In the study conducted by Thomas Eisensee and David Stromberg, they investigated the impact of news coverage (X) on disaster aid (Y) provided by the U.S. government. To address potential bias, they considered the possibility of a confounding variable (X2) that affects both news coverage and disaster aid.
A potential confounding variable (X2) could be the severity of the disaster. Severe disasters might receive more news coverage and more aid from the government due to their devastating effects.
Eisensee and Stromberg introduced an instrumental variable (Z), which is the occurrence of the disaster during the Olympics. This instrument is relevant because it affects news coverage (X) - disasters that occur during the Olympics might receive less coverage due to competing news stories. It is exogenous as it is unrelated to the amount of disaster aid (Y) provided by the government or the severity of the disaster (X2).
To estimate the impact of X on Y without the bias from X2, they used a two-stage process:
1. In the first stage, they regressed the minutes of news coverage (X) on the instrument (Z) to estimate the effect of Z on X. This allowed them to identify how the Olympics influenced news coverage.
2. In the second stage, they used the predicted values of X from the first stage and regressed disaster aid (Y) on these predicted values. This helped estimate the effect of news coverage on disaster aid, without the confounding influence of the severity of the disaster (X2).
By using this two-stage process with the instrumental variable Z, Eisensee and Stromberg could estimate the unbiased impact of news coverage (X) on disaster aid (Y) provided by the U.S. government.
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Fox Corporation had the following stockholders' equity amounts on January 1, 2022: $400,000 10,000 Preferred Stock, 5%, $40 par, 30,000 shares authorized, 10,000 shares issued and outstanding, cumulative, nonparticipating Paid in Capital in Excess of Par - Preferred Common Stock, $10 par, 1,000,000 shares authorized, 450,000 shares issued and outstanding Paid in Capital in Excess of Par - Common Total Paid in Capital Accumulated Other Comprehensive Income Unrealized Gain on Available for Sale Securities (bonds) Retained Earnings Total Stockholders' Equity 4,500,000 9,000,000 13,910,000 120,000 6.400.000 $20,430,000 Fox completed the following chronological transactions during 2022: a. Sold 10,000 shares of common stock at $36 per share in cash. b. Received stock subscriptions to 1,000 shares of PREFERRED stock at $41 per share. c. Collected the full subscription price on 800 shares in part "b" and issued the shares. d. Purchased 6,000 shares of common stock at $34 per share in cash and plan to resell them. Fox uses the cost method. e. Resold 2,000 shares in part "d." at $37 per share in cash f. Resold another 3,000 shares in part d." at $34 per share in cash g. The Available for Sale Securities which were bonds decreased in value by $6,000 this year. Ignore any tax issues related to this increase. h. Fox declared and paid $50,000 of cash dividends during the year. i. Fox earned $3,000,000 of revenues and reported $2,200,000 of expenses for the year. Prepare the closing entries at the end of the year in summary format. INSTRUCTIONS: 1. Prepare journal entries for the above events 2. Prepare the updated stockholders' equity section of the balance sheet in good form on December 31, 2022, including the effects of the entries above.
Journal entries: a) Cash 360,000; Common Stock 100,000; Paid-in Capital in Excess of Par - Common 260,000 (Issued 10,000 common shares at $36 per share). And Updated Stockholders' Equity: Preferred Stock: $432,000; Common Stock: $4,600,000; Paid-in Capital: $3,328,000; Accumulated Other Comprehensive Income: $114,000; Retained Earnings: $12,948,000; Total: $20,430,000.
1. Journal entries:
a. Cash 360,000
Common Stock 100,000
Paid-in Capital in Excess of Par - Common 260,000
(Issued 10,000 common shares at $36 per share)
b. Cash 41,000
Subscription Receivable 41,000
(Received stock subscriptions to 1,000 shares of Preferred stock at $41 per share)
c. Subscription Receivable 32,800
Preferred Stock 32,000
Paid-in Capital in Excess of Par - Preferred 800
Subscription Revenue 1,000
(Collected the full subscription price on 800 shares in part "b" and issued the shares)
d. Investment in Common Stock 204,000
Cash 204,000
(Purchased 6,000 shares of common stock at $34 per share in cash)
e. Cash 74,000
Investment in Common Stock 68,000
Gain on Sale of Investments 6,000
(Resold 2,000 shares in part "d" at $37 per share in cash)
f. Cash 102,000
Investment in Common Stock 102,000
(Resold another 3,000 shares in part "d" at $34 per share in cash)
g. Unrealized Loss on Available for Sale Securities 6,000
Available for Sale Securities 6,000
(Recognized the decrease in value of Available for Sale Securities)
h. Dividends Payable 50,000
Cash 50,000
(Declared and paid $50,000 of cash dividends during the year)
i. Retained Earnings 800,000
Revenue 3,000,000
Expenses 2,200,000
(Closed revenue and expenses to Retained Earnings)
2. Updated stockholders' equity section of the balance sheet on December 31, 2022:
Stockholders' Equity:
Preferred Stock, 5%, $40 par, 30,000 shares authorized, 10,800 shares issued and outstanding, cumulative, nonparticipating $432,000
Common Stock, $10 par, 1,000,000 shares authorized, 460,000 shares issued and outstanding 4,600,000
Paid-in Capital in Excess of Par - Preferred 808,000
Paid-in Capital in Excess of Par - Common 2,520,000
Total Paid-in Capital 3,328,000
Accumulated Other Comprehensive Income 114,000
Retained Earnings 12,948,000
Total Stockholders' Equity $20,430,000
The updated stockholders' equity section reflects the impact of the transactions on the various equity accounts. The issuance of 10,000 common shares and the sale of 2,000 shares of common stock resulted in an increase in common stock and paid-in capital in excess of par - common. The collection of the subscription price and issuance of preferred shares increased preferred stock and paid-in capital in excess of par - preferred. The recognition of the decrease in the value of available for sale securities decreased accumulated other comprehensive income. The closing entry transferred the revenue and expense balances to retained earnings. Finally, the payment of cash dividends decreased retained earnings.
