The statement "A contract to sell pry bars (used to open locked doors) and screwdrivers to a buyer who intends to use them as burglar's tools will not be void as illegal in State X even if the seller knows of the buyer's unlawful intention before the sale." is true.
In State X, the sale of pry bars and screwdrivers is legal, regardless of the buyer's intention to use them as burglar's tools. Therefore, the contract to sell these items is not void as illegal, even if the seller is aware of the buyer's unlawful intention.
However, if the seller actively participates in or encourages the buyer's illegal activities, they may still be held liable. It is important for sellers to be cautious and not knowingly contribute to illegal activities, but they are not responsible for the actions of the buyer once the sale is complete.
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What amount of "expenses" will appear in the consolidated income statement for the year ending December 31, 2019? A. $1,800,000 B. $1,956,000 C. $1,975,200 D. $1,965,600
Answer:
D
Explanation:
For the financial statements enclosed, list three potential red flags that an auditor should inquire further about. Do not simply list three accounts; provide a one-sentence explanation of why you suspect error or earnings management.
The list of three accounts are Financial statements , Potential, Accounts.
Based on your request, here's an answer that includes the requested terms:
1. Financial statements: A potential red flag could be a sudden and unexplained increase in revenue, which may indicate possible earnings management or manipulation to boost the company's financial performance.
2. Potential: A large discrepancy between the cash flow from operations and net income could be a potential concern, as this may suggest that the company's earnings are not generated from its core operations and may warrant further investigation by the auditor.
3. Accounts: If there are significant changes in accounts receivable without a corresponding increase in sales, this could signal issues with the company's credit control and collection processes, or even potential revenue recognition fraud.
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In its 2019 annual report, Marin, Inc. reported inventory of $642 million on January 31, 2020, and $558 million on January 31, 2019, cost of goods sold of $5,914 million for the year, and net sales of $7,328 million for the year.
ComputeMarins’s inventory turnover for the fiscal year 2019. (Round answer to 2 decimal places, e.g. 7.62.)
Inventory turnover
Compute Marin’s average days to sell inventory for the fiscal year 2019. (Round answer to 2 decimal place, e.g. 7.65. Use 365 days for calculation.)
Average days to sell Inv.
To calculate Marin's inventory turnover for the fiscal year 2019, use the formula:
Inventory Turnover = Cost of Goods Sold / Average Inventory
First, calculate the average inventory:
Average Inventory = (Beginning Inventory + Ending Inventory) / 2
Average Inventory = ($558 million + $642 million) / 2
Average Inventory = $600 million
Now, calculate the inventory turnover:
Inventory Turnover = $5,914 million / $600 million
Inventory Turnover = 9.86 (rounded to 2 decimal places)
To calculate Marin's average days to sell inventory for the fiscal year 2019, use the formula:
Average Days to Sell Inventory = 365 / Inventory Turnover
Average Days to Sell Inventory = 365 / 9.86
Average Days to Sell Inventory = 37.02 (rounded to 2 decimal places)
So, Marin's inventory turnover for the fiscal year 2019 is 9.86, and its average days to sell inventory is 37.02 days.
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To calculate Marin's inventory turnover for the fiscal year 2019, use the formula:
Inventory Turnover = Cost of Goods Sold / Average Inventory
First, calculate the average inventory:
Average Inventory = (Beginning Inventory + Ending Inventory) / 2
Average Inventory = ($558 million + $642 million) / 2
Average Inventory = $600 million
Now, calculate the inventory turnover:
Inventory Turnover = $5,914 million / $600 million
Inventory Turnover = 9.86 (rounded to 2 decimal places)
To calculate Marin's average days to sell inventory for the fiscal year 2019, use the formula:
Average Days to Sell Inventory = 365 / Inventory Turnover
Average Days to Sell Inventory = 365 / 9.86
Average Days to Sell Inventory = 37.02 (rounded to 2 decimal places)
So, Marin's inventory turnover for the fiscal year 2019 is 9.86, and its average days to sell inventory is 37.02 days.
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a subway patron dropped their smartphone on to the train tracks, jumped down to get it, and returned to the platform safely. how would the patron express outcome bias?
a. "It was a bad decision because the econocnic value of the phone was less than the economic value of my life "
b. "It was a bad decision because I was ovorconsident in my ability to get the smart phone salely" c. "It was a bad decision because the risk of harm was too great." d. "It was a good decision because I got the smartphone without geting hurt"
Option B: "It was a bad decision because I was overconfident in my ability to get the smartphone safely" is an expression of outcome bias.
