Answer:
B) Millcorp has a lawful innocent acquisition of a monopoly.
Answer:
B) Millcorp has a lawful innocent acquisition of a monopoly.
Explanation:
Millcorp has a lawful innocent acquisition of Monopoly because Millcorp isn't aware that the newly acquired material for wet suit protect against shark bite. The motive if acquiring the material was to better hold in the wearer's body heat.
The innocent acquisition of the material and the new discovery has increased the demand for Millcorp product which will increase its profits
Monopoly:This a market structure in which a seller sells a unique product.
The product sold by the seller cannot be easily substituted.
The Monopoly is characterised by
1) Single seller and many buyers
2) Absence of competition
3) No close substitute
In an increasing-cost industry, A. all firms have decreasing returns to scale. B. all firms have constant returns to scale. C. all firms have increasing returns to scale. D. input prices increase when the industry expands and produces more output.
Answer: In an increasing cost industry, input prices rises when the industry expands and produces more output.
Explanation:
An increasing-cost industry is an industry where the costs for production rises as more companies compete. Production cost is low when there are few players in the industry. However, when there are many newcomers, the demand for resources rises. Subsequently, the costs of the resources(inputs) will increase. This situation thereby creates an increasing-cost industry.
In an increasing-cost industry, input prices increase when the industry expands and produces more output. This is due to competition for resources against other industries and is not related to the returns to scale at the firm level.
Explanation:In regards to an increasing-cost industry, the correct statement would be D. input prices increase when the industry expands and produces more output. This scenario happens when an entire industry expands output, it competes for resources against other industries, which can drive up the cost of input. For instance, if the coal industry expands rapidly, the demand for miners will increase, causing wages to rise. This increase is passed on to all firms in the industry, leading to increased costs. Simple, increasing-, constant-, and decreasing-returns to scale are in relation to output increase with proportional input increase in a firm level. However, they aren't directly associated with the nature of industry cost structure when an industry expands.
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Samantha, an accrual basis taxpayer, subscribes to a service that updates a database used in her business. In December 2019, Samantha paid the $120,000 subscription for the period January 2019 through December 2020. What is Samantha's deduction for 2019?
Answer:
$60,000
Explanation:
The amount deductible for 2019 is the expense incurred on accrual basis bu Samantha. Since the cost of the subscription paid for was $120,000 for 2 years (January 2019 to December 2020).
It means that the expense for 2019
= 1/2 × $120,000
= $60,000
This represents her deduction for 2019.
Answer:
Superman
Explanation:
Which type of pricing orientation guarantees revenue on every sale, but runs the risk of having a competitor with potentially lower costs who may then undercut the pricing to take more of the market share?
Answer:
The correct answer is: profit-oriented pricing.
Explanation:
Profit-oriented pricing is set by companies after determining the production of total costs per unit of the goods offered. After that, the profit is established typically as a percentage of the costs incurred. The problem with this method of costing is that the sum of the costs and the profit margin can result in a price that is higher than the average for the product.
Even worse, competitors may take advantage of that scenario to lower their prices to drag more consumers away from the profit-oriented pricing entity.
Aaron purchased footballs from Matthew for $370. Matthew had purchased the footballs from Tom by providing Tom with a bad check. Tom contacted Matthew after he learned Matthew did not have sufficient funds in his account and demanded that Matthew return the footballs. Matthew informed him that he had already sold them to Aaron.
Answer:
The principle in Law 'Nemo dat quod non habet' states that an individual connot give what he does not have
Indeed Tom can rescind the contract with Matthew as he possesses voidable title to the balls
Explanation:
Until consideration has moved from Matthew to Tom the validity of the agreement/Contract remains inconclusive.
Considering his Account is not funded means he has no valid title to the Balls, he is merely in possession of the Balls but not the Owner.
Tom can sue demanding a return of the Balls irrespective of Matthew having sold them to Aaron.
Another illustration could be given of a thief who sells off a property. Inspite of the Buyer being unaware, because the thief has a voidable title it makes the transaction invalid.
