Answer: Brenda is not guilty of bribery.
Explanation: Bribery refers to the offering, giving, soliciting, or receiving of any item of value as a means of influencing the actions of a government official or legal office holders. Bribery, the act of promising, giving, receiving, or agreeing to receive money or some other item of value with the corrupt aim of influencing a public official in the discharge of his official duties.
Which of the following are consistent with the efficient markets hypothesis? Check all that apply. You should spend several hours a day studying the business section of your local newspaper to determine which stocks to add to your investment portfolio. O Stock markets reflect all available information about the value of stocks O Changes in stock prices are impossible to predict.
Final answer:
The efficient markets hypothesis asserts that stock markets reflect all available information and that stock price changes are unpredictable since they instantly incorporate new information. Therefore, options that align with EMH are that stock markets reflect all available information about stock values and that changes in stock prices are impossible to predict, making daily newspaper analysis for stock selection ineffective.
Explanation:
The question asks which of the following are consistent with the efficient markets hypothesis (EMH). According to the EMH, formulated by Professor Eugene Fama, stock markets reflect all available information about the value of stocks, and thus, changes in stock prices are unpredictable because they immediately incorporate new information. This theory implies that it is impossible to consistently achieve higher returns than the average market return through stock selection or market timing based on publicly available information.
Stock markets reflect all available information about the value of stocks.
Changes in stock prices are impossible to predict.
The concept of spending several hours a day studying the business section of a newspaper to determine which stocks to add to an investment portfolio is inconsistent with the EMH. This is because, under EMH, all publicly available information is already reflected in stock prices, making it futile to attempt to find undervalued stocks through such analysis.
Once breakeven in units is calculated for multiple product companies, how is the breakeven in units determined for each separate product in the sales mix? A. Breakeven in units for each individual product cannot be determined when you have more than one product B. Multiply the breakeven in units by the weighted average contribution margin C. Multiply the breakeven in units by the sales mix D. Multiply the breakeven in units by the average of the individual contribution margins
Answer:
Option C Multiply the breakeven in units by the sales mix
Explanation:
The breakeven point was the sales required by the sales mix combined to reach at the no profit or loss position. The breakeven was calculated by:
Breakeven Units = Sales mix * Breakeven units.
So the right option here is option C
Final answer:
To determine the breakeven in units for each separate product in a company's sales mix, multiply the overall breakeven in units by the sales mix percentage for each product.
Explanation:
When dealing with a company that offers multiple products, calculating the breakeven point for each product can be more complex than for a single-product company. After determining the overall breakeven point in units for the company, to find the breakeven point for each product within the sales mix, one should multiply the breakeven in units by the sales mix percentage for each specific product. This incorporates the relative selling quantity of each product in the company's product portfolio.
The sales mix is a critical factor because it reflects the proportion of each product sold relative to total sales. To calculate the breakeven for each product, you take the total breakeven in units and allocate it according to the sales mix percentages. The sales mix shifts the focus from just looking at a product's individual contribution margin to understanding how the mix of different products contributes to the overall profitability.
A book was on sale for 40\@@, percent off its original price. If the sale price of the book was \$18.00$18.00dollar sign, 18, point, 00, what was the original price of the book
The original price of the book was $30.00.
Explanation:In this problem, we are given the sale price of the book and the percentage discount, and we are asked to calculate the original price of the book. Let's denote the original price as X. The book was on sale for 40% off its original price, which means 60% of the original price equals to the sale price, $18.00. So, we can set these in the equation as 0.60*X = $18.00. Now we just need to solve this equation for X to find the original price. We will divide both sides of the equation by 0.60. So, X = $18.00 / 0.60 = $30.00.
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Some examples of security measures to safeguard inventory include1. storing inventory in areas that are restricted to only authorized employees.2. locking high-priced inventory in cabinets. 3. using two-way mirrors, cameras, security tags, and guards. 4. All of these choices are correct.
Answer:
Option D All of these choices are correct.
Explanation:
The reason is that the locking the high priced inventory in cabinets, using cameras, two way mirrors, security tags, etc are all security measures because the purpose of such measure is to safeguard the asset. So all the options here are correct.
