Explain the following terms. a. Pre-acquisition retained profits b. Post-acquisition retained profits c. Goodwill d. Bargain purchases e. Minority interest

a) Prices do not appear to be the same in the four markets. The given boxplots show that there is a significant difference in the prices of pizza slices between markets. Based on the plots, prices appear to be both lower on average and more variable in city A.

Prices appear to be both higher on average and more variable in city D, whereas prices seem to be both lower on average and less variable in city C.b) The presence of outliers affects the overall conclusions. Since outliers have a strong effect on the spread of the data and the variability of the prices, their presence makes it difficult to draw accurate conclusions about the data. Although they do not affect the median of the data, they can significantly influence the mean and standard deviation. As a result, the outliers must be removed to obtain a more accurate analysis of the data. Removing the outliers, in this case, would help to create a more precise analysis of the prices of pizza slices in each market. Therefore, the presence of outliers in this case affects the overall conclusions.

To know more about boxplots visit:

https://brainly.com/question/30469695

#SPJ11

Valuation is the process of assigning a value or worth to something, such as an asset or company. It involves analyzing various factors and using different valuation methods to determine the fair value.

Valuation: Assessing the worth of something.

Mental ability: Cognitive skills and intelligence.

Emotional intelligence: Understanding and managing emotions.

Linguistic ability: Proficiency in language skills.

Interpreting others: Understanding others' intentions and emotions.

Helping someone else become less upset: Providing support and comfort.

Trying again if you fail: Demonstrating perseverance and resilience.

Controlling your impulses: Managing impulsive behaviors.

Tests: Assessments measuring knowledge and abilities.

To know more about Valuation

https://brainly.com/question/30324334

#SPJ11

If the Fed eliminates reserve requirements, the money multiplier increases to an unknown value. When the excess reserve ratio increases to 1.80, the money multiplier decreases to 0.85.

In the given scenario, the initial conditions are:

c = currency-deposit ratio = 0.20

rr = required reserve ratio = 0.10

er = excess-reserve-deposit ratio = 0.90

Money multiplier = 1/rr = 1/0.10 = 10

When the Fed eliminates reserve requirements, the required reserve ratio becomes zero, which means banks are not required to hold any reserves. In this case, the money multiplier changes to an unknown value, as it depends on the behavior of banks and the public regarding their deposits and currency holdings.

However, if after the elimination of reserve requirements, the excess reserve ratio increases to er = 1.80, the money multiplier changes to 1/(rr + er) = 1/(0.10 + 1.80) = 1/1.90 = 0.5263. This means that for every unit of reserves held by the banks, the money supply will increase by approximately 0.5263 units.

The increase in the excess reserve ratio indicates that banks are holding a larger proportion of reserves compared to deposits. This reduces the money multiplier, as a higher ratio of excess reserves implies a lower lending capacity of banks, resulting in a lower money supply multiplier.

learn more about Banks here: brainly.com/question/7275286

#SPJ11

The earned value (EV/BCWP) for accounts 03110, 03210, and 03310 are as follows: 03110 Formwork: $1,600, 03210 Rebar: $900, and 03310 Place & Finish: $0.

The earned value (EV/BCWP) represents the budgeted cost of work performed. It indicates the value of the work that has been completed according to the project plan. In the given scenario, the earned value for account 03110, which is Formwork, is $1,600. This means that the completed work for Formwork is valued at $1,600.

Similarly, the earned value for account 03210, which is Rebar, is $900. This represents the value of the completed work for Rebar.

However, the earned value for account 03310, which is Place & Finish, is $0. This suggests that no work has been completed or earned for this account at the given point in time.

The earned value provides insights into the progress of the project, comparing the actual work completed against the planned budgeted work. It helps project managers assess performance and determine if the project is on track, over budget, or under budget.

Learn more about earned value here:

https://brainly.com/question/14897235

#SPJ11

The supplies expense for August is $83,400, calculated as the sum of supplies at the beginning of the month, supplies purchased, minus the supplies on hand at the end of August.

To determine the supplies expense for August, we need to calculate the change in supplies account balance.

Supplies at the beginning of August = $81,240

Supplies purchased in August = $3,760

Supplies on hand as of August 31 = $1,600

Supplies used during August can be calculated as:

Supplies used = Supplies at the beginning + Supplies purchased - Supplies on hand

Supplies used = $81,240 + $3,760 - $1,600

Supplies used = $83,400

Therefore, the supplies expense for August is $83,400.

