Answers
Answer:
$75
Explanation:
A perfect competition is characterised by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
The price per unit = $300 / 60 = $5
The marginal revenue for one unit is $5
Production increased by 15 units, so marginal revenue increased by $5 × 15 = $75
I hope my answer helps you
Related Questions
How does the business environment influence the process of Business enterprise in Nigeria.
Answers
Answer:
It affects the decisions, strategies, process and performance of the business.
5 ways that bussiness bulid relationships with customers
Answers
Answer:
How to Build Strong Customer Relationships
Write killer emails.
Embrace pathological empathy.
Blow away their customer service expectations.
Seek feedback and show you genuinely care.
Be consistent and timely in your interactions.
Establish trust.
Reward loyalty.
Explanation:
Answer:
Communicate
Exceed expectations
Ask for feedback
Connect
Show appreciation
Explanation:
As a student of Business Ethics and a managing director of a multinational company, discuss five (5) factors you will consider in managing the multi-cultural and diversified workforce in Ghanaian business organizations.
Answers
Communication, ethics, conflict management, learning, and inclusion are some issues to consider when leading a multicultural and diversified workforce in Ghanaian business organizations.
How do you lead a multicultural team?In order to foster a culture that celebrates variety and individuality, it is crucial that there be a number of rules and procedures that concentrate on organizational ethics. The manager must be aware of the requirements of the teams, encourage learning, and include the staff in organizational procedures.
Therefore, the sharing of knowledge, learning, and creativity can benefit from a diverse culture.
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what is commercial bank? in your own words.
Answers
Explain how utility could be used in a decision where performance is not measured by monetary value
Answers
Utility can be applied in decision-making situations where performance is not solely measured by monetary value.
Utility is a concept that can be used in decision-making scenarios where performance or outcomes are not solely measured by monetary value.
Utility refers to the satisfaction, well-being, or value that an individual derives from a particular outcome or alternative. It provides a framework for decision-makers to consider non-monetary factors and subjective preferences.
In situations where performance is not easily quantifiable in monetary terms, utility can be used to assign subjective values or preferences to different outcomes. Decision-makers can assess the potential utility or satisfaction associated with each alternative and choose the option that maximizes overall utility.
For example, let's consider a decision regarding the selection of a vacation destination. The performance in this case is not directly measured by monetary value, but rather by the level of enjoyment and personal preferences.
Utility theory can be applied by evaluating the potential utility associated with each destination based on factors such as climate, cultural experiences, outdoor activities, and personal interests. Decision-makers can assign subjective values or rankings to these factors and consider their individual utility weights.
By considering utility, decision-makers can make choices that align with their personal preferences and maximize their overall satisfaction or well-being. They may prioritize destinations that offer experiences they value the most, even if it comes at a higher cost or involves trade-offs with other factors.
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as discussed in the case and the text, w. l. gore and zappos adopted new organizational structures during periods of growth. in general, most firms follow a predictable pattern of structural change. which of the following best exemplifies this pattern?
Answers
Therefore option A is the correct choice.
Structures ranging from basic to practical to multi-divisional
A company's organizational structure describes how tasks are distributed within it to help it accomplish its objectives.
As a business expands, it often goes through several structural phases that are appropriate for its size and help it achieve its objectives more effectively.
The Simple Structure, which is frequently used in smaller enterprises, is where they usually begin. Here, the owner is at the centre of most choices. As the business's only proprietor, the owner is responsible for practically all innovation.
They transition to a functional structure as the business expands. The firm will then be organised according to functions to promote greater specialisation and labour divisions. IT departments, marketing departments, production departments, etc. are a few examples of division by function.
Multidivisional Structures come into play if the firm decides it is best to specialise even further as a result of the continued expansion. In a multidivisonal structure, the business separates into many divisions while retaining a parent organisation. Although the Divisions are highly autonomous and seek various objectives and goods, they are all governed by the main in corporation.
