The cycle time of a production process is the total time it takes to complete one cycle of the process "It will go up" If inventory increases but the flow time remains constant, then the cycle time will also increase. The Correct Option is a) It will go up
This is because the same amount of time is needed to process the new inventory, so the total cycle time increases.
The reason why the cycle time increases when inventory increases and flow time stays the same is because the same amount of time is needed to process each unit. When the inventory increases, more units need to be processed, so the total cycle time increases.
To sum up, if inventory increases but the flow time remains constant, then the cycle time will also increase. This is because the same amount of time is needed to process the new inventory, so the total cycle time increases.
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Complete Question
if inventory goes up, but flow time stays constant, what will happen to cycle time? multiple choice question. a) It will go up b) It will go down c) It will stay the same. d) none of these.
circumstances that likely will result in an audit opinion that departs from an unqualified opinion include
Circumstances that likely will result in an audit opinion that departs from an unqualified opinion include:
Material misstatements in the financial statementsMisrepresentations in management's representationsLimitations on the scope of the auditInadequate or insufficient evidenceNon-compliance with laws or regulationsAn audit opinion that differs from an unqualified opinion may be issued if the auditor discovers material misstatements or inconsistencies in the financial statements if the auditor is limited in the extent of their audit, or if there is a disagreement between the auditor and the client regarding financial statement presentation or disclosure.
These circumstances indicate that the auditor is unable to express an unqualified opinion on the financial statements.
An auditor must also be able to conduct the audit with sufficient scope to obtain adequate audit evidence. If the auditor is unable to complete an appropriate audit for any reason, such as a limitation on scope, they may be unable to issue an unqualified opinion.
Finally, if the auditor and client disagree on a financial statement presentation or disclosure, the auditor may be unable to express an unqualified opinion.
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a travel agency runs a special in which travelers can purchase a cruise ship ticket and an airline flight ticket to the port city from which the cruise ship leaves for a combined price that is less than the total price at which travelers can purchase each separately. this can be considered:
The given scenario is an example of a travel agency running a special in which travelers can purchase a cruise ship ticket and an airline flight ticket to the port city from which the cruise ship leaves for a combined price that is less than the total price at which travelers can purchase each separately. This can be considered a bundle pricing strategy.
Bundle pricing is a marketing pricing technique where multiple goods or services are sold for a single price. Bundle pricing is one of the most effective ways to improve sales. Bundle pricing involves combining multiple products or services into a single package that is sold at a discounted rate.
In simple terms, Bundle pricing is when a group of goods or services are sold together, at a reduced price when compared to the cost of each item separately. Travel agencies often use this pricing strategy to attract consumers.
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the intent of the terms ordinary and necessary when referring to deductible business expenses means the expenses must be
The intent of the terms "ordinary and necessary" when referring to deductible business expenses means that the expenses must be both common and necessary in the specific trade or business.
Ordinary: An expense is considered ordinary if it is common and accepted in the specific trade or business. For example, advertising expenses are considered ordinary for a marketing firm, but not for a construction company.
Necessary: An expense is considered necessary if it is helpful and appropriate for the specific trade or business. For example, rent for an office space is necessary for a law firm to conduct their business operations.
To be deductible, an expense must satisfy both the ordinary and necessary requirements. This means that the expense is both common and accepted in the industry, as well as helpful and appropriate for the specific trade or business.
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revisit the costs for the khalid company below. what is the product's contribution margin ratio? group of answer choices 46.6% 58.3% 30.0% 52.3% none of the above
The product's contribution margin ratio is 50%.The option E. None of the above is correct.
