Suppose that Greece and Switzerland both produce oil and olives. Greece's opportunity cost of producing a crate of olives is 5 barrels of oil while Switzerland's opportunity cost of producing a crate of olives is 10 barrels of oil.
By comparing the opportunity cost of producing olives in the two countries, you can tell that _______ has a comparative advantage in the production of olives and ________ has a comparative advantage in the production of oil.
Suppose that Greece and Switzerland consider trading olives and oil with each other. Greece can gain from specialization and trade as long as it receives more than ________ of oil for each crate of olives it exports to Switzerland. Similarly, Switzerland can gain from trade as long as it receives more than ________ of olives for each barrel of oil it exports to Greece. Based on your answers to the previous question, which of the following terms of trade (that is, price of olives in terms of oil) would allow both Switzerland and Greece to gain from trade?
a. 2 barrels of oil per crate of olives
b. 12 barrels of oil per crate of olives
c. 9 barrels of oil per crate of olives
d. 1 barrel of oil per crate of olives
Answers
Answer:
1) Greece
2) Switzerland
3) 5 barrels of oil
3) 1/10 crates of olive
4) B. 12 barrels of oil per crate.
Explanation:
A) Greece forgoes a lesser amount of oil barrels to make the same amount of olive as Switzerland, so it has a comparative advantage in making olive.
B) Switzerland will save more oil if it doesn't produce olives than Greece would save, so it has a comparative advantage in producing barrels of oil.
C) since Greece produces one crate of olive with 5 barrels of oil, it will only gain in any trade trading more than 5 barrels of oil for every crates of olive.
D) since Switzerland produces 1 crate of olive with 10 barrels of oil, it will only gain in a trade trading 1/10 crates of olive for one barrel of oil.
E) only option B will satisfy both countries.
Related Questions
What is market environment
Answers
Answer:
The market environment is the combination of external and internal factors that affect a company's ability to establish a relationship with and serve its consumers.
Explanation:
The internal factors relate to the company itself, such as owners, workers, materials, components, etc.
The external factors are divided into macro and micro components. The macro component is the broad environment which includes societal forces that affect society as a whole. The micro component is task-related, which includes factors that influence the production, manufacturing and distribution of a product or service.
Companies like Uber and UPS use what type of control system to monitor employee performance and behavior? 10/10/10 program Domain Excellence Platforms 360-degree feedback Enterprise Social Networking Site Technology-mediated control
Answers
An technology-mediated control is used by companies like Uber and UPS to monitor their employee performance and behavior.
What is a technology-mediated control?A technology-mediated control refers to a technology that allows organization's to monitor or influence their workers in other for them to behave in a manner consistent with organizational objectives.
Hence, the technology-mediated control is used to monitor employee performance and behavior while they are working.
Therefore, the Option D is correct.
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PLEASE HELP ME IM STUCK ON THIS
Answers
Task 1 . The income (in thousand $) of 5 small companies labeled AA , BB , CC , DD , EE has been calculated and the results are as follo,;vs:
2.49j 2.39j 2.39, 1.79, 3.8 .
1. Put the obtained data as points on the following coordinate system.
Income value
3
2
1
AA BB CC DD EE Company
2. Calculate the mean value from the sample for these data:
On the chart draw a line y = x (a horizontal line at the level of the mean of the sample) and for every measurement mark the difference between the value of the measurement and the sample mean.
3. Calculate the samples variance, standard deviation and the estimator of variance:
Icr2 =_.!_ f=_(xi -
I• I
__ n i=l
x_) _= iT
4. Write proper values into the following tagged fields and interpret the results obtained:
CJ CJ
x - 20- x - a x+ a x+ 20-
Date of simulation : 2021 03 02 20:30:20.050 Seed: 20302 8071 .
8
Answers
Answer:
yggjuytygyvcfryttgggv
Explanation:
A company prospectus includes:
Answers
A company prospectus includes Business Overview, Company History, Management Team, Financial Information, Risk Factors, Legal and Regulatory Information, Corporate Governance.
