Answer:
Through straight line method
In year 2020 =3100
In year 2021 = 3100
Through double declining method
In year 2020=6600
In year 2021= 5280
Through activity based
in year 2020=4544
in year 2021=3366
Explanation:
Through straight line method
Formula is (Cost-salvage)/Useful years
So,
Cost of good is $33000
Salvage amount is $2000
Number of useful years 10
Putting the values
(33000-2000)/10
3100
As, this is straight line method, depreciation for the next year (2021) would also remain same. 3100
Through double declining method
Formula is 2* depreciation rate
so, 2* 1/10
double declining rate is 1/5
So, 33000*1/5= 6600
6600 for 2020
Next year (2021),
Now we would subtract the amount of 6600 (already depreciated) from the 33000.
So, 33000-6600= 26400
Applying the rate, 26400*1/5 = 5280
So, next year 5280
Through activity based
we depreciate the truck according to its usage
So, in first year it was used 13800 miles. Maximum it can be used for 100,000 miles
First year 13800/100000= 13.8% used
we depreciate then 33000*13.8%= 4554
So, in 2020 4554
Next year (2021)
It was driven 10200 which is 10200/100000= 10.2%*33000
So, 0.102*33000= 3366
In 2021, depreciation of machine according to the activity based system was 3366
The Do It Yourself Hardware Store is a monopolistically competitive firm. Its marginal revenue curve
A. lies below its demand curve intersecting the quantity axis at the same point at which the demand curve intersects it.
B. is below its demand curve if demand is elastic and above the demand curve if demand is inelastic.
C. is identical to its demand curve.
D. lies below its demand curve intersecting the quantity axis midway between the origin and the point at which the demand curve intersects it.
Answer: The marginal curve lies below its demand curve intersecting the quantity axis midway between the origin and the point at which the demand curve intersects it.
Explanation:The marginal curve is negatively sloped because a monopolistic competitive firm is a price taker. Firms in a monopolistic competitive market are similar and are only differentiated by the physical appearance of the product and marketing strategy of the firm, this mean the competition is stiff and in order to sell an extra unit of a product the firm must reduce its selling price just a little below the prevailing market price or price of competitors. Hence, Marginal revenue is lower than Average revenue
As many organizations have cut costs and streamlined their organizational design to respond better to customer needs, they have pushed decision-making authority to ________.
Answer:
the lowest levels in the organization.
Explanation:
Organizations have flattened, that means that they have reduced the number of levels and instead of operating like a tall pyramid, they are operating like very flat pyramids with a lot more subordinates per supervisor and/or manager. As a result of this, employees at the operating levels are now able to make certain decisions regarding customers' needs that before needed to be approved by a manager or supervisor.
For example, under certain conditions, retail clerks can offer discounts to customers without asking permission from their supervisor.
A company had the following amounts at the end of the year: Cash $ 11,200 Supplies Expense 1,500 Dividends 2,600 Service Revenue 23,500 Prepaid Rent 4,300 Salaries Expense 8,200 Accounts Payable 12,700 Land 36,900What amount would the company report for net income?a. $11,200. b. $6,900. c. $13,800
Answer:
$13,800
Explanation:
The computation of the net income is shown below:
= Service Revenue - Supplies Expense - Salaries Expense
= $23,500 - $1,500 - $8,200
= $13,800
We simply deduct the expenses from the revenues so that the net income could come
And, the other items which are mentioned have come under the balance sheet. Hence, ignored it
Other things remaining the same, if a large part of the population decided against having soda for health reasons, this would result in:
a.an increase in the quantity of soda supplied.
b.an increase in the quantity supplied of complements like fries and burgers.
c.a decrease in the price of soda.
d.a rightward shift of the demand curve for soda.
e.a decrease in the quantity demanded of substitutes like mineral water
Answer:
The correct answer is option c.
