Jordan's school can be sued for tortious interference with existing contractual relationship bintas. True.
The actions of Jordan, the dean of the Midwest business school, to lure Milo away from his current university, where he was under a contractual agreement, could be viewed as tortious interference with an existing contractual relationship. By offering Milo a new position, Jordan intentionally caused a breach of contract between Milo and his previous university. Therefore, Jordan's school could be sued for tortious interference with an existing contractual relationship.
When a third person wilfully interferes with a commercial or contractual arrangement between two parties, resulting in financial loss, it is considered tortious interference. By providing Milo with a new job while he was still under contract with his old institution, Jordan's school may have violated the law in this instance.
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addresses the answer to the question: how how far should the plan go to meet the objectives?
The four main types of planning are strategic, tactical, operational, and contingency planning. Organizations set their aims and objectives through the process of strategic planning.
Generally speaking, what does planning mean?
The process of planning is setting goals and objectives for a predetermined time frame, coming up with alternatives for the course of action to be taken, and eventually deciding on an appropriate path of action from the various options. The act of making plans is implied when a verb is used to express planning. To glide or fly without moving wings is to use the verb plan. The best way to recall the distinctions is to imagine that a plane is flying.
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Top 3 tips for selling a home
The top 3 tips for selling a home include:
Pricing it right Staging your house Marketing the houseHow can you sell a home ?One of the most important factors in selling a home is setting a fair and competitive asking price. Pricing your home too high can turn away potential buyers, while pricing it too low can leave money on the table.
Staging is the process of preparing your home to appeal to potential buyers. Marketing your home is key to attracting potential buyers. Work with your real estate agent to create a marketing plan that includes listing your home on popular real estate websites, holding open houses, and creating high-quality photos and videos.
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What are the three system inhibitors that make it complicated to match supply with demand while also making a profit?
The three system inhibitors that make it complicated to match supply with demand while also making a profit are:
Variability: The inherent variation in the demand for goods and services, as well as in the production process, can make it challenging to match supply and demand.Uncertainty: The unpredictability of demand, supply, and other market factors can create uncertainty, which can make it challenging to plan and execute effective supply chain operations.Complexity: The complexity of modern supply chains, including the number of suppliers, the complexity of the production process, and the diversity of distribution channels, can create challenges in matching supply with demand while also maintaining profitability.To learn more about system inhibitors please click on below link'
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You decided to take advantage of the Black Friday deals and buy kitchen cabinets at Home Depot. You will be paying for the cabinets with a Home Depot consumer loan in the amount $5,630. To pay off the loan you will be required to make monthly payments for 7 years. The loan interest rate is 8 percent per year. Calculate the amount of each payment.
The amount of loan payment is given as $87.29
How to solve for the loanTo calculate the monthly payment amount for a loan, you can use the following formula:
Payment = (Interest rate / 12) * Principal / (1 - (1 + Interest rate / 12)^(-12 * Number of years))
Using this formula, the monthly payment for your Home Depot consumer loan would be as follows:
Payment = (0.08 / 12) * 5630 / (1 - (1 + 0.08 / 12)^(-12 * 7))
Payment = $87.29
So you would need to pay $87.29 each month for 7 years in order to pay off the loan in full.
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Which of these would NOT be a valid reason to add the waiver of premium rider to a life insurance policy?
a.Allows a policyowner to take out a policy loan to cover premium payments in the event of total disability
b. A policyowner is permitted to take out a policy loan on a whole life policy
B. A policyowner being permitted to take out a policy loan on a whole life policy would not be a valid reason to add the waiver of premium rider to a life insurance policy.
The waiver of premium rider is designed to waive premium payments on a life insurance policy if the policyholder becomes totally disabled and is unable to work, thereby protecting the policy from lapsing due to non-payment of premiums.
While a policy loan may be used to cover premium payments, it is not directly related to the purpose of the waiver of premium rider.
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In each of the following instances, supply whether demand is elastic, inelastic, or unit-elastic.
a. If price increases by 10 percent and quantity supplied increases by 15 percent, supply is
b. If price decreases by 10 percent and quantity supplied decreases by 5 percent, supply is
a. Elastic.
b. Inelastic.The quantity of a good that consumers are willing and able to buy at different prices during a specific time is known as demand in economics.
