An unregulated monopolist, aiming for profit maximization, tends to produce less and set a higher price than in a perfectly competitive market. This misallocation, referred to as deadweight loss, reduces consumer welfare, despite sometimes allowing for the potential benefits of innovation.
Explanation:In an ideal market, firms strive to attain maximum efficiency by producing at the point where marginal cost equals marginal revenue, resulting in allocative efficiency and a price that reflects the cost to society of producing an extra unit. A monopolistic firm, not regulated and aiming for profit maximization, tends to produce less output and set a higher price than what is considered socially optimal. Specifically, a monopolist sets the price above the marginal cost, leading to a loss of allocative efficiency.
This misallocation of resources is often referred to as deadweight loss, which is a cost to society created by market inefficiency. The presence of a monopolist in the market can lead to less output and higher prices, making goods and services inaccessible to some consumers and thus reducing overall consumer welfare. The trade-off is that these monopolistic practices may, in some instances, allow for innovation and ongoing investments into the development and improvement of goods and services.
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The price and output policy of an unregulated monopolist will differ significantly from the ideal market efficiency characterized by perfect competition.
Under the assumption that firms maximize profits, several key distinctions can be made:
Price: In a perfectly competitive market, prices are determined by supply and demand, leading to equilibrium prices where marginal cost equals the market price. In contrast, a monopolist has substantial market power and can set prices above the marginal cost, often resulting in higher prices for consumers.
Output: A monopolist tends to produce less output than would occur in a perfectly competitive market. This is because the monopolist aims to maximize profits, which involves restricting supply to keep prices high.
Efficiency: In perfect competition, resources are allocated efficiently because firms produce at the lowest cost and the market-clearing price. In a monopoly, allocative efficiency is not achieved as prices are typically higher and output lower than the ideal efficiency levels.
Consumer Welfare: Monopolies can lead to reduced consumer welfare due to higher prices and lower output, resulting in a deadweight loss in the market.
Overall, unregulated monopolists tend to operate at a lower level of efficiency and may not maximize social welfare when compared to perfectly competitive markets. Government intervention through regulation or antitrust measures may be necessary to address the inefficiencies associated with monopolistic behavior.
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Which of the following exploratory market research techniques typically involves a product-oriented discussion among a small group of consumers led by a trained moderator? A. Customer insights B. Case study C. Neuromarketing D. Ethnography E. Focus group
Answer: (E) Focus group
Explanation:
The focus group is the term which refers to the diverse group of the various types of people that basically used the traditional market researcher for gathering the various types of opinions about the various types of products and the services.
The focus group is mainly used by the various types of organizations for analyzing the consumer feedback about the specific products in the market.
According to the given question, the focus group is one of the market research exploratory method that involve the product oriented various types of discussions.
Therefore, Option (E) is correct answer.
Hans Company purchased bonds of Zimmer Corporation. Hans Company expects to hold the Zimmer Corporation bonds for more than one year. On its classified balance sheet, Hans Company should report the Zimmer Corporation bonds as1. a current asset.2.an intangible asset.3.stockholders' equity.4.property, plant, and equipment.5.a long-term investment.
Answer:
5. a long-term investment.
Explanation:
A long-term investment is the accounts that are recorded on the asset of the balance sheet of an organization. Long-term investment are investments of the organisation which comprises of real estate, stocks, cash, and bonds which the company has the intention of keeping it for more than one year.
A long-term investment is different from a short term investment because the company can decide to sell it within a period less than one year.
A long term investment is more risky than the short term investment, because the long term investment has the potential give the holders higher rewards because of their willingness exercise patience and allow their capital to be tied up for a period of time that is longer.
Since Hans Company expects to hold the Zimmer Corporation bonds for more than one year, it is therefore a long-term investment.
I wish you the best.
FreshBean is an online grocery delivery service. Its employees and customers, the farmers from whom the company obtains its products, and the people who live in the community where the company operates are FreshBean's ________.A. union organizers
B. shop stewards
C. philanthropists
D. stakeholders
Answer:
D. stakeholders
Explanation:
Stakeholders -
It refers to the group of people , who are interested in the particular company and can affect the business or can get themselves affected by the business , are referred to as the stakeholders .
The primary stakeholders are the suppliers , customers , employees and investors .
Hence , from the given scenario of the question,
The correct option is D. stakeholders .
