Answer:
$2,408
Explanation:
The computation is shown below:
Data provided in the question
Decreasing percentage = 14%
Current electricity bill for a month = $2,800
So, the value of the bill in case of the successful is
= Current electricity bill for a month - Current electricity bill for a month × Decreasing percentage
= $2,800 - $2,800 × 14%
= $2,800 - $392
= $2,408
Countries outside the United States use financial accounting standards issued by the a. SEC b. IASB c. GAAP d. LLC
Answer:
Countries outside the United States use financial accounting standards issued by the;
b. IASB
Explanation:
Accounting can be defined as the profession of keeping financial records for future reference and planning. There are various bodies that issue accounting standards that need to be followed as accepted principles and practice, namely;
1. SEC
Also know as Securities and exchange Commission. This is a federal agency of the government that is independent and is charged with the responsibility of protecting investors and the regulation of security markets. It was formed by the Act of 1934 and has jurisdiction in the United States of America.
2. IASB
Also known as the International Accounting Standards Board. This is an independent private body constituted by accounting experts from different states that are vetted through strict regulations who are charged with the responsibility of developing and approving International Financial Reporting Standards. It was formed in 2001 as a replacement to International Accounting Standards Committee. It has jurisdiction internationally, even in countries outside the United States.
Rovermand Corporation is a small organization in which each member of the company is clear about his or her responsibility and whom he or she must report to. The best feature of the organization is the quick decision making, owing to its simple and direct chain of command. In the context of organization models, Rovermand Corporation is a _____ organization.a. parallel
b. matrix
c. line
d. front
Answer: Line.
Explanation:
Rovermand Corporation has a Line Organizational structure, in which each department has a manager controlling their activities and those departmental managers report back to the management of the company. The Line Organizational structure makes it easier for staff to access information on action to carry out and job supervision is effective.
A business administrator in a school is determining how classes will be scheduled, which rooms will be allocated, and who will teach each subject in the curriculum. Which of the following management functions is illustrated in this scenario?
a. Leading
b. Controlling
c. Organizing
d. Planning
Answer:
organizing
Explanation:
Organizing is one of the basic management functions which comes after planning. It is the art of properly arranging required activity to designated people.
A. Following are the transactions of a new company called Pose-for-Pics.
1. Madison Harris, the owner, invested $6,500 cash and $33,500 of photography equipment in the company in exchange for common stock.
2. The company paid $2,100 cash for an insurance policy covering the next 24 months.
3. The company purchased office supplies for $880 cash.
4. The company received $3,331 cash in photography fees earned.
5. The company paid $675 cash for August utilities.
B. Prepare an August 31 trial balance for Pose-for-Pics.
1. Debit Credit.
2. Cash.
3. Offices.
4. Prepaid insurance.
5. Photography equipment.
6. Common stock.
7. Photography fees earned.
8. Utilities expense.
Answer:
The August 31 trial balance is a debit and credit amount of $16,986
Explanation:
The journal entries for the following transactions is as follows;
General Journal Debit Credit
1. Cash $6,500
Photography equipment $33,500
Common stock $40,000
2. Prepaid insurance $2,100
Cash $2,100
3. Office supplies $880
Cash $880
4. Cash $3,331
Photography fees $3,331
5. Utilities expense $675
Cash $675
August 31 trial balance $16,986 $16,986
The August 31 trial balance is a debit and credit amount of $16,986
On Friday, Billy mails Andrew an offer, which Andrew receives on Monday. On Tuesday, Billy mails Andrew a revocation, which Andrew does not receive until Thursday. Andrew takes no action when he receives the revocation. Meanwhile Andrew mailed Billy an acceptance on Wednesday that Billy receives on Friday. Is a contract formed, and if so, on what day?
Answer:
When Andrew sent his acceptance on Wednesday a contract was formed.
Explanation:
Andrew had recieved the offer on Monday and accepted on Wednesday, although Billy sent a revocation on Tuesday.
The onus for Andrew to receive the revocation on time is on Billy, a faster means should have been taken to notify Andrew of the revocation.
