Answer:
c. Uttering.
Explanation:
In this case, Harriet committed uttering of a forged financial document. Uttering is a crime and it refers to using, trading or offering a forged legal document. In this case, the forged legal document was a check, but uttering can also include forging a high school or college diploma and pretending to have graduated from the institution, and any other forging of legal documents.
A person who is not employed and claims to be trying hard to find a job but really is not trying hard to find a job is a. counted as out of the labor force but should be counted as unemployed. b. counted as unemployed but should be counted as out of the labor force. c. correctly counted as out of the labor force. d. correctly counted as unemployed
Answer:
The correct answer is B.
Explanation:
Effectively, a person who is not employed and claims to be trying hard to find a job but really is not trying hard to find a job is counted as unemployed but should be counted as out of the labor force.
This is so because, according to the statistical criteria applicable to the labor market, the active population or labor force is considered to be all those people who are working or who, without work, are looking for it and in conditions to start working. work immediately. On the other hand, people who do not have the capacity or need to join the job market (due to age, health, wealth, etc.) or who do not work and are not looking for work, in order to have the conditions to do so, are considered passive population that is outside the labor force. The latter is the case of the person in question, who does not have a job and is not actively looking for it.
How do economists use economic models
Answer:
Economists use economic models to study particular aspects of economic reality. To do so, they develop a simplified model of reality in which only a few variables are included, and everything else is held constant or ignored.
Explanation:
For example, the most famous economic model is the model of supply and demand, which is used to analyze how consumers and producers interact in the market for a good or service, and how this interaction determines the price.
As we can see, in this economic model of supply and demand, many other things like social class or history are left aside, and only a few variables are included.
Billy Kroghmen is the son of a very prominent Fortune 500 CEO. Billy has had troubles. He failed out of multiple colleges, universities, and correspondence schools. He finally received his undergraduate degree from a university with only a post office box for an address. He then enrolled in the school’s combined graduate accounting and law school programs, graduating with honors in both degrees. After graduation, he twice failed both the CPA and bar exams, managing to set record low scores on the ethics portions of both. Despite these academic setbacks, Billy’s career now seems to be thriving. He has been appointed to a number of "blue ribbon" government committees, is on the board of directors of two corporations and one prestigious not-for-profit organization. In at least one instance, a donor credited Billy with the idea for making a large contribution to the not-for-profit. Widespread speculation is that his career advancement is based largely on social relationships through friends and family. We would classify Billy as _________on________ capital, and ________on________ capital.
Answer:
a. high; social; low; human
Explanation:
The social capital refers to the capital in which the people interact with each other or we can say social interactions in able to learning, skills and knowledge.
While on the other hand, the human capital stated the skills and knowledge could be learned either in formal or informal way
Therefore according to the given situation, Billy as high on social capital and low on human capital
hence, the correct option is a.
Information regarding income levels, education, occupation, and ethnic groups in your target market is called
A. product-based research
B. advertising information
C. demographics
D. secondary research
Answer:
Option C. Demographics
Explanation:
Demographics are a population section of a particular target market depending upon specific demographic information which differentiates this section from other section population. These demographics mostly includes location, family status, occupation, education level, etc.
The difference between actual and standard cost caused by the difference between the actual quantity and the standard quantity is called the: Group of answer choices Controllable variance. Standard variance. Budget variance. Quantity variance. Price variance.
Answer:
Quantity variance.
Explanation:
The difference between actual and standard cost caused by the difference between the actual quantity and the standard quantity is called the Quantity variance.
For instance, if Tony needs a standard quantity of 50 pounds of iron to construct a burglary, but only used 51 pounds, then the quantity variance is 1 pound of iron.
Hence, the quantity variance is simply the difference between the actual quantity of materials that should be used and the quantity of materials that was used.
Jeremy signs a power of attorney document giving Keisha the authority to conduct transactions for him. What is the usual term for Keisha’s role in this situation? a. Custodian of records. b. Principal. c. Collective entity. d. Attorney-in-fact.