Option B: "It was a bad decision because I was overconfident in my ability to get the smartphone safely" is an expression of outcome bias. This is because the patron is judging the decision based on the outcome (returning safely) rather than the actual decision-making process that led to the risky behavior. Despite the positive outcome, the decision to jump onto the tracks was still a risky and dangerous one. By acknowledging this, the patron is recognizing the potential consequences of their actions and how they could have been different. Additionally, the economic value of the phone may have been a motivating factor in the decision to take such a risk, but the patron recognizes that this should not have outweighed their personal safety.
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The _________ of a population is a measure of the population's dispersion and is equal to the square of the population's standard deviation.
a. variance
b. error
c. deviation
d. Gantt
The answer is A) variance.The _________ of a population is a measure of the population's dispersion and is equal to the square of the population's standard deviation.
In statistics, the variance is a measure of how spread out a set of data is. Specifically, it measures the average squared deviation of each number in the data set from the mean of the set. The variance is calculated by taking the sum of the squared differences between each data point and the mean, dividing that sum by the number of data points, and then taking the square root of the result to get the standard deviation.
The variance is often used to describe the dispersion of a population or sample. A larger variance indicates that the data points are more spread out from the mean, while a smaller variance indicates that the data points are closer to the mean.
In the given question, the variance is defined as a measure of the population's dispersion and is equal to the square of the population's standard deviation. Therefore, the correct answer is A) variance.
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In the procure-to-pay process, the negotiation of price and terms is followed by ________.
In the procure-to-pay process, the negotiation of price and terms is followed by the creation of a purchase order.
A purchase order is a formal document sent by the buyer to the supplier that confirms the items to be purchased, the quantity, the agreed-upon price, and the delivery date. The PO serves as a legally binding contract between the buyer and the supplier, outlining the terms and conditions of the purchase.
Once the supplier receives the PO, they will typically acknowledge receipt and confirm the order details. This confirmation can be done either by sending a formal acknowledgment or simply by beginning work on the order.
After the goods or services are received, the supplier will send an invoice to the buyer, requesting payment for the goods or services rendered. The invoice should match the details outlined in the PO, and any discrepancies should be addressed and resolved before payment is made.
Once the invoice is verified, approved, and processed, payment can be made to the supplier, and the transaction is complete. Receiving and inspection of goods or services, and ultimately, payment to the supplier.
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The Big Box Corporation produced and sold 500 units of output. The average cost of production per unit was $50. Each unit sold for a price of $65. The Big Box Corporation's total profit is what? How did you get your answer?
a. $7,500
b. $25,000
c. $32,500
d. $67,500
the Big Box Corporation's total profit is $7,500. The correct answer is (a) $7,500.
To calculate the total profit, we need to subtract the total cost of production from the total revenue earned from selling the 500 units.
Total revenue = Price per unit x Number of units sold = $65 x 500 = $32,500
Total cost of production = Average cost per unit x Number of units produced = $50 x 500 = $25,000
Total profit = Total revenue - Total cost of production = $32,500 - $25,000 = $7,500
Therefore, the Big Box Corporation's total profit is $32,500, and the correct answer is c.
Hi, I'd be happy to help with your question. The Big Box Corporation's total profit can be calculated using the given terms.
To find the total profit, you need to calculate the total revenue and total cost, and then subtract the total cost from the total revenue.
1. Calculate total revenue: 500 units × $65 per unit = $32,500
2. Calculate total cost: 500 units × $50 per unit = $25,000
3. Calculate total profit: Total revenue - Total cost = $32,500 - $25,000 = $7,500
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Your answer is partially correct. The following are three business transactions. For each column, indicate whether the transactions increased, decreased, or had no effect on assets, liabilities, and owner's equity. Assets Liabilities Owner's Equity (a) Purchased supplies on account. Increased Increased Decreased (b) Received cash for performing a service. Increased No Effect V Increased (c) Pald expenses in cash. Decreased No Effect Increased CARTURI An analysis of the transactions made by Ivanhoe & Co. a certified public accounting firm, for the month of August is shown to ows The expenses were $550 for rent. 54.600 for salaries and wages, and $420 for utilities Accounts Accounts Owner's Owners Cash • Receivable Supplies - Equipment Payable - Capital Drawings Reven 1 $15.800 *$15.000 2 - 1.900 .$5.300 $3.400 3. -700 -5700 4 -90 55.700 *3.300 5 -1.700 -1.700 -51.200 6 -1.200 7. -550 B -450 4450 9 4600 10
Regarding the transactions for Ivanhoe & Co. in August:
(a) Purchasing supplies on account would increase both the assets (Supplies) and the liabilities (Accounts Payable) of the company, while having no effect on owner's equity.
