The given statement- "In general, a tax raises the price the buyers pay, lowers the price the sellers receive, and reduces the quantity sold" is True.
When a tax is imposed on a product, it raises the cost of production for the seller, who will then try to pass on the cost to the buyers in the form of a higher price.
This increase in price paid by the buyers results in a decline in the quantity demanded, as consumers may choose to reduce their consumption of the product or switch to a substitute with a lower price.
At the same time, the higher price may also deter some potential buyers from entering the market, further reducing the quantity sold.
On the seller side, the lower price they receive after paying the tax may cause them to reduce production or exit the market entirely if their profits fall too much.
Overall, a tax creates a wedge between the price paid by buyers and the price received by sellers, leading to a reduction in the quantity sold and potential market inefficiencies.
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a lost check with a blank endorsement on it can be cashed by
Answer:
A Blank Endorsement is - an endorsement consisting only of the endorser's signature. * If the blank endorsed check is lost or stolen, the check can be cashed by anyone who has it, so only use it when it is ready to be directly cashed or deposited into the bank. SPECIAL ENDORSEMENT.
Explanation:
TRUE/FALSE.A business with tight accounting controls suggests a culture with low levels of trust.
False. A business with tight accounting controls does not necessarily suggest a culture with low levels of trust.
In fact, tight accounting controls can be implemented to enhance trust and ensure the integrity of financial information within an organization.
Accounting controls are put in place to safeguard assets, prevent fraud, maintain accuracy in financial reporting, and ensure compliance with laws and regulations. These controls involve processes, procedures, and policies that govern financial transactions, record-keeping, and internal and external reporting. They are designed to promote transparency, accountability, and reliability in financial operations.
Implementing tight accounting controls demonstrates a commitment to maintaining a high level of accuracy and reliability in financial information. It helps to ensure that financial statements are prepared in accordance with relevant accounting standards and reflect the true financial position of the business. By having stringent controls in place, the organization can minimize the risk of errors, misstatements, and fraudulent activities.
Moreover, tight accounting controls can also enhance trust among stakeholders, including shareholders, investors, lenders, and regulatory bodies. When external parties can rely on the accuracy and completeness of financial information, they are more likely to trust the organization and make informed decisions based on the financial statements.
In a business with tight accounting controls, employees are expected to adhere to established procedures and policies, which can promote discipline, accountability, and ethical behavior. It does not necessarily imply a lack of trust but rather reflects a commitment to maintaining high standards of financial management and governance.
It is important to note that the presence of tight accounting controls should be balanced with a culture that fosters trust and transparency. Effective communication, employee empowerment, and ethical leadership are key elements in building a culture of trust within an organization. Trust should be nurtured through open dialogue, collaboration, and a shared commitment to ethical conduct and accountability.
In conclusion, a business with tight accounting controls does not necessarily suggest a culture with low levels of trust. Rather, it signifies a commitment to accuracy, transparency, and compliance, which can contribute to building trust among stakeholders and enhancing the organization's reputation.
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howwhat is the firm's marginal cost of producing the 900th gadget? question 20 options: $0.50 $1.60 $2.78 none of the above
$2.10 is the firm's marginal cost of producing the 900th gadget.
The marginal cost of producing the 900th gadget is the increase in total cost when producing one additional unit. To calculate this, we need to know the fixed cost and variable cost associated with the production process.
The fixed cost is the cost incurred to produce the 900th unit, regardless of the number of units produced. Examples of fixed costs include rent, insurance, and wages of full-time employees.
The variable cost is the cost incurred to produce the 900th unit, and is directly proportional to the number of units produced. Examples of variable costs include raw materials, shipping, and packaging.
The marginal cost of producing the 900th gadget can be calculated by adding the fixed cost and variable cost associated with the production process. Assuming that the fixed cost and variable cost are $0.50 and $1.60 respectively, then the marginal cost of producing the 900th gadget is $2.10 ($0.50 + $1.60). Therefore, the correct answer is $2.10.
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Mothusi, a production supervisor, is responsible for ten employees who assemble components into a finished product. Kelly is a.
Mothusi, a manufacturing supervisor, is liable for ten personnel who collect additives right into a completed product. Kelly is a. First line manager.
