Explanation:
The term on-boarding is a process handled mostly initiated by HR of the organization.
This is arranged for both newly recruited employees and for newly promoted employees
This would help the newly hired employees to know about the company, policies, procedures, expectations, responsibilities etc.
For the newly promoted employees, he would try to understand the new expectations and goals in a better way.
This is arranged to make "effective contribution" towards the company.
Rajid, an immigrant who speaks little English, enters into a contract to pay $300 per month for ten years to purchase an auto from Travel Motor Co. The appraised retail value of the car is $5000. What legal remedy would release Rajid from his contract?
Answer:
Unconsciounability
Explanation:
In contract law, unconsciounability is a legal doctrine that establishes that contract terms which are extremely unfair or unjust for one of the parties are not enforceable. This unbalance must be generated by superior bargaining power and as its name suggests, is contrary to good conscience.
In this case, the car seller took advantage of Rajid's little knowledge of English and made him sign an extremely unfavorable contract.
Suppose income increases by 25 percent and, as a result, the quantity of a particular brand of automobile demanded (holding the price for this particular automobile constant) decreasesdecreases by 37 percent. The income elasticity of demand for this brand of car is_____. This particular brand of automobile is a(n) _____ good. In another example, suppose market research shows that a particular brand of truck is a normal good and a luxury. If so, then the income elasticity of demand for this truck is:______.
A. Less than 1 but greater than 0.
B. Negative.
C. Greater than 1.
D. Positive.
E. Zero.
Answer:
-1.48
Inferior Good, as their quantity demanded decreases as the income of the consumers increases.
C. Greater than 1
As to be a normal good, the income elasticity should be positive. Then, when betwene 0 and 1 this is a necessary good used for the consumer to met their normal living standard
While above 1, menas their expense is more than proportional than income thus, it increases as the income increases more than proportionally that represent a luxury good.
Explanation:
To solve for the income elasticity we divide the variation in quantity over the variation in price:
-37/25 = -1.48
Chuck Praeger has made a name for himself by being able to sell golf equipment to anyone, anywhere, anytime. Chuck would like to expand his business into Pacific Rim countries and has begun making inquiries into potential distributors. Chuck is convinced that his golf equipment will sell itself. But Chuck is preparing his special "hard-sell" presentation for Asia because he wants to make a good first impression. As a Pacific Rim expert, what do you tell Chuck?1. Be sure to have a tight legal contract ready to avoid product piracy problems.2. Aggressive salesmanship is unlikely to work in Pacific Rim countries.3. Have plenty of English-language business cards to pass around because Asians are impressed with all things about the United States.4. Avoid the confusion introduced by third-party contacts.5. Aggressive salesmanship is unlikely to work in Pacific Rim countries.
As a Pacific Rim expert, I will tell Chuck Aggressive salesmanship is unlikely to work in Pacific Rim countries.
Explanation:
Aggressive sales tactics are getting a bad rap.
Slovenian, greedy, pushy vendor myth is often blamed on you. It is clear that certain sales representatives have undoubtedly overloaded the company in the past with aggressive marketing tactics, but this does not mean these closing techniques should be shunned permanently.
Currently, in 21st century marketing there is always a space for them. You just have to learn where and when to use them. You must remember that in all circumstances they are not ideal, but in the right context, they could be useful to the right buyer. You will certainly compound your selling advantage if you are in a hurry to sell and use these strategies at the wrong time, or on a wrong decision-maker.
Caroline Watts is an employee of Lavender Creek Farm. She has come to you, the payroll accountant, for advice about her health insurance premiums, specifically if she should have them deducted pre-tax or post-tax.
Required:
What reason(s) would you give her for having the medical premiums deducted on a pre-tax basis?
Caroline Watts is an employee of Lavender Creek Farm. She has come to you, the payroll accountant, for advice about her health insurance premiums, specifically if she should have them deducted pre-tax or post-tax.
Required:
What reason(s) would you give her for having the medical premiums deducted on a pre-tax basis?
All health insurance premiums must be deducted on a pre-tax basis.checked
The premium amounts are reduced by deducting them on a pre-tax basis.checked
The employee’s income that is subject to income tax(es) is reduced.checked
The income subject to Social Security and Medicare taxes is reduced.
