Answer:
Inverse Relationship between demand of a good & its complementary good's price. Prise rise of peanut butter will reduce demand of strawberry jam.
Positive Relationship between demand of a good & its substitute good's price.
Explanation:
'Other goods price' is a factor affecting demand. These are substitute goods price & complementary goods price.
Complementary Goods are goods used together (eg- Jiffy peanut butter & Smucker's strawberry jam, here). These goods price & demand are inversely related.
Price rise of a complementary good (jiffy peanut butter) leads to fall in its own quantity demanded & so decrease in demand of its complement good (smucker's strawberry jam), because they are jointly demanded. Also- Price fall of a complementary good leads to rise in its own quantity demanded & so decrease in complement's demandSubstitute goods are are goods that can be used interchangeably. Eg - Coke , Pepsi . Substitutes price & demand are positively related
Price rise of good makes it relatively expensive & decreases its demand.Prise fall of good makes it relatively cheaper & increases its demand.The price of complementary goods like Jiffy peanut butter and Smucker's Strawberry jam is interdependent. If the price of Jiffy peanut butter increases, it will reduce the demand for both itself and Smucker's Strawberry jam as they are usually consumed together.
Explanation:In economics, Jiffy peanut butter and Smucker's Strawberry jam can be considered as complementary goods. Complementary goods are two goods that are usually consumed together. This means if the price of one good increases, the demand for the other good decreases, and vice versa.
If there’s a price change in Jiffy peanut butter and it becomes more expensive, consumers are less likely to buy it. As a result, the demand for its complementary good, Smucker's Strawberry jam, will also decrease. This is because if you commonly eat these two items together (like in a PB&J sandwich), the increased cost of the total 'package' (pb+jam) may result in consumers purchasing less of both items.
In short, when the price of a related good changes, it will change the demand for any goods that are complementary to it.
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If a taxpayer takes a trip within the United States which is primarily for business, the cost of travel to and from the destination need not be prorated between the business and personal portion of the trip.True / False.
Answer:
The statement is true
Explanation:
Business expenses are deductible to the extent that they are incurred outside the tax home. Expenses related to business purpose are deductible. For example, meals and lodging expenses. Personal expenses are not deductible.
However, for cost incurred on travel to and from destination within tax home is considered business expenses and is not required to be prorated between business and personal expenses. IRS keeps a close eye on any business travel outside tax home as in this case expenses need to be prorated between business and personal use.
Specializing in the production of a good or service in which one has a comparative advantage enables a country to do all of the following except A. increase the quantity of products that it can consume with no increase in resources. B. engage in mutually beneficial trade with other nations. C. produce a combination of goods that lie outside its own production possibilities frontier. D. consume a combination of goods that lie outside its own production possibilities frontier.
Answer:
C. produce a combination of goods that lie outside its own production possibilities frontier
Explanation:
A country has comparative advantage in production if it produces at a lower opportunity cost when compared with other countries.
Producing outside a production possibility frontier is impossible. Efficient production takes place on the production possibility frontier.
By importing goods from trade partners , a country can increase the quantity of products that it can consume with no increase in resources.
I hope my answer helps you
Final answer:
Countries specializing in production based on comparative advantage cannot produce a combination of goods that lie outside their own production possibilities frontier, but they can engage in mutually beneficial trade, increase consumption without more resources, and consume beyond their production limits.
Explanation:
Specializing in the production of a good or service in which one has a comparative advantage enables a country to do a variety of things that promote economic efficiency and trade benefits. The question asks about what such specialization does not allow a country to do. We know that specialization and trade based on comparative advantage allow countries to increase the quantity of products they can consume without an increase in resources (A), because they are producing where they are most efficient. This specialization also enables countries to engage in mutually beneficial trade (B), since they can exchange what they produce efficiently for goods another country produces more efficiently, making both parties better off. Lastly, it allows countries to consume a combination of goods that lie outside their own production possibilities frontier (D), meaning they can enjoy a greater variety of goods and services than they could by just relying on domestic production.
However, what specialization based on comparative advantage does not enable a country to do is produce a combination of goods that lie outside its own production possibilities frontier (C). A country's production possibilities frontier represents the maximum production capability with the available resources and technology. While trade lets countries consume beyond their production possibilities frontiers through imports, it does not change the physical or technological constraints that limit their production capacity.
distributable net income (DNI) for the Sampson estate is $20,000, including $3,000 of tax-exempt interest income. If the executor distributes $8,000 to the beneficiaries in a year other than the final year, what amount may be taken as a distribution deduction?
