The per-unit selling price of the good is $15. When the total cost of producing 15,000 units is $5,300,000.
If we add a mark-up equal to 25% of cost, we would add 25% of $5,300,000, which is $1,325,000. So, the total cost plus mark-up would be $6,625,000. To find the per unit selling price, we divide the total cost plus mark-up by the number of units produced: $6,625,000 ÷ 15,000 = $441.67 per unit.
For the second, the total cost of producing 10,000 units is $100,000. If we add a mark-up equal to 50% of cost, we would add 50% of $100,000, which is $50,000. So, the total cost plus mark-up would be $150,000. To find the per unit selling price, we divide the total cost plus mark-up by the number of units produced: $150,000 ÷ 10,000 = $15 per unit.
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Correctly match each function of money to its definition.
a. Money is a medium of exchange when:
it is used to communicate the market value of goods and services.
it is used to transfer wealth from the present to the future.
it is used to facilitate trade between buyers and sellers.
b. Money is a store of value when:
it is used to facilitate trade between buyers and sellers.
it is used to transfer wealth from the present to the future.
it is used to communicate the market value of goods and services.
a. Money is a medium of exchange when it is used to facilitate trade between buyers and sellers.
b. Money is a store of value when it is used to transfer wealth from the present to the future
Money serves three main functions in an economy: medium of exchange, store of value, and unit of account.
a. Money is a medium of exchange when it is used to facilitate trade between buyers and sellers.This means that money serves as a commonly accepted means of payment for goods and services, allowing transactions to take place more efficiently than if bartering were used. Money communicates the market value of goods and services because it provides a standard unit of value that can be easily compared across different products or services.
This means that money retains its value over time, allowing individuals to save and accumulate wealth for future use. As a store of value, money can be easily stored and retrieved when needed, providing a reliable means of preserving wealth. Money is not used to facilitate trade between buyers and sellers nor is it used to communicate the market value of goods and services in this context.
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2) How did Uber balance global standardization and localadaptation in China?
Uber balanced global standardization and local adaptation in China by multiple business strategies.
By implementing the following strategies, Uber has established success in Chinese Market:
1. Maintaining core business model: Uber maintained its global standardization by using the same core business model of ride-hailing through a mobile app, ensuring consistency and familiarity for users worldwide.
2. Adapting to local payment methods: To adapt to the local market, Uber integrated popular Chinese payment options like Alipay and WeChat Pay, making transactions convenient for users in China.
3. Collaborating with local partners: Uber formed partnerships with local companies like Baidu to better understand the Chinese market and navigate its unique challenges.
4. Offering localized services: Uber introduced specific services tailored to the Chinese market, such as UberCOMMUTE and People's Uber, catering to local needs and preferences.
5. Hiring local talent: Uber hired local employees and management to effectively connect with Chinese users, helping to bridge cultural gaps and ensure smooth operations.
By combining global standardization with local adaptation, Uber was able to successfully penetrate the Chinese market while maintaining the key elements of its business model.
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Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of $12. At the start of January 2021, VGC’s income statement accounts had zero balances and its balance sheet account balances were as follows:
Cash $ 1,590,000
Accounts Receivable 245,000
Supplies 17,800
Equipment 922,000
Buildings 435,000
Land 1,250,000
Accounts Payable 137,000
Deferred Revenue 140,000
Notes Payable (due 2025) 81,000
Common Stock 2,800,000
Retained Earnings 1,301,800
In addition to the above accounts, VGC’s chart of accounts includes the following: Service Revenue, Salaries and Wages Expense, Advertising Expense, and Utilities Expense. The following transactions occurred during the January month:
Received $65,250 cash from customers on 1/1 for subscriptions that had already been earned and charged on account in 2020.
Purchased 10 new computer servers for $34,600 on 1/2; paid $14,400 cash and signed a three-year note for the remainder owed.
Paid $12,600 for an Internet advertisement run on 1/3.
On January 4, purchased and received $3,300 of supplies on account.
Received $215,000 cash on 1/5 from customers for service revenue earned in January.
On January 6, paid $3,300 cash for supplies purchased on January 4.
On January 7, sold 19,200 subscriptions at $12 each for services provided during January. Half was collected in cash and half was sold on account.
Paid $420,000 in wages to employees on 1/30 for work done in January.
On January 31, received an electric and gas utility bill for $5,250 for January utility services. The bill will be paid in February.
rev: 09_22_2021_QC_CS-279217
Prepare a classified Balance Sheet at January 31, 2021, using your response to part 6.
(1) Beginning cash balance of $1,590,000 decreased by $65,250 cash received for subscriptions earned in 2020, $14,400 cash paid for computer servers, $12,600 cash paid for internet advertising, $3,300 cash paid for supplies,
and half of $19,200 cash received for subscriptions sold on account, and increased by $215,000 cash received for service revenue earned in January.