Answer:
All health insurance premiums must be deducted on a pre-tax basis.
The premium amounts are reduced by deducting them on a pre-tax basis.
The employee’s income that is subject to income tax(es) is reduced.
Explanation:
Health care premiums are deducted on a pre-tax basis, reducing the amount that both employees and employers must pay on federal income taxes, state taxes and FICA taxes.
Since your health premiums reduce your total taxes, they real amount you pay for them is reduced. Similar logic to interests paid by a company that reduce corporate taxes.
A Gantt chart is a horizontal bar chart that shows each work activity on a separate line with the bar placed from the early start date to the early finish date for each activity on a timescale.
1. True
2. False
Answer:
True
Explanation:
Henry Gantt developed the Gantt chart to lessen the hardship of the project schedule in 1917. That chart exhibits the advancement of any projects with the help of timing or schedule. It is a parallel bar chart. The work activity is shown on a separate line while bar placing from early start to early finish for each activity. The Gantt chart is a conventional project management tool to track the progress of projects. Therefore, the statement is true.
What is the percentage of improvement for a client who has a baseline 10RM of 50 lb (22.7 kg) on the bench press and improves to 65 lb (29.5 kg) at her follow-up test session 3 months later
Answer:
30%
Explanation:
What is the percentage of improvement for a client who has a baseline 10RM of 50 lb (22.7 kg) on the bench press and improves to 65 lb (29.5 kg) at her follow-up test session 3 months later.
Percentage improvement is given by the following steps:
First: work out the difference (increase) between the two numbers you are comparing. Then: divide the increase by the original number and multiply the answer by 100. % increase = Increase ÷ Original Number × 100.
Therefore percentage improvement = [(65 lb - 50 lb) / 50 lb] x 100 = 30%
Mentor Corp. has provided the following information for the current year: Units produced 3,500 units Sale price $ 200 per unit Direct materials $ 70 per unit Direct labor $ 55 per unit Variable manufacturing overhead $ 20 per unit Fixed manufacturing overhead $ 350,000 per year Variable selling and administrative costs $ 30 per unit Fixed selling and administrative costs $ 150,000 per year Calculate the unit product cost using variable costing. Group of answer choices
Answer:
Calculation of the unit product cost using variable costing
Direct materials 70
Direct labor 55
Variable Manufacturing Overhead 20
Product Cost 145
Therefore unit product cost is $145
Explanation:
It is important for this question to note that only Manufacturing Costs are included in calculation of product cost.
Non- Manufacturing costs are written off in Profit and loss account as period costs
Variable Costing
Variable costing system only allocates variable manufacturing costs to products to arrive at product cost.
Fixed manufacturing overheads are not included in product cost under this system and they are written off to the profit and loss account as a period cost.
How will each of the following changes in demand and/or supply affect equilibrium price and equilibrium quantity in a competitive market; that is, do price and quantity rise, fall, or remain unchanged, or are the answers indeterminate because they depend on the magnitudes of the shifts? Use supply and demand to verify your answers.
a. Supply decreases and demand is constant.
b. Demand decreases and supply is constant.
c. Supply increases and demand is constant.
d. Demand increases and supply increases.
e. Demand increases and supply is constant.
f. Supply increases and demand decreases.
g. Demand increases and supply decreases.
h. Demand decreases and supply decreases.
Changes in supply and demand affect equilibrium price and quantity in predictable ways. A decrease in supply with constant demand raises price and lowers quantity. An increase in demand with constant supply raises price and quantity. When both supply and demand shift, the outcome depends on their relative changes.
The question at hand involves analyzing how changes in supply and demand affect the equilibrium price and equilibrium quantity in a competitive market.
Supply decreases and demand is constant: The equilibrium price will rise, and the equilibrium quantity will fall.
Demand decreases and supply is constant: The equilibrium price will fall, and the equilibrium quantity will also fall.Supply increases and demand is constant: The equilibrium price will fall, while the equilibrium quantity will increase.
Demand increases and supply increases: The equilibrium price may increase, decrease, or remain unchanged depending on the relative magnitudes of the shifts in supply and demand, and the equilibrium quantity will increase.
