Answer:
A normal good
Explanation:
Normal goods are goods that are demanded as income level rises. With a higher income level, a rational consumer is expected to have more purchasing power and demand more of a good that is considered normal (hence the name).
Goods that are demanded less as income rises are termed inferior goods. They are the direct opposite of normal goods.
Economists believe that the most important cause of the increase in income inequality is:
Answer:
Rapid technological change
Explanation:
Is important to remember that the technology and the science is the most important things in order to a country can progress.
Rapid technological change include a lot of factors such" special technologies like big data, data structures, Internet, machine learning, statistics, artificial intelligence, robotics, 3D printing, biotechnology, nanotechnology, renewable energy technologies, satellite, drone, manufacturing and production technologies".
And is the most important cause of increase income inequality because if we don't have advanced technology the processes are slow and the production is lower compared with a place with advanced technology and proccesses.
Corporations can be separated into two types. A __________ held corporation does not offer its stock for public sale and usually has few stockholders. A __________ held corporation offers its stock for public sale and can have thousands of stockholders.
Answer:
A privately held corporation does not offer its stock for public sale and usually has few stockholders. A publicly held corporation offers its stock for public sale and can have thousands of stockholders.
Explanation:
Privately held corporations are owned by a few investors. Such a firm has limited ownership and can only sell its shares to private investors and not the public.
Publicly held corporations, can sell shares or stock to the public and can list on the stock exchange. In such a corporation, ownership is not limited to only private investors.
Which of the following HR activities is similar to analyzing a job that does not yet exist?
A. Human resource planning
B. Performance appraisal
C. Job evaluation
D.Work redesign
E. Selection
Answer: Work redesign
Explanation:
Work redesign is the process by which a job analyst accesses an already existing job role to check for modifications that can be carried out on that job role to increase job effectiveness. The job modifications could be in the form of: searching for a best fit for a job role, improvements in working conditions, adjusting the job description.
Therefore work redesign is a way of analysing a job role that doesn't exist at the moment, but if redesigned could be very effective.
You want to make payment at the website of a merchant who uses NFC. Which NFC operating mode should you use?
Answer:
Near field communication card emulation mode
Explanation:
Near field communication (NFC) is a wireless technology that uses radio frequency (RF) signals.
Near field communication devices can operate in three kind of modes:
Near field communication card emulation mode - this mode lets the device act as a smart card. This is useful for making payments at the site of a merchant who uses Near field communication.
Near field communication reader/writer mode - this mode allows the device to read information stored in an Near field communication tag on a label or poster.
Near field communication peer-to-peer mode - this mode allows for ad hoc data transfer between two Near field communication enabled devices.
Many borrowers defaulted on subprime mortgages ultimately disrupting financial markets by August 2007. Which of the following is a likely result of this increase in financial frictions? A. The AD curve likely did not shift B. B. The AD curve likely shifted left which caused an upward movement along the MP curve to a higher general equilibrium interest rate C. The AD curve likely shifted left which caused a positive inflation gap D. The AD curve likely shifted left which caused a negative output gap E. none of the above
Answer:
A. the AD curve likely did not shift B
Explanation:
Defaults on subprime mortgages hurts autonomous consumption levels for borrowers, which causes the IS and AD curves to shift left. These defaults also likely increased financial frictions as lending institutions would charge higher real interest rates to protect themselves from the increased default risk.
In an advertisement, FreshAir, Inc. stated that its air freshener lasted for 3 hours while the competitor's Smell Sweet lasted for only 36 minutes. In fact, Smell Sweet freshens the air for more than 2 hours. FreshAir has not violated the Lanham Act because the First Amendment's guarantee of freedom of speech applies.
A) True
B) False
Answer:
B) False
Explanation:
The Lanham Act of 1946 protects the owner of a trademark against any use that may result in consumer confusion and also regulates unfair competition, especially false advertisement.
In its ad, FreshAir is making false claims about Smell Sweet's air freshener. Therefore, Smell Sweet can sue FreshAir for defamation and false advertising.
Final answer:
FreshAir, Inc.'s misleading claim about its competitor's product's effectiveness can be considered a violation of the Lanham Act, as false advertising is not protected under the First Amendment's guarantee of freedom of speech.