Answer:
$8,000
Explanation:
Income distribution deductions apply only to an estate or trust's distributable net income (DNI). In this context, the beneficiaries of an estate or a trust are taxed directly based on the money distributed to them. That means that the estate or trust can deduct distributions when calculating taxes. This is done to avoid double taxation, since the beneficiaries are taxed, then the estate or trust is not.
Before you begin to compose a message, you should conduct research to collect the necessary information. to avoid frustration and inaccurate messages, be sure to consider the receiver's position. which questions should you ask yourself before determining what and how to research?
Explanation:
Here are some general guidelines for composing a message,
Be politeWrite in simple and understandable termsEnsure whether the intention of the mail is written clearly in the "subject" lineElaborate the purpose of writing the mail and the content is reader-friendly or receiver-friendlyAvoid using harsh wordsCheck for spellings and grammarCheck whether attachments are included before sending the mailCheck for "CC: carbon copy" which needs to be includedConsider the following three items of spending by the government:_____
(1) the federal government pays a $500 unemployment benefit to an unemployed person;
(2) the federal government makes a $2,000 salary payment to a Navy lieutenant;
(3) the city of Bozeman, Montana makes a $10,000 payment to ABC Lighting Company for street lights in
Bozeman. Which of these payments contributes directly to government purchases in the national income accounts?
a. only item (1)
b. only item (2)
c. only items (1) and (2)
d. only items (2) and (3)
Answer:
D) only items (2) and (3)
Explanation:
Unemployment benefit is a transfer payment, it does not generate any goods or services to the government, but it is a donation to the unemployed person or redistribution of income by the government, so it does not contribute anything to National Income Account.
Whilst salaries are paid to the employees in exchange of their skills utilized and service fee to ABC lighting is for productive services rendered by the business entity because they are paid for services or goods rendered or sold, or simply a productive activity being done.
So, both options 2 and 3 contribute directly into National Income Accounts because of their productive contribution to economy.
Bottom trawling is a type of deep-sea fishing that involves dragging a large net along the bottom of the ocean, and it results in catching and killing many unintended species, some of which are endangered. Environmental advocates, concerned for these endangered marine species, have recommended that commercial fishers use a new set of nets, each designed specifically for the size and shape and pheromones (chemical attractors) of an individual marine species targeted by the commercial fishers. Environmentalists hope use of these new nets will protect the endangered marine species without interrupting commercial deep-sea fishing.
Which of the following, if true, most strongly supports the claim that use of the new nets will have the intended effects?
(A) The pheromones that would most attract the food species sought by commercial fishers indicate the presence of a dangerous threat to most of the endangered marine species.
(B) Some endangered marine species are particularly large, as large any species targeted by commercial deep-sea fishing.
(C) Most of the newly design nets are not significantly more expensive than a typical bottom trawling system.
(D) Catching unintended, endangered species adds nothing to the profits of a commercial deep-sea fishing company.
(E) Freshwater fishers often increase the odds of catching a desired fish, and avoid catching unintended species, by the specific design of the fishing hook.
Answer:
(A) The pheromones that would most attract the food species sought by commercial fishers indicate the presence of a dangerous threat to most of the endangered marine species.
Explanation:
The pheromones in the new nets will serve two purpose: attract target fish commercial fishers want, and at the same time releases and indicator that warns endangered species of a threat.
The result of this is commercial fishers will only catch their target fish, and endangered species will tend to go away from fishing areas because of the indicator warning them of danger.
Assume that strawberries cost $1 and apples cost $2. If a consumer has $16, the bundle of goods that would maximize his utility per dollar and remain within his budget would be:________
a. 6 strawberries and 5 apples.
b. 2 strawberries and 3 apples.
c. 6 strawberries and 1 apples.
d. 0 strawberries and 4 apples.
Answer:
a. 6 strawberries and 5 apples.
Explanation:
$16 = 1s + 2a
Where s = strawberry and a = Apple
The above equation represents a budget constraint.
