As Elisa gets ready to open her new business, she has identified the tasks that need to be accomplished and has assigned employees to each task. This illustrates Division of labor.
What does the term "divide of labor" mean?Division of labor is the process of breaking down a work process into a number of tasks, each of which is carried out by a different person or group of people. It is one of the fundamental organizational principles of the assembly line and is most frequently used in mass production systems.
What is a good example of the division of labor?Food collecting is a fairly simple illustration of the division of labor. Men would hunt in early societies, while women and children would prepare the food and gather berries. The concept was that it was a relatively straightforward division of labor to allow for the greatest use of various skill sets.
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Which of the following is NOT a problem caused by monopolies?
Select one:
Low quality
Fewer new products
Poor customer service
More competition
Answer:
Poor customer service
Explanation:
Poor customer service
A problem that is not caused by monopolies is More competition.Thus the correct answer is D.
What is a monopoly?A monopoly refers to a situation when the market of particular goods and services is captured by a single entity or owner and restricts entry by controlling the activities.
They aim at limiting the amount produced for the market, which leads to charging more. This results in cutting back on economic welfare and consumer surplus.
As they are the single seller in the market which shows that there is no competition in the market, who challenges them. The problem of more competition is not caused by monopoly.
Therefore, Option D is appropriate.
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Given a fixed level of sales and a constant profit margin, an increase in the accounts payable period can result from: an increase in the cash cycle. a decrease in the operating cycle. an increase in the ending accounts payable balance. an increase in the cost of goods sold account value. a decrease in the average accounts payable balance.
an increase in the ending accounts payable balance.
How is the balance of accounts payable determined?The amount that flows to the accounts payable balance on the business's current period balance sheet is represented by the ending balance in the accounts payable (A/P) roll-forward schedule.On a company's balance sheet, accounts payable are listed. Given that it is money owing to creditors and appears on the balance sheet under current liabilities, accounts payable is a liability. Current liabilities are a company's short-term debts, usually lasting less than three months.What Does an Accounts Payable Expense Example Look Like?Logistics and transport.Rough MaterialsFuel, power, and energy.Products and apparatus.Leasing.Licensing.Assembly and subcontracting serviceslearn more about ending accounts payable balance here
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The UCC rule that says that a merchant who offers to buy, sell, or lease goods and gives a written and signed assurance on a separate form that the offer will be held open cannot revoke the offer for the time stated or, if no time is stated, for a reasonable time is referred to as the ______
The UCC rule says that a merchant who offers to buy, sell, or lease goods and gives a written and signed assurance on a separate form that the offer will be held open cannot revoke the offer for the time stated or if no time is stated, for a reasonable time is referred to as the Firm Offer Rule.
A Firm Offer: What Is It?When goods are sold, a firm offer is deemed to have been made when a guarantee to keep the offer open has been signed and the selling merchant meets the requirements for a merchant under the Uniform Commercial Code. Customers frequently ask for a definite offer so they can be certain of their cost over a predetermined period of time. A lot of retailers also request definite offers from their suppliers. Firm offers have a number of benefits, but there is a chance that things could change and the original offer would no longer be appropriate.
For instance, you might not be able to maintain the price you initially proposed due to rising raw material costs or running out of stock.
Only the time period specified in the offer is valid for firm offers. If the offer does not include a deadline, it will be valid for a maximum of three months.
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Net sales revenue is $720,000. Beginning and ending net accounts receivable are $62,000 and $58,000, respectively. Calculate the receivables turnover ratio.
Based on the sales revenue and the net accounts receivable, the receivables turnover ratio is 12 times .
What is the receivables turnover ratio?This can be found as:
= Net sales revenue / Average accounts receivable
Solving give:
= 720,000 / (62,000 + 58,000) / 2
= 720,000 / 60,000
= 12 times
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Answer:12 times
Explanation:
The Fair Labor Standards Act requires the payment of overtime to regular workers who work more than eight hours in a day. a. True b. False
The Fair Labor Standards Act requires the payment of overtime to regular workers who work more than eight hours in a day: FALSE
Who is labor?In the economy, labor refers to both the number of employed people and the work they do to produce goods and services. Numerous categories can be used to classify labor. The first is according to skill level; the lowest level is manual labor that doesn't call for special training.What is the Fair Labor Standards Act?A minimum wage and "time-and-a-half" overtime pay are rights established by the Fair Labor Standards Act of 1938, which is codified at 29 U.S.C. 203. These rights apply to everyone working more than forty hours per week. Additionally, it forbids using children for "oppressive child labor."