The contents of a company prospectus may vary depending on the specific regulations of the jurisdiction where the company operates. However, in general, a prospectus includes the following key elements:
Business Overview: A description of the company's business activities, including its industry, products or services, target market, and competitive advantages.Company History: Background information about the company, including its founding date, key milestones, and any significant events that have shaped its development.Management Team: Profiles of the company's key executives and management team members, including their qualifications, experience, and responsibilities.Financial Information: Detailed financial statements, including balance sheets, income statements, and cash flow statements, for a specified period. This section also provides information on the company's assets, liabilities, revenues, expenses, and profitability.Risk Factors: A discussion of the potential risks and uncertainties that could affect the company's operations, financial performance, or investment prospects. This may include market risks, regulatory risks, industry-specific risks, or any other factors that investors should consider before making investment decisions.Legal and Regulatory Information: Disclosures related to any legal or regulatory matters that may impact the company, such as pending lawsuits, regulatory compliance issues, or intellectual property rights.Corporate Governance: Details about the company's corporate structure, board of directors, executive compensation, and any other corporate governance practices that ensure transparency and accountability.For such more question on Financial:
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Controlling is the process of assuring actual activities conform to planned activities. With an example, discuss five (5) importance of controlling.
Answers
Answer:
Controlling is the process of assuring actual activities conform to planned activities with five examples are discussed below in details.
Explanation:
Planning and controlling are intimately associated. Controlling is further pervasive than planning. Controlling benefits managers observe the effectiveness of their planning, formation, and managing activities. It not only assists in maintaining a record on the development of activities but also guarantees that activities adhere to the measures set in approach so that organizational aims are achieved.
The equipment replacement problem is a type of problem that can be modeled as a(n): a. Assignment problem. b. Minimal spanning tree problem. c. Transportation problem. d. Shortest path problem.
Answers
Answer:
d. Shortest path problem.
Explanation:
A shortest path problem can be defined as the process of finding the quickest solution or method to solve a specific problem.
Generally, the shortest path problem is modeled as a transshipment problem.
For example, the equipment replacement problem is a type of problem that can be modeled as a shortest path problem.
What are the components of hire purchase contracts
Answers
Answer:
Explanation:
Hire purchase contracts are a type of agreement where a buyer purchases a product or item through installment payments. The components of hire purchase contracts typically include:
Buyer: The individual or organization purchasing the item through the hire purchase contract.
Seller: The person or company that owns the item and is selling it through the hire purchase contract.
Down payment: The initial payment made by the buyer at the beginning of the contract, typically a percentage of the total purchase price.
Installment payments: The regular payments made by the buyer to the seller to pay off the total purchase price of the item.
Interest rate: The rate charged by the seller on the outstanding balance of the purchase price. This is typically higher than the interest rate charged on a conventional loan.
Term: The length of time over which the buyer will make installment payments. The term can vary depending on the agreement between the buyer and the seller.
Ownership: The ownership of the item remains with the seller until the buyer completes all the installment payments.
Default: The consequences of defaulting on payments, including the seller's right to repossess the item if payments are not made.
Termination: The conditions under which the contract can be terminated, such as if the buyer pays off the entire purchase price early or if the seller breaches the contract.
Overall, hire purchase contracts are a way for buyers to purchase items they may not be able to afford upfront, while allowing sellers to earn a profit by charging interest on the outstanding balance. It is important for both parties to carefully review and understand the terms of the contract before agreeing to it.
Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100,000 for the year. Activity Cost Pool Cost Driver Est. Overhead Cost Driver Activity Ordering and Receiving Orders $ 120,000 500 orders Machine Setup Setups 297,000 450 setups Machining Machine hours 1,500,000 125,000 MH Assembly Parts 1,200,000 1,000,000 parts Inspection Inspections 300,000 500 inspections If overhead is applied using activity-based costing, the overhead application rate for ordering and receiving is:__________
A. $6,834 per order.
B. $240 per order.
C. $0.12 per part.
D. $1.20 per direct labor hour.
Answers
Answer:
Predetermined manufacturing overhead rate= $240 per order
Explanation:
Giving the following information:
Activity Cost Pool Cost Driver Est. Overhead Cost Driver Activity Ordering and Receiving Orders $ 120,000 500 orders
To calculate the predetermined overhead rate, we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 120,000/500
Predetermined manufacturing overhead rate= $240 per order
Information for Rafael Corp. is given in BE8.8. Suppose the accountant for Rafael Corp. uses normal-absorption costing and uses the budgeted volume of 50,000 units to allocate the fixed overhead rather than the actual production volume of 40,000 units. The company expenses production volume variance to cost of goods sold in the accounting period in which it occurs. (a) Calculate the manufacturing cost per unit and prepare a normal-absorption-costing income statement for the first year of operation. (b) Reconcile the difference in net income between the variable-costing and normal-absorption-costing methods.
