Let the 11th employee go, or do not replace the next employee who quits.
What is economic surplus?Economic surplus refers to the respective gains that a consumer or producer gets within an economic activity and is the combined benefit, sometimes referred to as "total welfare." It can also be referred to as total surplus or community surplus as well. This economic metric is used to evaluate wellness in the markets. When a consumer scores an item for less than they'd be willing to pay, the consumer is getting a surplus. When a producer sells a good for more than the minimum price they're willing to sell at, the producer is getting a surplus. Economic surplus follows the rules of supply and demand. Businesses generally want to earn as much profits as possible without alienating customers, while consumers typically want to feel as though they're scoring a deal.When the supply and demand of consumers and producers are in good shape, the market is in what is called "equilibrium" — or allocative efficiency.
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Based on the information provided, it appears that hiring an additional employee has not increased Angela's economic surplus.
What are the potential course of action for Angela?Re-evaluate the new employee's performance: It's possible that the new employee is not performing as expected, and that is why the costs have increased while revenue has remained the same. Angela should evaluate the employee's performance and determine whether there are any areas that need improvement.Re-evaluate the business strategy: Angela should consider if the revenue increase is due to the new employee or other factors, and if the new employee is not the cause of the increase it's better for Angela to reassess her business strategy.Let the new employee go: Given that the new employee has not increased Angela's economic surplus, it may be in her best interest to let the employee go and focus on other cost-saving measures.Monitor the situation: Angela should keep an eye on her costs and revenue for the next few months to see if the situation improves. If not, then she should take further action.Additional cost-saving measures: Angela can explore other cost-saving measures such as reducing expenses, automating some tasks or looking for ways to increase revenue.In summary, Angela should re-evaluate the new employee's performance, re-evaluate her business strategy, monitor the situation, and consider other cost-saving measures. She should also consider the long-term potential benefits of hiring an additional employee and weigh them against the short-term costsTo learn more about potential course refer:
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The services that government provides would not be produced by private business firms or would be produced only for those who could afford themTRUE/FALSE
True The board of directors' weakening of Kalanick's authority. By being adaptable, creative, and quick to respond to changes in the market, this kind of culture tries to create innovative products (new drugs).
Which kind of culture is internal-focused and emphasizes control over flexibility and stability?
Internal stability and control over flexibility are valued in a hierarchy culture. Flexibility is valued and an external focus is present in an adhocracy culture.
When chiefs and representatives inside a similar division are united in cross practical?
At the point when chiefs and representatives inside a similar division are united in cross-practical groups to take care of specific issues, their organization is utilizing a group based plan. As per Chester I. Barnard, an association is comprised of something like one individual who endeavors day to day to accomplish the association's objectives.
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Suppose you have a real dislike for crickets, and yet the only job you can find is as a cricket breeder for PETCO. You are likely to experience ______ (Turnover, Cognitive Dissonance, Organizational Commitment, Positive Affectivity) that can be resolved by which of the following? Check all that apply.
a. Decide that working with crickets isn't as bad as you thought it would be.
b. Learn more about the beneficial qualities of crickets and how they are considered to be good luck in many cultures.
c. Quit your job to open a bait shop selling crickets and worms.
d. Convince PETCO that mealworms are a much better pet food than crickets and start breeding those instead.
The individual is likely to experience cognitive dissonance and this can be resolved by options a and b, and d.
Cognitive dissonance is the psychological discomfort that arises when an individual holds two or more contradictory beliefs, attitudes, or values.
This can be resolved by several options:
a. Decide that working with crickets isn't as bad as you thought it would be. b. Learn more about the beneficial qualities of crickets and how they are considered to be good luck in many cultures.
d. Convince PETCO that mealworms are a much better pet food than crickets and start breeding those instead.
These options help to reduce cognitive dissonance by changing or adapting the belief or attitude towards crickets.
Option c. Quitting the job to open a bait shop selling crickets and worms is not a good option in this scenario as it does not address the underlying issue of cognitive dissonance.