Answer:
d. Attorney-in-fact.
Explanation:
An attorney-in-fact is an individual whom you authorize to engage in any business or private transaction on your behalf. This means that the attorney-in-fact represents you and if he/she does something in your name (e.g. sign contracts, take debts) it will be your responsibility. E.g. if the attorney-in-fact signs a contract on your behalf, your are a party in that contract and must perform your obligations.
Group companies normally trade with each other and are involved in other forms of business relationships. Discuss the impact that this will have on group performance and tell how these transactions are dealt with in the books of the group as a whole
Answer:
Some of the impacts that will have on group performance:
Cost cutting due to transfer pricingRevenue increase due to internal tradingThe internal trading transactions will be separated from the reconciliation statements.
Explanation:
An activity-based costing system ______. requires substantial resources provides benefits of improved accuracy that always outweigh the costs produces different numbers than a traditional system is costly to maintain
Answer:
1. Requires substantial resources.
2. produces different numbers than a traditional system.
3. Is costly to maintain.
Explanation:
Activity-based costing (ABC) system is a method of accounting assigns the total cost of activities such as manufacturing overhead costs and indirect costs necessary to produce a product or provide a service.
Basically, an activity-based costing (ABC) system is focused on the cost drivers associated with the respective activities, which are responsible for cost to be incurred. The cost drivers are activities such as direct labor, purchase order, machine use etc.
Hence, an activity-based costing system requires substantial resources, produces different numbers than a traditional system and is costly to maintain.
An activity-based costing system Requires substantial resources, produces different numbers than a traditional system, and Is costly to maintain. Thus options A, C, and D are correct.
The ABC system (activity-based costing) is an accounting technique that determines the entire cost of activities like manufacturing overhead expenses and indirect costs required to create a good or deliver a service.
An activity-based costing (ABC) system basically focuses on the cost drivers connected to the corresponding actions that cause costs to be incurred. Activities including direct labor, purchase orders, equipment utilization, etc., are the cost drivers.
As a result, an activity-based costing system is expensive to run, takes significant resources, and generates data that differs from that of a typical system.
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Your question seems to be incomplete, but most probably the complete question was:
An activity-based costing system ______.
A. requires substantial resources provides
B. benefits of improved accuracy that always outweigh the costs
C. produces different numbers than a traditional system
D. is costly to maintain
Phoenix Guitars is interested in pursuing backward integration to take greater ownership of the extraction of raw materials and production of components used in its signature line of guitars. Although this approach would lower the overall cost of producing a guitar, the costs associated with producing electronic pickups for sound amplification are far greater than those associated with sourcing pickups from a reliable supplier. Which of the following approaches is likely to produce superior results?
A) Invest in vertical integration despite the cost of producing pickups.
B) Abandon the idea of vertical integration entirely.
C) Pursue taper integration.
D) Introduce a budget line of guitars to diversify the firm's offeri
Answer:
Option A
Explanation:
In simple words, Regardless of the expense of making guitars, the technique reduces the total cost of manufacturing a instrument. Phoenix would be in the production business of instruments, not pickups.
The target of this technique is therefore the entire guitar, not really the pickups. The smaller the process of manufacturing their instruments, the better manoeuvrability they have on the market. When they have reduced costs, they may change rates downwards in order to capture further market penetration.
Assume that we are in the MM world. Health and Wealth Company is financed entirely by common stock that is priced to offer a 12 percent expected return. If the company repurchases 20 percent of the common stock and substitutes an equal value of debt yielding 8 percent, what is the expected return on the common stock after refinancing
Answer:
13%
Explanation:
the new cost of equity = old cost of equity + [(debt / equity) x (old cost of equity - cost of debt)]
the new cost of equity = 12%+ [(20 / 80) x (12% - 8%)] = 12% + 1% = 13%
Since we are in the MM world, taxes do not exist, therefore they are not included in the equation.
