Answer:
$840,000
Explanation:
The international Accounting Standard 2 postulates that cost be adjusted to the lower of Cost and Net Realizable Value. Hence the value of Stock to be shown has to reflect the FULL REDUCTION IN VALUE to reflect the Net Realizable Value.
Furthermore the transaction occurred in June and must be included in June's financial statement. It is not to be apportioned as the drop in value did not have across periods but in one particular period.
Brianna just started a new job that requires her to use texting to communicate with clients and coworkers. To display proper texting etiquette, Brianna should __________. a. interrupt a face-to-face conversation with a coworker to send a quick text to a customer to demonstrate how responsive she is to her clients b. use texts to convey any kind of business news, including sad news and sensitive business matters c. avoid sending texts in public areas such as performance venues, restaurants, and meetings d. send multiple messages to coworkers if she does not receive an immediate response
Answer:
c. avoid sending texts in public areas such as performance venues, restaurants, and meetings
Explanation:
Proper texting etiquette tells us that Brianna should keep her messaging at minimum when she is in public meetings, or when she is having a conversation face to face with someone. It is very rude to constantly interrupt a conversation in order to text.
Jose, a bank officer, takes the time to fully explain to an applicant why he is being turned down for a loan and does his best to answer all the applicant’s questions without being demeaning toward him in any way. Jose is reflecting the ethical concern of _______________ in his behavior.
Answer:
Interactional Justice
Explanation:
Interactional Justice is an organizational behavior that deals with how respectfully and dignified people affected by a decision are treated.
As a management or leadership, interactional justice is important as it shows how well managers/leaders can execute their decisions and use their authority with employees/subordinates while being fair, polite and open to them.
Interactional Justice can simply be said to be the fairness and openness with which decisions are made known to the affected individuals.
Cheers.
Answer:
Interaction Justice
Explanation:
interaction Justice is refereed to as the degree to which the people affected by decision are treated by dignity and respect. It ensures that a high level of respect is shown to employees customers and to ensure the organization is regarded as a fair and safe workplace.
Therefore Jose is reflecting ethical concern of Interaction Justice by treating the applicant with utmost respect and dignity
Marginal analysis involves comparing the additional or extra benefit derived from consuming an additional unit of a product or service to the additional cost of consuming that unit of the product or service.
A. True
B. False
Answer:
A. True
Explanation:
Marginal refers to something extra. Marginal analysis refers to the analysis of comparing additional benefits of an activity with respect to additional costs attributable to that activity.
Marginal analysis takes into account the comparison between marginal utility and marginal costs.
Marginal utility refers to the addition to total utility when an additional unit of a product is consumed. Similarly, Marginal cost refers to the addition to total cost when an additional unit of a product is consumed.
Marginal Analysis serves as a tool for decision making in the sense, such an analysis reveals which activities are worth taking up and which processes need to be discontinued.
Suppose a nation opened its borders to the free flow of workers from other nations. how would this event likely affect the long-run aggregate supply (lras) curve and the production possibilities curve of the nation?
a) the (lras) curve would shift to the right, and the production possibilities curve would not shift.
b) both curves would shift to the right.
c) neither curve would shift.
d) both curves would shift to the left.
e) the (lras) curve would shift to the left, and the production possibilities curve would shift to the right.
Answer:
B) both curves would shift to the right.
Explanation:
The long-run aggregate supply (LRAS) curve will shift to the right because the production costs will decrease, increasing total production output and lowering prices.
The production possibilities frontier (PPF) will also shift to the right because more production output increases total supply, and that increases the production possibilities of the country.
Suppose a firm produces 25 units. Fixed cost is currently $20 per unit and its total variable cost is $625. If the firm decides to increase its production level to 35 units, what would be the total cost?
Answer:
The total cost is $1,325.
Explanation:
A firm produces 25 units of a product.
The average fixed cost or fixed cost per unit is $20 per unit.
The total variable cost is $625.
If the firm decides to produce 35 units, the total cost will be equal tot he sum of total variable cost and total fixed cost.