(b) Receiving cash for performing a service would increase both assets (Cash) and owner's equity (Revenue), while having no effect on liabilities.
(c) Paying expenses in cash would decrease assets (Cash), have no effect on liabilities, and increase owner's equity (Expenses).
Looking at the table provided, it appears that the company started the month with $15,800 in cash, $15,000 in accounts receivable, $2,900 in supplies, $5,300 in equipment, $3,400 in accounts payable, and $3,300 in owner's capital. Throughout the month, they incurred $550 in rent expenses, $4,600 in salaries and wages expenses, and $420 in utilities expenses, all of which decreased their cash balance. They also had a decrease in accounts payable of $90, likely due to paying off some of the balance. They recorded $1,700 in drawings, which would decrease their owner's equity. There were no changes in the balances of accounts receivable, supplies, equipment, or owner's capital.
(a) Purchased supplies on account: This transaction increases assets (supplies) and increases liabilities (accounts payable). There is no effect on owner's equity.
(b) Received cash for performing a service: This transaction increases assets (cash) and increases owner's equity (revenue). There is no effect on liabilities.
(c) Paid expenses in cash: This transaction decreases assets (cash) and decreases owner's equity (expenses). There is no effect on liabilities.
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You expect GameStop stock price to drop drastically. You do not own the stock. You should:Group of answer choicesEnter a sell orderEnter a sell limit o Enter a sell limit order at a price below the current market bidrder at a price below the current market bidEnter a buy limit order at a price above the current market bidNone of the above
This allows you to potentially profit from the anticipated price decrease by selling borrowed shares and buying them back later at a lower price.
If you expect GameStop's stock price to drop drastically and you do not own the stock, you should consider entering a sell limit order at a price below the current market bid. This allows you to potentially profit from the anticipated price decrease by selling borrowed shares and buying them back later at a lower price.
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The PAR: Special Promotions is used for all "off cycle" promotions. (True or False)
The statement given in the question "The PAR: Special Promotions is used for all 'off cycle' promotions" is True.
PAR, or Performance Appraisal Review, is a system that evaluates employee performance. Typically, promotions occur during specific times or "cycles" within an organization. However, sometimes employees demonstrate exceptional performance or take on additional responsibilities that warrant a promotion outside of the standard cycle.
In such cases, organizations use the PAR: Special Promotions to recognize and reward these deserving employees. This process allows companies to maintain fairness and consistency when addressing performance-based advancements, ensuring that exceptional contributions are acknowledged and rewarded regardless of when they occur.
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Which of these best describe the space between the team and its external forces, stakeholders, and pressures? O Ground rules O Structiral interventions O Paradox O Team's boundries O Mining
The term that best describes the space between a team and its external forces, stakeholders, and pressures is "Team's Boundaries." The correct option is d) Team's boundries .
This concept represents the dividing line between the internal dynamics of a team and the external influences it encounters. It defines the extent of the team's responsibilities and interactions with other entities, such as stakeholders and the broader organizational context.
Team boundaries help manage the impact of external forces on the team's performance and ensure that the team remains focused on its core objectives. They also facilitate a clear understanding of the roles and responsibilities of team members, which is crucial for effective collaboration and decision-making.
In some cases, teams may need to establish ground rules to define their boundaries and determine how they will engage with external forces. These rules can help manage expectations, maintain professionalism, and promote open communication.
Structural interventions, such as reorganizing team composition or introducing new policies, can also impact a team's boundaries. These changes may require a team to adapt its strategies, responsibilities, or interactions with external forces.
Paradox and mining, although not directly related to the concept of team boundaries, can still be relevant in understanding team dynamics. A paradox may arise when a team encounters contradictory demands or goals, while mining refers to the process of uncovering and addressing underlying issues that could hinder team performance.
