Answer: conducting a routine, standard customer service operation.
Explanation:
A project manager is a kind of manager who ensures that a project he/she carries out with his/her team is executed effectively. The project supervisor is not needed for day to day business supervision as that is the duty of an operations manager. In most cases a project manager is employed specifically for the purpose of supervising the completion of a single project.
The following examples is NOT typical or appropriate situation to employ project management a. Conducting a routine, standard customer service operation is not typically appropriate for project management; it's better suited for ongoing operations.
a. conducting a routine, standard customer service operation
Project management is typically employed in situations that involve complex tasks with specific objectives, timelines, budgets, and resources. Let's analyze each of the options:
a. Conducting a routine, standard customer service operation: Routine customer service operations are typically ongoing and repetitive tasks that do not require the detailed planning, monitoring, and control associated with project management. These operations are part of daily business activities and can be managed through standard operating procedures.
b. Improving an existing work process: Process improvement projects are often suitable for project management. They involve defining objectives, making changes, and measuring outcomes. Project management helps ensure that the process improvement initiative is executed efficiently and effectively.
c. Installing a new computer system: Implementing a new computer system is a complex undertaking that often involves multiple tasks, stakeholders, and potential risks. Project management is commonly employed in such situations to coordinate the various aspects of the implementation, manage resources, and meet project goals.
d. Developing a new product: Developing a new product is a classic example of a project. It has defined objectives, timelines, budgets, and requires cross-functional collaboration. Project management is crucial to ensure the successful launch of the product.
In summary, option (a), conducting a routine, standard customer service operation, is not a typical or appropriate situation to employ project management. Project management is best suited for situations that involve unique, complex, or large-scale endeavors that require structured planning, execution, and control. Routine operations can be managed through other means, such as standard procedures and ongoing management processes.
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Sweet Dreams sells 15,000 pillows per year for $25 per unit. Variable cost per unit is $14. Sweet Dreams wants to improve customer satisfaction by using higher quality direct materials which will increase the variable cost per unit to $19. Fixed costs per year total $90,000. If sales increase by 5,000 units per year, what price will Sweet Dreams have to charge to earn the same profit it is earning now ($75,000 per year)
Answer: The answer is $27.25
Explanation:
Let x be the price Sweet dreams will charge to earn the profit of $75,000
New sales units = 20,000
New variable cost = $19
We know, Sales - Variable cost - Fixed cost = Profit
Now applying the equation,
20,000x - (20,000*19) - 90,000 = $75000
20,000x = $75,000 + 380,000 + 90,000
therefore, x = $27.25
So, Sweet Dreams will charge $27.25 to earn the same profit it is earning now i.e. $75000 per year.
Javier spends all his income on peanuts and chewing gum. The last dollar spent on peanuts yeilds 14 utils and the last dollar spent on chewing gum yields 6 utils. To increase total utility, Javier should spend less on peanuts and more on chewing gum?
Answer:
False
Explanation:
Javier's utils per dollar of peanuts = 14 utils per $1 spent
Javier's utils per dollar of chewing gum = 6 utils per $1 spent
Since the utils per dollar that Javier obtains from consuming peanuts are higher than those from consuming chewing gum, if he wants to increase his total utility, he should purchase more peanuts.
A construction firm needs to hire a construction superintendent, whose primary responsibilities involve organizing, supervising, and inspecting the work of several subcontractors. It administers a construction-error recognition test, where an applicant enters a room that has been specially constructed to have 10 common and expensive errors and where he/she is asked to record as many problems as he/she can detect. The firm is using a:______.a. concurrent validation.b. predictive validation.c. content validation.d. criterion-related validation.
Answer:
c.
Explanation:
Based on the information provided within the question it can be said that the construction firm in this scenario is using content validation. This term refers to a research methodology that is used in order to measure the validity of a certain test in order to make sure that it is providing the information for which it was created. Which is why they test the individual to see if they can spot the 10 errors.
This inventory system requires a physical inventory count to be made at least once during the year. Answer 1 This inventory system computes and records cost of goods sold at the time of sale. Answer 2 This inventory system computes and records cost of goods sold only at the end of the period. Answer 3 This inventory system computes and records sales revenue at the time of sale.