Donna works in an auditing firm and her manager is extremely happy with the quality of her work. When the department head sends out an e-mail highlighting the common errors made while auditing a client's files, Donna does not bother to read the e-mail. This is because she knows that those errors were not made by her. This scenario best exemplifies:_______.a. selective perception.
b. stereotyping.
c. self-monitoring.
d. projection.
Answer:
a. Selective perception
Explanation:
Selective perception is a situation wherein an individual only perceives what he/she prefers and to and chooses to ignore and reject whatever else is being conveyed.
In such cases, the individual in question is only bothered of what suits his/her perception and views.
In the given case, Donna ignored the mail of her departmental head wherein she was notified of some errors. Though she knows she did not commit the mentioned errors, she chose to completely ignore them rather respond and convey that she did not commit those errors.
This falls under the purview of Selective Perception.
_________________ is the process of making informal connections with mutually beneficial business contacts. A. Networking B. Interviewing C. Intermingling D. Interacting E. Connecting
Answer:
A) Networking
Explanation:
Networking is an activity that involves creating business relationships with other business people that will help you identify opportunities for establishing partnerships or joint ventures, or recognizing the opportunity of new markets. It is basically social networking on a business level that can help your business grow.
The supply curve for a good will be more elastic if: spending on the good accounts for a large share of a consumer's income. there is very little time for producers to respond to a price change. production inputs are readily available at a relatively low cost. the good is a luxury item.
The supply curve for a good will be more elastic if "production inputs are readily available at a relatively low cost".
Option: C
Explanation:
The graphical interpretation is applied to understand the concept of supply curve for any good available in market. This is done by correlating the cost of a good or service and the supplied amount during a given period. In such representation the cost is mentioned vertically on the left axis, while the amount supplied is mentioned horizontally.
The coverage of responsiveness with respect to variations in cost of demand or supply products is understood as elasticity. Here when the small variations in cost leads to the large variations in consumed amount of product, thus curve become more elastic. While if a curve is found less elastic, which showcase that their is large variations in the price to impact a change in consumed amount.
Your company relocated you from the United States to their United Kingdom office in London. You brought your personal computer with you and are in the process of setting it up. Your computer was previously configured to receive 115 VAC, but the electricity in London uses 230 VAC.
Answer:
You can use your computer safely by just toggling the voltage switch on the power supply form 110 volts to 230 volts.
Explanation:
This is a similar issue to what happens with the metric system, the imperial system is used in the US as a cultural thing but it's rarely used anywhere else. The US uses 100 volts because Thomas Edison thought it would be better, while basically everyone else in the world disagrees.
Since most computers are built in China or some other Asian country, they either have an automatic voltage selector or they have a manual switch. In case the power supply uses a manual switch, all you have to do is toggle it to 230 volts.
Caitlin wants to be a teacher when she graduates. She is very friendly toward others in her classes and contributes to class discussions thoughtfully. She has made it a point to get to know her instructors by stopping in during office hours and has joined a service learning group focused on teaching reading skills to speakers of English as a second language. Caitlin is making an effort in building
Answer:
Networking Relationships.
Explanation:
As Caitlin wants to be a teacher and she is very friendly toward others in her classes and contributes to class discussions thoughtfully. She has also made it a point to get to know her instructors by stopping in during office hours and has joined a service learning group focused on teaching reading skills to speakers of English as a second language. Caitlin is making an effort in building and networking relationships. She wants to enhance her connections with as many people as she could. She also wants to be well known and acknowledged by her teachers as well which definitely can help her in reaching her goal of becoming a teacher because she will be quite popular among many circles.
First National has just foreclosed on the mortgage of one of its debtors, Rayon Chemical. It will be six months before Rayon can sell the property. What can First National do with the property without risking CERCLA liability? a. Inspect the property. b. It is too late; foreclosure results in CERCLA liability. c. Operate the plant. d. none of the abo
Answer:
Inspect the property.
Explanation:
CERCLA liability is placed on the person or entity that actually owns the specific contaminated facility in question. Therefore the best way to avoid CERCLA liability would be to inspect the property and see if it is contaminated in any way. If it is then First National will have to hire a company to decontaminate the facility and make sure it is up to par with industry safety standards.
