Answer:
A) the firm should hire additional workers.
Explanation:
if the marginal production of the tenth worker is 5 units or output and the price of each unit is $4, the the workers total marginal product revenue (MPR) = 5 units x $4 per unit = $20
Since the cost of hiring that tenth worker is $15 (less than MPR), then the company should hire more additional workers until the MRP = labor cost
Final answer:
According to economic theory, given the VMP of the 10th worker is greater than their wage, the firm should hire additional workers as this will increase profit.
Explanation:
The decision-making process of a firm on whether to hire additional workers based on economic principles, notably the concept of Marginal Product (MP) and Marginal Revenue Product (MRP). In this scenario, a firm pays its workers $15 per hour, and the 10th worker's MP is 5 units of output, with each unit priced at $4. According to economic theory, a firm should hire additional workers as long as the cost of an extra worker is less than the Value of Marginal Product (VMP). The VMP is calculated as the MP of the worker multiplied by the price of the output. In this case, the VMP of the 10th worker is $20 (5 units * $4), which is greater than the wage rate of $15. Therefore, it is profitable for the firm to hire more workers since the revenue generated by the last worker hired exceeds their cost.
Which of the accounts below would appear on an adjusted trial balance but probably would not appear on the trial balance? Group of answer choices Fees Earned Accounts Receivable Unearned Fees Depreciation Expense
Answer:
Depreciation Expense
Explanation:
There are two sections consist of debit columns and credit columns in the trial balance. Moreover, the debit and the credit total are always equaled and matched
While the adjusted trial balance is the trial balance that is prepared after recording the adjusting entries
So, the depreciation expense should probably would not be appear as it is to be charged over the remaining life of the fixed asset
Correct answer is option c. Depreciation Expense appears on the adjusted trial balance but not usually on the unadjusted trial balance due to adjustments made at the end of the period.
When preparing financial statements, certain accounts typically appear on an adjusted trial balance but might not be present on the unadjusted trial balance.
One such account is Depreciation Expense. This account represents the allocation of the cost of tangible assets over their useful lives and is often recorded during the adjusting entries at the end of the period.Other examples of adjustments include increases (or decreases) in Accounts Payable, changes in Accrued Expenses, and adjustments for Prepaid Expenses. These adjustments are made to reflect more accurate financial positions of the company in the final adjusted trial balanceComplete question-
Which of the accounts below would most likely appear on an adjusted balance but probably would not appear on the unadjusted balance?
a.Accounts Receivable
b. unearned Fees
c. depreciation Expense
d.Fees Earned
Victoria is a marketing manager. A large part of her role is trying to assess what customers want and building long-term relationships with customers. What would likely complicate Victoria's job?
Answer:
trends, fashions, and tastes can change quickly.
Explanation:
Based on the information provided within the question it can be said that in a job role like the one that Victoria is in, the biggest complication is that trends, fashions, and tastes can change quickly. Due to the large impact that celebrities have on the world, one comment or action can immediately spark new trends and fashion senses around the world. This makes trying to predict the wants of customers very hard.
A test was administered to a group of students the morning after homecoming. Several of the students appeared tired and some were coughing and sneezing. These factors may result in what type of error:
Answer:
test-taker variables error
Explanation:
The students are the test takers and the fact that many of them are not in the best possible health or physical condition can result in a higher percentage of mistakes that are not necessarily related to them not knowing the correct answers, but since they are either so tired or so sick, they might not be thinking clearly or may not be trying hard enough to answer the questions.
This can happen to all of us, if we are really sick, it is very difficult to take a test. Your head hurts and you really are more worried about how bad yo feel than taking the test.
The factors mentioned in the question, such as tiredness, coughing, and sneezing in the group of students, may result in a Type II error when administering a test.
Explanation:The factors mentioned in the question, such as tiredness, coughing, and sneezing in the group of students, may result in a Type II error when administering a test.
Type II errors occur when the data fails to show a relationship between variables that actually exists. In this case, the students' physical symptoms may lead to a false conclusion that the test results are not affected by these factors when, in reality, they could be influencing the students' performance.
For example, if some students are sick and experiencing fatigue, it could affect their focus and concentration during the test, resulting in potentially lower scores. However, if the test does not consider these factors and the researcher concludes that there is no relationship between the students' condition and their test performance, it would be a Type II error.
