Answer:
The FIRST STEP of the procure-to-pay cycle is ordering;
Explanation:
The procure to pay cycle is the set of activities required to follow through a buying process in a company, it includes identifying the need, looking for and assigning a vendor, approving the vendor's specifications, receiving the supplies and finally paying the money owed to the vendor. This process consists of five steps:
ordering follow up and expediting receipt and inspection settlement and payment records maintenanceEvery customer that exited the store was subjected to close scrutiny of their shopping cart and receipt by a highly trained inspector. This activity would be represented on a process map with which symbol?
Answer:
O
Explanation:
To record on a map the activity of every customer that exited the store, who was subjected to close scrutiny of their shopping cart and receipt by a highly trained inspector, the symbol to use in this scenario is ○.
Cheers
An individual buys stock at $40 per share. Many years later, the individual dies when the market value is $60. The estate distributes the shares to a beneficiary when the stock is worth $70. What is the cost basis to the beneficiary
Answer:
$60
Explanation:
An individual buys stock at $40 per share. Many years later, the individual dies when the market value is $60. The estate distributes the shares to a beneficiary when the stock is worth $70. Therefore the cost basis to the beneficiary is
The cost basis by definition is usually equal to the fair market value of the property or asset at the time of the decedent's death or when the actual transfer of assets was made.
However for the purpose to be served to reduce the tax due on the inheritance, we have chosen to opt for the fair market value of the property or asset at the time of the decedent's death which is $60
A country with a very low per capita GDP can have a very high growth rate because mathematically, when the________ is________, even a small difference in the________will result in a large growth rate.
Answer:
Denominator
Lower
Numerator
Explanation:
The reason is that the statement is talking about the low per capita GDP which we can see in the picture attached with this answer.
We can see that if the denominator is lower which means that either population decreases or remains constant when the GDP has increased then the the growth in the per capita GDP will be higher because minute increases in the GDP will increase the answer with significant percentages.
Answer:
A country with a very low per capita GDP can have a very high growth rate because mathematically, when the DENOMINATOR is VERY LOW, even a small difference in the NUMERATOR will result in a large growth rate.
Explanation:
The reason why poor countries tend to grow at much higher rate than rich countries is fairly simple to explain, a small increase in absolute revenue will result in a large percent increase. On the other hand, rich countries need really large increases in revenue in order to get a small percent increase.
For example, in 2018 the GDP per capita in the US is $62,641, a $1,000 increase would result in only a 1.6% increase.
On the other hand, in 2018 the GDP per capita in China is $10,200, a $1,000 increase would result in a 9.8% increase.
in 2018 the GDP per capita in Africa (the whole continent) is $4,097.85, a $1,000 increase would result in a 24.4% increase.
In order to get a 24.4% increase in the American GDP per capita, an increase of $19,781.37 would be needed. China's economic indicators are showing this, before t grew by more than 10% per year, now it is growing below 7%, and soon it will be growing at around 5%. It is not possible to keep growing at extremely high rates forever.
The strategic options for expansion into foreign markets include all of the following except Multiple Choice creating products and services that are not subject to tariffs and local regulations. maintaining a national (one-country) production base and exporting goods to foreign markets. licensing foreign firms to produce and distribute one's products. employing a franchising strategy. establishing a subsidiary in a foreign market.
Answer: All choices are correct
Explanation:
The strategic options for expansion into foreign markets include
•Employing a franchising strategy would create room for expansion into foreign markets as most brands in the country will have their presence in other countries thereby creating a market presence and increasing revenue.
•Maintaining a national (one-country) production base and exporting goods to foreign markets. They emphasis on manufacturing and exporting cannot be overemphasized enough as it boosts a countries economy.
•licensing foreign firms to produce and distribute one's products. This gives foreign firms the ability to strengthen the nation's economy
•Establishing a subsidiary in a foreign market, making various branches in the foreign market will help the country gain relevance in the foreign market.
Creating products and services that are not subject to tariffs and local regulations is not a typical strategic option for expanding into foreign markets; realistic options include exporting, licensing, franchising, and establishing subsidiaries.
