Answer:
Market power.
Explanation:
Market power is also called monopoly power, and is defined as the ability of a firm to raise prices of its products above normal competitive prices of other fish in the market. Theses forms are able to raise prices without losing their customers. Price control is done by manipulating demand and supply of their products.
Apple has gained market power by convincing consumers that its products are special and more luxurious than others on the market. So they can increase price above the normal market level and still maintain their customer base.
The team that is planning the annual company sales meeting has members in several offices. They need to have a conversation about the agenda for the sales meeting. Which of the following will they most likely use?a. e-mail. b. blog posts. c. a conference call. d. social networking.
Answer:
C
Explanation:
The question is asking what method of communication will be used by a team having to plan for the annual sales meeting.
This can be achieved by having a conference call. A conference call will provide the necessary framework needed by the members of the committee to communicate their thoughts effectively to all other members of the group. With conference call, opinions of each member can easily be passed or related to the other group members instantly
An overall increase in spending by manufacturing businesses is likely to have which effect?
A fewer exports
B greater employment
C lower consumer prices
D increased household saving
Answer:
B. greater employment
Explanation:
"Consumer spending" drives any country' economy. When consumer spending increases, the manufacturing businesses tries to meet the demand by increasing their spending. This means that the manufacturing companies need to hire more workers in order to continue its operations. So, this leads to a greater employment. When the output they produce creates a surplus, it results to many exports rather than fewer exports.
So, this explains the answer.
TransAm Mail Service purchased equipment for $2,500. TransAm paid $400 in cash and signed a note for the balance. TransAm debited the Equipment account, credited Cash and:________.a. nothing further must be done.
b. credited another asset account for $400.
c. credited a liability account for $2,100.
d. debited the retained earnings account for $2,100.
Answer:
c. credited a liability account for $2,100
Explanation:
The complete journal entry would be:
Account Debit Credit
Equipment $2,500
Cash $400
Accounts Payable $2,100
Accounts payable is a liability account that represents the balance that TransAm Mail Service has not yet paid.
Suppose you are a manager of a factory. You purchase four (4) new machines at one million dollars each. If you can resell two of the machines at $500,000 each and the other two machines at $200,000 each, what are the sunk costs of purchasing the machines
Answer:
$2,600,000
Explanation:
Sunk cost refers to the costs that cannot be recovered by the businesses.
Sunk costs:
= Cost incurred - Cost recoverable
= (4 × $1,000,000) - [(2 × $500,000) + (2 × $200,000)]
= $4,000,000 - ($1,000,000 + $400,000)
= $4,000,000 - $1,400,000
= $2,600,000
Therefore, the sunk costs of purchasing the machines is $2,600,000.
In the product imitator strategy, the order winner is _______ for the customer; whereas, in the product innovator strategy, the order winner is _________:
Answer:
price, flexibility
Explanation:
Order winner refers to those product characteristics or traits that would induce the customer to purchase the product.
Under the product imitator strategy, a successful brand's products are imitated via similar attributes or via packaging and labeling.
In case Product Imitator Strategy is followed, the order winner from the perspective of the buyer is the price which means if buyer gets similar variant of a highly successful product, lower price would induce a purchase.
Similarly, in case of product innovator strategy, wherein by creativity and innovation a new unique product is created, the order winner is flexibility with respect to resource availability and deployment.
Final answer:
In a product imitator strategy, the order winner is price, while in a product innovator strategy, it is innovation. Imitators compete on cost, whereas innovators focus on creating unique, cutting-edge products.
Explanation:
In the product imitator strategy, the order winner is often price for the customer; whereas, in the product innovator strategy, the order winner is innovation. The imitator strategy focuses on entering markets with products that are similar to the existing offerings but at a lower cost, making price the key competitive advantage. On the other hand, the innovator strategy relies on developing new and unique products, which lures customers through novelty and advanced features, positioning innovation as the primary factor for winning orders.
