Answer:
Matching concept
Explanation:
This accounting principle is of the opinion that the expenses incurred in generating revenue should be matched with the revenue or income in order to ascertain whether or not profit or loss has been made,in other words,reporting only the revenue without considering the fact some amount has been incurred in a bid to generate the revenue does not a clear picture of the business underlying transactions.
It is simply aggregating like with like since costs incurred in the period are deducted from revenue in the same period.
Bad Debts account has a credit balance of $8,000 before the adjusting entry for bad debts expense. After analyzing the accounts in the accounts receivable subsidiary ledger using the aging−of−receivables method, the company's management estimates that uncollectible accounts will be $14,300. What will be the balance of the Allowance for Bad Debts reported on the balance sheet?
Answer:
$14,300
Explanation:
Based on the information given we were told that the management of the company estimated that the amount in the uncollectible accounts will be the amount of $14,300 which means that the amount of $14,300 will be the balance of the Allowance for Bad Debts that should be reported on the company balance sheet.
Leadership is a necessary (but not sufficient) condition for organizational success. Leaders should emerge at which level(s) of an organization?
Answer: throughout the organization
Explanation:
Leadership simply means when a group of people are being challenged and motivated sntha they can achieve a particular goal or objective. In organizations, a leader directs and motivates the workers so that organizational aims would be able to be achieved. It should be noted that leaders should emerge throughout the organization.
Sarah notices a sign in the window of a clothing store advertising a major sale on coats. realizing that she needs a new coat, sarah enters the store, chooses a coat that she feels represents good value for the price, and buys it. this stage in the exchange process is known as the _____.
Answer:
transaction
Explanation:
Transaction is the confirmation that an exchange has taken place. Before a transaction could be consumated, there must be at least two or more persons that are involved. Transaction means that a deal has been made such as receiving value for payment of product purchased.
With regards to the above, transaction is the right answer because after money has been exchanged with the products purchased, the confirmation that the exchange actually took place is transaction.
"Ethan knows that when he graduates from college and begins looking for a job, he will need to make his resume stand out from all the other resumes that the company receives in order to be selected for an interview. This focus on making his resume unique, means that Ethan understands the importance of _______ value."
Answer:
Communicating value
Explanation:
Communicating value involves showing others what makes one's product or skills different and better than others that are available.
What value means to stakeholders in a situation needs to be defined.
Focus is then given to how the skill or product can meet these unique needs.
Also one needs to understand the most effective platform to use in communicating value.
In this instance Ethan wants to make his resume stand out from all the other resumes that the company receives in order to be selected for an interview
He is communicating the value he can add to the company.
In a sole sponsorship for network advertising, the:
A. costs are minimal so the sponsor can provide funds for programs, specials, and all kinds of shows.
b. advertiser does not have the authority to control the placement and content of its commercials.
c. advertiser is provided with several bills because all networks are decentralized.
d. advertiser is responsible for both the program content and the total cost of production.
e. advertiser cannot make decisions on the length of the commercial.
Answer:
D.
Explanation:
Sole Sponsorship is a type of sponsorship in which a company or a person decides to be the only supporter of the event. In Network advertising, when a person decides to sponsor solely, the advertiser becomes responsible for both the program content and the total cost of the production.
The Sole sponsor fund the costs that could be earned from the advertising. The sponsor funds to the content to promote its name and brand.
Some example of sponsors are PepsiCo, Coca-Cola, etc.
Thus from the given options the correct one is D.
how freedom of choice can affect the availability of products and services for consumers. And explain how it can also affect the profit a business might make on the products and services it sells.
Explanation:
The free market is one where there is freedom of choice, that is, exchanges between goods and services in the market are carried out freely with minimal influence from the state.
Therefore, the free market predominates in capitalist countries, it is the law of supply and demand that will influence the economy, supply being the quantity of a good offered in the market and demand the quantity of a good that consumers are looking for to buy. Since one influences the other, in an ideal economy, the law of supply and demand is balanced.
A company's profit can be affected by the free market by economic variables that cause supply and demand to decrease, like many competitors in the market, economic crisis, shortage of raw materials, etc.
