Answer: Forecast.
Explanation:
The predicted increase in sales of of the Leonore's Luxury Leather footware is an example of a forecast of future events. A forecast is an estimation of an event or trend that would possibly occur in the future.
If a country produced nothing but 20 smartphones and 10 Blu-ray players in 2017, priced at $100 per smartphone and $200 per Blu-ray player, its GDP in 2017 would be:
a. $5,000.
b. $1,000.
c. $4,000.
d. $2,000.
Answer:
The correct answer is option c.
Explanation:
A country produces two goods, smartphones, and Blu-ray players. The quantity of smartphones is 20, its price is $100.
While the quantity of Blu-ray players is 10 and the price is $200.
The GDP of a country measures the value of final goods and services produced in the country in a year.
The GDP of this country will be
= [tex](20\times \$100) + (10\times \$200)[/tex]
= $2,000 + $2,000
= $4,000
Not only do businesses see benefits from the protections of ________, consumers do as well; they allow consumers to correctly identify the products they want to purchase.
a. self-regulations
b. environmental scans
c. patents
d. trademarks
e. copyrights
Answer:
Not only do businesses see benefits from the protections of trademarks, consumers do as well; they allow consumers to correctly identify the products they want to purchase.
d. trademarks
Explanation:
A trademark is a symbol, word or sign that has been registered as representing a company or a product. They are majorly used by companies to identify a product specifically as belonging to that particular company. It usually has unique features that separates the product from similar products in the industry. Once a trademark has been registered, the company that has registered that particular trademark has sole right on its production and use. This means that any other company cannot use this trademark without permission from the company that registered it. It is illegal to use a registered trademark without permission from the owner.
Trademarks are very useful to the business since they are protects the owner from production of similar words, sign or symbols. It therefor avoids confusion in knowing the source owner of the product. This can be a useful tool in marketing since the consumers will use the trademark in identifying the product they want. On this note, the trademarks also allow consumers to correctly identify the products they want to purchase.
Final answer:
Trademarks help consumers identify genuine products and engender trust in the products they purchase, serving a critical role in consumer protection.
Explanation:
Not only do businesses see benefits from the protections of trademarks, but consumers do as well; they allow consumers to correctly identify the products they want to purchase. The correct answer is d. trademarks. Trademarks are crucial in consumer protection as they help to prevent confusion in the marketplace by ensuring that only genuine products carry the trademarked brand. This function supports consumer confidence and trust in the products they buy.
Digital marketing has become an increasingly important element of the marketer's toolbox. according to a survey conducted by pew research center, ________ of americans use at least one social networking site.
Answer:
73%
Explanation:
Digital marketing is promotion of goods and services using digital tools such as email, search engines, social media, and websites on the internet.
The trend is on the increase and there is more emphasis on developing digital marketing tools, so marketers use services like web design, search engine optimisation, and ecommerce.
Digital marketing has the advantage of always being available so your business never sleeps.
A mining company closed down operations at an isolated mine it owned and informed the electric company that electricity in the power poles that led to the mine should be cut off. However, the electric company, following its standard policy, left the power running in the line to deter thieves from stealing valuable transformers and cables. The mining company was unaware that the power was left on. A hitchhiker who was passing by the entrance to the mine saw that it was closed, so he went onto the property and climbed up a power pole to steal a transformer. He received an electric shock and fell from the pole, suffering serious injuries.If the hitchhiker sues the mining company, which is the mining company's strongest defense?
A. The hitchhiker was a trespasser.
B. The hitchhiker was a thief.
C. The mining company asked the utility company to turn off the power.
D. The mining company was unaware that the utility company had not turned off the power.
Answer:
A. The hitchhiker was a trespasser.
Explanation:
The hitchhiker's was a trespasser is the mining company's strongest defense. Therefore the mining company owed no duty to the hitchhiker, and is not liable for the injuries of the hitchhiker because a property owner owes no duty to an undiscovered trespasser.