About contribution margin ratioThe contribution margin ratio for the product can be calculated using the following formula:
Contribution margin ratio = (Contribution margin / Sales) x 100
Where contribution margin is calculated as:
Contribution margin = Sales - Variable Expenses Given below is the data for Khalid Company:
Sales = $150,000
Variable expenses = $75,000
Fixed expenses = $50,000
Using the above data, we can calculate the contribution margin as:
Contribution margin = Sales - Variable expenses= $150,000 - $75,000= $75,000
And the contribution margin ratio as:
Contribution margin ratio = (Contribution margin / Sales) x 100= ($75,000 / $150,000) x 100= 50%
Therefore, the product's contribution margin ratio is 50%.(Option E. None of the above)
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products consumers purchase frequently and with a minimum of shopping effort are known as group of answer choices shopping products unsought products habitual products convenience products
Products that are frequently purchased by consumers with a minimum of shopping effort are known as convenience products.
What are convenience products?
Convenience products are products that are frequently purchased by consumers with a minimum of shopping effort. These types of products include products such as chewing gum, toothpaste, beverages, and candy. Convenience products are products that are widely available in most retail stores and can be easily obtained by consumers.
They are usually low-priced products and require little consideration or research by consumers before they are purchased. These types of products are bought by consumers based on the belief that the product is easily accessible, low-priced, and that the consumer already knows the product's quality.
What are the characteristics of convenience products?
Below are some of the characteristics of convenience products:
They are low-priced.They are widely available in most retail stores.They require little consideration or research by consumers before they are purchased.They are bought by consumers based on the belief that the product is easily accessible, low-priced, and that the consumer already knows the product's quality.The purchase of these products does not involve much deliberation by the consumer before making the purchase. Consumers frequently purchase convenience products because of their low prices and ease of accessibility. They are widely available in most retail stores and are easy to obtain.
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anton is very particular about the clothes he buys. he doesn't like fabric that itches his skin, and he has a hard time getting clothes to fit him. what benefit would shopping in a store give anton over other retail channels?
Anton would benefit from shopping in a store because it would give him the opportunity to touch and try on the clothes before purchasing them.
Shopping in a store also provides the benefit of being able to receive personal assistance from store employees. Anton can ask for help finding clothes that meet his specific needs and can receive advice on the best fit and fabric for his body type and skin sensitivity. This level of personal assistance can be especially valuable for customers who have difficulty finding clothes that meet their needs through other retail channels.
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Managers are able to influence which of the following types of external forces? (Check all that apply.)
Multiple select question.
A. currency exchange rates
B. the structure of their industry
C. interest rates
D. strategic group composition
Managers can influence the following types of external forces:
The correct options are A, B, C and D.
External factors include all the factors that a firm cannot control, but which may affect its success or failure. Managers, on the other hand, have no control over the vast majority of external factors, but they can exert some influence on some of them.
Currency exchange rates: Currency exchange rates can have a big impact on a company's revenue and profit margins, and managers can influence them by creating sound financial policies and strategies that help the company navigate changes in the currency market.
The structure of their industry: The structure of their industry refers to the competitive environment in which a company operates, and managers can influence it by collaborating with other players in the industry to establish industry standards and norms that benefit everyone.
Interest rates: Interest rates are a critical component of a firm's financial strategy, and managers can influence them by developing sound financial policies that minimize the company's exposure to fluctuations in interest rates.
Strategic group composition: A strategic group is a group of firms in an industry that share similar strategies, resources, and goals. Managers can influence strategic group composition by collaborating with other firms to establish industry standards and norms that benefit everyone.
Industry standards and norms can help minimize wasteful competition and promote mutually beneficial cooperation that can improve the industry as a whole.
Therefore all the option are acorrect.
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In the dynamic capabilities perspective, competitive advantage derives from ______.
In the dynamic capabilities perspective, competitive advantage derives from the effective management of a firm's resources and capabilities.
This perspective recognizes that firms must be able to adapt to changing environmental conditions by building, acquiring, and leveraging resources and capabilities that enable them to effectively respond to these changes.
Dynamic capabilities refer to the ability of a firm to develop and exploit its internal resources and capabilities to respond to changes in the external environment. Dynamic capabilities can be classified into three types: sensing, seizing, and transforming.