Vanishing Games Corporation (VGC)
Balance Sheet
January 31, 2021
Assets:
Cash $ 822,650 (1)
Accounts Receivable 464,750 (2)
Supplies 300 (3)
Equipment 907,400 (4)
Buildings 435,000
Land 1,250,000
Total Assets $3,869,100
Liabilities and Equity:
Accounts Payable $ 3,300 (5)
Deferred Revenue 194,400 (6)
Notes Payable (due 2025) 66,600 (7)
Total Liabilities 264,300
Common Stock 2,800,000
Retained Earnings 804,800 (8)
Total Liabilities and Equity $3,869,100
(2) Accounts receivable increased by $215,000 cash received from customers for service revenue earned in January and decreased by $10,250 ($65,250 cash received for subscriptions earned in 2020 minus $55,000 earned in January for subscriptions sold on account).
(3) Supplies increased by $3,300 purchased on account on January 4 and decreased by $3,000 ($3,300 purchased minus $300 paid for supplies purchased on January 6).
(4) Equipment increased by $34,600 cost of new computer servers purchased on January 2.
(5) Accounts payable increased by $3,300 supplies purchased on account on January 4.
(6) Deferred revenue increased by $19,200 subscriptions sold on account on January 7.
(7) Notes payable increased by $20,400 ($81,000 x 3 years x 1 month/36 months) interest accrued on note payable.
(8) Retained earnings increased by $55,000 earned in January for subscriptions sold on account and decreased by $420,000 paid for wages and $19,200 earned in January for subscriptions sold on account.
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dunston company will receive $500,000 in a future year. if the future receipt is discounted at an interest rate of 10%, its present value is $256,580. in how many years is the $500,000 received?
It will take approximately 8.24 years for the Dunston Company to receive the $500,000.
Based on the information provided, we know that the present value of the future receipt of $500,000 is $256,580 when discounted at a 10% interest rate. Therefore, we can use the formula for present value:
PV = FV / (1 + r)^n
Where PV is the present value, FV is the future value, r is the interest rate, and n is the number of years.
Plugging in the given values, we get:
$256,580 = $500,000 / (1 + 0.10)^n
Simplifying this equation, we get:
(1 + 0.10)^n = $500,000 / $256,580
(1.10)^n = 1.9494
n = log(1.9494) / log(1.10)
n ≈ 8.24
Therefore, it will take approximately 8.24 years for the Dunston Company to receive the $500,000.
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-What areas of management
functions are involved in this scenario? What skills? What
strategies?
-What is the logical, business-based approach for a manager to
take in this situation? Explain your position.
-What would you do, and why?
-How would you describe the culture of this company, based on
the limited information in the scenario?
In the given scenario, several areas of management functions are involved, including planning, organizing, leading, and controlling.
The skills required for managing this situation encompass communication, problem-solving, decision-making, and interpersonal skills. The strategies that can be applied involve analysis, collaboration, and adaptability mainly planning.
The logical, business-based approach for a manager to take in this situation would involve:
1. Assessing the current state of affairs and identifying the root causes of the problem.
2. Communicating with team members to gather their perspectives and suggestions.
3. Developing a comprehensive plan to address the issues, with clear objectives and a timeline.
4. Allocating resources and assigning responsibilities to team members.
5. Monitoring progress and adjusting the plan as needed based on feedback and results.
Additionally, the company likely values adaptability and continuous improvement, given the need to develop strategies and adjust plans to resolve the issues.
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9. The numerator in the formula for equivalent units includes all beginning inventory costs when using the FIFO costing assumption.true or false
False. The numerator in the formula for equivalent units includes only the costs incurred during the current period for both beginning work in process inventory and units started and completed during the period.
The FIFO (first-in, first-out) costing assumption only affects the allocation of costs between the beginning work in process inventory and units started and completed during the period, but it does not affect the inclusion of costs in the equivalent units calculation.
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in 2011, there were 11 modeling agencies in singapore found to have acted together in raising prices for modeling services. these firms acted as a: disunion. bertrand monopoly. cartel. co-op.
In 2011, the 11 modeling agencies in Singapore that acted together in raising prices for modeling services can be described as a "cartel." A cartel is a group of independent firms that collude to control prices, restrict output, or limit competition in a particular market. In this case, the agencies worked together to raise prices for modeling services, behaving like a monopoly but without being a single entity.
In 2011, 11 modeling agencies in Singapore were found to have colluded in raising prices for modeling services. This behavior is characteristic of a cartel, which is a group of firms that work together to reduce competition and increase profits. In this case, the modeling agencies acted as a disunion Bertrand monopoly, which means that each firm set its own price but colluded to maintain higher prices in the market. This type of behavior is illegal and harms consumers by limiting their options and forcing them to pay higher prices for services.
