Answer: Physical Resource
Explanation: Physical resource may be described as material assets or tangible resources owned by a business. Physical resources may include buildings, jewelleries and ornaments, land, vehicles, cash and so many other. In most cases, physical resources are visible to the eye and are sellable as they can be easily liquidated and have a set value, they can also be used as collateral for loans and so on. They are essential for financial analysis as it helps evaluate financial status of a business.
When Galaxy Ventures, a real estate company, entered the low-cost housing business, the market was already saturated with other players. Thus, the company was forced to exit the market due to lack of customer loyalty and substantial dividends, Galaxy Ventures was facing Multiple Choice O first-mover disadvantages. 0 comparative disadvantages O last-in first-out disadvantages. O absolute disadvantages. O late-mover disadvantages
Answer:
The answer is Late-mover disadvantages
Explanation:
A late mover is a company that enters a business some time after the business pioneers and early followers.
From the question above, Galaxy Ventures is a late mover in the low-cost housing business. They were at a huge disadvantage, and this includes:
First of all, lack of customer loyalty and substantial dividends (from the question).The pioneers and early followers can set the business standards which may be difficult for a late mover to follow.The pioneer can easily create entry barriers that a late-mover might find difficult to break.
A CPA is aware that a sole proprietor client has "skimmed" unrecorded cash receipts and thus not reported them to the Internal Revenue Service. If the CPA signs the entity's tax return as a CPA after preparing the return, he/she would be violating which AICPA Rule of Conduct?A) Rule 101 Independence.
B) Rule 102 Integrity & Objectivity.
C) Rule 203 Accounting Principles.
D) Rule 301 Confidential Client Information.
Answer:
B) Rule 102 Integrity & Objectivity
Explanation:
Rule 102 states that in carrying out an assignment there should be integrity and objectivity, facts must not be misrepresented, there should be no conflict of interest, and his judgement must not be influenced by others.
The CPA did not correct the financial records which excluded cash receipts in a bid to avoid tax charges. The facts on the records are misleading.
He also signed the document containing false information.
Which of the following changes in the loanable funds market will decrease the equilibrium real interest rate?
a.A decrease in private savings
b.A decrease in the expected inflation rateBAn increase in government spending on highways financed by borrowing
C.An increase in foreign financial capital inflows
D.An investment tax credit for plant and equipment
Answer:
The answer is Option C
Explanation:
Any event that would either decrease the demand for loanable funds or increase the supply of loanable funds will decrease the equilibrium interest rates. Supply of loanable funds is affect by the amount of national savings. National savings in turn, is the sum of private savings, public saving and net capital inflow.
In option C, capital inflows are increasing. This means that there would be an excess supply of money in the economy which can be converted into loanable funds. This would, therefore, push the supply curve to the right thereby reducing the real interest rate equilibrium.
The loanable funds market will see a decrease in real interest rates if there is C. An increase in foreign financial capital inflows.
The interest rate in the loanable funds market will decrease when the supply of funds increases. This can happen when:
People begin to save more The government embarks on an expansionary monetary policy More foreign funds came into the countryThe increase in foreign financial capital means that there is now more money to loan to people so the interest rates will decrease.
In conclusion, an increase in funds will decrease the interest rates.
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Star Volans Inc. is planning on expanding its business globally. In terms of the costs involved in conducting business in a country, it will be most economical for the company if it chooses a country:
A) Where laws regarding product safety, safety in the workplace, and environmental pollution are extremely stringent.
B) Where politicians are held accountable by the electorate.
C) Where the company will have to provide its own infrastructure and supporting business.
D) With no local laws to protect intellectual property.
E) With a closed totalitarian political system.
Answer:
Option B
Explanation:
Option B is correct because they have a duty to serve the interest of the population by providing them with favourable services and involving them in the making important decisions that is profitable and this would help the establishment of a business that is profitable to the country easy and cheap.
Robert Brown is interested in attending a concert next weekend. Unfortunately, he is scheduled to work. If he finds a substitute for his shift so he can attend the concert, what kind of cost is he incurring?
Answer:
Opportunity cost relating to time
Explanation:
Opportunity cost refers to the benefits foregone of a non chosen option when a choice is made and an option is chosen.
