Answer:
B. Concealment
Explanation:
Concealment is the act of hiding information or keeping information that might be regarded as a relevant fact in relation to what is being insured from the insurer.
When an insured hide information that may affect the policy bought from the insurance company.
The concealment can be done intentionally or unintentionally by the insured
MTH Bank has given the McKelvey's a written pledge to lend $250,000 on a new construction home, for 30 years, at 6.53%. The McKelvey's will now present this pledge to the subdivision's sales agent to continue with their new home's construction. Which loan definition applies?
A. Conditional Approval
B. Underwriting
C. Exculpatory Clause
D. Non-Recourse Clause
Answer:Conditional approval
Explanation:This is a loan that has been approved but there are still conditions which are still pending that need to be met such as some outstanding documents or other conditions such as in this case they still need to take this pledge to the subdivision sales agent.
Which of the steps listed below are part of the fulfillment process.a. Purchase order sent to vendorb. Goods receipt postedc. Billingd. STO processinge. Sales order processing
Answer:C. Billing, E. Sales order processing.
Explanation: Fulfilment process are the steps involved in the end stages of a business transaction some of the activities involved in the Fulfilment process include the Billing process and sales order processing.
Billing: This is a business fulfilment process,where the cost and amount to be paid for the product or service rendered,the Bill is usually made available to the buyer.
Sales order processing is sales document which states the order as it was made by the person or organization,it is made available by the business Organisation.
What involves the agreement on the part of multiple corporations to charge a particular price for a good or service?
Answer:
Price fixing
Explanation:
Any understanding between business contenders or between producers, wholesalers, and retailers to raise, fix, or in any case look after costs. Many, however not all, value fixing understandings are illicit under antitrust or rivalry law.
Unlawful activities might be indicted by government criminal or common authorization authorities or by private gatherings who have endured financial harms because of the lead.
I purchase a 10 percent coupon bond. Based on my purchase price, I calculate a yield to maturity of 8 percent. If I hold this bond to maturity, then my return on this asset is:_____.
A) 10 percent.
B) 8 percent.
C) 12 percent.
D) there is not enough information to determine the return.
Answer:
B) 8 percent.
Explanation:
The yield to maturity is the expected rate of return of a bonds if held until maturity.
We are asked precisely for what rate are we receiving if held at maturity so we receive the yield to maturity.
That is a rate at which the discounted coupon payment and maturity payment matches the price we urchase the bonds.
If you hold a bond with a 10 percent coupon rate and a calculated 8 percent yield to maturity until it matures, your return is 8 percent. This includes the coupon payments received and any capital gains or losses realized upon maturity.
Explanation:When calculating the bond yield, it is important to consider the purchase price, coupon rate, and yield to maturity. If you purchased a bond with a 10 percent coupon rate and you've calculated a yield to maturity of 8 percent, the yield to maturity is the return you will earn if you hold the bond until it matures, assuming all payments are made as scheduled and you are able to reinvest each coupon payment at the yield to maturity rate. Option B is correct .
In this case, the return on this asset if held to maturity is indeed 8 percent, as it is specifically stated that the yield to maturity has been calculated based on the purchase price. Yield to maturity includes both the coupon payments you receive and any capital gains or losses (difference between purchase price and face value at maturity). Therefore, if nothing changes and you hold the bond to maturity, your return will equal the yield to maturity you've calculated.
To simplify, if you buy a bond at a discount (less than its face value) and subsequently earn a higher rate (the 10 percent coupon) than the yield to maturity (8 percent) on your purchase price, the total return includes the interest income plus the capital gain achieved when the bond is redeemed at face value.
A regional manager at GNC, a chain of retail stores selling nutritional supplements, is reviewing sales data after a recent in-store promotion. The data show success in some stores and limited response in others. To understand the differences between stores, the manager will probably next review the company's
Answer:
implementation programs, to see if the promotion was handled consistently in the different stores.
Explanation:
The manager should evaluate the processes at the stores to find out if there are specific actions that are being taken by some of the successful stores that the less successful ones are not doing.
Difference in implementation could be the source of the inconsistent performance.
