Answer: c. $6,000.
Explanation:
Given: Checkable Deposits = $130,000
Amount Withdrawal = $10,000
Then, the new checkable deposit = (Checkable Deposits) - (Amount Withdrawal)
= $130,000-$10,000= $120,000
Reserves = 20% × (new checkable deposit)
=20% × $120,000 = $24,000
New reserve = (Reserve)-(Amount Withdrawal)
=$40,000 - $10,000 = $30,000
Excess Reserve = (New reserve) - (Reserves )
= $30,000 – $24,000 = $6,000
i.e. Excess reserve in bank is $6,000.
Hence, the correct answer is c. $6,000.
Offshore oil-drilling operations entail an unavoidable risk of an oil spill, but importing oil on tankers presently entails an even greater such risk per barrel of oil. Therefore, if we are to reduce the risk of an oil spill without curtailing our use of oil, we must invest more in offshore operations and import less oil on tankers.
Which of the following, if true, most seriously weakens the argument above.
A) Tankers can easily be redesigned so that their use entails less risk of an oil spill.
B) Oil spills caused by tankers have generally been more serious than those caused by offshore operations.
C) The impact of offshore operations on the environments can be controlled by careful management.
D) Offshore operations usually damage the ocean floor, but tankers rarely cause such damage.
E) Importing oil on tankers is currently less expensive than drilling for it offshores.
Answer:
A) Tankers can easily be redesigned so that their use entails less risk of an oil spill.
Explanation:
The option that if true most seriously weakens the argument above is: tankers can easily be redesigned so that their use entails less risk of an oil spill because the statement says that importing oil on tankers entails a greater risk of an oil spill than offshore oil-drilling and the option chosen directly talks about that and says that the tankers can easily be redesigned to decrease the risks of an oil spill which goes against the argument given.
The other options are not right because the options B and C support the argument given. Also, options D and E doesn't talk about oil spill which is the topic on the argument presented.
Microeconomics is best described as the study of the choices made by individual households, firms, and governments. inflation, unemployment, gross national product, and the nation's economy as a whole. how markets interact in the aggregate economy. marginal changes in the economy.
Answer:
the study of the choices made by individual households, firms, and governments.
Explanation:
Microeconomics refers to the study of the choices with respect to individuals, households, firms, governments in order to make the decision and the resources to be allocated in an efficient and effective manner
It also focused to maximise the production of the company so that the company could able to accomplish its sales by offering a lower price so that it also competes in the industry
Hence, the first option is correct
Jose owns a dog whose barking annoys Jose's neighbor Amy. Suppose that the net benefit of owning the dog is worth $400 to Jose and that Amy bears a cost of $200 from the barking. Assuming Amy has the legal right to keep Jose from having a dog, a possible private solution to this problem is that:
Answer: Jose has to pay $600.
Explanation:
Jose has to pay $600 to Jane for her inconvenience.
In Accordance with Coase theorem, when two conflicting parties exist, one has to ‘buy the right’ from the other party.
Which In this scenario or case, Jane has the ‘right to prevent Jose from having a dog’.
Thus, Jose has to pay compensation to Jane so that he can keep his dog and at the same time Jane is also compensated for the inconvenience which may arise later.
Answer:
that Jose pays Amy $350 for her inconvenience, and keeps the dog
Explanation:
In this specific scenario, since Amy has every legal right to keep Jose from having the dog, then a possible private solution would be that Jose pays Amy $350 for her inconvenience, and keeps the dog. This would cover Amy's costs from the barking as well as provide an incentive to let Jose keep the dog, while at the same time Jose is spending less than what the net benefit of owning the dog is actually worth. Thus turning this into a beneficial arrangement for all parties.
Marco was a furniture buyer for Wellart Department Stores. Marco was authorized to enter into contracts worth up to $50,000. Marco entered into a contract with Frank's Furniture to purchase $100,000 worth of dining room furniture. If Wellart refuses to honor the contract and Frank's sues:
Answer:
Frank's will win, as Marco had implied and/or apparent authority.
Explanation:
Frank's will win, as Marco had implied and/or apparent authority.
Express authority is the authority which the principal has expressly given to the agent whether in a written or orally form.