This year, Jack O. Lantern incurred a $60,000 loss on the worthlessness of his stock in the Creepy Corporation (CC). The stock, which Jack purchased in 2005, met all of the §1244 stock requirements at the time of issue. In December of this year, Jack’s wife, Jill, also incurred a $75,000 loss on the sale of Eerie Corporation (EC) stock that she purchased in July 2005 and which also satisfied all of the §1244 stock requirements at the time of issue. Both corporations are operating companies. Assume that they file a joint return. How much of the losses incurred on the two stock sales can Jack and Jill deduct this year, assuming they do not have capital gains in the current or prior years?
Answer:A total deduction of $103,000, $1244 limits the ordinary loss deduction for married couple filling jointly
to $100,000. In this case, the total loss incurred on the §1244 stock is $135,000 ($60,000 + $75,000). The remaining $35,000 loss is treated as a capital loss, which can offset other capital gains plus $3,000 of ordinary income.
Explanation:
Jack and Jill are eligible to deduct $100,000 of the total $135,000 loss incurred on their §1244 stocks according to section 1244 of the Internal Revenue Code. The remaining $35,000 will be treated as a capital loss and will be carried forward to next year.
Explanation:Jack and Jill had total business losses amounting to $135,000 from the decrease in stock value in Creepy Corporation (CC) and Eerie Corporation (EC), both of which were eligible §1244 stocks. Section 1244 of the Internal Revenue Code is particularly important here, as it allows investors like Jack and Jill to claim an ordinary loss, instead of a capital loss, on the sale or exchange, or becoming worthless, of qualified small business stock.
Under §1244, a married couple filing jointly can deduct a loss on §1244 stock of up to $100,000 in any one year. The remaining $35,000 exceeding this limit is treated as a capital loss and, since there are no capital gains to offset this, it carries to the next year and can offset capital gains in that year or any subsequent years until depleted.
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What is the relevance of quantitively measauring the competitive strength of each business in a diversified companys business portfolio and determining which business units are strongest and weakest?
Answer:
The response options are as follows:
to. to have a quantitative basis for rating them from strongest to weakest in terms of contributing to the corporate parent's revenue growth.
b. to compare resource strengths and weaknesses, business by business.
c. to have a quantitative basis for identifying which businesses have large / small competitive advantages or competitive disadvantages vis-a-vis the rivals in their respective industries.
d. to have a quantitative basis for rating them from strongest to weakest in contending for market leadership in their respective industries.
and. to have a quantitative basis for rating them from strongest to weakest in terms of contributing to the corporate parent's profitability.
The correct answer is: d. to have a quantitative basis for rating them from strongest to weakest in contending for market leadership in their respective industries.
Explanation:
One of the keys to successful business is competitiveness, which is understood as the ability of a company to maintain constant growth, in terms of ability to design, produce or market goods and services. Including an analysis of competitiveness, as part of the strategic planning of a company, allows you to know in detail what is happening internally and externally. In addition, it serves to detect the different opportunities and threats (external), weaknesses and strengths (internal) of a company. Also, knowing the degree of competitiveness is vital to understand how to project in the future and how to act to achieve the goals effectively and efficiently.
A competitive company is able to react quickly and correctly, a skill that is developed through the observation of factors. It is a concept of comparative nature since it is measured through parameters of efficiency and quality of the other companies that compete in the regional, national or world market. Four attributes converge in the competitiveness of a company: the conditions of the factors and those of the demand, the support and related industries. The different combinations that may arise from these attributes are what determine whether a company is a successful case of competitiveness or not. In other words, effective combinations lead to innovation, growth, increasing levels of efficiency, etc.
Joe wants to be able to purchase a dream car on January 1,2004, just after he graduates from college. Joe has had a part time job and started making deposits of $475 each month into an account that pays 18% compounded monthly beginning with the first deposit on February 1, 1999. The last deposit is to be made on January 1, 2004. Determine how much money he would have saved to buy the car.
Answer:
The money he would have saved to buy the car is $ 45701.96
Explanation:
Joe started making the deposits of $ 475 each month. This deposits pays 18% compounded interest monthly begining on february 1, 1999 with the first deposit.. Rememberd that the last deposit is to be made on january 1, 2004.
The total number of periods then is 60 and the interest rate will be of 1,5%=18%/12.
You will have to calculate the future value to know how much money he would have saved to buy the car.
