The given statement, "the liabilities section of the chart of accounts would include accrued liabilities and prepaid expense accounts" is true (T) because the liabilities section of the chart of accounts includes all accounts related to the company's obligations.
This including accrued liabilities and prepaid expense accounts that may be reclassified as liabilities.
The liabilities section of the chart of accounts typically includes all the accounts related to the company's obligations, including but not limited to accounts payable, accrued liabilities, notes payable, and deferred revenues. Prepaid expense accounts, on the other hand, are typically classified as assets since they represent payments made in advance for future expenses.
However, there may be cases where a prepaid expense is initially recorded as an asset and then reclassified to a liability account once the expense is incurred but not yet paid for.
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the adjusting entry requires when goods or servies a re provided to a customer for amounts previously recorded as defferred revenues includes:
The adjusting entry that is required when goods or services are provided to a customer for amounts previously recorded as deferred revenues includes the debiting of deferred revenue and crediting of revenue.
What is deferred revenue?Deferred revenue refers to the money received from customers in advance of delivering goods or providing services. The deferred revenue is recorded as a liability on the balance sheet because the company is liable to deliver the goods or services in the future.The adjusting entry for deferred revenue is made when the company provides goods or services to the customer for whom they received the payment in advance. When the goods or services are provided, the liability for deferred revenue decreases, and the revenue earned by the company is recognized. Therefore, the deferred revenue is debited, and the revenue account is credited in the adjusting entry.The entry would be as follows:Debit: Deferred revenueCredit: Revenue.
This adjusting entry ensures that the financial statements accurately reflect the revenues earned by the company and the corresponding cash flows. It is important for companies to properly record deferred revenue and recognize it as revenue only when the goods or services are provided. This helps in maintaining the accuracy and reliability of the financial statements.
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purchasing a product from a wholesale club would be an example of which way to reduce ap price while value is increased?
Purchasing a product from a wholesale club would be an example of purchasing in bulk.
Purchasing in bulk can be regarded as one of the most effective ways to minimize cost while maintaining value. This method is mostly used in wholesale clubs, where buyers may purchase products in bulk to save money.
In a wholesale club, consumers may acquire big amounts of items at a lower price than if they bought each item separately. As a result, if a product is purchased in bulk, the price per unit will be less than if it were bought in smaller quantities.
This method helps to reduce the price while preserving quality or value. Therefore, purchasing a product from a wholesale club is a means to reduce price while value is increased by purchasing in bulk.
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Identify a true statement about the GAP model.a.Minimizing gaps 4 and 5 will result in low customer satisfaction.b.Failure to understand and minimize gaps presents the risk of losing customer loyalty.c.It eliminates causes of defects and errors in manufacturing and service processes by focusing on outputs that are critical to customers.d.It defines quality system standards based on the premise that certain generic characteristics of management practices can be standardized.Failure to understand and minimize gaps presents the risk of losing customer loyalty.
The GAP model is a model that outlines the difference between the expected service quality and the actual service quality. The gaps represent the factors that are hindering service delivery, and it is essential to minimize them to enhance customer satisfaction.
Identify a true statement about the GAP model.GAP model is a vital tool in the identification of the factors that hinder service delivery. Failure to understand and minimize gaps presents the risk of losing customer loyalty. This is a true statement about the GAP model.Minimizing gaps 4 and 5 will result in low customer satisfaction. This is a false statement about the GAP model. The GAP model outlines that minimizing gaps 4 and 5 will lead to improved customer satisfaction.It eliminates causes of defects and errors in manufacturing and service processes by focusing on outputs that are critical to customers.
This is a false statement about the GAP model. The GAP model is not focused on eliminating defects and errors. Instead, it aims to identify the factors that hinder service delivery and work towards minimizing them.It defines quality system standards based on the premise that certain generic characteristics of management practices can be standardized.
This is a false statement about the GAP model. The GAP model does not define quality system standards. It is focused on identifying factors that hinder service delivery and enhancing customer satisfaction. Therefore, the true statement about the GAP model is that failure to understand and minimize gaps presents the risk of losing customer loyalty.
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which of the following is an accurate description of decision making? multiple choice question. the process of analyzing the underlying causes of a situation the procedure of explaining a choice that has been made the process of identifying and choosing alternative courses of action the act of implementing a plan that has already been conceived
The correct answer is: "the process of identifying and choosing alternative courses of action." Decision making refers to the process of choosing between various options or courses of action based on a set of criteria or objectives.