Categories of expenditures Damell and Eleanor Cohen live in Swarthmore, PA. Their son, Jacques, owns his own plumbing business. For each of the following transactions that occur in their lives, identify whether it is included in the calculation of U.S. GDP as part of consumption (C), investment (1), government purchases (G), exports (X), or imports (M). 1. Transaction CLG X M Eleanor gets a new video camera made in the United States. 2. The state of Pennsylvania repaves Highway PA 320, which goes through the center of Swarthmore. 3. Darnell buys a sweater made in Guatemala 4. Darnell's employer assigns him to provide consulting services to an Australian firm that's opening a manufacturing facility in China. 5. Jacques buys a new set of tools to use in his plumbing business 6. Grade k Now Save & Continue Continue without saving
Explanation:
The following transactions that occur in their lives, identify whether it is included in the calculation of U.S. GDP as part of consumption (C), investment (1), government purchases (G), exports (X), or imports (M).
1. Transaction CLG X M Eleanor gets a new video camera made in the United States - Consumption
2. The state of Pennsylvania repaves Highway PA 320, which goes through the center of Swarthmore - Government Purchase
3. Darnell buys a sweater made in Guatemala - Consumption & Imports
4. Darnell's employer assigns him to provide consulting services to an Australian firm that's opening a manufacturing facility in China - Exports
5. Jacques buys a new set of tools to use in his plumbing business - Investment
Eric's income increased from $40,000 to $50,000 per year. Eric's consumption of tickets to pro football games increased from two to four per year. By the midpoint formula, his income elasticity of demand for pro football game tickets is equal to _____, and football game tickets are _____ goods. –3; inferior –0.33; inferior +0.67; normal +3; normal
Answer:
By the midpoint formula, his income elasticity of demand for pro football game tickets is equal to +3, and football game tickets are normal goods.
Explanation:
The formula for calculating income elasticity of demand using the midpoint method is:
income elasticity of demand = {change in quantity demanded / [(old quantity + new quantity) / 2]} / {change in income / [(old income + new income) / 2]}
= {2 / [(2 + 4) / 2]} / {10,000 / [(40,000 + 50,000) / 2]} = (2 / 3) / (10,000 / 45,000) = 0.67 / 0.222 = 3
when the income elasticity of demand is higher than 1, the goods are normal goods.
MIT economist Jerry Housman has estimated the price elasticity of demand for Post Raisin Bran cereal to be -2.5 and the price elasticity of demand for all types of breakfast cereals to be -0.9. The demand for Post Raisin Brand cereal is:__________ 1. elastic 2. inelastic the demand for all types of breakfast cereals is:_____ 1. inelastic2. elastic
Answer:
The demand for Post Raisin Brand cereal is: ELASTIC
the demand for all types of breakfast cereals is: INELASTIC
Explanation:
To calculate the price elasticity of demand (PED) we can use the following formula:
PED = % change in quantity / % change in price
If PED > 1, the demand is price elasticIf PED = 1, the demand is price unitaryIf PED < 1, the demand is price inelastic*The PED always results in a negative number, e.g. price deceases, quantity increases, but for practical reasons we convert the negative number into a positive (we use absolute values) when we are determining the elasticity.
Shirley Macuga is the world’s fastest typist and is also a world famous brain surgeon. She earns $5,000/hour operating on brains. Shirley can type her bills for a whole month’s worth of surgery in 30 minutes and yet Shirley hires a billing clerk to complete the surgery bills. The clerk requires all month to type the bills. The clerk is paid $2,000 per month. Is Shirley smart to hire the billing clerk? Why or why not?
Answer:
Yes
Explanation:
30 mins of typing would have an opportunity cost of $2500 of surgery
She's paying $2000 and earning $2500.
So she is smart
The Krug Company collected $9,000 rent in advance on November 1, debiting Cash and crediting Unearned Rent Revenue. The tenant was paying 12 months' rent in advance and occupancy began November 1.
Unearned rent revenue:
Step 1: Determine what the current account balance equals.
Step 2: Determine what the current account balance should equal.
Step 3. Record the December 31 adjusting entry to get from step 1 to step 2.
The question is about adjusting entries in accounting, specifically for unearned revenue. The current account balance for the unearned rent revenue needs to be reduced by the proportion of rent that has now been earned. The adjusting entry for this on December 31 would debit Unearned Rent Revenue and credit Rent Revenue for $1500.
