Answer:
A-Positive
B-Positive
C-Negative
D-Negative
E-Negative
Explanation:
To begin with, the term known as ''cross elasticity of demand'' refers to an economic concept that measures the quantity demanded of a good when a change in the price of other good takes place.
In the case of the umbrellas, as being products very equal the most common thing to happen is that when the price of one of them increases the quantity demanded of the other will increase too regarding the fact that the second one will be cheaper. Therefore establishing a positive cross elasticiy of demand due to the fact that they are two substitute products.
In the case of the Coca-Cola and Pepsi, both products are also substitute and therefore it is obvious that the cross elasticity of demand will be positive due to the fact that if the price of one of them increases then the quantity demanded of the other will increase as well too.
In the cases C, D and E the most likely thing to happen is that when the price of one of them increases then the quantity demanded of the other will decrease due to the fact that they are two complementary goods whose cross elasticity of demand is negative. Because the complementary goods are those that whose appeal increases with the demand of its complement and that happens in the cases of the grape jelly and peanut butter, the chocolate chip cookies and milk and the computers and software.
The cross-price elasticity of demand would be positive for substitutes (red and black umbrellas, Coca-Cola and Pepsi); negative for complements (grape jelly and peanut butter, chocolate chip cookies and milk, computers and software).
Explanation:The cross-price elasticity of demand measures how the quantity demanded of one good changes with respect to the price change of another good. It indicates whether two goods are substitutes, complements, or unrelated.
Red umbrellas and black umbrellas: The cross-price elasticity of demand would be positive. These are substitute goods. If the price of red umbrellas rises, people would likely buy more black umbrellas.Coca-Cola and Pepsi: The cross-price elasticity of demand would be positive. These are substitute goods. If the price of Coca-Cola increases, the demand for Pepsi would likely rise.Grape jelly and peanut butter: The cross-price elasticity of demand would be negative. These are complementary goods. If the price of grape jelly increases, the demand for peanut butter may decrease as they are often bought together.Chocolate chip cookies and milk: The cross-price elasticity of demand would be negative. These are complementary goods. If the price of chocolate chip cookies rises, the demand for milk might decrease, as they are often consumed together.Computers and software: The cross-price elasticity of demand would be negative. These are complementary goods. If the price of computers rises, the demand for software might decrease as software is typically used on computers.Learn more about Cross-price Elasticity of Demand here:https://brainly.com/question/33762697
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One concern of multisource rating is that those peers who rate poor-performing coworkers tend to inflate the ratings so that the peers themselves can get higher overall evaluation results in return
Answer:
The statement is: True.
Explanation:
Multisource rating or 360-degree feedback is a collaborative approach that firms implement to engage the maximum number of employees possible in evaluating the firm and giving an insight into workers' performance. One disadvantage of this drill is the fact that employees with low performances could see their results altered after the multisource rating because their coworkers rated higher the actual performance of those individuals not to affect them.
The price-earnings ratio P/E is the ratio (market value of one share)/(earnings per share). If P/E increases by 17% and the earnings per share decrease by 8%, determine the percentage change in the market value. Round your answer to the nearest percentage point.
The percentage change in the market value can be calculated using the formula (Percentage change in P/E - Percentage change in earnings per share) / (1 + Percentage change in P/E) * 100. Plugging in the given values, the percentage change in the market value is 21.37%.
Explanation:The price-earnings ratio (P/E) is the ratio of the market value of one share to the earnings per share. To determine the percentage change in the market value when the P/E increases by 17% and the earnings per share decrease by 8%, we can use the formula:
Percentage change in market value = (Percentage change in P/E - Percentage change in earnings per share) / (1 + Percentage change in P/E) × 100
Plugging in the given values:
Percentage change in market value = (17% - -8%) / (1 + 17%) × 100
Percentage change in market value = (25%) / (1.17) × 100
Percentage change in market value = 21.37%
The ledger of Duggan Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared. Debit CreditPrepaid Insurance $4,020 Supplies 2,620 Equipment 28,270 Accumulated Depreciation-Equipment $8,580 Notes Payable 24,980 Unearned Rent Revenue 7,800 Rent Revenue 60,880 Interest Expense –0– Salaries and Wages Expense 22,050 An analysis of the accounts shows the following.1. The equipment depreciates $290 per month.2. One-third of the unearned rent was earned during the quarter.3. Interest of $680 is accrued on the notes payable.4. Supplies on hand total $850.5. Insurance expires at the rate of $370 per month.Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)
Answer:
Explanation:
The adjusting entries are shown below:
1. Depreciation Expense A/c Dr $870 ($290 × 3 months)
To Accumulated Depreciation - Equipment A/c $870
(Being depreciation expense is recorded)
2. Unearned rent A/c Dr $2,600 ($7,800 ÷ 3)
To Rent revenue A/c $2,600
(Being the unearned rent is recorded)
3. Interest expense A/c Dr $680
To Accrued Interest A/c $680
(Being the interest expense is recorded)
4. Supplies expense A/c Dr $442.50
To Supplies A/c $442.50
(Being the supplies expense is recorded)
The computation is shown below:
= (Supplies balance - supplies on hand) ÷ (total number of quarters in a year)
= ($2,620 - $850) ÷ 4
= $442.50
5. Insurance expense A/c Dr $1,110 ($370 × 3 months)
To Prepaid insurance A/c $1,110
(Being the insurance expense is recorded)
The adjusting entries for Duggan Rental Agency on March 31 include adjusting for depreciation, recognizing earned unearned rent, accruing interest, adjusting for supplies used, and recognizing expired prepaid insurance.