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Elasticity and hotel rooms. If average household increases by 20% from 50000 to 60000 per year the quantity of rooms demaned at the rivers motel
Answer:
The theory of elasticity of demand is based on the concept of marginal utility, which is the additional satisfaction or benefit that a consumer derives from consuming one more unit of a good or service. When the marginal utility of a good or service is high, the demand for it is considered to be elastic, meaning that small changes in price or income can lead to large changes in the quantity demanded. Conversely, when the marginal utility of a good or service is low, the demand for it is considered to be inelastic, meaning that large changes in price or income are required to lead to small changes in the quantity demanded.
In the case of hotel rooms, the elasticity of demand can be influenced by a variety of factors, including the location of the hotel, the quality of the rooms, and the availability of alternative accommodations. For example, a luxury hotel located in a popular tourist destination may have a relatively inelastic demand, as the high quality and unique location of the hotel makes it difficult for consumers to find substitutes. On the other hand, a budget hotel located in a less popular area may have a relatively elastic demand, as there are many alternative accommodations available at similar prices.
Additionally, it would be important to consider the cross-price elasticity of demand, which measures the responsiveness of demand for a good or service to changes in the prices of related goods or services. In this case, if the prices of other hotels in the area went up, the Rivers Motel could see an increase in demand for its rooms.
Furthermore, the income elasticity of demand, which measures the responsiveness of demand for a good or service to changes in consumer income, would also play a role. In this case, if the average household income increases by 20% from $50,000 to $60,000 per year, it is likely that the quantity of rooms demanded at the Rivers Motel would also increase, as people have more disposable income to spend on luxury goods and services such as hotel rooms.
Clean is a corporation licensed in Maryland. Clean plans to hire George Tacy as an agent for recruitment and hiring computer/IT employees and seeks your advice. You all recognize the importance of having a clearly defined agency agreement, and there are different types of agents.
1. Analyze and recommend whether Tacy should be an employee of Clean or an independent contractor? Explain why.
When determining whether to classify an individual as an employee or an independent contractor, it is important to consider the level of control that the company (in this case, Clean) has over the individual's work.
If Clean plans to have a high level of control over Tacy's work, including setting specific hours, providing training and supervision, and dictating the methods used to perform the work, it would be appropriate to classify Tacy as an employee. This would provide Clean with the ability to ensure that Tacy is performing their work in accordance with company policies and procedures, and would also make Clean responsible for withholding taxes and providing benefits.
What is the recruitment about?On the other hand, if Clean plans to provide Tacy with a high degree of autonomy, such as setting their own schedule and determining their own methods for recruiting and hiring computer/IT employees, it would be more appropriate to classify Tacy as an independent contractor. This would provide Clean with less control over Tacy's work, but would also shift the responsibility for taxes and benefits to Tacy.
In conclusion, before hiring Tacy, it is essential for Clean to carefully analyze the level of control it wants to have over Tacy's work, and on that basis, classify Tacy as an employee or an independent contractor.
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nder the Uniform Securities Act, which of the following would be considered a solicited transaction?
A. A new customer calling an agent for the first time with directions to place a buy order for a specific security
B. An existing customer placing an order to buy a security after receiving a preliminary prospectus about the issue from the broker-dealer
C. An existing customer calling an agent with directions to place a buy order for a specific security that has not been recommended by that firm
D. An existing customer placing an order to buy a security from the broker-dealer after seeing a tombstone advertisement for the issue in the newspaper
An existing customer placing an order to purchase a security after receiving a preliminary prospectus on the issue from the broker-dealer is regarded as engaging in a solicited transaction under the Uniform Securities Act.
The Uniform Securities Act serves as a model for states creating their own securities laws. Due to earlier restrictions not being adopted uniformly across the nation, the legislation underwent a number of revisions. Some jurisdictions didn't adopt every securities law that the Uniform Law Commissioners proposed. The Uniform Securities Act increased parity between the federal and state implementation of securities protections through later updates and replacements of earlier legislation.