Which of the following statements (if later established as untrue) would constitute a misrepresentation defense to contract formation? a. "You are going to love this house as we have." b. "The school system here is very fine." c. "This farm's well is adequate for household, ranch, and crop needs." d. "Our buyers are the happiest customers around."
Answer:
c. "This farm's well is adequate for household, ranch, and crop needs."
Explanation:
In common law jurisdictions, a misrepresentation is an untrue or misleading statement of fact made during negotiations by one party to another, which induces the other party to enter into the contract.
Only option C above reflects a statement that can be made during negotiation and would most likely induce the acquiring or renting party to enter the contract because it is a benefit on which the price of the property can be determined and buyers respond to perceived benefits.
A corporation has issued 50,000,000 shares of common stock at $2 par. The corporation has 10,000,000 shares of Treasury Stock on its books. The aggregate value of the outstanding shares is:
A. $20,000,000
B. $40,000,000
C. $80,000,000
D. $100,000,000
Answer:
C. $80,000,000
Explanation:
The issued shares are those which are held by the shareholder of the company and Treasury shares and those share which are bought back by the company. So it is not reported in the outstanding shares. Outstanding share are the net of issued share and Treasury share.
Issued Share = 50,000,000 shares
Treasury shares = 10,000,000 shares
Outstanding shares = 50,000,000 - 10,000,000 = 40,000,000
Stock par value = $2
Value of outstanding shares = 40,000,000 shares x $2 = $80,000,000
Final answer:
The aggregate value of the outstanding shares is calculated by multiplying the number of outstanding shares (40 million) by the par value ($2), resulting in an aggregate value of $80,000,000.
Explanation:
The question asks for the aggregate value of the outstanding shares of a corporation that issued 50,000,000 shares of common stock at $2 par with 10,000,000 shares held as Treasury Stock. To calculate the aggregate value of the outstanding shares, we must first deduct the Treasury Stock from the total issued shares which gives us 40,000,000 shares outstanding (50,000,000 total shares - 10,000,000 Treasury Stock). Since each share has a $2 par value, we multiply the number of outstanding shares by the par value to get the aggregate value: 40,000,000 shares imes $2 = $80,000,000. Therefore, the correct answer is C. $80,000,000.
Market power: A. Is the same for all market structures. B. Means that a firm is a price taker, not a price setter. C. Is the ability to alter the market price of a good or service. D. Only exists for a monopoly.
Answer:
C) Is the ability to alter the market price of a good or service.
Explanation:
Market power can be held by both consumers and suppliers, it just depends on the size of each of them. For example, a monopoly has a very large market power because it is the only supplier of a certain product or service. On the other hand, a large manufacturer or retailer has a large market power over its vendors. E.g. Walmart is known for demanding the lowest possible prices form its vendors.
Jipmor, an interior décor store in the city of Jeswayde, manufactures designer white oak furniture. Jipmor is highly dependent on Casode, which is the only store in Jeswayde that sells white oak wood, for the timely delivery of good-quality wood. In the context of the specific environment, which of the following concepts does this scenario best illustrate?
A) Path dependence
B) Supplier dependence
C) Buyer dependence
D) Internal dependence
Option B
Supplier dependence concepts this scenario best illustrates.
Explanation:Supplier dependence is the extent to which a firm relies on that supplier because of the quality of the suppliers product to the firm and the challenge of obtaining other resources for that product. The principal findings designate that supplier dependence is a important contributor to improving supplier participation in buyer recommended training and growing supplier engagement in product development.
Also, supplier training and supplier engagement are important givers to the supplier's operational execution. A high level of supplier dependence on the client has been bestowed to improve the buyer's corresponding power in the relationship.
The scenario with Jipmor's reliance on Casode for white oak wood exemplifies supplier dependence, where a company is reliant on one supplier for critical materials. The integration of suppliers can also shift demand curves, reduce costs, and increase market concentration.
Explanation:The scenario described in the question best illustrates the concept of supplier dependence. Supplier dependence occurs when a company relies significantly on a particular supplier for essential materials or products. In the case of Jipmor, an interior décor store, their reliance on Casode for white oak wood is a clear example of supplier dependence, as Casode is the only store in Jeswayde that provides the material necessary for Jipmor's furniture manufacturing.
