Answer:
Non-programmed decision.
Explanation:
A unique, nonroutine, important decision requiring conscious thinking, information gathering, and careful consideration of alternatives is a non-programmed decision.
Generally, when an individual (decision maker) makes a non-programmed decision it is typically considered to be an unstructured decision, original and new to him or her, as such these type of decisions are mainly complex or complicated in nature. An example of a non-programmed decision is the decision made by an individual whether to acquire a business firm from his close associates.
The revenue/expense approach focuses on the income statement because it relies on which accounting principles?
Answer:
Revenue recognition and matching
Explanation:
Revenue recognition is as generally accepted accounting principles (GAAP) that recognises or identifies the basis for which a revenue is recognised and how it is accounted for.
Revenue Matching can be defined as an accounting principle that involves the show of expenses during the time the revenue was collected.
Cheers.
When the percentage change in quantity demanded is numerically less than the percentage change in price, ceteris paribus, demand is:
In contrast, when the percentage change in quantity demanded is greater than the percentage change in price, ceteris paribus, demand is considered elastic, meaning that the good or service has more substitutes and consumers are more sensitive to changes in price.
What is Ceteris Paribus?
Ceteris paribus is a Latin term that means "all other things being equal" or "holding all else constant". It is a concept used in economics to isolate the effect of a single variable on a particular outcome, assuming that all other variables remain constant.
In economic analysis, ceteris paribus is often used as an assumption or simplification to help understand the relationship between two variables. For example, if we want to study the relationship between the price of a product and the quantity demanded, we might assume that all other factors that affect demand, such as consumer income, tastes and preferences, and the prices of related products, remain constant.
When the percentage change in quantity demanded is numerically less than the percentage change in price, ceteris paribus, demand is considered inelastic. This means that the change in price has a relatively smaller impact on the quantity demanded, indicating that the good or service is relatively essential or necessary for consumers. Inelastic demand typically occurs for goods or services that have few substitutes, such as essential medications or basic food items, where consumers are willing to pay a higher price to maintain their consumption.
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For a loss contingency to be accrued,
a. it is not necessary that the lawsuit was filed before the end of the accounting period.
b. the lawsuit must have been filed before the end of the accounting period.
c. the cause of the lawsuit must have occurred before the end of the accounting period.
d. the cause of the lawsuit could have occurred before or after the end of the accounting period.
Answer: the cause of the lawsuit must have occurred before the end of the accounting period
Explanation:
A loss contingency is simply an expense charge for what is a future event that may occur like a lawsuit adverse outcome.
For a loss contingency to be accrued, the cause of the lawsuit must have occurred before the end of the accounting period. It should be noted that it's not important for the lawsuit to be filed in that particular reporting period.
How does the chain of command facilitate the operations of a large structured organization?
Answer:
The use if the direct chain of command affords delegation of authority in an easily understandable way, such that needed decisions on actions are more quickly taken to save costs due to delay and lack of cohesion.
Direct chain of command affords employees to work in areas they are proficient with which builds improved competence and skill within the workforce
The chain of command organizational structure is a logical delegation of authority which facilitates collaborative efforts with internal and external bodies
Explanation:
The interest rate is 10% but the government offers you a subsidized perpetual loan for $1m at 5%. in other words, you get the $1m today and, in return, you pay the government $50,000 a year forever (you a re immortal). how much is this subsidy worth?
Answer:
The worth of loan subsidy at 5% is $1000000 and at 10% is $500000.
Explanation:
The subsidized perpetual loan offer by government = $1000000
Interest rate = 5%
The amount paid for forever = $50000
Below is the calculation to find the worth of loan subsidy for forever.
Amount paid to the government for forever at 5% interest.
Total subsidy loan worth at 5% = $50000 /5% = $1000000
The subsidy loan worth at 10% = $50000 /10% = $500000
The worth of loan subsidy at 5% is $1000000 and at 10% is $500000.
