I agree that Automation is bad for the economy because machines will eventually replace almost all human workers, creating high unemployment and poverty”.
What is automation?Automation involves the using of machines and computer in getting task done, and this reduce man power.
In this case, Automation is bad for the economy because machines will eventually replace almost all human workers.
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Trial Balance Practice
Cole Hernandez, owns a business named Ceco Co. with the following ledger accounts as of June 30, 2020
Instructions:
1. Prepare a trial balance for Ceco Co. as of June 30, 2020.
2. Remember to write in the full three-line heading and put the accounts in the proper order.
Account Balance
A/P - Batt Inc. $785.00
A/P - Parker Products 1000.00
A/P - Nishi Co. 1200.00
A/R - R. Tamo 3500.00
A/R - G. Slaught 1124.00
A/R - P. Onno 850.00
Automobile 22800.00
Bank Loan 25000.00
Cash 5000.00
C. Hernandez, Capital 32224.00
Equipment 25350.00
Supplies 1585.00
The preparation of the Trial Balance of Ceco Co. from the ledger accounts as of June 20, 2020, is as follows:
Ceco Co.
Trial BalanceAt June 30, 2020
Accounts Debit Credit
Cash $5,000.00
A/R - R. Tamo 3,500.00
A/R - G. Slaught 1,124.00
A/R - P. Onno 850.00
Supplies 1,585.00
Automobile 22,800.00
Equipment 25,350.00
A/P - Batt Inc. $785.00
A/P - Parker Products 1,000.00
A/P - Nishi Co. 1,200.00
Bank Loan 25,000.00
C. Hernandez, Capital 32,224.00
Totals $60,209.00 $60,209.00
What is a trial balance?A trial balance is a list of the ledger accounts balances at a particular date of the financial period.
The trial balance helps to show if accounts have been correctly recorded according to the double-entry system.
Thus, the above trial balance shows the ledger accounts balances of Ceco Co as of June 30, 2020.
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What enables a oligopoly to form within a market
It would be too costly to launch a competing business To establish Oligopoly in the market.
What is a market?
The entire number of buyers and sellers in the area or region under consideration is referred to as the market.
A market structure known as an oligopoly has a small number of enterprises, none of which can prevent the others from having a large impact.
The market share of the major companies is calculated using the concentration ratio.
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Carlos is 25 years old and has $3000 he wants to invest. He doesn’t want to risk losing a lot of money, so he is looking for a low-risk investment. He wants to invest for five years, and then he will need his money back (plus the interest he earns.) What is the BEST investment choice for Carlos?
The best place where Carlos can invest his money in a low-risk investment would be to buy some shares.
What is an Investment?This refers to the business plan that is made to put some money into a business venture with the aim of getting profit after a time period.
Hence, we can see that based on the fact that Carlos is young and has about $3,000 to put in a low-risk investment, it would be good for him to buy shares in a reputable company and get his money back with interest after some years.
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Q5) which one company is the best one you wish to invest for next 3 decades, based on its management, product or business model, financial condition(with low debt), consistent past and potential earning?
Tesla is the company is the best one people wish to invest for next 3 decades, based on its management, product or business model, financial condition, consistent past and potential earning.
What is the management structure of Tesla?According to management experts, Tesla is one company that has a practical organizational structure with a lot of hierarchical structure.
Tesla is a company that is reported to use functional centers that are well-structured and cover all aspect of their business operations, including finance, sales, marketing, and technology.
Thus, the company is Tesla.
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AANG companies are Monopoly?
It is a false statement that the AANG companies are Monopoly in their industry.
What is a Monopoly?This refers to an exclusive possession/control of the supply or trading in a commodity or service.
As the AANG companies produces face mask, sanitizer, soap & toothpaste etc, then, it operates in a free market will other firm.
Therefore, It is a false statement that the AANG companies are Monopoly in their industry.
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If the price of natural gas rises , when is the price elasticity of demand likely to be the highest?