In this case option C is correct.
It entails weighing the advantages and disadvantages of each choice to determine which is most likely to provide the desired results. The other choices provided in the question, such as examining the root causes of a situation, justifying a decision, or carrying out a preconceived plan, are all significant parts of the decision-making process but do not provide a complete description of decision making.
In this case option C is correct.
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how many pounds of candy that sells for $0.87 per lb must be mixed with candy that sells for $1.27 per lb to obtain 8 lb of a mixture that should sell for for $0.95 per lb
We need to mix 2.5 pounds of candy that sells for $0.87 per lb must be mixed with 4.5 pounds of candy that sells for $1.22 per lb to obtain 7 lb of a mixture that should sell for $0.98 per lb.
To solve the problem, we need to use the concept of weighted averages. Let x be the amount of candy that sells for $0.87 per lb and y be the amount of candy that sells for $1.22 per lb. We know that x + y = 7, and we need to find the values of x and y that satisfy the equation:
0.87x + 1.22y = 0.98(7)Simplifying this equation, we get:
0.87x + 1.22y = 6.86
Multiplying both sides of the equation by 100, we get:
87x + 122y = 686Substituting x = 7 - y, we get:
87(7 - y) + 122y = 686Simplifying and solving for y, we get:
y = 4.5Substituting y = 4.5 into x + y = 7, we get:
x = 2.5Therefore, we need to mix 2.5 pounds of candy that sells for $0.87 per lb with 4.5 pounds of candy that sells for $1.22 per lb to obtain 7 lb of a mixture that should sell for $0.98 per lb.
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recently, a slate of directors who were elected to the board of diamond drilling sought to change the company's business practices with respect to climate change. these investors belong to a type known as
Recently, a slate of directors who were elected to the board of diamond drilling sought to change the company's business practices with respect to climate change. These investors belong to a type known as activist investors.
An activist investor is an individual or group of individuals who purchase large shares of a public company's stock with the goal of influencing the company's management decisions to improve their financial and environmental performance. Activist investors use their power to push for change in a company's operations, policies, and corporate culture. They typically use various tactics, such as public campaigns, media coverage, legal action, shareholder proposals, and negotiations with management, to pressure companies to adopt more sustainable practices and increase their social responsibility.
Diamond drilling's slate of directors belongs to a group of activist investors who focus on environmental, social, and governance (ESG) issues. ESG investors seek to align their investments with their values and social impact objectives, by selecting companies that demonstrate responsible and sustainable practices in their operations, supply chain, and environmental footprint. By engaging with companies and promoting ESG practices, investors aim to improve their financial returns, mitigate risks, and contribute to positive social and environmental outcomes. For Diamond drilling, the slate of directors' campaign reflects the growing awareness and concern of investors about the risks and opportunities associated with climate change.
As more investors recognize the financial impact of climate change on companies' operations, markets, and reputation, they are demanding more transparency, accountability, and action on sustainability issues. By promoting ESG practices, investors can drive change and create value for all stakeholders, while contributing to a more sustainable and equitable future.
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joy's fabrics purchases merchandise from a supplier on december 1st on credit, terms 1/10, n/30 for $2,050. joys hopes to eventually sell that merchandise to a customer at a sales price of $3,700. when recording the payment of the invoice on december 9th in its cash payments journal, how much would joy's enter in the accounts payable dr. column?
For Joy's Fabrics, its cash payments journal will affect a recording of accounts payable with an amount of $2,029.5.
Here, it is understood that the payment is made within 10 days, and the credit term is also satisfied, 1% discount is received on accounts payable. The journal entry will affect cash accounts by $2,050 in this case, and $20.5 will be credited to discounts received. As a result, accounts payable will only be $2,029.5.
Accounts Payable = Actual Purchase – 1% Trade Discount
Accounts Payable = 2050 – 20.5
Accounts Payable = 2029.5
Therefore, the accounts payable will be debited by $2,029.5.
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Complete question
Joy's fabrics purchases merchandise from a supplier on December 1st on credit, terms 1/10, n/30 for $2,050. Joys hopes to eventually sell that merchandise to a customer at a sales price of $3,700. When recording the payment of the invoice on December 9th in its cash payments journal, how much would joys enter the accounts payable dr. column?
Multiple Choice
$2029.5.
$2,500
$2,575
$3,000
intangible assets are never amortized. instead, they are tested annually for impairment. true or false
The statement that intangible assets are never amortized and are tested annually for impairment is true. It is because intangible assets are non-physical assets that have no physical substance, and they are classified as long-term assets.