Explanation:
The statement made by FreshAir, Inc. about its competitor's product, Smell Sweet, is false and misleading, which can be grounds for a violation of the Lanham Act. The Lanham Act prohibits false advertising that misrepresents the nature, characteristics, qualities, or geographic origin of goods, services, or commercial activities.
Commercial speech, such as advertising, is protected by the First Amendment, but this protection does not extend to false or misleading statements. The Lanham Act is designed to ensure that consumers are not deceived, which is critical for making informed purchasing decisions.
In the landmark case New York Times Co. v. Sullivan, the Supreme Court provided protection for free speech, especially around political discourse, but reaffirmed that false statements of fact are not entitled to the same level of protection, particularly in commercial advertising where there could be a tangible harm to competitors.
In this scenario, where FreshAir states a competitor's product lasts significantly less than it does, FreshAir can be sued for false advertising under the Lanham Act.
Thus, the claim that FreshAir, Inc. has not violated the Lanham Act because the First Amendment's guarantee of freedom of speech applies is false. The Lanham Act specifically targets and prohibits the kind of false advertising alleged against FreshAir, Inc.
Wiggins Company has 1,000 shares of $10 par preferred stock, which were issued at par. It also has 25,000 shares of common stock outstanding, and its total stockholders' equity equals $500,000. The book value per common share is:
Answer:
Book value par common share will be $19.6
Explanation:
We have given number of preferred stock = 1000
Value of preferred stock = $10 par preferred stock
So preferred Stock = 1000 x $10 = $10000
Total Stockholder's equity = $500000
Thus Common stock value = $500000 - $10000 = $490000
Total number of common stock = 25000 shares
So the book value per common share is = [tex]\frac{490000}{25000}=19.6[/tex]
"Keeping track of securities owners for payment of interest or dividends is usually done by the company's"1. Treasure2. Broker3. Transfer Agent4. Register
Answer:
The correct answer is 3
Explanation:
Transfer agent is the one who plays an important or vital role among the investor and the registrar of the company or business. They are those who closely maintain the account balances of the investor and make sure that the shareholders receive the dividends payment in the timely way.
So, the transfer agents of the company, keep or maintain the track of the securities owners for the payment of dividends or interest.
Neal joins Filestene Inc. as an executive designer. The HR manager informs him that he will have to join the labor union within a period of 30 days from his start date. In the context of the security provisions related to union membership, Neal's HR manager is referring to a(n) _____ arrangement.A. closed shopB. maintenance of membership provisionC. agency shopD. checkoff provisionE.union shop
Answer: (E) Union shop
Explanation:
The union shop arrangement is refers to the process in which we require the number of workers for join and also participate in the specific union and it is also called as the post entry or the closed shop.
The workers or the union representatives also providing the various types of benefits in the specific time period. Depending on the different protection level the trade unions are varying nation to nations.
According to the given question, the Neal's human resource manager is basically referring to the union ship that is related to the union membership.
Therefore, Option (E) is correct answer.
A company has outstanding accounts payable of $30,000 and a short-term construction loan in the amount of $100,000 at year end. The loan was refinanced through issuance of long-term bonds after year end but before issuance of financial statements. How should these liabilities be recorded in the balance sheet?
Answer:
Explanation:
Accounts payable is included in the current liability according to international financial reporting standards (IFRS). Although the construction loan was actually payable at year-end, if the company has both the willingness and ability to refinance with long-term debt, the $100,000 construction loan may be included at year-end in long-term liabilities. Therefore, current liabilities of $30,000 and long-term liabilities of $100,000 should be reported on the balance sheet.
The extracts of the statement of financial positions are given below:
Non-current liabilities:
Refinanced loan $100,000
Current liabilities:
Accounts payable $ 30,000
A sales associate, while working for the broker, acquired a listing for $350,000 at a 6% commission rate. A second sales associate, who works for another brokerage office, found the buyer for the property. The listing and selling brokers agree to a 50-50 split between the two offices. The property sold for the listed price. The selling broker kept 55% of the commission received by the selling office. How much did the selling office sales associate receive?
Answer:
$ 4, 725
Explanation:
Each broker get 50% of (6/100 x$350,000)
i.e. =50% (0.06 x $350,000)
= $ 21,000/2
=$10,500
Broker kept 55% meaning the office got 45 %
= 45/100 x $ 10,500
= $ 4, 725
The selling office sales associate received $2,887.50 from the commission.