Bob needs to create an agreement between his company and a third-party organization that demonstrates a "convergence of will" between the parties so that they can work together. Which type of agreement will Bob use?
Answer: Memorandum Of Understanding (MOU)
Explanation: A memorandum of understanding may be explained as a binding document between two or more parties usually employed to showcase an agreement in action, decision or intent of the parties involved. The memorandum of Understanding may be adopted to serve as a commitment to partner between two or more parties where the parties prefer to adopt a gentle or leave out legal procedure in their agreement deal.
In the scenario above, Bob will have to create a Memorandum of Understanding which will be signed by Bob's company and the third party to signify a convergence of will between them.
Van and her brother Trung both own homes valued at $175,000. Both pay property taxes at 1.25% and pay annual taxes of $2,187.50. They live in different neighborhoods. Van’s property value is expected to increase by 5% next year.Trung’s property value is expected to increase by 3%. How will these changes affect their property taxes? Check all that apply.
Answer:
Van's property tax will increase.
Trung's property tax will be less than Van's.
Trung's property tax will increase.
Explanation:
Data provided in the question
Value of the home = $175,000
Property taxes = 1.25%
Annual taxes = $2,187.50
Increased percentage for Van = 5%
Increased percentage for Trung = 3%
based on the above information, the affect is as follows
Van's property tax would rise as he expects his home's value to rise more than Trung's property value. Since the value of Van 's property is rising and rising more than that of Trung, Trung's would be less than that of Van. Because of the rise in value Trung's property tax is rising.
T-bills are offered in what monetary increment? $1 $10 $100 $1000
Answer:
1,000 is the answer
Explanation:
Because it is
Answer:
The correct answer is $100
Explanation:
This information has come directly from the U.S department of treasury.
Linda is an accountant at a major conglomerate. Her job profile states that she has to access not only the data from her firm, but also the data from the firms that compose the conglomerate as a whole. On which of these networks is Linda most likely working?
Answer:
firms
Explanation:
Silas Company reported the following information for 2015: Sales revenue $500,000 Cost of goods sold 350,000 Operating expenses 55,000 Unrealized holding gain on available-for-sale securities 20,000 Cash dividends received on the securities 2,000 For 2015, Silas would report comprehensive income of
Answer:
$20,000
Explanation:
Since there are cash gains that have not been realized as a result of the goods not being sold complete;y. This means that there is still more cash for to be inputted into the account information when a comprehensive income review is done.
from the question, it shows that $20,000 is te unrealized gain and as such is the going to be part of comprehensive income when the books of Silas company are to be reckoned.
Cheers.
Since horizontal integration is the process of acquiring and merging with _________, it is the type of corporate strategy that can improve a firm's strategic position in _______ industry/industries. Multiple Choice buyers, multiple competitors, multiple competitors, a single suppliers, a single suppliers, multiple
Answer:
Option A. Competitors, a single
Since horizontal integration is the process of acquiring and merging with Competitors, it is the type of corporate strategy that can improve a firm's strategic position in a Single industry/industries.
Explanation:
In a horizontal integration, the company acquires or merges its business with the competitor in same line of business to control the competition and market decisions. This helps the company to take most of the control of the single industry by increasing its bargaining price due to access to wider number of resources and product knowledge which enables the group to manufacture a differentiated product.
Hence the option A is correct.
Exhibit 15-3 Potatoes and wheat output (tons per day) Country Potatoes Wheat United States 4 2 Ireland 3 1 In Exhibit 15-3, the United States has an absolute advantage in producing: Group of answer choices
Answer:
The answer is "Both potatoes and wheat"
Explanation:
The actual value of US production is a productivity gain, which is the value of potatoes and wheat, since it will yield more with a given day than in Ireland. Unless the country has it, otherwise nation A (USA) created the product more for country B (Ireland), the benefit between two commodities. Instead of the national comparative benefit, foreign trade is based on the concept of competitive advantage.Office Procedure
a) Encplain the meaning and need of office procedure:
Answer:
Meaning of Office procedure:Office procedure is the combination of two words : office and procedure. Office means the place where overall administrative and clerical functions are performed for achieving organizational goals. Procedure means a series of actions conducted in a certain manner, an established way of doing something, a process of making decision and the specific way of performing official task which is set by the office as per organizational objectIves for getting decision from authorized level.
