Answer:
Yess, the broker tell the landlord about the financial situation of the tenant.
Explanation:
The reason is that the broker acts as an agent and its agent's fiduciary duty to act in the best interest of its principle. The duty of care owed by the agents to principle must not be breached because the breach of duty of care would affect the principle in the form of financial or non financial loss or losses. As the tenant is financially strugling to meet his both ends and that the rent is significantly high. The chances exist that the tenant will not be able to pay rentals in the near future which will affect the landlord. Hence the broker must tell the landlord about the tenant's financial position.
Q 5.15: At the beginning of January 2017, a company reported inventory of $4,000. During the month, the company made purchases of $17,800. On January 31, 2017, a physical count of inventory reported $4,200 on hand. Find the cost of goods sold for the month.
Answer:
COGS= $17,600
Explanation:
Giving the following information:
Beginning inventory= $4,000
Purchase= $17,800
Ending inventory= $4,200
To calculate the cost of goods sold (COGS), we need to use the following formula:
COGS= beginning finished inventory + cost of goods purchased - ending finished inventory
COGS= 4,000 + 17,800 - 4,200
COGS= 17,600
The aging method of estimating uncollectible accounts is based on the assumption that the longer an account receivable remains outstanding, the less likely it is to be collected. This statement is
Answer:
This statement is true.
Explanation:
The aging method of estimating uncollectible accounts is a method that is used to calculate the amount of counts receivable of a company that may not be collected.
Under the aging method, invoices of customers that are yet to be paid are sorted by invoice date into about four columns, and invoices with longer days assumed to be less likely to be collected.
For example, a company may have current invoice not yet due in the first column with 25% not likely to be collected; the invoice amounts that are 1-30 days past due in the second column with 50% not likely to be collected; the invoice amounts that are 31-60 days past due in third column with 75% not likely to be collected; and the invoice amounts that are 61 and above days past due in the fourth column with 100% not likely to be collected.
Based on the explanation above, it is therefore true that the aging method of estimating uncollectible accounts is based on the assumption that the longer an account receivable remains outstanding, the less likely it is to be collected.
is a sales representative for a supply company. He travels most of the week and is typically away from the office. Scott is able to access information within the company, such as product and customer information, by using a(n) grapevine system. intranet. circle network. all-channel network. chain network.
Answer:
intranet
Explanation:
In simple words, An intranet refers to the virtual network for knowledge exchange, communication resources, operating systems and most computing facilities within an entity, typically to the detriment of foreigners.
Often, an intranet is now in comparison to that of an extranet. Although an intranet remains usually limited to the organisation's staff, clients , vendors and perhaps other permitted entities could also be authorized to view extranets.
The Clayton Act: Group of answer choices a. was declared illegal. b. closed loopholes in the Sherman Antitrust Act. c. prevents anticompetitive practices. d. prohibits all mergers and acquisitions.
Answer:
d. prohibits all mergers and acquisitions.
Explanation:
The Clayton Act is an antitrust law of the United States of America. It was enacted by the U.S Congress in the year, 1914. Henry De Lamar Clayton was the lawmaker who introduced this legislation which is aimed at regulating the behavior or activities of massive business entities, it was then signed into law by President Woodrow Wilson on the 15th of October, 1914.
The Clayton Act prohibits all mergers and acquisitions of a business entity if the reason is to monopolize and by extension lessen competition in the market according to its section 7. The Act was passed primarily to stop incipient anti competitive behavior that are not covered by the Sherman Act.
Other sections of the Clayton Act prohibited predatory pricing, price cutting and discrimination, monopoly etc.
When an organization with a functional structure diversifies into related product-markets, it generally Multiple Choice maintains its functional structure. develops a divisional structure. develops a matrix structure. develops a worldwide product-division structure.
Answer:
B). Develops a divisional structure.
Explanation:
A functional organizational structure aims to bifurcate the teams or groups on the basis of the functional or specialized area of the employees while a divisional structure organizes the teams in different divisions as per market, product, etc. Therefore, when an organization having a functional structure begins to diversify into product-related markets, it usually develops a 'divisional structure' as it is now focusing on the organization of teams corresponding to the end product or service offered by the organization. Thus, option B is the correct answer.
Springfield Company offers a bonus plan to its employees and the amount of the employee bonuses for the current year is estimated to be $32,500 to be paid during January of the following year. The journal entry on December 31 to record the bonuses is:________.
A) Debit Estimated Bonus Payable $32,500; credit Cash $32,500.