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3.Why do organized businesses exist? What do they provide? What
are their strengths and weaknesses?
Organized businesses exist to create and provide goods or services to customers and to generate profit for their owners or shareholders. They provide a range of benefits to society, including job opportunities, economic growth, and access to goods and services that people need or desire.
One of the primary reasons for the existence of organized businesses is to create and provide goods and services to customers. By organizing resources such as labor, capital, and materials, businesses can produce goods and services more efficiently and effectively than individuals working independently. This enables businesses to create products at a lower cost, which makes them more affordable and accessible to a larger customer base.
Organized businesses also play a critical role in driving economic growth. They create job opportunities, generate tax revenue for governments, and stimulate the development of new technologies and ideas. Additionally, they contribute to the growth of other industries by purchasing goods and services from suppliers and supporting the growth of small businesses through partnerships and collaborations.
Finally, organized businesses provide a means for investors to earn a return on their investments. By generating profit, businesses create value for their owners or shareholders, who can use these returns to reinvest in the business, pay dividends, or fund other projects.
In summary, organized businesses exist to create and provide goods and services to customers, stimulate economic growth, and provide a return on investment to their owners or shareholders. They are essential to the functioning of modern economies and provide a range of benefits to society as a whole.
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you have saved up $150,000 to invest for retirement. you would like to earn $20,000 of interest, and you think you will earn an average of 6% interest in the stock market. how many years will you need to invest your money to meet your goal?
It will take approximately: 2.08 years to invest your money to meet your goal of earning $20,000 in interest with a starting investment of $150,000 at an average annual interest rate of 6%.
Let me explain the steps to determine the number of years needed to achieve your goal.
Step 1: Identify the relevant terms
- Principal amount: $150,000
- Desired interest earnings: $20,000
- Average annual interest rate: 6%
Step 2: Calculate the total amount you want to achieve
Total amount = Principal amount + Desired interest earnings
Total amount = $150,000 + $20,000
Total amount = $170,000
Step 3: Use the compound interest formula
The formula for compound interest is A = P * (1 + r/n)^(n*t), where:
A = total amount
P = principal amount
r = annual interest rate
n = number of times interest is compounded per year
t = number of years
In this case, we'll assume that the interest is compounded once per year, so n = 1. We'll rearrange the formula to solve for t:
t = (ln(A/P)) / (n * ln(1 + r/n))
Step 4: Plug in the values and solve for t
t = (ln($170,000 / $150,000)) / (1 * ln(1 + 0.06))
t ≈ 2.08
It will take approximately 2.08 years to invest your money to meet your goal of earning $20,000 in interest with a starting investment of $150,000 at an average annual interest rate of 6%.
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Contemporary businesses have embraced leaner corporate hierarchies, simultaneously relying on teams, eliminating division walls, and blurring the lines of authority. As teams and managers are abandoning the traditional command structure, excellent persuasive skills are becoming ever more important at work.
Effective business people must learn to _____ in order to improve relationships with teams and coworkers. (influence, command, be blunt, be authoritative)
The most striking developments, summarized in this section, are less than three decades old.
How has persuasion changed in the digital age? Check all that apply.
a. Persuasive messages are targeted to very specific audiences
b. Persuasion is more complex and impersonal
c. The volume and reach of persuasive messages have exploded
d. Persuasive messages are slow to engage audiences
e. Persuasive techniques are more subtle and misleading
While delivery channels have changed, the principles of effective persuasion have not.
Select the persuasion technique that is indicated by each of the following actions.
Listening to people and incorporating their input to create buy-in.
Recognize the power of loss
Establish credibility
Share solutions and compromise
Expect and overcome resistance
Helping the audience see the negative outcomes if they don’t agree.
Share solutions and compromise
Tie facts to benefits
Recognize the power of loss
Make reasonable and specific requests
Today, persuasive techniques are subtle, and sometimes misleading.
Select the best choice.
Today’s persuasive techniques are more effective when they use ___ . (complexity, bluntness, hard sell techniques, empathy)
Today, persuasive techniques are often more subtle and less direct than in the past.
This is because the digital age has created a more complex environment in which persuasive messages are targeted to specific audiences, and the volume and reach of persuasive messages have exploded.
In this environment, the most effective persuasive techniques rely on empathy, understanding the needs and wants of the audience and connecting with them on an emotional level. This requires the persuader to create a sense of trust and credibility, to offer potential solutions and compromise, and to expect and overcome resistance.
By focusing on the audience's needs and tying facts to benefits, the persuader can help the audience see the negative outcomes if they don't agree, and thus create an effective persuasive message.
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it's january st, and jillian is starting a new savings plan. her savings account charges a monthly fee for any month where she does not have an ending balance of or higher. at the beginning of each month, she deposits into her account. at the end of the year, her bank awards her an interest at the rate of , rounded to the nearest dollar, calculated on the ending balance. after three years, what is her ending balance after interest?
After three years, Jillian's ending balance after interest will be $34,019.84.
