Answer:
True
Explanation:
A publicly owned corporation is a company is a company owned by shareholders. This type of company's shares is freely traded on a stock exchange
Characteristics of A publicly owned corporation
Limited liability. the liability of owners are limited to the amount investedCentral management. The company is manged by board of directors and managers and not the shareholdersthe company is a legal entity.Land was acquired in 2021 for a future building site at a cost of $41,500. The assessed valuation for tax purposes is $28,200, a qualified appraiser placed its value at $49,300, and a recent firm offer for the land was for a cash payment of $44,800. The land should be reported in the financial statements at:
Answer:
The land should be reported in the financial statements at $41,500
Explanation:
The company will report the asset value in the financial statements as their original purchase price of $40,300. Under Historical cost principle, the price of an asset on the balance sheet is always based on the original cost when the company purchased the asset. It follows the Generally Accepted Accounting Principles (GAAP) which is widely accepted. Therefore the land is reported in the financial statements at its purchase value of $41,500
Garrison Company acquired $23,000 by issuing common stock. Which of the following choices accurately reflects how this event affects the company's financial statements?
Assets = Liab. + Equity Rev. − Exp. = Net Inc. Cash Flow
A. 23,000 = NA + 23,000 NA − NA = NA 23,000 FA
B. 23,000 = NA + 23,000 23,000 − NA = 23,000 23,000 FA
C. 23,000 = 23,000 + NA 23,000 − NA = NA 23,000 FA
D. 23,000 = 23,000 + NA 23,000 − NA = 23,000 23,000 OA
a. Option A
b. Option B
c. Option C
d. Option D
Answer:
Option A is the correct answer
Explanation:
The effects of issuing common stock for cash can be represented as follows,
An increase in assets of $23000No effect on Liability or debtAn increase in equity of $23000No effect on either Revenue or ExpenditureAn increase in cash flow for $23000The issuance of common equity for cash results in an increase in cash account which is an asset account. Thus, the amount or balance of asset account increases by the amount of cash received.
The issuance of common equity also increases the capital/equity account or section of the balance sheet. Apart from this no other account is affected by this transaction and as this transaction results in a cash inflow for $23000, the net increase in cash flow is also $23000. Thus, option A is the correct answer.
McLeod Inc. is considering an investment that has an expected return of 8% and a standard deviation of 10%. What is the investment's coefficient of variation?
Answer:
the investment's coefficient of variation is 1.25.
Explanation:
The coefficient of variation relates the units of return to the units of risk. It expresses the unit of risk per 1% of return as follows :
Coefficient of Variation = Standard Deviation ÷ Return
Therefore,
Coefficient of Variation = 10 ÷ 8
= 1.25
In the Common Criteria, the common set of functional and assurance requirements for a category of vendor products deployed in a particular type of environment are known as
Answer:
protection profiles.
Explanation:
Common Criteria can be defined as an international set of guidelines and specifications which are designed and developed for the evaluation of an information security product, in order to ensure that they meet an agreed-upon and specific security standard for general use by the public. It comprises of two (2) key components: Evaluation assurance level and protection profiles.
In the Common Criteria, the common set of functional and assurance requirements for a category of vendor products deployed in a particular type of environment are known as protection profiles.
Bill wants to reach valuable, relevant audiences and engage with them quickly and often with his ads. How will creating a Display Ads campaign allow him to reach his goal?
Answer: allows him to reach over 90% of global internet users across more than three million apps and websites.
Explanation:
The options to the question are:
a. it allows him to reach over 90% of global internet users across more than three million apps and websites.
b. It allows him to identify valuable audiences and collect statistical usage data from the websites where his ad appears.
c. It allows him to select for new audiences and scale down his advertising to appear on specific websites that he chooses.
d. It allows him to isolate valuable audiences regionally and convert local sales the first time his ad is seen.
Display ad campaigns are often image, text-based, or video advertisements which allows users click-through to landing page and then take necessary action such as making a purchase.
It should be noted that using the display and campaign can help Bill reach over 90% of global internet users across more than three million apps and websites. This enable him reach a larger audience.
What key to career growth did Jeff Bezos possess that motivated him to leave a stable lucrative job and create a start-up that became Amazon
Answer: ability to take risks
Explanation:
The key to career growth that Jeff Bezos possess that motivated him to leave a stable lucrative job and create a start-up that became Amazon is the ability to take risk.
Risk is the degree of potential financial loss or uncertainty that can occur when an economic entity makes an investment decision. It should be noted that Jeff Bezos seeked higher returns which compensated for him taking an investment risk.
