Answer:
Quantity demanded for balloons will increase.
Explanation:
According to the law of demand, there is an inverse relationship between the price of the commodity and the quantity demanded for that commodity.
This means that if there is an increase in the price of a good then as a result the quantity demanded for that good decreases and on the other hand if there is a fall in the price of a good then as a result the quantity demanded for that good increases.
Therefore,
Fall in the price of balloons will lead to increase the quantity demanded for balloons.
If $1,000,000 of 9% bonds are issued at 102 3/4, the amount of cash received from the sale is
a.$1,090,000
b.$1,027,500
c.$1,000,000
d.$750,000
Answer:
b.$1,027,500
Explanation:
First we need to find the number of bonds issued so we will divide 1,000,000 by 100 as we assume 100 is the face value. 1,000,000/100=10,000
Now we will multiply the number of bonds by the issue price in order to find the amount of cash received.
10,000*102.75=1,027,500
When most economists wake up in the morning, their first decision is whether or not to his the snooze button on the alarm clock.
A) I had a really late night grading exams, and I deserve 10 more minutes of sleep.
B) The total amount of work I have to do today is rather small, so the total benefit to going to work for a full 8 hours is also small.
C) The total amount of work I have to do today is rather small, so the marginal cost of going to work 10 minutes late is small.
D) The total amount of work I have today is rather small, so the marginal benefit of sleeping 10 more minutes is rather large,
E) The marginal benefit of sleeping 10 more minutes is greater than the marginal benefit of 10 more minutes of work.
Answer:
The correct answer is letter "E": The marginal benefit of sleeping 10 more minutes is greater than the marginal benefit of 10 more minutes of work.
Explanation:
Marginal Benefit is an economic term that describes the maximum amount a consumer is willing to pay for an additional unit of a good or service. Typically, the marginal benefit decreases as long as the person consumes more of that good or service. The price-benefit relationship is inversely proportional.
In the example, the marginal benefit of sleeping 10 minutes more must be greater than the marginal benefit of working 10 more minutes if economists choose to sleep a little bit more.
You share a cab ride with your company's CEO and he talks enthusiastically about the __________, that can be achieved when the subsystems of the organization are managed to contribute more than the sum of their parts.
A. Contingency View
B. Synergy
C. System Thinking
D. Total quality management
Answer:
The correct answer is letter "B": Synergy.
Explanation:
Synergy is the belief that the whole is more than the sum of all its parts. In Business, synergy implies that the whole organization is more important than the individual effort of the employees. This approach aims to let workers know that their joint work is more valuable than their isolated performance.
Synergy is the correct answer. It refers to the situation where the combined effect of the components in a system is greater than the sum of their individual effects. This can be experienced within an organization when the subsystems are well-coordinated for maximum efficiency.
The correct answer to this question is B. Synergy. The term 'synergy' refers to a situation where the combined effect of the components or contributors in a system is greater than the sum of their individual effects. In the context of an organization, when the subsystems are managed effectively to contribute more than their individual capacities, it results in synergy, which gives the organization a competitive advantage. For example, in a team where each individual is good at something different, when they work together under the umbrella of a single project, their combined skills can create a superior result compared to if they were working individually.
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Preparing a trial balanceSmithson Floor Coverings reported the following summarized data at December 31, 2018. Accounts appear in no particularorder, and all have normal balances.Service Revenue 8 26.000 Salaries Payable $ 25,000Equipment 36,000 Salaries Expense 1,600Rent Expense 17,000 Cash » 7.000Common Stock 24.000 Accounts Receivable 3.600Accounts Payable 2.200 Interest Payable 6,000Dividends 16,100 Utillties Expense 1.900Prepare the trial balance of Smithson Floor Coverings at December 31, 2018.
Answer:
Smithson Floor Coverings
Trial Balance
As at 31st December 31, 2018
Account Dr ($) Cr($)
Revenue 26,000
Salaries Payable 25,000
Equipment 36,000
Salaries Expense 1,600
Rent Expense 17,000
Cash 7,000
Common Stock 24,000
Accounts Receivable 3,600
Accounts Payable 2,200
Interest Payable 6,000
Dividend 16,100
Utilities Expense 1,900
83,200 83,200
Explanation:
In accounting, liability, Income and equity items have credit balances while assets and expenses have debit balances.
With that background, Start by picking balance relating to income and post them to the credit side of the trial balance, like revenue.
After that, pick balance relating to liability post them to the credit side of the trial balance, like trade payable.
Then pick balance relating to equity item, post them to the credit side of the trial balance, like common stock.
After this, pick items relating to asset and post them to the debit side of the trial balance, like trade receivables. Then, pick items relating to expenses and then post them to the debit side of the trial balance.
