Answer with its Explanation:
The accounting treatment are as under:
The note was issued because the customer required 6 months time to pay along with its interest.
The initial entry would be:
Dr Notes Receivable 33600
Cr Sales Revenue 33,600
When the interest would be due at the end of the note period the interest which is 5% for a year and 2.5% for 6 months.
Dr Interest Receivable 840
Cr Interest Revenue 840
When the cash will be paid the entry would be:
Dr Cash 34,440
Cr Notes Receivable 33,600
Cr Interest Receivable 840
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)
The going concern assumption:
a. Means that a business is accounted for separately from other business entities, including its owner.
b. Means that we can express transactions and events in monetary, or money, units.
c. Means that accounting information reflects a presumption that the business will continue operating instead of being closed or sold.
d. Presumes that the life of a company can be divided into time periods, such as months and years, and that useful reports can be prepared for those periods.
e. Prescribes that a company records the expenses it incurred to generate the revenue reported.
Answer:
B
Explanation:
Option c: the going concern assumption means that accounting information reflects a presumption that the business will continue operating instead of being closed or sold.
The going concern assumption is a fundamental principle in accounting and finance that allows businesses to prepare their financial statements with the expectation that they will continue to operate in the foreseeable future, rather than being liquidated or ceasing operations.
Let's break down the choices available based on your question:
a. Means that a business is accounted for separately from other business entities, including its owner.
This statement describes the entity assumption, not the going concern assumption.b. Means that we can express transactions and events in monetary, or money, units.
This refers to the monetary unit assumption, which is also not the going concern assumption.c. Means that accounting information reflects a presumption that the business will continue operating instead of being closed or sold.
This is the correct definition of the going concern assumption. It implies that the business is expected to continue its operations for the foreseeable future and thus can defer the recognition of certain expenses until a later date.d. Presumes that the life of a company can be divided into time periods, such as months and years, and that useful reports can be prepared for those periods.
This describes the time period assumption, which is different from the going concern assumption.e. Prescribes that a company records the expenses it incurred to generate the revenue reported.
This pertains to the matching principle in accounting, not specifically the going concern assumption.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.
Katie’s Construction Company has built a home in a new subdivision and it was sold 6 months after it was built, for $48,500. This amount reflected a depreciation amount of 3%. Knowing this, what was the original asking price on the home?
Answer:
$50,000
Explanation:
Data provided in the question
Sale value of the home = $48,500
Depreciation rate = 3%
This amount is come after considering the depreciation rate
So, let us assume the sale price be 100 and after deducting the depreciation it came 97% i.e 100 - 3%
So, the original asking price on the home is
= $48,500 ÷ 97%
= $50,000
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
Which "Quality of Product" dimension would you be assessing when asking the question, "For any dimension that cannot be observed directly, does the product seem like a high-quality product?"
Perception is the "Quality of Product" dimension that would ask the question,"For any dimension that cannot be observed directly, does the product seem like a high-quality product?"
Explanation:The quality of any product or service is very important for any firm to get success. The dimensions of quality helps in the determination of the quality of any product or services. It considers many aspects in determining the quality of any goods or services. These includes, Performance, conformance, reliability, features, durability, aesthetics, serviceability and perception.
When we become aware of some products of services with the help of our senses refers to the term perception. It can be sensed either with the helps of the words that we hear about any product or how we see a product, etc. Thus it is the perception, a dimension of quality that can not be observed.
The question aims to assess the 'entirely subjective' dimension of product quality, which is based on personal experiences and feelings of customers about the product.
Explanation:Assessing Product QualityWhen asking the question, "For any dimension that cannot be observed directly, does the product seem like a high-quality product?", you are assessing a dimension of product quality that is entirely subjective. This assessment does not rely on objective measures or technical specifications but on the personal feelings and experiences of the customer. The quality of a product is ultimately determined by the customer, based on their experience with it and in comparison to their requirements, which may be stated or only sensed. Factors that contribute to this view of quality include whether the customer finds the product technically operational and if the product aligns with their personal determination of quality, which can be fluid and change over time.