Explanation:The strategic options for expansion into foreign markets include all of the following except creating products and services that are not subject to tariffs and local regulations. This statement does not represent a common or viable strategy for market expansion since it is unrealistic to expect products and services to be completely exempt from such restrictions. On the other hand, valid strategic options for entering foreign markets include maintaining a national production base and exporting goods, licensing production to foreign firms, franchising, and establishing a subsidiary in the foreign market. Each strategy has its benefits and compromises, such as competitive advantages through specialization, facing tariffs and standards that can impact pricing and production, and deciding between a free trade association, common market, or economic union basis for international trade.
Two cars got an oil change at the same auto shop. The shop charges customers for each quart of oil plus a flat fee for labor. The oil change for one car required 5 quarts of oil and cost $23.40. The oil change for the other car required 7 quarts of oil and cost $26.90. How much is the labor fee and how much is each quart of oil
Answer: Oil quart = $1.75 each and Labor fee = $14.65
Explanation:
First Car
5 oil quarts plus flat fee for labor = 23.40
Second Car
7 oil quarts plus flat fee for labor = 26.90
Labor is fixed which means the cost of labor for servicing the first car is equal to the cost of labor for servicing the second car. Hypothetically speaking if we used the same number of oil quarts in both cars, the cost of servicing each car would be the same. The cost would be equal to $23.40, but now 2 more oil quarts were used in servicing the second car and costs rose to $26.90.
We know that labor is fixed therefore the change in total costs from $23.40 to $26.90 is caused by the extra two more oil quarts used in the second car. Therefore this means that the cost of 2 oil quarts is $3.50 (26.90 - 23.40) which tells us that 1 quarter of oil is equal to $1.75 ($3.5/ 2).
Cost servicing First Car
total cost of oil = 5 oil quarts x 1.75 = $8.75
Labor fee = 23.40 - 8.75 = $14.65
Cost of servicing the Second car
total cost of oil = 7 oil quarts x 1.75 = $12.25
Labor fee = 26.90 - 12.25 = $14.65
Oil quart = $1.75 each and Labor fee = $14.65
You purchased a share of stock for $29. One year later you received $2.40 as dividend and sold the share for $28. Your holding-period return was _________.
Answer:
4.83%
Explanation:
Given that
Income = 28
End of period value = 2.40
Original value = 29
Recall that
HPR = ((Income + (end of period value - original value)) / original value) × 100
Therefore,
HPR = 28 + (2.40 - 29)/29 × 100
= (28 + ( - 26.6) / 29) × 100
= (1.4 / 29) × 100
= 0.04827 × 100
= 4. 83%
Answer:
4.83%
Explanation:
Given that
Income = 28
End of period value = 2.40
Original value = 29
Holding period return is calculated as Income + (end of period value - original value)) ÷ original value) × 100
Hence to calculate the Holding period value
= 28 + (2.40 - 29)/29 × 100
= (28 + ( - 26.6) / 29) × 100
= (1.4 / 29) × 100
= 0.04827 × 100
= 4. 83%
If your bank pays you an interest rate of 6% and the inflation rate is 2% then your real rate of return is 8%.
Answer:
Real rate of return= 4%
Explanation:
Giving the following information:
If your bank pays you an interest rate of 6% and the inflation rate is 2% then your real rate of return is 8%.
False, the inflation rate decreases the value of money over time. Therefore, the inflation rate rests value to the interest rate.
