Answer:
A) $94, 244
Explanation:
The agreement required 8 installment payment of $20,000 each, the first one was due on the same day the agreement was made (December 30). The December 31 balance account of the note payable equals the present value of the 7 remaining payments:
the present value factor of an ordinary annuity for 7 years ans 11% interest rate = 4.712
so the present value of the note payable = $20,000 x 4.7122 = $94,244
Chelsea Lee runs the sales division for a local auto insurance firm. One of her key duties is to ensure the company has 10 percent market share by the end of the year. When evaluating the current sales numbers, she determines that her sales division has total sales of $3 million and the entire industry has total sales of $50 million. What additional sales must Chelsea Lee's division meet to ensure they have 10 percent of the market by the end of the year?A. $2 millionB. $1 millionC. $5 millionD. $10 million
Chelsea Lee's division currently holds a 6% market share. To achieve a 10% market share, her division needs to make $5 million in sales. Therefore, the division needs an additional $2 million in sales.
Explanation:This question is asking about the concept of market share. Market share is the portion of a market controlled by a particular company or product. In this case, Chelsea Lee's division of an auto insurance firm is aiming to control 10% of the market. Currently, her division has total sales of $3 million while the entire industry's sales total $50 million. Her company's market share can be calculated as ($3 million / $50 million) x 100 = 6%.
To achieve 10% market share, the firm's sales needs to be 10% of the total industry sales. This would be calculated as $50 million x 0.10 = $5 million. Since her division currently has $3 million in sales, they would need an additional $2 million ($5 million - $3 million) in sales to achieve a 10% market share. Therefore, option A: $2 million is the correct answer.
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In 2017, Walker Company issued common stock for $200,000 cash. The company also paid cash dividends of $30,000, and issued a two-year note payable to purchase equipment for $45,000. Bonds payable increased from the issuance of bonds for $50,000 cash. The statement of cash flows should report net cash provided by financing activities of?
The statement of cash flows should report net cash provided by financing activities of $270,000, considering cash inflows and outflows related to financing activities.
Explanation:The statement of cash flows should report net cash provided by financing activities of $270,000.
To calculate net cash provided by financing activities, we need to consider the cash inflows and outflows related to financing activities. In this case, the cash inflow from the issuance of common stock is $200,000, and the cash inflow from the issuance of bonds payable is $50,000. However, there are cash outflows as well, including the payment of cash dividends of $30,000 and the issuance of a two-year note payable for $45,000 to purchase equipment.
By subtracting the cash outflows ($30,000 + $45,000) from the cash inflows ($200,000 + $50,000), we get a net cash provided by financing activities of $270,000. This amount should be reported in the statement of cash flows.
Matt, a new junior lawyer at a law firm, was closely supervised and monitored by Juan, a senior lawyer. Juan reviewed everything that Matt did and made modifications to Matt's work. However, lately, Juan has stopped monitoring Matt and supervising his work. He has also given Matt the freedom to make decisions related to his work. The given scenario is an example of _____.
a. job rotation
b. job enrichment
c. job embeddedness
d. job enlargement
Answer:
Correct option is (b)
Explanation:
Job enrichment is a motivational tool used by managers to enhance employee job satisfaction. Job enrichment can be done in many ways like giving promotions, additional responsibilities or transfer the employee to his desired location.
Here, Juan allowed Matt to make decisions and stopped supervising him. This is one of the methods of job enrichment as they are means to give Matt greater satisfaction at work.
The scenario where Matt, a junior lawyer, now has more autonomy and decision-making power in his work is an example of job enrichment. Option b) is correct.
The scenario described with Matt, a junior lawyer who was initially closely supervised and has now been given more freedom and control over his work decisions, is an example of job enrichment. Job enrichment is a technique used to redesign jobs, which gives employees more autonomy and responsibility. It contrasts with job rotation, which involves moving employees between tasks to relieve monotony but doesn't necessarily increase autonomy or responsibility. Whereas job enlargement expands the number of different tasks an employee performs, adding more variety, again without necessarily increasing their autonomy over the work.
e Securities and Exchange Commission was created by the government to protect investors and to maintain orderly and efficient markets. It is an example of a(n) _____. a. strategic partner b. regulatory agency c. competitor
Answer:
Correct option is (b)
Explanation:
Regulatory agencies are authoritative bodies established by the Government to establish, implement and supervise the standards to be followed to carry out certain activities or actions. Different fields or areas have respective regulatory agencies that oversee the activities of those establishments.