Oregon, there are several Italian restaurants, each offering slightly different items prepared in slightly different ways. It is likely that an Italian restaurant in Eugene, Oregon, operates
Answer:
C. monopolistically competitive market.
Explanation:
As we know that the Monopolistic competition is a market structure which refers to the market in which the various firms are related to each other in a closest manner also they sell differentiated products.
In this market, there is a freedom of free entry and exit.
So in the given scenario, since various italian restaurants offered different items so this represents that they operates in monopolistically competitive market
Hence, the correct option is c.
Resources exist in limited supply, and as a result, economics is the study of how societies make the optimal use of resources that are subject to __________.
Answer:
Scarcity, is the right answer.
Explanation:
Scarcity is the correct answer because the scarcity of resources generates the problem of choice. When the resources are limited then the people or producer makes the decision to allocate the resources efficiently. The efficient allocation of resources results in the efficient and longer use of resources. For example, petroleum is a scarce resource, if the use of petroleum will not be efficient then it will exhaust very rapidly. While, if its use will be efficient then it will be available for a longer period and many people may enjoy or consume these resources in the future.Type a message
1. The two main types of cost accounting systems for manufacturing businesses are the __________ cost system and the __________ cost system.
Answer:
The two main types of cost accounting systems for manufacturing businesses are the PROCESS cost system and the JOB ORDER cost system.
Explanation:
Accountants that use the job order cost system determine the production costs for each lot or order of products that are manufactured. it is normally used when the units produced are not standard or uniform. i.e. the company manufactures different types of products.
Accountants use the process cost system when the company manufactures standard or uniform units of production. E.g. a company that produces one type of battery for cellphones.
The article discusses the purpose of strategy is to create a "competitive advantage". What is competitive advantage?
Answer:
Competitive advantage is a factor that a business has that allows it to perform better than its competitors by delivering more value to its customers. For example, a company can have a competitive advantage as a result of its offering, customer service or cost structure.
Which of the following exemplifies the crowding-out effect? An increase in government spending: A. causes the price level to rise, reducing net exports B. is financed by borrowing, raising interest rates and causing private investment to fall C. is financed by increasing the money supply, reducing interest rates and causing net exports to fall D. causes taxes to rise automatically, reducing consumption spending
Answer: B. is financed by borrowing, raising interest rates and causing private investment to fall.
Last month, Mishika, a secretary in a large university, complained to OSHA that the air in her office made her sick. She could see green mold in the ventilation system. She had been treated for breathing problems 4 times in the past year. An OSHA inspector arrived at the plant this morning to provide which level of enforcement?
a. Imminent danger
b. Serious accident
c. Employee complaint
d. Target inspection
e. Random inspection
Answer: Employee complaint
Explanation:
From the question, we are informed that last month, Mishika, a secretary in a large university, complained to OSHA that the air in her office made her sick and that she could see green mold in the ventilation system.
We are further told that she had been treated for breathing problems 4 times in the past year. An OSHA inspector arrived at the plant this morning to provide employee complaint. This is because of Mishika's complaiint.
the activities a firm undertakes to create a certain perception of its product in the eyes of the target market are referred to as
Answer:
Positioning
Explanation:
Market positioning means the capability to develop a perception of a consumer. In this, the competitive advantage plays an important which enables the firm to become differentiate with that of the competitor with respect to the brand or product in which the firm is dealing. It is a motive to create an image of a brand
Therefore according to the given situation, the positioning is the right answer
Information gathering to be used for decision-making goes back to the earliest days of recorded history. in the united states, surveys were used in the early 1800s to determine: the popularity of saloon entertainers. the popularity of early sports teams. the popularity of regional foods. the popularity of political candidates.
Answer: the popularity of political candidates.
Explanation:
Surveys in the 1800s were used in politics as a form of opinion polls to find out who the people thought would win in an upcoming election. The earliest known survey was done in July 1824 and was meant to find out the more popular candidate between Andrew Jackson and John Quincy Adams.
That survey was won by Andrew Jackson with a majority of 70% after which he went on to win the popular vote by a very narrow percentage but didn't become president as John Quincy Adams was voted in by Congress.
Michael is a sales representative who spends a great deal of time out on the road and infrequently communicates with the rest of his sales team. He is
Answer: An Isolate
Explanation:
An Isolate is a person who is separated from others and so does not communicate with others a lot. This person most likely prefers to be alone and can do without human company or communication for extended periods.
Micheal is usually out on the road which means he is often separated from the rest of his colleagues and on top of that he infrequently communicates with them which are signs that he is an isolate.
