The average collection period of Essence of Skunk Fragrances, Ltd., is 26.5
Why is the average collection period important?An organization's average collection period is the average number of days it takes to collect and turn its accounts receivable into cash. It is one of the six key formulas used to calculate short-term liquidity, or a company's capacity to pay its obligations (current liabilities) as they become due.
The effectiveness of a company's accounts receivable management practices is indicated by the average collection period. It is crucial for businesses whose cash flows are heavily dependent on their receivables. If companies want to have enough money on hand to pay their bills, they must control their average collection period.
Given:
Average collection period = .45(10) + .55(40) = 26.5
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The complete question is:
Essence of skunk fragrances, limited, sells 9,300 units of its perfume collection each year at a price per unit of $415. all sales are on credit with terms of 1/10, net 40. the discount is taken by 45 percent of the customers. Calculate the average collection period. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
In a multiplant setting, where (Q1) is output from plant 1, and (Q2) is output from plant 2, profits are maximized where
MC1(Q1) = MC2(Q2)
In a multiplant setting, where (Q1) is output from plant 1, and (Q2) is output from plant 2, if the profit is maximized they will get thebmaximum profit from multiplant setting.
Which of the following claims about a monopolist who seeks to maximize profits is accurate?The solution that is right is option d. Setting MR = MC is necessary to maximize profit in a monopolistic competitive market. Technically, because of the downward sloping demand curve, the price exceeds marginal revenue.
Which of the following statements regarding a monopolist who seeks to maximize profits is untrue?The following is untrue when referring to a monopolist: b. In order to maximize profits, the monopolist fixes the price at the marginal cost. The number of outputs that a monopolist produces when marginal revenue equals marginal cost is used in the demand function to determine the price.
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One advantage of having a home equity loan is that
O it is interest free for the homeowner.
O it increases the value of the person's home.
the interest paid on the loan is tax deductible.
the monthly mortgage loan payments are reduced.
Answer:
he interest paid on the loan is tax deductible.
Explanation:
This means that the homeowner can potentially save money on their taxes by deducting the interest paid on the loan from their taxable income. This can make the loan more affordable and can help the homeowner to save money over the long term. Other advantages of having a home equity loan may include being able to borrow a large amount of money at a competitive interest rate and having the flexibility to use the funds for a variety of purposes.
Listen Postgame press conferences and shows are a poor place for sport organizations to encourage conversation on social media. True False
Listen, it's true that sports organizations should not promote social media conversation at postgame press conferences or broadcasts.
What is Social Media?Social networking refers to techniques where users create, distribute, and/or exchange ideas and knowledge through virtual communities and networks. Users can engage in conversations, share information, and produce content for the web via social media platforms. Social media can take many different forms, including blogs, microblogs, wikis, social networking sites, photo and video sharing websites, instant messaging, podcasts, widgets, virtual reality, and more.
What is the main purpose of media and what is social media introduction?Mass media's primary objective is communication. The goal of mass media is to reach the broadest audience possible by disseminating a lot of information. Different communication methods can be used. The media disseminates information on products, general education, health & security, and current events (i.e., advertisements).
Social media is computer-mediated technologies that enable people to see, create, and exchange knowledge, ideas, and other kinds of expression through online communities and networks. These organizations include businesses, NGOs, governments, and other groups.
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publishing changes from within view updates is not allowed, this will cause undefined behavior. swiftui mapview
Undefined behavior can cause a program to crash or even cause less obvious errors that make the program appear to be operating normally, such as silent data loss and the production of false results.
What occurs with undefined behavior?Undefined behavior can cause a program to crash or even cause less obvious errors that make the program appear to be functioning normally, including the production of false results and silent data loss.
Why is there undefined behavior?The fundamental purpose of undefined behavior is to offer the compiler flexibility when optimizing. It enables the compiler to, for instance, make assumptions about what is and is not possible without having to provide evidence for those assumptions.
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When a company sells a product for a price that is less than the cost of producing the product, it is engaging in
dumping.
licensing.
discriminating.
franchising.
dumping
When a company sells a product for a price that is less than the cost of producing the product, it is engaging in, dumping. In the world of finance, dumping occurs when a firm or a nation sells its goods abroad at a cheaper price than it does at home market.