In summary, team boundaries best describe the space between a team and its external forces, stakeholders, and pressures. Establishing clear boundaries helps a team effectively manage these external influences, ensuring the team stays focused on its core objectives and maintains effective collaboration. Therefore, The correct option is d) Team's boundries
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complete question
Which of these best describe the space between the team and its external forces, stakeholders, and pressures? a) Ground rules b) Structiral interventions c) Paradox d) Team's boundries e) Mining.
2. what type of real estate development includes a variety of land uses such as single family homes, rentals, retail, and recreational space?
A self-contained community including single-family houses, rentals, shops, and recreational space is known as a mixed-use development. It is intended to foster both economic growth and good quality of life.
Mixed-use development is a style of real estate construction that combines a range of land uses, including single-family houses, rentals, shops, and recreational areas. The goal of mixed-use complexes is to provide a self-sufficient neighbourhood where people can live, work, and play without having to drive far.
Commonly, these complexes include commercial, residential, and recreational spaces as well as community features like parks and walkways. A lively and sustainable community that offers a high quality of life for its citizens while simultaneously fostering local economic growth and activity is what mixed-use development aims to build.
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The Award Recommendation must be in this status before it can be Revoked/Amended?
The Award Recommendation must be in an "Approved" status before it can be revoked or amended. .
This means that the recommendation has gone through the necessary approval process and has been officially recognized as a valid recommendation. Once the recommendation has been approved, it can still be revoked or amended if there is a valid reason to do so, such as if new information comes to light that changes the circumstances of the recommendation.
However, the process for revoking or amending an approved recommendation may be more complex and involve additional steps, such as obtaining approval from higher-level authorities or notifying the recipient of the award. It is important to carefully consider the implications of revoking or amending an award recommendation before taking any action.
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the substitution effect can be measured holding ________ constant. a. utility incomeb. the price of one goodc. the price of all goods
Utility is not held constant in this measurement because the substitution effect is focused on changes in the relative prices of goods, not changes in the level of satisfaction or utility derived from consuming those goods.
The substitution effect can be measured holding the price of one good constant. This means that the effect of a change in the price of one good on the quantity demanded of that good can be analyzed without changes in other factors such as income or the prices of other goods affecting the results. Utility is not held constant in this measurement because the substitution effect is focused on changes in the relative prices of goods, not changes in the level of satisfaction or utility derived from consuming those goods.
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1. direct materials purchases totaled $586,000. coronado corp tracks its direct materials separately from its indirect materials. purchases were made on account.
The amount of direct materials purchases for Coronado Corp is $586,000.
Direct materials are those materials that are used to make the final product. In this case, Coronado Corp tracks their direct materials separately from their indirect materials, which means that the $586,000 represents only the purchases of materials that are directly used in the production process.
The fact that purchases were made on account indicates that the company did not pay cash for these materials at the time of purchase but rather will pay at a later date. This information is important for budgeting and planning purposes as it helps the company understand their current expenses and liabilities.
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Please HELPP I HAVE SO MUCH MORE STUFF TO DO please
answer ASAP ITS FOR TOMORROW TAKE YOUR TIME BUT PLIZ SUMMIT TODAY.
All of the following are true about Lean Six Sigma, except A. Both lean and Six Sigma production se bave root cas, process, and data analysis techniques B. Both lean and six Sigma production attack the same type of probione C. Lean tools are more intuitive and easier to apply by anybody in the workplace D. Lean Six Sigma often is an important part of implementing a strategy bullt upon sustainability
Muda, which means "uselessness," is the Japanese term for waste. Reduced Muda and improved quality control are goals of lean tools. To put it another way, Lean tools aim to cut out ineffective processes.
Between Lean and Six Sigma, which of the following is shared?In order to reduce waste and maximise system efficiency, both Lean and Six Sigma work towards the same end result.
What statement about Six Sigma is accurate?Six sigma does, in fact, reveal the frequency with which process flaws are expected to manifest themselves. For continual improvement, the six sigma method is applied. To minimise flaws, it is utilised to ascertain their frequency of occurrence and count.
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Cindy verbally told a number of lies about Beyhanna, a diva recording star. These lies included that she was regularly using illegal drugs. One of the people Cindy told the lies to, Ramone, worked for Beyhanna’s record label and Ramone went straight to the president of the record label and verbally told him about the drug use story that he had heard. While Cindy’s stories were lies, they sounded compelling to Ramone and would have convinced the average reasonable person of their truthfulness. Beyhanna was fired by the record label as a direct result of the lies and lost out on a recording contract worth $5 million. If Beyhanna sues Ramone for defamation, what result?