Explanation:The subject of this question falls under the area of Accounting, specifically related to adjusting entries and Unearned Revenue.
The current account balance equals $9000 as of November 1 since this was the amount of rent collected in advance.
The amount recorded as Unearned Rent Revenue needs to be reduced by the portion of the rent that has been earned. Since we are making an adjusting entry on December 31, which is 2 months from the starting date (Nov 1), 2/12 of the total rent collected will have been earned. 2/12 * $9000 = $1500. Hence, the account balance for unearned rent revenue needs to be $9000 - $1500 = $7500.
To record the adjusting entry, you would debit Unearned Rent Revenue for $1500 and credit Rent Revenue for $1500. This is because $1500 of the original unearned revenue has now been earned since the tenant has occupied the premises for 2 months.
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Which of the following accounts allows full access to the system, while accessing other systems on the network? Local Admin account Local Service account Network Service account Local System account
Answer:
Local Service account
Explanation:
The option of the accounts that allows full access to the system, while accessing other systems on the network is the Local Service account.
The Local System account is a predefined local account that is accessed by the service control manager and It has extensive privileges on the local computer, and acts as the computer on the network.
The Local Admin account allows full access to the system and lets you access other systems on the network. Other accounts like Local Service, Network Service, and Local System have more restrictions. However, using the Local Admin account should be done cautiously due to the risk of system compromise.
Explanation:The account that allows full access to the system while being able to access other systems on the network is the Local Admin account.
In fact, local admin accounts have privileges that allow access to every corner of the system they are governing, as well as permissions to access and intervene with other networked systems.
On the contrary, Local Service, Network Service, and Local System accounts have more restrictions and can't access resources over the network with the same level of permissions.
However, it's important to note that usage of the Local Admin account should be sparing and cautious due to the expansive reach and potential for damage if misused or compromised.
It's often advised for regular tasks to be performed under accounts with lesser permissions to limit unnecessary exposure to the system.
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The North American Free Trade Agreement Group of answer choices is an example of the unilateral approach to free trade. eliminated tariffs on imports to North America from the rest of the world. reduced trade restrictions among Canada, Mexico and the United States. All of the above are correct.
Answer:
reduced trade restrictions among Canada, Mexico and the United States.
Explanation:
The North American Free Trade Agreement reduced trade restrictions among Canada, Mexico and the United States.
The goal of The North American Free Trade Agreement was to eliminate barriers to trade and investment between the U.S., Canada and Mexico.
The implementation of NAFTA brought the immediate elimination of tariffs on more than one-half of Mexico's exports to the U.S. and more than one-third of U.S. exports to Mexico
NAFTA, signed by the United States, Canada, and Mexico, primarily aimed at reducing trade restrictions among these three countries. It didn't eliminate tariffs on imports to North America from the rest of the world.
The North American Free Trade Agreement (NAFTA) is a trade agreement signed by the United States, Canada, and Mexico, with the goal of reducing trade barriers among these three countries. This deal is not a unilateral approach to trade, but rather a tripartite agreement that was devised to allow for the free flow of goods among these nations. Furthermore, it did not completely eliminate tariffs on imports to North America from other parts of the world, but significantly reduced trade restrictions within the confines of the agreement. Consequently, the most accurate statement is that NAFTA reduced trade restrictions among Canada, Mexico, and the United States.Learn more about NAFTA here:
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If Arturo and Dina switch from each person dividing their time equally between the production of tacos and burritos to each person spending all of their time producing the good in which they have a comparative advantage, then total production of burritos will increase by:
Answer:
100
Explanation:
If Arturo and Dina switch from each person dividing their time equally between the production of tacos and burritos to each person spending all of their time producing the good in which they have a comparative advantage, then total production of burritos will increase by:
Now we can see from the graph that Arturo can make 300 burritos and 400 tacos and Dina can make 200 burritos and 400 tacos.
Total current burritos = 300 + 200 = 500
Given that each person is currently dividing their time equally between the production of tacos and burritos
It reveals that Arturo has a comparative advantage in production of Burritos because he produces more that Dina with the available resources of time.
Hence if they are to switch to each person spending all of their time producing the good in which they have a comparative advantage, then total production of burritos will increase by: 100 because Arturo will produce 600 burritos with the other half of his time he has been spending on making tacos
Total production would increase when each person focuses on the production of the good they have a comparative advantage in. Using a similar scenario between Mexico and the United States, both countries were able to consume more goods after shifting production towards their own comparative advantage.
