With stable market demand for farm products, the demand will turn relatively small changes in output into relatively larger changes in agricultural prices and income. [TRUE]
Understand the Law of Supply and SupplyThe level of demand and supply for goods or services affect each other. They also affect the price of goods or services. As consumers demand more of a good, its price rises and more producers work to provide that good.
The more manufacturers offer a good, the supply increases, causing the price fell. In the reverse scenario, the price falls due to demand for something
product declines, causing fewer firms to produce that good.
When production falls, supply decreases, and prices rise back to equilibrium.
The theory of demand and supply is like a seesaw. When production increases and demand remains the same, the price of goods will decrease. Likewise, if the number of orders increases and inventory remains the same, the cost of goods will increase.
The law of demand and supply means that the seesaw will find a balance from time to time. When there is a change in demand or supply this will change the price, price changes affect demand and supply, creating a balance over time.
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Corporations are prohibited from giving more than 10 percent of their income for philanthropic purposes. True False
The act of corporations giving to charity; involves making monetary donations, supplying goods and equipment, and supporting the voluntary work of staff members. Concern for the wellbeing of society as a whole extends beyond what is required by law or contractual duties for enterprises.
A company has a duty to give back to society, which is known as social responsibility. As they make important choices, forward-thinking businesses carefully evaluate the goals of all stakeholders—groups that are interested in their performance and activities. Companies will often match the charitable contributions that their staff members make to nonprofits. Grants for Volunteers: Businesses provide money to groups where their workers frequently volunteer. A firm or business supporting the wellbeing of others via philanthropic gifts of money or time is said to be engaging in corporate philanthropy. On average, the businesses who answered donate 1% or less of their pretax profit to charity. According to the National Center for Charitable Statistics, most Americans who contribute generally donate between 2% and 3% of their income to NGOs. This is not an exact comparison.
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paul drives a truck as an employee for quick delivery, inc. paul would most likely be considered acting outside of the scope of her employment if he group of answer choices crashed into a car at the airport while off-duty hit a pedestrian in a parking lot during a working lunch ran over an attendant at a gas station while refueling his company truck smashed into a store-front window while driving on-duty
Paul drives a truck as an employee for quick delivery, inc. paul would most likely be considered acting outside of the scope of her employment if he a. crashed into a car at the airport while off duty.
Off-duty time manner any length apart from on-obligation time and consists of “sleeper berth time.” The necessities of these obligation statuses in addition to the “using time” obstacles could be defined in an extra element later on in this module. off-obligation time approach any length apart from on-responsibility time.
Whilst the registered nurse is on obligation he or she will perform the nursing care for the organization of patients. at some point of off duty, one or extra associate nurses are responsible to the number one nurse to perform the planned care for the patients.
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people believe they own and have a right to control their private information. people control their private information through the use of personal privacy rules. when others are told or given access to a person's private information, they become co-owners of that information. co-owners of private information need to negotiate mutually agreeable privacy rules about telling others. when co-owners of private information don't effectively negotiate and follow mutually held privacy rules, boundary turbulence is the likely result.
Disclosure makes a co-owner and confidant: A person's private information is shared with others when they are informed about it or learn about it.
When co-owners of personal information don t effectively negotiate or follow privacy rules what occurs?
Co-owners of private information must come to mutually acceptable privacy standards on sharing that information. 5. Boundary turbulence is likely to occur when co-owners of private information fail to successfully negotiate and adhere to mutually held privacy norms.
Someone makes another person a co-owner of the information when they decide to disclose private information to them. Co-ownership entails guidelines, obligations, and rights that must be agreed upon both the party disclosing the information and the party receiving it.
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________ is a state of reduced attention that is expressed in behavior that is rigid or thoughtless. This state is natural because human beings simply cannot keep up with all the stimuli they receive.
Nonverbal communication
Mindlessness
Cognitive distortion
The mirror effect
Mindfulness
Mindlessness is a state of reduced attention that is expressed in behavior that is rigid or thoughtless. This state is natural because human beings simply cannot keep up with all the stimuli they receive.