B) Debit Employee Bonus Expense $32,500; credit Bonus Payable $32,500.
C) No entry since the bonuses are not paid until January.
D) Debit Employee Bonus Expense $32,500; credit Prepaid Employee Bonus $32,500.
E) Debit Unearned Bonuses $32,500; credit Bonus Payable $32,500.
Answer:
Springfield Company
The unpaid Employee Bonuses will have a journal entry as follows:
B) Debit Employee Bonus Expense $32,500; credit Bonus Payable $32,500.
Explanation:
Springfield Company had already incurred the bonus for the accounting period. It must be recognized as an expense in the year in accordance with the accrual concept and the matching principle of generally accepted accounting principles. These require that expenses must be recognized not on cash basis but on accrual basis and that any expense relating to an accounting period must be matched to revenue of that period.
Danny’s boss is apathetic as to whether Danny works at home, at the office, or from his beach house. All he cares about is that the project is completed on time, on budget, and with exemplary quality. Which characteristic of organizational culture describes this aspect of Danny’s job?
The question is incomplete:
Danny’s boss is apathetic as to whether Danny works at home, at the office, or from his beach house. All he cares about is that the project is completed on time, on budget, and with exemplary quality. Which characteristic of organizational culture describes this aspect of Danny’s job?
A) low risk taking
B) high outcome orientation
C) high attention to detail
D) low aggressiveness
E) high stability
Answer:
B) high outcome orientation
Explanation:
-Low risk taking is when coservative decisions are made to avoid a high possibility of losing everything.
-High outcome orientation is when a business has high expectations and is focus on having good results.
-High attention to detail is when companies want their employees to focus on precision and attention to detail.
-Low aggressiveness is when people are not competitive.
-High stability is when the activities are focused on maintaining the existing structure.
According to this, the answer is that the characteristic of organizational culture that describes this aspect of Danny's job is high outcome orientation because his boss is focused on getting good results.
If the _______ are not valued as a strength, they can lead to low morale, diminished trust, reduced productivity, greater tension, and suspicion and become a serious impediment to team performance.
Answer:
differences within the project team
Explanation:
There are usually a lot of differences between people in a project team. This makes the team to be more diversified and if these differences are not are not valued as a strength, they can lead to low morale, diminished trust, reduced productivity, greater tension, and suspicion and become a serious impediment to team performance. The team members are from different cultural groups and there may be issues in sharing knowledge, trust and productivity. If such issues are not tackled on time, they may become greater problems for an organization.
Assume that your firm is an importer of Mexican chairs denominated in pesos. Your competition is mainly U.S. producers of chairs. You wish to assess the relationship between the percentage change in the firm’s stock price (SPt) and the percentage change in the peso's value relative to the dollar (PESOt). SPt is the dependent variable. You apply the regression model to an earlier subperiod and a more recent subperiod. In the recent subperiod, you increased your importing volume. You should expect that the regression coefficient in the PESOt variable would be ____ in the first subperiod and ____ in the second subperiod.
Answer:
negative, negative.
Explanation:
So, let us fill in the gap in the question given above. Bother that the capitalized words are the answers to the missing gaps;
" Assume that your firm is an importer of Mexican chairs denominated in pesos. Your competition is mainly U.S. producers of chairs. You wish to assess the relationship between the percentage change in the firm’s stock price (SPt) and the percentage change in the peso's value relative to the dollar (PESOt). SPt is the dependent variable. You apply the regression model to an earlier subperiod and a more recent subperiod. In the recent subperiod, you increased your importing volume. You should expect that the regression coefficient in the PESOt variable would be NEGATIVE in the first subperiod and NEGATIVE in the second subperiod."
This question is all about the measurement of exposure to exchange rate fluctuations. The measurement of exposure to exchange rate fluctuations is done by firms in order to be able to calculate the risk involves in exchange rate fluctuations.
In the problem given Above, as the importing volume increase, we have a negative regression coefficient in the PESOt variable.
Which of the following would be an effective approach for encouraging authentic feedback? A. Defend yourself if you disagree with criticisms you receive. B. In the beginning, ask for feedback each time you see the person. C. Ask for feedback only when you are open to hearing it. D. only in formal situations, so employees understand the importance of the feedback.
Answer:
C. Ask for feedback only when you are open to hearing it.
Explanation:
Feedback refers to providing the information gathered after evaluating any specific action or event. Providing authentic feed-backs helps in promoting and improving the better quality of the original topic. It is more personalized and user-oriented. There are various ways by which authentic feed-backs can be given. Through messaging, writing, discussing over calls, and conversations over video calls helps in providing authentic feedback. Asking for feedback should be initiated by the person only when the person is willing to listen and acquire those feed-backs is an effective approach for encouraging authentic feedback.