The regional manager will review the company's local product offerings and how inventory and sales have been tracked across different stores to understand performance differences. Analyzing marketing trends and promotional strategies used by each store will also provide valuable insights. Key data points include sales trends, customer feedback, and promotional impact.
A regional manager at GNC, a chain of retail stores selling nutritional supplements, is reviewing sales data after a recent in-store promotion. To understand the differences between the stores' performances, the manager will likely next review the company's local product offerings. By examining how inventory and sales have been tracked across different stores, the manager can better understand which products were more successful in certain locations.
Additionally, it would be helpful for the manager to analyze the marketing trends and promotional strategies used by each store. Factors such as the effectiveness of in-store displays, the engagement of store employees with customers, and regional customer preferences could provide valuable insights. Examples of key data points to look at include sales trends for various products, customer feedback, and the impact of promotional activities.
A ________ demand curve for shampoo would be caused by a change in the price of shampoo.
a) leftward shift of the
b) rightward shift of the
c) movement along
d) the positively sloped
Answer:
c) movement along
Explanation:
A change in price of shampoo would lead only to a movement along the demand curve for shampoos. The movement could either be up or down. If price increases, the movement is up and if prices decreases, the movement is down.
Changes in price affect the quantity demanded. If price is increased, quantity demand falls and if price falls, quantity demanded rises.
Other factors lead to a shift of the demand curve. Some of them include:
1. Change in consumers income
2. Change in taste
3. Change in price of subsituites.
I hope my answer helps you
A change in the price of shampoo causes a movement along the demand curve, which represents a change in the quantity demanded without shifting the demand curve itself.
A movement along the demand curve for shampoo would be caused by a change in the price of shampoo. When the price of a product changes, it does not cause the demand curve to shift; instead, it causes a movement along the existing demand curve. This movement reflects the change in quantity demanded in response to the price change. If the price decreases, the quantity demanded will increase, represented as a downward movement along the curve. Conversely, if the price increases, the quantity demanded will decrease, shown as an upward movement along the curve.
Suppose the nation of Canada forbids international trade. In Canada, you can obtain a hockey stick by trading 5 baseball bats. In other countries, you can obtain a hockey stick by trading 8 baseball bats. These facts indicate that:________
A. If Canada were to allow trade, it would export hockey sticks.
B. Canada has an absolute advantage, relative to other countries, in producing hockey sticks
C. Canada has a comparative advantage, relative to other countries, in producing baseball bats.
D. All of the above are correct.
Answer:
A. If Canada were to allow trade, it would export hockey sticks
Explanation:
A Comparative advantage is said to exist when one nation sacrifices fewer resources than another to produce same quantity of a product. It means the nation with lower opportunity cost (in terms of units of production of other good sacrificed), than others, holds a comparative advantage.
In the given case, Canada sacrifices fewer (i.e 5 bats against 8 bats) units of baseball bats to produce a hockey stick, than other nations.
This means Canada holds a comparative advantage relative to other countries, in production of hockey sticks.
Hence, if Canada were to allow trade, it would export hockey sticks.
Jenna Raiter, the president and CEO of AutoMotion Auto Service Centers, has asked several managers and employees to help establish a statement to outline the fundamental purposes of their company. The result of this effort is likely to be a document known as a(n):A. payoff matrix.B. mission statement.C. tactical plan.D. organization chart
Answer:B. mission statement
Explanation:A mission statement is a statement that is short and outline the purpose of an organization , their overall goals and why they operate , their product and services , and the fundamental values that drives that company and what they vision is for their future. This statement is the clear direction to the employees on what the company aims to accomplish and and it make it clear to the employees what is the purpose of the company.
Economics is
A. the narrow study of how to make money in financial markets
B. the broad study of how to allocate unlimited resources to satisfy limited uses
C. the broad study of how to allocate limited resources to satisfy unlimited wants
D. the narrow study of using stocks and bonds to their maximum potential E. the narrow study of how to be conservative in financial affairs
Answer:
C. the broad study of how to allocate limited resources to satisfy unlimited wants
Explanation:
Lionel Robbins defines economics as the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses."
Economics studies the economy as a whole. This indicates that economics is broad.