MindlessnessMindlessness is frequently interpreted and characterized as a state of being, as opposed to mindfulness, which is connected with enhanced general well-being and improved physical and mental health. It is not the same as being ignorant. Mindlessness is an inert state of consciousness defined by dependence on previous distinctions. People who are thoughtless are caught in a fixed worldview, oblivious to the ways in which meaning changes based on tiny changes in context. We all experience mindlessness at some point in our lives, whether it's because we're weary, overloaded, bored, or just because it's simpler to function on autopilot.
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Which of the following might logically be reasons used in support of a value-added tax for the federal government?
A. Improve separation of revenue sources across the levels of government (federal, state, and local).
B. Provide an increased economic incentive for private saving.
C. Increase the responsiveness of the federal tax base to changes in the natural economic activity.
The incentive should emphasise the need for physical activity by informing participants of increased and funding to ensure surveillance and monitoring of the likelihood of the spread of childhood obesity. The correct response is B. Provide an increased economic incentive for private saving.
To promote children's active participation in physical activities, governments should build more parks and with better amenities. The government should put policies in place to support both public and private initiatives that educate kids and their families about the importance of a healthy diet and physical the activity.
Health and agricultural research should be more supported in order to develop new strategies for encouraging students to engage in physical activity and consume a healthy diet. Task forces should be established by the governments to carry out policies and to guarantee cooperation and efficient way adherence by the students and the schools.
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the time series competitive efforts section of the cir which provides every company's management team with a means of reviewing how the regional competitive efforts of any company of interest have changed over the years is particularly useful for
Estimating the amounts of competitive effort that the best-performing companies in the sector would use in the coming years and figuring out what strategies they might need to use to close the performance gap.
Why is it vital to be competitive?Your sense of accomplishment and a desire to succeed at the task drive you. During a competition, you make a concerted effort to perform to the best of your ability—not the best—and to advance your knowledge or abilities. Higher self-esteem, self-development, self-discovery, and task satisfaction may result from this.
Which 12 factors make up competitiveness?Institutions, infrastructure, technological maturity, macroeconomic environment, health, education, and skills, as well as the markets for goods and labor, the financial system, market size, business dynamics, and innovation capacity are all factors.
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Functional structures work best for firms for all of the following strategies EXCEPT
a. cost leadership strategy.
b. differentiation strategy.
c. related constrained diversification strategy.
d. single or dominant business corporate strategy.C
Functional structures work best for firms for all of the following strategies except related constrained diversification strategy. Hence, option (c) is correct.
A functional structure is a type of business structure that organizes a company into different divisions based on areas of expertise. These departments work as functional units and are overseen by project managers or department heads. In each department, the members of the group report a series of orders to the heads of the departments, where they also report to the senior officials of the company, informing them of the status of their working areas.
With related constrained diversification strategy, a company shares resources and services between its businesses. Cable companies such as Comcast and Time Warner Inc., share resources and technology-based services in their television programming, high-speed Internet connections, and phone service businesses.
Hence, Functional structures work best for firms for:
cost leadership strategy.differentiation strategy.single or dominant business corporate strategybut not for related constrained diversification strategy.
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on a statement of cash flows for a provider of tutoring services, the cash flows from financing activities would include: the flashcards used to tutor math students the promotional sign at the entrance to the building where the tutoring takes place the money borrowed to purchase the furniture in the tutorial area and the interest owed on that debt the reputation of the tutors working for the service the students who benefit from the service
On a statement of cash flows for a provider of tutoring services, the cash flows from financing activities would include the money borrowed to purchase the furniture in the tutorial area and the interest owed on that debt.
The net movement of cash and cash equivalents into and out of an organization is referred to as cash flow. Outflows are represented by the money spent, while inflows are represented by the money received.
In order to fulfill your current financial responsibilities and make plans for the future, you need to have a positive cash flow. But for small firms, cash flow is a regular problem. Contrarily, cash flow statements offer a clearer account of the cash on hand. In other words, a business may look lucrative "on paper," but it may not have the cash on hand to restock its inventory or cover other pressing costs, like rent and utilities.
