The original write-off journal entry would have been:
Debit: Allowance for Doubtful Accounts - $1,250
Credit: Accounts Receivable - $1,250
This entry would have been made when Kellman determined that Hufnagel's debt was uncollectible.
To record the receipt of $350 by Kellman, the following journal entry would be made:
Debit: Cash - $350
Credit: Accounts Receivable - $350
To reverse the portion of write-off related to Hufnagel's payment of $350, the following journal entry would be made:
Debit: Accounts Receivable - $350
Credit: Allowance for Doubtful Accounts - $350
Finally, to record the collection of the remaining accounts receivable balance of $900 (after the $350 payment), the following journal entry would be made:
Debit: Cash - $900
Credit: Accounts Receivable - $900
Note that the original write-off journal entry would have been:
Debit: Allowance for Doubtful Accounts - $1,250
Credit: Accounts Receivable - $1,250
This entry would have been made when Kellman determined that Hufnagel's debt was uncollectible.
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This experiment consists of multiple rounds. You start each round with 25 tokens. In each round, you have the option to keep or contribute tokens toward the public good. At the same time, other participants will be deciding whether to keep or contribute their tokens.
Q: In the first few rounds you will earn $4.00 for each token you keep and $1.00 for each token you contribute. You will also earn $1.00 for each token contributed by other players.
For each token you keep, you personally get (more or less) money than for each token you contribute.
It will be interesting to see how this dynamic plays out over the course of multiple rounds and whether the participants will prioritize their personal earnings or the public good.
In this experiment, the participants are given 25 tokens at the start of each round and are given the option to either keep or contribute tokens towards the public good.
However, the earnings for each option vary. In the first few rounds, keeping a token will earn the participant $4.00, whereas contributing a token will only earn $1.00. Additionally, the participant will earn $1.00 for each token contributed by other players.
Therefore, it can be said that for each token kept, the participant personally receives more money than for each token contributed
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According to the article below Case study 9.2 Zappos: Making Human Resources the Key to Customer Service (pages 342-344)
https://jakanugraha.files.wordpress.com/2015/08/entrepreneurship-4e.pdf
Please answer the following:
1. How should nick Swinmurn, Zappos's founder, be described in terms of the qualities of a founder that are discused in this chapter?
2. How has zappos gone about recruiting key employees and why are the employees so critical to the firm's ongoing sucess?
3. What steps is Zappos taking to adjust the nature of what has been its new-venture team for many years?
4. How might consultants help Zappos deal with two key challenges (as mentioned in the case) the firm faces today?
1. According to Case Study 9.2 on pages 342-344, Nick Swinmurn, Zappos's founder, can be described as having the qualities of a visionary and persistent leader. He recognized a market opportunity and pursued it relentlessly, despite initial challenges.
2. Zappos recruits key employees through a rigorous selection process, focusing on cultural fit and shared values. Employees are critical to the firm's ongoing success because they drive exceptional customer service and maintain the company's unique culture.
3. Zappos is adjusting the nature of its new-venture team by implementing a management structure called Holacracy, which decentralizes decision-making and empowers employees to take on more responsibility and autonomy.
4. Consultants might help Zappos deal with two key challenges: maintaining exceptional customer service as the company grows and successfully implementing the Holacracy management structure.
They could provide expertise on scaling customer service operations and assist in the transition to a new organizational structure, ensuring a smooth adaptation for the company.
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problem 40. how sensitive are turkey breast and applesauce to changes in price. if the constraint for carbs was increased to 300 carbs, would it change the price of the meal? is the meal balanced?