The needs of man are unlimited but the resources to satisfy this needs are scarce and limited.
I hope my answer helps you
___ is a portfolio-planning tool for identifying company growth opportunities through market penetration, market development, product development, or diversification.
Answer:
Product market expansion grid
Explanation:
Product market expansion grid -
It is used to plan for the company , when the company is indeed of expanding , is referred to as Product market expansion grid .
The strategy or information required for the company to increase sale of the goods and services or introducing a new product in the upcoming market , uses this plan.
Hence , from the given information of the question,
The correct term is Product market expansion grid .
Aurora received a $25,000 bonus computed as a percentage of profits. In 2016, Aurora’s employer determined that the 2015 profits had been incorrectly computed, and Aurora had to refund the $8,000 in 2016. Assume that Aurora was in the 35% tax bracket in 2015 but in the 15% bracket in 2016.
a. In 2015, how much is Aurora required to include in income?
b. In 2016, what is the amount of the deduction Aurora can claim? What is the reduction in taxes for 2016 as a result of the deduction?
Answer:
A) gross income includes wages, tips, bonuses, overtime pay and reimbursements. So Aurora had to include the $25,000 in her gross income in 2015.
B) Since Aurora had to pay 35% taxes on the complete 25,000, she can claim a deduction equivalent to 35% of $8,000 = $2,800. Therefore, Aurora's taxes will be reduced by $2,800 in 2016.
Individuals pay income taxes depending on their marginal tax rate, that is probably why the $25,000 raised Aurora's tax bracket to 35% from a lower tax bracket. So when she claims a deduction she must calculate it based on her marginal tax rate of the previous year (35%).
Final answer:
In 2015, Aurora is required to include the full bonus of $25,000 as income, and in 2016, she can claim a deduction of $8,000. The reduction in taxes for 2016 as a result of the deduction is $1,200.
Explanation:
To calculate the tax implications for Aurora related to the bonus refund, we must consider the corresponding tax brackets for 2015 and 2016.
2015 Tax Implications
Aurora's income inclusion for 2015 is the full amount of the bonus, which is $25,000. Since she's in the 35% tax bracket for that year, the tax on the bonus would be 35% of $25,000, which equals $8,750.
2016 Tax Implications
In 2016, when Aurora has to refund $8,000 of her bonus, she can claim this as a deduction. Aurora's new tax bracket is 15%. The tax reduction is 15% of the $8,000 deduction, calculating to $1,200.
A farmer grows squash in his 100 by 100 foot garden. He then sells the crop at the local farmers' market. Two summers ago, he was able to produce and sell 1200 pounds of squash. Last summer, he tried a new fertilizer that promised a 50% increase in yield. He harvested 1900 pounds. Did the fertilizer live up to its promise?
Answer:
Yes, the fertilizer lived up to its promise
Explanation:
New fertilizer promised 50% increase in yield
Initial yield = 1200 pounds of squash
Expected yield with new fertilizer = 1200 + (1200×0.5) = 1200 + 600 = 1800 pounds
Actual yield = 1900 pounds
Since the actual yield surpassed the promise yield of the fertilizer, it lived up to its promise
Brendan and sean combined their love of baseball with a business venture. they purchased a small cart and began selling memorabilia outside of their hometown stadium. their first year went well, but the past two years have been quite a struggle. due to poor economic conditions and the team’s horrible record, ticket sales at the stadium are down, which has significantly hurt their sales as well. as a recent business graduate, you explain to brendan and sean thata) this type of business is always high risk because it is seasonal.
b) the business does not fill a sufficient need for most people.
c) environmental circumstances are dynamic and tough to control.
d) social entrepreneurs are currently getting most of the attention.
Answer:
The correct answer is C
Explanation:
Environmental Circumstance is the term which is defined as the any circumstances which is forming the grounds of any alleged violation or liability under the Law or Permit of Environmental.
Under this situation, both of them started a business, which performed well in its 1st year, but in the second year the business does not perform well due to the horrible record of team and poor economic conditions. Therefore, this condition will be explained as the environmental circumstances are tough to control as well as are dynamic in nature.
