Answer:
2) No. The goods are not a medium of exchange.
3) No. The goods are not a store of value.
Explanation:
The goods that Mademoiselle Zelie received were not a medium of exchange and are not a means for storing value. Maybe they could qualify as a medium of exchange for local residents, but not for Mademoiselle Zelie.
The four functions of money are:
serve as a medium of exchange serve as a unit of accountserve as a store of valueserve as a standard of deferred paymentSuppose that factories in Chicago, Illinois, and Gary, Indiana, produce pollution thataffects people living in western Michigan. Even though the polluting plants and affectedindividuals can be identified, the externality cannot be resolved privately because of thelarge number of both polluters and affected individuals. This is an example of:
A)the assignment problem.
B)the free rider problem.
C)Crowding out of pollution
D)transaction costs and negotiating problems.
Answer:
D)
Explanation:
transaction costs and negotiating problems
Since the factories cannot come to common agreement and solve the pollution issue, the correct answer is transaction costs and negotiating problems
Xiu Li believes that her sales force should sell by identifying prospective clients, such as the Coffee Collective, providing them with information, persuading them to buy, closing the deal, and then following up with them after the purchase. This type of salesperson is referred to as a(n)__________.
a. inside order taker
b. order getter
c. order clerk
d. consultant
Answer:
This type of salesperson is referred to as a order getter.
Explanation:
An order getter is the salesperson that mostly fits the description given in the question. An order getter goes out to meet prospective clients, convinces them that the product is best to solve their business needs and also helps with post-sales activities.
In comparison, an inside order takes sales orders and is not required to be the one making sales. Also, an order clerk receives customer orders and handles payments.
A consultant could also perform the tasks mentioned in the question but his duties could go beyond that and would require more experience and skill across a wider region.
If you invest $3,000 in an investment account paying 3% interest compounded weekly, how much will the account be worth in 10 years
Answer:
$4049.23
Explanation:
Data provided in the question:
Principle amount = $3,000
Interest rate = 3% compounded monthly = 0.03
Time = 10 years
Now,
Number of compounding periods in a year = 52 [as 1 year have 52 weeks ]
Using the formula of compounding
Future value = Principle × [tex][1 + \frac{r}{n}]^{n\times t}[/tex]
Here,
r is the interest rate
n is the number of compounding periods
t is the time in years
Therefore,
Future value = $3,000 × [tex][1 + \frac{0.03}{52}]^{52\times 10}[/tex]
or
Future value = $3,000 × 1.3497
or
Future value = $4049.23
Bedrock Company reported a December 31 ending inventory balance of $412,000. The following additional information is also available:
1. The ending inventory balance of $412,000 included $72,000 of consigned inventory for which Bedrock was the consignor.
2. The ending inventory balance of $412,000 included $22,000 of office supplies that were stored in the warehouse and were to be used by the company's supervisors and managers during the coming year.
3. Based on this information, the correct balance for ending inventory on December 31 is:
A. $412,000
B. $340,000
C. $318,000
D. $362,000
E. $390,000
Answer:
A. $412,000
Explanation:
Consignments($72,000) are usually owned by the consignor until the consignee sells or uses the goods. Hence the proper treatment is to record the goods as the property of Bedrock company.
Office supplies of $22,000 represents goods to be used in future. Failing to record this stock value without reporting the associated value(revenue) is not be permissible. Since you cannot record a future or expected activity, it is proper to report the stock value of $22,000 as closing inventory.
Langston will pay $575 to three different credit cards: Expert Card, Passport, and US Speedy. She will pay three times as much to Expert Card as US Speedy since it has a higher balance. She also expects the Passport payment to be only 15% of the total of the other two payments. How much will Langston pay towards the Passport credit card balance?
Answer:
$75
Explanation:
Let, the payment made towards US Speedy credit card be 'U'
Therefore,
According to the question:
Payment made towards Express credit card, E = 3U
Total for the two cards = U + E
= U + 3U
= 4U
also,
Payment made towards passport credit card = 15% of 4U
= 0.15 × 4U
= 0.6U
Given: Total payment made = $575
Therefore,
E + U + 0.6 U = $575
or
3U + U + 0.6U = $575
or
4.6U = $575
or
U = $125
Hence,
Payment made towards passport credit card = 0.6U
= 0.6 × $125
= $75
To determine how much Langston will pay toward the Passport credit card balance, one must first define a variable for one of the payments, then express the others in terms of this variable and use the given conditions to solve for the variable.