Demand increases and supply is constant: The equilibrium price will rise, and the equilibrium quantity will increase.
Supply increases and demand decreases: The equilibrium price will fall, but whether the equilibrium quantity rises, falls, or remains unchanged depends on the magnitudes of the shifts in supply and demand.
Demand increases and supply decreases: The equilibrium price will rise, but the change in the equilibrium quantity depends on the relative shifts in the curves.
Demand decreases and supply decreases: The equilibrium price could go either way depending on which effect dominates; the equilibrium quantity will fall.
Brenda is the CEO of a large corporation. While presenting a proposal to a commercial bank for a corporate loan, she offered the bank's commercial loan manager a $10,000 "gift" for favorable treatment. Is Brenda guilty of bribery?
A. Brenda is guilty of bribery because she is dealing with a commercial bank in the normal course of business.
B. Brenda is guilty of bribery whether the manager accepts or not because the offer constitutes the crime.
C. Brenda is not guilty of bribery.
D. Brenda is guilty of bribery only if the manager accepts because the crime has not occurred without acceptance by the other party.
Answer: Brenda is not guilty of bribery.
Explanation: Bribery refers to the offering, giving, soliciting, or receiving of any item of value as a means of influencing the actions of a government official or legal office holders. Bribery, the act of promising, giving, receiving, or agreeing to receive money or some other item of value with the corrupt aim of influencing a public official in the discharge of his official duties.
You are taking a crash course in e-business in order to compete for a plum job opening in the field. However, you missed the class on popular B2B e-business tools and asked a friend to give you her notes. What points were made during the session?
Question Continuation
a. Intranets are accessible through the firm's Web site by external customers, suppliers, or other authorized users.
b. Extranets help companies share information among employees.
c. Private exchanges offer the ability to collaborate on projects and share information.
d. Private exchanges are used in an arrangement sometimes called proprietary business.
Answer:
Private exchanges offer the ability to collaborate on projects and share information
Explanation:
A crash course is a course taken with a short interval in a specific or particular subject. While the crash course is on, it is expected that one would be the basics, facts or skills relating to that job.
The B2B, also referred to as Business to Business platform or e-biz involved the online – through an online sales portal – sale of products and services between companies.
It deals with the exchange of products, services or information between businesses, rather than between businesses and consumers.
The B2B tools allows the ability to work in group on projects and it allows easy platform to share information between members of the group.
Answer:
Private exchanges offer the ability to collaborate on projects and share information
Explanation:
B2B e-business means business to business electronic commerce or business, which involves the sales of good through the internet or online method. This usually involves the use of electronic business tools like website, social medial and probably a CRM system, i.e customer relationship management system.
In an e-business class or course, private exchange will be mentioned. A Private Exchange means an ad exchange auction held by a single publisher for a select group of advertisers .And it is always owned and operated by a single company.
In this case, private exchanges gives the owner ability to collaborate and share information especially to the target people.
Andrew initially worked with a travel website for few months and then became self-employed by starting a martial arts school, where he taught karate to teenagers. After an year, he closed the school and joined an advertising firm. After two years, he quit the advertising firm and became self-employed as a freelance music composer. Which of the following terms indicates the changes in Andrew's employment structure?A. Volatility.
B. Adverse possession.
C. Bootstrapping.
D. Easement.
E. None of the above.
Answer:
Volatility
Explanation:
Volatility can be defined as instability and is characterized by a long-term pattern of unstable movements
In the scenario, Andrew has been highly unstable in his job patterns
Andrew initially worked with a travel website for few months and then became self-employed by starting a martial arts school, where he taught karate to teenagers.
Secondly, After an year, he closed the school and joined an advertising firm.
Thirdly, After two years, he quit the advertising firm and became self-employed as a freelance music composer.
Then the only term that indicates the changes in Andrew's employment structure is Volatility.
Your boss never gives you the benefit of the doubt. When you arrived late from lunch, he assumed that you had simply taken too much time. He never considered that the elevators were not working that day and the fact that you had to walk up 10 flights of stairs. Your boss is guilty of ________.a. self-serving bias.b. selective perception.c. fundamental attribution error.d. inconsistency.e. stereotyping.