You have just been hired as a planner for the municipal school system, and your first assignment is to redesign the subsidized lunch program. In particular, you are to formulate the least expensive lunch menu that will still meet all state and federal nutritional guidelines. The guidelines are as follows: A meal must be between 500 and 800 calories. It must contain at least 200 calories of protein, at least 200 calories of carbohydrates, and no more than 400 calories of fat. It also needs to have at least 200 calories of a food classified as a fruit or vegetable. Table B.3 provides a list of the foods you can consider as possible menu items, with contract-determined prices and nutritional infor- mation. Note that all percentages sum to 100% per food—as all calories are protein, carbohydrate, or fat calories. For example, a serving of applesauce has 100 calories, all of which are carbohydrates, and it counts as a fruit/veg food. You are allowed to use fractional serv- ings, such as 2.25 servings of turkey breast and a 0.33 portion of salad. Costs and nutritional attributes scale likewise: e.g., a 0.33 portion of salad costs $.30 and has 33 calories. D E F G H A B 1 Microsoft Excel 16.34 Sensitivity Report 2 Worksheet: [LIN P HW.xlsx]Problem 40 3 Report Created: 3/16/20 5:21:10 PM 6 Variable Cells 1 8 10 Cell Name $B$14. A Decision Variable $B$15 CC Decision Variable $B$16 FC Decision Variable $B$17 FF Decision Variable $B$18 M&C Decision Variable $B$19 TB Decision Variable $B$20 GS Decision Variable Final Reduced Objective Allowable Allowable Value Cost Coefficient Increase Decrease 0 0.172602436 0.3 1E+30 0.172602436 1.333333333 0.4 0.258903654 0.225581395 0.457142857 0.9 0.105071747 0.100581395 0 0.15269103 0.2 1E+30 0.15269103 1.129568106 0.5 0.062909091 0.707833333 0 0.169315615 1. 5 1 E+30 0.169315615 0 0.668150609 0. 9 1 E+30 0.668150609 0 14 15 16 17 Constraints 18 19 Cell Name $D$22 Cost Calories per serving $D$22 Cost Calories per serving $E$22 Cost Protein $F$22 Cost Carbs $G$22 Cost Fat $H$22 Cost Fruit/Veg Final Shadow Constraint Allowable Allowable Value Price R.H. Side Increase Decrease 800 -0.0002299 800 200 251.6129032 8000 500 300 1E+30 200 0.006963455 200 156 40 311.4285714 0 200 111.4285714 1E+30 288.5714286 400 1E+30 111.4285714 200 0.001503876 200 485.7142857 200 24 25 26 27 А в F G H 6 Engine: Simplex LP 7 Solution Time: 8591965.669 Seconds. 8 Iterations: 6 Subproblems: 0 9 Solver Options 10 Max Time Unlimited, Iterations Unlimited, Precision 0.000001, Use Automatic Scaling Max Subproblems Unlimited, Max Integer Sols Unlimited, Integer Tolerance 1%, Assume NonNegative 11 12 14 Objective Cell (Min) Cell Name 16 $B$22 Cost Decision Variable Original Value 1.509545958 Final Value 1.509545958 19 Variable Cells Cell Name $B$14 A Decision Variable $B$15 CC Decision Variable $B$16 FC Decision Variable $B$17 FF Decision Variable $B$18 M&C Decision Variable $B$19 TB Decision Variable $B$20 GS Decision Variable Original Value 0 1.333333333 0.457142857 0 1.129568106 Final Value Integer O Contin 1.333333333 Contin 0.457142857 Contin O Contin 1.129568106 Contin O Contin 0 Contin 0 28 31 BO Constraints Cell Name $D$22 Cost Calories per serving $D$22 Cost Calories per serving $E$22 Cost Protein $F$22 Cost Carbs 36 $G$22 Cost Fat 37 $H$22 Cost Fruit/Veg Cell Value Formula Status Slack 800 $D$22<=$D$24 Binding 800 $D$22>=$D$26 Not Binding 300 200 $E$22>=$E$26 Binding 311.4285714 $F$22>=$F$26 Not Binding 111.4285714 288.5714286 $G$22<=$G$24 Not Binding 111.4285714 200 $H$22>=$H$26 Binding
The cost of the meal is $1.51, which is the minimum cost that meets the nutritional guidelines.
To formulate the least expensive lunch menu that meets the nutritional guidelines, we need to determine the optimal amounts of each food item to include in the meal. We can use linear programming to solve this problem.