F= 475(1+0,015)∧60-1
0,015
F= 475(1,015)∧60-1
0,015
F= 475(2.4432-1)
0,015
F= 475 × 1.4433
0,015
F= 475(96.21)
F= $45701.96
Select best example below illustrative of transaction costs.a. All of the above b. The costs of various dinners during which a client and vendor met. c. The cost of a business consultant hired to help improve company processes. d. The cost of hiring an accountant in order to file federal and state taxes.
Answer:
The correct option is A
Explanation:
Transaction costs are the whole array of costs associated with selling, buying, transferring goods etc.
Transaction costs can be of different types which are:
search costsmonitoring costsBargaining coststransfer costs etc.Manufacturing had 1,000,000 shares of common stock issued and outstanding at December 31, 2017. On July 1, 2018 an additional 1,000,000 shares were issued for cash. Vaughn also had stock options outstanding at the beginning and end of 2018 which allow the holders to purchase 299000 shares of common stock at $26 per share. The average market price of Stine's common stock was $35 during 2018.
(A) The number of shares to be used in computing diluted earnings per share for 2018 is _________.
Answer:
(A) The number of shares to be used in computing diluted earnings per share for 2018 is 1,576,886 shares
Explanation:
Diluted Earning per share is calculated dividing Eaning or the year excluding preferred dividend by weighted average number of shares.
Weighted Average Number of Diluted Shares = ( 1,000,000 x 6/12 ) + ( 2,000,000 x 6/12 ) + [ (35-26 / 35) x 299,000 ) ]
Weighted Average Number of Diluted Shares = 500,000 + 1,000,000 + 76,886
Weighted Average Number of Diluted Shares = 1,576,886 shares
A Two hazardous environment facilities are being evaluated, with the projected life of each facility being 10 years. The company uses a MARR of 15%. Using rate of return analysis, which alternative should be selected?
Alternative A Alternative B
First Cost, $ 615,000 300,000
O & M Cost, $ 10,000 25,000
Annual Benefits, $ 158,000 92,000
Salvage Value, $ 65,000 -5,000
(A) Alt. B
(B) Neither
(C) Alt. A
(D) Either Alt. A or Alt. B
In order to select the best alternative between A and B using rate of return analysis, we need to calculate the equivalent annual worth (AW) for each alternative. The option with the highest AW and greater than the MARR (Minimum Attractive Rate of Return which is 15% in this case) should be selected.
Explanation:The subject question involves an engineering economic analysis known as Rate of Return Analysis. In this analysis, an equivalent annual worth (AW) is calculated for each alternative. The choice should be based on the one with the maximum AW, assuming that it is greater than the MARR (Minimum Attractive Rate of Return).
Net Cash Flow = Annual Benefits - O & M cost, need to calculate this for both alternatives for each year. The NPW (Net Present Worth) for each alternative is calculated by subtracting the initial investment from the present worth of the net benefits over the 10 year lifespan, plus the present worth of salvage value, all discounted to present using a 15% rate. Finally, the equivalent AW for each case is obtained by multiplying the NPW by the capital recovery factor.
Whichever alternative get a higher AW and if greater than MARR, it would be the ideal choice. Without numerical values, a definitive answer can't be provided between alternatives A and B.
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The demand for salt is inelastic, and the supply of salt is elastic. The demand for caviar is elastic, and the supply of caviar is inelastic. Suppose that a tax of $1 per pound is levied on the sellers of salt, and a tax of $1 per pound is levied on the buyers of caviar. We would expect that most of the burden of these taxes will fall on .
a. buyers of salt and the buyers of caviar.
b. buyers of salt and the sellers of caviar.
c. sellers of salt and the sellers of caviar.
d. sellers of salt and the buyers of caviar.
Answer:
In the case of the salt,the salt buyers would bear most of the tax burden and for caviar,the sellers would bear most of the tax burden.Hence,the correct answer is option b. or buyers of salt and the sellers of caviar.Explanation:
In the case of salt,the supply is more elastic than the demand which implies that the salt sellers are relatively more responsive to salt price change in the market.Therefore,if any tax is imposed on them,it would basically translate into higher production cost for the sellers and due to price elasticity of supply,the sellers would pass the tax to the salt consumers who are comparatively less price sensitive.Now,since the consumer demand for salt is inelastic and the consumers are relatively price insensitive,the consumers won't perhaps mind paying a higher market price for salt including the extra tax.Hence,in this instance,the tax burden would fall on the salt buyers or consumers.