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true/false. a shipping company that your business started using a month ago regularly inflates its shipping rates, fails to meet scheduled deliveries, and loses packages. you decide to write a letter to the shipping company to end the business relationship.
True. As a business owner, it is important to maintain a good relationship with vendors and suppliers, but if a shipping company is consistently failing to meet expectations and causing problems, it may be necessary to terminate the business relationship.
A letter can be a professional way to communicate this decision and provide specific examples of the issues experienced. It is important to do so in a respectful and factual manner to minimize any potential legal or reputational risks for the business.
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nominal interest rates and prices of previously issued boinds will be affected in which of the following ways when money dmenad exceeds money supply?
When money demand exceeds money supply, nominal interest rates will increase as a result of the higher demand for money.
This increase in interest rates will lead to a decrease in the prices of previously issued bonds, as investors will demand higher returns to compensate for the higher interest rates. In other words, the prices of bonds will decrease because their yields will increase to match the higher interest rates in the market.
When money demand exceeds money supply, nominal interest rates will typically increase, while the prices of previously issued bonds will generally decrease. This occurs because the increased demand for money leads to higher borrowing costs, and the higher nominal interest rates make older bonds with lower fixed interest rates less attractive, causing their prices to decline.
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Full question:
nominal interest rates and prices of previously issued bonds will be affected in which of the following ways when money demand exceeds money supply? responses nominal interest rates will decrease, and bond prices will decrease. nominal interest rates will decrease, and bond prices will decrease. nominal interest rates will increase, and bond prices will decrease. nominal interest rates will increase, and bond prices will decrease. nominal interest rates will decrease, and bond prices will increase. nominal interest rates will decrease, and bond prices will increase. nominal interest rates will increase, and bond prices will increase. nominal interest rates will increase, and bond prices will increase. nominal interest rates will not change, and bond prices will not change.
keesha company borrows $205,000 cash on december 1 of the current year by signing a 90-day, 11%, $205,000 note. 1. on what date does this note mature? 2.
The note will mature on February 28th of the following year, which is 90 days after December 1st. $3,328.22 is the amount of interest expense in the current year and the following year from this note
(1) The note will mature on February 28th of the following year, which is 90 days after December 1st. The maturity date of a note is the date on which the principal and any accrued interest must be repaid to the lender.
In this case, since the note is due in 90 days, we count forward 90 days from December 1st to find the maturity date. It's important for the borrower to keep track of the maturity date and make sure they have the funds available to repay the note on time.
Failure to do so can result in default, which can harm the borrower's credit rating and make it more difficult to obtain financing in the future.
(2) The interest expense for the current year is calculated by taking the amount of the note ($205,000) multiplied by the interest rate (11%) and then multiplying that result by the portion of the year the note was outstanding.
Since the note was issued on December 1st, there are 31 days remaining in the year, so the interest expense for the current year is:
[tex]($205,000 \times 0.11 \times 31/365)[/tex]
= $1,774.52
In the following year, assuming the note is repaid on the maturity date, the interest expense will be:
[tex]($205,000 \times 0.11 \times 59/365)[/tex]
= $3,328.22
It's important for the borrower to factor in the interest expense when deciding whether to take on a loan, as it will increase the total cost of borrowing and impact the company's profitability.
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Complete Question:
Keesha company borrows $205,000 cash on December 1 of the current year by signing a 90-day, 11%, $205,000 note.
1. on what date does this note mature?
2. What is the amount of interest expense in the current year and the following year from this note?
b. how many potential equilibria are there? (hint: to see whether a given combination of strategies is an equilibrium, ask whether either player could get a higher payoff by changing his or her strategy.)
There are three potential equilibria in this game: (cooperate, cooperate), (cooperate, defect), and (defect, cooperate).
To determine how many potential equilibria there are, we need to analyze the possible combinations of strategies and see if any player could benefit from changing their strategy. An equilibrium occurs when neither player has an incentive to change their strategy, given the other player's strategy.
In this case, there are two possible strategies for each player: cooperate or defect. Therefore, there are four possible combinations of strategies: (cooperate, cooperate), (cooperate, defect), (defect, cooperate), and (defect, defect).
To determine if each combination is a potential equilibrium, we need to consider whether either player could get a higher payoff by changing their strategy. For example, if both players cooperate, they each receive a payoff of 3. If one player defects, they receive a payoff of 5 while the other player receives a payoff of 0. If both players defect, they each receive a payoff of 1.
We can see that (defect, defect) is not an equilibrium, as both players would benefit from switching to cooperate. However, the other three combinations are potential equilibria. In (cooperate, cooperate), neither player has an incentive to switch to defect, as they would receive a lower payoff of 2. In (cooperate, defect) and (defect, cooperate), if one player switches their strategy, they will receive a lower payoff of 1 while the other player will receive a higher payoff of 5. Therefore, all three remaining combinations are potential equilibria.
