Answer:
A. $185,000
B. Raw material $70,000
Work in process $50,000
Finished goods $85,000
Explanation:
A. Preparation of the January income statement for Sorensen Manufacturing Company
Sorensen Manufacturing Company
Income statement
Sales $1,200,000
Cost of goods sold $675,000
Gross profit $525,000
Operating expense
Selling expense $215,000
Administrative expense $125,000
Total operating expense $340,000
($215,000+$125,000)
Operating income $185,000
($525,000-$340,000)
B. Calculation to Determine the inventory balances at the end of the first month of operations.
Sorensen Manufacturing Company
Inventory Balances For the Month Ended January 31
Raw material =$250,000-$180,000
Raw material =$70,000
Work in process =$180,000+$450,000+$180,000-$760,000
Work in process =$50,000
Finished goods =$760,000-$675,000
Finished goods=$85,000
Explain using examples the three measures of measuring GDP
Answer: See explanation
Explanation:
The gross domestic product means the value in terms of money of the goods that a nation produces. The three measures of measuring the gross domestic product are:
1. Expenditure approach: This approach has to do with the addition of all the expenses that was incurred in a particular economy on the final goods and services. This can be calculated using C+I+G+(X-M)
where,
C = consumption.
I = investment
G = government expenditure
X = export
M = import
2. Income approach: This involves the addition of all the income that is earned in a particular country for the year. In this case, one will need to add the wages, salaries, interest, profit and rent.
3. Value added approach: This has to do with the addition of the value added which is down at every production level.
Carla Vista Company has the following information available for September 2020.
Unit selling price of video game consoles $410
Unit variable costs $328
Total fixed costs $36,900
Units sold 600
Compute the unit contribution margin.
Unit contribution margin enter the unit contribution margin
Prepare a CVP income statement that shows both total and per unit amounts.
Compute Carla Vista’ break-even point in units.
Break-even point in units enter Break-even point in units units
Prepare a CVP income statement for the break-even point that shows both total and per unit amounts.
Answer:
Carla Vista Company has the following information available for September 2020.
Unit selling price of video game consoles $410
Unit variable costs $328
Total fixed costs $36,900
Units sold 600
Compute the unit contribution margin.
Unit contribution margin enter the unit contribution margin
Prepare a CVP income statement that shows both total and per unit amounts.
Compute Carla Vista’ break-even point in units.
Break-even point in units enter Break-even point in units units
Prepare a CVP income statement for the break-even point that shows both total and per unit amounts.
Which of the following statements is true? Group of answer choices When you invest money, you are taxed each year on any capital gains even if you do not sell the asset. Both when you invest money, you are taxed each year on any capital gains even if you do not sell the asset and you will be taxed each year that you receive a dividend from an investment are correct. You will be taxed each year that you receive a dividend from an investment. Interest earned on an investment is considered to be tax free until you sell the investment.
Answer:
Interest earned on an investment is considered to be tax free until you sell the investment.
Explanation:
Time Value of Money is Simply know as to the truth or fact that money received today is worth more money received next year or the year after it.
Future Value is the rate or amount of money an investment will grow to over some period of time at some given interest rate. Investment is simply known as the buying or purchase of assets with the aim of increasing future income and interest.
After-tax rate of returns of investments depends on Before-tax rate of return., When investment income and gains are taxed,Taxed annually, e.t.c.
Edith is the owner and manager of a small coffee shop that employs three workers who use the shop’s one coffee machine to make and serve coffee to paying customers. Business has begun to pick up; lines are getting longer every day in her shop. On a busy morning, she sees her baristas scrambling to take orders, get cups, fill coffee from the coffee machine, add cream and sugar, and serve customers in a timely manner. She figures if she hires three more baristas she’ll be able to sell twice as much coffee.Adding more and more workers does not constantly increase production because of _______SELECT THE CORRECT ANSWER different productivity levels between various laborers.diminishing marginal costs.diminishing marginal product of labor.substitutes in production.
Answer:
diminishing marginal product of labor.
Explanation:
The diminishing marginal product of labor theory states that as more of a variable production factor is increased there will initially be an increase in production.
However as more of the variable factor is added increase in production reduces until increase in variable factor results in decrease in production.