Total Fixed Cost
= [tex]Fixed\ cost\ per\ unit\times Number\ of\ units[/tex]
= [tex]\$ 20 \times 35[/tex]
= $700
Total variable cost is given as $625.
The total cost is
= $625 + $700
= $1,325
Jennifer is updating the database for her company. She wants to delete customer records that have not made a purchase from more than 5 years ago but when she tries the database tells her that she can't because she must first delete the customer sales transactions records first. What is this referred to? Group of answer choices
Systems integrity
Referential integrity
Database reliability
Safety system constraints
Referential integrity
Explanation:
Referential integrity is when in a particular database an amount of data is given the same referential value as all other amounts of data. The value of all references are pitted to be equal in this mode.
Here even though Jennifer wants to delete the database for inactive clients she first would have to go through the database of the consumer sale records which might have important information,
Thus here it is a systemic flaw.
Jennifer is updating the database for her company. She wants to delete customer records that have not made a purchase from more than 5 years ago but when she tries the database tells her that she can't because she must first delete the customer sales transactions records first. This referred as Referential integrity. Referential integrity is when in a particular database an amount of data is given the same referential value as all other amounts of data.
What is a database?A database is information that is set up for easy access, management and updating. Computer databases typically store aggregations of data records or files that contain information, such as sales transactions, customer data, financials and product information.
Databases are used for storing, maintaining and accessing any sort of data. They collect information on people, places or things. That information is gathered in one place so that it can be observed and analyzed. Databases can be thought of as an organized collection of information.
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Trail Corporation has gross profits on sales of $140,000 and deductible expenses of $180,000. In addition, Trail has a net capital gain of $60,000. Trail's taxable income is Group of answer choices1. $20,000.00 2. $20,000.00 Loss3. $40,000.00 Loss 4. $60,000.00
Answer:
1. $20,000
Explanation:
Given: Gross Profits on sale $140,000
Deductible Expenses $180,000
Net Capital Gain: $60,000
An individual's taxable income is arrived at, by including all incomes and gains and deducting those losses and expenses which are allowed to be claimed or qualify for deduction.
Taxable Income = Gross Profit + Capital Gain - Deductible expenses
Taxable Income = $140,000 + $60,000 - $180,000
Taxable Income = $20,000
The managers of a car dealership have decided to utilize the Hawthorne effect to increase productivity, which means using cameras to film employees at work in order to isolate the parts of a job.
a) true
b) false
Answer:
False
Explanation:
The change in the behaviour of participants when they are aware that they are being observed is called Hawthorne effect. It can be defined as increase in output in response to being watched.
The term emerged with Hawthorne studies that tested the impact of various working condition variables on the productivity of the employees. Although experts do not believe that there was any Hawthorne effect in Hawthorne studies.
Hawthornian studies began around 1924 at the western Electric plant in Illinois, Chicago.
After major hurricanes like Katrina, many ethical home repair and building supply businesses continue to charge pre-hurricane prices to their customers, even though they could charge much more due to the huge increase in demand. These firms probably recognize that:_______.
a) they can make more money from government contracts than from sales to customers.
b) a transactional orientation is the key to long-term profitability.
c) none of their competitors woul be raising prices.
d) lifetime profitability of relationships matters more than profits from a particular transaction.
Answer:
D. lifetime profitability of relationships matters more than profits from a particular transaction
Explanation:
After the hurricane, ethical home repairs will most likely receive a lot more demand than the usual. Meaning that if they decided to increase the price, they will most likely obtained a lot of profit due to the disaster.
But, If they decided to do that, many people will feel that they are taken advantage of and the customers' perception toward the company will be heavily damaged.
In the long run, continue to charge pre-hurricane prices might be more profitable for the company.
In order to meet and exceed customer's expectations, firms must: a. answer the questions: who, what, when, where, how, and why as they apply to customers b. constantly manipulate customers' perceptions of their needs. c. successfully defend their established core competencies from imitation by competitors. d. continuously improve, innovate, and upgrade their core competencies.
