A price-taking firm is a type of firm that cannot influence the price of the product it sells.
What is a price taking firm?A price-taking firm is a firm that cannot set the price for its goods and services. An example of a price-taking firm is a perfect competiton. A price-taking firm exists because there are many sellers of identical goods in the industry.
For price-taking firms, prices are set by the forces of demand and suppply.
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Hill Corporation Ltd., an Internet service provider, has been providing networking solutions to Riverdale High School for over a year. However, recently the administration at Riverdale high School has been complaining of an unstable connection. You are employed by Hill Corporation for the purpose of inspecting the issue at hand. Required:
What would be your first check point to ensure that there are no network issues from the service provider's end?
In order to ensure that there are no network issues from the Internet service provider's (ISPs) end, your first check point should be the main distribution frame (MDF).
What is main distribution frame (MDF)?Main distribution frame (MDF) can be defined as a cable rack or signal distribution frame that serves as the primary hub for connecting network equipment between Internet service provider (ISP) and the subscriber carrier equipment.
As a network administrator, you should ensure that there are no network issues from the Internet service provider's (ISPs) end, by first checking the main distribution frame (MDF).
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Using budgeting assumptions when preparing the master budget, ______.
Answer:
makes it easier to answer "what-if" questions
Explanation:
Toryn, Inc., a major player in semiconductors, makes small investments of 5-10 percent of a firm's equity in many emerging technology companies. Toryn buys the company outright once that company's technological uncertainty resolves. The option that Toryn, Inc. uses is called a ________ option.
Toryn, Inc uses Strategic company decisions option in making decision of making of small investments and buying of the company.
What is a Strategic company decision?A strategic decisions refers to vital decisions made on the environment where the firm operates, the resources and the people who form the company.
In essence, these decisions are important because they deal with harmonizing organizational resource capabilities with the threats and opportunities.
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Which of the following is considered the more industrial form of fishing?
A: Grouping
B: Netting
C: Gathering
Answer:
B
Explanation:
I hear netting a lot when people talk about fishing. I don't hear the other two when talking about fishing.
Park Corporation is planning to issue bonds with a face value of $2,100,000 and a coupon rate of 9 percent. The bonds mature in 10 years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 of this year. Park uses the effective-interest amortization method and also uses a premium account. Assume an annual market rate of interest of 7.5 percent. Required:
a. Prepare the journal entry to record the issuance of the bonds.
b. Prepare the journal entry to record the interest payment on June 30 of this year.
c. How will Park present its bonds on its June 30 balance sheet?
a.The journal entry to record the issuance of the bonds. Debit : Cash $677,135 and Credit : Bond Payable $677,135
b.The journal entry to record the interest payment on June 30 of this year. Debit : Bond Payable $43,715 ; Debit : Interest Charge $50,785 ; Credit : Cash $94,500
c.Presentation of bonds on June 30 balance sheet . Non - Current Liabilities : Bond Payable $633,420
Issuance of the bonds
Since Park Corporation is paying 7.5 percent ( Market Rate) compared to the coupon 9 percent, the Bonds will be issued at a discount. The amount recognized at issuance will be the Present Value of $677,135.
Determined as follows :
FV = $2,100,000
Pmt = ($2,100,000 x 9 %) / 2 = $94,500
N = 10 x 2 = 20
i = 7.5 %
PV = $677,135
Interest Payment
Since the effective-interest amortization method is used, the interest is calculated as follows :
Interest Charge = Present Value x Interest rate
= $677,135 x 7.5 %
= $50,785
Bonds Payable Presented on Financial Satement
Bond Payable = Present Value - ( Cash Payment - Interest charge)
= $677,135 - (94,500 - 50,785)
= $633,420
In conclusion, Since Park Corporation is paying 7.5 percent ( Market Rate) compared to the coupon 9 percent, the Bonds will be issued at a discount of $677,135
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Adah works in logistics for a manufacturing firm and manages inventories. Her managers want the organization to be more lean, but Adah knows that stockouts can lead to customer dissatisfaction. Thus, determining optimal reorder points is vital. If the usage rate of her current product is ten units per day, the order lead time is five days, and the safety stock is ten, what is the reorder point
The reorder point for Adah's Logistics Company is 60 units.
