Answer:
Preparation of Journal Entries
Date Particulars Dr($) Cr($)
January 3, 20x2 Cash & Receivables 57,000
Inventory 165,000
Buildings & Equipment 307,000
Patent 203,000
Account Payable 20,000
Purchase Consideration 632,000
Gain on Purchase Bargain 80,000
(Being purchase of Lark
Corporation`s net assets)
Recording of merger costs.
(Debit) Cash $9,000
(Credit) Merger Expenses $9,000
Recording of acquisition of Lark Corporation`s net assets
(Debit) Investment in Lark`s net asset $712,000
(Credit) Cash $632,000
(Credit) Gain on Purchase Bargain $80,000
Explanation:
When acquiring another business, net asset (Total Assets - Total Liabilities) is valued at fair value (sometimes called market value, not book value. Hence, the reason why the fair value of Lark`s assets and liabilities was used in the calculation above. So the net assets ($57,000+$165,000+$307,000+$203,000 - $20,000) = $712,000.
After, calculating the net assets of the Lark, the purchase consideration given by Bower Company has to be removed from the net asset, in order to get the goodwill or gain on purchase bargain on the acquisition. The formula is Purchase consideration - Net assets of the target company = Goodwill (Gain on purchase bargain). If the purchase consideration is higher than the net assets, then goodwill is obtained. If the purchase consideration is lower than net assets acquired then, gain on purchase bargain is obtained.
In Bower`s case, gain on purchase bargain is obtained because net assets is greater than purchase consideration ($632,000 - $712,000).
Merger cost
Merger cost is not considered as part of purchase consideration. The merger cost is taken to income statement of Bower Corporation as expense.
If the price of good A decreases by 10 percent and the quantity demanded of good B increases by 10 percent, this is evidence that goods A and B are :
a. substitute goods
b. complement goods
c. inferior goods
d. normal goods
e. not related
Answer:
b. complement goods
Explanation:
Complement goods -
These are the type of goods , that are related to each other in a certain manner , is referred to as complement goods.
These type of good are also referred to as paired goods or associated goods .
In case of complement goods , if a person buys first good , then he might require the second good too.
These goods can even alters the prices of each other .
For example ,
people buying a CD player , need to buy the corresponding CD too , and hence ,
CD player and CD are complement goods.
Hence , from the given scenario of the question,
The correct option is b. complement goods .
A complementary good is a good whose use is related to the use of an associated or paired good. Two goods (A and B) are complementary if using more of good A requires the use of more of good B.
The field of accounting that reports according to generally accepted accounting principles (GAAP) is called:cost accounting.financial accounting.managerial accounting.responsibility accounting
Answer:
Financial accounting
Explanation:
The Generally accepted accounting principle (GAAP) is the standard, principles and procedures that accountant must follow or adhere to when compiling financial statements. The major objective of GAAP is to make the accounting process uniform so financial reports are comparable from one company to another.
The branch of accounting that adheres to GAAP is financial accounting. It prepares necessary financial statements to deliver comprehensive economic data to stakeholders.
Explanation:The field of accounting that reports according to generally accepted accounting principles (GAAP) is called financial accounting. Financial Accounting focuses on the preparation of financial statements for an entity, which should be in accordance with relevant standards and regulations like GAAP. These financial statements are vital as they provide information to stakeholders such as investors, creditors, and regulators about the overall financial performance and position of the entity. Unlike managerial or cost accounting, financial accounting deals more with historical data and is universal, meaning the procedures are the same across the globe.
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Identify one environmental factor or risk that affects the decision-making opportunities within your organization. Provide a brief description of the concerns and potential solutions for addressing the concerns or risks. Are there financial requirements that must be considered when processing decisions within a company?
Answer:
Explanation:
Businesses can be affected by various environmental facors as political, economic, social and technological facors (PEST). All of these factors influence the decision making within the organization.
Let's briefly describe each of the factors:
1. Political factors: In some countries there are subsidiaries and tax exemptions for running a particular businesses. For example, tax exemptions for those doing green business or producing electric cars. In order to adress such risks, business people should investigate about legislation and political environment of countries.
2. Economic factors: Businesses are affected by economic well being of the market where it is based. For example, market largely differs in European ccountries and Central Asian countries. Most of the countries in Central Asia are developing countries, whereas European countries are developed and have economic stability. To handle such risks, businessman should research the potential markets on the issues of inflation rate, average income of people and etc.
3. Social factors: How society views the markets and what it demands. Some support green initiatives and want zero waist products and etc.
4. Technological environment: In case of electro cars, if there are no energy for charging them that could be the potential issue. Or if market is not really technologically advanced, business will need to educate the market about their innovational products and etc.