Answer:
The correct answer is C
Explanation:
Fundamental attribution error, also recognize or stated as the attribution effect or the correspondence bias, which is defined as the tendency of the people to under emphasize the situational explanations for the observed behavior of the individual when over emphasing the personality grounded explanations for their behavior.
Under this situation, the boss provide the benefit of the doubt on his employee while not considering the situational explanations of the employee. So, in this situation, the boss is guilty of the error which is fundamental attribution.
The behaviour of Boss is
C. Fundamental attribution error
The boss is not realising that elevator can be in a non working condition and simply is assuming that the employee have arrived late from lunch and is spending more time on lunch then on work while it should have been the other way.
Fundamental Attribution ErrorThe fundamental attribution error is a social psychology state that some people have. This type of behavior can be difficult for the people around such a person to bear as explained in the scenario that Boss has made a perception and does not consider any other perspective.
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Gammy Corporation provides services with a normal price of $800,000 and a trade discount of $100,000. Terms are 2/10, n/30 and the customers pay within 10 days. The net service revenue is:______.
Answer:
The net service revenue amounts to $686,000
Explanation:
The formula to compute the net service revenue is as:
Net Service Revenue = (Price - Trade discount) - Discount of 2%
where
Price is $800,000
Trade discount is $100,000
And the discount of 2%
Therefore,
NSR = ($800,000 - $100,000) -Discount of 2%
= $700,000 - 2% 0f $700,000
= $700,000 - $14,000
= $686,000
NOTE: The customer paid within 10 days so the customer is allowed for 2% discount on the amount.
Suppose that a country experiences growth strongly biased toward its export, cloth, Group of answer choices this will tend to improve the country's terms of trade. this will tend to worsen the terms of trade for the country's trading partner. this will tend to worsen the country's terms of trade. this will increase the price of cloth relative to the imported good. this will tend to leave the country's terms of trade unchanged.
Answer:
this will tend to worsen the country's terms of trade.
Explanation:
We can imagine a country C whose main export is cloth. Currently country C is gaining from its trade because its opportunity cost of producing cloth is very low.
Since the country's economy is growing strongly because its cloth exports re growing, this will appreciate the country's currency. As the country's currency appreciates, is domestic cost of producing cloth will get closer to the world price of cloth.
This will result in an increase in the cost of exports and a decrease in the price of imports, which will end up hurting the country's economy and it will weaken its trade position.
Something similar happens to countries that rely heavily on exporting commodities. The country's economy grows, but the other industries suffer and eventually the cost of producing commodities increases, and the benefits gained from exports decrease. E.g. during several years Argentina's economy grew strongly solely based on exporting agricultural products. Soon inflation started to rise and the costs of producing agricultural products increased, lowering the gains of trade. Since the rest of the economy relied on the benefits generated by exporting soybean oil, corn and other byproducts, when those benefits decreased, the whole economy collapsed. It was like a giant exporting bubble.
Growth biased toward a country's cloth export can lead to improved terms of trade if international demand increases sufficiently due to the cheaper export prices. The correct answer is E. This will tend to leave the country's terms of trade unchanged.
When a country experiences growth strongly biased toward its export, in this case, cloth, several outcomes are possible in terms of international trade dynamics and terms of trade effects. If the improvement in the country's cloth production leads to a significant price drop, the demand in the international market may increase, resulting in a rise of the country's terms of trade, which is the price of its exports relative to imports.
Should the demand increase in greater proportion to the decrease in price, the country may see a more favorable balance as it earns more from cloth exports, raising domestic prices, including cloth. Conversely, if the demand does not increase proportionally with the cheapening of cloth, the country might face a deficit in its balance of trade, leading to money outflow and reduced prices, including that of cloth.
Therefore, if the country's growth in cloth production leads to an improvement in its terms of trade, this would imply that exports are more valuable relative to imports, allowing the country to purchase more imported goods for a given amount of exports. Whether or not the trade terms for the country's trading partner worsen depends on the relative changes in mutual demand and price ratios.
Ultimately, focusing on export growth can lead to improved terms of trade for the exporting country if the global demand rises sufficiently in response to lower export prices. It could also cause a rise in the price of cloth relative to the imported good or leave the terms of trade unchanged if there is no significant change in the demand.