Although, option C and D can also be used as a defense, the best option that the mining company can use is option A. The hitchhiker was a trespasser completely relieving the mining company of any liability for his injuries.
Coworkers Yvonne and Rodney are trying to finish cleaning the store by washing dishes and sweeping the floors. To finish both tasks as quickly as possible, they know that each of them should focus on just one task, but they don't know who should do what. To decide which coworker should wash dishes, Yvonne and Rodney should determine which one:
has the comparative advantage in dish washing. T/F
Answer: True- The comparative advantage in the dish washing
Explanation:
Yes, the given statement is true that both the coworkers that is Rodney and Yvonne determining the comparative advantages in the store by washing all the dishes.
The comparative advantages is one of the term that is used to refers to the economical ability that helps in providing the various types of products and also reflecting the overall production opportunity in terms of cost.
Accordion to the given scenario, we use the comparative advantages for determining the person for washing the dishes from both the co-workers.
Therefore, The given answer is correct.
Which of the following knowledge tools must a salesperson use to answer the question "Can the salesperson give additional discounts to get a potential client whom the company has been after for years?"A) Price knowledge
B) Customer knowledge
C) Technology knowledge
D) Market knowledge
E) Product knowledge
Answer:
Price knowledge
Explanation:
Price knowledge - it is referred to as the deep knowledge of the price of the product. it helps in marketing tactic that is used to persuade the customer. it helps in negotiating with the customer on the price.
For example - to persuade potential customers, the salesman should have a broad knowledge of the price of the product so that if customers are ready for buying the product then the additional discounts can offer to lure them.
Thirty years ago daniel bought a plot of land for $50,000 when the cpi was 50. now the cpi is 180 and he sold the land for $180,000. what issue might inflation cause for daniel?
Inflation, reflected by the increase in the Consumer Price Index, can erode the purchasing power of money over time. Although Daniel sold his land for a nominal profit, the real value of the money he received is essentially the same as what he paid 30 years ago, when adjusted for inflation.
Explanation:Inflation can cause a seemingly profitable sale like Daniel's to be less beneficial than it appears. Although Daniel sold his land for $180,000, which is a substantial apparent increase from his original purchase price of $50,000, it's important to consider the impact of inflation represented by the increase in the Consumer Price Index (CPI) over the same period. The CPI has increased from 50 to 180 during the 30 years, meaning the average price level (and therefore the general cost of living) has gone up by 260%.
When taking inflation into account, Daniel's $180,000 doesn't have the same purchasing power today as it would have had 30 years ago. To calculate the inflation-adjusted selling price, we'd need to scale up the original purchase price in proportion to the increase in the CPI. This gives an inflation-adjusted selling price of $50,000 * (180 / 50) = $180,000. Therefore, after adjusting for inflation, Daniel didn't make any real profit from the sale.
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Laveall has created seven global product divisions — fragrances, baby care, batteries, oral care, men's grooming, convenience foods, and detergents — and three marketing divisions — one for North America, one for Asia, and one for Europe . In the context of the systems approach to management, these ten divisions are examples of _____.
Answer:
Subsystems
Explanation:
The elements of a system form a whole and can be concepts, objects or subjects; these elements can be living, non-living or both simultaneously, as well as ideas, be they from the field of ordinary, scientific, technical or humanistic knowledge. Ideas cannot be conceived as loose or independent of context or
system in which they are inserted. The interaction between the elements and their organization is what makes the system work.
The systemic approach "admits the need to study the components of a system, but does not limit itself to this. It recognizes that systems possess characteristics that their parts lack, but it aims to understand these systemic properties in terms of the parts of the system and their interactions, as well as in terms of circumstances
environmental. In other words, the systemic approach invites us to study the composition, the environment and the structure of the systems of interest
Every system is or can be part of a larger system that we can call supersystem, metasystem, etc. (that is, or may be, a subsystem) or be composed of subsystems, these are nothing more than smaller systems, which at their time may be composed of even smaller ones, and so we could go on until to reach the most elementary components of everything in the universe. The concept system is valid from a cell to the universe considered as a systems.