The possibility of redundancy is one of the problems of regulating securities at two separate levels of government. The jurisdiction and responsibilities of state and federal authorities in addressing securities fraud are outlined in the Uniform Securities Act.
For instance, pyramid schemes and other scams are used frequently at the local level to commit fraud. This means that to address such offences, state law enforcement is required.
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Select from below the attributes of a business combination accomplished through acquisition of variable interests in another entity.-Majority voting stock ownership is not a necessary condition for control over a variable interest entity.-The variable interest entity remains in existence as a separate legal entity--often a trust or partnership.-Current GAAP requires the consolidation of financial statement for a primary beneficiary and its variable interest entities.
A principal beneficiary's financial statements and those of its variable interest companies must be consolidated under current GAAP.
What is the most accurate way to define business?An organization or entrepreneurial entity engaging in commercial, manufacturing, or process improvement is referred to as a business. Businesses can also be for-profit corporations or charitable institutions. Limited liability firms, private businesses, corporations, and partnerships are among the several forms of businesses.
- Majority voting investment income is not a requirement for ownership over an interest rate business; instead, the floating rate entity continues to operate as an independent legal entity, frequently a trust or a partnership.
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When a company advertises its product in hopes that it will entice consumers to buy the product, the ______ element of the marketing mix is being used.
When a company advertises its product in hopes that it will entice consumers to buy the product, the promotion element of the marketing mix is being used. Thus, the correct word to fulfill the statement is promotion.
Promotions generally described as the entire set of activities, which communicate the brand, product, or service to the user. The function of promotion is to make people attract, aware, and induce to buy the product or brand.
There are several types of promotions:
AdvertisingSales promotionDigital sellingPublic relationEach of these type of promotions has their own role in generating revenue for a company.
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A company reports the following in its balance sheet:
Total assets of $800,000 and total liabilities of $700,000. Which of the following is true? a. Net income equals $100,000.
b. Total expenses equal $1,500,000.
c. Total revenues equal $1,500,000.
d. Total stockholders’ equity equals $100,000.
Total stockholder's equity equals $100,000. (800000-700000=100000)
What is a balance sheet?Whether it's a single proprietorship, a commercial partnership, a corporation, a private limited company, or another organization like the government or a not-for-profit institution, a balance sheet is a statement of the balances of a person or organization. As of a particular date, such as the conclusion of its financial year, assets, liabilities, and possesses the ability is listed. It's common to refer to a balance sheet as a "picture of a company's finances. The cash flow is the only of the four fundamental financial statements that only apply at one particular period in a company's fiscal year.
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which of the following statements about biology is most accurate? which of the following statements about biology is most accurate? asking questions about the living world and seeking answers through scientific inquiry are the central activities of biology. biologists do not attempt to answer questions about life's diversity and complexity. biology is the scientific study of plants. biological inquiry is a cataloguing of all the processes and prope
All the functions and characteristics of life on Earth are enumerated by biological study.
What is meant by biological inquiry?Instead of just cataloguing the functions and characteristics of life, biological inquiry use the scientific method to pose questions. You are thinking like a biologist when you have questions when you observe the natural world.Biology inquiry permits us to become carefully and methodically familiar with the living things around us. Science-based facts must be understood in order to comprehend these processes of inquiry. The method of science or the scientific approach allows for the systematic and ordered arrangement of information. The ability to use scientific research to think creatively about issues that have a biological component, to communicate these ideas to others, and to incorporate these concepts into decision-making is known as biological literacy.To learn more about biological inquiry, refer to:
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refer to the tables below, which show, respectively, the willingness to pay and the willingness to accept of buyers and sellers of individual bags of oranges. for the following questions, assume that the equilibrium price and quantity depend on the following changes in supply and demand. also assume that the only market participants are those listed by name in the two tables. in addition, assume that each seller is only able to sell one bag of oranges and each buyer is only able to buy one bag of oranges during the period represented by the data in the tables. further, assume that the equilibrium price is known to all participants in the market. 13
Based on the information provided, the following is correct: Equilibrium quantity = 6 bags of oranges. Quantity supplied = 0 bags of oranges.