The bundle that would maximise utility:
$16 = 1(6) + 2(5)
16 = 6 + 10
I hope my answer helps you
Answer:
A) 6 strawberries and 5 apples.
Explanation:
If you have $16, your consumption possibilities frontier would be 8 apples or 16 strawberries, but other possible combinations include:
apples strawberries
8 0
7 2
6 4
5 6
4 8
3 10
2 12
1 14
0 16
Any of the above combinations should maximize the consumer's utility and remain within his budget.
You've been tasked with marketing a new line of plumbing services, but you have a set budget you can't exceed. Why is Google Ads a viable option? a. Google Ads allows you to cap the number of ads you pay for, based on your business. b. Google Ads offers separate auctions for low budgets. c. Google Ads guarantees phone calls to your business. d. Google Ads gives you control over your budget.
Answer:
d. Google Ads gives you control over your budget.
Explanation:
As the services work with daily budget the company can chose every day to change the amount of advertizement into the campain Making more ads at lauch and then decreasing overe the following days.
This is not posible in other methods as the radio fee or TV fee are purchase per broadcast or per month thus, the company either pays the fee or the product doesn't get the add.
On gogle add the company decide the amount. Which clearly is a better deal for small and medium firm and even larger firm as well.
G o o gle Ads presents a viable option for marketing a new line of plumbing services within a set budget due to its unique features. Option D is correct.
How to explainThe correct answer is d. G o o gle Ads provides precise control over your budget, allowing you to set spending limits that align with your financial capacity.
This flexibility enables you to manage costs effectively while reaching potential customers through targeted ads. Unlike guaranteed phone calls (c) or separate auctions for low budgets (b), G o o g le Ads empowers businesses by allowing them to cap expenses, ensuring efficient allocation of resources and maximizing the impact of advertising efforts within the defined budget constraints.
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Sam, a citizen of Tennessee, files a suit in a Tennessee state court against United Sales Corporation, a Wyoming company that does business in Tennessee. The court has original jurisdiction, which means that
a. the case is being heard for the first time.
b. the court does not have concurrent jurisdiction.
c. the court has standing.
d. the court has venue.
Answer: .The correct answer is a). the case is being heard for the first time.
Explanation: A court has original jurisdiction over a case when a case is being heard for the first time.
This cases are heard directly without any intermediary or appellate review.
Answer: A. The case is being heard for the first time.
Explanation: when a court has original jurisdiction, according to common law systems, the e said court has the power to hear the case for the first time. It refers to the court which first hears the case. Having the authority to try a case, it is the court's authority to hear the claim/case in the first instance, rather than on appeal. This in contrast to appellate jurisdiction wherein a higher court hears and reviews the decision of a lower court.
Dividends received for equity securities in which the investor lacks the ability to participate in the decisions of the investee company are recorded with a debit to the Dividend Revenue account.A.TrueB.False
Answer:
False.
Explanation:
When the investor does not have decision- making power in the business, his dividend payment process is not different from any other shareholder.
When profits are declared the company debits Retained Earnings (profits) for the divedend amount, and credited to Dividends Payable.
Dividend Payable is then debitted and Cash will be credited to show money has gone out.
Theta, Inc., a manufacturing company, has two major activities that drive the selling costs of the firm, namely commission paid to sales agents on the number of sales initiated and number of dispatches made. In the case of two explanatory variables, the linear equation is expanded to include the additional variable:______.
Answer:
Total selling cost
Explanation:
Selling cost is the expense that the company has to pay in order to sell a certain product to customers.
When making In linear equation , Companies often include all different types of selling cost that occurs (such as commission, number of dispatch, advertisement) and mixed it into one variable. The combination of all of these selling cost is what referred to as total selling cost.
Acme Steel Co. produces 1,000 tons of steel. Steel sells for $30 per ton. Acme pays wages of $10,000. Acme buys $15,000 worth of coal, which is needed to produce the steel. Acme pays $2,000 in taxes. Acme's contribution to GDP is A. $30,000. B. $20,000. C. $45,000. D. $15,000.
Answer:
Option (D) $15,000
Explanation:
Data provided in the question:
Steel produced by Acme steels = 1,000 tons
Selling cost of steel = $30 per ton
Wages paid = $10,000
Market price of the coal bought = $15,000
Amount paid in taxes = $2,000
Now,
The contribution is made to the GDP when the goods is sold or purchased at market price.
