Final answer:
In financial statement preparation, accountants do not consider the presentation of the value of a company, which is more relevant to analysts and valuation experts. They focus on the objectives of financial reporting, the characteristics that make information useful, and displaying information in a useful way for investors like bondholders and shareholders.
Explanation:
In preparing financial statements, accountants should consider a range of factors to ensure that the information presented is useful for decision-making. However, not all aspects are relevant to the preparation of these statements. Specifically, the option that is not typically a consideration for accountants is d. The presentation of the value of a company. While the value of a company can be influenced by the information found in financial statements, it is not the direct responsibility of accountants to present this valuation within the statements, as this is usually the domain of analysts and valuation experts.
Accountants focus primarily on:
a. The objectives of financial reporting, which aim to provide information that is useful to current and potential investors, lenders, and other creditors in making decisions about providing resources to the entity.b. The characteristics that make accounting information useful, such as relevance and faithful representation, which help ensure that the financial information meets the needs of users.c. The most useful way to display the information found on the financial statements, which encompasses the organization and clarity of the data presented, helping users understand the financial performance and position of the company.As a firm becomes established, the personal knowledge of individual managers and their plans becomes less critical for outside investors like bondholders and shareholders. They rely more heavily on the available financial information when deciding to provide financial capital to the firm. Accountants serve these investors by focusing on providing transparent and accurate financial reporting, rather than personal assessments of value.
Activity-based costing (ABC) systems ________. A. Unselected have the same cost allocation system as plantwide and departmental cost allocation systems B. Unselected have no cost allocation rates for each activity identified by the company C. Unselected have combined cost allocation rates for each activity identified by the company D. Unselected have separate cost allocation rates for each activity identified by the company
Answer:
D. have separate cost allocation rates for each activity identified by the company CORRECT
There will be activity cost pool which, will be distribute among the product using different cost driver like machien hours, direct labor hours or other.
Explanation:
A. have the same cost allocation system as plantwide and departmental cost allocation systems
NO If it was, then it would not have a different name
B. have no cost allocation rates for each activity identified by the company
If we don't have rates to distrubte cost then, the allocation will be arbitrary
C. have combined cost allocation rates for each activity identified by the company
each should have different base cost driver if not, then they aren't different and should be combined.
Activity-based costing (ABC) systems have separate cost allocation rates for each activity identified by the company. This enables more accurate assignment of indirect costs.
Explanation:Activity-based costing (ABC) systems D. have separate cost allocation rates for each activity identified by the company. Unlike plantwide and departmental cost allocation systems, ABC systems segregate the company's indirect costs into separate activities, referred to as cost pools, and assign a unique cost rate to each.
For instance, a company may have different activities such as manufacturing, marketing, quality control, etc., and each activity would have its own cost allocation rate.
This method allows companies to more accurately assign indirect costs to products or services.
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All other variables held constant, investments paying simple interest have to pay significantly higher interest rates to earn the same amount of interest as an account earning compound interest.A. True
B. False
Answer: True
Explanation: Hyderali230 is wrong according to Cengage Unlimited. He tries to explain that the principle you keep putting in makes compound interest not grow as quickly. However, It's all things being held equal, meaning, no other principal payments are being made.
Nash's Trading Post, LLC has assets of $4200000, common stock of $1000000, and retained earnings of $600000. What are the creditors’ claims on their assets?
Answer:
The correct answer is $2,600,000.
Explanation:
According to the scenario, the given data are as follows:
Total Assets = $4,200,000
Common stock = $1,000,000
Retained earnings = $600,000
So, we can calculate the creditors' claims on their assets by using following formula:
Creditor's Claim on their Assets = Total Assets - ( Common stock + Retained earnings)
= $4,200,000 - ( $1,000,000 + $600,000 )
= $4,200,000 - $1,600,000
= $2,600,000
Hence, Creditors' claims on their assets will be $2,600,000.
The creditors' claims on Nash's Trading Post, LLC assets amount to $2,600,000.The creditors' claims on Nash's Trading Post, LLC's assets are $2600000. This is calculated using the balance sheet equation with the given values for assets, common stock, and retained earnings.
