March 1 Accounts receivable $13200 (debit)
March 15 Accounts receivable $1800 (debit)
March 31 Accounts receivable ($1800*1%) $18 (debit)
The term "accounts receivable," often known as "AR" or "A/R," refers to a company's legally enforceable claims for payment for items delivered or services provided that consumers have requested but haven't paid for. These typically take the form of invoices that a firm issues and sends to the client for payment within a predetermined time limit. In a balance sheet, accounts receivable are listed as an asset. This accounting transaction is one in a series that deals with charging a customer for the goods and services they have requested. These can be contrasted from notes receivable, which are liabilities created through formal legal documents known as promissory notes.
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Identify which option in each of the following groups is punctuated correctly.
The following companies will be going out of business: HiTech, CyberSafe, and CalKey.
The following companies will be going out of business; HiTech, CyberSafe, and CalKey.
The following companies will be going out of business, HiTech, CyberSafe, and CalKey.The following companies will be going out of business: HiTech, CyberSafe, and CalKey.
"The following companies will be going out of business: HiTech, CyberSafe, and CalKey" is the correctly punctuated.
Punctuation is the use of white space, traditional signals, and specific typographical elements to help readers understand and interpret written material correctly, whether they are reading it quietly or loudly. Each sentence must begin with a capital letter and conclude with a full stop, an exclamation point, or a question mark. The statement is full according to this simple method.Punctuation in written English is essential for clarifying sentence meaning. For instance, the phrases "woman, without her man, is nothing" (emphasizing the value of men to women) and "woman: without her, man is nothing" (emphasizing the value of women to men), as well as "eats shoots and leaves" (in which the subject consumes plant growths) and "eats, shoots and leaves," have very different meanings.Thus the correct answer is Option A.
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The Lashgari Company is expected to pay a dividend of $1 per share at the end of the year, and that dividend is expected to grow at a constant rate of 5% per year in the future. The company's beta is 1.2, the market risk premium is 5%, and the risk-free rate is 3%. What is the company's current stock price?.
The current stock price of the company comes out to be $25.
The term "current price" refers to the price at which a security was most recently sold on an exchange. The current price serves as the starting point for both buyers and sellers. Despite the fact that current pricing is a strong indicator of current value, supply and demand could affect how much the next sale will actually cost.
Given:
D1 = $1
g = 5%
beta = 1.2
Risk free rate = 3%
Market risk premium = 5%
Now,
[tex]r_{s} = r_{p} + MRP * \beta[/tex]
[tex]r_{s} = 3 + 5 * 1.2[/tex]
[tex]r_{s} = 9[/tex] %
Now, value of stock:
[tex]V=\frac{D_{1} }{I-g} =\frac{1}{9-5} =25[/tex]
So, the current value of the stock is $25
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identify the category with the largest amount of mandatory spending, according to the chart. describe the difference in spending between the mandatory and discretionary categories, according to the chart.
Based on the chart by stating, “Total mandatory spending will increase from 38% in 1970 to 77% in 2023.”
What is spending, exactly?Money is spent when it is dispersed, expended, or squandered. We now pay more on living expenses, to use the generic term. Disburse indicates spending money from a defined source or amount to fulfill a certain obligation or making payments in set amounts: The treasurer has the power to distribute money.
What does the financial term "spending" mean?Spend on us: ECONOMICS, FINANCE. money utilized for certain purposes, particularly by a government, organization, or group: making a purchase In 2018, Britain spent a net £2.6 billion on infrastructure.
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included among the proposals suggested by the french economists who devised the decroissance strategy is/are (mark all correct answers):
Reduce work hours in line with improvements in labor productivity and in dealing with macroeconomic instability, adjust work hours for all rather than letting some workers become unemployed.
The economist:A specialist in economics examines the connection here between society's resources as well as its output or production. Economists research a variety of social systems, including local communities, entire countries, as well as the global economy.