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Note: The complete question would be as bellow,
As discussed in the case and the text, W. L. Gore and Zappos adopted new organizational structures during periods of growth. In general, most firms follow a predictable pattern of structural change. Which of the following best exemplifies this pattern?a. Simple to functional to multidivisional structures
b. Ambidextrous to functional to matrix structures
c. Functional to simple to matrix structures
d. Global to functional to multidivisional structures
e. Simple to matrix to functional structures
Keyser Mining is considering a project that will require the purchase of $980,000 in new equipment. The equipment will be depreciated straight-line to a zero book value over the 7-year life of the project. The equipment can be scraped at the end of the project for 5 percent of its original cost. Annual sales from this project are estimated at $420,000. Net working capital equal to 20 percent of sales will be required to support the project. All of the net working capital will be recouped. The required return is 16 percent and the tax rate is 35 percent. What is the amount of the after-tax salvage value of the equipment?
A. $17,150
B. $31,850
C. $118,800
D. $237,600
E. $343,000
Answers
The amount of the after-tax salvage value of the equipment is $31,850. Option B
How to find the amount of the after-tax salvage value of the equipment?To determine the after-tax salvage value of the equipment, we need to calculate the salvage value at the end of the project and then apply the tax rate.
Therefore, the salvage value is:
Salvage Value = 5% of $980,000
= 0.05 * $980,000
= $49,000
The tax rate is given as 35 percent, so we can calculate the after-tax salvage value as:
After-Tax Salvage Value = Salvage Value - Tax on Gain
= $49,000 - (Tax Rate * Gain)
= $49,000 - (0.35 * $49,000)
= $49,000 - $17,150
= $31,850
Therefore, the amount of the after-tax salvage value of the equipment is $31,850.
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Journalize the below entries.
Jul. 2 Sold merchandise inventory on credit, terms n/30, to Intelimate, Inc., $1,900 (cost, $300).
Jul. 3 Sold office supplies to an employee at cost, $55, receiving cash.
Jul. 7 Cash sales for the week totaled $2,100 (cost, $1,640).
Jul. 9 Sold merchandise inventory on account, terms n/30, to A. C. Malloy, $7,000 (cost, $5,600).
Jul. 10 Sold land that cost $11,000 for cash of the same amount.
Jul. 11 Sold merchandise inventory on account, terms n/30, to Super Electric, $5,300 (cost, $3,520).
Jul. 12 Received cash from Intelimate in full settlement of its account receivable from July 2.
Jul. 14 Cash sales for the week were $2,200 (cost, $1,600).
Jul. 15 Sold merchandise inventory on credit, terms n/30, to the partnership of Westin
Answers
Answer:
Journal Entries:
Jul. 2 Debit Accounts Receivable (Intelimate, Inc.) $1,900
Credit Sales Revenue $1,900
To record the sales on credit, terms n/30
Debit Cost of goods sold $300
Credit Inventory $300
To record the cost of goods sold.
Jul. 3 Debit Cash $55
Credit Office supplies $55
To record the sale of office supplies to a staff.
Jul. 7 Debit Cash $2,100
Credit Sales Revenue $2,100
To record a cash sale.
Debit Cost of goods sold $1,640
Credit Inventory $1,640
To record the cost of goods sold.
Jul. 9 Debit Accounts Receivable (A.C. Malloy) $7,000
Credit Sales Revenue $7,000
To record the sale of goods on account, terms n/30
Debit Cost of goods sold $5,600
Credit Inventory $5,600
To record the cost of goods sold.
Jul. 10 Debit Cash $11,000
Credit Land $11,000
To record the sale of land for cash.
Jul. 11 Debit Accounts Receivable (Super Electric) $5,300
Credit Sales Revenue $5,300
To record the sale of goods on account, terms n/30
Debit Cost of goods sold $3,520
Credit Inventory $3,520
To record the cost of goods sold.
Jul. 12 Debit Cash $1,900
Credit Accounts Receivable (Intelimate, Inc.) $1,900
To record the receipt of cash in full settlement.
Jul. 14 Debit Cash $2,200
Credit Sales Revenue $2,200
To record the sale of goods for cash.
Debit Cost of goods sold $1,600
Credit Inventory $1,600
To record the cost of goods sold.
Jul. 15 Debit Accounts Receivable (Westin Partnership) $5,000
Credit Sales Revenue $5,000
To record the sale of goods on credit, terms n/30
Debit Cost of goods sold $3,000
Credit Inventory $3,000
To record the cost of goods sold.
