Answer:
a) Limited liability company
Explanation:
Limited liability company is one of the specific types of business structure that is followed in the United States. This structure excludes the partners or the owners to possess the liabilities of the debts and liabilities of the company. This will help the partners limiting the liabilities. An agreement is made which helps in the protection of the liabilities. The owners' personal assets are separated from the asset of the company thereby reducing the debts and liabilities.
In the given excerpt, the best advice to be given to the partners, Dave, Dan, and Darwin as an advisor would be to adopt a limited liability company. This would help them not to keep their personal assets in stake for their business.
When the government pursued a "tight money" policy during the Great Depression, it caused aggregate demand to decrease because it: Choose one: A. reduced consumer spending and investment spending. B. caused tax rates to decrease. C. led to very high rates of inflation, which eroded household spending. D. caused a rapid decline in exports to other countries. E. led to an increase in
Answer:
A). Reduced consumer spending and investment spending.
Explanation:
'Tight money' policy is elucidated as the contractionary monetary policy adopted by central banks to decrease the money supply in the market which helps in reducing consumer spending and curb inflation in the economy.
As per the question, when the government adopted this 'tight money' policy during the Great Depression, it led to 'a reduction in consumer spending as well as a reduction in spending on investment.' It led to the worsening downturn of the economy as this steep fall in consumer spending decreased the demand significantly, caused major unemployment, and led millions of investors to take their money back, and eventually, it led to the longest-running recession in the modern history. Thus, option A is the correct answer.
Suppose farmers in a given market can either grow soy beans or corn on their land. In addition, suppose an increase in the demand for corn causes the price of corn to increase. All else equal, an increase in the price of corn creates an incentive for farmers to: Multiple Choice switch away from growing soy beans and into growing corn. grow less corn, but not change their production of soy beans. switch away from growing corn and into growing soy beans. grow more corn, but not change their production of soy beans.
Answer:
switch away from growing soy beans and growing corn
Explanation:
if the price of corn increases,it would be an incentive for farmers to increase their production of corn so as to increase their profits.
Winona's Fudge Shoppe is maximizing profits by producing 1,000 pounds of fudge per day. If Winona's fixed costs unexpectedly increase and the market price remains constant, then the short run profit-maximizing level of output
a. is less than 1,000 pounds.
b. is still 1,000 pounds.
c. is more than 1,000 pounds
d. becomes zero.
Answer:
b. is still 1,000 pounds.
Explanation:
profit-maximising level of output is found where marginal cost = marginal revenue
if fixed cost increases, the marginal cost still remains unchanged. so, the profit-maximizing level of output remains unchanged
A multiple-channel queuing system with a Poisson arrival rate and exponential service time has an average arrival rate of four customers per hour and an average service time of 18 minutes per customer. The minimum number of servers required to avoid an overloaded system is
Answer:
1.2
Explanation:
The computation of the minimum number of servers required to avoid an overloaded system is shown below:-
Average service time = Average service time ÷ number of minutes in a hour
18 min = 18 ÷ 60 per hr
= 0.3 hr per customer
Now for four customers, it would be
min servers = 4 × 0.3
= 1.2
So, the correct answer is min servers = 2 as servers cant be in fractions
Therefore we have applied the above formula.
Consider the following payoff matrix facing two criminals. A: Confess A: Not Confess B: Confess A: 20yrs, B: 20yrs A: 50yrs, B: 2yrs B: Not Confess A: 2yrs, B: 50yrs A: 10yrs, B: 10yrs Their options are to confess or not to confess. Given this information:
Answer:
Both A and B have dominant strategies
Explanation:
Consider 2 players "A" and "B" in the specified game. Here, row player is "B" and column player is "A." If "B" chooses "Confess" then "Not Confess" is the optimal choice for "A," because 50 > 20, likewise if "B" chooses "Not Confess," then "Not Confess" is the optimal choice for "A," as 10 > 2. Therefore, we can see that the "Not Confess" is the dominant "A" strategy Similarly we can prove that the prevailing technique for "B" is "Not Confess" too.
Hence, we can see that both player 's approach is successful and from the above explanation, the 2nd option is correct.
Measuring employment, unemployment, and labor force participation
Consider a small economy composed of six people: Dmitri, Frances, Jake, Latasha, Rosa, and Nick. Each person's employment status is described in the following table.
Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person's status as employed, unemployed, "not in the labor force" (if not in the civilian labor force but still part of the adult population), or "not in the adult population" if not in the civilian adult population.
Person
Dmitri is a 70-year-old professor. He teaches only one or two courses a year, but he's still pursuing an active research agenda.__________
Frances is a 26-year-old recent college graduate. She did not work for pay last week, but she had two job interviews.________
Jake is a 43-year-old accountant who has been out of work for almost a year. He became so discouraged that he gave up on his job search a couple of months ago.__________
Rosa is a 31-year-old science teacher who taught at West Valley Middle School last year. Due to budget cuts, she was laid off at the end of the school year. It's the summer now, and after a few weeks of vacation with her family, she is looking for a part-time job as a tutor.__________
Nick is a 20-year-old American Studies major at the University of Tennessee. It's summer now, and he is working as a lifeguard in Mobile, Alabama._________
Latasha is a 12-year-old student at West Valley Middle School. She babysits her younger sister and does other chores, so her parents give her an allowance of $30 per week._______
Answer and Explanation:
The classification is as follows
a. The Dmirti is considered to be employed as she is working part-time
b.France is considered to be unemployed as currently he hasn't had a job he is still looking for a job
c. Jake is not in the labor force as he is so discouraged and due to which he gave up for job search
d. Rosa is considered to be unemployed as currently she has not have any job and currently she is looking for a job
e. Nick is to be considered as an employed as he is currently working
f. Latasha is to be considered in not in the adult population as she is just 12 year old student
Shelley has been hired as a marketing specialist at a large, international firm. On Shelley's first day of work, she attends an orientation session. Which of the following is LEAST likely to be addressed during Shelley's orientation program?
A) organizational structure
B) company policies and rules
C) compensation and reward system
D) daily and weekly task requirements
Answer:
D) daily and weekly task requirements.
Explanation:
In this scenario, Shelley has been hired as a marketing specialist at a large, international firm. On Shelley's first day of work, she attends an orientation session.
In the orientation session, what new employees are most likely to be briefed or talked to about is the organizational structure, company policies and rules and compensation and reward system. In human resources management, it is important to get new employees acquainted with the essential informations, rules, regulations, and guidelines that exist in an organization.
Hence, daily and weekly task is least likely to be addressed during Shelley's orientation program because she's not likely to commence her duties on the first day and her responsibilities or roles would be introduced to her by her functional or line manager.
Brayden is a general partner in a four-member limited partnership with two general and two limited partners. The partnership is silent with regard to the duration of the partnership, and Brayden wishes to retire.
A) Brayden may withdraw at any time, and the partnership continues.
B) Brayden must give six months' notice before being permitted to withdraw.
C) The other general partner and the limited partner with the largest liability must agree to his withdrawal.
D) The court must grant permission for Brayden to withdraw since the agreement was silent and the other partners and third-party customers of the partnership must be protected.
Answer:
A) Brayden may withdraw at any time, and the partnership continues.
Explanation:
A partnership is defined as a business venture where two or more people decide to pool their resources together in a business to achieve a particular objective.
Partnerships can be a complex relationship between participants where conflict may rise. To curtail this an agreement is usually written that states conditions for withdrawal, percentage of ownership, division of profit and loss, length of partnership, and partner authority.
In this scenario the partnership is silent on the duration of the partnership, so Brayden may withdraw at any time and the partnership will continue
Marcus is a self-employed marketing consultant. He is good at helping his clients with their marketing challenges; however, he is not keeping up with billing his clients regularly or keeping track of his hours. He feels like the time he spends on these functions is taking him away from activities where he has more talent and ability. His small business needs to bill clients quickly to keep the business running. What would you recommend Marcus do?
Answer:
To outsource the accounting function to another firm.
Explanation:
Outsourcing: Outsourcing refers to a process in which the business is able to perform its work with the help of an outside firm that means they provide the work to the other firm so that the company could able to save the cost and time
Since in the question it is given that Marcus spending much time and away him from that work where he has more talent and ability. So to fulfill the business needs the outsourcing option is the best recommended.
Which of the five Rs of good governance in sport refers to systems that report organizational governance structures, constitutions, legal control mechanisms, event selection criteria, and codes of eligibility, conduct, and ethics?
