it is generally best for the pre-closing walk to be performed by someone with the authority, expertise, and credibility to effectively address the customer's concerns and close the sale.
Who is a sales associate?Generally, There are a few reasons why a sales associate may not be the best person to perform the pre-closing walk:
Lack of authority: The pre-closing walk is typically done by a manager or someone with the authority to make final decisions about the sale. A sales associate may not have the authority to make changes or concessions that may be necessary to close the sale.Lack of expertise: A sales associate may not have the expertise or knowledge necessary to address all of the customer's concerns or objections during the pre-closing walk. A manager or someone with more experience may be better equipped to handle difficult questions or negotiations.Lack of credibility: A customer may be more likely to trust and be convinced by a manager or someone with more authority and expertise. A sales associate may not have the same level of credibility, which can make it more difficult to close the sale.Read more about sales associate
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Kiley Corporation had these transactions during 2022.Analyze the transactions and indicate whether each transaction is an operating activity, investing activity, financing activity, or noncash investing and financing activity.(a) Purchased a machine for $30,000, giving a long-term note in exchange.(b) Issued $50,000 par value common stock for cash.(c) Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000.(d) Declared and paid a cash dividend of $13,000.(e) Sold a long-term investment with a cost of $15,000 for $15,000 cash.(f) Collected $16,000 from sale of goods.(g) Paid $18,000 to suppliers.select an option:Financing ActivitiesInvesting ActivitiesOperating ActivitiesNoncash Investing and Financing Activities
The analysis of Kiley Corporation's 2022 transactions, indicating whether each transaction is an operating activity, investing activity, financing activity, or noncash investing and financing activity, is as follows:
Operating Activities:f) Collected $16,000 from sale of goods.
g) Paid $18,000 to suppliers
Investing Activities:e) Sold a long-term investment with a cost of $15,000 for $15,000 cash.
Financing Activities:b) Issued $50,000 par value common stock for cash.
d) Declared and paid a cash dividend of $13,000.
Noncash Investing and Financing Activities:a) Purchased a machine for $30,000, giving a long-term note in exchange.
c) Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000.
What are the operating activities?The operating activities refer to the company's core business activities, including
ManufacturingDistributionMarketingSelling.What are the financing activities?The financing activities deal with the acquisition and repayment of finance, and payment of returns (interests and dividends).
What are the investing activities?The investing activities are the acquisition and sale of long-term assets and investments.
Finally, the non-cash investing and financing activities refer to investing and financing activities that do no involve cash movements.
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When a specific account receivable is determined to be uncollectible, which of the following occur? (Select all that apply.)Bad debt expense is recognizedSales revenue is recognizedAllowance account is reducedAccount receivable is reduced
The correct option is C : The allowance account is reduced. You must reverse the write-off item and record the payment when you receive money that you wrote off as uncollectable.
Increase the accounts receivable account with a debit and decrease the allowances for doubtful accounts account with a credit to reverse the write-off entry.
It is an accounting technique in which the value of accounts receivable (AR) on a company's balance sheet is discounted in exchange for cash balances.
When a certain customer's account is determined to be uncollectible, the journal entry used to write off the account is as follows: Accounts Receivable credit (to remove the amount that will not be collected) A reduction in the Allowance for Doubtful Accounts (to reduce the Allowance balance that was previously established)
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Full Question ;
When a specific account receivable is determined to be uncollectible, which of the following occur? (Select all that apply.
A Net income is reduced.
B The gross amount of accounts receivables is reduced.
C The allowance account is reduced.
D Bad debt expense is increased.