On the other hand,based on the same line of argument,the tax burden would fall on the sellers of caviars as the price elasticity of caviar supply is less than that of the caviar demand.In this case,the caviar sellers are less sensitive about changes in market price of caviars and thus,won't mind paying a relatively higher production cost/expense which is inclusive of the tax burden.Due to higher price elasticity of demand or price responsiveness,the cavier consumers would be reluctant to bear the tax burden and pass it onto the sellers.
Unearned revenues are generally: Multiple Choice Revenues that have been earned and received in cash. Increases to common stock. Recorded as an asset in the accounting records. Liabilities created when a customer pays in advance for products or services before the revenue is earned. Revenues that have been earned but not yet collected in cash.
Answer:
i dont get it, is there a question?
Explanation:
Willa and Westley are siblings who built a hair salon business from the ground up. They are now contemplating opening an additional salon location. The estimate to open an additional salon would mean adding $1 milion in expenses with their profit increasing by $400,000 each year for the next 5 years (all other things equal), Willa and Westley decide
A. to open a second salon because the marginal cost of the new salon is low compared to other simlar projects
B. to not open a new salon because the marginal costs prove to be too high
C. to take on the new salon because the expected marginal benetit ($2 mlton over 5 years)
The correct option is C
Explanation:
The annual profit increase = $400,000
The following formula is to be used in order to calculate the total profit enhancement in five years
The total profit increase in 5 years = 400000 multiply with 5 = $2,000,000 = $2 million , As compared to cost of $1 million.
Thus, The correct option is answer (C) To take on the new salon because the expected marginal benefit ($2 million over 5-years) is greater than the estimated marginal cost ($1 million).
They should open a second salon because the expected marginal benefit is $2 million over 5 years.
Explanation:Willa and Westley are considering opening an additional salon location. The estimate to open this salon is $1 million, but their profit is projected to increase by $400,000 each year for the next 5 years. Based on this information, they should open a second salon because the expected marginal benefit is $2 million over 5 years. The additional expenses of $1 million are outweighed by the increased profit they expect to earn.
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1. Brooks Agency set up a petty cash fund for $150. At the end of the current period, the fund contained $28 and had the following receipts: entertainment, $70; postage, $30; and printing, $22.Prepare journal entries to record (a) establishment of the fund and (b) reimbursement of the fund at the end of the current period.
Explanation:
The journal entries are as follows:
1. Petty cash A/c Dr $150
To Cash A/c $150
(Being the establishment of petty cash is recorded)
2.
Entertainment expenses A/c Dr $70
Postage expense A/c Dr $30
Printing A/c Dr $22
To Petty cash A/c $122
(Being the reimbursement of petty cash fund is recorded)
Brooks Agency initially established a petty cash fund with a journal entry debiting Petty Cash and crediting Cash for $150. At the end of the period, the fund was reimbursed with entries debiting the respective expenditure categories (Entertainment, Postage, Printing for a total of $122) and crediting Cash for the same amount.
Explanation:The question pertains to accounting journal entries relating to the establishment and replenishment of a petty cash fund. Let's answer this in two steps:
(a) When Brooks Agency set up the petty cash fund initially, the entry would be: Debit - Petty Cash $150, Credit - Cash $150. This illustrates the company removed $150 from its primary cash account and allocated it to petty cash.(b) At the end of the period, with the fund containing $28 in cash, Brooks Agency had expended $122 on various items. To reimburse the fund back to $150, entries would appear as follows: Debit - Entertainment $70, Debit - Postage $30, Debit - Printing $22, Credit - Cash $122. This signifies that cash was reduced by the amount reimbursed, and each expenditure was logged in its correct category.Learn more about petty cash accounting here:https://brainly.com/question/31694556
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On January 1, 2018, Gillock Climbing Academy instituted a defined benefit pension plan for its employees. The annual service cost for each year of 2018 and 2019 was $600,000. The interest rate used to determine the projected benefit obligation is 10%. Both the actual and the expected return on plan assets are 8% for both years. Gillock funded the plan in the amount of $400,000 each January 1, beginning on January 1, 2018. What amount of pension expense should Gillock report in its income statement for the year ended December 31, 2019?