Thus,
The transaction relating to the purchase of coal by Acme steels will contribute to GDP
Hence,
Acme steel co. contribution to the GDP = $15,000
Option (D) $15,000
A random sample of 30 colleges from kiplinger's list of the best values in private college provided the data shown in the datafile named bestprivatecolleges (kiplinger, october 2013). the variable named admit rate (%) shows the percentage of students that applied to the college and were admitted, and the variable named 4-yr grad. rate (%) shows the percentage of students that were admitted and graduated in four years.
Final answer:
The question involves statistical analysis of admission and 4-year graduation rates from Kiplinger's list of best value private colleges, underscoring the importance of descriptive statistics, the impact of admission policies, and the educational context on these rates.
Explanation:
It focuses on two main variables: the admit rate (%), indicating the percentage of students admitted out of those who applied, and the 4-yr grad. rate (%), showing the percentage of students who graduate within four years. This type of analysis is crucial in the field of statistics, specifically relevant to descriptive statistics, probability theory, and potentially inferential statistics, where one might use this data to make broader generalizations about private colleges' performance. Considering the relevance of the University of California's admission criteria and the impact of for-profit colleges on graduation rates, it's evident that college admission policies and the broader educational context play significant roles in these outcomes. Such analyses help stakeholders understand the factors contributing to higher education institutions' effectiveness and the value they provide to students.
"The owner of Elixir Force Inc. received the most prestigious corporate award and was also titled as ""the most outstanding new entrepreneur of the year."" In the context of people-based legitimacy, this is typically an indicator of:"_________A. Brand equityB. Public recognition**C. Business network membershipD. Experiential supports
Answer:
B. Public recognition
Explanation:
Legitimacy, in its primary sense, means acceptance.
People-based legitimacy revolves consensual acceptance of a particular individual by some group of people. This people-based legitimacy can be relayed to an individual through public recognition. Before anyone can enjoy people-based legitimacy, they must have done something worthwhile.
In the case of the owner of Elixir Force Inc receiving an award for most outstanding new entrepreneur of the year, it is clear that he is enjoying public recognition in context of people-based legitimacy.
Final answer:
The prestigious award and title given to the owner of Elixir Force Inc. signify public recognition, which can elevate the entrepreneur's prestige and legitimate power. This reflects positively on their leadership, contributing to both personal and organizational reputation and business network membership.
Explanation:
The owner of Elixir Force Inc. being titled as "the most outstanding new entrepreneur of the year" and receiving the most prestigious corporate award is typically an indicator of public recognition. Such awards enhance the individual's prestige and are often a result of positive experiences, contributions to the industry, or innovative achievements. These awards can contribute to a sense of commitment to the company and boost the owner's legitimacy by showing the respect and esteem with which they are held by peers and the business community.
Awards like this have also been related to leadership emergence and effectiveness, signaling that the entrepreneur is viewed as a leader by others. Also, these kinds of recognitions contribute to name recognition, which is beneficial for both the individual and their company, often leading to media coverage and a competitive advantage. Positive reinforcements such as these can signal a healthy capitalist economy where innovation and good customer service are rewarded.
Prestige is closely tied to one's reputation and esteem within society and is often associated with one's position or accomplishments. By earning such a renowned award and public acknowledgement, the entrepreneur advances his/her image and social capital, which may open doors to better business network membership and could possibly provide internal and external support from a powerful elite. Legitimate power often accompanies these indicators, giving the leader an officially recognized status or title that can enhance their influence within their industry.
A monthly water bill (in dollars) is a linear function of the amount of water the hose uses (in hundreds of cubic feet, HCF) the function uses the slope of 1.45
If the monthly cost for 17 HCF is $44.39, what is the monthly cost for 11 HCF ?
Answer:
The monthly cost for 11 HCF would be $ 35.69.
Explanation:
Consider the linear function that represents the amount of water ( in dollars ) for x HCF of used water,
y = mx + c
Where, m is the slope of the function,
We have, m = 1.45,
So, the function would be,
y = 1.45x + c
If y = $ 44.39 and x = 17,
This implies,
44.39 = 1.45(17) + c
44.39 = 24.65 + c
44.39 - 24.65 = c
19.74 = c
Thus, the required equation that shows the amount of water for x HCF of water is,
y = 1.45x + 19.74
For x = 11 HCF,
The amount of water for 11 HCF of water,
y = 1.45(11) + 19.74
y = 15.95 + 19.74
y = 35.69
Hence, the monthly cost for 11 HCF would be $ 35.69.