Consider the following partially completed income statements for merchandising companies and compute the missing amounts under the Flynt Corp. table below the following Data Table:view the Income Statements:Data Table :Rustic Gear Flynt Corp. Sales$ 98,000 $(d)Cost of Goods Sold:Beginning Merchandise Inventory(a)31,000Purchases and Freight In50,000(e)Cost of Goods Available for Sale(b)91,000Ending Merchandise Inventory(2,200)(2,200)Cost of Goods Sold63,000(f)Gross Profit35,000114,000Selling and Administrative Expenses(c)86,000Operating Income$10,000$(g)Rustic GearSales$98,000Cost of Goods Sold:Beginning Merchandise Inventory15,200Purchases and Freight In50,000Cost of Goods Available for Sale65,200Ending Merchandise Inventory(2,200)Cost of Goods Sold63,000Gross Profit35,000Selling and Administrative Expenses25,000Operating Income$10,000Flynt Corp.__?___$31,000__?___91,000(2,200)114,00086,000__?____
Answer:
e. Purchases & freight= 60,000
f. Cost of goods sold= 88,800
d. Sales= 202,800
g.Operating income= 28,000
Explanation:
Calculation for the missing amounts for Flynt Corp.
e. Computaion for Purchases & freight-in
Using this formula
Purchases & freight-in= Cost of Goods Available for Sale - Beginning Merchandise Inventory
Let plug in the formula
Purchases & freight= 91,000 - 31,000
Purchases & freight= $ 60,000
f. Computation for Cost of goods sold
Using this formula
Cost of goods sold = Cost of Goods Available for Sale - Ending Merchandise Inventory
Let plug in the formula
Cost of goods sold= 91,000 - 2,200
Cost of goods sold= 88,800
d. Computation for Sales
Using this formula
Sales = Gross profit + Cost of goods sold
Let plug in the formula
Sales= 114 000 + 88,800
Sales= 202,800
g. Computation for Operating income
Using this formula
Operating income = Gross profit - Selling and Administrative Expenses
Let plug in the formula
Operating income= 114,000 - 86,000
Operating income= 28,000
Preparation for the Income statement for Flynt Corp.
Flynt INCOME STATEMENT
Sales 202,800 (i)
Cost of good sold :
Beginning Merchandise Inventory 31,000
Purchases and Freight In 60,000
Total Cost of goods available for sale 91,000
(60,000+31,000)
Less Ending Merchandise Inventory 2,200
Cost of goods sold 88,800 (ii)
(91,000-2,200)
Gross profit 114,000
(202,800 - 88,800)
Less Selling & Administrative expenses 86,000
Operating income 28,000
In marketing terms, we say that the number of intermediary levels indicates the ________ of a channel.
Answer:
length
Explanation:
In marketing terms, we say that the number of intermediary levels indicates the length of a channel.
intermediary levels in marketing involves those that their activities are needed to make sure the product or services from the producer get down to final consumers, they could be retailers or agents even wholesaler.
It should be noted that number of intermediary levels indicates the length of a channel.
PFC Kim's living expenses are $1200/month. Her base pay is $1546.80 and she also receives $6.90 in partial BAH and BAS of $367.92. How does her living expense-to-income ratio compare to the recommended maximum living expense-to-income ratio
Answer:
Living expenses are less than the recommended maximum ratio
Explanation:
Since in the question it is given that
Living expenses = $1,200 per month
Base pay = $1,546.80
Received amount in partial BAH and BAS = $367.92
Now if we make the comparison between the living expense to income ratio and the high living expense to income ratio so it should be concluded that the living expenses are lower than the suggested maximum ratio and hence, the same is to be considered
Macroeconomics Which of the following statements is true? a. A college degree does not influence the earnings of workers. b. The median pay of economics majors increased more in dollar terms than any other majors in 2015. c. People with 0–5 years of work experience earn more than people with 10–20 years of work experience in all major fields. d. Students majoring in economics earned more than students majoring in engineering in the U.S. in 2015.
Answer: b. The median pay of economics majors increased more in dollar terms than any other majors in 2015.
Explanation:
Several sources have shown that Economics majors had the highest per dollar increase of all majors in 2015.
This has been put down to the need for more economists in the field as the years go by and world economics becomes more uncertain. Another key factor is the level of specialization and expertise required of economists as most entry level economists jobs require a masters at the very least.
9What is an example of a formal closing? ALove, incorrect answer BSee you later, incorrect answer CYours truly, incorrect answer DTill then, incorrect answer 9 of 10
Answer:
C Yours truly
Explanation:
For closing the formal letter, we write off the format closing at the bottom of the page
Like
Yours sincerely
Thanks & regards
Your truly
Best regards, etc
This should represent the respect of a person and the writing way to write out a letter
Therefore in the given case, the option C is correct i.e. C yours truly
Answer:
D
Explanation:
DDDDDDDDDDDDDDd
The principle that individuals and firms pick the activity level where the incremental benefit of that activity equals the incremental cost of that activity is known as the principle of opportunity cost. spillover principle. marginal principle. principle of diminishing returns.