Implied authority ( it can as well be described as usual authority) is the authority of an agent to acts which are reasonably incidental to and necessary for the effective performance of his duties.
So relating the above to the situation at hand, Mark acted based on the authority given to him by Wellart Department Stores. It was an implied authority.
You have been providing a pre-Thanksgiving meal during sales presentations in November for many years and your clients look forward to attending this annual event. When marketing Medicare Advantage and Part D plans, what are you permitted to do with respect to meals?
Answer: Provide light snacks
Explanation:
In a Medicare advantage, a proper meal will not be allowed, the focus of the program is targeted at the Medicare section, so preparing a normal Neal would serve as a distraction to the purpose of the program, even those requesting would be prohibited for such, so what's required would be normal snacks which won't attract attention and individuals can focus on the program: Medicare.
Answer:
b.
You may provide light snacks, but a Thanksgiving style meal would be prohibited, regardless of who provides or pays for the meal.
Explanation:
A meal is considered a distraction to the presentation material, snacks only
Marguerite had been asked by her manager to write a summary of a seminar she had attended. Marguerite’s summary explained that the speaker’s thick accent and excessive use of jargon made it hard for her to follow his presentation. It’s clear that Marguerite experienced _____ barriers during the seminar.
Answer:
language barriers
Explanation:
Since in the question, it is mentioned that there is excessive use of jargon which results in difficulty to understand what the speaker wants to communicate and due to which it becomes harder to her to follow his presentation.
Here jargon means unique words which unable to understand by the group of people
Therefore this is a language barrier during the seminar
Suppose that a company based in Dallas, Texas, initially confronts only four other rival firms. Its own market share is percent, which ties it with the other largest producer and seller in the industry. The market share of each of the other three firms is percent. Then a sixth firm, located in Cleveland, Ohio, enters the same industry. The new firm captures percent market share, and the market share of one of the smallest three original incumbents declines to percent as well. After the Cleveland firm's entry into the industry, what are the values of the four-firm concentration ratio and of the Herfindahl-Hirschman index?
Answer:
1. 86.7%
2. 2244.4
Explanation:
The computation is shown below:
1. The new 4 firm concentration ratio after entry is
= Total mix share of 4 largest firms
= 30% + 30% + 13.33% + 13.33%
= 86.7%
2. Now HHI index is
= sum of squared shares
= 30^2 + 30^2 + 13.33^2 + 13.33^2 + 6.67^2 + 6.67^2
= 2244.4
Hence, we applied the above values so that each part could be determined
Which of the following statements accurately describes the relationship between earnings and dividends when all other factors are held constant?
A. Growth in earnings requires growth in dividends.
B. Retaining a higher percentage of earnings will result in a higher growth rate.
C. Long-run earnings growth occurs primarily because firms pay dividends to reward their shareholders for investing in the company.
Answer:
Statement B. Retaining a higher percentage of earnings will result in a higher growth rate.
Explanation:
The earnings are the profits that is left after paying interests and taxes and now all we have to do is pay the dividend. The company pays a percentage of earnings after tax as a dividend and the remainder is reinvested in the business. This helps the company to increase its earnings by reinvestment so that the company is able to lead in the market.
The earnings of the company are not affected by the dividend payout if the working capital is not affected because dividends are dependent on earnings. Hence the statement 1 is incorrect.
This means that the retaining higher percentage of earnings will increase the growth rate as the reinvestment has increased and it will increase the earnings. Hence the statement 2 is correct.
Company doesn't pay dividend to shareholders for reinvestment in the company. They pay dividends because the shareholders demand return on the risk associated with the investment. Hence the statement 3 is incorrect.
Products can be returned for various reasons, such as product recalls, product damage, lack of demand, and customer dissatisfaction. This process is called______. Group of answer choices Reverse Auction Reverse Logistics Pull Forward Pull System
Answer:
Returned goods
Explanation:
The returned goods process is the process in which the goods are returned due to several reasons i.e damaged of the product, demand lacking, the customer is not satisfied with the product as the company does not meet the customer demand to the level of their expectation
Therefore this process we called returned goods
And this is the answer but the same is not presented in the given options
A man is running on the straightroad with the uniform velocity of 3m/s. Calculate acceleration produced by him.