Answer:
The correct answer is (D)
Explanation:
Customer satisfaction is the key to improve sales and gain maximum market share. Firms and organisations try different methods to diversify their products and exceed customer’s expectation. It is important that firms improve, innovate, and upgrade their products, operational and delivery system to exceed customer's satisfaction. As long as firms try to innovate the products they stay in the market and compete.
The Struter Partnership has total partners’ equity of $510,000, which is made up of Main, Capital, $400,000, and Frist, Capital, $110,000. The partners share net income and loss in a ratio of 80% to Main and 20% to Frist. On November 1, Adison is admitted to the partnership and given a 15% interest in the equity and a 15% share in any income and loss.Prepare the journal entry to record the admission of Madison under each of the following separate assumptions: Madisoninvests cash of (1) $90,000; (2) $120,000; and (3) $80,000.
Answer:
a)
cash 90,000 debit
Adison 90,000 credit
b)
cash 120,000 debit
Adison 94,500 credit
Main 20,400 credit
First 5,100 credit
c)
cash 80,000 debit
Main 6,800 debit
First 1,700 debit
Adison 88,500 credit
Explanation:
Main 400,000 80%
First 110,000 20%
400,000 + 110,000 + 90,000 = 600,000
600,000 x 15% = 90,000
the amoutn investment matches the proportional amount thus, we don't touch the other accounts
(2)
400,000 + 110,00 + 120,000 = 630,000
630,000 x 15% = 94,500
120,000 - 94,500 = 25,500
as the amount invested is above the proportional amount
we should make a contribution in behalf of the previous ownes
25,500 x 80% main 20,400
25,500 x 20% first 5,100
(3)
400,000 + 110,00 + 80,000 = 590,000
590,000 x 15% = 88,500
80,000 - 88,500 = -8,500
In this case there is a loss and should be distributed among the prevous partners:
8,500 x 80% main = 6,800
8,500 x 20% first = 1,700
Jacqueline was pleased to read a paraphrasing of the Golden Rule, "Do unto our customers as you would have them do unto you," as part of her new employer's mission statement. Next, Jacqueline expects to find in the firm's employee handbook:_____________
Answer:
Explicit rules governing all of the Frim's transaction
Explanation:
Employee hand book is some sort of manual that each employees can use to fulfill their part in the operation.
The handbook will consist of rules that the each employees should value, the type of things that the employees should avoid, and general description regarding on the things each employed have to do every day depending on their position in the company.
The rules that written in the employee's handbook tend to be explicit. It is made that way to minimize the chance of employee's misinterpretation toward the rules.
Which of the following is an example of a routine message? A. Lucas informs Ray that he is being transferred to another division within the company. B. Latisha is requesting a letter of recommendation from Joshua. C. The company is announcing a change in the employer-sponsored tuition reimbursement plan. D. The company is experiencing financial problems and is suspending employer contributions to the retirement plan. E. The company is announcing an impending merger.
Answer:
The company is announcing an impending merger
Blue Apron delivers to your front door all the ingredients and instructions for preparing full meals for two or four people for several occasions weekly. Delivery to your home would constitute which element of the marketing mix for Blue Apron?
place
Answer:
Place
Explanation:
Place is is the part of marketing mix that determines how a product is delivered to the customer.
The strategy adopted by Blue Apron gives convinience to the customer as goods are delivered to their door step. Making Blue Apron have a competitive edge above those that do not perform this personalised service.
Jennie signs a written instrument giving the bank a security interest in her car. This instrument is known as: a. a financing statement. b. collateral. c. a security interest. d. a security agreement.
Answer:C
Explanation:
Security interest
Bianca's discount home furnishings store is in a strip mall. She wants to know what other businesses in the strip mall her customers visit when they come to her store. To collect information for this objective, Bianca will most likely use
d. observation. T/F
Answer:
The answer is true
Explanation:
Through direct observation of people, Bianca will be able to identify actions and watch how subjects respond to various stimuli. This is also one of the most simple ways that Bianca can find out many things about their customers and clients.
Answer:
True
Explanation:
An observation research study focuses on seeing what Bianca's customers do, but without interacting with them.