Answer:
Subsystems
Explanation:
In the systems approach, subsystems are self-contained systems that operate within a larger and more developed system within an organization or corporation.
Each one of the seven product divisions operates independently from each other, but they are all coordinated by the larger marketing divisions (North America, Asia and Europe). And the corporation's headquarters is responsible for coordinating the marketing divisions.
A firm has spent the last two years constructing a building to be used as the firm's headquarters. At the end of the first year of construction, the balance of building under construction was $400,000, which includes capitalized interest. During year two, the firm paid $240,000 to the contractor on March 1, and $600,000 on October 1. The building was not finished by the end of the second year. The firm had one loan outstanding all year, an 8%, $3,000,000 construction loan. Compute capitalized interest for year two.
Answer:
$60,000
Explanation:
Given:
Amount at the end of 1st year = $400,000
Paid : $240,000 (on 1st March)
$600,000 (on 1st October)
rate = 8%
Calculation of Capitalized interest
= Weighted Amount Borrowed x Interest rate
= $350,000 x 8% = $28,000
Note: Weighted Amount Borrowed = $240000 x 10/12 = $200,000
= $600,000 x 3/12 = $150,000
Total = $350,000
For the first year = $400,000 x 8% = $32,000
Total Capitalized Interest Amount = $28,000 + $32,000
= $60,000
To compute capitalized interest for year two, add the beginning balance and payments made, calculate the average and weighted average accumulated expenditures, and multiply by the interest rate.
Explanation:To compute capitalized interest for year two, we need to calculate the average accumulated expenditures for the construction of the building.
The average accumulated expenditures can be calculated by adding the beginning balance of building under construction ($400,000) to the payments made during the year ($240,000 on March 1 and $600,000 on October 1), and dividing the sum by 2.
In this case, the average accumulated expenditures would be ($400,000 + $240,000 + $600,000) / 2 = $620,000.
Next, we need to calculate the weighted average accumulated expenditures using the average accumulated expenditures and the time weights.
Since the building was not finished by the end of the second year, the time weights would be 6/12 for the first payment on March 1 and 3/12 for the second payment on October 1.
The weighted average accumulated expenditures would be (($620,000 × (6/12)) + ($620,000 × (3/12))) = $310,000.
Finally, to calculate the capitalized interest, we multiply the weighted average accumulated expenditures ($310,000) by the interest rate (8%).
The capitalized interest for year two would be $310,000 × 8% = $24,800.
What if the United States Supreme Court had not issued the prior opinion and California courts also had not decided that those clauses contravene a strong public policy? This case would be a case of ________ in California.a. first impressionb. unprecedented issuesc. persuasive authorityd. equity
Answer:
a. first impression
Explanation:
A case of first impression is when the situation has never happened before in a particular state and therefore the court needs to consider the decision from other states as a guideline.
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Answer:
a. first impression
Explanation:
A case is first impression when there is no existing precedent to the issue that is no such case has been brought before court in past.
Therefore,
If the United States Supreme Court had not issued the prior opinion and California courts also had not decided that those clauses contravene a strong public policy, this case would be a case of first impression in California.
Which of the following is not correct? a. Markets allocate scarce resources with the forces of supply and demand. b. The equilibrium of supply and demand is typically an efficient allocation of resources. c. Governments can sometimes improve market outcomes. d. Externalities cannot be positive.
Answer: D
Explanation:
Gonzalez Company has 350,000 shares of $10 par value common stock outstanding. During the year, Gonzalez declared a 10% stock dividend when the market price of the stock was $30 per share. Four months later Gonzalez declared a $.50 per share cash dividend. As a result of the dividends declared during the year, retained earnings decreased by
Retained earnings decreased by $192,500 as a result of a $.50 per share cash dividend declared by Gonzalez Company. The 10% stock dividend did not affect retained earnings because it was distributed at par value and only reclassified equity.
