Answer:
Encroachment.
Explanation:
Encroachment of land occurs when a person violates his neighbors property right through building a structure that extends beyond the boundary of his land and into another person's property.
However , this may be mutually agreed on by the two parties involved , and compensation given under a term called easement.
In a situation where the encroached property belongs to the government , this is referred to as structural encroachment and the government may destroy such structure without giving any compensation
Dag runs a hardware store. He learned that customers process the price of $9.99 as significantly lower than the price of $10.00 because of the reduced digit count in the price point. Accordingly, he follows this rule to set up the prices for all products. Dag uses a ________ strategy.
Answer: Psychological pricing
Explanation: The psychological pricing policy refers to a pricing strategy which could be said to have given rise to the use of price points whereby price of products are not perfectly rounded to rational whole numbers such example is when a product which cost $10.00 as in the scenario above is instead attached a price of $9.99. These imperfectly rounded numbers tend to have a greater psychological effect on buyers than perfectly rounded figures as buyers seem to portray these numbers as being lower than they are in actual sense.
Nick won $1000 lottery prize He can't decide what he should spend the money con buy a console, a bike ,a watch or a trip . He gives up the bike and the watch but he rally wants the console. In the end he saves it all for the trip. Which item is the opportunity cost of Nick's trip?
Answer: Console
Explanation:
Opportunity cost is what one forgoes in order to get somethings else. Opportunity cost is as a result of limited resources hence a choice has to be made.
From thw question, we are told that
Nick won $1000 lottery prize and he can't decide what he should spend the money on buy as he wanted a console, a bike ,a watch or go on a trip. We are further told that he gives up the bike and the watch but he really wants the console and that in the end he saves it all for the trip.
The opportunity cost here is the console. He wasn't really interested in the bike or watch but he really as very interested in the console and he eventually gave up on the console for the trip.
The Fed has decided to expand the money supply, leading to lower interest rates. As a partner in a tech start-up, you react to these lower interest rates by deciding to expand your operations and begin marketing your new artificial intelligence prototype. What impacts would this decision have on the macroeconomy
Answer:
reducing unemployment and raising GDP and increasing the investment part of GDP
Explanation:
This is the expansion monetary policy. Hiring more people results in business expansion, which reduces unemployment. In addition, more goods and services will be available that will increase GDP as a result of trade expansion. Finally, as business investment increases, so does the share of investment in GDP.correct answer is reducing unemployment and raising GDP and increasing the investment part of GDPClaremont Company specializes in selling refurbished copiers. During the month, the company sold 180 copiers at an average price of $3,000 each. The budget for the month was to sell 175 copiers at an average price of $3,200. The expected total sales for 180 copiers were.
Answer:
$576,000
Explanation:
Since the company sold 180 copiers, each at $3,000
175 budgeted for the month was sold at $3,200
Therefore, we sum the above
$3,000 + $3,200
=$6,200
Also, multiply the above outcome with the actual copiers sold
$6,200× 180
=$1,116,000
Therefore; to get the expected total sales for 180 copiers;
$3,000 × 180
=$540,000
Then
=$1,116,000- $540,000
=$576,000
Brodrick Company expects to produce 20,000 units for the year ending December 31. A flexible budget for 20,000 units of production reflects sales of $400,000; variable costs of $80,000; and fixed costs of $150,000. If the company instead produces and sells 26,000 units for the year, calculate the expected level of income from operations.
Answer:
For 20,000 units, we have 170,000
For 26,000 units, we have 266,000
Explanation:
Here, we are to calculate the expected level of income from operations.
Formulas that can come in handy from the table are;
Variable amount per unit = sales/number of units
contribution margin = Sales - Variable cost
Income from operations = Contribution margin - fixed cost
Please, kindly checked attached image for tabulated result calculations.
In a monopolistically competitive market, a. the entry of new firms creates externalities. b. the absence of restrictions on entry by new firms ensures that there will be no deadweight loss. c. there are always too many firms in the market relative to the socially-optimal number of firms.