So the contract was formed on Wednesday when Andrew accepted the offer.
Jagjit company designs and builds retaining walls for individual customers. on august 1, there were two jobs in process: job 93 with a beginning balance of $8,650, and job 94 with a beginning balance of $7,270. jagjit applies overhead at the rate of $9 per direct labor hour. direct labor wages average $16 per hour. data on august costs for all jobs are as follows:
Answer:
The question is incomplete find below the complete question.
Applying Overhead to Jobs, Costing Jobs
Jagjit Company designs and builds retaining walls for individual customers. On August 1, there were two jobs in process: Job 93 with a beginning balance of $8,650, and Job 94 with a beginning balance of $7,270. Jagjit applies overhead at the rate of $9 per direct labor hour. Direct labor wages average $16 per hour. Data on August costs for all jobs are as follows:
Job 93 Job 94 Job 95 Job 96
Direct materials $950 $4,500 $3,300 $1,300
Direct labor cost 2,160 5,400 2,610 900
During August, Jobs 95 and 96 were started. Job 93 was completed on August 17, and the client was billed at cost plus 40%. All other jobs remained in process.
Required:
1. Calculate the number of direct labor hours that were worked on each job in August.
2. Calculate the overhead applied to each job during the month of August.
3. Prepare job-order cost sheets for each job as of the end of August.
4. Calculate the balance in Work in Process on August 31.
5. What is the price of Job 93?
6. CONCEPTUAL CONNECTION: Partway through the year, Jagjit bought a bulldozer to handle larger jobs. The bulldozer cost $38,000 and is needed for larger commercial jobs. Smaller residential jobs can still be done with the smaller bobcat tractor. How could the bulldozer’s cost be applied to only those jobs that need the larger equipment?
Explanation:
For questions 1 to 5 ,I have the answers in the excel file.
For Question 6,the bulldozer cost can depreciated depending on the envisaged useful live.The depreciation charge per year can be apportioned to jobs that made use of the bulldozer that year on direct labor hours basis
The question pertains to computing job costs in a business that uses an overhead allocation based on direct labor hours. It involves calculating the total cost for each job by adding the beginning balance, direct labor cost, and applied overhead.
Explanation:The subject of this question pertains to the calculation of job costs in a company that applies overhead based on direct labor hours. The Jagjit Company has two ongoing jobs with beginning balances. Overhead is applied based on the use of direct labor hours. To compute the total job costs on any day, you would need to sum the beginning balance, direct labor costs (calculated as labor hours multiplied by wage rate), and applied overhead (calculated as labor hours multiplied by overhead rate).
For example, if Job 93 took 10 labor hours on August 1st, its direct labor cost would be 10 × $16=$160, and applied overhead would be 10 × $9=$90. The total cost for Job 93 on that day would thus be $8,650 (beginning balance) + $160 (labor cost) + $90 (overhead) = $8,900.
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The Brainchild is a store that specializes in educational toys for children. In order to increase the probability of customers visiting the store, it has now introduced offers such as discounts, gift wrapping, and free shipping. The Brainchild is looking to increase the chances of customer purchases by ________.
Options: decreasing an importance weight. increasing a performance belief. decreasing the performance belief for a competitive retailer. adding new benefits. focusing on all benefits.
Answer: ADDING NEW BENEFITS.
Explanation:Adding new benefits or improving existing benefits are ways used by Store or business organisations to attract new customers or to retain existing ones or improve its number of loyal customers.
Benefits are free services or gifts given, Brainchild has increased the benefits of buying from its store by offering discounts, gift wrapping, and free shipping,all these will attract more customers to its store and hence increase loyal customers and number of customers.
Suppose the nation of Canada forbids international trade. In Canada, you can obtain a hockey stick by trading 5 baseball bats. In other countries, you can obtain a hockey stick by trading 8 baseball bats. These facts indicate that:________
A. If Canada were to allow trade, it would export hockey sticks.
B. Canada has an absolute advantage, relative to other countries, in producing hockey sticks
C. Canada has a comparative advantage, relative to other countries, in producing baseball bats.
D. All of the above are correct.
Answer:
A. If Canada were to allow trade, it would export hockey sticks
Explanation:
A Comparative advantage is said to exist when one nation sacrifices fewer resources than another to produce same quantity of a product. It means the nation with lower opportunity cost (in terms of units of production of other good sacrificed), than others, holds a comparative advantage.