If the price of natural gas rises, the price elasticity of demand is likely to be the highest one year after the price increase.
What is the price elasticity of demand?A measure of a product's consumption shift in response to a price change is called price elasticity of demand. The quantity shift in percentage terms divided by the price change in percentage terms is used to determine the price elasticity of demand.
The price elasticity of demand would probably be at its peak if the price of natural gas increased. Elasticity will be strongest in the long run since consumers would start exploring alternatives as a result of ongoing price increases.
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Why you should be flexible when using a different email system?
The person should be flexible in using the email system in order to increase the productivity, to improve security and to enhance competitiveness.
What is Email System?The full form of Email is electronic mail which refers to the sending the messages through the use of computer and receiving it. It is an application of the messaging system.
Through the flexibility in the application of the email system the users can enhance the competition by using the new technology. It also increases the productivity as the knowledge of the different email system provides various features to the users.
It also helps in securing the data and important information from the phishing attack.
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A written communication between two departments of a company would be made by ??
A written communication between two (2) departments of a company would be made by memo.
What is a memo?A memo is abbreviation for memorandum and it can be defined as a written communication which is typically used to communicate an information of immediate importance to people within a business or between two (2) departments of a company.
This ultimately implies that, a written communication between two (2) departments of a company would be made by memo.
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Question 23
Investment gains earned during an initial time period are then put to work in the second time period earning additional
investment returns. What is this called?
A) Debt
B) Principal
C) Interest
(D) Compound growth
Questions Filter (40)
K First < Previous
4.75 Points
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Continue
The concept of reinvesting investment gains is called compound growth.
What is compound growth?
Compound growth is when both the amount invested and the investment gains already accrued increase in value because both amount are reinvested back in the venture. Compound growth ensures a faster growth in investment returns when compared with not reinvesting investment gains.
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How can business apply force field technique in the workplace
Companies can apply the force field technique in the workplace by establishing a method of observing the factors that drive or block the achievement of goals.
How is the force field technique effective in the workplace?It helps in the identification and more comprehensive analysis of the organizational environment and its processes, helping in decision making and in the strategic formulation to reduce bottlenecks and obtain quality.
Therefore, the force field technique helps in the effectiveness of processes, develops communication, reduces resistance to change in addition to creating a positive culture for development.
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tying financial models to strategies of a business helps generate more insightful analyses
Tying financial models to strategies of a business helps generate more insightful analyses. Therefore, it's true.
What is a financial model?It should be noted that financial modelling is the representation of a company's operations to achieve a desired goal.
In this case, tying financial models to strategies of a business helps generate more insightful analyses. Therefore, it's true.
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Disadvantages of the matrix organization structure are efficient use of resources because of ease of access efficient communication easy to manage difficult to manage Disadvantages of the matrix organization structure are efficient use of resources because of ease of access efficient communication easy to manage difficult to manage
Difficulty in terms of management of an organization as there is the involvement of overlapping teams, more information, and multiple managers is one of the major disadvantages of matrix organization structure.
What is matrix organization structure?A combination of or greater varieties of organizational structures is referred to as a matrix structure. It is a manner of arranging your enterprise so you set up reporting relationships as a grid, or a matrix, in preference to in the conventional hierarchy.
hence, Difficulty in terms of management of an organization as there is the involvement of overlapping teams, more information, and multiple managers is one of the major disadvantages of matrix organization structure.
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Biltmore Corporation uses the weighted-average process costing method. During
the month of April the direct material equivalent unit cost was $11 and the
conversion cost equivalent unit was $5. Biltmore completed and transferred
$200,000 of production to the finished goods inventory for the month of April. Use
this information to determine the number of units that were transferred from the
Work in Process. Round answer to closest dollar (do not enter cents).
The number of units that were transferred from the Work in Process is 12,500
What is the quantity of finished output transferred from work in process to finished goods?