Real rate of return= 0.06 - 0.02= 0,04= 4%
You have won a contest and are allowed to choose between two prizes. One option is to receive$200 today and another $200 one year from now. The second option is $100 today and anadditional $325 one year from now. At what interest rate (if any) is the present value of the twoprizes identical?A) 0 percentB) 5 percentC) 25 percentD)10 percentE) none of the above
Answer:C) 25 percent
Explanation:
option A
$200 now and another $200 one year from now
The Present value for this option = $200 + $200/(1 + r)
Option 2
$100 now and $325 one year from now
The Present Value for this option = $100 + $325/(1 + r)
The question requires us to find an interest rate that will make the two prizes must be identical which means an interest that will make the present value of option A to be equal to the present value of option B
We therefore EQUATE present value formula for option A with present Value equation of option be and solve for variable " r "
$200 + $200/(1 + r) = $100 + $325/(1 + r)
100 + 325(1+r) = 200 + 200/(1 + r)
325/(1+r) = 200 + 200/(1+r) - 100 = 100 + 200/(1 + r)
325/(1 + r) = 100 + 200/(1 + r)
325/(1 + r ) = 100 x (1 + r)/(1 + r) + 200/(1+ r)
325/(1 + r) = (100 x (1 + r) + 200)/(1 + r)
cross multiply
(100 x (1 + r) + 200) x (1 + r) = 325 x (1 + r)
100(1+r)^2 + 200(1 + r) = 325(1 + r)
dividing the entire equation by (1 + r) we get
100(1 + r) + 200 = 325
100(1 + r) = 325 - 200 = 125
1 + r = 125/100 = 1.25
r = 1.25 - 1 = 0.25
R = 25%
Under the UCC, when the goods are in transit, if the seller or lessor learns that the buyer or lessee is insolvent, the seller or lessor can _______. Group of answer choices stop the carrier or bailee from delivering the goods not pay for the goods when they arrive seek a discount, since the seller is already in need of money and he or she will have to offer a lower price return the goods because doing business with an insolvent company does not look good to other businesses
Answer:
stop the carrier or bailee from delivering the goods.
Explanation:
Under section § 2-705 of the UCC the seller has the right to stop delivery of goods that is in the possession of the bailee or carrier if he discovers the seller is insolvent and unable to pay for the goods.
He may stop the delivery of planeload, carload, truckload or large freight until the buyer makes payment before delivery.
If the goods are already with the buyer he has 10 days to return the goods or make payment for them.
what is a(n) economic model?
Explanation:
It is an simplified version which makes us to understand and observe the "economic behavior"
It purely uses mathematical concepts and simplify the information and show only important or highlighting information.
You can alternatively use "economic theory" instead of "economic model"
A good economic model, will make the user to understand the complex information with the help of key pointers.
There are 2 broad classification of Economic model:
1. Theoretical
2. Empirical.
The commonly used economic model is the classic model, which constitutes of "The law of demand and the law of supply"
Final answer:
An economic model is a theoretical framework that simplifies and represents complex economic activities to help understand and predict economic outcomes utilizing variables and their quantitative relationships.
Explanation:
Economic Models Explained
An economic model is a simplified, theoretical representation of economic processes. These models are constructed using variables and their relationships to illustrate complex aspects of the economy. They often utilize mathematical tools to analyze and fit theories to economic scenarios with the goal of making predictions and explaining economic phenomena. In essence, they provide a framework to help economists and policymakers understand how different factors in an economy interact with each other.
Economists reason with models by removing non-essential details, thereby creating a clearer view of economic relationships and outcomes. Economic models may take various forms, including graphical illustrations such as supply and demand curves, or mathematical equations. While these models are based on assumptions that do not perfectly reflect reality, they are crucial for breaking down complex economic activities into more manageable and understandable components.
As tools for simplification, economic models are not without limitations. They cannot account for every aspect of economic behavior or every individual interaction. However, they serve an invaluable purpose by highlighting essential trends and patterns that enable better decision-making and forecasting in the realm of economics.
Online sales increase ________ when compared to the performance of traditional brick and mortar retail stores. outbound transportation costs the inventory holding cost the cost of building and maintaining facilities in a supply chain network overall supply chain costs
Online sales increase outbound transportation costs when compared to the performance of traditional brick and mortar retail stores.
Explanation:The cost that is associated with all the activities of making the transport of goods and services from the point where it is manufactured to the point where it is consumed. There are two types of cost associated with the transportation of goods and services such as Inbound and outbound transportation costs.
Inbound transportation cost refers to the cost associated with the transport of goods and services into the location where the production takes place. It may be raw materials or any thing. The outbound transportation cost is associated with the cost that is incurred for transportation of goods and services outside the business location. It may be delivery of any finished goods. Thus, online sales increases the outbound transportation costs when compared to the performance of traditional brick and mortar retail stores.
In the product imitator strategy, the order winner is _______ for the customer; whereas, in the product innovator strategy, the order winner is _________:
Answer:
price, flexibility
Explanation:
Order winner refers to those product characteristics or traits that would induce the customer to purchase the product.
