A quality control analyst takes twenty-four samples of size 200 each from the output of a production line. The items in each sample are tested, and the number .
Define sample?
A sample refers to a smaller, manageable version of a larger group. It is a subset containing the characteristics of a larger population. Samples are used in statistical testing when population sizes are too large for the test to include all possible members or observations. The word example is used to mention an illustration, in support of a claim. The word sample is used to denote a specimen or model. Some English words invite confusion every time someone tries to use them. A sample is defined as a smaller and more manageable representation of a larger group. A subset of a larger population that contains characteristics of that population.
A sample is used in statistical testing when the population size is too large for all members or observations to be included in the test.
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Grover is overseeing a transaction in which one party is a business that owns a piece of property. As such, Grover is likely a
Grover is overseeing a transaction in which one party is a business that owns a piece of property. As such, Grover is likely a real estate broker or agent.
A real estate broker or agent is a professional who helps individuals or businesses buy, sell, and rent properties. They are typically responsible for overseeing the entire process of a real estate transaction, from listing the property and showing it to potential buyers, to negotiating offers and closing the sale. They may also help with lease agreements and other paperwork. As Grover is overseeing a transaction in which one party is a business that owns a piece of property, it is likely that he is a real estate broker or agent.
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Which of the following accounts are generally credited on the books of an acquiring company in recording stock acquisition of a subsidiary?
- Common Stock
- Additional Paid-in Capital
A. Common Stock, B. Additional Paid-in Capital and C. Deferred Stock Issue Costs, are generally credited on the books of an acquiring company in recording stock acquisition of a subsidiary.
What type of account is additional paid in capital?On a company's balance sheet, additional paid-in capital is shown under stockholders' equity. Every time a corporation issues new shares to shareholders or buys back its shares from them, an account for the additional paid-in capital is created.
The acquisition of a firm is now typically recorded using purchase acquisition accounting on the acquiring company's balance sheet. At fair market value, the assets of the acquired company are recognised as assets of the acquirer. The fair market value of the purchasing firm rises as a result of this accounting procedure.
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I am working in a macroeconomics class and could desperately need some help before 1-22-23. I need to understand the calculations. It is a mindtap assignment. In chapter 24 of Principles of Economics textbook by Cengage.
1) Note that the cost in dollars for 2021 is given as:
2) Note that the cost in dollars for 2022 is given as:
3) The total cost is arrived at by summing up all the costs in each year.
Thus, Total Cost ($) for 2021 is $1,430; and
the Total Cost ($) for 2022 is $ 1,716
4) Note that between 2020 and 2021, UPI increased by 10%
Also, between 2021 and 2022, UPI increased by 20%. See the calculations below.
What is the PI?A pricing index (PI) is a normalized average of price relatives for a certain class of products or services in a specific location over a specific time period. It is a statistic that may be used to compare how these price relatives change over time periods or geographical areas.
The formula is given as:
CPI (consumer price index) in Yearx = (Cost Of Fixed Basket in Year X / Base Year Cost of Fixed Basket) x 100
1 & 2) To compute the costs, all we needed to do was to multiply the price for each item in the new year by the Quantity already given in the Base Year (2020).
For example:
For Streaming Services, the Quantity In the Basket (which remains constant across three years is given as 1. The price in 2020 is $64, so it's cost in 2020 is $64.
In 2021, however, it's price increased to 104. Thus, the cost is now:
1 * $104 = $104. This iteration is repeated for each item in 2021 and 2022. See the attached for the full costs in 2021 and 2022.
3) Note that the Undergraduate Price Index is arrived at using the Price Index formula above.