Hamilton Company uses job-order costing. Manufacturing overhead is applied using a predetermined rate of 150% of direct labor cost. Any underapplied or overapplied manufacturing overhead is closed to Cost of Goods Sold at the end of each month. Additional information is available as follows: ° Job 101 was the only job in process at January 31. The job cost sheet for this job contained the following costs at the beginning of the month: ° Jobs 102, 103, and 104 were started during February. ° Direct materials requisitions for February totaled $26,000. ° Direct labor cost of $20,000 was incurred for February. ° Actual manufacturing overhead was $32,000 for February. ° The only job still in process at February 28 was Job 104, with costs of $2,800 for direct materials and $1,800 for direct labor. The cost of goods manufactured for February was: (Points : 2) A. 77,700 B. 78
The cost of goods manufactured for February is $78,000.
Explanation:To calculate the cost of goods manufactured, we need to consider the direct materials, direct labor, and manufacturing overhead. Direct materials for February totaled $26,000, and direct labor cost was $20,000. The predetermined rate for manufacturing overhead is 150% of direct labor cost, so the applied manufacturing overhead is $30,000 (150% of $20,000). The actual manufacturing overhead is $32,000. To find the underapplied or overapplied manufacturing overhead, we subtract the applied manufacturing overhead from the actual manufacturing overhead, which gives us $2,000 overapplied overhead. Therefore, the cost of goods manufactured for February is $78,000 ($26,000 + $20,000 + $30,000 - $2,000).
Learn more about the cost of goods manufactured here:https://brainly.com/question/34217201
(A) 77,700 ; The cost of goods manufactured for February was $77,700, calculated using the predetermined overhead rate and direct material and labor costs.
Calculate the predetermined manufacturing overhead rate:
150% x $20,000 = $30,000.Determine the total manufacturing overhead applied:
$30,000 x 500% = $15,000.Calculate the cost of goods manufactured:
Direct materials + Direct labor + Applied overhead =
$26,000 + $20,000 + $15,000 = $61,000.Add the beginning Work in Process (Job 101) costs of $16,700 to get the total cost of goods manufactured for February:
$61,000 + $16,700 = $77,700.Complete the following MRP record and provide the planned order releases for Week 1. Lead time is 2 weeks. Safety stock is 3. Use LFL lot sizes.
Part X Week
1 2 3 4
Gross Requirements 32 16 34 40
Scheduled Receipts 10
Projected On-Hand inventory 46
Planned Order Releases
a. 29
b. 26
c. 14
d. 34
Answer:
The correct answer is "a" = 29
Explanation:
The workings are attached:
Jane and Joseph Sechrist signed a contract to have a swimming pool built in their backyard for $10,000. The salesman for the pool company signed the contract as well on a space marked "Salesperson." Two days after the contract was signed, the salesman called the Sechrists back and asked them to come in and sign a new contract for $11,000 because the vice president had not approved the original price. Jane has checked the contract and discovered that there is no language that requires the approval of anyone other than the salesperson. Jane and Joseph can have their pool built for $10,000 because: a. the salesman had at least apparent authority to bind the pool company. b. of misrepresentation. c. the pool company has ratified the contract. d. the pool company was bound once Jane and Joe signed the contract.
Answer:
A) the salesman had at least apparent authority to bind the pool company.
Explanation:
In this case, the salesperson (or the agent) apparently had the authority to sing a contract representing the pool company. The contract even had a specific place for him to sign.
Apparent authority is defined as a situation where a reasonable person (Jane and Joseph) will believe that the agent (salesperson) has authority to act on behalf of the principal (pool company). If such a situation exists, then the principal is bound by the agent's actions.
An individual buys stock at $40 per share. Many years later, the individual dies when the market value is $60. The estate distributes the shares to a beneficiary when the stock is worth $70. What is the cost basis to the beneficiary
Answer:
$60
Explanation:
An individual buys stock at $40 per share. Many years later, the individual dies when the market value is $60. The estate distributes the shares to a beneficiary when the stock is worth $70. Therefore the cost basis to the beneficiary is
The cost basis by definition is usually equal to the fair market value of the property or asset at the time of the decedent's death or when the actual transfer of assets was made.
However for the purpose to be served to reduce the tax due on the inheritance, we have chosen to opt for the fair market value of the property or asset at the time of the decedent's death which is $60
Puff Co. acquired 40% of Straw, Inc.'s voting common stock on January 2, Year 1, for $400,000. The carrying amount of Straw's net assets at the purchase date totaled $900,000. Fair values equaled carrying amounts for all items except equipment, for which fair values exceeded carrying amounts by $100.000. The equipment has a five-year life. During Year 1, Straw reported net income of $150,000. What amount of income from this investment should Puff report in its Year 1 income statement if Puff uses the equity method to account for the investment?