In order to manage such concerns there should be particular research and investigations held and of course financial requirements are important and should be met for budgeting purposes.
In the past 5 years, the cost of producing 4K televisions has decreased. At the same time, many consumers are opting to watch television programs on their smartphones, tablets or laptops. Considering these two facts, assess the following claim: "The price of 4K TVs are decreasing, but it is not clear whether the quantity of 4K televisions bought and sold have increased or decreased." a. Correctb. Incorrect
Answer:
Correct.
Explanation:
If the cost of production of 4K televisions decreases then as a result this will increase the supply of 4K televisions and shifts the supply curve of 4K televisions rightwards.
At the same time, there is a unfavorable change in the consumer preference. Now, consumers prefer to watch television programs on their smartphones, tablets or laptops. This will shift the demand curve of 4K televisions leftwards.
Therefore, there is a fall in the equilibrium price level and the effect on equilibrium quantity is ambiguous because it depends upon the magnitude of the shifts of demand and supply curve.
Tyare Corporation had the following inventory balances at the beginning and end of May:
May 1 May 30
Raw materials $ 32,500 $ 44,000
Finished Goods $ 82,000 $ 80,000
Work in Process $ 20,500 $ 17,578
During May, $65,500 in raw materials (all direct materials) were drawn from inventory and used in production. The company's predetermined overhead rate was $12 per direct labor-hour, and it paid its direct labor workers $15 per hour. A total of 440 hours of direct labor time had been expended on the jobs in the beginning Work in Process inventory account. The ending Work in Process inventory account contained $7,750 of direct materials cost. The Corporation incurred $44,100 of actual manufacturing overhead cost during the month and applied $43,800 in manufacturing overhead cost.
The amount of direct labor cost in the May 30 Work in Process inventory was:
a. $5,460
b. $9,828
c. $4,368
d. $5,020
The amount of direct labor cost(DLC) in the May 30 Work in Process inventory was $4,368. Thus, option C is appropriate.
In this question, we are given the following information: Raw materials on May 1 = $32,500Raw materials on May 30 = $44,000Direct material used = $58,500Predetermined overhead rate = $12 per direct labor-hourDirect labor rate = $15 per hour direct labor cost(DLC) = 300Direct materials cost in the ending Work in Process inventory account = $7,050Actual manufacturing overhead cost = $42,000Manufacturing overhead cost applied = $39,600Work in Process on May 1 = $20,500Work in Process on May 30 = $17,578We can calculate the total manufacturing cost by adding the direct materials cost, direct labor cost, and manufacturing overhead cost. Then, we can subtract the cost of goods completed from the total manufacturing cost to get the cost of goods in process.
A direct labor cost(DLC) is a component of the wage bill or salary that can be specifically consistently attributed to or related to the production of a good, the completion of completing a specific task, or providing a service.
The term "direct labor cost"(DLC) describes the compensation and benefits paid to employees that may be directly linked to certain goods or services. It covers the price of standard working hours, extra work hours, payroll taxes, jobless tax, Medicare, employment coverage, etc.
Thus, option C is correct.
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Consider the economy of Arcadia. Its households spend 75% of increases in their income. There are no taxes and no foreign trade. Its currency is the are. Potential output Is 600 billion arcs (Scenario: Fiscal Policy) Look at the scenario Fiscal Policy. If actual output Is 500 billion arcs, to restore the economy to potential output government should by 25 billion arcs.
a. increase spending
b. increase taxes
c. decrease spending
d. decrease taxes
Answer:
Consider the economy of Arcadia. Its households spend 75% of increases in their income. There are no taxes and no foreign trade. Its currency is the are. Potential output Is 600 billion arcs (Scenario: Fiscal Policy) Look at the scenario Fiscal Policy. If actual output Is 500 billion arcs, to restore the economy to potential output government should by 25 billion arcs.
increase taxes
Explanation:
The purpose of this assignment is to provide the experience of obtaining a company's annual report.
Required:
Obtain the most recently issued annual report of a publicly owned manufacturing or merchandising corporation of your choice. Do not select a bank, insurance company, financial institution, or public utility. It would be appropriate to select a firm that you know something about or have an interest in. Type firm name or use a search engine to locate your chosen company's website and then scan your firm's home page for information about annual report ordering. If you don't see a direct link to Investor Relations or Investors on the home page, look for links such as Our Company, About Us, or Site Map that may lead you to SEC Filings, Financial Information, or Annual Reports. Most companies allow you to save or print an Adobe Acrobat version of their annual reports.