The demand curve is another name for the relationship between price and quantity demand.More citations are required to support this section's claims.Several elements and situations influence a consumer's willingness or ability to purchase a good. Among the common elements are:The demand curve in economics is a visual representation of the relationship between price and the quantity that consumers are willing to purchase. The curve shows how a good or service's cost changes as demand increases. Each point on the curve's amount of consumer demand and corresponding market price are related. In the graph, the law of demand is demonstrated, showing that consumers would buy less of a good or service if the price rises and vice versa. Kotler lists the following eight possible demand states:Customers who pay to avoid a product they don't like are said to have negative demand.
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An advantage of the Herfindahl- Hirschman Index (HHI) over the N firm concentration ratio as a summary measure of the market structure of an industry is that the HHI is more sensetive to
Changes in the market share of smaller firms. The HHI takes into account the market share of all firms in an industry, not just the top N firms, making it a more comprehensive measure of market concentration.
How does the HHI account for variations in market power among firms within an industry?The HHI takes into account the market share of each individual firm in an industry, whereas the N firm concentration ratio only considers the market share of the top N firms. This means that the HHI is more sensitive to differences in market power among firms. The HHI calculates the sum of the squared market shares of all firms in the industry, resulting in a higher score for industries with a smaller number of dominant firms and a lower score for industries with a more evenly distributed market share. This enables a more nuanced assessment of market power and competition within an industry.
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Perry deposited $940 into a savings accoutnt with 1.4% simple interest. How much
interest should he have after 10 years?
What should the total be in the account after this time, assuming he does not touch
this account until the 10 years are up?
Blank 1
Blank 2
Answer:
After 10 years, Perry would have earned $130.96 in interest, and the total amount in the account would be $1070.96.
Explanation:
Determine the principal amount: The amount deposited into the savings account is $940.
Determine the interest rate: The interest rate is 1.4%, which can be expressed as a decimal by dividing by 100: 0.014.
Determine the time: The time period is 10 years.
Calculate the interest: Using the formula for simple interest:
Interest = Principal x Rate x Time
Plug in the values we have determined:
Interest = $940 x 0.014 x 10 = $130.96
Calculate the total amount in the account: The total amount in the account is the sum of the principal and the interest earned:
Total = Principal + Interest = $940 + $130.96 = $1070.96
So, after 10 years, Perry would have earned $130.96 in interest, and the total amount in the account would be $1070.96.
You learn that you can buy a used robot for $25,000. The robot can replace two people doing assembly work that are paid $19 per hour. About how long would it take for the robot to pay for itself in labor savings?.
To close a recessionary gap, the Fed ______ interest rates which ______ planned aggregate spending and ______ short-run equilibrium output.
To close a recessionary gap, the Fed typically decreases interest rates, which increases planned aggregate spending and raises short-run equilibrium output.
When the economy is in a recessionary gap, it means that the actual output of the economy is below its potential output, resulting in high unemployment rates and low economic growth. By decreasing interest rates, the Fed aims to encourage borrowing and investment, which increases spending on goods and services, and boosts aggregate demand. As aggregate demand increases, businesses will respond by increasing production, which will raise short-run equilibrium output and lead to an increase in employment. This increase in output and employment will eventually lead to higher economic growth, and the economy will move closer to its potential output. It's worth noting that the effectiveness of monetary policy in closing a recessionary gap depends on a variety of factors, including the responsiveness of consumers and businesses to changes in interest rates and the extent to which the economy is suffering from supply-side constraints. Additionally, in some cases, other policy tools like fiscal policy may also be necessary to address a recessionary gap.
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1. What are some of the challenges you might encounter if you get equity financing
from friends and/or family members?
Because investors run the danger of offering more that company are bear to lose or of demanding a refund when it benefits individuals but again not their company.
What is equity financing?The practice of obtaining money through the selling of stock is known as equity financing. Companies fundraise either because they can have an immediate need to make payments or a protracted initiative that would help them expand needs funding.
Inappropriately, they might also wish to become more involved with the company. The business succeeds and thus becomes prosperous, a portion of those profits should also be distributed to shareholders as a form of payouts.