Answer:
Investment revenue = $52,000
Explanation:
Since Puff uses the equity method, the original journal entry to record the purchase of 40% of the shares should have been:
Dr Investment in Straw 400,000
Cr Cash 400,000
After one year, Straw earned $150,000 in net income, but it also had equipment with a fair market value higher than carrying value also depreciable by $100,000. So the net income must be adjusted = $150,000 - ($100,000 x 20%) = $130,000. The journal entry to record the adjusted income should be ($130,000 x 40%):
Dr Investment in Straw 52,000
Cr Investment revenue 52,000
Puff Co. should report $52,000 as income from the investment in Straw, Inc. on its Year 1 income statement under the equity method, accounting for its share of Straw's net income and adjusting for the amortization of the fair value excess of equipment.
Puff Co. acquired 40% of Straw, Inc.'s voting common stock for $400,000 when the carrying amount of Straw's net assets was $900,000. The fair value of the equipment was $100,000 more than its carrying amount. Since Puff Co. uses the equity method for accounting for this investment, it must recognize its share of Straw's net income and adjust for the excess of fair value over carrying amount.
Straw's net income for Year 1 is $150,000. Puff Co. would record 40% of this, which is $60,000, as its share of Straw's net income. However, we also need to factor in the excess fair value of equipment which is $100,000. Since the equipment has a five-year life, this excess should be amortized over five years. Thus, Puff Co. needs to recognize an additional $20,000 ($100,000/5 years) each year as additional expense. Subtracting 40% of $20,000 (which is $8,000) from Puff Co.'s share of Straw's net income ($60,000), we get $52,000 as the income from the investment Puff Co. should report in its Year 1 income statement.
Online sales increase ________ when compared to the performance of traditional brick and mortar retail stores. outbound transportation costs the inventory holding cost the cost of building and maintaining facilities in a supply chain network overall supply chain costs
Online sales increase outbound transportation costs when compared to the performance of traditional brick and mortar retail stores.
Explanation:The cost that is associated with all the activities of making the transport of goods and services from the point where it is manufactured to the point where it is consumed. There are two types of cost associated with the transportation of goods and services such as Inbound and outbound transportation costs.
Inbound transportation cost refers to the cost associated with the transport of goods and services into the location where the production takes place. It may be raw materials or any thing. The outbound transportation cost is associated with the cost that is incurred for transportation of goods and services outside the business location. It may be delivery of any finished goods. Thus, online sales increases the outbound transportation costs when compared to the performance of traditional brick and mortar retail stores.
Marcy owns a trucking company that hauls goods all over the country. Wilson contracts with Marcy's company to transport ten tractor-trailer loads of goods from Ohio to Texas. After delivery of the goods, Marcy learns that all the goods were stolen. The contract:_______.
a. is unenforceable, because the goods were stolen and Marcy's company cannot collect its fee.
b. is enforceable, because Marcy's company was justifiably ignorant of the fact that the goods were stolen.
c. is unenforceable unless Marcy's company can return the goods.
d. is unenforceable, and Marcy's company is now liable for the stolen goods.
Answer:
b. is enforceable, because Marcy's company was justifiably ignorant of the fact that the goods were stolen.
Explanation:
Marcy owns a trucking company that hauls goods all over the country. Wilson contracts with Marcy's company to transport ten tractor-trailer loads of goods from Ohio to Texas. After delivery of the goods, Marcy learns that all the goods were stolen. The contract: is enforceable, because Marcy's company was justifiably ignorant of the fact that the goods were stolen..
The contract that existed between Wilson and Marcy was that of delivery of Goods and that has been done by Marcy, hence Marcy is not liable under the contract agreement because he has fully discharged his responsibilities under the contract.
A party can only sue if he is involved in a contract and the other party fails to live up to their end of the contract.
If the goods were stolen in transit Wilson would have had the option of suing for breach of contract.
The most important source of inequality arises from a person's relationship to the means of production." This statement might be heard from a ______.
Answer:
The most important source of inequality arises from a person's relationship to the means of production." This statement might be heard from a Marxist.