Ashley Anderson pays her HOA dues of $660 for the calendar year. She then sells her property and closes on June 15. What is the amount of the prepaid portion that is due back to Ashley using the 12 month, 360 day proration?
Answer:
The amount of the prepaid portion that is due back to Ashley using the 12 month, 360 day proration is=$362.34
Explanation:
Step 1: Determine HOA per day
Use the expression below to determine HOA per day;
T=H×N
where;
T=total HOA dues per year
H=HOA per day
N=number of days in a year
In our case;
T=$660
H=unknown
N=360 days
Replacing;
660=H×360
360 H=660
H=660/360
H=$1.83 per day
Step 2: Determine amount of HOA that is due back
Using the same expression;
T=H×N
but;
T=unknown
H=$1.83 per day
N=(June, 15 days)+(July, 30)+(Aug, 31)+(Sep. 30)+(Oct 31)+(Nov 30)+(Dec 31)
N=(15+30+31+30+31+30+31)=198 days
Replacing;
T=(1.83×198)=$362.34
The amount of the prepaid portion that is due back to Ashley using the 12 month, 360 day proration is=$362.34
Tori bought a dress costing $80 from Arlene's Dress Shop in a state where there is a sales tax. The tax base is the price of the dress, and the tax rate is 6 percent. What amount of tax did Tori have to pay on the purchase?
Answer:
$4.8
Explanation:
If Tori bought the dress costing $80 from Arlene's Dress Shop in a state where there is a sales tax, and the The tax base is the price of the dress,
Therefore the amount of tax did Tori have to pay on the purchase if the tax rate is 6 percent; will be:
Tax amount = 6% * $80 = $4.8
Answer:
$4.8
Explanation:
The tax is charged on the object is known as the tax base. In this case, the tax base is the price of the dress, which is $80.
The sales tax rate is 6 percent, so we multiply $80 with six divided by 100 to get the answer.
$4.8 is the sales tax that Tori has to pay for buying the dress.
Sales Tax = [tex]\frac{80 x 6}{100}[/tex] = 4.8$
Good Luck!
ALT Inc. conducts periodic reviews to assess the extent to which law firms support diversity in their activities. It uses this information to decide which law firms would be most suitable to represent it legally. This is an example of effective: A.stereotyping reverse discrimination B.overt discrimination C.environmental justice D.diversity management
Answer:
D. Diversity management
Explanation:
Diversity management refers to a company's will to promote inclusion of various employees of different background into the company's structure. When done effectively, it aids creative thinking process and innovations.
ALT inc. Would want a law firm that supports diversity as much as they do because for the law firm to he included in their structure, it needs to have thesame beliefs about the company's structure in order to have a good working partnership.
Vanity Fair, the makers of Lee jeans, learned from market research that young men perceived the brand as being for women. As a result, they developed an advertising campaign targeted to young men and used Buddy Lee, which is a little doll in dungarees that is portrayed as "cool," to alter this market's perception of this brand. Vanity Fair's deliberate decision to significantly alter the way the market views its brand is an example of ________.A. product positioning
B. product repositioning
C. brand extension
D. brand leveraging
E. brand revival
Answer: answer is D
Explanation:
Answer:
Vanity Fair, the makers of Lee jeans, learned from market research that young men perceived the brand as being for women. As a result, they developed an advertising campaign targeted to young men and used Buddy Lee, which is a little doll in dungarees that is portrayed as "cool," to alter this market's perception of this brand. Vanity Fair's deliberate decision to significantly alter the way the market views its brand is an example of product re-positioning
Explanation:
From the above description that happened to Vanity Fair, there is no business organization that wants to run at loss in every of their dealings which makes them to change the way buyers/customers view their products in the market which is tagged as product re-positioning. This would enable their customers to have another view in such a way that it would aling with theirs and profit would be maximized.
Suppose the price of rice increases and you view rice as an inferior good. The substitution effect results in a ________ change in rice consumption, and the income effect leads to a ________ change in rice consumption.
A. negative, negative
B. negative, positive
C. positive, negative
D. positive, positive
Answer:
B. negative, positive
Explanation:
Substitution effect : Price rise of a good makes it relatively expensive, decreases its demand. Price fall of a good makes it relatively cheap, increases its demand.