In the given case, Canada sacrifices fewer (i.e 5 bats against 8 bats) units of baseball bats to produce a hockey stick, than other nations.
This means Canada holds a comparative advantage relative to other countries, in production of hockey sticks.
Hence, if Canada were to allow trade, it would export hockey sticks.
Aurora received a $25,000 bonus computed as a percentage of profits. In 2016, Aurora’s employer determined that the 2015 profits had been incorrectly computed, and Aurora had to refund the $8,000 in 2016. Assume that Aurora was in the 35% tax bracket in 2015 but in the 15% bracket in 2016.
a. In 2015, how much is Aurora required to include in income?
b. In 2016, what is the amount of the deduction Aurora can claim? What is the reduction in taxes for 2016 as a result of the deduction?
Answer:
A) gross income includes wages, tips, bonuses, overtime pay and reimbursements. So Aurora had to include the $25,000 in her gross income in 2015.
B) Since Aurora had to pay 35% taxes on the complete 25,000, she can claim a deduction equivalent to 35% of $8,000 = $2,800. Therefore, Aurora's taxes will be reduced by $2,800 in 2016.
Individuals pay income taxes depending on their marginal tax rate, that is probably why the $25,000 raised Aurora's tax bracket to 35% from a lower tax bracket. So when she claims a deduction she must calculate it based on her marginal tax rate of the previous year (35%).
Final answer:
In 2015, Aurora is required to include the full bonus of $25,000 as income, and in 2016, she can claim a deduction of $8,000. The reduction in taxes for 2016 as a result of the deduction is $1,200.
Explanation:
To calculate the tax implications for Aurora related to the bonus refund, we must consider the corresponding tax brackets for 2015 and 2016.
2015 Tax Implications
Aurora's income inclusion for 2015 is the full amount of the bonus, which is $25,000. Since she's in the 35% tax bracket for that year, the tax on the bonus would be 35% of $25,000, which equals $8,750.
2016 Tax Implications
In 2016, when Aurora has to refund $8,000 of her bonus, she can claim this as a deduction. Aurora's new tax bracket is 15%. The tax reduction is 15% of the $8,000 deduction, calculating to $1,200.
Jenna Raiter, the president and CEO of AutoMotion Auto Service Centers, has asked several managers and employees to help establish a statement to outline the fundamental purposes of their company. The result of this effort is likely to be a document known as a(n):A. payoff matrix.B. mission statement.C. tactical plan.D. organization chart
Answer:B. mission statement
Explanation:A mission statement is a statement that is short and outline the purpose of an organization , their overall goals and why they operate , their product and services , and the fundamental values that drives that company and what they vision is for their future. This statement is the clear direction to the employees on what the company aims to accomplish and and it make it clear to the employees what is the purpose of the company.
Pietro, the vice president of marketing, is talking to Ryan, a sales manager in a foreign office, about several local situations that Ryan’s reps are facing in their territory. Pietro tells Ryan that he believes there are differences and similarities between home and foreign personnel and practices, and that Ryan should use whatever techniques are most effective. Pietro is a(n) ________ manager.a. parochial
b. global
c. geocentric
d. polycentric
e. ethnocentric
Answer:
gotta be C
Explanation:
As a store manager, Leah has to play the role of negotiator, such as purchasing products at a fair price for her company. As she handles this responsibility, Leah is playing the ________ role.
disseminator
decisional
leadership
bargainer
interpersonal
Answer:
decisional
Explanation:
She is playing a decisional role in the above scenario since she has to make the necessary arrangements and arguments and select the best possible price for the given scenario.
Which of the following is a true statement?
A. Most economists believe that increases in real GDP actually produce decreases in overall economic well-being because of spillover costs.
B. Economists who support economic growth say that it is the most practical route to the higher standards of living that the vast majority of people desire.