What is an equilibrium price?
At an equilibrium price, price and quantity forces remain balanced. Unless certain supply and demand factors change, prices will tend to return to this equilibrium. The equilibrium price may alter if demand, supply, or perhaps both shift or change. The equilibrium price (EP) seems to be the price at which the supply and demand for a product or service are balanced.
When the price is $8, the quantity supplied at equilibrium is determined by the number of producers ready to supply at or below the equilibrium price.
In this situation, all producers will willing to supply at $8 or less, so that the equilibrium quantity will indeed be 6 bags.
Quantity provided if it was for the public good:
Buyers are unwilling to pay any price for public products because they expect them to be provided for free.
As a result, private vendors will refuse to supply anymore goods since they will not get paid for them.
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assuming that a family wants to make a $1290 monthly payment, give the mortgage that a family could afford at an annual interest rate 4.25% for a 15-year mortgage.
The family's capacity to pay the mortgage is $2,934.75.
What does the term "mortgage" mean?When you and a lender enter into a mortgage, the lender is granted the power to seize your property if you are unable to pay back the loan amount plus interest. To purchase a property or borrow money against the value of a home you currently own, you can use a mortgage loan.
With the aid of calculations, please explain?Interest accrued over the course of 30 years equals I = 0.0425 x $1290 x 30 = $1,644.75
Total amount due is $1290 plus $1,644.75 for a total of $2,934.75
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Linda and Chris are purchasing their first home. Which of the following charges will appear as a debit to them on the settlement statement?
As Linda and Chris are purchasing their first home, the charges that will appear as a debit to them on the settlement statement is real estate and agent sales commission.
What does settlement statement mean in contract?A settlement statement is a document that summarizes the terms and conditions of a settlement agreement reached between two or more parties. A settlement statement, which is commonly used for loan agreements, details the terms and conditions of the loan as well as all costs owed by or credits due to the buyer or seller.
It also specifies any fees that a borrower must pay in addition to the interest on a loan. Settlement statement documentation requirements vary depending on the type of loan. Mortgage loan settlement statements, which are used in real estate transactions, are also known as closing statements.
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place the steps you would use to determine your person-organization fit prior to a job interview in order, with the first step at the top. instructions choice 1 of 3. create a list of your personal values, strengths, and weaknesses. toggle button create a list of your personal values, strengths, and weaknesses. choice 2 of 3. compare your values, strengths, and weaknesses to those of the organization, and prepare questions to ask a potential interviewer regarding p-o fit. toggle button compare your values, strengths, and weaknesses to those of the organization, and prepare questions to ask a potential interviewer regarding p-o fit. choice 3 of 3. create a list of the organization's values, strengths, and weaknesses. toggle button create a list of the organization's values, strengths, and weaknesses. Choice 3 of 3. Compare your values, strengths, and weaknesses to those of the organization, and prepare questions to ask a potential interviewer regarding P-O fit toggle button
Prior to researching the organization's culture, values, mission, and goals, it is crucial to understand your own values, strengths, and limitations. You should also strive to learn as much as you can about the team you might be working with.
What is a P-O fit?A person's compatibility or alignment with the values, beliefs, and personality of the organisation they work for is referred to as having a good person-organization fit (P-O fit). It refers to how closely a person's ideals, outlook, and personality mesh with the norms, culture, and organisational standards of the organisation. A high P-O fit is thought to result in greater job satisfaction, loyalty, and performance, whereas a bad P-O fit can result in unhappiness, turnover, and subpar performance. The idea of P-O fit is crucial for both the company and the individual because it aids in finding employees who fit well with an organization's culture and values and helps people choose companies where they will likely be successful and happy.
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the term blank indicates the characteristics of human populations and segments, especially those used to identify consumer markets.
When used to identify consumer markets, demographic indicators are especially useful since they explain the features of human populations and population groups.