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Suppose there are five suppliers of ice cream in the town of Summerville. When the price of ice cream is $2 per scoop, Firm A is willing to sell 20 scoops, Firm B is willing to sell 50 scoops, Firm C is willing to sell 35 scoops, Firm D is willing to sell 100 scoops, and Firm E is willing to sell 40 scoops. From this information we can conclude that
According to this information, each business is prepared to provide the amount of ice cream shown below for $2 for each scoop: The following companies are each willing to offer 20, 50, 35, 100, and 40 scoops, respectively: firms A, B, C, D, and E.
We can also conclude that the total quantity of ice cream that all five firms are willing to supply at a price of $2 per scoop is 245 scoops (20 + 50 + 35 + 100 + 40). This information can be used to determine the market supply of ice cream in Summerville at a price of $2 per scoop, which is the sum of the individual quantities supplied by each firm. In this case, the market supply of ice cream is 245 scoops.
Along with helping to calculate the equilibrium price and quantity in the ice cream market, this information may also be used to study how different enterprises respond to price changes.
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As a result of 5G networks and edge computing, there will be an increasing
number of different internet-connected devices with specialized functions.
Which term is used to describe this?
The term used to describe this is the "Internet of Things" (IoT).
What is the Internet of Things?The Internet of Things refers to the network of physical devices, vehicles, appliances, and other items embedded with sensors, software, and connectivity which enables them to connect and exchange data with other devices and systems over the internet.
With the advancements in 5G networks and edge computing, it is expected that the number of IoT devices will continue to grow, allowing for greater interconnectivity and efficiency in various industries and applications.
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Please can you help in writting the summary on The merger of AB InBev and SABMiller
Beverlyn, however takes 10% of all her earning and give it to worthy causes, this is called?
Answer:
Donations, no?
Explanation:
A firm purchased copper pipes a few years ago at $10 per pipe and stored them, using them only as the need arises. Currently, the price of the pipes in the resale market is $8 per pipe. What is the opportunity cost of storing each pipe and what is the sunk cost per pipe of the purchase?
The opportunity cost of the firm is $8 per pipe and the sunk cost is $2 per pipe. The expense with the greatest alternatives is the opportunity cost. Sunk costs are expenses that were incurred in the past but cannot be recovered now.
What are sunk cost and opportunity cost examples?When you choose between possibilities, you forfeit opportunity cost. The best option should always be chosen in order to reduce opportunity costs. Contrarily, a sunk cost is an expense that has already been paid. The potential gain that a person or an organization forgoes by selecting one option over another is known as opportunity cost.
For instance, a sunk cost of $10,000 might be incurred by purchasing 1,000 shares of firm A at $10 each. This is the sum of money invested, and selling shares is the only way to recover it. Instead, the potential cost examines how that $10,000 may have been better spent.
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Given the descriptive statistics and graphs, describe the problem(s) with the current coffee maker.
After briefing your manager on the coffee maker, the decision was made to purchase a replacement coffee maker. Your manager instructed you to provide several viable options. The cost must be within about $750 (+ or - $100), have at least two additional decanter warmers, with 12-cup decanters, with a temperature control. You found the three following coffee makers all of which meet the manager’s minimum requirements. After further research on these three, you were able to determine the following statistics (based on coffee temperature). Describe the given options, in 2-3 sentences, and determine which of the options are viable for selection. Provide the reason any option was not selected as viable for selection. Use the following to assist in answering question 2.
Based on the previous information and analysis, provide your recommendation for the purchase of a new coffee maker. Include the reasons why you selected one over the other(s).
You are an assistant manager at the Best Bean Coffee Shop. Over the last several weeks you have been hearing customers comment about the temperature of your coffee, some of the customer’s stated the coffee was too cold, while others, at other times, stated the coffee was too hot (so hot they burned their tongues). After speaking with the shop manager, you were directed to determine the problem and recommend solutions.
The first thing you did was sample the coffee temperatures throughout a day, at 30-minute intervals. The industry standard for coffee temperature is between 155o F and 175o, where most customers prefer the temperature toward the higher boundary. The following were the results you received.
