The direct write-off method is not allowed under GAAP because it violates the principle expense recognition (matching) principle.
A direct write-off is an accounting method by which uncollectible accounts received are written off as bad debts.
GAAP stands for General Accepted Accounting Principles.It is a collection of conventionally and generally accepted accounting rules and standards for financial reportage. The direct write-off method is also referred to as the direct charge-off method. Upon receiving an invoice that has been deemed uncollectible, bad debts have to be cleared off. The direct write-off method violates the principle expense recognition (matching) principle. The matching principle states that expenses need to be matched with the revenue for a given period of association.Therefore, the direct write-off method is not allowed under GAAP because it violates the principle expense recognition (matching) principle.
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Aton Motors, an automobile manufacturer, establishes its manufacturing units in Argentina because of the low cost of the metal used to make automobile frames. In this scenario, Aton Motors has _____ its operations.
Aton Motors has Regionalized its operations.
What is Regionalization?A business strategy known as regionalization or localization leverages differentiation based on geographic regions in order to keep the focus on a certain region or area. Before extending to other regions and becoming multinational corporations, businesses begin their operations in one specific location. These businesses make an effort to address the variations in the markets they serve.
Aton Motors' operations are primarily regionalized because of the tendency for decentralized regions to arise. It is the procedure by which the areas are split into a limited number of segments with a predetermined range of values.
Regionalization refers to a technique where a particular region indicates a particular function value. This procedure boosts both the system's operational effectiveness and the size of the economic value.
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What is the correct order of regulatory agency jurisdiction changes to non-corporate California real estate syndicates since The Real Estate Syndicate Act's inception in 1970
The correct order of regulatory agency jurisdiction changes to non-corporate California real estate syndicates since The Real Estate Syndicate Act's inception in 1970
The Department of Corporations, The California Bureau of Real Estate, The Department of CorporationsWhat is Real Estate?Generally, Land plus the structures, roads, and other infrastructure added to it make up the improvements that make up the real estate.
In conclusion, Since The Real Estate Syndicate Act's introduction in 1970, the proper sequence of regulatory agency jurisdiction changes to non-corporate California real estate syndicates has been as follows:
Businesses, the State of California Real Estate Board, and the State of California Department of Corporations
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If large numbers of individuals choose to behave as free riders, more of the public good will be available for paying riders. the public good may never be provided. public goods will quickly be privatized. public domain technologies become more difficult to obtain.
Most time, the public good may never be provided if a large numbers of individuals choose to behave as free riders.
Who are free riders?This refers to people that wants others to pay for a public good and rather plans to use the goods for their personal gains.
Because of this, the outcome will be that public good may never be provided.
Therefore, the Option B is correct
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The Federal Reserve ________ pay interest on reserves held on deposit. The European System of Central Banks ________ pay interest on reserves held on
The Federal Reserve does not pay interest on reserves held on deposit. The European System of Central Banks does pay interest on reserves held on deposit.
Federal Reserve BoardIn the past, reserve banks were unable to offer interest on deposits. The Emergency Economic Stabilization Act of 2008 brought about a shift in that. The Federal Reserve Board had to increase the size of its balance sheet by purchasing Treasuries and mortgage-backed securities in order to increase the amount of liquidity available to the banking sector. European System of Central BanksThe major objective is to preserve price stability or the euro's worth. Price stability is the most significant contribution monetary policy can make in this area because it is crucial for economic growth and job creation, two goals of the European Union.The ECB has four decision-making bodies with the authority to carry out the institution's goals.To learn more about Federal reserve Board refer to:
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As people buy more and more of a service, their consumer surplus Multiple Choice decreases. falls to zero. increases. becomes negative.
As customers buy more and more of a service, their consumer surplus becomes zero.
Consumer surplus is an economic measure of the advantages received by consumers. A consumer surplus occurs when the price that consumers pay for a product or service is less than the price that they are willing to pay.
When demand for a product or service is entirely elastic, the consumer surplus for that product or service is zero. This is due to buyers' willingness to match the product's or service's price. When demand is completely elastic, consumer surplus is unlimited since a change in price has no effect on demand.
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_______________________ that require the depositor to commit to leaving their funds in the bank for a certain period of time, in exchange for a higher rate of interest are also called ________________. Demand deposits; certificates of deposit Certificates of deposit; time deposits Money market funds; time deposits Bonds; term deposits
Certificates of deposit that require the depositor to commit to leaving their funds in the bank for a certain period of time, in exchange for a higher rate of interest are also called time deposits Bonds.