It might appear that the dumping organization will lose a great deal of money if they charge less. The dumping enterprise is not actually losing money, hence this is not the situation.
International price differential is a common technique among multinational corporations (MNCs). They set an item's price based on what each country's consumers can afford. For instance, Tide detergent costs less than one-fifth as much in China as it does in the United States. However, the MNC will price the goods more expensively if a certain country is prepared to pay more for it.
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Support Department Allocations And Cost Drivers
Varney Corporation, a manufacturer of electronics and communications systems, allocates Computing and Communications Services Department (CCS) costs to profit centers. The following table lists the types of services and cost drivers for each service. The table also includes the budgeted cost and quantity for each service for August.
CCS Services
Cost Drivers
Budgeted Cost Budgeted Quantity
of Services
Help desk Number of calls $90,000 3,600
Network center Number of devices 120,000 1,500
Electronic mail Number of user accounts 160,000 5,000
Smartphone support Number of smartphones issued 72,000 4,000
One of the profit centers for Varney Corporation is the Communication Systems (COMM) division. Assume the following information for COMM:
COMM has 2,500 employees, of whom 20% are office employees.
All of the office employees have been issued a smartphone, and 95% of them have a computer on the network.
One hundred percent of the employees with a computer also have an email account.
The average number of help desk calls for August was 0.6 call per individual with a computer.
There are 400 additional printers, servers, and peripherals on the network beyond the personal computers.
a. Compute the service allocation rate for each of CCS’s services for August.
CCS Service Category Service Charge Rate
Help desk $25
Network center $80
Electronic mai $32
Smartphone support $18
b. Compute the allocation of CCS’s services to COMM for August.
August charges to the COMM sector :
Help desk charge $
Network center charge $
Electronic mail charge $
Smartphone support charge $
a) The computation of the service allocation rate for each of CCS’s services for August is as follows:
CCS Service
Category Service Charge Rate
Help desk $25
Network center $80
Electronic mail $32
Smartphone support $18
b) The computation of the allocation of CCS's services to COMM for August is as follows:
Help desk charges $7,125
Network center charges $110,000
Electronic mail charges $15,200
Smartphone support charges $9,000
CCS Services Cost Drivers Budgeted Budgeted
Cost Quantity
of Services
Help desk Number of calls $90,000 3,600
Network center Number of devices 120,000 1,500
Electronic mail Number of user accounts 160,000 5,000
Smartphone support Number of smartphones issued 72,000 4,000
a) Service Allocation Rates for CCS's Services:
CCS Service Category Service Charge Rate
Help desk = $25 ($90,000 ÷ 3,600)
Network center = $80 ($120,000 ÷ 1,500)
Electronic mail = $32 ($160,000 ÷ 5,000)
Smartphone support = $18 ($72,000 ÷ 4,000)
b) COMM:
The number of employees = 2,500
Office employees = 500 (2,500 x 20%)
Smartphone holders = 500
Computer holders = 475 (500 x 95%)
Email account users = 475 (475 x 100%)
Help desk calls = 285 (475 x 0.6)
The additional number of printers, servers, and peripherals = 400
The number of network devices = 1,375 (500 + 475 + 400)
Number of electronic mail user accounts = 475
Allocation of CCS's Services to COMM:
Help desk = $7,125 ($25 x 285)
Network center $110,000 ($80 x 1,375)
Electronic mail $15,200 ($32 x 475)
Smartphone support $9,000 ($18 x 500)
The total CCS cost allocated top COMM for August = $141,325
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an html attribute called "nofollow" can be used to instruct search engines not to link to unpublished pages to direct search engines away from out-of-date links to instruct search engines not to count linked-to websites as endorsements to direct search engines away from negative endorsements
The correct answer is C, An Html attribute called "no follow" can be used to instruct search engines not to count linked-to websites as endorsements.