The required details for First line manager in given paragraph
First-line managers are the entry-degree managers who carry out on-the-floor control duties. They are the managers who've the nearest proximity with crew members, and they're normally liable for making sure that their crew correctly incorporates out organizational desires on a each day basis. This function represents an entry-degree role for control professionals. First-line managers paintings immediately with non-control personnel and venture crew members.
First line manager overarching function is to oversee worker productiveness and preserve personnel answerable for attaining organization desires. Examples of first line managers are Supervisor. Foreperson. Shift Manager. Office Manager.
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Flexibility falls under which essential skill needed by today’s managers:
system skills
political skills
financial skills
people skills
Flexibility falls under which essential skill needed by today's managers option (d) people skill
Flexibility is an essential skill that modern managers must possess to be successful. It falls under the category of "people skills," which is one of the four main essential skills needed by managers.
Being flexible means being able to adapt to changing circumstances, whether it be changes in the market, changes in team dynamics, or changes in company goals.
In mathematical terms, flexibility can be seen as the ability to change variables and adjust to new equations. Just like a skilled mathematician must be able to adjust their approach when faced with a new problem, a skilled manager must be able to adjust their leadership style when faced with a new challenge.
Overall, flexibility is a crucial skill for managers to have in today's fast-paced and constantly changing business environment. Those who possess this skill are more likely to be successful in their careers and lead their teams to success.
Therefore, the option (d) is the correct one.
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Complete Question:
Flexibility falls under which essential skill needed by today's managers:
a) system skills
b) political skills
c) financial skills
d) people skills
You are an owner of a small independent chain of coffee houses competing head-to-head with costa coffee. the retail price your customers pay for coffee is exactly the same as at costa coffee. the wholesale price you pay for roasted coffee beans has increased by 25%. you understand that you cannot absorb this increase and that it must be passed on to your customers. however, you are concerned about the consequences of an open price increase. discuss three alternative price increase strategies that address your concerns.
As the owner of a small independent chain of coffee houses, it can be challenging to navigate price increases, particularly when you're competing with a larger chain like Costa Coffee. Here are three alternative price increase strategies you can consider:
1. Bundle pricing: Rather than increasing the price of coffee alone, you can bundle it with other items in your store, like pastries or sandwiches.
2. Loyalty program: You can offer a loyalty program to incentivize customers to keep coming back despite the price increase.
3. Limited time promotion: Instead of permanently increasing the price of coffee, you can run a limited-time promotion that offers a discount on other items in your store when a customer purchases a coffee
In any case, it's important to communicate the price increase clearly to your customers.
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Strategy is
A. a complex concept that involves many different processes and activities within an organization.
B. involving goals and objectives that an organization needs to achieve to be successful in the marketplace.
C. long-term in nature.
D. all the above
D. all the above. Strategy is all of the above.
Strategy encompasses all of the options listed. It is a complex concept that involves various processes and activities within an organization. It is also concerned with the goals and objectives that an organization sets to achieve success in the marketplace. Additionally, strategy is typically long-term in nature, focusing on the direction and future plans of the organization. Therefore, option D correctly captures the comprehensive nature of strategy.
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You are the owner of a local Honda dealership. Unlike other dealerships in the area, you take pride in your "No Haggle" sales policy. Last year, your dealership earned record profits of $1.9 million. In your market, you compete against two other dealers, and the market-level price elasticity of demand for midsized Honda automobiles is -1.2. In each of the last five years, your dealership has sold more midsized automobiles than any other Honda dealership in the nation. This entitled your dealership to an additional 40 percent off the manufacturer’s suggested retail price (MSRP) in each year. Taking this into account, your marginal cost of a midsized automobile is $11,000.
What price should you charge for a midsized automobile if you expect to maintain your record sales?
The price that should be charge for a midsized automobile if you expect to maintain your record sales is $15,230.77.
Using this formula
Midsized automobile price = Marginal Cost (3×Elasticity) / 1 + (3 × Elasticity)
Let plug in the formula
Midsized automobile price = $11,000 (3× -1.2) / 1 + (3× -1.2)
Midsized automobile price = $14,000 × -4.8/ -3.8
Midsized automobile price = $14,000 × 1.384615
Midsized automobile price = $15,230.765
Midsized automobile price =$15,230.77 (Approximately)
Inconclusion the price that should be charge for a midsized automobile if you expect to maintain your record sales is $15,230.77.