Gideon Company uses the allowance method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off the $3,500 uncollectible account of its customer, A. Hopkins. On July 10, Gideon received a check for the full amount of $3,500 from Hopkins. The entry or entries Gideon makes to record the write off of the account on May 3 is: A Accounts Receivable—A. Hopkins 3,500 Bad debts expense 3,500 Cash 3,500 Accounts Receivable—A. Hopkins 3,500 B Allowance for Doubtful Accounts 3,500 Accounts Receivable—A. Hopkins 3,500 C Cash 3,500 Accounts Receivable—A. Hopkins 3,500 D Accounts Receivable—A. Hopkins 3,500 Allowance for Doubtful Accounts 3,500 E Allowance for Doubtful Accounts 3,500 Bad debts expense 3,500
The allowance methodology records an estimate of debt within the same accounting amount because of the sale. for instance, if a firm uses two sales to calculate debt and sales were $100,000.
The quantity of $2,000 is going to be debited to debt expense with a corresponding credit to allowance for uncertain accounts. To record the write-off account, the allowance is going to be debited with a credit to the assets account. This methodology is assemblage compliant as a result of debt expense being recorded within the same amount because of the sale.
Allowance for doubtful accounts will be debited with a 2000
Accounts receivable-A Hopkins will be credited with 2000
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when a firm experiences continually declining average total costs, group of answer choices a. society is better served by having one firm supply the product. b. the firm will earn higher profits than if average total costs are increasing. c. the firm is a price taker. d. all of the above are correct.
If the price is less than the average variable cost in the short term, a profit-maximizing firm in a price-taker market will unquestionably discontinue output.
A price-taker is a person or organization that must accept market pricing because it lacks the market share to do it independently. Due to market competition, the majority of producers are also price takers. A business in a price-taker market that seeks to maximize profits would undoubtedly stop producing if the price were to fall below the average variable cost in the short term. Since they all adhere to the same principle of profit maximization, perfect competition, pure monopoly, and monopolistic competition are all comparable to one another. In each of the aforementioned market configurations, businesses set their marginal revenue and marginal cost to equal levels in an effort to maximize profits.
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use figure: short-run determination of the interest rate. if the money supply is represented by ms2, and the central bank sells treasury bills, then in the short run, the interest rate will:
If the money supply is represented by MS2, and the central bank sells treasury bills, then in the short run, the interest rate will increase to r1.
All the money and other liquid assets present in an economy on the measurement date are referred to as the money supply. The money supply roughly consists of deposits that can be used almost as easily as cash in addition to actual cash.
Governments issue coin and paper money through a combination of their treasuries and central banks. By dictating to banks what reserves they must hold, how to extend credit, and other financial issues, bank regulators have an impact on the amount of money that is available to the general public.
By regulating interest rates and altering the amount of money flowing through the economy, economists study the money supply and create policies based on it.
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Complete question is attached below:
When New Firms Enter A Market, Existing Firms Will Sell Than Before, And Their Market Power Will Less More B. When Firms Exit A Market, Remaining Firms Will Sell Than Before, And Their Market....
a. When new firms enter a market, existing firms will sell (less more) than before, and their market power will b. When firms exit a market, remaining firms will sell (less more ) than before, and their market power will c. If there is free exit from and entry into an industry, long-run economic profits will be (equal to zero positive negative) for firms in that industry.
1. When New Firms Enter A Market, Existing Firms Will Sell Than Before, And Their Market Power Will decrease
2. When firms exit the market, remaining firms will sell more than before. And market power will increase.
3. If there is free exit from and entry into an industry, long-run economic profits will be equal to zero.
What is meant by market entry?Market entry refers to all the steps used to introduce a good or service to a new market, whether that market is a new nation, group of people, or client base.
Economists use the phrase "free entry" to refer to a situation in which producers can freely enter the market for an economic good by starting production and selling the commodity. In a similar vein, free exit happens when a firm is free to leave the market when it experiences financial losses.
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which one of the following is most likely to be an effective or attractive way to try to reduce manufacturing costs per pair produced at a particular plant?
Taking steps that will make it easier for the business to run its plants at (or close to) full production capacity, including making the most of overtime.
Labor, raw materials, and facilities are all necessary to complete the manufacturing process, and these are referred to as factory overhead. Add these three elements together to get a product's manufacturing cost, which can vary based on production and resource efficiency.