C. Most economists believe that the recent rise in the average rate of productivity growth implies an end to the business cycle.
D. Mainstream economists disagree as to whether the rate of productivity growth was higher between 1995 and 2009 or between 1973 and 1995.
Answer:
Option B
Explanation:
Economic growth refers to the rise throughout the inflation-considered market worth of the economically produced goods and services over time. It is classically calculated as a real gross domestic product,percentage of rise.
The standard of living of an individual or socioeconomic class is the level of income, pleasure, material things, and essentials that are accessible with them in a specific geographical region, typically a nation.
Thus, from the above we can conclude that the correct option is B .
A firm's _____ relates to its ability to create value for customers (V) while containing the cost to do so (C). A. strategic position. B. incumbency. C. threat of entry
Answer: (A) A strategic position
Explanation:
A firm's strategic position is basically refers top the relative position in an organization that helps in perform the various types of functions and also decisions against the rival in the industry.
In the industry it helps in developed the various types of values for understanding the capabilities in the competitive environment.
According to the given question, by using the strategic position concept w can able to create the values for the consumers.
Therefore, Option (A) is correct answer.
Final answer:
A firm's A) strategic position relates to its ability to generate customer value while controlling costs. This includes managing entry barriers, which can be natural, like scale economies, or strategic, like incumbents signaling strength to deter new entrants and fostering customer loyalty.
Explanation:
The student's question pertains to a firm's A) strategic position, which relates to the firm's capability to create value for customers, denoted by 'V,' while managing to contain or minimize the cost of creating that value, denoted by 'C.' The strategic position is crucial in determining the competitiveness and potential profitability of the firm within its industry.
An important aspect of strategic positioning involves understanding entry barriers in the market, which are factors that can prevent or discourage new competitors from entering an industry. These barriers may involve scale economies, capital requirements, customer loyalty, and incumbent strategies to prevent entry. Firms use various strategies such as signaling, involving activities like pricing models to indicate strength and deter new entrants, or developing customer loyalty to establish a stronghold in the market.
Consequently, the strategic position of a firm is informed by both intended and unintended barriers to entry. Intended barriers are strategic efforts made by incumbent firms to prevent new firms from entering the market, whereas unintended barriers arise naturally from market conditions such as scale economies and market size.
MTH Bank has given the McKelvey's a written pledge to lend $250,000 on a new construction home, for 30 years, at 6.53%. The McKelvey's will now present this pledge to the subdivision's sales agent to continue with their new home's construction. Which loan definition applies?
A. Conditional Approval
B. Underwriting
C. Exculpatory Clause
D. Non-Recourse Clause
Answer:Conditional approval
Explanation:This is a loan that has been approved but there are still conditions which are still pending that need to be met such as some outstanding documents or other conditions such as in this case they still need to take this pledge to the subdivision sales agent.
A small computing center has found that the number of jobs submitted per day to its computers has a mean of 94 jobs and a standard deviation of 10. Where do we expect the number of jobs per day to fall most of the time (95.4%)?
Answer:
Explanation:
mean m = 94
standard deviation = 10
This problem relates to normal distribution .
For 95.4 % possibility the deviation must not exceed 2 x standard deviation
or no of jobs should fall within range of
94 + or - 2 x 10
94 + 20 = 104
94 - 2 x 10 = 74
no of job should fall between
104 and 74
You have driven 500 miles on a vacation and then you notice that you are only 25 miles from an attraction you hadn't known about, but would really like to see. In computing the opportunity cost of visiting this attraction you has not planned to visit, you should include a. both the cost of driving the first 500 and the next 25 miles. b. the cost of driving the first 500 miles, but not the cost of driving the next 25. c. the cost of driving the next 25 miles, but not the cost of driving the first 500. d. neither the cost of driving the first 500 miles nor the cost of driving the next 25 miles.