Explanation:
According to Marxist theory, means of production are the factors formed by means of work and objects of work - or everything that mediates the relationship between human work and nature, in the process of transforming the nature itself in order to produce something.
According to Marxist theory, the human labor force and the means of production constitute the productive forces, which, together with the relations of production (social and technical). Each mode of production corresponds to a social structure - that is, a way of organizing society - and a certain pattern of relations between members of society. According to Marxist theory, the capitalist mode of production corresponds to a class structure, in which the ownership of the means of production determines the position of the bourgeoisie as the dominant class
Answer:
The correct answer is Marxist.
Explanation:
Marxism is known as the set of ideas, concepts, theses, theories and proposals of a philosophical, ideological, political and economic nature, as well as a certain conception of the world, social and political life, which derives from the work of Karl Marx and Friedrich Engels, and that has a doctrinal character.
Thus, Marxism is a current of thought, a theoretical-explanatory model of human reality that has served as the ideological basis of what is known as historical and dialectical materialism, of communism and of the different types of socialisms.
The Patriot Act requires that telecommunications carriers and manufacturers of telecommunications equipment modify and design their equipment, facilities, and services to ensure that they have built-in surveillance capabilities.1. True2. False
The Patriot Act requires that telecommunications carriers and manufacturers of telecommunications equipment modify and design their equipment, facilities, and services to ensure that they have built-in surveillance capabilities - False
Explanation:The ability of U.S enforcement of laws in the area of terrorism detection is improved with the help of this act called The Patriot Act. This was enacted in 2001. Th main aim of this act is providing the necessary tools for the identification and the elimination of terrorism in U.S.
The constitution is being violated by the section 215 of this act. The main violation is that Fourth Amendment. The main thing that is encapsulated in this amendment is the conduction of a search without having proper warrant or a reason for believing that a particular person has committed that crime.
Tenants in common vs joint tenants with rights of survivorship
Answer:
When two or more people own community property like a home, either as joint tenants or tenants in common, each individual owns a share (or interest) of the entire property
Explanation:
SIMILARITY
When two or more people own community property like a home, either as joint tenants or tenants in common, each individual owns a share (or interest) of the entire property. This means that specific areas of the property are not owned by one individual, but rather shared as a whole.
DIFFERENCE
1. Ownership Interest : Tenants in common may be created at different times; so an individual may obtain an interest in the property years after the other individuals have entered into a tenancy in common ownership BUT Joint tenants, on the other hand, must obtain equal shares of the property with the same deed at the same time.
2. Right of Survivorship : One of the main differences between the two types of shared ownership is that Joint tenants have right of survivorship and tenants in common do not.
One of the main differences between the two types of shared ownership is what happens to the property when one of the owners dies.
In Joint Tenants the interest of a deceased owner automatically gets transferred to the remaining surviving owners but not the case in tenants in common.
Tenants in common allows individual owners to pass their share through a will or intestacy, while joint tenancy includes a right of survivorship, where the deceased's share automatically passes to the surviving owners.
Differences Between Tenants in Common and Joint Tenants with Rights of Survivorship
When considering property ownership, particularly in real estate, understanding the types of joint ownership is crucial. The terms tenants in common and joint tenants with rights of survivorship refer to different arrangements of co-owning property, and the choice affects how property is transferred upon the death of one of the owners.
Tenants in common is a form of joint property ownership where each party has an undivided share in the property. Upon the death of one tenant, their share does not automatically transfer to the other tenants; instead, it becomes part of their estate and can be bequeathed to their heirs through a will or passed on according to state intestacy laws.
In contrast, joint tenants with rights of survivorship means that the property is owned jointly in equal shares, and upon the death of one joint tenant, the surviving joint tenants automatically inherit the deceased's share. This right of survivorship bypasses the probate process and often trumps provisions in a will or intestacy laws.
Understanding the implications of these two forms of property ownership helps avoid potential disputes, ensures clarity in the transfer of ownership, and helps individuals make informed decisions aligned with their estate planning goals.
Burger King licenses its brand name to foreign firms as long as they agree to run their restaurants on exactly the same lines as Burger King restaurants elsewhere in the world. In return, the foreign firms have to pay Burger King a percentage of their profits. This is an example of:______.a. exporting.b. entering a strategic alliance.c. franchising.d. undertaking a greenfield investment.e. offshoring.