A growing trend to "Buy American" may encourage U.S. automakers to increase political pressure on Washington to pass legislation for more restrictive quotas on Japanese car imports. In addition, a decline in the value of the U.S. dollar would be instrumental in Toyota's decision to build a manufacturing plant in the United States instead of continuing to export cars from Japan. If Toyota builds the plant, its decision would reflect
Answer:
C) a positive result from regulatory and economic environmental forces.
Explanation:
In the short run the whole economy will benefit, more American jobs will be created, consumers will probably get good cars at even lower prices, but on the long run the scenario may not be that good for everyone. If Toyota builds the plant, it will be the result of economic and political pressures, and that is a game that two can play, just ask farmers about the trade deal with China.
On the other hand, this is a type of deja vu (or been there, done that), and it ended up with GM and Chrysler bankrupt and Ford barely surviving. This types of policies were enforced in the 1980s by president Reagan and the famous "Made in the USA" by Bruce Springsteen. Back then Honda had a small factory and Toyota was starting to consider building a plant in the US, Nissan hadn't showed up yet. Fast forward a few years and the only good American vehicles are pickups, the Japanese brands wiped out the rest. The country is full of Camrys, Accords, Civics, Corollas, CRVs and Rav4s. They are great cars, too great for the American car manufacturers to compete against. Who knows, with this type of policies maybe in 10 years the only American car manufacturer left will be Tesla.
This is like playing with fire on top of a fuel truck.
SweepIt Cleaning Service reported the following amounts for the week ending November 4. The total amount earned by all employees is $2,193.40. The amount withheld for federal income tax is $263.00. Social security tax is $136.00, and Medicare tax is $31.80. Three of the employees each have $11.25 deducted for hospital insurance. The amount withheld for state income tax is $38.70. For each tax/withholding, identify if the amount will be recorded in PAYROLL or EMPLOYER’S PAYROLL TAX transaction?
Answer:
The total amount earned by all employees is $2,193.40. Wages must be recorded as a payroll transaction.
The amount withheld for federal income tax is $263.00. Federal income taxes must be recorded as payroll taxes.
Social security tax is $136.00, and Medicare tax is $31.80. Social Security and Medicare must be recorded as employer's payroll taxes transactions (the employer pays them).
Three of the employees each have $11.25 deducted for hospital insurance. Health care insurance must be recorded as a payroll transaction.
The amount withheld for state income tax is $38.70. State income taxes must be recorded as payroll taxes.
The employees of Burger Prince enjoy their work very much. This is largely due to their manager. Violet, who is always sympathetic to the needs of her employees and is seldom un-cooperative. Violet can be said to be low on the agreeableness continuum.
A) True
B) False
Answer: False.
Explanation:
The agreeableness continuum is a type of scale with which individuals interpersonal relation is measured, where the very nice individuals at all times are too of the scale and the always bitter individuals are at the scale's bottom. Violet is top of the agreeableness continuum, as she is always nice to others around her.
During the current year, Walter invests $35,000 in each of two separate corporations. Each investment gives him a 20% ownership interest. Corporation X is a C corporation that has a taxable income of $200,000 and pays dividends totaling $50,000. Corporation Z is an S corporation that has a taxable income of $100,000 and pays $50,000 of dividends. As a result of these two investments, Walter
Answer:
B) Only statement II is correct.
II. Has $20,000 of taxable income from Corporation Z.Explanation:
One of the disadvantages of a C Corporation is that their owners (stockholders) are double taxed. That means that the corporation is taxed and then the stockholders are taxed depending on the dividends that they receive. In this case, Walter has $10,000 of taxable income from Corporation X (= $50,000 x 20%).
On the other hand, sole proprietorships, partnerships, limited liability companies and S Corporations are not taxed, they are pass through entities whose owners are taxed directly. In this case, Walter owns 20% of Corporation Z, therefore he must pay taxes on 20% of taxable income = $100,000 x 20% = $20,000.
After a customer buys a computer or receives service from Tech Geek, a service representative contacts each customer to conduct a survey. The survey information is a form of output.
A. True
B. False
Answer:
B) False
Explanation:
The survey information is a form of feedback which returns as information input to the company. Surveys are an extremely important tool that can help a company measure the perceived quality of their products or services. Any complaints received can help to improve the production process, and eventually improve your products and services. Some customers like being surveyed because they believe that the company cares about them and it increases their loyalty to the brand.