In 2020, the Price Index is 100 because:
Cost of Fixed Basket for 2020 = 1300
Base Year Cost of Fixed Basket = 1300. (Recall that 2020 is the base year)
Thus, we have (1300/1300) x 100
= 100
Repeated for 2021, we have:
(1430/1300) x 100
= 110
Repeated for 2022, we have:
(1716/1300) x 100
= 132
4) To get the percentage change in PI between 2020 and 2021, we use the following expression:
Percentage Change = [(x2 - x1) / x1] * 100; Where
X1 is the Origial Value
X2 is the new value
Thus, the Percentage Change in PI between 2020 and 2021 is:
((110-100)/100) *100
= (10/100) * 100
= 10%
Also, the percentage change in 2021 against 2022 is given as:
((132-110)/100) *100
= 20%
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After a company has analyzed the environments in which it operates and develops a specific plan of action, it becomes time for_________
The moment has come for strategy implementation once a business has examined the surroundings in which it works and created a detailed plan of action.
In the context of uncertainty, a plan is a thorough plan to carry out or more broad, lengthy goals. Eastern Roman terminology from the sixth century C.E. first used the phrase "art of the general," and it wasn't until the eighteenth century that it was translated into Western vernacular languages. Military tactics, siegecraft, logistics, and other subsets of talents were all included in this concept of the "art of the general. Following that, and up until the 20th century, the term "strategy" grew to mean "a comprehensive way to try to achieve political aims, including the threat or real use of force in a "dialectic of wills" during a military conflict in which the opposing parties work together.
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A partnership agreement will include each of the following: (Check all that apply)
1) date of partner dissolution
2) names of partners
3) tax payment duties
4) partner rights and duties
5) income and loss sharing
An agreement between partners will detail the date of the partnership's dissolution, the names of the partners, tax payment obligations, partner rights and duties, and income and loss sharing.
A partnership is a relationship between people who have agreed to split the earnings from a business that all of them, or any of them, act for all of them. Individually, those who have formed a partnership with one another are referred to as "partners," and as a whole, they are referred to as "a firm." The name under which the firm operates is referred to as the "firm name."
The relationship of partnership is based on contract rather than status, hence, for example, members of Hindu undivided families running family businesses as such or Burmese Buddhist husband and wife running businesses as such are not considered partners in such businesses.
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In the United States, recording business transactions in dollars is an application of the accounting concept ____.
In the United States, recording business transactions in dollars is an application of the accounting concept of monetary unit assumption.
The monetary unit assumption is one of the basic assumptions of accounting, which states that all economic transactions should be recorded in a stable and specific currency, such as the US dollar.
This allows for consistent and comparable financial information to be reported and enables the measurement of changes in an organization's financial position over time.
Recording business transactions in dollars is a practical application of this concept, as it allows for financial statements to be prepared and analyzed using a common and stable unit of measurement.
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Which of the following is an important mantra that helps explain why effective measurement is so important to supply chain management?a. What gets measured gets doneb. Measure thrice cut twicec. If you can't measure it, you can't manage itd. Time tellse. All of the abovef. A, B, & C onlyg. A & C only
A & C only is an important mantra that helps explain why effective measurement is so important to supply chain management.
What is supply chain management.?
Supply chain management, which covers all procedures that convert raw materials into finished commodities, is the management of the movement of goods and services.
Supply chain management (SCM), which comprises all procedures that convert raw materials into finished commodities, is the central administration of the movement of goods and services.Companies may reduce unnecessary expenditures and deliver goods to customers more quickly and effectively by optimising the supply chain.Effective supply chain management keeps businesses out of the news and away from costly recalls and legal actions.Developing a plan, locating raw materials, production, distribution, and returns are the five SCM components that are most important.Controlling and lowering expenses while preventing supply shortages are the duties of a supply chain manager.To learn more about supply chain management
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Due to a long-term interest in which they operate.
business entities.
business owners contribute to those communities in nonbusiness ways to a greater extent than other
Due to a long-term interest in which they operate. C corporation business entities. These business owners contribute to those communities in nonbusiness ways to a greater extent than other businesses.
What is a C corporation?A C corporation, sometimes known as a C-corporation, is a type of organization that is legally structured such that the shareholders and owners pay their own taxes. Corporation income tax is also levied against C companies, the most common type of corporation.