In the given scenario where Edith employs 3 baristas, an increase to 6 may yield lower productivity per unit of employee added
Is anyone good at introduction to business?
Answer:
Yeah I'm good with business too
Explanation:
A company owns a 5-year old turret lathe that has a book value of $25,000. The present market value for the lathe is $16,000. The expected decline in market value is $2,000/year to a minimum market value of $4000. maintenance plus operating costs for the lathe equal $4,200/year. A new turret lathe can be purchased for $45,000 and will have an expected life of 8 years. The market value for the turret lathe is expected to equal $45,000(0.70)k at the end of year k. Annual maintenance and operating cost is expected to equal $1,600.
Based on a 12% before-tax MARR, should the old lathe be replaced now? Use an equivalent uniform annual cost comparison, a planning horizon of 7 years, and the cash flow approach.
Answer:
old lathe should not be replaced now
Explanation:
Using MARR of 12%
Price decline of 2000 per year ; salvage value = (present market value - does cline per year)
Present market value of old lathe = $16000
Opening market value at year end = (16000 * 1.12) = 17920
Add: Maintainace plus operating cost = $4200 / year
Salvage value = 16000 - 2000 = 14000
Annual cost : (Opening market value + operating cost - salvage value)
Annual cost :
Year 1 = (17920 + 4200 - 14000) = 8120
Year 2:
Opening market value at year end = (14000 * 1.12) = 15680
Salvage value = (14000 - 2000) = 12000
Annual cost :
Year 1 = (15680 + 4200 - 12000) = 7880
Year 3:
Opening market value at year end = (12000 * 1.12) = 13440
Salvage value = (12000 - 2000) = 10000
Annual cost :
Year 1 = (13440 + 4200 - 10000) = 7640
Year 4:
Opening market value at year end = (10000 * 1.12) = 11200
Salvage value = (10000 - 2000) = 8000
Annual cost :
Year 1 = (11200 + 4200 - 8000) = 7400
New machine :
Opening market value of year end = (45000 * 1.12) = 50,400
Add : Maintenance plus Operating expense = $1600
Salvage value = 45000 * 0.7 = 31500
Annual cost :
50400 + 1600 - 31500
= 20500
New machine has a far greater annual cost thb the old, hence the old machine should still be used for now.
Click on the item below that contains a comma splice.
A. Martin Luther was born in Eisleben, Germany, about 110 kilometers from the church in Wittenberg where he nailed his ninety-five theses to the door.
B. Martin Luther was born in Eisleben, Germany; about 110 kilometers from there is Wittenberg, where he nailed his ninety-five theses to the door.
C. Martin Luther was born in Eisleben, Germany, about 110 kilometers from there is Wittenberg, where he nailed his ninety-five theses to the door.
Answer:
The item that contains a comma splice is:
C. Martin Luther was born in Eisleben, Germany, about 110 kilometers from there is Wittenberg, where he nailed his ninety-five theses to the door.
Explanation:
The comma splice occurred when two independent clauses are incorrectly joined by a comma instead of a semicolon or a full stop. To avoid this comma splice, the independent clause, "about 110 kilometers from there is Wittenberg," is identified. We can either put a semicolon after Germany or a full stop. Putting a full stop separates the sentence into two.
A company’s January 1, 2014 balance sheet reported total assets of $120,000 and total liabilities of $40,000. During January 2014, the following transactions occurred: (A) the company issued stock and collected cash totaling $30,000; (B) the company paid an account payable of $6,000; (C) the company purchased supplies for $1,000 with cash; (D) the company purchased land for $60,000 paying $10,000 with cash and signing a note payable for the balance. What is total stockholders’ equity after the transactions above?
A. $30,000.
B. $110,000.
C. $80,000.
D. $194,000.
Answer:
B. $110,000
Explanation:
Calculation for the total stockholders equity
First step is to calculate the Beginning equity
Beginning equity = $120,000 − $40,000
Beginning equity = $80,000.