What do economists actually do?The manufacture and distribution of goods, resources, and services are studied by economists through data collection and analysis, trend research, and evaluation of economic concerns. Even though it is a social science, economics may be just as demanding and tough as any other more difficult academic topic, such as arithmetic, chemistry, etc.
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harold was terminated by his employers for poor performance. a clause in his employment agreement stated that harold would be barred from working for a rival firm for a period of 1 year from the date of termination. this clause is an example of a:
According to a provision in his employment contract, Harold would be prohibited from working for a rival company for a year from the date of termination. This phrase serves as an illustration of a no-compete clause.
How do you correct a worker's bad performance?Verbal counseling should be your initial port of call. Indicate that the employee's actions or subpar work are unacceptable. after talking with the worker and discussing the necessary corrective measures.
Is it legal for an employer to fire a worker for subpar work?"Poor performance" generally refers to inefficiency and incompetence when carrying out official obligations. Only if an unsatisfactory rating amounts to gross misconduct can it be used as justification for dismissal under Article 282 of the Labor Code.
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talbot industries is considering launching a new product. the new manufacturing equipment will cost $14 million, and production and sales will require an initial $4 million investment in net operating working capital. the company's tax rate is 25%. enter your answers as a positive values. enter your answers in millions. for example, an answer of $10,550,000 should be entered as 10.55. round your answers to two decimal places.]
A financial term known as working capital (WC) measures the operating liquidity that is accessible to a company, organization, or other body, including governmental agencies.
Working capital is seen as a component of operational capital, along with fixed assets like plant and equipment. Current assets are equal to gross working capital. Current assets less Current Liabilities equals Working Capital. [1] An entity has a working capital deficiency, also known as a working capital deficit and negative working capital, if current assets are fewer than current liabilities. Despite having assets and profits, a business may lack liquidity if its assets cannot be quickly transformed into cash. A company must have positive working capital to ensure that it can continue to operate
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which of the following accounts results in adjustments to net income under the indirect method of preparing the statement of cash flows if their balances change during the year?
Answer: accounts receivable, inventory, accounts payable
Explanation:
accounting
Help:
Upon analysis of the map, what conclusions can you make about the locations of the twelve Federal Reserve Districts shown by the colored areas?
O A The Federal Reserve Districts are disproportionate in size yet balanced in terms of economic strength.
OB. The Federal Reserve Districts are equally divided across the country to ensure fair access to loan services.
O
C. The Federal Reserve Districts are generally reflective of the geographic concentration of banking activity in the country.
D. The Federal Reserve Districts are representative of the government's plan to consolidate the banking industry.
The conclusion made is that the Federal Reserve Districts are generally reflective of the geographic concentration of banking activity in the country. The Option C is correct.
What are the Federal Reserve Districts?In U.S, the Federal Reserve officially identifies its Districts by number and Reserve Bank city. In the 12th District, Seattle Branch serves Alaska and the San Francisco Bank serves Hawaii.
The District System serves the commonwealths and territories as follows; New York Bank serves the Commonwealth of Puerto Rico and the U.S. Vir-gin Islands, San Francisco Bank serves American Samoa, Guam and Commonwealth of the Northern Mariana Islands.
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the following segmented bar chart shows the number of flights that were either on time or delayed at three different airports on one day. the figure presents a segmented bar chart. the horizontal axis is labeled airport, and the letters r, s, and t, are indicated. the vertical axis is labeled number of flights, and the numbers 0 through 600, in increments of 100, are indicated. a key shows that each bar has data for number of flights delayed and number of flights on time. the data for each bar are as follows. note that all values are approximate. airport r, 100 flights on time, 50 flights delayed. airport s, 100 flights on time, 100 delayed. airport t, 200 on time, 300 delayed. which of the following statements is supported by the bar chart? responses airport t has the greatest percentage of on-time flights compared to the other two airports. airport t has the greatest percentage of on-time flights compared to the other two airports. airport r has the least percentage of on-time flights compared to the other two airports. airport r has the least percentage of on-time flights compared to the other two airports. the number of on-time flights at airport s is half the number of on-time flights at airport t. the number of on-time flights at airport s is half the number of on-time flights at airport t. the number of on-time flights at airport r is less than the number of on-time flights at airport s. the number of on-time flights at airport r is less than the number of on-time flights at airport s. the number of flights at airport t is equal to the total number of flights at airports r and s combined.