Explanation:The creditors' claims on Nash's Trading Post, LLC assets can be calculated by subtracting the owner's equity from the total assets. In this case, the common stock and retained earnings represent the owner's equity. So, to find the creditors' claims, we need to subtract the common stock and retained earnings from the assets.
Assets - (Common Stock + Retained Earnings) = Creditors' Claims
$4,200,000 - ($1,000,000 + $600,000) = Creditors' Claims
Therefore, the creditors' claims on their assets amount to $2,600,000.
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the process of gathering information about the competitive environment, including competitors' plans, activities, and products, to improve a company's ability to succeed is the definition of ___________.
Answer:
Competitive intelligence
Explanation:
Competitive intelligence is the process of gathering information about your competitive environment to enhance your business decisions.
for example:
An example of competitive intelligence is that of an investment banker or trader where by he gains information from financial statement reports, industry research papers etc.., while other banker or trader gain the same information but his ability to use that information to gain valuable insights (i.e. best investment or stock at the moment) separates him from the others.
Answer:
Competitive Intelligence
Explanation:
Like the question suggests, competitive intelligence is the process of gathering information about the competitive environment, including competitor's plans, activities etc. to enhance a company's ability to succeed.
The key to having an advantage over your competitors is to understand them. Gathering information about your competitors isn't illegal. It spurs creativity, helps in the decision making process.
Competitive Intelligence also involves understanding your consumers.
3. Why does the infant mortality rate relate to a country's level of development?
A The rate is a predictor of the adult literacy rate.
O
B
The rate is an indicator of nutrition and health care.
The rate is high in some very industrialized countries.
O
D
The rate is low in a few nonindustrialized areas.
Answer:d
Explanation:
Answer:
The answer is B. The rate is an indicator of nutrition and health care.
Explanation:
Infant mortality rate means how many children die at birth and/or before reaching the age of 05. This is an indicator of the health sector and it's development in a country.
Mainly, this is because a significant and technologically advanced health sector with a substantial capital investment is required to cater to the health needs of new borns, children and their mothers special health requirements.
Within his company, Vernon has set up a system with inputs, outputs, transformation processes, and feedback. He utilizes a management style that varies according to the individual and environmental situation, with a strategy for minimizing errors by managing each stage of production. Vernon is utilizing a _______ perspective.a) classical
b) contemporary
c) quantitative
d) historical
e) behavioral
Answer: (B) Contemporary
Explanation:
The contemporary perspective is basically focuses on the behavior of the individual people that are acquired and also modify by the change in the environmental consequences.
The contemporary perspective is one of the type of modern psychology that helps in determine the actual behavior and also the pint of view of the people.
According to the given question, the Vernon set up the system in his company with outputs, feedback, inputs and also the transformation process and he basically managing all the stages of the production.
Therefore, Vernon is basically utilizing a contemporary perspective.
Automobile manufacturers produce a range of automobiles such as sports utility
vehicles, luxury sedans, pickup trucks and compact cars. What fundamental econom- ic question are they addressing by making this range of products?
a. How to produce goods that consumers want?
b. What goods and services will be produced?
c. Who to produce automobiles for?
d. Why produce a variety of automobiles?
Answer:
b. What goods and services will be produced?
Explanation:
Due to the fact that resources are scarce, the society must answer the following questions:
What to produce?
How to produce?
For whom to produce for?
In producing a range of different types of cars, the car manufacturers are answering the question of what to produce.
I hope my answer helps you
The law of demand is the assertion that A. the quantity demanded of a product is inversely related to its price. B. the demand for a product is negatively related to its price. C. changes in price and changes in quantity demanded move in the same direction. D. the quantity demanded of a product is directly related to its price. An increase in the price of a product causes a decrease in quantity demanded because of the income and substitution effects. More specifically, A. the substitution effect is the decrease in quantity demanded because consumer tastes have changed and the income effect is the decrease in quantity demanded because consumer incomes have fallen. B. the substitution effect is the decrease in quantity demanded because the product is more expensive relative to other goods and the income effect is the decrease in quantity demanded owing to the decline in consumers' purchasing power. C. the substitution effect is the decrease in quantity demanded because there are fewer consumers and the income effect is the decrease in quantity demanded because consumer incomes failed to increase. D. the substitution effect is the decrease in quantity demanded because the consumers' purchasing power is reduced and the income effect is the decrease in quantity demanded owing to the fact that the product is more expensive relative to other goods.