Explanation:
If a large part of the population realizes that soda is bad for health, they will stop consuming soda. This will cause the demand for soda to decline.
A decrease in demand will cause the demand curve to shift to the left, this leftward shift in the demand curve will cause the price of soda to decline.
This has been shown in the graph given below.
In marketing and consumer research, the conative component of the tricomponent attitude model is frequently treated as an expression of the consumer's ________.
A) attitudeB) level of familiarityC) intention to buyD) attitude toward the objectE) ego-defensive function
Answer:
C. Intention to buy
Explanation:
Attitude simply represents behaviour which is learned that makes an individual respond either in a favourable or unfavourable way to a particular object. It could be a good, service, product among others. Attitude is important in determining consumer behaviour and it greatly affects marketing
The Tricomponent Attitude Model is one of four categories of attitude models usually considered in marketing. The model consists of 3 parts or components as follows
a. The cognitive component- deals with the perceptions and knowledge of consumers about services, products or brands
b. Affective component- this general measures or assesses the disposition of a consumer to a product and it measures as favourable or unfavourable
c. Conative component- This component of the tricomponent attitude mode is basically concerned with the consumer's intention to buy a particular product, patronise a brand or request a service.
Answer:
C) intention to buy
Explanation:
Conative component is a component of the tricomponent attitude model, it is concerned with the tendency that a person will act in a particular way with regard to the attitude object.
Intention to buy in marketing can be used to access the possibility of a consumer to purchase a product or behave in a particular way.
In pre-colonial Central America, the cocoa seed served as a medium of exchange. The use of cocoa seed for transactions was possible because it was:
Answer:
It was accepted as a method of payment among the natives.
Explanation:
The main reason why an item is taken as currency is that all parties involved accepted as a medium of exchange.
Also it retain his value over time. As the seed is not alter as time pass
For saving reasonings it may be more harder as the seed eventually losses their properties but in these economies the savings weren't as much. People would plant most of the seed and use the remmanent for trade.
"A(n) ________ is a name, term, sign, symbol, design, or a combination of these, that identifies that maker or seller of a product or service."
Answer:
Brand
Explanation:
Brand is the marketing strategy that makes the distinct product of the company from the other company dealing in the same type of products.
It could be name, term, sign, symbol, design, etc so that an individual can make a difference and interpret that this product is of which company.
Most people are brandholic they purchase the product from their particular brands.
The motive of the brand is to know the company products either by worth of mouth or by their distinctive features.
In the context of segmentation of customers in database marketing,__________is a variable thatincludes gender, age, income, and marital status.
(A) strategical information
(B) geographical information
(C) psychographic information(
D) demographic information
Answer:
D) demographic information
Explanation:
Geographical information is a variable that includes where customers live.
Psychographic information is a variable that includes the consumers' beliefs, values and motivations.
I hope my answer helps you
The economic interdependence among countries as reflected in the free movement of goods, services, financial capital and knowledge across geographic borders is characteristic of __________? a. a domestic economy b. an integrated cost-leadership and differentiation strategy c. a sustainable competitive advantage d. globalization
Answer:
d. globalization
Explanation:
Globalization is the process of increased interaction, interdependence, integration among people worldwide.
Today's global economy and communications link all contemporary people, directly or indirectly, in the modern world system. People must now cope with forces generated by progressively larger systems—the region, the nation, and the world. For anthropologists studying contemporary forms of adaptation, why might this be a challenge?a. Anthropological research tools do not work in this new modern world system, making their contributions less valuable.b. According to Marcus and Fischer (1986), "The cultures of world peoples need to be constantly rediscovered as these people reinvent them in changing historical circumstances."c. A more dynamic world system, with greater and faster movements of people across space, speeds up the process of evolution, making the study of genetic adaptations more difficult.d. Truly isolated indigenous communities, anthropology's traditional and ongoing study focus, are becoming harder to find.e. Since cultures are tied to place, people moving around and connecting across space means the end of culture, and thus the end of anthropology.