At the end, all income, liability and equity item balances are posted to the credit side of the trial balance while assets and expenses item balances are posted to the debit side. And two sides balance.
Remember the purpose of a trial balance is to check the arithmetical accuracy of ledger balances and that was exactly what was done above.
Final answer:
A trial balance for Smithson Floor Coverings on December 31, 2018, lists out all asset accounts with debit balances and liability or equity accounts with credit balances, ensuring that the sum of debits equals the sum of credits.
Explanation:
To prepare the trial balance of Smithson Floor Coverings on December 31, 2018, you must list all the accounts and their balances in the appropriate debit or credit column. Since all accounts have normal balances, Service Revenue, Common Stock, Accounts Payable, Salaries Payable, and Interest Payable will have credit balances, while the others will have debit balances. Here is the trial balance:
Equipment - $36,000 (Debit)
Cash - $7,000 (Debit)
Accounts Receivable - $3,600 (Debit)
Salaries Expense - $1,600 (Debit)
Rent Expense - $17,000 (Debit)
Utilities Expense - $1,900 (Debit)
Dividends - $16,100 (Debit)
Service Revenue - $26,000 (Credit)
Common Stock - $24,000 (Credit)
Accounts Payable - $2,200 (Credit)
Salaries Payable - $25,000 (Credit)
Interest Payable - $6,000 (Credit)
The total of the debit and credit columns should be equal to ensure the accuracy of the entries, representing the balance sheet's equation where Assets = Liabilities + Equity.
Spartan castings must implement a manufacturing process that reduces the amount of particulates emitted into the atmosphere. Two processes have been identified that provide the same level of particulate reduction. The first process is expected to incur $350,000 of fixed cost and add $50 of variable cost to each casting Spartan produces. The second process has fixed costs of $150,000 and adds $90 of variable cost per castings.
What is the break-even quantity beyond which the first process is more attractive?
What is the difference in total cost if the quantity produced are 10,000?
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
The first process;
Fixed costs= $350,000
Variable cost= $50
The second process:
Fixed costs= $150,000
Variable costs= $90
To calculate the break-even quantity we need to use the following procedure:
350,000 + 50*X= 150,000 + 90*X
X= number of units
200,000=40X
5,000=X
From 1 to 4,999 units, the second process is more convenient regarding costs. From 5001 to infinity the first process is more cost-efficient.
10,000 units:
First process= 350,000 + 50*10,000= $850,000
Second process= 150,000 + 90*10,000= $1,050,000
1. The break-even quantity beyond which the first process is more attractive is 5,000 castings. 2. The difference in total cost if the quantity produced are 10,000 is $200,000.
To find the break-even quantity and the difference in total cost for producing 10,000 castings using each process, we'll first calculate the total cost for each process, and then compare them.
1. Break-even Quantity:
Let Q be the number of castings produced.
For the first process:
- Fixed cost = $350,000
- Variable cost per casting = $50
Total cost ( [tex]TC_1[/tex] ) for the first process:
[tex]TC_1 = 350,000 + 50Q[/tex]
For the second process:
- Fixed cost = $150,000
- Variable cost per casting = $90
Total cost ( [tex]TC_2[/tex] ) for the second process:
[tex]TC_2 = 150,000 + 90Q[/tex]
To find the break-even quantity beyond which the first process is more attractive, we set the total costs equal and solve for Q :
350,000 + 50Q = 150,000 + 90Q
40Q = 200,000
Q = 5,000
Therefore, the break-even quantity beyond which the first process is more attractive is 5,000 castings.
2. Difference in Total Cost for 10,000 Castings:
For the first process:
[tex]TC_1 = 350,000 + 50 \times 10,000 = 350,000 + 500,000 = 850,000[/tex]
For the second process:
[tex]TC_2 = 150,000 + 90 \times 10,000 = 150,000 + 900,000 = 1,050,000[/tex]
The difference in total cost for producing 10,000 castings using each process is:
[tex]TC_2 - TC_1 = 1,050,000 - 850,000 = 200,000[/tex]
Therefore, the difference in total cost is $200,000.
The complete question is:
Spartan castings must implement a manufacturing process that reduces the amount of particulates emitted into the atmosphere. Two processes have been identified that provide the same level of particulate reduction. The first process is expected to incur $350,000 of fixed cost and add $50 of variable cost to each casting Spartan produces. The second process has fixed costs of $150,000 and adds $90 of variable cost per castings.
1. What is the break-even quantity beyond which the first process is more attractive?
2. What is the difference in total cost if the quantity produced are 10,000?
In which phase of the job search cycle will you write a thank-you letter to the company following your interview?
a. Create Your Resume
b. Apply for Jobs
c. Shine at Interviews
d. Connect, Accept, and Succeed
Answer:
c. Shine at Interviews
Explanation:
We write a thank-you letter to the company after shine at Interviews in order to follow up
Federal subsidies that are only given to dairy farmers who own more than one hundred cows may raise concerns about the ______ of the policy.