Learn more about expense

brainly.com/question/30659071

#SPJ11

The statement that is not the correct classification of accounting theory is inductive approach theory. For that reason, the correct option is A.

The (option A) inductive approach Theory applies this principle to accounting to gain a better understanding of it. However, the statement that is not the correct classification of accounting theory.

Inductive reasoning, according to this theory, is one of the two main ways to make generalizations. Inductive reasoning is a type of logical thinking that involves creating a general principle based on particular observations.

Accounting theory is a set of basic premises, definitions, concepts, and propositions that explain and direct accounting practice. It provides a framework for determining the "what," "why," and "how" of financial accounting, accounting standards, and other similar accounting topics.

Moreover, it aids in the comprehension of accounting as a dynamic and developing discipline. There are numerous types of accounting theories that are classified based on the principles used and other factors.

Learn more about accounting theory: https://brainly.com/question/32701051

#SPJ11

In conclusion, the Saudi youth is becoming increasingly conscious about their overall health and well-being, and this is reflected in their interest in sports activities. Padel 101 offers them a space where they can participate in a fun and healthy sport while socializing with their peers.

Padel 101 is a sports activity center that has become quite popular among European players, and it has made its way to the Saudi audience. The target audience for this game is quite diverse, with a wide range in the market. According to recent statistics, padel attracts players between the ages of 25-50, with the majority being females. However, upon one quick visit to Padel 101, the majority of players were younger than the age range above, and equal participation from both genders was observed. The Saudi youth are taking an interest in sports activities, as part of an overall healthier lifestyle. Padel 101 has created a space where people can exercise in a fun way, while also being able to socialize. This has resulted in an audience made up of mostly teenagers and young adults, who are looking for healthy activities to participate in. Gaining its popularity amongst European players with over 20,000 paddle courts, the game has made its way to the Saudi audience. While there is a wide range of audience in the market, recent statistics show that padel mainly attracts players between the ages of 25-50, with the majority being female players. However, the observation made after one quick visit to Padel 101 revealed that the majority of players were younger than the above-mentioned age range, and both genders had equal participation. It is, therefore, clear that the Saudi youth are taking an interest in sports activities, as part of an overall healthier lifestyle. With Padel 101, they can enjoy exercising while socializing with their peers. As a result, Padel 101 has created an audience mostly made up of teenagers and young adults looking for healthy activities to participate in.

to know more about gaming visit:

https://brainly.com/question/15161167

#SPJ11

Main idea: Min Jin Lee's lifetime of reading has shaped her ability to effectively write about her immigrant world.

Thesis: The thesis of the reading is that Min Jin Lee's lifelong dedication to reading has played a crucial role in shaping her skills as a writer and enabling her to authentically portray the immigrant experience in her works.

Good quote: "Reading taught me how to write about my immigrant world." This quote emphasizes the direct connection between Min Jin Lee's reading habits and her ability to effectively write about her experiences as an immigrant

Min Jin Lee's essay highlights the profound impact that her extensive reading has had on her writing about the immigrant experience. By immersing herself in literature, she has gained a deep understanding of storytelling techniques, character development, and narrative structure.

This extensive reading has allowed her to explore and depict the complexities and nuances of the immigrant world in a compelling and authentic manner. Through her own experiences as an immigrant and her engagement with literary works, she has honed her writing skills and developed a unique voice that resonates with readers.

Lee's thesis emphasizes the invaluable role of reading in shaping her ability to effectively convey the immigrant experience through her writing.

Learn more about: Min Jin Lee's

brainly.com/question/32634058

#SPJ11

Pharoah Trading Post, starting from July 1, had an inventory of 43 units at $22, amounting to $946. On July 7th, the company purchased 151 units at $23, totaling $3,473.

On July 22nd, they purchased 22 units at $24, for a total of $528. Therefore, the total cost of goods available for sale is: $946 + $3,473 + $528 = $4,947. This is the main answer.Answer more than 100 words:If we want to compute the cost of goods sold and ending inventory, we must first determine the number of units available for sale. To do this, we add the beginning inventory and the purchases. The number of units available for sale is: 43 + 151 + 22 = 216 units.Now that we know the number of units available for sale, we can use the weighted average method to calculate the cost of goods sold and the cost of ending inventory.

