In the case of a normal good, the consumer will decrease the consumption of a good when its price rises. This is because both income and substitution effects are unidirectional in this case.
When the price of an inferior good falls, the substitution effect contributes to an increase in the quantity demanded, and the income effect opposes the substitution effect.
Explain how using a credit card can be similar to
getting an interest free loan
Answer: Credit cards can easily work as a short-term loan, but cards that offer 0% APR for a limited time have the potential to be “free.” The key to using a credit card as an interest-free loan is making sure you can pay every cent of your balance off before your card's introductory offer ends.
Explanation:
why it is so difficult to compare unemployment rates in the United States with unemployment rates in poorer countries?
Answer: unemployment rate depends solely on the size of labor force and every country has different labor force sizes.
Explanation: https://coursepivot.com/tutor-answers/which-of-the-following-helps-explain-why-it-is-so-difficult-to-compare-unemployment-rates-in-the-united-states-with-unemployment-rates-in-poorer-countriesselect-the-correct-answer-below/#:~:text=Cross-country%20comparisons%20of%20unemployment%20rates%20is%20difficult%20to,and%20every%20country%20has%20different%20labor%20force%20sizes.
Explain how the Halloween holiday is related to economics.
Identify and analyze various factors which affect organizational design/ structure of an organization.
Answer:
There are five factors that greatly impact organizational design: strategy, environment, technology, size and life cycle, and culture.
Explanation:
What might Sony and the U.S. government done differently to discourage future such attacks on other U.S. organizations
There are different things Sony and the U.S. government might do differently to discourage future attacks on other U.S. organizations. Some of the things to do include "carrying out situational awareness of the networks."
Other things they might need to do includes the following:
Training and educating their personnel.Sony and U.S. government need to cooperate on cyber security.Identify and share cyber information relating to threats and attacks among companies and international organizations.There should be legislation to safeguard the stakeholders involved in protecting cyberspace from violating privacy and civil liberties when conducting their work.Hence, in this case, it is concluded that there are various credible means Sony and the U.S. government might discourage future attacks.
Learn more here: https://brainly.com/question/15668437
List any 5 prohibited activities during foreign employment.
Answer:
Some of the things that those who work abroad cannot do are:
1) Vote for a political candidate from that country.
2) Receive benefits from a public health provider.
3) You cannot practice in some cases the profession in which you worked in your native country, until you can obtain the certificate of studies updated to the standards of the country in which you now live.
4) You cannot access, in some cases, bank credit benefits
5) Take some additional type of training until you obtain all the legal and updated permits from the company where you now work.
You can find more information in this link:
https://brainly.com/question/24643683
Explanation:
I hope this helps!
The following items were selected from among the transactions completed by Sherwood Co. during the current year:
Mar. 1 Purchased merchandise on account from Kirkwood Co., $225,000, terms n/30.
31 Issued a 30-day, 8% note for $225,000 to Kirkwood Co., on account.
Apr. 30 Paid Kirkwood Co. the amount owed on the note of March 31.
Jun. 1 Borrowed $600,000 from Triple Creek Bank, issuing a 45-day, 6% note.
Jul. 1 Purchased tools by issuing a $50,000, 60-day note to Poulin Co., which discounted the note at the rate of 6%.
16 Paid Triple Creek Bank the interest due on the note of June 1 and renewed the loan by issuing a new 30-day, 7% note for $600,000. (Journalize both the debit and credit to the notes payable account.)
Aug. 15 Paid Triple Creek Bank the amount due on the note of July 16.
30 Paid Poulin Co. the amount due on the note of July 1.
Dec. 1 Purchased equipment from Greenwood Co. for $280,000, paying $80,000 cash and issuing a series of ten 9% notes for $20,000 each, coming due at 30-day intervals.
22 Settled a product liability lawsuit with a customer for $40,000, payable in January. Accrued the loss in a litigation claims payable account.
31 Paid the amount due to Greenwood Co. on the first note in the series issued on December 1.
Required:
1. Journalize the transactions. Refer to the Chart of Accounts for exact wording of account titles. Assume a 360-day year.
2. Journalize the adjusting entry for each of the following accrued expenses at the end of the current year (refer to the Chart of Accounts for exact wording of account titles):
a. Product warranty cost, $65,000.
b. Interest on the nine remaining notes owed to Greenwood Co. Assume a 360-day year.