A C corporation, sometimes known as a C-corporation, is a type of organization that is legally structured such that the shareholders and owners pay their own taxes.
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For each of the following activities, identify the flow of dollars as either household-to-firm or firm-to-household.
Activity
Latasha pays a storekeeper $1 for a quart of milk.
Alyssa earns $10,000 from 40% ownership of her family business.
Jake earns $8 per hour working at a fast-food restaurant.
Rosa spends $100 for a plano lesson.
Flow of Dollars
Thus, households and businesses exchange expenditures for products and services, while businesses and households exchange revenue in the form of wages, rent, and profits.
What does business to household flow refer to?Thus, households and businesses exchange expenditures for products and services, while businesses and households exchange revenue in the form of wages, rent, and profits.It demonstrates the connections between businesses and households that occur in the product and factor marketplaces. In the diagram, it should be noted that homes and businesses are not connected to one another; instead, they are connected to the two marketplaces.Because of the rising opportunity cost, the production possibility frontier is shaped like a bow.Thus, households and businesses exchange expenditures for products and services, while businesses and households exchange revenue in the form of wages, rent, and profits.To learn more about household flow refer to:
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In an economy with a population of 100 million persons, 40 million hold civilian jobs and 9 million are not working but are looking for a job. The number of persons in the civilian labor force is O 51 million O 60 million O 91 million. O 49 million
There are 49 million civilian workers. Is the best choice.
When the unemployment rate a corresponds the natural unemployment rate, "full employment" is said to exist.
Many parts of the automobile manufacturing process which were actually done by humans are now managed to complete by robots. Employees who were laid off due to the use of robotics have become cyclically unemployed.
If the cyclical unemployment level is negligible, the organic unemployment rate is higher than the overall unemployment rate.
When an individual is capable and willing to work but does not possess a paid job, they are unemployed. The underemployment rate is the proportion of individuals who are employed who are out of work.
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What factors help the IRS determine whether a licensee is classified as an employee or independent contractor?
The factors help the IRS determine whether a licensee is classified as an employee or independent contractor are behavioral control, financial control, and the relationship of the parties.
A person who engages in an independent trade or profession and provides services to the general public is known as an independent contractor (IC). An IC is regarded as having self-control over their work, not that of the employer. The work of an employee, on the other hand, is managed and directed by the employer.
To decide whether a worker is an independent contractor or an employee, the IRS applies common law criteria. Federal employment taxes—federal income tax, FICA taxes for Social Security and Medicare, and federal unemployment taxes—are the subject of this IRS review.
When evaluating workers to determine whether they were independent contractors or employees in the past, a "20 Factor Test" was utilized. For the IRS's evaluation of the particular scenario, these elements have been condensed into three broad categories: 3
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Marketing personnel and product designers must work closely with operations to successfully develop and produce new products because operations personnel can best judge how ________ new product designs will be.
Answers: O segmentable
O profitable
O marketable
O manufacturable
O nameable
Marketing personnel and product designers must work closely with operations to successfully develop and produce new products because operations personnel can best judge how Manufacturable new product designs will be.so answer is Manufacturable.
What exactly is marketing personnel?All existing and future workers of the respondents, as well as senior management, are referred to be marketing personnel if they have a material role in formulating, putting into practise, or supervising the pricing, marketing, or promotion of tickets. To create demand for goods and services and to increase consumer awareness of them, marketing managers plan and execute marketing initiatives. Designing, administering, and assessing marketing campaigns are just a few examples of the many tasks that this broad description might include.
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____ is the process of figuring out how much money you'll need in retirement and creating a plan to get there.
Retirement planning is process of figuring out how much the money you'll need in retirement and creating plan to get there.
What is retirement?Abandoning one's job, career, or active working life is the process of retiring. When they get too old or physically unable of performing their job duties, many people decide to retire. However, some people are compelled to retire due to job-related legal requirements or physical limitations that make it difficult for them to work any longer. A person may also retire if they are eligible for a private or public pension. In many of the world's poorest nations, the family is the only source of care for the elderly. In many nations today, retirement with a pension is regarded as a worker right, despite the fact that this has been the subject of contentious ideological, social, cultural, and political debates.
