Supplies expense is debited and supplies is credited for the amount of supplies used during the period that were originally recorded as an asset when purchased.
What is supply?It should be noted that supply simply means the amount of goods and services that the seller is willing to sell at a price.
In this case, supplies expense is debited and supplies is credited for the amount of supplies used during the period that were originally recorded as an asset when purchased.
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Suppose a firm is allowed to operate as a monopoly due to the presence of large economies of scale. Social welfare can potentially gain if Multiple choice question. price is regulated at the socially efficient level. profits are regulated at the socially efficient level. the HHI exceeds 1,800. profits are forced to be negative
Even if the company is allowed to operate as a monopoly, there can still be social welfare gain if price is regulated at the socially efficient level.
How can a monopoly benefit society?Monopolies are able to charge high prices because they are the only supply. This harms consumer surplus, and therefore reduces social welfare.
If the prices that the monopoly charges can be limited to a socially efficient amount, then the society would benefit.
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X Corp. and Y Corp. are separate entities. In Year 4, X Corp. extended a hostile tender offer directly to the shareholders of Y Corp. Y Corp. immediately issued bonds and offered to repurchase its own stock from its current shareholders at an amount higher than the current market price. The action by Y Corp. is best described as a(n) Issuance of stock strategy. Legal action strategy. Self-tender strategy. Compulsory share exchange strategy.
The action by Y Corp. is best described as a C. Self-tender strategy.
What is a self-tender strategy?A self-tender is a defense strategy that thwarts a hostile corporate takeover.
Using a self-tender strategy as described in this scenario involves Y Corp. making a tender offer for its shares, inviting its shareholders to sell their shares so that the company can repurchase them at a specified favorable price.
This self-tender strategy closes off X Corp's efforts to succeed with the hostile tender offer.
Thus, the action by Y Corp. is best described as a C. Self-tender strategy.
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Many American consumers are replacing older versions of washing machines and dishwashers with water- and energy-saving models and to invest in phosphate-free laundry detergent and mercury-free and rechargeable batteries. These consumers
The American consumers using water and energy-saving models instead of older versions of washing machines are the consumers who are contributing to creating a greener environment.
Who are consumers?Consumers are the individuals who acquire products for satisfying their wants and needs on a regular basis for consumption.
The replacement of older models of washing machines with energy and water-saving models and the investment in detergent powders with no phosphate content and batteries which can be reusable will eventually result in creating eco-friendly surroundings with lesser pollution.
Therefore, a greener environment is created by the consumers by doing the needed changes as explained above.
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The Coca-Cola Company uses a job-order costing system. True or False: Job-order costing uses the actual direct materials cost of the job, the actual direct labor cost of the job, and the manufacturing overhead cost applied to the job.
Answer: In managerial accounting, there are two general types of costing systems to assign costs to products or services that the company provides: “job order costing” and “process costing”. Job order costing is used in situations where the company delivers a unique or custom job for its customers. Every customer is treated uniquely and delivered products to specifically suit their individual needs.
Explanation: hope this helps, if not I'm sorry
In the last few decades the car manufacturing sector has found it difficult to compete with foreign car imports. High labor costs is one of the main reasons economist site as the lack of competitiveness for the car manufacturing industry. If there was modest inflation, how could it possibly help the car manufacturing industry in the United States compete with foreign car manufacturers
A modest inflation would help the car manufacturing industry compete with foreign car manufacturers because c. It could allow real wages to downwardly adjust more easily.
How would a modest inflation help with foreign competition?When there is modest inflation, it means that the real wages paid to the employees in the car companies would fall.
This would reduce the real costs to the card companies in terms of producing cars. They will then be able to charge lower selling prices which would allow them to compete with cheaper imports.
Options for this question include:
a. The consumers of the cars have increased purchasing power.
b. Business loans would cost less for the U.S. car manufacturers.
c. It could allow real wages to downwardly adjust more easily.