Answer: Regulations
Explanation: Regulations as related to good governance in sports encompasses the structural and most of the non-technical requirements and injunctions required to maintain a good organizational structure. It may be explained as a management skeleton or framework which is very paramount in the orderly control and Maintainace of any organized body. The legal processes and procedures, ethical standards, code of conduct. The other R's include rules, ranking, records and result.
In a producer/consumer relationship, the ________ portion of an application generates data and stores it in a shared object, and the ________ portion of an application reads data from the shared object.
A) consumer, producer
B) producer, consumer
C) outputter, inputter
D) None of the above.
A master budget ________. A. is only prepared for manufacturers as they are the only type of company with material purchases and work−in−process accounts. B. improves companies' market capitalization and evolves from both the investing and financing decisions C. is another name given to the financial budget D. is the initial plan of what the company intends to accomplish in the period and evolves from both the operating and financing decisions
Answer:
D. is the initial plan of what the company intends to accomplish in the period and evolves from both the operating and financing decisions.
Explanation:
If the average amount of time a product goes without failing decreased by some amount, that product's availability could nevertheless be maintained at previous levels by __________ its __________.
Answer: reducing; time required for repair
Explanation:
The options to the question are:
A. increasing; reliability
B. reducing; time required for repair
C. reducing; reliability
D. reducing; reparability
E. increasing; time required for repair
If the average amount of time a product goes without failing decreased by some amount, that product's availability could nevertheless be maintained at previous levels by reducing its time required for repair.
When the time required for repair is reduced or at a minimal level, this will ensure that the product is always available.
A 70-year-old male pays $79.79 per month for his term life policy while an 80-year-old pays $349.30 per month. What is the percent of increase in premium costs from age 70 to age 80?
Answer:
337%
Explanation:
The percent of increase in premium costs from age 70 to age 80 is 337.77%.
Percentage based problem:What information do we have?
Amount paid in 70's age = $79.79
Amount paid in 80's age = $349.30
Extra amount paid in 80's age = $349.30 - $79.79
Extra amount paid in 80's age = $269.51
Percentage increase = [269.51 / 79.79]100
Percentage increase = [3.377]100
Percentage increase = 337.77% (Approx.)
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High and unexpected inflation has a greater cost Group of answer choices for savers in low income tax brackets than for savers in high income tax brackets. for those who hold a little money than for those who hold a lot of money. for those whose wages increase by as much as inflation than those who are paid a fixed nominal wage. for those who save than for those who borrow.
Answer:
for those who save than for those who borrow.
Explanation:
Inflation is a persistent rise in general price levels
inflation is unexpected if it is unanticipated and not factored in to factors such as interest rate.
savers are at a disadvantage when there is high and unexpected inflation because the value of savings would fall fast.
while borrowers are at an advantage because they repay less in value than what what they borrowed
Mountain Gear has been using the same machines to make its name brand clothing for the last five years. A cost efficiency consultant has suggested that production costs may be reduced by purchasing more technologically advanced machinery. The old machines cost the company $360,000. The old machines presently have a book value of $136,000 and a market value of $28,000. They are expected to have a five-year remaining life and zero salvage value. The new machines would cost the company $260,000 and have operating expenses of $19,000 a year. The new machines are expected to have a five-year useful life and no salvage value. The operating expenses associated with the old machines are $46,000 a year. The new machines are expected to increase quality, justifying a price increase, and thereby increasing sales revenue by $26,000 a year. Select the true statement.
A. The company will be $44,000 better off over the 5-year period if it replaces the old equipment.
B. The company will be $72,000 better off over the 5-year period if it keeps the old equipment.
C. The company will be $33,000 better off over the 5-year period if it replaces the old equipment.
D. The company will be $28,000 better off over the 5-year period if it replaces the old equipment.
Answer:
C. The company will be $33,000 better off over the 5-year period if it replaces the old equipment.
Explanation:
keep old machine:
operating expenses = $46,000 x 5 = $230,000
new machine:
purchase cost $260,000 - $28,000 = $232,000
operating expenses = $19,000 x 5 = $95,000
increase in revenue $26,000 x 5 = $130,000
if new machine is purchased, operating costs decrease by $135,000, revenues increase by $130,000, but investment outflows increase by $232,000 ⇒ $135,000 + $130,000 - $232,000 = $33,000
Price inflation:_______.
a. is relatively unimportant to individuals
b. is considered to be acceptable in the nation's quest for high levels of employment
c. courages investment by increasing the uncertainty about future returns
d. is almost always due to financing wars
Answer:
c. courages investment by increasing the uncertainty about future returns
Explanation:
Inflation refers to the increase in the price level of the goods
The price inflation reflects that there is a rise in the price of the goods and services over a particular period of time lets say for one year. It can arise when the raw material cost during the process of production increased that push the price in upward
It also increased the uncertainty with respect to the future returns through investment
Hence, the correct option is c.