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concerning incremental project cash flow, which of these is a cost one would never count as an expense of the project? A. initial investment
B. taxes paid
C. operating expenses of the project
D. financing costs
Option D is correct. Cost of Funding (FC), also known as financing costs (COF), are the costs, interest, and other fees associated with borrowing to construct or purchase an asset.
This could range from financing a mortgage, financing a car loan with a bank, or financing a student loan.
Financing costs are the interest and other costs that a company incurs when borrowing money. They are also known as 'borrowing costs' or 'financial costs'. “There are two different ways companies can pay their operating expenses.
Funding costs are accumulated as an intangible asset in the 'other assets' section of the balance sheet. Most closing costs are associated with financing the purchase price, but not all are.
Incremental cash flow does not include cash income or liabilities from other parts of the business. This only includes money earned and spent on specific projects. It also excludes sunk costs, opportunity costs and cannibalization.
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AIS strategic roles of AIS investments are classified as: Multiple Choice automate, digitize, transport lue creation, value destruction, value neutral. automate, informate, transform. digitize, report, transform.
(C) Automate, informate, and transform are the three categories for the strategic functions of AIS investments.
What do we mean by AIS Strategic Roles Of AIS Investments?The three categories for the IT strategic roles of AIS investments are automated, inform, and transform.
A recent study described the transform IT strategic role as systems that fundamentally reconfigure company relationships and processes.
Receiving, storing, and distributing inputs is known as inbound logistics. Inputs are converted into outputs through operations.
The distribution of goods or services to clients is known as outbound logistics.
Sales and marketing help clients purchase the product.
For the benefit of accountants, consultants, business analysts, managers, chief financial officers (CFOs), auditors, regulators, and tax agencies, a company employs an accounting information system (AIS) to gather, store, manage, process, retrieve, and report its financial data.
Therefore, (C) automate, informate, and transform are the three categories for the strategic functions of AIS investments.
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Correct question:
AIS strategic roles of AIS investments are classified as:
Multiple Choice
a. automate, digitize, transport lue creation,
b. value destruction, value-neutral.
c. automate, informate, transform.
d. digitize, report, transform.
Riverview does not have a formal grievance policy where employees are able to report colleagues who engage in unethical behavior. After all, those behaviors can cost other employees business in the long run.
Strategies Due to the inspection, Riverview has decided to conduct an analogous ethics scan doubly per time to estimate all of its ethics-related programs and procedures, including its approaches to prospective hand webbing, ethics training, and prices.
Ethics Training aims" to enable workers to identify and deal with ethical problems developing their moral anticipations, which are implicit in everyday choices and conduct.
Despite workers' contending liabilities, ethics training is important and can impact business, the company's character, and diurnal office morale. A company can not go to leave ethical decision-making to chance because one hasty or ill-conceived action by hand can harm an entire association.
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which of the following statements is correct?
A. The average annual growth rate of real GDP was higher in the United Kingdom than in the United States between the late 1800s and 2010. B. In the late 1800s, real GDP per person was higher in the United Kingdom than in the United States. C. In 2010, real GDP per person was higher in the United Kingdom than in the United States. D. All of the above are correct.
In the late 1800s, real GDP per person was higher in the United Kingdom than in the United States is correct. This concludes that the correct answer is B.
Gross Domestic Product (GDP) is a monetary measure of the market value of all final goods and services produced and sold by a country in a given period of time. Due to its complexity and subjectivity, this metric is often changed before it can be considered a reliable guide.
On the other hand, (nominal) GDP per capita does not take into account differences in cost of living and inflation rates between countries. Therefore, using GDP per capita at purchasing power parity (PPP) is more useful when comparing living standards between countries, and nominal GDP is more useful when comparing national economies on international markets.