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3. In the mythical kingdom of Erehwon, the basic unit of money is the rudolf. At today's exchange rate, 4 rudolfs are equal to $1. A U.S. tourist in Erehwon wishes to purchase a guidebook to the country. The price is 6 rudolfs. How much is this in U.S. money?
(A) $1.50
(B) $6
(C) $4
(D) $24
Krishna is 56 years old; he has contributed to the CPP without interruption for over 30 years. While crossing the street, Krishna was struck by a bus and seriously injured. He is currently hospitalized and on life support and his doctors have informed Krishna's family that it is uncertain as to whether he will awaken from his coma. Assuming at the time of his accident, Krishna was entitled to a CPP retirement benefit of $660, the flat-rate disability amount is $496.36 per month and the maximum monthly disability benefit is $1362.30, how much of a disability benefit will Krishna receive under the CPP? a) 50 b) $865.94 C) $991.36 d) $1156.36
Option(A) is the correct answer. Krishna will receive a disability benefit of $660 under the CPP.
To determine the disability benefit that Krishna will receive under the CPP, we need to consider a few factors. First, let's calculate the disability benefit based on the provided information:
The flat-rate disability amount is $496.36 per month.
The maximum monthly disability benefit is $1362.30.
Krishna's entitlement to a CPP retirement benefit is $660 per month.
To calculate the disability benefit, we compare the retirement benefit to the flat-rate disability amount and the maximum monthly disability benefit:
The disability benefit will be the lesser of:
The retirement benefit ($660)The flat-rate disability amount ($496.36) plus the retirement benefit minus the flat-rate disability amount.Let's calculate the disability benefit based on the above formula:
Disability benefit = min(retirement benefit, flat-rate disability amount + retirement benefit - flat-rate disability amount)
= min($660, $496.36 + $660 - $496.36)
= min($660, $660)
= $660
Therefore, Krishna will receive a disability benefit of $660 under the CPP.
Option (a) 50, option (b) $865.94, option (c) $991.36, and option (d) $1156.36 are not correct based on the given information. The correct answer is that Krishna will receive a disability benefit of $660 under the CPP.
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Krishna is 56 years old; he has contributed to the CPP without interruption for over 30 years. While crossing the street, Krishna was struck by a bus and seriously injured. He is currently hospitalized and on life support and his doctors have informed Krishna's family that it is uncertain as to whether he will awaken from his coma. Assuming at the time of his accident, Krishna was entitled to a CPP retirement benefit of $660, the flat-rate disability amount is $496.36 per month and the maximum monthly disability benefit is $1362.30, how much of a disability benefit will Krishna receive under the CPP? a) $660 b) $865.94 C) $991.36 d) $1156.36
Explain how the Related Information buttons provide researchers with an efficient researching capability.
The Related Information buttons are an excellent tool that provides researchers with a more efficient research capability. These buttons help to identify and locate additional information that is related to the topic being researched.
When a researcher clicks on one of these buttons, it automatically takes them to a page that contains more information about the subject matter. One of the primary benefits of these buttons is that they help to save time and effort by eliminating the need for researchers to perform additional searches for related information. Additionally, they provide a more comprehensive view of the topic by presenting information from multiple sources. This allows researchers to see different perspectives and gain a deeper understanding of the topic. Another advantage of the Related Information buttons is that they help to eliminate the need for the researcher to sift through irrelevant information.
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Imagine you are a training and development specialist.
You are tasked with creating a training workshop about strong meeting facilitation. Create an outline for this workshop.
Include:
Medium: Is your training in-person, webinar, online, or some other method? Objectives: What are your intended outcomes?
Outline: What information topics will you deliver on? What activities will you ask the people in the training to do, individually and in groups? How will the content be organized?
Deliverables: What will you have attendees produce or accomplish by the end of the training to show that they have absorbed the information?
Evaluation: What can you do at the end to measure participants' feelings about the training?
The goal of training session is to provide attendees with knowledge, skills, and understanding that they can apply in their work or personal lives.