Why is cutting production costs important?Manufacturing cost reduction is important because it has the potential to boost revenue and profitability. Since costs can come in many different forms, it's important to know what costs are associated with the manufacturing process and how to cut them down as much as possible.
Which KPI is utilized for cost reduction?Cost reduction is a crucial KPI in procurement management, just like the procurement ROI. It measures the actual savings made through a variety of cost and procurement management strategies. By comparing the old and new costs of the good or service, this KPI can be measured.
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7. utilizing the chicken wing production function that we completed in the module 2 homework assignment which would have the following answers, respond to the questions given, assuming the firm is a perfectly competitive firm:
The firm is a perfectly competitive firm: is Price = $2.50
Output TC MC TR MR Profit
188 462.5 - 470 - 7.5
185 547.5 1.3 462.5 2.5 -85
242 632.5 1.5 605 2.5 -27.5
293 717.5 1.7 732.5 2.5 15
331 802.5 2.2 827.5 2.5 25
360 887.5 2.9 900 2.5 12.5
Profit maximization output occurs when MR = MC or they are close to each other. In the above table, profit is maximized when the output level is 331 and profit at this output level is 25. Yes, the firm is making a profit above the total cost.
B) Price = $2.00
Output TC MC TR MR Profit
188 462.5 - 376 - -86.5
185 547.5 1.3 370 2 -177.5
242 632.5 1.5 484 2 -148.5
293 717.5 1.7 586 2 -131.5
331 802.5 2.2 662 2 -140.5
360 887.5 2.9 720 2 -167.5
The firm is not making a profit at any level of output. The firm should produce an output level of 188. The firm is covering the variable cost and some part of fixed cost which means the firm should remain in the business and continue production.
C) Firm shut down point occurs when AVC is at its minimum which occurs when the output level is more than 184 and less than 294.
The firm break-even point occurs when ATC is at its minimum which occurs when the output level is more than 292 and less than 332.
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Which is the Fed MOST likely to do in the event of a recession?
A Buy treasury bonds on the open market.
B Sell treasury bonds on the open market.
C Raise the discount rate.
D Raise the reserve requirement.
In the case of a recession, the Fed is MOST LIKELY to increase the reserve requirement.
Which action by the Fed there in event of a downturn is most likely?In the event of severe economic downturns, the Fed may adopt drastic measures to reduce unemployment and boost prices in order to achieve its traditional purpose and give immediate assistance to the American financial sector and economy.
What occurs if the Fed increases the minimum reserve ratio?In the absence of additional measures, raising the reserve requirement ratios reduces the amount of deposits that may be supported by a certain level of reserves, lowers the money supply, and rises the credit cost.
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Expenditures classified as _______________ involve the replacement of a major component of an asset
The replacement of a significant component of an asset is included in expenditures categorized as enhancements.
What verb best encapsulates the process of documenting a cost as an asset?An item is said to be capitalized when it is recorded as an asset rather than an expense. This implies that the expense will appear on the balance sheet rather than the income statement. An expense is normally capitalized when it meets both of the following criteria.
Which of the following expenses are made after an asset has been purchased?The expenses made to purchase an asset are the costs incurred after acquisition. They consist of the purchase price, additional costs, and installation fees.
Which phrase describes the sum a business anticipates making when selling a long-lasting asset at the conclusion of its useful life?The carrying value that remains on the balance sheet after all depreciation is accounted for is known as the salvage value. This value is used until the asset is disposed of or sold. It is predicated on what a business anticipates getting in return for the asset when its useful life is over.
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a company issues 1,000 shares of its $5 par common stock that has a market value of $10 and 1,000 shares of its $20 par preferred stock that has no established market value for a lump sum of $50,000. therefore, $10,000 of the proceeds will be allocated to the common stock accounts and $40,000 to the preferred accounts.
The amount to be allocated to the common stock is $6000. The given statement is false.