Answer:
Download Apple Inc's 2019 Annual Report
Explanation:
Follow the following steps to download and save the 2019 annual report of Apple Inc:
1. Type www.apple.com in the url address box on your web browser. This will take you to Apple Inc home page.
2. Scroll down to the bottom of the home page and look for "About People" which is at the bottom right of the page and then click on "Investors" under "About People". This will take to the Investor Relation page.
3. On the Investor Relation page, scroll down and look for "Annual Reports on Form 10-K".
4. Right under the "Annual Reports on Form 10-K", you will see "2019 10-K" which is the most recently issued annual report by Apple Inc. Just click on the "2019 10-K" to download and save a pdf format of the Apple Inc's 2019 Annual Report which is their most recent annual report.
Best of luck.
You express your concern for Alexei's girlfriend and her family without asking personal questions. When Alexei seems surprised that you didn't know about the situation, you are confused. Don't you know?
Answer:
You heard from someone and you were not sure.
Explanation:
In case that you did knew about the situation but you are not telling that to Alexei, you need to come up with a plausible explanation. The best explanation is that you had heard of the situation briefly from a friend or a colleague at work. However, you weren't completely sure of the situation and found it impolite to inquire from Alexei. Being certain that there is a problem, you are expressing your concern and well wish for Alexei's girlfriend and her family.
Leah has just handed in a major required report to her professor, and after careful scrutiny, the professor finds numerous instances of plagiarism. If the school policy and the professor's personal perspective follow a principles-based approach, Leah should be charged and suffer whatever penalty is prescribed by school policy.A. True
B. False
Answer:
The correct answer is letter "A": True.
Explanation:
A principles-based approach aims to apply regulations that have been implemented. The practice consists of taking a strict set of rules and enforcing them in different ways according to the problematic situation. It could be flexible but eventually ends making the rule to be effective.
Morganton Company makes one product and it provided the following information to help prepare the master budget for its first four months of operations:a.The budgeted selling price per unit is $65. Budgeted unit sales for June, July, August, and September are 9,300, 24,000, 26,000, and 27,000 units, respectively. All sales are on credit.b.Forty percent of credit sales are collected in the month of the sale and 60% in the following month.c.The ending finished goods inventory equals 30% of the following month’s unit sales.d.The ending raw materials inventory equals 20% of the following month’s raw materials production needs. Each unit of finished goods requires 4 pounds of raw materials. The raw materials cost $2.50 per pound.e.Thirty percent of raw materials purchases are paid for in the month of purchase and 70% in the following month.f.The direct labor wage rate is $14 per hour. Each unit of finished goods requires two direct labor-hours.g.The variable selling and administrative expense per unit sold is $1.90. The fixed selling and administrative expense per month is $63,000.2. What are the expected cash collections for July?3. What is the accounts receivable balance at the end of July?4. According to the production budget, how many units should be produced in July?5. If 105,200 pounds of raw materials are needed to meet production in August, how many pounds of raw materials should be purchased in July?6. What is the estimated cost of raw materials purchases for July?7. If the cost of raw material purchases in June is $158,880, what are the estimated cash disbursements for raw materials purchases in July?8. What is the estimated accounts payable balance at the end of July?9. What is the estimated raw materials inventory balance at the end of July?10. What is the total estimated direct labor cost for July assuming the direct labor workforce is adjusted to match the hours required to produce the forecasted number of units produced?11. If the company always uses an estimated predetermined plantwide overhead rate of $9 per direct labor-hour, what is the estimated unit product cost?
The detailed answer provides explanations and calculations for expected cash collections, accounts receivable balance, and production budget for July in the context of a business's master budget preparation.
Expected Cash Collections for July: To calculate this, you need to find the credit sales for June and July, apply the collection percentages provided, and sum them up. In this case, it would be (June credit sales * 40%) + (July credit sales * 60%).
Accounts Receivable Balance at the end of July: This is the amount of money customers owe the company at the end of July. It is calculated as (June credit sales * 60%) + (July credit sales * 40%).
Production Budget for July: You determine this based on the August sales forecast and the required ending finished goods inventory, taking into account the beginning finished goods inventory.
Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for each department. The planning budget and flexible budget for the Production Department are based on the following formulas, where q is the number of labor-hours worked in a month: Cost Formulas Direct labor $16.40q Indirect labor $4,100 + $1.30q Utilities $5,400 + $0.80q Supplies $1,600 + $0.20q Equipment depreciation $18,200 + $2.70q Factory rent $8,300 Property taxes $2,900 Factory administration $13,600 + $0.60q The Production Department planned to work 4,100 labor-hours in March; however, it actually worked 3,900 labor-hours during the month. Its actual costs incurred in March are listed below: Actual Cost Incurred in March Direct labor $ 65,560 Indirect labor $ 8,610 Utilities $ 9,070 Supplies $ 2,630 Equipment depreciation $ 28,730 Factory rent $ 8,700 Property taxes $ 2,900 Factory administration $ 15,290 Required:
1. Prepare the Production Department’s planning budget for the month.
2. Prepare the Production Department’s flexible budget for the month.
3. Prepare the Production Department’s flexible budget performance report for March, including both the spending and activity variances.