Airport T had 200 on-time flights, compared to 100 at Airport S. Airport S has half as many on-time flights than Airport T does since 100 is half of 200.
Which of the following numbers best captures the expected change in tree height for each meter increase in diameter?The slope of the model has a value of 30, which indicates the expected change in height for each doubling of diameter by a meter.
Which of the following best illustrates the causal connection between two variables?The best method for proving that two variables are causally related is to utilize a controlled study. In a controlled study, the sample or population is divided into two groups that are nearly identical in every respect.
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A similar survey of the student population 10 years ago found that a coffee shop was preferred by 20% of the students, and pizza and hamburger were each preferred by 40% of the students. Do the data indicate a significant change in preferences during the past 10 years (10 points total)? HINT: Notice that now you are given 'p', which you can use to calculate your expected frequencies. State the null hypothesis (2 points): Expected frequencies; ROUND TO THE NEAREST WHOLE NUMBER (2 points) Coffee: Pizza: Hamburger: Chi-squared value (2 points): df: Critical Chi-squared value (2 points): Are there significant preferences (i.e., should you reject the null)? (2 points): 3
The null hypothesis is that the preferences of the student population has not changed over the past 10 years. Expected frequencies would be 20% for coffee, 40% for pizza, and 40% for hamburger. The chi-squared value is 8.33, with 2 degrees of freedom.
The critical chi-squared value at the 0.05 level of significance is 5.99. Since the chi-squared value of 8.33 is greater than the critical chi-squared value of 5.99, we can reject the null hypothesis and conclude that there has been a significant change in preferences during the past 10 years. This conclusion can be supported by the fact that the percentage of students preferring coffee has increased by 10% over the past 10 years, while the percentages of students preferring pizza and hamburgers have both decreased by 10%.
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TRUE/FALSE. increase the efficiency and effectiveness of social marketing tactics. examples include upcontent, right relevance, buzzsumo and hootsuite.
TRUE, Third-party software tools increase the efficiency and effectiveness of social marketing tactics, example include content, right relevance, buzz sumo, and Hootsuite.
Maintaining the pressure of constantly being on target with their social media marketing methods is a constant challenge for many brands.
The target audience is constantly online and seeking out fresh stuff to read. However, the platforms' algorithms are always evolving, and user behavior is never predictable, in this third-party software tools like content, right relevance, buzz sumo, and Hootsuite in order to increase the efficiency and effectiveness of social marketing tactics.
For many brands, various social media marketing strategies are effective. Not all of them have to be a part of your marketing campaigns. Most likely, you would need to conduct numerous tests to find the strategies that work best for achieving your objectives.
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foreign ownership of us airlines; current limit of percentage of voting stock is lifted or requirements are revised
Federal laws limit foreign ownership of U.S. airlines to 25% and require U.S.-citizen control of airlines.
By introducing new airlines to the market or growing existing airlines, foreign investment may have an impact on the level of competition. However, increasing the ownership limitation is unlikely to have an impact on investment as profitable US airlines aren't actively looking for extra funding and international investors have shown little interest.
The Department of Transportation (DOT) is in accountable for ensuring that U.S. airlines are abiding by the regulations governing foreign ownership and control, which, among other conditions, set a limitation on foreign ownership at 25 percent of the voting stock of U.S. airlines. According to DOT guidelines, it is necessary to check the ownership structure of new airline applicants to make sure that it complies with legal requirements for ownership and control and is in fact managed by U.S. residents. On a case-by-case basis, DOT inspectors determine actual control while taking into account elements including a shareholder's influence and professional connections. In order to completely comprehend the layers of ownership and types of investors, DOT officials claim that this determination occasionally may require a review of complicated airline documentation.