Which is true? Group of answer choices If data is not available, management cannot measure analysts’ performance. The best companies typically place an emphasis on one extremely important goal. Team performance is only as good as the performance of the analysts on the team. All of the above.
Answer: If data is not available, management cannot measure analysts’ performance.
Explanation: Analysts render help to businesses by gatheriby external and internal data and communicating this data clearly to all stakeholders, facilitators and partners Invokv in the organizatio. An analyst main role is to principally interprete data, formulate reports and make recommendations based upon the research findings. Without this data the management can’t judge the performance of an analyst.
Select all that apply GAAP and IFRS rules ______. require that the same method be used for both internal and external segment reporting create incentives for companies to use the contribution margin format in segment reporting require segmented financial data be included in annual reports create problems in reconciling internal and external reports
Answer:
The correct options are "A, C, and D".
Explanation:
GAAP becomes regarded as a relatively 'rules-based' management framework, seems to be the accounting technique used throughout the United StatesIFRS becomes quite 'principles-based', although this would be the accounting framework used in more than 110 countries throughout the globe.These allow the same approach being used for international and domestic section reporting, which generate reconciliation issues.
Background Info: Tom finds a second personal loan option. This loan would also require him to repay the principal in one lump sum after three years.
Loan Option B
Principal: $9,000
Type of Interest: Compound Interest
Interest Rate: 8%
Rate of Accrual: Once per year
Use the formula for annual compound interest.
A = P (1 + StartFraction r Over n EndFraction)nt
Remember, A refers to the total amount owed.
Calculate the total amount that Tom would repay.
$10,337
$11,337
$12,337
$13,337
Answer: $11,337
Explanation:
Given formula for annual compound interest.:
[tex]A=P(1+\dfrac{r}{n})^{nt}[/tex]
Given: Principal(P): $9,000
Type of Interest: Compound Interest
Interest Rate(r): 8% = 0.08 [In decimal]
Rate of Accrual: Once per year , i.e. n=1
Time (t)= 3 years
Put all the values in the above formula , we get
[tex]A=9000(1+\dfrac{0.08}{1})^{1\times3}\\\\=9000\left(1.08\right)^{3}\\\\= 9000(1.259712)\\\\\approx\$11,337[/tex]
Hence, the total amount that Tom would repay : $11,337
Answer:
option B
Explanation:
________ determines the point at which the sum of carrying costs and ordering costs are minimized, or the point at which carrying costs equal ordering costs. Group of answer choices Reorder point Economic Order Quantity When to order Inventory turnover
Answer:
Economic Order Quantity
Explanation:
The economic order quantity is the quantity at which the ordering cost and the carrying cost is minimized and equivalent to each other. It is the quantity that should be purchased by the company so that the cost of ordering and the holding cost could be less
The formula to compute it is shown below:
[tex]= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}[/tex]
Hence, the correct option is b i.e. economic order quantity
You purchase a new car for $33,333. What is the outstanding balance on the loan after you make the second payment if you have a 5-year loan with monthly payments and an interest rate of 7.84% (compounded monthly)? (Round your answer to the nearest integer)
Answer:
$32,419
Explanation:
I prepared an amortization schedule using an excel spreadsheet. The monthly payment is $673.32:
year beginning scheduled principal interest ending
balance payment balance
1 $33,333 $673.32 $456 $218 $32,877 .45
2 $32,877 $673.32 $459 $215 $32,418.91
The outstanding balance after the second payment = $32,418.91 ≈ $32,419
Taki works for a start-up company that is highly centralized and its employees are not allowed to wear headphones while working. However, the company offers a flexible work schedule, free childcare, and free yoga classes. These rules and perks describe the company's ______.
Answer:
organizational culture
Explanation:
Organizational culture can be defined as the beliefs and culture of an organization that helps in the establishment of the structure and strategy to run the organization. These cultural beliefs and ideas help the employees understand and work according to the desired thoughts of the organization. They know the ways to deal and behave in accordance with the organizational values.
