Answer:
Operationalization
Explanation:
Operationalization refers to the process of defining the measurement of a phenomenon that is not directly measurable, though its existence is inferred by other phenomena. Dr. Tylka studies the way that people value relationships but she derived a subjective social variable that was based on her own personal opinion and feelings. Her opinions was inferred from her previous studies whose existence was deduced by other phenomena.
Which of the following can banks use to borrow from the Federal Reserve?
a. the discount window or the term auction facility
b. the discount window but not the term auction facility
c. the term auction facility but not the discount window
d. Banks cannot borrow from the Federal Reserve, only the government can.
Answer:
a. the discount window or the term auction facility
Explanation:
The discount window is an instrument of monetary policy usually controlled by central banks of the nation that allows eligible institutions to borrow money from the central bank, usually on a short-term basis, to meet temporary shortages of liquidity caused by internal or external disruptions.
Term Auction Facility (TAF) is the same as discount window since the eligible collateral for loans is the same for both.
Barry and his wife Mary, have accumulated over $3.5 million during their 50 years of marriage. They have three children and five grandchildren. What is the total amount of estate removed from Barry and Mary's estate in 2017 if they gift the maximum allowable amount to their children and grandchildren without incurring any gift taxes?
Given the rules for gift tax exclusions set forth by the IRS in the United States during 2017, the maximum amount that Barry and Mary could gift their descendants (3 children and 5 grandchildren) without incurring any gift taxes would amount to $224,000.
Explanation:The subject in question concerns the gift tax exemption limits in the United States. In hindsight, the gift tax explains the maximum amount that Barry and Mary can give their descendants without having to pay for any gift taxes.
In 2017, according to IRS rules on annual gift tax exclusions, each individual was allowed to gift up to $14,000 to any number of individuals without incurring any gift tax. Given that Barry and Mary have 3 children and 5 grandchildren, that is a total of 8 individuals. Therefore, both Barry and Mary could each gift $14,000 to the 8 individuals, leading to a total of ($14,000 * 2 * 8) = $224,000 in gifts without incurring a gift tax.
Therefore, the total amount of estate removed from Barry and Mary's estate in 2017 if they made use of the maximum allowable gift tax exclusion would be $224,000.
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Barry and Mary can gift a total of $112,000 to their children and grandchildren in 2017 without any gift tax implications.
In 2017, the maximum allowable gift amount per person that could be given without incurring gift taxes was $14,000 per individual recipient. This means that Barry and Mary could each gift up to $14,000 to each of their children and grandchildren without triggering any gift tax liability.
Let's calculate the total amount Barry and Mary could gift without incurring gift taxes:
- They have 3 children and 5 grandchildren.
- Each child and grandchild can receive up to $14,000 from both Barry and Mary without gift tax consequences.
Total number of recipients = 3 children + 5 grandchildren = 8 recipients.
Maximum allowable gift per recipient = $14,000.
Total amount Barry and Mary can gift = Number of recipients × Maximum allowable gift per recipient
= 8 recipients × $14,000
= $112,000.
Therefore, Barry and Mary can gift a total of $112,000 to their children and grandchildren in 2017 without any gift tax implications.
Alton Co. had a cash balance of $32,300 recorded in its general ledger at the end of the month, prior to receiving its bank statement. Reconciliation of the bank statement reveals the following information:
Bank service charge – $15
Check deposited and returned for insufficient funds check – $120
Deposit recorded in the general ledger as $258 but should be $285
Checks outstanding – $1,800
After reconciling its bank statement, what amount should Alton report as its cash account balance?
Answer:
$32,432
Explanation:
Cash balance per cash book $32,300
Bank service charge (15)
Returned check 120
Correction of Deposit 27
Adjusted cash balance per general ledger 32,432
The bank charge will be recognized as a credit in the cash account. The returned check had been credited before and will be debited back to reverse the earlier treatment.
Additional deposit of $27 will be recognized in the books being the difference between $258 that had been recognized and $285 the actual amount.
The outstanding checks of $1,800 will not be adjusted for as the transactions are valid.
Maryann is implementing a new release of information (ROI) tracking system for her ROI clerks to utilize. She met with the vendor and the contract is pending until the legal department provides its final stamp of approval. Maryann is wondering what she should do next to introduce the process changes that need to take place and how she is going to manage the whole process. Maryann needs to develop a strong ______________________ plan in order for this process to be accepted by the HIM staff and for the entire project to be adopted smoothly.