Explanation:
a) Data and Analysis:
Jul. 2 Accounts Receivable (Intelimate, Inc.) $1,900 Sales Revenue $1,900 on credit, terms n/30
Cost of goods sold $300 Inventory $300
Jul. 3 Cash $55 Office supplies $55
Jul. 7 Cash $2,100 Sales Revenue $2,100
Cost of goods sold $1,640 Inventory $1,640
Jul. 9 Accounts Receivable (A.C. Malloy) $7,000 Sales Revenue $7,000 on account, terms n/30 Cost of goods sold $5,600 Inventory $5,600
Jul. 10 Cash $11,000 Land $11,000
Jul. 11 Accounts Receivable (Super Electric) $5,300 Sales Revenue $5,300 on account, terms n/30
Cost of goods sold $3,520 Inventory $3,520
Jul. 12 Cash $1,900 Accounts Receivable (Intelimate, Inc.) $1,900
Jul. 14 Cash $2,200 Sales Revenue $2,200
Cost of goods sold $1,600 Inventory $1,600
Jul. 15 Accounts Receivable (Westin Partnership) $5,000 Sales Revenue $5,000 on credit, terms n/30
Cost of goods sold $3,000 Inventory $3,000 ($5,000 and $3,000 imagined).
Amber Corporation reported the following summarized balance sheet data on December 31, 20X6:
Assets $600,000 Liabilities $100,000
Common Stock 300,000 Retained Earnings 200,000
Total $600,000 Total $600,000
On January 1, 20X7, Purple Company acquired 100 percent of Amber’s stock for $500,000. At the acquisition date, the book values and fair values of Amber’s assets and liabilities were equal. Amber reported net income of $50,000 for 20X7 and paid dividends of $20,000.
Required:
A. Give the journal entries recorded by Purple on its books during 20X7 if it accounts for its investment in Amber using the equity method.
B. Give the elimination entries needed on December 31, 20X7, to prepare consolidated financial statements.
Answers
Answer:
A. Give the journal entries recorded by Purple on its books during 20X7 if it accounts for its investment in Amber using the equity method.
January 1, 20x7, investment on Amber Corporation
Dr Investment on Amber Corporation 500,000
Cr Cash 500,000
Date, 20x7, dividends distributed by Amber Corporation
Dr Cash 20,000
Cr Investment on Amber Corporation 20,000
December 31, 20x7, Amber Corporation reports net income
Dr Investment on Amber Corporation 50,000
Cr Investment revenue 50,000
B. Give the elimination entries needed on December 31, 20X7, to prepare consolidated financial statements.
Since there are no intercompany sales reported, the only consolidation entry necessary is to eliminate investment account:
December 31, 20x7, consolidation entry
Dr Common stock 300,000
Dr Retained earnings 230,000
Cr Investment on Amber Corporation 530,000
Which of the following can help you improve your information technology skills?
O A. Determining the ethical implications of decisions
B. Accessing and interpreting data
O C. Using word-processing apps, spreadsheets, and presentation software
OD. Working with classmates on reports and presentations
O E. Forming judgements and making decisions about situations and circumstances
Answers
Answer:a
Explanation:
The statement "Measurement of ethical decision implications" is correct.
The information regarding the information technology skills is as follows:
It is the technical skills that are significant for working with technical support, development & maintenance.It sets the range that lies between installing the hardware & developing the software for troubleshooting & data analysis.Also, it measures the ethical decision implications.Therefore, all the other options are incorrect
Hence, we can conclude that The statement "Measurement of ethical decision implications" is correct.
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on july 6,sunland company purchased equipment for $2900 cash. As a result of this transaction
Answers
As a result of this transaction, A. Sunland Company's assets increased by $2,900.
What happens when equipment is purchased ?When Sunland Company acquires equipment by paying in full, the value of the company's assets gets boosted by the equivalent amount of the purchase price. The reason behind this is that the company now owns the equipment as one of its valuable possessions. The liabilities and equity of the company remain constant without any alterations.
This transaction results in a $2, 900 increase in the Equipment account and a corresponding decrease in the Cash account. By entering the transaction, the company's assets have been augmented by a sum of $2, 900.
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Options include:
Sunland Company's assets increased by $2900.
Sunland Company's liabilities increased by $2900.
Sunland Company's equity decreased by $2900.