Explanation:The adjusted entries for Duggan Rental Agency on March 31 are as follows:
Depreciation Expense: Debit Accumulated Depreciation-Equipment $870, Credit Depreciation Expense $870. This adjusts for the $290 monthly depreciation of the equipment.Rent Revenue: Debit Unearned Rent Revenue $2,600, Credit Rent Revenue $2,600. This recognizes one-third of the unearned rent as earned during the quarter.Interest Expense: Debit Interest Expense $680, Credit Interest Payable $680. This accrues the interest on the notes payable.Supplies Expense: Debit Supplies Expense $1,770, Credit Supplies $1,770. This adjusts for the supplies used during the quarter, leaving $850 on hand.Insurance Expense: Debit Insurance Expense $1,110, Credit Prepaid Insurance $1,110. This recognizes the $370 monthly expiration of the prepaid insurance.Learn more about Adjusting entries here:https://brainly.com/question/33175618
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At age 32 you invest $1,500 that earns 9 percent each year. At age 47 you invest $1,500 that earns 12 percent per year. In which case would you have more money at age 65?
Answer:
2500 is your answer
Explanation:
Final answer:
To determine in which case you will have more money at age 65, we need to calculate the future value of the investments at that age. The first investment made at age 32 with $1,500 at 9 percent interest would have a future value of approximately $44,081.60 at age 65. The second investment made at age 47 with $1,500 at 12 percent interest would have a future value of approximately $11,418.38 at age 65.
Explanation:
To determine in which case you will have more money at age 65, we need to calculate the future value of the investments at that age.
For the first investment made at age 32:
Using the formula for compound interest, we calculate the future value of $1,500 invested at 9 percent interest for 33 years (from age 32 to 65):FV = $1,500 * (1 + 0.09)33
Simplifying the calculation:FV = $1,500 * (1.09)33
Calculating the future value using a calculator:FV = $1,500 * 29.3877343
The future value would be approximately $44,081.60.For the second investment made at age 47:
Using the same process, we calculate the future value of $1,500 invested at 12 percent interest for 18 years (from age 47 to 65):FV = $1,500 * (1 + 0.12)18
Simplifying the calculation:FV = $1,500 * (1.12)18
Calculating the future value:FV = $1,500 * 7.6122532
The future value would be approximately $11,418.38.Comparing both cases, we can see that the first investment made at age 32 would have a higher future value at age 65 with approximately $44,081.60.
Therefore, the first investment would result in having more money at age 65.
Choosing whether to use a rational or emotional positioning appeal requires analysis of several factors. Which factor listed below is NOT relevant for this decision?
a The target audience
b How competitors use rational versus emotional appeals
c How target customers choose a brand
d How target customers use the product
e Whether or not the product will be priced at a premium
Answer:
e. Whether or not the product will be priced at a premium
Explanation:
The rational or emotional positioning appeal in marketing are both advertising appeals such that the advertisers create their marketing strategies that either appeals to the rational or the emotional side of the consumer. Usually, the factors to consider in creating these appeals include: the organisation type and product or service type, the target customers and how they choose brands or products based on maturity and then the product satisfaction.
It becomes clear from the explanation above, that the emotional and rational appeal advertising does not take the price of the product or service into consideration.
Final answer:
The factor that is NOT relevant in choosing between rational or emotional positioning appeal is whether the product will be priced at a premium. Emotional and rational appeals are chosen based on how they engage the target audience and not based on the pricing strategy. Thus, option E is correct.
Explanation:
In the context of choosing between rational or emotional positioning appeal in marketing strategies, several factors must be considered. The relevant factors include understanding the target audience, observing competitor behavior in using either appeal, and recognizing how customers choose and use the product. The question asks which of the listed factors is not relevant to this decision, and the answer is e Whether or not the product will be priced at a premium. Pricing strategy does not determine the type of appeal—rational or emotional—but rather the appeal is chosen based on the effective engagement and persuasion of the target audience.
Emotional appeals often engage the audience by relating to their needs or emotions, and can be effective in marketing if they resonate well with the audience's values, cultural beliefs, and life experiences. On the other hand, rational appeals focus on presenting logical arguments or factual information that persuade the audience through clear reasoning and evidence.