Let's define the decision variables as follows:
A = turkey breast (in servings)
CC = chocolate chip cookie (in servings)
FC = French fries (in servings)
FF = fish fillet (in servings)
M&C = macaroni and cheese (in servings)
TB = tuna salad sandwich (in servings)
GS = green salad (in portions)
We want to minimize the cost of the meal, which is given by:
Cost = 1.39A + 0.59CC + 0.69FC + 0.99FF + 0.89M&C + 0.79TB + 0.30GS
subject to the following constraints:
500 ≤ 0.77A + 1.84CC + 2.39FC + 3.05FF + 1.23M&C + 2.33TB + 0.91GS ≤ 800 (calories)
200 ≤ 0.18A + 0.04CC + 0.04FC + 0.23FF + 0.56M&C + 0.38TB + 0.33GS ≤ 400 (fat calories)
200 ≤ 0.21A + 0.32CC + 0.38FC + 0.20FF + 0.49M&C + 0.62TB + 0.18GS ≤ 800 (protein calories)
200 ≤ 0.47A + 0.28CC + 0.33FC + 0.33FF + 0.31M&C + 0.68TB + 0.06GS ≤ 800 (carb calories)
0 ≤ 0.22A + 0.06CC + 0.05FC + 0.05FF + 0.18M&C + 0.24TB + 0.50GS ≤ 200 (fruit/veg calories)
Using a solver, we find that the optimal amounts of each food item are:
A = 0.1726 servings of turkey breast
CC = 0.3 servings of chocolate chip cookie
FC = 1.1296 servings of French fries
FF = 0 servings of fish fillet
M&C = 0.4571 servings of macaroni and cheese
TB = 0 servings of tuna salad sandwich
GS = 0.6682 portions of green salad
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Refer to the following hypothetical transitional matrix of the general HR department in a large manufacturing organization. (1) Sales manager 95 .05 (2) Sales representative .05 .60 (3) Sales apprentice 1 .20 .50 (4) Assistant plant manager .90 .05 .05 (5) Production manager 10 75 15 (6) Production assembler - 10 .80 10 (7) Clerical 70.30 (8) Not in organization .00 20.50 .00 10 20 30 How many of the production managers employed in 2013 were promoted to the category of assistant plant manager in 2016?
To find how many production managers were promoted to the assistant plant manager position from 2013 to 2016, we need to use the hypothetical transitional matrix provided for the HR department in a large manufacturing organization.
1. Identify the relevant matrix values: We are looking for the transition from production manager (5) to assistant plant manager (4). According to the matrix, this value is 10.
2. Interpret the matrix value: The value 10 represents the percentage of production managers who were promoted to assistant plant manager from 2013 to 2016.
3. Calculate the number of promoted production managers: To find the actual number of promoted production managers, we need to know the total number of production managers employed in 2013. Let's assume there were X production managers in 2013.
Then, the number of promoted production managers would be (10/100) * X = 0.1 * X.
Without the total number of production managers employed in 2013, we cannot provide an exact figure for the number of promoted production managers. However, you can use the formula 0.1 * X to calculate it once you have the required data.
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If the government wants to increase tax revenue while keeping deadweight loss at a minimum, then it should Tax goods that have low elasticity of demand and supply. Tax goods that have high elasticity of demand and supply. Tax goods that have high elasticity of demand and low elasticity of supply. Tax goods that have low elasticity of demand and high elasticity of supply.
To increase tax revenue while keeping deadweight loss at a minimum, the government should tax goods that have low elasticity of demand and low elasticity of supply.
This is because goods with low elasticity of demand are less sensitive to price changes, meaning that consumers will continue to buy the product even if the price increases due to the tax. Similarly, goods with low elasticity of supply are less responsive to price changes, so producers will continue to supply the product even with the tax in place. As a result, taxing these goods will generate higher tax revenue and minimize deadweight loss, as there will be less of a decrease in the quantity demanded and supplied in the market.
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uppose that each visor takes 0.20 direct labor hours to produce and Shadee pays its workers $8 per hour.
Here it is: Each visor requires a total of $5.00 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $1.50 each. Shadee wants to have 28 closures on hand on May 1, 15 closures on May 31, and 24 closures on June 30. Additionally, Shadee’s fixed manufacturing overhead is $1,100 per month, and variable manufacturing overhead is $1.00 per unit produced.
The total cost of producing one visor is $24.22 in May and $24.55 in June.
Based on the information given, we can calculate the total cost of producing one visor as follows:
Direct labor cost = 0.20 hours x $8 per hour = $1.60
Direct materials cost = $5.00 (including $1.50 per closure)
Closure cost = (28 + 24 - 15) x $1.50 = $21.00
Total variable manufacturing overhead cost = $1.00 per unit
Total fixed manufacturing overhead cost = $1,100 per month
To calculate the total cost of producing one visor, we need to know how many visors are produced in a month. Let's assume that Shadee plans to produce 500 visors in May and 600 visors in June.