When Gonzalez Company declared a 10% stock dividend, it distributed additional shares to its shareholders. Since there were 350,000 shares outstanding and the company declared a 10% stock dividend, this resulted in 35,000 additional shares being distributed (10% of 350,000). The market value of these shares at the time was $30 per share, which results in a total value of $1,050,000 (35,000 shares imes $30). However, for accounting purposes, stock dividends are not recorded at market value. Instead, they affect the stockholders' equity section by transferring from retained earnings to common stock and additional paid-in capital.
Later, when the company declared a $.50 per share cash dividend, this resulted in a straightforward reduction in retained earnings. With 385,000 shares now outstanding (original 350,000 + 35,000 new stock dividends), the total cash dividend paid would be $192,500 ($.50 imes 385,000). This amount was deducted from Gonzalez Company's retained earnings.
Therefore, to calculate the total decrease in retained earnings as a result of the dividends declared during the year, we only need to consider the cash dividend:
Decrease in retained earnings from the cash dividend: $192,500The stock dividend did not decrease the retained earnings because it was distributed at par value, which is accounted for by just rearranging the equity sections without affecting the total retained earnings.
A firm that specializes in alternative energy releases a new and highly efficient solar battery. During the _________ stage of the product cycle, other firms will begin to produce the product and sales will continue to increase.
Answer: Growth Stage.
Explanation:
In the growth stage of the product cycle of the new product, there would still be an increase in sales for the original producer of the new product: because they entered the market earlier and therefore would have many consumers loyal to their brand regardless of the competition in the market.
In April 2017, the working-age population of the United States was 254.6 million. The working-age population is divided into those in the labor force (160.2 million) and those not in the labor force (94.4 million). The labor force is divided into the employed (153.2 million) and the unemployed (7.1 million). Those not in the labor force are divided into those not available for work (88.7 million) and those available for work (5.7 million). Finally, those available for work but not in the labor force are divided into discouraged workers (0.5 million) and those currently not working for other reasons (5.2 million).Use this data to help determine which one of the following statements is true:
population of the United States was 254.6 million. The working-age population is divided into those in the labor force (160.2 million) and those not in the labor force (94.4 million). The labor force is divided into the employed (153.2 million) and the unemployed (7.1 million). Those not in the labor force are divided into those not available for work (88.7 million) and those available for work (5.7 million). Finally, those available for work but not in the labor force are divided into discouraged workers (0.5 million) and those currently not working for other reasons (5.2 million).
Use this data to help determine which one of the following statements is true:
The unemployment rate is
7.1 million / 160.2 million×100=4.4%.
The labor force participation rate is
160.2 million /
254.6 million×100=62.9%.
N.B
Check the attachment for full question
Answer:
D. Both A and B are correct
Explanation:
The unemployment rate is 4.4%
That is unemployed/labour force = (7.1million/160.2 million ) * 100 = 4.4%
Labour force participation rate is 62.9%
That is: total labour force /total population = (160.2million/254.6million) * 100 = 62.9%
A marketing manager decides what combination of variables is needed to satisfy customers' needs for a general type of product. What are the essential variables that the marketing manager combines?
Answer:
Product, price, distribution and promotion variables.
Explanation:
Heather has been assessing several of her firm's products using the Boston Consulting Group (BCG) approach to portfolio analysis. She has been trying to assess the strength in a particular market and is looking at the sales of each of her products and the sales of the largest firm in the industry. Heather is trying to determine
Answer:
A.
Explanation:
Based on the information provided within the question it can be said that in this scenario Heather is trying to determine the product's relative market share. This term refers to metric used in marketing in order to be able to compare the company's market share to the market share of other large competitors in the same market.