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Determine which of the following statements below regarding a merchandiser are correct. (Check all that apply.)
1. Merchandisers are also identified as wholesalers.
2. Wholesalers only sell services to customers.
3. Merchandisers are often identified as retailers.
4. A merchandiser earns net income by buying and selling merchandise.
You can show off your understanding of a consumer and a merchandiser. By buying and reselling also products, merchandisers make money. The right answer is 4. A merchandiser makes money by buying and selling goods.
Merchandisers are responsible for overseeing every step of the process from the time a product enters the shop until a consumer takes it off the shelf. They monitor the products' availability and presentation at various retailers within the designated geographic area.
It concentrates on luring clients through effective product placement and attractive product displays. There are two different types of merchandisers retail and wholesale. Unlike wholesalers who purchase goods from producers and resale them to retailers, retailers sell their items straight to customers.
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Start -> A -> B -> C -> D -> E -> Finish. You have the following process information: Process A requires 10 minutes per widget. Process B does 4 widgets per hour. Process C does 4.6 widgets per hour. Process D can do 28 widgets per 8-hour shift. Process E takes 16 minutes per widget. What is the process time of the system? minutes per widget. (Please round to the nearest integer; if you would like to enter 12.345, please type in a 12.) Which process is the bottleneck? If you tied yourself to a widget just as it started Process A, how many minutes later would you find yourself done with Process E? minutes. (Please round to the nearest integer; if you would like to enter 12.345, please type in a 12. Hint: this is another way of asking for the throughput time.) Would it help make more widgets per day if we could speed up Process A by one minute per widget? . (Please enter yes or no). Say we didn't end up changing Process A after all. If we could speed Process D up by 5 minutes per widget, what would the new process time of the system be? minutes. (Please round to the nearest integer; if you would like to enter 12.345, please type in a 12.) Say we did speed up Process D by those 5 minutes per widget. Where is the bottleneck of the system now?
The process time of the system is 19 minutes per widget.
A widget is a comparatively straightforward and easy-to-use computer code application or element created for one or additional totally different computer code platforms. A table accent or applications programme is an example of a widget, complete computer programme, in distinction with a additional complicated application like a computer programme or applications programme.
A bottleneck is a method in an exceedingly chain of processes, such its restricted capability reduces the capability of the complete chain. The results of having a bottleneck ar stalls in production, provide buy in, pressure from customers, and low worker morale.
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One of the employees in your organization is suspected of hacking into the network. You as a network administrator want to check the user's activity for the last week. Which of the following will you use in such a scenario?
The network administrator will use the master checker feature in such a scenario.
Who is a network administrator?A network administrator is someone assigned in an organization to maintain computer infrastructures, with a focus on local area networks (LANs) and up to wide area networks (WANs). In order to ensure that an organization's data network's computer hardware and network infrastructure are properly maintained, network administrators are in charge of these tasks. In smaller organizations, they are typically involved in the acquisition of new hardware, the rollout of new software, the maintenance of disk images for new computer installs, the assurance that licenses are paid for and current for software that requires them, the maintenance of standards for server installations and applications, the monitoring of network performance, the investigation of security lapses, and the examination of bad data management practices. Some of the aforementioned positions are filled by system administrators in other organizations.
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Bonus Obligation
Raymond Moss, vice president of Moss Auto Parts, gets an annual bonus of 16% of any income, before deducting bonus and income taxes, above $100,000. Income before bonus and income taxes is $304,000. The effective income tax rate is 30%.
Required:
1. Compute the amount of Raymond Moss's bonus.
Bonus = $____________
2. Compute the income tax expense.
Income tax expense = $____________
Raymond Moss, vice president of Moss Auto Parts, gets an annual bonus of 16% of any income, before deducting bonus and income taxes, above $100,000. Income before bonus and income taxes is $304,000. The effective income tax rate is 30%. Required: 1. Bonus = $32,640
Raymond Moss’s bonus is computed as the excess of $100,000 of income before bonus and income taxes. In other words, the income before bonus and income taxes of $304,000 minus $100,000 is the amount upon which the bonus is computed.