Explanation:In the context of Arturo and Dina's taco and burrito production, it's important to note that total production would only increase if the individual focusing on burrito production has a comparative advantage in making burritos, and the individual focusing on taco production has a comparative advantage in making tacos.
Let's use a similar example with Mexico and the United States producing shoes and refrigerators. Mexico started out, before specialization and trade, producing 4,000 pairs of shoes and 5,000 refrigerators. Then, when it shifted production toward its comparative advantage, it produced 6,000 pairs of shoes but only 2,500 refrigerators. Thus, by giving up 2,000 pairs of shoes in exchange for imports of at least 2,500 refrigerators, Mexico was able to consume more of both goods than before trade.
The same happened in the United States, which started off producing 5,000 pairs of shoes and 20,000 refrigerators. After shifting production towards its comparative advantage, the United States produced only 3,500 shoes but 26,000 refrigerators. The United States was able to consume more of both goods also and was unambiguously better off.
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Even though __________ finance(s) the majority of Medicaid, __________ is (are) given significant discretion in running the program. Group of answer choices a. states, the US Department of Health and Human Services b. states, the government c. the government, the US Department of Health and Human Services d. Noe of the above
Answer:
The correct option is D
Explanation:
Even though THE GOVERNMENT finances the majority of Medicaid, STATES is(are) given significant discretion in running the program.
Medicaid in the United States is a federal and state program that helps with medical costs for some people with limited income and resources. Medicaid also offers benefits not normally covered by Medicare, including nursing home care and personal care services.
Answer:
The correct option is "D." Which is none of the above.
Even though States and Federal Government finance the majority of Medicaid, the states are given significant discretion in running the program.
The federal government matches state spending on Medicaid and states are responsible for designing and administering the program.
Explanation:
The Medicaid is a US joint federal-state program that provides health coverage or nursing home coverage to certain categories of low income earners. It is jointly sponsored by both the states and the federal government at par. It is majorly operated at the state levels with the coverage and administration of the program varying significantly from state to state. It is available only to individuals and families who meet specific criteria based on their level of income. This lofty health Insurance program is only available to U.S. citizens, permanent residents, or legal immigrants. Approximately, one in five Americans are covered by Medicaid.
The Basic Eligibility of the Health Insurance Program:
Medicaid coverage is broken down into four groups: adults under 65 years of age, seniors aged 65 years or older, children, and people with disabilities. Children account for the largest group, at 40% of enrollees, but at a smaller cost. People with disabilities account for 15% of enrollees with about 40% of total costs.
True or False: The idea that healthcare is a human right, and thus should be available to everyone regardless of ability to pay, aligns with the ideals of market justice.
Answer:
True
Explanation:
Medical care is regarded as a basic right; all citizens have equal access to medical care; and ability to pay is inconsequential. Health care delivery in the United States is characterized as a quasi- or imperfect market. Hence, we find elements of market justice,
Market justice portrays health care as an economic good delivered under free-market conditions. It assumes that markets are more efficient in allocating health resources equitably
Answer: True
Explanation: Understanding health as a human right creates a legal obligation on states to ensure access to timely, acceptable, and affordable health care of appropriate quality and as well providing for the underlying determinants of health, such as safe and potable water, sanitation, food, housing, health-related information and education, and gender equality. Right to health must be enjoyed without discrimination on the grounds of race, age, ethnicity or any other status. Among all the rights to which we are entitled, health care may be the most intersectional and crucial.
Individual resources and choices determine the distribution of health care, with little sense of collective obligation or a role for government. Known as market justice, this approach derives from principles of individualism, self-interest, personal effort, and voluntary behavior. While contrasting approach, which is social justice, allocates goods and services according to the individual's needs.
Suppose the annual rate of inflation has been 3 percent during each of the last three years and that borrowers and lenders have come to expect this rate of inflation. If the inflation rate unexpectedly rises, __________.
Answer:
a.borrowers gain at the expense of lenders.
Explanation:
Suppose the annual rate of inflation has been 3 percent during each of the last three years and that borrowers and lenders have come to expect this rate of inflation. If the inflation rate unexpectedly rises, then borrowers gain at the expense of lenders.
