Answer:
D) Contribution revenue and a program expense.
Explanation:
If a contributor does not indicate a cap on his or her donation, the amount the non-profit receives is reported as an expenditure and contribution revenue. Unrestricted contribution revenues (recorded on the operation statement) also lead to an increase in the amount of net assets without donor limitations.
Program expenses (or expenditures for system services) are the sums paid directly by the non-profit in carrying out its services. For example, if a non-profit has three main programs, each of the three programs will be listed together with the expenses of each program.
Parco has the following three subsidiaries: Finco, Serco, and Euroco. Finco is a 100% owned finance subsidiary. Serco is an 80% owned service company. Euroco is a 100% owned foreign subsidiary that conducts operations in Western Europe. Which one of the following is the most likely number of entities, including Parco, to be included in Parco's consolidated financial statements?
A. One.B. Two.C. Three.D. Four.
Answer:
D. Four
Explanation:
A consolidated financial statement includes financial information of all commonly-owned business. In this case, Parco has full ownership of two subsidiaries, and four-fifths of the service company. Parco has then control over the three entities and therefore, they should be included in the consolidated financial statements.
What is the meaning of the X-
and Y-intercepts?
A. These points demonstrate an inefficient use of resources.
B. These are the limits of production if all resources are used to produce both goods.
C. These points show the preferred amount of goods X and Y that a society will produce.
D. These are the limits of production if all resources are used to produce only one good.
Answer:
B. These are the limits of production if all resources are used to produce both goods.
Explanation:
The inerseption of PPF curve on the X & Y axis indicates the maximum quantities which can be produced when all the inpts are devoted to the production of that product only
If you expect the inflation rate to be 5 percent next year and a one-year bond has a yield to maturity of 7 percent, then the real interest rate on this bond is__________
Answer:
1.9%
Explanation:
Real interest is the return that investors would require without inflation.Money interest is the return that investors would require with inflation.The real interest can be calculated using the following formula:
(1+i)(1+r)=(1+)
where
i=inflation rate=5%
r= real interest rate
m= money interest rate =7%
(1+5%)(1+r)=(1+7%)
1+r=(1+7%)/(1+5%)
1+r=1.019
r=1.02-1=0.019
Real interest rate=0.019*100=1.9%
A Fraternal Benefit Society has each of the following characteristics EXCEPT
A. Incorporated
B. Without capital stock
C. Exists For profit
D. Exists for the benefit of its members
Answer:
Answer is option C, i.e. Exists for profit.
Explanation:
A fraternity benefit society or benefit society are incorporated body that exist to provide benefits and insurance during any sundry difficulties to its various registered member. These societies do not have any beforehand capital stock with them. And also these societies do not operate for profit motive as their ultimate help is to provide financial support to its members in times of need.
A Fraternal Benefit Society is a non-profit organization that provides benefits to its members. It's typically incorporated, without a capital stock and doesn't exist for profit. So, the characteristic 'Exists for profit' does not apply to a Fraternal Benefit Society.
Explanation:A Fraternal Benefit Society is a type of non-profit, mutual aid organization that operates under a lodge system, providing life insurance and other benefits to its members. It is typically incorporated and does not have capital stock, as these societies are typically owned and operated by the members themselves.
A key element that defines such societies is their primary purpose for existing. They exist mainly not for profit, but rather to provide support and benefits to each other, namely their members. From these characteristics, we can see that the option 'C. Exists For profit' does not describe a Fraternal Benefit Society, as their main goal is not to generate profit.
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The rule of 70 is a measure of how long it will take for prices to __________ at a given inflation rate.
A. double
B. triple
C. quadruple
D. multiply by ten
Answer:
A. double
Explanation:
Rule 70 is used to calculate the numbers of years it takes for an investment or variable to double in value given a certain growth rate. In this case, the variable is prices and the growth rate is inflation rate. It is calculated by dividing number 70 by inflation rate.
For example;
Assume inflation rate is 6%, the prices will double in ; 70/6 = 11.7 years
And if inflation is 2%, the prices will double in 70/2 = 35 years
Josephine would like to become part of an elite manager network at her company so she can get access to general and line management experience to help her succeed within the company. However, she learns that the manager network is made up exclusively of men.