In India one person can produce 330 pounds of rice or 110 shirts in one year. In China one person can produce 400 pounds of rice or 200 shirts in one year. Which of the following statements is true?
a. India has a comparative advantage in the production of rice.
b. China has a comparative advantage in the production of rice.
c. China has both an absolute and comparative advantage in the production of rice.
d. India has an absolute advantage in the production of rice.
Answer:
a. India has a comparative advantage in the production of rice.
Explanation:
A comparative advantage is when a country is able to produce a product with a lower opportunity cost.
An absolute advantage is when a country is able to produce more products with the same resources than another country.
For India to produce 1 pound of rice, it has an opportunity cost of 0.33 shirts.
For China to produce 1 pound of rice, it has an opportunity cost of 0.5 shirts.
This indicates that India has a comparative advantage in producing rice as it has a lower opportunity cost.
According to this, the answer is that the statement that is true is: India has a comparative advantage in the production of rice.
Vactin Motors, an automobile company, ties individual performance, profits, and other measures of employees' success to a particular form of pay. This form of pay is influential because the amount paid is linked to certain predefined behaviors or outcomes. Which of the following is exemplified in this scenario?
a. Minimum wage
b. Overtime pay
c. Incentive pay
d. Piecework rates
e. Bonus payment
Answer:
c. Incentive pay
Explanation:
The incentive pay is the pay i.e. to be provided when the employee achieved above the target set by the organization. It is the extra earnings for the employer. Also it directly impacts the employer performance which results into the chances of the high percentage that increases the pay of the employer
Therefore according to the given situation, the correct option is c. as it fits to the given scenario.
As part of their _______ roles, managers are expected to evaluate alternatives and make choices to solve problems or take advantage of opportunities.
Answer:
Decisional
Explanation:
Decisional roles in finance, is one of the needed aspect of managerial activity, so it is very important for managers to be up and doing in making sure opportunity are explored for the growth of the organization. It should be noted that As part of their decisional roles, managers are expected to evaluate alternatives and make choices to solve problems or take advantage of opportunities.
Let R2 unrestricted and R2 restricted be 0.4366 and 0.4149 respectively. The difference between the unrestricted and the restricted model is that you have imposed two restrictions. There are 420 observations and three explanatory variables. The F-statistic in this case is:______
a. 4.61
b. 8.01
c. 10.34
d. 7.71
Answer:
8.01
Explanation:
(0.4366 - 0.4149/2)/1 -0.4366/420-3-1
= (0.01085/0.5634)*416
= 8.01
A ratio of two variances is the F-statistic. Variances are a metric for dispersion, or how far the data deviates from the mean.
Correct option is B.
The F-statistic in this case is: 8.01
Given Information:-
R2 unrestricted=0.4366R2 restricted=0.4149Number of observations=420
F-statistic=(0.4366 - 0.4149/2)/1 -0.4366/420-3-1
F-statistic= (0.01085/0.5634)*416
F-statistic= 8.01
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The amount of oil that is economically feasible to extract from a deposit using current technology is known as ______ oil reserves.
Answer: Proven oil reserves
Explanation:
Proven oil reserves are those that humans can extract oil from given our current technological and economic situations.
Under Proven oil reserves there are those that are Proven developed and those that are Proven Underdeveloped. Proven Developed ones can be extracted from as they come from already existing wells. Proven Underdeveloped however would need further investment to get them ready.
Administrative costs include ______. shipping costs and sales commissions executive compensation and public relations costs factory maintenance workers' wages and factory supervisors' salaries sales commissions and factory supervisors' salaries
Answer: Executive compensation and public relations costs
Explanation:
Administration costs are cots that the company does not incur as a result of production, sales or indeed any specific department. They usually relate to the entire organization as a whole and involve the running of the entire company.
Executive compensation is an admin cost as the executives are in charge of coordinating the whole company and cannot necessarily be linked to one department or function.
Public relation costs affect the entire company and so are admin costs as well.
If a stock's market price is above its intrinsic value, then the stock can be thought of as being undervalued, and it would be a good buy. Group of answer choices True False
If a stock's market price is above its intrinsic value, then the stock can be thought of as being undervalued, and it would be a good buy. The given statement is False.
What is the relationship between the intrinsic value and the market value of a stock?Regardless of what the market determines to be its value at a particular time, it has an internal value. Market value is the current worth of a business as represented by its stock price. As a result, the market value could be significantly greater or lower than the intrinsic value.