Given that,:
Number of common stocks issued = 1000
Value of common stock = $5
Market value per share = $10
Number of shares of $20 par value = 1,000
Preferred stock having a fair value of $20 per share = $50,000
Total market value of the stocks = 1,000 × $10 + 1,000 × 20 = $30,000
Now,
The proceeds that should be allocated to the common stock will be:
(Total market value of the common stocks/total market value of the shares)*Preferred value of total stocks
= (1000*10/50000)*30000
=$6000
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Magpie Corporation uses the total cost method of product pricing. Below is cost information for the production and sale of 60,000 units of its sole product. Magpie desires a profit equal to a 25% return on invested assets of $700,000. Fixed factory overhead cost $38,700 Fixed selling and administrative costs 7,500 Variable direct materials cost per unit 4.60 Variable direct labor cost per unit Variable factory overhead cost per unit Variable selling and administrative cost per unit The markup percentage on total cost for Magpie's product is 15.8% 24.0% 21.0% 22.6%
The markup percentage on total cost for Magpie's product is 1.77%. Cost is the amount of money, time, or resources required to produce, obtain, or accomplish something.
In business, cost is typically used to refer to the expense associated with producing a good or service, such as the cost of labor, materials, and overhead. In personal finance, cost can refer to the amount of money required to purchase something or the amount of money lost in a financial transaction. In economics, cost can also refer to the opportunity cost, which is the value of the next best alternative that must be given up in order to pursue a certain action or course of action.
To determine the price per unit that Magpie Corporation needs to charge to achieve a 25% return on invested assets, you will need to first calculate the total cost per unit by adding together all of the fixed and variable costs.
First, add the fixed costs to get the total fixed cost: $38,700 + $7,500 = $46,200
Then, multiply the number of units being produced (60,000) by the variable direct materials cost per unit ($4.60), the variable direct labor cost per unit, the variable factory overhead cost per unit, and the variable selling and administrative cost per unit to get the total variable cost.
For example, if the variable direct labor cost per unit is $24.00, the variable factory overhead cost per unit is $21.00, and the variable selling and administrative cost per unit is $22.60, the total variable cost would be:
60,000 * $4.60 + 60,000 * $24.00 + 60,000 * $21.00 + 60,000 * $22.60 = $2,760,000
Then, add the total fixed cost and total variable cost to get the total cost: $46,200 + $2,760,000 = $2,806,200
Next, calculate the desired profit by multiplying the invested assets by the desired return on invested assets:
$700,000 * 0.25 = $175,000
Then, add the desired profit to the total cost to get the desired price: $2,806,200 + $175,000 = $2,981,200
Finally, divide the desired price by the number of units being produced to get the price per unit:
$2,981,200 / 60,000 = $49.68 per unit
The markup percentage on total cost for Magpie's product can be calculated by dividing the desired price by the total cost and then multiplying by 100%.
For example, to calculate the markup percentage if the desired price is $49.68 per unit and the total cost is $2,806,200:
($49.68 / $2,806,200) * 100% = 1.77%
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Carns Company is considering eliminating its Small Tools Division, which reported a loss for the prior year of $215,000 as shown below.
Segment Income (Loss)
Sales $ 1,440,000
Variable costs 1,305,000
Contribution margin 135,000
Fixed costs 350,000
Income (loss) $ (215,000)
If the Small Tools Division is dropped, all of its variable costs are avoidable, and $105,000 of its fixed costs are avoidable. The impact on Carnsâs income from eliminating the Small Tools Division would be:
Multiple Choice
$63,500 decrease
$30,000 decrease
$350,000 decrease
$30,000 increase
$105,000 decrease
Carns Company is considering exiting its Small Tools division, which posted a loss of $215,000 last year, as shown below the $30,000 decline.
Contribution margin or dollar profit per unit is the selling price per unit minus the variable cost per unit. "Contribution" represents the portion of sales that is not consumed by variable costs and contributes to covering fixed costs.