Answer:
The correct answer is option A.
The correct answer is option B.
Explanation:
The law of demand states that other things being constant, the quantity demanded of a product is inversely related to its price level. That is, an increase in the price of the product will cause the quantity demanded to decline and vice versa.
This inverse relationship exists because of the substitution effect and income effect.
The substitution effects refer to the decline in quantity demanded because other goods are cheaper and income effect causes quantity demanded to decline because of the reduction in purchasing power.
The law of demand is the assertion that the quantity demanded of a product is inversely related to its price. Option A is the answer.
An increase in the price of a product causes a decrease in quantity demanded because of the income and substitution effects. More specifically, the substitution effect is the decrease in quantity demanded because the product is more expensive relative to other goods, and the income effect is the decrease in quantity demanded owing to the decline in consumers' purchasing power. Option B
The law of demandThe law of demand states that there is an inverse relationship between the price of a product and the quantity demanded by consumers. When the price of a product increases, the quantity demanded decreases, and when the price decreases, the quantity demanded increases.
This principle is based on the behavior of consumers in the market, as higher prices make products less affordable and less attractive, leading to a decrease in demand, while lower prices make products more affordable and more attractive, leading to an increase in demand.
The law of demand assumes that other factors affecting demand remain constant.
The right answer to the first part of the problem is option A.
Option B is the right answer to the second part of the question.
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What is the action brought forth by victims for the purpose of gaining financial compensation for injuries or losses suffered because of wrongful actions from another?
Answer:
A tortious action
Explanation:
A tortious action is an act or action that infringe the right of another. It might include a claim that intends to damage the reputation of an individual or an act that causes physical harm to an individual.
An article in the Wall Street Journal in early 2001 noted two developments in the market for laser eye surgery. The first development concerned side effects from the surgery, including blurred vision. The second development was that the companies renting eyeminus−surgery machinery to doctors had reduced their charges. In the market for laser eye surgeries, these two developments
Answer:
Reduced demand and increased supply leading to reduced equilibrium and approximation rates.
And it could also lead to an unpredictable effect or impact on the equilibrium quantities of laser eye surgery.
The occurrence of side effects could decrease demand for laser eye surgeries while reduced machinery rental costs could increase its supply. The overall impact on the market depends on the relative changes in demand and supply.
Explanation:These two developments mentioned in the Wall Street Journal article would likely have contrasting effects on the market for laser eye surgeries. The first development, the occurrence of side effects such as blurred vision, could decrease demand as potential customers get detracted because of health risks. This could lower the equilibrium price and quantity of laser eye surgeries.
On the other hand, the second development, reduced charges by companies renting eye surgery machinery to doctors, would likely cause a decrease in costs for doctors, which can increase the supply of laser eye surgeries. Theoretically, this could cause a decrease in the price and an increase in the quantity of surgeries supplied.
The overall effect on the market would depend on the relative magnitude of the changes in demand and supply.
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Jacob and Mason go to a diner that sells burritos for $5 and tacos for $3. They agree to split the lunch bill evenly. Mason chooses a taco. The marginal cost to Jacob of ordering a burrito instead of a taco is
Answer:
$1
Explanation:
The marginal cost refers to the cost of producing one additional unit or serving one more customer.
In this case, we have to determine the additional cost of Jacob ordering a burrito instead of a taco. As Mason chose the tacos and they agreed to split the lunch bill evenly, if Jacob decides to eat the tacos, the cost for each of them is:
$3+$3=$6/2= $3
If Jacob decides to eat the burrito:
$3+$5= $8/2= $4
So, the marginal cost to Jacob ordering a burrito is:
$4-$3= $1
The marginal cost to Jacob of ordering a burrito instead of a taco, when split evenly with Mason, is $1, as they share the price difference between the two items.
Explanation:Jacob and Mason are at a diner where the price of a burrito is $5 and a taco is $3. When they decide to split the bill evenly and Mason picks a taco, the marginal cost to Jacob of ordering a burrito instead of a taco is the additional amount Jacob has to pay for choosing the more expensive item. Since they are splitting the bill evenly, the additional cost is split between the two. The difference in price between a burrito and a taco is $5 - $3 = $2. Since they are splitting the cost, Jacob would pay an extra $1 over the cost of a taco, which makes the marginal cost to Jacob of ordering a burrito $1.