It is possible to consider a stock to be undervalued and a good investment if its market price is higher than its intrinsic value. The long-term value, or intrinsic value, of the stocks in their companies, is always what managers aim to maximize. Exactly what stockholders want is this.
Thus, the mentioned above-given statement is not true.
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Laura sells two sizes of ice cream: pints and gallons. She earns $3.50 for each pint she sells, and $10 for each gallon. If she earns $20,000 in all by selling 3,300 containers, what percentage of her earnings are from pints
Answer:
60.6%
Explanation:
Let x represent the number of pints sold and y represents the number of gallon sold. She earns $3.50 for each pint she sells, and $10 for each gallon, she earns $20,000 in all by selling 3,300 containers Hence:
3.5x + 10y = 20000 (1)
Also:
x + y = 3300 (2)
We have to solve equation 1 and 2 simultaneously, multiply equation 2 by 3.5 and subtract from equation 1. This gives:
6.5y = 9500
Divide both sides by 6.5
6.5y/6.5 = 8450/6.5
y = 1300
Put y = 1300 in equation 2
x + 1300 = 3300
x = 3300 - 1300
x = 2000
Therefore 2000 pints and 1300 gallons were sold
The percentage of earnings from pints = number of pints sold/ total number sold * 100%
The percentage of earnings from pints = 2000/3300 *100% = 60.6%
The types of job-specific knowledge you need to perform well in a specialized field, known as _______ skills, appear to be most important for first-line managers.
Answer: technical
Explanation:
The types of job-specific knowledge you need to perform well in a specialized field, known as technical skills, appear to be most important for first-line managers.
What is skills?The term skills refer to the person ability and talent that comes to the master own her work. There are the different types of the skills such as communication skills, computer skills and graphic skills. A person is the expert to the particular field are they easily faced the problems and the efficiently performing the work.
According to the skills are the necessary to the person because it's the help to the developed of the knowledge and the experiences. There are the skills are the different types such as technical, computer, reading, listening and the other communication skills. A person was the acquired the skills on school, college, and the past job.
As a result, the job-specific knowledge to perform are the well specialized field.
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Using Google Wallet, consumers can pay for goods in stores. At check out, mobile users simply pass or tap their phone on a merchant terminal and payment is transferred. Users receive an SMS text message confirmation. The Google Wallet and similar payment systems are based on QR code technology. Select one: True False
Answer: False
Explanation: Google wallet and other similar payment methods such as Apple pay involving tapping on a merchant's payment terminal uses Near Field Communication (NFC) technology and not QR technology. Both methods are contactless methods of making payment, however, in the case of QR, it requires customers to simply scan a code similar to a barcode which has been specifically designed by the merchant from their mobile devices with the aid of camera. NFC payments doesn't require scanning a barcode as it only requires authentication by tapping on a merchant's payment system once the devices are close together.
Question 28 A scientist has two solutions, which she has labeled Solution A and Solution B. Each contains salt. She knows that Solution A is salt and Solution B is salt. She wants to obtain ounces of a mixture that is salt. How many ounces of each solution should she use?
Answer:
12 ounces and 28 ounces
Explanation:
Let us assume the ounces of solution A be x
And, for solution B be y
Also
x + y = 40
y = 40 - x
salt in solution A is = 35% of x
salt in solution B is = 85% of y = 85% × ( 40 - x)
salt in the mixture is = 70% of 40 = 28
Now the equation would be
35x ÷ 100 + 85 ÷ 100 × ( 40 - x) = 28
35x + 3,400 - 85x = 2,800
35x - 85x = 2,800 - 3,400
-50x = -600
x = 12 ounces
Also y = 40 - x
= 40 - 12
= 28 ounces
What conflict of interest information must be made available by institutions on a public website or within five business days upon request?
Answer:
The financial conflicts of interest of senior or key personnel on PHS-funded projects.
Explanation:
According to United States of America Public Health Service, institutions are compelled to present a conflict of interest information on a public website or within five business days upon request. his is to assess or to determine if a substantial financial interest is connected or not to an investigator's research and composes a financial conflict of interest.
