Positive economics avoids value judgments, tries to establish scientific statements about economic behavior, and deals with actual economic events.
What is positive economics?Positive Economics is objective and statements are usually based on facts and economic theory. They can be tested.
For example, when the price of a good increases, it is expected that if the good is a normal good, the quantity demanded would decline. This is an example of positive economics.
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A manufacturing company has a pay structure based on job descriptions. As the company moves toward customizing production to meet customers' specific needs, it finds that managers are lacking flexibility in both job assignments as well as awarding pay increases to their employees. It has decided to reduce the number of levels in their job structure in order to increase their flexibility. This is called
Reducing levels in job structure in order to increase their flexibility is job enrichment.
What is Job enrichment?Job enrichment involves creating challenges to make work more interesting, and increasing the skills required to carry out jobs that will ultimately lead to higher pay.
However, Job enlargement is raising the scope of work at a particular Job level.
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Kyle liked to think he could program anything digital. He created a new video game, and a major industry firm wanted to buy it from him. He was bothered by their insistence that he modify the game by including a popular product's logo on the clothing of his main character. In this example, Kyle is concerned about the practice of ________.
"Kyle liked to think he could program anything digital. He created a new video game, and a major industry firm wanted to buy it from him...." Kyle is concerned about the practice of advergaming. This is further explained below.
What is advergaming?Generally, advergaming is simply defined as Advergaming refers to the practice of using video games to promote real-world businesses and goods.
In conclusion, "Kyle fantasized of being able to program anything electronically. He developed a new video game, and a huge corporation wanted to acquire it...." Kyle has reservations about the practice of advertisement gaming.
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Consider the information below for an individual:
Home valued at $250,000
Mortgage balance of $150,000
Auto worth $25,000
$15,000 auto loan
New household furnishings valued at $5,000
$4.500 loan for furniture
Retirement account of $45,000
$1,500 in emergency savings
$500 in checking
$1500 in a CD
$15,000 credit cards balances
$500 per month for student loans; current balance is $25,000
$100 per month gym membership
Using the information above, respond to all of the following:
1. Determine this individual's net worth. Explain.
2. Identify any expenses that are not liabilities.
3.Assume this individual decides to create a budget. What are the two components of a budget?
4.Assume this individual's friend decides to pursue postsecondary education. What are two types of financial aid that the friend could apply for that do not have to be repaid?
1. This individual's net worth is $119,000 ($328,500 - $209,500).
2. The non-liability payment is $100 per month for a gym membership.
What is a person's net worth?An individual's net worth is the difference between the assets and the liabilities.
The net worth can be positive (when the assets are worth more than the liabilities) or negative (when the liabilities are worth more than the assets).
Data and Calculations:Assets Liabilities
Home value $250,000 $150,000
Auto $25,000 $15,000
New household furnishings $5,000 $4,500
Retirement account $45,000
Emergency savings $1,500
Checking account $500
CD $1,500
Credit cards balances $15,000
Student loans $25,000
Totals $328,500 $209,500
3. Thus, the two components of this individual's budget are assets and liabilities.
4. The two types of financial aid that the friend could apply for without repayment are grants or scholarships.
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Interview a business owner/manager on the crisis experienced in a workplace
The steps that owner/manager can deal with the crisis experienced in the workplace includes:
identifying issuedealing with ittimely communicationalways be preparedlearning from experienceWhat are workplace crises?These refers to the series of problem that arises at the workplace such as worker shortage, work de-motivation, anonymous accusations, bribery, computer tampering, loss of data etc.
Sometime, the management of workplace crises can impact the manager's performance as well if proper care are not exercised.
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write about the role of veterinarian in commercial milk and meat production.
Veterinarians provide livestock producers with information, advice and training on how to avoid, or control food safety hazards.
Who is a veterinarian?A veterinarian is a medical professional who practices veterinary medicine. They manage a wide range of health conditions and injuries in non-human animals.
In this case, veterinarians also provide livestock producers with information, advice and training on how to avoid, eliminate or control food safety hazards.
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Which is an example of a fixed expense?
oa. monthly grocery bill
ob. line of credit payments
oc. atm withdrawal fees
od. digital entertainment subscriptions
When financial statements of a nonpublic company are affected by a material departure from generally accepted accounting principles, the auditors should:
When financial statements of a nonpublic company are affected by a material departure from generally accepted accounting principles, the auditors should issue an opinion that is unmodified.
What is GAAP?The full form of the GAAP is Generally Accepted Accounting Principles in which the rules and regulations related to the financial accounting are written.
In the above case in which the Non public company is affected by the departure of the material then the auditors must issue the an opinion that is unmodified.
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If overhead is applied to individual jobs at a rate of 50% of direct labor costs incurred per job, and $50,000 in direct materials were used and $25,000 of direct labor was required, what was the total cost of the job?