Money to pay current expenses for a municipal revenue bond would normally be placed in which of the following funds? (A) Contingency fund (B) Surplus fund (C) Maintenance fund (D) Sinking fund
Answer:
D) Sinking fund
Explanation:
A sinking fund is an account established to be used in the settling of debts. The corporate or institution that creates a sinking fund deposits money regularly as a way of saving it for future debt payments. A sinking fund, is in away a savings account that accumulates funds for repaying large and future debts.
Municipal authorities use sinking funds to pay their bond expenses when they mature. The municipal contributes funds in the years leading to the bond's maturity. Sinking funds gives confidence to investors that the municipal will not default on its payments.
wifty Corporation has 9,200 shares of common stock outstanding. It declares a $3 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31.
Answer:
Explanation:
The dividend paid is shares multiplied by dividend per share = 9200*3 = 27600
Panther Company's bookkeeper debited supplies expense for the cost of goods sold during that month. The bookkeeper discovered the error prior to closing the books. The correcting entry would include
Answer:
Cost of Goods Sold Dr.
To Supplies Expense
Explanation:
The journal entry for cost of goods sold should've been:
Cost of goods sold A/C Dr.
To Purchases A/C
(Being cost of goods sold expense recorded)
The wrong entry passed has been:
Supplies expenses A/C Dr.
To Purchases A/C
The rectifying (correcting) journal entry should be:
Cost of Goods Sold A/c Dr.
To Supplies Expenses A/C
(Being rectification entry for cost of goods sold recorded)
Cost of goods sold is an expense and expenses should be debited.
At the same time, purchase being a nominal account, crediting it would reduce the purchases balance.
Supplies expense was wrongly debited so it has been credited to cancel out the effect.
In a customer payment processing DFD, the "update receivables" activity will be represented by ________, the "accounts receivable file" will be represented by ________, and the "credit manager" will be represented by ________.
Answer:
circle, two horizontal lines, square
Explanation:
Customer payment processing DFD is a flow diagram that represents every phase involved in customer payment processing. Different phases are represented by different pictorial representation. In that regard, Update receivables are represented by circles, account receivables are represented by two horizontal lines and credit manger by square. As the process moves the flow diagram is updated.
A debt instrument sold by a bank to its depositors that pays annual interest of a given amount and at maturity pays back the original purchase price is called
A) commercial paper.
B) a certificate of deposit.
C) a municipal bond.
D) federal funds.
Answer:
Correct option is (B)
Explanation:
Certificate of deposits are issued by banks or any other financial institution against the premium paid in the form of interest for a lumpsum amount deposited with a bank for a stipulated period.
The principal amount is paid back at maturity. Commercial papers are issued by companies and not banks. Municipal bonds are issued by the Government and federal funds are transactions between banks.
Isabel, a calendar-year taxpayer, uses the cash method of accounting for her sole proprietorship. In late December she received a $19,000 bill from her accountant for consulting services related to her small business. Isabel can pay the $19,000 bill anytime before January 30 of next year without penalty. Assume her marginal tax rate is 40 percent this year and next year, and that she can earn an after-tax rate of return of 4 percent on her investments.
a.
What is the after-tax cost if Isabel pays the $19,000 bill in December?
b.
What is the after-tax cost if Isabel pays the $19,000 bill in January? Use Exhibit 3.1. (Round your intermediate calculations and final answer to the nearest whole dollar amount.)
c. Based on requirement a and b, should Isabel pay the $19,000 bill in December or January?
December
January
Answer:
A) Isabel's after-tax cost for paying the bill in December = $19,000 - ($19,000 x 40%) = $19,000 - $7,600 = $11,400
B) Isabel's after-tax cost for paying the bill in January:
the cost before taxes = $19,000 - ($19,000 x 4%/12) = $19,000 - $63 = $18,937
after-tax cost = $18,937 - ($18,937 x 40%) = $18,937 - $7,575 = $11,362
C) January, since the cost of the debt is lower.