Under the product imitator strategy, a successful brand's products are imitated via similar attributes or via packaging and labeling.
In case Product Imitator Strategy is followed, the order winner from the perspective of the buyer is the price which means if buyer gets similar variant of a highly successful product, lower price would induce a purchase.
Similarly, in case of product innovator strategy, wherein by creativity and innovation a new unique product is created, the order winner is flexibility with respect to resource availability and deployment.
Final answer:
In a product imitator strategy, the order winner is price, while in a product innovator strategy, it is innovation. Imitators compete on cost, whereas innovators focus on creating unique, cutting-edge products.
Explanation:
In the product imitator strategy, the order winner is often price for the customer; whereas, in the product innovator strategy, the order winner is innovation. The imitator strategy focuses on entering markets with products that are similar to the existing offerings but at a lower cost, making price the key competitive advantage. On the other hand, the innovator strategy relies on developing new and unique products, which lures customers through novelty and advanced features, positioning innovation as the primary factor for winning orders.
A datacenter recently experienced a breach. When access was gained, an RF device was used to access an air-gapped and locked server rack. Which of the following would BEST prevent this type of attack?
A. Faraday cage
B. Smart cards
C. Infrared detection
D. Alarms
Answer:
a. Faraday cage
Explanation:
Faraday cage -
It refer to as a shield which helps to block any electromagnetic fields , is referred to as faraday cage .
It is also known as Faraday shield .
In a Faraday cage , a mesh or covering conductive material is added to block any electromagnetic field .
Hence , from the given information of the question ,
The correct answer is a. Faraday cage .
Tenants in common vs joint tenants with rights of survivorship
Answer:
When two or more people own community property like a home, either as joint tenants or tenants in common, each individual owns a share (or interest) of the entire property
Explanation:
SIMILARITY
When two or more people own community property like a home, either as joint tenants or tenants in common, each individual owns a share (or interest) of the entire property. This means that specific areas of the property are not owned by one individual, but rather shared as a whole.
DIFFERENCE
1. Ownership Interest : Tenants in common may be created at different times; so an individual may obtain an interest in the property years after the other individuals have entered into a tenancy in common ownership BUT Joint tenants, on the other hand, must obtain equal shares of the property with the same deed at the same time.
2. Right of Survivorship : One of the main differences between the two types of shared ownership is that Joint tenants have right of survivorship and tenants in common do not.
One of the main differences between the two types of shared ownership is what happens to the property when one of the owners dies.
In Joint Tenants the interest of a deceased owner automatically gets transferred to the remaining surviving owners but not the case in tenants in common.
Tenants in common allows individual owners to pass their share through a will or intestacy, while joint tenancy includes a right of survivorship, where the deceased's share automatically passes to the surviving owners.
Differences Between Tenants in Common and Joint Tenants with Rights of Survivorship
When considering property ownership, particularly in real estate, understanding the types of joint ownership is crucial. The terms tenants in common and joint tenants with rights of survivorship refer to different arrangements of co-owning property, and the choice affects how property is transferred upon the death of one of the owners.
Tenants in common is a form of joint property ownership where each party has an undivided share in the property. Upon the death of one tenant, their share does not automatically transfer to the other tenants; instead, it becomes part of their estate and can be bequeathed to their heirs through a will or passed on according to state intestacy laws.
In contrast, joint tenants with rights of survivorship means that the property is owned jointly in equal shares, and upon the death of one joint tenant, the surviving joint tenants automatically inherit the deceased's share. This right of survivorship bypasses the probate process and often trumps provisions in a will or intestacy laws.
Understanding the implications of these two forms of property ownership helps avoid potential disputes, ensures clarity in the transfer of ownership, and helps individuals make informed decisions aligned with their estate planning goals.
Jane and Joseph Sechrist signed a contract to have a swimming pool built in their backyard for $10,000. The salesman for the pool company signed the contract as well on a space marked "Salesperson." Two days after the contract was signed, the salesman called the Sechrists back and asked them to come in and sign a new contract for $11,000 because the vice president had not approved the original price. Jane has checked the contract and discovered that there is no language that requires the approval of anyone other than the salesperson. Jane and Joseph can have their pool built for $10,000 because: a. the salesman had at least apparent authority to bind the pool company. b. of misrepresentation. c. the pool company has ratified the contract. d. the pool company was bound once Jane and Joe signed the contract.