Bobby is speaking to his friend and says, "this musical is going to cost me $60 when I buy the ticket." His friend corrects him and says, "actually, this concert will cost you more than $60 since you have to miss work." His friend is referring to the _________________.
Select the correct answer below:
a)economies of scale
b)budget constraint
c)opportunity cost
d)opportunity set
Answer:
c)opportunity cost
Explanation:
As Bobby is missing the job, it has to add up to the ticket cost the amount of labor wages lost during the concert and going bach and forth from his workplace.
That's because if Bobby didn't attend the concert it may have worked therefore, it will end with more han 60 dollars in his pocket.
The difinition for opportunity cost is the best alternative rejected. In this case is the wages against going to the musical
suppose, due to favorable weather, the crop in 2012 is 330 tons. in percentage terms, how much bigger is the 2012 crop over the 2007-2011 average?
Answer:
32%
Explanation:
Year Production (in tons)
2007 200
2008 240
2009 260
2010 300
2011 250
The average crops during 2007-2011 = (200 + 240 + 260 + 300 + 250) / 5 = 1,250 / 5 = 250 tons per year
If the 2012 crop is 330, it is 32% percentage larger [= (330 - 250) / 250] than the average crops between 2007-2011.
The crop of 2012 would be 32 percent greater than the crop over the 2007-2011 average.
How the difference in crop percentage would be calculated?
The average crops that were produced during 2007-2011:
[tex]\frac{200 + 240 + 260 + 300 + 250}{5} \\=250[/tex]
The crop in the year 2012 is 330, then average production of crops between 2007-2011 would be:
[tex]\frac{330 - 250}{250} \\=0.32*100\\=32[/tex]
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Jennifer is the only employee of her sole proprietorship. She is entertaining the idea of hiring an additional employee. She knows that on her own she can produce 100 units per day. Jennifer figures that Applicant A wi help her produce 175 units per day whereas Applicant B will help her produce 155 units per day. Which of the following statements is most accurate? A. Applicant B has a marginal product of 75 units. B. Applicant B has an average product of 77.5 units. C. Applicant A has a marginal product of 75 units. D. Applicant A has an average product of 87.5 units.
Applicant A has a marginal product of 75 units.
Explanation:
The term "marginal productivity" applies to the extra additional outcome of one work unit; all other inputs are retained continuously. The plant remains the same in terms of technology and production.
The additional sewn jeans, which are produced by recruiting an extra worker for instance, are the marginal productivity.
The formula for the marginal product is that it corresponds to the change in the total number of units produced, which is divided into one variable.
For example, assume that a production line produces 100 toy cars in an hour and adds a new machine.
Final answer:
The most accurate statement is that Applicant A has a marginal product of 75 units, as this is the additional output produced with Applicant A's help (175 - 100).
Explanation:
The question relates to the concept of marginal product, which is the additional output from employing one more worker. Given that Jennifer alone can produce 100 units, and with Applicant A she can produce 175 units, the marginal product of Applicant A would be the difference which is 75 units. Similarly, with Applicant B, the total production is 155 units, so Applicant B's marginal product is 55 units (155 - 100). The statement that Applicant A has a marginal product of 75 units is most accurate (Option C). The average product, which is the total output divided by the number of workers, isn't correctly represented in any of the options.
Physical capital is the: a. productive knowledge and skills that workers acquire through education, training, and experience. b. stock of tools, including machines, structures, and equipment, used to produce output. c. knowledge about how the world works that is used to produce goods and services. d. financial resources available to business owners.
Answer:
b. stock of tools, including machines, structures, and equipment, used to produce output.
Explanation:
Physical capital -
It is one of the 3 main factors of production , which are tangible , man - made goods , which helps for the production of the goods and services , is referred to as the physical capital .
It consists of the tools , machinery , equipments etc . that are needed to prepare the goods and services .
Hence , from the given information of the question ,
The correct option ia b.