Bonus=excess of income before bonus and income taxes rate of bonus
Income before bonus and income
Taxes.=$304,000-$100,000
Income before bonus and income
Taxes.=$204,000
Bonus rate=16%
Bonus=$204,000×16%
Bonus=$32,640
Bonus, refer to something extra beyond stipulated payment. A bonus is a gift to reward performance, paid either by a private employer or by a government: a bonus based on salary; a soldiers’ bonus.
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During this unit you will be working on a final project in order to bring together everything that you've learned. You should be thinking about this unit project as you participate in each lesson, then submit the project at the end of the unit. In this project, imagine you are the new accountant for The Matrix Computer Service and you need to use the attached accounting stationery to complete the accounting procedures.
Goal
Set up accounting records and complete the accounting cycle for The Matrix Computer Service.
Role
As the new accountant forThe Matrix Computer Service, you need to use the attached accounting stationery to complete the accounting procedures.
Audience
Your work will be reviewed by any government involved in the accounting procedures of The Matrix Computer Service. The more accurate the information and the records of the business are, the better the management can make more informed decisions concerning the business
Situation
The Matrix Computer Service is owned by Charles Stoudamyer. It has been in business for three months. The business is structured as a sole proprietorship and provides computer services to individuals or small businesses. The business earns revenue from three different areas; 1-hardware repair, 2-software repair, and 3-computer basic training. You are taking over the accounting work as of February 28 (not leap year).
Purpose
Your purpose and responsibilities as the accounting clerk are as follows:
Open a general ledger account for each account in the chart of accounts.
Analyze each business transaction.
Enter each business transaction in the general journal starting on page
Post each journal entry to the appropriate general ledger accounts.
Prepare a trial balance (in the worksheet) and complete a 6-column worksheet.
Prepare the following financial documents: --Income Statement --Statement of Change in Owner's Equity --Balance Sheet
Journalize and post the closing entries Use the general journal you used for all the daily transactions and the bank service charge. Include it at the bottom.
Prepare a post-closing trial balance.Use these attached documents, the charts of accounts and transaction schedule following:
[Files attached]
[Picture here]
Standards and Criteria for Success
Your performance needs to pull together all the concepts and procedures you have learned in this unit.
1 Accuracy of the general journal
2 Accuracy of the general ledger
3 Proper reconciliation of the bank statement
4 Completion of the 6-column worksheet
5 Accuracy of the financial documents
pleasee hellppp
Answer:
explained down
Explanation:
A specialty journal records special events or transactions related to the particular journal. There are mainly four kinds of specialty journals – Sales journal, Cash receipts journal, Purchases journal
, and Cash disbursements journal. The company can have more specialty journals depending on its needs and type of transactions, but the above four journals contain the bulk of accounting activities.
All other transactions not entered in a specialty journal account for in a General Journal. It can have the following types of transactions:
Accounts receivables
Accounts payable
Equipment
Accumulated depreciation
Expenses
Interest income
and expenses, etc.
Table of contents
What is General Journal?
General Journal Accounting
General Journal Format
General Journal Examples
Flow Process
Uses
Technological Advances
Conclusion
General Journal Video
Recommended Articles
Inventory records for Eliza Company revealed the following:Date Transaction Number of Units Unit CostMarch 1 Beginning Inventory 1,100 $ 7.20March 10 Purchase 520 7.70March 16 Purchase 398 8.30March 23 Purchase 510 9.00Eliza sold 1,900 units of inventory during the month. Ending inventory assuming FIFO would be: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.)Multiple Choice$5,569.$4,900.$7,920.$1,259.
Ending inventory assuming FIFO would be : (a) $5,569
Inventory is updated at the conclusion of every transaction under the perpetual inventory system. In contrast, the periodic method updates inventory at the end of each period rather than at the end of each transaction.