Coffee may be supplied too cold or too hot because it looks that the coffee machine produces irregular temperatures. Customers may become dissatisfied and file complaints as a result of this.
How can it be explained in detail?The assistant manager looked deeper and discovered three potential replacement coffee makers that satisfied the manager's minimal requirements. The three choices cost about $750 (+ or - $100), feature two or more extra decanter warmers, 12-cup decanters, and temperature control.
The assistant manager did more study and gathered data on the temperature of the coffee generated by each option in order to establish which is the most practical.
The best choice to choose is the one with average coffee temperatures that are most constant and closest to the industry norm (155° and 175° F). Any alternative that doesn't provide consistent or acceptable coffee temperatures or doesn't satisfy the minimal standards won't be considered.
Finally, the assistant manager should advise customers to buy the coffee machine that consistently provides coffee that is near to the industry norm in terms of average temperature. More contented consumers will emerge from this, and the Best Bean Coffee Shop's total coffee quality will also increase.
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A variable cost is:
Boxplots that are used to compare subgroups within the data are a type of frequency distribution method for visualizing data relationships.True or False
A form of frequency distribution approach for displaying data relationships is the use of boxplots to compare subgroups within the data. This statement is false.
Boxplots, also known as box-and-whisker plots, are used to display the distribution of a dataset through their quartiles, median, and outliers. They do not show the frequency of data points in each subgroup, nor are they specifically designed to visualize data relationships between subgroups.
There are several other types of frequency distribution methods for visualizing data relationships, such as histograms, bar charts, and pie charts. Histograms use intervals to group data points and plot the frequency of each interval, while bar charts and pie charts show the proportion of data points in each subgroup or category.
Overall, the choice of visualization method depends on the type of data, the research question, and the most effective way to convey the information to the audience.
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Which one of the following correctly describes a capital market instrument used by insurers to finance risk?
Choose one answer.
A. An industry loss warranty is an insurance-linked security that covers the primary insurer in the event that the industry-wide loss from a particular catastrophe exceeds a predetermined threshold.
B. Finite risk reinsurance is a type of reinsurance in which the reinsurer's liability is limited and anticipated investment income is expressly acknowledged as an underwriting component.
C. Under a catastrophe risk exchange, a bond is issued with the condition that if the issuer suffers a catastrophe greater than a specified amount, the obligation to pay interest and/or repay principal is deferred or forgiven.
D. A catastrophe risk exchange is an agreement that gives the primary insurer the right to a cash payment from investors if a specified index of catastrophe losses by geographic area reaches a specified level.
A catastrophe risk exchange is a contract that gives the primary insurer the right to cash payments from investors if a specified index of catastrophe losses by geographic area reaches a certain level. Here option D is the correct answer.
A catastrophe risk exchange is a type of insurance-linked security in which a bond is issued, and the primary insurer is granted the right to a cash payment from investors if a specified index of catastrophe losses is reached. This aptly describes the capital market instrument used by insurance companies to finance risk.
Catastrophe risk exchanges are designed to help insurers finance risk in the event of a major catastrophe, such as a hurricane or earthquake, by transferring some of the risks to investors. Industry loss warranties and finite risk reinsurance are also capital market instruments used by insurers to finance risk.
Industry loss warranties are insurance-linked securities that cover the primary insurer in the event of an industry-wide loss from a specific catastrophe, while finite risk reinsurance is a type of reinsurance in which the reinsurer's liability is limited and anticipated investment income is acknowledged as an underwriting component.
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1. The responsibilities of the U.S. Federal Reserve System include ________.
overseeing the banking system and regulating the quantity of money in the economy
setting the level of real interest rates
working with Congress to devise a financial plan for the country and execute the President's orders
calculating and reporting the unemployment rate
2. To increase the supply of money when the economy is weak, the Fed ________.
closes banks
reduces inflation
sells bonds
buys bonds
3. The federal funds rate is the short-term interest rate that ________.
banks charge their best customers when borrowing
banks earn on savings accounts with the Fed
banks charge each other when borrowing or lending to each other
the Fed charges banks when borrowing
4. When the Fed increases the money supply and consequently lowers interest rates, the value of the dollar ________.
will rise by more in the market for foreign exchange, all else equal
will fall, all else equal
is not impacted by Fed policy
will rise, all else equal
The U.S. Federal Reserve System's duties include regulating the amount of money in the economy and supervising the banking sector.