Answer:
acceleration =0 m/s^2
Explanation:
Acceleration is defined as the rate of change in velocity. If there’s no change in velocity, then the rate of change is zero, hence the acceleration is zero. The question says the man is running at a uniform velocity (i.e. he’s running at a steady speed in a fixed direction). This means his velocity is constant, or unchanging. Hence, his acceleration is zero.
Obviously everything I said in the above paragraph only concerns his horizontal velocity. To get even more specific, it only concerns the horizontal velocity of his centre of mass. Vertically, he is of course experiencing upward and downward downward acceleration due to how his feet push against the floor as he runs. And his limbs accelerate and decelerate as well, to allow him to run.
But looking at the man’s horizontal motion as a whole, and thinking of his motion as being entirely represented by his centre of mass, his acceleration is 0.
An insured's disability income policy includes an additional monthly benefit rider. For how many years can the insured expect to receive payment from the insurer before Social Security benefits begin?
Answer:
1 Year
Explanation:
This is because, the additional monthly benefit rider stipulates that the insurer will only pay benefits comparable to what Social Security would pay. Therefore, after a year, the insurer ends the benefit and assumes that Social Security will begin benefit payment.
Hence, the insured expect to receive payment from the insurer for ONE YEAR before Social Security benefits begin.
Commodity money is:_________.
a. a good used as money that has no intrinsic value.
b. used as money that has no secondary use.
c. used as money that also has value independent of its use as money.
d. that is designated as money by law.
Hi there! Hopefully this helps!
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The answer is C.
Commodity money is used as money that also has value independent of its use as money.
Answer:
c. used as money that also has value independent of its use as money
Explanation:
Suppose you know a company's stock currently sells for $90 per share and the required return on the stock is 8 percent. You also know that the total return on the stock is evenly divided between a capital gains yield and a dividend yield. If it's the company's policy to always maintain a constant growth rate in its dividends, what is the current dividend per share?
Answer: $3.46
Explanation:
Given the following :
Current share price (P0) = $90 per share
Required return on stock= 8%
total return on the stock is evenly divided between a capital gains yield and a dividend yield ;
Therefore, Required return on stock= 8% ;
4% capital gain yield + 4% Dividend yield = 8%
Growth rate = 4% = 4/ 100 = 0.04
D1 = D0(1 + g)
D1 = value of next year's Dividend
D0 = current Dividend yield
g = Constant growth rate
D1 = current stock price * g
D1 = 90 * 0.04 = 3.6
D1 = D0(1 + g)
D0 = D1 / (1+g)
D0 = 3.6 / (1+ 0.04)
D0 = 3.6 / 1.04
D0 = $3.46
"Whenever Andrew considers upgrading his personal computer system, he consults with Jeremy, a knowledgeable friend who always has the newest technology. For Andrew, Jeremy is a(n) __________ in the diffusion of innovation curve."
Answer: innovator
Explanation:
From the question, we are informed that whenever Andrew considers upgrading his personal computer system, he normally consults with Jeremy, a knowledgeable friend who always has the newest technology.
Regarding the question, Jeremy is an innovator. An innovator is someone who has embraced new ideas and is always trying out new gadgets and technology.
hoose the statement that is incorrect. A. The consensus is that the crowding-out effect is strong enough to make the government expenditure multiplier less than 1. B. The government expenditure multiplier is the quantitative effect of a change in government expenditure on real GDP. C. The tax multiplier is the quantitative effect of a change in taxes on real GDP. D. The demand-side effects of a tax cut are likely to be larger than an equivalent increase in government expenditure
Answer: D. The demand-side effects of a tax cut are likely to be larger than an equivalent increase in government expenditure
Explanation:
There is now a consensus amongst economists that an increase in Government spending will have larger demand-side effects than a tax cut. This is because Government spending goes directly into the economy and stimulates growth through the ripple effect that it has that will see money multiplied.
Tax cuts on the other hand are only effective if consumers either consume the tax savings or invest them. While they will do this for most of the savings, there is a high probability that they will save some of them instead of spending them.