Answer:
The correct word for the blank space is: equity.
Explanation:
People expect the government to implement policies that will boost the overall economy and that will provide equal opportunities. Though, sometimes certain criteria must be met so those policies can apply. This causes people who are not eligible to access the policies' benefits to believing the regulation itself does not have an equity principle.
A broker answered a call. A prospective buyer wants to see the home he drove by over the weekend. Feeling uncomfortable; for safety reasons the broker should:
Answer:
The correct answer is: insist they meet at the office before going out and showing the property.
Explanation:
In case Real Estate brokers are unsure to meet a prospective buyer of one of the properties they are selling, they could offer them to meet in the office where the broker's work to find out how serious this caller could be. Brokers could provide information on other similar properties they are offering as well during that appointment so the prospective buyer will not feel uncomfortable with the fact of going to the office first instead of meeting at the property of interest directly.
Which of the two project below would you pursue, if you based the decision on ROI (Discount rate: 10%)? Project 1 had a cash flow as follows: Year 0: -5K, Year 1: 3K, Year 2: 2K, Year 3: 1K Project 2 had a cash flow as follows: Year 0: -7K, Year 1: 5K, Year 2: 3K, Year 3: 2K
Answer:
Project 2 should be accepted as it's net present value (NPV) is higher
Explanation:
Project 1
Year Cash Flows Discounting factor @10% Present Value(in $)
0 (5000) 1 (5000)
1 3000 0.909 2727
2 2000 0.826 1652
3 1000 0.751 751
NPV $130
Year Cash Flows Discounting Factor @10% Present value (in $)
0 (7000) 1 (7000)
1 5000 0.909 4545
2 3000 0.826 2478
3 2000 0.751 1502
NPV $1525
Note: Cash flows in brackets denote cash outflows or negative cash flows.
The question is about comparing the ROI of two projects. After calculating the discounted cash flow of each project, we find that Project 2 has a higher present value, thus it is the better project to pursue based on ROI.
Explanation:The subject is about return on investment (ROI). To calculate ROI, we must compute the present value of expected cash flows and compare them for both projects. The present value calculation discounts future cash flows against a chosen rate, in this case, a discount rate of 10%.
For Project 1: the present value = -5K + 3K/(1+0.10) + 2K/(1+0.10)^2 + 1K/(1+0.10)^3 = $0.12K.
For Project 2: the present value = -7K + 5K/(1+0.10) + 3K/(1+0.10)^2 + 2K/(1+0.10)^3 = $0.66K.
Since Project 2 has a higher present value, it is the one you'd want to pursue based on ROI.
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When total debits equal total credits on a trial balance, we can be assured that no errors of any sort occurred during the preceding steps in the accounting cycle.A. TrueB. False
Answer:
B. False
Explanation:
When total debits equals to total credits on a trial balance, we can't assured that there are no errors of any sort occurred during the preceding steps in the accounting cycle.
Following Accounting Errors may result in Balanced Trial Balance
Errors of omissions
Errors of commissions
Errors of misposting
Compensating errors
Errors of Principle
Considering the example of Buhrke Industries from chapter 1 of the text, which form of value chain does Buhrke Industries employ? a. Input-output b. Pre- & post- production services c. Hierarchical supply chain
Answer:
a. Input-output
Explanation:
Considering Buhrke receives materials from suppliers, and produces output (goods) from it, they utilize an input-output value chain. It means that focus is put on the actual creating of value using input operations. Since the source of their income is the selling of goods, the input-output model describes the steps that transform raw materials into final goods.
Calgary Paper Company produces paper for photocopiers. The company has developed standard overhead rates based on a monthly capacity of 80,000 direct-labor hours as follows:
Standard costs per unit (one box of paper):
Variable overhead (3 direct-labor hours @ $4) $12
Fixed overhead (3 direct-labor hours @ $12) $36
Total $48
During April, 26,000 units were scheduled for production: however, only 20,000 units were actually produced. The following data relate to April.
Actual direct-labor cost incurred was $1,425,000 for 75,000 actual hours of work.
Actual overhead incurred totaled $1,372,500, of which $472,500 was variable and $900,000 was fixed.
Required:
Prepare two exhibits which show the following variances. State whether each variance is favorable or unfavorable, where appropriate.