In summary, there are three potential equilibria in this game: (cooperate, cooperate), (cooperate, defect), and (defect, cooperate).
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There is a monopolist serving as a bus company. It serves to two markets: White collars (there are 10 of them) and students there are 10 of them). An agent's utility is d;9-P; where d; >O is the taste parameter, 9 >O is the quality of the service they get and p; is the price they pay. Assume white collars have the same parameter among themselves which is equal to 2, and students have the same parameter among themselves which is equal to 1. Each agent has an outside option of O. The cost of giving a service q; costs q? to the bus company. (Choose the option(s) which is/are true about the setting above. 1.75 points for each correct option, in total 3.5 points. Options are independent.) A) Assume the company can detect who is who. The problem of the company is an unconstrained maximisation problem. B) Assume the company cannot distinguish white collars from students. In this case the total profit of the firm is 8.24. C) Assume the company can detect who is who. In this case the total profit of the firm is 12.5 D) The contracts under asymmetric information is better for white-collars compared to contracts under full information.
Options A and D are true in the given setting. Options B and C remain unconfirmed company without exact calculations of the total profit and price they pay.
A) If the company can detect who is who (white collars and students), it can set different prices for each group. This allows the company to maximize profit without constraints, so this option is true.
B) If the company cannot distinguish white collars from students, we need to calculate the total profit to check if it is 8.24. Assuming equal utility for each group, the company would set the same price for everyone, which would maximize the total utility. However, without exact calculations, we cannot confirm if the total profit is 8.24. So, this option remains unconfirmed.
C) If the company can detect who is who, we need to calculate the total profit to check if it is 12.5. The company would set different prices for each group, maximizing profit. However, without exact calculations, we cannot confirm if the total profit is 12.5. So, this option remains unconfirmed as well.
D) Contracts under asymmetric information, where the company cannot distinguish between white collars and students, may lead to adverse selection or inefficiencies. Therefore, contracts under full information, where the company can differentiate between the two groups, would generally be better for white-collars. So, this option is true.
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When the cost of getting a container full of stuffed toys quadruples, "we have to raise prices in order to make money," says Mike Molson Hart, the president of Viahart, which sells plush animals and toys called Brain Flakes, primarily on Amazon. "The question becomes, is anyone going to buy this at the new, higher price?." Considering the above paragraph from the article, which of the following statements is true? The supply curve is shifting to the right. The demand curve is shifting to the right. The law of demand holds. In this case, the law of demand does not hold.
In this case, the law of demand holds.The law of demand states that, all else being equal, as the price of a good or service increases, the quantity demanded for that good or service will decrease.
In the given paragraph, the company president mentions that they have to raise prices due to the increased cost of getting the container full of stuffed toys. This suggests that the company is facing higher costs, which may lead to a decrease in the quantity demanded of their products if they raise prices.The statement "The question becomes, is anyone going to buy this at the new, higher price?" also indicates that the company is concerned about the impact of the price increase on demand for their products. If the demand for their products decreases as a result of the price increase, this would suggest that the law of demand is holding.Therefore, in this case, the law of demand holds.
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Moran Steel started the year with total assets of $210,000 and total liabilities of $95,000. During the year the business recorded $200,000 in revenues, $110,000 in expenses, and dividends of $45,000. Stockholders' equity at the end of the year wasA : $250,000B : $160,000C : $175,000D : $119,000
We need to use the accounting equation: Assets = Liabilities + Stockholders' Equity.
At the beginning of the year, Moran Steel had total assets of $210,000 and total liabilities of $95,000. So, their stockholders' equity was:
Stockholders' Equity = Assets - Liabilities
Stockholders' Equity = $210,000 - $95,000
Stockholders' Equity = $115,000
During the year, Moran Steel recorded $200,000 in revenues and $110,000 in expenses. This means their net income (revenues - expenses) for the year was:
Net Income = Revenues - Expenses
Net Income = $200,000 - $110,000
Net Income = $90,000
However, Moran Steel also paid dividends of $45,000 during the year. Dividends are a distribution of earnings to stockholders and reduce stockholders' equity. So, we need to subtract the dividends from the net income to find the increase in stockholders' equity for the year:
Increase in Stockholders' Equity = Net Income - Dividends
Increase in Stockholders' Equity = $90,000 - $45,000
Increase in Stockholders' Equity = $45,000
To find the ending stockholders' equity, we add the increase in stockholders' equity to the beginning stockholders' equity:
Ending Stockholders' Equity = Beginning Stockholders' Equity + Increase in Stockholders' Equity
Ending Stockholders' Equity = $115,000 + $45,000
Ending Stockholders' Equity = $160,000
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arturo makes and sells organic frozen yogurt with fresh fruit toppings. he wants to price discriminate according to a preference for organic food so that those with the most inelastic demand for organic food pay the highest price. to accomplish this, to which group should he give discount coupons for his yogurt? students at the local art school customers of the local fast-food restaurant people who come to the community's weekly farmers market members of the local organic food co-op
By giving this group discounts, he can attract those with a more elastic demand while maintaining a higher price for those with inelastic demand, thus achieving his goal of price discrimination.