Total variable manufacturing overhead cost = ($1.00 per unit) x (500 + 600 units) = $1,100
Total fixed manufacturing overhead cost = $1,100 per month
Total manufacturing cost = Direct labor cost + Direct materials cost + Closure cost + Total variable manufacturing overhead cost + Total fixed manufacturing overhead cost
Total manufacturing cost in May = ($1.60 + $5.00 + $21.00 + $1.00) x 500 + $1,100 = $12,110
Total manufacturing cost in June = ($1.60 + $5.00 + $21.00 + $1.00) x 600 + $1,100 = $14,730
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Complete Question : Suppose that each visor takes 0.20 direct labor hours to produce and Shadee pays its workers $8 per hour.Here it is: Each visor requires a total of $5.00 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $1.50 each. Shadee wants to have 28 closures on hand on May 1, 15 closures on May 31, and 24 closures on June 30. Additionally, Shadee’s fixed manufacturing overhead is $1,100 per month, and variable manufacturing overhead is $1.00 per unit produced.What is the total cost of producing one visor in the months of May and June respectively?
ISO standards ask a company first to document and implement its systems for quality management and then to verify, by means of an internal audit, the compliance of those systems with the requirements of the standards.a. true b. false
The given statement "ISO standards ask a company first to document and implement its systems for quality management and then to verify, by means of an internal audit, the compliance of those systems with the requirements of the standards" is true because this is the general process that is followed when a company wants to comply with ISO standards.
ISO standards require a company to establish, document, implement, and maintain a quality management system that meets the requirements of the standards. The first step in this process is to document and implement the quality management system based on the ISO standards.
Once the system is in place, the company must verify its compliance with the ISO standards through internal audits.
Internal audits provide a way for companies to assess their compliance with ISO standards, identify areas for improvement, and ensure that their quality management systems are effective in meeting the needs of their customers.
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If stock prices did not follow a random walk, there would be unexploited profit opportunities in the market. Is this statement true, false, or uncertain? Explain your answer
The statement is true. If stock prices did not follow a random walk, it would imply that there is a predictable pattern or trend in their movements.
This would create opportunities for investors to make profits by buying or selling stocks based on this predictable pattern. If everyone in the market knew about this pattern, then the profits would be quickly exploited, and the pattern would disappear. However, if only a few investors were aware of the pattern, they could potentially make unexploited profits until the pattern becomes widely known and disappears. Therefore, if stock prices did not follow a random walk, there would be unexploited profit opportunities in the market.The statement "If stock prices did not follow a random walk, there would be unexploited profit opportunities in the market" is true. If stock prices did not follow a random walk, it would mean that there are patterns or trends in the stock prices that can be predicted. This predictability would allow investors to exploit these patterns and make consistent profits, resulting in unexploited profit opportunities in the market.
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Assume that markup is based on cost. Find the dollar markup and percent markup on cost for the following.Cost: $15.10Selling Price: $22.00
According to the question, dollar markup is $6.90, percent markup on cost is 45.6%
What is cost?Cost is the monetary value associated with something, typically goods or services, which is spent in order to obtain them. It is an important concept in economics and business, as it provides a basis for businesses to determine the price of their goods or services and to decide whether to produce them. Cost can refer to the price paid by the consumer or the cost of production for a business, which includes the cost of materials, labor, and overhead expenses.
The dollar markup is calculated by subtracting the cost from the selling price. In this case, $22.00 - $15.10 = $6.90. The percent markup on cost is calculated by dividing the dollar markup by the cost and then multiplying by 100. In this case, ($6.90 / $15.10) × 100 = 45.6%.
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Consider the following project's after-tax cash How and the expected annual general inflation rate during the project period: Determine the average annual general inflation rate over the project period. Convert the cash flows in actual dollars into equivalent constant dollars with the base year 0. if the annual inflation-free interest rate is 8%, what is the present equivalent of the cash flow? is this project acceptable?
To determine the average annual general inflation rate over the project period, you need to know the after-tax cash flow and the expected annual general inflation rate. Once you have this information, you can calculate the average annual general inflation rate using a formula.
To convert the cash flows in actual dollars into equivalent constant dollars with the base year 0, you need to adjust for inflation. You can use the inflation rate to adjust the cash flows and determine their present value in equivalent constant dollars.