The total cost applied to the job is $87,500 when the direct materials are $50,000, the cost of direct labor is $25,000 and the overhead cost is 50 % of direct labor.
What is meant by total cost?Total cost means the combined cost of materials, human labor, and the overheads incurred in the process of production.
Given values:
Cost of direct materials: $50,000
Cost of direct labor: $25,000
Cost of overheads: $12,500 ($25,000 X 50%)
Computation of total job cost:
[tex]\rm Total \rm\ Job \rm\ Cost=\rm\ Cost \rm\ of \rm\ Direct \rm\ Materials+\rm\ Cost \rm\ of \rm\ Direct \rm\ Labor+\rm\ Cost \rm\ of \rm\ Overheads\\\rm Total \rm\ Job \rm\ Cost=\$50,000 + \$25,000 + \$12,500\\\rm Total \rm\ Job \rm\ Cost=\$87,500[/tex]
Therefore, when the direct materials are $50,000, the direct labor is $25,000 and the overhead cost is $12,500, then the total cost of the job is $87,500.
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The merchants in Dallas, Texas, suffered flood damage in May 2003. Stores were closed for remodeling nearly two months. What is this type of variation in sales called
When merchants in Dallas had to close their stores for remodelling, this type of variation is known as the irregular components.
What is an irregular variation?An irregular variation in sales occurs when sellers change the quantity of things they sell as a result of an unexpected event.
In this case, sellers stopped selling because they had an irregular event when a flood damaged their stores.
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The product market is the place where _______. Multiple choice question. businesses sell resources and households buy resources businesses sell resources and households sell goods and services businesses sell goods and services and households buy goods and services businesses sell resources and households buy goods and services
The product market refers to the place where: C. businesses sell goods and services and households buy goods and services.
What is a product market?A product market can be defined as any place where business firms (organizations) make their goods and services available for purchase by households (consumers).
This ultimately implies that, a product market refers to the place where various business firms sell their goods and services and households buy these goods and services.
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5. Price changes affect supply and demand and supply and demand can affect price. O True False
Answer:
true
Explanation:
that is what is happening to us right now.
Layton Company purchased tool sharpening equipment on October 1, 2012, for $108,000. The equipment was expected to have a useful life of three years, or 12,000 operating hours, and a residual value of $7,200. The equipment was used for 1,350 hours during 2012, 4,200 hours in 2013, 3,650 hours in 2014, and 2,800 hours in 2015.Required: Determine the amount of depreciation expense for the years ended December 31, 2012, 2013, 2014, and 2015, by:(a) the straight-line method,(b) units-of-output method, and(c) the double-declining-balance method.Note: FOR DECLINING BALANCE ONLY, round the multiplier to four decimal places. Then round the answer for each year to the nearest whole dollar.
The amount of depreciation expense for the years ended December 31, 2012, 2013, 2014, and 2015, for Layton Company is determined as follows:
(a) the straight-line method:2012: $33,600
2013: $33,600
2014: $33,600
2015: $0
(b) the units-of-output method:2012: $11,340 (1,350 x $8.40)
2013: $35,280 (4,200 x $8.40)
2014: $30,660 (3,650 x $8.40)
2015: $23,520 (2,800 x $8.40)
(c) the double-declining-balance method:2012: $71,993 ($108,000 x 0.6666)
2013: $24,002 ($36,007 x 0.6666)
2014: $4,805 ($12,005 - 7,200))
2015: $0
Data and Calculations:Cost of equipment = $108,000
Useful life = 3 years
Operating hours = 12,000
Residual value = $7,200
Depreciable amount = $100,800 ($108,000 - $7,200)
Straight-line depreciation rate = $33,600 per year ($100,800/3)
Units-of-output method rate = $8.40 per hour ($100,800/12,000)
Double-declining-balance method rate = 66.6666 (100/3)
Thus, the depreciation expenses for the years ended December 31, 2012, 2013, 2014, and 2015, for Layton Company have been determined using (a) the straight-line method, (b) the units-of-output method, and (c) the double-declining-balance method.
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A local business provides career training for young adults entering the workforce directly from high school. Which economic question has the business answered by
focusing on recent high school graduates?
The economic question that the business has answered by focusing on recent high school graduates is for whom to produce.
What is an economic question?It should be noted that an economic question simply means a question that van be used to answer a particular economic issue.
In this case, the economic question that the business has answered by focusing on recent high school graduates is for whom to produce.
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Answer:
A. For whom to produce?
Explanation:
An important social trend is the continued concern for health and well-being in the United States. This is most likely evidenced by Multiple Choice the increased sales of Cigar Aficionado magazine. the introduction of Snickers Maple Almond Butter candy bar. the opening of more Starbucks coffee boutiques in supermarkets. the upsizing of menu items at fast-food restaurants. the introduction of fitness trackers such as the Fitbit.