Sunland Company's assets and equity increased by $2900.
adele started her homework at 9:10 she finished at 9:45 how long did she spend on her homework
Answers
Answer:
35 minutes
Explanation:
45 - 10 = 35
:))))))))))
17-1: Many multinational and global companies use ethnocentric staffing in their operations abroad. Why do you think a company might prefer to have someone from home country in top management positions? If you were hired as a consultant, would you recommend that a multinational or global business change its policy? Explain.
17-2: Culture shock is commonly experienced by people living in an unfamiliar culture. Yet not all people experience it, and not all people feel its effects in the same way nor to the same extent. Some experts advise psychological testing to determine one's likelihood of handling such an adjustment. What psychological attributes do you suppose are advantageous in this situation? What sort of training do you think could help someone adapt more easily to a new culture? Explain.
Answers
Many multinational and global companies use ethnocentric staffing in their operations abroad for reasons such as cultural familiarity, language similarity. psychological attributes that are beneficial in adapting are flexibility, desire to learn more and accept others openly.
In addition to encouraging consistency in management procedures, an ethnocentric staffing policy may also make communication and decision making easier. However, such a policy might also restrict diversity and make it more difficult for the business to respond to local market circumstances or capitalize on local talent. If appointed as a consultant I would suggest multinational companies to adopt a more geocentric staffing strategy that promotes diversity and inclusion while striking a balance between local and global perspectives.
The psychological qualities of openness to new experiences, flexibility, empathy, and resilience are helpful in adjusting to a new culture. These characteristics increase a person propensity to be receptive to new ideas, adaptable to novel circumstances and equipped to deal with the difficulties of integrating into a foreign culture. Intercultural communication classes and language and cultural immersion programs are all types of training that could make it easier for someone to adapt to a new culture.
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If Canadians were not allowed to own private property and did not have freedom of choice, what impact would that have on business?
Answers
Answer:A big one
Explanation:
They don’t have freedom of speech.
Numbers-based evidence relies on data, but intuition is based on __________?
reasoning
luck
statistics
serendipity
Answers
Which best describes how consumers may benefit from specialization?
Consumers can only purchase high-quality goods.
Consumers have more price options.
O Consumers receive more sale offers.
O Consumers find products at lower prices.
Answers
In specialization a company have produced the product at different price levels. Consumers have more price options.
What is consumer?A consumer is a person who purchases the goods and or services from the business and is also the ultimate user of the products or services. In specialization the company produces a certain product at many different levels by which they have many price options available which vary according to their customization and quality that can be offered to the consumers and hence the customer can purchase different types of a single product from a single company or Brand.
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During 2020, Lincoln Company hires seven individuals who are certified to be members of a qualifying targeted group. Each employee works in excess of 600 hours and is paid wages of $7,500 during the year. Lincoln Company's work opportunity credit is $________.
Answers
Answer:
$16,800
Explanation:
Calculation to determine what Lincoln Company's work opportunity credit is
Work opportunity credit= $6,000 * .40 *7
Work opportunity credit = $16,800
Therefore Lincoln Company's work opportunity credit is $16,800
Which is an example of easy-access credit? $3000 monthly line of credit credit card with a $4,000 limit one-week payday loan for $350 $200,000 loan for a home
Answers
An example of easy-access credit is : ( C ) One-week payday loan for $350
What is an easy-access credit ?
An easy access credit is a type of credit which has a very high interest rate and a short term period. from the options listed an example of an easy-access credit is a one-week payday loan. because it has a short term duration and a high interest rate.
Hence we can conclude that An example of easy-access credit is : ( C ) One-week payday loan for $350
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Which function are local governments responsible for meeting?
ОА national security
OB. education
OC. space exploration
OD mail delivery
Answers
Answer:
the answer is edication
Answer:
OA. national security
Explanation:
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I started my career at 30. I want to be able to retire at 58. I do not have any money to put away today, but I can put away $1,000 a month at 5% How much
will I have at retirement?
Answers
After 28 years of consistent monthly contributions at a 5% annual rate of return, your retirement account would have grown to approximately $817,000.
How to solve
Assuming you have 28 years until retirement and can consistently save $1,000 per month at a 5% annual rate of return, you would have approximately $817,000 at retirement.