A factory worker earns $500 per week and will receive a $2,000 bonus at year-end, a 2-week paid vacation, and 5 paid holidays. The combined amount of the accruals for bonus, vacation, and holiday pay in the weekly payroll would be:
Answer:
$70
Explanation:
Data provided in the question:
Earnings per week = $500
Bonus received per year = $2,000
Paid vacation = 2 weeks
Paid holidays = 5
Now,
Since the workers have 2 weeks of vacation the fringe benefit will be calculated for 50 weeks
[as 1 year have 52 weeks, so 52 - 2 weeks = 50 weeks]
Now,
Bonus per week = $2,000 ÷ 50 weeks
= $40 per week
Vacation pay for the year = Earning per week × Total vacation per year
= $500 × 2 weeks = $1,000
Thus,
Vacation pay per week = $1,000 ÷ 50 weeks
= $20 per week
since there are 5 days working in a week
Holiday pay per day = $500 ÷ 5 days
= $100 per day
Thus,
Total holiday pay for a year = Holiday pay per day × total holidays per year
= $100 × 5
= $500
Therefore,
Holiday pay per week = $500 ÷ 50 weeks
= $10 per week
Hence,
Combined amount of accrual
= $40 + $20 + $10
= $70
Final answer:
To calculate the weekly accrual for a factory worker's bonus, vacation, and holiday pay, combine the annual bonus ($2,000), vacation pay ($1,000), and holiday pay ($500), and divide the sum ($3,500) by 52 weeks to get a weekly accrual of $70.00.
Explanation:
The student has asked to calculate the combined amount of the accruals for a bonus, vacation, and holiday pay in the weekly payroll for a factory worker earning $500 per week with additional benefits. To determine the total accrual per week, we need to add the year-end bonus, the value of the paid vacation, and the value of the paid holidays, then divide this sum by the number of weeks in a year to find the weekly amount.
Year-end bonus: $2,000 (already given as an annual figure)
Paid vacation: 2 weeks of vacation at $500 per week equals $1,000
Paid holidays: 5 holidays at $500 per week, divided by a standard 5-day workweek, equals 5 days of pay. This is $500/5 days = $100 per holiday, for a total of $500.
The yearly total of additional benefits is $2,000 (bonus) + $1,000 (vacation) + $500 (holidays) = $3,500.
To find the weekly accrual amount, divide the yearly total by 52 weeks: $3,500 / 52 weeks = $70.00 (rounded to two decimal places).
Therefore, the weekly accrual for the combined amount of bonus, vacation, and holiday pay in the weekly payroll is $70.
Pacific Specialty Bikes store gets customized parts for its high-end models from a local manufacturer, Premium Supply. When the manufacturer announced a price increase, the bike store tried to switch to other local manufacturers but learned that they wouldn't be able to meet delivery schedules. As a result, Pacific Bike chose to pay higher prices from Premium Supply. Which of Porter's competitive forces does this demonstrate?
This situation demonstrates bargaining power of supplier.
Explanation:
Porter's Five Forces Framework is a method for analyzing competition of a business. It draws from industrial organization economics to derive five forces that determine the competitive intensity and, therefore, the attractiveness of an industry in terms of its profitability.
The number and power of a company's competitive rivals, potential new market entrants, suppliers, customers, and substitute products influence a company's profitability. Five Forces analysis can be used to guide business strategy to increase competitive advantage.
Like many other marketing strategy specialists, Mark Fritz relies heavily on creativity and originality. Members of his team are selected on the basis of their ability to think divergently, and Mark often conducts activities to ensure that this ability is developed. For instance, before any new project, Mark invites his team to sit together and churn out possible ideas about the new product, its theme, and ways in which it can be projected best in the market. These sessions usually provide him with a bank of potential ideas from which the team selects some strong concepts and develops them into a campaign. To encourage freedom in these sessions, Mark has a no-evaluation policy. This is an example of ________.