What are the characteristics of consumer market?Demographic, regional, psychographic, and behavioristic factors can be used to categorize consumer market characteristics. Age, religion, gender, country, and ethnicity are examples of demographic traits. Region, population density, and market size are examples of geographic characteristics.
What are customer demographics?For business objectives like marketing and product design, customer demographics are groups of consumer populations that can be beneficial. In a corporate setting, the phrase also refers to the study of these categories. Consumers and potential customers can be divided into a plethora of categories using a variety of factors.
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TRUE OR FALSE a marketer's only concern is how best to create demand for a new product produced by his/her company. marketing has little value for society as a whole.
A marketer's only concern is how best to create demand for a new product produced by his/her company. marketing has little value for society as a whole.
The statement is false
No firm can undercut the importance of a marketing department. After all, it is one of the most crucial components of any company's success. The function of a marketing department can be divided into the following categories depending on what the business performs.Establishing the brandThe focus of this is raising awareness of the brand, as well as its mission, vision, values, etc.Today's digital marketing channels are setting the standard and assisting in the success of many brandsIn today's fast-paced environment, marketing is the catalyst for brand growth.To know more about marketing here
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an increase in which of the following is most likely to increase the long-run growth rate of an economy's real per capita income
The correct option C. The educational attainment of the population, is most likely to accelerate the rate of long-term growth of real per capita income in a country.
Define the term real per capita income?The mean income calculated for each man, woman, as well as child in a given group, including those residing in communal housing, is known as per capita income.
It is calculated by dividing the total income of a group by the sum of the people within that group. The closest whole dollar amount is used to round this measurement.Overall economic growth of a country per person is measured by its GDP per capita. The economic expansion per person in a country is used to gauge its level of affluence. The sum of money made per person in a country is measured by per capita income.The Latin phrase "per capita" means "by head." In statistics, the term "per capita" is sometimes used in replacement of "per person" to denote the average per person.Thus, a rate of long-term growth in real per capita income in a nation is most likely to be accelerated by the population's level of education.
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the complete questio is-
4. An increase in which of the following is most likely to increase the long-run growth rate of an economy's real per capita income?
A. Population growth
B. The proportion of gross domestic product consumed
C. The educational attainment of the population
D. The supply of money in circulation
E. Personal income taxes
item9 item 9 a company purchased $120,000 of 6% bonds on may 1 at par value. the bonds pay interest on march 1 and september 1. the amount of interest accrued on december 31 (the company's year-end) would be:
On May 1, a business paid par value for $120,000 worth of 6% bonds. On March 1 and September 1, the bonds pay interest.
What do you meant by bond ?On May 1, a business paid par value for $120,000 worth of 6% bonds. On March 1 and September 1, the bonds pay interest. the amount of interest that was accumulated as of December 31 (the company's year end).Identical to an IOU, a bond is a debt security. To raise funds from investors prepared to extend them a loan for a specific period of time, borrowers issue bonds. You are lending money to the issuer of a bond when you purchase one, which could be a corporate, government, or municipality.When they need to raise money, businesses and governments issue bonds. By purchasing a bond, you are effectively making a loan to the issuer, who then agrees to repay you on a set date for the face amount of the loan.To learn more about bond refer to :
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The amount of interest accrued on December 31 (the company's year-end) would be $3600. This is calculated by taking the par value of the bond ($120,000) multiplied by the interest rate (6%) multiplied by the fraction of the year that has elapsed (6/12). Thus, $120,000 x 6% x (6/12) = $3600.
What is the maturity date of the bonds?The maturity date of the bonds is the date on which the bond issuer must pay back the principal amount of the bond to the bondholder. The maturity date is usually specified at the time of issuance and may be anywhere from one year to 30 years or more, depending on the terms of the bond. Generally, bonds with longer maturities tend to have higher yields than short-term bonds, as the issuer must compensate the bondholder for the extra time they are holding the bond. The exact maturity date of any given bond will be specified in the bond agreement, and investors should make sure to understand when their bonds will mature before investing.To learn more about interest accrued refer to:
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choose a company with which you are familiar that manufactures a product. in this activity, you will be making reasonable assumptions about the activities involved in value chain for this product; companies do not typically publish information about their value chains.