As inflation increases, two things happen
1. The amount of interest paid to lenders technically becomes of smaller value and lenders are loosing while borrowers are paying lesser
2. As inflation sets in, wages are increased to compensate for inflation and since the borrower already owed money before the inflation occurred, now he or she has more money in his or her paycheck to pay off the debt.
The 80/20 principle holds that 20 percent of all customers generate 80 percent of the demand. Although the percentages usually are not exact, the general idea often holds true. Which consumer market segment is described here?A. Benefit segmentationB. Geographic segmentationC. Market segmentationD. Usage-rate segmentation
Answer: usage-rate segmentation
Explanation: Usage-rate segmentation divides a market by the quantity of product bought or consumed. The 80/20 principle holds that 20 percent of all customers generate 80 percent of the demand.
"Rico's Grill, Inc. is solely owned by Rico Vito. Rico's Grill borrows $10,000 from a local bank to finance the purchase of a new range. The payments are to be made monthly over a two-year period. The bank"
Answer:
Need not make any special disclosure
Explanation:
The reason is that it is not a parent-subsidiary transaction which means if the group as a whole trade with each other then they must add a special disclosure in the financial statement otherwise it must be neglected. The company must not specially disclose small borrowings from the lenders when it is presenting that figure in the financial statement borrowing figures. If the transaction is between the group or the borrowings are prominent it must be disclosed separately in the note to financial statement.
Johanna's grandmother gives her $9,000 to pay for the entire first year's tuition at a state college, a year from now. johanna puts the money into her checking account, but during the next year, inflation is 10% and the tuition of her college increases with inflation. how much additional money must johanna come up with to pay her tuition?
Answer:
$900
Explanation:
Inflation is the general increase in price levels per period. It erodes the purchasing power of a country's currency. An inflation rate of 10% means that the currency's value has decreased by 10%.
In this case, if the school fees went up as inflation, the implication is an increment of school fees by 10 percent.
Johanna will have to increase the fee by 10%
i.e., 10% x 9000
=10/100 x 9000
= $900
Johanna needs to provide an additional $900 to cover the inflation-increased tuition cost at her state college.
Explanation:Johanna's grandmother gave her $9,000 to pay for the entire first year's tuition at a state college. Due to a 10% inflation rate, the tuition also increased by 10%. Calculating the increased tuition due to inflation, we have:
The new tuition cost = Original tuition cost + (Original tuition cost × Inflation rate)
The new tuition cost = $9,000 + ($9,000 × 0.10)
The new tuition cost = $9,000 + $900
The new tuition cost = $9,900
Johanna will need to come up with an additional $900 to cover the tuition increase due to inflation.
James Hughes worked for Medtronic, Inc., a medical technology company, as a sales manager. His contract with Medtronic had a non-compete clause that prohibited him from working for a competitor for one year after leaving Medtronic. St. Jude Medical, S.C., Inc., was a competitor of Medtronic. In an effort to expand their business, St. Jude contacted Hughes about joining them. Hughes felt dissatisfied with conditions at Medtronic, and so began negotiations with St. Jude. Hughes shared his current contract with St. Jude's executives, who told him that his contract with Medtronic was unenforceable and offered him a job as a sales director at a significant higher salary. In fact, the contract was enforceable under state law. Hughes accepted the job offer from St. Jude. Medtronic filed a suit against St. Jude, alleging wrongful interference. Did wrongful interference occur and if so, which type of wrongful interference occurred?1. There is a contract between two parties/ One party is seeking a greater market share for their product/ A third party knows the contract existsone party is targeting the others' customers/ A third party is inducing another to break a contract.
2. There is a contract between two parties/ One party is seeking a greater market share for their product/ A third party knows the contract existsone party is targeting the others' customers/ A third party is inducing another to break a contract.
3. There is a contract between two parties/ One party is seeking a greater market share for their product/ A third party knows the contract existsone party is targeting the others' customers/ A third party is inducing another to break a contract). Medtronic is suing for wrongful interference with a _______.
4. Who are the parties to the initial contract?5. _____is the third party who knew about the contract.
6. St. Jude learned about the contract and noncompete clause between Hughes and Medtronic from _____.
7. It is _____that St. Jude intentionally induced Hughes to breach his contract with Medtronic.
8. St. Jude ______before he left Medtronic.
9. What did St. Jude represent regarding the noncompete clause? That it ____enforceable.
10. Was the noncompete clause enforceable? 11. Did it matter if the clause was unenforceable? 12. Based on these facts, does it appear that St. Jude intentionally induced Hughes to break his contract with Medtronic?