It is important to remember that the assessment of quality is not a technocratic exercise, but rather an evaluation that takes into consideration the customer's feedback, expectations, and experiences. Companies must continuously solicit and react to customer feedback to effectively deliver products that meet changing customer needs. Therefore, understanding the entirely subjective aspect of product quality is crucial for ensuring customer satisfaction and the product's success in the market.
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.
Bellbird Corporation acquired an 80% interest in Honey Inc for $130,000 on January 1, 2014, when Honey had Capital Stock of $125,000 and Retained Earnings of $25,000. Bellbird's separate income statement and a consolidated income statement for Bellbird Corporation and Subsidiary as of December 31, 2014, are shown below.
Bellbird Consolidated
Sales revenue $150,000 $235,750
Income from Corporal 12,600
Cost of sales (60,000) (100, 000)
Other expenses (20,000) (50,000)
Noncontrolling interest income ( (3,150)
Net income $81,600 $81,600
Honey's separate income statement must have reported net income of:__________________.
Answer:
$15,750
Explanation:
The computation of the net income reported by two methods is shown below:
= Income from Corporal + Non-controlling interest income
= $12,600 + $3,150
= $15,750
Or we can one thing also
= Income from Corporal ÷ acquiring percentage
= $12,600 ÷ 80%
= $15,750
All other information that is mentioned in the question is not relevant. Hence, ignored it
Wanting to make the most effective use of your time, you schedule the weekly staff meeting at 9:00 A.M. According to suggestions in the text, this is an effective time for a weekly staff meeting.
a. True
b. False
When the price of apples goes up a. The demand for apples will decrease b. The demand for apples will increase c. The quantity demanded for apples will decrease d. The quantity demanded for apples will increase
Answer:
c. The quantity demanded for apples will decrease
Explanation:
The law of demand states that the higher the price , the lower the quantity demanded and the lower the price, the higher the quantity demanded.
Price and quantity demanded have an inverse relationship.
This explains why the demand curve is downward sloping.
If the price of apples is increased, apples become more expensive and consumers would reduce the quantity demanded.
I hope my answer helps you
Corporate-level strategies are strategies a firm uses to diversify its operations from a single business competing in a single market into several product markets and, most commonly, into several businesses. T/F
Answer:
The correct answer is False.
Explanation:
The business strategy is the plan devised by management at the start of each new project to direct staff, carry out tasks, fulfill commitments and achieve set objectives. Simply put, business strategy sets the tone and defines the future of any organization. The success of companies depends on its design, execution and evaluation.
Melrose Company has an investment in bonds issued by Roscoe Industries that are classified as available-for-sale securities. The bonds were purchased at par. On December 31, Year 2, the Investment in Roscoe bonds account had a debit balance of $200,000, representing its amortized cost, and its Fair value adjustment account had a credit balance of $5,000. On December 31, Year 3, the amortized cost of those bonds had not changed, but the fair value of those bonds was $225,000. Which of the following will be included in the related journal entry dated December 31, Year 3?
a. Debit to Fair value adjustment for $20,000
b.Credit to Fair value adjustment for $20,000
c. Debit to Fair value adjustment for $30,000
d. Credit to Fair value adjustment for $30,000
Answer:
c. Debit to Fair value adjustment for $30,000
Explanation:
The first step of accounting process is Journal entry and it is made to record the transactions for process of book keeping, it defines the accounts involved and effects of transactions on the account by debit or credit.
As the bond price is amortized earlier by 5,000 then its net realizable value was $195,000 ( $200,000 - $5,000 ). on December 31, year 3 the fair value adjusted to $225,000. so the adjusted value will be $30,000 ( $225,000 - $195,000 ). The journal entry is as follow
Dr. Cr.
Dec 31, year 3
Fair value adjustment account 30000
Unrealized gain on available for sale securities 30000
Final answer:
The correct journal entry for the fair value adjustment on December 31, Year 3, is a credit to Fair value adjustment for $20,000, reflecting the increase in the fair value of the bonds from the end of Year 2 to the end of Year 3.
Explanation:
The question pertains to adjusting the journal entry for the fair value change of available-for-sale securities at the end of the year. Since the amortized cost of the bonds did not change and remains at $200,000, and the fair value at the end of Year 3 is $225,000, the increase in fair value from the previous year-end is $25,000 ($225,000 - $200,000). At the end of Year 2, the fair value adjustment account had a credit balance of $5,000. To adjust this to the new fair value, an additional $20,000 (the difference between $25,000 and the existing $5,000 credit balance) must be recognized.