When discussing the impact of supplier integration, it is notable that demand for products can increase when suppliers merge to become an integrated firm. This integration may lead to an outward shift of the demand curve, from DA to D₁, as customers prefer the convenience of purchasing multiple services from a single platform. Additionally, such integration may reduce fixed costs, lower average costs, and increase output and profit, potentially leading to greater concentration in the marketplace.
The LMC Partnership has 3 partners and is concerned about what would happen to their $300,000 business if one of the partners should die. If they consider a buy-sell agreement, then each partner would have to buy a policy in the amount of $__________ on the other partners.
Answer:
$50,000
Explanation:
Since the partnership is valued at $300,000, then each partner's stake = $300,000 / 3 = $100,000
that means that each partner must purchase 2 policies (one for each of the other partners) that covers his/her stake = $100,000 / 2 policies = $50,000 per policy
A vendor has learned that, by pricing caramel apples at $1.25, sales will reach 111 caramel apples per day. Raising the price to $2.00 will cause the sales to fall to 81 caramel apples per day. Let y be the number of caramel apples the vendor sells at x dollars each. The linear equation y = -40x + 161 models the number of caramel apples sold per day when the price is x dollars each. Interpret the slope.
Solution:
Slope = y2 - y1 / x2 -x1
slope = 81 - 111 / $2.00 - $1.25
slope = -30/$0.75
So every $0.75 increase causes a decrease of 30 sales.
So the rise over run or slope of the line is -30/0.75 = -40/1
Start forming the equation:
y = mx + b
y = -40x + b
Substitute one of the points to find the y-intercept:
81 = -40(2) + b
Isolate for the y-intercept:
b = 161
So,
y = -40x + 161
The slope of the equation y = -40x + 161 is -40, meaning for every additional dollar the vendor charges, they will sell 40 fewer caramel apples per day. This shows an inverse relationship between the price and the sales.
Explanation:In the given linear equation y = -40x + 161, the slope is -40. The slope of a linear equation represents the rate of change. In this case, the model suggests that for each additional dollar (x) that the vendor charges for caramel apples, sales will decline by 40 apples per day (y). That is, increasing the price by $1 results in selling 40 fewer caramel apples. This represents an inverse relationship between the price of caramel apples and the number of sales. As the price increases, the number of apple caramels sold decreases.
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A firm that invests in an information system because it is a necessity of doing business does so because it is seeking to achieve which of the following business objectives? Improved decision making Survival Customer intimacy Operational excellence Competitive advantage
Answer:
Improved decision making
Explanation:
The information system in which the firm has invested money will allow it to improve its decision making process because now the information needed to take those decisions will be classified, systematized, sorted by relevance, and so on.
Managers will be able to draw statistical conclusions that will allow them to reduce the "noise", and focus on what is important for the business.
Final answer:
A firm investing in an information system is seeking the business objective of survival in a competitive market to ensure its ongoing operations, adaptability, and ability to attract investment.
Explanation:
When a firm invests in an information system because it is a necessity for conducting business, it is primarily seeking to achieve the business objective of survival. In a fiercely competitive marketplace, an information system can be integral to ensuring that a business stays operational, adapts to market requirements, meets customer expectations, and remains at par with or ahead of its competitors. Adopting new technologies may be indispensable for maintaining market presence and ensuring the firm does not cease to exist because of the inability to keep up with technological advancements or efficiency standards set by competitors.
Furthermore, as more information regarding a company's products, revenues, costs, and profits becomes widely available, firms gain the ability to attract outside investors like bondholders and shareholders. This accessibility to financial capital supports the firm's potential to continue operations and strive towards profitability, which is crucial because profits are the measurement that determines whether a business remains operating or not. Firms invest resources with the aim of profitability, and failure to stay profitable often leads to businesses exiting the industry.
In most high-tech industries, the fixed costs of developing a product are very _____, and the costs of producing one extra unit of the product are very _____.