The question deals with allocating a fixed total payment among three credit cards, with specified conditions for the distribution. We're given that Langston will pay $575 in total to Expert Card, Passport, and US Speedy. She will pay three times as much to Expert Card as to US Speedy, and the payment towards Passport is 15% of the sum of the payments to the other two cards. Let's denote the payment to US Speedy as x. Therefore, payment to Expert Card will be 3x. Since the Passport payment is 15% of the total of other two, it will be 0.15(3x + x) = 0.15(4x). The sum of all these payments is $575, so we have the equation: x + 3x + 0.15(4x) = $575. Solving for x gives the amount Langston will pay each card.
The function of a primary election is to choose the two candidates with the most votes who will then face off in the general election. choose one candidate from each party with the most votes who will face off in the general election. choose the candidates in each party receiving more than 50 percent of the vote to face off in the general election. choose the candidate with the most votes over 50 percent who wins the election and there is no general election.
Answer:
The function of a primary election is to choose one candidate from each party with the most votes who will face off in the general election.
Explanation:
Both the Democratic and Republican parties hold primary elections in order to choose one candidate (from each party) that will face the candidate of the other party in a general election.
For example, the Democratic primaries will take place between February and June 2020. 3,979 pledged delegates will be elected to participate in the Democratic National Convention where the Democratic presidential candidate will be voted.
Answer:
B. choose one candidate from each party with the most votes who will face off in the general election.
Explanation:
Edge
France, in addition to its occasional stabs at strategic trade policy, pursues an active nationalist cultural policy, promoting French art, music, fashion, cuisine, and so on. This may be primarily a matter of attempting to preserve a national identity in an increasingly homogeneous world, but some French officials also defend this policy on economic grounds. In what sense could some features of such a policy be defended as a kind of strategic trade policy?
Answer
Explanation:
Some features of such policy can be defended as a kind of strategic trade policy through supporting the French culture as it would further advance industries and tourism that promotes the French culture such as the fabrics industries and the vin de table (wine) industries.
Final answer:
France's nationalist cultural policy can be defended as a kind of strategic trade policy, as it promotes French industries and attracts tourists and consumers from around the world, benefiting the economy.
Explanation:
France, in addition to its occasional stabs at strategic trade policy, pursues an active nationalist cultural policy, promoting French art, music, fashion, cuisine, and so on. Some features of this policy can be defended as a kind of strategic trade policy because it helps protect and promote French industries that are important for national identity and economic growth. By promoting French culture and products, France can create a unique brand image and attract tourists and consumers from around the world, which can boost the economy. For example, the promotion of French cuisine can lead to increased export of French wines and food products, benefiting the agricultural and food industries in France.
Around the world, various brands of personal computers are sold with Pentium processors. This fact is often used as a selling point, with advertising that proclaims "Intel Inside." Which branding concept does such advertising reflect?A. Brand ImageB. Brand EquityC. Co-BrandingD. Tiered BrandingE. Brand Extension
Answer:
C. Co-Branding
Explanation:
Co-branding is a marketing strategy or a strategic alliance where there are multiple brand names jointly used on a product or a service. It involves the synergy of the unique strengths and selling-points of many brands to create a single but attractive product.
Co-branding is also known as brand partnership and it involves at least two companies collaborating on a product. Although, it can be more than two companies. It makes use of brand tools such as identifiers, unique colour schemes and logos to put the identity of various co-operating brands on a product.
Therefore, the partnership between HP or Dell for instance, that shows "intel inside", "Windows 10" and "Nvidia G-Force" is basically a strategic alliance amongst at least 4 brands (Dell or HP- the maker of the machine's body, Intel- the Central Processing Unit, Microsoft-the operating system and Nvidia- the Graphics Processing Unit) to create a good product that appeals to customers globally.