Answer:
Marginal principle
Explanation:
Marginal principle is the principle that states that individuals and firms pick the activity level where the incremental benefit of that activity equals the incremental cost of that activity. Marginal principal in nutshell is study about economic decisions and effect of change in variable and its effect on other variable. Marginal principal focus on the additional variable like labor and its effect on productivity generated in terms of output. Marginal principal considers both marginal benefits and marginal cost. marginal principal is important concept in economics that direct the over all industries and their output because they consider the additional cost of resources and additional benefits from them. marginal principal takes into account the marginal cost of producing one unit and its benefits incurred in terms of productivity and output.
Which of the following is NOT a component of the marketing mix?
O Product
O Promotion
O Perception
O Price
Answer:
Perception
Explanation:
Perception is not a component of the marketing mix. Option C is correct.
What are the components of a marketing mix?There are four main components of marketing mix, that help in marketing of any product in the market, and it is most important in the field of marketing, the four main components are:
ProductPrice PlacePromotionTherefore, option C correct.
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Financial statement auditors provide some degree of assurance that financial statements are free of material misstatement. Many investors believe this degree of assurance should be higher in cases of intentional misstatement such as fraud than for unintentional misstatement, such as honest mistakes in management’s accounting. Many auditors would point out that fraud is much harder to detect than honest errors because management tries to conceal fraud, but not honest mistakes. According to auditing standards, what degree of assurance do financial-statement auditors provide that there are no material misstatements due to intentional misstatements (e.g., fraud) versus unintentional misstatements (e.g., honest computational mistakes)?
Answer:
First of all, an auditor must be skeptical about the information that he/she is gathering and analyzing. They should try to get as much audit evidence as they can in order to form an opinion. But an auditor can also reasonably assure that there are no material misstatements, either intentional or not intentional.
Most auditor procedures are intended to discover unintentional misstatements, but intentional misstatements are very hard to discover because more than one individual (or even a very large group) might have colluded in order to conceal them. The auditor gets his information from the controller, internal auditor, and other people within the organization, but what if they all colluded in order to conceal their bad actions.
E.g. an auditor should check for shipping receipts to be complete, accurate and in order, but he/she relies on information given by the same people that he/she is evaluating. The auditor can conclude that the shipping reports are complete, but he/she cannot state that they are true and valid because he/she wasn't there.
A ________ is an action-oriented document or playbook that guides the analysis, implementation, and control of the firm’s marketing strategy.
Answer:
marketing plan
Explanation:
A marketing plan can be defined as seen in the question as above but could also be said to be a blueprint or detailed document that outlines or explains the advertising and marketing plan that is to be used for a coming year.
Simply put, a marketing plan is one that explains a companies marketing strategies needed to reach a goal withing a time frame.
Elements of a marketing plan usually includes; price, product, promotion, people, place.
Cheers.
Both country 1 and country 2 are located on their respective production possibilities frontiers (PPFs) for consumer goods and capital goods, but country 1 produces twice the output of both types of goods compared to country 2. It follows that:_______.
Answer: country 1's PPF lies further to the right than country 2's PPF.
Explanation:
Both country 1 and country 2 are located on their respective production possibilities frontiers (PPFs) for consumer goods and capital goods, but country 1 produces twice the output of both types of goods compared to country 2. It follows that country 1's PPF lies further to the right than country 2's PPF.
The Production Possibilities Frontier is simply a graph used to show several output combination for two goods that will be be formed using the available resources and skills.
country 1's PPF lies further to the right than country 2's PPF would imply that PPF would lead to a rise in factor resources and a rise in productivity to be able to reach the output of both the consumer and capital goods.
The number of families who used the minneapolis ywca day care service was recorded over a 30-day period. the results are as follows:
Complete Question:
The number of families who used the Minneapolis YWCA day care service was recorded over a 30-day period. The results are as follows:
62 51 60 43 58 56 53 35 55 55
35 53 65 35 6 22 55 26 32 24
53 17 11 58 54 54 20 56 39 57
Construct a cumulative frequency distribution of this data.