1. Variable-overhead spending variance.
2. Variable-overhead efficiency variance.
3. Fixed-overhead budget variance.
4. Fixed-overhead volume variance.
5. Variable-Overhead Spending and Efficiency Variances.
Answer:
1. Variable-overhead spending variance. = $ 172,500 (favorable)
2. Variable-overhead efficiency variance. = $ 20,000 Favorable
3. Fixed-overhead budget variance. ( is not applicable)
4. Fixed-overhead volume variance. $ 60,000
5. Variable-Overhead Spending and Efficiency Variances.
$ 172,500 (fav) and $ 20,000 ( fav)
Explanation:
1. Variable-overhead spending variance=
Actual Variable Factory Overhead = $ 472,500
Variable Expense ( 75,000 actual hours at $ 4) = $ 300,000
Variable OH Spending Variance= $ 172,500 (favorable)
2. Variable-overhead efficiency variance.
Actual hours ( 75,000 ) * Standard OH rate= $ 300,000
Overhead charged to Production ( 80,000 * 4) = $ 320,000
Efficiency variance $ 20,000 Favorable
3. Fixed-overhead budget variance.
Fixed Expense Actual = $ 900,000
Fixed Expense Budgeted = ( 75000 Hours @ 12)= $ 900,000
Fixed OH Budget Variance = ( )
4. Fixed-overhead volume variance.
Normal Capacity Hours 80,000
Actual Hours allowed for production 75000
Capacity hours not utilized 5000
Volume variance ( 5000 hours *12) = $60,000
5. Variable-Overhead Spending and Efficiency Variances.
Actual Variable Expense = $ 472,500
Variable Expense for standard hours allowed ( 75000 *4) = 300,000
Variable Overhead Spending Variance = $ 172,500 favorable
Efficiency Variance
Actual Hours * Standard Overhead Rate = 75,000 * 4= $ 300,000
Overhead Charged To Production = 80,000 * 4= $ 320,000
Efficiency Variance = $20,000 Favorable
Consider a small economy that is closed to trade, so its net exports are equal to zero. Suppose that the economy has the following consumption function, where C is consumption, Y is real GDP, I is investment, G is government purchases, and T stands for net taxes:
Consider a small economy that is closed to trade,
C = 40 + 0.5 * (y - t)
Suppose G = $115 billion, I = $50 billion, and T = $10 billion.
Given the consumption function and the fact that for a closed economy total expenditure can be calculated as (y = c + i + g) , the equilibrium output level is equal to _______billion.
Suppose the government purchases are increased by $100 billion. The new equilibrium level of output will be equal to _____
Based on the effect of the change in government purchases on equilibrium output, you can tell that this economy's spending multiplier is equal to ____
Answer:
(a) $400 billion
(b) $600 billion
(c) 2
Explanation:
Given that,
G = $115 billion,
I = $50 billion, and
T = $10 billion
(1) In equilibrium,
Y = C + I + G
Y = 40 + 0.5(Y - 10) + 50 + 115
Y = 205 + 0.5Y - 5
0.5Y = 200
Y = $400 billion
(2) When G increases by 100,
new level of G = 115 + 100
= 215
Therefore,
Y = 40 + 0.5(Y - 10) + 50 + 215
Y = 305 + 0.5Y - 5
0.5Y = 300
Y = $600 billion
(3) Spending multiplier = Increase in Y ÷ Increase in G
= $(600 - 400) Billion ÷ $100 billion
= 200 ÷ 100
= 2
A consumption is depends upon the demand of particular product. If the company wants to earn more profit, they need to meet the consumption.
What is the term equilibrium about?
The term equilibrium means where the demand and supply of particular product meet with each other.
Given Information:-
G = $115 billion,
I = $50 billion, and
T = $10 billion
(1) In equilibrium,
Y = C + I + G
Y = 40 + 0.5(Y - 10) + 50 + 115
Y = 205 + 0.5Y - 5
0.5Y = 200
Y = $400 billion
(2) When G increases by 100,
new level of G = 115 + 100= 215
Therefore,
Y = 40 + 0.5(Y - 10) + 50 + 215
Y = 305 + 0.5Y - 5
0.5Y = 300
Y = $600 billion
(3) Spending multiplier = Increase in Y ÷ Increase in G
= $(600 - 400) Billion ÷ $100 billion
= 200 ÷ 100= 2
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Social entrepreneurship is a growing phenomenon. Do you believe that for-profit businesses can have a social mission?
Answer and explanation:
For-profit businesses are mainly created to fulfill entrepreneurs' interests but it does not imply that all organizations do not take a look at the social impact they can cause. Health care groups, for instance, are very profitable entities around the world but they carry with the major responsibility of providing good medical assistance to the individual where the medical centers operate.
Learning is pervasive in our lives, but there are two different theories on how people learn the ________ theories and the ________ theories.a. behavioral; affective b. cognitive; rational c. behavioral; cognitive d. emotional; affective e. experiential; intentional
Final answer:
Learning theories are typically divided into behavioral and cognitive approaches, with behavioral focusing on responses to environmental stimuli and conditioning, while cognitive emphasizes mental processes and learning through imitation or instruction.