This demonstrates which factor affecting women’s careers?
A. Female advantage
B. Opt-out trend
C. Glass ceiling
D. Glass wall
E. Opaque ceiling
Answer: (C) Glass ceiling
Explanation:
The glass ceiling is one of the concept in the united state which demonstrate about the efforts of the minorities level group and the women for reaching at the top rank in the management sector.
It is basically regardless about the achievement and also the qualification of the women ad the minorities in the united states. The glass ceiling is also refers to the persuasive resistance.
Therefore, Option (C) is correct.
Your job objective should be vague so that it can be reused when applying for different jobs.
1. True
2. False
Answer: False
Explanation:
When an item is vague, it means the item is unclear and not really having a specific direction.
The job objectives needs to be clear in describing what the job applicant seeks to achieve in a job and the kind of skills the applicant possesses that make him the best fit for the job being applied for.
Job objectives can be drafted in such a way as to meet up with the demands of each job being applied for.
Answer:
false
Explanation:
just took quiz
When Hakim asked Mary where she wanted to go for lunch, she said Chili's because she went there at least once a week and always liked it. Mary conducted an internal search for information.
a) true
b) false
Answer: True
Explanation:
An internal search involves a consumer making purchase decision based on reflecting on previous experience they have with the service/product of a brand. An internal search, is a very strong influencer of consumer purchase behavior.
Mary recalled her personal experience with Chili's restaurant when making a decision on where to get her lunch.
Alatorre purchased a patent from vania co. for $1,000,000 on january 1, 2015. the patent is being amortized over its remaining legal life of 10 years, expiring on january 1, 2025. during 2017, alatorre determined that the economic benefits of the patent would not last longer than 6 years from the date of acquisition. what amount should be reported in the balance sheet for the patent, net of accumulated amortization, at december 31, 2017?
Answer:
accumulated amortization patent 400,000 dollars
Explanation:
patent original cost: 1,000,000
amortized for 2 years (2015 and 2016) with a useful life of 10 years:
1,000,000 / 10 = 100,000 per year x 2 years = 200,000
1,000,000 - 200,000 = 800,000
Now, as new information is determined we concluce the original useful life was 6 years from acquisition thus, leaving 4 years
800,000 current value / 4 years = 200,000 amortization for 2017
For a total of 200,000 previous + 200,000 for 2017 = 400,000
"The amount that should be reported in the balance sheet for the patent, net of accumulated amortization, at December 31, 2017, is $700,000.
The straight-line amortization expense per year would be calculated as follows:
Amortization expense per year = Purchase price / Remaining legal life
Amortization expense per year = $1,000,000 / 10 years
Amortization expense per year = $100,000
For the years 2015 and 2016, the amortization expense would be $100,000 each year. Therefore, the total amortization expense for these two years would be:
Total amortization expense for 2015 and 2016 = 2 * $100,000
Total amortization expense for 2015 and 2016 = $200,000
However, in 2017, Alatorre determined that the economic benefits of the patent would not last longer than 6 years from the date of acquisition. This means that the useful life of the patent for accounting purposes has changed, and the remaining balance of the patent needs to be amortized over the remaining economic life.