Answers
This difference can be reconciled by the production volume variance of $60,000, as the total difference is equal to the production volume variance multiplied by two ($60,000 x 2 = $120,000).
What is volume ?Volume is the measure of the amount of three-dimensional space occupied by an object. It is typically measured in cubic units, such as cubic meters or cubic centimeters. Volume can also be expressed as the amount of space an object takes up, such as gallons, quarts, or liters.
(a) Manufacturing Cost per Unit:
Direct materials: $3.00
Direct labor: $4.00
Variable overhead: $2.40
Fixed overhead: $6.00
Total Manufacturing Cost per Unit: $15.40
Normal-Absorption-Costing Income Statement:
Sales (50,000 units) $750,000
Less: Cost of Goods Sold
Direct materials $150,000
Direct labor $200,000
Variable overhead $120,000
Fixed overhead $300,000
Total Cost of Goods Sold $770,000
Gross Loss $(20,000)
Less: Operating Expenses
Selling expenses $50,000
Administrative expenses $60,000
Total Operating Expenses $110,000
Net Loss $(130,000)
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_____ controls deals with active anticipation of problems and their timely solution Multiple Choice Feedforward control Concurrent control Feedback control Output control
Answers
Answer:
Feedforward control
Explanation:
Feedforward control controls deals with active anticipation of problems and their timely solution.
Chekov Company has two support departments, Human Resources and General Factory, and two producing departments, Fabricating and Assembly. Support Departments Producing Departments Human Resources General Factory Fabricating Assembly Direct costs $150,000 $360,000 $120,900 $86,000 Normal activity: Number of employees — 60 45 80 Square footage 1,500 — 6,000 14,000 The costs of the Human Resources Department are allocated on the basis of number of employees, and the costs of General Factory are allocated on the basis of square footage. Chekov Company uses the direct method of support department cost allocation.
Answers
The total cost allocated to Fabricating is $220,500 and the total cost allocated to Assembly is $452,000.
What is Human Resource?The department of a company tasked with discovering, selecting, hiring, and training job applicants is known as human resources (HR).
For Human Resources:
Cost per employee = Total cost / Allocation base
Cost per employee = $150,000 / 60
Cost per employee = $2,500
For General Factory:
Cost per square footage = Total cost / Allocation base
Cost per square footage = $360,000 / 20,000
Cost per square footage = $18
For Fabricating:
Cost allocated from Human Resources = Cost per employee x Number of employees in Fabricating
Cost allocated from Human Resources = $2,500 x 45
Cost allocated from Human Resources = $112,500
Cost allocated from General Factory = Cost per square footage x Square footage of Fabricating
Cost allocated from General Factory = $18 x 6,000
Cost allocated from General Factory = $108,000
For Assembly:
Cost allocated from Human Resources = Cost per employee x Number of employees in Assembly
Cost allocated from Human Resources = $2,500 x 80
Cost allocated from Human Resources = $200,000
Total cost allocated to Assembly = Cost allocated from Human Resources + Cost allocated from General Factory
Total cost allocated to Assembly = $200,000 + $252,000
Total cost allocated to Assembly = $452,000
As a result, the entire expense for fabricating is $220,500, while the total expense for assembly is $452,000.
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If consumers start saving more rather than spending, what is most likely to happen? A Decrease in Savings, B Increase in the real interest rate, C Decrease in the Supply of loanable funds, D Decrease in the real interest rate
If the Federal Reserve institutes Contractionary Policy, which of the following is most likely to increase? A Interest rates ,B Gross Domestic Product ,C Government spending , D Tax rates
Answers
If consumers start saving more rather than spending, the most likely outcome would be a decrease in the real interest rate (option D).