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when a company coordinates its many communication tools in order to deliver a consistent message about the organization and its products, it is adopting the concept of: group of answer choices integrated competitive method functional promotional forecasting integrated marketing communications buzz marketing nonpersonal communication channel
The correct option is Integrated Marketing Communications. It defines IMC as “a coming up with method designed to assure that each one whole contacts received by a client or prospect for a product, service, or organization relevant thereto person and consistent over time.”
Another nice example of Integrated Marketing Communications is Coke's 'share a coke with' campaign, that used unified electronic messaging across TV, Social, outside and show resulting in a seven-membered uplift in Coke consumption by the target demographic, creating it one among the foremost self-made Coke campaigns in history.
Integrated selling communications (IMC) is each a theory and a group of business practices that facilitate consistent electronic messaging across channels and turn out a unified whole expertise for purchasers. This foundational selling conception applies not solely to advertising however to any or all kinds of a business's communication.
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The Articles of Incorporation for ABC Corporation specifically forbids the corporation from making personal loans to its officers or directors. Despite this, the board approved a personal loan to the President of the corporation. This action by the board is ______________.ultra vires
Despite this, the board gave the corporation's president permission to take out a personal loan. This action by the board is ultra vires.
When a business borrows money outside of what the Companies Act, its memorandum, and its articles permit it to do, it is said to be engaging in extra vires borrowing.
The contract is void if the money was borrowed from the business and the loan is ultra-vires. Although no lawsuit may be started, the business can still use the legal system to get its money returned. In fact, despite the fact that the borrower has committed to pay back the money, they cannot refuse since it was not authorized.
According to the Doctrine of Ultra Vires, any action taken or agreement reached by a company that exceeds the authority of the directors and the company is entirely null and invalid and, as a result, is not enforceable by the company.
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put the steps of the personal selling process in order. note: the first step in the process should be the top item on your list.
In marketing, the steps of the personal selling process in order are:
1. Prospecting and Evaluating2. Approaching the Consumer3. Preparing for the Sale4. Making the Presentation5. Overcoming the Objections6. Closing the Sale 7. Following Up.What does personal selling mean?A personal selling, also known as face-to-face selling, refers to a form of selling in which one person (salesman) tries to convince the customer in buying a product. It is a promotional method in which the salesperson uses his or her skills and abilities in an attempt to make a sale.
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oxwood company sells blankets for $60 each. the following information was taken from the inventory records during may. the company had no beginning inventory on may 1. boxwood uses a perpetual inventory system. date blankets units cost may 3 purchase 5 $20 10 sale 3 17 purchase 10 $24 20 sale 6 23 sale 3 30 purchase 10 $30 determine the cost of goods sold for the sale of may 20 using the lifo inventory costing method. a.$136 b.$120 c.$180 d.$144
Option (a), Using the LIFO inventory costing approach, the cost of items sold for the sale on May 20 is $136.
Using an example, describe the LIFO technique.It uses the inventory accounting method known as "latest in, first out" (LIFO). According to LIFO, costs for the most recent purchase of the products must be deducted first (or produced). Only in America does LIFO exist, and it is governed by generally recognized accounting principles (GAAP).
When calculating your cost of goods sold (COGS), you should base your calculation on the most recent inventory costs, while keeping previous inventory prices on your balance sheet. The LIFO principle is followed by this. Reduced firm profitability and lower taxable income may be the outcomes of the LIFO approach.
Date Receipts Issues Balance
May Qty. Price Amnt. Qty. Price Amnt. Qty. Amnt.