The concept of opportunity cost relates to the sacrifice made of one option to pursue another option since both cannot be chosen at a time.
In the given case, Mr Brown is desirous of attending a musical concert but is scheduled to work for the same time and duration as the concert. So he can either work or go for the concert. Attending the concert would mean loss of income for hours worked instead.
Making sure that the product meets the design specifications during production is referred to as a. quality of design process b. capability fitness for usec. quality of conformance
Answer:
The correct answer is letter "C": quality of conformance.
Explanation:
Quality of conformance is defined as the ability companies have to produce goods or services that meet the reason they are being provided for. That reason is to satisfy consumers' needs. For firms, it is extremely important to design a product that conveys customers' expectations, otherwise, the whole operation of the company would be a failure.
When the environment becomes more turbulent and unpredictable: a. External consultants need to play a greater role in strategy making b. Strategy becomes an impossible exercise c. Strategy becomes less important than intuition d. Strategy becomes an increasingly important as a source of direction
Answer:
The answer is d. Strategy becomes an increasingly important as a source of direction
Explanation:
A large film production company merges with a popular sound processing studio, resulting in the formation of a new company out of the two previously independent firms. This is most likely an example of a _____.
A. market extension merger
B. conglomerate merger
C. vertical merger
D. horizontal merger
Answer:
c. vertical merger
Explanation:
Answer:
The correct answer is letter "C": vertical merger.
Explanation:
A vertical merger happens when operations combine between two companies producing goods or services for the same finished products. Generally, the two combined companies work at different levels in the supply chain of a single industry, and they are expected to act more effectively as one.
Tina and James have made an offer on a four-bedroom home that will be much more costly than their present mortgage. The day after making the offer, James learns his company is being sold and he will probably lose his job. Are Tina and James contractually obligated to the offer they have made on the new home?
A. Yes, an offer is put onto a purchase contract form and is legally binding.
B. No, an offer is just an offer until it is accepted by the seller. Once the owner has accepted the offer, the offeror is legally bound to the contract.
C. It depends. If Tina and James have not received notification of the seller's accepting the offer, they may legally withdraw the offer and not be held liable on the contract. However, if the offer has been accepted, and communication of this offer has been received by the buyer, it is legally binding.
D. None of the Above
Answer:
C. It depends. If Tina and James have not received notification of the seller's accepting the offer, they may legally withdraw the offer and not be held liable on the contract. However, if the offer has been accepted, and communication of this offer has been received by the buyer, it is legally binding.
Explanation:
This requirement is made as a form of protection between the sellers and the buyers. After all the parties involved signed the contract, both parties now held accountable to fulfill their part in the contract. No matter what situation occurs in each party, both of them are obligated to fulfill their contract.
In this case, Tina and James are required to pay the agreed upon numbers to the owner of the property. The owner now prohibited to sell the property to other people beside Tina and James.
The only way out for Tina and James in this situation is to convince the seller to nullify the contract by explaining their situation.
When the strong dictatorial rule in Beckenstein unexpectedly collapsed due to the shocking death of the royal family in an explosion, the nation's economy experienced drastic changes. The laws became more restrictive, the country lost many locally produced resources and products, and the distribution of wealth became inequitable. The unexpected event that led to these changes can best be described as a(n) _____ event.
Answer:
black swan
Explanation:
A financing project is acceptable if its IRR is:
A. exactly equal to its net present value (NPV).
B. exactly equal to zero.
C. greater than the discount rate.
D. less than the discount rate.
E. negative.
A financing project is considered acceptable if its Internal Rate of Return (IRR) is greater than the discount rate, ensuring that the investment yields a return over the minimum required rate, thus indicating potential profitability.
Explanation:When assessing a financing project, one of the key factors considered is the Internal Rate of Return (IRR). The IRR is compared against the project's discount rate, which represents the opportunity cost of capital or the required rate of return. A project is considered acceptable if its IRR is greater than the discount rate. The IRR exceeds the discount rate means the project's return surpasses the minimum threshold required by investors or the company itself, indicating that it is expected to generate value.