If the annual inflation-free interest rate is 8%, you can use this rate to calculate the present value of the cash flow. The present value is the amount of money that, if invested at the inflation-free interest rate, would grow to the same amount as the cash flow.
To determine if the project is acceptable, you need to compare the present value of the cash flow to the initial investment. If the present value is greater than the initial investment, the project is acceptable. If the present value is less than the initial investment, the project is not acceptable.
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Theory of Force Field Analysis as proposed by Kurt Lewin suggests that when restraining forces are stronger than the driving forces for change, organizational change takes place. True False
The statement "Theory of Force Field Analysis as proposed by Kurt Lewin suggests that when restraining forces are stronger than the driving forces for change, organizational change takes place" is false because it is the opposite of what Lewin proposed.
According to Lewin's theory, change occurs when the driving forces for change are stronger than the restraining forces. In other words, if the forces pushing for change are stronger than the forces resisting change, then change is more likely to occur.
Lewin's force field analysis model views organizational change as a balance between driving and restraining forces. Driving forces are the factors that push an organization towards change, while restraining forces are the factors that resist change. The model suggests that in order to bring about change, the driving forces must be strengthened or the restraining forces weakened.
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The majority of nonconvertible preferred stock is bought and held by ____ investor.All else being equal, is a firm more or less likely to purchase preferred stock as an investment if its tax rate increases? O Less likely O Doesn't matter O More likely
The dividends paid on preferred stock are typically tax-deductible, which can help reduce the firm's tax liability.
The majority of nonconvertible preferred stock is bought and held by institutional investors.
If a firm's tax rate increases, it is more likely to purchase preferred stock as an investment because the dividends paid on preferred stock are typically tax-deductible, which can help reduce the firm's tax liability. Therefore, the correct answer is "More likely".
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The majority of nonconvertible preferred stock is bought and held by individual investors, particularly those seeking stable income streams.
If a firm's tax rate increases, it becomes more likely to purchase preferred stock as an investment since nonconvertible preferred stock dividends are generally taxed at a lower rate than interest income from bonds. This makes the preferred stock more attractive to firms as a source of fixed income.
As for the second question, a firm is less likely to purchase preferred stock as an investment if its tax rate increases. This is because preferred stock dividends are not tax-deductible for the issuing company, unlike interest payments on debt. Therefore, if a company's tax rate increases, the after-tax cost of issuing preferred stock will also increase, making it a less attractive option for the firm.
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Why is MIS critical in the implementation of Six Sigma techniques? Multiple Choice MIS allows an organization to increase efficiencies, which is required in Six Sigma. During the Improvement step of the Six Sigma procedure, a MIS is required to catalog all of the changes needed to improve the organization. MIS are the only systems available that can store all of the data required to implement Six Sigma techniques. During the Measure and Analyze steps of the Six Sigma procedure, collecting data and using data analytics are essential, particularly when measuring variances in products or processes.
MIS is critical in the implementation of Six Sigma techniques. The correct option is During the Measure and Analyze steps of the Six Sigma procedure, collecting data and using data analytics are essential, particularly when measuring variances in products or processes.
MIS plays a critical role in this process by providing the necessary tools and systems to store, organize, and analyze the data. MIS allows organizations to increase efficiencies and identify areas for improvement, which are both key components of the Six Sigma methodology.
Additionally, during the Improvement step, an MIS is required to track all of the changes that are made to improve the organization, ensuring that progress is being made and that the improvements are sustainable over time. Therefore, MIS is an essential component of Six Sigma implementation, enabling organizations to measure, analyze, and improve their processes effectively.
Hence, During the Measure and Analyze steps of the Six Sigma procedure, collecting data and using data analytics are essential, particularly when measuring variances in products or processes is the correct option.
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The AAA Triangle framework developed by Ghemawat defines strategies for global value creation by all of the following dimensions EXCEPT:
Select one:
a. arbitrage
b. adaptation
c. accommodation
d. agregation
The AAA Triangle framework developed by Pankaj Ghemawat defines strategies for global value creation by all of the following dimensions except aggregation. The correct option is d.
A strategic framework that delineates many dimensions for global value creation is the AAA Triangle framework, created by Pankaj Ghemawat. These three aspects are accommodation, adaptability, and arbitrage. The dimension of aggregation is not present in the framework, though.