Sensing refers to a firm's ability to identify changes in the environment that may affect its competitive position. Seizing refers to a firm's ability to respond to these changes by building new capabilities, entering new markets, or developing new products or services. Transforming refers to a firm's ability to change its existing capabilities to respond to environmental changes.
In other words, transforming is about the ability of the firm to adapt to the changing environment by changing its resource allocation, processes, and routines.The dynamic capabilities perspective recognizes that competitive advantage derives from the effective management of a firm's resources and capabilities.
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if a firm sets a goal of gaining 10 percent more than it put into the business initially, it is most likely using what pricing approach?
This firm is most likely using a mark-up pricing approach, a strategy that sets a target to make a profit of a certain percentage more than the cost of the good or service. In this case, the firm is aiming to make 10% more than it initially put into the business, which is indicative of a mark-up pricing approach.
Mark-up pricing is typically used when the supplier has relatively limited market power and is unable to set a higher price, or the demand is expected to be low and the supplier needs to incentivize the sale of the good or service. With mark-up pricing, a base price is established and then increased by a fixed percentage. This percentage is usually established by assessing the costs associated with creating and delivering the product or service, plus an additional percentage for profit.
In addition to mark-up pricing, firms may also employ penetration pricing, cost-plus pricing, and premium pricing, depending on their pricing objectives. Penetration pricing is used when the goal is to quickly capture market share by setting a low price and making the product widely available. Cost-plus pricing is used when the goal is to cover costs and make a reasonable profit. Finally, premium pricing is used when the goal is to emphasize a product's quality or when there is an inelastic demand.
In conclusion, when a firm sets a goal of gaining 10 percent more than it put into the business initially, it is most likely using a mark-up pricing approach. Mark-up pricing sets a target to make a profit of a certain percentage more than the cost of the good or service. It is usually used when the supplier has limited market power and is unable to set a higher price. In addition to mark-up pricing, firms may also use penetration pricing, cost-plus pricing, and premium pricing.
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Answer: target return-on-investment
Explanation:
jackson company purchased back 1,000 shares of $2 common stock for $20. jackson then resold the stock for $25. the amount credited to additional paid-in capital from treasury stock is a.$10,000. b.$2,000. c.$5,000. d.$20,000.
The amount credited to additional paid-in capital from treasury stock is $5,000.The correct option is c.
Jackson Company purchased 1,000 shares of $2 common stock for $20,000. This is an investment of $20,000 in treasury stock. The company then resold the stock for $25,000. The difference of $5,000 is the amount credited to additional paid-in capital from treasury stock.
Treasury stock is the number of shares that a company has issued and then repurchased from the shareholders. A company buys treasury stock either to give its shareholders a return, for its stocks to be publicly traded, or to gain control of the company. Treasury stock can be either retired or held in the company's treasury.
When a company holds back the treasury stock, it's as though the shares were never issued, and the company reduces its total number of outstanding shares accordingly. When a company buys back its shares, the money that the company receives from selling those shares would be added to the additional paid-in capital account.
When it sells those shares again, the proceeds of the sale are removed from the additional paid-in capital account, and the difference is debited to the treasury stock account, which is a reduction in equity in the balance sheet. Therefore, the amount credited to additional paid-in capital from treasury stock is $5,000. So, the correct option is (c) $5,000.
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true or false: special interest issues provide substantial widespread benefits to citizens while imposing a large individual cost only on the wealthiest citizens.
The given statement, "special interest issues provide substantial widespread benefits to citizens while imposing a large individual cost only on the wealthiest citizens," is false (F) because special interest issues often only benefit a specific group or industry.
While the cost is often spread out among all citizens or disproportionately affects marginalized communities.
Special interest issues may involve policies or legislation that favor a specific group or industry, such as tax breaks or subsidies. While these policies may provide benefits to those groups, they may also impose costs on other individuals or communities. For example, a tax break for a particular industry may lead to reduced revenue for the government, which may result in cuts to public services or increased taxes on other citizens.
