and Jane have no capital gains to offset the loss, they can deduct up to $3,000 of the loss against their ordinary income in the current year. Ordinary income refers to the regular income received from employment, self-employment, or business activities, and is taxed at progressive rates based on the taxpayer's income level.
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ethan is a consultant working on a research project for a client. his research has uncovered findings that are counter to what his customer was expecting. these ethical dilemmas could potentially lead ethan to do what?
As a consultant, Ethan is working on a research project for a client. Ethan has found some findings that are counter to what his customer was expecting. These ethical dilemmas could lead Ethan to do job of a consultant.
What is a Consultant?A consultant is a person who provides specialist advice to their clients on specific problems. They provide information, assistance, and guidance on how to improve operations, reduce expenses, and develop new strategies. As a consultant, Ethan is working on a research project for a client. Ethan has found some findings that are counter to what his customer was expecting.
These ethical dilemmas could potentially lead Ethan to the following steps: Discuss the findings with the client: Ethan can sit down with his client and discuss the findings that he has discovered. During the discussion, Ethan should explain his methodology, his results, and the implications of the results. If the client is open to feedback and new information, the discussion should be productive.
Limit the scope of the project: If the findings are problematic, Ethan can consider limiting the scope of the project. If the findings have the potential to harm the client, it might be in the client's best interest to terminate the project. Share the findings with the client's competitors: If the client is not receptive to the findings, Ethan might consider sharing the findings with the client's competitors. This option should only be considered if the client is involved in unethical or illegal activities. Sharing findings with the client's competitors could harm the client's business and could be legally problematic. Therefore, Ethan should only consider this option if he believes it is necessary.
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The National Recovery Administration (NRA), headed by Hugh S. Johnson, set codes that set prices and wages in many American industries; the NRA's symbol, which stores and factories that abided by the code displayed, was
Hugh S. Johnson led the National Recovery Administration (NRA), which established standards for ethical conduct and regulated salaries and prices for many American sectors. The NRA's logo was a blue eagle, which businesses that adhered to the code were required to display.
What did the National Recovery Agency achieve while Hugh S. Johnson was in office?Hugh S. Johnson's National Recovery Agency (NRA), which was in charge of setting moral standards and setting prices and compensation for many American businesses, did both. Businesses who followed the rule had to display the blue eagle that is the NRA's insignia.
What did the National Recovery Administration (NRA) set out to accomplish? What was the goal of it, and how did it affect the nation?Without the National Industrial Recovery Act (NRA), which gave the president the authority to enact industry-wide rules intended to outlaw unfair trade practices, reduce unemployment, set minimum wages and hourly limits, and safeguard workers' rights to collective bargaining, the NRA would not have been able to achieve its goals.
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What is the inequality-adjusted human development index of the US?
In the following question, among the conditions given, The inequality-adjusted human development index (HDI) of the US is 0.862, as of 2019.
The IHDI measures human development based on standards of health, education, and income.
The Human Development Index (HDI) is a summary measure of average achievement in key dimensions of human development: a long and healthy life, being knowledgeable and having a decent standard of living.
The HDI is the geometric mean of normalized indices for each of the three dimensions. It is calculated as the geometric mean of a country’s life expectancy, education, and income indices. The inequality-adjusted human development index (IHDI) of the US is 0.862, as of 2019.
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Suppose other countries have a comparative advantage over New Zealand in producing vinegar. If trade in vinegar is allowed, New ZealandA. will import vinegarB. will export vinegar.C. will either import vinegar or export vinegar, but it is not clear from the given information.D. would have nothing to gain either from exporting or importing vinegar.
Option (A), Assume that other nations produce vinegar more efficiently than New Zealand. Vinegar will be imported into New Zealand if trading in it is permitted.
What is a comparative advantage in the study of economics?A person has a comparative advantage over others if they can produce something for less money than they all can. Comparative advantage refers to a country's ability to manufacture a certain good or service for less money than its trading partners. Opportunity cost is a studyable factor to take into account while selecting between several production options, according to the concept of comparative advantage.
Even when a nation has an absolute edge in every way, comparative advantage implies that it should concentrate on one class of commodities for export while importing the others.