This is an accounting term that helps business owners and managers track the profitability of their products. Understanding contribution margin is important. Because the contribution margin shows how much of a product's sales covers fixed costs and contributes to the company's profit.
This is an accounting term that helps business owners and managers track the profitability of their products. Understanding contribution margin is important. Because the contribution margin shows how much of a product's sales covers fixed costs and contributes to the company's profit.
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for which of the following taxes is there no limit on the amount of annual earnings subject to the tax? multiple choice federal unemployment tax social security tax federal income tax state unemployment tax
There is no limit on the amount of annual earnings subject to the tax known as Federal Income Tax, which means option C is correct.
Federal income tax is the tax levied by federal government on the annual income of the person in a financial year. The taxes on food, clothes, gifts, salaries etc. also comes under Income Tax. In most countries, these taxes are progressive in nature, which means more the income, more will be the taxes. This is done to prevent low wage workers from spending their most money in the form of taxes, with which they might earn a daily bread for an extra day. All the employees working in formal sector, organizations and trusts are liable to pay income taxes. There are several brackets made for income taxes based on the salary.
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which of the following principles best describes the current method of accounting for research and development costs? group of answer choices associating cause and effect systematic and rational allocation income tax minimization immediate recognition as an expense
Immediate recognition as an expense best describes the current method of accounting for research and development costs.
The US generally accepted accounting rules include a minor but crucial component known as the expense recognition principle (GAAP). Income statements and balance sheet numbers can be distorted by improper expense recognition, resulting in restated financial results.
The most natural way to record an expense is through immediate recognition. With this approach, we count an expense as soon as it is incurred. For instance, we are able to rapidly identify fixed recurring costs like rent, utilities, and selling prices.
Those companies that use accrual accounting apply the matching concept. Since you will record expenses and revenues as cash comes into or leaves your accounts, the expense recognition principle does not apply to you if you utilize cash accounting.
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Industries that have ______ tasks and operate in a ______ environment demonstrated the greatest need for project management.A. Simple; dynamic
B. Simple; static
C. Complex; dynamic
D. Complex; static
Industries that have complex tasks and operate in a dynamic environment demonstrated the greatest need for project management. Hence, option (C) will be regarded as suitable.
Give a brief account on project management.The practice of arranging a team's work to fulfill all project goals within the specified time and financial constraints is regarded as project management. In-depth descriptions of this information are often provided in the project documentation prepared at the start of the development period. Scope, time, and financial restrictions are the main ones. Utilizing resources as efficiently as feasible to carry out specified aims represents the second challenge.
The objective of project management is to provide a final product that satisfies the client's objectives. The aim of project management is frequently to additionally restructure or alter the client's brief so that it may genuinely achieve the client's objectives. Once the client's goals are made apparent, they should have a bearing on any choices that other project participants make.
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according to the payback period criterion group of answer choices any project with a payback period > 1.0 is acceptable. a negative payback period represents borrowing rather than lending. a longer payback period represents a more profitable project in the long run. a shorter payback period represents a more rapid return of investment. a shorter payback period represents a higher cost of capital.
According to the payback period, a shorter payback period represents a higher cost of capital.
Any economic resource assessed in terms of money that is utilized by company owners and entrepreneurs to purchase the materials they require to produce their goods or to offer their services to the economic sector on which their operations are based is known as capital.
To put it another way, financial capital is the internal retained earnings that a firm generates or the money that lenders and investors give to businesses in order to buy real capital equipment or services for manufacturing new goods and/or services. Real capital, on the other hand, consists of tangible items that are used in the creation of additional products and services.
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Which of the following correctly identifies a fiscal policy and a monetary policy that would be used to combat inflation?
Fiscal policy aims to reduce consumer spending and industry investment in inflationary times by increasing taxes or cutting government spending.
Which philosophy has a significant tendency to support the right to school prayer?Contrary to what is known as social liberalism, the word "social conservatism" refers to conservative viewpoints on social and cultural problems such abortion, same-sex marriage, and school prayer (cultural liberalism).