The owners of Speed-EZ, a new bike messenger service, are concerned about how they will manage their messengers once the messengers have left the office. This is a business problem that falls into the:a. management dimensionb. technology dimensionc. people dimensiond. organizational dimension
Answer:
Correct option is (c)
Explanation:
There are three categories of business problems, namely, organizational, technological and people.
People or human resources is one of the key resources in an organizational especially those organizations that require their people to deal with customers directly. Issues related with people could be inadequate training, poor motivational factors and ineffective evaluation of performances.
Speed EZ provides bike messenger service and they are are concerned about how to manage and control messengers once they leave the company premises. This falls under business problem related to people.
A company wants to decrease their energy use by 14%. If their electric bill is currently $2,800 a month, what will their bill be if they are successful? Give your answer accurate to at least the nearest dollar.
Answer:
$2,408
Explanation:
The computation is shown below:
Data provided in the question
Decreasing percentage = 14%
Current electricity bill for a month = $2,800
So, the value of the bill in case of the successful is
= Current electricity bill for a month - Current electricity bill for a month × Decreasing percentage
= $2,800 - $2,800 × 14%
= $2,800 - $392
= $2,408
Over the course of 50 years, Dexter grew his company to eight package shipping stores. With his retirement approaching and the increased competition, he decided to reduce the number of locations to three. Dexter's reduction of effort represents a
a. fixed plan.
b. defensive strategy.
c. merger approach.
d. stability strategy.
e. growth strategy.
Answer:
B. Defensive Strategy
Explanation:
One thing that is inevitable in business is competition. Dexter decided to use a defensive strategy for his business with his retirement coming in and competition becoming even stronger.
Defensive strategies are management techniques used to "fend off attacks" from competitors. It helps the decision maker hold on to shares of the market. Some companies do this to lower the risk of being attacked when they perceive attacks coming from competitors so in turn, those competitors can focus on other competitors in the market.
Suppose the civilian non-institutional population equals 250,000; there are 132,500 employed persons and 10,000 unemployed persons. How many people are not in the labor force?
Answer:
107,500
Explanation:
The civilian non-institutional population can be divided into two groups;
1)Individuals in the labor force
11) Those not in the labor force
Those in the labor force will include the employed and the unemployed.
In the scenario, those in the labor force will be 132,500 employed persons and 10,000 unemployed persons.
I.e., 132,500 + 10,000 = $42,500
Those not in the labor force will be the population - those in the labor force.
I.e., 250,000-142,500= 107,500
Those not in the labor force will be 107,500
When Kirk and Elisa formed their general partnership, Kirk contributed 90 percent of the capital, and Elisa contributed 10 percent. In the partnership agreement, they did not specify the percentage of the profits each partner would receive. In the first year of their partnership, they earned $35,000 in profits. Elisa's share of the profits is ________.a. $3,500.
b. $10,000.
c. $17,500.
d. $35,000.
Answer:
C. $17,500
Explanation:
Elise's share of the profit would be half the amount of profit earned. This is because in business, in an absent of an agreement, the partners share the profit and losses equally. The emphasis here is placed on the partners not specifying the percentages of profits to be received by each partner in the agreement.
In a situation where the partner who contributed more to the business wants to earn just as much from the profit, he or she must put in place AN AGREEMENT stating the percentages of profit each of the partner would receive.
Prime cost is Group of answer choices direct labor cost and indirect labor cost. direct materials cost and direct labor cost. indirect materials cost and direct labor cost. direct materials cost and indirect labor cost.
Answer:
Direct material cost and Direct labor cost.
Explanation:
Manufacturing costs are divided into 2 groups;
Prime Cost.Conversion Cost.Prime cost: It includes the costs which are directly related to the manufacturing of the product, i-e Direct material cost and direct labor cost. Direct material cost includes the costs related to the raw material of the product being manufactured. On the other hand, Direct labor cost includes the costs which are related to the labor working on the product, for example, the salary of the labor.Janet, the CEO of Kellyntus, an e-commerce fashion site, makes a media announcement about the company's decision to acquire Shoetoppin, an e-commerce footwear site. In the context of managerial roles, which of the following roles does Janet illustrate in this scenario?
a. Leader role
b. Liaison role
c. Disseminator role
d. Spokesperson role
Answer: Spokesperson Role.
Explanation:
Janet in her media announcement about the company acquisition of another company has served as the spokesperson of the organization in that situation. A spokesperson is an individual that relates the activities of an organization to the public.