What is the purpose of the Federal Reserve System?The central bank of the United States is the Federal Reserve System, also known as the Federal Reserve or simply "the Fed." It was established by the Congress to give the country a more secure, adaptable, and stable financial and monetary system. By buying assets on the open market and adding the matching cash to the bank deposits of commercial banks, the Fed produces money. The Fed modifies the money supply and other interest rates using the federal funds rate. To better understand the effects of financial services laws and practices on customers and communities, the Federal Reserve promotes supervision, public reinvestment, and research.
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()=2+5+100 billion Birr t-years after 1995
a) At what rate was GNP changing with respect to time in 2005? (4 points)
b) At what percentage rate was the GNP changing with respect to time in 2005
The gross national product (GNP) is an estimation of the total worth of all finished goods and services produced over a specific time period using resources owned by the citizens of a nation.
Commonly, the gross national product (GNP) is determined by adding up all domestic private investment, domestic government spending, net exports, and any resident income from overseas investments, then deducting foreign resident income. The difference between a country's exports and any imports of goods and services is what is known as net exports.
Gross domestic product (GDP), a crucial economic indicator that accounts for all output produced inside a nation's boundaries regardless of who owns the production equipment, is related to the gross national product (GNP).
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A quality food offering is critical to the future of circle k true or false
Answer: the answer is true
Explanation: Circle K is a fully owned subsidiary of Alimentation Couche-Tard. Couche-Tard is the industry leader in Canadian convenience stores. In terms of the number of company-operated locations, it is the largest independent convenience store operator in the United States. Couche-Tard is a market leader in the convenience store and road transportation gasoline retail in Scandinavia (Norway, Sweden, and Denmark), the Baltic nations (Estonia, Latvia, and Lithuania), and Ireland, and has a significant presence in Poland.
A quality food offering is critical to the future of Circle K.
Explanation:True. A quality food offering is indeed critical to the future of Circle K. As a convenience store chain, providing high-quality food options can attract more customers and drive sales. Circle K can offer a variety of fresh food items, snacks, and beverages to cater to different customer preferences.
For example, offering freshly prepared sandwiches, salads, and hot meals can position Circle K as a convenient place to grab a quick and satisfying meal. This can help differentiate Circle K from other convenience stores and fast-food chains, attracting more customers and enhancing their overall experience.
Incorporating healthier food options, such as fresh fruits and vegetables, can also align with evolving consumer preferences and wellness trends, allowing Circle K to tap into a growing market segment that values nutritious choices.
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for a public works project, changes may not be made to any of the documents during which of the following phases?
a.after bid opening, but before award of the contract
b.before opening of bids, but after advertising for bids.
c.after bid opening, but before signing of the agreement
d.after award of the contarct, but before signing the agreement
The correct option is Option D
For a public works project, changes may not be made to any of the documents during which of the following phases - after award of the contract, but before signing the agreement.
Changes to any of the documentation for a public works project are not permitted throughout the phases before opening bids (Phase B), after bid opening but before contract award (Phase A), and after bid opening but before agreement signing (Phase C). The documentation cannot be changed after the contract is awarded but before the agreement is signed (Phase D). Bidders must submit their proposals by the deadline specified in the Advertisement for Bids, and no changes, withdrawals, or cancellations can be made after this date unless the university agrees.
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Determine the upper limit of deviation for each of the controls. Show the solutions and explain whether each control should be deemed effective or not using the attributes sampling method
The upper limit for the first one is 3%.
How to explain the informationSince the control calls for credit approval to be noted on the customer orders, there are five deviations (the auditor must conclude there was no credit approval for the two sales for which no customer order could be found). The upper limit is 10.3%.
For 3, the The upper limit is 7.6%. fFor 4, the upper limit is 9%. For 5, The upper limit is 3%. For 6, the upper limit is 6.2%.
There are 6 deviations and for 7 ,the upper limit is 11.5%.
