On December 1, a company pays $3,600 for a 36-month insurance policy. After one month, accrual accounting requires $ _________(100/3,600) of insurance expense be reported on the income statement ending December 31. However, if cash basis accounting is used, $ _______(100/3,600) of insurance expense would be reported at the time of purchase.
Accrual accounting demands $100 in insurance expenses, whereas cash basis accounting requires $3,600 in insurance expenses.
What is the insurance expense?Using the accrual basis of accounting, the corporation will recognize expenses when they are incurred, regardless of whether they are paid or not.
As a result, the company's insurance expense in the year is limited to the months of December 1 to December 31.
[tex]\text{ Insurance expense under accrual basis} =\frac{3,600}{36}=100[/tex]
Therefore, $3,600 divided by 36 months equals $100.
When using cash basis accounting, all expenses with actual cash outflows are reported.
As a result, the entire $3,600 insurance policy cost will be charged to insurance expenses in the year.
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Maria has a balance of $4,500 on her credit card with a 22% interest rate. How long will it take her balance to double?
The time required from simple interest on a principal of $4,500.00 at an interest rate of 22% per year is 4.55 years (about 4 years 7 months).
Simple InterestGiven Data
Principal = $4,500Interest = 22%Final Amount = $4,500*2 = $9,000Equation:
t = (1/r)(A/P - 1)
Calculation:
First, converting R percent to r a decimal
r = R/100 = 22%/100 = 0.22 per year,
then, solving our equation
t = (1/0.22)((9000/4500) - 1) = 4.55
t = 4.55 years
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Which is not a responsibility of a human resources manager? Choose the answer.
Question 3 options:
revising personnel policies and procedures
revising job descriptions
maintaining company employee contact information
developing the company's strategic plan
Answer:
maintaining company employee contact information
Some monopolistic competitors earn positive economic profits in the long run because a. there are high barriers to entry in monopolistic competition. b. they have successfully differentiated their products from their competitors' products. c. there is easy entry and exit. d. b and c e. none of the above
In a monopoly, only the company that dominates the market can make a profit because it is difficult for other companies to compete (option A)
What is monopoly?A monopoly is a term that refers to a situation of legal privilege in which a producer or economic agent (monopolist) has great market power and is the only one in an industry.
For example: A company that produces cars and is the only one in a country that has all the means to produce and market cars. For other companies it is difficult to enter a consolidated market to compete against that company.
According to the above, it can be inferred that for new companies there are great barriers to compete against a company that has a monopoly.
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The Gregor family installed a pool in their backyard but refused to put in a fence. While the Gregors were on vacation, a 10-year-old boy jumped in their pool and was injured. The boy’s family will MOST likely sue the Gregors for what?
The family of the boy will most likely sue the Gregors for not putting a fence around the pool in their backyard due to which their child has been injured.
What is a fence?A fence is a structure built outside an area to cover it so that no one can escape or enter that area. It is a kind of a railing or a barrier usually made up of wood, wire, or steel bars.
If the Gregor family has put the fence around the pool in their backyard, then a ten-year-old boy can't able to enter the pool area which ultimately results in no injury to the boy. But the Gregor family has denied putting the fence which makes the ten-year-old injured when he jumps into the pool area.
Therefore, the injured boy's family will sue the Gregor family for not putting a fence around the pool area.
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The possible answer choices are:
A. coverage
B. negligence
C. fraud
D. consideration
Now I'm going to bring up the definition of each word, I have found the law definition for negligence
Coverage: the extent to which something deals with or applies to something else.
(The law definition) Negligence: failure to use reasonable care, resulting in damage or injury to another.
Fraud: wrongful or criminal deception intended to result in financial or personal gain.
Consideration: careful thought, typically over a period of time.
Now the choice would be B: negligence because of the event that happened.
What are the portfolio weights for a portfolio that has 185 shares of Stock A that sell for $64 per share and 115 shares of Stock B that sell for $49 per share
The portfolio weights for a portfolio that has 185 shares of Stock A that sell for $64 per share is: 0.6775; 0.3325.