Explanation:The selling office sales associate received $3,675. Here's how the calculation is done:
The total commission is calculated as 6% of the listing price: $350,000 x 6% = $21,000.
The commission is split equally between the two brokerage offices, so each office receives $21,000 / 2 = $10,500.
From the selling office's commission ($10,500), the selling broker keeps 55%, which is $10,500 x 55% = $5,775.
The remaining amount is split between the sales associates in the selling office. In this case, it's a 50-50 split, so each sales associate receives $5,775 / 2 = $2,887.50.
Therefore, the selling office sales associate received $2,887.50.
Bill would like to follow recommendations that would reduce his risk of cardiovascular disease (CVD). Based on this information, Bill should
A. become more physically active.
B. gain some body weight.
C. consume more saturated fat.
D. smoke no more than a pack of cigarettes daily
Answer:
Letter A is correct. Become more physically active.
Explanation:
Physical activity benefits human health in many ways: it helps improve fitness, promotes physical and mental well-being, regulates blood pressure, helps control weight and prevents the risk of chronic and cardiovascular disease. .
For people who want to avoid the risk of cardiovascular disease, physical activity is an easy and ideal option as it helps strengthen the heart muscle, lowers bad cholesterol levels, raises good cholesterol levels, and lowers blood pressure. .
Research has shown that physical activity prevents the risk of CVD and improves fitness, endurance and increased cardiorespiratory capacity.
Suppose an economy’s real GDP is $30,000 in year 1 and $31,200 in year 2. Instructions: In part a, enter your answer as a whole number. In part b, round your answer to 2 decimal places. a. What is the growth rate of its real GDP? Assume that population is 100 in year 1 and 102 in year 2. b. What is the growth rate of real GDP per capita?
Answer:
growth rate of real GDP = 4%
Growth rate of real GDP per capita = 1.96 %
Explanation:
given data
economy’s real GDP year 1 = $30,000
economy’s real GDP year 2 = $31,200
to find out
growth rate of its real GDP and growth rate of real GDP per capita
solution
we get here growth rate of real GDP that is express as =
growth rate = (real GDP year 2 - real GDP year 1) ÷ real GDP year1 ......................1
put here value we get
growth rate of real GDP = [tex]\frac{31200-30000}{30000}[/tex]
growth rate of real GDP = 4%
and
now we get first real GDP per capita that is express as
real GDP per capita = [tex]\frac{GDP}{population}[/tex] ..........2
real GDP per capita year 1 = [tex]\frac{30000}{100}[/tex]
real GDP per capita year 1 = 300
and
real GDP per capita year 2 = [tex]\frac{31200}{102}[/tex]
real GDP per capita year 2 = 305.882
so now Growth rate of real GDP per capita will be as
Growth rate of real GDP per capita = ( real GDP per capita year 2 - real GDP per capita year 1 ) ÷ real GDP per capita year 1 ............3
put here value we get
Growth rate of real GDP per capita = [tex]\frac{305.882-300}{300}[/tex]
Growth rate of real GDP per capita = 1.96 %
The growth rate of the economy's real GDP is 4%. The growth rate of real GDP per capita is 2.22%.
Explanation:a. To calculate the growth rate of real GDP, we use the formula: (Year 2 GDP - Year 1 GDP) / Year 1 GDP. Plugging in the values, we get: (31200 - 30000) / 30000 = 0.04. So the growth rate of real GDP is 0.04, or 4%.
b. To calculate the growth rate of real GDP per capita, we use the formula: (Year 2 GDP per capita - Year 1 GDP per capita) / Year 1 GDP per capita. The GDP per capita in Year 1 is $300 (calculated by dividing Year 1 GDP by Year 1 population) and in Year 2 is $306.67 (Year 2 GDP divided by Year 2 population). Plugging in the values, we get: (306.67 - 300) / 300 = 0.0222. So the growth rate of real GDP per capita is 0.0222, or 2.22%.