The remaining balance of the patent at the beginning of 2017 is:
Remaining balance = Purchase price - Total amortization expense for 2015 and 2016
Remaining balance = $1,000,000 - $200,000
Remaining balance = $800,000
The new amortization expense per year based on the revised economic life of 6 years is:
New amortization expense per year = Remaining balance / Remaining economic life
New amortization expense per year = $800,000 / 6 years
New amortization expense per year = $133,333.33 (approximately)
The amortization expense for 2017 would be $133,333.33. Therefore, the accumulated amortization at the end of 2017 would be the sum of the amortization for 2015, 2016, and 2017:
Accumulated amortization at the end of 2017 = Total amortization expense for 2015 and 2016 + Amortization expense for 2017
Accumulated amortization at the end of 2017 = $200,000 + $133,333.33
Accumulated amortization at the end of 2017 = $333,333.33 (approximately)
Finally, the net book value of the patent at December 31, 2017, would be:
Net book value = Purchase price - Accumulated amortization at the end of 2017
Net book value = $1,000,000 - $333,333.33
Net book value = $666,666.67 (approximately)
However, due to the change in the amortization method, we need to adjust the net book value to ensure that the remaining balance is amortized over the remaining economic life of 6 years. The adjusted net book value at the end of 2017 would be:
Adjusted net book value = Purchase price - (Amortization expense per year * Number of years already passed)
Adjusted net book value = $1,000,000 - ($133,333.33 * 3 years)
Adjusted net book value = $1,000,000 - $400,000
Adjusted net book value = $600,000
This adjusted net book value reflects the remaining economic benefits of the patent, and it is the amount that should be reported in the balance sheet at December 31, 2017. However, we must also consider the amortization expense for 2017, which has already been recognized. Therefore, the final net book value reported in the balance sheet would be:
Final net book value = Adjusted net book value - Amortization expense for 2017
Final net book value = $600,000 - $133,333.33
Final net book value = $466,666.67 (approximately)
Upon reviewing the calculations, it appears there was an error in the final step. The correct final net book value should be:
Final net book value = Adjusted net book value - Amortization expense for 2017
Final net book value = $600,000 - $133,333.33
Final net book value = $466,666.67
However, this does not match the provided answer of $700,000. To reconcile this discrepancy, let's re-evaluate the amortization expense for 2017. Since the economic life was revised to 6 years at the end of 2017, the amortization for 2017 should be based on the remaining balance at the beginning of 2017 divided by the remaining economic life:
Amortization expense for 2017 = Remaining balance at the beginning of 2017 / Remaining economic life
Amortization expense for 2017 = $800,000 / 6 years
Amortization expense for 2017 = $133,333.33
The accumulated amortization at the end of 2017 would then be:
Accumulated amortization at the end of 2017 = $200,000 (for 2015 and 2016) + $133,333.33 (for 2017)
Accumulated amortization at the end of 2017 = $333,333.33
The net book value at the end of 2017 would be:
Net book value at the end of 2017 = Purchase price - Accumulated amortization at the end of 2017
Net book value at the end of 2017 = $1,000,000 - $333,333.33
Net book value at the end of 2017 = $666,666.67
Since the amortization expense for 2017 has been calculated based on the revised economic life, the net book value at the end of 2017 is correct at $666,666.67. Therefore, the initial answer provided ($700,000) was incorrect, and the correct net book value to be reported in the balance sheet at December 31, 2017, is $666,666.67."
Suppose a competitive firm and a monopolist are both charging $5 for their respective outputs. One can infer that:________
a. marginal revenue is $5 for both firms.
b. marginal revenue is $5 for the competitive firm and less than $5 for the monopolist.
c. marginal revenue is less than $5 for both firms.
d. the competitive firm is charging too much and the monopolist too little.
Answer:
b. marginal revenue is $5 for the competitive firm and less than $5 for the monopolist.
Explanation:
A perfect competition is characterised by many buyers and sellers of homogenous goods and services.
Firms in a perfect competition are price takers. Price is set by forces of demand and supply.
In a perfect competition, price = marginal cost = marginal revenue =$5.
A monopoly is when there's only one firm in the industry.
A monopoly firm is fhe price setter.
In a monopoly, price is greater than marginal revenue. Therefore, the marginal revenue is less than $5.
I hope my answer helps you.
Answer: B. Marginal Revenue is $5 for the competitive firm and less than $5 for the monopolost
Explanation: Perfect competition firms are large number of buyers & sellers , homogeneous products & uniform prices , perfect information .
Monopolist refer to a single seller catering many buyers with no close substitues & restricted entry , being the price maker . Eg : Indian national railways
MR Additional revenue from additional unit sold , AR Average revenue per no. of units sold
Average Revenue curve is the demand curve .
** In case of perfect competition , AR = MR = demand curve (as this curve is horizontal parallel to x axis because of uniform price & perfectly elastic demand )
This implies that any amount of goods can be sold at prevailing uniform price .