We will start with the cost of goods sold. The formula for calculating the weighted average cost per unit is:Total cost of goods available for sale / Total units available for saleSubstituting the numbers from the problem into the formula, we get:$4,947 / 216 units = $22.87 (rounded to two decimal places)The cost of goods sold is then calculated as: $22.87 x number of units sold. Unfortunately, we are not given the number of units sold, so we cannot compute the cost of goods sold.

However, we can compute the cost of the ending inventory. To do this, we must first determine the number of units in ending inventory. We do this by subtracting the number of units sold from the number of units available for sale. Since we do not know the number of units sold, we will assume that 160 units were sold. This means that there are 56 units left in ending inventory (216 units - 160 units sold).The cost of the ending inventory is calculated as: $22.87 x number of units in ending inventory. Substituting the numbers from the problem, we get: $22.87 x 56 units = $1,280.72. Therefore, the ending inventory is $1,280.72. This is the conclusion.

To know more about Trading visit:

brainly.com/question/31282816

#SPJ11

The regressive expectations model is a macroeconomic concept that suggests individuals base their expectations of future inflation on past inflation rates, leading to a self-reinforcing cycle of inflationary expectations.

In the regressive expectations model, individuals assume that future inflation will be similar to past inflation. They form their expectations based on the recent trend in inflation rather than incorporating all available information or adopting rational expectations. This means that if inflation has been high in the past, individuals expect it to remain high in the future, and vice versa.

The key idea behind the regressive expectations model is that individuals do not fully adjust their expectations based on new information or changes in economic conditions. They have a bias towards assuming that the current trend will persist, which can create a self-fulfilling prophecy.

Know more about regressive expectations model here:

https://brainly.com/question/31265606

#SPJ11

A request for a quote (RFQ) is an inquiry that a company can send to a supplier to commence a transaction between the two.

An example of an RFQ is when a company sends an inquiry to a supplier to provide a quote for the supply of raw materials, goods or services. The RFQ usually specifies the requirements, specifications and quantities needed. It is important for the supplier to provide an accurate and competitive quote that will win them the business. The quote should be clear and easy to understand, with all the relevant information and pricing. It is also important for the supplier to respond to the RFQ in a timely manner, as the company may be considering other suppliers and a delay in the response could result in the loss of business. Overall, the RFQ is an important document that helps to initiate the procurement process and provides the supplier with an opportunity to win new business.

To know more about transaction visit :-

https://brainly.com/question/24730931

#SPJ11

Identify Key Skills and Qualities: The first step in developing a succession plan for non-executive directors is to identify the key skills and qualities required for the role.

This involves assessing the current board composition, understanding the future needs and strategic direction of the organization, and identifying the specific skills, expertise, and diversity requirements that the non-executive directors should possess.

Succession Pipeline Development: Once the key skills and qualities are identified, the next step is to develop a succession pipeline. This involves identifying potential candidates who possess the desired skills and qualities and nurturing their development through various means such as mentoring, training programs, board exposure, and networking opportunities. The goal is to create a pool of qualified individuals who can potentially step into non-executive director roles when vacancies arise.

Evaluation and Selection Process: The final step is to establish an evaluation and selection process for non-executive director positions. This involves defining the criteria for selection, creating a transparent and rigorous assessment process, and involving relevant stakeholders in the decision-making. The evaluation process may include interviews, reference checks, assessment of past experience and achievements, and alignment with the organization's values and culture. The selected candidates can then be appointed to non-executive director positions based on their qualifications, potential contribution, and fit with the organization's strategic objectives.

Overall, these three steps help ensure a systematic and proactive approach to succession planning for non-executive directors, which is crucial for maintaining a strong and effective board of directors in an organization.

Learn more about  key skills  here:

https://brainly.com/question/28285035

#SPJ11

In "The Big Short," a movie based on a book by Michael Lewis, the financial innovations and deregulations leading up to the financial crises are highlighted. Five key financial innovations or deregulations that contributed to the crises are Securitization, Subprime mortgages, Credit default swaps (CDS),  Deregulation of financial institutions, Rating agency failures.

1. Securitization: One significant financial innovation leading to the financial crises was securitization. This involved bundling various types of loans, such as mortgages, into complex financial products known as mortgage-backed securities (MBS) and collateralized debt obligations (CDOs). These securities were then sold to investors, spreading the risk throughout the financial system.

2. Subprime mortgages: Another key factor was the proliferation of subprime mortgages. These were mortgages offered to borrowers with poor credit histories or low incomes. Financial institutions, driven by the desire to maximize profits, relaxed lending standards and issued these high-risk mortgages, leading to a housing bubble.