Hence, the right answer is The financial conflicts of interest of senior or key personnel on PHS-funded projects.
A business organizational form in which all general partners actively participate in ownership and management and are liable for all debt and actions, is called
Answer:
General partnership
Explanation:
General partnership is a business organization, whereby two or more partners agrees to share the profit, loss and liability that arises from business operation. What this means is that each partner actively participate in the operations of the business and should the company owe any debt, any of the partners may be sued for the business debt including seizure of the owners assets.
One of the advantages of general partnership is the ease of flexibility to structure their business as they deemed fit hence are able to closely monitor and control operations.
Candy is trying to decide between two job offers. The compensation package for job A includes a $300-per-month health insurance plan, to which Candy would contribute $95; a $40-per-month life insurance plan; a salary of $65,000 per year; and a 5% match on 401(k) contributions. The compensation package for job B includes a $400-per-month health insurance plan, to which Candy would contribute $105; a $50-per-month life insurance plan; a salary of $64,000 per year; and a 9% match on 401(k) contributions. Candy plans to contribute $8000 per year to her 401(k) plan.
Part 1. What is the yearly value of the health insurance benefit from job A? How about the yearly value of the health insurance benefit from job B?
Part 2. What is the yearly value of the life insurance benefit from job A? How about the yearly value of the life insurance benefit from job B?
Part 3. What is the yearly value of the 401(k) match from job A? How about the yearly value of the 401(k) match from job B?
Answer:
Part 1. Monthly health insurance benefit for job A is $205
Yearly health insurance benefit for job A is $2,460
Monthly health insurance benefit for job B is $295
Yearly health insurance benefit for job B is $3,540
Part 2. The yearly value of the life insurance policy for job A is $480
The yearly value of the life insurance policy for job B is $600
Part 3. The yearly value of the 401 (k) match from job A is $3, 250
The yearly value of the 401 (k) match from job B is $5, 760
Explanation:
Part 1. The health insurance benefit per month for job A = $300 - $95 = $205
The annual health insurance benefit = $205×12 = $2,460
The health insurance benefit per month for job B = $400 - $105 = $295
The annual health insurance benefit = $295×12 = $3,540
Part 2. The monthly life insurance plan for job A = $40
The yearly value of the life insurance policy for job A = $40 × 12 = $480
The monthly life insurance plan for job B = $50
The yearly value of the life insurance policy for job B = $50 × 12 = $600
Part 3. The yearly value of the 401 (k) match from job A = 0.05 × $65,000 = $3, 250
The yearly value of the 401 (k) match from job B = 0.09 × $65,000 = $5, 760
A firm's labor demand curve is typically Group of answer choices downward sloping. associated with a slope equal in absolute value to the slope of the labor supply curve. a vertical line. a horizontal line. upward sloping.
Answer:
downward sloping
Explanation:
A firm's labour demand curve is typically downward sloping as a result of the inverse relationship between wages and the demand for labour. The higher wages are, the lower the demand for labour and the lower wages are, the higher the demand for labour.
Please check the attached image for a graph depicting the downward sloping labor demand curve
Astro Inc., a pharmaceutical company, wants to develop a drug to fight a new virus that is affecting people in Asian countries. To assist its team of doctors in developing the drug, the company hires two scientists who had previously conducted research on the virus. The company intends to use their expertise on the subject to create the drug. In the given scenario, Astro Inc. has most likely hired _____.
Answer:
Knowledge worker
Explanation:
Knowledge worker indicates the specification in a particular field. It also refers that when a person does a specific task, shows the speciality in it.
Therefore according to the given scenario Asian countries is affecting with a virus and a pharmaceutical company want to create a drug with the help of scientists who already research on the virus. Here, the company will use their expertise so that they can create the drug which indicates the knowledge worker.
To validate the study, the supervisors call ________ of the respondents to inquire whether the field workers actually conducted the interviews.
Answer:
10 to 25 percent
Explanation:
It is noteworthy that in such research work, in other to validate the study, the supervisors are usually required to call 10 to 25 percent of the respondents to inquire whether the field workers actually conducted interviews.
Remember, if such control policies are not in place, the field workers may not be performimg their duties, that is why the supervisors make such calls to monitor the field workers performance.