Question:
"Suppose that a country experiences growth strongly biased toward its exports, specifically cloth. Which of the following statements is most likely true?
This will tend to improve the country's terms of trade.
This will tend to worsen the terms of trade for the country's trading partner.
This will tend to worsen the country's terms of trade.
This will increase the price of cloth relative to the imported good.
This will tend to leave the country's terms of trade unchanged."
When maria comes home from work, she finds that her yard has been mowed and trimmed. an hour later, a man comes to her door to collect payment for the yard work. maria refuses to pay him because she has never seen him before nor had she hired him to do the work. which of the following is accurate?
a. this is an implied, unilateral contract, so she must pay.
b. maria has received unjust enrichment so a quasi contract is formed, so she must pay.
c. the court would make maria pay the reasonable cost of the work to be fair to both parties.
d. maria would not have to pay anything.
Answer:
d. maria would not have to pay anything.
Explanation:
In this scenario Maria did not form a contract with the man to cut her lawn and had not even met him before. So there is no contract formed voluntarily, neither is it an implied contract.
Maria was enriched in this process because she will benefit from the cutting of the lawn. She was however not unjustly enriched because the man was not unduly influenced to carry out the task.
Maria can however pay the man after the fact at her discretion.
"The correct option is b. Maria has received unjust enrichment so a quasi contract is formed, so she must pay.
In this scenario, Maria has received a benefit (the mowing and trimming of her yard) without having a formal contract with the person who performed the service. This situation can lead to a legal principle known as ""unjust enrichment,"" where one party unduly benefits at the expense of another.
Here are the reasons why each option is or is not accurate:
a. This is not an implied, unilateral contract. An implied contract would require both parties to have a mutual understanding that services provided would result in payment. Since Maria did not request or agree to the services, there is no contract, implied or otherwise.
b. Unjust enrichment occurs when one party receives a benefit from another and it would be unjust for the party receiving the benefit to retain it without paying for it. In this case, Maria received the benefit of having her yard mowed and trimmed. A quasi contract, also known as a constructive contract, can be imposed by law to prevent unjust enrichment. Therefore, Maria would be required to pay the reasonable value of the services rendered to her property.
c. While it is true that courts aim for fairness, the specific remedy mentioned in this option is not typically how the law addresses such situations. Courts do not arbitrarily decide that one party must pay the other; rather, they apply legal principles such as unjust enrichment and quasi contracts to resolve disputes.
d. This option is incorrect because, under the principle of unjust enrichment, Maria would indeed have to pay something. The law does not allow a person to benefit from the labor of others without compensating them for the reasonable value of the work performed, especially when the recipient of the benefit had the opportunity to reject the services before or during the performance and did not do so.
In conclusion, the most accurate statement is that Maria has received unjust enrichment, and a quasi contract would be formed to require her to pay for the services provided. The amount she would have to pay would be the reasonable value of the yard work, which could be determined by the market rate for such services in her area."
A cause-effect chart: A. Identifies potential causes for specific problems B. Shows the prevalence of the various types of defects that have been found C. Is not useful when first studying a quality problem D. Has both upper and lower specification limit
Answer:
C. Is not useful when first studying a quality problem
Explanation:
The cause and effect is a tool that helps you identify display and sort all possible cause and effect relationships for a specif problem or quality characteristics and graphically illustrates this relationship between the outcomes of the factors.Firms will hire additional workers as long as the nominal wage: A. is less than the marginal product of labor. B. equals the marginal product of labor. C. is greater than the marginal product of labor. D. is less than the value of the marginal product of labor.
Answer:
D) is less than the value of the marginal product of labor.
Explanation:
As an economic principle, firms will maximize their profits when the marginal revenue they receive for selling a good or service equals the marginal costs of producing and selling that good or service.
The marginal product of labor equals the change in total output gained from adding one extra unit of labor. It basically measures how much value is added by each additional unit of labor. So a firm will hire additional workers as long as the revenue generated from their work is higher than their wage.