Better choose A variant
A company pays an employee $3,000 for a five-day work week, monday–friday. the adjusting entry on december 31, which is a wednesday, is a debit to wages expense, $1,800, and a credit to wages payable, $1,800. true
Answer: True
Explanation:
From the question, we are told that a company pays an employee $3,000 for a five-day work week from Monday to Friday. This means that the employee receives a daily payment of ($3,000/5) = $600.
On Wednesday which is the third day, he will be paid ($600 × 3) = $1800. Therefore , the adjusting entry on December 31, which falls on a Wednesday will be to debit the wages expense, $1,800, and then credit to wages payable of $1,800.
Dave and Ellen are newly married and living in their first house. The yearly premium on their homeowner's insurance policy is $450 for the coverage they need. Their insurance company offers a 5 percent discount if they install dead-bolt locks on all exterior doors. The couple can also receive a 2 percent discount if they install smoke detectors on each floor. They have contacted a locksmith, who will provide and install dead-bolt locks on the two exterior doors for $50 each. At the local hardware store, smoke detectors cost $7 each, and the new house has two floors. Dave and Ellen can install them themselves.
a. How many years will it take Dave and Ellen to earn back in discounts the cost of the dead-bolts?
b. How many years will it take Dave and Ellen to earn back in discounts the cost of the smoke detectors?
c.Would you recommend Dave and Ellen invest in the safety items, if they plan to stay in that house for about 5 years?
Answer:
1.Annual discount for dead-bolts $22.50
Recovery period 4.44 years
2.Annual discount for smoke alarms $9.00
Recovery period 1.5 years
3. Yes
Explanation:
1. Calculation for the years it will take Dave and Ellen to earn back the cost of the dead-bolts
a. We were going to calculate for the Annual discount for dead-bolts using this formula Annual discount for dead bolts =Discount percent × Annual premium
Let plug in the formula
Annual discount for dead-bolts =0.05 × $450
Annual discount for dead-bolts =$22.50
b. We are to find Recovery period using this formula Recovery period=Cost of dead bolts / Annual discount for dead-bolts
Let plug in the formula
Recovery period= (2 × $50) / $22.50
Recovery period=100/$22.50
Recovery period= 4.44years
2. Calculation for the years it will take Dave and Ellen to earn back the cost of the smoke detectors
a. We are going to calculate for the Annual discount for smoke alarms using this formula Annual discount for smoke alarms =Discount percent × Annual premium
Let plug in the formula
Annual discount for smoke alarms =0.02 × $450
Annual discount for smoke alarms =$9.00
b. We are going to find the Recovery period using this formula Recovery period=Cost of smoke alarms / Annual discount for smoke alarms
Let plug in the formula
Recovery period=(2 × $7) / $9.00
Recovery period=14/$9.00
Recovery period= 1.5 years
3. Yes I Would recommend both Dave and Ellen to invest in the safety items, if they plan to stay in that house for about 5 years as they should recover most of their costs within the planned tenancy of the house and for their personal safety they should install the items regardless of all the recovery time period.
In your own words, discuss the payback period, NPV (net present value), and IRR (internal rate of return) methods for capital budgeting analysis. What result does each method provide the user? What are the limitations of each of these methods? Which method would you find most useful in making the best investment decisions for your business and why?
Answer:
The net present value (NPV) is the most important and useful method of capital budgeting analysis. It is basically calculated by determining the present value of all the future cash flows generated by a project and then subtract the original investment cost. If the answer is positive (positive NPV) then the project should be profitable and the company should go ahead with it. The limitation of NPV results from the discount rate used to calculate the present value, since it is extremely important to use the proper discount rate and not one that is too low or too high.
The second most useful tool is the internal rate of return (IRR) which is very related to the NPV. The IRR shows us basically at what discount rate the NPV would equal 0. Generally if the IRR is higher than the discount rate the NPV should be positive.