Co-branding is not unique to computer products only. It can be used by many businessess including car makers, retailers, manufacturers to incrase their profitability, save cost, increase market share and customer loyalty among many other benefits.
Treasury stock that was purchased for $2,500 is sold for $3,000. As a result of these two transactions combined, a.stockholders' equity will not change, because the amount of authorized stock has not changed. b.stockholders' equity will be increased by $500. c.income will be increased by $500. d.stockholders' equity will be increased by $3,000.
Answer:
Correct option is (b)
Explanation:
Treasury stock refers to the stock that is bought back by the organization to reduce the number of shares held by investors.
Purchase of treasury stock will not increase or decrease stockholder's equity, but if treasury stock is sold and gain is realized in the transaction, then such income will increase stockholder's equity by that amount.
here, treasury stock was purchased for $2,500 and sold for $3,000. Resultant income of $500 (3,000 - 2,500) will increase stockholder's equity by $500.
Which statement best describes how the International Ethics Standards Board for Accountants' (IESBA) Code impacts the U.S. accounting profession? CPAs in public practice in the U.S. are required to apply the IESBA code, even if they don't perform services outside the U.S. State boards of accountancy are required to adopt the IFAC's rules within 90 days of an IESBA rule change. As a member body of IFAC, the AICPA is required to change its bylaws whenever the IESBA changes its rules. The AICPA is required to adopt ethics standards that are at least as restrictive as the IESBA rules.
The AICPA is required to adopt ethics standards that are at least as restrictive as the IESBA rules , The Last Statement describes how the International Ethics Standards Board for Accountants' (IESBA) Code impacts the U.S. accounting profession
Explanation:
In February 2017, the AICPA Executive board on Professional Ethics decided to suggest changes to the system of professional conduct requiring certain measures when members are aware of non-compliance with legislation or regulations related to their involvement or employment.
IESBA also created a structure for accountants to follow the IESBA Professional Accountants ' Code of Ethics–in particular the problem of the tension between sharing non-compatibility with appropriate people and keeping client or contractor knowledge confidential— while hearing of unlawful acts under the new standard. The application of this code has been called NOCLAR. The recommendation from the AICPA is largely in line with the IESBA system, but significant differences do remain.
Final answer:
The AICPA is required to adopt ethics standards that are at least as restrictive as the IESBA rules, and while the AICPA is a member of the IFAC, CPAs in the U.S. follow the AICPA and FASB's GAAP regulations.
Explanation:
Among the choices provided, the statement that best describes how the International Ethics Standards Board for Accountants' (IESBA) Code impacts the U.S. accounting profession is: The AICPA is required to adopt ethics standards that are at least as restrictive as the IESBA rules. The American Institute of Certified Public Accountants (AICPA) is a member of the International Federation of Accountants (IFAC), and as such, it adheres to the international standards but has its own set of ethics rules through its Professional Code of Conduct. It is noteworthy that the CPA profession in the U.S. follows the rules set forth by the AICPA and the United States generally accepts accounting principles (GAAP), which are established by the Financial Accounting Standards Board (FASB), rather than directly applying the IESBA Code.
While arguing with a coworker, it is best to point out mistakes immediately so that you do not forget something later.1. True 2. False
Answer:
the correct answer False
good luck
Joan Kerry, an American national, worked as a senior manager in her firm's headquarters in New Jersey. When her firm opened a new office in San Francisco, she was transferred to California
Soon, she started feeling like an immigrant in her own country owing to the differences in attitudes and lifestyle between New Jersey and California. Joan is most likely experiencing ________.
A) segregation
B) subculture shock
C) social distance
D) power distance
Answer:
B) Subculture shock
Explanation:
Culture shock is where one feels out of place due to a difference in their present environment from their previous environment brought about by differences in the attitudes and practices of people in their present environment. Joan is clearly experiencing subculture shock since her feeling of disorientation stems from the difference in practices and attitudes of Californian people, fitting our description of subculture shock. It is "subculture" since the people in California are still Americans though different from New Jersey inhabitants. She is not experiencing segregation as we are not told that she is in any way receiving a different sort of treatment from others based on any grounds whatsoever.
provides information to coordinate all of the business processes that deal with customers in sales, marketing, and service to optimize revenue, customer satisfaction, and customer retention.