So: Substitution Effect is always negative as per above explanation.
Income Effect : Price rise of a good decreases real income/ real purchasing power of consumer & reduces demand of all goods. Price fall increases real purchasing power & increases demand of all goods.
Income effect is positive in case of Normal Goods, normal good demand is positively related to income. The effect is negative in case of inferior goods, inferior good demand is negatively related to income.
Hence: Price rise of rice - Substitution effect results in negative change in rice consumption. {∵substitution effect always negative}
Income Effect leads to positive change in rice consumption {∵price rise reduces real income & income effect is negative for inferior goods}
Answer:
Suppose the price of rice increases and you view rice as an inferior good. The substitution effect results in a ________ change in rice consumption, and the income effect leads to a ________ change in rice consumption.
B. negative, positive
Explanation:
The substitution effect in economics represents the relation between the prince change in a product with the consumption rate. So, in our case, it would result in a negative effect if it is considered as an inferior good. while the income effect is the concept that explains the consumption change thanks to the acquisitive power available for the consumer. Resulting in a positive change in rice consumption due to the lower price of rice.
You have the opportunity to invest in several annuities. Which of the following 10-year annuities has the greatest present value (PV) Assume that all annuities have the same positive interest rate. a.An annuity that pays $500 at the beginning of every six months b.An annuity that pays $1,000 at the end of each year c.An annuity that pays $500 at the end of every six months d.An annuity that pays $1,000 at the beginning of each year
Answer:
a.An annuity that pays $500 at the beginning of every six months
Explanation:
Annuities 1 to 4 gave the following Present values of which the first is the highest. See attached for calculations
PV
6,794.52
6,144.19
6,294.52
6,758.65
Year 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 PV
Annuity 1 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500
DCF @ 10% 1 0.953462589 0.909090909 0.866784172 0.826446281 0.787985611 0.751314801 0.716350555 0.683013455 0.651227778 0.620921323 0.592025252 0.56447393 0.538204775 0.513158118 0.489277068 0.46650738 0.444797335 0.424097618 0.404361213 0.385543289
PV 500 476.7312946 454.5454545 433.392086 413.2231405 393.9928055 375.6574005 358.1752777 341.5067277 325.6138888 310.4606615 296.0126262 282.236965 269.1023875 256.5790591 244.6385341 233.2536901 222.3986673 212.0488092 202.1806067 192.7716447 6,794.52
Annuity 2 1000 1000 1000 1000 1000 1000 1000 1000 1000 1000
DCF 0.909090909 0.8264 0.751 0.683 0.620921323 0.56447393 0.513158118 0.46650738 0.424097618 0.385543289
PV 909.0909091 826.4 751 683 620.9213231 564.4739301 513.1581182 466.5073802 424.0976184 385.5432894 6,144.19
Annuity 3 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500
DCF 0.953462589 0.909090909 0.866784172 0.826446281 0.787985611 0.751314801 0.716350555 0.683013455 0.651227778 0.620921323 0.592025252 0.56447393 0.538204775 0.513158118 0.489277068 0.46650738 0.444797335 0.424097618 0.404361213 0.385543289
PV 476.7312946 454.5454545 433.392086 413.2231405 393.9928055 375.6574005 358.1752777 341.5067277 325.6138888 310.4606615 296.0126262 282.236965 269.1023875 256.5790591 244.6385341 233.2536901 222.3986673 212.0488092 202.1806067 192.7716447 6,294.52
Annuity 4 1000 1000 1000 1000 1000 1000 1000 1000 1000 1000
DCF 1 0.909090909 0.8264 0.751 0.683 0.620921323 0.56447393 0.513158118 0.46650738 0.424097618
PV 1000 909.0909091 826.4 751 683 620.9213231 564.4739301 513.1581182 466.5073802 424.0976184 6,758.65
Kelly is the controller of a small company. One day the CFO comes in and tells her to lower the estimate of uncollectible accounts receivable. Kelly insists her numbers are correct as is. The CFO tells her it will mean her job at the company if she doesn’t go along with the smaller estimate. The primary virtue that would enable Kelly to resist the pressure to manipulate the number is:_______
A. Loyalty
B. Integrity
C. Caring
D. Objectivity
Answer:
B. Integrity
Explanation:
Integrity in business represents the virtue of honesty, consistency and adherence to one's strong principles of value, morality and ethical principles. Integrity is rooted in being truthful consistency and and to stand by the truth irrespective of the cost.