Answer: Franchising.
Explanation:
As described in the question Burger King is taking part in franchising where it's company name and some key business information is shared with foreign companies and those company pay a little part of their profit to Burger King in return. Franchising is a business process which occurs when, a very successful/ well known business gives another business the right to use their business name and the known business gets paid a regular percentage of profit in return.
The hotel chain Ritz-Carlton uses the phrase "Ladies and gentlemen taking care of ladies and gentlemen" to demonstrate the company's cultural commitment to take care of both employees and customers. Which of the following is the Ritz-Carlton using to express its corporate culture?a. The company is expressing its key corporate value with a slogan.b. The company is using a ceremonial demonstration of its values.c. The company is conveying the value of its employees with a story.d. The company is illustrating its heroes with strong company values.
The company is expressing its key corporate value with a slogan is the Ritz-Carlton using to express its corporate culture.
Explanation:
The fundamental beliefs about which your organisation and your actions are founded are corporation values, also recognised as corporate values or fundamental values.
They are the concepts that your company uses to control its internal investigations and customer interactions.
Your core values if established must be strong and uncompromising – a guideline instead of a suggestion. They might affect each aspect of your business, from benefits for employees and culture throughout the work environment to marketing techniques and customer support.
You purchased a share of stock for $29. One year later you received $2.40 as dividend and sold the share for $28. Your holding-period return was _________.
Answer:
4.83%
Explanation:
Given that
Income = 28
End of period value = 2.40
Original value = 29
Recall that
HPR = ((Income + (end of period value - original value)) / original value) × 100
Therefore,
HPR = 28 + (2.40 - 29)/29 × 100
= (28 + ( - 26.6) / 29) × 100
= (1.4 / 29) × 100
= 0.04827 × 100
= 4. 83%
Answer:
4.83%
Explanation:
Given that
Income = 28
End of period value = 2.40
Original value = 29
Holding period return is calculated as Income + (end of period value - original value)) ÷ original value) × 100
Hence to calculate the Holding period value
= 28 + (2.40 - 29)/29 × 100
= (28 + ( - 26.6) / 29) × 100
= (1.4 / 29) × 100
= 0.04827 × 100
= 4. 83%
Sarah has recently started a restaurant in a commercial area where there are many other established restaurants and popular fast food chains. Sarah owns the plot on which her restaurant is located and this makes her cost of operations lower than the competitors. This factor allows her to offer her products at a competitive price. Sarah has also invested a huge amount on the interiors of the restaurant and in equipping the kitchen with the latest appliances used by her competitors. In this scenario, which of the following is the most valuable resource for Sarah's business?A. The investments made by Sarah on the restaurant's interiors
B. The latest kitchen equipment that is at par with the restaurant's competitors
C. The restaurant's late entry into the market
D. The land owned by Sarah, which reduces cost of operations
Answer:
(D) The land owned by Sarah, which reduces cost of operations
Explanation:
Owning a land in a commercial area is the most valuable resource for Sarah's business because it saves her from paying the rent and rent always increases per year. And often many businesses operational cost suffer due to rent especially in commercial areas.
The Dawson Company manufactures small lamps and desk lamps. The following shows the activities per product and the total overhead information: Setups Inspections Assembly (dlh) Small Lamps - 4,700 units 4,000 8,850 40,800 Desk Lamps - 10,900 units 8,000 14,750 40,800 Activity Pool Activity Base Budgeted Amount Setups 12,000 $128,400 Inspections 23,600 $127,440 Assembly (dlh) 71,400 $285,600 Calculate the total factory overhead to be charged to desk lamps.
Answer:
The total factory overhead to be charged to the desk lamps is $235,000
Explanation:
solution attached below
Final answer:
The total factory overhead to be charged to desk lamps using activity-based costing is $328,450.
Explanation:
To calculate the total factory overhead to be charged to desk lamps, we need to apply activity-based costing (ABC) by assigning the overhead costs proportionally based on the activities per product. The setup, inspection, and assembly costs must be apportioned to each product according to the respective activity bases provided.