Answer:
b. According to Marcus and Fischer (1986), "The cultures of world peoples need to be constantly rediscovered as these people reinvent them in changing historical circumstances.
Explanation:
Anthropology represents the scientific study both of the past and present of societies and human behavior specifically to understand and identify patterns.
Since, the global economy and communication links continues to link all contemporary people, they continue to change as they are constantly influenced by what they are exposed to daily. Unlike previous times when a person's patterns and evolution were typically decided by his immediate environment, now globalization brings human influences from across the globe.
The anthropologist in his study therefore, must understand the complexities of diverse cultures and systems and how they come to play in constantly shifting the cultures of the people and constantly creating new behavioural patterns. This becomes an on-going discussion.
Managers in a home improvement company have been having problems with employees starting cliques. To develop more of a team culture, the CEO suggested utilizing Mary Parker Follett’s belief: companies should________________.
Answer:
Operate as a community, with employees working in harmony.
Explanation:
Community engagement is the ability to generate positive, noticeable change for both the societies you function in and your corporation. Sources of community participation include in-kind and charitable contributions, service days for staff, ongoing collaborations with non-profits and more.A nice and peaceful work environment is one where all employees are treated with respect and dignity, and thus no worker is harassed by conduct connected to religious preferences.Identify nancial statement by type of information) Assume Malcolm Tech, Inc., is expanding into China. The company must decide where to locate and how to nance the expansion. Identify the nancial statement where these decision makers can nd the following information about Malcolm Tech, Inc. In some cases, more than one statement will report the needed data.
a. Revenue
b. Dividends
c. Ending cash balance
d. Total assets
e. Selling, general, and administrative expense
f. Adjustments to reconcile net income to net cash provided by operations
g. Cash spent to acquire the building
h. Current liabilities
i. Income tax expense
j. Net income
k. Common stock
l. Ending balance of retained earnings
m. Income tax payable
n. Long-term debt
Answer:
Income and all the costs and adjustments to these figure will go to Income Statement
These include Revenue, Selling, general, and administrative expenses, Adjustments to reconcile net income to net cash provided by operations and Income tax expense. Net income will be calculated by simply deducting costs from the sales amount.
The above mentioned will go to Income statement.
The remainder are part of balance sheet and in the balance sheet we record Assets, Liabilities and Equity transactions.
Following are Assets:
Ending cash balance, Total assets and Cash spent to acquire the building,.
Following are the Liabilities:
Current liabilities, Income tax payable and Long-term debt.
Following are the Equity items
Common stock and Ending balance of retained earnings.
These mentioned above relates to Balance sheet and will be reported there.
If a 20 percent increase in the price of Red Bull energy drinks results in a decrease in the quantity demanded of 25 percent, demand for Red Bull is _______ in this range.a. inelasticb. elasticc. verticald. unit elastic
Answer:
Elastic
Explanation:
Elasticity = 25% / 20% = 1.25
The demand is elastic .
Demand is elastic if the coefficient of elasticity is greater than 1.
If demand is elastic, it means a change in price leads to a greater change in the quantity demanded.
I hope my answer helps you
Given the law of demand, you would expect the rise in the price of gasoline to ______ the quantity of gasoline demanded and ______ the demand for gasoline.A. decrease; decreaseB. not change; decreaseC. decrease; not changeD. increase; decrease
Answer:
C. decrease; not change
Explanation:
According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.
The rise in price of gasoline only affects the quantity demanded. Other factors affect the demand for gasoline.
I hope my answer helps you
Wanderberg Machines went on a whirlwind tour that consisted of meetings in 12 key cities where the firm presented its business plan to groups of investors. This tour was a ______.
Answer:
Road show
Explanation:
In business, a roadshow usually refers to carrying on a series of presentations (shows) on different locations (the road part) where potential investors are invited. Usually roadshows take place before an initial public offering (IPO) or prior to a large issue of stocks. This events bring together potential investors and executive management.