Intangible assets include patents, copyrights, trademarks, goodwill, and brand recognition, among others. They are expected to provide benefits to the company for an extended period, usually more than one year.
Unlike tangible assets such as equipment or land, intangible assets are not easily measurable, and their values can be subjective. As a result, accounting for intangible assets can be challenging.
The process of amortization is used to allocate the cost of an intangible asset over its useful life. However, intangible assets have an indefinite useful life or a life that exceeds the economic life, making it difficult to estimate their useful life.
As a result, they cannot be amortized. Instead, the intangible assets are tested annually for impairment. Impairment refers to a significant reduction in the asset's fair value. An asset is impaired if the recoverable amount is lower than the carrying amount.
If an intangible asset is impaired, the company must write it down to its fair value, and the impairment loss is recorded on the income statement. Therefore, the statement that intangible assets are never amortized and are tested annually for impairment is true.
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In 2019, the Pew Research Center surveyed Americans about their household's access to computers and the Internet.
The chart above shows the percentage who reported having access to a broadband Internet connection from 2000 - 2019, categorized as either "urban", "suburban", or "rural":
Which of these would be the most effective way for the American government to reduce the digital divide demonstrated above, between rural households and suburban/urban households?
A partnership with an Internet carrier to install broadband Internet infrastructure in rural areas and provide household access at discounted rates.
Government-subsidized computer training classes in all communities.
Discounted rates for school districts to install high speed Internet connections.
A partnership with an Internet Service Provider to offer Internet access to low-income households at discounted rates.
To effectively reduce the digital divide the most effective approach would be: A partnership with an Internet carrier to install broadband Internet infrastructure in rural areas and provide household access at discounted rates. The correct option is A.
This approach addresses the core issue by focusing on improving the infrastructure and accessibility of broadband Internet in rural areas. By partnering with an Internet carrier, the government can facilitate the expansion of broadband networks to underserved rural communities. This can help in minimizing the digital divide.
Thus, the ideal selection is option A.
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on march 4, tonkawa law asks green lawn services for basic lawn maintenance totaling $200. green lawn provides maintenance on march 8, and tonkawa pays for the lawn maintenance on march 12. under accrual-basis accounting, on which date should tonkawa record an increase in accounts payable? multiple choice march 4 (date of request). march 8 (date of lawn maintenance service). march 12 (date of cash payment). none of the choices are correct.
According to accrual-basis accounting, on which date should Tonkawa record an increase in accounts payable?
The answer is March 8.
Accrual accounting refers to an accounting method that takes into account revenue and expenses as they are earned or incurred, respectively, regardless of when they are received or paid.
In the given case, Tonkawa Law requested Green Lawn Services to provide basic lawn maintenance on March 4. Green Lawn provided maintenance on March 8, and Tonkawa paid for the lawn maintenance on March 12.
As the service was provided on March 8, it is the appropriate date to record an increase in accounts payable.
Hence, the correct answer is "March 8 (date of lawn maintenance service)".
Option A: "March 4 (date of request)" is incorrect because it is not the date on which services were provided.
Option B: "March 8 (date of lawn maintenance service)" is the correct answer as discussed above.
Option C: "March 12 (date of cash payment)" is incorrect because cash payment does not signify the date on which the payable was created.
Option D: "None of the choices are correct" is incorrect because the correct option is mentioned above.
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Joe's Camera shop has a favorite model that has monthly sales of 12. The cost to place an order to replenish inventory is $25 per order, and annual inventory holding cost per unit is $20. Assume the store is open 350 days per year. Lead time is 10 days. Cost per unit is .5
a. What is the optimal order size?
b. What is the optimal number of orders per year?
c. What is the optimal number of days between orders?
d. What is the annual holding cost? $
e. What is the total cost, including the cost of the units? $
(a) Optimal order size = 19 units(b) Optimal number of orders per year = 8 orders(c) Optimal number of days between orders = 282 days(d) Annual holding cost = $190(e) Total cost, including the cost of the units = $1935.5
What is the calculation?Annual inventory holding cost per unit is $20.Store is open 350 days per year.
Lead time is 10 days.
Cost per unit is 0.5
The demand rate (D) for the model can be calculated as:
D = Monthly demand × 12D = 12 × 12D = 144 units per year
The ordering cost (S) is given as $25 per order.
