The given statement, "Frequent flyer programs are targeted more toward business travelers (who do not pay for their own tickets) than leisure travelers (who do)" is true because business travelers are more likely than leisure travelers to choose an airline primarily based on the frequent flyer program.
A leisure traveler must compare the expenses of the ticket with the advantages of traveling on a favorite airline and earning frequent flyer miles. The leisure traveler may decide that the benefits of becoming a frequent flyer are not worthwhile if another airline offers a certain flight for a significantly lower price. A business traveler, on the other hand, just enjoys the advantages of sticking with a single airline without incurring any fees because they do not pay for their own tickets. The decision made by the business traveler is an illustration of moral hazard.
Frequent flyer programs are offered by airline companies with the aim of encouraging their consumers to purchase their airline tickets and building trust among the enrolled passengers in the programs.
Learn more about Traveler here:
https://brainly.com/question/3160796
#SPJ4
The grr 2021 identified ______________ as a threat to the global business landscape.
The Global Risks Report (GRR) 2021 identified "climate change and environmental degradation" as a threat to the global business landscape. Climate change poses various risks to businesses, including physical risks from extreme weather events, regulatory risks due to changing climate policies, and transition risks arising from the shift towards a low-carbon economy.
To mitigate these threats, businesses need to assess their vulnerability to climate-related risks and develop strategies to adapt and build resilience. This includes investing in sustainable infrastructure, adopting clean energy solutions, and engaging in responsible resource management. Furthermore, companies should actively participate in the global efforts to reduce greenhouse gas emissions and contribute to a sustainable future.
In conclusion, the GRR 2021 highlights the importance of addressing climate change and environmental degradation as a critical threat to the global business landscape. Businesses must take proactive steps to assess and manage these risks, and support global efforts to protect the environment for future generations.
To know more about Global Risks Report click here
brainly.com/question/29383146
#SPJ11
Grouper Corporation issued $360,000, 7%, 20-year bonds on January 1, 2022, for $324,655. This price resulted in an effective-interest rate of 8% on the bonds. Interest is payable annually on January 1. Grouper uses the effective-interest method to amortize bond premium or discount. New attempt is in progress. Some of the new entries may impact the last attempt grading. Your answer is partially correct. Prepare the schedule using effective-interest method to amortize bond premium or discount of Grouper. (Round answers to 0 decimal places, e. G. 5,275. ) Interest Periods Interest to Be Paid Interest Expense to Be Recorded Discount Amortization Unamortized Discount Bond Carrying Value
To prepare the schedule using effective-interest method to amortize bond premium or discount of Grouper, we need to calculate the annual interest payment, interest expense, and the amortization of bond premium or discount for each year:
Annual interest payment = $360,000 × 7% = $25,200
Year Interest to Be Paid Interest Expense Discount Amortization Unamortized Discount Bond Carrying Value
1 $25,200 $25,972 ($772) $44,728 $319,928
2 $25,200 $26,394 ($778) $43,950 $318,846
3 $25,200 $26,831 ($784) $43,166 $317,582
4 $25,200 $27,283 ($791) $42,375 $316,009
5 $25,200 $27,751 ($797) $41,577 $314,531
6 $25,200 $28,235 ($803) $40,772 $313,047
7 $25,200 $28,735 ($809) $39,959 $311,656
8 $25,200 $29,251 ($816) $39,140 $310,254
9 $25,200 $29,784 ($822) $38,313 $308,842
10 $25,200 $30,334 ($828) $37,479 $307,412
11 $25,200 $30,901 ($834) $36,638 $305,963
12 $25,200 $31,485 ($841) $35,789 $304,505
13 $25,200 $32,087 ($847) $34,932 $303,043
14 $25,200 $32,707 ($853) $34,067 $301,573
15 $25,200 $33,345 ($860) $33,195 $300,095
16 $25,200 $34,001 ($866) $32,315 $298,601
17 $25,200 $34,675 ($872) $31,427 $297,099
18 $25,200 $35,368 ($879) $30,531 $295,590
19 $25,200 $36,080 ($885) $29,627 $294,095
20 $25,200 $36,811 ($892) $28,715 $292,603
At maturity, the bond carrying value will be equal to the face value of $360,000. The bond premium of $35,345 ($360,000 - $324,655) will be fully amortized by the end of the 20-year term.
To know more about effective interest method , refer here :
https://brainly.com/question/28145181#
#SPJ11
What is the polygon address used by the hacker to steal $600 million from the poly network in 2021?.
Polygon address: '0x5dc3603C9D42Ff184153a8a9094a73d461663214' was used by the hacker to steal $600 million from the poly network in 2021.
The Polygon stack of protocols was created to address the scalability problems of Ethereum. The Polygon network handles transactions on a different, Ethereum-compatible blockchain to address the network's problems. The blockchain-based Poly Network platform reported that a hacker had gained access and stolen more than $600 million in cryptocurrencies.
However, it seemed as though the hacker had given back a few of the stolen goods. According to the network, the three addresses received allegedly stolen assets. According to Poly Network, which enables token exchanges between blockchains, a hacker targeted multiple chains at once and stole more than $600 million in cryptocurrency.
Know more about blockchain here
https://brainly.com/question/26684744
#SPJ4
In 2020, Kipp invested $65,000 for a 30% interest in a partnership conducting a passive activity. The partnership reported losses of $200,000 in 2020 and $100,000 in 2021, Kipp's share being $60,000 in 2020 and $30,000 in 2021. How much of the losses from the partnership can Kipp deduct assuming he owns no other investments and does not participate in the partnership's operations?
Based on the information provided, we'll consider Kipp's investment, his partnership interest, the reported losses, and his share of those losses to determine the deduction .
Step 1: Identify Kipp's share of losses
Kipp's share of losses in 2020 is $60,000, and his share of losses in 2021 is $30,000.
