Self-interest and competition, in accordance with Adam Smith, function as invisible hands that direct businesses in a market-based economy.
What is self-interest?
Self-interest is commonly defined as a focus on one's own needs or interests. Self-interested behaviors are typically carried out unknowingly most of the time. Numerous philosophical, psychological, and economic theories look at how self-interest influences how people behave.
Adam Smith authored one of the most well-known works on economics, which is still used today to explain how the American economy is structured. Smith writes in Wealth of Nations about the need for essentially zero government involvement in the economy. Instead, the best outcome for customers will come through business rivalry. Smith bases his assertion that businesses will act in their own best interests on this theory.Since the business owner depends on customers to succeed, acting in their best interest will inevitably lead to the best deals for the consumer.
Thus, the correct option is 3.
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You are considering a 3/5 ARM. What does the 5 represent?
O A. The total number of years in the loan
• B. The number of years between adjustments in the interest rate
• C. The interest rate of the initial fixed-rate loan period
•
D. The number of years that a fixed interest rate will be
loan
applied to the
SURMI
The 5 represent: B. The number of years between adjustments in the interest rate.
What 5 represent in 3/5 ARM?5 represent the number of years before mortgage interest rate will be adjusted.
A 3/5 ARM means that the loan will have interest rate that is fixed after that the loan will be adjusted.
Therefore the correct option is B.
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If you had to formulate some goals for cash buil,what would they be
Answer:
I would want them to be a reasonable price. I would also want them to be a reasonable goal.
Explanation:
I would want them to be a reasonable or average goal.
GL0202 (No Analysis Tab) - Based on Exercise 2-9 LO A1
Prepare journal entries for each transaction and identify the financial statement impact of each entry.
The financial statements are automatically generated based on the journal entries recorded.
Jan. 1 Debbie Hall, owner, invested $142,750 cash in the company.
Jan. 2 The company purchased office supplies for $2,650 cash.
Jan. 3 The company purchased $14,050 of office equipment on credit.
Jan. 4 The company received $18,300 cash as fees for services provided to a customer.
Jan. 5 The company paid $14,050 cash to settle the payable for the office equipment purchased on January 3.
Jan. 6 The company billed a customer $4,100 as fees for services provided.
Jan. 7 The company paid $2,625 cash for the monthly rent.
Jan. 8 The company collected $2,175 cash as partial payment for the account receivable created on January 6.
Jan. 9 Debbie Hall withdrew $11,700 cash from the company for personal use.
1. The preparation of the journal entries for each transaction is as follows:
Journal EntriesJan. 1 Debit Cash $142,750
Credit Owner's Equity $142,750
Jan. 2 Debit Office Supplies $2,650
Credit Cash $2,650
Jan. 3 Debit Office Equipment $14,050
Credit Accounts Payable $14,050
Jan. 4 Debit Cash $18,300
Credit Service Revenue $18,300
Jan. 5 Debit Accounts Payable $14,050
Credit Cash $14,050
Jan. 6 Debit Accounts Receivable $4,100
Credit Service Revenue $4,100
Jan. 7 Debit Rent Expenses $2,625
Credit Cash$2,625
Jan. 8 Debit Cash $2,175
Credit Account Receivable $2,175
Jan. 9 Debit Withdrawals $11,700
Credit Cash $11,700
2. The identification of the financial statement impact of each entry is as follows:
Jan. 1 Increase in Assets (Cash $142,750) and Owner's Equity ($142,750)
Jan. 2 Increase in Assets (Office supplies $2,650) Decrease in Assets (Cash $2,650)
Jan. 3 Increase in Assets (Office Equipment $14,050) and Liabilities (Accounts Payable $14,050)
Jan. 4 Increase in Assets (Cash $18,300) and Equity (Service Revenue $18,300)
Jan. 5 Decrease in Liabilities (Accounts Payable $14,050) and Assets (Cash $14,050)
Jan. 6 Increase in Assets (Accounts Receivable $4,100) and Equity (Service Revenue $4,100)
Jan. 7 Decrease in Equity (Rent Expenses $2,625) and Assets (Cash$2,625)
Jan. 8 Increase in Assets (Cash $2,175) and decrease in Assets (Account Receivable $2,175)
Jan. 9 Decrease in Equity (Withdrawals $11,700) and decrease in Assets (Cash $11,700)
Transaction Analysis:
Jan. 1 Cash $142,750 Owner's Equity $142,750
Jan. 2 Office supplies $2,650 Cash $2,650
Jan. 3 Office Equipment $14,050 Accounts Payable $14,050
Jan. 4 Cash $18,300 Service Revenue $18,300
Jan. 5 Accounts Payable $14,050 Cash $14,050
Jan. 6 Accounts Receivable $4,100 Service Revenue $4,100
Jan. 7 Rent Expenses $2,625 Cash$2,625
Jan. 8 Cash $2,175 Account Receivable $2,175
Jan. 9 Withdrawals $11,700 Cash $11,700
Thus, the journal entries show the accounts debited and the accounts credited for each transaction.