The researchers should try to find out where do Bianca's customers go after visiting her store, hopefully without being noticed and they should take notes about their behavior. It is very important that the subjects do not know that they are being observed, for two practical reasons: the first one so that their behavior is natural and not biased, and to avoid any potential problems with the subjects (not everyone likes to be observed specially by strangers).
A practical way to carry out this research would be to use the mall's cameras, but that depends entirely on the security policies of the mall. This type of research doesn't require any type of survey or further data collection.
After working for a large firm for several years, tyler started his own landscaping design business. however, he soon ran out of money and was forced to close the business because he couldn't pay the expenses of the firm along with his personal expenses. Based on this information, what is the likely reason for tyler's business failure
Answer:
The answer is stated below:
Explanation:
Under this situation, where the Tyler, who is working in a large firm for several years, he started his own business for the same profile. But in a short period of time, the business ran out of the money and he is in a situation or condition, where he has to close the business as he unable to pay the firm expenses.
Grounded on the information, the reason of his business failure, is lack of financial planning as well as backing, which result in business unable to cover the operating cost of the business. Few years of experience of working led to inadequate knowledge of the operation cost and led to failure of his business.
Which of the Ten Principles of Economics does welfare economics explain more fully?A. The cost of something is what you give up to get it.B. Markets are usually a good way to organize economic activity.C. People respond to incentives.D. Rational people think at the margin.
Answer:
A
Explanation:
Alfred had a typewriter shop, but he went out of business because no one buys typewriters anymore. Which economic principle does this statement BEST represent? People usually respond to incentives, exploiting opportunities to make themselves better off Choices are necessary because resources are scarce One person's spending is another person's income Markets move toward equilibrium.
Answer:
One person's spending is another person's income
Explanation:
The economic principle that this statement best represent is one person's spending is another person's income as this refers to the fact that when someone buys a product or service, the money paid represents earnings for the person that owns the business and the employees. In this case, the typewriter shop went out for business because people is not spending money in typewriters and because of that, Alfred doesn't get any income.
Eleana is recruiting candidates to fill vacancies for machine operators in her organization. After the interviews, she offered positions to four candidates. However, only two of them were finally hired. The __________ in the given scenario is 50 percent.
Answer:
Acceptance rate
Explanation:
Offer acceptance rate is the rate at which offers made to new recruits are accepted. Generally an acceptance rate of more than 90% shows there is a good match between new hire expectations and what the company has to offer.
The factors that could be responsible for low acceptance rate of 50%in Elena's company could be as a result of poor communication during the interview stage, company culture not aligning with new hires, or lack of competitive compensation.
A girl is given $15 by her parents. She has two options of how to spend the money. She can either save the money for future purchases or she can start a lemonade stand on her driveway. If she spends her $15 on the lemonade stand, there is a 50% probability she will lose $10 and a 50% probability she will make $12. Assuming the girl has a square root utility function, what should the girl do with the money?
a. Start her lemonade stand.
b. Save her money.
c. The outcome is the same for both choices.
Answer:
B) Save her money.
Explanation:
The girl's utility of saving her money = √$15 = $3.87
If the girl starts her lemonade business, the expected utility of her investment = (50% x √$5) + (50% x √$27) = (50% x $2.236) + (50% x $5.196) = $1.118 + $2.598 = 3.72
Since the utility of saving her money ($3.87) is > than the utility obtained by the investment ($3.72), the girl should save her money.
Fred Arden is tried in a criminal court and found innocent of the charge of theft. Shawn Finister, the victim of the alleged crime, sues Fred in civil court to recover damages for civil conversion. The tort claim involves the same act for which Fred was found innocent in the criminal court. Which of the statements below is false?
a. Although such suits may be brought, plaintiffs seldom do so because criminal defendants are often judgment proof.
b. The civil court filing must be dismissed because of the constitutional right against double jeopardy.
c. Fred could also be sued if he had been found guilty.
d. The suit may be brought and recovery is possible in part because the burden of proof is less demanding in a civil trial.