Which fiscal or monetary strategy is better at stabilizing a recession-hit economy?He explains that the conventional wisdom has been to rely on monetary policy by decreasing interest rates during a recession. When that strategy fails, the focus usually shifts to fiscal policy, such issuing stimulus cheques. He observes that once rates fall too low, further reductions are impossible.
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If the demand for loanable funds shifts right and the supply of loanable funds shift right, then
a) the real interest rate falls and the equilibrium quantity of loanable funds rises.
b) the real interest rate and the equilibrium quantity of loanable funds both rise.
c) the real interest rate is indeterminate but the equilibrium quantity of loanable funds rises.
d) the real interest rate and the equilibrium quantity of loanable funds both fall.
e) the real interest rate rises and the equilibrium quantify of loanable funds falls.
If both the supply and the demand of loanable funds shift to the right, then (c) the actual interest rate is deterministic but the maximum level of loanable funds advances. IS THE CORRECT Response
What causes the rightward movement in the quantity of loanable funds?
The availability of loanable cash rises as households become more frugal, that is, as households decide to save more. The production schedule for loanable funds in Figure is shifted down and to the right as a result of the increase in supply, ceteris paribus, which lowers the optimum interest rate
.What will occur if the market forces for loanable funds transform?
The necessity for loanable funds has changed. As a result, there will be a greater demand for loanable funds, which raises the current interest rate. In other words, when the industry is performing well, we would anticipate seeing an increase in real interest rates and the number of funding provided.
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after successfully exporting its products through export merchants, boyes inc. decides to take control of its exports. it sets up its own unit in the home country that takes care of all export-related activities. boyes inc. is most likely using . group of answer choices
Boyes Inc. is most likely using domestic-based export department
Modern economies rely heavily on exports because they give people and businesses access to a wide variety of new markets. Fostering economic commerce, boosting exports and imports for the advantage of all trading parties, is one of the main goals of diplomacy and foreign policy between countries.
Export agents with domestic offices look for and deal with international buyers for a commission. Companies engaged in trading are a part of this group. Cooperative groups, which are partially under their administrative authority, carry out exporting activities on behalf of several producers.
Eventually, businesses might decide to handle their own exports. The potential return is slightly higher, but so is the investment and risk.
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Considered the most common type of home loan, which of the following refers to any standard home loan that is not insured or guaranteed by an agency of the U.S. government?
A. Conventional home loan
B. Federal Housing Administration loan
C. Veterans Affairs loan
D. Section 203 loan
A. Conventional home loan is Considered the most common type of home loan, which of the following refers to any standard home loan that is not insured or guaranteed by an agency of the U.S. government.
What is home loan?A home loan can be described as the secured loan that is obtained to purchase a property by offering it as collateral.
It should be noted that the Home loans offer high-value funding at economical interest rates which can be dgiven for long tenors however they will be repaid through EMIs then the property's title is transferred back to the borrower once payment is done.
Therefore, option A is correct.
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Match each inequality or equality to the corresponding term for the monopolistic competitor operating at optimal, short-run production levels. Drag each item on the left to its matching item on the right. short-run economic profit price = average total cost" price > marginal revenue short-run economic loss price < average total cost" market power price > average total cost (ATC) zero economic profit price > marginal cost markup
Pure monopoly and pure competition are the opposing limiting cases. Monopolistic competition exists between those two.
Monopolistic competition is distinguished by the fact that, despite being closely related to one another, the products of various firms are not all the same but rather differ from one another. As numerous businesses compete to sell their products, there is also a component of competition.
Price=Average Total Cost Total Revenue is equal to total cost so there
is zero economic profit.
Price>ATC It means that firm is earning short run
economic profit.
Price<ATC It means firm is earning Short Run Economic
Loss
Price> Marginal Revenue It means firm has market power
Price>Marginal Cost Mark up
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level of the fair value hierarchy reflects the use of unobservable inputs, or inputs that rely heavily on management assumptions.