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Consider the following multifactor (APT) model of security returns for a particular stock. Factor Factor Beta Factor Risk Premium Inflation 1.2 6% Industrial production 0.5 8 Oil prices 0.3 3 a) If T-bills currently offer a 6% yield, find the expected rate of return on this stock if the market views the stock as fairly priced. b)Suppose that the market expected the values for the three macro factors given in column 1 below, but that the actual values turn out as given in column 2. Calculate the revised expectations for the rate of return on the stock once the "surprises" become known. Factor Expected Rate of Change Actual Rate of Change Inflation 5% 4% Industrial production 6 Oil prices 2. 0
The expected rate of return on the stock has decreased from 18.1% to 14.4% due to the "surprises" in the macro factors.
a) Expected Rate of Return = RFR + beta1*(RPM1) + beta2*(RPM2) + beta3*(RPM3)
Where RFR stands for the risk-free rate of return, and RPM stands for risk premium. The beta values used in the formula can be taken from the table provided, and the risk premiums can also be calculated using the given data. The expected rate of return will be as follows:
Expected Rate of Return = 6% + 1.2*(6%) + 0.5*(8%) + 0.3*(3%)
Expected Rate of Return = 6% + 7.2% + 4% + 0.9%
Expected Rate of Return = 18.1%
b) Calculation of the revised expectations for the rate of return on the stock once the "surprises" become known. The actual values for the macro factors are different from the expected values, and therefore, the expected rate of return will also change. The new expected rate of return can be calculated using the formula provided in part (a), but with the actual values of the risk premiums.
Where RFR stands for the risk-free rate of return, and RPM stands for risk premium. The beta values used in the formula can be taken from the table provided, and the actual risk premiums can also be calculated using the given data. The revised expectations for the rate of return on the stock are given below:
Expected Rate of Return = 6% + 1.2*(4%) + 0.5*(6%) + 0.3*(2%)
Expected Rate of Return = 6% + 4.8% + 3% + 0.6%
Expected Rate of Return = 14.4%
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Some people are in favor of reducing federal taxes to increase consumer spending and others are against it. Two persons are selected and their opinions are recorded. Assume no one is undecided. Find the number of possible outcomes. Number of possible outcomes A survey of 35 students at the Wall College of Business showed the following majors: Accounting Finance Economics Management Marketing 9 9 Click here for the Excel Data File From the 35 students, suppose you randomly select a student. a. What is the probability he or she is a management major? (Round your answer to 3 decimal places.) Probability b. Which concept of probability did you use to make this estimate?
The concept of probability used to make this estimate is relative frequency. Relative frequency is the probability of an event occurring based on its frequency relative to the total number of events. In this case, the relative frequency of a management major out of the 35 students is 9/35, or 0.257.
This means that there is a 25.7% chance that a randomly selected student is a management major. This type of probability is based on the law of large numbers, which states that if the number of trials is large enough, the relative frequency of an event will approach its true probability.
Thus, in this case, the relative frequency of a management major out of the 35 students can be used to estimate the true probability of a student being a management major.
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Suppose that the government purchases $50 million worth of computers from China. Which of the following GDP accounts will be affected?a. Consumption
b. Investment
c. Government Purchases
d. Net Exports
The GDP account that will be affected is "Government Purchases." Thus, C is the correct answer.
What is GDP?GDP, or Gross Domestic Product, is the total value of all goods and services produced within a country's borders in a given period. It is the most frequently used measur
e of a country's economy. The term "domestic" refers to the fact that GDP includes only economic activity within a country's borders.