A value chain is a business model that outlines every process that a company uses to produce a good or service.
What are a value chain's five main tasks?Five primary activities — inbound operations, operations, outbound logistics, marketing and sales, and service — and four secondary activities — procurement and purchasing, human resource management, technological development, and organisational infrastructure — make up the value chain framework.technological progress This is employed throughout the research and development phase of an organisation, and it includes procedures like creating manufacturing techniques and automating procedures.Inbound logistics, operation outbound logistics, marketing and sales, and service are the main operations in the value chain. Infrastructure management, human resource management, and purchasing are examples of secondary or support tasks.To learn more about value chain refer to:
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if the company now purchases office equipment on account for $20,000, the accounting equation will change to: select one: a. assets liabilities stockholders' equity $260,000
The accounting equation will alter to one of the following if the business now makes a $20,000 account-based purchase of office supplies. a. Resources...
Does accounting require math?
The accounting equation will alter to one of the following if the business now makes a $20,000 account-based purchase of office supplies. a. Resources... Algebra and statistics courses are compulsory of all accounting students during their first two years of study. College algebra, elementary statistics, and business statistics are frequently taught in these mathematics courses. The number of new math classes a student encounters as they progress through their major will increase. You already possess the strong math and analytical abilities that accountants need. In order to solve difficulties, accountants frequently use a combination of quantitative analysis, corporate strategy, legal concerns, and economic factors.
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Going out for dinner at your favorite restaurant as a reward for finishing a big project is an example of a:a) consumable reinforcer.b) social reinforcer.c) manipulative reinforcer.d) possessional reinforcer.
Going out for dinner at your favorite restaurant as a reward for finishing a big project is an example of a consumable reinforcer. social reinforcer.
What is called a restaurant?
A restaurant is a location where you can consume food while paying for it. In restaurants, a waiter or waitress will often bring your food to your table. In Forth Street, they had dinner at an Italian restaurant. In the hotel's restaurant, we had dinner. When referring to a cafe or restaurant, use the phrase eatery. After watching a movie, you might get a burger at a fantastic nearby restaurant. An eatery is a venue where prepared food can be purchased and consumed. A Chinese restaurant is one type of restaurant, whereas a diner is another.
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item 20 if you want to ask dog experts on the internet about their experiences with electronic fences, your best strategy is to post a query via
It is recommended to post a question in a discussion forum if you want to ask dog experts about their experiences with electronic fences on the internet.
What are Discussion forums?The earliest type of social media platform may have been discussion forums. Early Internet users may remember newsgroups or special interest groups (SIGs) that were hosted on the first websites and systems connected to the Internet. The initial concentration of these communities was on technical subjects, but as time went on, they grew to include nearly any subject that would be of interest. As a result of their tightly concentrated content and emphasis on free discussion, discussion forums are particularly beneficial from a social analytic perspective. The data, although often unstructured, comprises a variety of social data types that can be used to improve organisational decision-making processes.
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which of the following statements more accurately describes the treasurer than the controller? note: you may select more than one answer. single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. any boxes left with a question mark will be automatically graded as incorrect. check all that apply monitors capital expenditures to make sure that they are not misappropriated responsible for investing the firm's spare cash responsible for arranging any issue of common stock responsible for the company's tax affairs
Controller roles is to check and monitors the expenditures as per budget and make sure that cash are not misappropriated.
Who is a Treasurer?
The person in charge of an organization's treasury is called the treasurer. Cash and liquidity management, risk management, and corporate finance are among the important basic responsibilities of a corporate treasurer.
The division in charge of a nation's finances, economy, and revenue is known as the treasury. Although in some nations (like the United Kingdom or the United States), the treasury reports to a Secretary of the Treasury or Chancellor of the Exchequer, the treasurer is typically the organization's top official.