Explanation:
Learning is pervasive in our lives and encompasses different understanding mechanisms, as highlighted by two prevailing theories — the behavioral theories and the cognitive theories. Behavioral learning theories center on how our environment and interactions with it shape our behavior through conditioning mechanisms such as classical and operant conditioning. On the other hand, cognitive learning theories focus on the internal thought processes and mental activities that influence our ability to process and integrate new information. Cognitive learning involves understanding, synthesizing, and applying knowledge to solve problems and is seen in behaviors that result from learning by imitation or instruction.
Classical examples demonstrating cognitive theory include Albert Bandura's social learning theory which incorporates the idea of observational learning and reciprocal determinism, as well as concepts such as self-efficacy which affects how individuals approach goals and challenges. This stands in contrast to strictly behavioral perspectives that consider learned behaviors as responses to stimuli without the influence of mental states. Both cognitive learning and behavioral learning are essential to everyday practical living and are typically referenced in the context of both formal education and informal education.
Intel Corp has a share price of $31.63 and a yearly dividend of $1.50 per year. An option with a strike price of $27 has a call price of $6.10, and a put price of $2.65. It has a 1 yr expiry period. Assuming no interest, what is the predicted share price according to the put-call parity relationship
Answer:
predicted share price acc to put call parity is $31.95
Explanation:
given data
share price = $31.63
yearly dividend = $1.50 per year
strike price = $27
call price = $6.10
put price = $2.65
expiry period = 1 year
solution
Put Call Parity is price relationship between put option, call option and underlying stock
so we apply here basic put call parity formula that is
Po + So = Co +( D + X × [tex]e^{-rt}[/tex] ...................1
here Po is put option and Co is call option and X is strike price and So stock price and t is time and r is risk free rate and D is dividend and it is 0 here
so Stock price will be
So + Po = Co + D + X
So + $2.65 = $6.10 + $1.5 + $27
So = $31.95
so here predicted share price acc to put call parity is $31.95
Listed here are product costs for the production of soccer balls. Identify each cost (a) as either fixed or variable and (b) as either direct or indirect.
1. Lace to hold leather together
2. Wages of assembly workers
3. Coolants for machinery
4. Annual flat fee paid for factory security
5. Leather covers for soccer balls
6. Machinery depreciation (straight-line)
7. Taxes on factory
Answer:
a) Fixed or variable and (b) as either direct or indirect.
Explanation:
1. Lace to hold leather together: indirect cost/ variable
2. Wages of assembly workers : direct cost/ variable
3. Coolants for machinery : indirect cost/ fixed
4. Annual flat fee paid for factory security : indirect cost/ fixed
5. Leather covers for soccer balls: direct cost/ variable
6. Machinery depreciation (straight-line): indirect cost/ fixed
7. Taxes on factory: indirect cost/ fixed
The product costs for the production of soccer balls can be categorized as fixed or variable, as well as direct or indirect costs. The lace used to hold the leather together, wages of assembly workers, and leather covers for soccer balls are examples of variable and direct costs. Coolants for machinery, annual flat fee paid for factory security, machinery depreciation, and taxes on the factory are examples of fixed and indirect costs.
Explanation:1. Lace to hold leather together:
(a) Variable cost - It varies depending on the number of soccer balls produced.
(b) Direct cost - It can be directly traced to the production of soccer balls as it is specifically used to hold the leather together.
2. Wages of assembly workers:
(a) Variable cost - It changes based on the number of hours worked or the number of workers hired.
(b) Direct cost - It can be directly attributed to the assembly of soccer balls as it is paid to the workers involved in the production process.
3. Coolants for machinery:
(a) Variable cost - It is dependent on the usage and maintenance of the machinery.
(b) Indirect cost - It is not directly tied to the production of soccer balls but is necessary to keep the machinery running smoothly.
4. Annual flat fee paid for factory security:
(a) Fixed cost - It remains constant regardless of the level of production.
(b) Indirect cost - It is not directly associated with the production process but is necessary for maintaining a secure environment in the factory.
5. Leather covers for soccer balls:
(a) Variable cost - It varies with the number of soccer balls produced.
(b) Direct cost - It can be directly allocated to the production of soccer balls as it is used to make the covers.
6. Machinery depreciation (straight-line):
(a) Fixed cost - It remains constant over time.
(b) Indirect cost - It is not directly linked to the production of soccer balls but represents the ongoing wear and tear of the machinery.
7. Taxes on factory:
(a) Fixed cost - It does not change regardless of the level of production.
(b) Indirect cost - It is not directly tied to the production process but represents the taxes paid for operating the factory.