When we enter sales data using the perpetual method, we should also enter the cost of the goods sold.
Whichever goods are purchased first in the store will be sold first.
Whichever goods are sold last from the store are known as LIFO.
There is no first and last in the store. Weighted average. Assume that all goods arrive at the same time for this method.
Ending inventory unit = Total units available for sale - Sales unit = 2528 - 1900 = 628
Ending inventory Cost = (510 * $9 + 118 * $8.3) = $5,569.40
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Robert has two cryptographic keys, and he needs to determine which of them is less prone to being attacked. The cryptoperiod is limited and equal for both the keys. The first key has a length of 2 and uses 16 characters, while the other key has a length of 3 and uses 15 characters. Which of the following is the best conclusion for Robert to come to?
a. Both the keys are equally secure.
b. The first key is more secure than the second key.
c. Neither of the keys are secure because they both have a limited cryptoperiod.
d. The second key is more secure than the first key.
The security of the second key exceeds that of the first key. The answer is option (d).
What is cryptographic key?A key is a piece of data that may encode or decode cryptographic data in cryptography. It often takes the shape of a string of numbers or characters that is saved in a file.
In the field of cryptography, a key is a string of letters that is a component of an encryption algorithm that modifies data and makes it appear random. It locks (encrypts) data, much like a real key, so that only those who have the proper key may decrypt it. An encryption key is a constant value used in cryptography thatis applied to a block or string of unencrypted text using an algorithm to create encrypted text or to decode encrypted material.
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In breakeven analysis, the costs that change with the level of production are considered ________ costs. a. variable b. recoverable c. labor d. fixed
In breakeven analysis, the costs that change with the level of production are considered variable costs.
Break-Even Point: The quantity of units that must be sold in order to provide a loss (but will recover all associated costs). The breakeven point, in other words, is the point at which your product stops costing you money to produce and sell and begins to make money for your business.
JavaScript can be used to resolve several other related managerial decision challenges, like:
price level determination and its sensitivity
assessing the financial attractiveness of various strategic options for your organization by aiming for the "optimal" values for the variable and fixed cost combinations.
You can better comprehend the idea of the breakeven point by looking at the analysis in the following graphic. The following formula, however, allows for a quicker and more precise determination of the breakeven point:
Break-Even Point = Fixed Cost / (Unit Price - Variable Unit Cost)
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Compared to other retail formats, the greatest benefit that store shopping offers is:
a. the ability to touch and feel the products
b. acceptance of multiple forms of payment
c. cash and carry
d. broader and deeper assortmentsa. the ability to touch and feel the products
When compared to other retail formats, the opportunity to touch and feel the items is the most appealing feature of in-store shopping.
When you shop in-store, you don't have to wait for an item to arrive. You get what you need straight now, with no shipping costs. It may be enticing to visit the store and depart with your purchase for customers who want to swiftly eliminate items from their shopping list.The store is an essential component of material management. The items are stored in such a way that they are carefully accounted for, kept safe, and readily available when needed.Retail is the sale of goods and services to individuals, as opposed to wholesale, which is the sale of goods and services to corporations or organizations. A retailer buys things in bulk from manufacturers, either directly or through a wholesaler, and then sells them in smaller amounts to customers for a profit.Thus the correct option is A.
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consider the following five procedures followed by eikenberry company several individuals operate the cash register using the same register drawer
The procedures followed by Eikenberry Company and analysis are shown below:
Internal control procedures are put in place by an entity for a number of reasons. By implementing appropriate control procedures an entity can reduce the risk of misstatement due to fraud or error in addition to reducing the risk of misappropriation of assets.
Number Item Good or Weak Principle
1. Several individuals operate the cash register using the same register drawer. Weak Physical controls over cash
2. A monthly bank reconciliation is prepared by someone who has no other cash responsibilities. Strong Segregation of duties is adhered to
3. The same person writes checks and also records cash payment journal entries. Weak Segregation of duties is not adhered to
4. One individual orders inventory while a different individual authorizes payments. Strong Segregation of duties between order and authorized
5. Unnumbered sales invoices from credit sales are forwarded to the accounting department every four weeks for recording. Weak Invoices are unnumbered and may be missed. Sales may be incomplete.