Last year Rain Repel Corporation had an ROE of 10 percent and a dividend payout ratio of 80 percent. What is the sustainable growth rate? Multiple Choice 1.11 percent 2.04 percent 44.44 percent 50.00 percent
Answer:
2.04 percent
Explanation:
Given that,
ROE = 10 percent
Dividend payout ratio = 80 percent
ROE = Net income ÷ Equity
= 10 percent
Retention Ratio = 1 - Dividend payout ratio
= 1 - 80 percent
= 0.2 or 20%
Therefore,
Sustainable growth rate:
= (ROE × Retention Ratio) ÷ [1 - (ROE × Retention Ratio)]
= (10% × 20%) ÷ [1 - (10% × 20%)]
= 0.02 ÷ (1 - 0.02)
= 0.02 ÷ 0.98
= 0.0204 or 2.04%
The correct answer is option B). At ROE of 10 percent and a dividend payout ratio of 80 percent the sustainable growth rate is 2.04 percent.
The following formula can be used to determine the sustainable growth rate (SGR):
[tex]\[ \text{SGR} = ROE \times (1 - \text{Dividend Payout Ratio}) \][/tex]
Given:
Return on Equity (ROE) = 10%
Dividend Payout Ratio = 80%
The first thing we must do is figure out the retention ratio, or the percentage of net income held by the business and not distributed as dividends. The retention ratio is calculated as:
[tex]\[ \text{Retention Ratio} = 1 - \text{Dividend Payout Ratio} \][/tex]
Substitute the given values:
[tex]\[ \text{Retention Ratio} = 1 - 0.80 = 0.20 \][/tex]
Calculation of the Sustainable Growth Rate (SGR):
[tex]\[ \text{SGR} = ROE \times \text{Retention Ratio} \][/tex]
[tex]\[ \text{SGR} = 0.10 \times 0.20 = 0.02 = 2\% \][/tex]
So, the sustainable growth rate is:
[tex]\[ \text{B) 2.04 percent} \][/tex]
The complete question is:
Last year Rain Repel Corporation had an ROE of 10 percent and a dividend payout ratio of 80 percent. What is the sustainable growth rate?
A) 1.11 percent
B) 2.04 percent
C) 44.44 percent
D) 50.00 percent
Tray's job is to survey personnel, customers, and corporate partners regarding what other firms in the market are doing. He also reads industry magazines and conducts online searches, gathering and synthesizing information about everyone in the business. Tray is engaged inA. Demographic data.
B. Intuitive diagnostics.
C. Regional regression analysis.
D. Macroeconomic variabel analysis.
E. Competitive intelligence.
Answer:
The correct answer is letter "E": competitive intelligence.
Explanation:
Competitive intelligence refers to gathering and analyzing corporate information that could affect a firm's competitive advantage. Thanks to the information gathered companies can mirror other institution's good practices to increase efficiency and effectiveness, thus, revenue.
Major Programming receives $5,000 cash in advance of providing programming services to a customer. Describe how to record the transaction to the T-accounts by completing the following sentence. Cash would be
Answer:
Cash would be debited $5,000 on the left side of the T account. Unearned programming service revenue will be credited $5,000 on the right side of T account.
Explanation:
When cash is received, cash increases and is debited by $5,000 (note Cash is an asset account, when asset and expense accounts increase they are debited. When revenue, liability, and owner's equity increase they are credited).
The revenue for this service is not earned yet so we pass the other leg of the entry to Unearned Programming Revenue. It is a revenue account so when it increases we credit. So we credit $5,000 to this account.
When a business receives cash in advance for services, this is treated as a liability called 'Unearned Revenue'. The Cash account would be debited (increased) by $5,000 and the Unearned Revenue account would be credited (increased) by $5,000.
Explanation:When Major Programming receives $5,000 in advance for providing programming services, this is considered as prepayment and thus, it is recorded as a liability on the balance sheet. In terms of T-accounts, it would be recorded as follows:
Cash (an asset account) would be debited (increased) by $5,000.Unearned Revenue (a liability account) would be credited (increased) by $5,000.Therefore, the T-accounts would reflect an increase in both Cash and Unearned Revenue by $5,000 each, resulting from this transaction.
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Suppose Ava had deposited another $1,300 into a savings account at a second bank at the same time. The second bank also pays a nominal (or stated) interest rate of 8.2% but with quarterly compounding. Keeping everything else constant, how much money will Ava have in her account at this bank in 5 years?A. $1,950.76 B. $1,409.92 C. $206.60 D. $173.08
Final answer:
Ava will have $1,409.92 in her savings account at the second bank in 5 years.
Explanation:
To calculate the future value of Ava's savings account with quarterly compounding, we can use the formula for compound interest:
FV = P(1 + r/n)^(nt)
Where FV is the future value, P is the principal amount (initial deposit), r is the interest rate, n is the number of times interest is compounded per year, and t is the number of years.
Using the information given, we have: P = $1,300, r = 8.2% = 0.082, n = 4 (quarterly compounding), and t = 5.
Plugging these values into the formula, we get:
FV = $1,300(1 + 0.082/4)^(4*5)
FV = $1,409.92
Therefore, Ava will have $1,409.92 in her savings account at the second bank in 5 years.
When Coca-Cola purchased first a part and then all of Honest Tea, what would have been appropriate ways to help this change be successful? Check all that apply.