On january 1, ace electronics bought a new cash register for $2,500. Ace plans to use the cash register for 4 years and then sell is for $200. If Ace uses straight-line depreciation expense for the 1st year ended December 31 equals________
Answer:
Depreciation expense = $575
Explanation:
According to International Accounting standards(IAS) 16 property plan and equipment (PPE), the cost of an asset is the purchase cost plus other costs of bringing it to the intended working conditions.
Annual depreciation = (Cost - Scrap Value)/ Number of years
Cost of asset = 2500
Scrap value - 200
Estimated useful life = 4
Annual depreciation = (2500 - 200)/4 = 575
Depreciation expense = $575
In _____ technology, raw materials are transformed to a finished product by a series of machine transformations in such a way that the composition of the materials themselves is changed.
Answer:
Continuous process.
Explanation:
In continuous process technology, raw materials are transformed to a finished product by a series of machine transformations in such a way that the composition of the materials themselves is changed.
This ultimately implies that, the continuous process technology refers to a flow production or streamlined method that companies use to manufacture or produce such that the process of converting raw materials are done without any interruption.
It enables companies to continue to produce finished goods 24 hours a day, 7 days a week continuously nonstop.
Some examples of a continuous process technology are production of ice-cream, pasta, fruit juice, mayonnaise, tomato sauce etc.
This type of production method helps companies to reduce wastage, increase efficiency and meet consumer demand in a timely manner as the process of producing finished goods occur concurrently.
Omni Healthcare's analgesic drug Cetaprin has a 40% share in the analgesics market in the country of Terrania. Its closest competitor, Febex, has a 25% share in the market, while four other analgesic brands split the remainder. Which statement indicates that Cetaprin is a cash cow according to the BCG matrix
Answer:
C) The demand for analgesic drugs in the Terranian market is expected to remain stable.
Explanation:
The options were missing:
A) Omni Healthcare often takes money from other strategic business units to support Cetaprin. B) A customer survey shows that Cetaprin users do not prefer it to other analgesics in the market. C) The demand for analgesic drugs in the Terranian market is expected to remain stable. D) Febex is rapidly gaining market share over Cetaprin due to aggressive marketing efforts. E) The Terranian market for healthcare products is expanding rapidly.A cash cow is a mature product that is sold in a slow growth market, but holds a significant market share, and generate large and constant cash inflows to the company.
Which of the following decisions is least likely to involve collaboration? Group of answer choices How much of product A should be ordered from vendor B? Should our company acquire company A? What products should we include in the new product line? What type of relationship should the company maintain with company A?
Answer:
How much of product A should be ordered from vendor B?
Explanation:
The decision that is least likely to involve collaboration is "What type of relationship should the company maintain with the other company?"
Collaboration simply means when people engage and discuss in order for the decision-making process.In order to know the product that should be included in the new product line, collaboration is essential because one will need to engage the different departments in the organization such as sales, marketing, etc. Everyone has to give their opinion on the issue.Also, "Should our company acquire another company ?" is a collaborative decision. This isn't a decision that can be decided by one person. Therefore, the correct option is "What type of relationship should the company maintain with the other company ?" as the decision can be taken by a top manager alone.In conclusion, the correct option is D
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TQK, LLC, provides consulting services and was formed on 1/31/X5. Aaron and ABC, Inc., each hold a 50 percent capital and profits interest in TQK. If TQK averaged $27,000,000 in annual gross receipts over the last three years, what accounting method can TQK use for X9
Answer:
Accrual method
Explanation:
As the average annual growth receipts is $27,000,000 which is greater than the $25,000,000 this amount reflects an exception due to which it cannot be applied for cash
Also the accrual method is also selected because it helps while subtracting the expenses instead of cash basis plus it also provides an accurate amount as compared with other methods. And, there is no need to maintain separate books for the purpose of tax
down the net income from the peak tax bracket.
Dragonfly, publisher of children's books, has purchased White Rabbit, another publisher of children's books. Both companies' books are sold to the same retail stores and schools. Their content is different because Dragonfly produces children's literature, whereas White Rabbit focuses on child-level nonfiction scientific and nature topics. Which of the following statements is probably true about this acquisition?
A. This is a horizontal acquisition.
B. This is an example of virtual integration.
C. Dragonfly is beginning to build a conglomerate.
D. Economies of scope are unlikely to result from this acquisition.
Answer:
C.