Multiple Choice
Beyhanna should win because this was an untrue statement that was disseminated and did her damages.
Beyhanna should not win because this was not literally published, it was only spoken by Ramone and Cindy, thus it does not give rise to a claim for damages.
Beyhanna should not win because Ramone has immunity from a defamation claim because she is employed by the organization that fired Beyhanna.
Beyhanna should not win because Ramone did not act with malice, an essential element of a defamation claim against a public figure.
Beyhanna should win because this was an untrue statement that was disseminated and did her damages.Beyhanna should not win because Ramone has immunity from a defamation claim because she is employed by the organization that fired Beyhanna.
Cindy verbally told a number of lies about Beyhanna, a diva recording star. These lies included that she was regularly using illegal drugs. One of the people Cindy told the lies to, Ramone, worked for Beyhanna's record label and Ramone went straight to the president of the record label and verbally told him about the drug use story that he had heard. While Cindy's stories were lies, they sounded compelling to Ramone and would have convinced the average reasonable person of their truthfulness. Beyhanna was fired by the record label as a direct result of the lies and lost out on a recording contract worth $5 million. If Beyhanna sues Ramone for defamation Beyhanna should not win because Ramone did not act with malice, an essential element of a defamation claim against a public figure. Beyhanna should not win because this was not literally published, it was only spoken by Ramone and Cindy, thus it does not give rise to a claim for damages. Beyhanna should win because this was an untrue statement that was disseminated and did her damages.
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The federal government, through its control over the American Medical Association, held the physician supply constant for most of the 20th century. True or false?
True. The federal government did indeed hold the physician supply constant for most of the 20th century by controlling the American Medical Association (AMA). So the answer is: True.
The AMA was the primary organization responsible for accrediting medical schools and setting standards for medical education in the United States. This gave the federal government considerable control over the number of physicians entering the workforce.
From the early 1900s until the mid-1960s, the AMA enforced strict limits on the number of medical students admitted to U.S. medical schools. These limits were put in place to maintain high standards of medical education and to prevent a glut of doctors in the market. This was known as the "physician shortage" policy, and it kept physician supply artificially low.
However, in the mid-1960s, the federal government began to relax its control over the AMA, and the physician shortage policy was abandoned. This led to a dramatic increase in the number of doctors in the U.S. workforce, which helped to improve access to healthcare for many Americans. Therefore, the answer is true.
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True. The federal government did indeed hold the physician supply constant for most of the 20th century by controlling the American Medical Association (AMA). So the answer is: True.
The AMA was the primary organization responsible for accrediting medical schools and setting standards for medical education in the United States. This gave the federal government considerable control over the number of physicians entering the workforce.
From the early 1900s until the mid-1960s, the AMA enforced strict limits on the number of medical students admitted to U.S. medical schools. These limits were put in place to maintain high standards of medical education and to prevent a glut of doctors in the market. This was known as the "physician shortage" policy, and it kept physician supply artificially low.
However, in the mid-1960s, the federal government began to relax its control over the AMA, and the physician shortage policy was abandoned. This led to a dramatic increase in the number of doctors in the U.S. workforce, which helped to improve access to healthcare for many Americans. Therefore, the answer is true.
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"I learn from my mistakes" and "I'm not perfect, but I stick to my values" are examples of Multiple Choice self-motivation self-awareness self-compassion self-affirmations
"I learn from my mistakes" and "I'm not perfect, but I stick to my values" are examples of Multiple Choice self-motivation self-awareness self-compassion self-affirmations
What is Affirmations?
Affirmations are positive statements or phrases that are used to encourage and motivate oneself. They are typically used to reinforce positive thoughts, beliefs, and attitudes, and can be used to counteract negative self-talk or limiting beliefs.
Self-awareness refers to the ability to recognize and understand one's own emotions, thoughts, and behaviors. In the given statements, the person is acknowledging their imperfections and mistakes, which shows self-awareness.
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A consumer has quasilinear preferences and his Walrasian demand function for a good is x*(p) = 15 -p/2 This consumer is currently consuming 10 units of the good at a price of $10 (a unit). (1) How much money would he be willing to pay to have this amount rather than no units at all? What is his level of (net) consumer surplus? (2) The only supplier of the good decides to raise the price from $10 to $14. What is the change in consumer's surplus?
(1) The consumer would be willing to pay $175 to have 10 units of the good rather than no units at all and the level of (net) consumer surplus is $75. (2) The consumer's surplus decreases by $13 when the supplier raises the price from $10 to $14.