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question temporary-services firms supply trained workers to other companies on a temporary basis. temporary-services firms lose business when the economy shows signs of beginning to weaken. they gain business when the economy begins to recover but often lose business again when the economy stabilizes. these firms have begun to gain business in the present weak economy. the economy therefore must be beginning to recover. which of the following is an assumption on which the argument depends?
The one which is an assumption on which the argument depends is that, the temporary-services firms do not gain business when an already weak economy worsens.
The temporary-services firms agency tend to provide workers to companies on a case-by-case basis. So these tend to allow the companies a cost-efficient way in order to employ new employees with any specialized skill sets.
However, the temporary-services firms do not gain any business when an already weak economy tend to worsen. Thus, such employees are released after the project or period of contract is over.
Hence, temporary service is the service of a temporary government worker.
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Assume that people have rational expectations and that the economy is described by the sticky-price model.
a. Because people take into account all information available to them in forming their expectations of the price level EP,
only_______changes in the money supply affect real GDP. Changes in the money supply that are_________when prices were set do not have any real effects.
b. If the Fed sets the money supply at the same time as people are setting prices, so that everyone has the same
information about the state of the economy, then monetary policy_______be used systematically to stabilize
output. Hence, a policy of keeping the money supply constant will have________a policy of adjusting the money supply in response to the state of the economy.
c. Suppose the Fed sets the money supply well after people have set prices, so that the Fed has collected more
information about the state of the economy. Then monetary policy_____be used systematically to stabilize output.
a) Because people take into account all information available to them in forming their expectations of the price level EP, only unanticipated changes in the money supply affect real GDP. Changes in the money supply that are anticipated when prices were set do not have any real effects.
b) If the Fed sets the money supply at the same time as people are setting prices so that everyone has the same information about the state of the economy, then monetary policy cannot be used systematically to stabilize output. Hence, a policy of keeping the money supply constant will have the same real effects as a policy of adjusting the money supply in response to the state of the economy.
c) Suppose the Fed sets the money supply well after people have set prices so that the Fed has collected more information about the state of the economy. Then monetary policy can be used systematically to stabilize output.
(a) Since people base their expectations of the price level EP on all the information at their disposal, only unexpected changes in the money supply have an impact on real GDP. Prices were set with the expectation of changes in the money supply, but these changes had no real consequences.
(b) Monetary policy cannot be employed consistently to stabilize output if the Fed sets the money supply at the same time that prices are set, giving everyone the same understanding of the state of the economy. Therefore, maintaining a steady money supply will have the same practical results as changing it in response to the health of the economy.
(c) Monetary policy can be used systematically to stabilize output if the Fed sets the money supply after market participants have fixed prices and have gathered more data about the status of the economy.
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A production budget should include which of the following?
- types and capacities of machines
- economic quantities to produce
- available resources
The sales forecast and the anticipated amount of finished goods inventory are combined to generate the production budget, which determines the required number of product units.
A creation spending plan ought to incorporate kinds and limits of machines, monetary amounts to deliver, accessible assets.
What is the first step in the process of controlling the budget?Having a written strategic plan is the first step in budgeting. This guarantees that the organization's resources are utilized to support its strategy and growth.
What are the four budgeting stages?The national government's budgeting process consists of four distinct phases: preparation, authorization, implementation, and accountability of the budget Even though they are distinct processes, their implementation during a budget year overlaps.
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assume that the central bank buys securities from member banks using open-market operations. which of the following will decrease in the short run? group of answer choices investment taxes interest rate aggregate demand
With an assumption that the central bank buys securities from member banks using open-market operations, it will decrease B: interest rate in the short run.
The term open market operations refer to the sale and purchase of government securities in the open market by the central bank of any country. The purpose is to regulate the money supply in the economy. When the central bank purchases securities on the open market, then it will have some effects such as increasing the reserves of commercial banks increasing the price of government securities, and decreasing interest rates in order to encourage business investment.