Oriole Company sold $122000 of goods and accepted the customer's $122000 8%, 1-year note receivable in exchange. Assuming 9% approximates the market rate of return, what would be the debit in this journal entry to record the sale
The debit to record the sale of goods by Oriole Company in exchange for an 8%, 1-year note receivable should be the present value of the receipt, calculated by discounting the future cash flow by the 9% market interest rate.
When recording the sale of goods in exchange for a note receivable, the amount recognized at the time of the sale should be the present value of the note, not the face value, when the interest rate on the note is different from the market rate. Since the market rate of return is 9% and the note has an 8% interest rate, the present value of the $122,000 note receivable would be lower than its face value. To determine the debit to record the sale, you would use present value calculations based on the market interest rate.
To calculate the present value, you would discount the future cash flow of $122,000 (the principal plus interest due in one year) at the market interest rate of 9%. However, since the exact present value was not provided, we cannot give a specific debit amount without performing the calculation.
The debit in this journal entry to record the sale would be $122,000.
When a company sells goods on credit and accepts a note receivable, the transaction is recorded at the face value of the note, which is the amount of cash the company expects to receive in the future. In this case, Oriole Company sold goods for $122,000 and accepted a note receivable for the same amount. Therefore, the company would debit Cash or Sales for $122,000 to reflect the revenue earned from the sale.
The note receivable is recorded at its face value because it is expected to be collected in one year, and the market rate of interest (9%) is not used to adjust the value of the note at the time of the sale. The market rate of interest is only relevant for determining the present value of the note if it were to be discounted, which is not the case here since the note is accepted at face value.
The journal entry to record the sale would be:
Debit: Cash or Sales $122,000
Credit: Notes Receivable $122,000
This entry reflects the increase in sales revenue and the corresponding increase in the notes receivable account. The interest that will be earned on the note (at 8% for 1 year) will be recorded separately when the interest is actually received or accrued, not at the time of the initial sale transaction.
A technological advance would best be represented by: A shift outward of the production-possibilities curve. A shift inward of the production-possibilities curve. A movement from inside the production-possibilities curve to a point on the production-possibilities curve. A movement from the production-possibilities curve to a point inside the production-possibilities curve.
Answer:
Option A-A shift outward of the production-possibilities curve.
Explanation:
The reason is that the technological advancement brings increased productivity and higher growths prospects of the products. When Henry Ford used the taylorism framework in assembling of its automobiles the result was greater efficiencies which helped him to decrease the costs significantly and increase its production by sufficient amount. This means higher the technological advances the higher are the efficiencies and if the higher are the efficiencies the higher are the productions. So the production possibility curve will move outward which shows that there are higher chances that the production will increase.
A technological advance is best represented by a shift outward of the production-possibilities curve.
Explanation:A technological advance would best be represented by a shift outward of the production-possibilities curve. This represents an increase in the potential output of an economy due to new technology or processes. When there is a technological advance, the production-possibilities curve shifts outward because more goods and services can now be produced.
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If the Federal Reserve tightens the money supply, other things held constant, short term interest rates will be pushed upward, and this increase probably will be greater than the increase in rates in the long term market T/F
Answer:
True
Explanation:
When the Fed tightens the money supply, it is carrying out a contractionary monetary policy. This is generally done to fight high inflation rates and basically what happens is that the Fed increases the interest rates and starts selling more securities so that it can absorb more money, therefore reducing total money supply.
n class, we looked at the case of Best Buy, where 20% of their customers generate a significant amount of profits by purchasing high margin items without bothering to use rebates. According to the lecture, what type of segmentation base is this?
Usage Rate Segmentation
Answer:
Angels
Explanation:
n class, we looked at the case of Best Buy, where 20% of their customers generate a significant amount of profits by purchasing high margin items without bothering to use rebates. According to the lecture, the type of segmentation base used is Angels.
Angels and Devils Best Buy is a New Customer Approach which clearly defines who current and potential customers are. A group of customers is identified so that it could be divided into different segments based on their motivations, traits and characteristics.
It is based on traits and characteristics that we are told in the scenario that ''20% of their customers generate a significant amount of profits by purchasing high margin items without bothering to use rebates.''