The correct answer to the question is C: A financing project is acceptable if its IRR is greater than the discount rate. This criterion ensures that the investment's returns compensate for both the time value of money and the risk associated with the project. Choosing projects with an IRR above the discount rate can lead to increased profitability and a positive net present value (NPV).
Remember that IRR, NPV, and the discount rate are interrelated concepts in the field of finance, used to make informed investment decisions and evaluate potential projects' profitability.
Rita, a follower of a certain religion, posts a podcast on the Sabbath! website in which she insists that Congress base all federal law on her religious principles. Under the First Amendment, Rita is guaranteed _______.
a. the right to fair payment for her podcast.
b. the right to a review of her opinion in due process.
c. the power to delegate her view to the federal government.
d. the freedoms of religion and speech.
Option D
Under the First Amendment, Rita is guaranteed the freedoms of religion and speech.
Explanation:The First Amendment to the US Constitution is the section of the Bill of Rights and defends center American civil rights. The First Amendment defends Americans’ rights to the freedom of speech, press, assembly. Ere the twentieth century, most free speech concerns associated prior prescription.
The Court has also acknowledged a list of protests to provisions shielding the freedom of speech. Speech associated with national security or state secrets may likewise not be defended. Particular kinds of speech are not shielded, such as vulgarity, fight words, valid threats, child obscenity
Final answer:
Rita, under the First Amendment, is guaranteed the freedoms of religion and speech, allowing her to express her religious views and advocate for laws through her podcast.
Explanation:
Under the First Amendment, Rita is guaranteed “d. the freedoms of religion and speech.” The First Amendment explicitly states that “Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press”, securing both Rita’s right to practice her religion and to express her views publicly through her podcast. It is important to note that while Rita has the right to advocate for laws based on her religious principles, the Establishment Clause of the First Amendment prevents the government from actually enacting laws that establish a religion, thus maintaining a separation of church and state.
After surviving an ischemic stroke, a client has demonstrated significant changes in his emotional behavior, with his family noting that he now experiences wide mood swings and exaggerated responses of empathy, anger, and sadness to situations. His care team would most likely attribute these responses to ischemic changes in which brain structure?a. The man's occipital lobe
b. The client's temporal lobe in general and Wernicke area in particular
c. The man's parietal lobe
d. The components of the client's limbic system
Answer:
d. The components of the client's limbic system
Explanation:
The limbic system is located on both sides of the thalamus, is responsible for an individual's emotional responses and is also related to the formation if memories.
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Activity sequencing involves reviewing the activity list and attributes, project scope statement, and milestone list to determine the relationships or dependencies between activities.a. Trueb. False
Answer:
The correct answer is letter "A": True.
Explanation:
Activity sequencing is the set of steps organizations follow to accomplish certain tasks or even to reach greater goals at the corporate level. The activity implies finishing with a stage and jumping into the next one immediately after that according to a line-up strategically outlined.
A set of values, ideas, attitudes, and norms of behavior that is learned and shared among the members of an organization is referred to as itsa.core benefit proposition. b.corporate philosophy. c.organizational culture. d.core value proposition.
Answer: Corporate culture.
Explanation:
The Corporate culture of a company is the ideas, behavior and values that are shared among workers of that company and it is normally in line with the vision and mission statements of that company. The Corporate culture of an organization is what makes it stand out from other similar Organizations.
John is the chief operating officer (CEO) at an advertising company. He conducts bi-weekly meetings with his middle managers through which he motivates them and guides them to achieve their targets. Additionally, John also meets new employees once every few months for general discussions and to brief them about the company's policies and goals. In this case, John exhibits characteristics of the _____ function of management to ensure organizational success.
a. controlling
b. organizing
c. planning
d. leading
Answer:
Leading
Explanation:
Leading function in management is related to that function that focuses on motivation, encourages to another employee. The main motive behind implementing the leading function is to encourage subordinates to achieve the goal that the organisation has set.
In the same way, John, CEO, conducted a general discussion with new employees once in after few months. The Goal of John is to motivate them so that they bring something best for the organization.