Additionally, marginalized communities may be disproportionately affected by special interest policies, as they may lack the resources or political influence to effectively advocate for their interests. Therefore, while special interest issues may provide benefits to certain groups, they may also impose costs on others and may not necessarily provide substantial widespread benefits to all citizens.
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which of the following is a component of pepsi-cola's general environment and may influence how it does business? question 9 options: coca-cola environmental laws inflation two of the above none of the above
A component of Pepsi-Cola's specific environment which will directly influence how it does business is Coca-Cola. Therefore, the correct option is A.
The specific environment comprises of the external factors and have an immediate and direct effect on the organization's success. As a result, these elements have a direct impact on the company's performance. These forces are specific to a particular organisation or a company. In other words, the specific environment of an organization consists of the particular industry, suppliers, clients, competitors, new entrants, and other stakeholders that have a direct impact on its achievement.
Hence, as Coca-Cola is a direct competitor and thus a component of Pepsi's specific environment. It will directly affect the company's success which is beyond the company's control. Therefore, the correct option is A.
Note: The question is incomplete. The complete question probably is: Which of the following is a component of Pepsi-Cola's specific environment and will directly influence how it does business? a. Coca-Cola b. laws concerning sanitation c. inflation d. the increased popularity of energy drinks e. the development of vending machines that accept debit cards.
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for ordinary workers to affect the industrial order, they had to develop their own kind of integrated system. workers' systematic approach to industrialization was
Workers organized themselves to gain power and autonomy in the industrial order, by forming unions, cooperatives, and associations to bargain for better conditions.
The workers' systematic approach to industrialization was to create an organized structure that allowed them to have more control over the industrial order.
This involved creating associations of workers, cooperatives, unions, and other organizations that had the purpose of collectively bargaining for better working conditions and wages. These organizations would then negotiate with employers, allowing workers to gain more power and autonomy within the industrial order.
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emergencies, vacations, social events, and major purchases are examples of short-term needs. a. true b. false
The given statement "Emergencies, vacations, social events, and major purchases are examples of short-term needs" is true.
Short-term needs are wants or needs that can be met quickly or in the near future. Emergencies, vacations, social events, and major purchases are examples of short-term needs. A short-term need is one that you will pay for in less than a year.
Long-term wants or requirements, such as a house, a child's education, or a comfortable retirement, may take years to save for and obtain.
Emergencies may include unexpected health expenditures, car repairs, or home repairs that need immediate attention.Vacations may be a brief weekend trip to a nearby city or a week-long vacation abroad, all of which are planned ahead of time. Social events may include a special date, an invitation to a dinner or lunch, or a party invitation. Buying a vehicle or upgrading your electronic gadget are examples of major purchases.The various types of short-term expenses are emergencies, vacations, social events, and major purchases.
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The internal rate of return is the discount rate that equates the present value of the project's free cash flows with the project's initial cash outlay.TrueFalse
"The statement "The internal rate of return is the discount rate that equates the present value of the project's free cash flows with the project's initial cash outlay" is TRUE.
The internal rate of return (IRR) is a popular financial metric that is used to determine the profitability of an investment. It is the discount rate that makes the net present value (NPV) of a series of cash flows equal to zero. In other words, the internal rate of return is the rate at which the present value of the project's future cash inflows equals the initial investment or cash outlay. The formula for calculating the internal rate of return (IRR) is as follows:
NPV = C₀ + C₁ / (1 + IRR)¹ + C₂ / (1 + IRR)² + ... + Cn / (1 + IRR)n Where: NPV = Net present value C₀ = Initial cash outlay C₁, C₂, ..., Cn = Cash inflows in each period IRR = Internal rate of return Thus, the statement "The internal rate of return is the discount rate that equates the present value of the project's free cash flows with the project's initial cash outlay" is TRUE.