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What is State Farm's Promise of Customer Satisfaction on recycled sheet metal?
For as long as you own your vehicle.
O One year
O For at least as long as the OEM would have warranted its new replacement part.
O For at least one year or the duration of the existing manufacturer's warranty.
O Limited lifetime warranty.
The State Farm's Promise of Customer Satisfaction on recycled sheet metal is for at least as long as the OEM would have warranted its new replacement part. Thus 2nd option is correct.
What is Customer satisfaction?Customer Satisfaction refers to the fulfillment of the needs and the desire of the customer by making the product as per there requirement. It is the measurement of the how much the customer is satisfied with the product.
In the above case, the State Farm provides the services to the customer by selling the metal sheets. They had promised the customer for providing the original equipment manufactured to be replaced with the new till the life span of the metal sheets.
Thus the correct option is 2nd.
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G
Which of these roles is the highest ranking person in a company?
A. President
B. CFO
C. COO
D. CEO
Please select the best answer from the choices provided
Answer:
D. CEO
Explanation:
...........................................
Debra notes that Theo Chocolate has started holding its own operations to the same IMO standards of fair trade to which it holds its suppliers. This type of behavior encourages more ethical decision-making byestablishing a specific code of ethics sends a powerful message to employees and customers.
This type of behavior encourages more ethical decision-making by establishing a specific code of ethics sends a powerful message to employees.
What is code of ethics?These are guidelines and principles, which governs every actions or decisions taken by an organization. They are rules that must be conform with wherever ethics is established.
Hence, this type of behavior encourages more ethical decision-making by establishing a specific code of ethics sends a powerful message to employees.
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Lowering the unemployment rate affects a country by:
Answer:The answer is a
Explanation: did the assignment
Answer:
Increase productivity
Explanation:
Lowering unemployment rate increases productivity and raises the standard of living of citizens in the country.
Question 6 of 20
A product with a high level of elasticity of demand has which feature?
A. Demand for the product consistently falls over time.
B. Demand for the product rises and falls depending on
circumstances.
C. Demand for the prodt consistently rises over time.
D. Demand for the product is limited to a very small group of
A product with a high level of elasticity of demand has the feature of the B. Demand for the product rises and falls depending on circumstances.
What is Elasticity of Demand?This refers to the extent to which there is a price change that causes a product to have a change in demand.
Hence, we can see that when there is a high elasticity of demand, it is usually because there is a variable change in the quantity demanded in relation to its price and this means that B. Demand for the product rises and falls depending on circumstances.
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Calculate the 2 year annuity factor if the required rate of return is 10%.
If the required rate of return is 10%, then the 2-year annuity factor can be calculated as 1.7355.
What is the 2-year annuity factor?The 2-year present value annuity factor can be found by using the formula for the present value of an annuity.
This is:
= Amount x ( 1 - (1 + rate) ^ - number of periods ) / rate
Replace the amount with 1 when calculating for factor:
= 1 x ( 1 - (1 + 10%)⁻²) / 10%
= 1 x 0.173553719 / 10%
= 1.7355
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Whilst you have been away on annual leave the Principal of the agency has exchanged contracts to personally purchase one of your listings. You do not believe that your vendor is aware of the fact that it is your employer as it has been purchased in a company name and there is no declaration on the file or on the copy of the contract in the file. A) What skills will you need to employ? B) What do you do and explain why quoting any relevant bodies, legislation, forms and penalties?
(A) The skills required to deal with the issue is to computer and research skills and communication skills.