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Which bond portfolio where all investment is made up front would be LEAST negatively affected by a sharp rise in interest rates?A. LadderB. BulletC. BarbellD. Balloon
Answer:
C. Barbell
Explanation:
The barbell portfolio has only 2 maturities
One is a very short term and a very long termThe bonds with longer term give a higher yield but they have a higher interest rate risk.
But in the very short term bond since the maturity time is less thus the bonds will mature sooner and the proceeds can be reinvested at higher rates.
A rectangular box has a volume of $4320$ cubic inches and a surface area of $1704$ square inches. The sum of the lengths of its $12$ edges is $208$ inches. What would be the volume of the box, in cubic inches, if its length, width and height were each increased by one inch?
Answer:
the volume would be V₂ = 5225 in³
Explanation:
denoting w as width , L as length and h as height , then the volume of the box will be
V = w*h*L
the surface area will be
S= 2*w*h + 2*w*L + 2*h*L→ S/2 = w*h +w*L + h*L
and the sum of the lengths TL will be
TL = 4*h + 4*L + 4*w → TL/4 = w + h + L
if the dimensions would increase 1 unit , the volume would be
V₂ = (w+1)*(h+1)*(L+1) = w*h*L + w*h+ wL +w + hL + h + L +1 = w*h*L + (w*h+ wL+hL) + (w+h+L) + 1 = V + S/2 + TL/4 +1
V₂ = V + S/2 + TL/4 +1 = 4320 in³ + 1704 in²/2 *1 in + 208 in/4 * 1 in² +1* 1 in³ = 5225 in³
V₂ = 5225 in³
Answer:
the volume would be V₂ = 5225 in³
Explanation:
I took the test
During industrialization, smaller businesses struggled to compete with large corporations because small businesses
a. had to pay a larger tax to the government.
b. could not implement the cost-cutting measures used by large corporations.
c. could not compete with the superior quality of goods made by large companies.
d. had difficulty hiring people to work for them.
Answer: Option B
Explanation: In simple words, cost cutting refers to the process in which an organisation modifies or re- implement its production and distribution process with the sole object of reducing the cost of production.
By reducing the cost of production an organisation can charge low prices for the product in the market and attract more customers. Although this process sounds straight but it is not easy for the firms orating at small level.
Large firms can easily cut their cost without affecting quality as they have huge scale of operations and they purchase inputs at a high volume which makes them applicable for particular discounts.
Thus, from the above we can conclude that the correct option is B.
A limit on the amount of a good that can be brought in from another country for sale
Answer:
Quota
Explanation:
A quota is a trade limitation imposed by the state that reduces the number or monetary price of goods which a country may import or export over a given time period.
Countries use international trade quotas to help control trading volumes between them and the other countries.
Countries often place specific products on them in order to decrease imports and increase domestic manufacturing. In principle, by limiting foreign competition, quotas raise domestic production.
The benefits of expanding into international markets include each of the following opportunities EXCEPT:______ a. increasing the size of the firm's potential markets. b. favorable tax concessions and economic incentives by home-country governments. c. economies of scale and learning. d. location advantages.
Answer:
b. favorable tax concessions and economic incentives by home-country governments.
Explanation:
Venturing in international trade offers a business the opportunity to expand its market. The company will be able to distribute and sell its products to new regions and territories. A company will be able to grow its output, which results in economies of scale.
Growth in output requires the company to do large scale production. Production cost unit per unit decreases as a business output increases. After breakeven, every other unit produced contributes to an organization's profitability. International markets create chances of getting better locations for setting up new branches or finding cheap materials.
A Tax incentive is not a reason for engaging in foreign markets. Even if incentives are there, they last for a few years. Home countries will hardly give concessions to businesses engaging in international trade.
The company formerly known as the Columbia Phonography Company was bought by what business owner whose developments in news programming and entertainment helped the company surpass NBC as the highest-rated radio network?
Answer:
William S. Paley
Explanation:
Paley bought Columbia Phonograph Company in 1929, and changed its name to Columbia Broadcasting System (later CBS Inc.). Initially CBS had 25 radio networks in the air and it entered the television network business in 1941. Eventually CBS became one of the largest American broadcast television networks.
When a customer deposits currency in a bank, the Cash Account (an Asset account) increases for the bank, but the Checkable Deposit Account (a ________________ account) of the bank also increases to "balance the books".