The Treasurer is in charge of the corporate treasury division of corporations. They are often in charge of managing liquidity risk, cash flow, issuing debt, hedging interest rate and foreign exchange risk, securitization, overseeing pension investment management, and capital structure.
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for each of the following scenarios identify the correct term. suppose you are a freshman in college and you have not declared a major. one reason you enrolled at your respective college was the school's vibrant social life. at the same time, you want to balance your academic life because you know that your grades will matter for graduate school or job applications. you decide to forgo partying for two hours to study for an upcoming economics exam. a. To make that decision you weighed your equity. Yc specialization. market failure. r su ca dy opportunity cost(s). on equilibrium. efficiency You start a part-time job as a package handler at a large delivery company. After training, you start your first shift and your supervisor tells you to unload packages from a single truck. Unfortunately, he tells 5 other people to do the same which causes most of you to stand around and wait for your co-workers to get out of the way. There are several other trucks already on the dock waiting to be unloaded.
The scenarios identify the correct terms are (1) opportunity cost (2) efficiency (3) incentive (4) specialization.
What is an incentive?Anything that induces a person to change their behavior is considered an incentive. The fundamental rule of economics and the rules of behavior emphasize the importance of incentives, which suggest that more incentives result in greater levels of effort and, thus, higher levels of performance. The rewards and advantages that are utilized as incentives are those that encourage your personnel to act in a productive manner. They can take many different forms, such as increased vacation time, tuition reimbursement, and greater work-life balance. An object, valuable item, desired activity, or event is referred to as a "incentive" if it encourages an employee to carry out more of the desired action or event that the employer wants.Employee motivation and job satisfaction can both be increased by implementing incentive compensation programs.To learn more about incentive refer to:
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ken young and kim sherwood organized reader direct as a corporation; each contributed $49,000 cash to start the business and received 4,000 shares of stock. the store completed its first year of operations on december 31, 2020. on that date, the following financial items for the year were determined: cash on hand and in the bank, $44,500; amounts due from customers from sales of books, $27,900; equipment, $48,000; amounts owed to publishers for books purchased, $8,400; one-year notes payable to a local bank for $4,350. no dividends were declared or paid to the stockholders during the year.
As a result of the liabilities amounting to just over $12,750 while the equity amounting to just over 111,550, the firm of Ken Young and Kim Sherwood is more heavily funded by equity than by creditors.
The balance sheet is a crucial tool for executives, investors, analysts, and regulators to understand the current financial state of a company. It is frequently used in conjunction with the other two types of financial statements, the income statement and the cash flow statement. The balance sheet can help consumers determine the company's net worth, whether it has sufficient cash and short-term assets to cover its debts, and whether it is much more indebted than its rivals.
Balance sheet
Dec. 31, 2020
Cash: $44,500
Accounts receivable: $27,900
Equipment: $48,000
total assets = $120,400
Liabilities
Accounts payable: $8,400
note payable: $4,350
= $12,750
Stockholders equity
common stock: $98,000
retained earnings: 13,550
total stockholders equity: $111,550
total liabilities and stockholders equity: $120,400
ERE=BRE+NI-Div
13550=0+?-0
= $13,550
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consider the circular flow model to answer the questions that follow. a. in the circular flow model, households provide inputs to firms through the
In the circular flow model, households provide inputs to the firms through the market for factors of production/resource market and in exchange receive money/income from firms.
What is The circular flow model ?
The circular flow model shows how money circulates in an infinite cycle between producers, families, and so on.
In a market economy, money flows from producers to workers as wages and then back to producers when workers spend their earnings on goods and services.
What are the circular flow diagram's four basic components?
A circular flow diagram in economics is a visual representation of how an economy is structured using a straightforward economic model. The markets for the factors of production, the markets for goods and services, households, firms, and firms are all shown in this diagram.
With revenue flowing in one direction and expenditures on resources, products, and services flowing in the other, the circular flow diagram can be used to depict GDP.