A website endorsement is a type of online marketing strategy in which a business or brand pays an individual or organization to promote or review its product or service on its website. The endorsement can be in the form of a written review, a video testimonial, or even a simple mention or logo placement on the website. This type of marketing can be a great way to increase exposure to potential customers and increase trust in a brand, as it is seen as an unbiased opinion from an independent party.
Websites are also a great way to reach a wide range of people, as many people spend a great deal of time on the internet. Furthermore, website endorsements are an effective way to target potential customers, as the endorser can provide detailed information about the product or service being endorsed. As a result, website endorsements can be a great way to increase a business’s visibility and credibility.
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In a market economy, the MAIN incentive for entrepreneurs to take risks is the potential for
A
B
C
D
paying lower taxes.
traveling to other countries.
making a profit.
acquiring better job benefits.
The chance of making a profit is the MAIN reason why business people take risks in a market economy.
How does profit work?a significant payout Gain is the difference between the returns and the costs of a single transaction or a series of transactions. especially: the premium that commodities command over their marginal cost. 3.: Typically, net income for a specific time frame.
The importance of profit?Revenues less costs equal profit for an organization. Profitability affects a company's capacity to obtain bank funding, draw in shareholders to fund its operations, and expand its business, making it crucial for businesses to turn a profit. Without making a profit, companies are unable to continue operating.
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5. Francisco's lunch cost $5 (pre-tax) and he left a $1 tip. Was the tip greater than or less than 15%
of the pre-tax bill?
650 bat
Answer:
The tip is greater than the tax.
Explanation:
15% of $5 would be $0.75 which menas he paid an extra 25 cents.
question 1 which of the following refers to how a company arranges its employee hierarchy, divides and coordinates job tasks, and enables members of the organization to relate to one another?
c) Organizational structure refers to how a company arranges its employee hierarchy, divides and coordinates job tasks, and enables members of the organization to relate to one another.
In the field of business, the format through which a company does tasks and moves in a progressive order is referred to as the organizational structure.
The organizational structure of a company included the various job roles that are assigned to each employee in the organization, the relationships of different departments with each other, the proper managemental procedures, etc.
Without a proper organizational structure, a company will not be able to progress properly and there will be difficulties in tasks as well.
Although a part of your question is missing, you might be referring to this question:
Which of the following refers to how a company arranges its employee hierarchy, divides and coordinates job tasks, and enables members of the organization to relate to one another?
a) project management office
b) authoritative structure
c) organizational structure
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based on the fact that both james and amber increased production from the initial cartel quantity, you know that the output effect was larger than the price effect at that quantity.
True b/c the output effect increases TR when qty increases, but price effect decreases TR as qty increases. The output effect was larger because they both could individually increase revenue with higher production than cartel qty.
The concept of the price effect examines how market prices affect consumer demand. Businesses may find it useful to analyse the pricing effect when determining the price at which to sell their products and services. Buyers often buy less when prices increase and vice versa when prices decrease. An example of this is a typical price-to-demand curve.
Price effect is the shift in demand for a specific commodity or service that occurs when its price is altered. It may also be used to describe how a particular occurrence affects the price of a financial instrument.
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Recommerce is a new trend that shows that many consumers want to squeeze more value out of their possessions by selling or trading them. Which of the following is NOT a type of recommerce?
showrooming
Recommerce is a new trend that shows that many consumers want to squeeze more value out of their possessions by selling or trading them. Showrooming is NOT a type of recommerce.
A consumer is a person or a collection who intends to order, or uses bought items, products, or services commonly for personal, social, family, household and comparable desires, who isn't always directly associated with entrepreneurial or business activities.
A customer is the one who purchases the product for his/her own need and makes use of or consumes it. A purchaser cannot resell the best, product or service but can consume it to earn his/her livelihood and self-employment. Definition of customer. The client is the one who's the quit-consumer of any items or services.
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Data obtained from outside sources, when combined with a firm's proprietary internal data assets, can give the firm a competitive edge. a. Trueb. False
Data obtained from outside sources, when combined with a firm's proprietary internal data assets, can give the firm a competitive edge. Option A . TRUE.
Proprietary trading (Prop buying and selling) happens whilst a bank or company trades stocks, derivatives, bonds, commodities, or other financial instruments in its own account, the usage of its own cash as opposed to the use of clients' cash.