An important social trend is the continued concern for health and well-being in the United States is most likely evidenced by the introduction of fitness trackers such as the Fitbit.
What is social trend?It should be noted that social trend simply means
the movement of a particular trend or its growth.
In this case, an important social trend is the continued concern for health and well-being in the United States is most likely evidenced by the introduction of fitness trackers such as the Fitbit
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Traditionally, business leaders have played a prominent role in the political culture in Texas. When thinking about the business leaders and business concerns that influence Texas politics, we are referring to
Business interests are the business leaders and business concerns that influence Texas politics.
What is Business interests?Business interest is the involvement of the family business, from which a person sees from the birth and has their personal interest in that. Business interest also drives from the parent's and cultural area where the Pearson has grown.
Thus, it is business interest.
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identify the statement in the passage that reflects unethical behavior.
judy had been working as a manager at a company that manufactured mobile phones. over the past couple of years, her company smartphone market. judy created a six-month plan that could potentially revive her company and make it one of the top players in she suggested that all the technical employees, such as the product developers and software engineers, be asked to sign contract: contracts, the employees would be bound by a confidentiality agreement stating that they couldn't discuss the company's technolc she also created a plan where the quality standards of the company would be brought up to industry standards. she suggested hi professionals to oversee the current quality standards. she created a price plan where her company would sell their phones at a much lower price to push the competition out of the mal the prices once it had control of the market. finally, she drafted a post-sales service policy where customers would be asked if they wanted to acquire full insurance coverage f company).
The statement in the passage that reflects unethical behavior is that she also created a plan where the quality standards of the company would be brought up to industry standard. This could have been a suggestion not a final decision
What is unethical behavior?Unethical behavior are behavior by an employee that is against the ethics of the company.
Each organization has a guide that helps in regulating the company.
Therefore,The statement in the passage that reflects unethical behavior is that she also created a plan where the quality standards of the company would be brought up to industry standard. This could have been a suggestion not a final decision
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Answer:
she created a price plan where her company would sell their phones at a much lower price to push the competition out of the way.
Explanation:
plato
Type the correct answer in the box. Spell all words correctly.
Identify the art of advertising that the given scenario portrays.
Jim is renovating his boutique. He wants to redo the display area of his store. Jim is paying special attention to the placement of the merchandise throughout the store. He wants to display it in a creative, aesthetically pleasing manner to attract customers. Jim is engaging in________.
.
Answer: visual merchandising
Explanation: edmentum
In market economies, firms rarely worry about the availability of inputs to produce their products, whereas in command economies input availability is a constant concern. This is because multiple choice in command economies, no market-pricing mechanism exists to incentivize resource suppliers to increase resource availability when a shortage occurs. in market economies, buyers of inputs can choose what price they are willing to pay for the inputs. in market economies, buyers of inputs know that consumers want to purchase the product. in command economies, input availability is determined by central planners who may not correctly respond to consumer demand
In market economies, firms rarely worry about the availability of inputs to produce their products because, in market economies, buyers of inputs know that consumers want to purchase the product.
What is a market economy?A market economy refers to the economic system where the decisions regarding investment, production, and distribution to the customers.
In a market economy, the allocation of resources by the entrepreneurs across different businesses and production processes is determined by the profits they hope to make by producing output that their customers will value that entrepreneurs paid.
Therefore, C is the correct option.
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The Modified Accelerated Cost Recovery System (MACRS) is a depreciation method which expenses an asset over a single year because capital acquisitions must be expensed in the year purchased. is required by the SEC. is used for tax purposes. must be used for financial statement purposes.
The Modified Accelerated Cost Recovery System (MACRS) is used for tax purposes.
What is depreciation?
Depreciation refers to the devaluation in the value of the tangible assets after a particular period of time. When the depreciation value of the assets becomes zero or negative. It becomes outdated or obsolete.
Modified Accelerated Cost Recovery System is the system introduced by the United States which is the tax depreciation system used to estimate the value of the assets depreciated.
Initially, it was introduced to attract the investors to invest in the depreciating assets. the benefit of this system is that it gets higher tax exemptions.
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Taking control of admin functionality and misusing sensitive data that are unauthorized to access are due to:.
Taking control of admin functionality and misusing sensitive data that are unauthorized to access are due to:. Broken access.
What is admin functionality?This has to do with all of the functions that are associated with a person that is in charge of the data in the organization.
Hackers may taken over the access of a sensitive information and use it for the wrong purposes.