A group of American firms accused Japanese manufacturers of selling flat screens used in laptop computers at prices as much as 70% less than manufacturing cost. This is an example of _______.
A. A cartel
B. Embargo
C. Tariff
D. Dumping
Answer:
D. Dumping
Explanation:
Overview
It is a business policy at which foreing company's sale a product way below their normal domestic cost. Dumping is prohibited if threatens to hurt the country's economy to later take the market. D
It is considered an unfair and not loyal competitive strategy. Negative effect of dumping is that countries tries to apply more protectionism to trade making more difficult ot the domestic firms to compite with the foreing one.
7. The Johnsons are in an auto accident with a driver who lives near them in the same town. No one is injured but the Johnsons' car suffered $5,000 in damages. Why can't the Johnsons sue the other driver in federal court?
Answer:
Because the Johnson's live in the same state and the damages are too small.
Explanation:
Answer:
The Johnsons live in the same state with the other driver, intact they are neighbours. So this issue will be handled by the district court.
The damages that occurred on the Johnson's car ($5,000) is too small to be handled by federal court.
Explanation:
The Polaris Company uses a job-order costing system. The following data relate to October, the first month of the company’s fiscal year.
a. Raw materials purchased on account, $210,000.
b. Raw materials issued to production, $189,000 ($151,200 direct materials and $37,800 indirect materials).
c. Direct labor cost incurred, $50,000; indirect labor cost incurred, $20,000.
d. Depreciation recorded on factory equipment, $105,000.
e. Other manufacturing overhead costs incurred during October, $131,000 (credit Accounts Payable).
f.
The company applies manufacturing overhead cost to production on the basis of $8 per machine-hour. A total of 76,000 machine-hours were recorded for October.
g.
Production orders costing $511,000 according to their job cost sheets were completed during October and transferred to Finished Goods.
h.
Production orders that had cost $452,000 to complete according to their job cost sheets were shipped to customers during the month. These goods were sold on account at 38% above cost.
Required:
1.
Prepare journal entries to record the information given above
Answer:
A: Journal entries
Sr.No Accounts Dr. Cr.
117 Stores Ledger Control Account $ 210,000
203 Accounts Payable $ 210,000
Raw materials purchased on account, $210,000.
b. Work In Process $ 151,200
Factory Overhead $ 37,800
Materials $ 189,000
Raw materials issued to production, $189,000 ($151,200 direct materials and $37,800 indirect materials).
c. Work In Process $50,000
Factory Overhead $ 20,000
Wages Control Account $ 70,000
Direct labor cost incurred, $50,000; indirect labor cost incurred, $20,000.
d. Factory Overhead 105,000
Provision For Deprecation Account 105,000
Depreciation recorded on factory equipment, $105,000.
e. Factory Overhead Control Account $131,000
Accounts Payable $131,000
Other manufacturing overhead costs incurred during October, $131,000 (credit Accounts Payable).
f. Work In Process $608,000
Factory Overhead Control Account $608,000
The company applies manufacturing overhead cost to production on the basis of $8 per machine-hour. A total of 76,000 machine-hours were recorded for October.
g. Finished Goods $ 511,000
Work In Process $ 511,000
Production orders costing $511,000 according to their job cost sheets were completed during October and transferred to Finished Goods.
h. Account Receivable $ 623,760
Sales Account $ 623,760
Cost Of Goods Sold $ 452,000
Finished Goods Inventory $ 452,000
Production orders that had cost $452,000 to complete according to their job cost sheets were shipped to customers during the month. These goods were sold on account at 38% above cost.
Information systems, management information systems, information technology, information management, and computer information systems are often confused with one another. Which of these focuses primarily on hardware and software?
Answer:
information technology
Explanation:
Information technology is the study of systems for the sake of storing transforming and extraction of information. It includes the software and hardware for storage and transformation and retrieval of of information. All other information relates to the analysis and management of information which does not involve the hardware.
The terminology that has been focusing on both the hardware and the software has been Information technology.
The hardware has been the physical component of the computer system that enables us to provide the access to the software.
The software have been the operating systems that have been dealing with the documentation and task performed by the computers.