Answer:
Customer Relationship Management (CRM)
Explanation:
The customer relationship management deals with managing the relationship with the customers so that the company satisfies its customer to a large extent. The motive of CRM is to gain maximum customer satisfaction so that it can retain its customers for longer time. It can be done in the following ways
1. Deliver the goods at pre-decided time and location
2. Providing them excellent services and offering them great discounts so that the company can achieve its sales target which helps the company to achieve its goals in a specified time period.
One year ago, the going rate on bonds was 6% and a client purchased 6% bonds. This year, newly issued bonds are paying a coupon of 7%. The bonds purchased by the customer last year will be trading:
[A] at a discount[B] at a premium[C] at par[D] flat
Answer:
A) At a Discount
Explanation:
When a bond is paying less than on going interest rate, so the bond is trading at discount (less than par value) in order to smoothen the effect of reduced interest rate on offer.
Trading price of the bond is calculated such that yield to maturity* of discounted bond is equal to what is being offered by on the run bonds.
*Yield to maturity is defined as total rate of return on the bond if it is held till maturity and all the payments made as scheduled and reinvested at the same rate offered.
The amount by which a project increases the value of the firm is given by which of the following?A. The project's accounting rate of returnB. The project's net present value (NPV).C. The project's internal rate of return (IRR).D. The project's present value.
Answer:
B. The project's net present value (NPV)
Explanation:
A. The accounting rate of return is computed below:
= Annual net income ÷ average investment
where,
the average investment would be
= (Initial investment + salvage value) ÷ 2
It is used to measure the profitability based on the return after computing it.
B. In this net present value approach, it subtracts the initial investment from the discounted cash inflows of the present value. If the sum is positive than the project, otherwise it is not beneficial to the company.
C. The internal rate of return is the return in which the net present value is zero, meaning that the initial investment is equal to the present value of the annual cash flows after taking into account the discount factor
D. The present value does not give the absolute value about the increasing amount of the project
Above all the explanations, the appropriate answer is B.
Which of the following is notpart of the task of identifying the strategic issues and problems that merit front-burner managerial attention?
A) Analyzing the company’s external environment
B) Evaluating the company’s own resources and competitive position
C) Surveying a company’s board members, managers, select employees, and key investors regarding what strategic issues they think the company faces
D) Developing a "worry list" of "how to…," "whether to….," and "what to do about….."
E) Assessing what challenges the company has to overcome in order to be financially and competitively successful in the years ahead
Answer:
C)
Explanation:
Surveying a company´s board members, managers, select employees, and key investors regarding what strategic issues they think the company faces.
Dr. Tylka is studying the way that people value relationships. For the purpose of her study, she defines an interest in relationships as "the number of people with whom you have had a conversation that is not related to work activities in the past 48 hours." This process of defining the variable of interest is called ________.
Answer:
Operationalization
Explanation:
Operationalization refers to the process of defining the measurement of a phenomenon that is not directly measurable, though its existence is inferred by other phenomena. Dr. Tylka studies the way that people value relationships but she derived a subjective social variable that was based on her own personal opinion and feelings. Her opinions was inferred from her previous studies whose existence was deduced by other phenomena.
Turbine Manufacturing uses artificial intelligence in its factories to automate basic tasks, freeing human employees to perform more high-level finishing and quality assurance tasks. Which area of artificial intelligence does this illustrate?a. Assisted intelligence
b. Augmented intelligence
c. Applied intelligence
d. Autonomous intelligence
Answer: (A) Assisted intelligence
Explanation:
Assisted intelligence is refers to the process in which does not required any type of specialized data for performing the various types of tasks in an organization.
The assisted intelligence is also known as the artificial intelligence.
According to the question, the turbine manufacturing using the artificial intelligence for automate the various types of basic tasks and the employees are performing the high quality assurances and high finishing quality tasks.
Therefore, Option (A) is correct.