An account designated as a time deposit is one that the depositor has agreed to keep in the bank for a specific amount of time in exchange for a greater interest rate.A time deposit, sometimes known as a term deposit, is a fixed-term interest-bearing bank account. In comparison to a typical savings account, it enables depositors to grow their money at higher interest rates. Depositors have two options after the term is up: they can either withdraw their money or renew it and hold it for another term.What is a CD certificate?A certificate of deposit (CD) is a type of savings account where the issuing bank pays interest in exchange for holding a specified sum of money for a predetermined length of time, such as six months, a year, or five years. When you cash in or redeem your CD, you receive the money you originally invested plus any interest.
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True or False: The term developing country (DVC) is applied to rich nations like the United States and Germany because their economies are always growing quickly by developing new technologies.
The term developing country (DVC) is applied to rich nations like the United States and Germany because their economies are always growing quickly by developing new technologies.
The given statement is false.
The term "developing" refers to a cutting-edge situation and now not a changing dynamic or expected path of improvement.
Because of the late 1990s, countries identified by means of the UN as developing countries tended to illustrate better-increased quotes than the ones in the developed countries class.
In keeping with the UN, a developing us of a is a country with an incredibly low trend of dwellings, an undeveloped commercial base, and a mild to low Human Development Index (HDI).
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A classified balance sheet: Multiple Choice Randomly groups items into assets, liabilities and equity. Organizes assets and liabilities into subgroups. Measures a company's ability to earn net income. Reports the effect of profit and dividends on retained earnings. Reports operating, investing, and financing activities.
A classified balance sheet Organizes assets and liabilities into important subgroups that provide more information.
What is a Balance Sheet?A financial statement that lists a company's assets, liabilities, and shareholder equity at a certain point in time is referred to as a balance sheet. The foundation for calculating investor return rates and assessing the capital structure of a company is provided by balance sheets. The balance sheet is a financial statement that gives a quick overview of the assets and liabilities of a firm as well as the amount of shareholder investment. When doing basic analysis or calculating financial ratios, balance sheets can be utilized in conjunction with other crucial financial data. A company's balance sheet gives a quick snapshot of its financial situation at any one time. On its alone, it cannot provide an understanding of the tendencies manifesting over a longer time frame.Know more about Balance Sheet with the help of the given link:
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Which of the following items have inelastic demand? (Remember: items that are "wants"
and/or have many substitutes tend to be elastic. Items that are "needs" and/or have few
substitutes tend to be inelastic.) Select all that apply.
The situation that have inelastic demand are:
Very costly goodsVery cheap goodsWhat is an inelastic demand?This class of demand is one where the change in quantity demanded due to a change in price is very small.
Hence, when there is very costly goods or cheap good, the inelastic demand can happens
Therefore, the Option C is correct
Missing options " A. Very costly goods. B. Very cheap goods.C. Both A and B. "
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A start-up software company hires Kiera as its first human resource manager. Whenever a new position needs to be filled, Kiera sits down with the supervisor to gather facts that will be included in a realistic job preview. Kiera knows that the impact of job previews on candidates is limited, but she believes the effort is important anyway. Which statement best explains Kiera's decision to provide realistic job previews?
A) The recruiter is less important than personnel policies for affecting a candidate's decision.
B) Realism in the recruiter's message is the most researched aspect of recruiting.
C) Kiera feels pressure to exaggerate the negative qualities of each job vacancy.
D) Employees are highly sensitive to negative information.
E) Giving realistic information is not expensive or difficult, so it is worth even a small benefit.
Realism in the recruiter's message is the most researched aspect of recruiting.
What is a recruitment message?A recruiting tool called a Realistic Position Preview (RJP) is used to explain both the positive and negative aspects of a job. In essence, it is utilized to give a potential employee a truthful understanding of what the job entails.Recruitment messages are cold outreach letters that recruiters send to prospective employees in an effort to spark interest in open positions. Email and social media profiles can also be utilized to send recruitment messages, while LinkedIn is the most popular platform for recruiter outreach.What benefit can a realistic recruitment message offer?On the human side, it is also probable to improve the candidate experience to give a realistic overview of the position. Although employing a realistic job preview will certainly result in fewer candidates, it will raise the caliber of those who do apply.
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Explain why some bonds sell at a premium over par value while other bonds sell at a discount. What do you know about the relationship between the coupon rate and the YTM for premium bonds
The answer is changes in interest rates and YTM will be less than the coupon rate.
Let's take a scenario where a bond has a yield of 2%. And if interest rates go up the earlier 2% interest rate is no longer an attractive interest rate. This is because we can now buy a similar bond with a yield of 2.5%.