The process of getting decisions from the authorized level in order to perform a specific official task as per the objectives set by office or organization is called office procedure.
Need of office procedure:It is necessary for an organization to carry out the official activities following certain procedures. These procedures are adopted in a systematic way by considering rules and policies of the organization. The following points highlight the importance or need of office procedures:
Effective office performanceIt provides a necessary guidance about official system. So , it supports to perform the official jobs in a simple and uniform way.
Brings flexibilityOffice procedures involve the provision of flexibility in official activities. It is the reason that it supports to perform the organizational activities in a flexible and effective manner.
Support to subordinatesIt involves necessary information of past and present performance of office. It provides support to involve the subordinate level staff in decision making process. It increases the commitment of lower level staff.
Develop participatory approachIt facilitates to develop participatory approach for solution of official problems. It considers the opinion , ideas and information provided by the subordinate level staff in decision making process.
Fulfill legal requirementIt involves systematic and safely preservation of valuable official documents in proper files. Whenever any documents are required to government officials it can be provided within proper time. Therefore, it facilitates to fulfill legal procedures and requirements.
Hope this helps...
Best regards!!!
What best describes the kinds of companies in which a socially responsible
investor would invest his or her money?
O A. Companies that rely on nonmonetary calculations when doing
cost-benefit analysis
B. Companies with a business model and social mission that the
investor supports
O C. Companies that put profit-maximization above all other
considerations
O D. Companies that work toward decreasing marginal utility for a
society
Answer: Companies with a business model and social mission that the
investor supports
Mr. Jacob, who is terminally ill, writes a will transferring all his assets to his daughter Silvia, in the event of his death. The doctors say that Mr. Jacob will live for about six months. A day after the will is written, Silvia wishes to transfer her expected inheritance to her son, Jacob Jr. This assignment will be ________.
Answer:
Invalid
Explanation:
Since it is stated in the will, that upon his death should the assets be transferred, it means that Silvia doesn't get anything until Mr Jacob ceases to be alive.
With the new development as regards Mr Jacob living for 6 more months before dying, Silvia has no assets yet and as such cannot transfer anything to Jacob Jnr.
Cheers
JVL Enterprises has set a target profit of $126,000. The company sells a single product for $50 per unit. Variable costs are $15 per unit and fixed costs total $98,000. How many units does JVL have to sell to BREAK-EVEN?
Answer:
The break even unit is 2800 units.
Explanation:
The target profit of JVL Enterprises = $126000
The selling price of a single unit (SP) = $50 per unit.
Variable cost (VC) = $15
Fixed cost of the production (FC) = $98000
Now find the break-even unit by dividing the fixed cost with the difference of selling price and variable cost.
The break even unit = FC / (SP-VC)
= 98000 / (50 – 15)
= 2800 units
A building with an appraisal value of $132,970 is made available at an offer price of $154,091. The purchaser acquires the property for $30,971 in cash, a 90-day note payable for $22,282, and a mortgage amounting to $52,517. The cost basis recorded in the buyer's accounting records to recognize this purchase is
Answer:
Total purchase value (Cost basis) = $105,770
Explanation:
Given:
Appraisal value = $132,970
Offer price = $154,091
Cash amount = $30,971
Notes payable = $22,282
Mortgage amount = $52,517
Find:
Total purchase value (Cost basis)
Computation:
Total purchase value (Cost basis) = Cash + Notes payable + Mortgage amount
Total purchase value (Cost basis) = $30,971 + $22,282 + $52,517
Total purchase value (Cost basis) = $105,770
If the nominal interest rate is below the equilibrium value, then the quantity demanded of money is ______ than the quantity supplied of money, bond prices will ____, and the nominal interest rate will ____
Answer:greater ,rise,decrease
Explanation:
Which of the following scenarios best illustrates bundling? Cumulus Media Inc. sells its cloud computing network by having customers pay for the service as they use it. Fresh Seeds Inc. sells seed packages, in which a person can buy a package of three types of seeds at a discounted price compared to buying the seeds individually. Sharp Cable Inc. sells its basic TV channels for free but charges high prices for any channels that customers add on later. Clean Brush Inc. sells its electric toothbrushes for a low cost, but charges a high price for replacement brushes.