There are four GDP accounts that are measured. They are as follows:
Consumption: This category includes all of the purchases that consumers make, such as food, clothing, and entertainment.Investment: This category includes all business investments in machinery, buildings, and equipment. It also includes all government investment.Government Purchases: This category includes all government purchases of goods and services. These can include everything from office supplies to military equipment.Net Exports: This category includes all imports and exports. When exports are greater than imports, a country has a positive net export balance.Learn more about GDP https://brainly.com/question/1383956
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8. Nathan is the administrative manager at Woodlands, Inc. The organizational procedures and policies of the company prevent Nathan from implementing many of his ideas to increase efficiency. This indicates a low degree of which reduces Nathan's ability to influence others (power) A. centrality B. discretion C. substitutability D. ingratiation E. visibility 9. Mathew is one of the top attorneys at his law firm. His brilliance in handling some of the most difficult and high-profile cases has earned him fame far and wide, and he wields considerable influence in the running of the firm. Mathew's high degree of ___ ensures that he has considerable power to influence others. A. internalization B. discretion C. substitutability D. ingratiation E visibility
"Nathan is the administrative manager at Woodlands, Inc. The organizational procedures and policies of the company prevent Nathan from implementing many of his ideas to increase efficiency. This indicates a low degree of discretion, which reduces Nathan's ability to influence others." Thus, Option D is correct.
"Mathew is one of the top attorneys at his law firm. His brilliance in handling some of the most difficult and high-profile cases has earned him fame far and wide and he wields considerable influence in the running of the firm. Mathew's high degree of visibility ensures that he has considerable power to influence others." Thus, Option E is correct.
The Explanation to Each AnswerNathan, as an administrative manager, faces limitations in implementing his ideas to enhance efficiency in Woodlands, Inc. due to the company's strict procedures and policies. This indicates a low level of discretion, which refers to the decision-making authority and independence an individual has within their job.Learn more about discretion https://brainly.com/question/15022176
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There are two steel companies operating in a country, Firm A and Firm B. The market demand is estimated to be Q(P) = 500−20P where P is price and Q is quantity. Marginal cost is $10 per unit for both firms. The firms simultaneously decide how much steel to produce at the beginning of the year and then prices adjust so that supply equals demand.(a) Determine Firm A’s best response function.(b) Determine the equilibrium price, quantity, and profit of the game played between Firm A and Firm B.(c) Suppose that demand shifts to Q(P) = 560−20P. What is the new price and quantity?(d) Say the firms develop technology to quickly adjust quantity of steel produced. Therefore, firms compete by setting price. What is the equilibrium price, quantity, and profit of the game played between the firms? Does the answer depend on whether demand is Q(P) = 500 − 20P or Q(P) = 560 − 20P? Explain. 1
(a) The best response function for Firm A is: Quantity = (P-50)/10.
Firm A's best response function is the solution to the following maximization problem:
maximize Profit = (Price - Marginal Cost) *Quantity.
In this case, Profit = (P-10) *(500-20P).
(b) Profit= 16800, equilibrium price of P = 30 and an equilibrium quantity of Q = 440.
Firm A's profit at this equilibrium will be.
(30-10) *440 = 16800.
When supply equals demand, the equilibrium price and quantity can be determined by setting the demand curve equal to the best response function from Firm A.
In this case, 500 - 20P = (P-50)/10.
Solving for P gives an equilibrium price of P = 30 and an equilibrium quantity of Q = 440.
(c) New price=40 and new quantity=520
When the demand shifts to Q(P) = 560−20P,
the new equilibrium price and quantity can be determined by setting the demand curve equal to the best response function from Firm A.
In this case,
560 - 20P = (P-50)/10.
Solving for P gives an equilibrium price of P = 40 and an equilibrium quantity of Q = 520.
(d) The equilibrium price will be P = 30 and the equilibrium quantity will be Q = 440.
When firms compete by setting price, the equilibrium price and quantity of the game played between the firms depends on the demand curve. For example, if the demand curve is
Q(P) = 500 − 20P,
the equilibrium price will be P = 30 and the equilibrium quantity will be Q = 440.
If the demand curve shifts to Q(P) = 560 − 20P,
the new equilibrium price will be P = 40 and the equilibrium quantity will be Q = 520.
Therefore, the answer does depend on whether the demand is Q(P) = 500 − 20P or Q(P) = 560 − 20P.