A. social loafing
B. brainstorming
C. in-group favoritism
D. groupthink
E. groupshift
Answer:
B. brainstorming
Explanation:
Brainstorming is a process by which ideas are created to tackle a technical, design or a marketing problem. Which generally requires a team, through a facilitator's guidance. Mark Fritz, facilitates his team to to churn out possible ideas about potential products.
The effectiveness of brainstorming is the opportunity members have in making connections in a free-thinking atmosphere among their thoughts, thus expanding the scope for the resolution.
Brainstorming requires leveraging synergy–they are leveraging a collective thought process towards a range of possible solutions.
Jeremy owns a muffler shop in a large city. He provides services such as muffler repair, replacement, and minor car repair work. Last week Harold came into his businessdriving a 1957 Belair Convertible and told Jeremy that he wanted to convert it to a street-rod. He asked Jeremy if he would adjust the muffler so it would emit 125 decibels to give it a "muscle" sound. Harold told Jeremy he would pay an extra $1,000 in cash to get the work done. The legal limit for exhaust system noise is 95 decibels. Jeremy could do the work in a few hours and knows that no one would know that it came from his shop. His business has been slow lately and he is having a difficult time meeting his financial obligations; in addition, his son was just diagnosed with cancer. Which of the following is mostcorrect regarding Jeremy’s decision?
A. Jeremy must make a decision that will impact society
B. Jeremy is facing a moral, legal, and ethical decision.
C. Jeremy must make a decision that will impact him, personally
D. Jeremy has no decision to make, he must comply with the law.
Answer:
B) Jeremy is facing a moral, legal, and ethical decision.
Explanation:
Jeremy knows that what he is doing is not legal, since the legal limit for exhaust system noise is 95 decibels and he will alter the cars muffler so that it reaches 125. Besides that, he faces moral and ethical dilemmas because his business is not doing well and his son has just been diagnosed with cancer and he needs money and a lot of it.
Which is the proper order for distribution of assets upon dissolution of a limited partnership? a. outside creditors; distributions owed to partners; capital contributions; remainder split according to distribution agreement b. outside creditors; limited partners' profits; limited partners' capital; general partners' advances; general partners' profit; general partners' capital c. limited partners' capital; outside creditors; limited partners' advances; general partners' capital and profits d. none of the above
Answer:
from the given options, the answer is b. outside creditors; limited partners' profits; limited partners' capital; general partners' advances; general partners' profit; general partners' capital
Explanation:
This happens usually when the partenrship is dissolved. Then the assets must cover all the obligations the firm has.
it starts from the external creditors, and slowly goes to Limited Partner, who has more right to recieve funds than the general partners. This is because the limited parter is only liable for his amount of contribution.
Only after satisfying all the external obligations the general partners have the ability to pay themselves!
Presented below are three transactions. Mark each transaction as affecting common stock, dividends, revenue, expense, or not affecting stockholders’ equity. a) Received cash for services performed. Entry field with correct answer (b) Paid cash to purchase equipment.
Answer:
a)Received cash for services performed.
+ Assets (cash)
+ revenues (fees earned)
This has impact on stockholders equity as the revenues increase the earnings of the business. The company receives an asset (cash increasease of their services, that asset received is what icnrease the value of the company)
b)Paid cash to purchase equipment.
+ Assets (equipment)
- Assets (cash)
This transaction doesn't involve Equity It is just a change in the Assets compositions. It has no impact on the income neither.
Explanation:
The given transactions involve determining the effects on different elements of stockholders' equity: common stock, dividends, revenue, and expenses.
In the given transactions:
a) Received cash for services performed. This transaction affects revenue as it represents an increase in the company's earnings from providing services.
b) Paid cash to purchase equipment. This transaction affects expense as it represents a decrease in the company's assets from purchasing equipment.
Neither of these transactions affects common stock, dividends, or stockholders' equity.
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If the 10-year Treasury bond rate is 5.3 %, the inflation premium is 2.8 %, and the maturity-risk premium on 10-year Treasury bonds is 0.2 %, assuming that there is no liquidity-risk premium on these bonds, what is the real risk-free interest rate?