Portfolio weight for each stockFirst step
Total value = 185($64) + 115($49)
Total value = $17,475
Second step
Portfolio weight for each stock is:
Portfolio weight A = 185($64)/$17,475
Portfolio weight A = .6775
Portfolio weight B = 115($49)/$17,475
Portfolio weight B = .3225
Therefore the portfolio weights for a portfolio that has 185 shares of Stock A that sell for $64 per share is: 0.6775; 0.3325.
The portfolio weights for a portfolio that has 185 shares of Stock A that sell for $64 per share is: 0.6775; 0.3325.
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If a mutual fund's portfolio is valued at $500 million while there are liabilities of $6 million, what would be the NAV if there were 30 million shares outstanding
The NAV of the mutual fund's portfolio given the value of the assets, liabilities and the shares outstanding is $16.53.
What is the NAV?
NAV means net asset value. It is the intrinsic value of a stock. NAV can be determined by dividing the differerence between assets and liabilties by the shares outstanding.
NAV = (assets - liabilities) / shares outstanding
(500 - 6) 30 = $16.53
Trade between nations can be mutually beneficial if one country has:.
Trade between nations can be mutually beneficial if one country has a comparative advantage.
What do you mean by a comparative advantage?
The model of comparative advantage is one of the basic concepts that underlies the theory of international trade and shows that countries tend to specialize in the production and export of those goods that they manufacture at a relatively lower cost than the rest of the world.
Those that are comparatively more efficient than others and that tend to import goods in which they are more inefficient and therefore produce with costs that are comparatively higher than the rest of the world.
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When a computer answers your phone call to a utility company and asks you to tell it why you are calling, that computer is using _____. natural language processing an explanation facility supervised learning a knowledge acquisition facility
A natural language is been used when a computer answers your phone call to a utility company.
What is natural language?A natural language serves as human language which could be English which us different from constructed language or machine language.
Therefore, When a computer answers your phone call to a utility company , a natural language will be used instead of machine language.
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As the GDP of a developing nation increases, ____will also increase until the nation becomes wealthy enough to have resources to address the problem. a per capita pollution b welfare c population growth d crime
Answer:
per capita pollution
Explanation:
As the GDP of a developing nation increases, per capita pollution will also increase until the nation becomes wealthy enough to have resources to address the problem. a per capita pollution b welfare c population growth d crime
The number of dependents that people are choosing to have is ?
O decreasing
O increasing
Current demographic trends show that the number of dependents that people choose to have is Decreasing.
What is the trend in dependants?A general trend that has been noticed in recent years is that people are choosing to have less dependants such as children.
The top reasons for this include more education and increased economic hardship.
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The number of shares that a corporation's incorporation document allows it to sell is referred to as
The number of shares that a corporation's incorporation document allows it to sell is referred to as authorized shares.
What is a Corporation?This refers to a business entity that has a group of members who acts together for a set goal.
Hence, we can see that when it comes to the selling of stocks by the corporation, there is a limit of shares to sell and this is known as authorized shares.
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________ have over 85% of the l,669 federally designated mental health professional shortage areas.
Answer:
rural places have over 85% of the l,669 federally designated mental health professional shortage areas.
Explanation:
James operates a monopoly hiking gear store in the woodland trails near his home in the Ozarks. He is currently producing at an output level where marginal revenue equals marginal cost. If James were to reduce his output, he:
James will need to decrease the marginal revenue to reduce his output.
What happens when marginal revenue equals marginal cost?This is known as an economic equilibrium and there is no economic profit in such equilibrium.
To incur profit now, he will have need to decrease the marginal revenue to reduce his output
Therefore, the Option B is corrrect
Missing options "will increase profits, will decrease marginal revenue, can charge a higher price."
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if a country is maintaining a healthy amount of growth, which of the following accurately describes the behavior of real GDP over time?