Answer:
Pension Expense = EBE = $593440 for income statement
Explanation:
The opening balance of the Plan asset is made by the 40000 from 2018 plus interest of 32000 and the new 400000 made this year. Why include it? Because an opening balance are the funds in an account at the beginning of the year either from last year or are from current year but should be the first entry in the books of the current year.
DBO plan asset EBE
opening balance (600000) 832000 -
interest ( 60000) 66560 6560
current year's service cost (600000) (600000)
( 1260000 ) 898560 593440
balance sheet liability = 361440
Answer:
The pension expense to be reported in the income statement of Gillock for the year ended 31st December,2019 is $593,440.00
Explanation:
Find attached spreadsheet for detailed computation.
If you buy the stock and plan to sell it 3 years from now, what are your expected cash flows in (i) year 1; (ii) year 2; (iii) year 3? (Do not round intermediate calculations. Round your answers to 2 decimal places.)
Answer and Explanation:
Year 1 Dividend = 1.04
Year 2 Dividend = 1.08
Year 3 Dividend = 1.12
Year 3 Sale of Stock = 14.62
Year 1 Total Cash Flow = 1.04
Year 2 Total Cash Flow = 1.08
Year 3 Total Cash Flow = 15.74
Sunland Company's inventory records show the following data: Units Unit Cost Inventory, January 1 11100 $8.00 Purchases: June 18 9500 8.40 November 8 6000 9.00 A physical inventory on December 31 shows 6000 units on hand. Under the FIFO method, the December 31 inventory is $50400. $54000. $50592. $48000.
Answer:
$54,000
Explanation:
Given that,
Inventory, January 1 = 11,100 units at $8.00 per unit
Purchases, June 18 = 9,500 units at $8.40 per unit
Purchases, November 8 = 6,000 units at $9.00 per unit
Physical inventory on December 31 (units on hand) = 6,000
Under the FIFO method,
December 31 inventory:
= Physical inventory on hand × Cost per unit at November 8
= 6,000 × $9.00 per unit
= $54,000
Catherine Stevens has been assigned the task of preparing a marketing plan for her company for their next year's business activities. She knows that she should begin her plan by examining the variables that she has some control over. These controllable variables would include price, product, channels-of-distribution, and:__________
Answer:
Promotion.
Explanation:
Promotion is defined as the various activities that are carried out in bringing information about a product to the consumer. Various means are used to promote a product including advertisement via radio, television, internet, or newspapers. Referral is also used to promote products, and word of mouth.
Promotion is one of the four Ps of the marketing mix.
Marketing mix used is unique to a particular bcustomer type, for example the internet is a better channel to promote products to college students than newspapers.
Marketing mix is made up of price, product, place, and promotion.
In preparing a marketing plan, Catherine Stevens should consider controllable variables like price, product, channels-of-distribution and most importantly, promotion. These variables, alongside understanding of the market structure and production costs, will guide her towards optimal marketing strategies.
Explanation:Catherine Stevens is preparing a marketing plan for her company's next year's business activities. One of the first steps in creating this plan is understanding and examining the variables over which she has some influence. Price, product, and channels-of-distribution are all controllable variables, as well as an important one called promotion.
Variables like these can indeed impact a company's marketing strategies, as they relate directly to market structure and production costs. Production costs, both fixed and variable, are important as they play a role in determining the profit-maximizing quantity to produce and the price to charge. Furthermore, the understanding of the market structure and competition is crucial as it can further shape marketing strategies.
The production decisions, including the controllable variables, not only affect a firm's behavior but also its competitive standing in the market, its profits, and thereby its long-term survival and success.
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A school realizes that they need a new copy machine for their main office. The copy machine costs $5,500. After speaking with the financial advisor, they decide to pay 20% of the cost of the machine in cash and finance the rest through their credit union. How much is their monthly payment if the credit union will charge 2% per year compounded monthly for 2 years
Answer:
$187.18
Explanation:
In this question, we use the PMT formula that is shown on the attachment below:
Given that,
Present value = $5,500 - $5,500 × 20% = $4,400
Future value = $0
Rate of interest = 2% ÷ 12 months = 0.16666%
NPER = 2 × 12 months = 24
The formula is shown below:
= PMT(Rate;NPER;-PV;FV;type)
The present value come in negative
So, after solving this, the monthly payment is $187.18
The monthly payment for financing the copy machine is $98.10.