A(n) _____ is a business that is based primarily in a single country but acquires some meaningful share of its resources or revenues (or both) from other countries.
Answer: International business
Explanation:
The international business is the term that is refers to the trade of the various types of products, technology and the services at international level.
The internal business encompasses all the activities as it is promoting the various types of ideas about the resources, products, revenue and the technologies across the international boundaries.
According to the given question, the international business is basically acquired the various types of resources from the other countries easily and more efficiently.
Therefore, International business is the correct answer.
Manistee Corporation reported taxable income of $1,200,000 this year and paid federal income taxes of $408,000. Not included in the computation was disallowed entertainment expenses of $25,000, tax-exempt interest of $20,000, and a net capital loss of $50,000 incurred this year. Manistee is an accrual basis taxpayer. The corporation’s current earnings and profits this year would be:
A. $1,200,000
B. $1,145,000
C. $787,000
D. $737,000
Answer:
corporation current earning and profits = $737000
Explanation:
given data
taxable income = $1,200,000
paid federal income taxes = $408,000
entertainment expenses = $25,000
tax-exempt interest = $20,000
net capital loss = $50,000
solution
we get here corporation current earning and profits that will be as
corporation current earnings and profits = taxable income - paid federal income taxes - entertainment expenses + tax-exempt interest - net capital loss ................1
put here value we get
corporation current earning and profits = $1,200,000 - $408,000 -$25,000
+ $20,000 - $50,000
corporation current earning and profits = $737000
Wims, Inc., has current assets of $3,900, net fixed assets of $26,500, current liabilities of $3,400, and long-term debt of $7,500. a. What is the value of the shareholders' equity account for this firm?
Answer:
equity = $19500
Explanation:
Given data:
current assets $3900
net fixed assets $26,500
current liabilities $3400
debt = $7500
Total liabilities = current liabilities + long term debt
= 3400 + 7500 = $ 10,900
Total assets = current assets + net fixed assets
= 3900 + 26,500 = $30,400
We know
total assets = total liabilities + equity
30400 = 10900+ equity
equity = $19500
Sheila has recently been promoted to a senior position in the HR department of a multinational company. According to her new job description, she will be responsible for building networks across countries to provide local support for the company's operations in various countries. Which of the following HR competency groups is most likely to enable Sheila to fulfill her job responsibilities effectively?
a. Critical evaluation and consultation
b. Global and cultural effectiveness and relationship management
c. Leadership and navigation and relationship management
d. Human resource expertise and consultation
Answer:
b. Global and cultural effectiveness and relationship management
Explanation:
The HR competency group that is most likely to enable Sheila to fulfill her job responsibilities effectively is Global and cultural effectiveness and relationship management because she will be responsible for building networks across countries to provide local support for the company's operations and she will need to be aware of cultural differences and how to handle them and be able to adapt to every environment that she might find in each country. Also, she will need to have the tools to manage in a professional and adequate form the relationships with all the employees.
First Principles — End of Chapter Problem Describe some of the opportunity costs when you decide to do the following.
a. Attend college instead of taking a job Being able to find a better, more highly paid job after graduation
b. Developing a deeper understanding of concepts that will benefit you when you do eventually take a job
c. The income you would have earned on the job and the valuable on-the-job experience you would have acquired Foregoing the joy of learning
Answer:
First of all, opportunity costs are the costs of choosing one alternative activity or investment over another.
A) When you decide to attend college, you are going to pay a lot money instead of working and being able to earn money right away. The opportunity costs of going to college are the lost wages and experience that you could have acquired at a job. Most people who attend college are willing to sacrifice lost wages (at least 4 years of lost wages) and working experience in order to have the possibility of obtaining a better paying job once they graduate.
Questions B and C are directly related to question A, there are no alternative actions presented.