First, we need to calculate the overhead rate per activity base:
Setup Overhead Rate = $128,400 / 12,000 setups = $10.70 per setupInspection Overhead Rate = $127,440 / 23,600 inspections = $5.40 per inspectionAssembly Overhead Rate = $285,600 / 71,400 direct labor hours (dlh) = $4 per dlhThen, the overhead charged to desk lamps is:
Setup: 8,000 setups × $10.70 = $85,600Inspection: 14,750 inspections × $5.40 = $79,650Assembly: 40,800 dlh × $4 = $163,200The total overhead charged to desk lamps is sum of the three calculated amounts:
Total Overhead for Desk Lamps = $85,600 + $79,650 + $163,200 = $328,450
A member firm receives a large block order to buy 100,000 shares of XYZ stock, which is not actively traded. Which customer(s) of the firm can buy XYZ stock prior to the filling of the block trade?
A. The registered representative who received the order
Correct Answer
B. Other customers of the firm who place buy orders, if the firm has information barriers in place
Incorrect Answer
C. Any customer of the firm who places an unsolicited order
D. No customer can buy the stock until the block order to buy is filled
Answer:
Other customers of the firm who place buy orders, if the firm has information barriers in place.
Explanation:
FINRA has strict rules against front running, and this is the process by which interested parties place orders for shares beforehand because they have insider information on how a share is going to perform in the future.
This rule is binding on any registered representative.
However if the firm has information barriers in place, any other customers that places a buy order will be assumed not to have insider knowledge of the share's expected performance. The FINRA rule is not binding on them.
A broker learns that one of his institutional clients is about to enter a buy order for 10,000 shares of ABC stock. The broker tells one of the principals of the broker-dealer and the broker-dealer immediately enters a proprietary buy order for 10,000 shares of ABC stock ahead of the client's order. This trade is generally prohibited as front running but would be permitted if:
[A] The firm can demonstrate that the trade is unrelated to the customer's block order
[B] The trade was made to fill or facilitate the customer's block order
[C] The trade is executed on a national stock exchange and in compliance with its rules
[D] All of the above.
Answer:
[D] All of the above.
Explanation:
Front running is the process by which a party to a share purchase has initial knowledge of the future market value of shares that are yet to be issued and makes a proprietary buy order for stock ahead of the client's order.
Normally this can be as a result of insider information which is prohibited, but the options above all allow this practice.
-If the firm can demonstrate that the trade is unrelated to the customer's block order
-If the trade was made to fill or facilitate the customer's block order
-If the trade is executed on a national stock exchange and in compliance with its rules
Read the passage. Then answer the question that follows.
Jimena recently took out a fixed-rate loan from a bank in order to purchase a new car. She agreed to repay the loan within five years. Unexpectedly, the inflation rate rose dramatically shortly after she took out the loan.
Will this situation provide more financial benefit to Jimena or the bank? Why?
A Jimena, because the value of the money she was loaned will increase
B the bank, because the value of the money it loaned to Jimena will increase
C Jimena, because she will repay the loan with money worth less than the money she was loaned
D the bank, because it will be repaid with money worth more than the money it loaned to Jimena
Answer:
C Jimena, because she will repay the loan with money worth less than the money she was loaned
Explanation:
In simple terms, inflation shows how money value decreases over time. If the inflation rate rose dramatically, that means the value of money will decrease at a higher rate.
In this case, the present value of money will be much higher than the future value. Jimena gets loaned as the present value, but she will pay it at the future value which worth less than the present.
Every day, people make decisions about spending that directly influence their quality of life. They make choices about how to earn money, save money, and spend money. Making wise and educated financial decisions improves quality of life, while making hasty and poor financial choices decreases quality of life.
Consider your personal financial situation and your future plans. In one paragraph, explain how your personal financial choices will affect your quality of life both now and in the years to come.
Answer: I have made a change in my financial part to think about having a more stable future.
Explanation:
Right now I am at a point where savings are a priority. A few years ago I was spending a lot of money and did not think long term. Last year I decided to grow financially and tour my life in that regard. Create two sources of savings. I have some savings that are for my future and other savings for travel. I do not take money from my savings for the future, I am prohibited. If an emergency arises, the money will go out of travel savings in case my emergency savings are not enough.