Answer:
A) the salesman had at least apparent authority to bind the pool company.
Explanation:
In this case, the salesperson (or the agent) apparently had the authority to sing a contract representing the pool company. The contract even had a specific place for him to sign.
Apparent authority is defined as a situation where a reasonable person (Jane and Joseph) will believe that the agent (salesperson) has authority to act on behalf of the principal (pool company). If such a situation exists, then the principal is bound by the agent's actions.
Every day, people make decisions about spending that directly influence their quality of life. They make choices about how to earn money, save money, and spend money. Making wise and educated financial decisions improves quality of life, while making hasty and poor financial choices decreases quality of life.
Consider your personal financial situation and your future plans. In one paragraph, explain how your personal financial choices will affect your quality of life both now and in the years to come.
Answer: I have made a change in my financial part to think about having a more stable future.
Explanation:
Right now I am at a point where savings are a priority. A few years ago I was spending a lot of money and did not think long term. Last year I decided to grow financially and tour my life in that regard. Create two sources of savings. I have some savings that are for my future and other savings for travel. I do not take money from my savings for the future, I am prohibited. If an emergency arises, the money will go out of travel savings in case my emergency savings are not enough.
I am thinking long term. I am saving to buy real estate and then change my vehicle. I have two jobs, both where I have the flexibility and don't get overwhelmed. If you had not decided to put aside spending money excessively, you would have had nothing today and surely you could be suffering due to the changes we are currently going through.
Complete the following MRP record and provide the planned order releases for Week 1. Lead time is 2 weeks. Safety stock is 3. Use LFL lot sizes.
Part X Week
1 2 3 4
Gross Requirements 32 16 34 40
Scheduled Receipts 10
Projected On-Hand inventory 46
Planned Order Releases
a. 29
b. 26
c. 14
d. 34
Answer:
The correct answer is "a" = 29
Explanation:
The workings are attached:
hen Target sells winter coats, it sends them to stores at different times of the year. This is an example of ________. Group of answer choices Demographic segmentation Geographic biases Climate segmentation Climate change Lack of winter in the South
Answer:
Climate segmentation
Explanation:
Climate segmentation -
It refers to the practice of focusing a particular weather , in order to sell goods and services according to the respective climate , is referred to as Climate segmentation .
In this method potential people are targeted on the basis of the requirement of goods for a particular weather .
Hence , from the given scenario of the question ,
The correct answer is Climate segmentation .
The most important source of inequality arises from a person's relationship to the means of production." This statement might be heard from a ______.
Answer:
The most important source of inequality arises from a person's relationship to the means of production." This statement might be heard from a Marxist.
Explanation:
According to Marxist theory, means of production are the factors formed by means of work and objects of work - or everything that mediates the relationship between human work and nature, in the process of transforming the nature itself in order to produce something.
According to Marxist theory, the human labor force and the means of production constitute the productive forces, which, together with the relations of production (social and technical). Each mode of production corresponds to a social structure - that is, a way of organizing society - and a certain pattern of relations between members of society. According to Marxist theory, the capitalist mode of production corresponds to a class structure, in which the ownership of the means of production determines the position of the bourgeoisie as the dominant class
Answer:
The correct answer is Marxist.
Explanation:
Marxism is known as the set of ideas, concepts, theses, theories and proposals of a philosophical, ideological, political and economic nature, as well as a certain conception of the world, social and political life, which derives from the work of Karl Marx and Friedrich Engels, and that has a doctrinal character.
Thus, Marxism is a current of thought, a theoretical-explanatory model of human reality that has served as the ideological basis of what is known as historical and dialectical materialism, of communism and of the different types of socialisms.
William won the company contest to devise the most innovative ways to market the company's products. William suggested 40 different ideas, while the runner up proposed only 20. William won because he best exercised his _____ intelligence.
Answer:
creative
Explanation:
Creative intelligence is what we generally call creativity, or the ability to create new things or come up with new ideas. Creative intelligence relies on the imagination of the people, being to able to see something different where everyone else sees the same thing. Creative intelligence is a key characteristic of successful entrepreneurs.