Answer: Liability account
Explanation:
This is a case of looking it from bank's point of view or from the books of the bank.
Customer has deposited their money in the bank. For a certain fee. The money is secured by the bank and can be withdrawn by the customer anytime they want to. Hence cash is increased but it is still a liability for the bank since they do not have a claim to that money. It's the customers assets they are securing.
An example of an ineffective price ceiling would be the government setting the price of wheat at ________ per bushel when the market price is at $5.00 per bushel.A) $2.25B) $3.00C) $4.75D) $6.00
Answer:
D) $6.00
Explanation:
Price ceiling is a check on the price of a good or service imposed by the government to protect consumers by making sure that prices do not become excessively high. For the measure to be effective, the price set by the price ceiling must be below the natural equilibrium price.
If the the government setting the price of wheat at $6.00 per bushel which is above the market price of $5.00 per bushel that is an ineffective price ceiling.
An ineffective price ceiling for wheat would occur at $2.25 per bushel when the market price is $5.00, creating a shortage as producers won't supply enough at that low price.
Explanation:An example of an ineffective price ceiling would be the government setting the price of wheat at $2.25 per bushel when the market price is at $5.00 per bushel. An ineffective price ceiling is set below the equilibrium market price, leading to excess demand or shortages as the quantity demanded exceeds the quantity supplied. This scenario would occur at option A) $2.25.
A perfectly competitive firm will not sell below the equilibrium price of $5.00 as they can sell all they want at that higher price. When a price ceiling like $2.25 per bushel is set, it creates a shortage because producers are not willing to sell enough wheat at that low price. This condition leads to inefficient market outcomes where not all consumers can obtain wheat at the ceiling price.
On March 1, 2018, Mandy Services issued a 9% long-term notes payable for $15,000. It is payable over a 3 - year term in $5,000 principal installments on March 1 of each year, beginning March 1, 2019. Each yearly installment will include both principal repayment of $5,000 and interest payment for the preceding one -year period. What is the amount of total cash payment that Mandy will make on March 1, 2019? O
A. $5,675
B. $6,350
C. $15,000
D. $5,000
Answer:
Correct option is (B)
Explanation:
Given:
Principal amount = $15,000
Interest rate = 9% or 0.09
Maturity = 3 years
Every year Mandy Services make payment of $5,000 of principal amount and interest accrued in the previous year. In 2019, Interest accrued for 2018 would be:
Interest = Principal × rate × time
= 15,000 × 0.09 × 1
= $1,350
Total payment made by Mandy in 2019 = 5,000 + 1,350
= $6,350
Lukas believed that his company’s merit pay system would reward him fairly with a higher salary if he worked harder than other employees. His desire to work hard could be explained by the goal-setting theory of motivation.
Answer:
Equity theory
Explanation:
Equity theory as proposed by John Stacey Adam argues that employees becomes dissatisfied, disgruntled and discouraged when they feel their input into a company does not commensurate with their output in form of salaries, benefit, job security, reputation, recognition, and others. The theory argues that the employees will tend to reduce their inputs and may even become disruptive in their input activities. To circumvent this, the theory argues that employers of labour must find equitable balance between the employees input and their output. This, he belief, when perceived by the employees brings contentment to the employees.
On November 1, 2019, Juno, Inc. declared a dividend of $3.00 per share on common stock. Juno, Inc. has 10,000 shares of common stock outstanding and 20,000 shares of preferred stock. The date of record is November 15, and the payment date is November 30, 2019. Regarding the date of record, which of the following statements is true?
Answer:
When a dividend payment is recorded (November 15, 2019), no journal entry should be made.
Explanation:
When a dividend is declared, liability must be recorded for the total amount of the dividends and retained earnings must decrease. The journal entry should be:
November 1, 2019 .- dividend declaration ($3 per common share)
Dr Retained Earnings account 30,000Cr Dividends Payable account 30,000When the dividends are distributed, the journal entry should be as follows:
November 30, 2019 .- dividend distribution
Dr Dividends Payable account 30,000Cr Cash account 30,000If a Canadian NHL team receives its revenues in Canadian dollars, but must pay its players in U.S. dollars, a weakening of the Canadian dollar relative to the U.S. dollar will cause
a.) the team's revenues to decreaseb.) the team's costs to increasec.) the team's revenues to increased.) the team's cost to decrease
Answer:
b.) The team's costs to increase
Explanation:
Nominally, revenues will be the same in Canadian dollars, because the Canandian dollar has become weaker against the U.S. dollar, but that does not necessarily mean that it has lost value in Canada itself.