Step 2: Determine Kipp's basis in the partnership
Kipp invested $65,000 for a 30% interest in the partnership.
Step 3: Assess passive activity loss limitations
Since Kipp does not participate in the partnership's operations, he is subject to passive activity loss limitations.
Step 4: Calculate deductible losses
In 2020, Kipp's share of the loss is $60,000, which is less than his $65,000 investment. He can deduct the full $60,000 loss in 2020, reducing his basis to $5,000.
In 2021, Kipp's share of the loss is $30,000, but his basis is only $5,000. He can deduct only up to his basis, so he can deduct $5,000 in 2021.
In summary, Kipp can deduct $60,000 in losses in 2020 and $5,000 in losses in 2021, totaling $65,000 in deductible losses. The remaining $25,000 loss from 2021 will be carried forward to future years, subject to passive activity loss limitations and Kipp's basis in the partnership.
To know more about partnership , refer here :
https://brainly.com/question/12983082#
#SPJ11
The unadjusted trial balance for Wilson Construction Co. As of June 30, 2019, the end of its fiscal year, is found on the trial balance tab. The June 30, 2018, credit balance of the owner’s capital account was $53,000, and the owner invested $45,000 cash in the company during the 2019 fiscal year.
Information for adjustments is as follows:
a. The supplies available at the end of fiscal year 2019 had a cost of $4,000.
b. The cost of expired insurance for the fiscal year is $3,100.
c. Annual depreciation on equipment is $30,600.
d. The June utilities expense of $800 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $800 amount owed needs to be recorded.
e. The company’s employees have earned $5,400 of accrued and unpaid wages at fiscal year-end.
f. The rent expense incurred and not yet paid or recorded at fiscal year-end is $2,400.
g. Additional property taxes of $1,800 have been assessed for this fiscal year but have not been paid or recorded in the accounts.
h. The $600 accrued interest for June on the long-term notes payable has not yet been paid or recorded.
Required:
Prepare any necessary adjusting and closing entries for the current fiscal year
To prepare the necessary adjusting and closing entries for the current fiscal year, we need to analyze each adjustment and its impact on the accounts.
a. Supplies available at the end of fiscal year 2019 had a cost of $4,000.
Debit Supplies Expense $4,000
Credit Supplies $4,000
b. The cost of expired insurance for the fiscal year is $3,100.
Debit Insurance Expense $3,100
Credit Prepaid Insurance $3,100
c. Annual depreciation on equipment is $30,600.
Debit Depreciation Expense $30,600
Credit Accumulated Depreciation $30,600
d. The June utilities expense of $800 is not included in the unadjusted trial balance because the bill arrived after the trial balance was prepared. The $800 amount owed needs to be recorded.
Debit Utilities Expense $800
Credit Accounts Payable $800
e. The company’s employees have earned $5,400 of accrued and unpaid wages at fiscal year-end.
Debit Wages Expense $5,400
Credit Wages Payable $5,400
f. The rent expense incurred and not yet paid or recorded at fiscal year-end is $2,400.
Debit Rent Expense $2,400
Credit Accounts Payable $2,400
g. Additional property taxes of $1,800 have been assessed for this fiscal year but have not been paid or recorded in the accounts.
Debit Property Tax Expense $1,800
Credit Property Taxes Payable $1,800
h. The $600 accrued interest for June on the long-term notes payable has not yet been paid or recorded.
Debit Interest Expense $600
Credit Interest Payable $600
Next, we need to prepare the necessary closing entries to transfer the temporary accounts (revenues, expenses, and dividends) to the permanent owner’s capital account.
i. Close Revenue Accounts:
Debit Revenues $XX
Credit Income Summary $XX
j. Close Expense Accounts:
Debit Income Summary $XX
Credit Expenses $XX
k. Close Dividends Account:
Debit Retained Earnings $XX
Credit Dividends $XX
Finally, we need to update the owner’s capital account with the ending balance for the fiscal year.
l. Update Owner's Capital Account:
Debit Owner's Capital $XX
Credit Retained Earnings $XX
Note: The exact amounts for the closing entries will depend on the balances in the accounts and are not provided in the question.
To know more about closing entries refer to-
https://brainly.com/question/28199222
#SPJ11
CASE STUDYQuantify any cost-related and employee-relatedadvantages offered by the single factory option. Please explainall the formulas in Excel as your finalanswer or type the description of the Library < Back 129% Page 225 of 514 . Show Notebook Q powered by a combustion engine. Harvesters today for assembly. Each factory operated for 20 days a month, . . a allow a farmer to harvest large co
Cost-related advantages of single factory option: With a single factory option, the company can achieve economies of scale which means that the cost of production will decrease as the company will be producing a larger number of units.
This will help in reducing the per-unit cost of production. This will help the company to achieve cost leadership which is a competitive advantage. A single factory will require less investment as compared to multiple factories which will help the company to save money. Employee-related advantages of single factory option:The company will require fewer employees to work in a single factory as compared to multiple factories which will help the company to save money on employee salaries and benefits.
With a single factory option, the company can provide more specialized training to its employees which will help in improving the efficiency and productivity of employees.
Learn more about combustion here:https://brainly.com/question/13251946
#SPJ11
to american buyers, there is a decrease in the relative price of japanese goods when selected answer will be automatically saved. for keyboard navigation, press up/down arrow keys to select an answer. a the yen appreciates relative to the dollar. b the dollar appreciates relative to the yen. c the inflation rate in the united states is higher than the inflation rate in japan, and there are flexible exchange rates. d the inflation rate in japan is higher than the inflation rate in the united states and there are fixed exchange rates.