Answer:
The scenario that best illustrate BUNDLING is option B which state that:
Fresh Seeds Inc. sells seed packages, in which a person can buy a package of three types of seeds at a discounted price compared to buying the seeds individually
Explanation:
BUNDLING occur when a company or an organisation combine different product together as a package and than sell those product at a discounted amount or lower price instead of charging their customers to buy those product separately
For example, a customers may prefer iPhone 6 than iPhone 5 Instead of the company to sell iPhone 6 for $500 dollars and iPhone 5 for $400 dollars each, the company will then bundles or combined the two product and sells them at a discounted price or amount of $300.
Douglas Industries produced 5,500 units of product that required 2.5 standard hours per unit. The standard fixed overhead cost per unit is $2.20 per hour at 13,500 hours, which is 100% of normal capacity. Determine the fixed factory overhead volume variance.
Answer:
$550 favorable
Explanation:
Douglas industries was involved in the manufacturing of 5,500 units of a product which required 2.5 standard hours per unit.
The standard fixed overhead cost per unit is $2.20 for each hour at 13,500 hours
Therefore, the fixed factory overhead volume variance can be calculated as follows
= (13,500-(5,500×2.5hours)×$2.20
= (13,500-13,750)×$2.20
= -250 × $2.20
= -$550
= $550 favorable
Hence the fixed factory overhead volume variance is $550 favorable
Peggy andrews has a charge account at davis jewelers, which uses the unpaid-balance method of computing finance charges. the periodic rate is 1.75%. peggy's previous balance is $9,472.08. she had payments and credits of $250.00. her new purchase of $45.00 was not included in the finance charge calculation. what is the new account balance including the new purchase? (hint: calculate finance charge before adding $45.00 to the balance.) $9,428.47 $9,222.08 $9,267.08 $9,429.25
Answer: $9428.47
Explanation:
Given the following :
Periodic rate = 1.75% = 0.0175
Previous balance = $9472.08
Payments and credit = $250
New purchase = $45
Unpaid balance = previous balance - payments and credit
Unpaid balance = $9,472.08 - $250 = $9222.08
Finance charge = unpaid balance × periodic rate
Finance charge= $9222.08 × 0.0175 = $161.3864
New balance = (unpaid balance + finance charge + new purchase)
New balance = $(9222.08 + 161.3864 + 45)
New balance = $9428.4664
New balance = $9,428.47
A coffee shop uses an online system to engage customers. After each transaction, customers receive a text asking them to rate their experience with either a smiley, neutral, or sad face emoji. This practice is an example of _______ control. behavioral concurrent bureaucratic feedforward feedback
Answer:
Feedback.
Explanation:
In this scenario, a coffee shop uses an online system to engage customers. After each transaction, customers receive a text asking them to rate their experience with either a smiley, neutral, or sad face emoji. This practice is an example of feedback control.
Feedback can be defined as the information acquired from customers or consumers about their reactions to a particular product bought or service taken. Business firms or entities use informations gathered through feedback to improve on the quality of their products or services being provided to consumers and to measure sales performance.