In the given excerpt, the rules and regulations that Taki's start-up company has, are said to be the organizational culture of the company. The flexible work schedule, free childcare, and free yoga classes are some of the rules and regulations.
Which subjects does the Aspire test assess?
Answer:
five subject areas: English, mathematics, reading, science, and writing
The diminishing marginal utility effect states that as more of an item is consumed and the amount of additional satisfaction decreases, the seller must ________ price to induce the consumer to buy more.
Answer: decrease
Explanation: Marginal utility could be explained as the extra satisfaction derived from the consumption of one extra unit of an item. However, as consumption increases, the extra satisfaction (marginal utility) begins to decline. At this point, the demand for such product or item will tend to fall or drop due to the decline in satisfaction. When this happens, reduces the price of such item becomes paramount in other to fight the decline in demand of the product and induce consumers to buy more.
Martha is a 40 percent partner in the MMM Partnership, with an outside basis of $50,000. MMM distributes $40,000 cash and accrual-basis accounts receivable with a basis and fair market value of $20,000. Martha does not recognize gain or loss on the distribution and takes a basis in the cash of $40,000 and a basis in the receivables of $10,000.
a) true
b) false
Answer:
True
Explanation:
Based on the information given we were told that Martha does not recognize gain or loss on the distribution and takes a:
Basis in the cash of $40,000 which is TRUE because we were told that MMM distributes $40,000 cash to Martha
Basis in the receivables of $10,000 which is TRUE because we were told that she has an outside basis of $50,000 with distributed cash of $40,000 and accrual-basis accounts receivable of $20,000. Therefore the basis in the receivable of $10,000 is calculated as:
Cash $40,000 + Account receivable $20,000=$60,000
Hence,
$60,000- Outside basis $50,000
=$10,000 Basis in the receivable
_ are best described as the ethical standards and norms that govern the behavior of individuals within a firm. Organizational core values Corrective controls Job descriptions Customs duties
Answer:
organisational core values
Claudia and Dayson are upper-level managers working for the same company, but they are located in different countries and come from different cultures. The company is implementing a new accounting process, so Jorge, the company CEO, invites Claudia, Dayson, and a few other managers to join him on a video conference. During the video conference, Claudia asks Jorge if the company will be creating a temporary help desk to ease the transition. Jorge replies, "I'll think about it and get back to you later." To Claudia, this means he will honestly consider the possibility and will send an email with his decision. To Dayson, Jorge's expression during this statement indicates that he is simply maintaining social harmony and that a help desk will not be created. Which of the following is most likely true about Claudia's and Dayson's cultures?
A) Claudia is from a high-context culture, and Dayson is from a low-context culture.
B) Dayson is from a high-context culture, and Claudia is from a low-context culture.
C) Both Claudia and Dayson are from high-context cultures.
D) Both Claudia and Dayson are from low-context cultures.
The correct answer is B) ) Dayson is from a high-context culture, and Claudia is from a low-context culture.
Explanation:
The term "high-context culture" is used to refer to cultures in which implicit communication, nonverbal elements, and context are important factors of communication. This implies many words and expressions in these cultures do not have a literal meaning. According to this, it is likely Dayson is from a high-context culture, considering he focused on the implicit message in Jorge's words rather than considering the message was literal.
On the other hand, in "low-context culture" elements such as implicit meaning or context are not frequently used, this means, most communication is literal and explicit. This shows Claudia is from a low-context culture because rather than thinking Jorge's answer was just a formalism or irony, she interpreted the message literally.
Galena is a new agent for a financial services company. She decides to join the local chamber of commerce, the local association of businesswomen, and the local chapter of the United Way organization. Galena is attempting to use
Q 8.14: The financial statements of the Imagine Company report net sales of $1,000,000 and accounts receivable of $700,000 and $300,000 at the beginning of the year and end of year, respectively. What is the accounts receivable turnover for the Imagine Company
Answer:
2 times
Explanation:
The computation of accounts receivable turnover is shown below:-
Account receivable turnover ratio = Net credit sales ÷ Average accounts receivable
where,
Net credit sales is $1,000,000
And, the Average accounts receivable is
= (Accounts receivable, beginning of year + Accounts receivable, end of year) ÷ 2
= ( $700,000 + $300,000) ÷ 2
= $500,000
Accounts receivable turnover = Net sales ÷ Average accounts receivable
= $1,000,000 ÷ $500,000
= 2 times