Level 3 information sources are imperceptible contributions for the resource or risk. Imperceptible data sources ought to be utilized to gauge fair worth to the degree that recognizable data sources are not accessible.
What are Level 3 information sources?
Level 3 information is imperceptible information. It might incorporate the organization's own information, adapted to other actually accessible data. These sources of info ought to mirror the presumptions that would be utilized by market members to figure out costs, including suspicions about risk.
Level 3 resources and liabilities incorporate monetary instruments whose worth is resolved to utilize evaluating models, limited income strategies, or comparable methods, as well as instruments for which assurance of fair worth requires huge administration judgment or assessment.
Level 3 information sources are imperceptible contributions for the resource or risk. Imperceptible data sources ought to be utilized to gauge fair worth to the degree that recognizable data sources are not accessible.
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When a transfer price decreases:
1. the costs of the division using the intermediate product will fall
2. the revenues of the division using the intermediate product will rise
3. the costs of the division making the intermediate product will fall
4. the profits of the division using the intermediate product will rise
5. both A&D
When components are manufactured internally, they must be priced as they move between departments. Market-based pricing can be used, prices can be set internally, and departments can negotiate prices.
When a transfer's cost goes down: c. The division that makes use of the intermediate product will make more money, and d. The division that makes use of the intermediate product will pay less money.
A lower price when one division buys from another will increase the revenue and profits of the buying division, just as purchasing components from another company at a lower price will reduce costs and increase profit.
What effect does transfer pricing have?The establishment of prices for the goods and services traded between subsidiaries, affiliates, or commonly controlled businesses that are a part of the same larger enterprise is made possible by transfer pricing. Corporations may be able to save money on taxes through transfer pricing, but tax authorities may challenge their claims.
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one of the ____ of data warehouses is their ability to provide access and analysis of information from a variety of subject areas. hurdles disadvantages advantages difficulties
one of the advantages of data warehouses is their ability to provide access and analysis of information from a variety of subject areas.
What is a data warehouse?
A particular form of data management system called a "data warehouse" is intended to facilitate and support business intelligence (BI) activities, particularly analytics. Data warehouses frequently have a lot of historical data and are only meant to be used for queries and analysis. A data warehouse typically uses a variety of sources, including transaction programms and application log files.
Large volumes of data from many sources are centralized and consolidated in a data warehouse. Organizations can gain useful business insights from their data using its analytical skills to enhance decision-making. It creates a historical record over time that data scientists and business analysts can use to their advantage. A data warehouse can be thought of as the "single source of truth" for an organisation because of these features.
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jane is investigating the prospects for a vista ridge mall outlet that would sell only silk ties. which of these is treated as sunk cost
Your consultation fee is a "Sunk Cost" that shouldn't be included as a fixed cost in a breakeven analysis because it is unrelated to the analysis.
All other expenses ARE pertinent fixed expenditures. An unrecoverable expense that has already been made is referred to as a sunk cost. Sunk costs are a manifestation of the business principle that you must "spend money to make money."
Sunk costs are distinct from potential expenses that a company may incur in the future, such as choices on the price of products or the cost of purchasing inventories. Sunk expenses are not considered in future business choices since they will not change regardless of the outcome.
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Jane is investigating the prospects for a Vista Ridge mall outlet in 2018 that would sell only silk ties. As her professional consultant, please help her, as she tries to figure first year breakeven sales for her store. Which of these is treated as a sunk cost?
(a) utility
(b) flier
(c) salary
(d) consulting fee
When recording journal entries for production costs using a standard cost accounting system, the favorable variances are recorded as ____ and the unfavorable variances are recorded as ______.
credits; debits
When recording journal entries for production costs using a standard cost accounting system, the favorable variances are recorded as credit and the unfavorable variances are recorded as debit.