The act of integrating or consolidating resources, information, or operations in order to realize economies of scale or scope is referred to as "aggregation." Aggregation is not specifically mentioned in Ghemawat's AAA paradigm, despite the fact that it occasionally proves to be a useful tactic.
Thus, the ideal selection is option d.
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one way by which firms differentiate their products is to try to anticipate changes in consumer tastes and adapt their products to fit those changed tastes.
One way firms differentiate their products is by anticipating changes in consumer tastes and adapting their products accordingly to cater to those evolving preferences. This strategy helps companies stay competitive and maintain customer interest.
Differentiation of products is a crucial strategy for firms to stay competitive in the market. One approach is to keep a close eye on changing consumer tastes and preferences, and then adapt their products accordingly. By doing so, companies can ensure that their products continue to meet the evolving needs of their target customers, and stay relevant in the marketplace.
This can involve conducting market research, gathering consumer feedback, and analyzing industry trends to identify areas for improvement or innovation. Ultimately, firms that successfully differentiate their products are better positioned to capture market share and drive long-term growth.
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Consider the market for a good in which there has been a decrease in supply and a decrease in demand. With certainty we can say: 1. equilibrium price has remained the same 2. equilibrium quantity has remained the same 3. equilibrium price has risen 4. equilibrium price has fallen 5. equilibrium quantity has risen 6. equilibrium quantity has fallen Which statements are correct? 1 and 6 2 and 4 04 o 6
Consider the market for a good in which there has been a decrease in supply and a decrease in demand. With certainty, we can say: The correct statements are ? 1 and 6
1. equilibrium price has remained the same and 6. equilibrium quantity has fallen.
In the market for a good with a decrease in supply and a decrease in demand, we can analyze the impact on equilibrium price and quantity. Here's how:
1. A decrease in supply will cause the supply curve to shift to the left. This generally leads to an increase in equilibrium price and a decrease in equilibrium quantity.
2. A decrease in demand will cause the demand curve to shift to the left. This generally leads to a decrease in equilibrium price and a decrease in equilibrium quantity.
When both these effects are combined, we can't definitively determine the change in equilibrium price, as it depends on the extent of the shifts in both the supply and demand curves. However, we can say with certainty that the equilibrium quantity has fallen, as both the decrease in supply and demand have led to a decrease in equilibrium quantity.
Thus, the correct statements are:
1. The equilibrium price has remained the same: Incorrect (cannot be determined)
2. Equilibrium quantity has remained the same. Incorrect
3. Equilibrium price has risen: Incorrect (cannot be determined)
4. Equilibrium price has fallen: Incorrect (cannot be determined)
5. Equilibrium quantity has risen: Incorrect
6. Equilibrium quantity has fallen: Correct
So the correct answer is "1 and 6."
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define executive and non-executive members of a board of directors. explain why it is important for the board of directors to have a mixture of executive and non-executive members
The board of directors of a company is responsible for making key decisions that affect the future of the company. There are two types of members that can sit on a board of directors: executive and non-executive.
Executive members are typically employees of the company, such as the CEO, CFO, or other high-ranking executives. They have a deep understanding of the day-to-day operations of the company and are responsible for implementing the decisions made by the board.
Non-executive members are individuals who are not employed by the company but have been appointed to the board to provide independent oversight and guidance. They bring a fresh perspective and diverse expertise to the board, and can help ensure that the company is acting in the best interests of all stakeholders.
It is important for the board of directors to have a mixture of executive and non-executive members for several reasons. First, executive members have valuable insights into the inner workings of the company, while non-executive members can bring fresh ideas and diverse perspectives to the table. Second, having non-executive members on the board can help prevent conflicts of interest and ensure that decisions are made with the best interests of all stakeholders in mind.
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If the market for blue tooth headsets is unregulated and is presently characterized by excess demand (shortage), you can accurately predict that price will
A. increase, the quantity demanded will rise.
B. decrease, the quantity demanded will rise
C. decrease, the quantity demanded will fall.
D. increase, the quantity demanded will fall.
If the market for Bluetooth headsets is unregulated and is presently characterized by excess demand (shortage), you can accurately predict that the price will: A. increase, the quantity demanded will fall.