Tobacco companies did not resist the advertising ban instituted in 1970 because they actually increased profits by not being allowed to advertise. This ban forced these companies to abandon their dominant strategy of advertising and wind up at a cooperative outcome of not advertising. Prior to the ban, the tobacco companies were involved in playing:_______.
a. a pure coordination game.
b. an assurance game.
c. a prisoner's dilemma game.
d. a battle of the sexes game.
Answer:C. A prisoner's dilemma game
Explanation: Tobacco is a product classified by moat countries of the world as Toxic and harmful to both the environment,person and people around where it is produced and the places where it is used.
A prisoner's dilemma game is a situation where two people or organizations chose not to corporate even if it is their best interest, this was the situation with the Tobacco companies prior to the ban on Advertisement placed in the year 1970.
Solan Inc. is externally oriented and focused on control. Its primary objectives are productivity, planning, and efficiency. Organizational members are motivated by the belief that performance that leads to the desired organizational objectives will be rewarded. These characteristics show that Solan Inc. has a(n) ______ organizational culture.
Explanation:
The given terms like productivity, planning and efficiency is too close to marketing. We can call the term marketing as "Sales" too. The marketing is the main source of revenue. Without business no industry can survive.Marketing is one of the major department, who actually bring business and thus reaching the organizational objectives.Productivity is one such important characteristics of market. This term is closely associated with a term called "target".Employees are expected to reach target to keep up the business.Which interest group is thought to run the most effective grass-roots lobbying campaigns?
a. National Education Association (NEA)
b. American Association of Retired Persons (AARP)
c. American Medical Association (AMA)
d. American Civil Liberties Union (ACLU)
Answer:
b. American Association of Retired Persons (AARP)
Explanation:
American Association of Retired Persons (AARP) is the interest group is thought to run the most effective grass-roots lobbying campaigns.
American Association of Retired Persons is a US based interest group who empower people in US to choose, how they live as they age. AARP dependent on ambitious, healthy and skilled workforce. AARP create an environment that encourage and enable the workface to achieve high.
Answer:
b. American Association of Retired Persons (AARP)
Explanation:
The local electronics store is offering a promotion "1-year: same as cash," meaning that you can buy a tv now, and wait a year to pay (with no in
Answer:
$961.54
Explanation:
To calculate the real price of the TV you would have to determine the present value of the TV's price. The future price of the TV is $1,000 and your discount rate is 4% annual (the same as your bank), so the present value of the TV =
present value = future value / (1 + rate) = $1,000 / 1.04 = $961.54
If your bank is offering an interest of 4%, then the true cost of the television would be $961.54.
How to determine the true costTo determine the true cost means that we find out the present value. The future rate is designated at $1,000 while the rate is 4%. Using the formula for the present value, we would have the following;
Present value = future value / (1 + rate)
= $1,000 / 1.04
= $961.54
So, the present value of the electronic would be $961.54.
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Complete Question:
The local electronics store is offering a promotion "1-year: same as cash," meaning that you can buy a TV now, and wait a year to pay (with no interest). So, if you take home a $1,000 TV today, you will owe them $1,000 in one year. If your bank is offering 4% interest, what is the true cost of the TV to you today?
The disappearance of the family farm can be partially attributed to the fact that the elasticity of demand for wheat is __________, while at the same time, the income elasticity for wheat is __________.
Every organization has many resources, capabilities, and routines; however, those few things the company does really well and are performed with a very high proficiency are termed:______.
A. Core competencies
B. Distinct capabilities
C. Sustainable
Answer:
B. distinct capabilities
Explanation:
Distinct capabilities -
It refers to the capacity or the capability of the specific business or company , which are specifically present in that very company and is of huge importance and profitable for the company , is referred to as distinct capabilities .
These unique feature of the company make the company to stand out from rest of the other companies in the competitive market .
Hence , from the given information of the question ,
The correct option is B. distinct capabilities .