What is the reorder point?The reorder point (ROP) is the specific level at which stock needs to be replenished to avoid customer dissatisfaction while achieving inventory leanness.
In other words, the reorder point is the point at which orders can be placed to replenish stock without encountering a stockout or overstocking.
The calculation of the reorder point is to multiply the average daily usage rate by the lead time in days, plus safety stock.
Data and Calculations:
Usage rate per day = 10 units
Lead time = 5 days
Safety stock = 10 units
Reorder point = 60 (10 x 5 + 10)
Thus, the reorder point for Adah's Logistics Company is 60 units.
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Suppose there will be global catastrophe unless we hold total carbon dioxide emissions at or below 35 million tons per year. As a result, 35 million tons of emissions permits are auctioned off and the proceeds distributed equally between everybody on Earth. Is this better, worse, or basically the same as allocating to each of the 7 billion people on Earth 10 pounds of untradeable emissions permits per year?
a. better, because it lowers the cost of emissions abatement
b. worse, because it raises the cost of emissions abatement
c. about the same
d. It is impossible to say.
If 35 million tons of emissions permits are auctioned off, compared to each person getting 10 pounds of untradable emissions, it is a. better, because it lowers the cost of emissions abatement.
Why is it better?
If everyone got 10 pounds of untradable emission, the amount of emissions would be:
= (10 x 7 billion) / 2,000 pound per ton
= 35 million pounds
This is the same as the total amount of the emission permits but it is still more expensive than issuing permits because those permits are tradable.
Non-tradable permits will mean that some will exceed their permit and will be unable to share their emissions.
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based on your experience discuss a real-life example where organization behaviour was very useful for you. then imagine and discuss what was to happen if organizational behaviour was not utilized in this situation
Answer: Okay don't copy this word for word, anything in Brakets change them.
Explanation:
I've experiened originizational behaivor when looking at my [Your choice].
It was useful because I didnt get confused when looking for [Object]!
If I couldnt find [object] I wouldnt be able to, [action]. If organization wasnt used in this [describing term] I wouldnt be able to find [object] and I would be very upset. I feel as if this behaivor should be used everywhere.
Now for the people who get indecisive!I've experiened originizational behaivor when looking at my My desktop of my computer. It was useful because I didnt get confused when looking for My assignments! If I couldnt find my assignments I wouldnt be able to, brush up on some topics. If organization wasnt used in this case I wouldnt be able to find my work and I would be very upset. I feel as if this behaivor should be used everywhere.
ACCT - Utilities Expense is a/an
a. Asset
b. Liability
c. Revenue
d. Expense
Contract buying a. A practice where big businesses would put a contract out on labor union leaders b. A practice where large businesses would buy out their smaller competitors c. A practice that exploited some white families' desires to buy homes in integrated neighborhoods d. A practice that exploited black families' inability to obtain regular home mortgages
It should be noyed that contract buying a practice where large businesses would buy out their smaller competitors.
What is Contract buying?Contract buying can be regarded as a practice whereby people with big business put a huge amount on an asset and complete it installmentally.
It is a way big business buy out their smaller competitors.
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The fixed budget indicates direct labor costs of $27,500. Actual direct labor costs were $27,000. The variance is:
Based on the information given the variance is $500 favorable.
Using this formula
Variance=Fixed Direct labor cost-Actual direct labor cost
Where:
Fixed Direct labor cost=$27,500
Actual direct labor cost=$27,000
Let plug in the formula
Variance=$27,500-$27,000
Variance=$500 favorable
Inconclusion the variance is $500 favorable.
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What is meant by accounting
Answer:
the action or a process of keeping financial accounting
Answer:
Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities.