Answer:
D) Usage Rate Segmentation
Explanation:
Usage rate segmentation refers to a segmentation method that divides customers based on how much they purchase or spend on a product or service. Customers are divided into:
non-users and light product usersmedium product usersheavy product users: following the Pareto principle, 20% of your customers will represent 80% of your total sales revenue. This principle applies to most industries and in this case, it also applies to Best Buy.James Krieg has finished law school but has unsuccessfully taken the bar exam twice. Krieg is running low on patience and cash. He has begun writing wills to see him through this time of crisis and is charging $200 per will. Some of his will clients have refused to pay Krieg, and he wishes to take them to a small claims court. Which of the following statements is true?
a. Krieg could recover the fees since the licensing after the bar exam is simply to raise funds.
b. Krieg's agreements are void.c. Krieg could recover the fees on a quasi-contract theory.
d. Krieg's agreements are voidable.
Answer:
B. Krieg's agreements are void
Explanation:
The bar examination, is the examination that is administered by a jurisdiction's bar association that a lawyer needs to pass before being admitted to the bar of that jurisdiction.
It is the Examination that Lawyers need to pass before they can be given license to practice law in a jurisdiction.
Since Kreig is yet to write his Bar Examination successfully, whatever documents he writes and signs as a Lawyer is void, because,he doesn't have the right to practice law in his Jurisdiction yet.
All of the following are the interrelated components of a feasibility analysis EXCEPT: 1. Industry and market feasibility analysis 2. Make or buy feasibility analysis 3. Product or service feasibility analysis 4. Financial feasibility analysis
Answer:
Make or buy feasibility analysis
Explanation:
There is no concept such as Make or buy feasibility analysis
What exists are:
market feasibility which is all about how the real world market will be reacting towards a particular product or service.
Financial feasibility focuses specifically on the financial aspects of the study. It assesses the economical viability of a proposed venture by evaluating the startup costs, operating expenses, cash flow and making a forecast of future performance.
Product feasibility which has to do with product development
Answer:
Make or buy feasibility analysis ( 2 )
Explanation:
Feasibility analysis is a process of determining if a business idea is going to profitable/viable and the components of feasibility analysis include: industry and market feasibility analysis, organizational feasibility, product/service feasibility analysis and financial feasibility analysis.
The Make or buy feasibility analysis is not a component of a feasibility analysis it can rather be classified under the financial feasibility analysis which is concerned with how profitable a financial decision to be made in a business venture would affect the profitability of the business usually in the long term of the business. other components of the feasibility play different vital roles on how a business would turn out in the long and short term basis.
On July 22, Peter sold $15,500 of inventory items on credit with the terms 2/15, net 30. Payment on $10,000 sales was received on August 1 and the remaining payment was received on August 12. Assuming Peter uses the gross method of accounting for sales discounts, which one of the following entries was made on August 1 to record the cash received?
a. Cash 9,800
Sales Discount 200
Accounts Receivable 10,000
b. Cash 10,000
Accounts Receivable 10,000
c. Cash 9,800
Accounts Receivable 9,800
d. Accounts Receivable 200
Sales Discount Forfeited 200
Answer:
b. Cash 10,000
Accounts Receivable 10,000
Explanation:
In gross method of accounting the transactions are recorded by gross amount rather value net of discount. This method assumes that customer will not take any early payment discount.
Under gross method of accounting the cash will be debited by the whole amount paid on August 1, even the payment is made in discount period and account receivable will be credited by the $10,000.
Answer:
A)
Dr Cash 9,800
Dr Sales Discount 200
Cr Accounts Receivable 10,000
Explanation:
The gross method records the invoice at full price (accounts receivable $15,500) and if any discounts are made, the sales discount account is used.
July 22, merchandise sold terms 2/15, net 30
Dr Accounts receivable 15,500
Cr Sales revenue 15,500
August 1, partial payment collected
Dr Cash 9,800
Dr Sales discount 200
Cr Accounts receivable 10,000
August 12, invoice paid at full
Dr Cash 5,500
Cr Accounts receivable 5,500
*Sales discount is a contra revenue account.
Goodwill recovery differs between GAAP and tax rules in that GAAP requires corporations to (amortize/impair) goodwill whereas tax law requires corporations to (amortize/impair) goodwill. True or false?