Therefore, the Fair Labor Standards Act requires the payment of overtime to regular workers who work more than eight hours in a day is FALSE.
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Personal _______ involves deciding what makes you unique and desirable in the job market and preparing a tagline and employer-focused elevator speech.
The answer is Branding.
Branding refers to a marketing strategy that aims to promote and manage a company's, product, or brand's image.
When we add personal to branding it means that it is a practice that consists of an individual promoting their own image and skills through marketing and advertising techniques usually used to promote a brand.
In this approach, the individual aims to become a "recognized brand" himself.
The personal branding process can be undertaken as part of a professional activity or on a more personal basis.
Hence, Personal Branding involves deciding what makes you unique and desirable in the job market and preparing a tagline and employer-focused elevator speech.
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If you work for a company and have a 401(k) retirement account, the account contains money you contributed to your retirement and money contributed by your employer. When you retire, which of the following will these payments be?
A. Welfare payments
B. Pension
C. Transfer payments
D. None of the above
Employees at House of Pancakes pretend that they like their boss even though most of the time they do not. These employees are engaging in which form of emotional labor? Group of answer choices deep acting customization surface acting personalization
Although they frequently don't, House of Pancakes employees pretend to like their employer. These workers are performing emotional labor known as surface acting.
When someone engages in surface acting, they don't truly strive to experience the emotions they want to portray; instead, they fake the necessary feelings. They might put on "false smiles" or other necessary emotional displays that don't accurately represent how they really feel.
You are surface acting if you feel one feeling and try to express a different one. Imagine you have a stressful commute and arrive at work. Even though you're still not in a particularly good mood, you might put on a false smile for a coworker as you get your morning brew.
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The ideal outcome of the _____ process group is to complete a project successfully by delivering the agreed-upon project scope within time, cost, and quality constraints.
The answer is monitoring and controlling.
The Monitoring and Controlling process controls all actions and metrics required to guarantee that the approved and authorized project remains within scope, on schedule, and within budget, allowing the project to proceed with little risk.
The project monitoring and control phase takes place concurrently with that of the execution phase of the project life cycle. Monitoring and managing your project entails actively analyzing the state of your project as it progresses, evaluating any roadblocks, and applying appropriate modifications.
Organizations must balance various duties during this phase, including sticking to the timeline, maintaining under budget, avoiding scope creep, and managing risk. Here's a rundown of the simultaneous activities you'll need to priorities in project management while monitoring and regulating.
Therefore, the blank will be filled by monitoring and controlling.
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Inventory records for Marvin Company revealed the following: Date Transaction Number of Units Unit Cost Mar. 1 Beginning inventory 990 $ 7.27 Mar. 10 Purchase 520 7.77 Mar. 16 Purchase 426 8.37 Mar. 23 Purchase 500 9.07 Marvin sold 1,830 units of inventory during the month. Ending inventory assuming FIFO would be:
Ending inventory assuming FIFO would be $4,810.42
Step 1Cost of goods sold= Beginning Inventory + Purchases = Cost of Goods Available for sale
Cost of Goods Available for sale -- Ending Inventory= cost of goods sold
Step 2990× 7.27= 7,197.3$
520× 7.77= 4,040.4$
426× 8.37= 3,565.6$
500× 9.07= 4,535$
total= 19,338.3$
⇒19,338.3/2,436 =7.938
Step 32,436-- 1,830 =606
⇒606×7.938= $4,810.42
Ending inventory=$4,810.42
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On November 2, 2020, Bramble Company has cash sales of $6120 from merchandise having a cost of $3540. The entries to record the day's cash sales using a perpetual inventory system will include:
Cash will be debited and sales will be credited by $6,120 and cost of good sold with be debited and inventory will be credited by $3,540.
A journal entry is the act of maintaining or producing records of any economic or the non-economic transaction. An accounting journal, which shows a company's debit and credit balances, records transactions. The journal entry may have many records, each of which is either a debit or a credit.
The journal entry to record days cash sales would be as given below:
Cash (Dr) $6,120
To sales $6120
(Being cash sales of $6,120)
Cost of good sold (Dr) $3,540
To inventory $3,540.