3. Credit default swaps (CDS): Credit default swaps played a significant role in the financial crises. These were insurance-like contracts that allowed investors to speculate on the default of various securities, including MBS and CDOs. However, the lack of transparency and understanding of these complex financial instruments resulted in the underestimation of risk and the eventual collapse of the market.

4. Deregulation of financial institutions: Deregulation measures, such as the repeal of the Glass-Steagall Act in 1999, contributed to the financial crises. This allowed commercial banks, investment banks, and insurance companies to engage in riskier activities and led to the blurring of traditional banking boundaries. The increased complexity and interconnectedness of financial institutions amplified the impact of the crises.

5. Rating agency failures: The reliance on credit rating agencies, such as Standard & Poor's, Moody's, and Fitch, also played a role. These agencies assigned high ratings to complex financial products, including MBS and CDOs, based on flawed assumptions and inadequate analysis. This misled investors and masked the underlying risks, leading to a false sense of security and contributing to the crises.

To know more about The Big Short, click here: brainly.com/question/30408378

#SPJ11

while documentation of performance is an important part of performance appraisal, it is not the key purpose of performance appraisal. The key purpose of performance appraisal is to help employees improve their skills and abilities and to ultimately benefit the organization.

The statement "The key purpose of performance appraisal is to document performance for purposes of personnel administration" is false. Performance appraisal is a process of evaluating an employee's work performance in order to identify strengths, weaknesses, and areas for improvement. It is a tool that is used by organizations to help their employees improve their skills and abilities. While documentation of an employee's performance is an important part of the appraisal process, it is not the key purpose of performance appraisal.There are several key purposes of performance appraisal, including:1. To provide feedback to employees on their performance: Performance appraisal provides employees with feedback on how well they are performing in their role. This feedback can help employees identify areas where they are excelling and areas where they need to improve.2. To identify training and development needs: Performance appraisal can help managers identify areas where their employees need additional training or development. This can help employees improve their skills and abilities and can ultimately benefit the organization.3. To set goals and objectives: Performance appraisal can help managers and employees set goals and objectives for the future. This can help employees stay motivated and focused on achieving their goals.4. To determine compensation and rewards: Performance appraisal can help managers determine how to compensate and reward their employees based on their performance. This can help employees feel valued and can ultimately benefit the organization as a whole.

To know more about appraisal visit:

https://brainly.com/question/28319917

#SPJ11

To calculate the number of shares for basic earnings per share, we need to consider the weighted average number of shares outstanding during the period. In this case, there were 1,433,000 shares outstanding on Therefore, the number of shares to be used for calculating basic earnings per share is 1,433,000 shares.

(2) To calculate the number of shares for diluted earnings per share, we need to consider the potential dilution from convertible securities. In this case, the company issued $600,000 of convertible bonds, where each $1,000 bond can be converted into 36 shares of common stock. Since none of the bonds have been converted to date, we include the potential dilution from the conversion of the convertible bonds. The number of shares to be used for calculating diluted earnings per share is the sum of the shares outstanding (1,433,000 shares) and the potential shares from the conversion of the convertible bonds (600,000 x 36 = 21,600,000 shares). Therefore, the number of shares for calculating diluted earnings per share is 22,033,000 shareTo calculate the earnings figure for basic earnings per share, we use the reported after-tax net income of $1,592,000. The basic earnings per share is calculated by dividing the net income by the number of shares outstanding. Therefore, the earnings figure to be used for calculating basic earnings per share is $1,592,000.To calculate the earnings figure for diluted earnings per share, we need to consider the potential dilution from convertible securities. Since none of the convertible bonds have been converted to date, we use the same after-tax net income of $1,592,000. The diluted earnings per share includes the potential dilution from the conversion of the convertible bonds. Therefore, the earnings figure to be used for calculating diluted earnings per share is also $1,592,000.

To learn more about weighted  click on the link below:

brainly.com/question/30206045

#SPJ11

If the marginal benefits are greater than the marginal cοst οf an activity, then s shοuld allοcate fewer resοurces tο this activity is False

The marginal cοst refers tο the increase in prοductiοn cοsts generated by the prοductiοn οf additiοnal prοduct units. It is alsο knοwn as the marginal cοst οf prοductiοn. Calculating the marginal cοst allοws cοmpanies tο see hοw vοlume οutput influences cοst and hence, ultimately, prοfits

If the marginal benefits οf an activity are greater than the marginal cοsts, it indicates that the activity is generating a net pοsitive benefit. In such cases, it wοuld be ratiοnal tο allοcate mοre resοurces tο this activity in οrder tο maximize the οverall benefits.