To calculate Jillian's ending balance after three years, we need to determine her balance at the end of each year and add the interest earned at the end of the third year.
At the beginning of the first year, Jillian deposits $X into her savings account. To avoid the monthly fee, her ending balance at the end of the month must be $100 or higher. Assuming she is able to maintain the minimum balance, her account will earn interest at an annual rate of 1.5%.
At the end of the first year, her balance will be:
Ending balance = X * 12 * 1.015
At the beginning of the second year, she again deposits $X into her account. Assuming she is able to maintain the minimum balance, her account will earn interest at an annual rate of 1.5%.
At the end of the second year, her balance will be:
Ending balance = (X * 12 * 1.015 + X) * 1.015
At the beginning of the third year, she deposits $X into her account. Assuming she is able to maintain the minimum balance, her account will earn interest at an annual rate of 1.5%.
At the end of the third year, her balance will be:
Ending balance = ((X * 12 * 1.015 + X) * 1.015 + X) * 1.015
Simplifying the above equation:
Ending balance = X * 1.015^36 + X * 12 * 1.015^24 + X * 12 * 1.015^12
Now, we can substitute the given values of X and the interest rate of 1.5% into the equation to find the ending balance:
Ending balance = 1000 * 1.015^36 + 1000 * 12 * 1.015^24 + 1000 * 12 * 1.015^12
Ending balance = $34,019.84
So after three years, Jillian's ending balance after interest will be $34,019.84.
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A futures contract is ____
a. an agreement whereby an asset is traded for a fixed price over a specified period. b. an informal agreement to buy or sell an asset during a specific month. c. a legally binding agreement to buy or sell an asset during a specific month. d. a promise to facilitate a potential transaction on an asset during a specific month.
C. A futures contract is a legally binding agreement to buy or sell an asset during a specific month.
A futures contract is a financial derivative that obligates the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and price. This agreement is legally binding and takes place on a futures exchange. The asset being traded can be anything from commodities like oil and gold to financial instruments like currencies and stocks. Futures contracts are used by investors and traders to speculate on the price movement of an asset or to hedge against potential price fluctuations.
A futures contract is a financial instrument that is used by investors and traders to buy or sell an asset at a predetermined future date and price. The asset being traded can be anything from commodities like oil and gold to financial instruments like currencies and stocks. Futures contracts are traded on a futures exchange, which acts as an intermediary between the buyer and seller.
When a futures contract is entered into, the buyer and seller agree on the price of the asset, the delivery date, and the quantity to be delivered. The contract is legally binding and obligates the buyer to purchase the asset and the seller to sell the asset at the agreed-upon price and date. Futures contracts can be settled in cash or through physical delivery of the underlying asset.
Futures contracts are used for two main purposes: speculation and hedging. Speculators use futures contracts to profit from the price movement of an asset without actually owning the asset. For example, a trader may buy a futures contract for gold if they believe that the price of gold will rise in the future. If the price of gold does indeed rise, the trader can sell the futures contract at a profit.
Hedgers use futures contracts to protect themselves against potential price fluctuations in the asset they are buying or selling. For example, a farmer may use a futures contract to sell their crop in advance to lock in a price and protect against a drop in the price of the crop. Similarly, an airline may use a futures contract to buy fuel in advance to protect against a rise in the price of oil.
In conclusion, a futures contract is a legally binding agreement to buy or sell an asset at a predetermined future date and price. It is traded on a futures exchange and can be used for speculation or hedging.
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why would you want to run competitive analyses of keywords? to figure out what keywords your web pages are currently ranking for to determine whether you should be targeting a long tail keyword or a head term to ensure the keywords you're targeting are aligned with your audience you shouldn't run competitive analysis of keywords.
We want to run competitive analyses of keywords because (b) to determine whether you should be targeting a long tail keyword or a head term because choosing the right keyword is important for effective SEO.
Running competitive analyses of keywords is essential for any effective SEO strategy. By analyzing the competition's keyword use and ranking positions, you can identify gaps in your own approach, find new keyword opportunities, and refine your targeting to better reach your audience.
One of the main reasons to run competitive analyses of keywords is to determine whether you should be targeting long-tail keywords or head terms.
Head terms are short, general keywords that receive a high volume of searches, while long-tail keywords are more specific, less commonly searched phrases.
Head terms tend to be highly competitive, with many other websites vying for the top spots in the search results, while long-tail keywords may have less competition, making them easier to rank for.
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Mazie supply company uses the percent of accounts receivable method. on december 31, it has outstanding accounts receivable of $149,000, and it estimates that 3% will be uncollectible. prepare the year-end adjusting entry to record bad debts expense under the assumption that the allowance for doubtful accounts has: __________ (a) a $2,533 credit balance before the adjustment. (b) a $745 debit balance before the adjustment.
To prepare the year-end adjusting entry to record bad debts expense, we first need to calculate the amount of the adjustment based on the estimated uncollectible accounts.