The terminologies dealing with hardware and software has been Information technology. It enable a person to deal with the software and the task performed by the systems with the help of the hardware devices.
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Carrie, a new salesperson for Brenham Foods, calls in an order for twice the amount of merchandise that Corner Market requested because she knows that it will increase her sales and will not be noticed by Corner Market. This is an example of how ____ influences ethical decision making.
a. opportunity.
b. exposure.
c. a significant other.
d. a peer.
e. an external reward.
Answer: Opportunity
Explanation:
Carrie's unethical decision making is triggered by the fact that she has just been given the opportunity to become the salesperson for her company. In some cases people's behavior to ethics could be negatively influenced, if they had the opportunity to occupy some key offices.
Ebdino, a company that manufactures tires, observes that the sales of its traditional tires have declined drastically and that the sales of tubeless tires have increased. Ebdino hence decides to stop manufacturing traditional tires and replace them with tubeless tires. In the context of innovation streams, which of the following concepts does this scenario best illustrate?
Technological substitution T/F
Answer: True- Technological substitution
Explanation:
The technological substitution is the term which refers to the preference of the consumers to the one product from the another and it is basically due to the advancement in the technology.
The technological substitution plays an important role at the time of purchasing the products in the market. The technological characteristics and also the features attract the consumers for buying their products and the services.
According to the given question, the Technological substitution is one of the concept that best illustrating the given scenario based on the manufacturing innovation streams.
Therefore, Technological substitution is the correct answer.
Taka is considering sending a message regarding a raise but is concerned since the company is struggling financially. Taka has determined the specific purpose of his message; however, he should answer which of the following questions before sending his message?A. Will management allow this message to be sent?B. Will anything change as a result of the message? C. Is the time right?D. Is the purpose acceptable to the organization?E. Is the purpose realistic?
A. Will management allow this message to be sent?
Answer A:
This depends upon the financial health of the company and the project for which the funds are required. If the company is raising debt finance and its financial health is not good, then it seems the management might reject the idea to raise debt finance because the company have to pay interest on this amount borrowed. But if the company is raising equity finance then greater chances exist that the management will encourage this move.
B. Will anything change as a result of the message?
Answer B:
Ofcourse, if the debt finance is used it would make the financial health of the company worse than before if the project for which the loan option is choosen does not performs well in the market. If the projects performs well then it will reduce the financial distress and head the company towards another investment to further reduce the gearing and increase the interest cover.
C. Is the time right?
Answer C:
It might be right time to borrow because after some time there might be a rare chances to borrow or raise equity because of further poor performance. It is also possible that the investment will decrease the financial gearing from its better performance, which is the need of the time. So it depends a lot on the source of finance, project profitability and time. If we use equity finance then it provides financial protection for a greater period.
D. Is the purpose acceptable to the organization?
Answer D:
If the company raising the finance to pay its debt then that's not the right option. The company must raise finance to invest somewhere else and earn a good share of investment in the comings year to meet the interest due and make another investments. It also depends what is the purpose of the fund raising. Usually the lenders prefer to pay to companies when companies make investments.
E. Is the purpose realistic?
Answer E:
If the company is making unrealistic assumptions then it is probable that the company performance in the year will be very poor. So making better forecasting is a better way to sense the risks in the market and also tells the way we must tackle these risks.
Libra Electronics specializes in manufacturing computers and computer accessories. The company is planning to introduce a whole new range of mobile phones in the market with staggered releases throughout the following five years. In this scenario, Libra Electronics is developing a(n) ________
Libra Electronics specializes in manufacturing computers and computer accessories. The company is planning to introduce a whole new range of mobile phones in the market with staggered releases throughout the following five years. In this scenario, Libra Electronics is developing a(n) Strategic plan.
Explanation:A document that depicts about the goals of an organisation and the steps that are to be taken in achieving these goals are called as strategic plans.There are three main things that are taken into consideration during the development of a strategic plans.
It must include planing visions, scenarios and issues that are related to it. In the scenario given in the question, Libra electronics has plans of introducing new range of mobile phones. It produces plans for the execution of the plan for five years and so this is an example of developing a strategic plan.
In a certain country, income tax is assessed as follows. There is no tax on income up to $15000. Any income over $15000 is taxed at a rate of 15%, up to an income of $25000. Any income over $25000 is taxed at 20%.a) Sketch the graph of the tax rate R as a function of the income I.
b) How much tax is assessed on an income of $14,000? On $26,000?
c) Sketch the graph of the total assessed tax T as a function of the income I.