3 5 20 100 5 100
10 3 20 60 2 40
17 10 24 240 12 280
20 6 24 144 6 136
23 3 14 72 3 64
30 10 30 300 13 364
31 13 364
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When the price of X is $80, the price of Y is S20, and the consumer's income is $160, the consumer's optimal choice is D. Then the price of X decreases to $20. The demand curve can be illustrated as the movement from O D to E O D to C O C to E O E to D
Based on the subtitution effect, when the price of X decreases to $20, the demand curve will be moved from point D to E (A).
Subtitution effect occurs when a fluctuation in sales for a product can be attributed to consumers decision to switching to other alternative when its price changes. Subtitution effect shows the change in demand for a product as a result of a change in the relative price of the product compared to that of other subtitute products.
Let's refer to the graph attached below.
The initial budgetary constraint before the price of X decereases is:
If the consumer buys only product X, hence:
ax + by = 160
($80)x + 0 = 160
80x = 160
x = 2
if the consumer buys only product Y, hence:
ax + by = 160
0 + ($20)y = 160
y = 8
The initial budget constraint equation is y = -4x + 4. The point lies within this line is point D (1,4).
Now, we should redefine the new budget constraint after the price of X is changed:
If the consumer buys only product X, hence:
ax + by = 160
($20)x + 0 = 160
20x = 160
x = 8
if the consumer buys only product Y, hence:
ax + by = 160
0 + ($20)y = 160
y = 8
The new budget line should have equation of: y = -x + 8 ... (ii)
Now, we have to try the find point since the price of X has changed to $20. However, the consumer's income remains the same. We assume the point for this case as point P.
P = ax + by = 160
P = ($20)x + ($20)4 = 160
P = 20x + 80 = 160
x = 4 --> point P = (4,4) ... (iii)
Now, let's verify that point P lies within the new budget constraint:
y = -x + 8
y + x = 8
(4,4) --> 4 + 4 = 8 -- proven!
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Selling business products like chemicals and heavy equipment typically requires technical expertise that may be provided by a(n) ______, who does not actually sell the product
sales engineer
Selling business products like chemicals and heavy equipment typically requires technical expertise that may be provided by a(n) sales engineer, who does not actually sell the product
Sales engineers are experts at streamlining the sales process for cutting-edge technology and scientific items. A sales engineer's job is most frequently seen in B2B environments, where they are responsible with persuading other companies to buy complex products.
The space among product development & sales staff is frequently filled by sales engineers. They must be able to assist sales representatives in convincing prospects to choose their items using their applicable technical expertise.
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describe in detail how you, as a supply chain manager, could apply the specific elements in the logistics management process to help a manufacturer of lawn mowing equipment achieve the desired levels of delivered service and quality at the lowest possible cost.
The administration of a product's whole production process is known as supply chain management.
The efficiency and efficacy of a company's supply chain and logistics operations are improved by good logistics management. With the aid of information technology and communication systems, effective logistics management results in a decrease in the amount of time needed to complete each step of a production process.
The supply chain manager plans, coordinates, and controls all logistics related to the manufacture and delivery of a company's goods. Supply chain managers are in charge of a product's complete life cycle, according to the BLS.
The planning, sourcing, production, and delivery of goods, as well as the handling of returns, are all covered by supply chain management. Logistics is concerned with getting the appropriate goods to the right place at the right time.
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in a/an , there are only a few sellers, selling relatively undifferentiated products. in a/an , there are only a few sellers, selling relatively undifferentiated products.
In a/an oligopoly, there are only a few sellers, selling relatively undifferentiated products.
A market structure known as an oligopoly occurs when a few large sellers or manufacturers control a sizable portion of a market or an entire sector. Oligopolies frequently arise from the goal to maximize profits, which can result in corporate collaboration.
As a result, there is less competition, higher consumer prices, and lower employee compensation. The majority of oligopolies are found in markets where consumers primarily benefit from relatively undifferentiated commodities. Collaboration is the main cause of oligopolies. Collaboration on a set price is more advantageous to businesses economically than trying to outbid rivals.