If the Federal Reserve institutes Contractionary Policy, the most likely outcome would be an increase in interest rates (option A).
What happens If consumers start saving more rather than spendingThis happens because an increase in savings means that there is more supply of loanable funds in the market, which can lead to a decrease in the cost of borrowing and, consequently, a decrease in the real interest rate.
What happens if Federal Reserve institutes Contractionary PolicyIf the Federal Reserve institutes Contractionary Policy, the most likely outcome would be an increase in interest rates (option A). Contractionary policy is designed to reduce the money supply and slow down economic growth to combat inflation.
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Due Monday by 5:29pm Points 100 Submitting a file upload Available Nov 30 at 12am - Dec 7 at 5:29 pm 8 days ACG2021 - Comprehensive Exam - V2 Bank Reconciliation (LO3) The following information is available for Airborne, Inc. as of March 31, 2020: a. Cash on the books as of March 31 amounted to $22,754.16. Cash on the bank statement for the same date was $32,351.46. b. A deposit of $3,344.50, representing cash receipts of March 31, did not appear on the bank statement. c. Outstanding checks totaled $3,936.80. d. A check for $1,920.00 returned with the statement was recorded incorrectly in the check register as $1,380.00. The check was for a cash purchase of merchandise. antage e. The bank collected $10,300.00 for Airborne, on a note. The face value of the note was $10,000.00 f. The bank mistakenly charged to the company account a check for $755.00 drawn by another company. REQUIRED: y 1. Prepare in a proper format the Bank Reconciliation for Airborne, Inc. as of March 31, 2020 2. Prepare in proper format the Journal Entries necessary to adjust the accounts as of March 31, 2020 brary.
Answers
Answer:
Explanation:
What’s the question?!
a study of how the hidden curriculum prepares working-class students for working-class jobs would most likely be informed by:
Answers
A study of how the hidden curriculum prepares working-class students for working-class jobs would most likely be informed by conflict theory.
What is conflict theory,?Perspectives in sociology and social psychology known as conflict theories place an emphasis on a materialist reading of history, a dialectical method of analysis, a critical attitude toward current social structures, and a political program of revolution or, at the very least, reform.
According to the conflict theory, which was first put forth by Karl Marx, society is constantly at war with one another over scarce resources. According to conflict theory, dominance and power, not agreement and conformity, preserve social order.
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complete questions;
A study of how the hidden curriculum prepares working-class students for working-class jobs would most likely be informed by ___________ theories.
What are the three major elements that include in presentation?
Answers
Answer:
The three major elements that are included in a presentation are:
a) The introduction
b) The body
c) The Conclusion
Explanation:
1. The introduction kickstarts the presentation with an introduction suitable to the topic. It is usually a summary of the topic (the problem being addressed), the presenter, the venue or location, the purpose, and the date of the presentation.
2. The body of the presentation presents balanced information about the topic to address each requirement, including the supporting and opposing views. It also includes the presentation of observations, evidence, and calculated data to support the viewpoints expressed.
3. The conclusion summarizes the presentation in such a manner that the recommendations that offer possible solutions to the identified problem(s) are distinctly outlined.
Think of a time when effective or ineffective communication affected your success at home, school, or work.
In paragraph 1, describe what happened, in detail.
In paragraph 2, explain how strong communication contributed to or could have improved the situation’s outcome. Be specific.
Answers
Answer:
Ineffective communication affected my success when I wanted to sell my skincare product to an Asian who did not really have a full grasp of the English language.
Explanation:
I experienced ineffective communication which was caused by a language barrier between me and an Asian woman to whom I wanted to sell a skincare cream. I tried explaining the benefits of the cream to her, but she seemed not to understand what I was saying. At the end of the day, she did not purchase the cream.
In order to sell skincare creams, a person must communicate the full benefits of such cream to a potential buyer since he/she might already have had something he uses before. If the woman had a strong grasp of the English language, it would have been easier for me to convince her to buy the cream as I would have employed persuasive terminologies that would appeal to her.
An example of ineffective communication was when I went to France for vacation and I tried communicating with someone in English but he didn't understand me.
Ineffective communication simply means a form of communication where the receiver can't understand the message and therefore the message wasn't conveyed properly.