Put'er There manufactures baseball gloves. Each glove requires $22 of direct materials and $18 of direct labor. Variable manufacturing overhead cost is $7 per unit and fixed manufacturing overhead cost is $19,000 in total. Variable selling and administrative costs are $11 per unit sold and fixed selling and administrative costs are $13,200. Last period, 800 gloves were produced, and 585 gloves were sold. The unit product cost is:_______.
a. $70.75 per unit.
b. $47 per unit.
c. $58 per unit.
d. $81.75 per unit.
Answer:
Instructions are below.
Explanation:
Giving the following information:
Each glove requires $22 of direct materials and $18 of direct labor. Variable manufacturing overhead cost is $7 per unit and fixed manufacturing overhead cost is $19,000 in total.
There are two methods to calculate the unitary production costs. The variable costing method and the absorption costing method.
The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).
Variable costing method:
Unitary product cost= 22 + 18 + 7= $47
Absorption costing method:
Unitary fixed costs= 19,000/800= 23.75
Unitary product cost= 47 + 23.75= $70.75
14. Two alternative measures of the overall level of prices are a. the inflation rate and the consumer price index. b. the inflation rate and the GDP deflator. c. the GDP deflator and the consumer price index. d. the cost of living index and nominal GDP
Answer:
c. the GDP deflator and the consumer price index.
Explanation:
Two alternative measures of the overall level of prices are the GDP deflator and the consumer price index.
The GDP deflator can be defined as a measure of the changes in prices for all of the finished goods and services produced domestically in an economy in a particular period of time, usually a year. This simply means that, the gross domestic product deflator measures the inflation in an economy.
Consumer price index (CPI) can be defined as a measure of the aggregate or average changes in price level of a weighted market basket of finished goods and services that consumers purchased over a specific period of time. The CPI is also a measure of the inflation in an economy over a specific period of time.
A good layout requires determining: Group of answer choices Environment and aesthetics All of the above Material handling requirements Cost of moving between various work areas Capacity and space requirements
Answer:
All of the above.
Explanation:
All alternatives are correct with regard to organizational layout.
Layout planning must be aligned with organizational needs, ensuring the optimization of processes and flow related to the company's productive resources.
To be effective, the layout must combine environment, functionality, resources and costs, in order to optimize the arrangement and activities of the functional areas, allowing correct communication between departments, monitoring the flow of people and materials, reducing idleness and costs and improving the use of available space as a whole.
One of your business clients has owned and operated his own business as a sole proprietor for over 30 years. He now wants to do some retirement/succession planning. On the issue of the legal structure/ownership of his business, the best advice for him would be to:
Answer:
Incorporating the business and selling the shares to investors to take over as successors
Explanation:
Business incorporation is the legal process through which a business is formed.This allows an incorporated business to sell shares or stocks to interested investors , giving them the power of ownership in proportion to the volume of shares held , and the liability limited to the investment in the business.
It has the advantage over other methods of succession planning in active involvement in the business , limited liability and easier procedures.
Distinguish among operating, investing, and financing activities for the statement of cash flows indirect method) Aurum Investments specializes in low-risk government bonds. Identify each of Vanderpool's transactions as operating (O), investing (I), financing (F), non-cash investing and financing (NIF), or a transaction that is not reported on the statement of cash flows (N). Indicate whether each item increases (+) or decreases (minus) cash. The indirect method is used for operating cash flows.
A. Acquisition of equipment by issuance of note payable
B. Purchase of long-term investment with cash
C. Issuance of long-term note payable to borrow cash
D. Increase in prepaid expenses
E. Decrease in accrued liabilities
F. Loss of sale of equipment
G. Decrease in accounts receivable
H. Depreciation of equipment
I. Increase in accounts payable Amortization of intangible assets
K. Purchase of treasury stock
L. Payment of long-term debt
M. Increase in salary payable
N. Cash sale of land
O. Sale of long-term investment
P. Acquisition of building by cash payment
Q. Net income
R. Issuance of common stock for cash
S. Payment of cash dividend
Answer and Explanation:
The cash flow statement includes three categories of activities which are listed below:
1. Operating activities: This covers all transactions that after net income impact the working capital. This will subtract the rise in current assets and a reduction in current liabilities, while adding the decline in current assets and a rise in current liabilities.