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the primary question the entrepreneur is trying to answer with market research regarding their idea is what?
The primary question an entrepreneur is trying to answer with market research regarding their idea is what is the demand for the product or service?
Economic Questions: What, How, For Whom?In order to meet the needs of its people, every society must answer three basic economic questions:
What should we produce?How should we produce it?For whom should we produce it?A society (or country) might decide to produce candy or cars, computers or combat boots. The goods might be produced by unskilled workers in privately owned factories or by technical experts in government-funded laboratories.
Once they are made, the goods might be given out for free to the poor or sold at high prices that only the rich can afford. The possibilities are endless.
Although every society answers the three basic economic questions differently, in doing so, each confronts the same fundamental problems: resource allocation and scarcity.
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which of the following dictates overall business objectives? group of answer choices the broad environment in which the business operates public relations strategies public relations programs marketing and advertising strategies
The broad environment in which the business operates dictates overall business objectives. This includes factors such as the external economic environment, technological environment, legal and political environment, and social and cultural environment. These environmental factors can help shape the overall business objectives of the organization.
The broad environment in which the business operates dictates overall business objectives. The external environment, which includes factors such as economic conditions, political and legal factors, technological changes, social and cultural factors, and competition, has a significant impact on a business's overall objectives. A business must analyze and understand the external environment to determine the best course of action and establish goals that align with the opportunities and challenges presented by the environment. Public relations strategies and programs, as well as marketing and advertising strategies, may be important components of a business's overall strategy, but they are not the factors that dictate the overall business objectives
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katie wants to get a new pair of headphones but is having a hard time making a choice. there are so many different features she would like to have, such as noise-cancelling, a good microphone, a high level of comfort, and great sound. she also wants them to be wireless, but wants low latency for gaming and movies; plus she wants them to be stylish. but she has a limited budget and so can't afford headphones with all of those things. so she created a chart with a score for how important each of those things is to her and how different brands are scored on those things from a popular review site. then she'll pick the brand that scores the highest overall on the sum of her importance score times the review score. based on this, katie is using what type of decision-making model? a.Compensatory b.Simplifying Choice Tactics c.Non-compensatory d.Lexicographic e.Elimination by aspects
Katie is using the Compensatory decision-making model. This model involves evaluating each option based on multiple attributes or criteria and weighing them according to their importance. The correct option is a) Compensatory.
In Katie's case, she considers factors like noise-cancelling, microphone quality, comfort, sound quality, wireless capability, low latency, and style. She assigns a score to each feature based on its importance to her, and also obtains review scores for different headphone brands on those features.
By multiplying the importance score by the review score for each feature and summing up the results, Katie is essentially compensating for potential weaknesses in one area with strengths in another area. This allows her to make a well-informed decision on which headphones to buy, taking into account her preferences and the performance of each brand.
This approach differs from other decision-making models like Simplifying Choice Tactics, where the decision maker relies on simple heuristics or rules of thumb to choose; Non-compensatory, where a single attribute may lead to disqualification of an option;
Lexicographic, where the most important attribute is used to decide, and only if there's a tie, the next important attribute is considered; and Elimination by aspects, where alternatives are eliminated based on certain attributes not meeting a certain threshold.
Katie's method, the Compensatory model, provides a comprehensive and balanced evaluation of her options, allowing her to make an informed choice within her budget constraints. Therefore The correct option is a) Compensatory.
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mark is a broker who signed a listing agreement with a seller to sell their single-family home. a broker associate working under mark brings a buyer to the seller and both parties sign the sales contract. has mark violated any agency laws? no. a dual agency relationship is permitted for residential properties.
No, Mark has not violated any agency laws in this situation. The scenario described suggests that Mark acted as a listing broker for the seller and that the broker associate working under him brought a buyer to the seller.