On January 2, 20X2, Piranha Company acquired 70 percent of Salmon Corporation's common stock for $420,000 cash. At the acquisition date, the book values and fair values of Salmon' assets and liabilities were equal, and the fair value of the noncontrolling interest was equal to 30 percent of the total book value of Salmon. The stockholders' equity accounts of the two companies at the acquisition date are as follows:
Piranh Salmon
Common Stock ($10 par value) $600,000 $350,000
Additional Paid-In Capital 450,000 50,000
Retained Earnings 250,000 200,000
Total Stockholders’ Equity $1,300,000 $600,000
Noncontrolling interest was assigned income of $15,000 in Piranh consolidated income statement for 20X2.
Based on the preceding information, what amount will be assigned to noncontrolling interest on January 2, 20X2, in the consolidated balance sheet?
Answer:
Non Controlling interest (NCI) = 180000
Explanation:
Fair value of assets = Book Values
Total Equity of Salmon on 2 January 2002 = 600000
Share of Net assets NCI 30% = 600000*30% = 180000
There is no change at acquisition so 30% will be applied on book value which is equal to Fair Value.
15,000 income relates to the post acquisition share of profit of NCI.
Final answer:
The noncontrolling interest on the consolidated balance sheet as of January 2, 20X2, will be assigned an amount of $180,000, calculated as 30 percent of Salmon Corporation's total stockholders' equity, which is $600,000.
Explanation:
The given question requires us to determine the amount that will be assigned to the noncontrolling interest on the consolidated balance sheet on January 2, 20X2, after Piranha Company acquired 70 percent of Salmon Corporation. To find this, we need to know the fair value of the noncontrolling interest, which is equal to 30 percent of Salmon Corporation's total book value. From the data provided, the total stockholders' equity for Salmon is $600,000, which means the noncontrolling interest would have a book value of 30 percent of this amount.
Calculation:
Total stockholders' equity of Salmon Corporation: $600,000Percentage for noncontrolling interest: 30%Amount assigned to noncontrolling interest: $600,000 * 30% = $180,000Thus, the amount assigned to noncontrolling interest on the consolidated balance sheet will be $180,000.
Kayak is a company that allows customers to efficiently search databases to find the best airline and hotel deals all over the Web. Kayak does not make bookings but rather provides recommendations for the best travel plans. Travel providers pay Kayak a commission when customers click through to their sites. Kayak, travelers, the airlines, and the hotels are all part of _________.a. facilitating agency
b. marketing mix intermediary
c. selective promotion channel
d. marketing channel or channel of distribution
e. transportation channel or channel of movement
Answer: (D) Marketing channel or channel of distribution
Explanation:
The marketing channel is one of the type of organization that perform various types of activities for purpose of transmission of the products and the services from the manufacturer to the customer or the end user.
It is also known as the distribution channel and it include the various types of business strategies for promoting the product.
According to the given question, the Kayak is one of the type of organization that publicly allow their database for the purpose of searching the best deals for the hotels or airline.
Therefore, The kayak is one of the part of marketing channel or the channel of distribution.
Arrow Straight Corporation makes archery supplies. While using an Arrow Straight bow, Jamie is injured due to a defect in the bow that causes an arrow to misfire. Kaley, another archer standing by is also injured. In a product liability suit based on strict product liability, Arrow Straight may be liable to
Answer:
Jamie and Kaley
Explanation:
As per product liability, a seller is held responsible for any injury caused by using the product by the consumer, that is sold by the seller. There is no federal law in place but lawsuits can be filed with state or federal court against the seller in case of injuries caused as a result of using defective product.
In this case, bows sold by Arrow Straight caused injuries to Jamie and Kaley. As such, the company is held responsible and may be liable to pay for the damages caused to Jamie and Kaley.
Answer:
Jamie and Kaley.
Explanation:
Strict product liability is the principle that irrespective of the complainant's negligence, a dealer, retailer or supplier is responsible for a manufacturing fault. It doesn't matter if the item's seller, dealer or maker takes proper steps to ensure that the goods are not faulty.
In this situation Arrow Straight Corporation manufactured a bad product, so Arrow straight is liable to Jamie and Kaley.
A comparative financial statement:
a. Places the balance sheet, the income statement, and the statement of cash flows side-by-side in order to compare the results
b. Places two or more years of a financial statement side-by-side in order to compare results
c. Places the financial statements of two or more companies side-by-side in order to compare results
d. Places the dollar amounts next to the percentage amounts of a given year for the income statement
Answer:
The answer is B
Explanation:
A comparative financial statement compares places two or more years financial statement together in order to compare.