Completing the recording of the transactions in Sherwood Co. is as follows:
Mar. 1 Debit Inventory $225,000
Credit Accounts Payable (Kirkwood Co.) $225,000
To record the purchase of goods on account, terms n/30.Mar. 31 Debit Accounts Payable (Kirkwood Co.) $225,000
Credit Notes Payable (Kirkwood) $225,000
To record the issuance of a 30-day, 8% note on account.
Apr. 30 Debit Notes Payable (Kirkwood) $225,000
Debit Interest Expense $1,500
Credit Cash $226,500
To record payment on note payable with interest.Jun. 1 Debit Cash $600,000
Credit 6% Notes Payable (Triple Creek Bank) $600,000
To record loan from bank on a 45-day, 6% note.Jul. 1 Debit Equipment $50,000
Credit Notes Payable (Poulin Co.) $50,000
To record purchase of tools with 60-day note.
Jul. 16 Debit Interest Expense $4,500
Credit Cash $4,500
To record the payment of interest expense.Debit 6% Notes Payable (Triple Creek Bank) $600,000
Credit 7% Notes Payable (Triple Creek Bank) $600,000
To record the renewal of notes payable with 7% notes.Aug. 15 Debit 7% Notes Payable (Triple Creek Bank) $600,000
Debit Interest Expense $3,500
Credit Cash $603,500
To record payment on account with interest.Aug. 30 Debit Notes Payable (Poulin Co.) $50,000
Credit Cash $50,000
To record payment on account.Dec. 1 Debit Equipment $280,000
Credit 9% Notes Payable $200,000 (Greenwood Co.)
Credit Cash $80,000
To record the purchase of equipment with notes and cash.
Dec. 22 Debit Litigation Loss $40,000
Credit Litigation Claims Payable $40,000
To record the settlement of a product liability lawsuit.Dec. 31 Debit Notes Payable (Greenwood Co.) $20,000
Debit Interest Expense $1,500
Credit Cash $21,500
To record first payment on account with interest.Adjustments:
a. Debit Product Warranty Expense $65,000
Credit Warranty Liability $65,000
To record product warranty expense.b. Debit Interest Expense $13,500
Credit Interest Payable $13,500
To accrue interest for the nine remaining notes.Data Analysis:
Mar. 1 Inventory $225,000 Accounts Payable (Kirkwood Co.) $225,000 terms n/30.
Mar. 31 Accounts Payable (Kirkwood Co.) $225,000 Notes Payable (Kirkwood) $225,000 30-day, 8% note
Apr. 30 Notes Payable (Kirkwood) $225,000 Interest Expense $1,500 Cash $226,500
Jun. 1 Cash $600,000 6% Notes Payable (Triple Creek Bank) $600,000
a 45-day, 6% note.
Jul. 1 Equipment $50,000 Notes Payable (Poulin Co.) $50,000
60-day note to Poulin Co., which discounted the note at the rate of 6%.
Jul. 16 Interest Expense $4,500 Cash $4,500 7% Notes Payable (Triple Creek Bank) $600,000 6% Notes Payable (Triple Creek Bank) $600,000
Aug. 15 7% Notes Payable (Triple Creek Bank) $600,000 Interest Expense $3,500 Cash $603,500
Aug. 30 Notes Payable (Poulin Co.) $50,000 Cash $50,000
Dec. 1 Equipment $280,000 9% Notes Payable $200,000 (Greenwood Co.) Cash $80,000
Dec. 22 Litigation Loss $40,000 Litigation Claims Payable $40,000
Dec. 31 Notes Payable (Greenwood Co.) $20,000 Interest Expense $1,500 Cash $21,500
Adjustments:
a. Product Warranty Expense $65,000 Warranty Liability $65,000
b. Interest Expense $13,500 Interest Payable $13,500
Learn more: https://brainly.com/question/23794037
Will give Brainlist if answer is correct with explanation and quick!!!
According to the box, Online Grocery Shopping, what is Amazon's greatest challenge when it comes to competing against companies offering curbside pickup for online grocery orders at Walmart and Kroger?
A) figuring out the most efficient ways to get groceries to customers' homes
B) figuring out which local grocery stores to buy AmazonFresh products from
C) figuring out where to set up curbside pickups at Amazon distribution centers
D) figuring out where to build Amazon grocery stores around the U.S.
The greatest challenge that Amazon faces from Walmart and Kroger, which offer curbside pickup of online groceries, is C. figuring out where to set up curbside pickups at Amazon distribution centers.
With Amazon's giant online presence and performance, it can dominate the online grocery market. However, it has Walmart and Kroger to contend with because these have developed curbside pickups for online grocery orders.