A. negotiation
B. collaboration
C. conflict management
D. change management
Answer: Maryann needs to develop a strong change management plan in order for this process to be accepted
Explanation: Change management involves all the processes in transitioning from a known system to a desired future system in an organisation.
Since Maryann is looking to implement a new release of information (ROI) tracking system, a change management plan is the best tool to develop.
A frozen food manufacturer can produce either pizzas or calzones. As the result of an increase in the price of calzones, the firm produces more calzones and fewer pizzas.
Answer:
More supply of calzones
Explanation:
The increase in the price of calzones has resulted in an increase in the supply of calzones. The company can produce either pizzas or calzones; the increase in the supply of calzones will decrease the supply of pizzas. Overall, price and supply have a positive relationship which is why the increase in prices has increased the supply of calzones.
Final answer:
The increase in the price of calzones prompts a frozen food manufacturer to produce more calzones and fewer pizzas, demonstrating the concepts of elasticity of supply and how businesses adjust production in response to market changes to maximize profits.
Explanation:
The question centers around economic concepts related to supply, demand, and how changes in price affect production decisions in a business setting. When the price of calzones increases, the frozen food manufacturer decides to produce more calzones and fewer pizzas. This decision is likely due to the increase in potential profit margins from calzones, which now have a higher selling price. In economic terms, this is a classic example of how businesses respond to changes in market conditions to maximize their profits. The manufacturer shifts resources from pizza production to calzone production in response to the price change, a concept known as elasticity of supply.
The situation is an application of microeconomic principles, specifically focusing on how individual businesses make production decisions based on changes in the market. As the price of calzones increases, the marginal revenue from selling calzones becomes more attractive compared to pizzas, prompting the manufacturer to adjust its production lineup to enhance profitability.
Whether two goods are substitutes or complements can be determined by computing the.
Answer: cross price elasticity of demand
Explanation:
The cross price elasticity of demand measures the changes in quantity demanded of one good when the price of another good changes.
Substitute goods are goods that can be used instead of another good e.g. coke and pepsi. The cross price elasticity for substitutes is usually positive because an increase in price of one good increases the quantity demanded of the other good.
Complementary goods are goods that have to be consumed or used together. E.g. car and gas. The cross price elasticity for complementary goods are usually negative because an incease in price of one good leads to fall in the quantity demanded of the other good.
I hope my answer helps you
Marshall Manufacturing has recently revamped its promotional strategy. Marshall now utilizes a system that combines all the elements of their promotion mix to create a more responsive organization providing a consistent message. Marshall Manufacturing has adopted a(n)
A. Multilevel coordination plan.
B. Stakeholder response system.
C. Integrated marketing communication system.
D. Internal marketing program.
Marshall Manufacturing has adopted an integrated marketing communication system .
Option C
Explanation:
The main aim of an organisation is to have an effective communication channel to enhance their profit by adopting to an effective system.
For such effective system the organisation can make use of a model called Integrated marketing communication system this will organise and integrate all the promotional strategies of marketing and communicating to the end user.
This is a long process wherein the brand awareness will be created among the general customers at a low cost. This is also abbreviated as IMC which utilize numerous channels to communicate the campaign messages.
This campaign boost the efficiency of marketing activities that are used to convert strangers into prospects and prospects into customers.
Effective and efficient maintenance of records requires records management support personnel within______________.
Records management support personnel within an organization ensure efficient record maintenance by creating, storing, and retrieving records, thereby promoting operational efficiency and compliance with record-keeping laws.
Explanation:Effective and efficient maintenance of records requires records management support personnel within an organization. These individuals are responsible for creating, storing, and retrieving records as needed. They ensure that the organization's record system operates smoothly, which supports operational efficiency and compliance with laws and regulations for record keeping.
Good records management practices help organizations avoid lost or misplaced records, protect sensitive information, and save space and resources by disposing of records that are no longer needed. Functioning within all levels of the organization, these personnel can include data clerks, record analysts, and IT specialists, all working together to maintain a productive and compliant records management system.
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An ad for Campbell's Cream of Mushroom Soup shows pictures of dishes prepared using this soup, with a link to Campbell's website for the recipe and instructions. This illustrates:A. positioning by attributes/benefits.B. positioning by price/quality.C. positioning by product user.D. positioning by product class.E. none of the above.
