Lean manufacturing facilities are typically set up with independent production cells. In a typical organisation, setup times are lengthy.
What would you say is an organisation?An community is a collection of people that cooperate, such as a firm, neighbourhood association, charity, or union. The term "organisation" can be used to describe a person, a group, a company, or the process of creating or developing anything.
Which 3 sorts of organisations are there?The organisational structures utilised by the majority of businesses today can be categorised into three types: functional, departmental, and matrix. The advantages and disadvantages of each form must be considered by owners before deciding which to utilise for their business.
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(a) during fiscal 2009, costco collected $1,562 cash for membership fees. use the financial statement effects template to record the cash collected for membership fees. (b) in 2009, costco recorded $63,503 in merchandise costs (that is, cost of goods sold). record this transaction in the financial statement effects template. (c) determine the value of merchandise that costco purchased during fiscal-year 2009. use the financial statement effects template to record these merchandise purchases. assume all of costco's purchases are on account, and recorded in accounts payable.
Assume all of costco's purchases are on account, and recorded in accounts payable for evenly over the membership year.
What is meant by purchases?
The organised procurement of products and services on behalf of the buying entity is known as purchasing.To guarantee that necessary materials are obtained quickly and affordably, purchasing actions are required.All items and services purchased for resale or consumption throughout the production process are included in purchases of goods and services, excluding capital goods whose consumption is recorded as consumption of fixed capital.The purchasing process is crucial because it provides firms with a planned method of meeting their demands. Additionally, it enables more intelligent financial planning. Since it necessitates keeping records of every business transaction, a successful purchasing procedure can aid in preventing theft, fraud, or irrational expenditure.To learn more about purchases refer to
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(a) Cash Collected for Membership Fees
Cash: +1,562
(b) Merchandise Costs
Inventory: -63,503
Cost of Goods Sold: +63,503
(c) Merchandise Purchases
Inventory: +63,503
Accounts Payable: +63,503
What is mean by accounts payable? Accounts payable is a term used to refer to money owed to a supplier, vendor or creditor for goods or services purchased on credit. Accounts payable are usually recorded in a company's balance sheet as a liability or debt, and they represent money that must be paid in the future. Accounts payable can include items such as invoices, bills, purchase orders, advances and other forms of credit.Accounts payable are usually classified as current liabilities, meaning that they must be paid within a short period of time, usually within a few months. Companies must keep track of their accounts payable to ensure that payments are made on time. Failing to make payments on time can result in late fees, penalties and interest charges.
(a) Cash Collected for Membership Fees
Debit Credit
Cash Revenue Membership Fees
$1,562 $1,562
(b) Merchandise Costs
Debit Credit
Merchandise Inventory Cost of Goods Sold
$63,503 $63,503
(c) Merchandise Purchases
Debit Credit
Accounts Payable Merchandise Inventory
$63,503 $63,503
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if the value of a firm's net fixed assets equals the value of the accumulated depreciation, from an accounting perspective, the fixed assets are: group of answer choices new. fully depreciated. one-half depreciated. equal in value to the firm's current assets.
From an accounting point of view, a fixed asset is fully depreciated when the value of the net fixed asset equals the depreciation. Depreciation is a counter account to the fixed assets account and is used to reduce the value of net fixed assets.
Accumulated depreciation is a valuation account used to capture the gradual decline in value of a fixed asset as it is used in production or services over its economic life. If the value of depreciation equals the value of net fixed assets, it means that the fixed assets have been fully depreciated. This means that the full value of the asset has been written off as an expense and that there is no residual value of the asset on the balance sheet.
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what amount should be reported as depreciation expense in pirn's year-end consolidated income statement?
The amount of depreciation expense to be reported in PIRN's year-end consolidated income statement will depend on the company's depreciation.
What is expense?
Expense is the money spent to purchase goods or services. It is the cost of operating a business, or an individual's outlay of money on day-to-day living. Expenses are typically categorized as either fixed or variable and are recorded in an individual's or business's books of accounts. Fixed expenses are those that remain constant over a period of time, such as rent or insurance. Variable expenses, on the other hand, are those that fluctuate, such as utility bills or travel costs. Expenses can also be further broken down into discretionary and non-discretionary expenses.
The company's accountant would need to review the company's balance sheet and determine the total amount of depreciation expense for the year.
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chris and jane have rented a banquet hall to celebrate their wedding anniversary. fifty people have already accepted their invitation. the caterers will charge $5 per person for food and $2 per person for drinks. the band will cost $300 for the evening, and the hall costs $200. now chris and jane are considering inviting 10 more people. by how much will these extra guests increase the cost of their party?
There are already fifty people who have accepted their invitation. Each person's meal will cost $5 from the caterers, and drinks will cost $2. You must pay $300 to see the band.
What does "cost" refer to?
A cost is the value of money that has been used to create an item or deliver a service and is now unavailable for use in manufacturing, doing research, selling it to consumers, and accounting. The amount of money spent on the acquisition is regarded as the cost in the event of an acquisition cost.
amount paid, imposed, or equal to a given amount for anything price. the financial commitment (as in work or sacrifice) necessary to acquire something; the average cost of a college degree has climbed dramatically.
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assume that your roommate is very messy. suppose she gets a $50 benefit from being messy but imposes a $100 cost on you. the coase theorem would suggest that an efficient solution would be for you to
The Coase theorem would suggest that an efficient solution for you is to give your roommate $50 for cleaning the room but do not give more than $100.
What is Coase theorem?The Coase theorem in law and economics describes the economic effectiveness of a financial decision or result in the presence of externalities.According to Coase theorem theory, bargaining will result in a Pareto-efficient outcome regardless of how property is initially distributed if trading in an externality is feasible and transaction costs are sufficiently low. In reality, Coasean bargaining may be thwarted by impediments to negotiation or vague property rights. Ronald Coase, a Nobel Prize winner, is frequently credited with developing this "Coase theorem."Ronald Coase received the 1991 Nobel Memorial Prize in Economic Sciences for this 1960 study and his 1937 paper on the nature of the company (which also highlights the significance of transaction costs).To learn more about Coase theorem from the given link
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. during the antebellum period u.s. tariffs on imported cotton textiles a. increased profits for british textile producers. b. decreased the prices of cotton textiles in the u.s. c. were supported by the southern states. d. were harmful to u.s. textile producers and their employees. e. none of the above is correct
None of the above is correct. This is because the tariffs made it more expensive to import cotton textiles from Britain and other countries.
During the antebellum period, US tariffs on imported cotton textiles had a complex effect. While the tariffs did increase profits for British textile producers, they did not necessarily decrease prices of cotton textiles in the US. In fact, the tariffs passed by the US Congress in 1824, 1828, and 1832 actually resulted in higher prices of imported cotton textiles and increased profits for US textile producers. The tariffs were also supported by the northern states, not necessarily the southern states, since the northern states had a larger industrial base. Therefore, the tariffs were not necessarily harmful to US textile producers or their employees. Tariffs are taxes levied by one nation on products and services imported from another country in order to influence it, collect money, or safeguard competitive advantages.
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the day-to-day living conditions of modern americans are very different from what they were in the 20th century. while doing research for an economics project, charlie discovers that more households today, as compared to households 100 years ago, have electricity, air conditioning, and a car.
Our society has experienced economic growth. Americans today live in drastically different circumstances than those of the 20th century. while conducting economics research.
What is the straightforward meaning of economic?Economics is the research of scarcity and how it affects how resources are used, how goods and services are produced, how production and welfare increase over time, and a wide range of other complicated problems that are extremely important to society.
What is an example in the economy?Farmers lower the price of a crop when corn production rises in order to sell more of their harvest. The quantity of corn required to feed the population will increase if the stock is too high.
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next, your interviewer explains that one of their clients is an online retailer that has a vast inventory. she has a list of items by name, color, and size. then, she has another list of the price of each item by size, as a larger item sometimes costs more. the stakeholder needs one list of all items by name, color, size, and price. she then says: in situations such as this one, could you use the concat function to add strings together to create new text strings?
The Concat function would allow you to "create a unique key to distinguish products" in the above scenario.
Option D is correct.
What is a concat function and why is it important?A way to combine two or more things is called a concat function. You can use the concat function to combine two strings (a sequence of characters, like words in a sentence) like "Hello" and "World" into one: HelloWorld". If you want to display both strings simultaneously or store them in a single variable, this can be helpful.
We can easily combine various pieces of information using the Concat function to produce a more useful or simpler-to-understand final result. In general, the Concat function is a useful tool that can assist us in combining various pieces of data into a single, more useful result.
Incomplete question :
Next, your interview explains that one of their clients is an online retailer that has a vast inventory. She has a list of items by name, color, and size. Then, she has another list of the price of each item by size, as a larger item sometimes costs more. The client needs one list of all items by name, color, size, and price.
She then asks: If you were to use the CONCAT function to complete this task, what would it enable you to do?
A.Clean the product identifier text strings
B.Create a new product database table
C.Search for and return missing products in inventory
D.Create a unique key to tell products apart
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Kennedy Company reports the following costs and expenses in May. Factory utilities $ 16,500 Depreciation on factory equipment 12,650 Direct labor Sales salaries Property taxes on factory building Repairs to office equipment Factory repairs Advertising 23,000 Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary Instructions 3,800 48,900 70,800 157,600 8,000 2,500 1,300 2,000 From the information, determine the total amount of:_______.
(a) Manufacturing overhead.
(b) Product costs.
(c) Period costs
The total amount of:
(a) Manufacturing overhead is $161,350.00
(b) Product costs is $398,050.00
(c) Period costs is $81,140.00.
What is manufacturing overhead?All indirect costs incurred during the manufacturing process are referred to as manufacturing overhead. This overhead is applied to units manufactured during a reporting period.
a)
Determine the total amount of manufacturing overhead as follows:
Particulars Amount(S)
Factory Utilities $16,500.00
Dep on Factory Equipment $12,650.00
Indirect factory labor $48,900.00
Indirect materials $70,800.00
Factory manager salary $8,000.00
Property tax on factory building $2,500.00
Factory Repairs $2,000.00
Total manufacturing Overhead $161,350.00
b)
Determine the total amount of product costs as follows:
Particulars Amount(S)
Direct material used $157,600.00
Direct labor $79,100.00
Total manufacturing Overhead $161,350.00
Total Product Cost $398,050.00
c)
Determine the total amount of period costs as follows:
Particulars Amount($)
Dep on Delivery Truck $3,800.00
Sales Salaries $48,400.00
Repairs to office equipment $1,300.00
Advertising $23,000.00
Office Supplies used $4,640.00
Total Period Cost $81,140.00
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kansas city has more ___ restaurants per capita than any other us city.
Kansas City has more barbecue restaurants per capital than any other US city. This is due to the city's long history of barbecue culture, which dates back to the early 1900s.
What is capital ?Capital is the financial resources or assets that a business or individual owns and uses to generate income. It can include cash, investments, property, equipment, inventory, and other resources. Capital is used to fund operations, invest in new projects, and expand businesses.
Kansas City is known for its unique style of barbecue, which combines elements of both dry-rub and wet-sauce recipes. The city is also home to some of the most famous barbecue restaurants in the country, including Arthur Bryant's, Gates Bar-B-Q, and Oklahoma Joe's.
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According to symbolic interactionism, which component of the self encourages an individual to follow social norms
Simply put, symbolic interactionists hold that the meanings we give to interactions and events help to shape our society.
What constitutes simple events?Simple occurrences are those in which a single experiment is conducted at such a time and results in a single conclusion. P(E), when E is the event, stands for the chance of simple events. The range of the probability is 0 to 1. For instance, tossing a coin is a straightforward event.
What are events, and what different kinds are there?What are the various probability event types? Complement encounters, simple events, compounded events, definite events, improbable events, dependent occasions, independent events, socially exclusive occasions, exhaustive events, etc. are some examples of the various varieties of events in probability.
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g 8. agreement and disagreement among economists suppose that nick, an economist from a consulting firm, and rosa, another economist from a university in florida, are both guests on a popular science podcast. the host of the podcast is facilitating their debate over budget deficits. the following dialogue represents a portion of the transcript of their discussion: rosa: most people recognize that the budget deficit has been rising considerably over the last century. we need to find the best course of action to remedy this situation. nick: i believe that a cut in income tax rates would boost economic growth and raise tax revenue enough to reduce budget deficits. rosa: i actually feel that raising the top income tax rate would reduce the budget deficit more effectively. the disagreement between these economists is most likely due to . despite their differences, with which proposition are two economists chosen at random most likely to agree? employers should not be restricted from outsourcing work to foreign nations. central banks should focus more on maintaining low unemployment than on maintaining low inflation. business managers can raise profit more easily by reducing costs than by raising revenue.
The disagreement between these economists is most likely due to differences in values.
Central banks should focus more on maintaining low unemployment than on maintaining low inflation proposition are two economists chosen at random most likely to agree.
What is inflation?
Inflation is an increase in an economy's overall level of prices for goods and services. As the general price level rises, each unit of currency may buy fewer goods and services; hence, inflation is linked to a reduction in the purchasing power of money. This growth can rise inflation when the economy is strong, and unemployment is low because businesses raise wages to recruit and keep workers.
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which viewpoint emphasized the scientific study of work methods to improve the productivity of individual workers?
Robert Winslow The Principles for Scientific Management, written by Taylor, was first published in 1911. Taylor argued that flaws in a specific project method might be scientifically corrected by employing improved management approaches.
Which management theory strives to improve employees' productivity levels?Scientific management is a management paradigm that looks at work flows to increase economic efficiency, notably labor productivity. The manufacturing sectors in the United States saw a boom in the 1880s and 1890s because to Frederick Winslow Taylor's management theory.
What part does work study play in boosting productivity?The primary goal of paid internships is to increase the output of laborers, machinery, and resources. The objective of the study is to figure out the optimum way to carry out each task and to reduce waste, so that reduced weariness leads to more productivity.
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For most students, the largest single cost of a college education is:
a) The wages are given up to attend school,
b) Tuition, fees, and books,
c) Room and board,
d) Transportation, parking, and entertainment.
Most students, the largest single cost of a college education is the wages given up to attend school
What is the primary expense of a college education?The average cost of attendance at a public 4-year in-state university for a student living on campus is $25,707 each year, or $102,828 over four years. Out-of-state students pay $43,421 each year, for a total of $173,684 over four years. Students at a private, nonprofit institution pay $54,501 each year, or $218,004 over four years.
In brief, the opportunity cost of attending college is the cost of tuition, any associated fees, and any lost money, experience, or enjoyment as a result of your decision to attend college.
When looking for the right college or institution, pricing is typically a major consideration. In certain situations, it may influence a student’s decision about which school to attend. Understanding the specifics of college expenses
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When the company sells 20,000 units, what is the total indirect selling expense that cannot be readily traced to individual sales representatives?
The total indirect selling expense that cannot be readily traced to individual sales representatives is $50,000.
What is indirect selling expense?Because they don't directly contribute to the creation of a good or the provision of a service, selling expenses are listed as indirect expenses on an organization's income statement. As sales volumes rise or fall, some components can change while others stay the same.
1a Direct Material per unit $7.00
Direct Labor per unit $4.00
Direct Manufacturing cost per unit $11.00
No. of units sold 20,000
Total Direct manufacturing cost $220,000.00
1b Variable manufacturing overhead per unit $1.50
Fixed manufacturing Overhead per unit $5.00
Indirect Manufacturing cost per unit $6.50
No. of units sold 20,000
Total Indirect manufacturing cost $130,000.00
2a Direct Material per unit $7.00
Direct Labor per unit $4.00
Variable manufacturing overhead per unit $1.50
Fixed manufacturing Overhead per unit $5.00
Total Manufacturing cost per unit $17.50
No. of units sold 20,000
Total Direct Costs $350,000.00
3a Sales Commission per unit $1.00
No. of units sold 20,000
Total Sales Commission $20,000.00
Total direct selling expense $40,000.00
3b Total Indirect Selling Expense $50,000.00
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Complete question:
jane wants to auction off an item, but does not know where to go to find bidders. david offers to find bidders for her, but will charge her $10 per bidder he gets to show up. each bidder will uniformly value the item between [500,1000) . the highest bidder will win the item and pay the second-highest bidder price (vickrey auction). how many bidders should jane pay david to find?
Separate Auctions for Continuous Types. Think about a single-good auction where there are only two bidders, each with a drawn-out private value.
What kind of auction gives the bidder the opportunity to submit successively lower bids?In a reverse auction, the buyer specifies the products and services they wish to buy, and prospective vendors compete with one another to close the deal. Typically, prices in this kind of auction drop with time.
In economics, what is the auction theory?The field of applied economics known as auction theory studies the behavior of bidders in auction marketplaces and how the characteristics of these systems encourage the production of known results. For the purpose of designing actual auctions, auction theory is a useful tool.
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taft corp. uses the equity method to account for its 25% investment in flame, inc. during year 3, taft received dividends of $30,000 from flame and recorded $180,000 as its equity in the earnings of flame. additional information follows: all the undistributed earnings of flame will be distributed as dividends in future periods. the dividends received from flame are eligible for the 65% dividends received deduction. there are no other temporary differences. enacted income tax rates are 30% for year 3 and thereafter. in its december 31, year 3, balance sheet, what amount should taft report for deferred income tax liability?
The current and subsequent income tax rates, if enacted, are 30 percent. The amount that taft ought to report for its deferred income tax liability on its December 31 balance sheet is $9,000
A Deferred Tax Obligation: What Is It?A listing on a company's balance sheet known as a "deferred tax liability" records taxes that are owed but will not be paid until a later date. There is a delay in the liability because the tax is due to be paid at a different time than when it was accrued.
Deferred Income Tax Liability Taft's Recorded Equity in Flame Earnings $180,000 Less Dividends Received in 20X1 ($30,000)
Temporary Difference Before Dividend Deduction $150,000 ($180,000-$30,000)
Less Dividends Received Deduction ($120,000) (80% x $150,000)
Net amount of Temporary Difference $ 30,000 ($150,000-$120,000) Times Tax Rate x 30% Deferred Income Tax Liability, Non-Current $.liability
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what is the implication of an efficient securities market for the return an investor will earn over a period of time?
An efficient securities market allows investors to earn higher returns over a period of time by providing them with access to accurate and timely information about market conditions.
This means that investors can make more informed decisions about which investments to make, resulting in higher returns over time. Additionally, an efficient securities market also allows investors to take advantage of market opportunities more quickly.
This can increase their returns, as they can capitalize on short-term market moves and capitalize on market inefficiencies. In summary, an efficient securities market can result in higher returns for investors over a period of time.
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Joy is considering adding a rack of greeting cards to her product offerings at Crawford Books Limited. Joy would need to buy a display rack, which will cost her $400. She can buy a carton of 250 cards for $500. She is thinking of selling the cards for $4. 00 each. At that price, Joy's breakeven point would occur at _________ cards sold.
A. 400
B. 300
C. 200
D. 100
100 sold cards would be the breakeven point for Joy.
The total costJoy would have to spend $400 on a display rack and $500 on a carton of 250 greeting cards if she wanted to sell them at Crawford Books Limited, the place where she works. In order to break even, she would need to sell 100 cards at a price of $4 each. She would therefore need to sell 200 cards in order to turn a profit. Her profit would be $250 if she managed to sell all 250 cards.
If Joy wanted to sell greeting cards at Crawford Books Limited, she would have to spend an additional $400 on a display rack and $500 on a carton of 250 cards. She would need to sell 100 cards at a $4 each price point in order to break even. Therefore, 200 cards would have to be sold for her to make a profit. If she managed to sell all 250 cards, she would make a profit of $250.
Joy will eventually need to compare the potential profit to the price of the display rack and the cards, as well as the additional costs connected with adding this product line. She will be able to decide with confidence whether or not to include the rack of greeting cards in her product lineup by taking into account all of these factors.
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One way the government helps increase economic productivity is by
Investing in infrastructure. By investing in roads, bridges, public transportation systems, and other infrastructure projects, the government can help to create a more efficient and productive economy.
What is infrastructure ?Infrastructure is the basic physical and organizational structures needed for the operation of a society or enterprise, such as transportation and communication systems, water and power lines, and public institutions including schools, post offices, and hospitals. It can also refer to the set of services, such as sewage treatment plants and police departments, required to sustain a community.
These investments can reduce the cost of transportation for businesses, allowing them to move goods and services more quickly and efficiently. Additionally, infrastructure investments can create jobs in construction and related industries, providing additional economic stimulus. Finally, infrastructure investments can help to attract new businesses to an area, increasing competition
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in which of the following market structures are entry barriers the highest? group of answer choices perfect competition. oligopoly. monopolistic competition. monopoly.
A monopoly seeks to cover challengers from entering the request as much as possible. walls to entry benefit monopolies by guarding earnings and gains.
A monopoly is a business characterized by a lack of request competition and no vacuity of backups for its products. Monopolies can determine price changes and produce walls to entry for challengers. Monopolies can frequently lead to illegal trade practices, including Charging different prices to different consumers price demarcation), setting prices significantly above the cost of product, dealing inferior products or services, etc. With these practices, monopolies may dissolve sooner or latterly.
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Obviously, the lifetime membership isn't a good deal if you only remain a member for a couple of years, but if you remain a member for 40 years, it's a great deal. Suppose that the appropriate annual interest rate is 7. 6%. What is the minimum number of years that Lloyd must remain a member of the ADLA so that the lifetime membership is cheaper (on a present value basis) than paying $800 in annual membership dues? a. 14 years b. 13 years c. 19 years d. 23 years
the minimum number of years that Lloyd must remain a member of the ADLA so that the lifetime membership is cheaper than paying $800 in annual membership dues is d. 23 years
To solve this problem, you need to use the concept of present value. The present value of an amount to be received in the future is the amount that would be needed today to produce that future amount, assuming a certain interest rate.
In this case, we can use the formula for present value:the minimum number of years that Lloyd must remain a member of the ADLA so that the lifetime membership is cheaper than paying $800 in annual membership dues is d. 23 years
PV = FV / (1 + r)^n
where PV is the present value, FV is the future value (800 * number of years), r is the interest rate (0.076), and n is the number of years.
To find the minimum number of years that Lloyd must remain a member of the ADLA so that the lifetime membership is cheaper than paying $800 in annual membership dues, we need to solve for n in the equation PV = $1,500 (cost of lifetime membership) and FV = $800n.
PV = $1,500 = $800n / (1 + 0.076)^n
Using a calculator or a spreadsheet software to solve this equation for n, we get n = 23 years.
Therefore, the minimum number of years that Lloyd must remain a member of the ADLA so that the lifetime membership is cheaper than paying $800 in annual membership dues is d. 23 years
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1. the majority of land in the united states is a. grassland for grazing. c. for timber production. b. residential and commercial property. d. for recreation and wildlife.
a. grassland for grazing, In the United States, grazing land predominates in the form of grassland. A place where grasses predominate in the vegetation is called a grassland (Poaceae).
The United States of America (U.S.A. or USA), sometimes referred to as the United States (U.S. or US) or America, is a nation with its main territory being in North America. It is made up of 326 Indian reservations, five significant unincorporated territories, nine Minor Outlying Islands, and 50 states. The Federated States of Micronesia, the Marshall Islands, and the Republic of Palau are three autonomous Pacific Island nations with which the United States has free association agreements. It is the third-largest country in the globe in terms of total area and land. [b] It has land boundaries with Mexico to the south and Canada to the north. Along with other countries, it shares maritime boundaries with the Bahamas, Cuba, and Russia.
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a change in the number of buyers is a determinant of market
When a change in the number of buyers is a determinant of a monopoly market will result in more buyers.
What is a monopoly market?a market arrangement in which there is just one seller and only one type of goods available. As the only vendor of the goods with no viable alternatives, the seller in a monopoly market has no rivals.In a monopoly market, an entity becomes the sole seller of commodities due to reasons such as government licensing, resource ownership, copyright, and patent protection, as well as high startup costs. These characteristics collectively prevent other sellers from entering the market. Monopolies also have access to information that other merchants do not.The single seller controls the market and sets the price due to the characteristics of a monopoly market. He likes having the ability to determine the price of his items.examples are as followsRailway BoardDefense biardElectricity boardlearn more about the monopoly market
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frame co. has an 8% note receivable dated june 30, year 1, in the original amount of $150,000. payments of $50,000 in principal plus accrued interest are due annually on july 1, year 2, year 3, and year 4. the fair value option is not elected and there is no allowance for credit losses. in its june 30, year 3, balance sheet, what amount should frame report as a current asset for interest on the note receivable?
In its June 30, year 3, balance sheet, Frame Co. should report $37,500 as a current asset for interest on the note receivable.
What is interest on the note receivable?The amount of funds that the borrower is obligated to pay to the lender in addition to the loan's initial is known as interest on a note receivable. It is sometimes levied on an annual or moderately basis and is generally characterized as a percentage of the principle sum. The interest rate, which may be fixed or variable, is often set at a level that makes up for the time value of the funds and the decent credit risk for the provider.
The accumulation of interest is shown in the accounting records as interest receivable, whereas interest on notes receivable is shown as an expense in the earnings statement. When interest income is accrued rather than received, it is recorded.
According to question:
This can be calculated by multiplying the outstanding principal balance of the note ($150,000 - $50,000 - $50,000 = $50,000) by the annual interest rate (8%).
$50,000 x 0.08 = $4,000
So the interest accrues is $4,000 per year, and in year 3, 2 years of interest have accrued, $4,000 x 2 = $8,000
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a gas station employee monitored gas sales one day. the data showed that 80% of customers purchased regular gas. of the customers who purchased regular gas, 10% paid in cash, whereas 20% of the customers who did not purchase regular gas paid in cash. what percentage of the customers paid in cash? 30% 28% 14% 12%
A gas station employee monitored gas sales one day. the data showed that 80% of customers purchased regular gas. 28%, of the customers paid in cash. Thus, option (b) is correct.
80% of customers, according to the report, bought normal gas. 10% of those who bought normal petrol paid with cash. Additionally, 20% of customers who didn't buy regular petrol made cash payments.
80% of customers bought standard petrol, while 10% of them made cash payments. This represents 80% plus 10%, or 8%, of all customers.
20% of customers paid with cash and 20% did not purchase normal petrol. This represents 20% x 20%, or 4%, of all customers.
8 + 4 = 12
100 people in all.
12/100 × 100% = 12%
20% - 4% = 16%
customers paid in cash = 12% + 16%
customers paid in cash = 28%
Therefore, option (b) is correct.
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how do the percentage change in real gdp and the percentage change in real gdp per capita compare? which is larger? do we expect them to have this relationship?
Nevertheless, understanding the link between the percentage change in real GDP and the percentage change in real GDP per capita can be difficult.
When the percentage change of these two variables is compared, we frequently notice that the change in real GDP is bigger than the change in real GDP per capita. This is due to the fact that real GDP per capita considers not only the production of goods and services, but also the population size. As a result, if the population grows rapidly, real GDP per capita will expand more slowly than real GDP.
It's vital to remember that the relationship between these two changes might vary based on population increase. We predict the percentage change in real GDP and the percentage change in real GDP per capita to be more similar in economies with modest population growth.
However, in countries with rapid population growth, the percentage change in real GDP is expected to be greater than the percentage change in real GDP per capita.
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which federal law allows consumers to withhold payment for faulty or defective goods or services (within certain limitations) when purchased with a credit card?
The Fair Credit Billing Act is a federal legislation that permits consumers to withhold payment for faulty or defective products or services purchased using a credit card (FCBA). The FCBA is a 1974 consumer protection statute that is implemented by the Federal Trade Commission (FTC).
Consumers have the right under the FCBA to dispute any charges on their credit card account that they feel are inaccurate or unlawful. Charges for faulty or damaged goods or services are included. If a customer challenges a charge, the credit card company must investigate and either remedy the error or explain why the charge is correct.
It's important to note that this has certain restrictions. A customer must contact the creditor within 60 days of receiving the first bill with the inaccuracy. Furthermore, this statute applies solely to credit card bills, not debit card or cash purchases.
The FCBA only applies to credit card purchases conducted in the United States. Different rules may apply if the purchase was made in another nation.
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a company had $7,090,000 in net income for the year. its net sales were $16,100,000 for the same period. calculate its profit margin.
The net profit margin arithmetic is straightforward. Divide your net income by your sales or revenue, sometimes called the top line. According to this equation, profit margin for given question will be 44.03%.
Net income for the year= $7,090,000
Net sales for the year= $16,100,000
Profit margin for the year= Net income÷ Net sales
Profit margin for the year= $7,090,000÷ $16,100,000
Profit is defined as the financial benefit realized when the revenue generated by a business activity surpasses the expenditures, costs, and taxes associated with the activity in question. Profits are returned to company owners, who can choose to pocket the money, distribute it to dividends to shareholders or reinvest it into the company. Total revenue less total costs equals profit. Companies report net profit, operating income, and net profit for accounting purposes (the "bottom line"). Profitable businesses are appealing to investors because profits are either distributed to shareholders through dividends or reinvested into the business, increasing stock value.
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Financial institutions could use an on balance sheet hedging strategy to lock-in the larger spread between _____ and ______ that may be obtainable in foreign markets.
stocks; bonds
government bonds; junk bonds
government bonds, corporate bonds
deposit rates; loan rates
Financial institutions could use an on balance sheet hedging strategy to lock-in the larger spread between government bonds and corporate bonds that may be obtainable in foreign markets.
Financial institutions could use an on balance sheet hedging strategy to lock-in the larger spread between government bonds and corporate bonds that may be obtainable in foreign markets. This strategy involves purchasing government bonds in the domestic market and then simultaneously entering into an offsetting foreign exchange contract to hedge the currency risk associated with the purchase. The institution can then take advantage of the larger spread that may be available in foreign markets while avoiding the additional risk that comes with currency fluctuations. The institution can then earn a greater return on their investment while mitigating the associated risk.
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