The holding cost (H) per unit per year is given as $20.Cost per unit (C) is given as $0.5
Calculations optimal order size
(Q)Q = sqrt((2DS)/H)
Q = sqrt((2×144×25)/20)
Q = sqrt(360)Q = 18.97 ≈ 19 units
The optimal order size is 19 units.
optimal number of orders per year
The optimal number of orders per year can be calculated as:
No of orders = (D/Q)No of orders = 144/19
No of orders = 7.57 ≈ 8 orders
The optimal number of orders per year is 8 orders.
optimal number of days between orders
The optimal number of days between orders can be calculated as:
D = (D/No of orders) × (Lead time + No of days open)
Q = (144/8) × (10 + 350)Q = 2250/8Q = 281.25 ≈ 282 days
The optimal number of days between orders is 282 days.
Annual holding cost can be calculated as:
Annual holding cost = Q/2 × H
Annual holding cost = 19/2 × 20
Annual holding cost = $190The annual holding cost is $190.
Total cost (TC) can be calculated as:
TC = (D/Q)S + (Q/2)H + D
Cost per unit (C) is given as $0.5
So, TC = (144/19) × 25 + (19/2) × 20 + (144 × 0.5)
TC = 1935.5
The total cost, including the cost of the units, is $1935.5.
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In contrast to primary activities, support activities add value ______, but are necessary to sustain primary activities.
In contrast to primary activities, support activities add value indirectly, but are necessary to sustain primary activities.
Support activities in a value chain are defined as activities or processes that support the main or core processes of the business.What is a value chain?The value chain is a sequence of activities that an organization performs to add value to its products or services. The value chain categorizes a company's activities into two categories: primary activities and support activities.
Primary ActivitiesThe primary activities in the value chain are:
Inbound logistics: This refers to the process of obtaining and storing raw materials and products that are needed to manufacture the final product.Operations: This refers to the processes that transform raw materials and other inputs into the final product.Outbound logistics: This refers to the processes that distribute the final product to customers.Marketing and Sales: This involves the advertising and promotion of the product, as well as identifying potential customers and securing sales.Service: This refers to the process of providing after-sales support to customers.Support ActivitiesThe support activities in the value chain are:
Procurement: This refers to the process of purchasing raw materials and other inputs that are required to produce the final product.Technology Development: This refers to the activities that are required to develop new products or to improve existing products.Human Resource Management: This involves the recruitment, training, and retention of employees that are required to perform the various activities in the value chain.Infrastructure: This refers to the support systems that are required to sustain the various activities in the value chain.Learn more about Support activities: https://brainly.com/question/30827504
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the graph shows the domestic demand and domestic supply for soybeans. assume this country is open to international trade, that soybeans are a perfectly competitive good, and that the world price of soybeans is $30. suppose a tariff of $10 is imposed. what price will result in this country?
The price will increase by $10, reaching $40. The corresponding quantity and demand will be 40 and 60 units, respectively. Imports will make up the shortfall of 20 units.
What is meant by domestic demand?Final domestic demand is the total amount of goods and services required to meet all resident units' requirements. Final domestic demand is the sum of all real expenditures by the private and general government industries for final consumption, investment, as well as stock construction.
The quantity of a good accessible for home consumption or fixed investment, valued at producers' prices. It is determined by adding domestic output to imports, subtracting exports, and accounting for less change in inventories. Demand is the market's wish to buy the good or service, whereas supply is the market's capacity to produce the good or service.
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The price will increase by $10, reaching $40. The corresponding quantity and demand will be 40 and 60 units, respectively. Imports will make up the shortfall of 20 units.
What is meant by domestic demand?Final domestic demand is the total amount of goods and services required to meet all resident units' requirements. Final domestic demand is the sum of all real expenditures by the private and general government industries for final consumption, investment, as well as stock construction.
The quantity of a good accessible for home consumption or fixed investment, valued at producers' prices. It is determined by adding domestic output to imports, subtracting exports, and accounting for less change in inventories. Demand is the market's wish to buy the good or service, whereas supply is the market's capacity to produce the good or service.
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Rest of the question and graph attached below,
After the tariff is imposed, how many units of soybeans will be imported?
after conducting a swot analysis for new edge, a movie distribution company, it was determined that they can gain greater exposure due to an increase in the rise of video streaming websites in the industry. this is therefore considered a(n):
This is considered a Strengths of New Edge, as video streaming websites provide New Edge with greater exposure in the industry. This strength can be used to the company's advantage in order to reach more potential customers and increase their market share.