Explanation:To calculate the monthly payment for financing the copy machine, we first need to find the amount financed. The school pays 20% of the cost of the machine in cash, so they finance the remaining 80%.
Amount financed = $5,500 * 0.8 = $4,400
Next, we need to calculate the monthly interest rate. The credit union charges 2% per year compounded monthly, so the monthly interest rate is 2% / 12 months = 0.1667%.
Using the formula for calculating the monthly payment on a loan:
Monthly payment = (Amount financed * Monthly interest rate) / (1 - (1 + Monthly interest rate)^(-Number of payments))
Number of payments = 2 years * 12 months = 24
Substituting the values into the formula:
Monthly payment = ($4,400 * 0.1667%) / (1 - (1 + 0.1667%)^(-24))
Monthly payment = $98.10
On October 5, Windsor Company buys merchandise on account from Flint Company. The selling price of the goods is $4,890, and the cost to Flint is $3,490. On October 8, Windsor Company returns defective goods with a selling price of $670 and a fair value of $140. Record the transactions on the books of Flint. (Credit account titles are automatically indented when amount is entered Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the Part amounts.) Date Account Titles and Explanation Debit Credit o record credit sales (To record cost of goods sold on account) (To record credit granted for receipt of returned goods) /Tn rarn㎡ fair value nf nnnte raharnad)
Explanation:
The journal entries are as follows
1. Account receivable A/c Dr $4,890
To Sales revenue $4,890
(Being the goods are sold on credit)
2. Cost of goods sold $3,490
To Inventory $3,490
(Being the cost of goods is recorded)
3. Sales return and allowance A/c Dr $670
To Accounts receivable $670
(Being sales return is recorded)
4. Inventory $140
To Cost of goods sold $140
(Being sales return is recorded)
To record the journal transactions on the books of Flint Company, the Accounts Receivable, Sales, Cost of Goods Sold, Goods Inventory, and Sales Returns and Allowances accounts need to be debited and credited accordingly.
Explanation:To record the credit sales transaction on account, we will debit the Accounts Receivable account and credit the Sales account. The cost of goods sold on account is recorded by debiting the Cost of Goods Sold account and crediting the Goods Inventory account. The credit granted for the receipt of returned goods is recorded by debiting the Sales Returns and Allowances account and crediting the Accounts Receivable account.
The journal transactions will be -
1. Account receivable A/c Dr $4,890
To Sales revenue $4,890
(Being the goods are sold on credit)
2. Cost of goods sold $3,490
To Inventory $3,490
(Being the cost of goods is recorded)
3. Sales return and allowance A/c Dr $670
To Accounts receivable $670
(Being sales return is recorded)
4. Inventory $140
To Cost of goods sold $140
(Being sales return is recorded)
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Nikki, the design and development manager at Holden, recalls a team project done in college that failed because individual members of the team refused to take ownership and responsibility. This is a common problem of teams known as _____.
Answer:
Social Loafing.
Explanation:
Nikki, the design and development manager at Holden, recalls a team project done in college that failed because individual members of the team refused to take ownership and responsibility. This is a common problem of teams known as social loafing. Social loafing can be defined as the process when people put less efforts and energy while working in a group or team as compared to when they work alone. People feel that other people will be putting efforts, therefore, they should not put much efforts. Efficient managers need to eradicate this phenomenon with the help of proper communication of goals and objectives to every member of the team. They should convey it to the every member that everyone's contribution will make this project effective and successful.
Hilary is a retired teacher who lives in Miami and does some consulting work for extra cash. At a wage of $50 per hour, she is willing to work 10 hours per week. At $65 per hour, she is willing to work 19 hours per week.
Using the midpoint method, the elasticity of Hilary’s labor supply between the wages of $50 and $65 per hour is approximately ___ , which means that Hilary’s supply of labor over this wage range is ___ .
Answer:
Hilary is a retired teacher who lives in Miami and does some consulting work for extra cash. At a wage of $50 per hour, she is willing to work 10 hours per week. At $65 per hour, she is willing to work 19 hours per week.