Final answer:
Campbell's advertisement using images of dishes made with their Cream of Mushroom Soup is an example of positioning by attributes/benefits, emphasizing the soup's versatility and convenience for cooking. Historically, Campbell's has been innovative in displaying their products' appealing attributes, as seen in the 1960s vegetable soup ads with marbles to make the soup look more appetizing.
Explanation:
The advertisement showing pictures of dishes prepared using Campbell's Cream of Mushroom Soup with a link to their website for recipes illustrates positioning by attributes/benefits. This positioning strategy uses the physical aspects of a product - in this case, the versatility and convenience of the soup to make various dishes - to differentiate it in the market and appeal to consumers. Campbell's advertising tactic creates an image of the product that highlights certain desirable attributes, such as the ability to easily create delicious meals.
In reference to historical facts, in the 1960s, Campbell's used a clever technique in their magazine advertisements for vegetable soup by placing marbles in the bowl before adding the soup, ensuring that the bowl appeared full of vegetables and the product looked more appetizing. This kind of ingenuity in marketing speaks to the company's dedication to presenting their product's attributes in the best possible light.
A person will be deemed to be transacting insurance when the person advertises on the internet, and does any of the following, except:
A. Communicates with a California resident regarding one or more terms of an agreement to provide insurance on an insurance policyB. Accepts an application for coverage from a California residentC. Communicates an invitation to inquireD. Provides an insurance premium quote to a California resident
Answer:
C
Explanation:
A person will not be deemed to be transacting insurance when he/she communicates an invitation to inquire.
Communicating an invitation to inquire is the action that does not deem a person to be transacting insurance when advertising on the internet. This is distinct from other actions such as discussing agreement terms, accepting applications, and providing premium quotes.
Explanation:A person will be deemed to be transacting insurance when they advertise on the internet and perform certain actions. These actions include: communicating with a California resident about insurance agreement terms, accepting insurance applications, and providing insurance premium quotes. However, the action that does not deem a person to be transacting insurance is communicating an invitation to inquire. This is because simply inviting someone to ask questions about insurance does not necessarily mean that they are engaging in the business of insurance. Insurance companies face challenges in the market, such as adverse selection, and government laws and regulations may influence their operations, including the requirement for certain risk groups to purchase insurance even if it's at a higher rate.
What type of technology can add geographical identification data to media such as digital photos taken on a mobile device?
Answer:
GeoTagging
Explanation:
The type of technology used is Geotagging which refers to the process of adding geographical identification metadata to various types of media such as geotagged photograph or videos, websites, SMS Messages, QR Codes or RSS Feeds and is a form of geospatial metadata.
This data usually consists of latitude and longitude coordinates, though they can also include altitude, bearing, distance, accuracy data, and place names, and perhaps a time stamp. Geotagging can help users to find a wide variety of location-specific information from a given mobile device.
For instance, someone can find images taken near a given location by entering latitude and longitude coordinates into a suitable image search engine. Geotagging-enabled information services can also potentially be used to find location-based news, websites, or other resources
Geotagging can tell users the location of the content of a given picture or other media or the point of view, and conversely on some media platforms show media relevant to a given location.
The U.S. dollar exchange rate increased from $0.89 Canadian in June 2009 to $0.96 Canadian in June 2010, and it decreased from 83.8 euro cents in January 2009 to 76.9 euro cents in January 2010. Did the U.S. dollar appreciate or depreciate against the Canadian dollar? Did the U.S. dollar appreciate or depreciate against the euro cents? Between June 2009 and June 2010, the U.S. dollar ______ against the Canadian dollar. Between January 2009 and January 2010, the U.S. dollar ______ against the euro.
Answer:
appreciated; depreciated
Explanation:
The dollar appreciates when there is an increase in the value of the dollar compared to others. In 2009 $1 U.S dollar could buy $0.89 Canadian dollars. Then, in 2010 $1 U.S dollar could buy $0.96 Canadian dollars. Therefore, the U.S dollar appreciated because $1 U.S dollar can buy more Canadian dollars.
The opposite happened with the exchange rate between the U.S dollar and the euro. From 2009 to 2010 the exchange rate decreased from 83.8 to 76.9. Then the U.S dollar depreciated: $1 U.S dollar can buy less euros.