A SWOT analysis is a tool used by organizations to identify their Strengths, Weaknesses, Opportunities, and Threats. Strengths refer to the qualities of an organization that make it successful, and the increase in video streaming websites provides New Edge with a significant opportunity to gain more exposure in the industry. This can be used to the company's advantage in order to reach more potential customers, gain more market share, and increase profitability.
Weaknesses refer to the aspects of an organization that prevent it from achieving its objectives. In the case of New Edge, the weakness is its lack of visibility in the industry. However, the increase in video streaming websites provides the company with the opportunity to gain more visibility and increase its market share.
Opportunities refer to any external factors that can be used to the organization's advantage. In the case of New Edge, the rise of video streaming websites provides the company with the opportunity to gain greater exposure and reach more potential customers.
Threats refer to any external factors that can be detrimental to an organization. For New Edge, the rise of video streaming websites could be a threat if they are unable to compete with the other companies offering similar services.
In conclusion, the rise of video streaming websites in the industry is considered a Strength of New Edge, as it provides the company with the opportunity to gain more exposure in the industry, reach more potential customers, and increase their market share.
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maria is the sheriff of narez, texas. oscar robs a narez gas station and a $500 reward is offered for his capture. when, later, maria finds and arrests him, with respect to the reward, she can group of answer choices not collect it because it is an illusory promise. collect it. not collect it because she had a preexisting duty to capture oscar.
Maria can collect the reward for capturing Oscar. The $500 reward was offered for the capture of Oscar, and Maria, as the sheriff of Narez, was not obligated to capture him. Therefore, she was not under any preexisting duty to capture him and the reward is not an illusory promise.
In this case option D is correct
As long as Maria met the conditions of the reward (in this case, capturing Oscar), she is entitled to collect the reward. It's worth noting that there may be ethical considerations at play in this situation, as law enforcement officers are expected to fulfill their duties regardless of any rewards or incentives.
However, from a legal standpoint, Maria is entitled to collect the reward if she meets the conditions of the offer.
In this case option D is correct
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since her divorce, therese has had trouble making the mortgage payment and paying off the credit card debt accumulated during her marriage. what type of nonwork hindrance stressor best describes therese's experience?
The answer to your question is:
Therese's experience is best described as a financial strain nonwork hindrance stressor. This type of stressor occurs when people experience financial hardship, such as difficulty paying bills or debts, losing a job, or facing a large and unexpected expense.
Financial strain is a type of nonwork hindrance stressor that can affect individuals both at work and outside of work. Financial strain refers to the experience of financial difficulty or hardship, which may arise from a variety of factors such as high debt levels, unexpected expenses, or a lack of income.
Financial strain can have negative effects on individuals' mental and physical health, as well as their job performance and job satisfaction. For example, financial strain may lead to increased levels of anxiety, depression, and other mental health problems. It may also result in physical health problems, such as headaches, insomnia, and high blood pressure.
In Therese's case, her difficulty making the mortgage payment and paying off the credit card debt accumulated during her marriage qualifies as a financial strain.
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which set of multiplicities correctly shows the relationship between the cash collection table and the sales table in modeling cash sales?
The multiplicities between the cash collection table and the sales table in modeling cash sales is one-to-one.
This means that for every one record in the cash collection table, there is exactly one record in the sales table.
A one-to-one relationship means that each record in the cash collection table is related to only one record in the sales table, and vice versa.
This type of relationship is used to ensure the accuracy of the cash sales data in the database. For instance, if there is a cash sale for a product, the record in the cash collection table and the record in the sales table must match, so that the sales can be tracked correctly. Additionally, it prevents duplicate entries in the database, ensuring the accuracy of the data.
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according to the monetary approach, what matters in exchange rate determination are a. all of the options b. the relative velocities of monies. c. the relative money supplies. d. the relative national outputs.
According to the monetary approach, what matters in exchange rate determination are the relative money supplies. The correct option is option c.
This method argues that the supply and demand for a country's currency are determined by the supply of and demand for money in that country.
Once the relative money supplies have been determined, the exchange rate can be calculated.
The monetary approach argues that a country with a high money supply will have a lower exchange rate than a country with a lower money supply. This is because the demand for a currency is determined by the supply of that currency. If a country has a high money supply, there will be more of its currency available, so the demand for it will be lower.
The monetary approach focuses on the impact of money supply on exchange rates, asserting that an increase in a country's money supply leads to a depreciation in its currency value relative to other currencies.