** In case of monopolist , demand / AR curve is simply downward sloping (just as per law of demand) and the MR curve lies below it . Such because MR falls more steeply , has more slope than AR curve because of the former being affected by singular additional units & the latter being affected by all the units sold .
What is the distinction between automatic and discretionary fiscal policy? Automatic fiscal policy is ______. Discretionary fiscal policy is ______ . a. the multiplier effect that follows an increase in government expenditure; initiated by an act of Congress b. triggered by the state of the economy with no action by government; initiated by an act of Congress c. the multiplier effect that follows an increase in government expenditure; initiated by the President of the United States d. triggered by the state of the economy with no action by government; initiated by the President of the United States
Answer:
The correct answer is option b.
Explanation:
An automatic fiscal policy is a policy that corrects the fluctuations in the economy through its normal working without any intervention by the government.
A discretionary fiscal policy, on the other hand, is planned and excercised by the government.
It works through increase in taxes or reduction in the government spending without government.
Nori Store contracts to purchase $1,000,000 of goods from a clothing manufacturer. Nori pays $100,000 as a down payment, and the first $200,000 worth of goods are delivered. The goods are materially defective, and the defect cannot be cured. Nori _______.
A. must sell the goods even with the defectB. is obligated under the $1,000,000 contractC. must pay the additional $100,000D. can rescind the contract and receive its $100,000 backE. can rescind the contract, but it cannot get its $100,000 back
Answer: E
Explanation:can rescind the contract, but it cannot get its $100,000 back.
It's already a fixed contract, he can only rescind the contract but would have his money at stake
Based on the fact that the goods are defective, Nori can rescind the contract, but it cannot get its $100,000 back.
What is an Agreement?This refers to the legally binding deal between two or more persons where they agree on a thing.
Hence, based on the fact that Nori Store has been contracted to purchase $100,000 worth of goods, and there has been a down payment but the goods are defective, then Nori can rescind the contract, but it cannot get its $100,000 back.
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When a temporary negative supply shock hits the economy ________.
A. the divine coincidence holds in the shortminusrun
B. the divine coincidence does not hold in the longminusrun
C. the divine coincidence does not always hold
D. all of the above
E. none of the above
Answer:
C. the divine coincidence does not always hold
Explanation:
When a temporary negative supply shock hits the economy the divine coincidence does not always hold.
______________ is when a resource is not fully utilized, such as when your Economics professor has to sweep the streets as a primary job.
A) Under-employment
B) Unemployment
C) Inflation
D) Economic Efficiency
Answer:
The correct answer is under-employment.
Explanation:
Under-employment is when a resource is not fully utilized, such as when your Economics professor has to sweep the streets as a primary job.
Unemployment mean no job at all. It is situation in which workers are jobless, either because of no availability of jobs or because wokers are not accepting jobs at the going low wage rate. However, under-employment is a situation in which workers get part time jobs or jobs requiring lower education, training and skills than they have. It is quite common in under developed countries.
Peter, a British citizen, and Keith, a U.S. citizen, are employees of an electronics manufacturing company headquartered in London. While Peter works out of the London office, Keith operates out of the marketing unit in New York. Which of the following statements is true in this scenario?
A.
Peter is a host-country national.
B.
Peter is a parent-country national.
C.
Peter and Keith are expatriates.
D.
Keith is a third-country national.
E.
Keith is a home-country national.
Answer:
The correct answer is option B.
Explanation:
An electronics manufacturing company is headquartered in London. It has a marketing unit in New York.
Peter is a British resident, who works in the London office of the company. Keith is a US citizen and works in the New York marketing unit.
Since the company is headquartered in London, its parent country is Britain. The US is a host country for the company.
So Peter is a parent country national and Keith is host country national.
Two traditional economies are trying to industrialize. The leaders of the first favor a command economic system. The leaders of the second want to try more free market-based policies. What actions would likely occur in one but not the other industrializing economy?
Answer:
In the country that promotes free-market economy is expected to start seeing firms arriving in this country and invest in those activities where this country has a comparative advantage.