A country wants to create a fair economy for its people. The government takes control over the country's biggest companies and puts groups of workers in charge. All citizens are encouraged to share the wealth produced in these companies equally, This situation best reflects the influence of which economic thinker? O A. Adam Smith O B. Karl Marx O C. John Maynard Keynes O D. Thomas Robert Malthus
Answer:
B). Karl Marx
Explanation:
Karl Marx is the economic thinker whose influence has been best reflected in the given situation as it talks about socialism which is the intermediate phase between capitalism and attaining full communism as per Marx. Socialism advocates collective pr governmental ownership and administration of the means of production and distribution of goods as mentioned in this situation. It is the foundation to communist society (Marx's proposed version of an ideal economy) where the people hold the ownership of distribution of resources collectively. Thus, option B is the correct answer.
Considering the amounts of paid and unpaid leave for two-parent families, how does the United States compare with other wealthy countries
Answer:
The US actually ranks at a lowest position when it comes to paid leave if we compare it against other developed nations.
Even if we include poor countries into our ranking, the US ranks at the very bottom. E.g. only a few countries in the world that are part of the UN do not have paid parental leave that includes all their citizens: the US, Surinam, and some island countries of the coast of Australia or southern Asia. Considering that the US is the only country of considerable size in the list, the other countries have populations of only a few thousands of people, it is not a good spot.
Although it is true that some states provide paid parental leave in the US like California, Massachusetts, New York, and others.
The US is actually the only developed country that doesn't provide universal parental leave for both mothers and fathers.
When it comes to unpaid parental leave, there is not much to compare with. Since all the other developed countries provide paid parental leave, no other country provides unpaid leave.
From the income statement, the corporation had a net income of $724 million for the year. Total dividends were $106 million. There were 400 million shares outstanding. How much is the earnings per share?
Answer:
the earnings per share is $1.81 .
Explanation:
Earnings per Share = Earnings Attributable to Holders of Common Stock ÷ Weighted Average Number of Common Stocks Outstanding
Therefore,
Earnings per Share = $724,000,000 ÷ 400,000,000
= $1.81
Lowell always scores his heroin at a local "shooting gallery" where he can immediately get his fix. over time, he finds he needs more heroin to feel "alright". when he shoots up at home for the first time, he overdoses on the same amount he used last time. the only difference is the location where lowell has shot up. this is an example of _____ tolerance.
Answer:
behavioral
Explanation:
Behavioral tolerance is a term in psychology often used to illustrates the drop in the effectiveness of drug usage in influencing the actual user, following a constant usage of the drug.
Hence, in this certain situation, and given that Lowell has found out that he needs more heroin to feel "alright" the correct answer is that this is an example of BEHAVIORAL tolerance.
Failure to record the adjusting entry for deferred revenue now earned causes liabilities on the balance sheet to be what
Answer:
overstated
Explanation:
Adjusting entry is a term used in the accounting process, which describes journal entries usually carried out at the end of an accounting period to assign income and expenditure to the period in which they actually happened.
However, the journal entry to identify a deferred revenue is to debit or increase cash and credit or increase a deposit or another liability account.
Hence, Failure to record the adjusting entry for deferred revenue now earned causes liabilities on the balance sheet to be what OVERSTATED
Assume that Ms. Sawyer's salary is $42,000, up from $40,000 last year, while the CPI is 157.5 this year, up from 150 last year. This means that Ms. Sawyer's real income has
Answer: stayed the same
Explanation:
The Consumer Price Index (CPI) simply measure average change in price over time based on the prices that were paid for goods and services.
If Ms. Sawyer's salary is $42,000, up from $40,000 last year, while the CPI is 157.5 this year, up from 150 last year. This means that Ms. Sawyer's real income has stayed thesame. This is because:
$42,000/157.5 = 266.67
$40,000/150 = 266.67
Since we both got thesame answers, Sawyer's real income is thesame.
Company S produces two kinds of stereos: basic and deluxe. Of the stereos produced by Company S last month, 2/3 were basic and the rest were deluxe. If it takes 7/5 as many hours to produce a deluxe stereo as it does to produce a basic stereo, then the number of hours it took to produce the deluxe stereos last month was what fraction of the total number of hours it took to produce all the stereos
Answer:
7/17
Explanation:
For easier calculation , let us represent the total number of stereo produced with a figure that can easily be divide into 3 .
Let us use 21 as the total number of stereo produced.
Basic stereo = 2/3 * 21 = 14
Deluxe stereo = (1- 2/3)*21 = 7
Now , if it takes 7/5 as many hours to produce a deluxe stereo to produce a basic stereo.