Answer:
1) Planning Budget
Packaging Solutions Corporation
Production Department Planning Budget
For the Month Ended March 31
Direct labor 66010
Indirect labor 10240
Utilities 8270
Supplies 2520
Equipment depreciation 29890
Factory rent 8400
Property taxes 2600
Factory administration 16380
Total expense 144310
2) Flexible budget :
Packaging Solutions Corporation
Production Department Flexible Budget
For the Month Ended March 31
Direct labor 62790
Indirect labor 9960
Utilities 8130
Supplies 2480
Equipment depreciation 29310
Factory rent 8400
Property taxes 2600
Factory administration 16220
Total expense 139890
3.Packaging Solutions Corporation
Production Department Flexible Budget Performance Report
For the Month Ended March 31
Spending Variances
Direct labor 1540 U
Indirect labor 540 F
Utilities 530 U
Supplies 250 U
Equipment depreciation None
Factory rent 400 U
Property taxes None
Factory administration 610 F
Total expense 1570 U
Explanation:
Based on the information given from the question, the planning budget will look like the following
1) Planning Budget
Packaging Solutions Corporation
Production Department Planning Budget
For the Month Ended March 31
Direct labor 66010
Indirect labor 10240
Utilities 8270
Supplies 2520
Equipment depreciation 29890
Factory rent 8400
Property taxes 2600
Factory administration 16380
Total expense 144310
2) Flexible budget :
Packaging Solutions Corporation
Production Department Flexible Budget
For the Month Ended March 31
Direct labor 62790
Indirect labor 9960
Utilities 8130
Supplies 2480
Equipment depreciation 29310
Factory rent 8400
Property taxes 2600
Factory administration 16220
Total expense 139890
3.Packaging Solutions Corporation
Production Department Flexible Budget Performance Report
For the Month Ended March 31
Spending Variances
Direct labor 1540 U
Indirect labor 540 F
Utilities 530 U
Supplies 250 U
Equipment depreciation None
Factory rent 400 U
Property taxes None
Factory administration 610 F
Total expense 1570 U
To prepare the Production Department’s planning and flexible budgets, use the provided cost formulas and plug in the planned or actual number of labor-hours. Compare the actual costs to the flexible budget to calculate the spending and activity variances.
Explanation:To prepare the Production Department’s planning budget for the month, we can use the cost formulas provided. The planning budget is based on the expected number of labor-hours worked. For each cost category, we can plug in the planned number of labor-hours (4,100) into the corresponding formula to calculate the total planned cost. Summing up the costs for each category gives us the planning budget.
To prepare the Production Department’s flexible budget for the month, we can use the same cost formulas but plug in the actual number of labor-hours worked (3,900) instead. Again, we calculate the total cost for each category and sum them up to get the flexible budget.
The flexible budget performance report for March can be prepared by comparing the actual costs incurred to the costs in the flexible budget. We calculate the spending variances by subtracting the actual costs from the flexible budget costs. Similarly, we calculate the activity variances by subtracting the flexible budget costs from the planning budget costs.
Many partnerships provide for the admission of new partners or withdrawals of present partners in the partnership agreement so that the firm may continue to operate without executing a new agreement.
True/False
Answer:
The statement is: False.
Explanation:
A partnership is an organization where two or more owners operate a business. They share the profits in proportion to their percentage partnership interest. There are two types of partnerships: general partnerships (unlimited liability) and limited partnerships (the liability is proportional to the amount of the money the partners contribute to the partnership).
If one of the partners retires, wants to exit the partnership, passes away or if a new partner will be added, the partnership is dissolved and a new partnership is formed.
It is true that partnerships often include provisions for adding or removing partners in their agreements, which allows the business to continue without creating a new agreement. This flexibility makes partnerships manageable and capable of adapting to changes in ownership.
True, many partnerships provide for the admission of new partners or withdrawals of present partners in the partnership agreement so that the firm may continue to operate without executing a new agreement. This is often stipulated in the partnership paperwork, allowing for a more efficient business operation and the ability to easily attract investors or address the withdrawal of existing partners. Partnerships are a flexible form of business, which can be an advantage, as they allow existing partners to manage transitions without dissolving the business entity.