Explanation:
if u Wanted the most corpo answer
A university’s marketing department typically purchases backpacks with its logo embroidered on them for all incoming freshmen. This year, because faculty have heard complaints, the marketing chair wants to buy similar backpacks but find one that is a little more durable. This is an example of a
A) new buy.
B) make-buy.
C) straight rebuy.
D) standard reorder.
E) modified rebuy.
What is the scope of AS-26
A. All of these
B.Rights and Expenditure on the exploration for or development of Minerals
C. Financial Assets
D. Intangible Assets that are covered by another as
Answer:
Maybe the answer C. or B.
Assume that as part of Hilton’s interview process, the company asks applicants how they would behave in hypothetical, hospitality-related job situations. This would be considered a ________ interview, which is ________.
The interview in Hilton's process would be considered a situational interview, which is structured.
What is a situational interview?
This is a type of interview where the people that are being interviewed are asked hypothetical questions.
The questions that they are asked is usually to get to know how they would behave in given situations.
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When complimentary trading firms have specialized workers and processes in a particular product, and they engage in intra-industry trade, it creates benefits from working together by creating ________.
When complimentary trading firms have specialized workers and engage in intra-industry trade, it creates benefits from working together by creating: Economic gain.
What is a Complimentary Trade?It is a form of trade that specializes in free trade. They compliment Each other. It can also be seen as a free-market idea that applies to international trade.
When trading firms have specialized workers and do intra-industry trade, especially in a complimentary trade, it helps the economy grow faster and also increases output.
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Which of the following education levels offer a shop class in industrial arts?
A: High school program
B: Associate program
C: Bachelor's program
D: Doctoral program
Answer:
B. Associate program
Explanation:
Correct me if I'm wrong
Associate program offers a shop class in industrial arts. Thus, option B is correct.
What is industrial Arts?An educational program called industrial arts emphasizes the creation of wooden or metal things utilizing a variety of hand, power, and machine tools. Commonly referred to as technology education, industrial arts. Small engine repair and car maintenance are possible, and technical drawing is typically covered in all programs' curricula.
The phrase "industrial arts" was first used in education in 1904 by Charles R. Richards of Teachers College, Columbia University in New York, who proposed it as a replacement for physical labor. Industrial arts lessons, also referred to as "shop class" in the US, introduce kids to the fundamentals of house maintenance, physical labor, and machine safety. The majority of industrial arts programs were developed in general rather than specific trade schools.
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Which of the following statements describes the most likely reason why
ethical employees are important for a company?
O A. It can show caring.
O B. It can show morality.
O C. It can feel good.
O D. It can save money
Answer:
D. they can save money this way.
Business transactions
Answer:
A business transaction is a financial transaction between two or more parties that involves the exchange of goods, money, or services
what tool is most appropriate for applying spread on the bread?
Answer:
A butter knife
Explanation:
Traditionally, people spread the spread on bread with a butter knife.
Comics Alive is an animation studio with a strong creativity culture where the employees work together to imagine new cartoon characters and bring them to life via digital animation. If you were to visit Comics Alive, you would likely encounter observable artifacts such as
If you went to Comics Alive, based on their organizational culture, you would likely encounter observable artifacts such as a. idea boards for current projects, varied kinds of seating, and advanced video technology.
Why would these be encountered?Companies like Comics Alive which place a strong emphasis on creativity and team work, will use certain artifacts to achieve this.
They will use idea boards that have current projects which inspires creativity by allowing people to give ideas on those projects. Advanced video technology also allows for teamwork regardless of location.
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Sara enters into a contract to sell her vacation condo to Ted for a certain price on a specific day. On that day, Sara unconditionally offers to perform. Sara’s offer
The fact that Sara unconditionally offered to perform according to the contract that she entered into with Ted b. constitutes tender of performance.
What is a tender of performance?A Tender of Performance is the requirement that a person ought to do as a result of them being in a contract, or the law ordering them to do so.