Answer:
Explanation:
a) attached graph
b) 14,000 income will be exempt of taxation
26,000 income
amount above 15,000 --> 11,000
11,000 x 15% = 1,650
c) attached graph
A licensed salesperson was assisting a seller in establishing a listing price for the seller's home. Prior to giving the seller the information the salesperson had gathered, the seller told the salesperson what price the seller wanted to use to list the home. Which of the following statements BEST describes what the salesperson should suggest as a list price:
A) at or above the highest ‘asking’ comparable property, regardless of the seller’s desired price.
B) at or below the lowest comparable sold property.
C) within range of the most recent ‘asking’ and ‘sold’ comparables in view of the seller’s urgency and market conditions.
D) the amount the seller initially wanted to use for a list price.
Answer:
C) within range of the most recent ‘asking’ and ‘sold’ comparables in view of the seller’s urgency and market conditions.
Explanation:
The sales comparison approach is the most common and accepted way of appraising a real estate property. You consider the value of similar options that were recently sold or listed in the market.
Even a regular person understands that the price of house is determined by the location of the house and the value of similar properties near that location.
Then the other aspect that must be considered is how fast does the seller needs to sell his property. If you are in a real hurry, e.g. to cover medical expenses, then you might need to ask for a lower price.
$1,000 of supplies were purchased at the beginning of the month. $300 were used during the month. (The Supplies account was increased at the time of the initial purchase.) Demonstrate the required adjusting journal entry by selecting from the choices below. (Check all that apply.)
Answer:
Explanation:
Given that
Beginning of month supplies purchased for $1,000
And, the supplies used = $300
So, The adjusting entry is as follows
1. Supplies expense A/c Dr $700
To supplies A/c $700
(Being supplies expense is recorded)
The supplies expense is computed by
= Supplies balance - supplies used
= $1,000 - $300
= $700
The required adjusting journal entry is :
Debit Supplies expense for $300
Credit Supplies for $300
Since $300 of supplies were used during the month which means that the appropriate journal entry will be:
Debit Supplies expense $300
Credit Supplies $300
(To record supplies)
Inconclusion The required adjusting journal entry is:
Debit Supplies expense for $300
Credit Supplies for $300
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Tom needs a new washing machine. A new one costs $400. He decides to save and buy one next year. All other factors being equal, if inflation is 4%, the washing machine will cost ______ next year. This should be an even answer with no need for decimals.
Final answer:
If inflation is at 4%, the cost of a $400 washing machine next year would be $416, calculated using the future cost formula which considers the inflation rate.
Explanation:
If inflation is at 4%, we can calculate the cost of the washing machine next year by applying the inflation rate to the current price. The formula to calculate the future cost in the presence of inflation is:
Future Cost = Current Price × (1 + Inflation Rate)
Given that the current price of the washing machine is $400, and assuming an inflation rate of 4%, we can plug these values into our formula:
Future Cost = $400 × (1 + 0.04)
Future Cost = $400 × 1.04
Future Cost = $416
So, if inflation is at 4%, next year the washing machine will cost $416.
It is important to note that this calculation assumes a steady inflation rate and does not account for any potential changes in the price due to factors other than inflation, such as technological advancements or changes in market demand.
Additionally, we see the impact of inflation on purchasing power. As prices generally increase with inflation, the same amount of money will buy fewer goods and services.
ABC, Inc.'s income statement shows Service Revenue of $40,000, Wages Expense of $25,000 and Net Income of $1,000. The other expenses on ABC's income statement must equal ______.
A) $14,000.
B) $15,000.
C) S66,000.
D) $16,000.
Answer:
A) $14,000.
Explanation:
In the profit or loss statement, the key elements are sales and expenses and the net of these two gives the net income.
Given
Service Revenue = $40,000,
Wages Expense = $25,000
Net Income = $1,000
Total expense = $40,000 - $1,000 = $39,000
The total expense is made of the wage expense and other expenses.
Therefore, other expenses = $39,000 - $25,000
= $14,000
The Canon Corporation sells ten copiers to the Title Company on October 15 for $40,000. Canon delivers the copiers to Title on October 20; Title pays $16,000, and agrees to pay the balance on November 10.