It is always referred to as horizontal analysis because it is the same company and we are only comparing the previous years and the current year result which are placed side by side. Hence, the reason why it is called horizontal analysis.
Alice is willing to spend $30 on a pair of jeans, and has a coupon for $10 off she found online.
She selects and purchases a $35 pair of jeans, pre-discount.
-----
What is Alice's Consumer Surplus?
Answer:
$5
Explanation:
The computation of Alice's consumer surplus is shown below:
Consumer surplus = Willing to spend - Market price after considering the discount
where
Willing to spend = $30
Market price equals to
= Purchase a pair of jeans - coupon rate
= $35 - $10
= $25
So, the consumer surplus is equal to
= $30 - $25
= $5
The Alice's consumer surplus for the pair of jeans is $5. This means that she saved $5 compared to what she was willing to pay, thanks to the $10 coupon she used.
Consumer surplus is a concept in economics that represents the difference between what a consumer is willing to pay for a product and what they actually pay.
In this scenario, we can calculate Alice's consumer surplus as follows:
1. Alice's willingness to pay (WTP) for a pair of jeans is $30.
2. She has a coupon for $10 off, so the actual price she pays is $35 - $10 = $25.
Consumer Surplus = WTP - Actual Price Paid
Consumer Surplus = $30 - $25
Consumer Surplus = $5
It reflects the additional value she gained from the discount and is a measure of her economic benefit from the purchase.
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Ruth keeps account of her family's expenses. She keeps track of the entire family's needs and discusses with other family members about what products need to be bought. She realizes that the family requires a bigger refrigerator and discusses this with her parents. She collects information about refrigerators from various brands so that her parents can make an informed decision. In the given scenario, Ruth plays the role of the ________ in the household purchase process.a. innovator
b. influencer
c. gatekeeper
d. purchaser
The correct answer is B. Influencer
Explanation:
In the purchasing process, an influencer refers to an individual who influences or affects the purchasing process; this includes the type of products other people buy, the reasons to buy them, and the frequency these are bought. Due to this, influencers can make other people pay for certain services or products or abstain from doing this.
In the case presented, Ruth acts as an influencer because through her actions she convinces her family they need to buy a refrigerator, which means she affects the purchasing process. Also, as an influencer, she is the one that chooses the type of product and she informs the buyers (her parents) about the reasons for buying this.
An economist at the University of Alaska at Anchorage has been asked to explain why the price of Alaskan crude oil has fallen recently. In order to develop a model, the professor should take which steps?a. Identify the problem, develop a model based on simplifying assumptions and test the model to formulate a conclusion.
b. Gather data on crude oil prices and seemingly unrelated variables to look for associations, then formulate a hypothesis based on those unexpected associations.
c. Ask people in Alaska why they are not purchasing oil.
d. None of these. The oil industry is controlled by a cartel; therefore price changes in the industry cannot be explained using economic theories.
Answer:
The answer is: A. Identify the problem, develop a model based on simplifying assumptions and test the model to formulate a conclusion
Explanation:
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Charlie tells Jamal that Marisol has agreed to allow him to sell her racing bicycle. Marisol is present at the time, hears the conversation, and says nothing. Jamal agrees with Charlie to buy Marisol's bike. Marisol then refuses to sell the bicycle. Marisol claims that she is not bound by the agreement formed by Charlie and Jamal because Charlie is not her agent. Marisol likely is:
a. not bound by the contract because she did not have an agency agreement with Charlie.
b. bound by the contract, under a theory of agency by operation of law.
c. not bound by the contract because of a rescission.
d. bound by the contract, under a theory of agency by estoppel.
Answer:
d. bound by the contract, under a theory of agency by estoppel.
Explanation:
The concept of agency by estoppel is when a principal (Marisol) gives the impression that a third party (Charlie) is acting on their behalf. The third party (Charlie) becomes an agency by estoppel.
Any contract that Charlie enters on behalf of Marisol is binding on her. So the sale of the race bicycle is a contract Marisol should respect.