The above statement implies that Amazon does not have a problem figuring out the best delivery means, the local grocery stores to buy products from, or the locations to build Amazon grocery stores.
Thus, the challenge that Amazon faces from Walmart and Kroger is Option C.
Learn more: https://brainly.com/question/21572257
which one of the following statement is false in respect of public law ?
A public law determines of state authority
b constitutional is a brach of public law
c relationship between the state and members of public are always equal
Answer:
The correct answer is C!
Explanation:
What is defined as the human response to overstimulation?
Answer:
In essence, stress is the human body's response to overstress.
Explanation:
During stress, the human body produces the hormone adrenaline, which makes you look for a way out. Stress in small amounts is necessary for everyone, because it makes us think, look for a way out of the problem, and in this case it has a positive value. But on the other hand, if stress becomes too much, the body becomes weaker, loses strength, the ability to solve problems and can cause serious illness.
Answer:
What is the definition of overstimulation?
English Language Learners Definition of overstimulate
: to cause (someone or something) to become too active or excited : to stimulate (someone or something) too much. See the full definition for overstimulate in the English Language Learners Dictionary. More from Merriam-Webster on overstimulate
A jeans maker is designing a new line of jeans. These jeans will sell for $410 per unit and cost $328 per unit in variable costs to make. Fixed costs total $120,000. The contribution margin ratio is:
Based on the fixed costs and the variable costs, the contribution margin ratio is 20%.
The Contribution margin is calculated as:
= Selling price - Variable costs
= 410 - 328
= $82
The Contribution margin ratio is:
= Contribution margin / Selling price
= 82 / 410 x 100%
= 20%
In conclusion, the contribution margin ratio is 20%.
Find out more at https://brainly.com/question/15351788.
16660 kronas how much is this in us dollars
Answer: 1,900.05 United States Dollar
Explanation:
Discuss the difference between the income statement of Variable and absorption costing.
An economy has two workers, Anne and Bill. Per day of work, Anne can pick 30 apples or 120 bananas, and Bill can pick 40 apples or 40 bananas. Anne and Bill each work 200 days per year. a. Anne's opportunity cost of picking one more apple is . Bill's opportunity cost of picking one more apple is . has a comparative advantage in apple picking. has an absolute advantage in apple picking.
Opportunity Cost is the opportunity or cost lost because another product or commodity is chosen.
Comparative advantage is when a person or entity gives up a lower opportunity cost for the same product or thing compared to the other person or entity.
Absolute advantage means when a person can produce or do more of a thing then the other person.
Anne's opportunity cost of picking an apple is 4 bananas.
Bill's Opportunity cost of picking an apple is 1 banana.
Bill has a comparative advantage of picking an apple.
Bill has an absolute advantage of picking an apple
Anne can pick 30 apples and 120 bananas.
It means if she picks an apple she will have to leave out 4 bananas.
Her opportunity cost of picking an apple is 4 bananas.
Similarly Bill has to give up 1 banana to pick another apple.
Bill's Opportunity cost of picking an apple is 1 banana.
Anne's opportunity cost of picking an apple is 4 bananas.
Bill has a comparative advantage of picking an apple because he will have to leave out only 1 banana as compared to Anne who has to leave out picking 4 bananas .
Anne's opportunity cost of picking a banana is 1/4 apples.
Bill's Opportunity cost of picking a banana is 1 apple.
Bill has an absolute advantage of picking an apple because he can pick more apples (40× 200= 8000) as compared to Anne who can pick less apples in the given number of days (30× 200= 6000) if resources are fixed.
https://brainly.com/question/15728547
https://brainly.com/question/22567347
https://brainly.com/question/17863780
What is known as assets?
The business case for why companies should act in a socially responsible manner includes such reasons as
What is distinctive about double-entry accounting?
A.
It tracks both income and expenses in the same place.
B.
Each piece of information is recorded in at least 2 accounts.
C.
Two copies are made of each record for safety.
D.
Two users must verify the accuracy of each entry.
Answer:
the answer to your question is d
What is important team leaders training
Answer:
Team Leadership is a skills-based, practical training program that can be delivered face-to-face, virtually, or online. It's designed to give your team leaders the process, tools, and leadership skills they need to empower team members, improve productivity, and increase the success of your team initiatives.
Most people do not select a place of residence based on: A. lifestyle B. needs C. values. D.attitudes E. credit score
It is generally uncommon for people to decide a place of residence based on E. credit score
When people look for places to stay, they think about their:
Lifestyle and what house it suits that Their needs from a place Their values and whether the place would support them Attitudes towards what kind of place they should livePeople only think about the credit score when it comes to paying the rent of the place or being able to buy it. It is generally not a factor when selecting a place of residence initially.