Your professor loves her work, teaching economics. She has been offered other positions in the corporate world that would increase her income by 25 percent, but she has decided to continue working as a professor. Her decision would not change unless
a. the marginal benefit of a corporate job decreased.
b. cost of a corporate job increased.
c. the cost of teaching increased.
d. the benefit of teaching increased.
Answer:
c. the cost of teaching increased.
Explanation:
The increase in marginal cost of teaching will decrease overall benefits for her. And when the cost become so high that it is better to have corporate job, she will leave teaching.
Answer:
c. the cost of teaching increased.
Explanation:
If the marginal benefit of the corporta job decrease, then is less attractive to change job.
if the cost of corporate job increase, there is less gain thus, less attractive to move to this kind of job.
Last, if the benefit of teaching increased; with more reasons now, he professor will continue with their teaching activity.
From the given options: Only if the cost of teaching increase enought it may reconsider changing job.
If a nation has a balance of payments deficit and exchange rates are flexible, the price or value of that nation's currency in the foreign exchange markets will rise. true or false
Answer:
False
Explanation:
A nation's currency strength is dependent on how much it's goods are in demand. If there is high demand for a countrie's goods it also follows that there will be high demand for its currency so it will be stronger.
When there is a balance of payment deficit a country is importing more and borrowing from other countries to buy imports. So it's currency will weaken.
At the end of the year, the unadjusted balance in the Allowance for Uncollectible Accounts is $951 credit and Accounts Receivable $97,250 debit balance. What is the amount should be debited to Bad Debt Expense, assuming 6% of outstanding accounts receivable at the end of the year is uncollectable?
Answer:
The correct answer is $4,884.
Explanation:
According to the scenario, the given data are as follows:
Account Receivable ( debit) = $97,250
Uncollectable accounts (credit) = $951
Uncollectable percentage = 6%
So, the amount of bad debt can be calculated using the following formula:
Firstly, we calculate the amount that will be uncollectable at the end of the year:
= Account Receivable ( debit) × uncollectable percentage
= $97,250 × 6%
= $5,835
As uncollectable accounts have the credit of $951, then
= $5,835 - $951
= $4,884
Hence, the amount should be debited to Bad Debt Expense is $4,884
To find the amount to debit to Bad Debt Expense, calculate 6% of the Accounts Receivable and adjust the existing allowance balance. The resulting debit is the difference between the desired allowance balance and the existing balance.
Explanation:To calculate the amount to be debited to Bad Debt Expense, we need to determine the desired balance in the Allowance for Uncollectible Accounts and then adjust the existing balance to match that figure. With 6% of the Accounts Receivable being deemed uncollectible, we first calculate 6% of $97,250 (the total Accounts Receivable) which gives us an amount of $5,835 (0.06 × $97,250). Since the current credit balance in the Allowance for Uncollectible Accounts is $951, we subtract this from the calculated amount of $5,835. The result is $4,884 ($5,835 - $951) which is the amount that should be debited to Bad Debt Expense.
The iron law of responsibility says that:____________
A. In the long run, those who do not use power responsibly will lose it.
B. In the short run, sacrifice social goals for economic goals.
C. Law is most important, more than social or economic responsibility.
D. In the long run, economic responsibility leads to social responsibility.
Answer:
The correct answer is (A)
Explanation:
According to iron law responsibility, the companies must use power to stay in the market and control it. These companies have three responsibilities; the first involvement is to run the business, the second involvement is to full-fill society objectives such as to perform social tasks like cleaning pollution. They also stay in the market and work to rebuild or transform the society which improves their goodwill.
The iron law of responsibility, in business ethics, suggests that ultimately, those who do not use power responsibly will lose it. It is a call for businesses to consider their actions over the long term and understand the potential consequences of irresponsible behavior.
Explanation:The iron law of responsibility is a term in business ethics and corporate social responsibility. The best answer choice that fits the description of the iron law of responsibility is, A. In the long run, those who do not use power responsibly will lose it. To put it simply, this law implies that businesses, or any organization with power and influence, are expected to take responsibility for their actions over the long term. If they fail to act responsibly, they might face consequences that result in the loss of their power, like a damaged reputation, consumers boycott, and stricter regulations impose by governments.
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