An example of ineffective communication was when I went to France for vacation and I tried communicating with someone in English but he didn't understand me.
The communication was ineffective because we were both speaking different languages. It'll have been effective if we spoke the same language.
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Use the information provided in the journal entry to post the transaction to the t-account. Post in DR/CR order.
Date Accounts and Explanation Debit Credit
Nov. 1 Cash 45,000
Common Stock 45,000
Received cash from selling shares of stock
Date Accounts and Explanation Debit Credit
Nov. 4 Truck 21,200
Notes Payable 21,200
Bought a compary truck by signing
Date Accounts and Explanation Debit Credit
Nov. 8 Salaries Expense 14,500
Cash 14,500
Paid cash for salaries ,500
Date Accounts and Explanation Debit Credit
Nov. 12 Office Supplies 9,200
Accounts Payable 9,200
Purchased office supplies on account
Date Accounts and Explanation Debit Credit
Nov. 13 Cash 7,500
Unearned Revenue 7,500
Collected cash for future services
Date Accounts and Explanation Debit Credit
Nov. 12 Office Supplies 9,200
Accounts Payable 9,200
Purchased office supplies on account
Date Accounts and Explanation Debit Credit
Nov. 13 Cash 7,500
Unearned Revenue 7,500
Collected cash for future services
Answers
Answer:
Following are the journal entry to the given question:
Explanation:
Cash
\(1-Nov. \ \ \ \ \ \ \ \ \ \$45,000\\\\\)
Common stock
\(\$45,000\ \ \ \ \ \ \ \ \ 1-Nov.\)
Truck
\(4- Nov. \ \ \ \ \ \ \ \ \ \$21,200\\\\\)
Notes payable
\(4- Nov. \ \ \ \ \ \ \ \ \ \$21,200\\\\\)
Salaries expense
\(8-Nov. \ \ \ \ \ \ \ \ \ \$14,500\\\\\)
Cash
\(8- Nov. \ \ \ \ \ \ \ \ \ \$14,500\\\\\)
Office supplies
\(12-Nov. \ \ \ \ \ \ \ \ \ \$9,200\\\\\)
Accounts payable
\(12- Nov. \ \ \ \ \ \ \ \ \ \$9,200\\\\\)
Cash
\(13- Nov. \ \ \ \ \ \ \ \ \ \ \ \ \$7,500\\\\\)
Unearned revenue
\(13- Nov \ \ \ \ \ \ \ \ \ \$7,500\)
a competitive market is a market in which group of answer choices an auctioneer helps set prices and arrange sales. there are only a few sellers. the forces of supply and demand do not apply. no individual buyer or seller has any significant impact on the market price.
Answers
When no single buyer or seller has a substantial impact on the market price, the market is considered to be competitive.
What does a set of available answers in a cutthroat market mean?A competitive market is one in which there are many buyers and sellers, numerous things are offered by several sellers, numerous vendors offer numerous items, and numerous firms frequently have free access to the market. Perhaps the thing that most closely resembles a market of them is bottled water.
Which characteristics of market economics encourage competition?In economics, the term "competitive market" is used to characterize a market where there are numerous buyers and sellers and no single buyer or seller has a substantial impact on the market. In competitive markets, there are no entry barriers, a large number of buyers and sellers, and uniform products.
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2. Which aspect of professionalism do you feel that you are strongest at? Explain why you think so. (1-3 sentences. 2.0 points)
Answers
Answer:
I feel like my strongest aspect of professionalism would be communication. My career interests require lots of communication with customers. I would need to be able to communicate with the customer’s feelings and needs for whichever situation they are in and what they want to accomplish.
Explanation:
The following model is a simplified version of the multiple regression model used by
Biddle and Hamermesh (1990) to study the trade-off between time spent on sleeping and working
and to look at other factors affecting sleep:
Where sleep and totwrk (total work) are measured in minutes per week and educ and age are
measured in years.
A. If adults trade off sleep for work, what is the sign of ?
B. What signs do you think and will have?
Using the data we estimated the equation and obtained (the standard errors in brackets):
Sleep = 3.638.25 - 0.148 totwrk - 11.13 educ + 2.20age
(112.28) (0.017) (5.88) (1.45)
n = 706 R2 = 0.113
C. Is either educ or age individually significant at the 5% level against a two-sided
alternative?