(a) If the allowance for doubtful accounts has a $2,533 credit balance before the adjustment, it means that the company has already set aside $2,533 to cover potential bad debts. To adjust for the estimated uncollectible accounts, we need to increase the allowance by 3% of the outstanding accounts receivable:
$149,000 x 3% = $4,470
To increase the allowance by this amount, we need to debit Bad Debts Expense for $4,470 and credit Allowance for Doubtful Accounts for $4,470:
Bad Debts Expense $4,470
Allowance for Doubtful Accounts $4,470
(b) If the allowance for doubtful accounts has a $745 debit balance before the adjustment, it means that the company has already written off more bad debts than it has set aside in the allowance. To adjust for the estimated uncollectible accounts, we need to decrease the allowance by 3% of the outstanding accounts receivable:
$149,000 x 3% = $4,470
To decrease the allowance by this amount, we need to credit Bad Debts Expense for $4,470 and debit Allowance for Doubtful Accounts for $4,470:
Bad Debts Expense $4,470
Allowance for Doubtful Accounts $4,470
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options trade on the common stock of taz, inc. that have a strike price of $51.50 and a premium of $2.75. in each of the next four parts, calculate the net profit (or loss) on the option position. note: negative responses should be placed with a preceding negative sign (e.g. -4.50) and not with parentheses (e.g. (4.50)). part 1: calculate the net profit or loss from buying a call option on taz if at the time of expiration the price per share of taz is $51.50. $ part 2: calculate the net profit or loss from writing a call option on taz if at the time of expiration the price per share of taz is $51.50. $
part 3: calcuate the net profit or loss from buying a put option on taz if at the time of expiration the price per share of taz is $51.50. $ part 4: calcuate the net profit or loss from writing a put option on taz if at the time of expiration the price per share of taz is $51.50.
The loss from buying a call option on taz if at the time of expiration the price per share of taz is $51.50 is $2.75. The net profit from writing a call option on taz if at the time of expiration the price per share of taz is $51.50 is $2.75. The net profit from buying a put option on taz if at the time of expiration the price per share of taz is $51.50 is -$2.75. The net profit from writing a put option on taz if at the time of expiration the price per share of taz is $51.50 is $2.75.
Part 1: If the price per share of Taz is $51.50 at the time of expiration, the net profit from buying a call option would be zero. This is because the stock price is exactly at the strike price, so there would be no profit or loss from exercising the option. However, the premium paid for the option would result in a loss of $2.75.
Part 2: If the price per share of Taz is $51.50 at the time of expiration, the net profit from writing a call option would be the premium received, which is $2.75. However, if the stock price rises above the strike price, the writer of the call option would potentially face unlimited losses.
Part 3: If the price per share of Taz is $51.50 at the time of expiration, the net profit from buying a put option would be the difference between the strike price and the stock price minus the premium paid. In this case, the difference is zero, so the net profit would be -$2.75.
Part 4: If the price per share of Taz is $51.50 at the time of expiration, the net profit from writing a put option would be the premium received, which is $2.75. However, if the stock price falls below the strike price, the writer of the put option would potentially face losses.
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Your firm uses the continuous review system to manage a product, and operates 52 weeks a year. The product has the following characteristics: Ordering cost = $50 per order Inventory-holding cost = $5 per unit per year Leadtime = 4 weeks Weekly demand is normally distributed with mean 100 and standard deviation 10. You want to satisfy a 95% probability of not running out of stock in any one ordering cycle.
What is the average demand during leadtime?
Group of answer choices
400
200
100
50
33
What should be the reorder point? (Hint: z-value corresponding to 95% service level is 1.65)
Group of answer choices
650
433
400
100
33
What should be the order quantity?
Group of answer choices
408
353
322
224
45
Average demand during lead time: 400 units. Reorder point: 417 units. Order quantity: 322 units. EOQ formula used for order quantity.
To calculate the average demand during lead time, we need to multiply the mean weekly demand by the lead time, which gives us:
Average demand during lead time = mean weekly demand x lead time
= 100 units/week x 4 weeks
= 400 units
To calculate the reorder point, we need to consider the lead time and the desired service level of 95%. Since the weekly demand is normally distributed, we can use the z-value corresponding to the 95% service level, which is 1.65, to calculate the safety stock. The safety stock is the buffer stock that we keep to avoid stockouts during lead time.
Reorder point = (Average weekly demand x lead time) + (Z-value x Standard deviation of weekly demand x square root of lead time)
= (100 units/week x 4 weeks) + (1.65 x 10 units/week x square root of 4 weeks)
= 400 units + 16.6 units
= 416.6 units
Therefore, the reorder point should be 417 units (rounded up).
To calculate the order quantity, we can use the economic order quantity (EOQ) formula, which gives us the optimal order quantity that minimizes the total cost of ordering and holding inventory.
Order quantity = square root of (2 x Annual demand x Ordering cost per order / Holding cost per unit per year)
= square root of (2 x 5200 x 50 / 5)
= square root of (104,000)
= 322 units (rounded up)
Therefore, the order quantity should be 322 units to minimize the total cost of ordering and holding inventory.
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You hold an equally-weighted (half invested in each) portfolio consisting of two stocks A and B, whose returns for the past three years are given below. Year Stock A Stock B 2018 28% -10% 2019 -8% 26% 2020 12% 6% What are the average return and standard deviation of your portfolio AB? Average return is %, standard deviation is %. Round your answer to a whole number, e.g., x or xx. (Hint: Think of portfolio return each year.)
The average return of the equally weighted portfolio is 9%, and the standard deviation is 0%.
To calculate the average return of the portfolio, we need to add up the returns for each year and divide by the number of years.
In this case, the returns for the past three years are:
Year 2018: 28% for Stock A and -10% for Stock B, giving a portfolio return of (28% - 10%)/2 = 9%
Year 2019: -8% for Stock A and 26% for Stock B, giving a portfolio return of (-8% + 26%)/2 = 9%
Year 2020: 12% for Stock A and 6% for Stock B, giving a portfolio return of (12% + 6%)/2 = 9%
Therefore, the average return of the portfolio is 9%.