A credit entry to increase the fair value adjustment account by $20,000 will reflect the increased fair value of the bonds at the end of Year 3. The journal entry on December 31, Year 3, includes a credit to Fair value adjustment for $20,000, representing the increased fair value of the investment since it must equal the cumulative change from the amortized cost to the fair value.
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.
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.
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.
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.
Which of the following is true about a T-Account? Group of answer choices Left hand side of the T-Account is called a debit. Left hand side of the T-Accounts is called a credit Right hand side of the T-Account is called a debit None are true.
Answer:
The statement which is true about a T - Account is : Left hand side of a T - Account is called a debit.
Explanation:
A T-Account is a ledger account used to record any profit or loss item (expense and incomes) as well as any balance sheet item (Assets,Liabilities or Equity).
Every T - Account consist of a A Debit or Credit Side.
Debit Side of a T- AccountThis side is used to record entries that depicts flow of resources into the business from and is represented by the Right Hand.
Credit Side of a T-AccountThis side is used to record entries that depict outflow of resources from the business and is represented by the Left Hand Side
So basically as the Accounting rule goes, " Debit the receiver and Credit the giver" The Debit is the receiving side and that is on your Left Hand Side.Whilst the Credit is your giving side and that is your Right Hand Side.
A T-Account is a balance sheet with a debit side on the left and a credit side on the right. Debits represent an increase in assets or a decrease in liabilities, while credits represent an increase in liabilities or a decrease in assets. The total of debits must always equal the total of credits in a T-Account.
Explanation:A T-Account is a balance sheet with a two-column format, with the T-shape formed by the vertical line down the middle and the horizontal line under the column headings for Assets and Liabilities. The left hand side of the T-Account is called a debit, which represents an increase in assets or a decrease in liabilities. The right hand side of the T-Account is called a credit, which represents an increase in liabilities or a decrease in assets. In a T-Account, the total of debits must always equal the total of credits.
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Ronald suffers from dementia that impacts his brain function, but he also has healthy periods of time when his mind is fully functioning. During one of these healthy periods, Ronald enters into a contract, which he later seeks to avoid. In a majority of states, the contract will not be enforced because of Ronald's dementia.1. True2. False
Answer:
2. False
Explanation:
Capacity to a contract refers to whether the person to a contract is legally competent to enter into such a contract.
For instance, lunatics, drunkards, minors, criminals and person of unsound mind are deemed incapable of entering into a contract.
A person diagnosed with dementia, which impairs his decision making would normally be regarded as incapable to signing a contract.
But, capacity is ascertained as per the situation i.e at the time the contract is signed or entered into.
In the given case, Ronald entered a contract while he was sane and in healthy state of mind. His judgement at the time of entering such a contract wasn't impaired by dementia.
Thus, the contract will be legally enforceable as per the law.
True entrepreneurs: a.hire professional managers to run their businesses. b.are professional managers whose job is running someone else’s business. c.undergo the process of planning and operating a business venture. d.assume less-than-total personal risk for the success or failure of the business.
Answer:
c.undergo the process of planning and operating a business venture
Explanation:
The definition of an entrepreneur is someone who seeks a market opportunity, and once it is found, starts a business with the goal of exploiting that market opportunity, investing capital and labor and incurring in financial risks, with the goal of obtaining a profit.
In other words, a true entrepreneur has to plan the way the business will be set up, including planning for capital, labor, and land costs. After the business is started, a true entrepreneur becomes the primary manager, which means that the operation of the business falls under his responsability.
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
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.
He should pay no more than $66.68 per share
Explanation:
Given ,
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%
Stock price per share expressed according to P / E ratio
P/E Ratio = Market Price per share ÷ Earnings per share
20 = Market Price per share ÷ $4.50
Market Price per share = 20 × $4.50
Market Price per share = $90
Earn 12% of return
So here you discount to present value all the planned dividend and market price. use as discount factor here a necessary rate of return
present value of all amounts = 66.7
So, maximum amount that is paid to earn 12% return is $66.7
Frank is a CPA who became interested in helping adults in some of the poorer neighborhoods file their taxes. He plans to start a tax filing center in a low-income area to help residents file their taxes at no cost. Frank’s center is an example of a(n)
Answer:
Nonprofit organization
Explanation:
Nonprofit organization ( NPO ) -
It refers to the institution which works for the betterment of the individual or group of people living in the society irrespective of their own profit , is referred to as a non profit organization .