Here's the breakdown of the calculation:
Monthly contribution: $1,000
Annual rate of return: 5%
Time until retirement: 28 years
Using a compound interest calculator, the future value of your retirement account can be calculated as follows:
Enter $1,000 as the initial amount and $1,000 as the monthly contribution.
Enter 5% as the annual interest rate.
Enter 28 years as the time until retirement.
After 28 years of consistent monthly contributions at a 5% annual rate of return, your retirement account would have grown to approximately $817,000.
It's important to note that this calculation assumes a consistent monthly contribution and a constant rate of return
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Mark Goldsmith's broker has shown him two bonds issued by different companies. Each has a maturity of 4 years, a par value of $1000, and a yield to maturity of 8.70. The first bond is issued by Crabbe Waste Disposal and has a coupon interest rate of %6.315 paid annually. The second bond, issued by Malfoy Enterprises, has a coupon interest rate of 8.90 % paid annually.
a. Calculate the selling price for each of the bonds.
Answers
1. Selling Price of Bond 1 issued by Crabbe Waste Disposal = $1031.08
2. Selling Price of Bond 2 issued by Malfoy Enterprises = $1269.50
How can we calculate the selling price (SP) for each bond?Bond 1: Issued by Crabbe Waste Disposal
Coupon Interest Rate (CIR) = 6.315%
Yield to Maturity (YTM) = 8.70%
Maturity (n) = 4 years
Par Value (PV) = $1000
To calculate the selling price of Bond 1, we can use the following formula:
SP = (CIR/100) * PV + [(PV - (CIR/100) * PV) / (1 + YTM/100)^n]
Putting the values:
CIR = 6.315%
PV = $1000
YTM = 8.70%
n = 4 years
SP for Bond 1 = (6.315/100) * 1000 + [(1000 - (6.315/100) * 1000) / (1 + 8.70/100)^4]
SP = $632.36 + $398.72
Selling Price of Bond 1 issued by Crabbe Waste Disposal = $1031.08
Bond 2: Issued by Malfoy Enterprises
Now, let's calculate the selling price for Bond 2 issued by Malfoy Enterprises.
Coupon Interest Rate (CIR) = 8.90%
Yield to Maturity (YTM) = 8.70%
Maturity (n) = 4 years
Par Value (PV) = $1000
Using the same formula as above:
SP = (CIR/100) * PV + [(PV - (CIR/100) * PV) / (1 + YTM/100)^n]
Putting the values:
CIR = 8.90%
PV = $1000
YTM = 8.70%
n = 4 years
SP of Bond 2 = (8.90/100) * 1000 + [(1000 - (8.90/100) * 1000) / (1 + 8.70/100)^4]
SP = $889 + $380.50
Selling Price of Bond 2 issued by Malfoy Enterprises = $1269.50
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Crane Co. has the following transactions related to notes receivable during the last 2 months of the year. The company does not make entries to accrue interest except at December 31.
Nov. 1 Loaned $66,600 cash to C. Bohr on a 12-month, 6% note.
Dec. 11 Sold goods to K. R. Pine, Inc., receiving a $7,200, 90-day, 6% note.
Dec. 16 Received a $9,600, 180-day, 8% note to settle an open account from A. Murdock.
Dec. 31 Accrued interest revenue on all notes receivable.
Required:
Journalize the transactions for Crane Company
Answers
Answer:
Nov 1
Debit : Note Receivable - C. Bohr $66,600
Credit : Cash $66,600
Dec. 11
Debit : Note Receivable - K. R. Pine, Inc. $7,200
Credit : Sales $7,200
Dec. 16
Debit : Cash $9,600
Credit : Note Payable - A. Murdock $9,600
Dec. 31
Debit : Note Receivable - C. Bohr $666
Debit : Note Receivable - K. R. Pine, Inc. $100.80
Credit : Interest Income $766.80
Dec 31
Debit : Interest expense $64
Credit : Note Payable - A. Murdock $64
Explanation:
Interest Income calculations :
Note Receivable - C. Bohr = $66,600 x 2/12 x 6 % = $666
Note Receivable - K. R. Pine, Inc = $7,200 x 21/ 90 x 6 % = $100.80
Interest expense calculations :
Note Payable - A. Murdock $9,600 x 15 / 180 x 8 % = $64
Smith and Johnson are partners. Smith's capital balance in the partnership is $56,000, and Johnson's capital balance $42,000. Smith and Johnson have agreed to share equally in income or loss. Smith and Johnson agree to accept Benson for a 25% interest. Benson will invest $40,000 in the partnership. The bonus that is granted to Smith and Johnson equals:
Answers
Answer:The bonus that is granted to Smith and Johnson equals:$5,500
that is $2750 each for Smith and Johnson since they share equally.