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Proponents of a fixed exchange rate system point out that a major drawback of a floating exchange rate is that it is responsible for creating trade deficits. helps eliminate the uncertainty about the value of a currency. leads to uncertainty about the value of goods traded internationally. keeps a nation from trading fairly with other nations. is based on the value of gold held by a nations.
Proponents of a fixed exchange rate system point out that a major drawback of a floating exchange rate is that it C. leads to uncertainty about the value of goods traded internationally.
What is a floating exchange rate?A floating exchange rate refers to the foreign exchange rate as determined by the forex market based on supply and demand relative to other currencies.
A floating exchange rate system gives the government more scope to use monetary and fiscal policies to achieve domestic economic stability, unlike a fixed exchange rate regime.
Thus, proponents of a fixed exchange rate system point out that a major drawback of a floating exchange rate is that it C. leads to uncertainty about the value of goods traded internationally.
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What is the money in the form of currency and checkable deposits in commercial banks called?.
Answer:
Demand Deposits
Explanation:
Demand Deposits, as the name implies, are ones that are not placed for a certain length of time, unlike fixed deposit receipts, etc. Businessmen usually regard the money they place in current accounts as demand deposits that they can withdraw at any moment. Savings bank accounts and fixed deposit accounts are the additional deposit options available to a depositor. The depositor deposits his funds into a savings bank account and can withdraw them as needed. Some banks place limits on the number of withdrawals that may be made from savings bank accounts in a month or a year, but all banks pay interest on the money that is kept in savings bank accounts, whereas no interest is given on demand deposits. In a fixed deposit account, funds are placed for a preset amount of time, such as one month, three months, six months, or one year or more, and interest is given on those funds at a predefined rate that was set on the deposit date.
Basically there are 2 types of demand deposits:
Current accounts are typically created by businesspeople for their commercial dealings. No interest is paid on the balance in the account. flexible withdrawal and deposit options.Savings account - Usually opened by working class people, students, etc. Interest is earned on the balance in the account at a rate of 3.5–4%. Flexible withdrawal and deposit options.There are 2 types of term deposits.
Deposits that may be made repeatedly are known as recurring deposits ( like monthly, quarterly). This money must be retained for a specific amount of time and is only withdrawable at maturity. More than savings accounts, but less than fixed deposits, is the interest earned.Money may only be put once in a fixed deposit. This money will be held for a specific amount of time and may only be released at maturity. All account types will provide the highest rate of interest. If you wish to take money out before it matures, there will be a penalty.These are the basic types of bank accounts. Today's banks enhance these accounts with additional features to make them more enticing and personalized.
A group of investors wants to open up a jewelry store in a new shopping center. The investors are trying to decide whether to stock the store with inexpensive jewelry, medium-priced jewelry, or expensive jewelry. The probability of their choice depends upon the economic conditions: prosperity or recession. How many decision alternatives are presented in this situation?
Based on the situation the group of investors face the number of alternatives described is 3 alternatives.
Which alternatives do the investors have?The investors have the choice of stocking either inexpensive jewelry, medium-priced pieces, or expensive jewelry.
These are three choices in total that they have to pick from in a mutually exclusive scenario.
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Gross domestic product calculations count only final goods and services because ______.
Gross domestic product calculations count only final goods and services because counting all intermediate goods and services would lead to double-counting of many activities.
What is gross domestic product?The GDP of a country is what measures the total output of goods and services produced in a country. In other words, it measures the standard of living of a country's citizen.
The gross domestic product is a broad monetary measure of a nation’s overall economic activity.
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Assume that sparks uses a perpetual specific identification inventory system. its ending inventory consists of 2 units from beginning inventory, 4 units from the jan. 5 purchase, and 10 units from the jan. 29 purchases. calculate the dollar value of its ending inventory.
The dollar value of the ending inventory is given as $264
How to solve for the dollar value of ending inventoryThrough the specific identification system, we can identify units through the use of accounting principles.