The payback period shows us how much time it takes a project to recover the original amount of money invested in it. The payback period is only useful for some industries where early obsolescence might be a problem. E.g. technological firms only approve projects with very short payback periods because their products might be obsolete in just one or two years.
In her research paper, Kirstein copied a few paragraphs from a renowned author's work verbatim without placing them within quotation marks or citing the source. The review board rejected her paper on grounds of plagiarism. In this scenario, Kirstein has committed:_________.
Answer:
Word-for-word.
Explanation:
Word for word plagiarism is seen to be an unethical form of writing where the said student or researcher is seen to copy a fellow researchers works verbatim and particularly word for word with also quotation marks too. In as much as this is a bad form for writers, people are always seen to commit themselves in still doing it. This can cause a lawsuit in some places depending on the researcher whose work is been stolen/copied.
In all, it is been tagged an act of intellectual dishonesty which comes with uneasy consequences when it is done to a wrong person; a plagiarized assignment may lead to a failing grade, a suspension, or an expulsion.
A firm is issuing new debt to finance some capital investment project. The firm will issue 20,000 new $1,000 face-value bonds that will mature in 20 years. The bonds have a coupon rate of 8% and are currently priced at par. The flotation costs that are associated with this new bond issue are expected to be $10 per bond. Further, the company has a marginal tax rate of 34%. Given this information, the before-tax cost of debt is _______________.
Answer:
8.09%
Explanation:
the coupon paid by each bond = $1,000 x 8% = $80
the net amount of money received from each bond = $990
n = 20
now we must find the yield to maturity:
YTM = {coupon + [(face value - market value)/n]} / [(face value + market value)/2]
YTM = {$80 + [($1,000 - $990)/20]} / [($1,000 + $990)/2] = $80.50 / $995 = 0.0809 = 8.09%
A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $200 worth of merchandise. On July 12, it paid the full amount due. Assuming the company uses a perpetual inventory system, and records purchases using the gross method, the correct journal entry to record the payment on July 12 is:
Answer:
The correct journal entry to record the payment on July 12 is:
Accounts Payable $1,600(debit)
Discount Received $32 (credit)
Cash $1,568 (credit)
Explanation:
When Company Purchases Merchandise
Merchandise Inventory $1,800 (debit)
Accounts Payable $1,800 (credit)
When Company Returns some Merchandise
Accounts Payable $200 (debit)
Merchandise Inventory $200 (credit)
When Company pay for the Inventory on 12 July
Note : Payment is made within the Cash discount period and it is eligible for the 2% Cash Discount.
Accounts Payable $1,600(debit)
Discount Received $32 (credit)
Cash $1,568 (credit)
The correct journal entry to record the payment on July 12 is:
Accounts Payable (debit) - $1,600
Discount Received (credit) - $32
Cash (credit) - $1,568
A journal entry is the process of recording any transaction, whether it is commercial or not. An accounting diary that displays the debit, as well as credit balances of a corporation, lists transactions.
The journal entry will be:
1. Merchandise Inventory (debit) - $1,800
Accounts Payable (credit) - $1,800
2. Accounts Payable (debit )- $200
Merchandise Inventory (credit) - $200
3. Accounts Payable (debit)- $1,600
Discount Received (credit) - $32
Cash (credit)- $1,568
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duties of an office clerk
Answer:
what do you need to know
A school district needs to arrange transportation for at least 360 students for a field trip. The district can use large buses or small buses. The large buses hold 60 students each and have an operating expense of $300 for the day. The small buses hold 45 students each and have an operating expense of $200 for the day. The district only has chaperones for, at most, seven buses. What is the minimum cost for the transportation for the field trip if each bus has chaperones
Answer:
$1700
Explanation:
The total number of students are 360 and the best option in selecting large bus or small bus is the one with lowest cost per student.
Large bus cost per student = $300 / 60 students = $5 per student
Small bus cost per student = $200 / 45 students = $4.44 per student
This means that the small bus is the best option.