There are several positive aspects of a partnership: it is straightforward to start up a business with a partnership agreement, partnerships are easy to manage, and there are no special taxes on partnerships. Additionally, partnerships can hire additional employees to support the growth of the business.
However, the main disadvantage of partnerships is the joint responsibility for each partner's actions. If one partner defaults on their responsibilities or makes poor decisions, other partners may be held accountable, potentially affecting the firm's continuity and finances. This risk emphasizes the importance of clearly outlined terms in the partnership agreement regarding the addition or withdrawal of partners.
W. Glass & Company reported the following information in its recent annual report: 2015 2016Cost of goods sold $4,000,000 $4,600,000Beginning inventory $900,000 860,000Ending inventory 860,000 640,000Calculate the company’s inventory turnover and days’ sales in inventory for both years.
Answer:
2015 inventory turnover is 4.5
2016 inventory turnover is 6.1
Explanation:
Inventory turnover is computed by dividing Cost of goods sold over average inventory.
First step: Compute the Average inventory for the period. Average inventory is simply Beginning inventory plus Ending inventory divided by 2.
2015:
($900,000 + $860,000) / 2 = $880,000
2016:
($860,000 + $640,000) / 2 = $750,000
Finally, we can now compute the inventory turnover by dividing Cost of Goods Sold over Average inventory.
2015:
$4,000,000 / $880,000 = 4.5
2016:
$4,600,000 / $750,000 = 6.1
Which choice is best? A. The job offered full medical benefits; but I already had them from my wife's job. B. The job offered full salary and benefitsC. The job offered less salary with good medical benefits D. None of the above
Answer:
The best choice would be to go for a job that offered full salary and benefits.
Explanation:
The remuneration offered by a job is ample enough, one prefers to ignore the absence of other benefits. On the other hand, there are people who prefer the benefits dispensed by the job over the salary offered by the job. When both these preferences are amalgamated, a job that offers both the salary and the benefits would be deemed to be the best choice.Which value gap refers to a company’s failure to accurately assess what customers really want?
Answer:
The correct answer is: Service Quality Gap.
Explanation:
The Service Quality Gap refers to the difference between what a company understands a customer's desires and what must be really done to satisfy that consumer. Firms should make all the efforts in their hands to close that breach and provide the customer with the good or service they need to keep their businesses going. When the gap is not closed, the customer's loyalty fails, pushing them to look for different options in other organizations.
Final answer:
A value gap related to misjudging customer preferences and market demand can lead to a loss of customer goodwill and misaligned company offerings.
Explanation:
The value gap that refers to a company's failure to accurately assess what customers really want is rooted in imperfect information, leading to misjudgment in areas like customer preferences, tastes, and the elasticity of demand.
Companies such as Netflix have suffered from these missteps by not fully understanding the market demand, lacking clarity on the impact of substitutes, and inadequately gauging customer expectations. The result can be a mismatch between the company's offerings and what the market actually desires, leading to loss of customer goodwill and potentially, market share.
John Porter is an hourly employee of Motter Company located in New York City. This week, Porter had to travel to the company's regional office in Albany. He left Sunday at noon and arrived in Albany at 3:00 P.M. During the week, he worked his normal 40 hours in the Albany office (Monday through Friday—9 A.M. to 5 P.M.). In addition, he attended the company's mandatory 4-hour work training session on Wednesday evening. Porter's hourly rate of pay is $24.80 per hour.
Calculate Porter's OT rate for the week and total earning for the week.
Final answer:
John Porter's overtime rate is $37.20 per hour. He earned $992.00 for his regular 40-hour workweek and an additional $148.80 for 4 hours of overtime during the mandatory training session, totaling $1140.80 for the week.
Explanation:
To calculate John Porter's overtime (OT) rate and total earnings for the week, follow these steps:
Calculate the OT rate, which is typically 1.5 times the regular hourly rate. John's regular hourly rate is $24.80, so his OT rate is 24.80 imes 1.5 = $37.20 per hour.Calculate the regular earnings for the week. John worked his normal 40 hours, so his regular earnings are 40 imes 24.80 = $992.00.John also attended a mandatory work training session for 4 hours, which should be paid at the OT rate, as it is beyond his regular 40 hours. These additional earnings are 4 imes 37.20 = $148.80.Add the regular earnings and the overtime earnings to find the total earnings for the week: 992.00 + 148.80 = $1140.80.John Porter's total earnings for the week are $1140.80.
What do you think would be the greatest challenge in maintaining a Job-Order Costing system for a manufacturing company?