So in order to compensate for these, the value of these bonds goes down.
Just the opposite is true when interest rates are decreasing.
The very best time to buy bonds is when interest rates are high and going down.
Also, any rational investor will pay more for a bond with a yield of 12% over a bond with a yield of only 10%, assuming everything else is equal.
Premium bonds are those bonds whose market price is greater than the par value of the bond.
And YTM is the internal rate of return (IRR) on a bond which equates to the present value of cash flows associated with the bond.
Therefore, in the case of premium bonds, YTM will be less than the coupon rate.
Hence, some bonds sell at a premium over par value while other bonds sell at a discount because of the changes in the interest rates. And YTM will be less than the coupon rate for premium bonds.
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Assume a cash flow of $82,400 in the first year and $148,600 in the second year. Also assume a present value of $303,764.34 at a discount rate of 12.75 percent. What is the cash flow in the third year if that is the only other cash flow
It is a fact that there is a(n) ________ relationship between interest rates and bond values in the secondary market. When interest rates ________, bond prices ________, and when interest rates ________, bond prices ________. Question 10 options: direct; drop; rise; rise; drop inverse; rise; rise; drop; drop direct; rise; rise; drop; drop direct; rise; drop; drop; rise inverse; rise; drop; drop; rise
Inverse; rise; drop; drop; rise
It is a fact that there is an inverse relationship between interest rates and bond values in the secondary market. When interest rates rise, bond prices drop, and when interest rates drop, bond prices rise.
What is the relationship between interest rate and bond values?Bond prices and interest rates go hand in hand. Bond prices typically decline as borrowing costs increase (when interest rates rise), and vice versa.
Most bonds have a fixed interest rate that increases in attractiveness when interest rates decline, increasing demand and bond price.
In contrast, a bond's price will drop if interest rates increase because investors will no longer value the lower fixed interest rate it offers.
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Whole Earth Provision Company sells online through its website, while also selling through physical store locations. This type of retailing is referred to as
The answer is Bricks and clicks.
A click-and-mortar store is also referred to as a bricks-and-clicks business.
It is one where the merchant operates both an internet store and a physical retail outlet.
The strategy combines two revenue streams, enabling companies to increase their customer base.
Additionally, it gives current consumers new purchasing options.
The omnichannel retail approach was formerly referred to as "bricks and clicks" in the UK.
Traditional retailers who have significant logistics and supply networks but are well-known and frequently valued for their conventional physical presence have traditionally employed this model.
Hence, in the given case when Whole Earth Provision Company sells online through its website, while also selling through physical store locations. This type of retailing is referred to as Bricks and clicks.
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When a principal is partially disclosed Group of answer choices the agent and principal will be jointly and severally liable on the contract. the agent and principal will be only jointly liable on the contract. only the principal can be liable. only the agent is liable.
The correct answer is the agent and principal will be jointly and severally liable on the contract.
In general, an agent is not accountable for contracts made; the principal is. However, the agent will be held culpable if he is not or only partially revealed, if the agent lacks or exceeds authorization, or if the agent entered into the transaction in a personal role.
When an agent works on behalf of the principle in interactions with a third party, a contractual relationship is formed between the main and the third party, and the agent is not personally accountable.
Therefore, the correct option is the agent and principal will be jointly and severally liable on the contract.
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In most states, in a dispute on a partnership matter, a third party cannot sue an individual partner but must file an action against the entire firm. Group of answer choices False True
The given statement is false.
The Indian Partnership Act 1932 defines a partnership as a relation between or extra individuals who comply with the proportion of the earnings of an enterprise run through all of them or by way of one or more humans appearing for them all.
Lifestyles of Mutual agency is the cardinal principle of partnership regulation is a very awful lot beneficial in accomplishing a end with respect to willpower of life of partnership. Every partner carrying in the commercial enterprise is the principal as well as an agent of different companions.
Rights to the percentage of the profits from the firm. Rights to use any partner or fascinated with his share of advantage or earnings. He has a confined legal responsibility which means that his personal assets may not be disposed of to pay the company money owed. A minor has a right to end up a companion upon attaining the age of 18 years.
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Why is it important to know the timeframe when working towards your savings goals?
Knowing the "when" of your financial goals is crucial because investing for short-term versus long-term goals differs, depending on how long you can keep your money invested, you will need to adopt a different investing approach.
What exactly do you mean by "timeframe of saving goals"?The framework of saving goals involves the time period for which an individual has been planning to save the amount. The planning framework can be of short term or long term.