Let us assume that it took 2 hours to produce each deluxe stereo, then each basic stereo was produced in 7/5 *2 = 14/10.
Total hours used to produce basic stereo = 14 *14/10 = 19.6. approximately 20
Total hours used to produce deluxe stereo = 2*7 = 14
Total number of hours for all stereo = 20+14 = 34
fraction of delute stereo hours to total stereo hours = 14 / 34 = 7/17
Which characteristic of a corporation is a disadvantage? A. Mutual agency B. Double taxation C. Limited liability D. None are disadvantages.
Answer:
B. Double Taxation
Explanation:
A disadvantage of forming a corporation is the double taxation requirement. C corporations pay taxes on profits when corporate income is distributed to owners in the form of dividends. This is the first taxation.
What are some of the reasons that management purchases its own stock? b. Explain how earnings per share might be affected by treasury stock transactions. c. Calculate the debt to assets ratio for the current year and the prior year, and discuss the implications of the change.
Answer:
a) first of all, in order for a company to repurchase their stock they must have extra cash available that will not be used for financing either existing or future projects. Also, corporations tend to repurchase stocks when they believe that their market price is too low (or lower than their own calculations). When corporations start to repurchase stocks, generally the market price tends to increase.
b) since treasury stocks decrease the company's total outstanding stocks, the earnings per share will increase. EPS = (net income - preferred dividends) / weighted average outstanding common stocks. If the denominator decreases, then the total result should increase.
c) the information is missing, so there is no way to calculate the debt to assets ratio. But if we analyze the formula:
debt to assets ratio = total debt / total assets
when equity decreases (treasury stocks decrease equity), total assets will also decrease, but debt remains the same. Therefore, an increase in treasury stocks will result in a higher debt to assets ratio which means that the company's risk is higher than before.
"In order to recommend a variable annuity to a customer, the representative should have a reasonable basis to believe that the customer would benefit from:"
Answer:
D. I, II, III
Explanation:
For suggesting a variable annuity to a customer, the representative has the reasonable basis to trust the customer that gained from growth of the deferred tax for the separate account, the trust of receiving the income for life and the living or death benefit allowed in the contract
So here they all three give conditions should be considered as they are relevant
Due to a recent string of theft in your office, you need to harden your local system. What two actions are most appropriate for your situation? Each correct answer represents a complete solution. Choose two.
Answer:
I dont know I'm sorry
Explanation:
Because I dont get it amd I'm not smart im sorry
In determining whether the consideration requirement to form a contract has been satisfied, the consideration exchanged by the parties to the contract must be
Answer:
Legally sufficient.
Explanation:
In determining whether the consideration requirement to form a contract has been satisfied, the consideration exchanged by the parties to the contract must be legally sufficient.
Upon receiving a complaint, HUD initiates an investigation and makes a determination to bring charges or dismiss the complaint within:________
a. 180 days of the filing of the complaint.
b. 120 days of the filing of the complaint.
c. 100 days of the filing of the complaint.
d. 30 days of the filing of the complaint.
Answer:
c. 100 days of the filing of the complaint.
Explanation:
After receiving a complaint, HUD starts the investigation within 30 days of receiving the complaint and the maximum time period to investigate the complaint is 100 days i.e. HUD would dismiss the complaint within 100 days when the complaint is filed
Therefore in the given case, the option c is correct as it is mentioned the 100 days and the same is to be considered
Bill Broker prints an office policy that says he requires a security deposit of "$350 for whites and $500 for blacks" in his area, since he has records to prove that "blacks have weaker financial qualifications." Is this an acceptable policy?
Answer:
No. It is discrimination to set different deposits on the basis of race
Explanation:
Discrimination is the act of making distinction between people on the basis of race, group, or class to which they are perceived to belong.
It is unfair and prejudicial treatment of people who share a certain trait.
Examples of such traits are race, age, sexual orientation, and gender.
In the given instance Broker requires a security deposit of "$350 for whites and $500 for blacks".
This is discrimination on racial grounds
A bank reconciliation:Group of answer choicesis a formal financial statementboth A and B are correctis part of a sound internal control systemshould not be prepared by an employee who handles cash transactions
The Correct question reads;
Which of the following statements about bank reconciliations is correct?
a. Should not be prepared by an employee who handles cash transactions
b. Is part of a sound internal control system
c. Is a formal financial statement
d. Both (a) and (b) are correct
Answer:
a. Should not be prepared by an employee who handles cash transactions
Explanation:
It is only a bank that prepares a bank reconciliation statement. So, it is correct to say that a bank reconciliation statement should not be prepared by an employee who handles cash transactions.