Under the accrual basis, how much revenue should Canon recognize in November?
$0 T/F
Answer:
TRUE
$0
Explanation:
Accrual Basis is an accounting Principle that defines how to do accounting with accrual income and accrual Expenses, Under this principle, all accrual expenses get debited today but all accrual income must be a credit on that day when they received.
In this situation, canon corporation will get remain balance on November 10 but we can not record that it Earned.
Under the accrual basis, Canon Corporation should recognize the revenue from the sale of copiers in November for the remaining balance of $24,000.
Explanation:Under the accrual basis, Canon Corporation should recognize the revenue from the sale of copiers in November. Even though Title Company paid $16,000 on October 20, the remaining balance is still pending and will be paid on November 10. Canon should recognize the revenue when it is earned, which is when they have delivered the copiers to Title Company.
Therefore, in November, Canon should recognize the revenue for the remaining balance of $24,000.
When the supply curve shifts out (to the right) and the demand curve shifts out (to the right), the equilibrium quantity will:a) increase.b) decrease.c) be indeterminate.d) There is not enough information to tell.Q
Answer:
increase.
Explanation:
When the supply curve shifts out, supply increases and price falls. When the demand curve increases, the demand increases and price increases. The overall effect on demand would be an increase in demand.
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A firm began a mineral exploitation venture during the current year by spending (1) $40 million for the mineral rights; (2) $100 million exploring for the minerals, one-fourth of which were successful; and (3) $60 million to develop the site. Management estimated that 20 million tons of ore would ultimately be removed from the property. Wages and other extraction costs for the current year amounted to $10 million. In total, 2 million tons of ore were removed from the deposit in the current year. The entire production for the period was sold. Compute cost of goods sold under the successful efforts method.
Answer:
cost of goods sold 22,500,000 debit
ore deposit 12,500,000 credit
wages payables 10,000,000 credit
Explanation:
40,000,000 + 25,000,000 + 60,000,000 = 125,000,000 incurred cost to make the site ready for extractions
rate per ton:
125,000,000 / 20,000,000 = $6.25
each tons deplete 6.25 of the mining deposit.
2,000,000 tons x 6.25 = 12,500,000
then we also add up the 10,000,000 extraction cost
Suppose that the country of Samiam produces only eggs and ham. In 2005 it produced 100 dozen eggs at $3 per dozen and 50 pounds of ham at $4 per pound. In 2004, the base year, eggs sold for $1.50 per dozen and ham sold for $5 per pound. For 2005,
a. nominal GDP is $400, real GDP is $400, and the GDP deflator is 100.
b. nominal GDP is $500, real GDP is $400, and the GDP deflator is 80.
c. nominal GDP is $400, real GDP is $500, and the GDP deflator is 125.
d. nominal GDP is $500, real GDP is $400, and the GDP deflator is 125.
Answer:
d. nominal GDP is $500, real GDP is $400, and the GDP deflator is 125.
Explanation:
Real GDP is total output produced in an economy within a given period multiplied by base year prices
Nominal GDP is the sum of all final goods and services produced in an economy within a given period multiplied by current year prices.
Nominal GDP = (100 × $3) + (50 × $4) =
$500
Real GDP = (100 × 1.5) + (50 × $5) = $400
GDP deflator = (nominal gdp / real gdp) x 100
(500 / 400) × 100 = 125
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As Talia researches MNCs, she will find that they: Check all that apply. a. Transfer capital, technology, and people among their affiliates in various countries
b. Expect their executives to look at the business environment globally—as one market for strategy, sourcing, production, and sales and marketing
c. Ultimately integrate their diverse activities in a centralized headquarters function, which may be physically located in one or more countries
d. Enjoy almost universal positive regard among the public in their home country and the countries in which they operate
MNCs transfer capital, technology, and people; expect executives to consider the global business environment; integrate diverse activities in a centralized headquarters function.
Explanation:MNCs, or Multinational Corporations, engage in various activities that contribute to their global operations and success. Firstly, they transfer capital, technology, and people among their affiliates in different countries to optimize resources and expertise. Secondly, MNCs expect their executives to have a global perspective and consider the business environment as one market for strategy, sourcing, production, and sales and marketing. Thirdly, MNCs tend to integrate their diverse activities in a centralized headquarters function, which could be physically located in one or more countries.