Using the midpoint method, the elasticity of Hilary’s labor supply between the wages of $50 and $65 per hour is approximately 2.37 , which means that Hilary’s supply of labor over this wage range is elastic.
Explanation:
Midpoint elasticity = (Change in labor supplied / Average labor supplied) / (Change in wage rate / Average wage rate)
= [(19 - 10) / (19 + 10) / 2] / [$(65 - 50) / $(65 + 50) / 2]
= [9 / (29 / 2)] / [15 / (115 / 2)]
= (9 / 14.5) / (15 / 57.5)
= 0.62/0.26
Midpoint elasticity = 2.37
Once elasticity is greater than 1, supply of labor is Elastic.
Final answer:
Using the midpoint method, the elasticity of Hilary’s labor supply between the wages of $50 and $65 per hour is approximately 2.38, which means that Hilary’s supply of labor over this wage range is elastic.
Explanation:
The elasticity of Hilary’s labor supply can be calculated using the midpoint method. The formula for the elasticity of labor supply is:
Elasticity = (change in quantity supplied / average quantity supplied) / (change in wage / average wage)
Using Hilary's information, we know that:
The quantity supplied of labor increases from 10 hours to 19 hours.The wage increases from $50 to $65 per hour.So the elasticity will be calculated as follows:
Elasticity = ((19 - 10) / (19 + 10)/2) / (($65 - $50) / ($65 + $50)/2)
= (9 / 14.5) / (15 / 57.5)
= 0.6207 / 0.2609
= 2.38
This means that Hilary’s supply of labor over this wage range is elastic, as the elasticity of labor supply is greater than 1.
As an outcome for exceptional performance, Jeffery was provided the opportunity to make a highly visible presentation to the board of directors. However, Jeffery was extremely nervous and upset about the presentation. This consequence was viewed by Jeffery as:
Options:
A. Negative
B. Positive
C. Extinction
D. Punishment
Answer:A. Negative
Explanation:Being Nervous is a situation where a person feels or behaves in such a way to that he or she is scared and afraid or a certain situation or at the presence of certain factors or persons, it can also be described as not being angry about a particular action or Activity such as the presentation in the presence of the board of directors.
JEFFREY'S ACTION OF BEING NERVOUS SHOWS THAT HE VIEWS THE PRESERVATION AS A NEGATIVE CONSEQUENCE.
While conducting an audit, Larson Associates, CPAs, failed to detect material misstatements included in its client's financial statements. Larson's unqualified opinion was included with the financial statements in a registration statement and prospectus for a public offering of securities made by the client. Larson knew that its opinion and the financial statements would be used for this purpose. In a suit by a purchaser against Larson for common-law negligence, Larson's best defense would be that theA. audit was conducted in accordance with generally accepted auditing standards.B. client was aware of the misstatements.C. purchaser was not in privity of contract with Larson.D. identity of the purchaser was not known to Larson at the time of the audit.
Answer:
While conducting an audit, Larson Associates, CPAs, failed to detect material misstatements included in its client's financial statements. Larson's unqualified opinion was included with the financial statements in a registration statement and prospectus for a public offering of securities made by the client. Larson knew that its opinion and the financial statements would be used for this purpose. In a suit by a purchaser against Larson for common-law negligence, Larson's best defense would be that the audit was conducted in accordance with generally accepted auditing standards - option A.
Explanation:
In the scenario given, Larson did not have actual or constructive knowledge of the material misstatements so he audited according to the PCAOB auditing standards in the audit.
Thus, Larson's best defense would be that the audit was conducted in accordance with generally accepted auditing standards - option A.
Interest rates on 4-year Treasury securities are currently 5.6%, while 6-year Treasury securities yield 7.45%. If the pure expectations theory is correct, what does the market believe that 2-year securities will be yielding 4 years from now
Answer:
2 year yield 4 years from now = [ ( 1 + 0.056)⁶ / ( 1 + 0.0745)⁴]^1/2 - 1
2 year yield 4 years from now = [ 1.3867 / 1.3329]^1/2 - 1
2 year yield 4 years from now = 1.019 - 1
2 year yield 4 years from now = 1.99%
Explanation:
Lexy defined the needs and analyzed the competition for kids’ eyeglasses. She has also been collecting market information concerning what colors, designs, and shapes kids prefer for her company’s eyeglasses line for children. She analyzed the data and has presented it to the product manager of the line. What is one of the next steps for Lexy to take?