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according to the principle that one person's spending is another person's income, an increase in wealth based on stock market values can: please choose the correct answer from the following choices, and then select the submit answer button. answer choices increase spending on goods and services, but not affect incomes. increase spending on goods and services, and thereby increase incomes. decrease spending on goods and services, and thereby increase incomes. increase spending on goods and services, and thereby lower incomes.
As per the principle that one person's spending is another person's income, stock market values can decrease spending on goods and services and thereby lower incomes.
The multiplier effect is the idea that one person's spending is another person's income. According to this statement, when a person or business raises their spending, it results in an increase in income for the recipients of that expenditure. These recipients then spend some of their increased income, which results in additional income increases, etc.
A decline in stock market prices can result in a drop in personal wealth, which can result in less money being spent on products and services. This can subsequently result in lower incomes for people whose lives depend on consumer spending, such as staff members of companies that experience a decline in sales. This is one of the reasons why changes in the stock market can have an impact on the entire economy.
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question mode multiple choice question jackson's catering company provided cookies worth $3,000 to the local college. the college paid immediately. record this transaction in jackson's accounting equation by:
Record this transaction in Jackson's accounting equation by increasing cash, increasing revenues.
What is transaction?
A financial transaction is an agreement or communication made between a buyer and a seller to trade goods, services, or assets in return for cash. Any transaction alters the financial situation of two or more entities or parties.
An agreement to exchange commodities, services, or financial assets for money between a buyer and a seller is referred to as a completed transaction.
An accounting record entry for a transaction is a business event that affects the financial statements of an entity financially.
These are some instances of transactions: to compensate a supplier for products or services received. The agreement between a buyer and a seller is referred to as a transaction.
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Thus the complete question is:
Jackson's Catering Company provided cookies worth $3,000 to the local college. The college paid immediately. Record this transaction in Jackson's accounting equation.
When deciding to conduct business in other countries, Jim Fitterling mentions which of the following?
When deciding to conduct business in other countries, Jim Fitterling mentions the stability in the country as well as currency risks
Who is Jim Fitterling?
He is known as an American business executive, currently serving as Chairman and CEO of Dow Inc., serving as Vice President of the National Association of Manufacturers, and on the boards of directors of the American Chemistry Council and the US-China Business Council.
He has been highly influential in the business world, being a keynote speaker at the Manufacturing Leadership Summit and speaking at the IHS World Petrochemical Conference in Houston, Texas. At the same time; He has been awarded by Alumni of the College of Engineering of the Mizzou Alumni Association.
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question which of the following economic systems primarily relies on prices for allocating resources and goods?
Market economy system primarily relies on prices for allocating resources and goods.
The economic system that primarily relies on prices for allocating resources and goods is a market economy. In a market economy, resources, goods, and services are allocated based on the price of the goods and services as determined by supply and demand. Prices are determined through a process of bargaining and negotiation between buyers and sellers, with the market price reflecting the balance between the forces of supply and demand. Prices are used to allocate resources and goods to those willing and able to pay the highest price. This type of economy allows for competition, innovation, and efficiency, while providing incentives for producers to produce goods that are desired by consumers. A market economy is an economic system in which people, instead of the state, hold the majority of the resources.
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FILL IN THE BLANK issuing 1,000 shares of 5%, $100 par value, cumulative preferred stock for $100 cash per share affects the accounting equation by __________
Issuing 1,000 shares of 5%, $100 par value, cumulative preferred stock for $100 cash per share affects the accounting equation by increasing total assets.
Both the issuance of new shares of stock and an increase in retained earnings cause the book equity of a company to rise, which in turn raises total assets. The issuing of debt increases a company's liabilities, which in turn raises the firm's total assets. Simply divide this year's total assets by last year's total assets to determine the precise change. Total assets increased if the outcome was positive. If the outcome is bad, total assets decreased. accounting for assets, expenses, and losses gain value as a result of debits. The value of the liability, equity, revenue, and gain accounts is increased by credits.
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