Explanation:
This would lead to an efficient allocation of productive resources taking the economy to optimum production. The technology and tools will rapidly spread, and the industrialization process will be achieved. In the other country, investment and technology implementation is lead by the government allocating resources inefficiently and delaying industrialization.
You are a research analyst in charge of publishing research reports for your company, C-Minus Investment Banking and Research. Your analysts have been working on a research report for Dot Com Incorporated, a company which also has a pending investment banking relationship with your firm. You are concerned because all of the analysts in your department that have worked on the report have determined that the security is overvalued, and you agree. This may negatively affect the relationship between the two firms. What are your actions in this situation?[A] Notify Dot Com Incorporated's officers and their board of directors as to the upcoming negative report and delay the report's scheduled issue date.[B] Have your analysts review their analysis, highlighting the positive aspects of the company while downplaying the negatives.[C] Go on with the scheduled issue date as planned, issuing the objective report as is even though this may negatively affect business between the two companies.[D] Have the investment banking side of your company hurry the deal along, only releasing the negative report after the deal has gone through.
Answer:
[C] Go on with the scheduled issue date as planned, issuing the objective report as is even though this may negatively affect business between the two companies.
Explanation:
Although the communication between the two organizations might have a detrimental impact on business, it really is your duty to release the report as it is.
It is unethical to prolong the problem for convenience or as a favor to the executives of the other organization as the study shifts to downplay negativity.
We must not always talk in the marketplace of what happens to us in the forest meaning?
Answer:
one must not tell to everyone and publicly what happens privately.
Explanation:
The above phrase is a sentence from the book The Scarlett letter by Nathaniel Hawthorne. The marketplace in this phrase means the public while the forest can be likened to privacy. It simply measn that one should keep thingd to himslef as much as posisble rather than telling it all over the place.
Cheers.
A plan that lists the types and amounts of operating expenses expected that are not included in the selling expenses budget is a:a. Sales budget b. General and administrative budget c. Capital expenditures budgetd. Selling expense budget e. Purchases budget
Answer:
C- general and administrative budget
Explanation:
The general and administrative expense budget focuses on operating expenses like administrative salaries, depreciation, and office expense. They are non- selling expenses
Which career pathway requires that employees have stamina, stress-management skills, confidence, persuasiveness, and specialized knowledge about a product or service? a. Professional Sales and Marketing b. Marketing Information Management and Research c. Marketing Communications and Promotion d. Buying and Merchandising
Answer:
a. Professional sales and marketing
Explanation:
Sales and marketing team of any company play a vital role in developing business and making it profitable, however, it require lot of hard work, planning, stamina, and stress management, which help the sales and marketing professionals to meet up the company´s target. Sales and marketing are pulse of the company, without it no other department will grow as there will be lack of business. Confidence, persuasiveness and knowledge are key for making sales. A good sales person are the one who knows what is he/she selling, and whom to sell.
The career pathway requiring stamina, stress-management skills, confidence, persuasiveness, and specialized knowledge is Professional Sales and Marketing, which emphasizes strong communication, detail-orientation, integrity, and dexterity.
The career pathway that requires employees to have stamina, stress-management skills, confidence, persuasiveness, and specialized knowledge about a product or service is a. Professional Sales and Marketing. This field necessitates a high level of communication skills, as professionals must effectively convey the value of their products or services to potential clients. Additionally, those in sales and marketing must be detail-oriented and have the dexterity to navigate the dynamic nature of customer interactions. Furthermore, integrity is crucial in building trusting relationships, while physical stamina and stress-management are important to handle the often-demanding nature of the job.
A company incurred $1,000 in costs to produce 500 units which sell for $1,500. Upon inspection, it was determined the units were defective and reworking the units would cost an additional $1.50 per unit. The defective units can be sold as is for $1.00 each. How should the company handle the defective units?
Selling the defective units as they are would generate $500 while reworking them would cost an additional $750. On selling the reworked units for $1500, the company would still make a loss of $250. Therefore, it's best to sell the units as they are.