Therefοre, the cοrrect statement wοuld be:

"If the marginal benefits are greater than the marginal cοst οf an activity, then οne shοuld allοcate mοre resοurces tο this activity."

Learn more about marginal cost

https://brainly.com/question/14923834

#SPJ4

The total contribution from the sales of Diversity Ltd.'s product Star is £76,480.

The contribution margin per unit for Diversity Ltd.'s product Star can be calculated by dividing the total contribution by the number of units sold. Given that the company is currently selling 9,560 units representing £143,400, we can determine the contribution margin per unit by dividing £143,400 by 9,560 units. Therefore, the contribution margin per unit is £15.

To calculate the total contribution, we need to subtract the total fixed costs from the total revenue. From the given information, we know that the total fixed costs are £66,920. Since the contribution margin per unit is £15, we can multiply it by the number of units sold (9,560) to find the total contribution from the product's sales: £15 * 9,560 = £143,400.

To determine the total contribution, we subtract the total fixed costs (£66,920) from the total contribution (£143,400): £143,400 - £66,920 = £76,480.

Therefore, the total contribution from the sales of Diversity Ltd.'s product Star is £76,480.

Learn more about sales here

https://brainly.com/question/25743891

#SPJ11

Click to manage your subscription, users, and settings.b. Expense - Cash payments made by a firm to another party.c. Chart of accounts - A listing of all accounts available.d. Account type - Dictates where an account appears in all reports.e. Sales receipt - Used when cash is collected at the time of a sale.

Unearned Revenue - Revenue not yet earned.g. Payment from a customer - Cash receipts received from a sale.h. Fixed assets - Long-term tangible property that a firm owns.i. To view a source document - Click on an event in any transaction report.j. Balance sheet - Reports assets, liabilities, and equities.

A chart of accounts is a listing of all accounts available, account type dictates where an account appears in all reports, to view a source document, click on an event in any transaction report, the balance sheet reports assets, liabilities, and equities.

To know more about Cash payments visit:-

https://brainly.com/question/30514018

#SPJ11

The component of strategic planning that includes communicating with the marketing unit, motivating marketing personnel, and coordinating marketing activities is known as the Marketing Implementation component.Marketing implementation is a vital part of strategic planning, as it involves putting the marketing plan into action. The correct answer is E.

It involves communicating with the marketing unit to ensure that everyone is on the same page and understands the plan's objectives. It also involves motivating marketing personnel, as they will be the ones responsible for executing the plan.

Coordination of marketing activities is also a part of the implementation process to ensure that everything is running smoothly.In summary, the Marketing Implementation component of strategic planning includes communicating with the marketing unit, motivating marketing personnel, and coordinating marketing activities to put the marketing plan into action.

To know more about Marketing Implementation visit:-

https://brainly.com/question/13748773

#SPJ11

1 True. Online reviews have become an essential part of the decision-making process for many consumers.

2 True. Personal selling is all about building relationships with potential customers and showing them how your product or service can solve their problems.

According to a recent survey, over 50% of consumers trust online reviews as much or more than word of mouth from people they personally know. This is due to the fact that online reviews provide valuable insights into the quality and reliability of products and services from real customers who have already used them. They also offer a level of transparency and credibility that can be hard to achieve through other marketing channels.

True. Personal selling is all about building relationships with potential customers and showing them how your product or service can solve their problems. This approach requires a deep understanding of the customer's needs and a willingness to listen and respond to their concerns. By explaining how your product or service can address specific pain points or challenges, you can help the customer see the value of what you are offering.

This can involve highlighting key features and benefits, providing case studies or testimonials, or even offering a free trial or consultation. Ultimately, the goal of personal selling is to build trust and establish a long-term relationship with the customer, which can lead to repeat business and referrals.

Learn more about product here:

https://brainly.com/question/13846750

#SPJ11

The correct answer is option a: Revenues won't cover construction costs at any ticket price. There is no way to increase total consumer surplus by building the rink.