Hence the correct option is B
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Refer to the table. When moving from possibility D to C, the opportunity cost of one more pound of fish is __ pound(s) of fruit. 31021/3
When moving from possibility D to C, the opportunity cost of one more pound of fish is 1/3 pounds.
Option C is correct.
Calculating the problem:
When moving from possibility D to C, the opportunity cost of one more pound of fish is
= forgone unit of fruits / gain unit of Fish
=(6-4)/ (14-8)
=2/6
=1/3
=0.33 pounds of fruits.
What is the straightforward meaning of opportunity cost?The value of what you lose when choosing between two or more options is called the opportunity cost. There are trade-offs in every option, and the opportunity cost is the potential advantages you will miss out on if you choose one path over another.
What exactly is opportunity cost and what is its significance?The value or benefit of an alternative choice in comparison to the value of the one chosen is known as the opportunity cost. When making decisions, the idea of opportunity cost is used to help people and businesses make better choices, primarily by considering the alternatives.
Question is incomplete:
Possibility Fish (pounds) Fruit (pounds)
A 20 0
B 18 2
C 14 4
D 8 6
E 0 8
Refer to the table. When moving from possibility D to C, the opportunity cost of one more pound of fish is pound(s) of fruit.
A. 10
B. 2
C. 1/3
D. 6
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you call an all-staff meeting. what can you do to stop the negative emotions from spreading further among the employees? what actions would most effectively do so? drag each topic below into its appropriate category in the table, and click submit.
We can prevent the employees' negative feelings from spreading by implementing the following measures: Most efficient decision: Teach employees how to use emotional suppression in their daily jobs.
Cognitive reappraisal methods. Somewhat wise choice: Congratulate everyone. Encourage your team to practise smiling and acting in a polite, joyful manner.
Assign a co-worker to act as each employee's "buddy for the purposes of social sharing" least useful If anyone would like, offer to move them from customer service positions such as waitstaff to behind-the-scenes positions. Remind the staff that the Grille's customer service evaluations have always been favourable.
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airbus a380 project determine how you would have handled the project differently as a project manager,
Most authors attribute the failure of the Airbus A380 to poor project management, as the project manager failed to make important decisions at the right time.
A long and wide runway (200 feet wide compared to his 150 feet on the Boeing 747) wide taxiway. Larger cargo compartment and passenger amenities. Improved baggage system. Incompatible software is a minor thing that can be fixed from the beginning. But Airbus never saw the reason. That's one reason why the A380 launch was delayed. This delay is one of the reasons why his A380 was not really synced with the time of day across the airline industry.
The Airbus A380 is a large, wide-body airliner designed and manufactured by Airbus. It is the world's largest passenger airliner and the only full-length biplane jet. Airbus' research began in 1988 and the project was announced in 1990, challenging the Boeing 747's dominance in the long-haul market.
The economy cabin is in a 3-4-3 configuration, with all seats arranged on the lower deck of his A380 in his 3/4 class. Seats B, E, F and J should be excluded from the list as avoiding the middle seats is a top priority unless you are flying with family or friends.
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Show what happens to the production possibilities frontier (PPF) if the society develops a new fertilizer that significantly increases agricultural production.
If a society develops a new fertilizer that significantly increases agricultural production, it can shift the production possibilities frontier (PPF) outward. The PPF represents the maximum combinations of two goods that can be produced with the given resources and technology available.
Initially, the production possibilities frontier ( PPF is a bowed-out shape that represents the trade-offs between the two goods. When a new fertilizer is developed, it allows for more output of agricultural goods to be produced with the same resources and technology. This results in an increase in the society's productive capacity, and hence, the PPF shifts outward. The new PPF will be steeper than the previous one, indicating that more of both goods can be produced.
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Phil works at ABC Advertising Co. and is responsible for coordinating all phases of production and making sure everything is completed on schedule. Phil most likely works in the _____ department at ABC.
Phil is a member of ABC Advertising Co.'s production team. She is in charge of overseeing all production-related procedures and making sure that production is finished on schedule.