Answer:
The Cumulative Frequency Distribution of the number of families who used the Minneapolis YWCA Daycare Service:
Class Frequency Cumulative Frequency
0 up to 15 2 2
16 up to 30 5 7
31 up to 45 6 13
46 up to 60 15 28
61 up to 75 2 30
Explanation:
The cumulative frequency table produced above can be used to determine the value of the usage of the YWCA Daycare Service by the different Minneapolis families over a period of time.
When you have carefully checked all the facts and your attitudes and still find that there’s just something about your supervisor that’s causing a problem in your relationship, you should suspect that
Answer:
Your answer to that is try to talk it out with someone and dont hold it in.
Explanation:Have fun and a great day
Assume that instead of the military-equipment issue, Thomas's religion required that he take a break at noon every day to take illegal drugs. The drugs are considered "Schedule 1" drugs, meaning the government has evaluated them and determined that the drugs have no medicinal value but have a high risk of addiction or serve as "gateway" drugs, leading users to even more serious drugs. The state relies on studies linking drug use to criminal activity and violence.
Answer:
CompellingValidExplanation:
A compelling interest refers to a choice that is not made out of choice but out of necessity. In Thomas's case, as the drug is considered a gateway drug that might get him addicted to others that might then lead him to a life of crime, it is necessary that his actions are nipped in the bud and that would work by violating Thomas's religious freedom and justifiably so.
If the court considers the state's reasons sufficient, then the regulation that violated Thomas's religious freedom is valid and should not be struck down because it is the only way that the Governmental objective of lower crime can be achieved in this instance.
__ are the people, money, information, equipment, and materials required to produce an organization's goods or services.
Answer:
Inputs
Explanation:
Inputs are the people, money, information, equipment, and materials required to produce an organization's goods or services. Input in production process mean that which helps to produce output in production area. i.e. In production process, the input includes Labor and Capital. Production process depends on these two inputs, and these input helps production goods be occur.
"Raising taxes will hurt the economy given that with higher taxes, small business will go out of business" is
Which of these is a major criticism of scientific management?
a. It overemphasized the intelligence of workers.
b. It emphasized the social context of work.
c. It ignored the social context of work.
d. It overemphasized individual differences.
e. It ignored the impact of compensation on performance.
Answer:
The correct answer is the option C: It ignored the social context of work.
Explanation:
To begin with, the name of "Scientific Management" refers to the theory created by Frederick Taylor that focus on the study of the work environment around the years of the industrilization process back then. Therefore that this concept is quite ancient in terms that only looks for that the worker can do and how can he do it faster and more efficiently. A major importance of this study was the use of measuring the time of every worker to see how they were going. So, it is understandable that this process is criticized by many managers of today because it does not have in mind the social context of the workers and only sees them as machine without personal goals outside the work.
A major criticism of scientific management is that it ignored the social context of work. The correct option is c.
Although it is widely acknowledged that scientific management enables management to allocate resources in the most efficient and effective manner possible, it has not been without criticism.
Workers' Point of View
Unemployment - Workers believe that management limits their employment chances by replacing men with robots and by enhancing human productivity, requiring fewer workers to accomplish work, resulting in their dismissal.
Employers viewpoint
Expensive - Scientific management is an expensive approach that requires a significant investment in the development of a planning department, standardisation, work studies, and worker training. It may be out of reach for small businesses. Overhead costs rise as a result of heavy food investment.
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Jim and Pam Thomas have been married for many years. How will the estate be taxed when transferred to the remaining spouse if one of them dies
Answer:
When a spouse dies, and his/her estate is passed to the surviving spouse, there is no estate tax liability. When you are married, a joint tenancy in common is formed for all the spouses' estate, so if one dies, the estate will pass automatically to the surviving spouse (joint tenant) unless a prenuptial or postnuptial agreement exists.
A small business owner has decided to form a ______________ after deciding that she wants to maximize revenue, minimize taxes, give back to the community, and exercise total control over her business.
Answer:
Sole proprietorship
Explanation:
If you want to minimize taxes and avoid double or even triple taxation, your options are a sole proprietorship, a partnership (general or limited liability) or a limited liability company. The IRS considers them pass through entities, so they are not taxed directly, you are.
But if you want to exercise total control over your business, the options narrow down to only a sole proprietorship because all the others involve other people being co-owners of the business.