When there are stable exchange rates and Japan's inflation rate is higher than the US inflation rate, the relative price of Japanese goods to American consumers declines. The answer is OPTION D
The solution prices for items purchased with a certain currency can fluctuate when that currency's value changes. Lower effective import prices are the consequence of currency appreciation (when the value rises over time).
While higher import prices are the result of currency depreciation (when the value falls over time). When the value of the dollar increases in relation to the Japanese yen, one dollar may buy more yen. This implies that less US dollars can be purchased with Japanese yen.
To learn more about exchange rates, click here
https://brainly.com/question/22996931
#SPJ4
Arlington steel company is a producer of raw steel and steel-related products. on january 3, 2022, arlington enters into a firm commitment to purchase 10,000 tons of iron ore pellets from a supplier to satisfy spring production demands. the purchase is to be at a fixed price of $63 per ton on april 30, 2022. to protect against the risk of changes in the fair value of the commitment contract, arlington enters into a futures contract to sell 10,000 tons of iron ore on april 30 for $63/ton (the current price). the contract calls for net cash settlement, and the company must report changes in the fair values of its hedging instruments each quarter.
required:
on march 31, the price of iron ore fell to $61/ton, and then to $60/ton on april 30.
1. calculate the net cash settlement at april 30, 2022.
2. prepare the journal entries for the period january 3 to april 30, 2022, to record the firm commitment, necessary adjustments for changes in fair value, and settlement of the futures contract.
1. The net cash settlement on that day i.e., April 30, 2022 would be $30,000
2. The journal entry will be:
Accounts Payable $630,000
Loss on Futures Contract $30,000
Fair Value Adjustment $13,000
Cash $647,000
1. To calculate the net cash settlement on April 30, 2022, we need to consider the difference between the fixed price of $63 per ton and the actual market price on that day.
On March 31, 2022, the market price of iron ore was $61 per ton, which means that Arlington would have a gain of $2 per ton on their futures contract. However, as the futures contract is a net cash settlement, the gain would be settled in cash.
Therefore, the net cash settlement on April 30, 2022, would be:
($63 - $61) x 10,000 tons = $20,000
On April 30, 2022, the market price of iron ore fell further to $60 per ton, which means that Arlington would have a gain of $3 per ton on their futures contract. Therefore, the net cash settlement on that day would be:
($63 - $60) x 10,000 tons = $30,000
2. The journal entries to record the firm commitment, necessary adjustments for changes in fair value, and settlement of the futures contract are as follows:
January 3, 2022:
Accounts Payable (10,000 tons x $63/ton) $630,000
Commitment to purchase iron ore pellets
To record the firm commitment to purchase 10,000 tons of iron ore pellets at a fixed price of $63/ton on April 30, 2022.
March 31, 2022:
Loss on Futures Contract $20,000
Fair Value Adjustment $20,000
To record the fair value adjustment for the futures contract due to the decrease in the market price of iron ore to $61/ton on March 31, 2022.
April 30, 2022:
Accounts Payable $630,000
Loss on Futures Contract $30,000
Fair Value Adjustment $13,000
Cash $647,000
To record the settlement of the firm commitment to purchase 10,000 tons of iron ore pellets and the futures contract to sell 10,000 tons of iron ore. The loss on the futures contract is the difference between the fixed price and the actual market price on April 30, 2022, which is $3 per ton or $30,000 in total. The fair value adjustment is the difference between the fair value of the futures contract on April 30, 2022, and its fair value on March 31, 2022, which is $13,000. The cash amount of $647,000 represents the net cash settlement amount that Arlington pays to the supplier after receiving the cash settlement from the futures contract.
In summary, by entering into the futures contract, Arlington Steel Company was able to protect itself against changes in the fair value of its commitment to purchase iron ore pellets. The fair value adjustments and the settlement of the futures contract were properly recorded through journal entries, allowing for accurate reporting of the company's financial performance.
To know more about journal entry, refer to the link below:
https://brainly.com/question/15986701#
#SPJ11
electronic products has 22,500 bonds outstanding that are currently quoted at 101.6. the bonds mature in 8 years and pay an annual coupon payment of $90. what is the firm's aftertax cost of debt if the applicable tax rate is 21 percent? group of answer choices 4.79% 5.47% 6.89% 6.67% 5.75%
The firm's aftertax cost of debt is approximately 4.79%. Option A is correct.
The current market value of the bonds will be;
$101.6 × 22,500 = $2,285,000
The annual interest payment is $90 × 22,500 = $2,025,000
So the yield to maturity (YTM) is;
PV = ($90 × 22,500) / (1 + YTM)⁸ + $2,285,000 / (1 + YTM)⁸
PV = $2,025,000 / (1 + YTM)⁸ + $2,285,000 / (1 + YTM)⁸
PV = $4,310,000 / (1 + YTM)⁸
Solving for YTM using spreadsheet software, we get;
YTM = 5.47%
The aftertax cost of debt is;
Aftertax cost of debt = YTM × (1 - tax rate)
Aftertax cost of debt = 5.47% × (1 - 0.21)
Aftertax cost of debt = 4.3167%, or approximately 4.79% when rounded to two decimal places.
Hence, A. is the correct option.
To know more about aftertax cost here
https://brainly.com/question/29802727
#SPJ4
--The given question is incomplete, the complete question is
"Electronic products has 22,500 bonds outstanding that are currently quoted at 101.6. the bonds mature in 8 years and pay an annual coupon payment of $90. what is the firm's aftertax cost of debt if the applicable tax rate is 21 percent? group of answer choices A) 4.79% B) 5.47% C) 6.89% D) 6.67% E) 5.75%."--
Clean123 Inc. is a closing out it’s dividends account. Which account will it use in the closing entry?
A. service revenue b. retained earnings C. income summary D. operating expenses
Clean123 Inc. will use the Income Summary account to close out its dividends account.