Now let calculate the stockholders' equity
Stockholders' equity = $80,000 + $30,000
Stockholders' equity = $110,000
Therefore the total stockholders equity will be $110,000
Bailey Corporation began business on January 2, 2019, with five employees. Its sick leave and vacation policy follow: Each employee is allowed 8 days of sick leave each year and one day of paid vacation leave for each month worked. The accrued vacation cannot be taken until the employee has been with the company 1 year. The sick leave, if not used accumulates to an 18- day maximum. The vacation leave accumulates for 5 years, but at any time the employee may request compensation in lieu of taking paid vacation leave. The company records its liability for both compensated absences on a quarterly basis. The daily gross wages for each employee are $180. Instructions: 1. Prepare the journal entries to record the compensated absences for the first quarter of 2019. Three sick days were used by employees in the first quarter. 2. Prepare a partial interim balance sheet showing the liability balances for compensated absences at March 31, 2019.
Answer:
Answer is explained in the explanation section below.
Explanation:
Given Data:
Business Began on = 2, January, 2019
Number of employees = 5
Sick leaves and vacation Policy:
Allowed Sick Leaves for each employee = 8 days/year
Paid Leave = 1 day/Month worked
Accrued Vacation condition = Worked for company for at least 1 year
Sick leaves if not used = 18 days accumulated.
Daily Gross Wages = $180 for each employee.
Part 1:
So, we know that,
The company records its liability to compensated absences for both sick leave.
on quarterly basis (5 x 2 = 10 days).
pay per each employ = $180.
The company records its liability to compensated absences for both sick leave.
On quarterly basis = 10 x 180 = $1800.
In a quarter each employee is allowed to avail 3 vacation days, so the total vacations days for 5 employees for a quarter 3 x 5=15 days
gross wage for each employee is $180 per day
for vacation days= 15 x 180= $2700
To record this transaction the journal entry is:
wages expenses $2700
Accumulated wages $2700
Part 2:
The partial interim balance compensation for future absences at March 31, 2019
= $1800 + $2700
= $4500.
Suppose that when the price of gasoline is $3.50 per gallon, the total amount of gasoline purchased in the United States is 6 million barrels per day. Also, suppose that when the price of gas decreases to $3 per gallon, the total amount of gasoline purchased is 8 million barrels per day. Based on these numbers and using the midpoint formula, the price elasticity of demand for gasoline is:
By definition, the price elasticity of demand for gasoline is -2.33.
Price elasticity of demandThe price elasticity of demand is a measure used to show the responsiveness, or elasticity, of the quantity demanded of a good or service to changes in the price of that good or service.
That is, the price elasticity of demand indicates to what extent changes in price alter the demand for specific products or services.
The price elasticity of demand is calculated by dividing the percentage change in demand by the percentage change in price, resulting in the following expression:
[tex]Elasticity=\frac{percentage change in quantity demanded}{percentage change in price}[/tex]
[tex]Elasticity=\frac{\frac{deltaQ}{Q} }{\frac{deltaP}{P} }[/tex]
where:
deltaQ means the absolute change in quantities demanded.Q represents quantity.deltaP represents the absolute change in price.P represents the price.Price elasticity of demand for gasolineKnowing that:
When the price of gasoline is $3.50 per gallon, the total amount of gasoline purchased in the United States is 6 million barrels per day. When the price of gas decreases to $3 per gallon, the total amount of gasoline purchased is 8 million barrels per day.First, the percentage change in quantities is calculated as follows:
The absolute change in quantities deltaQ is obtained by first subtracting the final demand from the initial demand, that is (8 million – 6 million = 2 million)Now dividing this value by the initial demand, you obtain 2 million÷6 million=0.333, which, taken to a percentage value, finally shows that the percentage change in quantity demanded is 0.333×100%= 33.3%.Now the percentage change in price is determined as follows:
The absolute change in the deltaP price is obtained by subtracting the final price from the initial price, that is (3 – 3.5= -0.5).Now dividing this value by the initial price -0.5/3.5, we obtain -0.143, which, taken as a percentage value, shows that the percentage variation in the price is -0.143x100%= -14.3%.Finally, the price elasticity of demand is calculated as:
[tex]Elasticity=\frac{33.3}{-14.3}[/tex]
Solving:
Elasticity= -2.33
In summary, the price elasticity of demand for gasoline is -2.33.