Answer:
Fixed costs are high, variable costs are low
Explanation:
The reason is that the fixed costs are high because these fixed costs are uncontrollable and their might not be an alternative which means we have to move with higher fixed costs. And this is because most of tasks in manufacturing are handled by the machines not humans. So the cost of maintenance, depreciation, etc are fixed costs which are uncontrollable.
Furthermore, the company has very small variable costs because the company enjoys economies of scales, fast paced manufacturing machines, etc. And this is controllable by investments in another more robust machinery.
FacilitationBrendon Inc. required a permit to open its business in the country of Cadmia. Although it had met all the requirements for the permit, the officials concerned delayed providing Brendon Inc. with the permit. To expedite the process, the company made a payment to a customs official. Which of the following types of payments is this an example of?
The correct question should be:
Brendon Inc. required a permit to open its business in the country of Cadmia. Although it had met all the requirements for the permit, the officials concerned delayed providing Brendon Inc. with the permit. To expedite the process, the company made a payment to a customs official. Which type
of payment is this an example of?
Answer: Facilitation
Explanation:
Brendon Inc payment to the custom official in order to speed up the process for them to obtain a permit, is a form of facilitation payment. A facilitation payment is a kind payment made to speed up a process that would otherwise have taken a longer time.
Answer:
This is a bribe, and it is prohibited by the Foreign Corrupt Practices Act (FCPA) of 1977 .
Bribery is defined as giving money or some other type of consideration to a public official in exchange for benefits received by your business.
FCPA strictly prohibits any type of bribes given to foreign officials in exchange for small favors like this one or any other type of business advantage.
Manufacturing reports the following data for the month: Purchases of raw materials, on account $55,250 Materials requisitions: Direct materials 49,750 Indirect materials 3,700 Labor incurred (not yet paid): Direct labor 51,000 Indirect labor 2,500 Journalize the entries relating to materials and labor. Omit explanations.
Answer:
Journal 1
Direct Materials $49750 (Debit), Indirect Materials $3700,(Debit) Direct labor $ 51000 (Debit), Indirect labor $ 2500 ( Debit), Manufacturing Overhead Account $106960 (Credit)
Journal 2
Manufacturing Overhead Account $106960 (Debit), Accounts Payable $106960
Explanation:
Journal 1
Materials and Labor (both direct and indirect) resource acquired shows an accumulation of resources needed for manufacturing process.
Therefore these resources are being recorded in their respective accounts and transferred to manufacturing overhead account.
Journal 2
Both materials and Labor acquired for manufacturing process are still owing.The journal represent a present obligations in settlement of the Manufacturing overhead (Both for Materials and Labor)
You own 50 shares in a major corporation stock valued at $128 per share. This stock gained 12% in value last year. Assuming the stock will continue to grow at the same rate over the next 5 years, calculate the value of the stock per share in the 5th year.
Answer:
$225.58Explanation:
The growth of this stock is an example of annual compounded interest: the value will increase at the same rate over the next 5 years, thus every year its value will be multiplied by 1 + 0.12 = 1.12.
Thus, at the end of the year 5, the share will have multiplied its value (1.12)⁵ times:
[tex]Value=\$128\times 1.12^5\approx\$128\times 1.76234=\$225.58[/tex]
The value of the stock per share in the 5th year would be $143.36.
Explanation:To calculate the value of the stock per share in the 5th year, we need to find the new value of each share after 5 years. The stock gained 12% in value in last year, so we can use the formula:
New Value = Current Value * (1 + Growth Rate)Substituting the given values, we get:
New Value = $128 * (1 + 0.12)New Value = $143.36Therefore, the value of the stock per share in the 5th year would be $143.36.
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Bridget, the youngest owner of a family-owned restaurant, wants to make sure her company’s culture is embedded in their organization. In a recent tradeshow workshop, she learned that she can do this by having company rites and rituals, continuing to tell stories about company legends, and being a role model to her employe .A. True B. False
Answer: True
Explanation:
organizational culture brings great influence on employee behavior. It impacts motivation, promotes individual learning, affects communication, and improves organizational values, group decision making and solving conflicts. So when Bridget keeps telling stories about the legend, being a good role model and as lo introducing rites and rituals she is definitely affecting the company positively.