Answer:
Explanation: Choices
Conduct team-building exercises to help groups of employees from Coca-Cola and Honest Tea communicate effectively and address conflict.
Use a change agent to freeze Honest Tea’s very successful culture before Coca-Cola could have any impact.
Survey Honest Tea employees to identify sources of anxiety and conflict related to the acquisition.
Train employees on Coca-Cola’s payroll and expense reimbursement systems since Honest tea uses them.
The appropriate ways to help this change be successful are to the extent that Honest Tea began using Coca-Cola's payroll and expense reimbursement systems; train employees on these systems; conduct team-building exercises to help groups of employees from Coca-Cola and Honest Tea communicate effectively and address conflict; and survey Honest Tea employees to identify sources of anxiety and conflict related to the acquisition. Hence, Options A, B, and C are correct.
What is "honest tea"?A tea company based in Bethesda, Maryland was founded in 1998 by Seth Goldman and Barry Nalebuff. It is a bottled organic tea company. The whole subsidiary is owned by The Coca-Cola Company.
The ingredients of the tea are: Brewed Tea (Filtered Water, Fair Trade Organic Green Tea Leaves), Fair Trade Organic Cane Sugar, Organic Honey, and many more. All the ingredients range from unsweetened to 'Just a Tad Sweet' tasting varieties.
An image is attached in the end for better understanding.
Therefore, Options A, B and C are correct.
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Zoe Corporation has the following information for the month of March: Cost of direct materials used in production$17,811 Direct labor29,363 Factory overhead32,472 Work in process inventory, March 120,353 Work in process inventory, March 3119,710 Finished goods inventory, March 124,290 Finished goods inventory, March 3128,183
Answer:
The question is not complete as requirement is not given.
However,in supply of information like this, determination of cost of sale is generally assumed to be the requirement.
The cost of sale for Zoe corporation for March is $76,396
Explanation:
Two accounts are needed to derive the cost of sale: manufacturing account and trading account.
Manufacturing account is prepared to determine the cost of production. The preparation of cost of production involves three major steps:
1. Determination of prime cost by adding direct material cost with material labor cost and other direct manufacturing cost.
2. Adding prime cost with factory overhead cost.
3. Adding changes in work in progress( Opening WIP minus Closing WIP) to value arrived at step 2.
The figure arrived at is cost of production.
Trading account is prepared to derive the cost of sale for a particular period.
It involves adding opening finished goods with purchases (if any) and cost of production. After this, closing finished goods is subtracted from the figure derived above to arrive at cost of sales for the period.
Using information supplied by Zoe Corporation, the cost of sale is:
Zoe Corporation
Manufacturing Account For March
$ $
Cost of direct materials used in production 17,811
Direct Labor 29,363
Prime Cost 47,174
Add: Factory Overheard 32,472
79,646
Changes in Work in Progress
Begininng WIP 20,353
Closing WIP (19,710) 643
Cost of Production 80,289
Trading Account For March
$
Opening Finished inventory 24,290
Add:Cost of production 80,289
104,579
Closing Finished Inventory (28,183)
Cost of Sale 76,396
True or False: Without engaging in international trade, Freedonia and Lamponia would have been able to consume at the after-trade consumption bundles. (Hint: Base this question on the answers you previously entered on this page.)
"Without engaging in international trade, Freedonia and Lamponia would have been able to consume at the after-trade consumption bundles" is FALSE.
Option: B
Explanation:
Specialization refers to countries' propensity to focus in certain items they exchange for other commodities, rather than to manufacture all the consumer goods on their own. As the PPF production possibilities frontier displays that production is impractical, Freedonia and Lamponia had to engage in international trade.
Both countries are able to consume the goods they produce.When a country is skilled in manufacturing a good, it can manufacture this good at a lower cost of opportunity than its trading nation. For this comparative advantage, both countries benefit from competing and trading with one another.
A large country imposes capital controls that prohibit foreign borrowing and lending by domestic residents. The country is currently running a financial account surplus. The imposition of the capital controls will cause _______.
Answer:
A large country imposes capital controls that prohibit foreign borrowing and lending by domestic residents. The country is currently running a financial account surplus. The imposition of the capital controls will cause "desired national saving to fall".
Explanation:
Capital controls are resident status-based initiatives like transaction taxes, other constraints, or outright restrictions that can be used by a nation's government to regulate streams from capital markets to and from the capital account of the country.
It safeguards greatly reducing capital flows although efficiency differs across economies and investment kinds. Capital controls however tend to lower the risk of severe episodes. Capital inflow restrictions minimize the proportion of national loans priced in foreign currency.
The mid-1990s saw a rise in the use of mobile phones in the general population. The technology continued to improve in the early 2000s and in the mid-2000s smartphones revolutionized the way people communicated. The technology has changed very rapidly and improved the lives of consumers. With these rapid changes, what would you suspect has happened to the CPI calculation?a. The CPI has overstated the cost of living because of income bias.b. The CPI has understated the cost of living because of quality improvement bias.c. The CPI has overstated the cost of living because of quality improvement bias.