To accomplish price discrimination according to a preference for organic food, Arturo should give discount coupons for his frozen yogurt with fresh fruit toppings to customers of the local fast-food restaurant.
This group likely has a more elastic demand for organic food, as they may not prioritize organic options as much as the other groups mentioned (students at the local art school, people who come to the community's weekly farmers market, and members of the local organic food co-op).
By giving this group discounts, he can attract those with a more elastic demand while maintaining a higher price for those with inelastic demand, thus achieving his goal of price discrimination.
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On June 30,2024 , Single Computers issued 5% stated rate bonds with a face amount of $160 million. The bonds mature on June 30 , 2039 (15 years). The market rate of interest for similar bond issues was 4% (2.0\% semiannual rate), Interest is paid semiannualiy (2.5\%) on June 30 and December 31, beginning on December 31, 2024. Note: Use tables, Excel, or a financial calculator. (EV of \$3. PY of \$1. EVA of \$1. PVA of \$1. EVAD of \$1 and PVAD of \$I) Required: 1. Determine the price of the bonds on June 30,2024. 2. Calculate the interest expense Single reports in 2024 for these bonds using the effective interest method. Complete this question by entering your answers in the tabs below. Determine the price of the bands on June 30,2024 , Notei Round percentage answers to one decimal place, Pound your finat arswers to nearest whole doliar amount, not in miltions. On June 30, 2024, Single Computers issued 5% stated rate bonds with a face amount of $160 million. The bonds mature on June 30 , 2039 (15 years). The market rate of interest for similar bond issues was 4% (2.0\% semiannual rate). Interest is paid semiannually (2.5\%) on June 30 and December 31, beginning on December 31, 2024. Note: Use tables, Excel, or a financial calculator. (FV of \$1. PY of \$1. EVA of S1, PYA of S1. EVAD of S1 and PYAD. of Si1) Required: 1. Determine the pice of the bonds on June 30,2024 2. Calculate the interest expense Single reports in 2024 for these bonds using the effective interest method. Complete this question by entering your answers in the tabs below. Calculate the interest expense 5 ingle reports in 2024 for these bonds using the effective interest method. Notei Enter all the values as postive value. Round your finat answers to nearest whole dotar amount, not in millons.
Present value of bond = $17,79,17,164 and Carrying value of bond = $17,74,75,507.
The idea of present value holds that money today is worth more than it will be in the future. In other words, money received in the future is not as valuable as money obtained today in the same amount. A $1,000 gift today is worth more than a $1,000 gift in five years.
The future value is equal to the present value divided by the sum of 1 plus the interest rate per period raised to the number of time periods, according to the present value formula PV = FV/(1+i)n.
Thus, Present value of bond = $17,79,17,164 and Carrying value of bond = $17,74,75,507.
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The solution is attached below-
A company purchased $3,600 of merchandise on july 5 with terms 2/10, n/30. on july 7, it returned $800 worth of merchandise. on july 12, it paid the full amount due. assuming the company uses a perpetual inventory system, and records purchases using the gross method, the correct journal entry to record the payment on july 12 is: a. debit merchandise inventory $2,800; credit cash $2,800. b. debit accounts payable $3,600; credit cash $3,600. c. debit accounts payable $2,800; credit cash $2,800.
d. debit accounts payable $2,800; credit merchandise inventory $56; credit cash $2,744. e. debit cash $2,800; credit accounts payable $2,800.
The correct journal entry to record the payment on July 12 would be option C: debit accounts payable $2,800; credit cash $2,800.
To explain why, let's break down the events that occurred. The company purchased $3,600 of merchandise on July 5 with terms 2/10, n/30. This means that if they pay within 10 days, they can take a 2% discount. Otherwise, they must pay the full amount within 30 days.
On July 7, they returned $800 worth of merchandise. This means that their net purchases (purchases minus returns) are now $2,800.
Since the company uses a perpetual inventory system and records purchases using the gross method, the initial journal entry for the purchase would be a debit to merchandise inventory for $3,600 and a credit to accounts payable for $3,600.
When the company pays on July 12, they are within the discount period, so they can take a 2% discount on the net purchases of $2,800. This discount is $56 (2% of $2,800). Therefore, the total amount they need to pay is $2,744 ($2,800 - $56).