The making of the movie Waterworld cost a total of $180 million. It generated a total of $130 million in revenues. $70 million was spent and then the set sank. An additional $60 million was spent to rebuild the set. An additional $50 million was spent to finish the movie. Losses for the producers of Waterworld, if they finished the movie would be _____. If they did not finish the movie, losses would be _____.
Answer:
Losses for the producers of Waterworld, if they finished the movie would be $50 million. If they did not finish the movie, losses would be $130 million.
Explanation:
This is because, the difference between all their expenses in making the movie and the revenue generated is actually $50 million. This happens to be their losses while on the other-hand, if they didn't finish making the movie, it would be $130 million (aside the cost spent in finishing the movie after rebuilding the set)
Budgeting competency requires the ability to:__________
a. Define the production system
b. Quantify expected operations in dollars
c. Analyze actual results considering the budget to determine where costs were better or worse than expected
d. All of the above
Answer:
d. All of the above
Explanation:
A budget can be defined as a financial plan of estimated revenues, resources and expenses over a specific period of time in a particular country. It is usually reevaluated based on future plans and objectives periodically, typically on an annual basis. Thus, budgets are usually compiled, analyzed and re-evaluated on periodic basis.
Budgeting competency requires the ability to:
a. Define the production system.
b. Quantify expected operations in dollars.
c. Analyze actual results considering the budget to determine where costs were better or worse than expected.
Additionally, the first step of the budgeting process is to prepare a list of each type of income and expense that will be part of the budget.
The final step by the management of an organization in the financial decision making process is making necessary adjustments to the budget.
The benefits of having a budget is that it aids in setting goals, earmarking revenues and resources, measuring outcomes and planning against contingencies.
When buyers buy goods in a market they are doing so because A. They choose the efficient allocation. B. They do not like the other good C. They value those goods at least as much as the price charged. D. A and B above. E. All of the above.
Answer:
C. They value those goods at least as much as the price charged.
Explanation:
When buyers buy goods in a market they are doing so because they value those goods at least as much as the price charged and obviously prefer the particular good (product) to the other which is being offered by the seller.
This ultimately implies that, when anyone buys a new product, it is simply because they feel the product is going to give them value for the price or amount of money being paid.
Determine which of the four levels of measurement (nominal, ordinal, interval, ratio) is most appropriate for the data below. types of restaurants left parenthesis fast food comma organic food comma sea food comma etc. right parenthesis
Answer:
Using the four levels of measurement (nominal, ordinal, interval, ratio), the most appropriate for this data "types of restaurants (fast food, organic food, seafood, etc.) measurement is the ratio.
Explanation:
Ratio defines the degree of the relationship between some types of restaurants and the whole restaurant system. Specifically in mathematics, a ratio is a comparison of some two or more numbers that indicate their sizes in relation to each other. It compares two quantities by division. The dividend or number being divided is termed the antecedent. The divisor or the number that is dividing the dividend is termed the consequent.
In the _______ step of cluster analysis, we use descriptor variables to explain how the subsamples differ and thereby can derive efficient targeting strategies, tailored to each subsample.
Answer:
Description
Explanation:
The cluster analysis refer to an activity in which there is a group of objectives set that shows the objects in the similar group that we called as a cluster
Here in the given situation, it is mentioned that the use of descriptor variables is used for cluster analysis in order to make a difference in sub samples
So here the description step is used in cluster analysis
Therefore the third option is correct
Management's greatest single concern is ________, which is the movement of money through an organization over a daily, weekly, monthly, or yearly basis.
The movement of money through an organisation over a a daily, weekly, monthly, or yearly basis.
Answer: Cash Flow
Explanation:
The neoclassical view holds that long-term expansion of potential GDP due to _______________________ will determine ____________________.
Answer:
1. economic growth;
2. the size of the economy
Explanation:
According to the neoclassical standpoint on issues relating to macroeconomics, it is believed that, over a long period of time, the economy will vary around its potential GDP and its natural rate of unemployment.
Therefore, the size of the economy is defined by potential GDP, and wages and prices will adjust in an intelligent manner so that the economy will move back to its potential GDP level of output.
Hence, The neoclassical view holds that long-term expansion of potential GDP due to ECONOMIC GROWTH will determine THE SIZE OF THE ECONOMY