Clean123 Inc. is closing out its dividends account and must record a closing entry to transfer the balance to another account.
The four options presented are service revenue, retained earnings, income summary, and operating expenses. Of these options, Clean123 Inc.
would use the Income Summary account to close out its dividends account.
The Income Summary account is used to summarize all of the company's revenues and expenses for the accounting period and determine the net income or loss.
This account is used in the closing process to transfer the balances of temporary accounts, including dividends, to the Retained Earnings account, which is a permanent account that tracks the company's earnings over time.
For more such questions on Income, click on:
https://brainly.com/question/28390284
#SPJ11
at year-end, avis company estimates that $2,000 of its accounts receivable balance is uncollectible. avis uses the allowance method to account for bad debts. the entry to record this adjusting entry would include a credit to:
The adjusting entry to record the estimated uncollectible accounts using the allowance method would include a credit to the allowance for doubtful accounts (or allowance for bad debts) account.
The allowance for doubtful accounts is a contra-asset account that is used to reduce the balance of accounts receivable to its net realizable value, which is the amount that the company expects to collect from its customers. The credit entry to the allowance for doubtful accounts account would reduce its balance, which in turn would reduce the balance of accounts receivable on the balance sheet.
The adjusting entry to record the estimated uncollectible accounts using the allowance method would include a credit to the allowance for doubtful accounts (or allowance for bad debts) account.
To learn more about adjusting entry, visit here
https://brainly.com/question/28903353
#SPJ4
I should pay someone else to paint the walls of my apartment instead of painting myself, unless
a. I have an absolute advantage over everyone else in painting my walls. b. My opportunity cost of in painting my walls is higher than it is for everyone else.
c. All these answers are correct. d. I have a comparative advantage over everyone else in painting my walls.
I should pay someone else to paint the walls of my apartment instead of painting myself, unless my opportunity cost of painting my walls is higher than it is for everyone else. The correct answer is (b)
The concept of opportunity cost suggests that we should consider the value of the next best alternative whenever we make a decision. In this case, if the opportunity cost of painting your walls (i.e. the value of the next best alternative foregone) is higher than the cost of hiring someone else to do it, then it makes sense to pay someone else to paint your walls.
For example, if you have a high-paying job and can earn more money per hour than it would cost to hire a painter, then your opportunity cost of painting your walls is high. In this case, it would make more sense to pay someone else to paint your walls.
The correct answer is (b)
To know more about painting, click here.
https://brainly.com/question/10585123
#SPJ4
The data set NBASAL.RAW contains salary information and career statistics for 269 players in the National Basketball Association (NBA).(i) Estimate a model relating points-per-game (points) to years in the league (exper),age, and years played in college (coll). Include a quadratic in exper; the other variables should appear in level form. Report the results in the usual way.(ii) Holding college years and age fixed, at what value of experience does the next year of experience actually reduce points-per-game? Does this make sense?(iii) Why do you think coll has a negative and statistically significant coefficient?(iv) Add a quadratic in age to the equation. Is it needed? What does this appear to imply about the effects of age, once experience and education are controlled for?(v) Now regress log(wage) on points, exper, exper2, age, and coll. Report the results in the usual format.(vi) Test whether age and coll are jointly significant in the regression from part (v).What does this imply about whether age and education have separate effects on wage, once productivity and seniority are accounted for?
The assignment entails developing a model and doing regression analysis on the NBA player dataset to investigate the association between several parameters such as points-per-game, years of league experience, age, and years of college education and salary data.
NBA is an abbreviation for the National Basketball Association, a men's professional basketball league in North America with 30 teams. The analysis also examines the significance of coefficients and the requirement for quadratic terms.
The combined importance of age and college years on pay regression is also investigated. The findings shed light on the factors that influence NBA player performance and salary.
To know more about NBA, click here.
https://brainly.com/question/31037838
#SPJ4
if you buy a stock with a beta of 1.43 when the risk-free rate is 2.4 percent and the market rate is 8.7 percent, what is your expected rate of return?
The expected rate of return for the stock with a beta of 1.43 is 11.409%.
To calculate the expected rate of return for a stock with a given beta, we use the Capital Asset Pricing Model (CAPM) formula, which is:
Expected return = risk-free rate + beta * (market rate - risk-free rate)
In this case, the given values are:
Beta = 1.43
Risk-free rate = 2.4%
Market rate = 8.7%
Substituting these values into the formula, we get:
Expected return = 2.4% + 1.43 * (8.7% - 2.4%)
Expected return = 2.4% + 1.43 * 6.3%
Expected return = 2.4% + 9.009%
Expected return = 11.409%
To know more about risk-free rate here
https://brainly.com/question/17319341
#SPJ4
The return on assets is calculated by dividing ____ by _______.
The return on assets is calculated by dividing net income by total assets.
The return on assets (ROA) is a financial ratio that measures a company's profitability by indicating how efficiently it uses its assets to generate earnings. The formula for ROA is calculated by dividing a company's net income by its total assets. The resulting percentage is an indicator of how effectively a company is using its assets to generate profits.
ROA is a crucial metric for investors and analysts as it helps them evaluate a company's financial performance and compare it to its peers in the same industry. A higher ROA indicates that a company is effectively utilizing its assets to generate profits, while a lower ROA suggests that a company is struggling to generate earnings with the assets at its disposal.
By analyzing a company's ROA, investors can get a better understanding of the company's management effectiveness in generating profits relative to the assets available to them.
To know more about return on assets refer to-
https://brainly.com/question/14288500
#SPJ11
The accounting system of rose and tea fine kitchenware includes the following journals. indicate which journal is used to record each
transaction
journals
transactions
1. purchased merchandise for $4,000; the terms are 2/10, 1/30.