Based on the given information, we can analyze the options:

The function for the quantity demanded of yearly passes is q = 1600 - 0.8p, where q represents the quantity demanded and p represents the price of the pass. To determine the appropriate answer choice, we need to consider the relationship between revenues, costs, and consumer surplus. The total revenue earned from selling the passes is given by the equation R = pq. Since we know the quantity demanded function (q = 1600 - 0.8p), we can substitute it into the revenue equation:

R = p(1600 - 0.8p)

Consumer Surplus = ∫[0 to q] (1600 - 0.8p) dp

To learn more about revenues click here https://brainly.com/question/31923987

#SPJ11

To calculate the annual equivalence amount for the infinite series, we need to determine the present value of the series. The formula for the present value of an infinite series is:

Present Value = Annual Cash Flow / (Discount Rate - Growth Rate)

In this case, the annual cash flow is $100 + 10n, the discount rate is 12% + n, and the growth rate is 8.

Substituting the values into the formula, we get:

Present Value = ($100 + 10n) / (0.12 + n - 0.08)

            = ($100 + 10n) / (0.04 + n)

Now, since we are looking for the annual equivalence amount, we need to multiply the present value by the discount rate. The discount rate in this case is i = 12% + n.

Annual Equivalence Amount = Present Value * Discount Rate

                         = (($100 + 10n) / (0.04 + n)) * (0.12 + n)

To calculate the specific annual equivalence amounts for each year, we substitute n=1 into the equation:

Year 0: (($100 + 10(1)) / (0.04 + 1)) * (0.12 + 1)

Year 1: (($100 + 10(1)) / (0.04 + 1)) * (0.12 + 1)

Year 2: (($100 + 10(1)) / (0.04 + 1)) * (0.12 + 1)

...

Year 12: (($100 + 10(1)) / (0.04 + 1)) * (0.12 + 1)

Please note that the values in the equation remain the same for each year since n=1. Therefore, the annual equivalence amount for each year will be the same.

For each year, substitute the values into the equation and calculate the result to find the annual equivalence amount.

Learn more about financial calculations and present value here:

brainly.com/question/24913353

#SPJ11

Institutional economics is a phenomenon of the 20th century, and it's a purely American product. Its characteristic features include focusing on how institutions shape the economy and how these institutions affect the behavior of economic actors.

Institutional economics is a branch of economics that studies institutions' role in shaping economic behavior. The study of institutional economics focuses on understanding how economic institutions, including regulatory frameworks, norms, and laws, impact economic activity.Institutionalism FeaturesInstitutional economics is founded on several characteristic features:1. Emphasis on InstitutionsInstitutional economics emphasizes the importance of institutions in shaping economic behavior. It argues that these institutions determine economic outcomes and the behavior of economic actors. Institutional economists believe that institutions, including the law, the government, and regulatory frameworks, are vital in creating economic incentives and disincentives that drive behavior.2. Historical ContextInstitutionalism recognizes the historical context of economic development. This branch of economics contends that past institutions shape the present economic environment and future economic development. Therefore, institutional economists often place greater importance on studying the evolution of economic institutions.3. Content LoadedInstitutional economics is often content loaded with analyses and frameworks that try to explain the interplay between economic institutions and behavior. Institutionalism covers several issues ranging from regulation and economic policy to entrepreneurship and industrial organization. It also incorporates interdisciplinary approaches from sociology, anthropology, and psychology.

4. American ProductInstitutional economics is a purely American product. In the early 20th century, a group of American economists, including Thorstein Veblen, John R. Commons, and Wesley C. Mitchell, founded institutional economics. They argued that mainstream economics failed to appreciate the importance of institutions in shaping economic outcomes.Role of Institutions in Modern Economic DevelopmentInstitutions play a critical role in modern economic development. They provide a framework that sets the rules of the game for economic actors. In this context, institutions can be formal or informal.Informal institutions refer to social norms, customs, and traditions that shape the behavior of economic actors. For example, a culture that values hard work and education may incentivize people to work hard and invest in their education. Formal institutions, on the other hand, refer to regulatory frameworks, government policies, and laws that create incentives and disincentives for economic behavior. For example, a country with strong property rights protections may encourage entrepreneurship and investment.In conclusion, institutional economics is a purely American product that emphasizes the role of institutions in shaping economic behavior. Its characteristic features include focusing on how institutions shape the economy and how these institutions affect the behavior of economic actors. The role of institutions in modern economic development is critical, as they provide the framework that sets the rules of the game for economic factors. Institutions can be formal or informal and have a significant impact on economic behavior and outcomes.