It will manage some adjustments in working capital. For addition, the depreciation expenses are applied to the net profit and the loss on the selling of assets is added, while the profit on the sale of assets is deducted
2. Investing activities: it tracks operations that involve purchasing and selling long-term properties. The buying is a cash outflow while the sale is a cash inflow
3. Financing operations: it tracks transactions that have an impact on long-term debt and equity balance of shareholders. Share issue is a cash inflow while redemption and dividends are cash outflows.
Based on the above explanation, the classification is as follows
A. , non-cash investing and financing (NIF), as it does not involve any cash transactions
B. Investing activity as this reflects the cash outflows
C. Financing activity as this reflects the cash inflows
D. Operating activity as this reflects the cash outflows
E. Operating activity as this reflects the cash outflows
F. Operating activity as this reflects the cash inflows
G. Operating activity as this reflects the cash inflows
H. Operating activity as this reflects the cash inflows
I. Operating activity as this reflects the cash inflows
J. Operating activity as this reflects the cash inflows
K. Financing activity as this reflects the cash outflows
L. Financing activity as this reflects the cash outflows
M. Operating activity as this reflects the cash inflows
N. Investing activity as this reflects the cash inflows
O. Investing activity as this reflects the cash inflows
P. Investing activity as this reflects the cash outflows
Q. Operating activity as this reflects the cash inflows
R. Financing activity as this reflects the cash inflows
S. Financing activity as this reflects the cash outflows
A river barge company can offer cheaper, although slower, per-pound transportation of products to companies when compared with transportation by air, truck, or rail. The river barge company should first target customers whose companies use:
Answer:
the cost leadership strategy.
Explanation:
A river barge company can offer cheaper, although slower, per-pound transportation of products to companies when compared with transportation by air, truck, or rail. The river barge company should first target customers whose companies use the cost leadership strategy.
A cost leadership strategy is a business strategy which is aimed at using the lowest cost of production and operation in a business.
Hence, river barge company cheaper, although slower, per-pound transportation as against the use of air, truck, or rail which would be more expensive.
Etsuro is a management consultant. Baker Corp. asks him to evaluate their company, and he finds that the difference between the cost of producing the firm's products and the value of those products is extremely narrow. What should Etsuro suggest that Baker Corp. management do? Find a way to pass on as much profit as possible to suppliers and customers. Find a way to widen the gap between cost and value. Shore up the company's strong position by erecting entry barriers. Encourage customers to buy complements to their products.
Answer:
find a way to widen the gap between cost and value
Explanation:
Since in the question, it is mentioned that Baker Corp wants to evaluate the company and determine the difference between the cost for producing the products and the value
So here Baker corp should find a way to broaden the gap between the gap and value so that the company could able to find out where is the mistake is done so that it could be improved
Hence, the second option is correct
Scenario 14-4 The information below applies to a competitive firm that sells its output for $40 per unit. • When the firm produces and sells 150 units of output, its average total cost is $24.50. • When the firm produces and sells 151 units of output, its average total cost is $24.55. Refer to Scenario 14-4. Suppose the firm is producing 150 units of output and its fixed cost is $975. Then its average variable cost amounts to
Answer:
average variable cost = $18 per unit
Explanation:
total production costs when producing 150 units = average total cost x total output = $24.50 x 150 = $3,675
total variable costs = total production costs - fixed costs = $3,675 - $975 = $2,700
average variable cost = total variable costs / total output = $2,700 / 150 units = $18 per unit
In March 2012, the state of California started requiring that all packaging for food and drink with the additive 4-methylimidazole (4-MI) be clearly labeled with a cancer warning. Because of this, both Pepsi and Coke changed their formula to eliminate 4-MI as an ingredient. If Pepsi and Coke did NOT change their formula, holding all else constant, what would have happened to the demand for these goods, assuming Pepsi and Coke were in a competitive market
Answer:
The demand curve for Pepsi and Coke would have shifted to the left, causing the price of both products to decrease and the profits for both companies to fall.
Explanation:
As in the question it is mentioned that the if the Pepsi and Coke do not change the formula and all other things being constant so the demand for the goods in case of the competitive market is that the demand curve is shifted to the left which results in a decrease in the price of both goods also due to price falls the profits for both companies dropped.