Sarah has recently started a restaurant in a commercial area where there are many other established restaurants and popular fast food chains. Sarah owns the plot on which her restaurant is located and this makes her cost of operations lower than the competitors. This factor allows her to offer her products at a competitive price. Sarah has also invested a huge amount on the interiors of the restaurant and in equipping the kitchen with the latest appliances used by her competitors. In this scenario, which of the following is the most valuable resource for Sarah's business?A. The investments made by Sarah on the restaurant's interiors
B. The latest kitchen equipment that is at par with the restaurant's competitors
C. The restaurant's late entry into the market
D. The land owned by Sarah, which reduces cost of operations
Answer:
(D) The land owned by Sarah, which reduces cost of operations
Explanation:
Owning a land in a commercial area is the most valuable resource for Sarah's business because it saves her from paying the rent and rent always increases per year. And often many businesses operational cost suffer due to rent especially in commercial areas.
Wine and Roses, Inc., offers a bond with a coupon of 8.5 percent with semiannual payments and a yield to maturity of 9.20 percent. The bonds mature in 6 years. What is the market price of a $1,000 face value bond?
The market price of a bond can be found by calculating the present value of its future interest payments, or the coupon, plus the present value of its face value which is returned at the maturity date. The coupon is the bond's face value times the coupon rate. The market price is the sum of these two components.
Explanation:To find out the market price of a bond, we need to calculate its present value. The present value of a bond is calculated as the present value of its future interest payments, or the so-called coupon, plus the present value of its face value which is returned at the maturity date.
The coupon is the annual interest payment and for this bond, it's the face value of the bond times the coupon rate, i.e. $1,000*8.5% = $85. The coupon is paid semiannually, so we divide it by 2 and get $42.50. To get the present value of the total coupons for the life of the bond, we sum the present values of each individual coupon payment over 6*2 = 12 periods (since payments are semiannually), bringing each to present using the yield to maturity (9.2%).
The second part of the bond’s present value is the face value (i.e., $1000) at maturity discounted to present using the yield to maturity. This represents the return of the initial investment at the end of the bond's life.
If we recall that the market price of the bond is the sum of these two components, we can eventually find it. Disclaimer: actual calculations can be very complex depending on the ways interest rates are compounded.
Learn more about Bond pricing here:https://brainly.com/question/28489869
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If a company's after-tax borrowing rate is greater than the company's earning yield when the company repurchases stock with borrowed money, going forward, the earnings per share is most likely to: A. increase. B. decrease. C. remain unchanged.
Answer:
b) Decrease
Explanation:
When a company use borrowed money to repurchase shares, the borrowed money is at a cost, therefore the earnings per share will only increase if the company's earning yield(earnings per share/price per share) is greater than the after-tax cost borrowing rate.
However in the case that the after-tax cost borrowing rate is equal to the company's earning yield, the earnings per share will remain the same, and if the after-tax cost borrowing rate exceeds the company's earning yield, the earnings per share would decrease.
The hotel chain Ritz-Carlton uses the phrase "Ladies and gentlemen taking care of ladies and gentlemen" to demonstrate the company's cultural commitment to take care of both employees and customers. Which of the following is the Ritz-Carlton using to express its corporate culture?a. The company is expressing its key corporate value with a slogan.b. The company is using a ceremonial demonstration of its values.c. The company is conveying the value of its employees with a story.d. The company is illustrating its heroes with strong company values.
The company is expressing its key corporate value with a slogan is the Ritz-Carlton using to express its corporate culture.
Explanation:
The fundamental beliefs about which your organisation and your actions are founded are corporation values, also recognised as corporate values or fundamental values.
They are the concepts that your company uses to control its internal investigations and customer interactions.
Your core values if established must be strong and uncompromising – a guideline instead of a suggestion. They might affect each aspect of your business, from benefits for employees and culture throughout the work environment to marketing techniques and customer support.
TransAm Mail Service purchased equipment for $2,500. TransAm paid $400 in cash and signed a note for the balance. TransAm debited the Equipment account, credited Cash and:________.a. nothing further must be done.
b. credited another asset account for $400.
c. credited a liability account for $2,100.
d. debited the retained earnings account for $2,100.