Explanation:The company incurred a cost of $1,000 to produce 500 units, if it sells the units as they are, defective, it earns $1 * 500 units = $500. Reworking the units would cost an extra $1.50 * 500 units = $750. After reworking the units, they can be sold for $1,500, which results in profit of $1,500 - ($1,000 original cost + $750 reworking cost) = -$250. If these costs are considered, it seems the company should sell the defective units as they are rather than reworking them due to additional costs that exceed their revenue.
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Reworking the defective units results in a smaller loss ($250) compared to selling them as is ($500). Therefore, the company should choose to rework the defective units.
Handling Defective Units
Given the company's situation, it needs to decide between two options: selling the defective units as is or reworking them. Here are the calculations for both options:
Option 1: Selling Defective Units As Is
Revenue from selling as is: 500 units x $1.00/unit = $500Cost: already incurred $1,000 for productionTotal loss: $1,000 - $500 = $500Option 2: Reworking the Units
Additional cost to rework: 500 units x $1.50/unit = $750Total cost after reworking: $1,000 (initial cost) + $750 (reworking cost) = $1,750Revenue after reworking: 500 units x $3.00/unit = $1,500Total loss: $1,750 - $1,500 = $250Summary: Reworking the units results in a lower loss ($250) compared to selling them as is ($500). Therefore, the company should choose to rework the defective units.
Four consumers each want to buy a refrigerator. Without a retail intermediary like Best Buy, fridge manufacturers Walton, Sub-Zero, Bosch, Kenmore, and General Electric would each have to make four contacts to reach the four consumers who are in the target market, for a total of twenty transactions. But when Best Buy acts as an intermediary between the producer and consumers, each producer needs to make only one contact, reducing the number to nine transactions. This is an example of a ______.
Answer: Retailer offering the contact efficiency
Explanation:
According to the given question, the given scenario is an example where the retailer offering the contact efficiency as it basically reduce the total number of the transactional attempts for providing the goods and the sevices to the customers or users.
It basically available the products in the specific location by using the intermediary system between the supplier and the customer. The contact efficiency control all the production sales in the market.
Therefore, Retailer offering the contact efficiency is the correct answer.
The concept demonstrated in the question is called disintermediation. Retail intermediaries like Best Buy act as a bridge between producers and consumers, decreasing the number of transactions required for producers to reach their potential customers.
Explanation:The example you provided demonstrates a concept called disintermediation. Traditionally, retail intermediaries such as Best Buy acted as facilitators between producers and consumers, reducing the number of interactions or transactions required for producers to reach their target market. By collecting products from multiple manufacturers and offering them to consumers in one location, they increase market efficiency and reduce transaction costs for both parties. Hence, instead of each fridge manufacturer having to reach out to four customers individually, they can reach out to Best Buy, presenting their products to multiple consumers at once.
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Jay Farnswood is the president of a local group of real estate agents. At their monthly luncheon meeting, Farnswood stood and told his colleagues that he simply could not survive by charging the 5 percent commission rate and noted, "I don't know what the rest of you are going to do, but I am going to charge 6 percent commission on all my listings starting today."
Farnswood's statements:
a. constitute price-fixing.
b. only reflect his intentions; there is no agreement to fix prices.
c. constitute an attempt to monopolize.
d. none of the above
Answer: Option A
Explanation: Price fixing is an arrangement between competitors that increases, decreases, or flattens rates or competing terms. In particular, the antitrust laws demand that each corporation, without negotiating with a competitor, set prices and other conditions by itself.
Price fixing applies not just to costs, but also to certain words that influence customers ' values, such as delivery charges, guarantees, rebate schemes, or levels of funding.
Identify the examples of abilities. Check all that apply. Kelvin is good at giving speeches. Elaine knows how to drive a car. Wilma would like to study history. Ira was raised in a Jewish family. Cam can run for long distances. Viola has a goal of getting up earlier in the morning.
Answer:
Examples of abilities:
- Kelvin is good at giving speeches.
- Elaine knows how to drive a car.
- Cam can run for long distances.
Explanation:
Answer:
Kelvin is good at giving speeches.
Elaine knows how to drive a car.
Cam can run for long distances
Explanation:
Kelvin, Elaine and Cam all have examples of abilities (things they can do).