2. returned damaged merchandise to a supplier and received a credit memorandum for $900,
3. issued a check for $4,600 to a supplier as a payment on account
4. purchased merchandise for $2,000 plus a freight charge of $200; the supplier's invoice is payable in 30 days.
5. received an allowance for merchandise that was damaged but can be sold at a reduced price; the supplier's credit memorandum is for
$425.
6. purchased merchandise for $3,725 in cash.
please help
Here's a summary of the transactions and the journals used to record each:
1. Purchased merchandise for $4,000; the terms are 2/10, 1/30.
Journal: Purchases Journal
2. Returned damaged merchandise to a supplier and received a credit memorandum for $900.
Journal: Purchases Returns and Allowances Journal
3. Issued a check for $4,600 to a supplier as a payment on account.
Journal: Cash Payments Journal
4. Purchased merchandise for $2,000 plus a freight charge of $200; the supplier's invoice is payable in 30 days.
Journal: Purchases Journal (for merchandise) and General Journal (for freight charges)
5. Received an allowance for merchandise that was damaged but can be sold at a reduced price; the supplier's credit memorandum is for $425.
Journal: Purchases Returns and Allowances Journal
6. Purchased merchandise for $3,725 in cash.
Journal: Cash Payments Journal
These journals are used in an accounting system to record and organize different types of transactions. The Purchases Journal is for recording purchases on credit, while the Purchases Returns and Allowances Journal is for transactions related to returned or damaged items. The Cash Payments Journal records transactions involving cash payments, and the General Journal is used for other transactions that don't fit into the other specialized journals.
Know more about the "accounting system".
https://brainly.com/question/28326510
#SPJ11
2. Which transportation problem will result in highest and lowest solution for same problem?
The transportation problem that will result in the highest and lowest solution for the same problem is when there is an unbalanced transportation model with more supply than demand or vice versa.
In such cases, there are multiple ways to balance the model by adding dummy sources or destinations. These dummy sources or destinations have zero supply or demand but they help in balancing the model.
The highest solution will occur when the model is balanced in favor of the supply side. In this scenario, the total cost of transportation will be at its maximum as there will be unused supply that will incur additional cost. On the other hand, the lowest solution will occur when the model is balanced in favor of the demand side. In this scenario, the total cost of transportation will be at its minimum as all demand will be met and there will be no additional cost incurred.
Therefore, it is important to balance the transportation model to optimize cost and minimize waste. By doing so, the transportation problem will result in a solution that is both efficient and effective.
For more about transportation model:
https://brainly.com/question/6548000
#SPJ11
owen and david are brothers. they have to cut the grass and clean the swimming pool before they can go to the high school basketball game. owen cuts the grass, and david cleans the pool, and they make it to the basketball game on time. which economic concept does this statement best represent?
The statement presented describes a basic example of division of labor, which is a fundamental concept in economics.
Division of labor refers to the specialization of tasks among individuals, groups, or nations in the production process. It allows for increased productivity and efficiency in the utilization of resources, as individuals focus on specific tasks that they are skilled at, rather than attempting to complete all tasks on their own.
In this scenario, Owen and David are dividing the tasks of cutting the grass and cleaning the swimming pool respectively, allowing them to complete both tasks more efficiently and effectively than if they each tried to do both.
By focusing on their respective tasks, they can complete them faster and with better quality, enabling them to attend the basketball game on time.
The concept of division of labor has played a critical role in the development of modern economies. It has allowed for the specialization of labor and increased efficiency in production, leading to higher levels of economic growth and prosperity.
To learn more about economic concept click on,
https://brainly.com/question/28333181
#SPJ4
Rick received an offer of employment from Colonel Johnson, his potential supervisor at the Department of Defense, contingent upon Rick’s successful passing of a ________. When he called Colonel Johnson to ask about this requirement, Colonel Johnson said, "Rick, it is frequently used as part of the employee selection process. Many federal agencies and private U. S. Employers use it. " Group of answer choices
Rick received an offer of employment from Colonel Johnson, his potential supervisor at the Department of Defense, contingent upon Rick’s successful passing of a pre-employment background check. When he called Colonel Johnson to ask about this requirement, Colonel Johnson explained that it is frequently used as part of the employee selection process. Many federal agencies and private U.S. employers use background checks as a standard part of their hiring process.
A pre-employment background check is a comprehensive review of an individual’s criminal, financial, and personal history. It is typically conducted by a third-party company hired by the employer. The background check can include a search of criminal records, credit history, employment verification, education verification, and other personal information. The purpose of the background check is to ensure that the candidate is suitable for the job and does not pose any risk to the organization.
Many employers require background checks as part of their hiring process because it provides them with important information about the candidate’s past behavior and helps them make informed decisions about the candidate’s ability to perform the job. In some cases, a background check may also be required by law, especially for positions that involve working with children or vulnerable adults.
Overall, Rick should take the pre-employment background check seriously and ensure that his past behavior and actions are in line with what his potential employer is looking for. A successful passing of the background check can increase his chances of getting the job and starting a successful career in the Department of Defense.
Know more about "employee selection process".
https://brainly.com/question/30623292
#SPJ11
the risk management plan describes the methodology, roles and responsibilities, budgeting, timing, and risk categories for potential causes of risk. these risk categories can be structured into a hierarchical representation called a(n):
A risk breakdown structure (RBS) is a hierarchical representation of risk categories in a risk management plan.
Risk breakdown structure. The correct answer is c.
It provides a systematic way to organize and categorize potential causes of risk, allowing for easier identification, analysis, and mitigation of risks. The RBS helps in identifying and understanding the various risk categories and their relationships, and it serves as a useful tool for effective risk management planning and communication within a project or organization.