It is also known as nonprofit institution and non-business entity .
These organisation works for the betterment of specific people .
These are the charitable and tax - exempted organisations .
Hence , from the given scenario of the question ,
The correct answer is Nonprofit organization .
A customer has $24,000 to invest in mutual fund shares. The registered representative advises the customer to invest $8,000 on ABCD fund; $8,000 in DEFF fund; and $8,000 in XYZZ fund; to give the customer complete diversification and reduce risk. These 3 funds all have different sponsors. This action is:________ A) appropriate for the customer B) a violation known as a breakpoint sale C) a violation known as spinning D) a violation known as interpositioning
Option B
This action is: a violation known as a breakpoint sale
Explanation:
Dividing consumer buying amounts will refuse the buyer the profit of the breakpoint. This is a crime recognized as a breakpoint sale. The whole amount should be spent in one fund or one fund family to provide the consumer with the most economical feasible sales cost. Since shared funds hold diversified responsibilities, the evidence that breaking the purchases additional raises diversification, and thus will decrease risk, is questionable. Mutual fund sales quantity refunds are possible when a client spends with a mutual fund family.
The recommended investment strategy of dividing funds among different mutual funds is known as diversification, which is appropriate and not a violation.
Explanation:The action taken by the registered representative to diversify the customer's investment portfolio into three different mutual funds is appropriate for the customer. The purpose of doing this is to distribute the customer's investment in a broad range of funds, thereby reducing risk. This practice, known as diversification, is a common investment strategy to maximize returns and minimize risks. The options related to 'breakpoint sale', 'spinning', and 'interpositioning' are types of violations in the securities industry, which do not apply to this situation, as each of these terms involve unethical or illegal actions.
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The U.S. Bureau of Economic Analysis (BEA) has recently adopted a new approach to calculate real GDP and real GDP growth to correct the problems of the fixed weights approach. One of the features of the new approach is that, now BEA uses
One of the features of the new approach is that, now BEA uses the geometric average of fixed weight indexes and uses two base years to calculate the growth rate of real GDP between two consecutive years.
Explanation:
In both actual and nominal GDP, the U.S. Economic Analysis Department results. It estimates the real United States. GDP is a fixed base year annual rate. Imports and international sales from American businesses and people are exempt.
GDP reflects the degree to which the economy generates production. Global warming is not generated and not part of GDP. The effect of environmental damage is not measured accurately. The loss should not be included in GDP and the calculation of environmental damage has not been accepted.
Grande Floors, Inc., and Home Decor Stores enter into a contract for a sale of carpeting. Grande Floors, a merchant who deals in goods of the kind sold, makes express warranties in connection with the sale. Under the UCC, at the time a contract is formed, an express warranty can be disclaimed or modified
a. in any way that the seller sees fit for the ordinary purpose.
b. in no way.
c. by clear, conspicuous language called to the buyer's attention.
d. by implied affirmations of fact relating to the goods.
Answer:
The correct answer is c. by clear, conspicuous language called to the buyer's attention.
Explanation:
The express guarantee is defined as a promise that the seller makes to the buyer about a good in the process of being sold, that is, some change in the conditions agreed upon initially. This process must be done clearly and concisely so that it is easily understood and the conditions that benefit both are offered.
An express warranty by Grande Floors, Inc. can be disclaimed or modified under the UCC; however, it is required to be done through clear and conspicuous language that is presented to Home Decor Stores. State laws may impose further limitations on disclaimers and modifications of warranties.
Explanation:Understanding Express Warranty Disclaimers Under the UCC
Under the Uniform Commercial Code (UCC), when Grande Floors, Inc., and Home Decor Stores enter into a contract for the sale of carpeting, Grande Floors can provide express warranties to reassure the buyers of the product's quality. However, the question at hand is whether an express warranty can be disclaimed or modified at the time a contract is formed. According to the UCC, express warranties can be modified or disclaimed, but this must be done through 'clear, conspicuous language' that is brought to the attention of the buyer.