Proprietary buying and selling Definition: In proprietary buying and selling, investors buy and sell securities the usage of the company's personal money to make a income; the buying and selling may be directional (having a bet that a security's rate will cross up or down) or market-making (performing as each the consumer and vendor of securities and making a earnings.
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Which of the following is NOT a percentage of social security benefits subject to federal tax? Up to __________.
a. 0%
b. 50%
c. 85%
d. 100%
If you file a federal tax return as a "individual" and your "combined income" is greater than $25,000, you must pay taxes on up to 85% of your Social Security benefits. You and your spouse have "combined income" of more than $32,000 on your joint return.
Can Social Security benefits ever be fully taxed?On some of your benefits from Social Security, you must pay federal income taxes. Only when you have additional significant income on top of your benefits does this typically occur.
The federal tax rate is what percentage?The federal income tax rates are 10%, 12%, 22%, 24%, 32%, 35%, and 37% for the 2022 tax year. However, there are small inflation adjustments made to the income minimums for each group each year.
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In general, the tax rate schedules and tax tables are set up to tax higher levels of income at higher tax rates than lower levels of income.a. Trueb. False
In general, the tax rate schedules and tax tables are set up to tax higher levels of income at higher tax rates than lower levels of income. This statement is true.
How does the amount of tax revenue alter when the tax rate is raised?
Tax revenues will initially rise as tax rates are raised. Over time, a higher tax rate will erode the tax base, resulting in lower tax collections. The tax rate will have no impact on the tax base, according to the static tax analysis method of assessing how changes in tax rates affect government tax revenues.
Tax revenues will always rise with an increase in the tax rate. Consumption, investment, government purchases of goods and services, and net exports are the four main determinants of aggregate demand. The aggregate demand curve will move to the right if the overall price level declines.
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The revolution in management that is currently underway suggests that the most effective managers of the future will:
A. be very strict in their treatment of workers.
B. emphasize individual initiative rather than teamwork.
C. specialize in performing one of the four management functions.
D. emphasize team work.
Revolution in management that is currently underway suggests that the most effective managers of the future will emphasize teamwork. Hence option (D) is the answer.
What is the revolution of management?A theory suggests that the owner of a modern firm is no longer the controlling figure and has been replaced by professional management. This is linked to how less value is placed on private property and family ownership in modern capitalism.
The definition of success is changing, as are the nature of work, the relationships between companies, and the organizational structure of the company. As a result, a revolution as extensive as the one in business has taken place. If businesses do not participate in a triple revolution in management, information technology, and global markets, they will not last long.
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Which description best fits Digby in your industry? For clarity:
- A differentiator competes through good designs, high awareness, and easy accessibility.
- A cost leader competes on price by reducing costs and passing the savings to customers.
- A broad player competes in all parts of the market.
- A niche player competes in selected parts of the market.
Which of these four statements best describes this competitor?
Select: 1
a. Digby is a broad differentiator
b. Digby is a broad cost leader
c. Digby is a niche differentiator
d. Digby is a niche cost leader
The elements that set a corporation or business apart from the other participants in its field are referred to as its competitive advantage Digby in your industry.
What does industrial jargon mean?
You employ industrial jargon any time a word is used that a person in a different department would find difficult to comprehend. Industry jargon therefore includes the vocabulary that is mostly understood by a set of persons who work in a particular profession.
What is a suitable sentence for the workplace?example of an industry sentence. He was working in a field where he could do whatever he wanted. This statement cannot be made about the mass food industry of today. Sardinia's mining sector is primarily restricted to the island's south-western region.
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According to ______ theory, basic survival and security needs must be satisfied before one can move on to such higher needs such as self actualization
A. evolutionary
B. instinct
C. Maslow's
D. Wiener's
According to Maslow theory, basic survival and security needs must be satisfied before one can move on to such higher needs such as self actualization.
Explain in detail.
According to Maslow's hierarchy of needs, a theory of motivation, a person's conduct is determined by five categories of basic human needs. These needs include those for physiology, safety, love and belonging, esteem, and self-actualization.