This is because when there is more money in circulation, the demand for goods and services increases, causing inflation. As a result, the domestic currency loses value relative to foreign currencies with lower inflation rates.
In addition to the relative money supplies, other factors like relative national outputs and relative velocities of monies can also influence exchange rates, but they are not the primary focus of the monetary approach.
The monetary approach is based on the fundamental principles of supply and demand, where the exchange rate is determined by the equilibrium between the supply of one currency and the demand for another.
When a currency is in high demand or its supply is limited, its value increases relative to other currencies.
In conclusion, the monetary approach to exchange rate determination primarily emphasizes the role of relative money supplies (option c) in influencing currency values. Although other factors can impact exchange rates, the monetary approach highlights the importance of money supply as a key determinant.
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According to the monetary approach, what matters in exchange rate determination are all of the options mentioned, which include the relative velocities of monies, the relative money supplies, and the relative national outputs. The basic idea behind this approach is that changes in the money supply or the velocity of money in one country will ultimately affect the exchange rate between that country's currency and another currency.
For instance, if a country increases its money supply faster than another country, its currency will likely depreciate relative to the other country's currency. Similarly, if a country experiences higher inflation rates or lower levels of economic output relative to another country, this may also put downward pressure on its exchange rate.
The monetary approach emphasizes the importance of understanding how changes in the money supply and other economic variables can impact exchange rates. By focusing on these factors, policymakers can potentially influence exchange rates through various monetary and fiscal policy tools. Overall, the monetary approach highlights the complex interplay between economic variables and exchange rate dynamics, and underscores the need for careful analysis and management of monetary policy.
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a company has total equity of $2,100, net working capital of $220, long-term debt of $1,030, and current liabilities of $3,660. what is the company's net fixed assets?
The company's net fixed assets are equivalent to $2,910, which is the sum of total equity, net working capital, and long-term debt.
A company's fixed assets include its buildings, vehicles, machinery, and other equipment. We would deduct networking capital from total equity and add long-term debt to obtain the company's net fixed asset. Therefore,
Net fixed asset = $2,100 total equity - $220 working capital + $1,030 long term debt
= $2,910
Hence, as asked in the question, $2,910 is the net fixed assets for the company.
The difference between a company's current assets and current liabilities is known as working capital. It is a financial metric that determines if a business has enough liquid assets to cover its debts due within a 12-month period. If a business has surplus current assets, it can use that money to fund ongoing operations.
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sometimes it is legal to reproduce a copyrighted work without the permission of the copyright holder. these circumstances are called group of answer choices fair use. noncommercial use. piracy. public domain. reciprocity.
Sometimes it is legal to reproduce a copyrighted work without the permission of the copyright holder under certain circumstances known as A: "fair use."
Fair use is a legal doctrine that allows limited use of copyrighted material without obtaining permission from the copyright holder, for purposes such as criticism, comment, news reporting, teaching, scholarship, or research. The factors that determine whether a particular use of copyrighted material qualifies as fair use include the purpose and character of the use, the nature of the copyrighted work, the amount and substantiality of the portion used, and the effect of the use on the potential market for or value of the copyrighted work.
Thus, the correct answer is fair use.
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as the price of gummy bears rises from $2.60 to $3 , what are the price elasticities of demand of sugar-free gummy bears and of ordinary gummy bears?
The price elasticities of demand of sugar-free gummy bears and of ordinary gummy bears when the price of gummy bears rises from $2.60 to $3 are 1.54 and 0.93, respectively.
What's Price Elasticity of DemandPrice elasticity of demand is a measure of the responsiveness of demand for a commodity or a service to a change in the price of the commodity or the service.
The price elasticity of demand of sugar-free gummy bears and of ordinary gummy bears when the price of gummy bears rises from $2.60 to $3 is given below:
Sugar-free gummy bears
Price elasticity of demand is given by the following formula:
PED = (% change in quantity demanded) / (% change in price)
PED = ((5-4) / 4) / ((3-2.60) / 2.60) = 1.54
The price elasticity of demand of sugar-free gummy bears is 1.54.
This means that demand for sugar-free gummy bears is elastic because the value of price elasticity of demand is greater than 1.Ordinary gummy bearsPrice elasticity of demand is given by the following formula:
PED = (% change in quantity demanded) / (% change in price).
PED = ((10-8) / 8) / ((3-2.60) / 2.60) = 0.93
The price elasticity of demand of ordinary gummy bears is 0.93. This means that demand for ordinary gummy bears is inelastic because the value of price elasticity of demand is less than 1.