CraftWare Inc., a furniture manufacturer, uses ABC analysis to define its inventory value. The inventory contains wood, cast iron, adhesive, and carbon fiber. If wood accounts for 50 percent of the items and 5 percent of the total dollar value; carbon fiber accounts for 10 percent of the items and 60 percent of the total dollar value; cast iron accounts for 25 percent of the items and 18 percent of the total dollar value; and adhesive accounts for 15 percent of the items and 17 percent of the total dollar value, _____ can be classified as a class C item.
a. adhesive
b. carbon fiber
c. cast iron
d. wood
Answer:
d. wood
Explanation:
A Class C-item refers to items that have the lowest consumption value which is the lower 5% of the annual consumption value and it applies to the 50% of the total inventory items. Therefore based on this information and the information provided within the question it can be said that the class C item in this scenario would be wood.
Wood, accounting for 50% of the items but only 5% of the total dollar value in CraftWare Inc.'s inventory, is classified as a class C item based on ABC analysis.
To determine which item can be classified as a class C item in CraftWare Inc.'s inventory using ABC analysis, we examine the percentage of the total dollar value each item comprises. ABC analysis categorizes inventory items into three classes based on their value, with class A items being the most valuable, class B being of moderate value, and class C being the least valuable in terms of the percentage of total dollar value they represent. According to the information provided:
Wood accounts for 50% of the items and 5% of the total dollar value.
Carbon fiber accounts for 10% of the items and 60% of the total dollar value.
Cast iron accounts for 25% of the items and 18% of the total dollar value.
Adhesive accounts for 15% of the items and 17% of the total dollar value.
Since class C items are those that contribute the least to the total dollar value, wood, which accounts for only 5% of the total dollar value despite being 50% of the items, can be classified as a class C item. Therefore, the correct answer is d. wood.
Suppose people are in consumer equilibrium buying 10,000 units of good X at a given price. Then the price of good X falls to $0. It follows that people will buy more of good X and that the marginal utility of the last additional unit they buy will be __________ the __________ of the 10,000th unit.
Answer:
lower than; marginal utility
Explanation:
lower than; marginal utility
It follows that people will buy more of good X and that the marginal utility of the last additional unit they buy will be Lower than the Marginal Utility of the 10,000th unit.
Victoria works in the production department for a manufacturer of coffee equipment. A new promising product idea the company is considering involves the development of simple pour-over coffee makers. These coffee makers would be made of wood with a cotton drip bag, similar to what is known in Costa Rica as Chorreadores. Victoria's firm thinks this type of product can catch on in the United States because they are exotic and highly environmentally friendly. Refer to Scenario 12.4. Victoria is working with a team to determine the feasibility of the product. Together with her team, she shows a small group of avid coffee customers a written description as well as a photo of the proposed product. She hopes to determine whether they would buy the product and what they think about it. Victoria and her team are at what stage in the product development process?
Answer: concept testing stage
Explanation: Concept testing is the process of evaluating consumer response to an idea before introducing a product to market.
In the concept testing stage of new product development, a product concept in physical or symbolic form is presented to groups of target consumers.
Victoria and her team are conducting concept testing to evaluate customer interest and potential marketability of their new pour-over coffee maker.
Victoria and her team are at the concept testing stage in the product development process. At this stage, they are presenting a description and visuals of the product to a small, targeted group to gauge customer reaction and buying intentions. Concept testing is crucial to understand potential customer interest and to forecast the market potential before investing in the actual product development and launch.
How would you adjust your plan to account for an injury or plateau by varying various movement principles like frequency, overload, time, adaptation, intensity or progression to help you to meet a physical fitness goal.
The overload principle says that we have to increase the intensity, duration, type or time of a workout progressively in order to see adaptations.
Explanation:
The principle states that the increase in overload can be achieved by using Frequency, intensity, time and type when the body adapts to its present routine.
The specificity states that only targeted exercises will improve specific fitness goals. The adaptations are improvements in endurance, strength, or muscle size.
It helps you to create a workout plan that will be effective in reaching your fitness goals. There are four elements to think about to create workouts that your goals and fitness level.