Decide whether each of the following descriptions most closely corresponds to being part of a command system, a market system, or a laissez-faire system.
a. A woman who wants to start a flower shop finds she cannot do so unless the central government has already decided to allow a flower shop in her area.
b. Shops stock and sell the goods customers want but the government levies a sales tax on each transaction to fund elementary schools, public libraries, and welfare programs.
c. The only taxes levied by the government are to pay for national defense, law enforcement, and a legal system designed to enforce contracts between private citizens.
Answer:
A. : Command System
B. : Market System
C:-Fair system
Explanation:
Explanation for A.
In a command system, no individuals own any form of resources in the country. Every single resources in that country owned by the government.
The government also determine the type of jobs that people could have along with the type of products that they have to produce mutually.
People under the command system will have no freedom to pursue their own economic interest. They have to obey whatever the government decided for them.
Explanation for B.
Market system give freedom to the citizens to pursue their own economic interest. But, the government still play a role as a regulator. (to ensure that the citizens play fairly and keep the citizens safe)
In this system the government will impose tax to the people that will be used to fund government programs. This fund is what being used to pay for public libraries, schools, and welfare programs.
Explanation for C.
In Laize-fair system, the people are given freedom to pursue their economic interest without government restrictions. Government's role is limited to providing safety from another country.
There will be no regulations for safe materials, safe working environment, labors protection, etc.
Final answer:
Each scenario represents different economic systems: a command system where the government decides on the establishment of businesses, a market system that has government-imposed taxes for public services, and a laissez-faire system with minimal government involvement, focusing only on defense, law enforcement, and contract enforcement.
Explanation:
The question asks to decide whether each of the descriptions most closely corresponds to being part of a command system, a market system, or a laissez-faire system.
a. A woman who wants to start a flower shop but cannot do so unless the central government has already decided to allow a flower shop in her area reflects a command system. In a command economy, the government makes major decisions about the production and distribution of goods and services.
b. Shops stock and sell the goods customers want but the government levies a sales tax on each transaction to fund public services such as schools and libraries. This scenario describes a market system with some level of government intervention, typical of mixed economies where the market largely determines what goods and services are produced but the government imposes taxes to fund public services.
c. The only taxes levied by the government are for national defense, law enforcement, and a legal system to enforce contracts. This minimalist approach to government intervention is associated with a laissez-faire system, where the government's role in the economy is as limited as possible.
Rowena has a $150,000 homeowner's insurance policy with a $1,000 deductible on her house. Her premium payment is $100 per month. If she makes a $5,000 claim on the policy, how much will she have to pay for this claim?
Answer:
$1000
Explanation:
She would only pay her deductible which is $1000
Rowena will have to pay $1,000 for her $5,000 insurance claim, as this is the amount of her deductible. The insurance will cover the remaining $4,000.
Explanation:If Rowena makes a $5,000 claim on her homeowner's insurance policy, which has a $1,000 deductible, she will be responsible for paying the deductible amount herself. This means that Rowena will pay $1,000 out of pocket. The insurance company would then cover the remaining balance of the claim, which in this case amounts to $4,000, resulting from subtracting the deductible from the total claim ($5,000 - $1,000 = $4,000).
_____ research is research that probes systematically into the marketing problem and bases its conclusions on a large sample of participants. A. Descriptive B. Observational C. Analytical D. Causal E. Informative
Descriptive research is a method that systematically probes into a marketing problem and bases conclusions on a large sample size, often used to describe characteristics of a population or phenomenon.
Explanation:The research method that systematically probes into a marketing problem and bases its conclusions on a large sample of participants is Descriptive research. Descriptive research is often used in marketing to understand and describe the characteristics of a population or phenomenon being studied. It answers questions like who, what, where, when and how. A large sample size helps ensure that the research findings are reliable and can be generalized to a larger population.
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On January 1, 2018, Red Flash Photography had the following balances: Cash, $26,000; Supplies, $9,400; Land, $74,000; Deferred Revenue, $6,400; Common Stock $64,000; and Retained Earnings, $39,000. During 2018, the company had the following transactions:
1. February 15 Issue additional shares of common stock, $34,000.
2. May 20 Provide services to customers for cash, $49,000, and on account, $44,000.
3. August 31 Pay salaries to employees for work in 2018, $37,000.
4. October 1 Purchase rental space for one year, $26,000.
5. November 17 Purchase supplies on account, $36,000.
6. December 30 Pay dividends, $3,400.
The following information is available on December 31, 2018:
1. Employees are owed an additional $5,400 in salaries.
2. Three months of the rental space has expired.
3. Supplies of $6,400 remain on hand.
4. All of the services associated with the beginning deferred revenue have been performed.
Answer:
Revised Balance Sheet on 31st December 2018
Cash, $26,000; +34,000+49,000 -37,000-26,000 -29,000 -3400 42600 42,600
Account Receivable...44,000 44000
Supplies, $9,400; +6,400 15800
Land, $74,000; 74000
Prepaid Rent....19,500 19500
Total........................................... 195,900.00
Common Stock $64,000; and +34,000 98000
Retained Earnings, $39,000. -37,000+49,000+44,000-6,500-3400-5400+6400-29,600 56500
Accrued Wages 5400 5400
Accounts Payable 36,000 36000
Total........................................... 195,900.00
Explanation:
On January 1, 2018, Red Flash Photography had the following balances:
Cash,............... $26,000;
Supplies,........... $9,400;
Land, ........ $74,000;
Total..................109, 400
Deferred Revenue, $6,400;
Common Stock..... $64,000;
Retained Earnings, $39,000.
Total.......................109,400
On 31st December 2018
Revised Balance Sheet on 31st December 2018
Cash, $26,000; +34,000+49,000 -37,000-26,000 -29,000 -3400 42600 42,600
Account Receivable...44,000 44000
Supplies, $9,400; +6,400 15800
Land, $74,000; 74000
Prepaid Rent....19,500 19500
Total........................................... 195,900.00
Common Stock $64,000; and +34,000 98000
Retained Earnings, $39,000. -37,000+49,000+44,000-6,500-3400-5400+6400-29,600 56500
Accrued Wages 5400 5400
Accounts Payable 36,000 36000
Total........................................... 195,900.00
1. February 15 Issue additional shares of common stock, $34,000.
ADD 34,000 TO EQUITY, AND TO CASH
2. May 20 Provide services to customers for cash, $49,000, and on account, $44,000.
LESS 49,000 FROM CASH AND ADD TO RETAINED EARNINGS AS INCOME, ADD 44,000 AS ACCOUNT RECEIVABLES AND ADD TO INCOME IN RETAINED EARNINGS
3. August 31 Pay salaries to employees for work in 2018, $37,000.
LESS 37,000 FROM CASH AND FROM RETAINED EARNINGS
4. October 1 Purchase rental space for one year, $26,000.
LESS FROM CASH AND FROM RETAINED EARNINGS
5. November 17 Purchase supplies on account, $36,000.
ADD TO STOCK, ADD TO ACCOUNTS PAYABLES
6. December 30 Pay dividends, $3,400.
LESS FROM CASH AND FROM RETAINED EARNINGS
The following information is available on December 31, 2018:
1. Employees are owed an additional $5,400 in salaries.
ADD TO ACCRUED SALARIES,LESS FROM RETAINED EARNINGS AS EXPENSES INCURRED IN THE PERIOD
2. Three months of the rental space has expired.
CREATE PREPAID RENT FOR 3/4 OF RENT (19,500) AND LESS 6500 FROM RETAINED EARNINGS AS EXPENSE FOR THE PERIOD
3. Supplies of $6,400 remain on hand.
LESS 19600 (26,000-6400) FROM SUPPLIES AND FROM RETAINED EARNINGS AS EXPENSE FOR THE PERIOD
4. All of the services associated with the beginning deferred revenue have been performed.
DELETE DEFFERED REVENUE OF 6,400 AND ADD SAME AMOUNT TO RETAINED EARNINGS AS INCOME EARNED
Final answer:
The question focuses on the processing and analyzing of financial transactions for Red Flash Photography throughout the year, examining the impact on various financial statements and requires a basic understanding of accounting principles, such as revenue recognition, asset management, and expense recording.
Explanation:
The question provided relates to basic accounting principles and practices. It involves the analysis of a company's transactions over a fiscal year and requires understanding of fundamental accounting concepts such as assets, liabilities, equity, revenue recognition, and expenses. The goal is to assess the impact of the company's transactions on its financial position, reflecting the changes in various accounts through journal entries, adjusting entries or preparation of financial statements such as balance sheet, income statement or statement of cash flows.