Explanation:
Given that
Smith's capital balance = $56,000
Johnson's capital balance = $42,000
Since the partners agree to accept Benson with 25% interest
Benson invests $40,000
Now, After allowing Benson,
Total Partnership Equity =Smith's Capital + Johnson's Capital + Benson's Investment
=$56,000 + $42,000 +$40,000 = $138,000
The share of Benson in equity is given as,
$138,000 x 25% = $34,500
The Bonus that is present for Smith and Johnson is
Benson's investment - Benson share of equity
= $40,000 - $34,500
=$5,500
Thus,
When equally shared becomes $2750 each for both Smith and Johnson
Loan payments of $700 due three months ago and of $1000 due today are to be paid by a payment of $800 in two months and a final payment in five months. If 9% interest is allowed, and the focal date is five months from now, what is the amount of the final payment? The amount of each payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed)
Answers
Answer: $654.04
Explanation:
We are given loan payments of $700 due three months ago and $1000 due today and we are to find the amount of the final payment to be paid by the borrower. Let the amount of the final payment be x.
The borrower is supposed to make a payment of $800 in two months from now. We need to determine the value of the final payment x such that all payments are settled.
To solve this problem, we use the time value of money formula. The formula is:
PV = FV / (1 + r)t
Where PV is the present value, FV is the future value, r is the interest rate, and t is the period.
We can write down the following equations based on the information given:
700/(1+0.09)^8 + 1000/(1+0.09)^5 + 800/(1+0.09)^3 + x/(1+0.09)^0 = 0
Simplifying the above equation we get:
x = $654.04
Therefore, the amount of the final payment will be $654.04.
Market research can help you strategize your _______ and _______ goals.
Primary research is more _______ than secondary research.
Your first marketing priority is to find out if you can _______ your product or services.
The grouping of people for marketing purposes is called _______.
Once you find out what people want, there’s a need to know the _______ for their choices.
Answers
Market research can help you strategize your business and marketing goals.
Primary research is more specific and tailored to your specific needs than secondary research.
Your first marketing priority is to find out if you can sell your product or services.
The grouping of people for marketing purposes is called segmentation.
Once you find out what people want, there's a need to know the motivations for their choices.
Market research plays a critical role in shaping business and marketing strategies by providing valuable insights into customer preferences, market trends, and competitive landscapes. It helps in identifying target markets, understanding customer needs, and developing effective strategies to achieve business and marketing goals.
By conducting research, businesses can gather data and information to inform their decision-making and ensure that their goals are aligned with customer expectations and market opportunities.
Primary research involves gathering firsthand data directly from the source, such as through surveys, interviews, or observations. It is more specific and focused on the unique needs and objectives of a particular study. Secondary research, on the other hand, involves using existing data and information from published sources.
While secondary research provides a broader understanding of a topic, primary research allows for more control and customization of the research process to address specific research objectives.
When launching a new product or service, one of the primary marketing priorities is to determine if there is a demand for it in the market.
Market research helps in assessing the viability and potential success of a product or service by gathering insights on customer preferences, needs, and market conditions. This information enables businesses to make informed decisions about product development, positioning, pricing, and marketing strategies.
Segmentation is the process of grouping individuals with similar characteristics or behaviors into distinct segments for marketing purposes.
By segmenting the market, businesses can target specific groups that are most likely to be interested in their products or services. Market segmentation allows for more personalized and targeted marketing strategies, resulting in better customer engagement and increased marketing effectiveness.
Once businesses identify what people want through market research, it becomes crucial to understand the motivations behind their choices. This involves delving deeper into the underlying reasons, preferences, and factors that drive consumer behavior.