Examples of short-term goals include: getting a new car or paying off student loans, whereas long-term objectives could be things :like putting money down for retirement, funding your children's education, or purchasing a second house.
Setting a deadline for achieving your goal can be helpful after you know how much money you need to save and your savings objective. This will encourage you even more to make progress toward your financial objectives.
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The real-balances effect is illustrated by which of the following examples? multiple choice 2 The fees at your college fall. Your favorite pizza place offers a two-for-one pizza sale. You get a raise at work. You find a coffee shop that has your favorite coffee.
A good example of the real-balances effect is when your favorite pizza place offers a two-for-one pizza deal.
The impact of changes in the real value of money balances on spending. As prices rise during an inflationary period, the real purchasing power of the money that people already possess decreases. People should become more inclined to conserve money and less inclined to spend it as a result of this.
What exactly is the real-balances effect?The purchasing power of the public's amassed savings decreases as prices rise.
Who had developed the idea of a true balance effect?The following presumptions serve as the foundation for Don Patinkin's true balance effect theory: The actual magnitudes of economic variables could not be altered by money.
What is a real-balance effect implication?As prices rise, the portion of your wealth that you keep in cash depreciates somewhat. Growth in total supply has lagged behind growth in total demand.
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Effective sales promotion activities target: Group of answer choices employees only. customers only. employees, dealers and customers. dealers only.
Effective sales promotion activities target dealers and customers.
What is an effective sales promotion?
Sales promotion are all the activities and methods undertaken by a producer to increase sales of its products to the users or marketers of the products. The users of a product include customers and dealers are the marketers of the product. An effective sales promotion has to target both parties.
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If you are willing to buy a stock of Fast Skin Inc. and you hope to receive the option premium you should
If you are willing to buy a stock of Fast Skin Inc. and you hope to receive the option premium you should buy a put option on the stock of Fast Skin Inc.
What is put option?This is a contractual agreement in which an owner has a right to sell shares at a stated price but it is not obligatory.
Here, the predetermined price where the option put the buyer to sell at the strike price.
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The firm negotiates a new agreement with its workers for lower wages. The ATC curve should be __________ and the AFC curve should be __________ after the agreement goes into effect.
Lower; unchanged
Average total cost (ATC) in economics is calculated as total fixed and variable costs divided by the number of units produced. The normal shape of the average total cost curve is a U, meaning it drops, bottoms out, and then rises. The total cost of an organization is the sum of its fixed and variable costs.The vertical summation of AFC and AVC must be obtained in order to graph average total costs (ATC). Plot the points as shown on the left after adding the two at each output level. Because it is the result of adding the AFC and AVC curves, the ATC curve is higher than the other two. You can see that it is U-shaped, just like the AVC curve, on the left.Thus this is the answer.
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The combined market share of the top four firms in a monopolistically competitive industry will typically be in the range of Group of answer choices Zero to 2 percent. Zero to 5 percent. 70 to 100 percent. 20 to 40 percent. None of the Answers are Correct.
Option C. The combined market share of the top four firms in a monopolistically competitive industry will typically be 70 to 100 percent.
What is combined market share?
This is the calculation that is done by taking a person's total sales and dividing by the total sales of a particular market sector.
This would be 70 to 100 percent in a market that has 4 firms combined together.
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Trading in company stocks> interest income only
Based on the merits and demerits of stocks and interest incomes, it is false to say that one is better than the other.
Which is better between interest income and stocks?Interest income is more appealing to certain people such as those who don't want to incur a lot of risk because interest-based investments such as bonds are generally safer.
Stocks are appealing to people who don't mind higher levels of risk as stock returns are generally riskier.
These two things are therefore subjectively better depending on the risk tolerance of the investor.
Complete question:
Trading in company stocks> interest income only
True or False.
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When the government provides free and reduced lunches to low-income students, it is addressing which type of market failure
A positive externality is when a good or service is produced and used in a way that benefits a party that is not directly involved in the market transaction.
What are the reasons for the Market Failure?
Externalities, public goods, market regulation, and a lack of knowledge are all possible causes of market failure. Market failures can be resolved through government involvement, such as new legislation, taxes, tariffs, subsidies, or trade restrictions.
The complete question is shown in the file attached below:
Thus, providing free and reduced lunches to low-income students by the government is a situation of positive externality where no directly involved in the market transaction.