A) real GDP fluctuates but follows an upward-sloping trend line
B) real GDP does not fluctuate if growth is occuring
C) Real GDP fluctuates but follows a downward sloping trend line
D) real GDP fluctuates but follows a horizontal trend line
Answer:c
Explanation:
GDP measures the value of all the final products and services in terms of money. Option C) explains the behavior of GDP.
What is GDP?Gross domestic product (GDP) measures the value of all the final products and services in terms of money, produced by countries over a given time period usually a year.
The behavior of real GDP over time changes but follows a downward sloping trend line if a country is sustaining a healthy rate of growth.
Therefore option C) describe the behavior of GDP.
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In the case of a basket purchase, the cost of the land and building is ______.
The cost of the land & building is split among the assets purchased in proportion to the market value of the assets as a whole in the case of a basket purchase
What is a basket purchase?
It is called a lump sum acquisition because its involves the purchase of many assets as a group.
In this purchase, when an investor purchases an assets, it means the the investor is able to buy many assets as one group in a single transaction,
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As the marketing director for Mountaintop Ski Resort, Kimberli has lots great ideas about advertising the resort to new groups of customers. What would you tell Kimberli about the customer perspective?
The advise that would be said to Kimberli on customer perspective would be that: she raises customer expectations in order to entice new customers to the resort.
What is customer expectation?This term refers to what the customers would anticipate as they engage in interactions with a business or a company.
Customer interactions helps to know what the customers expects of a given product or a service.
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What do surge protectors help prevent in the workplace?.
Answer:
Fraying cords.
Explanation:
This damages your electronics, so a surge protector prevents it.
Janice’s grandmother stayed at home and took care of her family while her grandfather worked. today janice lives on her own and has a full time job. what factor that affects the labor market is represented in this situation? a. population shift b. social change c. world event d. government action please select the best answer from the choices provided a b c d
The scenario shown by the fact that Janice lives on her own and works full time is B. Social change.
What is a social change?This refers to when the roles assigned to different types of people, change as time goes on.
In the past, Janice's grandmother did not work and stayed home but now Janice works and stays alone.
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Answer: B. social change.
Explanation: I just did it on edge 2023.
Zachary is going to major in business. However, he has never had much interest in subjects with numbers. He would like to avoid taking any finance courses if possible. What should Zachary do
Zachary should realize that his success in business requires an understanding of financial issues and hence a major in finance and accounting is preferred.
What do you mean by major in business?The business major is for students who want more education in many business areas, with the option to become a professional.
Students will learn how different types of companies work in the domestic and global economies.
Hence, Zachary should realize that his success in business requires an understanding of financial issues, and hence a major in finance and accounting is preferred.
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One of the main advantages of convertible debt is that it is attractive to investors because ______.
The main advantages of convertible debt is that it is attractive to investors because they may be entitled to discounts on the share price.
What is convertible debt?Convertible debt refers to a loan or debt obligation in which the payment comes with equity or stocks in a company.
It is to be noted that irrespective of the company's profit, convertible bondholders receive only a fixed, limited income until conversion.
Hence, the main advantages of convertible debt is that it is attractive to investors because they may be entitled to discounts on the share price.
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To remain relevant in today’s e-commerce landscape, many businesses use progressive ________ applications to undertake m-commerce.
To remain relevant in today’s e-commerce landscape, many businesses use progressive mobile applications to undertake m-commerce.
What is e-commerce?It should be noted that e-commerce simply means the buying and selling of goods through the internet.
In this case, to remain relevant in today’s e-commerce landscape, many businesses use progressive mobile applications to undertake m-commerce.
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When managers use suppliers and manufacturers outside of the organization to provide goods or services the company previously supplied itself, it is called
The use of outside suppliers and manufacturers (vendors) to provide goods or services the company previously supplied is called outsourcing.
What is the main advantage of outsourcing?The main reason or advantage that management outsources the production of goods and services previously produced internally to vendors is to reduce costs.