In the given timeframe, the U.S. dollar appreciated against the Canadian dollar and depreciated against the euro. This is because an increase in exchange rate signifies the strengthening of the domestic currency, while a decrease indicates its weakening.
Explanation:From June 2009 to June 2010, the U.S. dollar increased from $0.89 Canadian to $0.96 Canadian. This indicates that the U.S. dollar appreciated against the Canadian dollar because you could exchange one U.S. dollar for more Canadian dollars in June 2010 than you could in June 2009. Meanwhile, from January 2009 to January 2010, the U.S. dollar went from 83.8 euro cents to 76.9 euro cents. This indicates that the U.S. dollar depreciated against the euro because you would get fewer euros for one U.S. dollar in 2010 than you would in 2009.
In conclusion, when the exchange rate increases, it means one unit of the domestic currency is now worth more units of the foreign currency, therefore it is considered an appreciation of the domestic currency. Conversely, if the exchange rate decreases, that means one unit of the domestic currency is now worth fewer units of the foreign currency, symbolizing a depreciation of the domestic currency.
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Jack receives a life estate in a property, for the life of Larry. When Larry dies, the property passes to Mary, rather than to the grantor or the grantor's heirs. This is a:
Answer:
JOINT LIFE POLICY
Explanation:
When Larry dies, the property passes to Mary, rather than to the grantor or the grantor's heirs. This is a case of first-to-die joint life policy that pays to the surviving partner upon the death of the first.
It is assumed in the scenario that Mary must have been the wife of Larry, and the First-to-die Joint life policy holds that the estate of the partner that dies first should pass on the surviving partner.
Seller Jim tells his agent Brenda that he does not want his home marketed to families with children. Brenda refuses. Which statement is true?a. Brenda must follow all of Jim's instructions
b. Brenda has violated the fiduciary duty of obedience to Jim.
c. Brenda could be liable for a breach of the listing contract terms.
d. Brenda has not violated any fiduciary duty
Based on Brenda's reaction to Jim's instructions, we can infer that d. Brenda has not violated any fiduciary duty.
The Fair Housing Act of 1968 prohibits one from discriminating against people with children when it comes to renting houses.
If Brenda had listened to Jim's instructions, Brenda would have been in violation of federal laws which would have meant a violation of fiduciary duty.
In conclusion, Brenda did not violate her fiduciary responsibility so option D is correct.
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Final answer:
Brenda could be liable for a breach of the listing contract terms.
Explanation:
The correct statement is c. which states that Brenda could be liable for a breach of the listing contract terms. In a real estate transaction, the agent has a fiduciary duty to act in the best interests of the client and follow their lawful instructions. However, fair housing laws prohibit discrimination based on familial status, which includes families with children. By refusing to market the home to families with children, Brenda would be in violation of fair housing laws and the terms of the listing contract, potentially making her liable for legal action.
A corporation has issued 10% convertible debentures, convertible into 40 shares of common stock. The current market price of the common stock is $25.25. If the bonds are trading at parity, they are priced at: A 100 B 101 C 106 D 107
Answer:
(B) 101
Explanation:
The bonds are convertible into 40 shares of common stock.
The current market value of the common stock is $25.25
The parity price of the bonds will be 40 x $25.25 = $1,010.
The bonds are trading at parity so they are priced at $1,010 = $1,010
Per bond = 101.
Answer:
B. 101
Explanation:
First, we establish that the bonds are convertible into common stock of 40 share.
Secondly, the established current market price of the common stock is $25.25.
Therefore, calculate the Market price of the bonds upon conversion to stock
= 40 shares x $25.25 = $1,010
The bonds are trading at parity, therefore, they will be priced as follows;
Market Price x Conversion Ration (10%)=
$1,010 x 10 % = $1,010 x 0.10
= $101
N.B. Parity Price: this represents the price at which to assets are said to be equal in value. In our question, the parity price is the price at which the Convertible bonds are said to be equal in value to common stock shares and this price is the most beneficial point for such convertible bonds to be converted to common stock
Many individuals (third parties) in a society encounter ___________ externalities from a student’s college education that is strongly subsidized by the taxpayers..
A. positive
B. negative
C. extreme
D. floating
Answer:
The correct answer is the option A: positive.