Answer:
C. the cost of driving the next 25 miles, but not the cost of driving the first 500.
Explanation:
Suppose that your employee Richard has been having trouble with the paperwork he must do for his job. Your goal is for the employee to improve his performance; i.e. decrease his rate of errors. You are considering two approaches: Option 1 is to spend time with Richard every day helping him with his job and appreciating him every time he performs well. This is an appealing option to Richard because he appreciates the attention and sees it as a reward. Option 2 is to tell Richard that he would not be entitled to any incentive until his performance improves. Option 1 in the scenario above is an example of____________.a. negative reinforcement.
b. extinction.
c. punishment.
d. none of the above
e. positive reinforcement.
Answer:(E) Positive reinforcement
Explanation:
According to the given scenario, the positive reinforcement is one of the type of psychological behavior that helps in strengthening the behavior of the organisms.
The Option (1) is basically illustrating the concept of the positive reinforcement as Richard is spend his maximum time in the job and appropriate him when he perform well in the work.
The positive reinforcement is one of the type of operant conditioning in which it define the various types of new behavior and focuses on reducing the unwanted things.
Therefore, Option (E) is correct answer.
The Carter National Bank is worried because it knows that the municipal bonds it has in its bond portfolio can be difficult to sell quickly. What type of risk would this be an example of?
A) Basis risk.
B) Call risk.
C) Default risk.
D) Inflation risk.
Answer:
liquidity risk
Explanation:
Liquidity risk refers to the risk associated with not being able to fulfill short term debts and obligations. Liquid assets are those assets that can be easily converted to cash, e.g. T-bills, publicly traded stocks.
Illiquid assets are those that cannot be easily converted to cash, e.g. real estate property. It doesn't mean that they are a bad investment, but if the company needs cash fast, they need to look somewhere else.
Find the sticker price for a vehicle with the following features and costs: Suggested retail price of $13,760, destination charge of $475, equipped with AC, cruise control, and a custom sound system for $800, $235, and $510, respectively.
(Points : 2)
$15,780
$13,780
$13,390
$11,780
Answer:
$15,780
Explanation:
The sticker price for a vehicle with all the features is the total of all the given cost elements.
These include the retail price, destination charge, cruise control, custom sound etc.
Hence, the sticker price for the vehicle
= $13,760 + $475 + $800 + $235 + $510
= $15,780
The total sticker price of the vehicle considering the retail price, destination charge, and additional features (AC, cruise control, custom sound system) is $15,780.
Explanation:To find the sticker price for the vehicle, we need to add up all the costs presented. The suggested retail price is $13,760. Added to that is the destination charge of $475. The extras such as AC, cruise control, and a custom sound system are priced at $800, $235, and $510 respectively. All these together add up to: $13,760 (retail price) + $475 (destination charge) + $800 (AC) + $235 (cruise control) + $510 (custom sound system) = $15,780. Therefore, the sticker price for the vehicle with these features and costs is $15,780.
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Millishk, a creamery that produces ice cream and yogurt, has a production facility in every country it operates in. The company uses different ingredients for the manufacture of its products based on local preferences. In the company's management structure, each production facility is considered a department. Given this information, Millishk most likely follows _____
A) functional departmentalization
B) geographic departmentalization
C) customer departmentalization
D) product departmentalization
Answer:
B. geographic departmentalization
Explanation:
Geographic departmentalization -
The term departmentalization refers to the method of grouping the specific portion into departments.
The method of grouping , in term of geographical area or territory , is referred to as geographic departmentalization .
This division is done in order to get advantage for the particular area , in the process of manufacturing , producing and sale , which is beneficial to the company .
Hence , from the given scenario of the question ,
The correct term is geographic departmentalization .
Ashley Anderson pays her HOA dues of $660 for the calendar year. She then sells her property and closes on June 15. What is the amount of the prepaid portion that is due back to Ashley using the 12 month, 360 day proration?