Answer:
the cpi has understated the cost of living because of quality improvement bias
The following adjusted trial balance contains the accounts and balances of Cruz Company as of December 31 2017, the end of its fiscal year:
No. Account Title Debit Credit
101 Cash $ 18,000
126 Supplies 14,500
128 Prepaid insurance 2,000
167 Equipment 23,000
168 Accumulated depreciation—Equipment $ 6,500
307 Common stock 13,272
318 Retained earnings 33,600
319 Dividends 6,000
404 Services revenue 44,100
612 Depreciation expense—Equipment 2,000
622 Salaries expense 25,710
637 Insurance expense 1,852
640 Rent expense 2,955
652 Supplies expense 1,455
Totals $ 97,472 $ 97,472
Required:
1. Prepare the December 31, 2017, closing entries for Cruz Company.
2. Prepare the December 31, 2017, post-closing trial balance for Cruz Company.
Answer:
1. Prepare the December 31, 2017, closing entries for Cruz Company.
Dr. Cr.
404 Services revenue 44,100
Income Summary 44,100
Income Summary 33,972
612 Depreciation expense—Equipment 2,000
622 Salaries expense 25,710
637 Insurance expense 1,852
640 Rent expense 2,955
652 Supplies expense 1,455
2. Prepare the December 31, 2017, post-closing trial balance for Cruz Company.
Dr. Cr.
101 Cash 18,000
126 Supplies 14,500
128 Prepaid insurance 2,000
167 Equipment 23,000
168 Accumulated depreciation—Equipment 6,500
307 Common stock 13,272
318 Retained earnings 33,600
319 Dividends 6,000
404 Services revenue 44,100
612 Depreciation expense—Equipment 2,000
622 Salaries expense 25,710
637 Insurance expense 1,852
640 Rent expense 2,955
652 Supplies expense 1,455
Totals 97,472 97,472
Explanation:
Final answer:
The answer provides instructions on preparing closing entries and a post-closing trial balance for Cruz Company as of December 31, 2017.
Explanation:
1. Prepare the December 31, 2017, closing entries for Cruz Company:
1. Close revenue accounts:
- Debit Services Revenue $44,100
- Credit Income Summary $44,100
2. Close expense accounts:
- Debit Income Summary $34,972
- ($2,000 + $2,955 + $1,852 + $25,710 + $1,455)
- Credit Depreciation Expense—Equipment $2,000
- Credit Insurance Expense $1,852
- Credit Rent Expense $2,955
- Credit Salaries Expense $25,710
- Credit Supplies Expense $1,455
3. Close Income Summary to Retained Earnings:
- Debit Income Summary $44,100
- Credit Retained Earnings $44,100
4. Close Dividends to Retained Earnings:
- Debit Retained Earnings $6,000
- Credit Dividends $6,000
2. Prepare the December 31, 2017, post-closing trial balance for Cruz Company:
No. Account Title Debit Credit
101 Cash $18,000
126 Supplies $ 14,500
128 Prepaid insurance $ 2,000
167 Equipment $ 23,000
168 Accumulated depreciation—Equipment $6,500
307 Common stock $ 13,272
318 Retained earnings $72,600
Totals $57,500 $79,772
1. The market-pull view of new product innovation is to A. "pull" the products into the market as fast as possible. B. develop products that the company can sell, based on customer needs. C. market whatever the company makes best. D. make new products appealing through innovative packaging.
Answer:
(B). Develop products that the company can sell, based on customer needs.
Explanation:
When customer needs arise in the market, organizations become aware of these needs through market research and customer feedback, and then try to meet these needs by developing new products.
The need for new products is what is known as Market-pull.
The market-pull view of new product innovation is to develop products that the company can sell, based on customer needs. Hence option B is correct.
The market-pull view of new product innovation emphasizes identifying and understanding customer needs and preferences as the primary driving force behind developing new products.
This approach focuses on conducting market research, gathering customer insights, and creating products that satisfy those needs. In the market-pull approach, companies conduct thorough market research and analysis to understand the needs, desires, and problems of their target customers.
They gather insights through techniques like surveys, focus groups, interviews, and observation to gain a deep understanding of customer preferences, buying behaviors, and market trends.
Using this customer-centric information, companies then develop new product ideas and concepts that align with the identified market needs. The focus is on creating products that will be valued and desired by customers, meeting their specific requirements and offering unique benefits.
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Deep level acting is less psychologically costly than surface level acting because in deep level acting, we are actually trying to experience the emotion, so we ________.
Answer:
The correct word for the blank space is: display it.
Explanation:
There are two levels of acting at work: deep level and surface level. Deep level implies recreating an emotion experienced so the acting can be displayed naturally. On the other hand, surface-level acting refers to faking the emotion to be displayed which could represent a psychological challenge for the worker.
Final answer:
Deep level acting is less psychologically costly as it involves truly experiencing the emotion, which leads to a more genuine portrayal of the character, fostering a closer bond with the audience through an emotionally authentic performance.