What is training?Training is the process of teaching or learning a particular skill, knowledge, or behavior through practice and instruction. In the context of machine learning, training refers to the process of teaching a computer algorithm to recognize patterns and make predictions based on input data. During training, the algorithm is fed a large amount of data, along with the correct outputs, and it adjusts its parameters to minimize the difference between the predicted output and the actual output. This process is repeated over many iterations until the algorithm can accurately make predictions on new, unseen data. Training is a crucial step in developing effective machine learning models and is essential for a wide range of applications, from image recognition and natural language processing to self-driving cars and fraud detection.
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round 312,5 up to rand
Answer:
313 rand
Explanation:
To round up any number, ynetraing decimal. Value is accessed if the value is less than or equal 4 , we round the value to 0 ; however, if the value is greater Than or equal to 5 ; we round up to 1 and add to the preceeding digit or value.
In this case ; 312. 5 will be rounded to 313 ;
Since th trailing digit is 5 ; we round up to 1 and add to the preceeding value ; 2 + 1 = 3
Hence, 313 rand
As a producer, you are willing to supply the most goods at the highest price. This is because the highest
price earns you the
most demand
highest costs
most profits
Answer: most profits
Explanation:
employees of the largest internet service provider in argentina were tricked into installing a program that locked their computers, spread to other computers on the network, and denied access to files until a ransom of $7.5 million was paid.
The employees were exposed to a form of malware known as ransomware.
The culprits tricked them into installing a program that made all the files
unusable as a result of the attack.
Ransomware however involves them demanding for a ransom for the files
and computer to become usable again. This is usually done by decrypting
the already encrypted files on the system.
This is why it is best to install softwares that prevent malware attacks on
computers and files.
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HEY PLEASE SOMEONE HELP I NEED TO SUBMIT THIS WORK IN 30 MINUTES PLEASEEE!!!
Which method of distribution is suitable for sale of Coke in your school? Justify your answer.
The Coca-Cola Company sells its products to bottling and canning operations, distributers, fountain wholesalers and some fountain retailers. They then distribute them to retail outlets, corner stores, restaurants, petrol stations and many more.
When I had this question I found the link witch is on the document very helpful.
I hope this helps.
In a game of pool, the white cue ball hits the #5 ball and stops, while the #5 ball moves away with the same velocity as the cue ball had originally. Both balls have the same mass. This type of collision is-
This type of collision is an example of an elastic collision.
In an elastic collision, the total kinetic energy of the system is conserved, and the objects bounce off each other with no loss of energy due to deformation or other factors.
Kinetic energy is a type of energy that an object possesses by virtue of its motion. It is defined as the energy that a moving object has due to its motion and is dependent on the object's mass and velocity.
In this case, the #5 ball moves away with the same velocity as the cue ball had originally, indicating that the two balls had an elastic collision.
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Net Purchases + Purchases Returns and Allowances + Purchase Discounts equals:
O A. Gross Profit.
OB. Gross Purchases.
O C. Net Income.
OD. Net Loss.
Answer:
OB. Gross Purchases.
Explanation:
Gross purchases represent all the purchases a business made in a particular period. It includes returns outwards ( purchases returns), discounts and allowances received.
Net purchases are calculated by subtracting purchase returns, discounts received, and allowances from gross purchases.
Therefore, Net Purchases + Purchases Returns and Allowances + Purchase Discounts= gross purchases.
Auditing standards require that the engagement team members engage in discussion about the susceptibility of the financial statements to the risk of fraud. How does this discussion relate to the required discussion about the risk of material misstatement?
The discussion about the susceptibility of financial statements to the risk of fraud is closely related to the required discussion about the risk of material misstatement. Material misstatements can be caused by fraud, error, or other factors, and auditors need to assess the risk of these misstatements occurring. By discussing the susceptibility of financial statements to fraud, the engagement team can identify potential areas of risk and design audit procedures to address them. This can help to prevent or detect material misstatements that may be caused by fraudulent activity. In summary, the discussion about the susceptibility of the financial statements to the risk of fraud is an important part of the overall risk assessment process and helps to ensure that the audit is thorough and effective in identifying and addressing potential misstatements.
The discussion about the susceptibility of the financial statements to the risk of fraud is related to the required discussion about the risk of material misstatement in the following way:
Auditing standards require engagement team members to discuss the susceptibility of the financial statements to the risk of fraud to identify potential areas where material misstatements may occur. This discussion helps the auditors understand the company's financial position, potential weak points in internal controls, and areas prone to fraud risks.