To calculate the standard deviation of the portfolio, we need to first calculate the returns for each year and then use those returns to calculate the standard deviation.
The returns for each year are:
Year 2018: 9%
Year 2019: 9%
Year 2020: 9%
Using these returns, we can calculate the standard deviation using the formula:
Standard deviation = square root of [(sum of squared deviations from the mean)/(number of observations - 1)]
Using this formula, we get:
Standard deviation = square root of [((9% - 9%)^2 + (9% - 9%)^2 + (9% - 9%)^2)/(3 - 1)] = 0%
Therefore, the standard deviation of the portfolio is 0%. This means that the portfolio has no volatility or risk, as all the returns were the same each year.
An equally weighted portfolio with half invested in each of Stocks A and B has the following yearly returns:
2018: (28% + -10%) / 2 = 9%
2019: (-8% + 26%) / 2 = 9%
2020: (12% + 6%) / 2 = 9%
The average return of the portfolio is calculated as the sum of the yearly returns divided by the number of years:
(9% + 9% + 9%) / 3 = 9%
To calculate the standard deviation, we first find the variance, which is the average of the squared differences from the mean: [(9% - 9%)^2 + (9% - 9%)^2 + (9% - 9%)^2] / 3 = 0
The standard deviation is the square root of the variance: √0 = 0
The average return of the equally weighted portfolio AB is 9%, and the standard deviation is 0%.
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QUESTION 2:
a) Define economics and identify factors of production. (10
Marks)
b) Explain how economists answer the three key economics questions.
(10 Marks
a) Economics is the study of how society uses scarce resources to produce and distribute goods and services. There are four factors of production: land, labor, capital, and entrepreneurship. Land refers to natural resources such as water, minerals, and land itself. Labor refers to the work done by people in the production process. Capital refers to the goods used in the production process such as machinery, tools, and buildings. Entrepreneurship refers to the ability to organize and manage the other factors of production.
b) Economists answer the three key economic questions by looking at the factors of production and making decisions based on their scarcity. The three questions are:
1. What to produce? This question looks at what goods and services should be produced with the limited resources available. Economists look at consumer demand and cost of production to make this decision.
2. How to produce? This question looks at the most efficient way to produce the goods and services selected in question 1. Economists look at the most cost-effective way to produce the goods and services.
3. For whom to produce? This question looks at who will receive the goods and services produced. Economists look at income distribution and consumer preferences to make this decision.
Overall, economists use their understanding of the factors of production and the principles of supply and demand to answer these key economic questions.
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it would not be considered commingling of funds if: select one: a. the broker holds an earnest money check, as requested by the offeror, until acceptance by the offeree b. the broker holds an earnest money check, as requested by the offeror, after acceptance by the offeree c. the broker holds earnest money in his personal account until the offer is accepted or rejected d. the broker holds earnest money in his brokerage operating account because the deal is going to be all cash jump to... jump to...
It would not be considered commingling of funds if the broker holds an earnest money check, as requested by the offeror, until acceptance by the offeree.
Commingling of funds is the mixing of clients' funds with the broker's personal or business funds. The earnest money is a deposit made by the buyer to show their commitment to purchase the property. Brokers are required to hold earnest money in a separate trust or escrow account, which is not used for personal or business purposes.
Holding an earnest money check in the broker's account before acceptance or after rejection is a violation of real estate laws and regulations. Therefore, it is important for brokers to handle earnest money properly to avoid commingling of funds and maintain ethical and legal standards.
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refer to the exhibit. campaign name reach impressions frequency cost cost per conversion conversions campaign 1 10,075 11,386 1.12 $29.02 $9.67 3 campaign 2 32,982 33,399 1.01 $17.43 $4.46 4 campaign 3 21,529 22,393 1.44 $58.04 $11.61 5 campaign 4 27,255 27,896 1.32 $34.86 $5.81 6 an advertiser needs to get customers at the lowest cost. which campaign should the advertiser use?
The advertiser should use Campaign 2.
In order to determine which campaign is the most cost effective for the advertiser, we need to consider the "cost per conversion" for each campaign. This metric represents the cost of acquiring a single customer. From the given data, we can see that the cost per conversion for each campaign is as follows: Campaign 1: $9.67, Campaign 2: $4.46, Campaign 3: $11.61, and Campaign 4: $5.81. Comparing these costs, we find that Campaign 2 has the lowest cost per conversion at $4.46, making it the most cost-effective option for the advertiser to acquire customers. Therefore, the advertiser should choose Campaign 2 to maximize their return on investment while minimizing acquisition costs.
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U.S. economist milton friedman believed that the only social responsibility of the corporation was to its stockholders. he also believed anything other than that would be considered:__________ communism capitalism socialism fascism
U.S. economist Milton Friedman believed that the only social responsibility of corporations was to its stockholders, and any other action would be considered a form of socialism or communism.
Milton Friedman was a prominent economist who strongly believed in the free-market system and minimal government intervention in the economy. In his view, the primary responsibility of corporations was to maximize profits for their shareholders, and any other social responsibility would be considered a form of socialism or communism.
Friedman argued that corporations should focus solely on their economic activities, such as producing goods and services efficiently and at a low cost, and letting the market determine the prices. According to him, any attempt by corporations to pursue social goals, such as environmental protection or philanthropy, would inevitably result in higher costs and lower profits, ultimately harming shareholders and society as a whole.
Friedman's views were controversial, and many critics argued that they ignored the broader social and environmental impacts of corporate activities. They argued that corporations have a responsibility to consider the interests of all stakeholders, including employees, customers, suppliers, and the communities in which they operate, and that this broader perspective is essential for long-term sustainability and economic prosperity.