So by using hit and trail basis,
(45 students * 4 mini buses) + (60 students * 3 Large Buses) = 360 Students
As we have the limit for 7 buses, the above scenario is the best option here and the total cost for 4 mini bus and 3 large buses is as under:
Total Cost = $200 * 4 Mini Buses + $300 * 3 Large Buses
Total Cost = $800 + $900 = $1700
Answer:
1,700
Explanation:
its on edge
Generally speaking, personal selling often works better than other forms of promotion if Select one: a. the complexity of the product increases. b. the value of the product decreases. c. the number of potential customers increases. d. the role of social media increases.
Answer:
a. the complexity of the product increases.
Explanation:
Generally speaking, personal selling often works better than other forms of promotion if the complexity of the product increases.
Personal selling can be defined as a promotional process in which a sales person engages a customer and tries to convince him or her to buy a product. The process involves a face-to-face interaction or communication and as such it is also referred to as the face-to-face selling.
Basically, it is a purchase situation involving a face-to-face interaction between the sales person and the customers, in an attempt to sell a product to them.
Also, note that if the complexity of the product increases, the most effective, efficient and best form of promotion would be personal selling because the sales person will have to explain and demonstrate to the potential customers how to use the product.
Hence, products that are technically complex or have complex features such as mobile phones, office equipments, factory equipment, cars are usually sold using the personal selling method. Any organization or business entity using the personal selling method must ensure their sales personnel have good interpersonal skills, ability, outspoken and very friendly with people.
Who may pay for the services of alcoholic beverage in a private club
Answer:
Members Only
Explanation:
mark, a civil engineer, entered into a contract with david. as per the contract, mark agreed to design and build a house for david for a specified fee. mark provided david with an estimation of the total cost and the contract was mutually agreed upon. however, during construction, when mark increased the price due to a miscalculation on his part, david refused to pay the amount. this scenario is an example of a _____ mistake.
Answer:
Unilateral Mistake
Explanation:
In a contract between two parties, a unilateral mistake occurs when one party in the contract makes a mistake regarding cost, the definition of a term or word, or measurement. The outcome of such a mistake is usually a conflict between the two parties. To resolve this problem, the contract could be canceled (if the other party becomes aware of the mistake), or reformed (if only one party is aware of the mistake).
When Mark made a mistake about the cost of building the house for David, he made a unilateral mistake as the mistake was committed by him alone. David's refusal of the amended cost is resulting in a conflict that would likely lead to the cancellation of the contract.
Give difference between thermoplastics and thermosetting plastic ?
Answer:
Thermoplastic becomes soft and melt when heated.They can be formed into desired shape. WHILE
Thermoset do not melt even at high temperature. once it softens, it can be moulded and can be moulded only once
An increase in household saving causes consumption to a. fall and aggregate demand to increase. b. rise and aggregate demand to increase. c. rise and aggregate demand to decrease. d. fall and aggregate demand to decrease.
Answer: d. fall and aggregate demand to decrease.
Explanation: When household savings increase, the consumption will fall, as the money which should be spent on consumption such as food, clothing and other products will reduce in other to foster household saving. Also, aggregate demand which is used to measure the total amount of demand for goods and services produced in an economy will also decrease as increase in aggregate demand will inadvertently lead to decrease in household saving.
Therefore, increase in savings requires reduction in spending and demand for products.
Consumption is termed as the process of consuming goods and services by the customers or the households. This is also known as the degree of quantity demanded as it depends on the power of consumption of the individual.
The correct answer is d. fall and aggregate demand to decrease.
When household savings increase, consumption falls because the money available for consumption, such as food, clothes, and other goods, is reduced in order to encourage household savings.
Furthermore, aggregate demand, which is used to assess the overall degree of consumer spending generated in an economy, would fall since a rise in consumer spending will accidentally result in a drop in household savings.
As a consequence, growing savings necessitates lowering expenditure and product demand.