In conclusion, most people do not select residence based on credit score.
Find out more at https://brainly.com/question/19435264.
Price is: always expressed in the United States in dollars and cents based on the expected value you will receive from your purchase based on the actual perception you will receive from your product also called revenue accurately described by none of the above
Considering the general market situation, Price is "always expressed in the United States in dollars and cents."
This can be proven by trying to make a purchase anywhere in the country.
The price of products is listed in dollars and cents. As such, the buyers would know the price of a product before making a purchase.
The other options are wrong because the price is not based on the expected value to receive and not on the actual perception.
Instead, Price is what the sellers feel is suitable for him, and it is expressed in dollars and cents.
Hence, in this case, the correct answer is option A. "always expressed in the United States in dollars and cents."
Learn more here: https://brainly.com/question/23101059
You have recently been promoted to General Manager at Creekview Lodge, a 50 room hotel in Gatlinburg, Tennessee. You started working at the lodge in high school in the restaurant and after college, returned to Creekview as one of the assistant managers before being promoted to hotel manager. Recently, a 200-room hotel opened not far from Creekview Lodge, and although Creekview still maintains near 100% capacity there has been quite a bit of turnover. More than ten employees left to work for the larger hotel which boasted higher pay and better health insurance.
You were informed this morning by the front desk team that the latest customer survey results show a drop in the satisfaction rating for guest room cleanliness. The current report indicates that 73% of guests responded "completely satisfied", 12% responded "satisfied", 10% responded "neither satisfied nor unsatisfied", and 5% responded "unsatisfied." The housekeeping staff lost four employees to the new hotel, so although disappointed, you aren’t surprised by this news. Still, you could not remember a time that the hotel had received such a low satisfaction rating.
As manager of Creekview Lodge, what is your next step in addressing the problem?
a. Take immediate action and require that all rooms be inspected by the hotel manager (you) or an assistant manager before being made available to customers
b. Review the standards of performance and compare to current performance
As the manager of Creekview Lodge, the next step will simply be to B. Review the standards of performance and compare them to current performance.
From the information given, it was stated that the latest customer survey results show a drop in the satisfaction rating for guest room cleanliness and that several staffs were lost to other companies.
Therefore, it's important to review the standards of performance and compare them to current performance. This will be vital in understanding the various issues that are affecting the company and then addressing them accordingly.
Read related link on:
https://brainly.com/question/25715510
What is one reason to connect to the same file several time?
Answer:
You want to make sure you have all the data. You want to separate data from the file to create lookup tables.
One reason to connect to the same file several time is that you want to separate data from from the file to create lookup tables.
What are lookup tables?"A lookup table is an array of data that maps input values to output values, thereby approximating a mathematical function. Given a set of input values, a lookup operation retrieves the corresponding output values from the table. If the lookup table does not explicitly define the input values, Simulink can estimate an output value using interpolation, extrapolation, or rounding, where: an interpolation is a process for estimating values that lie between known data points."
" An extrapolation is a process for estimating values that lie beyond the range of known data points. A rounding is a process for approximating a value by altering its digits according to a known rule. A lookup table block uses an array of data to map input values to output values, approximating a mathematical function. Given input values, Simulink performs a “lookup” operation to retrieve the corresponding output values from the table. If the lookup table does not define the input values, the block estimates the output values based on nearby table values."
What is data?"Data are individual facts, statistics, or items of information, often numeric. In a more technical sense, data are a set of values of qualitative or quantitative variables about one or more persons or objects, while a datum is a single value of a single variable."
To learn more about data here
https://brainly.com/question/13650923
#SPJ3
A firm has a weighted average cost of capital of 11.68 percent and a cost of equity of 15.5 percent. The debt-equity ratio is 0.65. There are no taxes. What is the firm's cost of debt
The firms Cost of Debt is 9.62%.
Data and Calculations:
Weighted average cost of capital = 11.68%
Cost of equity = 15.5%
Debt-Equity Ratio = 0.65
Without taxes, the firm's Weighted Cost of Debt (WACC) = WACC - Weighted Cost of Equity
= 11.68% - (15.5% (1 - 0.65)
= 11.68% - 5.425%
= 6.255%
Unweighted cost of debt = 6.255%/0.65
= 9.62%
Thus, the firm's cost of debt is 9.62% while the weighted cost of debt is 6.255%.