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derp corporation has issued 4% convertible debentures maturing in 2042. the conversion price is $25 and the common stock is currently trading at $30 per share. one would expect the derp debentures to be selling
The common stock is trading for $30 per share right now, and the conversion price is $25. The derp debentures should be trading at around $48 per share, as expected.
Here, the parity price must be calculated first. The debenture is convertible into 25 shares of the company's ordinary stock at a conversion price of $40 (par value of $1,000 divided by $30 equals 25 shares). The parity price of the stock would be $48 with a current market price of $1,200. The stock should currently be worth somewhat less than $48 per share on the market because convertible securities often trade at a modest premium to its parity price.
Shares of publicly traded corporations can be bought and sold on a number of exchanges together referred to as the stock market. Such financial transactions are made through official exchanges and over-the-counter (OTC) markets that follow a set of rules.
The terms "stock market" and "stock exchange" are frequently used synonymously. On one or more of the stock exchanges that make up the broader stock market, traders can buy and sell shares of stock.
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step 1 of preparing a spreadsheet for the statement of cash flows is to a.enter the balance of each balance sheet account. b.list the title of each balance sheet account in the accounts column. c.add the column totals. d.analyze the change during the year in each noncash account and classify the change.
List the names of all the balance sheet accounts in the accounts column as the first step in creating a spreadsheet for a statement of cash flows. The right response in this case is option B.
A "statement of cash flows," also known as a cash flow statement, is created using a cash flow template, which is a prestructured document. One of the four important financial statements provides information on how much money entered and left your company over a given time period.
The goal of a cash flow statement is to give a thorough account of what occurred to a company's cash over a given time period, sometimes referred to as an accounting period. Based on how much money is coming into and going out of a firm, shows how well-equipped an organization is to run both short- and long-term.
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consider a competitive market with a large number of identical firms. the firms in this market do not use any resources that are available only in limited quantities. in long-run equilibrium, market price is determined by
A. the portion of the marginal cost curve below average variable cost. B. the minimum point on the firms' average variable cost curve. C. a firm's level of sunk costs. D. the minimum point on the firms' average total cost curve.
In limited quantities. in long-run equilibrium, market price is determined by
the minimum point on the firms' average total cost curve.
Hence, Option D is correct.
An increase in demand generates economic profit in the short run and encourages entry in the long run in a perfectly competitive market in long-run equilibrium.It generates economic losses in the short run and forces some businesses to leave the industry in the long run.Quantity of factors, factor quality, technological level, production efficiency, and government policies with long-term impacts are all elements that affect aggregate supply over the long term.To know more about Long run here
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snow corp sells bonds to sled corp on january 1, 2010 that will mature in 10 years. the face value of the bonds is $50,000 and the annual stated rate is 6%. the bond pays interest annually on december 31. the market rate for the snow corp bonds is 4% on 1/1/2010, 8% on 6/30/2010, and 10% on 12/31/2010. the fair market value of the bonds on december 31, 2010 is equal to $38,481.95. assume that all fair-market value adjustments (if needed) are made at the end of the year (december 31). answer the following questions with the above information.
As per the market rate, the fair-market value adjustments are made at the end of the year is 6%
The term market value in economics refers the price of something, such as an asset that's determined by the supply and demand of the asset in the marketplace.
Here we have given that
And we need to find the fair-market value adjustments (if needed) are made at the end of the year.
Here let us assume a corporation issues $10,000,000 of bonds having a stated interest rate of 6% and maturing in 10 years.
Which means that the corporation agrees to pay interest of $300,000 semiannually, then it can be computed as,
=> ($10,000,000 X 6% X 1/2 year) at the end of each of the 20 semiannual periods.
Here at the time the bonds mature the corporation agrees to also pay $10,000,000.
Therefore these cash amounts will not change even if there are significant changes in the market interest rates.