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meetings can be an excellent chance to give an opportunity presentation. group of answer choices true false
True, Meetings can be an excellent chance to give an opportunity presentation, as it can provide a platform to explain the details of a new opportunity to a group of people.
Meetings can be an excellent chance to give an opportunity presents. This statement is true. During meetings, one can have the opportunity to present an idea or proposal and get feedback from others.
It can also be a chance to share updates, and progress reports, or discuss plans for the future. Meetings are an effective way to communicate, collaborate, and share information among team members.
Meetings can be conducted in different forms, such as in-person, virtual, or hybrid, depending on the needs of the participants and the nature of the topic.
Meetings can be an excellent opportunity to give an opportunity presentation, exchange ideas, and get feedback from others.
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when a monopolist increases output by one unit, total revenue multiple choice question. increases by less than price. increases by more than price. increases by the amount of the price. does not change.
When a monopolist increases output by one unit, total revenue increases by more than price.
When a monopolist increases output by one unit, total revenue increases by more than the price of that one unit because, as the output increases, the marginal revenue increases.
Marginal revenue is the additional revenue generated from an additional unit of output, and it is typically higher than the price of that one unit. In other words, the monopolist can charge a higher price due to their market control, which leads to a greater total revenue when they produce more output.
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Activity-based management seeks to maximize ______________ while minimizing _________ of activities
Activity Based Management is a system of relating and assessing the conditioning carried out by a company.
activity- based management aims to maximize value while minimizing activity costs.
Action- Grounded operation( ABM) is a way of assaying a company's profitability by examining all aspects of its operations to identify strengths and sins. ABM helps operation identify areas of the business that are losing plutocrat so they can be bettered or reduced overall.
This operation system has been proven to reduce waste, better( process) quality, reduce lead times and introduce new products faster. Executives using this frame examine each business process and perform an exertion- grounded cost and value chain analysis to understand its strengths and weaknesses.
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a reduction the amount of oil (a resource) will tend to cause which of the following? select one: a. an increase in the price level and no change in output if accompanied by an increase in the money supply b. a reduction in output and an increase in the price level c. a reduction in output with no change in the price level d. a reduction in
A reduction in the amount of oil (a resource) will tend to cause C. A reduction in output and an increase in the price level
There are two possible effects when there is a reduction in oil quantity:
A decrease in the output: When there is a reduction in oil quantity, production costs will rise due to the increased cost of oil. As a result, businesses will have to spend more money to produce the same amount of goods and services they did previously. Therefore, businesses will decrease their output to maintain a profit, which will result in a decrease in output.
Increase in the price level: When there is a reduction in the quantity of oil, the price of oil will increase due to the high oil demand. Since oil is an important raw material in the production of many goods and services, any rise in the price of oil will increase the cost of production of these goods and services.
As a result, the prices of goods and services that rely on oil will increase, and the price level will increase as well. In conclusion, a reduction in the amount of oil (a resource) will tend to cause a reduction in output and an increase in the price level. Therefore the correct option is C
The Question was Incomplete, Find the full content below :
A reduction the amount of oil (a resource) will tend to cause which of the following?
a) A reduction in output and a reduction in the price level
b) A reduction in output with no change in the price level
c) A reduction in output and an increase in the price level
d) An increase in the price level and no change in output if accompanied by an increase in the money supply
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nancy, a sixteen-year-old entrepreneur, appoints her friend josh, who is twenty, to be her agent. she asks josh to sign a contract with a supplier for several cases of frosting for her cupcake business. josh contacts the supplier and notifies him of his agency for nancy. after assuring the supplier that both he and nancy are adults, josh signs a contract promising to pay $200. after the first shipment of frosting goes out, nancy loses interest in the business and disavows the contract. is josh personally liable for the $200? no, because an agent is almost never liable for contracts signed on behalf of a principal. yes, because josh warranted to the seller that nancy was of legal age to form a binding contract. no, because nancy is a minor and lacks capacity, and therefore may disavow a contract without liability. yes, because josh was acting in a personal capacity.
The correct option is: yes, because josh warranted to the seller that Nancy was of legal age to form a binding contract.
Josh is personally liable for the $200 in the given case. Josh was Nancy's agent who contacted the supplier and assured the supplier that Nancy was an adult and they could make a binding agreement. Josh signed the contract on behalf of Nancy, which is why Josh is personally liable for the $200.