We have to multiply the number of units of inventory by the amount that it costs.
Hence we have
2 * 12 + 4 * 15 + 10 * 18
This gives us $264 as the dollar value of the inventory.
Complete questionAssume that Sparks uses a perpetual specific identification inventory system. Its ending inventory consists of 2 units from beginning inventory, 4 units from the Jan. 5 purchase, and 10 units from the Jan. 30 purchases. Calculate the dollar value of its ending inventory.
Jan 1
Beginning Inventory
10 at $12
Jan 5
Purchase
10 at $15
Jan 30
Purchase
10 at $18
Feb 8
Sale
14 units
$186
$264
$160
$450
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Answer:$264
Explanation:
Cash advance fees, late payment fees, and balance transfer fees are considered ____________ fees.
Cash advance fees, late payment fees, and balance transfer fees are considered transaction fees.
What are Transaction Fees?A transaction fee can be described as the expense that must be paid by a business each time electronic payment or other transaction is been processed by for a customer transaction.
Some examples of transaction fees are:
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A loan in which a parent deposits money with a host-country bank, which then lends the money to a subsidiary located in the host country is known as a(n) ________.
A loan in which a parent deposits money with a host-country bank, which then lends the money to a subsidiary located in the host country is known as a back-to-back loan.
What is a back-to-back loan?A back-to-back loan is a deal in which two parent corporations from separate nations borrow equal sums of money in their home currencies and lend it to the local subsidiary of the other.
While businesses could trade money on the currency markets, back-to-back loans can be more practical and provide the necessary currency. However, back-to-back loans have mainly been replaced by currency swaps and other comparable instruments. Nevertheless, these tools support global trade.
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what is a sale promotion
Answeris one of the elements of the promotional mix. :
Explanation:
Answer:
profit
Explanation:
You take a major selection of items and you increase the amount wanted by a quarter percentage.
Which agency sets up standards of identity for manufactured foods such as milk, peanut butter and mayonnaise?
The agency that set up standards of identity for manufactured foods such as milk, peanut butter and mayonnaise is NAFDAC
What are the function of NAFDAC?NAFDAC means the national agency of food and drug, admistration and control.
They are organization is responsible for standadizing the goods produced by manufacturing industries. They ensure these industries comply with the set standards before producing food for consumption purpose.
Hence the agency that set up standards of identity for manufactured foods such as milk, peanut butter and mayonnaise is NAFDAC
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Corporate executives realize that if they can establish ideological outposts in the minds of people, they can use those outposts to.
If you were a policy maker in country lt, how would you ensure that the ideals of free enterprise are preserved while protecting the citizens of your nation? explain your answer in three to four sentences.
I will ensure that the ideals of free enterprise are preserved by implementing price regulatory system.
What is free enterprise?It should be noted that free enterprise is an economic system that's driven by demand and supply.
In this case, I'll ensure that the ideals of free enterprise are preserved by implementing price regulatory system. This is important to prevent exploitation of consumers.
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Answer:
If I were a policy maker in Country LT, I would create a regulatory policy that allowed the grain producer to make as much in profit as possible, but still protect consumer needs. The company would be required to create various smaller companies, each selling different types and quality of grain for varying prices. This would preserve the ideals of free enterprise, encourage competition within the market, and help to keep food costs down for consumers.
Explanation:
A financial analysis comparing the potential gains from an investment against the potential losses is known as_______________
A financial analysis comparing the potential gains from an investment against the potential losses is known as Risk or ROI
What is Return on Investment (ROI)These is the amount of money generated from a business. Most financial analysis are analyzed by understanding the level of ROI generated by a business.
Most firm therefore compare their potential gains from an investment against the potential losses depending on the ROI and risk involved.
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See the "zane corbin, accounting major" case for this question. given the facts available in this case, do you believe the upchurch medal awarded to zane corbin should have been rescinded despite the outcome of the academic misconduct hearing? why or why not?