13. Is Hughes liable for intentional interference with a contract?
15. Hughes is _______to be held liable for breach of contract.
16. If St. Jude had informed Hughes that the noncompete clause was enforceable and Hughes still left to come to work for them, would St. Jude be liable for intentional interference with a contract?
Answer:
YES
Because by definition, wrongful interference occurs when one person intentionally damages someone else's contractual or business relationships with a third party causing economic harm
Explanation:
Did wrongful interference occur and if so, which type of wrongful interference occurred?
YES
Because by definition, wrongful interference occurs when one person intentionally damages someone else's contractual or business relationships with a third party causing economic harm
1. There is a contract between two parties/ One party is seeking a greater market share for their product/ A third party knows the contract exists one party is targeting the others' customers/ A third party is inducing another to break a contract.
2. There is a contract between two parties/ One party is seeking a greater market share for their product/ A third party knows the contract exists one party is targeting the others' customers/ A third party is inducing another to break a contract.
3. There is a contract between two parties/ One party is seeking a greater market share for their product/ A third party knows the contract existsone party is targeting the others' customers/ A third party is inducing another to break a contract).
Medtronic is suing for wrongful interference with a contractual business relationship.
4. Who are the parties to the initial contract? Medtronic and James Hughes
5. St. Jude Medical, S.C., Inc is the third party who knew about the contract.
6. St. Jude learned about the contract and noncompete clause between Hughes and Medtronic from James Hughes.
7. It is true that St. Jude intentionally induced Hughes to breach his contract with Medtronic.
8. St. Jude offered James Hughes a job as a sales director at a significant higher salary before he left Medtronic.
9. What did St. Jude represent regarding the non compete clause? That it was not enforceable.
10. Was the noncompete clause enforceable? YES
11. Did it matter if the clause was unenforceable? YES
12. Based on these facts, does it appear that St. Jude intentionally induced Hughes to break his contract with Medtronic? YES
13. Is Hughes liable for intentional interference with a contract? NO
15. Hughes is NOT to be held liable for breach of contract.
16. If St. Jude had informed Hughes that the noncompete clause was enforceable and Hughes still left to come to work for them, would St. Jude be liable for intentional interference with a contract? NO
Anchorage Marina in Bay Harbor sponsors a fishing tournament that the crew of the Chimera enters. The prizes include cash and discount certificates for nautical equipment. Under the principles discussed in "A Sample Court Case," Fehr v. Algard, the offer of a prize in a contest is
A. a binding contract in favor of a contestant who complies by the rules.
B. a duty to be obeyed that is defined by the risk perceived.
C. an equitable remedy that a modern trial court may or may not grant.
D. a wager in favor of its offeror that is unenforceable at law.
Answer:
A) a binding contract in favor of a contestant who complies by the rules.
Explanation:
In Fehr v. Algard, a contestant (Edward Fehr) cheated on a fishing contest by trying to include bad fish (or day old fish caught elsewhere) in the final weigh-in of the contest. He was disqualified by the judges and then he sued because the tournament's rule didn't expressly forbid cheating.
The Supreme Court of New Jersey ruled against the plaintiff and established that the good faith of the contestants was implied in the tournament's rules.
Early in 2015, Mathew is analyzing shares of Janeff Corp. He expects the following dividends per share (end of year). 1. 2015: $1.00 2. 2016: $1.25 3. 2017: $1.50 He expects 2017 earnings per share to be $4.50 and Janeff's P/E ratio to be 20. His required rate of return for this stock is 12%. He should pay no more than:______.a) $66.68 per share. b) $71.17 per share.c) $93.75 per share.d) $76.15 per share.
Answer:
correct option is a) $66.68 per share
Explanation:
given data
1. 2015: $1.00
2. 2016: $1.25
3. 2017: $1.50
earnings per share = $4.50
P/E ratio = 20
required rate of return = 12%
solution
we get here Market Price per share that is express as by P/E Ratio
P/E Ratio = Market Price per share ÷ Earnings per share .............1
put here value and we get
20 = Market Price per share ÷ $4.50
Market Price per share = 20 × $4.50
Market Price per share = $90
and
earn 12% of return
so here discount all the expected dividend and market price to present value
use here an required rate of return as discount factor
present value of all amounts = [tex]\frac{1}{(1+0.12)} +\frac{1.25}{(1+0.12)^2} +\frac{1.50}{(1+0.12)^3} +\frac{90}{(1+0.12)^3}[/tex]
solve it we get
present value of all amounts = 66.7
so maximum amount that is paid to earn 12% return is $66.7
so correct option is a) $66.68 per share
Making sure all channels work together when a company sells through additional channels beyond the web is: A) brand engagement. B) customer engagement. C) channel integration. D) cyber consistency.