During the year, Red Flash Photography engaged in various transactions, including issuing additional common stock which increased equity, providing services to customers which raised both cash and accounts receivable under revenues, incurring expenses like salaries and rent for operational space, and managing supply inventory. Activities like paying dividends affected the retained earnings.
At year-end adjustments, certain items require correction such as outstanding salaries payable, recognizing the portion of prepaid rent that has been used, adjusting the remaining supply inventory, and recognizing revenues from previously deferred amounts. These adjustments ensure the financial statements present a true and fair view of the company's financial situation.
Avon was known as the company that sold cosmetics door-to-door for a long time. In order to grow and reach new markets it began to sell jewelry through its door-to-door sales force. This involved marketing new products through existing channels of distribution. It also is now selling its products by mail order and has opened retail stores. Avon is an example of a company effectively using which strategy?
Answer:
Diversification
Explanation:
Avon is growing (diversifying) into the jewellery market place using the channel it already has (door-to-door sales). In addition it has also employed various means of distribution for its products including mail order and retail stores.
The additional distribution channels will bring Avon's product Tina larger market.
When Mark was told that his favorite shoe store would no longer stock his favorite brand of sneakers, he assumed that the shoe manufacturer was no longer manufacturing sneakers, even though that was not the case. This scenario illustrates the concept of _____.
A) closure
B) kinesics
C) social loafing
D) structural accommodation
Answer:
A) Closure
Explanation:
Closure refers to a state wherein a a store's agreement with a specific brand ends post which the store stops selling the products of such a brand.
In the given case, Mark assumed the shoe manufacturer having shut down it's operations and having stopped manufacturing shoes altogether.
This is not the case. It means the shoe store won't stock that particular brand or the contract between the shoe store and the brand has closed or expired.
Thus, this is a case of closure.
The average life expectancy of tires produced by the Whitney Tire Company has been 40,000 miles. Management believes that due to a new production process, the life expectancy of its tires has increased. In order to test the validity of this belief, the correct set of hypotheses is: _____.
Answer:
Null hypothesis: The average life expectancy of tires produced by the Whitney Tire Company is 40,000 miles.
Alternate hypothesis: The average life expectancy of tires produced by the Whitney Tire Company is greater than 40,000 miles.
Explanation:
A null hypothesis is a statement from a population parameter which is either rejected or accepted (fail to reject) upon testing. It is expressed using the equality sign.
An alternate hypothesis is also a statement from the population parameter which negates the null hypothesis and is accepted if the null hypothesis is rejected. It is expressed using any of the inequality signs.
Websites frequented by individuals with common interests where they can post facts, opinions, and personal experiences have emerged as sophisticated sources of product and brand information are called ____________
Answer:
blog
Explanation:
Websites frequented by individuals with common interests where they can post facts, opinions, and personal experiences have emerged as sophisticated sources of product and brand information are called blog
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Siesta Inc., a mattress store, recently launched a new range of mattresses. According to the management of the company, these mattresses are made with advanced technology and guarantee a good sleep. However, the sales are not very promising. An in-store survey shows that consumers find the mattresses expensive and are reluctant to invest too much in a product that is new in the market. To boost the sales, the marketing team decides to reduce the price by ten percent and offer a three-month return policy. As soon as these changes are implemented, the sale of the new mattresses picks up. The reduction in the price and the offer of return policy are examples of _____.
Answer:
Marketing tactics.
Explanation:
Marketing tactics are actions taken by a company in the promotion of goods and services, to attain a marketing goal.
Marketing strategy is the goal or plan that the company adopts to make campaigns successful. While tactics are the specific actions taken by marketers to achieve the goals. They include: social media promotion, distribution methods, emailing targeted customers, and discounts.
Price reduction and offering a return policy are marketing strategies to incentivize purchases and increase sales, as they reduce consumer perceived risk and demonstrate confidence in product quality.
The reduction in the price and the offer of a return policy by Siesta Inc. are examples of marketing strategies aimed at reducing perceived risk and providing value for money to consumers.
When sales are not going as expected, businesses often resort to adjusting their pricing strategies, which may include discounts or sliding prices.
In addition to this, offering a money-back guarantee or a return policy serves as a promise of quality and builds trust with customers since they may be hesitant to invest in a new and relatively unknown product. Such strategies can be seen as a part of a company’s efforts to incentivize purchases and encourage consumer adoption of new products.