Goliath Corp. has beginning accounts receivable of $2,000. During the year, Goliath sold goods to customers on account for $10,000. During the year, Goliath also sold goods to customers for cash in the amount of $2,000. At the end of the year, the balance in Goliath's accounts receivable is $3,000. What is accrual basis sales for the year
Answer:
$12,000
Explanation:
According to the accrual accounting method, the reporting of the transactions should be performed on an accrual basis which means whether or not the payment is paid but it is reported in the account books.
The revenue should be recorded when it is earned or realized and the expenses are recorded when it is incurred
So, in the given scenario, the amount based on accrual basis sales would be
= Goliath sold goods to customers on account + Goliath also sold goods to customers for cash
= $10,000 + $2,000
= $12,000
Goliath Corp's accrual basis sales for the year are $11,000. This is calculated by adding the starting accounts receivable, the sales on account, the cash sales, and then subtracting the end accounts receivable.
The accrual basis includes transactions when they occur, regardless of when cash changes hands. In Goliath Corp's case, you need to consider both the cash sales and the sales on account, even if some invoices haven't been paid by the end of the year.
For the accrual basis sales of the year, you should add: the beginning accounts receivable ($2,000), plus the sales to customers on account ($10,000), plus the cash sales ($2,000), and then subtract the ending accounts receivable ($3,000). After calculation, Goliath Corp's accrual basis sales for the year amount to: $11,000.
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It has been said that within the next few years, smartphones will become the single most important digital device we own. Discuss the implications of this statement.
Answer:
This statement is very likely to be true.
Explanation:
Smart phones are replacing personal computers and in future they will take place of the laptops because of the advancements in technology. Smart phones can do almost every thing a personal computer or a laptop can do e.g. smart phones help us to connect with the internet and we can search , socialize with people and even do business on a smart phone.
Smart phones have the hardware capabilities like 1 terbyte ROM 12 gigabytes of RAM which were once only available in the bigger devices.
Smartphones are becoming increasingly integral to everyday life, serving as central hubs for communication, entertainment, and personal management. This growing dependence highlights the dual-edged nature of technology. The future implications of smartphone ubiquity in society represent a complex area for ongoing observation and research.
It has been said that within the next few years, smartphones will become the single most important digital device we own, underscoring their rapidly evolving role in our daily lives. People depend on smartphones increasingly more than they did a year ago or five years ago. The implications of this statement are profound, touching on various aspects of society, personal life, and global connectivity.
The relationship between people and their smartphones has dramatically shifted, with these devices now serving as hubs for social media, work, education, entertainment, and personal communication. This has resulted in the omnipresence of smartphones, making them an indispensable part of our lives. The increased dependency on smartphones brings both benefits and challenges. On the one hand, they have made tasks like staying in touch, planning, and increasing productivity simpler. On the other hand, they contribute to difficulties in disconnecting from work, providing undivided attention, and focusing on tasks without distraction.
Furthermore, emerging technologies like augmented reality and "hands-off" technology are likely to deepen our reliance on smartphones. However, this dependency raises concerns about personal privacy, data security, and the potential for increased stress and anxiety due to constant connectivity. The future of digital media and its effects on society thus remains a vibrant area for exploration and understanding, putting us in what can be described as pioneer territory.
Which statement about Zipcar illustrates how marketing can help to enrich society
Answer:
Zipcar mission statement
Our mission: to make urban living easy and responsible We envisage a future in which car club members outnumber car owners in major cities around the globe. Most of those city residents will live within a five-to-ten-minute walk from a Zipcar self-service.
Oriole Corporation purchased a new machine for its assembly process on August 1, 2017. The cost of this machine was $134,406. The company estimated that the machine would have a salvage value of $14,706 at the end of its service life. Its life is estimated at 5 years, and its working hours are estimated at 21,300 hours. Year-end is December 31. Compute the depreciation expense under the following methods. Each of the following should be considered unrelated. (Round depreciation rate per hour to 2 decimal places, e.g. 5.35 for computational purposes. Round your answers to 0 decimal places, e.g. 45,892.)
(a) Straight-line depreciation for 2017
(b) Activity method for 2017, assuming that machine usage was 770 hours
(c) Sum-of-the-years'-digits for 2018
(d) Double-declining-balance for 2018
Answer:
The depreciation expenses for:
(a) Straight-line depreciation for 2017: $23,940 which is calculated as : ( Cost - Salvage value)/ Useful life = (134,406 - 14,706)/5 = $23,940.
(b) Activity method for 2017: $4,327 which is calculated as: ( Cost - Salvage value) / Total estimated working hours * Actual working hours in 2017 = ( 134,406 - 14,706) / 21,300 * 770 = $4,327.
(c) Sum-of-the-years'-digits for 2018: $31,920 which is calculated as: (Remaining useful life / Sum of the year's digits) * ( Cost - Salvage value) = [4/(5+4+3+2+1)] * ( 134,406 - 14,706) = $31,920.