(Being cost of cost of good sold)
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Which of the following statements is false? Group of answer choices The optimal level of debt D*, balances the costs and benefits of leverage. As the debt level increases, the firm benefits from the interest tax shield (PV of interest tax shield isTc xD). (Tc= marginal corporate tax rate) If the debt level is too large firm value is reduced due to the loss of tax benefits (when interest exceeds EBIT), financial distress costs, and the agency costs of leverage. As the debt level increases, the firm faces worse incentives for management, which increase wasteful investment and perks
The correct answer should be: As the debt level increases, the firm faces worse incentives for management, which increase wasteful investment and perks, it is not always true. since increased debt provides interest obligations and place limit on managers.
Because all other statements are true. As optimal level of debt optimizes costs and benefits.
If debt becomes too large, firm value is reduced due to the mentioned reasons.
And if debt level increases, the firm benefit is T*D.
What is the Optimal Capital Structure?
An optimal capital structure is the best mix of debt and equity financing that maximizes a company's market value while minimizing its cost of capital.
Thus , we can say that all other statements are true, and the false statement is As the debt level increases, the firm faces worse incentives for management, which increase wasteful investment and perks.
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As a consumer consumes more of a good or service, the additional satisfaction of consuming the additional units goes down. This is called the law of:.
As a consumer consumes more of a good or service, the additional satisfaction of consuming the additional units goes down. This is called the law of diminishing marginal utility.
What is utility?It should be noted that utility simply means the satisfaction that's derived from using a good or service.
In this case, as a consumer consumes more of a good or service, the additional satisfaction of consuming the additional units goes down. This is called the law of diminishing marginal utility.
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To protect a trademark against typosquatting, a company should attempt to register potential misspellings of the mark. Group of answer choices True False
True, To protect a trademark against typosquatting, a company should attempt to register potential misspellings of the mark.
Intellectual property (IP) is your proprietary information or the property of your thinking. It could be a design, an innovation, a trademark, or the actual implementation of your concept.The following conditions must be met in order for the promissory estoppel doctrine to be effective:
A specific and definite promise must be made.The promisor should have anticipated the promisee's reliance on it.By doing something or not doing something, the promisee legitimately relied on the promise.What typosquatting mean?Typosquatting, sometimes referred to as URL hijacking, is a type of cybersquatting (residual use of another's trademark or copyright) that preys on Internet users who enter a website address erroneously into their web browser.
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The next dividend (Div1) is $1.80, the growth rate (g) is 6%, and the required rate of return (r) is 12%. What is the stock price, according to the constant growth dividend model
The stock price is $30.
What is the stock price?The constant growth dividend model postulates that the price of a stock is a function of the next year's dividend, rate of return and growth rate.
The constant growth dividend model = dividend next year / (required return - growth rate)
$1.80 / (12% - 6%)
$1.80 / 6% = $30
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The ______ method of valuing inventory was developed to avoid reporting inventory at an amount that is ______ than the benefits it can provide.
Answer:
The lower of cost and NRV method of valuing inventory was developed to avoid reporting inventory at an amount that is greater than the benefits it can provide.
Miss Jones purchased a 7% J&J 15 municipal bond on Tuesday, March 18th in a regular way trade. How much accrued interest will she pay?
Miss Jones purchased a 7% J&J 15 municipal bond on Tuesday, March 18th in a regular way trade. The accrued interest she will pay is $12.64.
This is further explained below.
What is accrued interest?Generally, It is the interest that has accrued on a loan or other financial commitment but has not yet been paid.
In conclusion, On Tuesday, March 18, Miss Jones bought a J&J 15 municipal bond with a 7% interest rate in normal trade. She will be required to pay $12.64 in interest.
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A young couple has a minimal down payment. They anticipate periodic salary increases in the future. Which type of loan would be most appropriate for them to use when buying a home
The type of loan would be most appropriate for them to use when buying a home is a mortgage loan.
How to depict the information?From the information given, the young couple has a minimal down payment and they anticipate periodic salary increases in the future.
Therefore, the type of loan would be most appropriate for them to use when buying a home is a mortgage loan.
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Farmer Jones is producing wheat and must accept the market price of $6.00 per bushel. At this time, her average total costs and her marginal costs both equal $5.00 per bushel. Her minimum average variable costs are $3.50 per bushel. In order to maximize profits or minimize losses in the short run, farmer Jones should Multiple Choice
Jones should: d. Continue producing, but reduce output.
reduce output but should continue production.