She organizes every stage of the process to save manufacturing time and maximize efficiency.
Given the facts in the question, it can be concluded that Phil most likely works for a wholesaler of specialized lines in this case. This is a company that offers goods or services with a very limited range of options. In this instance, there would be only organic, grass-fed beef available.
A person's beliefs, thoughts, emotions, and values make up their cognitive dissonance.
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which one of the following complies with GAAP?- matching revenues with expenses- matching expenses with cash flows- matching cash flows, revenues, and expense- matching revenues with cash flows
The correct option is (1) Matching revenues with expenses.
Generally Accepted Accounting Principles (GAAP) require that revenues and expenses be matched in the financial statements, meaning that the revenues and expenses that are reported in a given reporting period should be related to each other.
This concept of matching ensures that the financial statements reflect the economic performance of the entity for the period. In other words, the revenues and expenses reported in a given period should reflect the activities that occurred during that period.
For example, if an entity sold merchandise in a given month, then the revenue related to that sale must be reported in the same month. So, matching revenues with expenses is one of the requirements of GAAP.
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which of the following statements is/are not true about predetermined time standards? multiple select question. they are considered to be highly accurate representations of task time durations. performance ratings are not required. significant analyst skill is required to break a task into basic elements. jobs must be completed before standards can be set.
The statements that are not true about the predetermined time standards include,
performance ratings are not required;jobs must be completed before standards can be setTherefore, the options B and D are correct.
The predetermined time standards are required for bringing a sense of effectiveness in a constrained environment which is working in the direction of accomplishment of tasks. This further helps in making an accurate representation of tasks that are time-based. Moreover, these standards bring efficiency in the organization.
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a general contractor advertised in a trade publication that she planned to bid on the construction of a new building. the advertisement welcomed bids from subcontractors to perform various functions, such as plumbing, electrical work, and masonry. the lowest plumbing bid she received was from a plumber for $10,000. the general contractor used that bid in preparing her bid and submitted the bid to the client. shortly thereafter, the plumber called her and explained that there was a mistake in his bid and he could not perform the work for less than $12,000. the general contractor was awarded the contract and told the plumber she was accepting his $10,000 bid, but the plumber reiterated that he would not do the work for less than $12,000. the general contractor hired a different company to do the plumbing work on
The amount she had to pay for the plumbing work was $2,000, which is the difference between the plumber's bid and what she had to spend.
Plumbing refers to any system used to move fluids for various reasons. To transport fluids, plumbing uses pipes, valves, plumbing fittings, tanks, and other equipment. The most typical functions of plumbing include waste removal, potable water delivery, and heating and cooling (HVAC), but these are not the only ones. The name comes from the Latin word plumbum, which meaning "lead," as lead pipes were the first functional pipes used in the Roman era. A bid is an individual or company's competitive offer to determine the cost of a good or service, or it might be a request that something be done. A technique of determining a product's cost or value is through bidding. Depending on the circumstances, a person may bid while under the effect of a good or service. The amount that a company or individual is willing to offer as a price is referred to as a bid in the context of auctions, stock exchanges, or real estate.
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Paleota Company purchased a patent from Finise for $234,000. At the time of purchase, the patent had a remaining useful life of $23,000 Calculator $9,800 $23,400 $14,000
The purchase of the patent from Finise for $234,000 will result in an annual amortization expense of $9,800, assuming the patent has a remaining useful life of $23,000.
To calculate this amount, we take the total cost of the patent (234,000) and divide it by the remaining useful life (23,000). This gives us an amortization expense of $10.17 per year. Multiplying this by the remaining useful life of 23,000 gives us an amortization expense of $234,000.
234000/23000=10.17
10.17×23000=234000
The total cost of the patent will be spread over the remaining useful life, meaning that the amortization expense each year will be $9,800. This amount will be recorded on Paleota Company's income statement as an expense. The amortization expense will reduce the patent's carrying value on the balance sheet until it reaches $0, at which point the patent will be fully amortized.