Assuming that both parties signed the sales contract and all relevant disclosures and agreements were made, it would be considered a dual-agency relationship. In a dual agency relationship, the same brokerage firm or broker represents both the buyer and the seller in a real estate transaction.
While dual agency relationships are generally permitted for residential properties in some states and countries, it is important that all parties involved are aware of the relationship and that the broker provides full disclosure of any potential conflicts of interest. It is also recommended that both the buyer and the seller obtain independent legal advice before entering into a dual-agency relationship.
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data was collected on a particular stock every month for a period of 12 months. this is an example of
The given data collected on a particular stock every month for a period of 12 months is an example of time-series data.
What is time-series Data?
Time-series data refers to the set of statistical observations in which each data point is associated with a unique timestamp or interval. Time-series data is essential in a variety of fields, including economics, finance, weather forecasting, engineering, and scientific research. Some of the typical examples of time-series data are:
Monthly or Quarterly Financial reports, Hourly Temperatures Daily Traffic statistics, Minute-level stock prices, Monthly Website Traffic Quarterly Sales reports ,Yearly Climate changes And so on. Time-series data is used to make informed decisions about future trends, forecasts, and patterns based on historical observations. In order to capture the seasonality or other patterns in the data, time-series data is usually plotted on a graph over time.
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in 2014, the top 10 percent of u.s. households received approximately of all income. a. 25 b. 70 c. 50 d. 10
In 2014, the top 10 percent of u.s. households received approximately 25% of all income. (A)
In 2014, the top 10% of US households received approximately 25% of all income. This is significantly higher than the median of the bottom 90%, which was only 14.6%.
This means that the top 10% earned roughly 10 times more than the bottom 90%. The gap between the rich and the poor has been steadily increasing since the early 1980s and this trend has continued through 2014.
The disparity between the top 10% and the rest of the population is indicative of economic inequality in the US. This has far reaching consequences on economic growth, social mobility, and opportunity.
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a) if you invest $3,500 now in return for a guaranteed $7,000 income at a later date, when must you receive your money in order to earn exactly 8% per year by simple interest? b) how long will it take by compounding interest?
a) It will take 12.5 years for an individual who invests $3,500 now for a guaranteed income of $7,000 later to earn exactly 8% per year by simple interest. b) It will take approximately 8.16 years by compound interest when all other factors remains the same.
a) The formula for simple interest is given as;
I = Prt
where I represents the interest amount, P represents the principal amount, r represents the interest rate, and t represents the time duration. The interest rate is given as 8% per year, thus r = 8/100 = 0.08. Also, the principal amount is given as $3,500 and final amount is $7,000, Hence the interest earn is $3.500 ($7,000 - $3,500).
Hence,
I = Prt
3,500 = 0.08 × 3,500 × t
t = 3,500/ (0.08 × 3,500)
t = 12.5 years
Thus, it will take approximately 12.5 years by simple interest for the individual to earn $7,000.
b) Compound interest is given as the sum of the principal amount and the compound interest amount. The formula for compound interest is given as;
A = P(1 + r/n)^nt
where A represents the compound interest amount, P represents the principal amount, r represents the interest rate, t represents the time duration, and n represents the number of times interest is compounded per year. It is assumed that the interest is compounded annually, i.e., n = 1.
Also, we have P = 3,500, r = 8/100 = 0.08, and A = 7,000. Thus
A = P(1 + r/n)^nt
7,000 = 3,500(1 + 0.08/1)^t
2 = (1.08)^t
log (1.08) 2 = t × log (1.08)
t = log (1.08) 2/ log (1.08 )≈ 8.16 years
Thus, it will take approximately 8.16 years by compounding interest for the individual to earn $7,000.
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how can managers identify the ethically questionable applicants even before they become part of the workforce?
Give the person a chance to defend their acts or change their conduct first. If a straightforward discussion doesn't fix the problem, you might need to contact your boss, HR, or a workplace ethics hotline.
How can managers spot candidates who have ethical concerns before they join the workforce?