Kelly believes that the numbers of the noncollectable accounts receivables are correct and that is the true state of the values. It is the virtue of integrity that will allow her stand by the true figures and be uncompromising (not changing the figure) even at the expense of her job (irrespective of the cost).
Craig, a sales manager, has been asked to explain the under-performance of his team in the previous financial year. Instead of understanding and working on resolving the team's issues, Craig comes up with a number of defensive statements and denies wrongdoing from his team's part. This is known as _____ the problem.
Answer:
Stonewalling
Explanation:
Stonewalling, as the term conveys, refers to creation of a defense mechanism wherein the leader instead of paying heed to shortcomings and issues of his team's under par performance, acts to the contrary and comes up with all kinds of evasive responses so as to defend his team.
Stonewalling is regarded as a mark of poor leadership since here, the leader is not focused upon identifying weak areas and addressing them. On the contrary such a leader adopts a denial approach wherein he tends to overlook and ignore the problem.
Stonewalling leaders are unable to extract the desired performance and results from their team since such leaders adopt an ignorant approach towards problems.
Final answer:
Craig's behavior of avoiding responsibility for his team's under-performance through defensive statements and denial is known as 'denial' of the problem, a defense mechanism used to cope with cognitive dissonance and avoid unpleasant truths.
Explanation:
Craig, a sales manager, has been asked to explain the under-performance of his team in the previous financial year. Rather than addressing and resolving the issues, Craig provides defensive statements and denies any wrongdoing by his team. This behavior is known as denial of the problem, which is a defense mechanism people use to avoid confronting unpleasant truths or accepting responsibility for their actions.
Denial is not just refusing to acknowledge the truth, but it can also involve lying to oneself. It is often used as a method of coping with cognitive dissonance that arises when actions contradict personal values. However, for denial to work, at least superficially, it requires a degree of plausibility, but even so, some individuals persist in denying the obvious.
Other forms of denial include the denial of responsibility, where someone refuses to take responsibility for their actions and may blame others, and the denial of the victim, which entails justifying one's actions by believing that the victim deserved it or that no real harm was done.
Countries outside the United States use financial accounting standards issued by the a. SEC b. IASB c. GAAP d. LLC
Answer:
Countries outside the United States use financial accounting standards issued by the;
b. IASB
Explanation:
Accounting can be defined as the profession of keeping financial records for future reference and planning. There are various bodies that issue accounting standards that need to be followed as accepted principles and practice, namely;
1. SEC
Also know as Securities and exchange Commission. This is a federal agency of the government that is independent and is charged with the responsibility of protecting investors and the regulation of security markets. It was formed by the Act of 1934 and has jurisdiction in the United States of America.
2. IASB
Also known as the International Accounting Standards Board. This is an independent private body constituted by accounting experts from different states that are vetted through strict regulations who are charged with the responsibility of developing and approving International Financial Reporting Standards. It was formed in 2001 as a replacement to International Accounting Standards Committee. It has jurisdiction internationally, even in countries outside the United States.
One of the reasons Omega Distributors, a local manufacturing company, is considered a good place to work is that the managers encourage and reward their employees for developing new products and ways of improving existing products and services. In this example, Omega Distributors’ managers are carrying out the ________ role.
Answer: Entrepreneur role
Explanation:
The entrepreneur role plays an important role that helps in producing the various factors by creating the profitable business factors and it stimulating the various types of economical activities.
The entrepreneur using the various types of effective skills and bring the new ideas for developing the opportunities and growth.
According to the given question, the Omega distributors is one of the local manufacturing company and the manager is basically carried out the entrepreneur role based on the given above example.
Therefore, Entrepreneur role is the correct answer.