Answer:
Answer 2 : This inventory system computes and records costs of goods sold at the end of the period.
Explanation:
The time at which records of costs of goods sold is done determines a company`s inventory system.
Two inventory systems exist which companies can use in their business which are Periodic and Perpetual inventory systems.
Periodic Inventory System
In this system recording of cost of goods sold is done at the end of a certain period.It could be after a week, month or year.This is the type is system that is being explained in the question.
Perpetual
The other is the other system of recording cost of goods sold. In this system cost of goods sold is computed at end of each sale ( at the time of sale)
Hence it is important to note when the count of inventory is done. If at the end of a period then its Periodic and when count is done after every sale then that is Perpetual.
The system described suggests a periodic inventory system, where a physical count is made at least once a year, and cost of goods sold is computed at the end of the period.
The inventory system is describing the periodic inventory system, which requires a physical inventory count at least once during the year and computes and records the cost of goods sold (COGS) only at the end of the accounting period. This system contrasts with the perpetual inventory system, which records COGS at the time of sale. Both systems will record sales revenue at the time of the transaction. Understanding these systems is crucial for accurate financial reporting and management, as they directly impact the valuation of inventory on the balance sheet and the computation of gross profit on the income statement.
Maintaining accurate inventory records is integral to reporting a firm's financial status. Inventory valuation methods, like FIFO and LIFO, can affect the reported value of inventory and, consequently, the financial outcomes such as net income. In practice, changes in inventory levels are considered a form of investment and are accounted for in the calculations of Gross Domestic Product (GDP), reflecting the production and consumption cycles within an economy.
Kevin is a top-level manager at an advertising firm. He has many years of varied experience and he spends most of his time making strategic decisions about how to use the company's resources. On which management function does he spend most of his time?
Answer:
Kevin spends most of his time on planning
Explanation:
Planning is considering the activities that an organization needs to undertake to achieve its objectives as well as efficient and effective utilization of resources in carrying out those activities.
Efficiency and effectiveness are very important because the organization is in business in order to maximize the wealth of its founders, which can only be achieved by making sure that organization avoids wastefulness while also deploying the least possible resources in a given circumstance
The covenants and other terms of the agreement between the issuer of bonds and the lender are set forth in the registered bond. bond debenture. bond indenture. bond coupon.
Answer:
The correct answer is Bond indenture.
Explanation:
The bond indenture is a contract through which a person called a guarantor is obliged to respond for the obligation of the principal debtor, it is an accessory obligation under which one or more persons respond to an obligation of another, committing to the creditor to comply with it in whole or in part, if the principal debtor does not comply.
The bond is held for the purpose of guaranteeing a third party obligation, but in which the creditor can only charge the guarantor when the principal debtor of the obligation does not comply.
A recent national survey of U.S. adults revealed that 52% reported that they considered or made a career decision, such as looking for a new job, declining a promotion, or quitting a job, because of:___________.
Answer:
The options for this answer are the following:
A. Lack of medical coverage
B. Sexual harassment at workplace
C. Stress in the workplace
D. Lack of upward mobility
The correct answer is C. Stress in the workplace .
Explanation:
Occupational stress is a type of stress associated with the scope of work that can be punctual or chronic, although most cases respond to the second type mentioned.
Positive stress (eustress) refers to when the stress response occurs in an adaptive way, the consequences of such response do not harm the integral health of the subject and its duration is coupled with the duration of the stress stimulus, eg, the response of stress that is triggered during your first day of work is adaptive (positive stress) because it implies that you have to be alert to attend to new stimuli (tasks, bosses, colleagues, company procedure, etc.).
When does this response cease to be adaptive and therefore can it become negative stress? Well, if this stress lasts more than a month, the response intensifies over time and begins to interfere with the worker's health (insomnia, tachycardia, anxiety, depression, among others) appear, it would be a case of negative work stress and measures should be taken.