Answer:
2.3%
Explanation:
If nominal interest rate (10-year Treasury bond rate) = real risk free interest rate + inflation premium + default risk premium + maturity risk premium + liquidity risk premium
Then real risk free interest rate = nominal interest rate - inflation premium - default risk premium - maturity risk premium - liquidity risk premium
real risk free interest rate = 5.3% - 2.8% - 0% - 0.2% - 0% = 2.3%
You own a bond that has an 8 percent coupon and matures 8 years from now. You purchased this bond at par value when it was originally issued. If the current market rate for this type and quality of bond is 8.25 percent, then you would expect
Answer:
C) to realize a capital loss if you sold the bond at the market price today.
Explanation:
Your bond will sell at a discount since the market rate is higher than the bond's coupon rate. When a bond sells at a discount its market price is lower than its face value. Since you purchased the bond at its face value, and you sell right now, you will receive less money than what you paid for it.
For each of the transactions in items 2 through 13, indicate the two (or more) effects on the accounting equation of the business or company..The owner invests personal cash in the business.AssetsIncrease Decrease No EffectLiabilitiesIncrease Decrease No EffectOwner's (or Stockholders') EquityIncrease Decrease No Effect
Answer:
2. The owner invests personal cash in the business.
Assets: Increase
Liabilities: No Effect
Owner's (or Stockholders') Equity: Increase
3. The owner withdraws cash from the business for personal use.
Assets: Decrease
Liabilities: No Effect
Owner's (or Stockholders') Equity: Decrease
4. The company receives cash from a bank loan.
Assets: Increase
Liabilities: Increase
Owner's (or Stockholders') Equity: No Effect
5. The company repays the bank that had lent money to the company.
Assets: Decrease
Liabilities: Decrease
Owner's (or Stockholders') Equity: No Effect
6. The company purchases equipment with its cash.
Assets: one increases and another decreases, but it total assets don't change
Liabilities: No Effect
Owner's (or Stockholders') Equity: No Effect
7. The owner contributes his/her personal truck to the business.
Assets: Increase
Liabilities: No Effect
Owner's (or Stockholders') Equity: Increase
8. The company purchases a significant amount of supplies on credit.
Assets: Increase
Liabilities: Increase
Owner's (or Stockholders') Equity: No Effect
9. The company purchases land by paying half in cash and signing a note payable for the other half.
Assets: Increase
Liabilities: Increase
Owner's (or Stockholders') Equity: No Effect
10. In May, Company X records the transaction by a debit to Accounts Receivable for $5,000 and a credit to Service Revenues for $5,000. What is the effect of this entry upon the accounting equation for Company X?
Assets: Increase
Liabilities: No Effect
Owner's (or Stockholders') Equity: Increase
11. In June, Company X receives the $5,000. What is the effect on the accounting equation and which accounts are affected at Company X?
Assets: No Effect
Liabilities: No Effect
Owner's (or Stockholders') Equity: No Effect
12. What is the effect on Client Q's accounting equation in May when Client Q records the transaction as a debit to Consultant Expense for $5,000 and a credit to Accounts Payable for $5,000?
Assets: No Effect
Liabilities: Increase
Owner's (or Stockholders') Equity: Decrease
13. What is the effect on Client Q's accounting equation in June when Client Q remits the $5,000? Also, which accounts will be involved?
Assets: Decrease
Liabilities: Decrease
Owner's (or Stockholders') Equity: No Effect
Final answer:
The investment of personal cash into the business increases Assets and Owner's Equity in the accounting equation while Liabilities remain unchanged.
Explanation:
When the owner invests personal cash in the business, this affects the accounting equation in two ways:
Assets increase because cash, which is an asset, is added to the business.Owner's (or Stockholders') Equity increases as well because the investment increases the owner's equity in the business.Liabilities do not change in this transaction since no additional debts or obligations are created.