Learn more about price elasticity of demand:
https://brainly.com/question/24903676
https://brainly.com/question/24904215
https://brainly.com/question/24384825
https://brainly.com/question/18314140
https://brainly.com/question/24961010
what is financial ratio?
Answer:
financial ratio or accounting ratio is a relative magnitude of two selected numerical values taken from an enterprise's financial statements. Often used in accounting, there are many standard ratios used to try to evaluate the overall financial condition of a corporation or other organization.
Explanation:
financial ratio or accounting ratio is a relative magnitude of two selected numerical values taken from an enterprise's financial statements. Often used in accounting, there are many standard ratios used to try to evaluate the overall financial condition of a corporation or other organization.
For each of the following scenarios, please decide whether there will be an increase, decrease, or no change in aggregate demand.
a. The United States government decides to increase the federal tax rate by 4% for all earners.
b. The Federal Reserve, the agency charged with regulating banking and monetary policy in the United States, decides to increase the amount of money available in the economy.
c. The newest release of the Consumer Confidence Index shows a steady increase in consumer confidence about the economy.
d. A manufacturing boom during the late 1990s has created an oversupply of tractors, a necessary implement in agricultural production.
Answer:
a. Decrease
If the Federal government increases taxes on people, they will have less money to spend and save after paying their taxes. This will reduce their consumption and investment (savings) thereby leading to a lower aggregate demand.
b. Increase
An increase in the money supply means that people will have more money to spend on goods and services. They will therefore consume more. More money in the economy reduces interest rates so people will borrow to invest more as well. These two things will combine for an increase in aggregate demand.
c. Increase
If consumers are more confident about their economy, it means they find it safe to invest in it. As they invest, the investment component of aggregate demand would rise which would increase aggregate demand.
d. Decrease
The oversupply from recent years will mean that investment required in recent years will be less. This will lead to a lower aggregate demand.
Each of the following is a characteristic of a defined benefit retirement plan EXCEPT: Question 3 options: The plan assigns the risk of pre-retirement inflation, investment performance, and adequacy of retirement income to the employee. The plan specifies the benefit an employee receives at retirement. The plan has less predictable costs as compared to defined contribution plans. The law specifies the maximum allowable benefit payable from the plan is equal to the lesser of 100% of salary or $230,000 (2020) per year currently
Answer:
Each of the following is a characteristic of a defined benefit retirement plan EXCEPT:
The plan assigns the risk of pre-retirement inflation, investment performance, and adequacy of retirement income to the employee.
Explanation:
No. With a defined benefit retirement plan, the risk of pre-retirement inflation, investment performance, and adequacy of retirement income is never assigned to the employee. Instead, the employer bears this risk. The defined benefit plan always specifies the benefit to which an employee is entitled to at retirement. It also demands that the employee must work for a certain defined period to be entitled to this benefit. By its nature, the defined benefit plan provides a fixed and pre-established benefit for employees. This is why it is preferred by employees.
Consider the market for widgets. Widgets are produced in the United States, unless producers aren’t willing to meet the quantity demanded at a particular price. In that case, widgets are imported.
Suppose that the price with free trade is $7. If lawmakers want to ensure that U.S. widget producers can sell at least 8,000 widgets, what might they do?
Price
Quantity Demand
Quantity SuppliedDomestically
Quantity Imported
$6 13,000 2,000 8,000
$7 12,000 4,000 8,000
$8 11,000 6,000 5,000
$9 10,000 8,000 2,000
$10 9,000 9,000 0
$11 8,000 10,000 0
impose a tax on imported widgets
provide a subsidy for imported widgets
impose an import quota
Answer:
impose a tax on imported widgets - if the government imposes a tax on imported widgets, imported widgets will become more expensive to consumeres, making consumers flock to domestically produced widgets, prompting domestic firms to increase domestic supply to at least 8,000 widgets.
impose an import quota - the government can also simply impose an import quota of 4,000 widgets, which will oblige consumers to buy at least 8,000 domestic widgets if they want to satisfy their demand of 12,000 widgets.