The model of choice for illuminating the psychology of human motivation is Maslow's hierarchy of needs. It will enable you to spend less time speculating about what makes your employees tick and more time engaging in activities that inspire them.
Therefore, the correct answer is Option C.
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In natural monopoly, AC continuously declines due to economies in distribution or in production, which tends to be found in industries which face increasing returns to scale. If price were set equal to marginal cost, then:a. Price would equal average costb. price would exceed average costc. price would be below average costd. price would be at the profit maximizing level for natural monopolye. all of the above
The Correct answer for the given question is- price would be below average cost.
What is natural monopoly?A certain kind of monopoly known as a "natural monopoly" might develop when the fixed costs of distribution are exceptionally high, as when extensive infrastructure is needed to secure supply.
Infrastructure examples include the grids and cables used to deliver power, the pipes used to transport water and gas, and the train and subterranean networks. These expenses are also sunk costs and serve as a barrier to admission and leave.
Utility services constitute a natural monopoly. To cities and towns across the nation, utility monopolies offer water, sewage, electricity transmission, and energy distribution services including retail natural gas transmission.
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The ______ curve for each type of labor slopes upward, indicating that employers as a group must pay higher wage rates to obtain more workers.
The supply curve for each type of labor slopes upward, indicating that employers as a group must pay higher wage rates to obtain more workers.
The supply curve illustrates the relationship between the price of an item or service and the volume delivered over a specific time period. In a typical scenario, the amount supplied will be shown on the horizontal axis and the price will be shown on the left vertical axis. The law of supply is expressed by the supply curve, which rises from left to right: The amount supplied rises as a certain commodity's price rises (all else being equal). The supply elasticity, also known as price elasticity of supply, is the degree to which increasing prices result in increasing quantities.
The supply elasticity of soybeans is one if a 50% increase in soybean prices results in a 50% increase in the quantity produced.
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Which of the following are characteristics of advertising?
-uses various media
-non-personal communication
-it is free
-the organization paying for advertising is not identified
Advertisement includes the following factors
Uses various medianon-personal communicationExplain in detail
An advertising, sometimes referred to as an advert or ad, is typically seen as a form of public discourse that supports a good, service, organization, or event. Some people may view the phrase as going even further than that, encompassing any form of sponsored advertising intended to inform or persuade.
A sponsored type of communication that promotes a service, product, or brand is known as an advertisement. Advertisements are a tool used by marketers to assist businesses in achieving their goals and boosting profits. They frequently create adverts for particular target markets of potential consumers.
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Marc puts prices on surfboards and skateboards at his sporting goods store. He is using money as a unit of account
a. true
b. false
At his sporting goods store, True Marc lists prices for surfboards and skateboards. As a unit of account, he is utilizing money.
Public currency and checkable deposits make up M1, while savings deposits, money market mutual funds, and small time deposits are added to M2. Deposits made to savings and checking accounts are also included in MZM.
The Federal Reserve manages the money supply in what way?
The Fed can impact the cash supply by changing store prerequisites, which for the most part alludes to how much subsidizes banks should hold against stores in financial balances. By bringing down the save prerequisites, banks can credit more cash, which builds the general stock of cash in the economy.
What in economics is M1?
Currency that is not held in depository institutions, the Federal Reserve Banks, or the Treasury of the United States; 2) cash items are reduced in the process of demand deposits at commercial banks (excluding amounts held by depository institutions, the United States government, and foreign banks and official institutions).
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The government of a country has decided to lower income taxes in an attempt to expand the economy to the full-employment output level. Assume the policy is successful. Shift the appropriate curve to the correct position.
The use of taxation and spending by the government to impact the economy is known as fiscal policy. Fiscal policy is typically used by governments to encourage robust, long-term growth and lower poverty.