Ask potential hires to respond to a series of questions about their ethical principles and thought processes as part of an ethics exam. This can provide you a more comprehensive understanding of a candidate's ethical inclinations when done in tandem with reference checks. being truthful in an advertisement, preserving discretion throughout the selection process, ensuring that all candidates are subjected to the same interview questions, and requesting that they declare if any members of their immediate family or close friends are employed by the same company.
Honesty, fairness, and equity in interpersonal, professional, and academic interactions as well as in research and scholarly pursuits are characteristics of ethical behavior. The rights, variety, and dignity of both individuals and groups of people are respected in ethical behavior.
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the advantage of using command and control to solve an externality problem is that: it is inflexible, and some problems require an inflexible approach. it is a very flexible approach. it solves the problem efficiently without the government requiring very much information. it is usually the least costly approach.
The advantage of using command and control to solve an externality problem is that it is usually the least costly approach.
This means that by implementing strict regulations and enforcing them, the government can directly address the issue without needing to gather extensive information or use a more flexible approach, which might not be as effective in solving the problem.
Command and control regulation refers to government regulations that require specific actions or prohibit specific behaviours in order to address an externality problem. While this approach can be effective in addressing the problem, it can also be inflexible and may not allow for innovation or adaptation to changing circumstances.
Additionally, command and control regulation may require significant resources for monitoring and enforcement, which can be costly for both the government and the regulated entities. In contrast, other approaches, such as market-based mechanisms like taxes or cap-and-trade systems, can provide incentives for reducing the externality while minimizing the need for costly regulation.
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(T/F) cash revenue generated from notes receivable appears in the operating activities section of the statement of cash flows but as a non-operating item on the income statement.
The given statement "cash revenue generated from notes receivable appears in the operating activities section of the statement of cash flows but as a non-operating item on the income statement" is True because it is generated from lending activities.
It is divided into three sections: operating activities, investing activities, and financing activities. Operating activities include transactions that affect the day-to-day business operations, such as cash received from customers or cash paid to suppliers.
Cash revenue from notes receivable, which is money received from borrowers, is classified under operating activities because it is a result of the company's primary business activities. Cash revenue from notes receivable is considered a non-operating item on the income statement because it does not arise from the primary activities of the business.
Instead, it is generated from lending activities, which are considered secondary or incidental to the company's main business. Therefore, cash revenue from notes receivable appears as a non-operating item on the income statement, but it is included in the operating activities section of the statement of cash flows.
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true or false: the robinson-patman act limits your ability to offer discounts to the chain supermarkets while leaving the price high for the smaller stores.
True. The Robinson-Patman Act prohibits certain types of price discrimination by prohibiting sellers from offering different prices to different purchasers of commodities of like grade and quality, if the difference in price tends to lessen competition or create a monopoly.
The Robinson-Patman Act is a U.S. federal law that was enacted in 1936 to prevent unfair price discrimination in the sale of goods to different customers. The Act is also known as the Anti-Price Discrimination Act, and it applies to companies engaged in interstate commerce.
The Act prohibits sellers from offering different prices or discounts to different customers for the same product, unless the price difference can be justified by differences in the cost of manufacture, sale, or delivery of the product.
The Act also prohibits sellers from providing services or facilities to one customer that are not offered to all customers on the same terms.
This means that sellers cannot offer lower prices to large chain supermarkets while maintaining higher prices for smaller stores.
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according to the census bureau, in october 2016, the average house price in the united states was $27,158. 6 years earlier, the average price was $21,708. what was the annual increase in the price of the average house sold?
According to the census bureau, in october 2016, the average house price in the united states was $27,158. 6 years earlier, the average price was $21,708. The annual increase in the average house price between October 2010 and October 2016 was 3.84%.