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Trevor has discounted an entire line of products on his website and wants to use Google Display Ads to drive sales. How does Google Display Ads targeting help Trevor reach his marketing objective?
A) Google Display Ads will build a social following for Trevor’s products to improve customer engagement and drive larger transactions.
B) Google Display Ads will build Trevor’s brand awareness by showing customized ads to customers who are browsing websites that Trevor chooses.
C) Google Display Ads will help place Trevor’s ad before customers who already showed interest in his brand.
D) Google Display Ads will improve Trevor’s customer-service outreach by finding audiences using his products.
Answer:
The most suitable answer is B) Google Display Ads will build Trevor’s brand awareness by showing customized ads to customers who are browsing websites that Trevor chooses.
Explanation:
Trevor can select certain websites that are related with the product line he offers. For an example, if they are health related products, the website can be health blog.
This enables him to target the specific customers he is after and that makes the marketing campaign very effective at grabbing the customer awareness.
G-Display Ads targeting can help Trevor reach his marketing objective by building brand awareness and reaching customers who have shown interest in his products.
Explanation:G-Display Ads targeting can help Trevor reach his marketing objective by building brand awareness and reaching customers who have shown interest in his products. By using G-Display Ads, Trevor can show customized ads to customers who are browsing websites that he chooses, increasing the chances of reaching potential customers. This can lead to improved customer engagement and larger transactions.
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Ted's Taco Shop has total assets of $5 million. Forty percent of these assets are financed with debt of which $400,000 is current liabilities. The firm has no preferred stock but the balance in common stock and paid-in surplus is $1 million. Using this information what is the balance for long-term debt and retained earnings on Ted's Taco Shop's balance sheet?
Answer:
Long-term debt 1,600,000
RE 2,000,000
Explanation:
Assets = 5,000,000
40% of assets financed with debt:
5,000,000 x 40% = 2,000,000
debt can be either short or long thus if short term debt = 400,000
long term debt: total debt - short term debt
2,000,000 - 400,000 = 1,600,000
now with the basic accounting equation we solve for RE
Assets = liabilities + equity
5,000,000 = 2,000,000 + equity
equity = 3,000,000
equity in this scenario is compose of common stock and their additional paid-in which total is 1,000,000
and retained earnings Hence:
3,000,000 - 1,000,000 = 2,000,000 retained earnings
In its December 31 balance sheet, Butler Co. reported trade accounts receivable of $250,000 and related allowance for uncollectible accounts of $20,000. What is the total amount of risk of accounting loss related to Butler's trade accounts receivable, and what amount of that risk is off-balance sheet risk?
Answer:
$230,000
Explanation:
Given:
Trade accounts receivable = $250,000
Uncollected accounts = $20,000
Computation:
Total Amount Of Risk = (Trade Account receivable - Uncollected Accounts)
=( $250,000 - $20,000)
= $230,000
No , Any financial loss danger off-balance sheet resulting from registered accounts or receivable notices not include in it.
In the labor market, what causes a movement along the demand curve? What causes a shift in the demand curve?
Answer and Explanation:
Movement along the demand curve in the labor market occurs when there is any change in wages of labor. An increase in wage rate will lead to decrease in quantity of labor demanded. As a result, demand curve will move upwards and vice versa.
Reasons other that increase or decrease in price such as demand for the respective product, will lead to shift in demand curve. For example, an increase in the demand for a particular good will increase the demand for labor that will produce the product. An increase in demand for labor in this case will shift the demand curve rightwards and vice versa.
In the labor market, a movement along the demand curve represents changes in quantity of labor demanded due to changes in wage rates. A shift in the demand curve indicates a change in overall demand for labor, irrespective of wage rates, often due to factors such as changes in technology or the number of businesses in the industry.
Explanation:In the labor market, a movement along the demand curve and a shift in the demand curve are caused by different factors. A movement along the demand curve represents a change in the quantity of labor demanded, resulting from a change in the wage rate. For example, if wages decrease, businesses can afford to hire more workers, thus increasing the quantity of labor demanded.
On the other hand, a shift in the demand curve indicates a change in the overall demand for labor, regardless of the wage rate. This can be caused by various factors including changes in technology, changes in the price of the product the labor is producing, or changes in the number of firms in the industry.
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