Explanation:
Deep level acting is less psychologically costly than surface level acting because in deep level acting, we are actually trying to experience the emotion, so we embody them truthfully through the character. When actors practice deep level acting, they tap into their own emotional reservoirs to authentically inhabit their roles, allowing them to live through the emotions rather than simply simulating them on the surface. This approach can lead to a more genuine connection between the actor and the character, which is essential for immersive and believable performances. Trust and safety in the acting environment, as well as a strong focus on the character's objectives, are necessary elements for an actor to comfortably engage in deep level acting. Furthermore, by connecting with their own vulnerabilities and authentically portraying those of the character, actors forge a strong bond with the audience, facilitating empathy and a shared emotional experience. Through deep level acting, actors can achieve a sense of freedom and authenticity in their performance, making it less psychologically expensive and more fulfilling artistically.
Hokey Min's Kleen Karpet cleaned 85 rugs in October, consuming the following resources: Labor: 520 hours at $17 per hour Solvent: 100 gallons at $5 per gallon Machine Rental: 22 days at $60 per daya) Labor productivity per dollar = ---- rugs/dollar
b) Multifactor productivity = ----- rugs/dollar
Answer:
(a) Labor productivity is 0.0096 rugs/dollar
(b) Multifactor productivity is 0.244 rugs/dollar
Explanation:
(a) Labor productivity = total output/total labor input = 85 rugs/($17×520) = 0.0096 rugs/dollar
(b) Solvent productivity = 85 rugs/($5×100) = 0.17 rugs/dollar
Machine rental productivity = 85 rugs/($60×22) = 0.0644 rugs/dollar
Multifactor productivity = 0.0096+0.17+0.0644 = 0.244 rugs/dollar
Transactions for the Swifty Company, which provides welding services, for the month of June are presented below. June 1Swifty invests $4,250 cash in exchange for shares of common stock in a small welding business. 2Purchases equipment on account for $350. 3$830 cash is paid to landlord for June rent. 12Bills P. Leonard $410 after completing welding work done on account.
Answer:
1. June 1 Swifty invests $4,250 cash in exchange for shares of common stock in a small welding business.
2. June 2 Purchases equipment on account for $350.
3. June 3 $830 cash is paid to landlord for June rent.
4. June 12 Bills P. Leonard $410 after completing welding work done on account.
Journal Entries:
1.
June 1 Dr. Cr.
Investment $4,250
Cash $4,250
2.
June 2 Dr. Cr.
Equipment $350
Account Payable $350
3.
June 3 Dr. Cr.
Rent Expense $830
Cash $830
4.
June 12 Dr. Cr.
P. Leonard (Receivable) $410
Welding Service Revenue $410
Regarding OCBs, which of the following statements is TRUE?
(A) Workers’ OCBs have no influence on managers’ judgments of their job performance.
(B) Workers’ OCBs influence managers’ judgments of their job performance.
(C) OCBs account for limited variance in the scores of workers.
(D) OCBs are always a positive influence on job performance ratings.
Answer: (B) Workers’ OCBs influence managers’ judgments of their job performance
Explanation:
OCBs organization citizenship behaviours, means individual actions taken by employees which is not within the purview of their job. It is a form of extra commitment an employee shows to an organization although outside the job duties of such individual. Managers can help employees to work optimally and not overwork to avoid burnout.
Final answer:
Workers' Organizational Citizenship Behaviors (OCBs) indeed influence managers' judgments of job performance by contributing positively to the workplace and overall organizational effectiveness.
Explanation:
The statement regarding Organizational Citizenship Behaviors (OCBs) that is TRUE is (B) Workers’ OCBs influence managers’ judgments of their job performance. OCBs refer to the voluntary behaviors employees perform to help others and benefit the organization beyond their job descriptions. These actions can include helping new coworkers understand the company culture, volunteering for additional activities, or facilitating smooth operations within the team.
Research has shown that these behaviors positively influence managers’ perceptions of job performance because they contribute to a better working environment and overall organizational effectiveness.
In marketing communication planning, ________ includes everything a planner can find out about consumer perceptions about the brand, product category, and competitors' brands.
Answer:
The correct word for the blank space is: Market information.
Explanation:
Market information implies collecting data from consumers about a certain product so companies have more opportunities to align their processes to meet customers' demands. The information is also gathered about competitors according to their category.
Market research in marketing communication planning includes information about consumer perceptions about brands, products and competitors. This research can be conducted through surveys, like giving questionnaires to randomly-selected customers.
Explanation:In marketing communication planning, the term market research encompasses everything a planner can discover about consumer perceptions concerning the brand, product category, and competitors' brands. This research helps planners in formulating effective communication strategies by understanding their target audience's preferences, dislikes, and expectations. As an illustration, if a marketing manager for an electronics chain store wants to have consumer insights, they can conduct surveys. The provided example of giving questionnaires to randomly selected customers about their age and other variables of interest is a practical approach to gather valuable data.
