Business

Two countries can each produce clothing and computers. If the two countries decide to specialize and exchange then all consumers, workers, and firms will benefit and experience gains from trade. True or False?
1 Answer
Craig, a sales manager, has been asked to explain the under-performance of his team in the previous financial year. Instead of understanding and working on resolving the team's issues, Craig comes up with a number of defensive statements and denies wrongdoing from his team's part. This is known as _____ the problem.
2 Answers
Vanity Fair, the makers of Lee jeans, learned from market research that young men perceived the brand as being for women. As a result, they developed an advertising campaign targeted to young men and used Buddy Lee, which is a little doll in dungarees that is portrayed as "cool," to alter this market's perception of this brand. Vanity Fair's deliberate decision to significantly alter the way the market views its brand is an example of ________.A. product positioningB. product repositioningC. brand extensionD. brand leveragingE. brand revival
2 Answers
There are four closing entries: The first one is to close ___________________. The second one is to close __________________. The third one is to close __________________. The fourth one is to close ___________________.
2 Answers
Pablo Management has four part-time employees, each of whom earns $235 per day. They are paid on Fridays for work completed Monday through Friday of the same week. Near year-end, the four employees worked Monday, December 31, and Wednesday through Friday, January 2, 3, and 4. New Year's Day. (January 1) was an unpaid holiday. a. Prepare the year-end adjusting entry for wages expenses.b. Prepare the journal entry to record payment of the employees' wages on Friday, January 4.
2 Answers
ALT Inc. conducts periodic reviews to assess the extent to which law firms support diversity in their activities. It uses this information to decide which law firms would be most suitable to represent it legally. This is an example of effective: A.stereotyping reverse discrimination B.overt discrimination C.environmental justice D.diversity management
1 Answer
Compare the two organizations you selected in terms of the public services they provide. How are they alike, and how are they different?
2 Answers
Carl has been working as a sales executive with All Fame Cosmetics Inc. for more than a year. His work has been appreciated by his seniors and he regularly meets his sales targets. However, he has not received any incentive or commission that was promised to him by his employer during his pre-employment interview. If Carl decides to file a case against All Fame Cosmetics, he has_____________.
2 Answers
Bell Co. changed from a traditional manufacturing philosophy to a just-in-time philosophy. What are the expected effects of this change on Bells inventory turnover and inventory as a percentage of total assets reported on Bells balance sheet?A. Decrease DecreaseB. Decrease IncreaseC. Increase DecreaseD. Increase Increase
1 Answer
I purchase a 10 percent coupon bond. Based on my purchase price, I calculate a yield to maturity of 8 percent. If I hold this bond to maturity, then my return on this asset is:_____.A) 10 percent.B) 8 percent.C) 12 percent.D) there is not enough information to determine the return.
2 Answers
Nelson is properly classified as an independent contractor for FunTime Toys. While driving to a meeting at FunTime's headquarters, Nelson caused a car accident in which a cab driver was hurt. Upon investigation, it was found that Nelson was on the phone with one of the managers at FunTime when he was driving that day. Which of the following may be true in the context of liability for the accident? A. FunTime has no liability, because Nelson is not a full-time employee. B. FunTime has vicarious liability. C. FunTime has no liability, but only if Nelson is a member of a protected class. D. FunTime has strict liability.
2 Answers
McCann Co. has identified an investment project with the following cash flows. Year Cash Flow 1 $820 2 1,130 3 1,390 4 1,525 Required:a. If the discount rate is 10 percent, what is the present value of these cash flows? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)b. What is the present value at 16 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)c.What is the present value at 25 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
2 Answers
Suppose the price of rice increases and you view rice as an inferior good. The substitution effect results in a ________ change in rice consumption, and the income effect leads to a ________ change in rice consumption.A. negative, negativeB. negative, positiveC. positive, negativeD. positive, positive
2 Answers
The McKnight Company expects sales in 2015 of 208 comma 000 units of serving trays. McKnight's beginning inventory for 2015 is 18 comma 000 trays, and its target ending inventory is 27 comma 000 trays. Compute the number of trays budgeted for production in 2015. Select the labels and enter the amounts to calculate the units of finished goods (trays) to be produced. Budgeted unit sales 208,000 Add target ending finished goods inventory 27,000 Total required units Deduct beginning finished goods inventory 18,000 Units of finished goods to be produced
2 Answers
A farmer grows squash in his 100 by 100 foot garden. He then sells the crop at the local farmers' market. Two summers ago, he was able to produce and sell 1200 pounds of squash. Last summer, he tried a new fertilizer that promised a 50% increase in yield. He harvested 1900 pounds. Did the fertilizer live up to its promise?
1 Answer
Suppose that the organic-produce industry is composed of a large number of small firms. In recentyears, these firms have suffered economic losses, and many sellers have left the industry. Economictheory suggests that these conditions willa) shift the demand curve outward so that price will rise to the level of production cost.b) cause the remaining firms to collude so that they can produce more efficiently.c) cause firms in the organic-produce industry to suffer long-run economic losses.d) cause the market supply to decline and the price of organic produce to rise.
2 Answers
When a factory closes, why is it bad news for the local restaurants? a. Unemployed factory workers have lower incomes and are less likely to dine out. b. Unemployed factory workers are eligible for government unemployment benefits. c. Sales taxes are likely to increase. d. The opportunity cost of dining out has fallen.
1 Answer
What involves the agreement on the part of multiple corporations to charge a particular price for a good or service?
1 Answer
At the end of the month, Grant Entertainment Company showed a $9,300 book balance in its cash account. The following information was gathered by studying the bank statement and the company's cash records: (1) deposits in transit amounted to $3,150 (2) outstanding checks were $6,200 (3) a $550 check had been incorrectly drawn on Grant's account by the bank (4) NSF checks returned by the bank were $750 (5) bank service charge was $29 (6) credit memo for $75 for the collection of one of the company's account receivable Based on the above information the true cash balance would be
1 Answer
___ is a portfolio-planning tool for identifying company growth opportunities through market penetration, market development, product development, or diversification.
1 Answer
One of the reasons Omega Distributors, a local manufacturing company, is considered a good place to work is that the managers encourage and reward their employees for developing new products and ways of improving existing products and services. In this example, Omega Distributors managers are carrying out the ________ role.
1 Answer
Retained Earnings represents the firm's cumulative earnings since inception, minus dividends and other adjustments. True False
1 Answer
JKS, a nongovernmental not-for-profit art museum, has elected not to capitalize its permanent collections. In 2X11 a bronze statue was stolen. The statue was not recovered, and insurance proceeds of $35,000 were paid to JKS in 2X12. This transaction would be reported in: I. The statement of activities as permanently restricted revenues.; II. The statement of cash flows as cash flows from investing activities.a.Neither I nor II.b.I only.c.Both I and II.d.II only.
1 Answer
Below are the account balances for Cowboy Law Firm at the end of December. Accounts Balances Cash $ 5,100 Salaries expense 2,050 Accounts payable 3,100 Retained earnings 4,050 Utilities expense 1,200 Supplies 13,500 Service revenue 9,000 Common stock 5,700 Required: Use only the appropriate accounts to prepare an income statement.
2 Answers