No, Cobin should have been stay to see the result of the academic misconduct hearing because he has some facts available in this case.
What is the William J Upchurch medal?The William J Upchurch medal is a final undergraduate award, which is given annually to the outstanding seniors in the Hopkins college of Business.
The criteria for the award consists overall GPA, GPA in business courses, involvement in student organization etc.
The facts available in this case are: Cobin was attending the orientation session in his junior year, & went to two career fairs in the past two year. He was also a member for two years. He should stay to see the result of the academic hearing.
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In the nation of Hamsterville most goods, services, and resources are allocated in markets. However, some goods are provided by the government, such as healthcare and education.What kind of economic system does Hamsterville have
On the hamster farm, They are operating under a market economy, where resources, goods, and services are distributed through markets.
What is an economic system?
A society's or a specific geographic area's system of production, resource allocation, and distribution of products and services are known as an economic system or economic order.
In a market economy, private individuals rather than the government own the resources. The majority of products, services, and resources are distributed in marketplaces in the country of Hamsterville. But the government does supply some things, like healthcare and education.
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identify the functions of an enhancer in transcription.
We can actually deduce here that the functions of an enhancer in transcription is:
A cis-regulatory element that regulates gene transcription in specific tissues or cells.Regulates transcription by catalyzing the formation of an enhanceosome, activating transcription.What is an enhancer?An enhancer in genetics refers to be a region of DNA that actually increases the chances of a transcription of a gene to occur. They are proteinous and usually referred to as transcription factors.
We can see here that the above are identified as functions of an enhancer in transcription.
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Select a travel lane with the least amount of congestion and stay in the lane you have chosen until you need to turn, __________, or avoid a hazard.
Select a travel lane with the least amount of congestion and stay in the lane you have chosen until you need to turn, pass another, or avoid a hazard. Read below about travel lane.
What is a travel lane?A traffic lane or travel lane is a lane for the movement of vehicles travelling from one destination to another, not including shoulders. A through lane is a traffic lane for through traffic. At intersections, these may be indicated by arrows on the pavement pointing straight ahead.
Therefore, the correct answer is as given above.
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classical economists saw the depression as a political problem, not an economic problem. why?
Classical economists saw the depression as a political problem, because they believed labor unions were stopping the wage level from moving to the right level.
Classical economistsThe Classical economists believe that the great depression experience was as a result of as a political problem.
The reason why they believe it was political problem was because they felt the labor unions who is the union responsible for fight for the right of workers were the one that stop or prevent the wage level from moving to the right level.
Therefore they believed that labor unions were stopping the wage level from rising.
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Sheffield has a standard of 2 hours of labor per unit, at $12 per hour. In producing 3600 units, Sheffield used 6900 hours of labor at a total cost of $84180. Sheffield's total labor variance is
Based on the standard labor hours to Sheffield and the cost per unit of labor, the total labor variance is $3,600 Favorable.
What is Sheffield's labor variance?This can be found as:
= (Standard Labor Hours - Actual Labor Hours) x standard Labor Rate
Solving gives:
= ((3,600 x 2) - 6,900) x 12
= (7,200 - 6,900) x 12
= $3,600 Favorable
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to maximize audience attention to still images in an ad campaign, which strategy should you use?
The strategy to be used in order to maximize audience attention to still images in an ad campaign is to Create a slideshow of the images.
What is an Ad Campaign?This refers to the action that an advert manager or company takes in order to market a product or service to a group of people.
Hence, we can see that based on the fact that the advert in question has to do with still images, to increase the attention of the audience, the best strategy would be to create a slideshow of the images.
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Jenna's firm in Lexington issues a check to First In Line Title Company because it referred a buyer to Jenna and subsequently closed the transaction. The buyer approved the payment. This is an example of ______.
If the buyer approved the payment. This is an example of An Illegal Kickback.