To know more about economic behavior.  visit:

https://brainly.com/question/17476159

#SPJ11

Under the inventory cost flow assumption of First-In, First-Out (FIFO), the inventory on the balance sheet least approximates its current cost.

The inventory cost flow assumption refers to the method used to determine the cost of inventory sold and the value of remaining inventory on the balance sheet. FIFO assumes that the first units purchased or produced are the first ones sold, meaning that the cost of the oldest inventory is matched with revenue first. This implies that the cost of the inventory recorded on the balance sheet represents the most recent purchases or production costs.

Therefore, under the FIFO assumption, the inventory on the balance sheet is based on the older, lower-cost inventory, which may not accurately reflect the current market value or replacement cost of the inventory. As a result, during periods of rising prices, FIFO tends to understate the cost of inventory on the balance sheet. This is because the inventory recorded at older, lower costs may not reflect the higher costs of acquiring or producing new inventory.

In contrast, under other inventory cost flow assumptions like Last-In, First-Out (LIFO) or weighted average cost, the inventory on the balance sheet may more closely approximate its current cost. LIFO matches the cost of the most recent inventory purchases with revenue first, which can provide a better reflection of current costs. Weighted average cost calculates the average cost of all inventory units, considering both older and newer costs, which can also provide a more balanced approximation of current costs.

To know more about Revenue visit-

brainly.com/question/14293132

#SPJ11

Walmart's success in supply chain management can be attributed to a few key factors.

Firstly, they have developed a robust system for finding the best sources of materials and supplies, ensuring that they are of high quality and at the lowest possible cost. Secondly, their financial management practices are excellent, allowing them to optimize their spending and maximize profits. Additionally, their operations management is top-notch, allowing them to efficiently manage their inventory and distribution processes. One of the most significant advantages that Walmart has is its size and scale, which allows them to negotiate better deals with suppliers and leverage their purchasing power to secure better prices. All of these factors combined have made Walmart a leader in supply chain management and a force to be reckoned with in the retail industry.

To know more about management visit:

https://brainly.com/question/19491082

#SPJ11

The imbalance between free and slave states in the United States raised both economic and political issues. The economic issues centered around the reliance on slave labor in the southern states, which created a stark contrast with the free labor systems in the northern states.

The economic issues stemming from the imbalance between free and slave states were primarily tied to the institution of slavery. The southern states heavily relied on enslaved labor for their agricultural economies, particularly in cotton production. This economic dependence on slavery led to differing economic interests and priorities between the North and the South. The northern states, on the other hand, had embraced industrialization and a free labor system, which created economic tensions and competition between the regions. The political issues arose from the question of representation and power within the federal government. The balance of free and slave states mattered because it directly impacted the number of representatives each region would have in Congress. The southern states sought to maintain equal or greater representation to protect their interests, particularly regarding the institution of slavery. The admission of new states as either free or slave became a critical political issue as it could potentially upset the balance of power in Congress. This delicate balance was a significant factor in the political debates and compromises leading up to the American Civil War. In summary, the economic issues were related to the contrasting labor systems and the dependence on slavery in the southern states, while the political issues revolved around the balance of power and representation in Congress. The balance of free and slave states mattered because it directly influenced the economic interests, political power, and the ability to pass laws related to slavery in the United States.

Learn more about slave states here

https://brainly.com/question/18760343

#SPJ11

Payroll tax expense is also a tax-deductible business expense that can reduce a company's taxable income.

The total salaries expense, the total withholdings from employee salaries, and the actual payroll payment (salaries payable) for the first week of January are as follows:

Calculation of total salaries expense

Total number of employees = 70

Rate per hour = $27

Total number of hours worked = 41

Total salaries expense = Number of hours worked × Number of employees × Rate per hour= 41 × 70 × 27 = $63,630

Calculation of total withholdings

Total salaries expense = $63,630

Federal income tax rate = 15%

State income tax rate = 6%

FICA taxes are 7.65% of the first $118,500 earned per employee and 1.45% thereafter.

Unemployment taxes are 6.20% of the first $7,000 earned per employee.