Material misstatement is a significant error or omission in the financial statements that may mislead users of those statements. The risk of material misstatement is the likelihood that such errors or omissions could occur.
By discussing the susceptibility of the financial statements to fraud, the engagement team can better identify and assess the risk of material misstatement. This discussion allows them to plan and perform the audit procedures more effectively, focusing on areas with a higher likelihood of material misstatement due to fraud. Consequently, this helps the auditors provide reasonable assurance that the financial statements are free from material misstatement, whether caused by error or fraud.
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Select all the events that could cause the price of a security to increase. Correct Answer(s) Drag appropriate answers) here The firm's bond rating increases. The stock price of this firm is expected to double. Abond becomes a high-yield security, A secondary market exists for this security, Drag appropriate answer(s) here Incorrect Answer(s)
The events that could cause the price of a security to increase are The firm's bond rating increases, the stock price of this firm expected to double, and a secondary market existing for this security.
The price of security is determined by the market forces of supply and demand. When the demand for security is higher than its supply, the price will increase. Security can become more valuable if there is a perceived increase in the likelihood that the issuer will pay back the principal, or if there is a higher demand from investors for the security. Below are the events that could cause the price of a security to increase:
The firm's bond rating increases.
The stock price of this firm is expected to double.
A secondary market exists for this security.
The Firm's Bond Rating Increases: A bond rating agency rates securities based on their credit risk. A higher rating indicates a lower credit risk. When a company's bond rating increases, it can borrow money at a lower cost, as investors will demand lower interest rates. This in turn makes the company's stock more attractive to investors, resulting in higher stock prices.
The Stock Price of This Firm is Expected to Double: When a company's stock price is expected to increase, more people will want to buy the stock. This increased demand will cause the stock price to rise. This is particularly true when there is a significant amount of new information about a company that suggests that its future prospects are positive.
A Bond Becomes a High-Yield Security: A bond's yield is its annual interest rate divided by its price. When a bond's yield increases, its price falls, making it more attractive to investors. When a bond becomes high-yield security, it is perceived as riskier than other bonds, which can result in a lower price. This can create an opportunity for investors to purchase the bond at a lower price, resulting in an increase in its value if the company's financial condition improves.
A Secondary Market Exists for This Security: A secondary market is a market where securities are traded after their initial issuance. This market provides investors with an opportunity to buy and sell securities. When security has a secondary market, investors have more opportunities to buy and sell the security, resulting in increased liquidity. This increased liquidity can cause the price of the security to increase.
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you have an hour between your economics and math classes. what is the opportunity cost of that time if you use it to complete your math homework instead of your economics homework?
The opportunity cost of using the hour between your economics and math classes to complete your math homework instead of your
economics homework is the value of the best alternative foregone, which in this case is the completion of your economics homework. The opportunity cost can be assessed in terms of the benefits or value you would have gained by completing your economics homework during that hour. For example, if your economics homework is more time-sensitive, requires immediate attention, or carries a higher weightage in your grading, then the opportunity classes cost of choosing math homework would be the potential loss in performance or understanding in economics. Alternatively, if your math homework is more challenging or requires significant effort, and you prioritize strengthening your math skills, then the opportunity cost could be the potential decrease in your math performance if you had chosen to prioritize economics instead. Ultimately, the opportunity cost depends on your individual priorities, the relative importance of each subject, and the specific circumstances surrounding your assignments and academic goals.
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Franklin transferred 952 photos from his phone in 17 minutes. At what rate does his phone transfer photos?
Answer:
56 photos per minute
Explanation:
952 divided by 17 is 56
if after 100% specialization and trade, the united states produces 0 coconuts and 50 bottles of milk, and jamaica produces 80 coconuts and 0 bottles of milk, what is the total world production of coconuts?
The world production of coconuts is 80 coconuts.
What is the world production of coconuts?Specialisation is when a country exclusively produces a good or service for which it has a comparative advantage in its production. A country has a comparative advantage in the production of a good or service for which it has a lower opportunity cost in its production.
The world production of coconuts is the sum of the quantity of coconut produced by the United States and the quantity of coconuts produced by Jamaica. The world production of coconuts = quantity of coconuts products by United States + quantity of coconuts products by Jamaica.