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Frank is considering a new job. However he is concerned about his pension fund. He knows that ________ which is the requirement that he must work for his firm for a specified period of time prior to gaining ownership of the retirement contributions made by his employer has to be met first. Question 58 options: tenuring certifying vesting validating None of these
Frank is considering a new job. However he is concerned about his pension fund. He knows that Vesting which is the requirement that he must work for his firm for a specified period of time prior to gaining ownership of the retirement contributions made by his employer has to be met first.
What is a Vesting?“Vesting” in a retirement plan means ownership. This means that each employee will vest, or own, a certain percentage of their account in the plan each year. An employee who is 100% vested in his or her account balance owns 100% of it and the employer cannot forfeit, or take it back, for any reason.
Participants in a defined-benefit retirement plan need to understand the plan's vesting schedule so they know when they are eligible to receive full benefits. Pension vesting for employer contributions in a private pension plan is set by federal law and follows either a cliff vesting or a gradual vesting schedule.
Governmental and church pension plans are not subject to ERISA regulations. Exceptions to ERISA and breaks in your employment record with an employer can alter vesting and the amount of pension you're entitled to.
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When the central bank decides it will sell bonds using open market operations: interest rates decrease. the money supply increases. the money supply decreases. the money supply is unaffected.
When the central bank decides it will sell bonds using open market operations b. the money supply decreases.
What is open market operations?
Open market operations involves the purchase as well as sale of securities which help the Federal Reserve when they want to implement monetary policy.
In this case, When the central bank decides it will sell bonds using open market operations b. the money supply decreases.
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Between 2000 and 2020, the U.S. government budget deficit
A.
as a percentage of U.S. GDP has increased steadily each year.
B.
as a percentage of U.S. GDP has decreased steadily each year.
C.
has been more than 100% of U.S. GDP.
D.
none of the above.
Between 2000 and 2020, the U.S government budget deficit:
A. As a percentage of U.S GDP has increased steadily each year.
What is a Budget Deficit?A budget deficit is typically the difference between all receipts and expenses in both revenue and capital account of the government. It occurs when expenditure exceeds revenue.
Between 2000 and 2020, the U.S government has seen a steady increase in the budget deficit each year.
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Asset A has an expected return of 17 percent and standard deviation of 5 percent. Asset B has an expected return of 15 percent and standard deviation of 5 percent. Which asset would a rational investor choose
Asset A would be rational to the investor.
The standard deviation indicates the asset's risk. A low standard deviation indicates that data is clustered around the mean, whereas a high standard deviation indicates that data is more dispersed.
The standard deviation is used to measures how dispersed the data is. It represents the degree to which each observed value deviates from the mean.. Furthermore, increased risk is offset by higher reward. As a result, a bigger return is required for an asset with a higher standard deviation.
Both assets have a standard deviation of 5 in this scenario, but Asset A has a larger predicted return.
As a result, a sensible investor will select Asset A since it offers a larger return with the same risk.
Thus, correct answer is option A.
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Suppose the price of a cookie is $1.50 and cookies are produced in a competitive market. When Cathy's Cookies produces 200 cookies, the average fixed cost is $2.00, the average variable cost is $1.00 and the marginal cost is $1.50. To maximize profit, Cathy should a.continue producing 200 cookies in the short run b.produce more than 200 cookies in the short run c.produce fewer than 200 cookies but continue producing in the short run d.shut down in the short run
To maximize the profit Cathy should (B) produce more than 200 cookies in the short run.
What is the average marginal cost?The difference in total cost when another unit is produced is referred to as the marginal cost; the average cost is the total cost divided by the number of units produced.What is the average variable cost?In economics, the variable cost per unit is known as the average variable cost. Divide the entire variable cost by the output to get the average variable cost. In the short term, the enterprises use the average variable cost to determine whether to stop production.Solution -We know that marginal cost includes a variable cost.
So, to find profit subtract marginal cost by average fixed cost.
[tex]2.00-1.50 = 0.50[/tex]
[tex]0.50 * 200 = 100[/tex]
Profit when 200 cookies are sold = $100.
Therefore, to maximize the profit Cathy should (B) produce more than 200 cookies in the short run.
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If there are 10 job losers, 12 job leavers, 13 reentrants, and 12 new entrants, then there are __________ unemployed persons. a. 25 b. 47 c. 35 d. 37 e. There is not enough information to answer the question.
If there are 10 job losers, 12 job leavers, 13 reentrants, and 12 new entrants, then there are option B: 47 unemployed persons
What is unemployment?Unemployment serves as a situation whereby a person could not secure a job after passively searching of job in an economy.
Therefore, those that are unemployed are addition of 10 job losers, 12 job leavers, 13 reentrants, and 12 new entrants which is 47.
Therefore, option B is correct.
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