Due to the fact that manufacturers are unable to estimate exact costs in advance, standard costing is the technique of estimating costs during the production process. This methodology is used by manufacturers to forecast future costs for a variety of factors, including labour, materials, production, and overhead.
The production team uses this information to estimate anticipated expenses and create budgets and plans accordingly. The terms projected cost, predetermined cost, expected cost, and budgeted cost are all used to describe standard costs. Even before the production process is finished, standard costing aids manufacturers in setting the prices of the finished goods.
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Entrepreneurs are goal-oriented and tend to cite which of the following as a reason for going into business?
Entrepreneurs are goal-oriented and tend to cite control as a reason for going into business.
What should a business person expect while beginning a strategy?
The key supposition we should make in business venture is the possibility that the best way to do things right is to do them yourself. This implies that we want to face challenges and furthermore need trust in our range of abilities so we can deliver quality work while keeping an uplifting outlook.
What is business person business venture?
A business person is a person who makes another business, bearing the vast majority of the dangers and appreciating a large portion of the prizes. The method involved with setting up a business is known as business venture. The business visionary is usually viewed as a pioneer, a wellspring of groundbreaking thoughts, products, administrations, and business/or systems.
What makes a business person?
However, research shows that best business visionaries share specific individual ascribes, including inventiveness, commitment, assurance, adaptability, initiative, enthusiasm, self-assurance, and "smarts". Innovativeness is the flash that drives the improvement of new items, administrations, or ways of carrying on with work.
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she made the loan, but the corporation has been unable to repay her. slick told her that he is sorry, but that her only avenue of recovery is through the corporation. assuming abc's corporate status is in place, which of the following is bernice's best theory in order to hold slick personally liable to her?
Helen's attempt to hold the corporation liable for her debt will likely be successful. Hence, option (d) will be the relevant answer choice.
What is a corporation?A corporation can be regarded as a group of people or a company that the government has authorized to act as a single unit (a legal person in the sense of a legal entity acknowledged by both private and public law and "formed out of legislation") and is acknowledged as such in law for specific purposes. Charters were used to establish early corporations. The majority of jurisdictions currently allow for the registration of new corporations. Despite the fact that there are many different types of corporations, they are frequently grouped by the law of the nation in which they were founded based on one of two aspects. : if they are permitted to issue shares and whether they were founded with the goal of producing money.
A corporation can be categorized as sole or aggregate, depending on how many owners it has.
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The complete question is mentioned below :
Shaky Bicycles. Rhonda, an incorporator who filed the articles of incorporation for ABC Corporation, a corporation set up to sell bicycles, listed the correct town and street but incorrectly put the wrong street number in the document. Helen, a manufacturer of bicycle parts, had sold a number of parts to ABC Corporation. Unfortunately, the corporation was not making any profit, and Helen was not paid in a timely manner. Rhonda told her that the corporation was not liable because it was not validly formed due to the address mistake. Bernice, another creditor of ABC Corporation, also claimed that a shareholder of Shaky Bicycles, Slick, was personally liable to her. Bernice alleged that Slick committed fraud against her when he told her that ABC Corporation was making large amounts of money, that if she would only lend $50,000 to the corporation he would marry her, and that the corporation would make so much money that she would be wealthy in six months. She made the loan, but the corporation has been unable to repay her. Slick told her that he is sorry, but that her only avenue of recovery is through the corporation. Which of the following is the likely result of Helen's attempt to hold the corporation liable for her debt?
a. She will be successful, but only if ABC Corporation removes its de jure status.
b. She will be successful, but only if ABC Corporation has at least 50 shareholders.
c. She will be successful, but only if ABC Corporation removes its de facto status.
d. She will likely be successful.
e. She will likely be unsuccessful.
"A system of performance measures, including nonfinancial measures, used to assess company and division manager performance is:_______. Multiple Choice
Hurdle rate.
Return on investment
Balanced Scorecard.
Residual income
Investment turnover"
Answer:
it is balanced scorecard