Dropping educ and age from the equation gives
Sleep = 3.586.38 - 0.151 totwrk
(38.91) (0.017)
n = 706 R
2
= 0.103
Are educ and age jointly significant in the original equation at the 5% level?
D. Does including educ and age in the model greatly affect the estimated trade-off between
sleeping and working?
E. Suppose that the sleep equation contains heteroskedasticity. What does it mean about the
tests computed in B and D
Answers
Answer:
A. If adults trade off sleep for work, the sign of should be negative, because an increase in the amount of work would be expected to result in a decrease in the amount of sleep.
B. It is expected that and will be negative, because an increase in education and age would be expected to result in a decrease in the amount of sleep.
C. Based on the estimated equation, educ is individually significant at the 5% level against a two-sided alternative, because the p-value of 0.000 is less than 0.05. Age is not individually significant at the 5% level, because the p-value of 0.139 is greater than 0.05.
D. Educ and age are jointly significant in the original equation at the 5% level, because the p-value of 0.000 is less than 0.05.
E. If the sleep equation contains heteroskedasticity, it means that the variance of the errors is not constant across different values of the independent variables. This can affect the tests computed in parts B and D, because the assumption of constant variance is often used in statistical tests. Heteroskedasticity can lead to biased and inconsistent estimators and can also result in incorrect p-values and confidence intervals.
Explanation:
Your catering business sells luncheons and dinners. Luncheons are $1,000 each, and dinners are $2,000 each. You sold 300 meals in total for revenue of $460,000. How many of each did you sell?
Answers
Answer:
140 luncheons, 160 dinners
Explanation:
The number of luncheons and dinners that are sold will be 140 and 160, respectively.
What is the solution to the equation?The allocation of weights to the important variables that produce the calculation's optimum is referred to as a direct consequence.
Your catering business sells luncheons and dinners. Luncheons are $1,000 each, and dinners are $2,000 each. You sold 300 meals in total for a revenue of $460,000.
Let 'x' be the number of Luncheons and 'y' be the number of dinners. Then the equations are given as,
x + y = 300 ...1
1,000x + 2,000y = 460,000 ...2
From equations 1 and 2, then we have
1,000(300 - y) + 2,000y = 460,000
300,000 - 1,000y + 2,000y = 460,000
1,000y = 160,000
y = 160
Then the value of 'x' is given as,
x + 160 = 300
x = 300 - 160
x = 140
The number of luncheons and dinners that are sold will be 140 and 160, respectively.
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11. a. Suppose David spends his income M on goods x1 and x2, which are priced p1 and p2, respectively. David’s preference is given by the utility function
(1, 2) = √1 + √2.
(i) Derive the Marshallian (ordinary) demand functions for x1 and x2. (25 marks)
(ii) Show that the sum of all income and (own and cross) price elasticity of demand
for x1 is equal to zero. (25 marks) b. For Jimmy both current and future consumption are normal goods. He has strictly convex and strictly monotonic preferences. The initial real interest rate is positive. If the real interest rate falls, in each of the following cases, argue what will happen to his period 2 consumption level? Clearly illustrate your argument on a graph.
(i) He is initially a borrower. (25 marks)
(ii) He is initially a lender. (25 marks)
Answers
Answer:
Explanation:
D
the positive thinking is necessary to develop decision making skill
Answers
Imagine that you earned $8,425 in one year. If the government enforces a 15% income tax, how much money would you owe in taxes at the end of the year? Show your work. (5 points)
Answers
Answer:
$1, 263. 75
Explanation:
If annual income is $8,425 and the tax rate is 15%,
Annual Tax would be 15% of $8,425
=15/100 x $ 8425
=0.15 x 8, 425
=$1, 263.75
A preparation outline is used to help organize the speaker's thoughts, ideas, and information. What is the purpose of a presentation outline? Question 14 options:
a. A presentation outline is used to provide copies of the speech to each member of the audience.
b. A presentation outline is used to present only the key points of a speech.
c. A presentation outline helps the speaker remember what to say during his or her speech.
d. A presentation outline is used to explore different patterns of organization.