Answer:
it is a microwork
Explanation:
Fact Pattern 10-1 Ambrose enters into a contract to buy 350 acres from Belle Vista Farms to cultivate grapes and open a winery. Refer to Fact Pattern 10-31 If Ambrose breaches the contract, Belle Vista's remedy would most likely be________.
Answer:
specific performance.
Explanation:
In contract law, specific performance refers to a legal remedy ordered by a court in order to compensate the non-breaching party. This remedy should result in the injured party holding a financial position equal to the position that should have resulted from the performance of the contract.
In other words, Ambrose must either purchase the 350 acres or pay an amount of money that would improve Belle Vista's financial position in the same way as the selling of the land would have.
The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 45,000 shares were originally issued and 5,000 were subsequently reaquired. What is the amount of cash dividends to be paid if a $2 per share dividend is declared? (Points: 2)
1. $80,0002. $10,0003. $90,0004. $100,000
Answer:
amount of cash dividend paid = $80000
so correct option is 1. $80,000
Explanation:
given data
common stock = 100,000 shares
shares issued = 45,000
subsequently reaquired = 5,000
dividend= $2 per share
to find out
What is the amount of cash dividends
solution
first we get here no of share outstanding that is
no of share outstanding = shares issued - subsequently reaquired .........1
no of share outstanding = 45000 - 5000
no of share outstanding = 40000 shares
and
now we get amount of cash dividend paid here as
amount of cash dividend paid = outstanding share × dividend share ...........2
amount of cash dividend paid = 40000 × $2
amount of cash dividend paid = $80000
so correct option is 1. $80,000
Compared to consumers, producers will lose the lesser amount of surplus from a tax if:
Answer: Supply is more elastic than demand
Explanation:
Elastic demand means if there is an increase in price then the quantity demanded will decrease. Percentage change in price results in a percentage change in quantity.
If supply is more elastic then that would mean the producers are getting affected. Because a change in price would affect the quantity demanded and hence would affect the supply of the product. Taxes would mean the producers would have to increase the price of the product hence, affected producer surplus and decreasing the demand of the product.
A homesteaded property is located in Pensacola, Florida, in Escambia County. The city tax rate is 8.8 mills, the county tax rate is 9.2 mills, and the school district tax rate is 6.5 mills. The homeowner is a widower and has qualified for homestead exemption. The home has been assessed at $183,500.. How much will the owner pay in property taxes?
Property taxes in Pensacola, Florida are calculated by combining city, county, and school district tax rates with the assessed property value.
Explanation:Property taxes are calculated by multiplying the assessed value of the property by the tax rates of the city, county, and school district. In this case, the total property tax amount can be computed by adding up the taxes from each entity. The homeowner in Pensacola, Florida, will pay property taxes based on the assessed value and the millage rates of 8.8 mills for the city, 9.2 mills for the county, and 6.5 mills for the school district.
A taxpayer cashes in a certificate of deposit early and incurs a penalty. Where is the penalty deducted from income?
Answer:
this question is incorrect.
Explanation:
if u pay early an incentive should be given.In comparison to the buying pattern of final consumers, the purchasing behavior of organizational buyers is
Answer:
first and foremost influenced by the economic needs that they have for quality and reliability.
Explanation:
Based on the information provided within the question it can be said that the the purchasing behavior of organizational buyers is first and foremost influenced by the economic needs that they have for quality and reliability. Since consumers want to purchase a product they can trust that will not fail after purchase and will get the job that it is suppose to do, done.
Answer: is primarily influenced by economic needs.
Explanation: Customers usually evaluate their purchasing power before actually deciding which product to purchase and why. Purchasing power is the financial ability the customer has to buy a product or service. Economic factors are the main influence of any buying decision. This is naturally because people need cash to buy what they want. So they cannot buy what they cannot afford. Thus a factor to look at within this section is affordability. Other factors to consider are also the quality of the products as well as how reliable they are.
When the U.S. aggregate demand curve shifted to the left during the Great Depression
a. Real gross domestic product (GDP) increased.
b. Tax rate decreased.
c. The money supply increased.
d. Real GDP decreased.
e. The price level increased.
Answer:
The correct answer is option d.