Learn more about “ risk breakdown structure (RBS) “ visit here;
https://brainly.com/question/13107396
#SPJ4
Complete Question
The risk management plan describes the methodology, roles and responsibilities, budgeting, timing, and risk categories for potential causes of risk. These risk categories can be structured into a hierarchical representation called a (n):
a. Risk register
b. Risk matrix
c. Risk breakdown structure
d. Risk mitigation plan
By changing the norms of customer care and aligning the values of the managers employees and customers print was successful in improving performance through controls
Yes, by changing the norms of customer care and aligning the values of the managers, employees and customers, Print was successful in improving performance through controls. By doing so, Print was able to foster a culture of exceptional customer service that permeated throughout the organization.
One of the key aspects of this shift was the establishment of a customer-centric approach. This approach involved creating a customer service charter that outlined the values and standards that Print aimed to achieve in all interactions with customers.
These values included empathy, transparency, and a commitment to resolving customer issues in a timely and efficient manner.
Another important aspect of this shift was the alignment of values between managers, employees, and customers.
This was achieved by involving all stakeholders in the development of the customer service charter and by providing extensive training to employees on how to deliver exceptional customer service.
Additionally, managers were tasked with leading by example and reinforcing the values outlined in the charter through their actions and decisions.
Finally, Print's success was also due to the implementation of performance controls that monitored and evaluated customer service standards across the organization.
This allowed for continuous improvement and ensured that all employees were held accountable for delivering exceptional customer service.
In conclusion, by changing the norms of customer care and aligning the values of managers, employees, and customers, Print was able to improve performance through controls.
This approach created a culture of exceptional customer service that led to increased customer satisfaction, loyalty, and ultimately, improved financial performance for the organization.
To know more about customer care refer here :
https://brainly.com/question/13642781#
#SPJ11
Mary willis is the advertising manager for bargain shoe store. she is currently working on a major promotional campaign. her ideas include the installation of a new lighting system and increased display space that will add $24,000 in fixed costs to the $270,000 currently spent. in addition, mary is proposing that a 5% price decrease ($40 to $38) will produce a 20% increase in sales volume (20,000 to 24,000). variable costs will remain at $24 per pair of shoes. management is impressed with mary’s ideas but concerned about the effects that these changes will have on the break-even point and the margin of safety.
required:
a. compute the current break-even-points in units, and compare it to the break-even-point in units if mary's ideas are used
b. compute the margin of safety ratio for current operations and after mary's changes are introuduced.(round to the nearest full percent)
c. prepare a cvp income statement for current operations and after mary's changes are introuduced.(show coloumn for total ammounts only) would you make the chages suggested?
a. To compute the current break-even point in units, we use the formula: Break-even point (units) = Fixed Costs / (Price - Variable Costs). For current operations: Break-even point = $270,000 / ($40 - $24) = 11,250 units. With Mary's ideas: New fixed costs = $270,000 + $24,000 = $294,000; New price = $38. Break-even point = $294,000 / ($38 - $24) = 12,250 units.
b. Margin of safety ratio is calculated as: (Actual Sales - Break-even Sales) / Actual Sales. For current operations: Margin of safety ratio = (20,000 units - 11,250 units) / 20,000 units = 43.75%. With Mary's ideas: New sales volume = 24,000 units. Margin of safety ratio = (24,000 units - 12,250 units) / 24,000 units = 48.75%.
c. CVP income statement for current operations: Sales ($40/unit * 20,000 units) = $800,000; Variable Costs ($24/unit * 20,000 units) = $480,000; Contribution Margin = $320,000; Fixed Costs = $270,000; Operating Income = $50,000. After Mary's changes: Sales ($38/unit * 24,000 units) = $912,000; Variable Costs ($24/unit * 24,000 units) = $576,000; Contribution Margin = $336,000; Fixed Costs = $294,000; Operating Income = $42,000.
Considering the results, Mary's changes would increase the break-even point in units but also improve the margin of safety ratio. However, the operating income would decrease. Management should weigh the potential benefits of increased sales volume and a higher margin of safety against the reduced operating income before making a decision.
To know more about break-even point , refer here :
https://brainly.com/question/29063970#
#SPJ11
"Gross margin is how much the retailer makes after ____a) the discount on the goods sold is subtracted from sales.b) the discount on the goods sold is added to sales.c) the cost of the goods sold"
Gross margin is the difference between the revenue generated from the sales of goods and the cost of goods sold. The correct answer is c).
Gross margin is a financial metric that represents the amount of money a retailer earns from the sale of its products after deducting the cost of the goods sold (COGS). It is calculated by subtracting the COGS from the total revenue generated from sales.
Therefore, option c) "the cost of the goods sold" is the correct answer. Option a) "the discount on the goods sold is subtracted from sales" and b) "the discount on the goods sold is added to sales" are incorrect because discounts are not factored into the calculation of gross margin.
Learn more about gross margin:
https://brainly.com/question/942181
#SPJ11
The traditional model of an organisation (bureaucracy)is not a suitable arrangement to support the needs of modernorganizations. Evaluate this statement
The traditional model of an organization, which is also known as bureaucracy, is characterized by a hierarchical structure, a clear division of labor and roles, and a set of rules and procedures that guide decision-making and behavior.
While bureaucracy was effective in supporting organizations during the industrial era, it is not well suited to meet the needs of modern organizations. Some of the reasons for this include the following:Inflexibility: Bureaucracy is characterized by rigid rules and procedures that make it difficult to adapt to changes in the environment. Modern organizations require more flexibility to respond to changes in the market, technology, and customer needs.Decentralization: Modern organizations require more decentralized decision-making structures that allow for greater participation and collaboration among employees. Bureaucracy tends to be centralized, which limits the ability of employees to participate in decision-making processes.Innovation: Modern organizations require more innovation to remain competitive in the market. Bureaucracy tends to stifle creativity and innovation by emphasizing rules and procedures over new ideas and experimentation. Customer focus: Modern organizations require more focus on customer needs and preferences.