Explanation:
First of all, the term of externality, in the field of economics, refers to the cost or benefit that a third party receives from the interaction of other two parties that established relations between them. This concept allegates that the interaction between the two main parties creates a consequence that affects the third party, that consequence could be a cost or a benefit and that is, negative or positive.
Secondly, a positive externality is the benefit that a third party receives from the interaction between two main parties.
Finally, in that case where many individuals have a benefit regarding the education strongly subsidized by the taxpayers is a commonly case of positive externality.
When there are no sidewalks outside of a business or residential district pedestrians shall ______.
Answer: Walk facing opposite direction of the traffic coming in from the left hand side of the road.
Explanation:
If a pedestrian is walking on a road with no pedestrian sidewalks, the pedestrian needs to walk facing the incoming vehicles.
The pedestrian should be on the right side of the road, facing the vehicle coming in from the left.
Dynatech issues 1,000 shares of $10 par value common stock at $12 per share. When the transaction is recorded, which accounts are credited? Common Stock $12,000 Common Stock $10,000 and Paid-in Capital in Excess of Par Value $2,000 Common Stock $10,000 and Gain on Stock Sale $2,000 Common Stock $10,000 and Retained Earnings $2,000
Answer:
Common Stock $10,000 and Paid-in Capital in Excess of Par Value $2,000
Explanation:
The journal entry to record the issuance of common stock is presented below:
Cash A/c Dr $12,000 (1,000 shares × $12)
To Common Stock $10,000 ($1,000-× $10)
To Additional Paid-in Capital in excess of par - Common Stock $2,000
(Being the issuance of stock is reported and the remaining balance i.e $2,000 is credited to the additional paid-in capital account)
While issuing the stock, we debited the cash account as there is a cash inflow and credited the common stock and additional paid-in capital account as the share is issued which affect the stockholder equity
A person with anorexia nervosa is likely to Multiple Choice
1. come from a low socioeconomic class.
2. grow up in a perfectionistic home with very high expectations.
3. come from a loose, flexible home.
4. have a mother with a healthy view of the body and food habits.
Answer:
2. grow up in a perfectionistic home with very high expectations.
Explanation:
1- There is no relation with economic conditions
3- There are no relation with how home is flexible
4- If we check where problem comes from and decided that mother can be the reason then even mother has a healthy body we expect person to be normal.
2- Grow up with very perfectionist and expecting lots of issues then anorexia might occur.
Analyst 1 suggested that the demand curve for newspapers in Baltimore might have shifted to the right because people were becoming more literate. Think of two other plausible stories that would result in this demand curve shifting to the right.A. The demand curve for newspapers in Baltimore would shift to the right if income levels in the area are rising, since we expect newspapers to be a normal good.B. Fewer substitutes for newspapers would shift the curve to the rightlong dash perhaps television broadcasting is shifting away from news programs and toward reality shows.C. If the population of Baltimore is shrinking, it would shift the demand curve to the right.D. A and B only.E. A and C only.
Answer:
(D) A and B only
Explanation:
Two other plausible stories that could shift the demand for newspapers to the rights are:
A: If income levels are rising (and given that newspaper is a normal good). Due to this reason, we would expect more people in Baltimore who before now, were not buying newspaper due to their low income, to begin to buy, thus shifting the demand curve to the right.
B: fewer substitute. When the populace have no viable alternative to get news daily, more people are likely to buy newspaper, thus shifting the demand curve to the right.
Option C is incorrect as a shrinking population will translate to reduced demand resulting in a shift of the demand curve to the left.
Final answer:
The demand curve for newspapers in Baltimore shifts right if income levels rise and if there are fewer substitutes for newspapers, but not due to a shrinking population. Therefore, the correct answer is D. A and B only.
Explanation:
Two plausible stories that would result in the demand curve for newspapers in Baltimore shifting to the right are:
Rising income levels: If income levels are increasing, people have more discretionary funds. Since newspapers can be considered a normal good, demand for them tends to increase when income rises. Hence, the demand curve would shift to the right.Fewer substitutes: If there are fewer substitutes for newspapers because other media, such as television, is providing less news content and more entertainment like reality shows, people may turn back to newspapers for their news. This would increase the demand for newspapers and shift the demand curve to the right.On the contrary, a shrinking population would likely lead to a decrease in demand, thus shifting the demand curve to the left, as there would be fewer people to purchase newspapers. Therefore, the correct answer to which scenarios would cause a rightward shift in the demand curve for newspapers in Baltimore is D. A and B only.