Consider the information about the economy of Pakistan. Note that the currency of Pakistan is the rupee. The government purchases: 2.60 trillions of rupees. Individuals consume: 10.60 trillions of rupees. Individuals save: 5.04 trillions of rupees. Businesses invest: 1.50 trillions of rupees. Foreigners spend: 0.70 trillions of rupees to purchase Pakistani firms. Pakistan imports: 2.69 trillions of rupees. Pakistan exports: 1.40 trillions of rupees. Calculate Pakistan's GDP. Assume that the values are all current and no conversions need to be made. Give your answer in terms of trillions of rupees, and round to two decimals.
Answer:
GDP of Pakistan is 13.41 trillion of Rupees
Explanation:
GDP = C + I + G + Net Exports
GDP = 10.6 + 1.5 + 2.6 + (1.4 Exports - 2.69 Imports) =
Where C stands for consumption, I for investment by the businesses, G is the government spending or purchases, Net Exports is the difference between exports X and imports M.
Now:
G-Government spending or Govt. Purchases are Rs 2.60 trillions
I-Investment by the businesses are Rs 1.50 trillions
C-Consumption was Rs 10.6 trillions
Net Exports-(Exports X - Imports M) was the difference of exports Rs 1.4 trillions and imports of Rs 2.69 trillions
By putting the values we have:
GDP= 10.6 + 1.5 + 2.6 + (1.4 Exports - 2.69 Imports)= 13.41 trillion of Rupees
A schedule listing account balances for the current and previous years, and columns for adjusting and reclassifying entries proposed by the auditors to arrive at the final mount that will appear in the financial statement, is referred to as a: _______.
A) Working trial balance.
B) Lead schedule.
C) Summarizing schedule.
D) Supporting schedule.
Answer:
a. Working trial balance.
Explanation:
Working trial balance -
It refers to as the balance sheet , which is on the stage of any alterations , is referred to as working trial balance .
It is not the final balance sheet and hence various changes can be done , like adding and subtracting many entries .
The advantage of a working trial balance is to test the complete set of entries in order to find the effect on the financial statements .
Hence , from the given information of the question ,
The correct answer is a. Working trial balance.
The editorial board of Gamers' Page, a magazine that primarily caters to people who are enthusiastic about sports and gaming, targets people who enjoy games. This type of market segmentation used by the editorial board of Gamers' Page is an example of ________.A) usage-rate segmentation
B) geographic segmentation
C) psychographic segmentation
D) benefit segmentation
Quality that measures usefulness vs. price paid is which definition of quality? A. Conformance to specifications B. Fitness for use C. Value for price paid D. Support services E. Psychological
Answer:
Option C. Value for price paid
Explanation:
The quality of goods are measured with the usefulness of the goods to the consumer and how much he is willing to pay for it and the product is determined by the state of how much it is being useful, profitable, or beneficial to the consumer. Consumers pay higher amount for the product which has the higher utility for the consumer and it also shows the quality of the specific product to the consumer. The main determinants of the product's quality are its price and its utility. Value of price paid is determined by the utility or usefulness of the product for each unit of money paid to purchase it.
An entrepreneur can best be characterized as someone who
An entrepreneur is someone who identifies a market need, and conceives and initiates a new business venture to meet that need, enduring significant personal financial risk. They are typically visionaries who are willing to take risks and are involved in every aspect of their business.
Explanation:An entrepreneur can best be characterized as someone who conceives, launches, and operates a new business, often with considerable personal financial risk. They typically identify a market need, develop a business model, and actively participate in every facet of business operations. These individuals tend to be creative thinkers who possess a unique blend of vision, perseverance, and a willingness to take risks.
For instance, if someone recognized a demand for organic, home-delivered meals and decided to launch a company to satisfy that need, this individual would be considered an entrepreneur. They identified a gap in the market, took the initiative to start a business, and are willing to accept the potential risk associated with the venture.
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An entrepreneur can BEST be characterized as someone who takes risks in order to acquire profits. Thus, option (b) is correct.