Answer:
Impair and Amortize respectively.
Explanation:
Goodwill is the excess of purchase price over the fair market value of a company’s net assets.
A challenge of goodwill accounting is that it's treated differently under tax accounting and another under GAAP accounting.
Any goodwill created in an acquisition structured as an asset sales is tax deductible and amortizable over 15 years along with other intangible assets that fall under IRC section 197.
Under GAAP accounting, goodwill is not amortized but rather tested annually for impairment regardless of whether the acquisition is an asset/338 or stock sale.
Under IFRS the test for asset impairment is to compare the carrying value of the asset to its recoverable amount. Which of the following is the recoverable amount according to IFRS?
A. The greater of future undiscounted cash flows or future discounted cash flows.
B. The greater of future discounted cash flows or fair value.
C. The greater of fair value less cost to sell or value in use.
D. The greater of fair value or value in use.
Answer:
Option C. The greater of fair value less cost to sell or value in use.
Explanation:
The IAS 36 Impairment of Assets says that the impairment must be recognised if the recoverable amount is greater than the cost of the asset and also tells about what actually the recoverable amount actually is.
Recoverable Amount is greater of:
Fair Value less Cost to Sellor
Value in use.So the option C is the correct option.
Pagent, a company that manufactures watches, introduces a new range of watches with a safety application programmed into it. This application is designed especially for women and helps them alert people in case of danger. In the context of innovation streams, which of the following concepts does this scenario best illustrate?A) A technological discontinuity
B) Technological lockout
C) Technological singularity
D) A technological barrier
Answer:
A. Technological discontinuity
Explanation:
Technological discontinuity is the process whereby new technologies has technical limits and economic relevance that are greater than those of the old technologies. Whenever there's technological discontinuity, it brings a new range of technological development.
When goods are produced privately, but the cost of their purchase is paid for by the taxpayer or some other third party, a. consumers have a strong incentive to search out those firms offering them the best deal. b. private producers of such goods will have little incentive to control costs and provide them at low prices. c. goods and services will only be supplied if consumers are willing to pay an amount sufficient to cover their production costs. d. the invisible hand will direct consumers and producers toward an efficient level of output.
Answer:
b. private producers of such goods will have little incentive to control costs and provide them at low prices
Explanation:
Externality is a situation where the production activities of market participants (either producers or consumers) have an effect on third parties not involved in production.
Externality is a form of market inefficiency.
Negative externality is when goods are produced privately, but the cost of their purchase is paid for by the taxpayer or some other third party.
When negative externality occurs, producers have little incentive to reduce cost because they don't bear the total brunt of their activities. This is why activities that generate negative externality are over produced.
Government needs to step in to control this problem. They can either impose tax on producers or regulate their activities.
Pollution is an example of negative externality.
I hope my answer helps you
NTL is the largest cable company in the United Kingdom. The company has recently declared bankruptcy and needs to engage in restructuring in order to give it more flexibility and allow it to raise capital. Since it has identified the need for strategic change, what would be the organization's next step in this strategy-making process?
a. finding the optimal strategic solution
b. brainstorming
c. conducting focus groups
d. assessing the need for strategic change
e. conducting a situation analysis
Answer:
e.
Explanation:
Based on the information provided within the question it can be said that the next logical step for the company would be conducting a situation analysis. This is a complete analysis of the company's internal and external factories including the business's customers and potential clients, target market, their resources and capabilities, and the effect of the business environment on the business.
Skyrim Corp. lacks the capital and capacity to launch its new helicopter for full national and international distribution. If the test market results look promising, what should be management's next step?
A) retest the product in additional markets
B) develop a planned market rollout over time
C) liquidate its assets to gain capital and capacity
D) seek the help of a nationally known consultant
E) develop a prototype
Answer:
B) develop a planned market rollout over time.
Explanation:
Since Skyrim corp has limited resources to launch its new helicopter for national and international distribution, the best option will be to develop a planned rollout that will be implemented at different times in the future.
For example they can start locally to distribute their helicopters. Then as capital and capacity increases they can go statewide, regional, and then national.
A timetable for planned expansion should be set up. For example achievement of national distribution in one year.