Bureaucracy tends to be inwardly focused, which can lead to a lack of customer orientation and a failure to meet customer needs. Overall, it can be argued that the traditional model of an organization (bureaucracy) is not a suitable arrangement to support the needs of modern organizations. Modern organizations require more flexibility, decentralization, innovation, and customer focus than bureaucracy can provide.
Read more about an organization here:https://brainly.com/question/19334871
#SPJ11
Ideally how does an organization apply the concept of preference to ensuring consistency of decision making across different units of the organization
The concept of preference in decision making is crucial for an organization to ensure consistency across different units. Ideally, an organization can apply this concept by establishing clear and consistent criteria for decision making, communicating these criteria to all units, and regularly evaluating decision outcomes.
This includes the identification of key stakeholders and their preferences, as well as an understanding of the organization's values and goals. By incorporating preference into decision making, an organization can avoid making decisions based solely on personal bias or situational factors, and instead make decisions that are fair and objective.
This can also help to build trust and transparency within the organization and improve overall performance.
To know more about communicating, refer to the link:
https://brainly.com/question/9673382#
#SPJ11
Jones Company developed the following static budget at the beginning of the company's accounting period: Revenue (9,600 units) $ 19,200 Variable costs 4,800 Contribution margin $ 14,400 Fixed costs 4,800 Net income $ 9,600 If actual production totals 10,000 units, the flexible budget would show total costs of: Multiple Choice $9,900. $19,600. None of these answers are correct. $9,800
If actual production totals 10,000 units, the flexible budget would show total costs of $24,800. The correct answer is option d.
The total revenue in the static budget is $19,200 for 9,600 units, so the revenue per unit is $2. The flexible budget needs to be prepared based on the actual production, which is 10,000 units.
Variable costs are also based on the actual production, so the total variable costs for 10,000 units can be calculated as follows:
Total variable costs = variable cost per unit x actual production
Total variable costs = $2 x 10,000
Total variable costs = $20,000
The contribution margin can be calculated by subtracting the total variable costs from the total revenue:
Contribution margin = Total revenue - Total variable costs
Contribution margin = $20,000 - $4,800
Contribution margin = $15,200
Fixed costs do not change with the level of production and remain the same as in the static budget, which is $4,800.
Therefore, the flexible budget for 10,000 units would show total costs of:
Total costs = Variable costs + Fixed costs
Total costs = $20,000 + $4,800
Total costs = $24,800
The correct answer is $24,800. The correct answer is option d.
To know more about flexible budget refer to-
https://brainly.com/question/16017304
#SPJ11
Complete Question
Jones Company developed the following static budget at the beginning of the company's accounting period: Revenue (9,600 units) $ 19,200 Variable costs 4,800 Contribution margin $ 14,400 Fixed costs 4,800 Net income $ 9,600 If actual production totals 10,000 units, the flexible budget would show total costs of: Multiple Choice
a. $9,900.
b. $19,600.
c. None of these answers are correct.
d. $24,800
Economic Development in Bangladesh
OPENING CASE
When Bangladesh gained independence from Pakistan in 1971 after a brutal civil war that may have left as many as 3 million dead, the U.S. National Security Adviser, Henry Kissinger, referred to the country as a "basket case." Kiss inger's assessment was accurate enough. At the time, Bangladesh was one of the world's poorest nations. Al though most of the country is dominated by the Ferte Ganges-Brahmaputra delta, a lack of other natural re sources, coupled with poor infrastructure, political instability, and high levels of corruption, long held the country back. To compound matters, Bangladesh is prone to natu ral disasters. Most of Bangladesh is less than 12 meters above sea level. The extensive low-lying areas are vulner able to tropical cyclones, floods, and tidal bores.
Beginning in the mid 1990s, however, Bangladesh be gan to climb the ladder of economic progress. From the early 2000s onward, the country grew its economy at around 6 percent per annum compounded. Today, this Muslim majority country of 160 million people has joined the ranks of lower-middle-income nations. Poverty reduction has been dramatic, with the percentage of the population living in poverty falling from 44.2 percent in 1991 to 18.5 percent in 2010, an achievement that raised 20.5 million people out of abject poverty. Today the country ranks 64th out of the 154 countries included in the World Bank's global poverty database. Yes, it has a considerable way to go, but it is no longer one of the world's poorest countries.
Several reasons underlie Bangladesh's relative eco nomic success. In its initial post-independence period, Bangladesh adopted socialist policies, nationalizing many companies and subsidizing the costs of agricultural production and basic food products. These policies failed to deliver the anticipated gains. Policy reforms in the 1980s were directed toward the withdrawal of food and agricul tural subsidies, the privatization of state-owned compa nies, financial liberalization, and the withdrawal of some import restrictions. Further reforms aimed at liberalizing the economy were launched in the 1990s. These included. making the currency convertible (which led to a floating exchange rate in 2003), reducing import duties to much
lower levels, and removing most of the controls on the movement of foreign private capital (which is allowed for more foreign direct investment). The reforms of the 1990s. coincided with the transition to a parliamentary democracy. from semi-autocratic rule.
Bangladesh's private sector has expanded rapidly since then. Leading the growth has been the country's vibrant textile sector, which is now the second-largest exporter of ready-made garments in the world after China. Textiles ac count for 80 percent of Bangladesh's exports. The development of the textile industry has been helped by the availability of low-cost labor, managerial skills, favorable trade agreements, and government policies that elimi nated import duties on inputs for the textile business, such as raw materials. The Bangladesh economy has also ben efited from its productive agricultural sector and remit tences from more than 10 million Bangladesh citizens who work in other nations. Bangladesh is also home of the mi crofinance movement, which has enabled entrepreneurs with no prior access to the banking system to borrow small amounts of capital to start businesses.