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Assume that you are using attributes sampling to test a control activity related to the revenue cycle at the Packet Corporation, a public company. You will use the sample results to support your control risk assessment and plan the nature of substantive auditing procedures to evaluate the fairness of revenue account balance. You have decided to test the following controls and have set the risk of overreliance at 5%, the tolerable deviation rate at 5%, and the expected deviation rate at 1%. A sample size of 100 is used. The results of your testing are as indicated here.
Read the discussion prompt and carefully write your response.
Remember: You need to answer the prompt in full to receive. You need to have at least five complete sentences.
You need to use proper grammar, capitalization, and punctuation.
Discussion Prompt:
Marissa has recently accepted a job as a transcriptionist that will require several hours of typing a day. What are two pieces of advice you would give her to make sure her workstation is set up ergonomically?
Answer:
Marissa's job as a transcriptionist will require her to spend several hours typing every day, so it is important that her workstation is set up ergonomically to reduce the risk of repetitive strain injury. Here are two pieces of advice I would give her:
Adjust her chair and desk height: The first step in setting up an ergonomic workstation is to adjust the height of Marissa's chair and desk so that her elbows are at a 90-degree angle when typing and her wrists are straight. This will help her avoid discomfort and reduce the risk of wrist and arm injuries.
Invest in a good keyboard and mouse: Another important aspect of an ergonomic workstation is having a good keyboard and mouse. Marissa should look for a keyboard with a split design and a wrist rest, as well as a mouse that supports her hand in a neutral position. These tools will help reduce strain on her hands, wrists, and arms and make typing more comfortable.
By following these two pieces of advice, Marissa can help ensure that her workstation is set up ergonomically and reduce the risk of repetitive strain injury. This will allow her to work comfortably and efficiently for many hours a day.
Of the 6,000 settlers who migrated to Virginia since the founding of the first permanent settlement in 1607, nearly ________ had died by 1623.a. 6000
b. 4000
c. 200
d. 3900
Option b: 4000. Of the 6,000 settlers who migrated to Virginia since the founding of the first permanent settlement in 1607, nearly 4000 had died by 1623.
Of the 6,000 immigrants who came to Virginia since Jamestown was founded in 1607, about 4,000 died by 1623. A number of circumstances, including indigenous peoples and substandard living conditions, contributed to the high mortality rate.
Human migration is the movement of people from one place to another with the intention of permanently or temporarily settling in a new location (geographic region).
Travel is often long-distance, moving from one country to another (international travel), but domestic travel (intra-national) is also possible. In fact, this is the main form of human migration around the world/global.
Migration is often associated with better human capital at both individual and household levels, and with better access to migration networks, facilitating potential second movements. .
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The following trial balance was prepared from the ledger accounts of Ricardo Company: RICARDO COMPANY Trial Balance April 30, Year 1 Account Titles Debit Credit Cash $ 78,400 Accounts receivable 49,000 Supplies 3,700 Prepaid insurance 5,500 Land $ 10,000 Accounts payable 11,500 Common stock 100,000 Retained earnings 34,255 Dividends 9,900 Service revenue 93,000 Rent expense 11,500 Salaries expense 35,300 Operating expense 36,200 Totals $ 229,500 $ 248,755 When the trial balance failed to balance, the accountant reviewed the records and discovered the following errors: 1. The company received $655 as payment for services rendered. The credit to Service Revenue was recorded correctly, but the debit to Cash was recorded as $1,030. 2. A $1,850 receipt of cash that was received from a customer on accounts receivable was not recorded. 3. A $370 purchase of supplies on account was properly recorded as a debit to the Supplies account. However, the credit to Accounts Payable was not recorded. 4. Land valued at $10,000 was contributed to the business in exchange for common stock. The entry to record the transaction was recorded as a $10,000 credit to both the Land account and the Common Stock account. 5. A $1,450 rent payment was properly recorded as a credit to Cash. However, the Salaries Expense account was incorrectly debited for $1,450. Required Prepare a corrected trial balance for Ricardo Company.
To prepare a corrected trial balance for Ricardo Company, we need to make adjustments for the errors found in the original trial balance.