Answer:
The correct answer is c. channel integration.
Explanation:
Producers and intermediaries act together to obtain mutual benefits. Sometimes the channels are organized through agreements; There are others that are organized and controlled on the initiative of a single director that can be an agent, a manufacturer, a wholesaler or a retailer. This director can establish policies for it and coordinate the creation of the marketing mix.
The links of a channel can be combined horizontally and vertically under the administration of a channel leader. The combination can stabilize supplies, reduce costs and increase coordination of channel members.
Vertical integration of the channels: Two or more stages of the channel are combined under one direction. This results in the purchase of the operations of a channel link or the performance of the operations of this link to carry out the functions.
This integration includes the control of all functions from manufacturing to the final consumer.
Horizontal integration of the channels: It consists of combining institutions at the same level of operations under a single administration. An example will be department stores. This integration provides significant savings in advertising specialists, market research, purchases, etc. And it can be carried out by an organization by merging with other organizations or by increasing the number of units
Knelling Company reported a balance in Accounts Receivable of $50,000 and a credit balance of $3,000 in the Allowance for Doubtful Accounts. The company’s aging of accounts receivable determined $12,000 to be uncollectible. Prepare the end-of-period adjusting entry to record bad debit expence.
Answer:
Bad Debt A/c Dr $9,000
To Credit Allowance for Bad & Doubtful A/c $9,000
Explanation:
According to the scenario, the given data are as follows:
Accounts receivable = $50,000
Credit balance in Allowance for doubtful A/c = $3,000
Uncollectible Amount = $12,000
So, Bad debts = Uncollectible Amount - Credit balance in Allowance for doubtful A/c
= $12,000 - $3,000
= $9,000
So, the journal entry are given below:
Bad Debt A/c Dr $9,000
To Credit Allowance for Bad & Doubtful A/c $9,000
(Being the Bad debt A/c is recorded)
___________ is an important example of an upper-middle income economy because it manages to export a wide array of goods including tobacco and citizens have a higher standard of living than lower-income economies while still dealing with serious human rights issues such as hazardous child labor practices.
Answer:
Kazakhstan
Explanation:
Kazakhstan is a country which comes under the upper-middle economy in the world. Their living standard is beyond any other neighbouring countries because it has managed to export a wide array of goods including tobacco. Over the years, Kazakhstan has suffered major human rights issues, but still managed to grow its economy at a reasonable rate.
The quantity supplied is the:
a. incremental cost of producing one more unit of output, holding all other things constant.
b. change in the sellers' output multiplied by the change in price.
c. amount of a good that firms are willing and able to sell at a particular price during a given period of time.
d. amount of inputs that a firm earns profit on.
Answer:
c. amount of a good that firms are willing and able to sell at a particular price during a given period of time.
Explanation:
Quantity of any goods that a business is willing to sell at a particular price during a given time period is called Quantity supplied. For Example when the price of an apple $1 the quantity supplied is 200 apples a week. if the price falls to $0.85 per apple the quantity supplies will fall to 150 apples a week. So, Quantity supplied at $1 is 200 apples and at $0.85 is 150 apples per week.
A marketing company wants to estimate the proportion of consumers in a certain region of the country who would react favorably to a new marketing campaign. Further, the company wants the estimate to have a margin of error of no more than 5 percent with 90 percent confidence. Of the following, which is closest to the minimum number of consumers needed to obtain the estimate with the desired precision?a. 136
b. 271
c. 385
d. 542
e. 769
The closest to the minimum number of consumers needed to obtain the estimate with the desired precision is (b) 271
Explanation:
When the prior estimate of population proportion is not given , then the formula to find the sample size is given by :-
[tex]n=0.25(\frac{z^{*} }{E} )^{2}[/tex]
where E = Margin of error.
z* = Critical z-value.