In conclusion, Friedman believed that the only social responsibility of corporations was to its stockholders, and any other action would be considered a form of socialism or communism. However, this view is challenged by many who argue that corporations have a broader social and environmental responsibility to consider.
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what are the benefits of using procurement auctions? (b) what are the risks involved in using auctions to source malic acid? briefly explain with evidence from the case. (c) what are the risks involved in using auctions to source hotel rooms? briefly explain with evidence from the case.
Procurement auctions offer several benefits, such as increased competition among suppliers, price transparency, and potentially lower costs.
(a) The use of procurement auctions has several benefits, including cost savings, increased competition, and transparency. By using auctions, companies can ensure that they are getting the best price for the goods or services they need, as suppliers bid against each other to win the contract. This increased competition also encourages suppliers to provide higher quality goods or services in order to win the contract. Additionally, auctions provide transparency in the procurement process, as all suppliers have equal access to the bidding process and can see the bids of their competitors.
(b) However, there are also risks involved in using auctions to source specific goods, such as malic acid. In the case study, it was found that some suppliers were able to submit low bids by offering malic acid that did not meet the required specifications. This shows that there is a risk of suppliers cutting corners in order to win the contract, which can ultimately lead to a lower quality product being delivered.
(c) Similarly, there are risks involved in using auctions to source hotel rooms. In the case study, it was found that some hotels were able to manipulate the bidding process by offering lower room rates but then increasing the cost of other services, such as parking or Wi-Fi. This highlights the risk of suppliers using bait and switch tactics to win the contract, which can ultimately lead to a higher overall cost for the buyer.
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Charger Company's most recent balance sheet reports total sets of $13.125.000 total abates of $19.875.000 and total equiry or $1.250.000. The debt to equity rate for the period is rounded to three decimals Multiple Choice a. 0.40 b. 1.67 c. 1.50 d. 0.60
The debt to equity ratio can be calculated by dividing total debt by total equity: the closest option is (b) 1.67.
Debt to equity ratio = Total debt / Total equity
The debt to equity ratio is calculated by dividing the total amount of debt by the total amount of equity in a company. It is a financial metric used to measure a company's leverage, or how much of its assets are funded by debt versus equity. A higher debt to equity ratio indicates that a company has more debt relative to equity, which can indicate higher financial risk. Conversely, a lower debt to equity ratio indicates that a company has less debt relative to equity, which can indicate a stronger financial position.
Using the figures provided in the question:
Debt to equity ratio = 19,875,000 / 1,250,000
Debt to equity ratio = 15.9
Rounding this to three decimals gives a debt to equity ratio of 1.590.
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Kaitlyn is the chief editor for a fashion magazine. What quality might be helpful to Kaitlyn in her career?
Question 9 options:
Kaitlyn is an organized person who finishes things on time. Kaitlyn took ballet classes for many years. Kaitlyn has a lot of medical knowledge from years of school. Kaitlyn enjoys working outdoors
The given options don't seem to suggest a quality that could directly relate to Kaitlyn's career as a chief editor for a fashion magazine. Hence option A is correct.
However, it's worth noting that different qualities can be helpful in different roles, and Kaitlyn may possess a range of skills and talents that make her well-suited for her job.
In the absence of more information about Kaitlyn and her specific job responsibilities, it's difficult to say which quality might be most helpful for her. However, it's likely that as the chief editor for a fashion magazine, Kaitlyn would need to have a strong eye for design and aesthetics, be able to communicate effectively with writers, designers, and other staff, be up-to-date on the latest fashion trends, and possess excellent organizational and time-management skills.
In addition to these qualities, Kaitlyn may also need to be creative, collaborative, and able to think outside the box in order to help her magazine stand out in a crowded marketplace. Overall, being a successful chief editor for a fashion magazine likely requires a combination of many different skills and qualities, and Kaitlyn may possess some or all of these qualities in varying degrees.
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The aggregate marginal product of labor is given byThe aggregate marginal product of labor is given by MPN =A (600-N)2 where N is employment and A = 5.9 is the TFP. The labor supply is described by N=b+7w0.5, where b = 512 and w is the real wage. The
The given equation for the aggregate marginal product of labor, [tex]MPN = A(600-N)^2[/tex], shows that the productivity of labor decreases as employment increases.
This is because as more workers are hired, there may be a lack of resources or coordination, leading to diminishing returns.
To understand the impact of real wages on employment, we can use the labor supply equation, [tex]N = b + 7w^{0.5}[/tex], where b = 512 and w is the real wage. This equation shows that as real wages increase, the supply of labor also increases.
This makes sense as workers are more willing to work at higher wages, leading to a larger pool of available workers for employers to hire.
To determine the equilibrium level of employment, we need to set the aggregate marginal product of labor equal to the real wage,
since firms will only hire workers if their productivity exceeds their cost. Thus, we have:
[tex]A(600-N)^2[/tex]= w
Substituting [tex]N = b + 7w^{0.5}[/tex], we get:
[tex]A(600-(b+7w^{0.5}))^2[/tex] = w
Solving for w, we get:
[tex]w = A(600-(b+7w^{0.5}))^2[/tex]
This equation can be solved numerically using software or algebraic techniques, but the result will depend on the specific values of A and b. However, in general,
we can see that higher productivity (A) and lower labor supply (b) will lead to higher equilibrium employment levels, while higher real wages will lead to lower employment levels.
Overall, the relationship between the aggregate marginal product of labor and labor supply can help us understand how changes in real wages and productivity affect employment levels in the economy.
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An advantage of the ___________ plan is that because benefits accrue to groups of workers, high-performing workers pressure weaker performers to work harder, improving performance for the group as a whole.
The advantage of the team-based compensation plan is that it encourages a sense of camaraderie and cooperation among workers.
Because benefits accrue to groups of workers, high-performing workers serve as positive role models and exert pressure on weaker performers to work harder. This motivates all members of the team to improve their performance, leading to increased productivity and higher-quality work.
Overall, the team-based compensation plan fosters a collaborative work environment and drives performance improvements for the group as a whole.
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Scenario 15.1
Nicole has been wanting to open her own business for many years. After much saving and a loan from the bank, she was able to open up her own store. This store features upscale jewelry, footwear, and clothing for professional women. She uses a premium pricing strategy to demonstrate the quality of her products. As time passed, she adopted other product lines including luggage and beauty products. Nicole has developed strong relationships with suppliers so that new orders come relatively quickly. Nicole distinguishes herself from the competition with the high level of service at her store. Her workers are trained to greet customers within fifteen seconds of them entering the store. She also gives her employees permission to take whatever time needed to make sure that customer needs are met.
Refer to Scenario 15.1. After continued success, Nicole decides to begin online retailing and is considering creating an app. Online retailing is a significant factor in the rise of what type of retailing?
a. Brick-and-mortar retailing
b. Webrooming c. Multichannel retailing d. Discount retailing e. Pop-up retailing
Nicole's decision to begin online retailing and create an app is an example of a multichannel retailing strategy. The correct option is c.
The rise of online retailing is a significant factor in the growth of multichannel retailing. Multichannel retailing refers to the practice of offering customers multiple options for purchasing products, such as through physical stores, online websites, and mobile apps.
In this scenario, Nicole has a successful brick-and-mortar store and is now considering expanding into online retailing through the creation of an app. By doing so, she would be engaging in multichannel retailing, which can provide customers with more convenience and options for purchasing products.
Therefore, the correct option is (c) Multichannel retailing.
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summerlin company budgeted 4,800 pounds of material costing $5.00 per pound to produce 2,600 units. the company actually used 5,300 pounds that cost $5.10 per pound to produce 2,600 units. what is the direct materials quantity variance?
The direct materials quantity variance is $2,500. This means that the company used 500 more pounds of materials than they had budgeted for, resulting in a higher cost for direct materials.
To calculate the direct materials quantity variance, we need to compare the actual quantity of materials used to the standard quantity of materials that should have been used based on the budgeted production.
Standard quantity of materials = 4,800 pounds
Actual quantity of materials = 5,300 pounds
Direct materials quantity variance = (Actual quantity of materials - Standard quantity of materials) x Standard price per pound
Direct materials quantity variance = (5,300 - 4,800) x $5.00
Direct materials quantity variance = 500 x $5.00
Direct materials quantity variance = $2,500
Therefore, the direct materials quantity variance is $2,500. This means that the company used 500 more pounds of materials than they had budgeted for, resulting in a higher cost for direct materials.
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Lowering the shopping cart abandonment rate is a reliable way to improve conversion rates. Which of the following actions is most likely to decrease shopping cart abandonment?
-Add more steps to the payment process.
-Streamline the payment process.
-All of the above.
-None of the above.
Streamlining the payment process is most likely to decrease shopping cart abandonment. So, the correct option is "Streamline the payment process."
This can be achieved by simplifying the checkout process, eliminating unnecessary steps, reducing the number of required fields, offering multiple payment options, and displaying shipping costs upfront. Research shows that a lengthy and complicated checkout process is one of the top reasons for shopping cart abandonment.
By making it easier and more convenient for customers to complete their purchase, businesses can reduce the likelihood of cart abandonment and increase their conversion rates. Adding more steps to the payment process, on the other hand, is likely to frustrate customers and lead to higher cart abandonment rates.
Therefore, streamlining the payment process is a reliable way to improve conversion rates and increase sales.
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a transaction involving one party hiring another party to transact business on behalf of the hiring party is referred to as what type of relationship?
A transaction where one party hires another party to transact business on behalf of the hiring party is referred to as an agency relationship.
In this relationship, the party doing the hiring is called the principal, and the party transacting business on behalf of the principal is called the agent. The agent is given the authority by the principal to make decisions and take actions on their behalf. The relationship is based on a legal agreement between the principal and agent, which outlines the responsibilities, duties, and expectations of each party.
The type of relationship you are describing is called an agency relationship. In this type of relationship, the hiring party (known as the principal) authorizes the other party (known as the agent) to act on their behalf in making transactions or conducting business with third parties. The agent is obligated to act in the best interests of the principal and follow their instructions, and the principal may be held liable for the actions of the agent in the course of the agency relationship.
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a worker believes that his company does what is in the best interests of the workers because that is what the company tells him. this is an example of
The worker's belief that his company does what is in the best interests of the workers because that is what the company tells him is an example of "false consciousness."
False consciousness refers to a situation where individuals hold beliefs or ideas that are contrary to their own interests, but they accept these beliefs as true because they are propagated by those in power or authority.
In this case, the worker believes that the company is acting in the best interests of the workers, but this may not necessarily be true. The company's actions may be motivated by its own interests, such as maximizing profits, rather than the interests of the workers.
False consciousness can occur when individuals are subjected to propaganda, ideological manipulation, or other forms of social conditioning that shape their beliefs and attitudes.
In some cases, false consciousness may be perpetuated by social institutions such as the media or educational system, which may reinforce dominant ideologies and narratives that serve the interests of the ruling class or dominant group.
Overall, false consciousness can be seen as a form of ideological control that operates to maintain existing power structures and prevent people from questioning or challenging the status quo.
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Thermo is a plastic supply and custom fabrication company. Thermo serves clients in the medical, solar, and semiconductor industries by making acrylic and polycarbonate sheets, tubes, and rods. The company employs approximately 500 workers at its facility in Ohio. Safety is a top priority at Thermo, and supervisors are required to conduct daily inspections of all equipment. Recently, three workers were seriously injured by a large press used to mold plastic parts. The workers spent time in the hospital for hand injuries, and they are currently recuperating at home. As a result, top management is evaluating all aspects of safety at the facility to determine what changes need to be made. Which of the following, if true, supports the argument that Thermo needs to modify its screening, placement, and training procedures?
A) Interviews with the on-duty supervisor indicate that signs were clearly posted near the accident site explaining the importance of using protective guards.
B) Supervisors use a combination of recognition and monetary incentives to encourage employees to follow safety procedures.
C) Interviews with the injured workers indicate that the most experienced worker removed the safety guard and the other two workers did not know how to respond.
D) Noise emitted from the press and the heat in the Thermo facility is considered distracting and potentially dangerous.
The answer that supports the argument that Thermo needs to modify its screening, placement, and training procedures is option C.
Interviews with the injured workers indicate that the most experienced worker removed the safety guard, and the other two workers did not know how to respond.
This indicates a lack of proper training and supervision regarding safety procedures.
Thermo needs to modify its screening, placement, and training procedures to ensure that all workers, regardless of their experience level, are properly trained on safety procedures and are aware of the consequences of not following them.
This will help prevent similar accidents in the future and ensure that safety remains a top priority at the facility.
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of the following, the most important objective for financial reporting is to provide information useful for: making decisions. providing accountability. increasing future profits. determining taxable income.
The most important objective of financial reporting is to provide information useful for Making decisions. Option A is the correct answer.
To analyze business income, track changes and make decisions Financial reporting method provides a way. Financial reports provide helpful information about cash flow, income and debts, and overall business performance
Financial decisions are made based on multiple financial procedures of Financial reporting. To improve future profits, revenues, and financial bankruptcies, financial decisions based on financial reporting are needed. Financial reporting is used to make short-term and long-term financial decisions.
The steps of financial reporting are;
Financial transactionsJournal entriesPosting to the LedgerTrial Balance PeriodReporting Period with Financial Reporting and Auditing.To learn more about financial reporting:
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elvis allocates the monthly costs of the baking facility to the two restaurants based on the number of tables served in each restaurant during the month. in april the costs were $39,000, of which $19,500 is fixed cost. the beef barn and the fish bowl each served 4,875 tables. how much of the joint cost should be allocated to each restaurant?
The joint cost should be allocated to each restaurant $9,750.
In this scenario, Elvis is allocating the monthly costs of the baking facility between two restaurants, the Beef Barn and the Fish Bowl, based on the number of tables served during the month. In April, the total cost was $39,000, consisting of $19,500 in fixed costs and $19,500 in variable costs ($39,000 - $19,500). Both restaurants served 4,875 tables each.
To allocate the joint costs, we first need to determine the total number of tables served by both restaurants. Since each restaurant served 4,875 tables, the total is 9,750 tables (4,875 + 4,875).
Next, we can allocate the fixed costs evenly, as they do not vary based on the number of tables served. Each restaurant will receive half of the $19,500 fixed costs, which is $9,750 per restaurant.
For the variable costs, we need to calculate the cost per table. We do this by dividing the total variable costs ($19,500) by the total number of tables served (9,750). This gives us a cost of $2 per table.
Since each restaurant served 4,875 tables, their variable cost allocation would be $9,750 ($2 x 4,875).
To find the total allocated cost for each restaurant, we add the fixed cost allocation ($9,750) to the variable cost allocation ($9,750). Thus, both the Beef Barn and the Fish Bowl should be allocated $19,500 each for the joint costs of the baking facility in April.
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Do you consider yourself to be a Contractarian or do you think you are more of either a Utilitarian or a Deontologist? Why? Initial Posts should be around 200-250 words while comments should be around 150-200 words.
Based on the definitions and principles of Contractarianism, Utilitarianism, and Deontology.
Contractarianism is a moral theory that asserts that ethical principles arise from a hypothetical social contract in which individuals agree to give up some of their freedoms and abide by certain rules in exchange for protection and security provided by the state. This theory emphasizes the importance of mutual agreement and consent in moral decision-making.
Utilitarianism, on the other hand, is a consequentialist theory that asserts that the rightness or wrongness of an action is determined by its consequences. It suggests that the moral goal is to maximize overall happiness or pleasure while minimizing pain or suffering.
Deontology, another moral theory, is grounded in the belief that certain moral principles are inherently right or wrong, regardless of their consequences. This theory prioritizes the duties and obligations individuals have towards one another and society.
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the cost of components purchased from another manufacturer that will become part of the finished product are recognized in the:_____.
The cost of components purchased from another manufacturer that will become part of the finished product are recognized in the "cost of goods manufactured."
Cost is the consumption expected to make and sell items and administrations, or to obtain resources. A cost is added to the expense whenever it is consumed or sold.
This term refers to the total cost incurred to produce the finished goods, including the cost of components purchased from other manufacturers. These components are essential in the manufacturing process to create the final product.
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