Answer:
To calculate the predetermine overhead rate
Explanation:
As we know that
Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours or estimated machine hours)
Plus if we talk about the manufacturing overhead, it is an indirect cost which could not be easy to trace the cost to a specific job or task
And the fixed cost would remain unchanged although the number of production units changes and the average cost per unit also changes due to changes in the production level
These reasons could be the greatest challenge.
Selene owns a craft store. Her total costs are $1.2 million per year, and her variable costs are $750,000 per year. This means that her fixed costs are
Answer:
fixed costs = $450000
Explanation:
given data
total costs = $1.2 million per year
variable costs = $750,000 per year
solution
we get her fixed costs that is express here as
fixed costs = total costs - variable costs ...........................1
put here value and we will get fixed costs
fixed costs = $1.2 million - $750,000
fixed costs = $1200000 - $750,000
fixed costs = $450000
The basic competencies of selling that are required of top professional salespeople include selling skills and _________.a. Accounting knowledgeb. Product knowledgec. Ethical social responsibilityd. Interpersonal communication
Answer:
The correct answer is (d)
Explanation:
Interpersonal communication skills are considered vital for marketing professionals, and companies usually arrange workshops and seminars to improve the interpersonal skills of their marketing employees. Apart from selling skills, interpersonal skills are vital to become a top professional salesman. The face to face communication is all about interpersonal skills which include verbal and non-verbal actions that help to attract more customers.
At the beginning of theâ year, Swift,â Inc.'s Work-in-Process Inventory account had a balance of $ 122 comma 000. During theâ year, $ 250 comma 000 of direct materials were used inâ production, and $ 70 comma 000 of direct labor costs were incurred. Manufacturing overhead amounted to $ 826 comma 000. The cost of goods manufactured was $ 673 comma 000. What is the balance in theâ Work-in-Process Inventory account on Decemberâ 31?
Answer:
$595,000
Explanation:
We know that
Cost of goods manufactured = Work in process opening balance + Manufacturing cost - Work in process closing balance
where manufacturing cost equal to
= Direct material used + Direct labor cost + Manufacturing Overhead cost
= $250,000 + $70,000 + $826,000
= $1,146,000
So, the Work in process closing balance would be
$673,000 = $122,000 + $1,146,000 - Work in process closing balance
So, the Work in process closing balance would be $595,000
3F − is bigger than F because
1. F − has one more electron so there is less effective shielding of the nuclear charge.
2. F − has one more electron which causes greater electron repulsions in the outer orbitals, thus expanding the electron cloud.
3. F − has one less electron so there is more effective shielding of the nuclear charge.
4. F − has one more electron which causes less electron repulsions in the outer orbitals, thus expanding the electron cloud.
5. F − has one less electron so there is less effective shielding of the nuclear charge
The fluoride ion (F-) is larger than the neutral fluorine atom due to increased electron repulsion from an extra electron and less effective nuclear charge.
Explanation:The ion F− or fluoride ion is larger than the neutral fluorine atom (F), primarily due to two reasons. The first reason is the addition of one extra electron into the outer orbitals of the F− ion which causes greater electron repulsion, expanding the electron cloud and making it larger than the neutral F atom. The second reason is due to the fact that the F−ion now has a greater number of electrons compared to protons, leading to less effective nuclear charge and fewer forces pulling the electrons close to the nucleus, thus increasing the size.
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Indicate whether each of the following changes will increase or decrease the equilibrium price and quantity, or whether the effect cannot be predicted.
(a) Demand increases; supply remains constant
(b) Supply increases; demand remains constant
(c) Demand decreases; supply remains constant
(d) Supply decreases; demand remains constant
(e) Demand increases; supply increases
(f) Demand decreases; supply decreases
(g) Demand increases; supply decreases
(h) Demand decreases; supply increases
Answer:
(a) This will shift the demand curve rightwards and supply curve remains the same. Hence,
Equilibrium price: Increases
Equilibrium Quantity: Increases
(b) This will shift the supply curve rightwards and demand curve remains the same. Hence,
Equilibrium price: Decrease
Equilibrium Quantity: Increases
(c) This will shift the demand curve leftwards and supply curve remains the same. Hence,
Equilibrium price: Decrease
Equilibrium Quantity: Decrease
(d) This will shift the supply curve leftwards and demand curve remains the same. Hence,
Equilibrium price: Increase
Equilibrium Quantity: Decrease
(e) This will shift the supply curve and demand curve rightwards. Hence,
Equilibrium price: Indeterminate because of the magnitude of the shift in demand and supply curve.
Equilibrium Quantity: Increase
(f) This will shift the supply curve and demand curve leftwards. Hence,
Equilibrium price: Indeterminate because of the magnitude of the shift in demand and supply curve.