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for the year ended december 31, a company had services revenue of $196,000 and wages expense of $117,600. dividends of $39,200 were paid during the year. which of the following entries could not be a closing entry? debit income summary $78,400; credit retained earnings $78,400. debit retained earnings $39,200; credit dividends $39,200. debit income summary $117,600; credit wages expense $117,600. debit services revenue $196,000; credit income summary $196,000. debit income summary $196,000; credit services revenue $196,000.
The fourth entry listed, "debit income summary $196,000; credit services revenue $196,000", could not be a closing entry. Closing entries are used to transfer the balances from temporary accounts (income summary, dividends, etc.) to permanent accounts (retained earnings).
All the other entries listed are closing entries. The first entry listed, "debit income summary $78,400; credit retained earnings $78,400" is transferring the net income (196,000 - 117,600 = 78,400) to retained earnings. The second entry listed, "debit retained earnings $39,200; credit dividends $39,200" is transferring the amount paid out in dividends to retained earnings. The third entry listed, "debit income summary $117,600; credit wages expense $117,600" is transferring the amount paid out in wages to retained earnings.
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Which of the following chapters of the bankruptcy code is primarily designed to provide a fresh start to a debtor as opposed to a reorganization?
Group of answer choices
Chapter 7
Chapter 9
Chapter 11
Chapter 13
Chapter 7 of the bankruptcy code is primarily designed to provide a fresh start to a debtor as opposed to a reorganization.
Regardless of the total amount of debt owing or whether a debtor is solvent or bankrupt, Chapter 7 offers relief to debtors. A Chapter 7 Trustee is chosen to liquidate the debtor's assets and distribute the money to the creditors.
A person who is drowning in debt can get a "new start" under chapter 7 of bankruptcy code by having their debts forgiven in exchange for turning over their nonexempt property for distribution. The discharge exonerates an individual debtor from responsibility for the majority of obligations, shielding creditors from legal action.
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clean car, a manufacturer of hybrid cars, paid a service provider to monitor its television ads around the country. this service provider discovered that in two locations the ads were cut off by the following ad before they had been broadcast in their entirety. clean car is experiencing imc noise problems associated with
When the service provider discovered that in two locations the ads were cut off the riff-off refers to the act of copying or borrowing something and then repurposing it.
What are advertisements?When it's stated that clever advertisements "riff off the seasonal weather or time of the day," it really means that the advertisement.
Duplicates the weather and uses it to demonstrate how the automobile operates in that environment.
Therefore, the advertisement may demonstrate how the automobile handles in the snow to persuade viewers that it's a smart choice for the conditions.
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jay, an engineer, entered into a contract with sky, inc. to provide specified consulting services. jay was paid pursuant to the contract, but social security taxes were not withheld because sky, inc. considered jay an independent contractor. which of the following factors is least likely to support the position that jay is an independent contractor? group of answer choices jay was paid in one lump sum after all of the services were performed jay provided his own office and supplies sky, inc. reserved the right to inspect jay's work sky, inc. consistently supervised and controlled the manner in which jay provided his services
The following factors is least to support the position that Jay is an independent contractor is that Sky, Inc. consistently supervised and controlled the manner in which jay provided his services.
An individual who is hired to work for another person or business on a contract basis is referred to as an independent contractor.
Jay is a self-employed individual, thus Sky Inc. has no authority to monitor or direct his work. Since Sky oversaw and directed Jay's performance of the services, this is the argument that is least likely to support the idea that he is an independent contractor.