Suppose that the organic-produce industry is composed of a large number of small firms. In recent
years, these firms have suffered economic losses, and many sellers have left the industry. Economic
theory suggests that these conditions will
a) shift the demand curve outward so that price will rise to the level of production cost.
b) cause the remaining firms to collude so that they can produce more efficiently.
c) cause firms in the organic-produce industry to suffer long-run economic losses.
d) cause the market supply to decline and the price of organic produce to rise.
Answer:
The correct answer is option d.
Explanation:
An industry is comprised of a large number of small firms.
Because of losses, many firms have left the industry.
This will cause the industry supply to decline.
The industry supply curve will move to the left.
The new supply curve will intersect the demand curve at a higher point.
This leftward shift in the supply curve will cause the equilibrium price to increase and equilibrium quantity to decline.
Final answer:
Economic theory suggests that as firms leave the organic-produce industry due to economic losses, market supply will decrease leading to a rise in the price of organic produce. This rise continues until firms can break even or earn profits. Despite more farmers switching to organic farming, higher production costs can keep organic food prices relatively high.
Explanation:
When many sellers in the organic-produce industry have suffered economic losses and have left the industry, economic theory suggests that the market supply will decline. This supply reduction happens because the firms that remain in the industry are now fewer in number. With the reduction in supply, and assuming demand remains constant, there will be an upward pressure on the price of organic produce. Therefore, the price of organic produce is likely to rise in response to the decline in supply. Over time, the price would continue to rise until it reaches a point where economic losses are eliminated, and the remaining firms can break even or make normal profits.
In the specific context of organic produce, despite an increase in the number of farmers converting to organic farming which shifts the supply curve to the right, the increased production costs associated with organic farming methods might mean that the industry will not see price reductions to the level of non-organic foods. Thus, the equilibrium price for organic foods may remain high due to higher production costs, even though the quantity of organic food supplied in the market may increase.
True or False: An interest-bearing account is an account that generates interest income on the available balance in the account. → False
Answer:
False
Explanation:
Interest Bearing Account is an account which generates interest income over a specified period of time. Certificate of Deposit is an example for the interest bearing account. So, simply saying that An interest-bearing account is an account that generates interest income on the available balance in the account is wrong.
A. Following are the transactions of a new company called Pose-for-Pics.
1. Madison Harris, the owner, invested $6,500 cash and $33,500 of photography equipment in the company in exchange for common stock.
2. The company paid $2,100 cash for an insurance policy covering the next 24 months.
3. The company purchased office supplies for $880 cash.
4. The company received $3,331 cash in photography fees earned.
5. The company paid $675 cash for August utilities.
B. Prepare an August 31 trial balance for Pose-for-Pics.
1. Debit Credit.
2. Cash.
3. Offices.
4. Prepaid insurance.
5. Photography equipment.
6. Common stock.
7. Photography fees earned.
8. Utilities expense.
Answer:
The August 31 trial balance is a debit and credit amount of $16,986
Explanation:
The journal entries for the following transactions is as follows;
General Journal Debit Credit
1. Cash $6,500
Photography equipment $33,500
Common stock $40,000
2. Prepaid insurance $2,100
Cash $2,100
3. Office supplies $880
Cash $880
4. Cash $3,331
Photography fees $3,331
5. Utilities expense $675
Cash $675
August 31 trial balance $16,986 $16,986
The August 31 trial balance is a debit and credit amount of $16,986
You are thinking of investing in Ski Sports, Inc. You have only the following information on the firm at year-end 2018: net income = $50,000, total debt = $1 million, and debt ratio = 70 percent. What is Ski's ROE for 2018?
Answer:
Roe will be equal to 11.67 %
Explanation:
We have given net income = $50000 = $0.05 million
Total debt = $1 million
Debt ratio = 70% = 0.70
We have to find the ROE
Debt ratio is ratio o debt and assets
So [tex]0.7=\frac{1}{assets}[/tex]
Assets = $1.42 million
Now equity will be equal to assets - debt
So equity = $1.42 - $1 = $0.42 million
Now equity ratio is equal to ratio of net income and equity
So equity ratio [tex]\frac{0.05}{0.42}=0.1167[/tex] = 11.67 %
Final answer:
To calculate Ski Sports, Inc.'s ROE for 2018, you need to calculate total assets from the given debt ratio and total debt, determine shareholders' equity, and then divide net income by shareholders' equity, resulting in an ROE of 11.67%.