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you are sitting in a meeting of a corporate board of directors where the discussion is about whether to lay off 2,000 workers. the ceo asks you to rate the benefits to the corporation versus the cost to the workers and their families. this is an example of _____ economics.
This is an example of microeconomics. Microeconomics is a branch of economics that focuses on how the decisions of individuals, businesses, and governments affect the prices and quantities of goods and services.
In this case, the company's board of directors is weighing the benefit to the company of eliminating 2,000 workers against the cost to those workers and their families. The benefit to the company may include increased profits, reduced costs, and other potential benefits. Costs to workers and their families may include job loss, reduced income, and other related costs. Ultimately, the board must attempt to determine which outcome is likely to provide the greatest net benefit to the company.
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Use the midpoint formula. If the price of a gardenburger decreases from $9 to $8, the price elasticity of demand equals ____and demand is______ A. -6.33; elastic B. - 19.0; inelastic C. -0.16, inelastic D. 6.33, elastic
Adjusting journal entries are made in a company's general ledger at the end of an accounting period to reflect any unrealized gains or losses.
All of them are anticipated responses to the aforementioned question. Adjusting journal entries are made in a company's general ledger at the end of an accounting period to reflect any unrealized gains or losses. A transaction that started in one accounting period but ended in another requires an adjusting journal entry to be properly recorded. Financial reporting that corrects an inaccuracy from a prior accounting period is sometimes referred to as adjusting journal entries. The following statements about altering entries are accurate and true. Adjusting entries are used to record accrued expenses and income. Accrued expenditures and revenues contain assets and liabilities that have not yet been recognized. Prepaid expenses, depreciation, and other adjustments all require adjusting inputs.
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pricing technique that focuses on 99 is an example of application in consumer behavior. group of answer choices marketing strategy regulatory policy social marketing informed individuals none of the above
The pricing technique that focuses on 99 is an example of application in consumer behavior. The psychological pricing technique, often called "charm pricing", which is when prices are set just below a round number, such as 99 instead of 100.
The idea is that consumers perceive the price to be lower and more attractive than it actually is, which can increase sales. It falls under the category of marketing strategy.An example of its use in customer behaviour is the price strategy that places the emphasis on 99. The psychological pricing approach, sometimes known as "charm pricing," involves setting costs just below a round figure, including such 99 instead of 100, in order to sway customer behaviour. Customers are supposed to believe that the price is cheaper and more appealing than it really is, which can boost sales. It fits the definition of a marketing plan.99 instead of 100 is a marketing strategy that is used to influence consumers behavior.
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when ordering the kids' lunch at burger universe, the customer must choose a size, whether or not to have cheese, a type of bun, a side order, and a type of fruit drink. here are the possibilities for each choice.
The customer must select a size, a bun type, a side order, and a type of fruit drink while ordering the Kids' Lunch at Burger Universe. There are 72 possible lunches for children.
The permutation is what?A permutation is a grouping of things in a particular order. In this instance, sets' constituent parts are sorted in a linear or sequential sequence. A permutation of 2, for instance, is 1,6,1 for the collection A=1,6. You can see that there is no alternative way to arrange set A's parts.
What Sets a Combination Apart from a Permutation?Between permutations and combinations, there are a number of important differences. A combination is a choice of data where the order is irrelevant, as opposed to a permutation, which is an arrangement of data that depends on the order. Consider a list of racers for permutations and a group of team members for combinations as examples of lists from which data for permutations and combinations are typically selected.
There are three different sizes that you can choose from in this permutations issue (small, medium, and large),
- Three options for the bun (plain, sesame, and wheat),
- There are 4 options for the side order (fries, onion rings, fruit cup, and cheese sticks)
- There are two options for the fruit drink (orange, and grape)
The complete combinations available for kids' meals are what you can receive, so:
3 × 3 × 4 × 2 = 72
There are 72 different kids' lunch options.
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