Assume that the City of Juneau maintains its books and records to facilitate the preparation of its fund financial statements. The city pays its employees bi-weekly on Friday. The fiscal year ended on Wednesday, June 30. Employees had been paid on Friday, June 25. The employees paid from the general fund had earned $90,000 on Monday, Tuesday, and Wednesday (June 28, 29, and 30). What entry, if any, should be made in the city’s general fund on June 30? Debit Expenditures $90,000; credit Accrued wages and salary $90,000 Debit Expenses $90,000; credit Accrued wages and salary $90,000 Debit Expenditures $90,000; credit Encumbrances $90,000 Debit Expenses $90,000; credit Encumbrances $90,000
Answer:
Debit Expenses $90,000; credit Accrued wages and salary $90,000
Explanation:
If we assume that the City of Juneau maintains its books and records to facilitate the preparation of its fund financial statements. The employees paid from the general fund had earned $90,000 on Monday, Tuesday, and Wednesday (June 28, 29, and 30).
The entry, if any, should be made in the city’s general fund on June 30 is to: Debit Expenses $90,000; credit Accrued wages and salary $90,000
The amount has been incurred in the month but has not been paid hence it has to be captured as expenses for the month of June while the double entry will be that the amount is captured as accrued wages signifying that it has not been paid within the period it was incurred
Answer: Debit expenses $90000; credit accrued wages and salaries $90000
Explanation:
Accrued wages and salaries are liabilities unpaid at the end of a financial period in respect of wages and salaries.
The entry for accrued wages and salaries involves a debit to the expense account and a credit to the accrued wages and salaries account. In the case of the financial statements for City of Juneau described above, we can make the entry thus:
Payment of wages is biweekly, and was last paid on Friday June 25.
The year ended June 30, therefore workers have earned wages for Monday, Tuesday and Wednesday amounting to $90000.
So we have to debit expenses with $90000 and credit accrued wages and salaries with $90000.
Because the accrued wages will be paid in the next financial year, the entries will be reversed at the beginning of that year.
Carol will be a bridesmaid next summer, and she purchased her dress online. The next time she turned on her computer, Carol was surprised to see special offers for matching accessories. This is an example of which marketing strategy?
A. public relations
B. sales promotions
C. direct marketing
D. personal selling
E. media advertising
Answer:C. direct marketing
Explanation:Direct marketing is an advertising strategy that relies on the individual distribution of a sales pitch to potential customers. Mail, email, and texting are among the delivery systems used. It is called direct marketing because it generally eliminates the middleman such as advertising media.
Direct marketing is the form of marketing communication that is most easily personalized, including increased use of customer databases to track purchases made online.
Answer:
C) Direct marketing
Explanation:
Direct marketing also known as 'direct response marketing'
is a marketing or promotional strategy involving the presentation of information about a product or services in a company to prospective consumer with the eradication of a middleman.
It is called direct marketing because it generally eliminates the middlemen such as marketing or advertising media.
It is a form of advertisement target at potential buyers.
Carol could see special offers to matching accessories to her order because she is seen as a potential buyer of those accessories.
Direct marketing is a form of communicating an offer directly to a targeted customer.
Accord Company purchased land for $100,000 by making a cash payment of $30,000 and promising to pay the remaining amount in a later accounting period. What is the net effect of this transaction on Accord's accounting equation?
Answer:
Assets and liabilities both will increase by $70,000.
Explanation:
Given data provided
Purchase land = $100,000
Cash payment = $30,000
The computation of net effect is shown below:-
= Purchase land - Cash payment
= $100,000 - $30,000
= $70,000
Therefore, for computing the net effect we simply deduct cash payment from purchase land. So, Assets and liabilities both will increase by $70,000.
A ______ macroeconomist believes that the economy is self-regulating and always at full employment. A ______ macroeconomist believes the economy requires active help from fiscal policy and monetary policy to maintain full employment.
Answer:
Classical and Keynesian
Explanation:
Classical theory is the theory which states as well as assumes that over the long period, the existence or presence of the full employment without any inflation. There are competitive forces within the system of the economy which maintain the full employment and the economy produce the output.
Keynesian theory of the economist states or represent that the total or aggregate spending of the economy and its effects on output, which help from the monetary as well as fiscal policy for maintaining full employment.