Answer:
The civil court filing must be dismissed because of the constitutional right against double jeopardy.
Explanation:
Double jeopardy is the legal concept that protects a person from being tried again for the same or similar charge following his aquittal or conviction.
Fred Arden has been tried in criminal court and found innocent. Shawn is trying to sue him again for the same act in civil court.
This is against the rule of double jeopardy.
Why might businesses, such as the various sports leagues, prefer one national standard? Why might they prefer a variety of regulation based on individual state laws?
Answer:
Sports leagues prefer one national standard as sports is competitive physical activity or games with proper rules and ethical boundaries.
Explanation:
Sports are any physical activity or games that helps to improve various physical skills or coordination through organized participation. Sports involves competition and any competition is bound by set of norms. One national standard means one norms followed by all competitors. Therefore, sports league prefer one national standard.But it may also vary based on different state laws because of different sports environment in different states.Businesses may prefer one national standard in order for cohesion to be among the states.
When there is one national standard, there's cohesion and this will bring about easier running of businesses. Also, when there's one national standard, one will not need to worry about the regulations of other states.Lastly, a variety of regulation that are based on individual state laws might be preferable as businesses can then choose the one that favors them.In conclusion, state regulations are vital in checkmating the activities of businesses.
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ofia files a suit against turista airlines, inc. turista responds that it appears from the pleadings that the parties do not dispute the facts and the only question is how the law applies to those facts. turista supports this response with witnesses’ sworn statements. this is - а counterclaim.- a motion for judgment on the pleadings.- a motion for summary judgment.- a motion to dismiss
Answer:
a motion for summary judgment
Explanation:
An motion for a summary judgement (often referred to as a "MSJ") is an application for the court to decide not because of facts. The side bringing the motion claims that either the case should not be put in front of a jury or a jury can only decide for just the moving faction.
Assume that the three beachfront parcels are sold to the people that you indicated in the previous section. Suppose that a few days after the last of those beachfront parcels is sold, another essentially identical beachfront parcel becomes available for sale at a minimum price of $560,000. This fourth parcel__1__ be sold because __2__ will purchase it from the seller for at least the minimum price.1) A. WillB. Will not2) A. No oneB. Ravi ($690,000)C. Maria ($720,000)D. Simone ($680,000)
Answer:
The correct answer is; This fourth parcel will not be sold because all buyers will purchase it from the seller for at least the minimum price.
Explanation:
All buyers are willing to buy although all are willing to pay more than the minimum price. the seller might need to increase price
Final answer:
The fourth beachfront parcel will be sold to Maria for at least $720,000, since her maximum price exceeds the minimum price of $560,000, making her the most likely buyer.
Explanation:
Based on the principles of supply and demand and market equilibrium, the availability of an additional beachfront parcel at a minimum price will attract a buyer if someone is willing to pay that price or higher. Considering that the figures given for Ravi, Maria, and Simone indicate their maximum willingness to pay for a beachfront property far exceeds the minimum listed price of $560,000 (Ravi at $690,000, Maria at $720,000, and Simone at $680,000), it stands to reason that the beachfront parcel will indeed be sold. Maria, being the highest bidder with a willingness to pay $720,000, would be the one to purchase the parcel, assuming no external changes in their willingness to pay or market conditions.
The answer to fill in the blanks would therefore be:
Will
Maria ($720,000)
Short-term, intermediate-term, and long-term goals are similar in that all represent important financial objectives to be accomplished in the future. They differ in time horizon.
1 A short-term An intermediate-term A long-term goal can be accomplished within a 1-year period.
2. A short-term An intermediate-term A long-term goal may take from 1 year to 10 years to accomplish.
3. A short-term An intermediate-term A long-term goal is one for which it takes more than 10 years to accumulate the money
Answer:
Though its not explicity mentioned in the question, I am assuming you want to know the correct option. The correct option in this case is option 2.
Explanation:
As stated in the question, the difference in classifying goals as either long term, short term or intermediate depends on the time frame involved.
Short term goals can be achieved in a few months generally and are set to define goals with the time horizon of a maximum of 1 year.