Restricting imports of Brazilian shoes will__________.
a. raise the price of both Brazilian and domestically produced shoes
b. raise the price of Brazilian shoes but lower the price of domestically produced shoes
c. lower the price of Brazilian shoes but raise the price of domestically produced shoes
d. lower the price of both Brazilian and domestically produced shoes
e. benefit the producers of shoes in Brazil
Answer:
a. raise the price of both Brazilian and domestically produced shoes
Explanation:
Restricting imports of Brazilian shoes will raise the price of both Brazilian and domestically produced shoes
In this Circular Flow example ... if shifts in Supply and Demand (driven by ""choices"") change the ""Average Price"" to $3.00 then the total dollar value of Goods and Services produced would be ____________ ..
Answer:
$7500
Explanation:
n this Circular Flow example ... if shifts in Supply and Demand (driven by ""choices"") change the ""Average Price"" to $3.00 then the total dollar value of Goods and Services produced would be $7500.
In a financial statement audit performed following AICPA Professional Standards, how frequently must an auditor test operating effectiveness of controls that appear to function as they have in past years and on which the auditor wishes to rely upon in the current year?
A. Monthly.B. Each audit.C. At least every second audit.D. At least every third audit.
Answer: The correct answer is "B. Each audit.".
Explanation: An auditor must prove the operational effectiveness of the controls that appear to function as they have in recent years and which the auditor wishes to rely on in the current year for each audit.
Answer:
gg
Explanation:
Yum! Brands is the result of a spin-off by PepsiCo, where it sold its fast-food chains KFC, Taco Bell, and Pizza Hut. Do you consider this spin-off successful? Why or why not? Explain
Answer:
Yes, the spin off was successful.
With the major segments of fast food being sandwich chains, pizza chains, family restaurants, dinner houses, chicken chains, and more each Yum restaurant needed to be placed into their own niche. They also started using multi-branding and putting the brands in the same building. This allowed one location to draw in a more diverse crowd of consumers while offering them more variety and covering the other brands weak points.
Reason for their success.
PepsiCo, when spinning off these fast food chains, openly stated “restaurants weren't our schtick.” I.e the company presented themselves themselves to media that restaurants isn't focus. Before the spin off KFC, Pizza Hut, and Taco Bell often acted as their own entities and competed with each other resulting in lowered sales for all of the restaurants. With the spin off of Tricon the restaurants were unified with the sharing of many resources and using their collective clout, as one of the top five brands, to get better deals on ingredients all the restaurants share. Their concentrated focus allows them to be greatly effective in entering new markets such as Asia
Which of the following theories proposes that people prefer to feel they have control over their actions, so anything that makes a previously enjoyed task feel more like an obligation than a freely chosen activity will undermine motivation?
A) two-factor theory
B) goal setting theory
C) motivation-hygiene theory
D) self-serving theory
E) self-determination theory
Answer:
E) self-determination theory
Explanation:
Theory of self-determination (SDT) is a broad structure for human motivation and personality research.
It articulates a meta-theory for defining inspirational research, a structured theory defining inherent and diverse motivational sources, as well as a description of both the respective positions of intrinsic and kinds of extrinsic motivation in cognitive and social progress and individual differences.
More specifically, the SDT recommendations often concentrate on how cultural and social influences, in relation to their well-being and the quality of their success, promote or undermine the sense of will and initiative of people.
Assume mark-up percentage equals desired profit divided by total costs. What is the correct calculation to determine the dollar amount of the mark-up per unit?A. Total cost per unit divided by mar-kup percentage per unit.B. Mark-up percentage divided by total cost.C. Total cost per unit times mark-up percentage per unit.D. Mark-up percentage per unit divided by total cost per unit.E. Total cost times mark-up percentage.
Answer:
C. Total cost per unit times mark-up percentage per unit
Explanation:
The mark-up percentage is assumed to be computed by dividing the desired profit by the total cost.
The dollar amount of the mark-up per unit shall be computed by multiplying the total cost per unit with the markup percentage per unit.
The selling price of the product can be computed by adding the mark-up per unit to the cost price of each unit.
The correct calculation to determine the dollar amount of the mark-up per unit is to multiply the total cost per unit by the mark-up percentage per unit.