Round Hammer is comparing two different capital structures: An all-equity plan (Plan I) and a levered plan (Plan II). Under Plan I, the company would have 180,000 shares of stock outstanding. Under Plan II, there would be 130,000 shares of stock outstanding and $1.925 million in debt outstanding. The interest rate on the debt is 8 percent, and there are no taxes. a. If EBIT is $400,000, what is the EPS for each plan
Answer:
Explanation:
Under Plan I, the EPS would be calculated as:
= EBIT / Shares of stock outstanding
= $400,000 / 180,000 shares
EPS = $2.22
Under Plan II, the EPS will be calculated as thus:
We should note that the EBIT in this case will be reduced by interest payment. This will be:
= $400000 - 8% (1.925 million)
= $400000 - 0.08($1,925,000)
= $400,000 - $154000
= $246,000
Then, the EPS for plan II will be calculated as:
EPS = $246,000 / 130,000 shares
EPS = $1.89
Cost of goods manufactured in a manufacturing company is analogous to
What insurance related issues are currently being prioritized in Tennessee
Answer:politics
Explanation:
Politics is the insurance related issues are currently being prioritized in Tennessee.
What is insurance issue?Political conspiracies can occasionally have an impact on the premiums that must be paid, the results of risk analyses, and the required payments for damages and compensation. These are some of the biggest issues that insurance companies face. Among them are incompetence in management, unstable economy, a lack of mutual trust, and rivalry.
In an insurance agreement, the insurer is responsible for covering a party's losses due to specific calamities or risks. It protects the insured person's or their family's finances from loss. There are several different types of insurance coverage. Life, health, homeowners, and vehicle insurance are the most common varieties.
Next, we take a closer look at the three most important insurance subcategories: life, liability, and property.
Thus, it is Politics.
For more information about insurance issue, click here:
https://brainly.com/question/27061473
#SPJ2
This information relates to Ayayai Real Estate Agency.
Oct. 1 Stockholders invest $29,100 in exchange for common stock of the corporation.
2 Hires an administrative assistant at an annual salary of $30,000.
3 Buys office furniture for $3,610, on account.
6 Sells a house and lot for E. C. Roads; commissions due from Roads,
$10,000 (not paid by Roads at this time).
10 Receives cash of $130 as commission for acting as rental agent renting an
apartment.
27 Pays $600 on account for the office furniture purchased on October 3.
30 Pays the administrative assistant $2,500 in salary for October.
Prepare the debit-credit analysis for each transaction.
Answer:
Oct. 1
Dr Increase Assets
Dr Cash $29,100
Cr Increase stockholders'equity
Cr Common stock $29,100
Oct. 2
Dr No Effect
Dr No Effect $0
Cr No Effect
Cr No Effect $0
Oct. 3
Dr Increase Assets
Dr Office furniture $3,610
Cr Increase Liabilities
Cr Accounts payable $3,610
Oct. 6
Dr Increase Assets
Dr Accounts receivable $10,000
Cr Increase Revenues
Cr Service revenue $10,000
Oct. 10
Dr Increase Assets
Dr Cash $130
Cr Increase Revenues
Cr Service revenue $130
Oct. 27
Dr Decrease Liabilities
Dr Accounts payable $600
Cr Decrease Assets
Cr Cash $600
Oct. 30
Dr Increase Expenses
Dr Salaries and wages expense $2,500
Cr Decrease Assets
Cr Cash $2,500
Explanation:
Preparation of the debit-credit analysis for each transaction.
Oct. 1
Dr Increase Assets
Dr Cash $29,100
Cr Increase stockholders'equity
Cr Common stock $29,100
(Being To record common stock)
Oct. 2
Dr No Effect
Dr No Effect $0
Cr No Effect
Cr No Effect $0
Oct. 3
Dr Increase Assets
Dr Office furniture $3,610
Cr Increase Liabilities
Cr Accounts payable $3,610
( Being To record purchase of office furniture)
Oct. 6
Dr Increase Assets
Dr Accounts receivable $10,000
Cr Increase Revenues
Cr Service revenue $10,000
( Being To record service revenue)
Oct. 10
Dr Increase Assets
Dr Cash $130
Cr Increase Revenues
Cr Service revenue $130
(Being To record service revenue)
Oct. 27
Dr Decrease Liabilities
Dr Accounts payable $600
Cr Decrease Assets
Cr Cash $600
(Being To record payment of office furniture)
Oct. 30
Dr Increase Expenses
Dr Salaries and wages expense $2,500
Cr Decrease Assets
Cr Cash $2,500
(Being To record salaries expense)
From the ledger balances given below, prepare a trial balance for the Whispering Winds Corp. at June 30, 2019. All account balances are normal.