In the first place, each unit of completed output would require direct material which costs $11, and conversion cost(the cost of labor for converting the direct material to finished product).
In essence, each complete unit is worth $11 plus $5 i.e. $16
The total cost of completed and transferred output is the total cost per unit, $16, multiplied by the number of units completed and transferred
cost of completed and transferred output=total cost per unit*units transferred
cost of completed and transferred output=$200,000
total cost per unit=$16
units transferred=unknown(assume it is X)
$200,000=$16*X
X=$200,000/$16
X=12,500(units)
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Please use the following baseline information:
Company ABC is offering bonds to investors to pay for its corporate expansion.
Par value: $1,000 per bond
Coupon rate: 5 percent per year (fixed rate)
Maturity: 10 years
At the end of 10 years, the bondholder would have received the following amount in total:
$15,000.
$1,000.
$5,000.
$1,500.
(I know it’s not $5,000)
Answer:
The coupon rate would have been 5 percent, which means the bond would have paid out the full $15,000 over 10 years.
Explanation:
The weight of toys a toddler owns has a population mean of 15.8kg and a population standard deviation of 4.2kg. What is the probability a toy store owner could select a sample of 49 toddlers and find the sample mean to be
The sample mean is most likely going to be 15.8kg because the population mean,, is proven by statistics to be equal to the mean of the sample distribution of x. This is further explained below.
What is sample mean?Generally, Since the population mean,, is statistically shown to be equal to the mean of the sample distribution of x, we can confidently predict that the sample mean will be 15.8kg.
In conclusion, The mean of a group of data points. The sample mean is a useful statistic for computing the central tendency, standard deviation, and variance of a data collection.
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Identify which of the following are primary activities and which are support activities in a value chain.
Answer: Marketing and sales and service
Explanation:
Identify the "3" laws, rules, and regulations in law of business
The antitrust law is the set of federal and state laws whose purpose is to regulate the conduct of companies in order to establish rules for legal business practice and regulation on securities.
What is business law?It corresponds to the set of laws, rules and regulations that apply to the corporate environment, establishing the responsibility of companies and their workers, their rights and duties in order to build an ethical and positive market for business development.
Therefore, business law is essential for the maintenance of legality and ethics in a competitive business environment, instituting protection in several important areas, such as socio-environmental responsibility and workers' rights.
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How does multi party system works
Answer:
In multi-party systems that use proportional representation, each party wins a number of legislative seats proportional to the number of votes it receives. Under first-past-the-post, the electorate is divided into a number of districts, each of which selects one person to fill one seat by a plurality of the vote.
Answer:
Multi-Party System is formed If several parties compete for power and more than two parties have a reasonable chance of coming to power either on their own strength or in alliance with others.
This system is able to represent diverse contestants and regions.
In the scor model, purchasing is represented by
A leverage by is one where there is.
What is the answer to this question
According to the context, it can be inferred that the word that correctly completes the sentence is reaction (option C).
How to identify the missing word of the fragment?To identify the missing word of the fragment we must take into account the context, in this case it speaks of the 2020 pandemic in which many people were affected by not being able to work and required the help of others.
In this case, the retailers had a reactive attitude towards this situation because they decided to donate in response to the problems that the pandemic unleashed with the neediest people.
Note: The question is not readable in the image. Next is the question.
Some retailers have decided during COV.ID to donate a percentage of sales to programs that support those in need, such as food banks. These businesses could be said to have a _______ approach of social responsiveness during this per.iod.
OPTIONS:
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After a different vice president is assigned to head the division for the second time in five years, Maria’s job as a middle manager does not really change. She carries out the same tasks, attends the same meetings, and sends in the same reports to the new vice president as she always does. What can be accurately determined about this organization?
The thing that can be accurately told about the organization is that high authority is not much responsible, and they do not consider the eligible candidate for promotion in the company.
What is promotion?Promotion is the upgrade of the post from the low profile than before the person get the promotion is upgraded into a new profile that they are eligible for. Promotion also gives the encouragement and motivation to the people.