A decrease in the discount rate: Group of answer choices leads to an increase in the interbank rate charged by commercial banks. causes an increase in the federal funds rate. increases reserve holdings of the commercial banks. lowers the cost of borrowing from the Fed. decreases the money supply.
Answer:
lowers the cost of borrowing from the Fed.
Explanation:
The discount rate is the rate that the Fed charges to commercial banks for overnight loans. This loans are only made when commercial banks have no other option, and represent one of the Fed's main functions: acting as lender of last resort.
When the Fed lowers the discount rate, commercial banks can access the Fed as lender of last resort at cheaper interest rates.
Your sister recently opened a swanky three-floor cheese market, Fromagerie, which is quickly gaining attention from locals, the press, and restaurateurs in the area. Located near a college town, Fromagerie specializes in rare international cheeses; and on the top floor, there is a bistro where patrons can take cooking lessons, meet new people, dine, and sample some of the world's most savory cheeses before they make a purchase decision. The bistro element of the Fromagerie is primarily an example of your sister's retail strategy in the area of:______
a. merchandising
b. atmospheric
c. location
d. customer services
e. promotion
Answer:
customer service
Explanation:
In simple words, h Customer care or service refers to the immediate each-on-one relationship between a paying customer and the subject company's marketing agent. This direct engagement is seen by most merchants as a key factor in maintaining customer loyalty and promoting repeat sales.
Thus, from the above we can conclude that the given case relates to customer service.
Greg was looking at different websites to complete his paper for his accounting class. He found several websites that ended in .org, .gov, and .edu. He was unsure about franksmith.net, created by Frank Smith, which gave him a lot of information that he thought was important. Which best describes how Greg could find more information about the website to check for its validation?
In this question the options are missing; here are the options:
Which best describes how Greg could find more information about the website to check for its validation?
Greg could assume it is valid because it is a .net.
Greg could look at the contact page to validate Frank's expertise.
Greg could look to see if the website was updated recently,
Greg could assume it is valid since Frank is not selling anything.
The answer to this question is B. Greg could look at the contact page to validate Frank's expertise.
Explanation:
One of the key factors that make a source to be credible is the expertise of the author because if the author is an expert in the area, the source is generally considered as credible. For example, the words of Isaac Newton are a credible source if these are related to areas such as maths, physics, or astronomy because he was an expert in this area. In this context, one way Greg could validate this source is by checking who is Frank Smith to verify if he is an expert in the topic. This makes option B correct.
Answer:B) Greg could look at the contact page to validate Frank’s expertise.
Explanation: Got it correct, edu.23
Bio-Lab Pharmaceuticals carried on a project to develop a new drug that dramatically shortened the recovery period for flu infection. The project cost the company $150,000 before Bio-Lab abandoned the project due to the slim possibility to gain FDA approval. Bio-Lab then spent $300,000 on another project developing a kind of shot that achieves the same goal for flu recovery, and the company is confident in gaining FDA approval for the new shot and in making profits out of the shot. What amount would be expensed
Answer:
$450,000
Explanation:
Calculation for the amount that would be expensed
Using this formula
Amount to be expensed = Project cost before the project was abandoned + Amount spent on another project
Let plug in the formula
Amount to be expensed =$150,000+$300,000
Amount to be expensed =$450,000
Therefore the amount that would be expensed will be $450,000
An investor purchases a stock for $52 and a put for $0.60 with a strike price of $50. The investor sells a call for $0.60 with a strike price of $58. What is the maximum profit and loss for this position
Answer:
Maximum profit = $6
Maximum loss = -$2
Explanation:
The computation of maximum profit and loss for this position is shown below:-
Maximum profit = Strike price - Purchase of stock
= $58 - $52
= $6
Maximum loss = Strike price - Purchase of stock
= $50 - $52
= - $2
Therefore for determining the maximum profit and loss for this position we simply applied the above formulas.
What is asset allocation? Why is this used?
Answer:
Asset allocation is an investment portfolio technique that aims to balance risk by dividing assets among major categories such as cash, bonds, stocks, real estate, and derivatives. Each asset class has different levels of return and risk, so each will behave differently over time :)
Explanation:
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