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Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $390,000 and credit sales are $1,300,000. An aging of accounts receivable shows that approximately 5% of the outstanding receivables will be uncollectible. What adjusting entry will Tanning Company make if Allowance for Doubtful Accounts has a credit balance of $2,500 before adjustment? a. Bad Debt Expense65,000 Allowance for Doubtful Accounts65,000 b. Bad Debt Expense19,500 Allowance for Doubtful Accounts19,500 c. Bad Debt Expense22,000 Allowance for Doubtful Accounts22,000 d. Bad Debt Expense17,000 Allowance for Doubtful Accounts17,000
Answer:
d. Debit Credit
Bad Debt Expense $17,000
Allowance For Doubtful Accounts $17,000
Explanation:
Estimates of uncollectible ( $390,000× 5%) = $19,500
Less: Allowance For Doubtful Accounts Credit= ($2500)
Bad Debt Expense= $17,000
Five years ago, a customer purchased 1,000 shares of ABC stock at $60 per share. The stock has appreciated in value and is currently worth $100,000. The company announces that it is spinning off a subsidiary, DEF, to its shareholders. The value of the new company being spun off equals 10% of the old company. The customer will have:
Answer:
$54,000 cost basis in ABC; $6,000 cost basis in DEF
Explanation:
The original cost basis is the price that was paid for the shares. This means that 1,000 shares at $60 each gives a cost basis of $60,000.
Now if the subsidiary DEF is worth 10% of ABC which has a cost basis of $60,000, then the share of DEF that customers will have will be 10% of $60,000.
(10÷100) x $60,000 = 0.1 x $60,000
= $6,000.
Now, if DEF is worth $6,000 (i.e 10%) of ABC, then ABC's worth will now be $60,000 - $6,000 = $54,000.
The original cost basis is that price that was paid for the shared initially. This means that it has no effect on the increase in value of the shares.
Cheers.
Assume that you work for a company that produces different types of flavored salty snacks for many different target markets (for example, flavored potato chips or flavored sunflower seeds). One part of your job is to explore regularly what flavors your potential customers might like. Taste preferences constantly change, and you may not always be aware of all the flavors people crave. With the above research objective in mind, which type of research would you most likely conduct on a regular basis
Answer:
Focus group
Explanation:
The focus group refers to the people who are involved in a group to discuss about the topic that is related to the research of the market or the analysis of something or discussing for the new product.
It is an open discussion so that everyone who is in a group put their ideas and analyzed it what reactions would be received from an entire population
Since in the question, the taste and preferences changes constantly and the problem is that you are not aware of the flavours what actually people want so it should be discussed in a group so that proper analysis could be made by considering everyone perceptions
Therefore this research represent the focus group
A price ceiling A. is an illegal price. B. is the maximum price that can legally be charged. C. is the price that exists in a black market. D. Both answers A and B are correct. E. Both answers B and C are correct.
Answer:
The correct answer is the option B: is the maximun price that can legally be charged.
Explanation:
To begin with, the concept known as "price ceiling" in the economics field refers to the practice that the government uses in order to establish a maximun price that is the one that can be legally charged to the consumers regarding certain products. This policy comprehends an instrument for the government that it uses it with the purpose to guarantee particular products or services that might be essential to the society so therefore the people can buy it.
Write any two features of RTGS.
Features of RTGS Transaction
Realtime online fund transfer.
Used for high value transactions.
Safe and secure.
Reliable and backed by RBI.
Immediate clearing.
Funds credited on a one-on-one basis.
Transactions executed on an individual and gross basis.
Page 576 14.3. Recent Changes in Capitalism This animation explores different reasons why people work long hours even when their professional or financial situation would enable them to dial back. A key concept in this context is that of the opportunity cost of leisure. How is this concept best explained
Answer:
The summary including its perceived task is demonstrated in the following segment on the interpretation.