Keithomp, a company that manufactures and exports candies, sells different flavors of candy depending on the taste preferences of the country that it supplies to. Each country has a dedicated manufacturing facility that functions as a separate department. In this scenario, which of the following organizational structures does Keithomp most likely follow?
A) Functional departmentalization
B) Geographic departmentalization
C) Customer departmentalization
D) Product departmentalization
Answer:
B) Geographic departmentalization
Explanation:
Geographic departmentalization is when departments are created based on different countries, states or regions the company serves.
Functional departmentalization is when departments are created based on functions e.g. accounting department, hr department
Customer departmentalization is when departments are created based on different groups of customers the company serves.
Product departmentalization exists in a company that produces multiple products. Each department is created based on each product.
I hope my answer helps you
According to marginal analysis, you should spend more time studying economics if the extra benefit from an additional hour of study
a. is positive
b. outweighs the extra cost
c. exceeds the benefits of the previous hour of study
d. will raise your exam score
Answer:
(b). outweighs the extra cost
Explanation:
As per the principles of marginal analysis, the extra benefit of performing a task must outdo the extra cost associated with the same.
Marginal refers to something extra which is earned or incurred when an additional unit of output is produced/sold.
So as per marginal principle, an activity should only be taken up if extra benefit derived from it exceeds the extra cost that would be incurred.
Hence, the correct option is (b). outweighs the extra cost.
Bramble owes $2.9 million that is due on February 28. The company borrows $2,340,000 on February 25 (5-year note) and uses the proceeds to pay down the $2.9 million note and uses other cash to pay the balance. How much of the $2.9 million note is classified as long-term in the December 31 financial statements?
Answer:
It is $2,340,000
Explanation:
Since the old debt of $2.9 million has been discharged using new debt issued of $2,340,000 and some cash, the value of the new debt issued will be recognized as a new liability.
However, the balance that will be recognized as long-term will be the liability that is payable after one year while the element that is payable within a year will be recognized under current liability in the financial statement at the end of the year.
A gift that might otherwise be viewed as a future interest in a trust can be treated as a present interest gift if:
Complete Question. A gift that might otherwise be viewed as a future interest in a trust can be treated as a present interest gift if:
The beneficiary has the right to contribute to the trust.The beneficiary has the right to withdraw a contribution (gift) to the trust. The beneficiary has the right to make income distributions to the trust.The beneficiary has the right to make corpus contributions to the trust.Answer:
2. The beneficiary has the right to withdraw a contribution (gift) to the trust.
Explanation:
The Crummey power, to convert future interest gift to a present interest gift beneficiaries are allowed to withdraw contributions to a trust within a specific period of time usually 30 to 60 days.
The total withdrawal amount should be equal to the annual gift tax exclusion in a specific time period otherwise the asset will belong to the trust.
Individual Retirement Accounts (LO 5.3) Mary has a Roth IRA held more than 5 years to which she has contributed $30,000. The IRA has a current value of $62,000. Mary is 55 years old and she takes a distribution of $38,000. How much of the distribution will be taxable to Mary?
Answer:
$8,000
Explanation:
Since Mary is not 59 1/2 years old yet, the distributions she gets from her Roth IRA will be taxed (she only met the 5 year rule). She will have to pay a 10% penalty and income taxes on the earnings that she withdraws.
Mary will have to pay only for the earnings that she withdraws, and luckily for her the contributions are withdrawn first. Mary's earnings = $38,000 - contributions = $38,000 - $30,000 = $8,000
Final answer:
Mary will owe no tax on the $38,000 distribution from her Roth IRA because she is over 55, has held the account for more than 5 years, and Roth IRA distributions are tax-free under these conditions.
Explanation:
Concerning the question about how much of Mary's Roth IRA distribution will be taxable, we need to consider the characteristics of a Roth IRA. Since Mary has held the Roth IRA for more than 5 years and is older than 59 and a half, her distributions are generally tax-free, comprising both her contributions and any earnings on the investments.