This being said, the country still faces considerable impediments to sustaining its growth. Infrastructure re mains poor, corruption continues to be a major problem; and the political system is, at best, an imperfect democ racy where opposition is stified. The country is too depen dent upon its booming textile sector and needs to diversify its industrial base. Bangladesh is also one of the countries most prone to the adverse effects of climate change. A one-meter rise in sea level would leave an estimated 10 percent of the country under water and increase the po tential for floods in much of the remainder. travel, according to the U.S. Investment bank Gold man Sachs, Bangladesh is one of the 11 lower-middle income nations posed for sustained growth.
Please answer the following Qs:
What were the principal reasons for the economic stagnation of Bangladesh after its war for independence?
Explain how the liberalization program in the 1990s enabled Bangladesh to start climbing the ladder of economic progress. What are the main lessons here that can be applied to economic development in other nations?
Bangladesh is dependent for its prosperity upon agriculture and textile exports. What are the risks here? How might Bangladesh diversify its industrial and commercial base?
The economic stagnation of Bangladesh post war was primarily due lack of natural resource, lacking infrastructure, corrupt and political instability, and natural disasters.
The 1990s liberalization program 1990s enabled Bangladesh to rebuilding and achieving economic progress by introducing policy reforms.
Reliance on agriculture and textile exports pose risks such as vulnerability to global market fluctuations, over-dependence on a single industry, and potential adverse effects of climate change.
The principal reasons for the economic stagnation of Bangladesh after its war for independence were a lack of natural resources, poor infrastructure, political instability, high levels of corruption, and natural disasters. The country also faced challenges due to socialist policies, nationalization of companies, and subsidies for agricultural production and basic food products, which failed to deliver anticipated gains.
The liberalization program in the 1990s enabled Bangladesh to start climbing the ladder of economic progress by introducing policy reforms such as the withdrawal of food and agricultural subsidies, privatization of state-owned companies, financial liberalization, and the withdrawal of import restrictions.
Other reforms included making the currency convertible, reducing import duties, and removing controls on the movement of foreign private capital. The main lessons that can be applied to economic development in other nations include the importance of economic liberalization, privatization, and creating a favorable environment for foreign investments.
Bangladesh is dependent on agriculture and textile exports, which pose risks such as vulnerability to global market fluctuations, over-dependence on a single industry, and potential adverse effects of climate change.
To diversify its industrial and commercial base, Bangladesh can invest in other sectors like information technology, pharmaceuticals, and renewable energy. The country can also encourage entrepreneurship and innovation, improve infrastructure, and promote foreign investments in various industries.
Learn more about Diversify:
https://brainly.com/question/17218924
#SPJ11
PLEASE ASAP
Do you think the Internet has made marketing restaurants easier or more complex? Explain
The internet has both made marketing restaurants easier and more complex.
On one hand, the internet provides restaurants with numerous channels for marketing their products and services. Social media platforms, online review sites, and food blogs provide opportunities for restaurants to promote their menus, showcase their ambiance, and highlight their unique offerings to a wide audience.
This means that restaurants can potentially reach a larger and more diverse customer base than ever before.
On the other hand, the sheer amount of competition on the internet has made it more complex for restaurants to stand out and attract customers. With so many restaurants vying for attention online, it can be difficult to create a unique and compelling brand that differentiates the restaurant from competitors.
Additionally, online reviews can make or break a restaurant's reputation, and managing online feedback can be challenging and time-consuming.
Overall, the internet has made marketing restaurants both easier and more complex. While it provides a wealth of opportunities for exposure and promotion, it also presents challenges in terms of competition and reputation management.
To know more about internet refer to-
https://brainly.com/question/13570601
#SPJ11
2. Porter's five force analysis on theAutomobile industry of toyota. (Threats -Highmoderate - low )
Threat of new entrants and substitutes is moderate, bargaining power of suppliers is low, bargaining power of buyers and competitive rivalry are high in Toyota's automobile industry.
Porter's five force analysis examines the competitive environment of an industry.
Threat of new entrants: Toyota faces moderate threats from new entrants as the industry has significant barriers to entry such as high capital requirements and government regulations.
Threat of substitutes: The threat of substitutes is also moderate as consumers have a variety of options such as public transportation, carpooling, and ride-hailing services.
Bargaining power of suppliers: The bargaining power of suppliers is low as Toyota has multiple suppliers and can easily switch between them.
Bargaining power of buyers: The bargaining power of buyers is high as consumers have access to abundant information and can easily compare prices and features.
Competitive rivalry: The competitive rivalry is high as there are several major players in the industry, including Toyota, and competitors are constantly innovating and improving their products.
For more questions like Toyota click the link below:
https://brainly.com/question/15084309
#SPJ11
In addition, $2,176 collected for ivanhoe company in august by the bank through electronic funds transfer. the accounts receivable collection has not been recorded ivanhoe company. journalize the adjusting entries at august 31 on the books of ivanhoe company.
The adjusting entry for the unrecorded electronic funds transfer collection by the bank on behalf of Ivanhoe Company would involve increasing the cash balance and decreasing the accounts receivable balance by the same amount of $2,176. The entry would be:
Debit Cash $2,176
Credit Accounts Receivable $2,176
This entry would ensure that the company's financial statements accurately reflect the cash collected from the customer in August.
Failure to make this adjustment would result in an overstatement of accounts receivable and an understatement of cash, which could mislead investors, lenders, and other stakeholders who rely on the company's financial information to make decisions.
Adjusting entries are an important part of the accounting cycle and are necessary to ensure that financial statements are accurate and reliable.
To learn more about cash balance here:
https://brainly.com/question/31721927
#SPJ11