The accounting equation, which is Assets = Liabilities + Owner's (or Stockholders') Equity, remains balanced after the transaction as the increase in assets is matched by an equal increase in owner's equity.
As of December 31, Year 1, Mason Company had $500 cash. During Year 2, Mason earned $1,200 of cash revenue and paid $800 of cash expenses. The amount of cash shown on the balance sheet at the end of Year 2 would be: Multiple Choice O $90 o $400. $1,700 $2.500
Answer:
The balance sheet will show a cash balance of 900 dollars.
Explanation:
We do the cash T account to solve for this. As it resumes all the transactions for the given period of time and can be used to determinate the balance.
CASH
DEBIT CREDIT
500
1,200
800
1,700 800
Balance: 900
We post the inflow in the debit side while the outflow (expenses paid) in the credit side.
Then we subtract one from another and get the balance which is always on debit.
To combat increasing competition by lowering its prices, Rumbearc Inc., a paper carton box manufacturing company, decides to mechanize most of its production processes. Subsequently, Rita, the chief human resources officer of the company, makes a media announcement regarding its decision to lay off 600 employees. In the context of managerial roles, which of the following roles does Rita illustrate in this scenario?a. The leader roleb. The spokesperson rolec. The liaison roled. The disseminator role
Answer:
Disseminator role
Explanation:
This entails a manager communicating useful information collected from either internal or external sources to relevant parties in a business in the best way to facilitate mutual understanding
His intention is to ensure that everyone understands the reason behind potential decisions . He adopts open communication that is related to the culture of the organization. This could be through verbal communication in meetings or sending of memo.
Service quality is more directly related to the interaction between customer and employee than is manufacturing quality. Group of answer choices True False
Answer:
True
Explanation:
Service quality refers the comparison of the consumers expectation and the actual performance of the organisation rendering the services. it seeks to understand if services delivered conform with the expectation of the consumer.
Since rendering services is concerned with performing a particular activity that will most probably involve an interaction with the receiver of the action, service quality is more directly related to the interaction between the customer and employee than in manufacturing quality that is concerned with how a physical good is able to meet the expectation of the consumer.
Misconduct in research or scholarship includes fabrication, falsification, or plagiarism in proposing, performing, reviewing, or reporting research. It does not include honest error or honest differences in interpretations or judgements of_____________data.
Answer:
Recording data.
Explanation:
An appraiser employed to appraise a commercial strip mall valued at $550,000 must hold which of the following appraisal licenses? (a)certified general (b)certified residential (c)trainee (d)licensed
Answer:
(a)certified general
Explanation:
A certified general appraiser is a licenced person authorised to perform appraisal for real estate. They are authorised to appraise all type real estate irrespective of any complexity or amount of transaction. Appraisal is an opinion of authorised appraiser based on experience, knowledge, research and informations.
The correct answer is (a) certified general. To appraise a commercial strip mall valued at $550,000, the appraiser must hold a certified general appraiser license. This is the only license that qualifies the appraiser to handle all types of real properties, including commercial properties. Therefore, the correct answer is (a) certified general.
Required Appraisal License for Valuating a Commercial Strip Mall
In the appraisal industry, different types of properties require different levels of certification for appraisers. For commercial properties, such as a strip mall valued at $550,000, the appraiser must hold a certified general appraiser license. This is because only a certified general appraiser is qualified to appraise all types of real estate, both residential and non-residential properties, without regard to value or complexity.
Here is the step-by-step explanation:
Certified General Appraiser: Qualified to appraise any type of real property.Certified Residential Appraiser: Qualified to appraise residential properties, but not commercial properties like strip malls.Trainee Appraiser: Works under the supervision of a certified appraiser and cannot independently appraise properties.Licensed Appraiser: Qualified to appraise non-complex residential properties up to a certain value, not sufficient for commercial properties full valuation.Thus, the correct answer is (a) certified general.