What is Illegal Kickback?Illegal Kickback can be defined as the way in which a person or a company received a bribe or receive payment that is illegal.
The given scenario is an example of Illegal Kickback as Jenna's firm issues out a check to First In Line Company because the company referred a buyer to Jenna.
Therefore If the buyer approved the payment. This is an example of An Illegal Kickback.
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When giving a spreadsheet a title, what are some best practices to follow?
The practices tio follow when giving a spreadsheet a title is to make it
shortclearstate what it is aboutWhat is a spreadsheet?This is a document that is used electronically with the use of computers. This document contains data and information in all of its fields.
Spreadsheets are arranged to be in rows and also in Mathematical operations can be performed on them.
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When there are many substitutes available in the market for a particular product, consumers _______. a. have a hard time switching from one product to another, making demand more inelastic b. can easily switch from one product to another, making demand more inelastic c. have a hard time switching from one product to another, making demand more elastic d. can easily switch from one product to another, making demand more elastic
The outcome that is likely to occur when there are many substitutes available in the market for a particular product, is that customers can easily switch from one product to another, making demand more elastic.
What is Demand?This refers to the quantity of goods that are needed by customers at any given time that affects price and supply.
Hence, we can see that in the case where there are many substitutes for a particular product, this would lead to a more elastic demand because the people can easily switch from one product to another.
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the build-up method drills down revenue projections to a typical ______.
The build-up method drills down revenue projections to a typical day.
What is revenue?This refers to the total amount of income realized from the sale of goods or services as it relate to a company's operation. It is the value generated from the sale of a company's goods.
It is to be noted that two methods of forecasting future revenues are comparable method and the build-up method.
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What would chester corporation’s market capitalization be if the current stock price fell 10%?.
If the current share price drops by 10%, Chester Corporation will have a market capitalization of $ 73,668,639 or $ 73.7 million.
Market capitalization = current stock price x total number of issued shares.
I don't know the total number of issued shares or the current stock price, so I can use another question as an example.
Another question is that the total number of issued shares is 3,225,987 and the current share price is $ 20.76. So if the current market capitalization = 3,225,987 x $ 20.76 = $ 66,971,490
stock price rises 10% ($ 22.836), Chester's market capitalization = 3,225,987 x $ 22.836 = 73,668. $ 639 or $ 73.7 million.
What defines stock price?The stock price is a relative and proportional value of a company's worth. Therefore, it only represents a percentage change in a company's market cap at any given point in time. Any percentage changes in a stock price will result in an equal percentage change in a company's market cap.
What is market capitalization?Market capitalization, or market cap, is the total value of a company’s shares of stock. Market cap is calculated by multiplying the number of stock shares outstanding by the current share price. Shares outstanding includes all shares — those available to the public as well as restricted shares available to and held by specific groups.
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An investment adviser representative has been reviewing the likelihood that an equity investment will produce the desired return. He has determined that the mean return on the investment is 15%, with a 12% standard deviation, and a 95% probability of occurrence. This means that he would expect the range of returns to be approximately:
The investment adviser would expect the range of returns on the equity investment to be between 5% and 35%.
What is the range of the desired return?The lower bound of the range is:
= Mean return - Standard deviation
= 20% - 15%
= 5%
The upper bound of the range is:
= Mean return + Standard deviation
= 20% + 15%
= 35%
The range is therefore 5% to 35%.
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The range of returns to be approximately 3.00% - 27.00%
What is investment?
An investment is a valuable item bought with the intention of increasing one's wealth. While stocks, bonds, and real estate are frequently included when discussing investments.
A 12% standard deviation means that the investment return can vary plus or minus 12% from the mean (average) return over the course of a year. With a 15% average (mean) return, it might fall as low as 3% (15% - 12% deviation); or it might rise as high as 27% (15% + 12% deviation).
The probability of the return falling in this range is 95%. This has nothing to do with the actual calculation of the range of returns.
As a result, 3.00% - 27.00% is correct.
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