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wist Corp. has a current accounts receivable balance of $330,800. Credit sales for the year just ended were $3,804,200. a. What is the company's receivables turnover? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) b. What is the company's days' sales in receivables? (Use 365 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) c. How long did it take on average for credit customers to pay off their accounts during the past year? (Use 365 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)
Answer:
Receivables turnover = 11.50 times
Days' sales in receivables = 31.74 days
Average collection period = 31.74 days
Explanation:
Receivables Turnover Ratio
Receivables turnover = Credit Sales / Receivables
= $3,804,200 / $330,800
= 11.50 times
Receivables turnover ratio measures how many times a company's receivables are converted to cash in a period. A high receivables turnover ratio can indicate that a company’s collection of accounts receivable is efficient and that the company has a high proportion of quality customers that pay their debts quickly.
Days' sales in Receivables/ Average Collection Period
Days' sales in receivables = 365 days / Receivables turnover
= 365 / 11.50
= 31.74 days
On average, credit customers took 31.74 days to pay off their accounts.
The days' sales in receivable ratio which is also known as the average collection period tells you the number of days it took on average to collect the company's accounts receivable during the past year.
A corporation can earn 7.5% if it invests in municipal bonds. The corporation can also earn 8.40% (before-tax) by investing in preferred stock. Assume that the two investments have equal risk. What is the break-even corporate tax rate that makes the corporation indifferent between the two investments?
Answer:
A tax rate of 10.71% should make both both indifferent for investors.
Explanation:
the municipal bonds are income-tax free so we should solve for the tax rate which makes both bonds equaly attractive.
0.075 = after-tax rate
0.084 = pre-tax rate
[tex]pre-tax (1- t) = after-tax\\0.084 (1-t) = 0.075\\1 - t = 0.075 \div 0.084\\t = 1 - 0.075 \div 0.084\\t = 0.10714285[/tex]
A tax rate of 10.71% should make both both indifferent for investors.
To find the break-even corporate tax rate that makes the corporation indifferent between investing in municipal bonds at a 7.5% return and preferred stock at an 8.40% return (before-tax), we need to compare the after-tax returns on these two investments.
1. **Return from Municipal Bonds (after-tax)**:
- Municipal bond interest is typically exempt from federal income tax. Therefore, there is no federal tax on the interest earned from municipal bonds.
- However, some municipal bonds may be subject to state and local taxes, so we'll assume a combined state and local tax rate of "t" on the interest income.
- So, the after-tax return from municipal bonds is 7.5% * (1 - t).
2. **Return from Preferred Stock (after-tax)**:
- The return from preferred stock is 8.40% before-tax.
- Corporations are allowed to deduct 70% of dividends received from preferred stock as a dividend received deduction (DRD) for federal tax purposes.
Therefore, only 30% of the preferred stock dividends are subject to federal income tax.
- So, the after-tax return from preferred stock is 8.40% * (1 - 0.30).
The corporation is indifferent between the two investments when the after-tax returns are equal:
7.5% * (1 - t) = 8.40% * (1 - 0.30)
Now, solve for "t":
7.5% * (1 - t) = 8.40% * 0.70
7.5% * (1 - t) = 5.88%
(1 - t) = 5.88% / 7.5%
(1 - t) = 0.784
t = 1 - 0.784
t = 0.216
So, the break-even corporate tax rate that makes the corporation indifferent between the two investments is approximately 21.6%.
If the corporate tax rate is less than 21.6%, the corporation would prefer to invest in municipal bonds, and if the tax rate is higher than 21.6%, it would prefer preferred stock.
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Before the year began, Venus Manufacturing estimated that manufacturing overhead for the year would be $ 175 comma 900 and that 25 comma 900 direct labor hours would be worked. Actual results for the year included the following: Actual manufacturing overhead cost $ 182 comma 000 Actual direct labor hours 20 comma 100 If the company allocates manufacturing overhead based on direct labor hours, the manufacturing overhead for the year would have been _____ (Round intermediary calculations to the nearest cent.)
Answer:
Allocated MOH= $136,479
Explanation:
Giving the following information:
Estimated that manufacturing overhead for the year= $175,900
Estimated Direct labor hours= 25,900
Actual direct labor hours= 20,100
First, we need to calculate the predetermined overhead rate:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 175,900/25,900= $6.79 per direct labor hour
Now, we can allocate the overhead:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 6.79*20,100= $136,479
On September 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on its 22,000, $13 par, common shares. The market price of the common stock is $42 on this date Required: 1. 2. & 3. Record the necessary journal entries assuming a small (10%) stock dividend, a large (100%) stock dividend, and a 2-for-1 stock split.
Final answer:
To record a small (10%) stock dividend, a large (100%) stock dividend, and a 2-for-1 stock split, specific journal entries are made. For a small stock dividend, Retained Earnings and Common Stock Dividend Distributable are credited and debited respectively. For a large stock dividend, the same accounts are used. For a 2-for-1 stock split, no journal entry is required.