Cashvestment, a wealth management firm, renders services to various clients such as salaried employees, entrepreneurs, high-net-worth individuals, and retired employees. The employees of Cashvestment are organized based on the type of clients they are involved with. In this scenario, Cashvestment most likely follows _____.
a. functional departmentalization.
b. product departmentalization.
c. customer departmentalization.
d. geographic departmentalization.
Answer:
c. customer departmentalization.
Explanation:
In customer departmentalization, departments are created based on the different customers the company serves.
In functional departmentalization, departments are created based on the different functions of each department e.g. marketing department, finance department etc
In geographic departmentalisation, departments are created based on the different regions, states or countries the company serves.
In product departmentalisation, departments are created based on the different goods and services that the company produces.
I hope my answer helps you
A 63-year-old man presents to the office with hematuria, hesitancy, and dribbling. Digital rectal exam (DRE) reveals a moderately enlarged prostate that is smooth. The PSA is 1.2. What is the most appropriate management strategy for you to follow at this time?
Answer:
A 63-year-old man presents to the office with hematuria, hesitancy, and dribbling.
Digital rectal exam (DRE) reveals a moderately enlarged prostate that is smooth.
The PSA is 1.2.
The most appropriate management strategy to follow at this time is:
Explanation:
This 63 year-old-man is at his elderly stage, meaning that it may have brought the enlargement of the prostate, as the DRE revealed, squeezing the urethra moderately and causing difficulty with urination such as a intermittent flow or dribbling, hematuria and hesitancy, so an urine flow study might be helpful to detect reduced urine flow associated with BPH (Benign Prostatic Hyperplasia).
Although his PSA level of 1.2 nanograms per milliliter (ng/mL) of blood is still in the normal range, a test must be performed to determine how fast is the PSA level is increasing, as it is associated with prostate cancer.
A questionnaire must be filled out to determine the type and severity of symptoms and if they have impacted his routine life.
Digital rectal examination (DRE): The physician inserts a gloved finger into the rectum (located next to the prostate) and feels the back of the prostate. Prostate cancers can sometimes be detected as lumps or bumps on the prostate here.
Depending on the results the patient could get a cystoscopy, which is a test that allows the physician to inspect the inside of the prostate, urethra channel and bladder, using a mini-camera inserted within a thin tube.
If the doctor finds cancer suspicious data, he might order a transrectal ultrasound, a transabdominal ultrasound or a prostate magnetic resonance imaging (MRI).
BPH is the most common urologists diagnosed disorder of the prostate gland in males between the ages of 45 and 76.
The television industry in the United States is controlled by seven giant corporations: The Walt Disney Company, CBS Corporation, Viacom, Comcast, Hearst Corporation, Time Warner, and News Corporation. Thus, the television industry in the U.S. is a typical _____ industry.a.agglomerationb.free marketc.monopolisticd.oligopolistic
Answer:
D) oligopoly
Explanation:
An oligopoly is a market dominated by few suppliers. There is very limited competition mainly due to high entry barriers and concentrated market power. The most important entry barriers are economies of scale, patents and other expensive technologies and government licences. Also, since the oligopolistic firms have great market power, they usually carry out actions designed to discourage new competitors or directly eliminate them.
An entrepreneur borrows $500,000 today. The interest rate is 11.5%. If the entrepreneur makes annual payments of $70,000 per year, how many years will it take to repay the loan?
Answer:
After 18.44 year loan will be paid
Explanation:
We have given an entrepreneur borrows $500,000 today.
So total amount is $500000
Annual payment is of $70000
Rate of interest r = 11.5 %
We have to find the time period
We know that total amount is given by
[tex]A=P(1+\frac{r}{100})^n[/tex], here A is total amount , P is yearly paid amount, r is rate of interest and n is time period
So [tex]500000=70000\times (1+\frac{11.25}{100})^n[/tex]
[tex]7.142=1.1125^n[/tex]
Taking log both side
[tex]log7.142=nlog1.1125[/tex]
[tex]n\times 0.0463=0.8538[/tex]
n = 18.44 year
So after 18.44 year loan will be paid
Answer:
the other persons answer is correct
Explanation: