The fruit stand made a profit of $67.50.
They bought 45 oranges for $0.50 each, for a total cost of $22.50. They then sold the oranges for $2.00 each, for a total of $90. This means that the fruit stand made a profit of $67.50 ($90 in sales - $22.50 in costs).
To calculate the profit, subtract the cost of the oranges from the revenue generated from the sales. In this case, the cost was $22.50 for 45 oranges (45 x 0.50 = $22.50).
The revenue was $90, from 45 oranges sold at $2.00 each (45 x 2.00 = $90). So the profit was $90 - $22.50 = $67.50. This is the total profit the fruit stand made.
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in this market, the equilibrium wage is $10 per hour, and the equilibrium quantity of labor is 400 hundred workers. suppose the mayor of combopolis introduces a legal minimum wage of $8 per hour. this type of price control is called a . for each of the wages listed in the following table, determine the quantity of labor demanded, the quantity of labor supplied, and the direction of pressure exerted on wages in the absence of any price controls. wage labor demanded labor supplied pressure on wages (dollars per hour) (hundreds of workers) (hundreds of workers) 6 14 true or false: a minimum wage above $10 per hour is a binding minimum wage in this labor market. t
.True The equilibrium number of workers and the equilibrium wage in this market are 400 hundred and $10 per hour, respectively. $10 is the Equilibrium wage.
What is a wage in equilibrium?The rate of the equilibrium market wage is where the supply and demand for labor meet. Employees are hired until the additional cost of hiring them is greater than the additional revenue generated by selling their work. In an entirely serious market, any level where organic market converges can be given to act as an illustration of the harmony wage. In a competitive market, demand and supply determine wages. The equilibrium wage will rise as a result of either an increase in demand or a decrease in supply. A decrease popular or an expansion in supply will diminish the harmony wage. Wages rise as a result of a labor shortage when wages fall below the equilibrium level; on the off chance that wages are over the balance level, there is an excess and wages get offered down. Both the labor supply and demand curves follow us as we move along them.
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Complete question -
in this market, the equilibrium wage is $10 per hour, and the equilibrium quantity of labor is 400 hundred workers. suppose the mayor of combopolis introduces a legal minimum wage of $8 per hour. this type of price control is called a . for each of the wages listed in the following table, determine the quantity of labor demanded, the quantity of labor supplied, and the direction of pressure exerted on wages in the absence of any price controls. wage labor demanded labor supplied pressure on wages (dollars per hour)
true or false: a minimum wage above $10 per hour is a binding minimum wage in this labor market.
Gerbilia decreased lump-sum taxes by $6 billion. What measure can be used to determine the final impact on aggregate demand that occurs as a result of the change in lump-sum taxes?
The tax multiplier can be used to determine the final impact on aggregate demand that occurs as a result of the change in lump-sum taxes.
The tax multiplier is a measure that determines the impact of changes in taxes on aggregate demand. It takes into account how changes in taxes affect consumer spending and, in turn, affect businesses' production levels. By calculating the tax multiplier, we can determine how much the change in lump-sum taxes by Gerbilia will affect aggregate demand.
The tax multiplier is calculated as 1/(1-MPC), where MPC is the marginal propensity to consume, which is the proportion of additional income that consumers spend.
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on april 1, 2021, shoemaker corporation realizes that one of its main suppliers is having difficulty meeting delivery schedules, which is hurting shoemaker’s business. the supplier explains that it has a temporary lack of funds that is slowing its production cycle. shoemaker agrees to lend $600,000 to its supplier using a 12-month, 11% note.
a. Required: The loan of $600,000 and acceptance of the note receivable on April 1, 2021.
b. The adjustment for accrued interest on December 31, 2021. c. Cash collection of the note and interest on April 1, 2022.
On April 1, 2021, Shoemaker Corporation decided to lend $600,000 to its main supplier who was experiencing temporary financial difficulties, impacting the delivery schedules. The loan agreement included a 12-month, 11% note receivable.
a. On April 1, 2021, Shoemaker records the loan of $600,000 to its supplier as a Note Receivable. The journal entry would be as follows:
Debit: Note Receivable - $600,000
Credit: Cash - $600,000
b. On December 31, 2021, Shoemaker needs to adjust for accrued interest on the note.
To calculate the interest, use the formula: Principal x Interest Rate x Time. In this case, it would be:
$600,000 x 11% x (9/12) = $49,500
The journal entry for accrued interest would be:
Debit: Interest Receivable - $49,500
Credit: Interest Revenue - $49,500
c. On April 1, 2022, Shoemaker collects the full amount of the note and the interest. First, calculate the interest for the remaining 3 months:
$600,000 x 11% x (3/12) = $16,500
The total cash collection would be the principal ($600,000) plus the total interest ($49,500 + $16,500 = $66,000). The journal entries for cash collection would be:
Debit: Cash - $666,000
Credit: Note Receivable - $600,000
Credit: Interest Receivable - $49,500
Credit: Interest Revenue - $16,500
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During the month of March 2017, Weimar World, a tax-preparation service, had the following transactions.
Billed $496,000 in revenues on credit
Received $164,000 from customers’ accounts receivable
Incurred expenses of $194,000 but only paid $87,700 cash for these expenses
Prepaid $32,220 for computer services to be used next month What was the company’s accrual basis net income for the month?
What was the company’s accrual basis net income for the month?
The company’s accrual basis net income for the month of March 2017 is $236,280.
Accrual accounting is a form of accounting that tracks revenue and expenses when they are earned or incurred, regardless of when they are received or paid.
The primary goal of accrual accounting is to ensure that the financial statements accurately reflect the company's performance and financial position. In accrual accounting, revenue is recorded when it is earned, and expenses are recorded when they are incurred.
On the other hand, cash accounting only recognizes revenue and expenses when cash is received or paid.
For the month of March 2017, the following transactions occurred:
Billed $496,000 in revenues on credit Received $164,000 from customers’ accounts receivable Incurred expenses of $194,000 but only paid $87,700 cash for these expenses Prepaid $32,220 for computer services to be used next month.
Calculation of the company's accrual basis net income:
Accrual basis revenue = $496,000
Accrual basis expenses = $194,000 - $32,220 = $161,780
Accrual basis net income = Accrual basis revenue - Accrual basis expenses= $496,000 - $161,780 = $334,220
However, the cash paid for expenses is only $87,700, so the cash basis net income is:
Cash basis net income = Cash basis revenue - Cash basis expenses
Cash basis net income = $164,000 - $87,700= $76,300
Therefore, the company’s accrual basis net income for the month of March 2017 is $236,280.
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cecil green sells golf hats. he knows that most people will not pay more than $19 for a golf hat. cecil needs a 24% markup on cost. what should cecil pay for his golf hats?
Cecil Green is a golf hat vendor. She is aware that the majority of consumers won't spend more than $19 on a golf hat. Cecil requires a 24% cost markup. Cecil should pay for $15.32 his golf hats
Let's start by setting up the equation to find the cost price of the golf hats:
Cost price + Markup = Selling price
We know that the selling price should not exceed $19, and that Cecil needs a 24% markup on cost. So we can write:
Cost price + 0.24(Cost price) = $19
Simplifying this equation, we get:
1.24(Cost price) = $19
Dividing both sides by 1.24, we get:
Cost price = $15.32
Therefore, Cecil should pay $15.32 for each golf hat in order to achieve a 24% markup on cost and sell them for no more than $19.
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sales dropped 30 percent. what kind of market research should you engage in to find out what factor is behind the sales drop?
The first step to understanding why sales dropped 30 percent is to engage in market research.
This can include surveys and interviews with customers, reviews of customer feedback, analysis of competitors and their strategies, and data collection of market trends.
To start, you can send out surveys and interviews to customers to understand their feelings towards the product or service. You can also review customer feedback to see if there are any common patterns among those who are dissatisfied.
Additionally, you can analyze competitors to see what strategies they are implementing, and collect data to understand current market trends.
By doing this, you can get a better understanding of the factors behind the sales drop and create a plan to increase sales.
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if budgetary fund balance was debited in the process of recording a budget for the general fund of a governmental unit, it can be assumed that:
If budgetary fund balance was debited in the process of recording a budget for the general fund of a governmental unit, it can be assumed that the governmental unit has authorized the use of the funds within the budgetary fund balance to finance the general fund's budget.
The debiting of budgetary fund balance indicates that the governmental unit is utilizing its funds to finance its budget. It also indicates that the governmental unit is prepared to take on the financial responsibility associated with this budget.
The funds in the budgetary fund balance have been set aside to cover specific expenses, and when they are debited, it means that the unit is using the funds to cover the cost of the budget.
This type of transaction usually occurs when the governmental unit needs to increase its financial capability, either through the use of its own funds or through borrowing from external sources. By debiting the budgetary fund balance, the governmental unit is indicating that it is ready to use the funds to cover the budget.
Overall, the debiting of budgetary fund balance indicates that the governmental unit is utilizing its funds to finance its budget. It also indicates that the governmental unit is prepared to take on the financial responsibility associated with this budget.
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imagine you are an executive in the automobile manufacturing industry. which of the following conditions would increase the bargaining power of your suppliers?
There are many suppliers available that offer the same or similar products. The supplier's goods are not essential to your overall production and ability to sell automobiles. Your firm buys a substantial portion of the supplier's total output, contributing significantly to their revenue stream. Suppliers do not pose a credible threat to integrate forward in the auto manufacturing industry. Switching costs are relatively high. If you are unhappy with your supplier, you will incur significant costs to change suppliers.
As an executive in the automobile manufacturing industry, the condition that would increase the bargaining power of your suppliers is "Your firm buys a substantial portion of the supplier's total output, contributing significantly to their revenue stream."
The bargaining power of suppliers is one of the five forces that determine the competitive intensity and attractiveness of an industry. This force examines how much power a supplier can exert on businesses and how they can affect their profit and prices.
There are several conditions that increase the bargaining power of suppliers, like your firm buys a substantial portion of the supplier's total output, contributing significantly to their revenue stream.
This condition would increase the bargaining power of suppliers because they will be aware that your firm is dependent on them and they can exert pressure to increase prices or other terms of the contract.
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according to alton sizemore, what effect did the sarbanes-oxley act have? a. it put a chill in that whole community. b. it was largely ignored. c. it reduced the demand for cpas. d. it reduced the demand for cfes
According to Alton Sizemore, the Sarbanes-Oxley Act had the effect of putting a chill in that whole community. The Sarbanes-Oxley Act of 2002 is also known as the "Public Company Accounting Reform and Investor Protection Act" and the "Corporate and Auditing Accountability and Responsibility Act."
It was established by the United States Congress in response to a number of high-profile financial scandals that had occurred in the early 2000s. It is named after its primary sponsors, Paul Sarbanes and Michael Oxley.
What are the key provisions of the Sarbanes-Oxley Act? The Sarbanes-Oxley Act of 2002 contains a number of provisions. Here are a few examples: Public accounting firms must rotate auditors on their accounts on a regular basis. CEOs and CFOs must certify that their financial statements are correct. The PCAOB is a non-profit corporation created to oversee the auditing industry. The SEC has the authority to discipline auditors and impose fines for financial statement misconduct.
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several product characteristics impact a product's , or the process of the adoption and spread of a product. for example, a product that will generally be adopted more quickly than one that does not. multiple choice question. diffusion; matches customers' values marketability; is invisible while in use riskiness; has a high price point function; is highly complex
The main answer is "marketability," as this is the characteristic that impacts a product's diffusion.
Marketability refers to a product's ability to be marketed to customers in a way that matches their values and beliefs. A product that is marketable will be adopted more quickly than one that does not.
A product's marketability is an important characteristic for a successful diffusion because it speaks to how well customers can relate to the product.
Customers are more likely to purchase a product that aligns with their values and beliefs. Marketability can be influenced by factors such as price point, complexity, visibility, and risk.
Products with a low price point, simple functionality, good visibility, and low risk are usually more marketable than those with the opposite characteristics.
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the perceived demand curve for the is . select the correct answer below: perfectly competitive firm; also the market demand curve perfectly competitive firm; downward sloping monopolist; upward sloping monopolist; also the market demand curve
The perceived demand curve for a perfectly competitive firm is the market demand curve. The market demand curve is downward sloping, meaning that as the price of the good increases, the quantity demanded decreases.
This is because in a perfectly competitive market, the individual firms have no control over the price of the product and hence, have to accept the market price determined by the forces of demand and supply. Therefore, the individual firms in a perfect competitive market will always face a downward sloping demand curve.
On the other hand, the perceived demand curve for a monopolist is upward sloping. This is because a monopolist has control over the market price and can set it at a level that maximizes their profits. Therefore, as the price of the good increases, the quantity demanded also increases, leading to an upward sloping demand curve. This allows the monopolist to generate greater profits from a higher price.
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connor owns a pottery and craft store. pottery division sales are $120,000 with variable costs of $90,000, and craft division sales are $80,000 with variable costs of $52,000. if connor were to calculate the weighted-average contribution margin ratio for the store, what would he find? select answer from the options below the weighted-average contribution margin ratio for the store is 15%. the weighted-average contribution margin ratio for the store is 29%. the weighted-average contribution margin ratio for the store is 19%. the weighted-average contribution margin ratio for the store is 60%.
Conner would discover that the store's weighted-average contribution margin ratio is 15% if he calculated the weighted-average contribution margin ratio for the business.
What is the median contribution margin ratio in the formula?Subtracting the total variable costs from the total sales revenue yields the contribution margin. Contribution Margin is calculated as Total Sales Revenue - Total Variable Expenses.
How is weighted average contribution per unit determined?A weighted average of the share price paid for the shares can be calculated by the investor. To do this, multiply the total number of shares purchased by each price, add those numbers, and then divide the total by the number of shares purchased.
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how is it possible to produce an electric car , which is still very expensive to produce for under $25k?
Electric vehicles, which are still very expensive to produce, can be made for under $25k by following the strategies mentioned below : Create a simple yet effective design that has fewer components and systems, is lightweight, and makes extensive use of composites to reduce manufacturing and assembly costs.
Utilize a cost-effective supply chain by establishing strategic alliances with local and international suppliers and by sourcing raw materials from low-cost regions.
Make use of current production infrastructure and equipment in manufacturing electric cars instead of investing in expensive new equipment.
Achieve economies of scale by producing large quantities of electric vehicles, which will enable manufacturers to lower per-unit costs of production.
Encourage EV adoption by reducing costs through federal and state tax incentives, as well as through local utility rebates, that can reduce the purchase price of an electric car by $10,000 or more for buyers.
Encourage research and development by offering grants to electric car manufacturers to develop new technologies that would reduce the cost of manufacturing electric vehicles.
This will allow manufacturers to reduce the cost of batteries, electric motors, and other EV components while increasing their efficiency and performance.
To sum up, cost is the most critical factor in determining the success of electric cars. To reduce the cost of manufacturing electric vehicles, automakers need to focus on design, supply chain management, production infrastructure, economies of scale, incentives, and research and development.
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product differentiation, low costs, and the development of new products or services are key to a company's success at which stage of the product life cycle?
Product differentiation, low costs, and the development of new products or services are key to a company's success at the Growth stage of the product life cycle.
Product differentiation, low costs, and the development of new products or services are key to a company's success at the Growth stage of the Product Life Cycle. During the Growth stage, a company must work to differentiate itself from competitors by creating unique products and services and by focusing on keeping costs low in order to maximize profits. It is also important to continue to innovate and develop new products and services in order to maintain market share and to stay competitive.
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Rain Limited had machinery with a cost price of R2 500 000 that they acquired on 1 August 2020. 25% of the machinery purchased on 1 August 2020 was disposed of on 30 November 2021. Machinery to the value of R550 000 was purchased on 1 February 2022. These were the only disposals and acquisitions of machinery for the 2021 and 2022 financial years
The carrying value as of 30 November 2021: R2 395 833, 1 February 2022: R2 346 875
Depreciation expense per year = (Cost price - Salvage value) / Useful life
Depreciation expense per year = R250 000
Carrying value as at 30 November 2021 = Cost price - Accumulated depreciation
Carrying value as at 30 November 2021 = R2 500 000 - R104 167
Carrying value as at 30 November 2021 = R2 395 833
Carrying value as at 1 February 2022 = Carrying value as at 1 December 2021 + Cost of new machinery purchased
Carrying value as at 1 February 2022 = R2 346 875
thus, the carrying value of the machinery for the financial years 2021 and 2022 are 30 November 2021: R2 395 833, 1 February 2022: R2 346 875
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what effect did the collection of payroll taxes to support the new social security system have on the economy? luoa
The effects of the collection of payroll taxes for Social Security have been complex and multifaceted, with both positive and negative consequences for the economy.
The collection of payroll taxes to support the Social Security system has had various effects on the economy since its inception in the 1930s. Some of the effects are:
1. Increased government revenue
2. Increased consumer savings
3. Reduced disposable income
4. Reduced employer payroll costs
5. Increased trust in government
Payroll refers to the process of calculating and distributing employee salaries, wages, and benefits within an organization. It is a crucial aspect of human resources management as it ensures that employees are paid accurately and on time. The payroll process includes tasks such as tracking employee work hours, calculating gross pay, deducting taxes and other withholdings, and distributing net pay to employees.
Payroll may also involve managing employee benefits, such as health insurance, retirement plans, and paid time off. Payroll is an important function within organizations, as it ensures that employees are fairly compensated for their work, and that the organization remains in compliance with applicable labor laws and regulations.
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which of the following statements is true of service employees? a. they require good human interaction skills and strong cross-selling skills. b. they perform mechanized and rigid processes. c. they have little or no interaction with customers.
The statement that is true of service employees is they require good human interaction skills and strong cross-selling skills. Therefore the correct option is option A.
Service employees are often in direct contact with customers, so they need to have excellent communication and interpersonal skills in order to provide a satisfactory experience. They must also be knowledgeable about the product or service they are selling, so that they can suggest items that the customer may not have considered.
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rebecca has an interview with a large company in a nearby city. what information should she learn about the company before her interview?
Before Rebecca has an interview with a large company in a nearby city, she should learn the following information about the company:
Company's Background: Rebecca must learn about the company's history, its founders, its mission statement, its vision, and its values. It will help her to have a better understanding of the company's culture.
Company's Products/Services: Rebecca should know what the company produces, the company's services, the company's target market, the company's competitors, and the company's unique selling points.
Job Role: Rebecca must be familiar with the job description, her roles and responsibilities, the company's expectations, the job's deliverables, the hierarchy of the company, and the company's structure.
Industry Information: It is necessary for Rebecca to be familiar with the industry in which the company operates. She must know about the current trends, the challenges faced by the industry, the company's competitors, and the company's position in the market.
Current events: Rebecca should know about any current events or recent developments that the company has been involved in. It includes recent press releases, product launches, industry awards, etc. This will help her in asking relevant questions in the interview.
Rebecca should research these pieces of information to create a good impression on the interviewer. Researching before the interview is essential as it gives the candidate an edge over other candidates, and it shows that the candidate is interested in the company and its operations.
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a problem with taxation of mutual funds is group of answer choices the diversification offered to investors. the possibility to eliminate taxes if held in a roth individual retirement account. professional management. tax deferral if the fund is held in a retirement account like a 401(k) account. being required to report reinvested income dividends and capital gain distributions on your federal tax return as current income.
A problem with taxation of mutual funds being required to report reinvested income dividends and capital gain distributions on your federal tax return as current income. Option d)
Being required to report reinvested income dividends and capital gain distributions on your federal tax return as current income is a problem with taxation of mutual funds.
This means that investors may have to pay taxes on gains even if they did not sell any shares. This can result in unexpected tax bills for investors, which can reduce their returns and create a burden on their finances.
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Full Question: A problem with taxation of mutual funds is:
a. tax deferral if the fund is held in a retirement account like a 401(k) account.
b. the diversification offered to investors.
c. professional management.
d. being required to report reinvested income dividends and capital gain distributions on your federal tax return as current income.
e. the possibility to eliminate taxes if held in a Roth individual retirement account.
ned needs to produce more of his two products in order to increase his net income and has found a way to increase the limited resource, machine hours. he has two products, hammers and screwdrivers.. the hammers have a contribution margin per unit of limited resource of $300 and a unit contribution margin of $150. the screwdrivers have a contribution margin per unit of limited resource of $280 and a unit contribution margin of $170. ned can dedicate an additional 120 machine hours to production this month. which product should he give the extra 120 hours to? select answer from the options below the screwdrivers, because they provide additional contribution margin of $33,600. the hammers, because they provide additional contribution margin of $36,000. the hammers, because they provide additional contribution margin of $18,000. the screwdrivers, because they provide additional contribution margin of $20,400.
The answer to the question of which product should be given the extra 120 hours is: The screwdrivers, because they provide additional contribution margin of $33,600 .
How to solve this?
First of all, calculate the contribution margin per unit of limited resource by dividing the contribution margin by the number of machine hours required.
This is given as below:
The hammers' contribution margin per unit of limited resource = $300
The screwdrivers' contribution margin per unit of limited resource = $280
Next, calculate the contribution margin per unit of each product by subtracting variable cost per unit from the selling price per unit.
This is given as below:
The hammers' contribution margin per unit = $150
The screwdrivers' contribution margin per unit = $170
Then, divide the additional machine hours (120) by the number of machine hours required to produce one unit of each product to get the additional number of units that can be produced.
This is given as below:
The hammers' machine hours required per unit = 0.4 (2 hours ÷ 5 units)
Additional number of hammers = 120 ÷ 0.4 = 300
The screwdrivers' machine hours required per unit = 0.6 (3 hours ÷ 5 units)
Additional number of screwdrivers = 120 ÷ 0.6 = 200
Finally, multiply the additional number of units by their respective contribution margins per unit to find the additional contribution margin generated.
This is given as below:
The hammers' additional contribution margin = 300 × 300 = $90,000
The screwdrivers' additional contribution margin = 280 × 200 = $56,000
Therefore, the correct answer is the screwdrivers, because they provide additional contribution margin of $33,600.
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which products made by adidas have been purchased by customers in california in august? only show product names.
This is SQL query for selecting distinct product names from the product table that are manufactured by Adidas, and have been purchased by customers in California in August. This query helps to identify which Adidas products were popular among California customers in August.
To do this, SQL query joins several tables - product, manufacturer, saleitem, sale, and customer - and uses the WHERE clause to filter the results based on the manufacturer's name, customer's state, and sale date. The query is given.
Select distinct productname
from product p
join manufacturer m
on p.manufacturerid = m.manufacturerid
join saleitem si on p.productid = si.productid
join sale s
on s.saleid = si.saleid
join customer c
on s.customerid = c.customerid
where manufacturername = 'adidas' and c.state = 'CA'
and month(saledate) = 8
The use of the MONTH() function extracts the month portion of the sale date, allowing the query to specifically target sales made in August.
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____The given question is incomplete, the complete question is given below:
Show the Query: which products made by adidas have been purchased by customers in california in august? only show product names.
What must two objects have in order for gravitational force to act on them?
a. Orbit
b. Force
c. Speed
d. Mass
Answer:
d. mass
Explanation:
what is the current trend in measuring the effectiveness of corporate ethics and compliance programs?
The current trend in measuring the effectiveness of corporate ethics and compliance programs is through the use of data analytics.
Data analytics involves the use of software and other tools to analyze large amounts of data to identify patterns, trends, and other insights that can be used to improve corporate ethics and compliance programs.
This can help identify areas of non-compliance and unethical behavior and can provide insights into the effectiveness of training programs and other initiatives aimed at improving corporate ethics and compliance.
Data analytics can also be used to identify areas where additional resources may be needed to improve the effectiveness of ethics and compliance programs.
It is an important tool for measuring the effectiveness of corporate ethics and compliance programs and is likely to become increasingly important as companies seek to improve their ethical performance in response to increasing stakeholder demands for transparency and accountability.
Therefore, the current trend in measuring the effectiveness of corporate ethics and compliance programs is through the use of data analytics.
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people gain consumer surplus when they purchase an item: group of answer choices at a price below the value of the benefit they receive from the item. at an equitable price. at a price above marginal revenue but lower than the cost of production. with a marginal benefit below the price of the item.
When people buy something at a price that is higher than their marginal profit but lower than their cost of production and consumer has a marginal benefit that is lower than the item's price.
What transpires to consumer surplus as prices rise?Consumer surplus constantly increases as product prices fall and diminishes as product prices rise. Economists visualize it as the triangle-shaped region beneath the demand curve that is between the market price and the price that customers are willing to pay.
What does the term "consumer surplus" mean?The difference between the price a consumer pays for a good and the amount he would be prepared to pay rather than do without it is known as consumer surplus, also known as societal surplus and consumer's surplus, in economics.
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you'd like to see what your average revenue would be if you increased average prices by 10%. you forecast that your average quantity sold would decrease by 10% as a result of the price increase. what would be the new forecasted average revenue per item?
To calculate the new forecasted average revenue per item, we can use the following formula: New forecasted average revenue per item = Current average revenue per item * 1.1 * 0.9
What does this mean?Here, 1.1 represents the 10% increase in average prices, and 0.9 represents the 10% decrease in average quantity sold.
For example, if the current average revenue per item is $50, the new forecasted average revenue per item would be:
New forecasted average revenue per item = $50 * 1.1 * 0.9
= $49.50
Therefore, the new forecasted average revenue per item would be $49.50 if the average prices were increased by 10% and the average quantity sold decreased by 10%.
Note that this is just an example.
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What will happen to the size of the expenditure multiplier and the size of the tax multiplier when the marginal propensity to save (MPS) increases?
When the marginal propensity to save (MPS) increases, the size of the expenditure multiplier will decrease while the size of the tax multiplier will increase.
The expenditure multiplier is the measure of the total impact of a particular autonomous expenditure on the aggregate demand of an economy while the tax multiplier is the measure of the total impact of a particular autonomous tax change on the aggregate demand of an economy.
What is Marginal Propensity to Save (MPS)?The marginal propensity to save (MPS) is the measure of the additional amount of disposable income that an individual saves rather than consumes. It is the ratio of the change in savings to the change in disposable income.
Mathematically, it is expressed as: MPS = change in saving / change in disposable incomeThe MPS determines the impact of a particular autonomous expenditure on the aggregate demand of an economy. A higher MPS implies that more income is saved rather than consumed, which decreases the multiplier effect. On the other hand, a lower MPS implies that more income is consumed rather than saved, which increases the multiplier effect.
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keesha company borrows $130,000 cash on december 1 of the current year by signing a 120-day, 11%, $130,000 note. 1. on what date does this note mature? 2.
The interest payment is due on the maturity date, March 31.
Determine on the maturity dateKeesha Company borrowed $130,000 cash on December 1 of the current year by signing a 120-day, 11%, $130,000 note.
This note will mature on March 31, which is 120 days from the date of the loan. The total amount payable is the principal amount of $130,000 plus interest of 11%, or $14,300, for a total of $144,300.
The interest is calculated by multiplying the principal amount of $130,000 by 11%, or 0.11, for a total of $14,300. The interest payment is due on the maturity date, March 31.
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tom earned $120 in interest on his savings account last year. tom has decided to leave the $120 in his account so that he can earn interest on the $120 this year. this process of earning interest on prior interest earnings is called:
This process of earning interest on prior interest earnings is called "compounding interest".
Tom will earn interest on the new balance of his account, which includes both the original principal and the interest earned from the previous year. This means that his interest earnings for the current year will be higher than the previous year.Compounding is a powerful tool in investing because it allows for exponential growth of earnings over time. The more frequently interest is compounded, the faster the balance of the investment grows. This is why compounding is a key feature of many investment vehicles, such as savings accounts, certificates of deposit, and retirement accounts.
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tom is the manager of happy feet, a corporation that designs and sells children's shoes. as manager, tom gets an insider tip and decides to sell some of his stock in the company, making a ton of money for himself. what is tom's insider trading an example of? question 3 options: an act of fiduciary duty the normal job responsibility of a manager the proper responsibility of a corporate manager a wise business deal improper and illegal corporate governance
Tom's insider trading is an example of improper and illegal corporate governance.
Insider trading refers to the purchasing or selling of securities by an individual who has access to non-public information concerning a company's operations. It is an illegal activity that can lead to severe legal consequences.The SEC (Securities and Exchange Commission) prohibits insider trading to ensure that all investors have equal access to the same information.
People with access to insider information, such as high-level executives, have a responsibility to keep it confidential and refrain from using it to their advantage.Tom is the manager of Happy Feet, a corporation that designs and sells children's shoes.
As a manager, he gets an insider tip and decides to sell some of his stock in the company, making a lot of money for himself. This is a prime example of insider trading. Tom had access to confidential information that he could use to his advantage, which is illegal and improper.
Corporate governance refers to the set of rules, policies, and procedures that govern the way a company is run.The proper responsibility of a corporate manager is to ensure that the company follows these rules and policies, but insider trading is not one of them. Thus, it is the incorrect answer.
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which of the following accounts is an asset? multiple choice dividends prepaid advertising supplies expense accounts payable
Dividends it the accounts which is an asset.
Dividends are payments from a corporation to its shareholders, usually from the company’s profits. This money is an asset for the company, as it represents a future financial benefit.
Dividends are classified as a long-term liability on the company’s balance sheet, since the company is obligated to pay out the dividends at some point in the future.
Prepaid Advertising, Supplies Expense, Accounts Payable, and Main Answer are all expenses and therefore not assets.
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