Equilibrium Quantity: Decrease
(g) This will shift the supply curve leftwards and demand curve rightwards. Hence,
Equilibrium price: Increase
Equilibrium Quantity: Indeterminate because of the magnitude of the shift in demand and supply curve.
(h) This will shift the supply curve rightwards and demand curve leftwards. Hence,
Equilibrium price: Decrease
Equilibrium Quantity: Indeterminate because of the magnitude of the shift in demand and supply curve.
The market is in equilibrium when at the market equilibrium price the quantity demanded is equal to the quantity supplied.
What is the equilibrium price?The equilibrium price is the only price at which consumers' plans and producers' plans agree — that is, when the price consumers want to buy the product, the desired price, is equal to the amount the producers want to sell, the price offered.
This common value is called equilibrium quantity.
(a) This will shift the demand curve to the right and the supply curve will remain the same. So,
Equilibrium price: IncreasesEquilibrium Quantity: Increases(b) This will shift the supply curve to the right and the quest curve remains the same. So,
Equilibrium price: ReduceEquilibrium Quantity: Increases(c) This will shift the search curve to the left and the supply curve will remain the same. So,
Equilibrium price: ReduceEquilibrium Amount: Reduce(d) This will shift the supply curve to the left and the quest curve remains the same. So,
Equilibrium price: IncreaseEquilibrium Quantity: Reduce(e) This will shift the supply curve and the demand curve to the right. So,
Equilibrium price: Can not be determined due to the magnitude of the change in seeking and providing the curve.Equilibrium quantity: Increase(f) This will shift the supply curve and the search curve to the left. So,
Equilibrium price: Can not be determined due to the magnitude of the change in seeking and providing the curve.Equilibrium Quantity: Reduce(g) This will shift the delivery curve to the left and then turn the curve to the right. So,
Equilibrium price: IncreaseEquilibrium Quantity: Not limited due to demand change size and supply curve.(h) This will shift the supply curve to the right and then turn the demand curve to the left. So,
Equilibrium price: ReduceEquilibrium Quantity: Not limited due to demand size change and supply curveHence, these are effects of the increase and decrease of the demand curve and supply curve on the equilibrium price and quantity.
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You meet a friend of yours for lunch. He is a supplier of coffee machines. While talking business, you mention to him that you've decided to use the principles of supply and demand to determine the market price for the coffee you plan to sell at your kiosk on campus. He suggests that you're making a lot of work for yourself, and you should just set your price based on the prices charged by your competitors.
However, you're apprehensive about using that approach.
Which would be the best argument in favor of your decision to use the principles of supply and demand
Final answer:
Choosing supply and demand principles to set prices for coffee at a campus kiosk takes into account variances in market conditions, such as changes in consumer preferences and supply issues, ensuring that prices can adapt to reach equilibrium without relying solely on competitors' pricing.
Explanation:
Using the principles of supply and demand to determine the market price for coffee you plan to sell at your kiosk on campus can be very beneficial. Competition indeed affects the market, but it doesn't always account for all the variances in the economy.
When you adhere to supply and demand principles, you can accurately adjust your prices based on real-time market conditions, like changes in consumer preferences or supply shortages. For instance, if the price of coffee were lowered to $2, according to the law of demand, the quantity demanded would increase, potentially creating a disequilibrium where demand exceeds supply, leading to a shortage. Conversely, when there's an excess supply due to a decrease in demand, prices would naturally fall to reach a new equilibrium.
Additionally, these adjustments of equilibrium price and quantity typically occur organically within a market-oriented economy, without much need for government intervention. An unforeseen event, such as a frost affecting the coffee crop in Brazil, might shift the supply curve of coffee to the left, causing a rise in price. Through the market's self-regulation, supply and demand will dictate the allocation and pricing, not just the singular aspect of competitor pricing. Hence, relying solely on competition and setting prices similar to your competitors may not optimally reflect the continuously changing market dynamics that supply and demand principles consider.
According to the Flow of Funds Accounts of the United States, the largest financial asset of U.S. households is ____.
Answer
Real estate
Explanation:
Real estate comprises of land and upgrades, which incorporate structures, apparatuses, streets, structures, and utility frameworks.
Business property alludes to land and structures that are utilized by organizations to do their activity.
It is the property, land, structures, air rights over the land and underground rights beneath the land. The term land implies genuine, or physical, property. "Genuine" originates from the Latin root res, or things.
The U.S. Constitution at first confined democratic rights to just proprietors of land.