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Using the 4 C's, we consider a variety of costs associated with the purchase of a product. Cost in the Four C's model is similar to ________using the Four Ps. a). price b). place c). promotion d). product
We take into account a range of expenses related to the purchasing of a product using the 4 Cs. The Four C's model of cost is similar to price using the Four Ps.
The four Ps of product, pricing, place, and promotion allude to the goods your business sells and how to convince customers to buy them. Stakeholders, costs, communication, and distribution channels are all various facets of how your business operates and are collectively referred to as the "4Cs."
Pricing experts frequently employ the four Cs to define a price: the consumer, costs, competition, and constraints. The ideas center on the consumer's requirements and wants, the expense of meeting those needs and wants, and the ease of purchasing the goods. The marketing mix is another name for the four Cs.
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GAAP requires that all exchange transactions be recorded at the fair value of the exchanged assets. Thus, except in the rare case that the book value and the fair value of exchanged assets are identical, gains (or losses) on exchanges should be expected to be recognized.False
A kind of the assigned carrying amount of the AIR asset will normally be lower if two or more widely recognized accounting standards are used.
When assets are bought in exchange for a note with no interest, at what price should they be recorded?Its fair value is referred to as "boot" when money or other items are received in return. Plant assets acquired in exchange for a note bearing no interest should be recorded at the note's present value.
Which assets are valued at fair market value?Fair value is the agreed-upon actual value of an item, such as a good, stock, or security, between the buyer and the seller. An item that is sold or traded in has a fair worth.
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metlock inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product.
The material, labour and total price variance is computed in the tables as below for metlock inc.
Both the direct materials and the direct labour variances in cost accounting have a price/rate and a quantity/efficiency component. These variances are favourable if the actual cost is lower than the standard allowed, and unfavourable if it is higher.
Actual quantity x actual price/rate Actual quantity x standard price/rate Standard quantity x standard price/rate
Direct materials $7,600 $7,410 (1,900 x $3.90) $8,073 ((230 units x 9 pounds) x $3.90)
Direct labor $7,630 $7,700 (700 x $11) $7,590 ((230 units x 3 hours) x $11)
Material variances:
Formula Variance
Total material variance (AQ x AP) - (SQ x SP) $7,600 - $8,073 = $473 F (because actual is better than budget)
Material price variance (AQ x AP) - (AQ x SP) $7,600 - $7,410 = $190 U
Material quantity variance (AQ x SP) - (SQ x SP) $7,410 - $8,073 = $663 F
Labour variances:
Formula Variance
Total labour variance (AH x AR) - (SH x SR) $7,630 - $7,590 = $40 U (because actual is worse than budget)
Labor Rate variance (AH x AR) - (AH x SR) $7,630 - $7,700 = $70 F
Labor efficiency variance (AH x SR) - (SH x SR) $7,700 - $7,590 = 110 U
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Last year, Maxim convinced his boss to allow him to invest in an expensive customer relationship management software package so that all customer data could be consolidated in one place. Maxim and his team worked together to research various options and choose what they all agreed was the best solution, and everyone was eager to go through the training process. Since then, however, Maxim’s team has had trouble adapting to the software, which can be cumbersome to use. And because it doesn’t have the exact features they need, team members frequently keep their own records outside the system. Maxim has encouraged his team to try harder to learn the CRM system and keep all data within it. Which cognitive bias is most likely to be influencing him in this situation?
Question 5 options:
a)
Emotion
b)
Prospect theory
c)
Overconfidence
d)
Escalating commitment
Emotion cognitive bias is most likely to be influencing him in this situation.
Cognition and Emotion is a peer-reviewed medical journal with a particular recognition on the interaction among wondering and feeling, or cognition and emotion. inside Western idea, cognition and emotion have traditionally been conceived as adversaries.
The cognitive thing is defined as how we interpret emotions and consider conditions. The physiological component is how the body reacts to an emotion. as an example, earlier than sitting an exam, your body feels sweaty, and your heart beats faster. The behavioural components is the way you explicit and show your emotion.
emotions are not innately programmed into our brains, but, in reality, are cognitive states because of the gathering of records.
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