Explanation:
To record the necessary journal entries for a small (10%) stock dividend, a large (100%) stock dividend, and a 2-for-1 stock split, the following journal entries would be made:
Small (10%) Stock Dividend:
Large (100%) Stock Dividend:
Debit: Retained Earnings for the market value of the dividend shares2-for-1 Stock Split:
No journal entry is required for a stock split. The number of shares outstanding would simply be doubled, and the par value per share would be halved.Pure Water's complete assets and liabilities are Accounts Receivable ($3,000), Equipment ($7,500), Accounts Payable ($4,000), Prepaid Rent ($3,000), Supplies ($500), Bank Loan ($1,600), and taxes payable ($1,000). Pure Water's total liabilities are:
Answer:
$6,600
Explanation:
Given that,
Accounts Receivable = $3,000
Equipment = $7,500
Accounts Payable = $4,000
Prepaid Rent = $3,000
Supplies = $500
Bank Loan = $1,600
Taxes payable = $1,000
Therefore,
Total liabilities includes:
= Accounts Payable + Bank Loan + Taxes payable
= $4,000 + $1,600 + $1,000
= $6,600
Hence, the total liabilities of Pure Water is $6,600.
Castle State Bank has the following financial information.
Balance Sheet Income Statement
Cash $100
Interest Income $400
Securities Investments $600
Interest Expenses($150)
Net Loans$1200
Non-Interest Income$50
Net Premises and Equip.$300
Non-Interest Expenses($100)
Total Assets$2200
Provision for Loan Losses($60)
Deposits $1100
Pre Tax Net Operating Income$140
Non-Deposit Borrowings *$800
Securities Gains (Losses)($40)
Equity Capital$300
Taxes($45)
Total Liabilities and Equity$2200
Net Income$55*
Use this information to calculate Castle State Bank's equity multiplier
Answer:
Castle State Bank's equity multiplier is 2.2
Explanation:
Total Assets = $2,200
Total Liabilities and Equity = $2200
Net Loans = $1,200
Total Equity = $2,200 - $1,200 = $1,000
Equity multiplier = Total Assets / Total Shareholders Equity
Equity multiplier = 2,200 / $1,000
Equity multiplier = 2.2
Total Assets is equal to Total equity and Liabilities. Total equity and Liabilities includes the balance of Both equity and liabilities. Total equity is calculated by subtracting Total Loans from Total equity and Liabilities.
The equity multiplier for Castle State Bank is calculated as total assets divided by equity capital ($2200 / $300), resulting in an equity multiplier of 7.33.
The equity multiplier is a financial leverage ratio that measures the amount of a company's assets that are financed by its shareholders by comparing total assets with total shareholder equity. To calculate the equity multiplier for Castle State Bank, you would divide the total assets by the equity capital.
In this case, Castle State Bank's total assets are $2200, and the equity capital is $300. So, the equity multiplier would be:
Equity Multiplier = Total Assets / Equity Capital
= $2200 / $300
= 7.33
Therefore, Castle State Bank has an equity multiplier of 7.33, which indicates that for every dollar of equity, there are 7.33 dollars in assets.
Suppose a three period weighted average is being used to forecast demand. Weights for the periods are as follows: 0.1, 0.4 and 0.5. Demand observed in the previous three periods was as follows: 120, 140 and150. What will be the demand forecast for period the next periodt
Answer:
$143
Explanation:
The computation of the demand forecast is shown below:
= Weightage × demand observed + Weightage × demand observed + Weightage × demand observed
= 0.1 × 120 + 0.4 × 140 + 0.5 × 150
= $12 + $56 + $75
= $143
Basically we multiplied the weighatge with its demand observed so that the demand forecast could come
Assume you purchased 700 shares of XYZ common stock on margin at $40 per share from your broker. If the initial margin is 65%, the amount you borrowed from the broker is _________.
a. $18,200
b.$28,000
c.$37,800
d.$9,800
Answer:
Option D is correct ($9,800)
Explanation:
Option D is correct ($9,800)
Given:
Shares Purchased of XYZ common stock= 700 shares
Margin at which shares are purchased= $40
Initial Margin= 65%
Required:
Amount you borrowed from the broker=?
Solution:
Amount you borrowed from the broker= Shares*Margin at which shares are purchased* (1-Initial Margin)
Amount you borrowed from the broker= 700*$40*(1-0.65)
Amount you borrowed from the broker= $9,800
Final answer:
To find the amount borrowed from the broker, first determine the total cost of the shares, then apply the initial margin to figure out how much the student paid, and finally subtract the student's payment from the total cost. The amount borrowed equals $9,800.
Explanation:
To calculate the amount borrowed from the broker when purchasing shares on margin, we need to first determine the total cost of the shares and then apply the initial margin requirement. The total cost of the shares is found by multiplying the number of shares by the price per share. Here, the student purchased 700 shares of XYZ common stock at $40 per share, which equals $28,000 (700 shares × $40/share).
With an initial margin requirement of 65%, the student must pay 65% of the total cost upfront, and the rest is borrowed from the broker. The amount the student pays is $28,000 × 0.65 = $18,200. Therefore, the amount borrowed from the broker is the total cost minus the amount paid by the student: $28,000 - $18,200 = $9,800.
So, the correct answer is d. $9,800.
Culture goes deeper than observable behavior. It is a society's shared and socially transmitted ideas, values, and perceptions that are used to make sense of experience and generate behavior and are reflected in that behavior.
True/False