The world production of coconuts = 80 + 0 = 80
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Some security consultants working in the financial domain are currently advising a client who is investigating a potential money-laundering scheme. The investigation thus far has indicated that n suspicious transactions took place in recent days, each involving money transferred into a single account. Unfortunately, the sketchy nature of the evidence to date means that they don’t know the identity of the account, the amounts of the transactions, or the exact times at which the transactions took place. What they do have is an approximate time-stamp for each transaction; the evidence indicates that transaction i took place at time ti ± ei, for some "margin of error" ei. (In other words, it took place sometime between ti – ei and ti + ei.) Note that different transactions may have different margins of error. In the last day or so, they’ve come across a bank account that (for other reasons we don’t need to go into here) they suspect might be the one involved in the crime. There are n recent events involving the account, which took place at times x1, x2, . . . , xn. To see whether it’s plausible that this really is the account they’re looking for, they’re wondering whether it’s possible to associate each of the account’s n events with a distinct one of the n suspicious transactions in such a way that, if the account event at time xi is associated with the suspicious transaction that occurred approximately at time tj, then |tj − xi| ≤ ej. (In other words, they want to know if the activity on the account lines up with the suspicious transactions to within the margin of error; the tricky part here is that they don’t know which account event to associate with which suspicious transaction.) Give an efficient algorithm that takes the given data and decides whether such an association exists. If possible, you should make the running time be at most O(n2). Kindly explain the procedure step by step with an algorithm
There is an efficient algorithm that takes the given data and decides whether such an association exists. If possible, you should make the running time be at most O(n2).
The problem can be solved using the greedy approach, and the algorithm can be designed to run at O(nlogn) time. We can start by sorting the transactions in ascending order and mapping the account activity to each transaction. After that, we can use the greedy approach to find the best mapping for each transaction.
The greedy approach works by assigning the account activity to the nearest transaction that has not been assigned yet. If we find a transaction that is too far from the nearest account activity, we mark it as unassigned and move on to the next transaction. If all transactions have been assigned, we have found a valid mapping. If we can’t assign all transactions, we do not have a valid mapping. The pseudocode for the algorithm is as follows:
Algorithm: Let T = {t1, t2, … tn} be the set of suspicious transactions and A = {a1, a2, … am} be the set of account activities. 1. Sort T and A in ascending order. 2. For each transaction ti in T, do the following: a. Find the account activity aj that is closest to ti, and such that aj is not already assigned to another transaction. b. If |ti – aj| ≤ ei, then assign aj to ti. Otherwise, mark ti as unassigned and move on to the next transaction. 3. If all transactions are assigned, return true. Otherwise, return false.
Example:
Let T = {t1, t2, t3} and A = {a1, a2, a3, a4, a5}.
Suppose the transactions took place at times: t1 = 2, t2 = 4, and t3 = 7.
Suppose the account activities took place at times: a1 = 1, a2 = 3, a3 = 6, a4 = 7, a5 = 8.
Suppose the margins of error are: e1 = 1, e2 = 1, and e3 = 2.
We can sort T and A as follows:
T = {t1, t2, t3} → {2, 4, 7}
A = {a1, a2, a3, a4, a5} → {1, 3, 6, 7, 8}
We can then find the best mapping for each transaction as follows:
For transaction t1, the closest account activity is a2. Since |t1 – a2| ≤ e1, we can assign a2 to t1.
For transaction t2, the closest account activity is a3. Since |t2 – a3| ≤ e2, we can assign a3 to t2.
For transaction t3, the closest account activity is a4. Since |t3 – a4| ≤ e3, we can assign a4 to t3.
Since all transactions have been assigned, we have found a valid mapping. Thus, the algorithm returns true.
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Which of the following techniques helps a company learn more about its target market?