On December 31, 2016, the end of Larry's Used Cars' first year of operations, the accounts receivable was $53,800. The company estimates that $1,700 of the year-end receivables will not be collected. Accounts receivable in the 2016 balance sheet will be valued at:
A. $55,500.
B. $1,700.
C. $52,100.
D. $53,800.
Answer:
accounts Receivable = $52,100
correct option is C. $52,100
Explanation:
given data
accounts receivable = $53,800
company estimates = $1,700
solution
we get here accounts Receivable that is express as
accounts Receivable = accounts receivable - company estimates ................1
accounts Receivable = $53,800 - $1,700
accounts Receivable = $53,800 - $1,700
accounts Receivable = $52,100
correct option is C. $52,100
An online investment blogger advises investing in mutual funds that have performed badly the past year because 'regression to the mean tells us that they will do well next year.'
Is he correct?
Answer:
The correct answer is: No, he is not correct.
Explanation:
Regression to the mean is a statistical phrase that tries to explains that is something happened at the first attempt, it is likely to happen again at a second attempt and if it happens at the second attempt it is because it almost happened at the first attempt.
Then, following the concept of regression to the mean, if a mutual fund performed badly on the last period, it is likely to perform even worse in the current period. Thus, the online investment blogger is wrong.
Regression to the mean doesn't assure a poorly performing mutual fund will do well in the subsequent year. Investment decisions should be based on thorough research, and an understanding of the investment vehicle and market conditions.
Explanation:The advice given by the online investment blogger is based on a concept in statistics referred to as 'regression to the mean.' This phrase says that a variable will often be less distant from the average on its subsequent measurement if it is severe on its first measurement. However, applying this principle to stock market investments is not always accurate. The performance of mutual funds in a previous year does not necessarily predict their performance in the subsequent year.
Mutual fund performance is dependent on numerous factors, including the expertise of the fund manager, the state of the economy, company performance, and sector trends. A fund doing poorly one year might improve the following year, but it could also continue to do poorly. So, it's crucial to consider more than just past performance when choosing investments.
Investment decisions should be based on thorough research and a comprehensive understanding of the investment vehicle and the market conditions, not solely on statistical phenomena like 'regression to the mean.'
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A loan's principal contains the assets you promise to give the bank if you do not repay a loan as agreed.
True or false?
Answer:
The statement is: False.
Explanation:
For banks, the principal refers to the amount due on a loan and it is used to calculate interest payments. In other words, it represents the amount of money individuals borrow. The assets individuals promise to give to banks if they cannot repay a loan is called collateral and they include houses, vehicles, investment accounts or any other valuable object.
World-class businesses use which of these systems to integrate all of a company’s worldwide functions, departments, anddata into a single system?a. Cost standardsb. Enterprise resource planningc Just-in-time managementd. Items a, b, and c are correct
Answer:
All items are correct.
Explanation:
A world-class company is one that uses several integrated factors to improve its activities and processes. Therefore, all alternatives are correct, as these companies stand out for their flexibility and ability to adapt to trends and capitalize on opportunities for their success in the market.
It is necessary that these companies adopt cost behavior patterns so that there is better control and management of the stability or instability of operating and commercial expenses when influenced by different internal and external events.
In order to meet organizational cost standards, an information system that integrates all organizational processes and data into a single system, called Enterprise Resource Planning, must be implemented in the company.
Finally, for better cost management and resource planning, it is the adoption of the just-in-time system, which is the way to produce according to demand, avoiding waste of the process, reducing inventories and making the product arrives at the right destination and at the right time, so that there is a maximum reduction of waste and a culture of continuous improvement is implemented.
On November 30, 2019, Constance purchased an apartment building for $750,000 (assume this is the Depreciable Cost excluding any Land valuation). Determine her cost recovery deduction for 2019 rounded to the nearest dollar.
Answer:
$3,412.5
Explanation:
Since the property is purchased by Constance in the month of November, therefore it was not in service for the whole year of 2019 and accordingly the cost deduction rate for the month of november which is 0.455% shall be used for the purpose of calculating Constance cost recovery deduction for the year ended 2019.
Cost recovery deduction for 2019=Purchased amount*0.455%
=$750,000*0.455%=$3,412.5
The work of the Holy Spirit in the life of the individual believer regarding the interpretation and application of Scripture is known as ________
Answer:
illumination.
Explanation:
The work of illumination of the holy spirit corresponds to the divine assistance of the ministry of the Holy Spirit so that the believer may have wisdom to understand and apply in his life the information and revelations contained in the sacred scriptures.
Reading the Bible is extremely important for believers, but according to the scripture, human understanding is not sufficient for understanding the word, so the holy spirit illuminates what is already revealed in the scriptures, so that in a reading and biblical study, there is divine interference to enter the minds of believers and provide knowledge and interpretation of the word of God, so that the bible is an instrument of salvation and faith.