Here are the adjustments that need to be made:
Cash should be debited for $655 instead of $1,030, so we need to subtract $375 from the debit side of the Cash account.
Accounts receivable should be credited for $1,850, so we need to add $1,850 to the credit side of the Accounts Receivable account.
Accounts payable should be credited for $370, so we need to add $370 to the credit side of the Accounts Payable account.
The transaction involving Land and Common Stock needs to be corrected. We need to debit the Common Stock account for $100,000 (the value of the stock issued) and credit the Land account for $10,000 (the value of the land contributed).
Salaries Expense was debited for $1,450 instead of Rent Expense, so we need to subtract $1,450 from the debit side of the Salaries Expense account and add $1,450 to the debit side of the Rent Expense account.
After making these adjustments, the corrected trial balance for Ricardo Company would be:
RICARDO COMPANY Corrected Trial Balance April 30, Year 1 Account Titles Debit Credit Cash $ 78,025 Accounts receivable 50,850 Supplies 3,700 Prepaid insurance 5,500 Land 10,000 Accounts payable 11,870 Common stock 100,000 Retained earnings 34,255 Dividends 9,900 Service revenue 93,000 Rent expense 12,950 Salaries expense 33,850 Operating expense 36,200 Totals $ 235,525 $ 235,525
We can see that the total debits now equal the total credits, and the trial balance balances.
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Application: Elasticity and hotel rooms The following graph input tool shows the daily demand for hotel rooms at the Peacock Hotel and Casino in Las Vegas, Nevada. To help the hotel management better understand the market, an economist identified three primary factors that affect the demand for rooms each night. These demand factors, along with the values corresponding to the initial de curve, are shown in the following table and alongside the graph input too Initial value Demand Factor Average American household income $50,000 per year round trip airfare from San Francisco (sFo) to Las Vegas (LAS) $100 per round trip Room rate at the Grandiose Hotel and Casino, which is near the Peacock $250 per night Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. Graph Input Tool Market for Peacock's Hotel Rooms 500 450 Price 200 (Dollars per room) 400 Quantity 300 Demanded 350 (Hotel rooms per night) 300 250 Demand Factors 200 150 Average Income 50 Demand (Thousands of 100 dollars) Airfare from SFO to 50 100 (Dollars per round trip) 0 50 100 150 200 250 300 350 400 450 500 Room Rate at QUANTITY (Hotel rooms) 250 Grandiose (Dollars per night) For each of the following scenarios, begin by assuming that all demand factors are set to their original values and that Peacock is charging $200 per room per night.
The initial equilibrium amount of hotel rooms required at the Peacock Hotel and Casino is around 300 rooms per night at a cost of $200 per room, according to the graph input tool, the starting demand parameters, and the room rate.
What is equilibrium?A condition of equilibrium is one in which the forces of supply and demand are in balance and neither prices nor quantities have a tendency to fluctuate. In a market economy, equilibrium is when the amount of an item or service that customers are willing and able to purchase equals the quantity that producers are willing and able to offer at a specific price. There is neither an excessive supply nor an excessive demand in an equilibrium market, and the only factor affecting price and quantity is how buyers and sellers interact. Because it explains how markets operate and how prices are decided, equilibrium is a key idea in economics.
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Ford wanted to break into the electric vehicle (EV) marketplace. At that time, economic value was more highly prized than form and function. Therefore, Ford chose not to compete with the other brands and targeted the high-end market for electric vehicles. Which base did Ford use to position itself in the market?
a.Attribute
b.Emotion
c.Product
d.user
e.Competitor
Ford positioned themselves in the market using the attribute as a base.
With a high-end sports car, did Tesla hope to gain traction in the electric vehicle market?With a high-end sports car, Tesla hoped to enter the electric vehicle (EV) market. Form and function were not as highly valued at that time as economic worth. Tesla decided to focus on the luxury electric vehicle market rather than competing with the successful luxury hybrids from other automakers.
Which strategy to determining a target market would most likely be employed by general motors in selling its cars and trucks?Undifferentiated marketing may be a fantastic method to sell things with higher price points, as well — like cars and trucks — and General Motors is an ace at it. The core of General Motors' brand strategy is producing reliable, safe vehicles that are suitable for everyone.
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