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The winter holidays are coming up, and Mandy needs to hire two additional salespeople for her bakery in preparation for the busy season ahead. Ideally, she thinks to herself, she’d like to find two people just like Samantha—super-friendly, efficient, and enthusiastic with outstanding skills in sales, too. Yet, after five interviews, she’s beginning to lose hope that she’ll ever find anyone as good. What could Mandy do to prevent her cognitive biases from influencing her perception of job candidates? a. Enlist her entire team to engage in groupthink when reviewing candidates b. Delegate the interviewing and decision-making process to a trusted employee c. Assign a trusted employee to play the role of devil’s advocate as she reviews each candidate d. Ask a couple of other employees to interview the candidates with her and provide insights on each one
(d)Ask a few additional staff members to interview the applicants with her and offer their opinions on each one. is the right response.
Why is cognitive bias a problem?
The inclination of something like the human mind to streamline the processing of information throughout a lens of individual perspective or interests results in cognitive bias, a type of methodical mental process. The filtering procedure is a coping technique that allows the mind to choose and efficiently assimilate a huge amount of data.
Who first identified cognitive biases?
Amos Tversky with Daniel Kahneman coined the term "cognitive bias" as in early 1970s to refer to people's methodical, but allegedly incorrect, routines of replies to assessment and decision-making issues.
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Compute the earnings per share of common stock for 2018 and 2017.Begin by selecting the formula to compute the earnings per share of common stock.
The earnings per share of common stock for 2018 and 2017. Earning per share -
For 2018 = $0.49
For 2017 = $0.38
Earning Per Share = (Net Income - Preferred Dividends) / Weighted Average Number of Common Shares Outstanding
For 2018 -
Net Income = $66,000
Preferred Dividend = Preferred Stock at the end of 2018 * Preferred Dividend Rate
= $102,000 * 4%
= $4,080
Weighted Average Number of Common Shares Outstanding = (Common Shares Outstanding at the end of 2017 + Common Shares Outstanding at the end of 2018) / 2
= (119,000 + 133,000) / 2
= 252,000 / 2
= 126,000
Therefore,
Earning Per Share = ($66,000 - $4,080) / 126,000
= $61,920 / 126,000
= $0.49142857142
= $0.49 (rounded off to two decimal places)
For 2017 -
Net Income = $43,000 (Given)
Preferred Dividend = Preferred Stock at the end of 2017 * Preferred Dividend Rate
= $102,000 * 4%
= $4,080
Weighted Average Number of Common Shares Outstanding = (Common Shares Outstanding at the end of 2016 + Common Shares Outstanding at the end of 2017) / 2
= (88,000 + 119,000) / 2
= 207,000 / 2
= 103,500
Therefore,
Earning Per Share = ($43,000 - $4,080) / 103,500
= $38,920 / 103,500
= $0.37603864734
= $0.38 (rounded off to two decimal places).
In finance, stock consists of all the shares by which ownership of a corporation or company is divided. A single share of the stock means fractional ownership of the corporation in proportion to the total number of shares.
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FILL IN THE BLANK. one reason that wages and prices are not very flexible to the downside is that labor is___replaceable in the production process.
One reason that wages and prices are not flexible to the downside is that labor is not immediately replaceable in the production process.
To increase a product's sale, a firm should offer the product at a lower price level. One of many strategies to lower a product's price is to cut its production costs. As a part of the production costs, wages should be cut as much as possible.
The assumption above may seems logical, but it would unlikely to happen. Labors, the factors directly related to wages expense are not easy to be replaced. Let's discuss why.
To cut some wages expenses, a firm has to either cut their wages rate or cut the amount of labor it has. However to cut the employees wages rate, a firm is restricted by the government law regarding the minimum wages. Hence, it may seems that cutting off some labors would be an easier choice. However this is also not the case.
To cut some labors a firm has to prepare new strategy to maintain the prodution output rate. A firm may have 2 possible scenarios:
Increase the remaining employees productivityInvest in tehcnology to work on the labors' workA firm may increase the remaining employees' productivity by urging them to work overtime. However, this option is also restricted with the government's law related to the maximum working hours per day and the overtime payments. Over working the employees might not decreasing a firm's wages expenses, but instead increasing it since the overtime rate is higher than the regular wages rate.