Explanation:
conglomerate is a thing consisting of a number of different and distinct parts or items that are grouped together.
The revenue recognition principle says divide time into equal periods to measure net income or net loss properly. B. match revenues and expenses in order to compute net income. C. record revenue only after you have earned it. D. record revenue only when you receive cash.
Answer:
C. Record revenue only after you have earned it
Explanation:
The revenue recognition principle says record revenue only after you have earned it.
Revenue recognition principle is an accounting principle that helps to determine how and when revenue is to be recognized.
Revenue recognition principle requires that revenues can only be recognized when they are realized and earned, not when cash is received.
Revenue can be calculated by multiplying price by units of quantity demanded.
That is,
Revenue= Price × Quantity demanded
Zoe is a manager at a large company engaged in the acquisition of a smaller company. The smaller company has operated at a loss for the last three years under three different managers, but Zoe is convinced that she can turn the company around despite the evidence to the contrary. Zoe is engaging in ______.
Answer:
managerial hubris
Explanation:
From the scenario that is being described, it can be said that Zoe is engaging in managerial hubris. This term refers to the unrealistic belief help by a manager that they have the ability to manage an asset of a target firm far more efficiently than that firm's current or previous management, without any actual proof or planning. This is exactly what Zoe seems to be doing by stating that she can make the smaller company profitable even though three previous managers failed to do so.
Over time, external monitoring processes should capture information about the external environment in a format that can be referenced across the organization as threats emerge and for historical use.
a. True
b. False
Answer:
True
when monitoring processes are observed when threats emerge the organization will know how to tackle the threats
The practice of "gift giving" between the parties to a business negotiation is considered right and proper in many Asian cultures. However, some Westerners view the practice as a form of bribery, and therefore unethical, particularly if the gifts are substantial. This demonstrates that
Answer:
It demonstrates that this a difference between two cultures (intercultural communication).
The revocation or suspension of a federal covered investment adviser's registration under the Investment Advisers Act of 1940 may be appealed A) to the United States Supreme Court because the Investment Advisers Act of 1940 is federal legislation, unlike the Uniform Securities Act, which is a model for state securities legislation B) through arbitration with the Financial Industry Regulatory Authority (FINRA) C) by petition to the appropriate state securities Administrator D) to the U.S. Court of Appeals serving the district where the order was issued within 60 days of its issuance
Answer:
D) to the U.S. Court of Appeals serving the district where the order was issued within 60 days of its issuance.
Explanation:
An investment adviser is an individual or group of people who professionally advise others with information on investing in securities such as bonds or stocks.
The revocation or suspension of a federal covered investment adviser's registration under the Investment Advisers Act of 1940 may be appealed to the U.S. Court of Appeals serving the district where the order for revocation or suspension was issued within 60 days of its issuance.
Under Section 213 of the Investment Advisers Act of 1940, any individual or party who has their license revoked or suspended by a Commission may appeal and obtain a review of such order in the US Court of Appeals within serving the district where the order was issued within 60 days of its issuance, through a written petition pleading that it be modified or set aside by the court in whole or in part.
Mr. Barker enjoys a comfortable retirement income. He recently had surgery and expected that he would have certain services and items covered by the plan with minimal out-of-pocket costs because his MA-PD coverage has been very good. However, when he received the bill, he was surprised to see large charges in excess of his maximum out-of-pocket limit that included a number of services and items he thought would be fully covered. He called you to ask what he could do? What could you tell him?
Answer:
What you could tell him is that you can offer to help him review all the plans appeal process as well as to help him ask the plan to review his coverage decision which will enable him to know why he had large charges in excess of his maximum out-of-pocket limit.
Explanation:
Based on the information given we were told that when he received the bill, their was large charges in excess of his maximum out-of-pocket limit which is a limit on the amount of money a person or an individual have to pay for covered medical care services in which we were still told that the large charges in excess of his maximum out-of-pocket limit also include a number of services and items he thought would be fully covered, therefore since he called you to ask what he could do, What you could tell him is that you will offer to help him review all the plans appeal process and to as well help him to ask the plan to review the coverage decision which is why coverage decision is of benefit because it enables a person or an individual to makes decision about their benefits including the amount they have to pay for their medical services plan.
Research into genetically modified crops has led to significant productivity gains for countries such as the United States that employ these techniques. Countries such as the European Union member nations, however, have imposed controls on the import of these products, citing concern for public health. Given the situation, the European Union's regulation of genetically modified crops is
Answer:
The answer is " If you have legitimate health issues, then it is the part of the share-the-earnings theory".