(1) To calculate how much money the consumer would be willing to pay to have 10 units of the good rather than no units at all, we can use the following formula:
Willingness to pay = ∫[0,x*($10)](15 - p/2) dp
Willingness to pay = [15p - p[tex]^{2/4}[/tex]] from 0 to 20
Willingness to pay = $175
Therefore, the consumer would be willing to pay $175.
To calculate the level of (net) consumer surplus, we can use the following formula:
Consumer surplus = ∫[0,x*($10)](15 - p/2 - $10) dp
Consumer surplus = [$5p - p[tex]^{2/4}[/tex] - $100] from 0 to 20
Consumer surplus = $200 - $100 - $25
Consumer surplus = $75
(2) When the supplier raises the price from $10 to $14, the consumer's Walrasian demand function changes to x*($14) = 9. This means that the consumer will now purchase 9 units of the good at the new price of $14.
To calculate the change in consumer surplus, we need to calculate the areas of the two consumer surplus triangles: one for the original price of $10 and the other for the new price of $14.
For the original price of $10:
Consumer surplus = ($10 - $0) x 10/2
Consumer surplus = $50
For the new price of $14:
Consumer surplus = ($14 - $0) x 9/2
Consumer surplus = $63
Therefore, the change in consumer surplus is:
Change in consumer surplus = New consumer surplus - Old consumer surplus
Change in consumer surplus = $63 - $50
Change in consumer surplus = $13. So the consumer's surplus decreases by $13.
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(1) The consumer would be willing to pay $175 to have 10 units of the good rather than no units at all and the level of (net) consumer surplus is $75. (2) The consumer's surplus decreases by $13 when the supplier raises the price from $10 to $14.
(1) To calculate how much money the consumer would be willing to pay to have 10 units of the good rather than no units at all, we can use the following formula:
Willingness to pay = ∫[0,x*($10)](15 - p/2) dp
Willingness to pay = [15p - p[tex]^{2/4}[/tex]] from 0 to 20
Willingness to pay = $175
Therefore, the consumer would be willing to pay $175.
To calculate the level of (net) consumer surplus, we can use the following formula:
Consumer surplus = ∫[0,x*($10)](15 - p/2 - $10) dp
Consumer surplus = [$5p - p[tex]^{2/4}[/tex] - $100] from 0 to 20
Consumer surplus = $200 - $100 - $25
Consumer surplus = $75
(2) When the supplier raises the price from $10 to $14, the consumer's Walrasian demand function changes to x*($14) = 9. This means that the consumer will now purchase 9 units of the good at the new price of $14.
To calculate the change in consumer surplus, we need to calculate the areas of the two consumer surplus triangles: one for the original price of $10 and the other for the new price of $14.
For the original price of $10:
Consumer surplus = ($10 - $0) x 10/2
Consumer surplus = $50
For the new price of $14:
Consumer surplus = ($14 - $0) x 9/2
Consumer surplus = $63
Therefore, the change in consumer surplus is:
Change in consumer surplus = New consumer surplus - Old consumer surplus
Change in consumer surplus = $63 - $50
Change in consumer surplus = $13. So the consumer's surplus decreases by $13.
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Waterway Inc. uses LIFO inventory costing. At January 1, 2020, inventory was $216,014at both cost and market value. At December 31, 2020, the inventory was $283,252at cost and $262,660at market value. Use an allowance account. Prepare the necessary December 31 entry under (a) the cost-of-goods-sold method (b) Loss method.
Let's prepare the necessary journal entries for Waterway Inc. using LIFO inventory costing under the cost-of-goods-sold method (a) and the loss method (b).
(a) Cost-of-Goods-Sold Method
Step 1: Calculate the inventory decrease at market value.
Inventory decrease = Beginning market value - Ending market value
Inventory decrease = $216,014 - $262,660 = -$46,646
Since the inventory value has increased instead of decreased, there is no need to create an allowance or record a journal entry under the cost-of-goods-sold method.
(b) Loss Method
Step 1: Calculate the inventory decrease at cost.
Inventory decrease = Beginning cost - Ending cost
Inventory decrease = $216,014 - $283,252 = -$67,238
Step 2: Calculate the required allowance.
Required allowance = Inventory decrease at cost - Inventory decrease at market value
Required allowance = -$67,238 - (-$46,646) = -$20,592
Step 3: Record the journal entry.