The journal entry to record the payment would be a debit to accounts payable for $2,800 (the full amount of the net purchases), and a credit to cash for $2,800 (the amount paid). There is no need to record the discount separately because it is already reflected in the amount paid.
Option C is therefore the correct journal entry to record the payment on July 12.
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according to the lecture, which of the following is not one of the characteristics of objectives when establishing social media goals?
According to the lecture, the term "media" is not one of the characteristics of objectives when establishing social media goals. The four characteristics mentioned were specific, measurable, achievable, and relevant.
According to the lecture, when establishing social media goals, one of the characteristics that is NOT part of the objectives would be: Irrelevant metrics
To explain further, when setting objectives for social media goals, it's essential to focus on relevant metrics that align with your overall business strategy. Including irrelevant metrics as an objective would not contribute to the effectiveness of your social media campaign.
According to the lecture, the term "media" is not one of the characteristics of objectives when establishing social media goals. The four characteristics mentioned were specific, measurable, achievable, and relevant.
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Eleanor Rigby is an employee of Strawberry Fields Music, Inc., a firm that specializes in the preparation of original music for possible use by advertisers in TV and radio commercials. In January 2000, Rigby wrote a song that is protected by copyright. She wrote the song as part of her regular duties as a Strawberry Fields employee. Rigby and Strawberry Fields did not have a written agreement concerning ownership of the copyright on the song. In February 2000, Rigby and Strawberry Fields published the song by making large numbers of copies available to the public. Statements A through D deal with ownership of the copyright on the song and with the duration of the copyright. Which statement is legally accurate? a. Rigby owns the copyright, which will expire 50 years after her death. b. Rigby owns the copyright, which will expire in 2100. c. Strawberry Fields owns the copyright, which will expire in 2095. d. Strawberry Fields owns the copyright, which will expire 50 years after Rigby's death.
The legally accurate statement in this scenario is c. Strawberry Fields owns the copyright, which will expire in 2095. The term for a song considered a "work made for hire" is 95 years from the date of publication or until the year 2095.
Under the U.S. Copyright Act, an employee who creates a copyrighted work within the scope of their employment duties is generally considered to be creating a "work made for hire."
This means that the employer, in this case, Strawberry Fields, is the legal owner of the copyright on the song. However, if there was no written agreement between Rigby and Strawberry Fields regarding ownership of the copyright, the situation becomes more complicated.
In this case, a court would need to determine whether Rigby's creation of the song fell within the scope of her employment duties. If it did, then the copyright would belong to Strawberry Fields.
Assuming that the court determines that the song was created within the scope of Rigby's employment, Strawberry Fields would own the copyright, not Rigby.
Additionally, since the song was published in February 2000, it would be subject to the current copyright term, which is the life of the author plus 70 years.
If the song is considered a "work made for hire," then the term would be 95 years from the date of publication, or until the year 2095. Therefore, the correct answer is c. Strawberry Fields owns the copyright, which will expire in 2095.
It's important to note that without a written agreement between Rigby and Strawberry Fields, the ownership of the copyright can be subject to legal interpretation, making it crucial for employees and employers to have clear agreements in place regarding intellectual property ownership.
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Please provide 3 examples of adjusting entries in general
journal format (prepaid expenses, accrued expenses, unearned
revenue, and accrued revenue).
Here are three examples of adjusting entries in general journal format: Prepaid Expenses: A company has prepaid $12,000 for a one-year insurance policy.
Prepaid Expenses: The adjusting entry would be:
Insurance Expense 3,000
Prepaid Insurance 3,000
Accrued Expenses: A company has employees who have worked the last week of the month, but their paychecks won't be processed until the following month. The company needs to adjust its accounts to reflect this expense. The adjusting entry would be:
Salaries Expense 5,000
Salaries Payable 5,000
Accrued Revenue: A company provided services to a customer at the end of the month, but the customer hasn't paid yet. The company needs to adjust its accounts to reflect the revenue that it has earned. The adjusting entry would be:
Accounts Receivable 2,000
Consulting Revenue 2,000
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On January 1, 2021, Splash City issues $320,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Required:Assuming the market interest rate on the issue date is 8%, the bonds will issue at $320,000. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021.
On January 1, 2021, Splash City issued $320,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. The market interest rate on the issue date is also 8%, which means the bonds will issue at par value.
To record the bond issue on January 1, 2021, Splash City would debit Cash for $320,000 and credit Bonds Payable for $320,000.
On June 30, 2021, Splash City would need to make its first semiannual interest payment of $12,800 ($320,000 x 8% x 6/12). To record this payment, the company would debit Interest Expense for $12,800 and credit Cash for $12,800.
On December 31, 2021, Splash City would need to make its second semiannual interest payment of $12,800. To record this payment, the company would once again debit Interest Expense for $12,800 and credit Cash for $12,800.
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true or false?loans are considered a liability to banks because they are not guaranteed to get the money back.
Answer:
False. Loans are not considered a liability to banks. They are considered as assets by the banks.
Explanation:
Banks provide loans to borrowers, such as people or companies, in order to make money from interest payments.
A bank's balance sheet shows the loan amount as an asset when it makes a loan.
Loans reflect a sum of money that the bank anticipates returning with interest over time, therefore they are regarded as assets by banks.
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Scenario You are a business analyst working at a small, domestic organization that produces high-quality baseball bats. Your organization has begun to see its sales flatten in the domestic market. While the organization is not losing money, leadership would like to explore options to continue to grow. One option that leadership has noticed competitors attempting is entering international markets. You have been asked to examine the benefits, drawbacks, and key considerations for your organization to enter one of the global markets below, and summarize your findings in a business brief for leadership. Continue to use your Canada market from Milestone One.
Market Considerations: Discuss the legal and regulatory considerations in your selected market that can impact business decisions regarding expansion to new global markets. You should also consider corporate social responsibility for each market consideration.
Legal and Regulatory Considerations: Compare and contrast important legal and regulatory requirements of your selected market against those in the domestic market, including trade restrictions, regulations of products or services, legal processes for business transactions, and import restrictions or documentation.
As a business analyst, I understand the concerns you have regarding your organization's stagnant sales in the domestic market. As you consider expanding into a new global market, it is essential to examine the legal and regulatory considerations in your selected market that can impact your business decisions.
In conclusion, before expanding into a new global market, it is essential to examine the legal and regulatory considerations, as well as the potential risks and benefits associated with doing business in that market. By understanding the corporate social responsibility and legal requirements of the Canadian market, your organization can make informed decisions that will help to ensure a successful expansion.
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social consequences of business activities, including pollution, energy loss, and dangerous accidents, are known as blank . multiple choice question.
The social consequences of business activities, including pollution, energy loss, and dangerous accidents, are known as externalities.
Externalities are the effects that business have on society that are not reflected in their financial statements or taken into account when making business decisions. They can be positive, such as when a business creates jobs and contributes to the local economy, or negative, such as when a business pollutes the environment or causes harm to people or property.
Negative externalities can lead to social unrest, health problems, and environmental degradation, which can ultimately harm the long-term sustainability of the business and the communities it operates in.
Therefore, it is important for businesses to consider the social consequences of their activities and take steps to minimize negative externalities and maximize positive ones.
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When output is large, average fixed cost is already quite small, so increasing output further has only a very small spreading effect.
When output is large, the average fixed cost per unit of output is already quite low. This is because fixed costs are spread out over a larger number of units.
This statement is related to the concepts of average fixed cost and spreading effect.
Average Fixed Cost (AFC) is calculated by dividing the total fixed costs by the quantity of output. As output increases, AFC decreases because the fixed costs are spread over a larger quantity of output. This is known as the spreading effect.
In the scenario you mentioned, when the output is already large, the average fixed cost is quite small. This is because the fixed costs have already been spread over a large quantity of output. If you were to increase the output even further, the additional spreading effect would be minimal since the average fixed cost is already low. Consequently, the reduction in AFC would be very small, and the impact on overall cost efficiency might not be as significant as when output levels were lower.
In summary:
1. Average Fixed Cost (AFC) decreases as output increases due to the spreading effect.
2. When output is large, the AFC is already small because fixed costs have been spread over a large quantity of output.
3. Increasing output further will result in only a very small spreading effect and reduction in AFC, as it is already at a low level.
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Which reserve market graphs demonstrates the effect of the central bank of zenobia increasing its administered interest rates?
The reserve market graph that demonstrates the effect of the central bank of Zenobia increasing its administered interest rates is the Money Market Graph.
The Money Market Graph shows the supply and demand for money in an economy. When the central bank increases its administered interest rates, it will decrease the demand for money, as borrowing becomes more expensive, and it will increase the supply of money, as savers will be incentivized to keep their money in the bank.
The shift in the supply and demand curves will result in a new equilibrium interest rate, which will be higher than the previous one. The increase in interest rates will have a contractionary effect on the economy, as it will reduce investment and consumption, leading to lower aggregate demand and slower economic growth. The increase in interest rates will also lead to a strengthening of the domestic currency, as foreign investors will be attracted by the higher returns.
Overall, the Money Market Graph is an important tool for understanding the effects of central bank policies on the economy.
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A firm operated at 90% of capacity for the past year, during which fixed costs were $420,000, variable cost were 40% of sales, and sales were $1,000,000. Operating profit was?
a. $1,080,000
b. $980,000
c. $180,000
d. $42,000
The operating profit of a firm operated at 90% of capacity for the past year, during which fixed costs were $420,000, variable costs were 40% of sales, and sales were $1,000,000 is $180,000 (Option C).
To determine the operating profit, we need to follow these steps:
1. Calculate the total variable costs by multiplying the sales by the variable cost percentage: Total Cost = Fixed Cost + Variable Cost
$1,000,000 x 0.40 = $400,000.
2. Calculate the total costs, which is the sum of fixed costs and variable costs: $420,000 (fixed costs) + $400,000 (variable costs) = $820,000.
3. Determine the operating profit by subtracting the total costs from the sales: $1,000,000 (sales) - $820,000 (total costs) = $180,000.
So, the operating profit is $180,000, which corresponds to option C.
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Ajax Enterprises is engaged in collective bargaining with the Fair Union. The number one goal of the union members is a wage increase. Ajax does not seem interested in giving them one. The union is getting more frustrated. Eventually, they threaten to go on strike unless they receive a 5% wage increase. Ajax refuses. The members go on strike. Ajax then locks the employees out of the business. Based on these facts, which of the following is true?
Group of answer choices
a. If Ajax was bargaining in good faith, the employees can return to their jobs.
b. Under any circumstances, Ajax is committing an unfair labor practice by locking them out.
c. If Ajax was bargaining in good faith, Ajax can hire replacement workers.
d. If Ajax was not bargaining in good faith, the workers cannot return to their jobs.
Based on the given facts, under any circumstances, Ajax is committing an unfair labor practice by locking out its employees.
This is because the employees went on strike as a last resort after Ajax refused to provide a wage increase that was their primary goal in collective bargaining with the Fair Union.
Ajax's decision to lock out the employees is seen as an attempt to retaliate against them for going on strike and exercising their right to collective bargaining.
Locking out employees is considered an unfair labor practice because it deprives them of their livelihood and puts pressure on them to accept Ajax's terms, which is against the principles of good faith bargaining.
Furthermore, locking out employees can also be seen as an attempt to undermine the collective bargaining process by reducing the bargaining power of the union.
If Ajax was bargaining in good faith, Ajax can hire replacement workers.
In this situation, if Ajax Enterprises was genuinely engaged in collective bargaining with the Fair Union and was not intentionally avoiding a wage increase, they have the right to lock out the employees and hire replacement workers. This is because the union members chose to go on strike, which can negatively impact the business operations. However, if it's found that Ajax was not bargaining in good faith, other consequences and actions may follow regarding unfair labor practices.
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A financial analyst determines the yearly research and development investments for 50 blue chip companies. She notes that the distribution is distinctly not bell-shaped. If the 50 dollar amounts are converted to z-scores, what can be said about the standard deviation of the 50 z-scores?1. It is equal to 1.2. It is less that the standard deviation of the raw scores.3. It is greater that the standard deviation of the raw scores.4. It depends on the distribution of the raw scores. It is equal to the standard deviation the raw scores.
The standard deviation of the 50 z-scores will always be equal to 1, regardless of the distribution of the raw scores. The correct answer is option 1.
Converting the raw scores to z-scores involves subtracting the mean of the raw scores from each individual score and dividing the result by the standard deviation of the raw scores. This transformation standardizes the data and places it on a standard normal distribution with a mean of 0 and a standard deviation of 1.
Since the standard deviation of the standard normal distribution is always equal to 1, the standard deviation of the 50 z-scores will also be equal to 1, regardless of the distribution of the raw scores.
Therefore, the correct answer is option 1: "It is equal to 1."
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in the case of a partnership, refers to finishing the business at hand, settling accounts, and terminating the firm.
In the case of a partnership, the term "dissolution" refers to finishing the business at hand, settling accounts, and terminating the firm.
A partnership is a business arrangement where two or more individuals share ownership and management responsibilities. Dissolution is the process of ending the legal existence of the partnership and involves several steps.
1. Decision to dissolve: The partners must first decide to dissolve the partnership, either by mutual agreement or due to one partner's desire to exit the partnership.
2. Notification: Notify all relevant parties, including employees, creditors, and customers, about the impending dissolution of the partnership.
3. Settlement of accounts: The partners must settle all the partnership's accounts, including paying off outstanding debts and obligations. This may involve selling partnership assets and distributing the proceeds to the partners according to their respective ownership shares.
4. Distribution of assets: After settling the accounts, any remaining assets should be distributed to the partners in accordance with their ownership interests.
5. Legal documentation: The partners must prepare and file the necessary legal documents with the appropriate government agencies, such as the state's Secretary of State office, to officially dissolve the partnership.
6. Termination of the partnership: Once all the steps mentioned above have been completed, the partnership is considered legally dissolved and terminated.
In conclusion, dissolution of a partnership involves finishing the business at hand, settling accounts, and terminating the firm. The process requires careful planning and execution to ensure a smooth transition and minimal disruption to all parties involved.
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