(d) Double-declining-balance for 2018: $32,233; which is calculated as below:
Book value of machine as at the beginning of 2018 * 1/5 * 2
in which: Book value of machine as at the beginning of 2018 = Cost of machine - Depreciation expenses in 2017 = 134,306 - 134,306 * 2 * 1/5 = $80,583.60
So, Depreciation expenses for 2018 is: 80,583.60 * 1/5 * 2 = $32,233.
Explanation:
Creating a __________ may be one of the most difficult tasks that will fall to the disaster recovery teamleader.A.need for the planB.diverse teamC.qualified team1
D.team spirit
Answer: it's C
Explanation:
Answer:
The correct answer is letter "D": team spirit.
Explanation:
A team spirit is a sense of belonging of the individuals of a group towards the organization they formed. In front of natural disasters, creating a team spirit could be challenging for team leaders because most people are interested in their self-care more than in others. Leaders must promote solidarity among the team members so they can also prioritize all those who are in more need than them. Collectively, their joint efforts will help the community to recover faster from the act of God.
These selected condensed data are taken from a recent balance sheet of Bob Evans Farms (in millions of dollars).
Cash $ 29.3
Accounts receivable 20.5
Inventory 28.7
Other current assets
24.0
Total current assets $102.5
Total current liabilities $201.2
Compute working capital and the current ratio. (If answer is negative enter it with a negative sign preceding the number e.g. -15,000 or in parenthesis e.g. (15,000). Round Current Ratio to 2 decimal places, e.g. 0.78 : 1.)
Working capital $These selected condensed data are taken from a rec
Current ratio These selected condensed data are taken from a rec :1
Answer:
Working capital is ($98.7) in millions
Current ratio is 0.51:1
Explanation:
Working Capital is the difference between current assets and current liabilities. So, $102.5 (in milions) less $202.2 (in millions) equals ($98.7) in millions. This means, the company's short-term obligation exceeds its current asset for the period.
Current ratio also known as liquidity ratio. It measures the company's capacity to pay short-term obligation. To compute current ratio we simply divide current assets over current liabilities.
Current Assets / Current Liabilities
$102,500,000 / $201,200,000
0.509443 or 0.51 : 1
Final answer:
Working capital is calculated as current assets minus current liabilities, which in this case results in $(98.7) million, indicating a deficit. The current ratio comes to 0.51 : 1, after dividing current assets by current liabilities, reflecting the company's liquidity situation.
Explanation:
To calculate the working capital, we subtract the total current liabilities from the total current assets. In this scenario:
Working capital = Total current assets \'96 Total current liabilities
= $102.5 million \'96 $201.2 million
= \'96(98.7) million or $(98.7) million.
The negative sign indicates a deficit in working capital, which means that the current liabilities surpass the current assets.
Next, to calculate the current ratio, divide the total current assets by the total current liabilities. Here is the computation for the current ratio:
Current ratio = Total current assets / Total current liabilities
= $102.5 million / $201.2 million
= 0.51: 1.
This ratio is rounded to two decimal places, providing a quick insight into the company's liquidity from these balance sheet figures.
A man purchased a magazine at the airport for $ 2.79 . The tax on the purchase was $ 0.15 .What is the tax rate at the airport?
Answer:
Tax on the airport= 5.376%
Explanation:
The tax rate on the airport can be calculated from the price of the magazine on the airport and tax which is on the magazine when purchasing from the airport.
Tax rate at the airport=(Tax on the Purchase)/(Price of magazine at which it is purchased)
[tex]Tax\ rate\ at\ the\ airport=\frac{\$0.15}{\$2.79}[/tex]
[tex]Tax\ rate\ at\ the\ airport=0.05376[/tex]
In percentage:
Tax on the airport= 0.05376*100
Tax on the airport= 5.376%
The tax rate on the magazine purchased at the airport can be calculated by dividing the tax amount by the purchase price and multiplying by 100%. In this case the tax rate is approximately 5.38%.
Explanation:The problem is asking to find the tax rate. This can be calculated using the formula: Tax Rate = (Tax / Purchase Price) x 100%. In this case, the purchase price of the magazine was $2.79 and the tax was $0.15.
Therefore, substituting these values into the formula, we have: Tax Rate = ($0.15 / $2.79) x 100% = 5.38%. So, the tax rate at the airport is approximately 5.38%.
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If Aggregate Demand (AD) is pushed into the steep portion of the SRAS Curve, the economy will experience:a. Inflationb. Unemploymentc. Inflation AND unemploymentd. Neither inflation not unemployment
Answer:
a. Inflation
Explanation:
A shift of AD to the right will move output closer to potential GDP and thus reduce unemployment, but this shift will also lead to a higher price level and upward pressure on inflation
You are an excellent investor and have averaged a 12% rate of return over the last 20 years. Over the same time period, inflation has averaged 3.2%. What is the real rate of return you have earned on your investments?