A long term goal, as the term suggests, is one that takes a significant amount of time. Generally, long term goals are set using a time frame of 10 years.
Given that long term goals cover a longer time period while a short term goal covers a span of 1 year, individuals many times set intermediate goals to keep them motivated. Intermediate goals therefore generally cover a time frame of 2 to 5 years.
Therefore, in the context of the question, these three types of goals can take from 1 to 10 years to accomplish
Fuzz Inc., a well-known soft drink manufacturing company, introduces a new drink into the market, to make up for the company's past losses and regain its position in the market. However, customers reportedly complain about an odd taste in the drink. To correct this, the company invests more effort in improving the product to suit customer needs. The new drink with an improved taste soon becomes popular in the market, fulfilling Fuzz's goals. This scenario demonstrates the concept of:________
a. organizational efficiency
b. object-oriented analysis.
c. organizational effectiveness.
d. objective budgeting.
Answer: (C) Organizational effectiveness
Explanation:
The organizational effectiveness is refers to the concept that helps in measuring the efficiency if the company and organization so that it achieve their desirable goals.
We generally use the profit factor for measuring the effectiveness of an organization and how efficiently a company producing the various types of products and the services in the market.
According to the given question, the Fuzz Inc. is one of the manufacturing company of the soft drinks and the company makes more efforts for improving the quality of the products according ti the customer requirement.
Therefore, The given scenario basically demonstrating the concept of organizational effectiveness.
Which of the steps listed below are part of the procurement process?a. Create transfer orderb. Create requisitionc. Send paymentd. Process sales ordere. Process STO
Answer:
b. Create requisition
c. Send payment
Explanation:
b. Create requisition
The procerement process will need a requisition to be created. This means, a department complete a form to inform their need to the procurement department
c. Send payment
Once the department negociate with the suppliers and makes an order It will have to honor their part and pay the supplier for the goods received once checked.
Which of the following is the correct computation of comprehensive income?a.Total Stockholders' Equity ± Accumulated Other Comprehensive Income = Comprehensive Income b.Net Income ± Other Comprehensive Income = Comprehensive Incomec.Retained Earnings ± Other Comprehensive Income = Comprehensive Incomed.None of these choices are correct.
Answer:
b.Net Income ± Other Comprehensive Income = Comprehensive Income
Explanation:
The formula to compute the correct computation of comprehensive income is shown below:
Comprehensive income = Net income ± other comprehensive income i.e unrealized income it can be gain or loss
where,
Net income is come by deducting the all expenses from all revenues earned during the year
It is a mix of net income and the other comprehensive income
On January 1, 2018, the Brunswick Hat Company adopted the dollar-value LIFO retail method. The following data are available for 2018:
Cost Retail
Beginning inventory $73,150 $133,000
Net purchases 113,400 257,000
Net markups 8,000
Net markdowns 13,000
Net sales 224,000
Retail price index, 12/31/18 1.12
Calculate the estimated ending inventory and cost of goods sold for 2018.
1.Ending inventory at retail-
2.Ending inventory at cost-
3.Cost of goods sold-
Answer:
1) Ending inventory at retail = $161,000
2) Ending inventory at cost = $85,750
3) Cost of goods sold = $100,800
Explanation:
Estimated ending inventory at retail is:
Beginning inventory $73,150 $133,000
Plus: Net Purchases $113,400 $257,000
Net markups 8,000
Less: Net markdowns (13,000 )
Goods available for sale (excluding beginning inv.) $113,400 $252,000
Goods available for sale (including beginning inv.) $186,550 $385,000
Less: Net sales ($224,000)
Estimated ending inventory at retail = $385,000 - $224,000 = $161,000
Estimated ending inventory at cost:
cost to retail percentage (2018) $113,400 / $252,000 = 45%
cost to retail percentage (base) $73,150 / $133,000 = 55%
ending inventory at cost = [45% x ($161,000 - $133,000)] + (55% x $133,000) = $12,600 + $73,150 = $85,750
Cost of goods sold (COGS) = $224,000 x 45% = $100,800