Answer:
The amount of the prepaid portion that is due back to Ashley using the 12 month, 360 day proration is=$362.34
Explanation:
Step 1: Determine HOA per day
Use the expression below to determine HOA per day;
T=H×N
where;
T=total HOA dues per year
H=HOA per day
N=number of days in a year
In our case;
T=$660
H=unknown
N=360 days
Replacing;
660=H×360
360 H=660
H=660/360
H=$1.83 per day
Step 2: Determine amount of HOA that is due back
Using the same expression;
T=H×N
but;
T=unknown
H=$1.83 per day
N=(June, 15 days)+(July, 30)+(Aug, 31)+(Sep. 30)+(Oct 31)+(Nov 30)+(Dec 31)
N=(15+30+31+30+31+30+31)=198 days
Replacing;
T=(1.83×198)=$362.34
The amount of the prepaid portion that is due back to Ashley using the 12 month, 360 day proration is=$362.34
If one worker produces 15 cones of ice cream in an hour, two workers produce 25 ice cream cones, and three workers produce 30 ice cream cones in an hour, what is the marginal return of production of the second worker?
Answer:
The marginal return of production of the second worker or marginal product of the second worker is 10 cones.
Explanation:
One worker can make 15 cones of ice cream in an hour.
Two workers can make 25 cones in the same time.
While three workers can make 30 cones in an hour.
The marginal return of the production of the second worker is the contribution of the second worker in the total output.
Marginal return
= 25 cones - 15 cones
= 10 cones
Final answer:
The marginal return of production of the second worker is 10 ice cream cones, determined by subtracting the production output of one worker from that of two workers.
Explanation:
The marginal return of production of the second worker is the additional number of ice cream cones produced by the second worker, over and above what was already being produced by the first worker. Since one worker produces 15 cones and two workers produce 25 cones, the marginal return of the second worker can be calculated as follows:
25 cones (produced by two workers) - 15 cones (produced by one worker) = 10 cones
Therefore, the marginal return of production of the second worker is 10 cones.
You land a marketing job with Canon after graduation– in the digital camera division. After introducing a new digital camera, you estimate that the price-elasticity of demand for the camera equals 2 and the income-elasticity is equal to 0.5. Furthermore, the cross-price elasticity with a similar Kodak camera is equal to 1.25. Using this information, you would conclude that the product is income-:
Answer:
The answer is inelastic.
Explanation:
Since the income-elasticity is 0.5(less than 1), it means the product is income inelastic. Income inelastic means that increase in income of households does not mean there will be an increase in quantity demanded(i.e an increase in income lead to decrease in quantity of Canon demanded).
The cross-price elasticity with Kodak camera is equal to 1.25. This means that Kodak and Canon are substitutes
Brendan and sean combined their love of baseball with a business venture. they purchased a small cart and began selling memorabilia outside of their hometown stadium. their first year went well, but the past two years have been quite a struggle. due to poor economic conditions and the team’s horrible record, ticket sales at the stadium are down, which has significantly hurt their sales as well. as a recent business graduate, you explain to brendan and sean thata) this type of business is always high risk because it is seasonal.
b) the business does not fill a sufficient need for most people.
c) environmental circumstances are dynamic and tough to control.
d) social entrepreneurs are currently getting most of the attention.
Answer:
The correct answer is C
Explanation:
Environmental Circumstance is the term which is defined as the any circumstances which is forming the grounds of any alleged violation or liability under the Law or Permit of Environmental.
Under this situation, both of them started a business, which performed well in its 1st year, but in the second year the business does not perform well due to the horrible record of team and poor economic conditions. Therefore, this condition will be explained as the environmental circumstances are tough to control as well as are dynamic in nature.
A regional manager at GNC, a chain of retail stores selling nutritional supplements, is reviewing sales data after a recent in-store promotion. The data show success in some stores and limited response in others. To understand the differences between stores, the manager will probably next review the company's
Answer:
implementation programs, to see if the promotion was handled consistently in the different stores.
Explanation:
The manager should evaluate the processes at the stores to find out if there are specific actions that are being taken by some of the successful stores that the less successful ones are not doing.
Difference in implementation could be the source of the inconsistent performance.
The regional manager will review the company's local product offerings and how inventory and sales have been tracked across different stores to understand performance differences. Analyzing marketing trends and promotional strategies used by each store will also provide valuable insights. Key data points include sales trends, customer feedback, and promotional impact.