Total costs and marginal costsThe market price per bushel is higher than average variable cost which means that Jones should continue the production.
Since market price and the and marginal costs per bushels is not the same or equal she should reduce her output because profit maximization requires that marginal revenue and marginal cost to be equal.
Therefore the correct option is D.
The complete question is:
Farmer Jones is producing wheat and must accept the market price of $6.00 per bushel. At this time, her average total costs and her marginal costs both equal $8.00 per bushel. Her average variable costs are $5 per bushel. In order to maximize profits or minimize losses in the short run, farmer Jones should Multiple Choice.
a. increase output
b. increase selling price.
c. produce zero output and close down
d. continue producing, but reduce output.
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Question 2(Multiple Choice Worth 5 points)
(01.07 MC)
Suppose you live in a country with a proportional tax system. You make $20,000 a year and pay $5,000 in taxes. Your
friend makes twice as much money as you. What amount can your friend expect to pay in taxes this year?
A. $2,500
B. $5,000
C. $10,000
D.$20,000
Answer: C. $10,000
Explanation:
Proportional tax system means you pay a certain percent of what you earn, in this case it is 25%. Therefore your friend making twice as much as you will be taxed twice as much as you, making the answer C. $10,000.
Unlike a sole proprietorship or a partnership, a limited liability company cannot be held liable for a loss caused by the wrongful acts of its members. Group of answer choices False True
True, the liability of participants is restricted to the quantity of their investment. LLC may be held liable for accidents or losses resulting from wrongful acts, participants are not in my opinion accountable.
Restricted companions, LLC individuals can absolutely participate in ordinary commercial enterprise operations at the same time as still taking part in limited legal responsibility. Many organizations are dependent on LLCs. for instance, Anheuser-Busch, Blockbuster, and Westinghouse are all prepared as restrained legal responsibility businesses.
The primary difference between an LLC and an employer is that an LLC is owned by one or extra individuals, and an enterprise is owned by means of its shareholders. No matter which entity you pick out, each entity provides large benefits for your commercial enterprise.
The cause of an LLC, or a confined legal responsibility organization, is to guard the business proprietor from non-public legal responsibility for the enterprise's debts. Maximum states allow citizens, people who stay outside the nation or united states of America, different LLCs, groups, pension plans, and trusts to serve as LLC owners.
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Keynes disagreed with the classical perspective and argued that changing _______ would cause a decline in investment when consumer sales decrease.
Keynes disagreed with the classical perspective and argued that changing expectations would cause a decline in investment when consumer sales decrease.
What is the expectation?An expectation is emotional anticipation or conviction about a future event that might occur. We anticipate this potential type of fake reality coming to pass in our life.Expectations might come from other people, things, or anything else that is a factor external to our true selves.What are investments?Investment is the commitment of a resource to a long-term increase in value. Investment necessitates the loss of a current resource, such as time, money, or effort. In the world of finance, investing is done in order to profit from the asset being put to use.Therefore, Keynes disagreed with the classical perspective and argued that changing expectations would cause a decline in investment when consumer sales decrease.
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Suppose that you purchased a machine several years ago for your company. You recently sold the machine for more than you paid. This is an example of a Question 24 options: capital carry-forward. non-taxable gain. capital gain. windfall. None of these.
Answer:
I believe its Capital carry-forward
Explanation:
The other options don't make sense
23. In the emergency planning process outlined in CPG 101, generating, comparing, and selecting possible courses of action to achieve desired outcomes is part of:
In the emergency planning process outlined in CPG 101, generating, comparing, and selecting possible courses of action to achieve desired outcomes is part of Develop the Plan.