How does fiscal policy work?Monetary and fiscal policy are the two main instruments at the disposal of policymakers when they seek to affect the economy. By modifying interest rates, bank reserve requirements, the purchase and sale of government securities, and the exchange of foreign currency, central banks can indirectly target activity by affecting the money supply. The amount and nature of taxes, the amount and make-up of spending, and the amount and type of borrowing are all ways that governments affect the economy.The use of resources in the economy is influenced by governments both directly and indirectly. To understand how this occurs, consider the following basic national income accounting equation, which compares expenditures to an economy's output (or GDP):GDP is calculated as follows: C + I + G + NX.
GDP, which represents the total cost of all finished goods and services produced in the economy, is shown on the left. Private consumption (C), private investment (I), government purchases of goods and services (G), and exports less imports (E-I) are the sources of aggregate spending or demand on the right side. This equation demonstrates how governments have an impact on economic activity (GDP), controlling G directly and affecting C, I, and NX indirectly through adjustments to taxes, transfers, and spending. Fiscal policy is frequently referred to as expansionary or "loose" if it increases aggregate demand directly through an increase in government spending; in contrast, fiscal policy is frequently referred to as contractionary or "tight" if it decreases demand through lower spending.The Complete Question is Fiscal policy.
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Example 3: Threat’s Repair Shop was started on May 1 by Erica Threat. A summary of May
transactions is presented below.
1. Invested $10,000 cash to start the repair shop.
2. Purchased equipment for $5,000 cash.
3. Paid $400 cash for May office rent.
4. Paid $500 cash for supplies.
5. Incurred $250 of advertising costs in the Beacon News on account.
6. Received $6,100 in cash from customers for repair service.
7. Withdrew $1,000 cash for personal use.
8. Paid part-time employee salaries $2,000.
9. Paid utility bills $170.
10. Provided repair service on account to customers $750.
11. Collected cash of $120 for services billed in transaction (10).
Instructions
(a) Prepare a tabular analysis of the transactions, using the following column headings: Cash,
Accounts Receivable, Supplies, Equipment, Accounts Payable, Owner’s Capital, Owner’s
Drawings, Revenues, and Expenses.
(b) From an analysis of the owner’s equity columns, compute the net income or net loss for May
The net income of the owner of Threat’s Repair Shop that was started on May 1 by Erica Threat is $4030.
Explain the term liability.An obligation that an individual or organization has, typically one that is financial in nature, is known as a liability. Liabilities are eventually settled through the exchange of financial rewards like money, products, or services. Debts like loans, accounts payable, mortgages, deferred revenue, bonds, warranties, and accrued expenses are examples of liabilities that are listed on the right side of a balance sheet.
Assets can be contrasted with liabilities. Liabilities are debts or other obligations, whereas assets are things you own or owe money to. An obligation between two parties that hasn't been fulfilled or paid for generally qualifies as a liability.
To solve the question :
a. The tabular analysis of the transactions, using the following column headings: Cash, Accounts Receivable, Supplies, Equipment, Accounts Payable, Owner’s Capital, Owner’s Drawings, Revenues, and Expenses is attached.
b. Threat's Repair Shop Income Statement For the Month Ended May 31
Revenues = $6100 + $750 = $6850
Less: Expenses = 400 + 250 + 2000 + 170 = 2820
Net Income = $4030
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Refer to the graph of production possibilities frontiers for Taiwan and Japan. Both nations will gain from trade when 1 pair of rain boots trades for _____ microchip(s).
Refer to the graph of production possibilities frontiers for Taiwan and Japan. Both nations will gain from trade when 1 pair of rain boots trades for 1.5 microchip(s). option D.
How to calculate production possibilities?For Taiwan, maximum microchip = 600 and maximum rain boots = 1,200
For Japan, maximum microchip = 1,600 and maximum rain boots = 800
Opportunity cost for microchip in Taiwan = 1200/600 = 2 rain boots
Opportunity cost for microchip in Japan = 800/1600 = 1/2 or 0.5 rain boots
Opportunity cost for rain boots in Taiwan = 600/1200 = 1/2 or 0.5 microchips
Opportunity cost for rain boots in Japan = 1600/800= 2 microchips
Japan has a comparative advantage in microchips while Taiwan has same advantage in rain boots.
Selling rain boot by Taiwan to Japan at a price greater than the opportunity cost becomes 2 - 1/2 = 1.5.