Explanation:
The further you pay, then you pass up to make a change from generating income. This would be called opportunity cost since taking a short break is losing the chance to go somewhere else (i.e. gain further extra cash).This is much less the continuation of something like a withheld opportunity than that of the recovery on the alternative you picked.How does the ability to discriminate correctly affect his or her earnings? A. If the negotiated price is higher than the reservation price, a sale is lost, and if the negotiated price is lower than the reservation price, some profit is lost. B. If the negotiated price is higher than the reservation price, some profit is lost, and if the negotiated price is lower than the reservation price, a sale is lost. C. If the reservation price is higher or lower than the reservation price, revenue is gained. D. If the reservation price is higher or lower than the reservation price, a sale is lost. E. If the negotiated price equals the reservation price, profit equals zero.
Answer:
if the negotiated price equals the reservation price profit is zero
Raggs, Ltd. a clothing firm, determines that in order to sell x suits, the price per suit must be p=120 - 0.5 x. It also determines that the total cost of producing x suits is given by C (x)=2500 + 0.25 x ^2. a) Find the total revenue, R (x). b) Find the total profit, P (x). c) How many suits must the company produce and sell in order to maximize profit? d) What is the maximum profit? e) What price per suit must be charged in order to maximize profit?
Answer:
A) R(x) = 120x - 0.5x^2
B) P(x) = - 0.75x^2 + 120x - 2500
C) 80
D) 2300
E) 80
Explanation:
Given the following :
Price of suit 'x' :
p = 120 - 0.5x
Cost of producing 'x' suits :
C(x)=2500 + 0.25 x^2
A) calculate total revenue 'R(x)'
Total Revenue = price × total quantity sold, If total quantity sold = 'x'
R(x) = (120 - 0.5x) * x
R(x) = 120x - 0.5x^2
B) Total profit, 'p(x)'
Profit = Total revenue - Cost of production
P(x) = R(x) - C(x)
P(x) = (120x - 0.5x^2) - (2500 + 0.25x^2)
P(x) = 120x - 0.5x^2 - 2500 - 0.25x^2
P(x) = - 0.5x^2 - 0.25x^2 + 120x - 2500
P(x) = - 0.75x^2 + 120x - 2500
C) To maximize profit
Find the marginal profit 'p' (x)'
First derivative of p(x)
d/dx (p(x)) = - 2(0.75)x + 120
P'(x) = - 1.5x + 120
-1.5x + 120 = 0
-1.5x = - 120
x = 120 / 1.5
x = 80
D) maximum profit
P(x) = - 0.75x^2 + 120x - 2500
P(80) = - 0.75(80)^2 + 120(80) - 2500
= -0.75(6400) + 9600 - 2500
= -4800 + 9600 - 2500
= 2300
E) price per suit in other to maximize profit
P = 120 - 0.5x
P = 120 - 0.5(80)
P = 120 - 40
P = $80
Which best describes a way people can use personal loans? to buy a house to buy a bicycle to pay for college to pay for groceries
Answer:
c. to pay for college
Explanation:
just took the test
Answer:
C. to pay for college
Explanation:
Suppose the countries of Iceland and Norway set up a free trade area, eliminating all trade barriers between themselves but maintaining tariffs on imports from the rest of the world. Now, Iceland begins to import wool from Norway. However, Iceland had previously been importing wool from England, which produced wool more cheaply than both Iceland and Norway. What is this an example of
Answer:
Trade Bloc
Explanation:
Trade Bloc is a type of agreement between two sovereign nations in which barriers to trade are either reduced or totally eliminated between the two nations. This type of agreement can either be one agreement between several nations or a part of a regional organization.
So, the example of Iceland and Norway is an example of a trade bloc.
which of the following is the features of memorandum. (a) no salutation (b) dear ma/sir (c) it contains letter headed paper (d) it contains e-mail
Answer:
(c) it contains letter headed paper
Explanation:
A memorandum can be referred to as it's short form called a Memo. A memorandum is an official means of communicating internally with the staff or employees of an organization about the day to day running or operations of such an organization.
Features of a Memorandum ( Memo) includes:
a) It is always typed or written on the company's letter headed paper.
b) It includes the person or persons who the memo is been addressed to
c) It includes the name and signature of person writing the memo.
d) Subject or title of the memo.
e) Information about the subject of the memo.