By understanding the motivations behind consumer choices, businesses can tailor their marketing messages, product features, and overall customer experience to better align with customer needs and increase the chances of success in the market.
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How do credit
scores play a role
in the inequity (a
lack of fairness
or justice) that
exists in our
society?
Answers
Answer: In response to aggressive marketing by the “big three” multinational credit bureaus – Equifax, Experian and TransUnion – employers, landlords and insurance companies now use credit reports and scores to make decisions that have major bearing on our social and economic opportunities. These days, your credit history can make or break whether you get a job or apartment, or access to decent, affordable insurance and loans. Credit reports and scores are not race neutral. Rather, they embed existing racial inequities in our credit system and economy – to the point that a person’s credit information serves as a proxy for race. For decades, banks have systematically redlined black and Latino neighborhoods, refusing to make conventional loans or locate branches in non-white and lower-income areas, notwithstanding laws that obligate banks to meet the credit needs of all communities they serve, consistent with safe and sound banking operations. Thanks to financial services deregulation and the advent of asset-backed securitization, a multi-billion dollar “fringe” financial system has filled the void, characterized by high-cost, destabilizing products and services, from payday loans to check-cashers – which banks typically also own or finance.
Explanation:
The office manager of ABC company has the authority to the whole financial operations. He authorizes activities, controls the company’s expenses, records the company’s transactions, and rarely takes vacation.
The owners of the company are happy with his work since the company is making a profit. You are giving the opportunity to educate the owners about the risk of not implementing internal control. What would be your advice?
Answers
Let understand that Internal controls refers to the conventional rules and procedures implemented in a firm to ensure the integrity of financial and accounting information,
Examples of Internal control includes process of reconciliations, approval of processes, reviews, verification processes etc
The purpose of Internal control is to ensure that integrity takes place in the business practice.
Therefore, i will advice the owner of the company to implement the internal controls so that works of the manager and his surbodinate will be checked among themselves.
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The US Senate overwhelmingly passed the 2022 Defense Authorization Act. The $768 billion "Defense Authorization Act" not only exceeds the defense spending proposed by the Biden administration by $25 billion, but also increases the US defense budget by about 5% compared to last year.
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The US Senate passed the 2022 Defense Authorization Act, a $768 billion bill that surpasses the Biden administration's defense spending proposal by $25 billion and represents a 5% increase in the US defense budget compared to the previous year.
1. The US Senate passed the 2022 Defense Authorization Act.
2. The Defense Authorization Act is a bill that determines the budget and expenditures for the US defense sector.
3. The total amount allocated for the Defense Authorization Act is $768 billion.
4. The defense spending proposed by the Biden administration was exceeded by $25 billion in this Act.
5. The Act represents a 5% increase in the US defense budget when compared to the previous year.
6. This increase in the defense budget indicates a commitment to strengthening the country's defense capabilities.
7. The Act was passed overwhelmingly, indicating strong support from the Senate.
8. The Defense Authorization Act is an essential piece of legislation that ensures the funding and resources necessary for the US military to carry out its operations effectively.
9. The Act covers various aspects of defense spending, including military personnel, equipment, research and development, and strategic initiatives.
10. By passing the Defense Authorization Act, the US Senate has demonstrated its commitment to national security and defense preparedness.
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What is the difference between intradepartmental and interdepartmental
communication?
A. Interdepartmental is among members of a department and
intradepartmental is between two or more departments.
B. Intradepartmental is between departments of two or more companies and interdepartmental is between two or more departments of one company.
C. Intradepartmental refers to communication within a company and interdepartmental refers to communication outside of the
company.
D. Intradepartmental is among members of a department and
interdepartmental is between two or more departments.
NEED ASAP PLEASE!!
Answers
the correct answer is D; intradepartmental is among members of a department and interdepartmental is between two or more departments.
Bacardi Company established a $150 petty cash fund with Eminem as the petty cashier. When the fund
balance reached $19 cash, Eminem prepared a petty cash payment report, which follows.
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Answer:
Petty Cash Fund at the beginning = $150 Petty cash fund balance reach = $19 Total expenditure (150 – 19) = $131 And Expenditure shown $120 Cash short and over (131 – 120) = $19 Journal Entries Date Accounts title and explanation Debit Credit
Explanation:
80% shur