Explanation:
To calculate the return on equity (ROE) for Ski Sports, Inc., we first need to define ROE. ROE is a measure of financial performance calculated by dividing net income by shareholders' equity. However, we're only given net income and total debt, along with the debt ratio. The debt ratio is the proportion of total debt to total assets, and since Ski Sports, Inc. has a debt ratio of 70%, we can calculate the total assets and then use that figure to determine the shareholders' equity. Once we have the shareholders' equity, we can calculate ROE.
Here are the steps to calculate Ski Sports, Inc.'s ROE:
Calculate total assets using the debt ratio: Total Assets = Total Debt / Debt Ratio = $1,000,000 / 0.70 = $1,428,571.
Calculate shareholders' equity by subtracting total debt from total assets: Shareholders' Equity = Total Assets - Total Debt = $1,428,571 - $1,000,000 = $428,571.
Calculate ROE using net income and shareholders' equity: ROE = Net Income / Shareholders' Equity = $50,000 / $428,571 = 0.1167 or 11.67%.
Therefore, Ski Sports, Inc.'s ROE for 2018 is 11.67%.
Internal sources of generating product ideas include ________. Select one: a. wholesalers b. existing customers
Final answer:
Internal sources of generating product ideas include wholesalers and existing customers.
Explanation:
Internal sources of generating product ideas include wholesalers and existing customers. Wholesalers can provide valuable insights into market trends and customer preferences based on their interactions with retailers and consumers. Existing customers, on the other hand, can offer feedback and suggestions for product improvements or new product ideas based on their experiences with the company's offerings.
Which of the following statements about incorporation is true? Group of answer choices
1. A corporation has to incorporate in the state in which it is based.
2. A corporation is not subject to the laws of the state in which it is formed.
3. Articles of incorporation may vary slightly from state to state.
4. Corporations are taxed the same regardless of the state in which they are chartered.
5. Corporations must register in each state in which they want to do business.
Answer:
Correct option is (3)
Explanation:
Incorporation refers to the legal procedure of forming a corporation. The corporation has to be registered in one of the states. It is not necessary that the firm registered in a particular state need to have operations in the same state. It can conduct operations elsewhere, but, it is regulated by the laws established by the state of incorporation.
Articles of incorporation is the document which constitutes information regarding name of the company, address and details about board of directors. This is submitted at the time of incorporation. Requirements in articles of incorporation is more or less similar in every state but it can differ.
Tax rate levied on corporations vary from state to state depending on the place where operations are carried out.
Corporations can carry out operations in any state but need to be registered in only one state.
The creation of the new company, firm, NGO, association or management is called incorporation.
Embodiment makes the organisation permanent and also the transferal of the possession of the corporation can be easily done in certain cases.
The correct answer is:
Option 3. Articles of incorporation may vary slightly from state to state.
This can be explained as:
The lawful system of establishing a business is called incorporation.It has to be recorded in one of the states of a country to be legitimate.The certified firm can operate its business even from the other state not filed in the documents but it will be regulated by the laws of the registered state.At the time of consolidation, papers containing name of the firm, address and details on executives are submitted. It is the same in almost every state but can differ.Taxation on the firm varies according to the region of its administration.Therefore, articles of incorporation may vary slightly from state to state.
To learn more about incorporation follow the link:
https://brainly.com/question/17441682
When a factory closes, why is it bad news for the local restaurants? a. Unemployed factory workers have lower incomes and are less likely to dine out. b. Unemployed factory workers are eligible for government unemployment benefits. c. Sales taxes are likely to increase. d. The opportunity cost of dining out has fallen.
Answer:
The correct answer is option a.
Explanation:
When a factory closes, its workers become unemployed. Their income declines or disappears. A decrease in income further causes decrease in demand and consumption.
The factory workers will no longer be able to afford restaurant meals, or their demand for meals will decline.
A decline in the demand for meals will adversely affect the revenue and profits of local restaurants.
So, closing up of a factory is a bad news for local restaurants.