Entrepreneur: A person who hires workers and buys resources in order to produce goods and services.Entrepreneurs are often called risk-takers because they invest their money and resources in ventures that have uncertain outcomes.They organize resources and engage in production with the hope of earning profits by identifying and meeting consumer needs.Successful entrepreneurs carefully calculate risks and weigh them against potential benefits before starting a project.An entrepreneur's willingness to take calculated risks is a key driving force in a market economy, leading to innovation and economic growth.Complete Question:
An entrepreneur can BEST be characterized as someone who:
a. tries to persuade officials to pass favorable laws.
b. takes risks in order to acquire profits.
c. signals businesses what and how much to produce.
d. seeks to engage in a voluntary exchange.
Annie enjoys restoring old homes. She treasures the beauty and attention to detail that she finds in old buildings. To help her, she hires artisans she works with regularly who share her value of: a. history. b. profit. c. self-sacrifice. d. customer satisfaction.
Answer:
A. History.
Explanation:
As Annie enjoys restoring old homes. She treasures the beauty and attention to detail that she finds in old buildings. To help her, she hires artisans she works with regularly who share her value of history. Annie finds it interesting to restore the genuine beauty of the old buildings, she want to make them new again by restoring their old form, design and style. She undoubtedly, should work with those person who share the same taste and love for history. It will become very easy for her to work in more efficient and effective way. She can also share her ideas freely and openly with a person having the same likeness of making old buildings new ones.
The public debt surpassed GDP during the 1940s 1950s 1960s 1970s 1980s 1990s early 2000s then fell steadily, reaching its lowest point in the . From that decade on, the public debt as a percentage of GDP has increased consistently, except for a decline in the late . By 2010, the debt had risen to ________.
Answer:
The public debt as a percentage of GDP in the United States, reached its lowest point in recent decades, in 2001, when it represented 54.9% of GDP.
After that year, this indicator began to increase, at first slowly, and from 2007 on very rapidly, propelled in part by the financial crisis. In 2010, the public debt as percentage of GDP was 89.3%.
A local pizza parlor located on campus offers a student rate for its pizza lunch special. This is a form of __________. a. predatory pricing and is legal. b. predatory pricing and is illegal. c. bait-and-switch pricing and is legal. d. price discrimination and is illegal. e. price discrimination and is legal.
Answer:
E. Price discrimination and is legal
Explanation:
Price discrimination is a situation whereby an organization decides to sell its commodity at different prices to different customers. Here, the pizza parlour offers student rate for students that's different from the rate offered to other customers that are not students. It is the sales of a particular type of product to different buyers or consumers at different prices. It is legal. It only becomes otherwise (illegal) if it is done on the basis of racial discrimination, religious discrimination and so on.
Answer:
The correct answer is e. price discrimination and is legal.
Explanation:
Price discrimination, also known as price differentiation, occurs in situations where a company sells the same product at different prices, either to the same consumer or to different ones. The study of this strategy occurs naturally in cases of monopolies because they seek to sell additional units to consumers without reducing the price of units that have already been sold in a way that allows them to maximize their profits. There are examples of price discrimination in transport and storage companies. To optimize price discrimination, companies will have to control and prevent resale, and they will also have to differentiate consumers depending on their willingness to pay. Although preventing resale is often not complicated, differentiating consumers is a more complex and expensive process.
Cami is the marketing manager for a regional furniture maker. She closely monitors the impact of each marketing campaign on overall sales. She routinely tries novel promotional offers to reach first-time customers. Which of the following skills does Cami exhibit?A) systems thinkingB) experimentationC) abstract reasoningD) collaborationE) troubleshooting
Answer:
B) experimentation.
Explanation:
Experimentation is the process by which a business strategy is tested on a smaller scale before it is adopted on a wider scale. A business process or product can be introduced to a particular test group and based on the results extrapolated to other areas.
In this scenario Cami the marketing manager for a regional furniture maker monitors each marketing campaign on overall sales. She also tries novel promotional offers to first time customers in a bid to test efficacy. This is use of experimentation.
Cami demonstrates the skill of experimentation by regularly testing new promotional offers to assess their impact on sales, showcasing her strategic and critical thinking abilities.
Explanation:Cami exhibits B) experimentation in her role as a marketing manager. This skill is highlighted by her routine implementation of novel promotional offers to engage first-time customers. Experimentation in this context implies a methodical approach to testing different marketing strategies and observing their impact on sales, which is a crucial component of strategic thinking and critical thinking. It requires creativity and divergent thinking to generate a variety of approaches and the application of analysis to determine the effectiveness of these strategies.