In this case, Josh signed the agreement, which leads to him being bound by the contract. When Nancy disavowed the agreement, Josh was still responsible for the $200 since he signed the contract on behalf of Nancy. Josh warranted to the supplier that Nancy was of legal age to enter into a legally binding contract.
Therefore, it is because Josh guaranteed to the seller that Nancy was of legal age to form a binding contract that Josh is personally responsible for the $200.
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an investment will pay you $97,000 in four years. assume the appropriate discount rate is 7.75 percent compounded daily. what is the present value?
The present value of an investment paying $97,000 in four years, assuming the appropriate discount rate is 7.75 percent compounded daily, is $74,953.20.
The present value of an investment is the current worth of a future sum of money or stream of cash flows given a specified rate of return. This can be calculated by discounting the future cash flows back to the present day. The discount rate is the interest rate used to calculate the present value.
In this case, the investment will pay $97,000 in four years, and the appropriate discount rate is 7.75 percent compounded daily. To calculate the present value, we need to calculate the present value of each of the future cash flows using the discount rate.
We can use the formula PV = FV / (1 + r)^t, where PV is the present value, FV is the future value, r is the interest rate, and t is the time period.
In this case, the FV is $97,000, r is 7.75%, and t is 4 years. Using this formula,
the present value is $74,953.20. Therefore, the present value of an investment paying $97,000 in four years,
assuming the appropriate discount rate is 7.75 percent compounded daily, is $74,953.20.
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great lakes farm agreed this morning to sell general mills 25,000 bushels of wheat six months from now at a price per bushel of $9.75. this is an example of a:
This is an example of a futures contract, which is an agreement between two parties (in this case, Great Lakes Farm) to buy or sell an asset at a predetermined price and date in the future.
A futures contract is a standardized agreement between two parties to buy or sell an underlying asset at a specific price and date in the future. In this case, Great Lakes Farm agreed to sell 25,000 bushels of wheat to General Mills at a price of $9.75 per bushel, six months from now.
Futures contracts are commonly used in the commodities markets to hedge against price fluctuations and manage risk. They are also traded by speculators who hope to profit from changes in the market price of the underlying asset.
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if a firm is earning zero economic profit, it group of answer choices is doing as well as the typical firm of that industry. has incentive to shut down and leave the market. is earning below the normal rate of return. is also earning zero accounting profit.
If a firm earning zero economic profit is not making any extra money above its opportunity cost, which is equivalent to the normal rate of return.
When a firm is earning zero economic profit, it means that its revenue is just enough to cover its explicit and implicit costs. In other words, the firm is not making any extra money above and beyond its opportunity cost.
Moreover, when a firm is earning zero economic profit, it is also earning below the normal rate of return, which is the minimum return required by investors to compensate for the risk they have taken.
Lastly, it is important to note that earning zero economic profit doesn't mean that a firm is earning zero accounting profit.
In conclusion, it is doing as well as the typical firm in that industry, but it is not providing enough compensation to its investors.
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link motors has a beta of 1.30, the t-bill rate is 3.00%, and the t-bond rate is 6.5%. the annual return on the stock market during the past 3 years was 15.00%, but investors expect the annual future stock market return to be 10.00%. based on the sml, what is the firm's required return? do not round your intermediate calculations.
Link Motors’ required return is 13.30%.
The required return on Link Motors is calculated by taking the beta of the company, 1.30, and adding it to the risk-free rate, 3.00%, and then multiplying it by the expected return of the market, 10.00%.
Using this formula, the required return can be calculated as follows: 1.30 + (3.00% * 10.00%) = 13.30%.
This required return is the rate of return that investors expect to get from the company given the risks associated with it and the expected return of the stock market.
To explain further, the beta of the company is a measure of the risk associated with its stock. A beta of 1.30 implies that the stock is 30% more volatile than the stock market, and therefore investors require a higher return to compensate them for the extra risk associated with the stock.
The risk-free rate is the rate of return that an investor would get if they invested in a risk-free asset, such as a Treasury bill or bond. This rate is added to the beta as it is the baseline risk-free rate that investors expect to receive.
The expected return of the stock market is then multiplied by the risk-free rate and beta to get the required return. This expected return is the return that investors expect the market to provide in the future, and it is this return that the company must achieve to satisfy investors.
In conclusion, Link Motors’ required return is 13.30%, which is calculated by adding its beta of 1.30 to the risk-free rate of 3.00%, and then multiplying it by the expected return of the stock market, 10.00%. This required return is the rate of return that investors expect to get from the company given the risks associated with it and the expected return of the stock market.
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