Answer:
real rate of return = 8.8%
Explanation:
given data
nominal rate of return = 12 %
time = 20 year
inflation rate = 3.2%
solution
we will apply here Nominal rate of return to get real rate of return that is
nominal rate of return = Real rate of return + Inflation rate ......................1
put here value and we will get real rate of return
real rate of return = nominal rate of return - inflation rate
real rate of return = 12% - 3.2%
real rate of return = 8.8%
The real rate of return is found by subtracting the inflation rate from the nominal rate of return. With a 12% nominal rate and a 3.2% inflation rate, the real rate of return is 8.8% per year.
To calculate the real rate of return on investments, one must adjust the nominal rate of return by taking into account the rate of inflation. The formula to find the real rate of return is to subtract the inflation rate from the nominal rate of return. In your case, if the investment's nominal rate of return is 12%, and the average inflation rate is 3.2%, you can calculate the real rate of return like this:
Real Rate of Return = Nominal Rate - Inflation Rate
Real Rate of Return = 12% - 3.2%
Real Rate of Return = 8.8%
Therefore, the real rate of return you have earned on your investments, after adjusting for inflation, is 8.8% per year.
Which of the following explains why the aggregate demand curve is downward sloping?a. The interest rate effectb. The real balance effectc. The open economy effectd. All of these
Answer:
The interest rate effect explains why the aggregate demand curve is downward sloping.
Explanation:
The interest rate effect proposed by Keynes suggests the reasons for why is the aggregate demand curve downward sloping. It states that, when the interest rates are low, people choose to invest owing to the decreased costs of investment. This investment stimulates a drop in the levels of price. The dropped prices thus increase the aggregate demand for the commodities of which the price has dropped.Mike interviewed Dan for a sales clerk position, and Mike really liked Dan. They got along great in the interview, and they are both fans of the Green Bay Packers football team. Mike wanted to hire Dan on the spot, but per company policy, he checked Dan’s references. One of Dan’s previous employers said he was constantly late to work and was sometimes rude to customers. However, another previous manager said Dan only worked for her for six weeks but was satisfactory during that time. Mike decided that the second manager’s opinion was worth more than the first one’s and hired Dan. a. Overconfidence b. Justifying past decisions c. Seeing what you want to see d. Perpetuating the status quo
Answer:
c. Seeing what you want to see
Explanation:
If an investor uses the full amount of margin available, the equity in a margin account used for a stock purchase can be found as ________. A.market value of the stock - amount owed on the margin loanB. market value of the stock + amount owed on the margin loanC. market value of the stock margin loanD. margin loan x market value of the stock
Answer:A.market value of the stock - amount owed on the margin loan.
Explanation:
The concept above is explained by the concept of margin loan availability. This describes the amount in the margin account which is presently available for buying securities on the margin or for buying the amount in quantity that is available for withdrawal.
At a price of $200, a cell phone company manufactures 100000 phones. At a price of $300, the company produces 300000 phones. What is the price elasticity of supply? (Round your answer to two decimal places.)
Answer:
2.5
Explanation:
P1=$200
P2=$300
S1=100000
S2=300000
The percentage change in price is:
[tex]\Delta P =\frac{300-200}{\frac{200+300}{2}}=0.4=40\%[/tex]
The percentage change in supply is:
[tex]\Delta S =\frac{300000-100000}{\frac{100000+300000}{2}}=1=100\%[/tex]
The price elasticity of supply is given by:
[tex]E=\frac{\Delta S}{\Delta P}=\frac{100\%}{40\%}=2.5[/tex]
The price elasticity of supply is 2.5.
The price elasticity of supply for the cell phone company is 4.00, indicating a high degree of responsiveness to changes in price. For every 1% increase in price, the company produces 4% more phones.
Explanation:The price elasticity of supply is a measure of how much the quantity supplied of good changes when its price changes. The formula for price elasticity of supply (PES) is (% change in quantity supplied) / (% change in price). In this case, the initial quantity supplied is 100,000 phones at a price of $200. The new quantity supplied is 300,000 phones at a price of $300. Therefore, the % change in quantity supplied is [(300,000-100,000)/100,000]*100 = 200%. The % change in price is [(300-200)/200]*100 = 50%. So, the price elasticity of supply is 200%/50% = 4.00.
So, for the cell phone company mentioned in the question, its price elasticity of supply is 4.00. This means that for every 1% increase in price, the company produces 4% more phones. This shows a high degree of price elasticity, indicating that the company is very responsive to changes in price.
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