Accounts Payable $8,300, Cash $7,700
Common Stock $22,500 Dividends $2,100
Equipment $18,200 Service Revenue $7,300
Accounts Receivable $4,300 Salaries and Wages Expense $3,50
Rent Expense $2,300.
Answer:
TRIAL BALANCE WHISPERING WINDS CORP JUNE 30 2019
Account Debit Credit
Accounts Payable $8,300
Cash $7,700
Common Stock $22,500
Dividends $2,100
Equipment $18,200
Service Revenue $7,300
Accounts Receivable $4,300
Salaries / Wages Expense $3,500
Rent Expense $2,300
$38,100 $38,100
Assets, Expenses, and Costs are debit accounts, while equity, liabilities and income are credit accounts.
If Black Diamond has teams of employees working on projects from nations around the world with varying cultural backgrounds and differing outdoor interests, then this is an example of:
a. Generational differences
b. Surface-level diversity
c. Stereotypes
d. Deep-level diversity
Use your knowledge of the different organizational concepts to classify each of the following statements.
If Black Diamond were to have different contracts for its workers such that some people are paid $15.10 an hour and others are paid $9.25 an hour to perform the same job then this would be an example of:______
Answer:
d. Deep-level diversity
Explanation:
The term diversity includes the differences that are possessed by the individuals and that distinguishes them from each other. The variation in physical attributes, beliefs, nationality, religion and other such aspects helps in building what is termed to be diversity.
Deep-level diversity is characterized with the attributes that are non-observable. The beliefs, ideas, values and religion are the attributes of deep-level diversity.
According to the given excerpt, the cultural backgrounds and outdoor interests are the aspects that are unobservable and therefore grouped under deep-level diversity.
You are given the following information concerning a noncallable, sinking fund debenture: Principal: $1,000 Coupon rate of interest: 7 percent Term to maturity: 15 years Sinking fund: 4 percent of outstanding bonds retired annually; the balance at maturity If you buy the bond today at its face amount and interest rates rise to 13 percent after two years have passed, what is your capital gain or loss
Answer:
Capital loss of $257.38
Explanation:
Use the following formula to calculate the capital gain or (loss).
Capital Gains / (Loss) = Current Price - Purchase price
As two year have been passed and we need to calculate the current price of the debenture using the following formula
Use the following formula to calculate the price of the bond
Price of the bond = [ C x ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]
Where
F = Face value = $1,000
C = Periodic coupon payment = 7% x $1,000 = $70
r = Periodic interest rate = 13%
n = Numbers of periods = 15 years - 2years = 13 years
Placing values in the formula
Price of the bond = [ $70 x ( 1 - ( 1 + 13% )^-13 ) / 13% ] + [ $1,000 / ( 1 + 13% )^13 ]
Price of the bond = $538.46 + $204.16 = $742.62
Purchase price = $1,000
Placing values in the capital gain or (loss) formula
Capital Gain / ( Loss ) = $742.62 - $1,000
Capital Gain / ( Loss ) = ($257.38)
You are negotiating a transaction on behalf of one of your clients, Blair Burke. During the negotiationyou become aware that the other party to the transaction does not adequately understand the tax consequences of the proposed transaction, which are highly favorable to Burke. In fact, if the transaction were completed as proposed, the other side would suffer significant negative tax consequences.
Required:
Ethically, should you inform the other party of the potential negative tax consequences of the proposed transaction?
Answer:
No
Explanation:
In this scenario, you are acting as a fiduciary to Blair Burke. This means that you have an obligation to Blair Burke and every decision that you make needs to be in his/her best interest. Therefore, you should not inform the other party about the negative tax consequences. That is a job for the other individual's representative or fiduciary to handle and advise their client. Informing the other party could jeopardize the deal and cost your client an opportunity/money which would go against their best interest.
Your division has been asked to compile a recommendation for the price point for an innovative software application. You need to know how much customers will be willing to pay and under what circumstances. Conduct a scientific experiment. Access traditional sources and electronic sources. Conduct primary research for firsthand information. Routine tasks often require informal research methods.