We calculate the withholding in the following order:

Federal income tax

State income tax

FICA taxes

Unemployment taxes

Federal income tax = 15% × $63,630 = $9,544.50

State income tax = 6% × $63,630 = $3,817.80

Social Security and Medicare taxes

Employee wages up to $118,500 are subject to Social Security and Medicare taxes. The employee pays 7.65% of the first $118,500 earned and 1.45% on anything over that amount. Employer contribution rates are the same as the employee rates; therefore, the total percentage rate for Social Security and Medicare taxes is 15.30%.Social Security and Medicare taxes for the first $118,500 = 7.65% × $118,500 = $9,071.25

Social Security and Medicare taxes on the amount over $118,500 = 1.45% × (total salaries expense - $118,500) = 1.45% × ($63,630 - $118,500) = $0Unemployment taxes = 6.20% × $7,000 = $434

Total withholdings = Federal income tax + State income tax + Social Security and Medicare taxes + Unemployment taxes = $9,544.50 + $3,817.80 + $9,071.25 + $434 = $22,867.55

Calculation of actual payroll payment

Actual payroll payment = Total salaries expense - Total withholdings= $63,630 - $22,867.55= $40,762.45Therefore,Total salaries expense = $63,630

Total withholdings = $22,867.55

Actual direct deposit = $40,762.45

The total payroll tax expense Accurate Reports will pay for the first week of January is $12,230.70. This includes the employer's share of FICA and unemployment taxes.

The employer's share of Social Security and Medicare taxes = 7.65% × $63,630 = $4,866.08

The employer's share of unemployment taxes = 6.20% × $7,000 = $434

Total payroll tax expense = Employer's share of Social Security and Medicare taxes + Employer's share of unemployment taxes= $4,866.08 + $434 = $5,300.08

Learn more about Federal income tax: https://brainly.com/question/17092810

#SPJ11

Valeria purchased a home for $320,000 six years ago. A recent hurricane partially damaged the home. The fair market value of the house before the damage was $475,000. After the damage by the hurricane, the value of the house fell to $300,000.What type of loss does Valeria recognize and how much?

Valeria recognizes a $175,000 personal casualty loss.

Option O a $175,000 personal casualty loss.

Valeria's basis is $320,000.The fair market value before the damage is $475,000.The fair market value after the damage is $300,000.The loss incurred due to the damage to the house is calculated as follows: $475,000 - $300,000 = $175,000.Loss deduction for a personal casualty is calculated as follows:

Decrease in the value of the property or the adjusted basis of the property, whichever is less: $175,000.Less reimbursement received: None.

Personal casualty loss allowed: $175,000.Valeria will be able to recognize a $175,000 personal casualty loss for the damage caused by the hurricane.

Learn more about personal casualty loss: https://brainly.com/question/32338861

#SPJ11

Based on the provided information about Bank of Africa Ghana, the bank recorded a profit after tax of GH¢ 65.8 million at the end of 2020, despite the challenges posed by the Covid-19 pandemic. This performance was supported by a net interest income of GH¢ 180.53 million, which showed a significant increase of 24% compared to GH¢ 146.05 million in 2019.

As for the financial performance of commercial banks in Ghana, it would require a more comprehensive analysis of the banking sector. However, based on the additional information provided, it states that the total assets of the banking sector amounted to GH¢ 129.06 billion in December 2019, showing a year-on-year growth of 22.8%. This growth rate was higher compared to the 12.3% growth observed in December 2018. The stronger total assets growth in December 2019 can be attributed to the higher growth in both domestic and foreign assets of the banking sector.

To obtain a more detailed and accurate analysis of the financial performance of commercial banks in Ghana, it would be necessary to review comprehensive financial reports, industry data, and consider various performance indicators such as profitability ratios, asset quality, capital adequacy, and liquidity ratios. Additionally, it would be valuable to compare the performance of Bank of Africa Ghana with other commercial banks in the country to assess its relative position in the banking industry.

To know more about Financial visit-

brainly.com/question/31809187

#SPJ11

According to the traditional Economic model, employees seek to maximize their own well-being. This means that employees prioritize their own interests and try to make decisions that will benefit them personally, such as negotiating for higher wages or seeking better job opportunities.

However, this does not mean that employees do not also consider the well-being of the company they work for. In fact, it is often in an employee's best interest to ensure that the company is successful, as this can lead to job security and potential for career growth.

Additionally, some companies offer incentives or bonuses that align with the employees' goals, which can motivate them to work harder and contribute more to the success of the company. However, ultimately, an employee's primary goal is to maximize their own well-being, while also recognizing that the well-being of the company is important for their own success.

To know more about Economic model click here:

https://brainly.com/question/15212618

#SPJ11