SEC or securities exchange commission is a regulatory agency established to supervise the securities market, thereby protecting investors from frauds and other malpractices.
Wizard Co. purchased two machines for $250,000 each on January 2, 2005.
The machines were put into use immediately. Machine A has a useful life of 5 years and can only be used in one research project. Machine B will be used for 2 years on a research and development project and then used by the production division for an additional 8 years. Wizard uses the straight-line method of depreciation.What amount should Wizard include in 2005 research and development expense?
A. $75,000
B. $275,000
C. $375,000
D. $500,000
Answer:
B. $275,000
Explanation:
The second machine will be depreciate over time as it can later be used for operational purposes or another research projects. The first, as can only be used for a research project It should be considered expenses for the entire amount regardless of the useful life.
Machine B useful life 10 years
depreciation expense: cost / useful life
250,000 / 10 = 25,000
machine A 250,000 + 25,000 depreciation for machine B = 275,000 total
According to Erik Erikson, in late adulthood, the individual reaches the eighth and final stage of the life span in which one reviews and evaluates one's life and the choices one has made. Erikson labeled this stage Group of answer choices integrity versus despair Keeping disorders from developing top-down processing
Answer:
integrity versus despair
Explanation:
integrity versus despair. In the integrity versus despair process, people reflect on the lives that they have been living and either have a feeling of fullness or a feeling of remorse and despair over the misperformance of their lives.
Erikson's integrity vs. Despair (1982). He is one of the few theoreticians to consider the old age as a developmental stage. This last stage of life is the conflict of dignity vs. despair. Erikson indicates that this phase commences with a mortality sensation
Final answer:
Erik Erikson's theory of psychosocial development culminates in the stage of 'Integrity vs. Despair' in late adulthood, where individuals reflect on their life and achieve either a sense of integrity or experience despair.
Explanation:
Erik Erikson’s Final Stage of Development: Integrity vs. Despair:
In the theory of psychosocial development formulated by Erik Erikson, late adulthood is characterized by the stage of integrity vs. despair. This final stage entails a process wherein individuals reflect upon their life experiences and accomplishments. Those who find satisfaction and take pride in their life's work achieve a sense of integrity, looking back with few regrets and often developing wisdom. Conversely, individuals who view their lives as unproductive or filled with missed opportunities may experience despair, leading to feelings of bitterness and hopelessness. According to Erikson, the ability to look back with satisfaction is essential to achieving a sense of peace in late adulthood.
The income statement presents
A. an explanation of the changes in the beginning and ending balances of stockholders' equity.
B. a comparison of the benefits and the sacrifices a company experiences from its operations.
C. information in three categories including operating, investing, and financial activities.
D. a list of a company's assets and the sources of those assets
Answer:
B. a comparison of the benefits and the sacrifices a company experiences from its operations.
Explanation:
The total revenues and total expenditures are reported in the income statement.
If the total income exceeds expenditure then the company earns net income And if the total income is below the total expenditure then the company has a net loss This net income or net loss would be represented in the retained earnings account statement.
Therefore, it shows a comparison between the benefits and the sacrifice made.
Which of the following ethical theories is adopted by a company that strives to act as ethically as possible, even at the expense of some additional profits, as long as the business remains profitable?a. The maximizing profits theory b. The invisible hand theory c. The moral minimum theory d. The competitive advantage theory
Answer:
c. The moral minimum theory
Explanation:
The moral minimum theory is a principle that statutes that a business should do NO intentional harm or do the minimum harm possible in order to consider its behavior the minimum required for ethical behavior.
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Final answer:
The theory consistent with a company prioritizing ethical behavior over additional profits is the moral minimum theory, which maintains a baseline of ethical conduct while ensuring profitability.
Explanation:
The ethical theory adopted by a company that strives to act as ethically as possible, even at the expense of some additional profits, is most aligned with the moral minimum theory. This theory suggests that companies should aim to do no harm, and should engage in ethical behavior even if it impacts their profits, provided they remain profitable. The theories such as maximizing profits theory, invisible hand theory, and competitive advantage theory may all entail profit maximization as a primary objective, which does not align with sacrificing profits for ethical considerations.