The production possibility for microchips is 1.5 form Taiwan's price greater than half rain boots of Japan's and Japan willing to buy rain boots at a price greater than 2 rain boots.
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which of the following tactics is not offered as advice on how to deal with an opponent who brings negative emotion to the negotiating table?
Anchor and adjust the reference point brings negative emotion to the negotiating table.
To ensure that they fully understand one another, speakers engage in a process known as meaning negotiation. The negotiation of meaning can be accomplished by asking for clarification, rephrasing, and confirming your understanding.
A few of the various agreements you might be involved in include negotiating a job offer, asking for a raise, arguing for a budget increase, buying and selling property or equipment, and finalizing a sale with a client.
A shared logical solution can be reached by two or more parties with the assistance of inherent negotiation abilities. You may need to use your negotiation abilities at work in a variety of situations, such as when you are negotiating a wage increase with the HR manager following a promotion.
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the loss from abnormal spoilage account would appear . question 32 options: as a detailed item in the retained earnings schedule of a balance sheet on a balance sheet as a deduction from the cost of goods sold as a separate line item on an income statement
The loss from abnormal spoilage account would appear as a separate line item on an income statement.
What is account?Accounting is the practice and study of maintaining financial records and transactions, including income, expenses, and the recording of assets and liabilities. It includes the preparation of financial statements, bookkeeping, and the analysis and interpretation of financial data. Accountants use a variety of methods to analyze financial data such as financial ratios, trend analysis, forecasting, budgeting, and cost/benefit analysis. By understanding the financial data, accountants can provide advice on how to make decisions that will improve the financial health of a business. Accountants also play a major role in ensuring that businesses comply with relevant laws and regulations.
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The pay ratio reporting policy, as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, requires that companies report the ratio of their average worker's pay to that of
the CEO
The pay ratio reporting policy, as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, requires that companies report the ratio of their average worker's pay to that of
: the CEO
Dodd-Frank Act The Wall Street Reform and Consumer Protection Act, also known as Dodd-Frank, is a federal law that was passed on July 21, 2010, in the United States. Dodd-Frank, the broadest overhaul of Wall Street in history, will stop the excessive risk-taking that caused the financial catastrophe. The measure also offers rational safeguards for American families, establishing a new consumer watchdog to stop mortgage lenders and payday lenders from taking advantage of them. Dodd-Frank is a piece of legislation that was passed in 2010 to give regulators the tools they need to make sure that no Wall Street firm grows too large, complex, or risky in order to endanger the world economy.
It also protects consumers from the unfair and deceptive practices and products that caused the 2008 financial crisis.
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Sales returns and trade discounts are both examples of variable consideration that must be accounted for when receivables are recognized.a. Trueb. False
Sales returns and trade discounts are both examples of variable considerations that must be accounted for when receivables are recognized . FALSE
A sales return is while a consumer or customer sends a product lower back to the seller. A client may return an item for several motives, consisting of: extra amount: A patron may additionally have ordered extra gadgets than they need, or a company may have by accident despatched additional products.
An income go back is merchandise sent returned by means of a consumer to the vendor. The go-back is typically due to the fact an extra amount changed into both ordered or shipped, or because of faulty items.
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A company sells a product for $3. The company prepares a flexible budget at two sales volumes. At a sales volume of 50 units, budgeted sales will be $___________. At a sales volume of 60 units, budgeted sales will be $__________.
($3 x 50 units) = $150
($3 x 60 units) = $180
A single estimate of sales serves as the foundation for a fixed budget. Display the revenues and expenses that ought to have occurred at the actual activity level.
($3 x 50 units) equals $150;
($3 x 60 units) equals $180.
What is the first step in creating a budget that is adaptable?The initial step to making an adaptable financial plan is distinguishing fixed costs — costs that will constantly be the equivalent paying little mind to how well a business is performing.
How is the cost of a flexible budget calculated?First, multiply the variable cost by the actual number of units produced to create a flexible budget. The budget might be $5,000, for instance, if you produced 100 units at a cost of $5 per unit. You might anticipate selling up to 150 units given that you have a flexible budget and produce more units.
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