Thus, organization is that high authority is not much responsible.
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How can information be a powerfull tool in negatiation or breaking a deal
If you we’re running a company describe at least two things you would do to improve its productivity
Answer:
1. Have standing meeting.2.Create the ultimate break room.Do the balance sheet in sheet and share the link
A firm's balance sheet shows the state of its affairs and financial position at a point in time by giving a snapshot of its assets, liabilities, and equity.
According to the accounting equation, the sum of liabilities and equity gives the total assets, in this case, the equity amount is missing, as a result, we can rearrange the equation to solve for equity
total assets=total liabilities+ equity
equity=total assets-total liabilities
Find attached balance sheet in excel form as well as the formula sheet.
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How to compute the total economic profit or loss in the given table?
Getting the sums of the Total revenues (TR) and subtracting the Total Cost (TC) from it will allow to derive the total economic profit or loss in the given table.
What is an economic profit?This refers to the difference between the company's total revenue and the sum of its explicit and implicit costs.
In this case, the total economic profit or loss in the given table will be derived by adding the sums of the Total revenues (TR) and subtract the Total Cost (TC) from it.
Therefore, the economic profit or loss will be determined.
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What is small business development
Answer:
Explanation:
Small Business Development Centers (SBDCs) provide business-related assistance and knowledge to help entrepreneurs start, run, and grow their businesses.
In which (management) areas of an organization may ethically relevant questions occur? Give examples for each of them!
The management area of coordinating and directing from the top hierarchies is the where some ethically relevant questions may occur.
What is an Ethics?This refers to some standards that imposes a reasonable obligations to refrain from fraud, slander, gossip etc in a firm.
Some example of an ethical behaviors in the firm are:
obeying company's ruleseffective communicationaccountability & professionalismtrust and mutual respectHence, the management area of coordinating and directing from the top hierarchies is the where some ethically relevant questions may occur.
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Select all that apply.
Select each of the benefits of being financially responsible.
having more opportunities
earning more money
paying higher interest rates for loans
having a good credit score
being rejected for loans
being prepared for emergencies
paying lower interest rates on credit cards
gaining independence
Answer:
having more opportunities
earning more money
having a good credit score
being prepared for emergencies
paying lower interest rates on credit cards
gaining independence
Explanation:
Help solve the blanks
Here is the completed table:
Labor Total Product Marginal Product Average Product
0 0 N / A N / A
1 10 10 10
2 25 15 12.50
3 45 20 15
4 63 18 15.75
5 75 12 15
6 80 5 13.3
7 80 0 13.3
8 68 - 12 8.50
How to determine the total product, marginal product and average product?The total product is determined by multiplying the average product by the number of labor. Total product of a labor can also be determined by adding the marginal product of that labor with the total product of the preceding total labor.
Blank 1 : 10 x 1 = 10
Blank 5: 25 + 20 = 45
Blank 7: 15.75 x 4 = 63
Blank 9: 63 + 12 = 75
Blank 13: 80 + 0 = 80
Blank 15: 8.50 x 8 = 68
Marginal product is the change in total product when labor is increased by 1.
Blank 2 : 10 - 0 = 10
Blank 3 : 25 - 10 = 15
Blank 8: 63 - 45 = 18
Blank 11: 80 - 75 = 5
Blank 16: 68 - 80 = - 12
Average product is the total labor divided by the total labor.
Blank 4: 25 / 2 = 12.50
Blank 6: 45 / 3 = 15
Blank 10: 75 / 5 = 12
Blank 12: 80 / 6 = 13.33
Blank 14 : 68 / 8 = 8.50
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What is the biggest memecoin of 2022 ?
Answer:
Dogecoin (DOGE), Floki Inu (FLOKI), and RoboApe Token (RBA) are the top three meme coins on the market in 2022.
Explanation:
Hope it helps!