Answers
The purpose of a presentation outline is to help the speaker organize and structure their speech in a clear and logical manner.The outline can also be used to help the speaker remember what they want to say during the presentation, allowing them to focus on delivering the content effectively without worrying about forgetting important details. The correct option is c.
The outline provides a framework for the content that will be presented, ensuring that all important points are covered and that the content is loaded with relevant information. Additionally, a presentation outline can be helpful for the audience as well, providing them with a clear roadmap of what to expect during the presentation and allowing them to follow along with ease.
While it may not be necessary to provide copies of the outline to each member of the audience, having a clear and organized presentation can make a big difference in how well the content is received and understood. Overall, a well-prepared presentation outline is an important tool for any speaker looking to deliver a successful and engaging presentation. The correct option is c.
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Rand Company had May operations as follows. Units actually produced 76,000 Actual direct labor hours worked 160,000 Actual variable overhead incurred $500,000 Actual fixed overhead incurred 384,000
Based on monthly normal volume of 100,000 units (200,000 direct labor hours), Rand's standard cost system contains the following overhead costs:
Variable $6 per unit
Fixed 4 per unit
The unfavorable variable overhead spending variance was:_________
A. 12,000
B. 20,000
C. 24,000
D. 44,000
Answers
Answer:
B. 20,000
Explanation:
Standard Variable overhead rate = $6 per units / 2 direct labour hour
Standard Variable overhead rate = $3 per hour
Variable Overhead Spending Variance = Actual hours worked * (Actual overhead rate - Standard overhead rate)
Variable overhead spending variance = 160,000 * (3.125 -3)
Variable overhead spending variance = 160000*0.875
Variable overhead spending variance = 20,000
Bakersfield Corp. pays income tax at an average rate of 30 percent. This year its revenue is $124,000 and its expenses are $82,000. The adjusting entry to record the income tax expense will:
Multiple Choice
decrease net income by $42,000.
increase shareholders' equity by $12,600.
decrease liabilities by $12,600.
decrease shareholders' equity by $12,600.
Answers
The adjusting entry to record the income tax expense for Bakersfield Corp. will decrease net income by $42,000. Option A is the correct answer.
The adjusting entry to record the income tax expense for Bakersfield Corp. will decrease net income by $42,000.
The income tax expense is calculated by applying the applicable tax rate to the taxable income. In this case, Bakersfield Corp. has revenue of $124,000 and expenses of $82,000, resulting in a taxable income of $42,000 ($124,000 - $82,000).
Since Bakersfield Corp. pays income tax at an average rate of 30 percent, the income tax expense will be 30 percent of the taxable income:
Income tax expense = Taxable income x Tax rate
= $42,000 x 0.30
= $12,600
Adjusting entries are made at the end of an accounting period to ensure that revenues and expenses are properly recognized. In this case, the adjusting entry will decrease net income by the amount of the income tax expense.
This adjustment reflects the company's obligation to pay income tax and reduces its reported net income.
Therefore, the correct option is: "Decrease net income by $42,000."
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Can someone please help ASAP!!!
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The Federal Reserve uses three tools to set monetary policy through the banks. Identify these three tools and provide an example of how each tool affects individual consumers. (5 points)
Answers
Monetary Policy Implementation: The Fed's Policy Toolkit. Reserve requirements, the discount rate, and open market operations are the three instruments the Fed has historically used to implement monetary policy.
Which tool of monetary policy is most important and why?To accomplish macroeconomic objectives, a monetary policy employs a variety of tools, including open market operations, requirements for bank reserves, and the discount rate. Open market operations, however, are regarded as the most significant and frequently applied tool of the three.
The most crucial and efficient method of expanding the money supply out of these three is to purchase bonds on the open market. The Fed must convince banks to make fewer loans if it wants to shrink the money supply.
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What is the difference between ethnocentrism and patriotism?
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Explanation:
Ethnocentrism is the tendency to look at the world primarily from the perspective of one's own culture while patriotism is love of country; devotion to the welfare of one's compatriots; the virtues and actions of a patriot; the passion which inspires one to serve one's country,.