Since the required allowance is a negative value, it indicates a loss. Therefore, the journal entry would be:
Loss on Inventory Decline (Debit) = $20,592
Allowance to Reduce Inventory to Market (Credit) = $20,592
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one way to measure hrm effectiveness is to use hr analytics to measure a program's success in terms of whether it achieved its objectives and whether it delivered value in an economic sense, true or false?
True, one way to measure HRM effectiveness is to use HR analytics to measure a program's success in terms of whether it achieved its objectives and whether it delivered value in an economic sense.
HR analytics is a data-driven approach to managing human resources, which involves analyzing large amounts of data to uncover trends, patterns, and insights that can be used to inform decision-making. This can help organizations improve various aspects of HRM, such as recruitment, training, and performance management.
Measuring a program's success involves evaluating whether it achieved its stated objectives, such as reducing employee turnover or increasing productivity. This can be done by comparing the outcomes of the program to the desired outcomes and identifying any gaps.
In addition, assessing the value delivered by a program in an economic sense involves calculating the return on investment (ROI) of the program. This is done by comparing the costs of implementing the program to the financial benefits it generates, such as increased revenue or cost savings.
By using HR analytics to measure both the achievement of objectives and the economic value delivered, organizations can effectively evaluate the success of their HRM programs and identify areas for improvement. This ultimately leads to better decision-making and a more efficient allocation of resources, contributing to the overall success of the organization.
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When an activity has two precedent activities, its early start time is equal to:
a)The later of the two precedent activities’ "Early Start" times
b)The activity’s start time minus its duration
c)The earlier of the two precedent activities’ "Early Finish" times
d)The later of the two precedent activities’ "Early Finish" times
In project management, the early start time of an activity refers to the earliest possible time that an activity can begin, assuming all of its preceding activities are completed as early as possible. If an activity has two precedent activities, its early start time is determined by the latest start time of the two activities.
Therefore, the correct answer is (a) The later of the two precedent activities’ "Early Start" times.
The reason behind this is that the activity cannot start until both of its preceding activities have been completed. Hence, the activity’s early start time will be the maximum of the two preceding activities’ early start times. It is essential to determine the earliest possible time an activity can start to ensure that the entire project finishes on time.
On the other hand, option (b) is incorrect because subtracting the activity’s duration from its start time would result in the activity’s late start time rather than its early start time. Similarly, option (c) is incorrect because the early finish time of an activity is the earliest possible time that an activity can be completed, not its start time. Option (d) is also incorrect because the latest of the two precedent activities’ early finish times would be the late start time of the activity, not its early start time.
In summary, the early start time of an activity that has two precedent activities is the later of the two precedent activities’ early start times.
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Which of the following is not one of the 3 major ways to save for retirement
that were discussed in class?
O a. Saving and investing throughout your life
O b. Getting paid via benefits from social security
O d. Liquidating the majority of your assets into cash
O c. Leveraging benefits from your previous job
The option that is not one of the 3 major ways to save for retirement discussed in class is option
(d) liquidating the majority of your assets into cash.
What is a better way to save for retirementThis is not a sustainable strategy for retirement savings as it involves selling off assets that could potentially generate income and growth over time.
The three major ways to save for retirement are:
a. Saving and investing throughout your lifeb. Getting paid via benefits from social securityc. Leveraging benefits from your previous job (such as a pension plan or 401(k))Learn more about retirement savings at
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A firm is considering two alternatives that have no salvage value. At the end of 4 years, another B may be purchased with the same cost, benefits, and so forth. Construct a choice table for interest rates from 0% to 100%. If the MARR is 10%, which alternative should be selected?
To provide a helpful answer, I need more information about the two alternatives being considered by the firm, such as their initial costs and the annual benefits they provide. However, I can still explain the general approach to solve this problem.
1. Create a choice table with rows representing interest rates from 0% to 100% and columns representing the two alternatives being considered.
2. For each alternative, calculate the present worth of the costs and benefits at each interest rate, taking into account that there's no salvage value and another unit may be purchased after 4 years with the same cost and benefits.
3. Calculate the net present worth (NPW) for each alternative at each interest rate by subtracting the present worth of costs from the present worth of benefits.
4. Compare the NPWs of the two alternatives at the MARR of 10% and select the alternative with the higher NPW.
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You notice that Excel is running slowly while you are working with data models. What does this tell you?