A regional manager at GNC, a chain of retail stores selling nutritional supplements, is reviewing sales data after a recent in-store promotion. To understand the differences between the stores' performances, the manager will likely next review the company's local product offerings. By examining how inventory and sales have been tracked across different stores, the manager can better understand which products were more successful in certain locations.
Additionally, it would be helpful for the manager to analyze the marketing trends and promotional strategies used by each store. Factors such as the effectiveness of in-store displays, the engagement of store employees with customers, and regional customer preferences could provide valuable insights. Examples of key data points to look at include sales trends for various products, customer feedback, and the impact of promotional activities.
Kevin analyzes the quarterly earnings statements of some fifty obscure small-cap stocks. He then buys according to the earnings pattern disclosed. If he can generate consistent abnormal returns in this manner then this is a failure of:_______.
a) weak form efficiency.
b) semi-strong form efficiency.
c) strong form efficiency.
d) all of the above.
e) none of the above.
Answer:
Semi-strong form efficiency.
Explanation:
Semi-strong form efficiency contends that security prices have factored in publicly-available market and that price changes to new equilibrium levels are reflections of that information. It is considered the most practical of all Efficient Market Hypothesis(EMH) hypotheses but is unable to explain the context for material nonpublic information (MNPI). It concludes that neither fundamental nor technical analysis can be used to achieve superior gains and suggests that only MNPI would benefit investors seeking to earn above average returns on investments.
Economics is
A. the narrow study of how to make money in financial markets
B. the broad study of how to allocate unlimited resources to satisfy limited uses
C. the broad study of how to allocate limited resources to satisfy unlimited wants
D. the narrow study of using stocks and bonds to their maximum potential E. the narrow study of how to be conservative in financial affairs
Answer:
C. the broad study of how to allocate limited resources to satisfy unlimited wants
Explanation:
Lionel Robbins defines economics as the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses."
Economics studies the economy as a whole. This indicates that economics is broad.
The needs of man are unlimited but the resources to satisfy this needs are scarce and limited.
I hope my answer helps you
The bulk of costs related to legal expenses come from: a. Photocopying b. Online research through legal subscription services c. Attorney's and paralegal's time d. Filing fees
Answer:
c. Attorney's and paralegal's time
Explanation:
Attorney's and paralegal's time is worth much more than any papper the case requires to print as they get charged above $200 dollar per hour and all the job put into writting Subpoenas, law-suit meeting with the judge, with the other lawyers, negociating and recording testimony among and other legal activities is billed and makes up for the mayority of the case legal cost
The correct option is c. Attorney's and paralegal's time.
Legal expenses are primarily composed of the time spent by attorneys and paralegals working on a case. This includes time spent on research, drafting documents, meetings with clients, court appearances, and other tasks related to the case. Since legal professionals charge for their time, often at a high hourly rate, this category typically constitutes the largest portion of legal expenses.
Let's consider the other options for comparison:
a. Photocopying: While photocopying is a necessary part of legal work, especially in the preparation of briefs and the reproduction of evidence, the cost of photocopying is relatively small compared to the cost of professional time.
b. Online research through legal subscription services: Legal research is an essential component of case preparation, and subscription services can be expensive. However, the cost of these services is generally less than the cost of the hours billed by attorneys and paralegals.
d. Filing fees: Filing fees are the costs associated with submitting documents to the court. While these fees can be significant, especially in jurisdictions with high fees or in cases requiring numerous filings, they typically do not exceed the costs associated with the time of legal professionals.
In summary, while photocopying, online research, and filing fees are components of legal expenses, the most substantial cost is the time billed by attorneys and paralegals, making option c the correct answer.
Internal sources of generating product ideas include ________. Select one: a. wholesalers b. existing customers
Final answer:
Internal sources of generating product ideas include wholesalers and existing customers.
Explanation:
Internal sources of generating product ideas include wholesalers and existing customers. Wholesalers can provide valuable insights into market trends and customer preferences based on their interactions with retailers and consumers. Existing customers, on the other hand, can offer feedback and suggestions for product improvements or new product ideas based on their experiences with the company's offerings.