We can use the following formula to calculate the annual increase in house price:
Annual increase = ((Current price / Previous price)¹/ᵃ - 1) x 100%
where:
Current price = $27,158
Previous price = $21,708
a = years = 6
Plugging in the values, we get:
Annual increase = ((27,158 / 21,708)¹/₆ - 1) x 100%
= (1.2503¹/⁶- 1) x 100%
= (1.0384 - 1) x 100%
= 3.84%
Therefore, the annual increase in the price of the average house sold was 3.84%.
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on august 1, 20x1, the accountant for western exports downloaded the company's july 31, 20x1, bank statement from the bank's website. the balance shown on the bank statement was $28,810. the july 31, 20x1, balance in the cash account in the general ledger was $13,687. jenny iglesias, the accountant for western exports, noted the following differences between the bank's records and the company's cash account in the general ledger. an electronic funds transfer for $14,900 from defontaine equipment, a customer located in france, was received by the bank on july 31. check 1422 was correctly written and recorded for $1,200. the bank mistakenly paid the check for $1,230. the accounting records indicate that check 1425 was issued for $69 to make a purchase of supplies. however, examination of the check online showed that the actual amount of the check was for $99. a deposit of $850 made after banking hours on july 31 did not appear on the july 31 bank statement. the following checks were outstanding: check 1429 for $1,254 and check 1430 for $146. an automatic debit of $267 on july 31 from centralcomm for telephone service appeared on the bank statement but had not been recorded in the company's accounting records. required: prepare a bank reconciliation for the firm as of july 31. record general journal entries for the items on the bank reconciliation statement that must be journalized. date the entries july 31, 20x1. analyze: what effect on total expenses occurred as a result of the general journal entries recorded?
On August 1, 20x1, the accountant for Western Exports downloaded the company's July 31, 20x1, bank statement from the bank's website. The balance shown on the bank statement was $28,810.
The July 31, 20x1, balance in the cash account in the general ledger was $13,687. Jenny Iglesias, the accountant for Western Exports, noted the following differences between the bank's records and the company's cash account in the general ledger.
Bank Reconciliation for Western Exports as of July 31, 20x1:
Additions to the Book Balance:
Subtractions from the Book Balance:
Adjusted Book Balance: $25,689
General Journal Entries:
Analysis: The total expenses for the month of July increased as a result of the general journal entries recorded for the bank reconciliation. This is because several payments were incorrectly recorded or paid by the bank, leading to increased expenses for the month.
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you are going to receive $5,000 at the end of each year for four years. if the annual discount rate is 7%, what is the present value of this income stream?
The present value of this income stream is $16,119.27.
This is calculated by taking the amount of $5,000 received at the end of each year and discounting it back to the present day, taking into consideration the 7% annual discount rate.
For example, if we assume the payments are received at the end of each year, then the present value calculation would look like this:
Year 1: 5,000 / (1 + 0.07)^1 = 4,673.03
Year 2: 5,000 / (1 + 0.07)^2 = 4,367.36
Year 3: 5,000 / (1 + 0.07)^3 = 4,081.97
Year 4: 5,000 / (1 + 0.07)^4 = 3,814.82
The total present value of this income stream is then calculated as follows:
4,673.03 + 4,367.36 + 4,081.97 + 3,814.82 = $16,119.27
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providing support to the community is an example of a(n) responsibility for a small business. a. discretionary b. legal c. ethical d. economic
Providing support to the community is an example of a(n) ethical responsibility for a small business. The correct answer is option c.
What is meant by small business?A small business is a privately held organization that typically employs fewer than 500 employees. The vast majority of small businesses have fewer than 20 employees. Small businesses are crucial to the nation's economy since they generate income, employment, and growth. These businesses are often founded by entrepreneurs who seek to make their mark in the business world, provide a valuable service, or fill a niche in the marketplace.
Ethical responsibility is the obligation of a company to be ethical in its dealings with the community and the environment in which it operates. A small business has a moral responsibility to protect the environment, foster equality, provide fair labor conditions, and operate with integrity.
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