Answer:
The correct answer is letter "A": Determining price for the products.
Explanation:
After the competitors and features of the product have been identified in a project the next step involves setting the price. A cost forecast must be made so investors can determine how much they can charge to obtain profits. That price will be also an average of the price rival entities have set so the product entry in the market can be smooth.
The term "podcasting" is a misnomer because podcasts ________. are concerned with the dissemination of information to a narrow audience cannot be played on Apple's iPods are not related to distribution of digital media for digital devices can be played on a variety of devices in addition to Apple's iPods are concerned with outsourcing tasks to a large group of people or community
The term "podcasting" is a misnomer because podcasts can be played on a variety of devices in addition to Apple's iPods
Explanation:
The term podcasting is a combination of two words -iPod(a personal digital audio player made by apple) and broadcast
Podcast is a free service that is provided by a podcasting website which allows the internet users to download audio files for their personal purpose (Like computer or audio players)
Examples of Podcasting include include Amazon Video, Hulu, and Netflix.
Podcasting is a marketing tool which is used by the Marketing agencies for advertisement of it various products
The term "podcasting" is a misnomer because podcasts can be accessed and played on a wide range of devices beyond just Apple's iPods, reflecting their broad accessibility and versatility in the digital media landscape.
Explanation:The term "podcasting" is considered a misnomer because podcasts can be played on a variety of devices in addition to Apple's iPods. Initially, the name podcasting evolved from the popularity of the iPod, suggesting a misleading exclusive association with these devices. However, podcasts are digital audio or video pieces that can be accessed conveniently on a wide range of computers and handheld digital devices, not just Apple's iPods. They represent a significant shift in the way information and entertainment are distributed and consumed, allowing for the dissemination of content to a broad or narrow audience depending on the nature of the podcast.
The versatility and accessibility of podcasts illustrate their capacity to reach listeners through multiple types of devices, making the term "podcasting" somewhat of an anachronism in the contemporary media landscape.
Caspian Sea Drinks needs to raise $41.00 million by issuing bonds. It plans to issue a 14.00 year semi-annual pay bond that has a coupon rate of 5.07%. The yield to maturity on the bond is expected to be 4.84%. How many bonds must Caspian Sea issue? (Note: Your answer may not be a whole number. In reality, a company would not issue part of a bond.)
Answer:
Explanation:
Coupon rate = 5.07%
Yield to maturity = 4.84%
Rate = Yield/2 = 2.42%
N = 14 = 14*2 semiannually = 28 semiannually
Face value = $1000
PMT = (face value*coupon rate)/2 = $25.35
Need to find price which is PV
Using the financial calculator, PV = $1023
Number of bonds to be issued = 41,000,000/1023 = 40,078
Multi-source, or ____________, recognizes that the manager is no longer the sole source of performance appraisal information.
a) team appraisal
b) outside raters
c) peer evaluation
d) 360 degree feedback
Answer:
360 Degree Feedback
Explanation:
360 Degree Feedback or appraisal is a strategy or procedure in which employees of an organization during appraisal receive confidential, anonymous feedback from the other staff who work with them. This generally comprises the employee's manager, peers, and direct reports. That is as the name implies it has to go round, top to bottom. A variety of about eight to twelve people are expected fill out the anonymous online feedback form that asks questions encompassing a vast spectrum of workplace competencies. The appraisal forms include questions that are assessed on a rating scale and also ask raters to submit written statements. The person receiving appraisal also fills out a self-rating survey that includes the same survey questions that others receive in their forms.
At the beginning of the year an investor purchased 100 shares of common stock from ABC Corporation at $10 per share. During the year, the firm paid dividends of $1 per share. At the end of the year, the investor sold the 100 shares at $11 per share. What is the period return
Answer:
The periodic return or total return is 20%.
Explanation:
A stock can provide return in two forms: Dividends and Capital Gains. So, a formula that is used to calculate stock return must incorporate these two factors. Following formula is used;
Total Return = {(Selling Price - Purchase Price) + Dividends} / Purchase Price
This implies that Total Return = {(1,100 - 1,000) + 100} / 1,000 = .2 * 100 = 20%.
Thank you.