Answer:
c. credited a liability account for $2,100
Explanation:
The complete journal entry would be:
Account Debit Credit
Equipment $2,500
Cash $400
Accounts Payable $2,100
Accounts payable is a liability account that represents the balance that TransAm Mail Service has not yet paid.
Suppose you are a manager of a factory. You purchase four (4) new machines at one million dollars each. If you can resell two of the machines at $500,000 each and the other two machines at $200,000 each, what are the sunk costs of purchasing the machines
Answer:
$2,600,000
Explanation:
Sunk cost refers to the costs that cannot be recovered by the businesses.
Sunk costs:
= Cost incurred - Cost recoverable
= (4 × $1,000,000) - [(2 × $500,000) + (2 × $200,000)]
= $4,000,000 - ($1,000,000 + $400,000)
= $4,000,000 - $1,400,000
= $2,600,000
Therefore, the sunk costs of purchasing the machines is $2,600,000.
The calculation of GDP does NOT include the value of:________1. Michelin tires purchased by Canadian car collectors. 2. Goodyear tires purchased by the United States Secret Service. 3. Bridgestone tires purchased by Ford Motor Co. 4. Firestone tires sold at your local garage.
Answer:
3. Bridgestone tires purchased by Ford Motor Co
Explanation:
GDP is the total value of the output of a country. It captures the value of all the new products and services produced within the borders of a nation. An increase in GDP signifies growth in the economy.
Economists consider the value of new and finished consumer products only when calculating GDP. Goods and services meant for the production of other goods and services are excluded. If included, it would result in double-counting. Tires bought by the Ford motors are to be used in the production of motor vehicles. They are capital goods. Tires bought by the secret service, the Canadian collectors, and in the garage are for consumption; hence should be included in the GDP.
The value of intermediate goods, such as tires sold at a local garage, is not included when calculating GDP.
Explanation:Gross Domestic Product (GDP) is the total value of all final goods and services produced within a country in a specific period of time, usually a year. When calculating GDP, certain items are excluded. One of these items is the value of intermediate goods, which are goods used in the production of other goods. For example, the value of the iron used in the production of a refrigerator would not be included in GDP. Similarly, tires sold at your local garage are considered intermediate goods and would not be included in GDP.
The Patriot Act requires that telecommunications carriers and manufacturers of telecommunications equipment modify and design their equipment, facilities, and services to ensure that they have built-in surveillance capabilities.1. True2. False
The Patriot Act requires that telecommunications carriers and manufacturers of telecommunications equipment modify and design their equipment, facilities, and services to ensure that they have built-in surveillance capabilities - False
Explanation:The ability of U.S enforcement of laws in the area of terrorism detection is improved with the help of this act called The Patriot Act. This was enacted in 2001. Th main aim of this act is providing the necessary tools for the identification and the elimination of terrorism in U.S.
The constitution is being violated by the section 215 of this act. The main violation is that Fourth Amendment. The main thing that is encapsulated in this amendment is the conduction of a search without having proper warrant or a reason for believing that a particular person has committed that crime.
Burger King licenses its brand name to foreign firms as long as they agree to run their restaurants on exactly the same lines as Burger King restaurants elsewhere in the world. In return, the foreign firms have to pay Burger King a percentage of their profits. This is an example of:______.a. exporting.b. entering a strategic alliance.c. franchising.d. undertaking a greenfield investment.e. offshoring.
Answer: Franchising.
Explanation:
As described in the question Burger King is taking part in franchising where it's company name and some key business information is shared with foreign companies and those company pay a little part of their profit to Burger King in return. Franchising is a business process which occurs when, a very successful/ well known business gives another business the right to use their business name and the known business gets paid a regular percentage of profit in return.
An overall increase in spending by manufacturing businesses is likely to have which effect?
A fewer exports
B greater employment
C lower consumer prices
D increased household saving
Answer:
B. greater employment
Explanation:
"Consumer spending" drives any country' economy. When consumer spending increases, the manufacturing businesses tries to meet the demand by increasing their spending. This means that the manufacturing companies need to hire more workers in order to continue its operations. So, this leads to a greater employment. When the output they produce creates a surplus, it results to many exports rather than fewer exports.
So, this explains the answer.