Learn more: https://brainly.com/question/23044852
The general message of the full disclosure principle is that: a. information is symmetric. b. information is costly to fake. c. producers should offer lifetime warranties for low quality products. d. the lack of evidence that something resides in a favored category will often suggest that it belongs to a less favored one.
Based on financial and accounting principles, the general message of the full disclosure principle is that "the lack of evidence that something resides in a favored category will often suggest that it belongs to a less favored one."
This is because the full disclosure principle state that all information should be documented in a company or individual financial statements which are believed to affect a reader's knowledge of that specific financial statement.
This ensures that every party that needs to access the financial statements under concern should fully understand them without missing any form of information.
Otherwise, any missing link or information will be ruled in favor of the less favored party in a legal situation.
Hence, in this case, it is concluded that the correct answer is option D.
Learn more here: https://brainly.com/question/24280368
4. Will Juan Carlos meet his $4,000 goal for every year in college with this plan? Explain your .
With this plan, Juan Carlos will not meet his goal because with this plan he can save only $2400.
Based on the information about the plan, let's calculate how much will Juan Carlos save.
Important information:
Money Juan Carlos saves per hour: $10 Number of hours per week: 20 hoursTotal of money every week: $200We also know he will work during the summer that is 12 weeks.
$200 x 12 weeks = $2400
This means the total of money he can save is $2400 and therefore he can't save $4000 by using that plan.
Note: This question is incomplete because information about the plan is missing, here is the missing information.
Juan Carlos words 20 hours/week during the summer, 0 hours/week during the school year, but saves 100% of his income.There are 40 weeks in a school year and 12 weeks of summer. Assum Juan Carlos makes $10/hrLearn more in: https://brainly.com/question/25192498
How can a bank help Millennial and Gen Z consumers plan to start a family?
A bank can help Millennial and Gen Z consumers to plan to start a family by:
Giving out mortgage loans to themAccording to the given question, we are asked to show the role a bank can play in helping Millennials and Gen Z generations to start their own family.
As a result of this, we can see that Millennials are people who are considered to be within the age bracket of 25-40, while Gen Z are people who are considered to have been born during the social media and internet age and are usually between the ages of 24 and below.
With this in mind, Millennials have likely started up their own family and the Gen Z are likely just coming out of college. Hence, a bank can help both generations to start up their family by giving them mortgage loans and other financial benefits.
Read more here:
https://brainly.com/question/21953479
Suppose some banks decide to increase their holdings of excess reserves relative to deposits. Ceteris paribus, this action will put _______ pressure on the money supply, and to reduce the impact of this action the Fed could _______.
The action of the bank will put decreased pressure on the money supply, and to reduce the impact of this action, the Fed could decrease the discount rate.
Basically, a decrease in discount rate will make it easy and cheaper for commercial banks to borrow money from Federal Reserve System and thus, results to increase in available credit and lending in the economy
Therefore, if the commercial banks decide to increase their holdings of excess reserves supposed to be remitted to Feds, then, this will put decreased pressure on the money supply, and the Fed would act by decreasing the discount rate.
Read more about this here
brainly.com/question/20023706
Which items are on both the balance sheet and the statement of owner's equity?
Question 17 options:
Capital
Additional owner's investments
Net loss
Owner's withdrawals
Answer:
Additional Owners Investment
Explanation:
You can find some clues, the word "additional" and the word "owner's."
Hope it helps.
The short-run aggregate supply curve will decrease if:
Hi there!
The short-run aggregate supply curve can shift left (decrease) as a result of:
Increases in Input or Commodity Costs:
- Ex 1: If nominal wages increase, businesses will have to pay workers greater amounts of money, meaning that employing workers is more expensive.
- Ex 2: If the price of commodities go up (such as steel, oil, etc.), businesses will have to pay more to produce goods, decreasing supply.
Increase in government regulations:
- Ex 1: If government regulations are increased for limiting fossil fuel usage, many industries will experience a decrease in productivity, shifting the supply curve left.
Increase in business taxes:
- Ex 1: If the government increases taxes on businesses, businesses will have to divert money that could have been spent on materials, labor, etc. and pay government taxes. This results in a decrease in aggregate supply.
There are many other reasons for the SRAS curve to shift, but these are some of the main ones.
A plan that forecasts future expenses and helps the company to effectively
meet those expenses is called a…………………….
Marketing plan
Business plan
budget
Financial plan
Answer:
budget
Explanation:
I don't knowwwwwwweeeeeeeeeeeee