The debits to work in process—roasting department for morning brew coffee company for august 2016, together with information concerning production, are as follows: work in process, august 1, 700 pounds, 20% completed $ 3,479* *direct materials (700 x $4.70) $3,290 conversion (700 x 20% x $1.35) 189 $3,479 coffee beans added during august, 14,300 pounds 65,780 conversion costs during august 21,942 work in process, august 31, 400 pounds, 42% completed ? goods finished during august, 14,600 pounds ?
Answer:
The cost of production report for Morning Brew Coffee Company for August 2016 is attached.
Explanation:
The governor wants to levy a $1 excise tax on a product but wants to minimize the deadweight loss. The deadweight loss will be LEAST when the demand curve is _____ and the supply curve is _____.
Answer:
D) inelastic, inelastic
Explanation:
A price ceiling set below the equilibrium price will always cause an increase in the quantity demanded and a decrease in the quantity supplied, resulting in both a shortage and a deadweight loss.
When the demand and the supply curves are inelastic, their slope is greater, which reduces the potential loss. The deadweight loss is the area in between the supply and demand curve and left of the equilibrium price.
Danny "Dimes" Donahue is a neighborhood’s 9-year-old entrepreneur. His most recent venture is selling homemade brownies that he bakes himself. At a price of $2.75 each, he sells 250. At a price of $2.25 each, he sells 300. A. What is the elasticity of demand?
B. Is demand elastic or inelastic over this price range?
C. If demand had the same elasticity for a price decline from $2.25 to $1.75 as it does for the decline from $2.75 to $2.25, would cutting the price from $2.25 to $1.75 increase or decrease Danny's total revenue?
Answer:
A) PED = 1.1
B) demand is elastic
C) Danny's total revenue would decrease
Explanation:
we can calculate the price elasticity of demand using the formula:
PED = % change in quantity demanded / % change in price = [(300 - 250) / 250] / [(2.25 - 2.75) / 2.75] = (50 / 250) / (-0.5 / 2.75) = 0.2 / 0.18 = 1.1
since PED = 1.1, the demand is elastic
if the PED is the same when the price decreases from $2.25 to $1.75, total revenue will :
when price = $2.25, total revenue = $2.25 x 300 = $675
when price = $1.75, total revenue = $1.75 x 373 = $652.75
*a 22.22% decrease in the price will cause a 24.44% increase (= 22.22% x 1.1) in the quantity demanded = 300 units + (300 x 24.44%) = 373.3 ≈ 373 units
Which of the following statements is false? Group of answer choices Value is defined by what needs to be done Key value drivers can be found in the Marketing Mix Market potential is the intersection of value and competence Points of differentiation are not necessarily points of parity Value is defined by the firm
Final answer:
The false statement is that Value is defined by the firm. Value is determined by the consumers or customers, as they are the ones who perceive and attach value to a product or service.
Explanation:
The false statement among the given options is that Value is defined by the firm. In reality, value is not defined solely by the firm. Instead, value is determined by the consumers or customers, as they are the ones who perceive and attach value to a product or service. The firm can influence the value proposition through their marketing efforts, but ultimately, the customers play a crucial role in defining the value of a product or service.
The false statement is: A) Value is defined by what needs to be done.
The false statement among the given options is that "Value is defined by what needs to be done." Value is typically defined by the perception of benefits received by the customer relative to the cost. It is more accurately defined by the firm and influenced by key value drivers found in the Marketing Mix. Market potential is indeed the intersection of value and competence, and points of differentiation are not necessarily points of parity. It involves understanding customer needs and how well the firm's offerings meet those needs. Key value drivers, which influence the customer's perception of value, can be found in the Marketing Mix (product, price, place, promotion).Full question
Which of the following statements is false?
A) Value is defined by what needs to be done.
B) Key value drivers can be found in the Marketing Mix.
C) Market potential is the intersection of value and competence.
D) Points of differentiation are not necessarily points of parity.