At the end of the term, Vicky wants to sell her economics textbook for at least $25, otherwise she would keep it. George is looking to buy a textbook because he's taking the class next term and he is willing to pay at most $60. If Vicky agrees to sell the textbook to George for $45: a) George's consumer surplus is $60 and Vicky's producer surplus is $25. b) George's consumer surplus is $20 and Vicky's producer surplus is $15. c) George's consumer surplus is $15 and Vicky's producer surplus is $20. d) George's consumer surplus is $45 and Vicky's producer surplus is $45. Save
Answer:
c) George's consumer surplus is $15 and Vicky's producer surplus is $20
Explanation:
The formula to compute the producer surplus and the consumer surplus is shown below:
Producer surplus = Market price - Actual amount to sell the goods
And, the consumer surplus = Willing to pay - Market price
So, the producer surplus
= $45 - $25
= $20
And, the consumer surplus is
= $60 - $45
= $15
Therefore, the correct option is c.
Companies and managers take a(n) _____ approach to stay within the law and abide strictly by legal requirements but make no attempt to exercise social responsibility beyond what the law dictates.
Answer:
Defensive approach
Explanation:
Many companies and managers follow a defensive strategy to stay under the radar and follow all rules and regulation of a country to stay away from legal problems. These companies stay within the law with the sole purpose of making profits. These companies or managers do not make attempts to do charity work or social responsibility they just follow the law.
Joe's income is $500, the price of food (F, y-axis) is $2 per unit, and the price of shelter (S, x-axis) is8) $100. Which of the following represents his budget constraint?
A) F = 250-505
B) S-5-02F
C) 500-2F+100S
D) All of the above.
Answer:
C) 500-2F+100S
Explanation:
Budget constraints:
Total Income = $500
Price of food = $2
Price of Shelter = $100
Quantity of food = F
Quantity of shelter = S
Expense on food = 2 x F = 2F
Expense on shelter = 100 x S = 100S
Total income = Expense on Food + Expense of Shelter
500 = 2F + 100S
This part C is wrong there is an equal sign between 500 and 2F in the original question which is attached with this answer please find that.
Cole has a cold. Although the brand-name drug is more expensive than the generic, he buys the brand-name one. Cole is familiar with the brand-name drug and knows exactly what to expect whe
Answer:
less risk
Explanation:
Note: The question appears to be incomplete. Another similar question has been attached for reference purpose and the answer provided herein is based upon that.
It is common consumer behavior of sticking to a brand name despite another lower cost option providing the same base or constituent. Particularly in case of necessities, the law of demand i.e lower price higher demand fails as consumer would prefer being exposed to lesser risk no matter whatever be the cost.
In the given case, the consumer i.e Cole prefers going with a brand name as it provides him with a higher degree of assurance as the brand has a certain reputation attached to it which the other generic option lacks.
Secondly owing to his familiarity with the drug and it's past usage experience, he has developed brand loyalty apparently.
Thus, Cole's decision is attributable to less risk.
Soft drink manufacturers face (a) ________.
A) High threat of substitutes.
B) High bargaining power of suppliers.
C) High threat of new entrants.
D) Low levels of rivalry.
E) High bargaining power of buyers.
Answer:
The correct answer is (A)
Explanation:
Soft drink manufacturing industry faces a high threat of substitutes. Not many soft drink brand exit the market but many new companies and brand enter. Similarly, that is the reason why prices of soft drink do not fluctuate as compare to other food items. The competitive environment in the soft drink industry creates a high threat of substitutes.
The correct answer is (A) High threat of substitutes.
Soft drink manufacturers face a high threat of substitutes due to significant competition from other beverages like juices, water, and energy drinks. This factor impacts their profitability by offering consumers attractive alternatives.
To identify the major issue that soft drink manufacturers face, we need to consider different aspects of the industry. Based on the provided options and the given context:
High threat of substitutes: The soft drink industry does face substantial competition from other beverage options such as juices, water, and energy drinks, presenting a high threat of substitutes.High bargaining power of suppliers: Suppliers typically have more power when there are fewer alternatives or the raw materials are highly differentiated. However, this varies within the industry.High threat of new entrants: While the industry has high entry barriers due to brand loyalty and significant capital requirements, the threat of new entrants is moderate.Low levels of rivalry: The rivalry among existing competitors in the soft drink industry is high, not low, due to the presence of dominant players like Coca-Cola and PepsiCo.High bargaining power of buyers: Consumers in the soft drink industry do have high bargaining power, as they can easily switch to different brands or beverages based on taste and price.