Explanation:
The aggregate demand comprises of consumption spending, government spending, investment spending and net exports. The AD curve is downward sloping curve.
A leftward shift in the aggregate demand curve means a decrease in the aggregate demand. A decrease in the aggrgate demand menas a decline in the GDP.
Unidice, an information technology firm, recently installed a new data system that provides seamless access to data. This data system has a higher storage capacity and processing speed than other data systems available in the market. Although the data system can be acquired by other companies in the future, it has presently enabled Unidice to process its data faster and in a more economical manner than its competitors. It is evident that Unidice has achieved _____.
Answer:
first-mover advantage
Explanation:
First-mover advantage refers to the strategic advantage achieved by the first company that occupies a market segment. In order for a company to gain first-mover advantage it must be the first company to enter a market or at least be the first company to gain competitive advantage in that market.
Unidice is the first company to gain competitive advantage in the data system market because its processing speed is much higher than its competitors.
Sometimes you don't need to be the first one to enter a market, but you need to be the first one to do things right. For example, Microsoft introduced the Surface tablet almost a decade before Apple introduced the iPad, but Apple did it right, therefore Apple gained first mover advantage.
Calculating the rate of return allows you to determine: ________.
A. If an individual is qualified to purchase an investment
B. The interest rate on the investment
C. If the investment is earning enough to meet or exeed your investment goals
D. The total cost of the investment
Answer:
The answer is C. If the investment is earning enough to meet or exceed your investment goals
Explanation:
Rate of return is calculated by dividing the return you receive on your investment by the initial cost of the investment and then by multiplying it by 100.
Simply, this shows you how much you've received out of the investment you made initially.
So, a 10% rate of return means you have received 1/10th out of the initial investment and that at this rate, it will take 10 years to cover the cost of the initial investment.
Green Corporation has current earnings and profits of $100,000 and negative accumulated earnings and profits of ($200,000). A $50,000 distribution from Green to its sole shareholder will not be treated as a dividend because total earnings and profits is a negative $100,000.
Answer:
False
Explanation:
Green's distribution of $50,000 in to its sole shareholder at the end of the year should be treated as a dividend because Green's total earnings and profits for the year were $100,000.
A distribution from a corporation to a shareholder can only be treated as a dividend when the corporation made a profit during the current year, or has positive accumulated earnings and profits.
The intentional use of certain tactics to coerce, influence, or change others is known as ____.A. ManipulationB. SelectionC. TransferenceD. Evocation
Answer: Manipulation
Explanation: Manipulation refers to a way of social influence aimed at changing the actions or attitudes of others by means of indirect, manipulative or unethical tactics. By promoting the desires of a manipulator, mostly at the detriment of others, these techniques could be viewed as immoral and diabolical.
In other words, it refers to making someone to do any work as per someone else's desire. Manipulation refers to shaping and directing others for accomplishing a task. Politicians, media channels and spiritual leaders are seen as the most common and strong manipulators of present world.
The ninth worker adds 25 units to total production. The tenth worker adds 22 units to total production. The company has:___________.
Answer:
Diminishing returns
Explanation:
A firm producing widgets (term for a generic good) has two factors of production. The factory and labour. The capacity of the factory is fixed, and the marginal cost (MC) of labour is the same (i.e. each new worker will cost the same).
There are two stages to how MC is affected.
1. Increasing returns (MC goes down)
As output begins to increase, the large manufacturing processes/equipment still not fully utilised means and the additional labour can be productive as they can always use the equipment to its full potential due to which the MC is relatively low.
2. Constant returns (MC goes sideward)
At this point, labour is producing its optimal output per unit. The marginal cost is therefore at its lowest.
3. Diminishing returns (MC goes up)
The more labour that is employed, the less marginal output it is able to produce. This could be a result of too many people to efficiently operate/ rotate use of machinery. The cost increases more and more to generate an extra unit of output, because of labour exhibiting diminishing returns in the short run.
In this question, the 10th worker has added 22 units which is 3 units less than the number of units added by the 9th worker, thus the company is producing less marginal output for each worker. so based on the above discussion it can be concluded that the company has Diminishing returns.