E) Value is defined by the firm. generate an answer
Pare, Inc., purchased 10% of Tot Co.'s 100,000 outstanding shares of common stock on January 2, 20X1, for $50,000. On December 31, 20X1, Pare purchased an additional 20,000 shares of Tot for $150,000. There was no goodwill as a result of either acquisition, and Tot had not issued any additional stock during 20X1. Tot reported earnings of $300,000 for 20X1. What amount should Pare report in its December 31, 20X1, balance sheet as investment in Tot?A. $170,000
B. $200,000
C. $230,000
D. $290,000
Answer:
C) $230,000
Explanation:
Since Pare has significant influence over Tot (it owns 30% of its stock), it must record the transactions using the equity method. Pare purchased the extra 20% of stocks on December 31, so it will only report dividends for the original 10%.
total ownership:
100,000 stocks x 10% = 10,000 stocks at $50,000
20,000 stocks at $150,000
total 30,000 stocks (30%) at $200,000
earning's share (using equity method):
$300,000 x 10% = $30,000
total investment account = $200,000 + $30,000 = $230,000
You can be jailed up to six months and fined up to $1,000 if you _________________. A. are convicted of being a habitual truant from school B. abandon or dump an animal on the road C. drive faster than the posted speed limit
Answer:
Option B Dumping or Abandoning an animal on a highway.
Explanation:
The fine imposed on dumping or abandoning an animal on a highway unintentionally (negligent) will be $1,000 whereas a fine of $1,000 and jail up to six months will be for the person who intentionally dumbed or abandoned an animal on a highway. The durantion of jail punishment is subjected to the judgement of judge.
Depending on the jurisdiction, penalties like jail time up to six months and fines up to $1,000 can be applicable for offenses such as habitual truancy, animal abandonment on roads, and excessive speeding.
Explanation:The penalties mentioned in your question, being jailed for up to six months and fined up to $1,000, can vary depending on jurisdiction and nature of the crime. However, in many cases, such punishments can be applied to individuals who are convicted of being habitual truants from school, abandoning or dumping an animal on the road, or driving faster than the posted speed limit.
Legal Consequences for Truancy, Animal Dumping, and SpeedingA, B, and C in your question reflect varied illegal actions that could follow serious punishments.
A habitual truant from school can face such penalties in some locations if truancy laws are enforced.Abandoning or dumping an animal on the road can also lead to fines and jail time under animal cruelty laws. Similarly, extreme cases of speeding or reckless driving can draw significant fines and potentially even jail time.Learn more about Penalties for Crimes here:https://brainly.com/question/32228967
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GoCarts Systems pays $3,500 cash for next year's publication subscription which is known as a(n) _________. During the same week it delivers carts to a theme park and sends the customer a $15,000 invoice which is known as a(n) ___________.
Answer:
Deferral
Accrual
Explanation:
A deferral occurs when a company has paid out money that should be reported as an expense in a later accounting period, and/or received money that should be reported as revenue in a later accounting period while an Accrual pertains to expenses that should be reported now, but have not yet been recorded or paid, and revenues that should be reported now, but have not yet been recorded nor has the money been received.
All of the following may deduct education expenses except
a. Paige is a self-employed accountant who incurs expenses to take advanced tax courses.
b. Marvin is a high school teacher who incurs expenses for education courses to meet new course requirements to maintain his job.
c. Hope is an independent business consultant who incurs expenses to pursue an MBA degree.
d. Richard is a self-employed dentist who incurs expenses to attend a convention on new techniques in oral surgery.
Answer:
The correct anser is a. Paige is a self-employed accountant who incurs expenses to take advanced tax courses.
Explanation:
Public spending on education refers to disbursements at different levels of education, from preschool to tertiary, including auxiliary services and research and development related to education.
c. Hope is an independent business consultant who incurs expenses to pursue an MBA degree.
To determine who cannot deduct education expenses, we need to look at IRS guidelines regarding tax deductions for education.