Explanation:To calculate the dollar amount of the mark-up per unit, you need to multiply the total cost per unit by the mark-up percentage per unit.
The correct calculation is Option C, Total cost per unit times mark-up percentage per unit.
For example, if the total cost per unit is $10 and the mark-up percentage per unit is 20%, the mark-up per unit would be $10 x 0.20 = $2.
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Suppose that the cost of operating a 100-room hotel for a night is $10,000, whether or not there are any guests are the hotel. Suppose that there are 5 empty rooms for tonight. If the marginal cost of operating one room for one night is $30 and the customer is willing to pay $60 for the night, the hotel manager should____________.
A. rent the room because the marginal benefit exceeds the marginal cost.
B. rent the room because the marginal benefit exceeds the average cost.
C. not rent the room because the marginal benefit is less than the marginal cost.
D. not rent the room because the marginal benefit is less than the average cost.
Answer: The correct answer is "A. rent the room because the marginal benefit exceeds the marginal cost.".
Explanation: If the marginal cost of operating one room for one night is $30 and the customer is willing to pay $60 for the night, the hotel manager should rent the room because the marginal benefit exceeds the marginal cost.
The hotel manager should always rent the room while the marginal benefit is greater than or equal to the marginal cost.
Final answer:
The hotel manager should rent the room because the marginal benefit of $60 that the customer is willing to pay exceeds the marginal cost of $30 to operate the room for one night, thereby increasing the hotel's profit.
Explanation:
If the cost of operating a 100-room hotel for a night is $10,000 and there are 5 empty rooms for tonight, with the marginal cost of operating one room for one night being $30, and the customer is willing to pay $60 for the night, then the hotel manager should rent the room because the marginal benefit exceeds the marginal cost.
This decision is based on the marginal decision rule which suggests comparing the marginal cost to the marginal benefit. If the marginal benefit exceeds the marginal cost, the action will add to the firm's profit. In this case, the marginal cost is $30 and the marginal benefit, which is the price the customer is willing to pay, is $60. Therefore, renting the room would add $30 to the hotel's profit per room. This is similar to the way a firm would decide to hire an additional worker if the worker's contribution to revenue (marginal revenue product) is greater than the cost of hiring the worker (marginal factor cost).
A BD is a member of a selling syndicate in a firm commitment underwriting of a "hot" issue. The BD holds back 25% of its allotment for future sale at an expected higher price. This conduct by the BD is:
Answer:
[B]
Explanation:
Based on the information provided within the question it can be said that this conduct by the BD is both unethical and not permitted under NASAA and USA's Uniform Securities Act Regulations. This is because a BD has the responsibility to make a bona fide public offering of the stock as soon as it is available. Holding onto that stock in order to later sell at a higher profit is referred to as "freeriding" and is illegal.
Final answer:
When a BD holds back 25% of its allotment in a firm commitment underwriting of a 'hot issue' for a future sale at a higher price, it is engaging in over-allocation, which can raise ethical and regulatory concerns.
Explanation:
A BD (Broker Dealer) that holds back 25% of its allotment in a firm commitment underwriting of a 'hot issue' for future sale at an expected higher price is engaging in a practice called withholding shares or over-allocation. In a firm commitment underwriting, the underwriters, such as the BD, purchase securities from the issuer with the intention to resell them to the public.
When the issue is 'hot,' meaning it is expected to perform well and be in high demand, the practice of holding back shares might be done in anticipation of profiting from a rise in the market price. However, this conduct may raise ethical and regulatory concerns, as it could be seen as manipulating the market or unfairly withholding shares from the public that otherwise would have had access to invest in the offering from the onset.
The GDP gap is the difference between potential output at ______________ employment and the current or a given output..
Answer: full
Explanation:
GDP gap is the difference between actual output and potential output. It is the difference between the potential output an economy is capable of producing when all factors of production are fully employed and the current output of the economy.
I hope my answer helps you.
If demand shifts to the right when income increases, we can conclude that the good is:_____
Answer:
A normal good
Explanation:
Normal goods are goods that are demanded as income level rises. With a higher income level, a rational consumer is expected to have more purchasing power and demand more of a good that is considered normal (hence the name).
Goods that are demanded less as income rises are termed inferior goods. They are the direct opposite of normal goods.