I am thinking long term. I am saving to buy real estate and then change my vehicle. I have two jobs, both where I have the flexibility and don't get overwhelmed. If you had not decided to put aside spending money excessively, you would have had nothing today and surely you could be suffering due to the changes we are currently going through.
Under the UCC, when the goods are in transit, if the seller or lessor learns that the buyer or lessee is insolvent, the seller or lessor can _______. Group of answer choices stop the carrier or bailee from delivering the goods not pay for the goods when they arrive seek a discount, since the seller is already in need of money and he or she will have to offer a lower price return the goods because doing business with an insolvent company does not look good to other businesses
Answer:
stop the carrier or bailee from delivering the goods.
Explanation:
Under section § 2-705 of the UCC the seller has the right to stop delivery of goods that is in the possession of the bailee or carrier if he discovers the seller is insolvent and unable to pay for the goods.
He may stop the delivery of planeload, carload, truckload or large freight until the buyer makes payment before delivery.
If the goods are already with the buyer he has 10 days to return the goods or make payment for them.
what is a(n) economic model?
Explanation:
It is an simplified version which makes us to understand and observe the "economic behavior"
It purely uses mathematical concepts and simplify the information and show only important or highlighting information.
You can alternatively use "economic theory" instead of "economic model"
A good economic model, will make the user to understand the complex information with the help of key pointers.
There are 2 broad classification of Economic model:
1. Theoretical
2. Empirical.
The commonly used economic model is the classic model, which constitutes of "The law of demand and the law of supply"
Final answer:
An economic model is a theoretical framework that simplifies and represents complex economic activities to help understand and predict economic outcomes utilizing variables and their quantitative relationships.
Explanation:
Economic Models Explained
An economic model is a simplified, theoretical representation of economic processes. These models are constructed using variables and their relationships to illustrate complex aspects of the economy. They often utilize mathematical tools to analyze and fit theories to economic scenarios with the goal of making predictions and explaining economic phenomena. In essence, they provide a framework to help economists and policymakers understand how different factors in an economy interact with each other.
Economists reason with models by removing non-essential details, thereby creating a clearer view of economic relationships and outcomes. Economic models may take various forms, including graphical illustrations such as supply and demand curves, or mathematical equations. While these models are based on assumptions that do not perfectly reflect reality, they are crucial for breaking down complex economic activities into more manageable and understandable components.
As tools for simplification, economic models are not without limitations. They cannot account for every aspect of economic behavior or every individual interaction. However, they serve an invaluable purpose by highlighting essential trends and patterns that enable better decision-making and forecasting in the realm of economics.
If your bank pays you an interest rate of 6% and the inflation rate is 2% then your real rate of return is 8%.
Answer:
Real rate of return= 4%
Explanation:
Giving the following information:
If your bank pays you an interest rate of 6% and the inflation rate is 2% then your real rate of return is 8%.
False, the inflation rate decreases the value of money over time. Therefore, the inflation rate rests value to the interest rate.
Real rate of return= 0.06 - 0.02= 0,04= 4%
A datacenter recently experienced a breach. When access was gained, an RF device was used to access an air-gapped and locked server rack. Which of the following would BEST prevent this type of attack?
A. Faraday cage
B. Smart cards
C. Infrared detection
D. Alarms
Answer:
a. Faraday cage
Explanation:
Faraday cage -
It refer to as a shield which helps to block any electromagnetic fields , is referred to as faraday cage .
It is also known as Faraday shield .
In a Faraday cage , a mesh or covering conductive material is added to block any electromagnetic field .
Hence , from the given information of the question ,
The correct answer is a. Faraday cage .
Every customer that exited the store was subjected to close scrutiny of their shopping cart and receipt by a highly trained inspector. This activity would be represented on a process map with which symbol?
Answer:
O
Explanation:
To record on a map the activity of every customer that exited the store, who was subjected to close scrutiny of their shopping cart and receipt by a highly trained inspector, the symbol to use in this scenario is ○.
Cheers
When sport leagues do not expand into a market that can support a franchise, or when they create rules to limit the movement of existing franchises, what economic concepts is being applied?
Answer:
scarcity
Explanation:
Based on the information provided within the question it can be said that this scenario is causing the economic concept of scarcity to be applied. In the context of economics, this term refers to something that is being limited and thus creating a gap between the limited resource and the possible limitless wants/demand that may exist.