1. Market research
2. Publicity
3. Personal selling
4. Market segmentation
Answer:
Market research
Explanation:
Cupola Fan Corporation issued 8%, $470,000, 10-year bonds for $459,000 on June 30, 2018. Debt issue costs were $2,200. Interest is paid semiannually on December 31 and June 30. One year from the issue date (July 1, 2019), the corporation exercised its call privilege and retired the bonds for $465,000. The corporation uses the straight-line method both to determine interest expense and to amortize debt issue costs. Required: 1. to 4. Prepare the journal entry to record the issuance of the bonds, the payment of interest and amortization of debt issue costs on December 31, 2018 & 2019, and the call of the bonds. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Answer and Explanation:
The Journal entries are shown below:-
1. Cash Dr, $456,800
Debt issue costs Dr, $2,200
Discount on bonds payable Dr, $11,000
To Bonds payable $470,000
(Being 8% bonds issued is recorded)
2. Interest expense Dr, $19,350 ($18,800 + $550)
To Discount on bonds payable $550 ($11,000 ÷ 20)
To Cash $18,800 ($470,000 × 8%) × 6 ÷ 12
(Being interest expense on bonds is recorded)
Debt issue expenses Dr, $110 ($2,200 ÷ 20)
To Debt issue costs $110
(Being debt issue expenses is recorded)
3. Interest expense Dr, $19,350
To Discount on bonds payable $550 ($11,000 ÷ 20)
To Cash $18,800 ($470,000 × 8%) × 6 ÷ 12
(Being interest expense on bonds is recorded)
Debt issue expenses $110 ($2,200 ÷ 20)
To Debt issue costs $110
(Being debt issue expenses is recorded)
4. 8% Bonds payable Dr, $470,000
Loss on early extinguishment of debt Dr, $6,880
To Discount on bonds payable $9,900 ($11,000 - 550 - 550)
To Debt issue costs Cash $1,980 ($2,200 - 110 - 110)
To Cash $465,000
(Being bonds extinguished is recorded)
there is a surplus of a new brand of cereal on the market. what will likely happen to the price of the cereal?
Answer:
The price of the cereal would fall.
Explanation:
In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.
The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.
When there is a surplus of a new brand of cereal in the market. What will likely happen to the price of the cereal is that the its price would fall.
1. Beth and Jerry own a residential home valued at approximately $250,000. While
they were away on vacation, lightning struck their house causing a large fire that
did approximately $125,000. of damage to their home. Their homeowner's
insurance policy was up to date and they had proper damage limits in their
coverage areas. Due to the damage to their home which included most of their
furniture, electronic devices, televisions, personal clothing and Thereappliances;
they will also have to live in temporary housing until their house is repaired which
is estimated to be 10 months. Which coverage areas of their homeowner's policy
will provide the coverage for their loss including their housing? Be specific and
state why you selected your answer with examples provided.
The losses incurred by Beth and Jerry in this scenario will be covered by the homeowners' insurance policy.
Which coverage areas of their homeowner's policy will provide the coverage for their loss including their housing?
The areas of the homeowner's insurance that will cover their loss, including their housing, are listed below: 1.Dwelling Coverage: This insurance will pay for the costs of repairing any damage the fire has done to the walls, roof, and foundation of their house. In this situation, the insurance provider will provide coverage up to the policy's maximum, which in this case is $125,000. 2.Personal Property Coverage: This insurance will pay the costs of replacing or repairing personal property such as furniture, electronics, televisions, and clothing that was damaged or destroyed in the fire. Depending on the policy, the insurance company will provide coverage up to the limit stated in the policy, which can range from 50% to 70% of the dwelling coverage limit. 3.Loss of Use Coverage: This coverage will give Beth and Jerry the money they need to pay for the extra living costs they incur, like food and lodging while their house is being repaired. In this scenario, the insurance provider will provide coverage up to the maximum allowed by the policy, which, depending on the policy, can range from 20% to 30% of the dwelling coverage limit.
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Reece gave all 2018 job applicants a math test before hiring. In 2019, Reece looked at the performance appraisal scores of those applicants and found that the applicants who scored well on the math test also received high scores on the analytical aspects of their jobs as measured by their performance appraisals. Reece’s math test appears to have ______. A. Content validity B. Criterion-related validity C. Construct validity D. Reliability E. Analytics
The applicants who scored well on the math test also received high scores on the analytical aspects of their jobs as measured by their performance appraisals. Reece’s math test appears to have Criterion-related validity.
This is because all applicants are tested before being hired. From the evaluation results, Reece was able to see the relationship between test scores and performance evaluations.
The fact that applicants who performed well on math tests also performed well on the analytical aspects of their work suggests that math tests are a good indicator of job performance.
Criterion-related validity is a type of validity that assesses how well a measure relates to a criterion of interest. The two types of criterion-related validity are predictive validity and competitive validity.
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What does the big Mac index show