Guarantees, warranties, and service contracts assure buyers that the seller stands behind their products. While most sellers seek to maintain strong warranties, the UCC allows for modifications or disclaimers, as long as they are communicated effectively to the buyer using clear language and are prominent enough to ensure the buyer is aware of them before the purchase. It is noteworthy, however, that some state laws may set specific limitations on the ability to disclaim or limit warranties.
Manufacturing costs that cannot be classified as either direct materials or direct labor are known as
Answer:
Manufacturing overhead
Explanation:
Manufacturing overhead -
It refers to the all the indirect cost , which is sustained during the phase of production , is referred to as manufacturing overhead .
The manufacturing overhead is independent of the administrative and selling functions of the business .
Therefore , bad debt , legal fees and corporate salaries is not counted in the manufacturing overhead .
It is hence , it is not categorized into direct labor or direct material , as these cost are directly applied to the unit of production .
Hence , from the given statement of the question ,
The correct answer is Manufacturing overhead .
The costs in manufacturing that cannot be classified as either direct materials or direct labor are known as overhead or indirect costs. They are part of fixed costs and encompass factory rent, machinery cost, R&D, and advertising expenses.
Explanation:Manufacturing costs that cannot be classified as either direct materials or direct labor are commonly known as overhead or indirect costs. This category is different from direct costs, which can be directly attributed to a product's production like raw materials and labor. Conversely, overhead costs are related to the entire operation, not singular products, and they cannot be distinctly allocated to a specific unit of output. Examples include rent on a factory, cost of machinery, research and development costs, and advertising expenses. These costs do not change with the level of production and are hence often referred to as fixed costs.
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You are assigned to resolve a conflict between two departments of an organization. Both parties have equal power. Both parties are under time pressure to resolve the conflict. You also realize that the parties lack trust/openness for problem solving. You are actively searching for a middle ground between the interests of the two parties. Which of the following conflict resolution styles would you use in this situation
Answer:
Compromising
Explanation:
Compromising in problem solving looks for an expedient and mutually acceptable solution which is partially satisfactory to both parties engaged in the conflict.
The choice of Compromise becomes appropriate: When the goals are moderately important and not worth the use of more assertive or more involved approaches, such as forcing or collaborating.
In the scenario it is stated that ''You are actively searching for a middle ground between the interests of the two parties.'' hence such middle ground presupposes compromise as the preferred strategy for the conflict resolution.
Nalpas Inc., an apparel company, manufactures clothes for men, women, and children. It further divides its core customers according to demographic variables such as income, ethnic background, and family life cycle. These demographic variables are examples of _____.
Full question:
Nalpas Inc., an apparel company, manufactures clothes for men, women, and children. It further divides its core customers on the basis of demographic variables such as income, ethnic background, and family life cycle. In this context, these demographic variables are examples of _____.
a. positioning bases
b. segmentation bases
c. product classes
d. market positions
Answer:
In this context, these demographic variables are examples of segmentation bases
Explanation:
Segmentation bases are the dimensions that can be applied to fragment a market. A segmentation basis is described as an assortment of variables or features used to select dormant customers to analogous groups. Demographic segmentation is one of the usual recommended and commonly used varieties of market segmentation.
Segmenting based on identifiable group attributes, such as age, profession, matrimonial status and so on. Because demographic information is analytical and accurate, it is normally almost easy to reveal using various sites for market research.
When an economy is temporarily operating at an output that is beyond its full-employment rate it means that
It means that excess demand in resource markets will lead to higher resource prices, which will increase costs and direct the economy toward full employment.
Explanation:
An economy’s full employment output is the highest production level when all available resources are used efficiently. It equals the highest level of production an economy can sustain for the long-run. It is also referred to as the full employment production which results in long term supply of the finished good.
When there is increased demand then eventually there will be an increase in the price and also costs of the production which leads the economy towards the full employment output as it is a sustainable output.
In the last decade or so, there has been a dramatic expansion of small retail convenience stores (such as 7-Eleven, Kwik Shop, and Circle K), although their prices are generally much higher than prices in large supermarkets. The success of these convenience stores can be partially explained by__________.
Answer:
yes
Explanation:
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