(B) One should resolve the complaints by using the Complaint Register.
What is the meaning of contract?Contract refers to the agreement between the two people or more under the eyes of the law. The agreement made should have the legal consideration and should be enforceable by the laws.
The skills needed to be employed are as follows:-
Knowledge of computers and research techniques to locate relevant legislation for your problems; Effective communication abilities to speak with the vendors and your employer.Complaint resolution processes (using the Complaint Register).This is something the principle should think about:
The Property and Stock Agents Act of 2002 considers it a violation of trust;Non-disclosure in order to receive a benefit; Form 49 and Section 55 MUST be completed;The vendor should not suffer as a result of working with your company; Up to two years in prison and a fine of $29,313 can be imposed as penalties for violating Section 55.The estate agent may also be ordered by a court to repay any commission they received from the vendor.
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If the effective annual yield on a bond is equal to the bondʹs coupon rate, the bond will have a market value that is
Answer:
The coupon rate is the stated periodic interest payment due to the bondholder at specified times. The bond's yield is the anticipated overall rate of return. If the bond's price changes and is no longer offered at par value, the coupon rate and the yield will no longer be the same as the coupon rate is fixed and yield is a derivative calculation based on the price of the bond.
1.1 W (5 marks) Calculate the economic order quantity (EOQ) per annum. Economic order quantity Startrek Secondary School purchases 700 math's sets per annum. The cost of each math set is R80. Each set is sold for R100. The cost of placing a single order is R45. The holding cost is 11% of the unit purchase price.
Based on the math sets purchased by Startrek Secondary School as well as its various costs, the Economic Order Quantity is 84.61 sets.
What is the Economic Order Quantity?This can be found as:
= √(2 x Annual math sets needed x Ordering cost per unit/ Carrying cost
Carrying cost is:
= 80 x 11%
= R8.80
The EOQ is therefore:
= √(2 x 700 x 48 / 8.8
= 84.61 math sets
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2. A Canadian confectionary company has Indian distributors for a specific small cake product. The distributor has put in a request for the confection to be available with red decorations. This specific cake has become very popular for consumption during several significant holidays. The manufacturer has the food colouring available and has used it on other products it carries. Sales figures for this product are in the growth phase of its life cycle. Should the manufacturer agree to make this change? Describe two considerations with regards to this change.
Based on the above scenario, Since it is in its growth phase, I believe that the manufacturer should agree to make this changes.
Why agree to the changes?Note that there are regulations on how to use of the existing food coloring and as such it is vital for the company to see or consider this change.
Note that since it is in its growth phase, the product is widely accepted and there are lot of holiday sales.
Therefore, Based on the above scenario, Since it is in its growth phase, I believe that the manufacturer should agree to make this changes.
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Healthcare Operations Management: Executing Strategies & Setting Goals
Select a quality or performance problem in your organization or from your past experience – identify the project team members and their roles in your organization – why did you include them? Select a problem-solving tool and map it out – use PDCA, process mapping, root cause analysis, 5 Whys, or the Cause and Effect tool. How could you make improvements in the situation?
A quality or performance issue may be related to organizational communication. Management tools that can help overcome these problems, such as the PDCA cycle.
What is the PDCA cycle?It is a management tool that consists of solving problems related to organizational processes, instituting four phases to focus on each situation, helping to resolve bottlenecks and continuous improvement of processes. The acronym stands for:
PlanDoCheck ActTherefore, through the PDCA cycle, communication problems could be solved by planning and implementing the optimization of communication channels and strengthening the relationship through feedback and meetings, for example.
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Is outsurance non compulsory or compulsory
The outsurance is a non-compulsory act that is not guided by any kind of law.
What is compulsory insurance?Compulsory insurance is that which is guided by law and has to be taken by the businesses in order to claim indemnification at the time of loss or damages.
Outsurance is a business created to fulfill the specific insurance needs of various businesses. It is non-compulsory insurance as it doesn't implement by any law and can be taken by businesses on a voluntary basis.
Therefore, non-compulsory insurance can be the outsurance policy.
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can i apply for a bank account without a utility bill because i have all the requirements needed except a utility bill
Answer:
You dont need it
Which promotional technique can help an organization achleve its short-term sales objectives
Answer:
Flash sales is one technique.