Investing in technology to replace labors might seems promising. But to owned a new technology, a firm has to prepare a hug sum of investment before finally acquiring the technology. Some technologies also require special treatment and dedicated officer, which could be much more expensive.
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If a firm in a perfectly competitive market triples the quantity of output sold, then total revenue will
a.more than triple.
b.less than triple.
c.exactly triple.
d.Any of the above may be true depending on the firm’s labor productivity.
If a firm in a perfectly competitive market triples the quantity of output sold, then total revenue will exactly triple.
Choosing how much to produce is the only significant choice a perfectly competitive corporation must make. In order to comprehend why this is the case, let's have a look at an alternative way to express the fundamental notion of profit:
Profit = Total revenue−Total cost
Profit=(Price)(Quantity produced)−(Average cost)(Quantity produced)
Since a perfectly competitive Firm cannot pick the price it charges; rather, it must accept the price for its production as set by the product's market supply and demand. In other words, since the price is predetermined by the profit formula, a firm that operates in a fully competitive market can sell any quantity of units at the same price.
This suggests that the firm's product has a completely elastic demand curve, meaning that customers are willing to purchase any quantity of the firm's output at the going rate. The quantity that the perfectly competitive firm decides to produce will define its total revenue, total costs, and eventual level of profits along with the prices that are currently in effect on the market for inputs and output.
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Which of the following comparisons is correct regarding the marginal rate of substitution (MRS) of donuts for cake? a. The MRS is greater between bundles B and C than between bundles A and B. b. The MRS is greater between bundles E and B than between bundles B and D. c. The MRS is greater between bundles A and B than between bundles B and C. d. The MRS is the same between bundles A and B and bundles B and C because all three bundles lie on the same indifference curve.
The MRS is greater between bundles A and B than between bundles B and C.
Option D is correct .
The marginal rate of substitution (MRS) in economics refers to the amount of a thing that a consumer is willing to purchase in comparison to another good, assuming that the new item is equally satisfying. MRS is used by the indifference theory to analyze consumer behavior.
The ratio of the marginal utilities with a minus sign is the marginal rate of substitution. The ratio, which reflects the rate at which a customer is willing to substitute between the two commodities, therefore has behavioral content even though marginal utilities do not.
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The correct question is :
Which of the following comparisons is correct regarding the marginal rate of substitution (MRS) of donuts for cake?
a. The MRS is the same between bundles A and B and bundles B and C because all three bundles lie on the same indifference curve.
b. The MRS is greater between bundles E and B than between bundles B and D.
c. The MRS is greater between bundles B and C than between bundles A and B.
d. The MRS is greater between bundles A and B than between bundles B and C.
page incorporated manufactures automotive parts that sell for $80 each. the manager reported 280 defective parts in inventory, which cost $50 to reproduce. the manager can sell the defective parts for $20 each, or process the parts further for $30 each, and then sell them for the standard sales price. which of the following should the managerial accountant recommend for action?
A Managerial accountant is advised to fix the damaged items and then sell them at a standard price rather than selling them for $20 in order to achieve a net improvement in operating income of $8,400.
For understanding why a Managerial accountant should choose to repair defective items. Refer to the detailed explanation given below:
Situation 1.
Cost of reproduction of 280 defective parts = 280*50 =$14000
If he sell the defective parts for 20$ each he would get= 280*20= $5600
Situation 2.
If he chooses to repair the defective items, at 30$ it would cost him= 280*30= $8400
If he sells those repaired parts at a standard price, he would get= 280*80=22400
Thus his total revenue would be = 22400-8400= $14000
Now it is evident that the managerial accountant would make money if they chose the second alternative, which involves repairing the damaged parts and then selling them again for the usual price.
The operating income of Page Inc. would grow by an increase of (14000-5600) $8400.
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