Explanation:
It also stands for EPS, which is the primary financial measure that demonstrates a firm ’s profitability. Its estimation consists of dividing the gross profit of the business with its number of shares. Its greater the company's profits for each share, the greater its productivity.
It is the management of efficiency, that indicates how often revenue the business generates for its stockholders buy not just because of increases in earnings, and because of the impact of new ordinary shares.
The distribution department at Golden Grains Wheat Company has decided to adopt the FIFO (first in, first out) method of inventory to dispatch its bags of wheat. Which of the following strategies does this scenario best illustrate?
A. corporate strategy
B. functional strategy
C. master strategy
D. business strategy
Answer:
Option B "functional strategy " is the correct option.
Explanation:
A functional approach or strategy is necessarily connected to operations and maintenance-level decision-making, also recognized as tactical changes.Those same tactical decisions were mostly applied to different operational departments such as business, research as well as development, human resources, warehousing, logistic support, amongst others.And therefore this strategy demonstrates best the specific situation.
All of the following statements about GDP are false except Group of answer choices Higher GDP reflects more equal distribution in the economy. Higher the real GDP, happier is the economy. Higher GDP reflects higher economic growth of an economy. Higher GDP reflects better access to education.
Answer:
Higher GDP reflects higher economic growth of an economy
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Net export = exports – imports
When exports exceeds import there is a trade deficit and when import exceeds import, there is a trade surplus.
Items not included in the calculation off GDP includes:
1. services not rendered to oneself
2. Activities not reported to the government
3. illegal activities
4. sale or purchase of used products
5. sale or purchase of intermediate products
6. Measures for calculating happiness. so higher GDP doesn't indicate higher happiness
When launching a new venture, finding a way to begin doing business must ______________ generate cash flow, build credibility, attract good employees, and overcome the liability of newness.
Answer: evaluate
Explanation:
Unlike venture capital firms and most other institutional investors, angels typically invest in businesses in their earliest phases, providing the seed capital needed to get the business going.
a) true
b) false
Answer:
true
Explanation:
Angel investors are investors that provide one time funding to startups usually at the inception of the startup. the angel investor usually receives ownership stakes in exchange for their capital
Among the greatest failures of the process of collectivization in China was Group of answer choices trying to convert desert and undesireable land into arable plots. reinforcing the traditional family unit as a newly-conceived economic unit instead. the starvation of up to 35 million people. brutal suppression of the private market as sabotage of the revolution. the ability to transition to a free market economy
Answer:
C. the starvation of up to 35 million people.
Explanation:
Collectivization was first introduced in the USSR by Joseph Stalin between 1929-1933 and his purpose for starting this process was to limit the powers of the Kulaks, who were the rich peasants. The program was also aimed at improving agriculture. China adopted this same policy under the rule of Mao Zedong between 1949-1976. Also known as The Great Leap Forward era, this process sought to make China a socialist economy and also increase productivity in agriculture.
The resultant effect of this process was mass starvation of about 35 million people in 1959. Although the government referred to floods and droughts as the cause of this starvation, it was actually the result of collectivization. When Diang Xiaping came into power in 1978, he instituted reforms in the collectivization process that proved successful.
The Environmental Protection Agency is attempting to rule on whether pollution from greenhouse gas emissions endangers public safety. Among the many greenhouse gas polluters are cows emitting methane. Economists have devised a theory to help address this issue. Identify the statement that is true according to economic theory
Answer:
The interpretation of that same particular question is demonstrated in the following segment on the response.
Explanation:
The economic analysis seems to be a theoretical construct for something like the interpretation and analysis of containerized cargo in such an economy.The effective level of emissions elimination exists where even the potential profit of removing exposure is equivalent to the marginal price of removing emission (several other contaminations may be authorized).
If a firm is worried about distance, country risk, employee morale, intellectual property protection, legal issues, and obtaining specialized talent, then which option is likely the best for this firm
Options:
Offshore
Outsource
Keep in-house
Keep domestic
Answer: keep domestic
Explanation: The recruitment options embarked upon by firms may affect the policies or type of processes the firm's employ in overseeing their recruitment process. For firms who seems skeptical about issues relating to distance, legal issues, country risk, morale and other issues listed above, such firms will best be better placed to oversee a hiring process which is restricted to the local environment which the firm is well informed about and devoid of international and legal barriers, oversea culture and mentality which may hamper or affect the required hiring structure of the firm.