Explanation:
Flash sales are fast, short-term sales that encourage people to buy a promoted item.
If a recent ad deterred you from buying the product, describe why. How would you change it? Share a link if you can (please be sure it's appropriate).
Some reasons why an ad deterred a consumer from buying a product could be lack of information or jarring communication.
How to build an effective ad?It is essential that the marketing team develop a strategy to engage your potential consumer. For this, it is necessary to align the language and ideas contained in the ad to have the expected effect on the consumer, in addition to identifying the ideal channel for placement.
Therefore, publicity and advertising are essential to generate value for a brand and reach the consumer.
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Your 75-year-old grandmother expects to live for another 15 years. She currently has $1,000,000 of savings, which is invested to earn a guaranteed 5% rate of return. If inflation averages 2% per year, how much can she withdraw (to the nearest dollar) at the beginning of each year and keep the withdrawals constant in real terms, i.e., growing at the same rate as inflation and thus enabling her to maintain a constant standard of living?
Based on your grandmother's savings, her rate of return, and inflation, the amount she can withdraw at the beginning of each year is $81,027.
What is annuity?An annuity is a financial product that pays out a fixed stream of payments to an individual, primarily used as an income stream for retirees.
The grandmother can withdraw at the beginning of each year
First, find the inflation adjusted return,
1 + Adjusted return = (1 + nominal return) / (1 + inflation rate)
1 + Adjusted return = 1.05 / 1.023
Adjusted return = 2.94%
Using the PMT function on the spreadsheet, the amount to be withdrawn can be found:
Rate = 2.9%
Nper = 15 years
PV = - 1,000,000
Type = 1 (Withdrawal at year beginning)
Amount will be found as $81,027.
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What are the four core principles in business?
Answer:
Honesty ,Integrity, Promise-Keeping & Trustworthiness, Loyalty
Explanation:
there are many principles related to business. but basic principles of business are Honesty ,Integrity, Promise-Keeping & Trustworthiness, Loyalty. A person must be honest and loyal in his business. A person must fulfill his promises to citizens . A person should lie to his business handlers and users.
The United States has laws meant to stop any one company from dominating
an entire industry. If a company gets to be too large and powerful, it is
possible for the government to force it to break into several smaller
companies.
This situation is an example of which characteristic of the U.S. economy?
A. Limiting the role of government
B. Motivating businesses to maximize profits
C. Promoting competition
D. Prioritizing individual freedom
Answer:
D. Prioritizing individual freedom is the answer.
Explanation:
Which of the following is true about goods and services?
CAAT Traders acquired machinery on 1 July 20.18 for an amount of R175 300. This machinery was only available for use from 1 September 20.18 due to massive tests that needed to be performed first. CAAT Traders’ current financial period ends on 31 May 20.19. According to CAAT Traders’ accounting policy, depreciation on machinery is provided using the unit of production method over it’s the useful life of 5 years according to the following production schedule:
The amount for depreciation expenses to be shown in the statement of profit or loss and other comprehensive income for the year ended 31 May 20.19 will be … (round off your final answer to the nearest Rand)
The depreciation expenses to be shown in the statement of profit or loss and other comprehensive income for the year ended (31-05-2019) is R26,295.
What is depreciation?Depreciation can be defined as a process in which the monetary (financial) value of an asset decreases or falls over time, especially due to wear and tear.
How to determine the depreciation expenses?First of all, we would calculate the expected number of units produced by CAAT as follows:
Expected number of units produced = 15,000 + 13,000 + 11,000 + 10,500 + 10,500
Expected number of units produced = 60,000.
Mathematically, the depreciation expenses is given by:
Depreciation expenses = Actual units produced/expected units produced × cost price
Substituting the given parameters into the formula, we have;
Depreciation expenses = 9,000/60,000 × 175,300
Depreciation expenses = R26,295.
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Please identify a firm using the various variables used in SCM and OHS&S as per legal requirements.
Canadian Tire Corporation is an example of Canadian firm involved in global operations and SCM.
How the company makes use of SCM and OHSThe company makes use of occupational safety and health and also supply chain management to ensure that the key operations in the firm are being carried out.
The company has over 1700 stores in the Canadian nation. They have workers that are about 100000. This form is one of the biggest retail shops in the nation.