Sara performed her side of the contract which means that she performed her tender of performance according to the terms of the contract with Ted.
Options for this question include:
a. conditions Ted's promise to pay for the property.
b. constitutes tender of performance.
c. excuses the parties' performance under the contract.
d. suspends the parties' contractual obligations.
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A company has agreed to provide a customer with a package of standard car maintenance services for $100. The package consists of an oil change, for which the company normally charges $75, and a tire rotation, for which the company normally charges $50. What amount of revenue should be recognized?
The amount of revenue that should be recognized by the company is $100 (divided into Oil change, $60, and Tire rotation, $40).
What is revenue recognition?According to the revenue recognition principle under the U.S. GAAP and IFRS, revenue is recognized when some performance criteria have been met.
The principle also recognizes that revenue recognition should be based on the percentage of the value when there is more than one performance criterion involved.
Data and Calculations:Standard car maintenance services price = $100
Oil change = $75
Tire rotation = $50
Total normal cost = $125
Percentage of oil change to normal cost = 60% ($75/$125 x 100)
Percentage of tire rotation to normal cost = 40% ($50/$125 x 100)
Revenue recognition:
Oil change = $60 ($100 x 60%)
Tire rotation = $40 ($100 x 40%)
Thus, the amount of revenue that should be recognized is $100 (divided into Oil change, $60, and Tire rotation, $40).
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scarcity forces people to
Answer:
Because we don't have enough resources to provide all of the goods/services in the quantities that are wanted, scarcity forces us to make decisions about which goods/services we value higher.
Explanation:
Answer:
make choices
Explanation:
Scarcity forces all of us to make choices by making us decide which options are most important to us. The principle of scarcity states that there are limited goods and services for unlimited wants.
A perfectly competitive firm has fixed costs of $1 million a month, variable costs of $2 million a month and product sales of $3 million a month. what statement is a correct analysis of the situation
Assuming a perfectly competitive firm has fixed costs of $1 million per month the company is making $0 profit.
The correct analysisUsing this formula
Analysis=Sales-Fixed cost-Variable cost
Where:
Sales=$3 million
Fixed cost=$1 million
Variable cost=$2 million
Let plug in the formula
Analysis=$3 million-$1 million-$2 million
Analysis=$0
Inconclusion the company is making $0 profit.
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In your opinion what do you think is the best anime game and why then put their sales.
Answer:
nourto 4 is my faveret game in anmie sauske and oboito are my faifret peple in the game
Explanation:
What role does a company like UPS play in the supply chain?
PLEASE HELP, NEED ANSWER QUICKLY
What do fulfillment centers do?
Question 2 options:
(A) - Store products indefinitely but have slow shipping times
(B) - Temporarily store products for retail stores
(C) - Strategically store a company's products so that the product can be picked up by the customer
(D) - Strategically store a company's products so that the product can be quickly picked up and sent out
Answer:
B
Explanation:
I just did the quiz and got 100%
Temporarily store products for retail stores.
What is the meaning of Store?The term "stores" refers to the materials that a business has in inventory. The phrase can also be used to describe a warehouse operation that holds and distributes products.
Supermarkets, hypermarkets, and grocery stores. Anything that is in store for you will materialise at some point in the future. Also, I was in store for some surprises. The daily operations of businesses rely heavily on stores. The goal of stores is the constant creation and provision of goods and services. Every project, no matter how big or small, is efficiently handled by managing the stores.
Creating retail tactics to increase the client base, increase foot traffic, and maximise profits. achieving sales targets by educating, inspiring, guiding, and giving retail employees feedback. ensuring high client satisfaction levels through superior service.
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Disadvantage of not having Poka-Yoke
ACCOUNTING - The matching concept
a. requires that the dollar amount of debits equal the dollar amount of credits on a trial balance
b. states that expenses related to revenue be reported at the same time the revenue is reported
c. addresses the relationship between the journal and the balance sheet
d. determines whether the normal balance of an account is a debit or credit