As per given , we have
E = 5%=0.05
Confidence level = 90%
The critical value of z at 90% is 1.645 (By z-table)
Put all values in the formula , we get
n=0.25(1.645/0.05)²
n=0.25(32.9)²
n=270.6025≈271
Thus, the minimum sample size needed = 271
Hence , the correct answer is 271 .
Why is it essential to differentiate between real and nominal growth rates of GDP? A. The nominal growth rate is more informative than the real growth rate since it is broader in the sense that it captures both price and output changes. B. The nominal growth rate combines the effect of price changes along with changes in the production of goods and services and thus gives a less clear indication of the impact on living standards. C. It is the real growth rate that is meaningful since it indicates the change in the production of goods and services, a very significant source of improved living standards. D. All of the above. E. B and C only
Answer:
B.
Explanation:
The main reason as to why it is essential to differentiate these two is that the nominal growth rate combines the effect of price changes along with changes in the production of goods and services and thus gives a less clear indication of the impact on living standards. While the real growth rate measures economic growth in relations to the GDP in different periods, and expressed in real terms, and since it is divided by the population it means that in order to sustain a standard of living it needs to increase at a rate faster than the population.
An investor purchased 100 shares of stock x at \small 6\frac{1}{8} dollars per share and sold them all a year later at 24 dollars per share. if the investor paid a 2 percent brokerage fee on both the total purchase price and the total selling price, which of the following is closest to the investor's percent gain on this investment? (a) 92%(b) 240%(c) 280%(d) 300%(e) 380%
Answer:
(c) 280%
Explanation:
Given that
Number of shares purchased = 100 shares
Purchase cost of a share = 49 ÷ 8
Sale price of a share = $24
And, brokerage paid = 2%
Now the purchase cost is
= 100 shares × 49 ÷ 8 + 2% × 100 shares × 49 ÷ 8
= $612.5 + 0.02 ×$612.50
= $624.75
And, the income amount arise from the sales is
= $24 × 100 - 2% of $2,400
= $2,400 - $48
= $2,352
Now the percentage gain on the investment is
= (Income - purchase amount invested) ÷ (Purchase amount invested) × 100
= ($2,352 - $624.75) ÷ ($624.75) × 100
= ($1,727.25) ÷ ($624.75) × 100
= 276.43% or 280%
A small Austrian fishery firm wanted to expand into a new region of the country, but was in competition with a bigger, more established firm. The smaller firm, however, was successful in developing and maintaining key political relationships and were ultimately granted the necessary government permits. Which of the following was key to the smaller firm’s success? a. causal ambiguity.
b. commoditization.
c. social complexity.
d. ambidexterity.
Answer:
d. ambidexterity.
Explanation:
Ambidexterity -
It refers to the practice of using various strategies in order to attain certain project on time , is referred to as ambidexterity .
The method uses many strategies in order be always on the upper hand than the other people or company .
The method is used by most of the very successful people and company , as these people are always ready for the worst scenario and difficult situation with a better alternative plan .
Hence , from the given scenario of the question ,
The correct option is d. ambidexterity .
Mandy and Jeff have a net worth of $25,000 and total assets of $140,000. If their revolving credit and unpaid bills total $2,200, what are their total liabilities
Answer:
A. $115,000
Explanation:
Given that
Total asset = 140,000
Net worth = 25000
Recall that
Net worth = Total asset - total liabilities
Therefore,
Total liabilities = Total asset - Networth
Thus,
Total liabilities = 140000 - 25000
= $ 115,000
Therefore, total liabilities = $115,000
Note that, total liabilities is the total debt and financial obligations owed by a business to individuals or organizations during a specific period of time. The 2,200 is not useful in calculating because it's already accounted for in the 115,000.
Venus Electronics Inc. wants to ensure that its products best suit the needs of its customers, so the head of the marketing department holds a meeting with the managers of the production department. This illustrates _____ communication.
Answer: Diagonal Communication.
Explanation: Diagonal Communication is the type of communication between employees at different levels of an organization, or communication among different structures within an organization.
Usually it involves the sharing of information among levels in which one is higher and another is lower. For example when the Vice-president in sales sends an email to the sales supervisor to inform him/her about a change in sales strategy.
Answer: diagonal
Explanation:
This type of communication is characterized by the crossing of information between departments, which in general are not at the same level of hierarchy since they are different and do not establish a dependency relationship between them. The purpose is to increase the speed in the transmission of information, improve the understanding of the information transmitted and the coordination of efforts to achieve the objectives of the company.