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Kingbird, Inc. Iras an opening balance in its supplies account of $2740 and purchases $3420 of supplies during the year. A year-end physical count'shows $3190 in supplies inventory. Which is the appropriate journal entry at year end? O Dr Supplies $3420 Cr Cash $3420 O Dr Supplies $2970 Cr Supplies Expense $2970 O Dr Supplies Expense $3190 Cr Supplies $3190 O Dr Supplies Expense $2970 Cr Supplies $2970
The appropriate journal entry at year end would be:
Dr. Supplies Expense $3230, Cr. Supplies $3230
A supplies account is an accounting account used to track the cost of supplies, materials, and other consumables used in a business or organization.
It is used to record the initial balance of supplies, purchases of supplies during the year, and any adjustments made for ending inventory of supplies.
The supplies account was opened with a balance of $2740 and $3420 was purchased during the year. Therefore, the total amount of supplies available during the year was $6160 ($2740 + $3420).
However, the year-end physical count shows only $3190 in supplies inventory. This means that $2970 ($6160 - $3190) of supplies were used during the year.
Therefore, the appropriate journal entry at year end would be to debit Supplies Expense for $2970 and credit Supplies for $2970.
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in the early 1990s, banks began offering check-writing privileges on money market mutual funds. this caused
In the early 1990s, banks began offering check-writing privileges on money market mutual funds. This caused an increase in the competition between banks and money market mutual funds for customers.
Money Market Mutual Fund (MMMF) is a mutual fund that invests in high-quality, low-risk, short-term money markets instruments such as government securities, certificates of deposit, and commercial paper. MMFS has check-writing privileges that are similar to those of checking accounts. They may, for example, enable you to write checks or make withdrawals up to a certain limit per month. MMMFs pay interest on your account balances, but it is significantly lower than that of savings accounts.
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in an employer-sponsored defined benefit pension plan, the interest cost included in the pension expense represents:
In an employer-sponsored defined benefit pension plan, the interest cost included in the pension expense represents the amount of interest that accumulates on the pension's liability over a particular period.
Let's find out more about the cost of the pension. Pension Definition The cost paid by a business to manage and fund its pension plan over a specific time period is referred to as a pension expenditure. In a defined-benefit plan, a number of assumptions about how pension payments will be distributed among plan participants in the future are used to calculate the pension cost. A pension plan is a retirement benefit programme offered by a business that offers qualified workers a set benefit distribution upon retirement. An employer determines the defined-benefit plan's financial needs and contribution level based on the projected liabilities for retirement benefit distribution. The following formula is used to calculate the interest cost component of the pension costs in an employer-sponsored defined-benefit pension plan:Interest cost = discount rate * projected benefit obligation (PBO) at the beginning of the year. The rise in a pension plan's liabilities brought on by the accrual of interest on the PBO is referred to as the interest cost. PBO serves as a gauge for the estimated benefit obligations that the employer will have to fulfil towards pension plan participants.
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which of the following scenarios illustrates business marketing?
A) Molly, a university student buys a book to gift her friend
B) tom, the accountant at Martel inc buys a pair of shoes for his daughter
C) mark a school student purchases a laptop for his personal use
D) Jenny the manager of ikon inc purchases a set of printers for her office
E) none of the above
The scenario that illustrates business marketing is when Jenny the manager of Ikon Inc purchases a set of printers for her office.
This is because business marketing refers to the marketing of goods and services to businesses, governments, or other institutions for use in the production of goods and services that they can produce and market or to resale to other customers.
What is business marketing? Business marketing refers to the marketing of goods and services to businesses, governments, or other institutions for use in the production of goods and services that they can produce and market or to resale to other customers.
Therefore, business marketing involves a longer and more complex buying process than consumer marketing because businesses often have to consider the return on investment (ROI) and other business-related factors before making a purchase decision.
In the given scenario, it is stated that Jenny, who is the manager of Ikon Inc, purchases a set of printers for her office. This clearly indicates that she is buying products that are essential for her business to operate. Hence, this scenario illustrates business marketing.
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what is aggregate productivity? the total level of productivity achieved by a country the productivity achieved by a unit within an organization the total productivity achieved by all the firms in a particular industry the total productivity achieved by an individual company
Aggregate productivity refers to (A) the total level of productivity achieved by a country or a region.