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An earthquake in Japan destroys an automobile factory. In response, the United States exports more automobiles at a time when the American economy is at full employment. What could the U.S Government do in order to reduce inflationary pressures on the U.S economy
Government could adopt the unorthodox fiscal and monetary policies in order to reduce the inflationary pressures on the U.S.
What changes could be made by adopting the unorthodox fiscal and monetary policies?Fiscal policy could bring the change in the spending of the government and taxation as well.
Monetary policy also impact the supply of the money in an economy, in the condition of the increased employment.
These two policy could be adopted by the government, as it influence the employment and household income.
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All of the following issues can be addressed by a faculty member at your high school except
The issues are as follows:
1) nutrition.
2) financial aid.
3) hearing and vision tests.
4) legal help.
The issue that cannot be addressed by the faculty members at the high school is the legal help.
Fourth option is the correct answer.
What is meant by a high school?A high school is the place where the students are studying in the grades from 9th to 12th.
The faculty members of the high school are addressing the issues relating to financial assistance, testing of hearing and eye vision and the nutritional requirements.
Therefore, the legal help being the issue which could not be addressed by faculty members in the high school.
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________ is a corporate-level strategy that involves a company entering an industry it was previously not associated with in order to produce and distribute new kinds of goods and services.
Answer:
Backward vertical integration
Explanation:
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A current liability is an obligation that requires the use of an existing asset or the creation of another current liability:
Answer:
current liability is as obligation that must be settled over a short period of time
Paige noted that she disbursed $7,847 in payments for operations in her travel agency and received $7,162 in cash receipts for services rendered. She had no cash receipts or disbursements from investments or financing activities. Thus, Paige had a
There is negative cash flow of $685 in the case given as the total amount of cash disbursements was $7,847 and the cash receipts $7,162 for services rendered. Hence, the correct option is negative cash flow.
What do you mean by cash flow from operating activities?
Cash flow from operating activities (CFO) shows the quantity of cash an organization brings in from its ongoing, everyday commercial enterprise activities, together with production and promoting items or presenting a service to customers.
The missing information in the question is:
Multiple Choice:
negative cash flow.
positive disbursement.
bad debt allowance.
tax credit payment.
Hence, There is negative cash flow of $685 in the case given as the total amount of cash disbursements was $7,847 and the cash receipts $7,162 for services rendered. The correct option is negative cash flow.
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S analyzing the possible acquisition of teller company. both firms have no debt. penn believes the acquisition will increase its total aftertax annual cash flows by $3 million indefinitely. the current market value of teller is $48 million, and that of penn is $90 million. the appropriate discount rate for the incremental cash flows is 10 percent. penn is trying to decide whether it should offer 45 percent of its stock or $73 million in cash to teller's shareholders. a. what is the cost of each alternative
The cost of each alternative is $25 million and $27.6 million.
Cost of each alternativeFirst alternative
Cost/Premium=$73 million-$48 million
Cost /premium=$25 million
Second alternative
Value to target to acquirer=$48 million+($3 million/.10)
Value of target to acquire=$78 million
Purchase price=.45($90 million+$78 million)
Purchase price=$75.6 million
Cost/premium=$75.6 million-$48 million
Cost/premium=$27.6 million
Therefore the cost of each alternative is $25 million and $27.6 million.
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An investment made 10 years ago is worth $100,000. if the annual return over these 10 years was 7.20%, then the original investment amount was:
The original investment amount was $ 68.56 then annual return on investment is 10 years was 7.20% interest.
What is investment?
Investment definition is assets invested in to build wealth and save money on bank, property and projects for specific time period of money.
PV is a present value, FV is a future value, i is interest, n is number of period
PV= FV/ (1 + i) n
PV= 1, 00,000 / (1+7.20%) 10
PV =68.5650014087
As a result, the original amount of investment is 68. 56
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Lincoln, a bank financial manager, always attempts to treat each subordinate with respect and fairness. Lincoln's treatment of employees is an example of Fayol's principle of
Lincoln's treatment of employees is an example of Fayol's principle of equity.
What is equity?It should be noted that equity simply refers to the principle of being fair in what one does.
In this case, the bank financial manager, always attempts to treat each subordinate with respect and fairness. Therefore, the principle of equity is illustrated.
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Sawyer Components manufactures high-cost, customized roller parts for paper mills and is expanding into China because of the opportunity for significant growth in this developing country. The owner uses effective global strategies and is aware of threats from foreign competitors. This illustrates that the owner has a global
The fact that Sawyer Components have seen opportunities in China and want to expand there reflects global vision.
What is global vision?This refers to the ability of a company to see beyond factors affecting it from its native country.
It involves seeing opportunities, threats, and weaknesses in the global market, and then acting to take advantage of them like Sawyer Components wants to.
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Which type of investment would be an example of an
investment at point B?
* a US savings bond
O a CD
O a stock
O a savings account