A company purchased merchandise to be resold at increasing costs during the year 2019. The purchases were made at the following costs. 1. What are the number of units and the cost of the goods available for sale? 2. Assuming the LIFO periodic cost flow assumption, what will be the company's cost of goods sold for the 110 items sold in 2019? 3. Assuming the FIFO periodic cost flow assumption, what will be the company's cost of goods sold for the 110 items sold in 2019? 4. Assuming the periodic weighted-average cost flow assumption, what is the company's cost of goods sold for the 120 items sold in 2019? 5. Assuming the LIFO perpetual cost flow assumption, what will be the company's cost of goods sold if 10 units were sold on the last day of each month during the year 2019? 6. Assuming the perpetual moving-average cost flow assumption, what is the company's cost of goods sold for the 110 items sold in 2019? 7. A company's inventory was destroyed in a fire on January 28, 2020. The company's December 31, 2019 inventory had a cost of $40,000. The company's gross profit has consistently been 30% of sales. During January the company purchased merchandise costing $36,000 and sales of $50,000 at regular selling prices. What is the estimated cost of the inventory that was destroyed on January 28, 2020?
Answer:
7. $41,000
Explanation:
7. The company has $40,000 of inventory on December, it further purchased $36,000 of inventory in January. The sales in January amounted to $50,000 out of which 30% is gross profit. The cost of goods sold will be $35,000. The inventory that is destroyed by fire $41,000 ($40,000 + $36,000 - $35,000 ).
All of the following are assumptions of cost-volume-profit analysis except a.the sales mix is constant. b.costs can be divided into fixed and variable components. c.there is no change in inventory quantities during the period. d.within the relevant range of operating activity, the efficiency of operations can change.
Answer:
d. within the relevant range of operating activity, the efficiency of operations can change.
Explanation:
Cost-volume-profit analysis is also known as the break even analysis, it is an important tool in predicting the volume of activity, the costs to be incurred, the sales to be made, and the profit to be earned is. It is used to determine how changes in differing levels of activities such as costs and volume affect a company's operating income and net income.
Generally, to use the cost-volume-profit analysis, financial experts usually make some assumptions and these are;
1. Sales price per unit product is kept constant.
2. Variable costs per unit product are kept constant and the total fixed costs of production are kept constant i.e costs can be divided into fixed and variable components.
3. All the units produced are sold i.e there is no change in inventory quantities during the period.
5. The costs accrued are as a result of change in business activities.
6. A company selling more than a product should simply sell in the same mix i.e the sales mix is constant.
Hence, the aforementioned are assumptions of cost-volume-profit analysis except that, within the relevant range of operating activity, the efficiency of operations can change.
All of the following are assumptions of cost-volume-profit analysis except within the relevant range of operating activity, the efficiency of operations can change. Thus, option D is the correct option.
The break-even analysis, also known as cost-volume-profit analysis, is a crucial technique for forecasting the amount of activity, expenditures to be incurred, sales to be produced, and profits to be realized. It is employed to assess how variations in various activity levels, such as expenses and volume, impact an organization's operating income and net income.
Financial professionals typically utilize the cost-volume-profit analysis and base their decisions on the following assumptions:
The unit sales price of the product is constant.The overall fixed costs of production are maintained at a consistent level, allowing for the division of costs into fixed and variable components.Learn more about cost-volume-profit here:
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Company FM2 must pay 200,000 in 4 years. In order to fully immunized from changes in interest rate, the company invests in a 3 year zero coupon bond that matures for 90,000 and a 5 year zero coupon bond that matures for X. The actuary for Company FM2 determined that their portfolio fully immunized their ability to meet their obligations at the current interest rate i. Calculate X.
Answer:
11.10%
Explanation:
The computation of the X is shown below;
The first equation is
$90,000 ÷ ( 1 + interest rate)^3 + X ÷ (1 + interest rate)^5 = $200,000 ÷ (1 + interest rate)^4
$90,000 × (1 + interest rate)^2 + X = $200,000 × (1 + interest rate)..........(I)
As we are assuming company has invested in both the bonds
So,
The second equation is
$90,000 (1 + interest rate)^2 = X ...................................(2)
By considering the both equation
we can derive that
X = $100,000 × (1 + interest rate)
Now the (1 + interest rate) is
= $100,000 ÷ $90,000
= 11.10%