Answer:
:Conduct a Scientific experiment
Explanation:
From the question, we are given an instance, whereby Your division has been asked to compile a recommendation for the price point for an innovative software application. You need to know how much customers will be willing to pay and under what circumstances. In this case you need to
Conduct a scientific experiment. An experiment can be regarded as
a procedure that is been carried out so that an hypothesis can be validated or refuted. It gives an insight about cause-and-effect so that the outcomes can be known if some of the favors in the experiment is manipulated.
After reviewing the rhetorical fallacies, can you think of a specific time when you heard a speaker employ one of these fallacies? Which fallacy did they use? Why should you avoid fallacies in your own speeches?
Answer:
they can be bad because they can / will confuse people especially the public
Assume you are the CEO of Black Diamond, a global organization. You need to assemble members for new project team that is based on a loosely structured product concept. As a result, the project itself is ambiguous without clearly defined goals or roles for members. You recognize that some people are more likely to be comfortable working on such an ambiguous project than others and that this might be related to national or cultural differences. In this case you might seek to put people on the project who are from a ___________________ country.
Answer:
culturally similar
Explanation:
In this case, you might seek to put people on the project who are from a culturally similar country. These types of countries share the same cultural backgrounds and therefore individual's from these countries usually have the same beliefs, ideas, habits, etc. This similarity allows these individuals to easily bond and work together easily. Ultimately, this would be the best option for a group project since it will drastically increase efficiency if the members are able to work together more fluently.
A company has a contract with the president that it has just hired. According to the contract a one-time payment of $24,800,000 will be paid to the president when he completes his first 9 years of service. For this purpose, the company would like to set aside equal amounts of money, once each year, in order to cover this anticipated large expense. The company can earn 8 percent on these amounts of money. How much will it need to set aside each year
Answer:
$1,985,976.79
Explanation:
The formula for finding the amount is :
A = FV/ annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
FV = Future value = $24,800,000
A = Amount
R = interest rate = 8%
N = number of years = 9
Annuity factor = (1.08^9 - 1 ) / 0.08 = 12.487558
$24,800,000 / 12.487558 = $1,985,976.79
Write down the following scenarios as examples of elastic, inelastic, or unit elastic demand.
a. When Ruko, a device used to stream movies at home, increases prices by 39 %, total revenue decreases by 55 %.
b. When Cinema Supreme decreases ticket prices by 5 %, total revenue does not change.
c. When Bluebox, a DVD rental kiosk, increases its prices by 44 %, total revenue increases by 31 %.
Answer and Explanation:
The classification is as follows:
a. In the case when the quantity demanded is more than the price so it is a price elastic demand
b. In the case when the change in price of 1% lower than the change in quantity demanded so it is price inelastic demand
c. And, in the case where there is a change of 1% in a price that generated the 1% change in quantity demanded is unit elastic demand
The Garden Company began the accounting period with a $46,000 credit balance in its Accounts Payable account. During the accounting period, Garden Company incurred expenses on account of $125,000. The ending Accounts Payable balance was $65,000. Required Based on this information, determine the amount of cash outflow for expenses during the accounting period. (Hint: Use a T-account for Accounts Payable. Enter the debits and credits for the given events, and solve for the missing amount.)
Answer:
the cash outflow for expenses is $106,000
Explanation:
The computation of the cash outflow for expenses is shown below:
Beginning balance $46,000
add; expenses $125,000
less; ending balance -$65,000
Cash outflow for expenses $106,000
Hence, the cash outflow for expenses is $106,000
Which statement does not describe the Linux operating systems?
It is proprietary software.
Its code can be modified by users.
It was developed by Torvalds.
It is an open-source application
Answer:
c your correct
Explanation:
Mutual interdependence occurs when
a. all firms in an industry are affected by the same macro economic conditions, such as a recession, inflation, interest rates, exchange rates, etc.
b. the actions of firms are independent of each other.
c. the actions of one firm in an industry are easily recognized and perhaps copied by others.
d. monopolists recognize that they must face eventual competition in the long run.
Answer:
See below
Explanation:
Mutual interdepence means that action of one firm is seen and copied by others.