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Do you know the Travis Bruns sales rep for Crown Lift Services case study
Answer:
what's the question I can help you if u give me the question
1. Which of the following is true about finding the present value of cash flows?
A. Finding the present value of cash flows tells you how much you need to invest today so that it grows to a given future amount at a specified rate of return.
B. Finding the present value of cash flows tells you what a cash flow will be worth in future years at a specified rate of return.
2. Which of the following investments that pay will $18,000 in 4 years will have a lower price today?
A. The security that earns an interest rate of 4.00%
B. The security that earns an interest rate of 6.00%.
3. Eric wants to invest in government securities that promise to pay $1,000 at maturity. The opportunity cost (interest rate) of holding the security is 4.00%. Assuming that both investments have equal risk and Eric’s investment time horizon is flexible, which of the following investment options will exhibit the lower price?
A. An investment that matures in four years
B. An investment that matures in five years
4. Which of the following is true about present value calculations?
A. Other things remaining equal, the present value of a future cash flow increases if the discount rate increases.
B. Other things remaining equal, the present value of a future cash flow decreases if the discount rate increases.
Based on present value calculations, the following are true:
A. Finding the present value of cash flows tells you how much you need to invest today so that it grows to a given future amount at a specified rate of return.B. The security that earns an interest rate of 6.00%.B. An investment that matures in five years.B. Other things remaining equal, the present value of a future cash flow decreases if the discount rate increases.What is true of present value calculations?Present value relies on the interest rate and the number of periods that an investment. The longer the investment period, the lower the present value.
The higher the interest rate, the lower the present value as well, For this reason, the 6% investment will be worth less today and the five year investment will have a lower price today.
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A Notary Signing Agent with nearly 10 years experience has reviewed and is completely familiar with all the documents in a loan package. When meeting with the borrower, the Notary Signing Agent may now:
Ask the name and purpose of the Loan documents as A Notary Signing Agent with nearly 10 years experience has reviewed and is completely familiar with all the documents in a loan package.
What is a loan package?Loan package is the documentation and the business plan that provides loan or money on installation to the lender to review to analyze whether the loan has been approved or not. It takes a lot of rime in approving a loan as bank has to see the backgrounds and other information.
Thus, Ask the name and purpose of the Loan documents
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If the effective annual yield on a bond is equal to the bondʹs coupon rate, the bond will have a market value that is
Select one:
a. below the principal value of the bond.
b. equal to the principal value of the bond.
c. Either A or B may be true.
d. above the principal value of the bond.
If the effective annual yield on a bond is equal to the bondʹs coupon rate, the bond will have a market value that is equal to the principal value of the bond. Option B. This is further explained below.
What is a bond?Generally, a Bond is simply defined as fixed-income investments such as bonds that reflect a loan from an investor to a borrower, often a corporation or the government.
In conclusion, In this case, the bond's market value will be equal to the principal value of the bond. if the bond's effective yearly yield is equal to the bond's coupon rate
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HELP ME WITH MY ASSIGNMENT GUYS
THE QUESTION IS:
Assume that Proton plans to expand its market by setting up a new production facility in Saudi Arabia in the year 2022. Evaluate the possible effects of political and economic environment in Saudi Arabia on Proton’s operations and products. Further, using Michael E. Porter’s ‘Diamond’ Theory to analyse Proton’s competitive advantage.
The effects of political in Saudi Arabia on Proton’s operations and products is that there can be escalation of regional geopolitical tensions that can stop Proton’s operations and products and its trade.
What political risks exist within Saudi Arabia?Political risk in Saudi Arabia is known to be one that is often low or moderate in nature.
Note that The effects of political in Saudi Arabia on Proton’s operations and products is that there can be escalation of regional geopolitical tensions that can stop Proton’s operations and products and its trade.
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Stockholders, employees and environmentalists are examples of stakeholders whose interests
Stockholders, employees and environmentalists are examples of stakeholders whose interests and needs often conflict.
Who is a stakeholder?A stakeholder can be defined as an independent individual, organization or social group that has an interest in a particular business organization (company), and as such they can either affect or be affected by the decisions taken in the business.
This ultimately implies that, stockholders, employees, investors, and environmentalists are examples of stakeholders whose interests and needs often conflict.
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