Outsourcing can also help an organization benefit from costly expertise that it cannot afford to acquire internally.
Outsourcing helps an organization to:
Focus on core tasksMaintain controlPromote growthManage risksEnjoy flexibilityDevelop internal staff.Thus, the use of outside suppliers and manufacturers (vendors) to provide goods or services the company previously supplied is called outsourcing.
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Measures of Success are well-defined by a Six Sigma Team in order to satisfy: Select one: a. customers b. sponsors c. team members d. all of the above e. A and B f. B and C
Measures of Success are well-defined by a Six Sigma Team in order to satisfy are customers, sponsors, and team members. The correct option is D.
What is a six-sigma team?Stakeholders, executives, champions, and team members (yellow belts) are typically included in the formation of a Six Sigma team.
The team is led by a green belt or black belt. Master black belts, black belts, green belts, and yellow belts who assist in the management of the improvement initiative may be members at the project level.
Thus, the correct option is d. all of the above
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Kendall frequently spots issues that will affect both her team in Sacramento and their counterparts in San Bernardino. Kendall plays a ________ role by setting meetings with both teams so they can work openly and coordinate smoothly.
1Kendall frequently spots issues that will affect both her team in Sacramento and their counterparts in San Bernardino. Kendall plays a task role by setting meetings with both teams.
What is task role?These are the jobs that need you to complete tasks. The different roles are assigned to different persons by the person who is senior in the position from the starting to end of the task.
Thus, it is task role.
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Suppose a firm in a competitive market produces and sells 150 units of output and earns $1,800 in total revenue from the sales. If the firm increases its output to 200 units, the average revenue of the 200th unit will be
If the firm increases its output to 200 units, the average revenue of the 200th unit will be $12.
What is the average revenue?
Average revenue is total revenue earned from selling a good or service divided by the total number of output sold.
Average revenue = total revenue / output
$1800 / 150 = 12
Here are the options:
a. Less than $12,
b. More than $12,
c. $12,
d. Any of the above may be correct depending on the price elasticity of demand for the product.
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A written agreement with a promise to pay a supplier a specific sum of money at a definite time is a(n) ______.
Answer: Promissory note
Explanation:
Volusia, Inc. Is a U. S. -based exporting firm that expects to receive payments denominated in both euros and Canadian dollars in one month. Based on today's spot rates, the dollar value of the funds to be received is estimated at $500,000 for the euros and $300,000 for the Canadian dollars. Based on data for the last fifty months, Volusia estimates the standard deviation of monthly percentage changes to be 8 percent for the euro and 3 percent for the Canadian dollar. The correlation coefficient between the euro and the Canadian dollar is 0. 30. What is the portfolio standard deviation
From the details that are contained in the question, the portfolio standard deviation is 0.0544 or 5.44%
How to solve for the portfolio standard deviationw1 = weight of euros 1 = 500000/800000
w2 = weight of canadian dollars = 300000/800000
Standard deviation 1 = 8%
Standard deviation 2 = 3%
Correlation coefficient = 0.30
(w1*σ1)² + (w2*σ2)² + (2* w1*σ1* w2*σ2 * 0.30)^0.5
[tex]((0.625*0.08)^{2} +(0.375*0.03)^{2} +(2*0.625*0.08*0.375*0.03*0.3)^0^.^5\\\\= 0.0544[/tex]
Therefore the portfolio standard deviation is given as 0.0544 or 5.44%
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1. What is the effect on the Cash account when a company sells merchandise, but allows the customer to pay later?
In the 1970s, Kodak dominated the film-based photography market until Polaroid introduced instant photography. Polaroid is an example of Multiple Choice offshore suppliers. disruptive innovation. inertia. artificial intelligence.
The introduction of instant photography into her business makes Polaroid an example of disruptive innovation.
What is disruptive innovation?Disruptive innovation serves as a kind of innovation which creates a new market and value network .
This value is usually created into the bottom of an existing market.
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