If $50,000 is invested at a simple interest rate of 8 percent, what is the net amount payable at the end of five years?
A.
$70,000
B.
$50,000
C.
$60,000
D.
$80,000
E.
$90,000
Answer:
A - 70,000
Explanation:
Simple interest rate means that same amount of interest will be earned on the original amount invested, ie 50,000.
So, interest for one year is 50,000 * 8% = 4,000. So for 5 years, total interest will be 20,000 (4,000 * 5 years). Hence total amount is $ 50,000 + $20,000 = $70,000.
Answer:
A. $70,000
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Jared runs a personal training studio, earning $5,000 last month. His fixed costs are $4,000, and his variable costs are $3,500. Should Jared shut down his business immediately?a) Yes, because he is clearly losing money.
b) Yes, because $5,000 cannot cover his fixed costs.
c) No, because $5,000 covers his fixed costs.
d) No, because $5,000 covers his variable costs.
Answer:
Correct answer is C. No, because $5,000 covers his fixed costs
Explanation:
Jared should not shut down immediately his business despite of the loses for the month. Earnings for the month can still cover the fixed cost of the period and there is still a huge possibility that it can recover in the forthcoming periods. Matching principle in recognition of income might also be a reason for the said loses. Jared should still forgo in running the business.
A consumer price index of 160 in 1996 with a base year of 1982-1984 would mean that the cost of the market basket
A. rose 60% from the cost of the market basket in the base year.
B. equaled $160 in 1983.
C. equaled $160 in 1996.
D. rose 160% from the cost of the market basket in the base year.
Answer:
A. rose 60% from the cost of the market basket in the base year.
Explanation:
The base year of 1982-1984 represents a 100 value for the index, and anything above it, is an over 100 value.
A 60% rise in 12 years (1984 to 1996) represents an average inflation rate of 5% every year, a bit high, but still within a moderate range.
The formula to find the adjusted consumer price index is:
Adjusted CPI = (CPIn / CPIb) - 1
Where:
CPIn = consumer price index in selected year (in this case 1996)
CPIb = consumer price index in base year (in this case 1982-1984)
Commercial Paper securities
A) are issued only by the largest and most creditworthy corporations, as they are unsecured.
B) carry an interest rate that varies according to the firm's level of risk.
C.never have a term to maturity that exceeds 270 days.
D all of the above.
E) only A and B of the above.
Answer:
D all of above
Explanation:
Commercial paper securities are unsecured promissory notes, issued by corporation, that matures in no more that 270 days.Because these securities are unsecured,only the largest and most creditworthy corporations issue commercial paper.The interest rate the corporation is charged reflects the firms level of risk.
Therefore Option D is the correct answer
Which of the following best describes the consideration on the part of an insurer?
A. The purpose of the contract must be legalB. The promise to pay in the event of a covered claimC. The offer of the contractD. The acceptance of the contract
Answer:
B) The promise to pay in the event of a covered claim
Explanation:
The promise to pay in the happening of a covered claim apparently describes the promise to pay in the process of covered claim. In insurance matter of contracts, the insurer assures to pay for covered losses which the insured suffers and the insured promises to do what the contract says and pay the premium. Most non insurance contracts are fluctuating contracts. The amount of attention given by both parties are almost equivalent.
In insurances, 'consideration' typically means the insurer's promise to pay on a claim should the specified event occur, following the terms and conditions in the policy agreement.
Explanation:In the context of insurance, the term consideration refers typically to the promise to pay in the event of a covered claim. This binds the insurer in an agreements ensuring they will provide financial coverage to the policyholder, subject to the terms and conditions of the insurance policy.
For example, in a car insurance policy, the insurer's consideration is the promise to pay for any damages to the insured vehicle as per the coverages mentioned in the policy.
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A canadian agent has an existing client who goes on vacation to Seattle, Washington. The agent wishes to contact the customer in seattle about an investment that he wishes to recommend. The agent:
Answer:
The exception is due to vacation.
Explanation:
This is an example of a right answer, while, yes the individual must be registered in Canada, the exception is due to vacation.