According to the IRS, tax deduction eligibility for education expenses often applies to individuals whose education maintains or improves required skills for their current jobs
Let's break down each option:
Paige is a self-employed accountant taking advanced tax courses. This is generally deductible because it improves her job skills.Marvin is a high school teacher taking new required education courses to maintain his job. This is deductible because it's necessary to keep his current employment.Hope is pursuing an MBA degree as an independent business consultant. Generally, while this education might be beneficial for her business, it is often not considered directly related to maintaining or improving skills for a current job since an MBA can qualify her for a new trade or business, making these expenses non-deductible.Richard is a self-employed dentist attending a convention on new oral surgery techniques. This is deductible as it directly maintains and improves his professional skills.Therefore, the correct answer is: c. Hope is an independent business consultant who incurs expenses to pursue an MBA degree.
In year 2, Reynolds changes its inventory method from FIFO to the weighted-average method. If the weighted-average method would have been used in year 1, cost of goods sold would be $10,000 higher. Reynolds has an effective tax rate of 40%. What is the after-tax effect on retained earnings for year 1 for the change in accounting method
Answer:
Retained earnings for year 1 would be lower by $6000
Explanation:
A change in inventory valuation method resulted in higher cost of goods sold for the previous year.
This means had the new method of inventory valuation i.e weighted average been followed, the gross profit would have been lower by $10,000.
Had gross profits been lower by $10,000 , it would've led to net income being lower by $10,000. After deduction of 40% tax rate on such income, the after tax income would've been $6000 lower.
This further means the balance of retained earnings would've been reduced by $6000.
Consider two points on the production possibilities frontier (PPF): point A, at which there are 50 oranges and 100 apricots, and point B, at which there are 51 oranges and 98 apricots. If the economy is currently at point B, the opportunity cost of moving to point A is:_______.a. 2 apricots.
b. 1 orange.
c. 98 apricots.
d. 3 oranges.
True or False: Keeping his maximum willingness to pay for an apartment in mind, Jake will not buy the apartment because it would be worth less to him than its market price of $300,000.
Answer:
TRUE
Explanation:
True it is that: Keeping his maximum willingness to pay for an apartment in mind, Jake will not buy the apartment because it would be worth less to him than its market price of $300,000.
Generally consumers respond to value as a matter of fact consumers can pay more than the list price if they think it will give them higher value than the market price.
Consumers don't purchase products primarily for their functions, hence Jake will not pay for the house because of his maximum willingness to pay.
A customer buys a product for the perceived benefit he will gain from it. This perceived benefit, in addition to his opinion of the product, are what create customer perceived value.
A customer opens a short margin account by selling short 600 shares of XYZ stock at $80 per share and deposits the required margin. If the stock declines in value by 25%, the customer's equity in the account will:
Answer:
It will increase by 50%
Explanation:
Equity is given as: credit - short market value.
Find attached below table of solution
When posting from the sales journal to the accounts receivable subsidiary ledger, write the letter "S" plus the page number on which the transaction was recorded in the Posting Reference column of the subsidiary ledger account.
Answer:
The correct answer is True.
Explanation:
The general ledger is one of the most basic used in day-to-day accounting. In this, all the economic operations that are carried out in a business are registered in a chronological way for its subsequent transfer to the major. When registering an accounting entry in the daily book it is necessary to understand what we are going to register and always remember that the sum of all debits must be equal to the sum of all credits to comply with the principle of double entry. This means that every time we debit an account, we must also give a credit for the same value to the other affected account.
Abiding by a foreign country's cultural norms during an international business transaction means a company has met a minimum standard for acting ethically. a. True b. False
Answer:
B) False
Explanation:
A US company might follow all the cultural norms of a foreign country and might still be breaking the law, at least US laws. Since compliance with the law is referred to as moral minimum, you cannot be ethical if your behavior is not moral.
For example, handing out gifts to government officials may be consider normal in other countries, but the Foreign Corrupt Practices Act of 1977 (FCPA) states that you can go to jail for it.
Answer:
False.
Explanation:
Ethics is defined as generally accepted beliefs of what is right and wrong. When a person does not comply with accepted ethics the person is considered to lack moral standards and values.
In this instance abiding by a foreign country's cultural norms during an international business transaction is more of becoming a cultural fit during the transaction.
This does not involveeeting a minimum standard of right or wrong, so it is not related to ethics.