Select an answer:
You should end the session, and then return to your work.
You should close other workbooks and applications.
You are not saving your work frequently enough.
You have not set up a backup version of your files.
You remove a conditional column in Query Editor from your data set. However, now you see that the Close and Load To button is grayed out. Why is this?
Select an answer:
The query was already loaded to the data model, as you wanted, and not to a worksheet.
You have to select Save before you can use Close and Load To for your change.
The query was already loaded to a worksheet, which is where you set it up to load.
Query Editor is not the right place to make the change that you made.
Closing other workbooks and programs is a good idea. As you requested, the query was already loaded to the data model rather than a spreadsheet.
In SQL, how do you append a query?Click Design View after clicking View in the View group under the Home tab. On the Design tab, under the Query Type group, click Append. . The dialog window for appending appears. The next step is to choose whether to append records to the current database's tables or tables in another database.
In SQL, can we add two tables?When adding data, SQL has stringent guidelines: There must be an equal number of columns in each tables. The columns must have the same data types in the first table's arrangement.
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Closing other workbooks and programs is a good idea. As you requested, the query was already loaded to the data model rather than a spreadsheet.
In SQL, how do you append a query?Click Design View after clicking View in the View group under the Home tab. On the Design tab, under the Query Type group, click Append. . The dialog window for appending appears. The next step is to choose whether to append records to the current database's tables or tables in another database.
In SQL, can we add two tables?When adding data, SQL has stringent guidelines: There must be an equal number of columns in each tables. The columns must have the same data types in the first table's arrangement.
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for cullumber company, actual sales are $840,000, and break-even sales are $655,200.a. compute the margin of safety in dollars.b. compute the margin of safety in ratio
Answer:
a. Margin of Safety in Dollars:
Margin of Safety is the difference between actual sales and break-even sales. It represents the amount by which actual sales can decline before the company starts incurring losses.
Margin of Safety = Actual Sales - Break-even Sales
Margin of Safety = $840,000 - $655,200
b. Margin of Safety in Ratio:
Margin of Safety Ratio is the ratio of Margin of Safety to Actual Sales. It represents the proportion of actual sales that exceeds the break-even sales.
Margin of Safety Ratio = (Actual Sales - Break-even Sales) / Actual Sales
Margin of Safety Ratio = ($840,000 - $655,200) / $840,000
After calculating the above expressions, we will get the margin of safety in dollars and the margin of safety in ratio for Cullumber Company.
Explanation:
Firms in long-run equilibrium in a perfectly competitive industry will produce at the low points of their average total cost curves because
a. free entry implies that long-run profits will be zero no matter how much each firm produces
b. firms seek maximum profits and to do so they must choose to produce where average costs are minimized
c. firms maximize profits and free entry implies that maximum profits will be zero
d. firms in the industry desire to operate efficiently
Because they want to maximise profits, firms approaching long-run equilibrium in a completely competitive industry will prefer to produce wherever average costs are reduced. (option b)
What do you mean by competitive industry ?As a result, they will accomplish this at the low points of their overall average costs curves. This is so that buyers have many options and are free to switch between different companies if they believe that firm is asking an excessive price.
In a completely competitive market, there are numerous firms providing comparable items. Hence, in order for businesses to be profitable and competitive, they must keep their pricing low keeping their costs to a minimum. Throughout time, businesses will modify their output and investment levels until they hit their lowest point.
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amazon uses searches and items purchased to create future product marketing recommendations. additionally, demographics drive additional potential products to be recommended. to do this, what type of market basket analysis is used?
Amazon uses a type of market basket analysis called collaborative filtering to create future product marketing recommendations.
Collaborative filtering is a technique that examines the purchasing behaviors and preferences of a group of users to recommend products to a specific user based on their similarities to other users.
When a user searches for or purchases an item on Amazon, the platform uses collaborative filtering to find patterns in the behavior of similar users. For example, if a user searches for a new camera, Amazon may recommend related products such as lenses, memory cards, and camera bags. Additionally, Amazon's algorithm takes into account the user's demographics, such as age, gender, and location, to recommend products that may be of interest to them.
The effectiveness of collaborative filtering relies on having a large dataset of user behavior. Amazon is able to leverage its vast customer base and their purchasing histories to provide highly personalized product recommendations. This type of analysis not only benefits the customer by providing tailored recommendations, but it also benefits Amazon by increasing customer satisfaction and potentially driving additional sales.
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