However, now the NHL team will have to change more Canadian dollars for the same amount of U.S. dollars in order to pay its players, causing the team's wage costs to rise.
An insured has a special form dwelling policy written for $100,000 on a dwelling. The dwelling's replacement cost is $115,000. Fire causes $75,000 in damage to the dwelling, $15,000 damage to a separate garage, and kills 10 trees valued at $600 each. How much will the policy pay for the trees?A. $5,000B. $10,000C. $60,000D. $75,000
Without specific policy details on landscape coverage, it's challenging to determine the exact reimbursement for trees destroyed by fire under a homeowner's insurance policy. General policies often have a capped amount for landscaping, which could influence the payout for the 10 destroyed trees, valued at $600 each.
Explanation:The question asks how much a special form dwelling policy will pay for trees that were killed in a fire, given specific damage amounts to a dwelling and a separate garage. Without specifics in the provided information about policy limits for landscape features such as trees, general home insurance policies often have a capped amount they will pay for damage to trees, shrubs, and other landscaping per event. Typically, this is up to 5% of the dwelling coverage for all trees, shrubs, plants, or lawns, and there is usually a per item limit as well. If we assume a typical policy structure and knowing the trees valued at $600 each, with 10 trees totaling $6,000 in value (assuming none of the other damages affect the landscaping coverage limits), without explicit limits provided, one cannot definitively answer the question. However, it's common for policies to have a limit per tree, sometimes around $500, but this can vary significantly by policy.
21.1 Answering employee questions and supporting, coordinating, and controlling end user computing is the res A. user acceptance and support center. B. customer service center. C. help desk. D. user stories desk.
Answer: help desk
Explanation: A help desk is a tool designed to provide support and advice for the products and services of a business or organization to the client or end-user.
Normally, the object of a help desk is to solve issues or provide advice on items along with computers, electronic equipment, food, clothes, or software.
In-house support desks are also designed to assist workers. These in-house desks records and evaluates the complains and issue of employees and are responsible for providing the relevant information from such employees to the top management.
Alex wrecked his car and received $22,000 from the insurance company to replace it. His basis in the car was $20,000 and he spent $15,000 on a replacement vehicle. What is the amount of the recognized gain?
Answer:
$2,000
Explanation:
The recognized gain is computed below:
Recognized gain = Received amount from the insurance company - Alex basis in car value
= $22,000 - $20,000
= $2,000
The recognized gain shows a difference between the received amount and his basis in car
The other information which is mentioned is ignored as it is not relevant for the computation part
Unlike merchant wholesalers, ___________ never actually own the goods they help to distribute.
Answer: Brokers and agents
Explanation:
Unlike wholesalers, brokers and agents do not take possession of the products they sell.
The function of brokers and agents in sales, is to promote a particular product they want to sell to a consumer, after which if the consumer agrees to buy it, they introduce the consumer to the seller of the product.
On June 19, Don Co., a U.S. company, sold and delivered merchandise on a 30-day account to Cologne GmbH, a German corporation, for 200,000 euros. On July 19, Cologne paid Don in full. Relevant currency exchange rates were:
June 19 July 19
Spot rate $.988 $.995
30-day forward rate .990 1.000
What amount should Don record on June 19 as an account receivable for its sale to Cologne?
a. $197,600
b. $198,000
c. $199,000
d. $200,000
Answer: $197,600
Explanation: Don Co is making a sale to Cologne GmbH and on the date of the transaction there is an exchange rate called the spot rate. Don Co will record in its books the value of the transaction on the set date at the spot rate which is:
200,000 euros @ .988
= $197,600
on the date of the settlement of the debt by Cologne GmbH, the spot rate is also considered which will be 200,000@ .995 = $199,000
Note that on the payment date, the exchange rate has gone up and now Don Co has a higher receivable value that what is in its book.
the difference of $1,400 ($199,000-$197,600) will now be noted in the books of Don Co as an exchange gain on the transaction.