What is the CPG 101?Federal Emergency Management Agency (FEMA) guidance on the principles of planning and creating emergency operations plans can be found in Comprehensive Preparedness Guide (CPG) 101. (EOP). EOPs are linked to planning initiatives in the fields of prevention, protection, response, recovery, and mitigation, as demonstrated by CPG 101.What does an emergency operations plan include?What the institution or organization will do in the event of a disaster is specified in the emergency operations plan (EOP) (incident command implementation, command center location and activities, specific plans by department, etc.).What is emergency action plan?Faculty, staff, and students are informed about emergency protocols and policies through the EAP. Employees, their designated representatives, and any OSHA officials who desire to see it have access to this documented plan upon request.Learn more about CPG 101 here:
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A machine costing $30,000 and on which $25,000 of accumulated depreciation has been recorded was discarded as having no value. The entry to record this event would include a
On July 1, 2014, Dillman Kennels sells equipment for $66,000. The equipment originally cost $180,000 and had an estimated 5-year life and an expected salvage value of $30,000. The Accumulated Depreciation account had a balance of $105,000 on January 1, 2014, using the straight-line method. The gain or loss on disposal.
Accumulated depreciation is not recorded separately on the balance sheet. Instead, it's recorded in a contra asset account as a credit, reducing the value of fixed assets.
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Please help!! This is for economics
Which type of market is the one in which a fast-food company buys the eggs to make a person's favorite breakfast sandwich?
Product market
Factor market
Financial market
Closed market
The market in which the business buys eggs to make the final product that is a sandwich is called as factor market. Thus, Option B is the correct choice.
What is a Factor market?A factor market is a marketplace wherein elements of manufacturing are bought and sold. Factor markets allocate elements of manufacturing, along with land, labor, and capital, and distribute profits to the proprietors of efficient resources, inclusive of wages, and many more.
Therefore, The market in which the business buys eggs to make the final product that is a sandwich is called factor market. Thus, Option B is the correct choice.
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The country has entered a period of economic growth, but prices are rising too rapidly. To stabilize prices, the Federal Reserve decides to (4 points) Group of answer choices decrease the federal funds rate decrease the reserve requirement raise the discount rate buy more government securities
To stabilize prices, the Federal Reserve decides to Raise the discount rate.
Although the economy of the nation is expanding, prices are increasing far too quickly. The Federal Reserve decides to Increase the discount rate in order to stabilize prices.Economic growth is characterized by an increase in the quantity of goods and services generated per person over time.What is meant by the discount rate?In a discounted cash flow (DCF) analysis, the discount rate is the interest rate that is used to calculate the present value of future cash flows. This aids in determining whether the cash flows from a project or investment will be more valuable than the capital expenditure required to fund it in the present.Why is it called a discount rate?When examining a sum of money that will be received in the future and figuring out its present value, the phrase "discount rate" is employed. The definition of the word "discount" is "to deduct a sum." To determine a future value of money's present value, a discount rate is subtracted.
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Unemployment that results because it takes time for workers to search for the jobs that best suit their tastes and skills is called.
Answer:
Frictional unemployment
Explanation:
Frictional unemployment is unemployment due to the time it takes to match employees with jobs
An earthquake destroys a good portion of the capital stock but does not affect the production function. Capital per worker will _______ in the short run and _______ in the long run. A. decrease, decrease B. decrease, stay the same C. stay the same, decrease D. stay the same, stay the same
The correct option is, (B) decrease, stay the same.
An earthquake destroys a good portion of the capital stock but does not affect the production function. Capital per worker will decrease in the short run and stay the same in the long run.What is earthquake explain?When two chunks of the ground abruptly slide past one another, an earthquake results. The fault or fault plane is the area where they slide.What is earthquake and causes?Sudden movement along Earth's fault lines causes earthquakes.The motion releases "elastic strain" energy that has been accumulated in the form of seismic waves, which travel through the Earth and cause the earth to tremble.What is earthquake and its types?Tectonic, volcanic, collapse, and explosion earthquakes are among the four types of earthquakes. A tectonic earthquake is one that happens when the earth's crust ruptures as a result of geological forces acting on nearby plates and rocks, which change their physical and chemical composition.Learn more about earthquake here:
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A cost that results from an organization's ownership or use of facilities and its basic organization structure is a(n) ______ cost.
A cost that results from an organization's ownership or use of facilities and its basic organization structure is a committed cost.
What is the Committed Cost?A committed cost is speculation that a business substance has proactively made and can't recuperate using any and all means, as well as commitments previously made that the business can't escape. One ought to know which expenses are committed costs while investigating organization uses for potential reductions or resource deals.Committed costs are fixed or planned or affirmed installments to be made in the future to the merchants for labor and products to be taken, which are vital for the smooth progression of the business and the shortfall of which might upset the principal tasks of a business which might soundly affect the organization.To learn more about Committed costs refer to:
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