As she contributed $30,000 and is withdrawing $38,000, it implies that she is taking out her contributions ($30,000) and a portion of the earnings ($8,000). However, because Roth IRA distributions are tax-free for individuals over 59 and a half and the account has been open for more than 5 years, Mary will owe no tax on the $38,000 distribution.
Max Weber believed that a company that is a bureaucracy never achieves a competitive advantage because it is inefficient and is plagued with management problems.True or False
Answer:
False
Explanation:
Max Weber's theory on bureaucracy was in favor of efficiency and rationality in the way of operations either of a governing system or a business organisation.
Bureaucracy is the structure of administration governing any particular large organisation either a public/government organisation (ministry) or a private organisation (companies and firms). Bureaucracy as far as a company is concerned is the hierarchy structure that oversees the affairs of the business.
Hence, Max Weber speaks in favour of the fact that bureaucracy brings efficiency and rationality in how organisational activities are conducted and that the introduction of hierarchical structures reinforces this rationality as well as the maximization of efficiency as well as order in an organisation.
T/F A market-oriented organization focuses on making products identical to its competitors' offerings
Answer: False.
Explanation:
A market oriented business doesn't focus mainly on making products offered by their market competitors. A market oriented business is a form of business that identifies customers needs and creates products that meets those needs.
In estimating projected rate of return, an individual who is thinking about leaving a $150,000-per-year job to start a new firm requires a higher rate of return than the person thinking of leaving a $______-per-year job.
Answer:
$149,999 or any other amount below $150,000
Explanation:
The opportunity cost for an individual that earns $150,000 and wants to quit his/her job is $150,000, so any other individual earning $149,999 or below will have a lower opportunity cost. The opportunity cost adds to the economic costs of a project, so a high opportunity cost reduces the expected return.
*Opportunity cost is defined as the cost of choosing one alternative investment or activity over another.
Chemical labels must contain a product identifier, signal word and a pictogram to represent the hazards. What other information is required on a chemical label?
Select all that apply.
Precautionary Statements
Hazard Statements
Contact Information
Danger
Answer:
The other information required on a chemical label are;
Precautionary Statements
Hazard Statements
Contact Information
Explanation:
Precautionary statement describes recommended measures that should be taken to minimize or prevent adverse effect resulting from exposure to the hazardous chemical
Hazard statement describes the nature of the hazard of the chemical.
Contact information; the name, Address and telephone number of the chemical manufacturer, importer or other responsible party.
A chemical label must carry a product identifier, signal word, and a pictogram. It should also have Hazard Statements, Precautionary Statements, and the supplier's Contact Information. 'Danger' is a signal word, not a separate category. Option 4 is correct.
Explanation:According to the Globally Harmonized System of Classification and Labelling of Chemicals (GHS), a chemical label must contain requisite information to inform users about potential hazards. The label certainly must boast a product identifier, signal word, and a pictogram as mentioned.
Additionally, the label should include Hazard Statements that describe the nature and degree of hazard, Precautionary Statements which provide advice on how to handle, store and dispose of the chemical safely, and Contact Information of the supplier or manufacturer. Please note,(Option 4) 'Danger' serves as a signal word, warning of extreme hazard, and does not exist as a separate category.
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Property rights are legally established titles to the ownership, use and disposal of _____ and goods and services that are enforceable in the courts. A. environmental factors B. factors of production C. land D. capital
Answer: (B) Factor of production
Explanation:
The factor of production is the term which refers to the various types of resources, labor, capital and the land are the factors of the production. The production of the goods and the services are basically use for producing the economical profits.
The factor of production are majorly used for producing and also creating the various types of products in the market for the purpose of building the economy.
According to the given question, the property rights establishing the title of the given ownership of the products and the factor of production which us enforceable in courts.
Therefore, Option (B) is correct answer.