It is a measure of the overall efficiency with which a nation or a region is using its resources (such as labor, capital, and technology) to produce goods and services. Aggregate productivity is typically measured as the output per unit of input (such as output per worker or output per hour worked) and is often used as an indicator of a country's economic performance.
Therefore, option A is the correct answer.
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which ledger can be updated solely from the receiving report? a. standard cost inventory ledger b. general ledger c. ap subsidiary ledger d. actual cost inventory ledger
C: AP subsidiary ledger can be updated solely from the receiving report.
The AP subsidiary ledger is a record of all outstanding accounts payable for a company. It is a subsidiary ledger to the general ledger and is used to keep track of the amounts owed to each vendor or supplier.
The receiving report is a document that is prepared when goods or services are received from a supplier. It contains details such as the date of receipt, the quantity and description of the goods or services received, and the name of the supplier.
Based on the information contained in the receiving report, the AP subsidiary ledger can be updated to reflect the amount owed to the supplier. This is because the receiving report provides proof that the goods or services have been received and that the supplier is owed payment.
The correct answer is "C: AP subsidiary ledger".
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The physical setting in which a speech occurs can have a significant impact on the outcome of a speech.True or False
True. The physical setting in which a speech occurs can have a significant impact on its outcome.
What is physical setting?The term "physical setting" refers to the condition of the school's physical structure, as well as its position in the neighborhood, and factors such as the level of maintenance, background noise, lighting, interior air quality, and thermal convenience.
If the setting is too noisy, the speaker may find it difficult to communicate with the audience, and this may impact the outcome of the speech. It is critical to consider the physical setting to guarantee a successful and effective speech.
For example, a speech given in a large auditorium may be more likely to be heard and understood by more people than a speech given in a smaller setting, such as a classroom. Additionally, the type of seating, lighting, sound equipment, and other factors may all influence how well the audience engages with the speaker.
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Sometimes a liquid can be sitting there and its molecules will become a gas. That’s called
___________________________________________.
Answer:
Una vez que toda la sustancia está en estado líquido, al continuar calentando vuelve a subir la temperatura y llega un momento en que las fuerzas intermoleculares ya son incapaces de mantener juntas las moléculas del líquido, por lo que éste hierve y se convierte en un gas, se produce la ebullición.
true or false in determining the cost of debt, a firm could use its yields and prices of outstanding bonds.
True. In determining the cost of debt, a firm can use its yields and prices of outstanding bonds.
Yields measure the return on bonds, while prices of outstanding bonds measure the market's valuation of the firm. The cost of debt is the effective rate a firm pays on its current debt obligations. To calculate the cost of debt, a firm can use either the yield to maturity of its bonds or the current market price of the outstanding bonds. The yield to maturity is calculated by taking into account the bond's coupon rate, length of time until maturity, and current market price. The current market price of the bonds is based on the current market yield and the bond's face value.
By comparing the yield to maturity or market price of the outstanding bonds to the coupon rate, the firm can determine its cost of debt.
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Cakes by Jacki has $144,000 of fixed costs per year. The contribution margin ratio is 59%. The sales dollars to break-even rounded to the nearest dollar equals: Click the answer you think is right. $203,040 $244,068 $351,220 $228,960
The sales dollars to break even rounded to the nearest dollar equals $244,068. Thus, option b is correct.
The break-even point is that sales amount that will generate a profit of $0, and to calculate the sales amount, one should equate the total cost to the total revenue, given as:
= Or, Fixed costs + Variable costs = Total sales
Let, ‘x’ be the total sales amount, then the contribution margin will be 59% of the total sales:
Contribution margin = 59/100 × x= 0.59x
Therefore, the equation for total cost will be as follows:
Total Cost = Fixed Cost + Variable Cost = $144,000 + 0.41x
At the break-even point, the total cost equals the total sales. Hence, we can equate them:
Total sales = Total cost
x = $144,000 + 0.41xx - 0.41x = $144,0000.59
x = $144,000x = $144,000 / 0.59x
= $244,067.80 ≈ $244,068.
Hence, the sales dollars to break even rounded to the nearest dollar equals $244,068. Thus, option b is correct.
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