A ________ is a temporary activity a company undertakes to create a unique product, service, or result.
Answer:
a project
Explanation:
is a temporary activity that's creates products, service, or result etc
In a household, a business is run for an average of 6 hours per day. the total power consumed by a computer and its printer is 215 watts. in addition, a 75-w light bulb runs during the same 6 hours. if their utility charges 11.75 cents per kwh, how much do the owners pay every 30-days?
Answer:
$6.13
Explanation:
total electricity consumed per hour = 215 watts (computer + printer) + 75 watts (lights) = 290 watts per hour
total electricity consumed per month = 290 watts x 6 hours x 30 days = 52,200 watts = 52.2 kwh
monthly electric bill associated to the business = 52.2 kwh x $11.75 = $6.1335 ≈ $6.13
the amount that the owners will pay every 30-days is $6.13.
Here, we are to calculate the amount that the owners will pay for electricity every month.
The total electricity consumed per hour equals watt of Computer&Printer + Light wattTotal electricity consumed per hour = 215 watts + 75 watts
Total electricity consumed per hour = 290 watts per hour
Total electricity consumed per month = Total electricity consumed per hour * 6 hours * 30 daysTotal electricity consumed per month = 290 watts x 6 hours x 30 days
Total electricity consumed = 52,200 watts
Total electricity consumed = 52.2 kwh
Monthly electric bill = Total electricity consumed * Utility charges per kwh
Monthly electric bill = 52.2 kwh x $11.75
Monthly electric bill = $6.1335
Monthly electric bill = $6.13
Therefore, the amount that the owners will pay every 30-days is $6.13.
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Bauer Software's current balance sheet shows total common equity of $5,125,000. The company has 490,000 shares of stock outstanding, and they sell at a price of $27.50 per share. By how much do the firm's market and book values per share differ?
Answer:
$17.04
Explanation:
Book value per share of equity = $5,125,000 / 490,000 = $10.46
Market price per share = $27.50
$27.50 - $10.46 = $17.04
Elen holds 1,000 shares of fizbo inc. stock that she purchased 11 months ago. the stock has done very well and has appreciated $20/share since helen bought the stock. when sold, the stock will be taxed at capital gains rates (the long-term rate is 15 percent and the short-term rate is the taxpayer's marginal tax rate). ignore the time value of money.
Answer:
Question option include: a. if Helen's marginal tax rate is 35 percent, how much would she save by holding the stock an additional month before selling? b. what might prevent Helen from waiting to sell?
Solution
Per share increase in price = $20
No of shares = 1000
Total capital gain = 1000 * $20 = $20,000
Tax rate if hold for one year more = $20,000 * 15% = $3,000
If sold immediately and taxed as short term capital gain, then = $20,000 * 35% = $7,000
So if shares are held for more than a month a tax of {($7000 - $3000) = $4,000} can be saved.
b In a month shares prices may fall and capital appreciation would be reduced and this will increase the risk associated with the investment and she will not to wait for the liquidity for a month more.
Andre enjoys playing video games, but there is not a video game about his favorite hobby: collecting stamps. Andre decides to make a video game, not his for his enjoyment but to sell to other stamp collectors.
Answer:
B) entrepreneur
Explanation:
Since in the question it is mentioned that Andre enjoys while playing video games but at that time his favorite video game is not available i.e. collecting stamps. Now he decides to prepare a video game not for his enjoyment but for selling to the stamp collectors
So here the productive resources are entrepreneurs as it deals with the resources that are needed while producing the goods and services
hence, the correct option is B.
Which two advantages do renters have that home buyers don’t have?
Renters are not affected by changing property price.
Renters don't have to pay for major repairs to the property.
Answer:
Renters are not affected by changing property price.
Renters don't have to pay for major repairs to the property.
Explanation: it’s right on Plato
A corporation has reported earnings per share of $1.00. If it pays a dividend of $.75 per share, the effect of the remaining $.25 will be to:________
A) increase retained earnings.
B) increase working capital.
Answer:
A. Increase retained earnings
Explanation:
The net income earned by a company in a particular year is always used for two purposes and treated in these ways- it is either paid out as dividends or retained in the business and transferred to the retained earning account or both. Thus, if out of $1.00 earnings per share, which is basically the net income earned per share, $0.75 is paid out as dividends per share, the remaining $0.25 is retained in the business and transferred to the retained earnings account.