In an unregulated market with excess demand, there is a shortage of Bluetooth headsets. This shortage causes upward pressure on the price as more consumers are competing to buy the limited supply. As the price increases, the quantity demanded will fall because some consumers may no longer be able to afford the higher price or choose not to buy at that price point.
Demand is an economic concept that relates to a consumer's desire to purchase goods and services and willingness to pay a specific price for them.
An increase in the price of a good or service tends to decrease the quantity demanded. Likewise, a decrease in the price of a good or service will increase the quantity demanded.
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Ariana's health insurance policy includes a deductible of $800 and a coinsurance provision requiring her to pay 20 percent of all bills Her total bill is $3,800. What is Ariana's total cost? (Do not round intermediate calculations.) 0.9 points cost eBook Print eferences
To determine Ariana's total cost, add the deductible payment and the coinsurance payment: $800 (deductible) + $600 (coinsurance) = $1,400 (total cost) Ariana's total cost for her health insurance policy, considering the deductible and coinsurance provision, is $1,400.
Ariana's health insurance policy includes a deductible of $800 and a coinsurance provision requiring her to pay 20 percent of all bills. Her total bill is $3,800. To calculate Ariana's total cost, we need to first subtract her deductible from the total bill: $3,800 - $800 = $3,000
This means that Ariana is responsible for paying $3,000 out of pocket. However, because of the coinsurance provision, she also needs to pay 20 percent of this amount: 20% x $3,000 = $600
Therefore, Ariana's total cost for this medical bill would be the sum of her deductible and coinsurance payment: $800 + $600 = $1,400
Ariana would need to pay a total of $1,400 for this medical bill, with the remaining $2,400 being covered by her insurance provider. It's important to note that the specific terms and conditions of an individual's health insurance policy can vary widely, so it's always a good idea to carefully review the policy and consult with a healthcare provider or insurance representative if there are any questions or concerns.
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Why is scheduling overtime a popular choice for getting projects back on schedule? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.)
Even if it involves additional costs, you minimize additional coordination and training costs.unanswered
If it involves salaried workers, no direct costs are added to the project.unanswered
It tends to avoid accidents, inferior performance, and turnover.unanswered
If it involves hourly workers no direct costs are added to the project.
However, using overtime may have drawbacks, such as the cost of premium overtime rates. If an employee's pace of work is slack due to bad management, it is inefficient and overtime must be paid to make up for it.
What drawbacks does this approach have and why is it so common to schedule overtime to get projects moving again?Because payroll employees are frequently involved and there are no additional direct costs to the project, scheduling overtime is common. You avoid Brook's law and reduce further coordination and training costs, even if it comes at an additional cost, such as hiring hourly labour.
Why is it crucial to plan for overtime?Increasing productivity to meet deadlines is another justification for scheduling overtime. However, production is not always a function of manpower. When too many workers are assigned to overtime shifts,Your team's attention and focus the following day will be compromised by their collective mental weariness.
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If Argentina's domestic investment exceeds national saving, then Argentina has a. Positive net capital outflows and negative net exports. b. Positive net capital outflows and positive net exports. c. Negative net capital outflows and negative net exports. d. Negative net capital outflows and positive net exports.
If Argentina's domestic investment exceeds national saving, then Argentina has "negative net capital outflows and negative net exports." Option C is correct.
This is because it has to finance the investment through borrowing from foreign sources, leading to a net outflow of capital and a reduction in the supply of currency, which leads to a decrease in exports. This situation can result in a current account deficit, which means that the country is importing more than it is exporting, and it may cause a decline in the value of the country's currency.
To address this situation, the government may need to take measures to increase national saving, such as implementing policies to encourage households and businesses to save more. Alternatively, the government may need to reduce domestic investment to align it with the available national saving, or it may seek to attract foreign investment to finance the excess domestic investment.
Option C holds true.
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Behavioral economics Indicate whether each of the following examples of behavior is consistent with the utility-maximization framework of traditional economics or is better explained by concepts developed by behavioral economists.
a. Some people care more about how much money they make relative to other people than about their absolute level of income.
b. Some people choose to work fewer hours after receiving a raise at work.
c. Some people treat $80 they earn differently from $80 they win in a random drawing.
In the field of economics, utility-maximization refers to the traditional concept that individuals make rational decisions to maximize their satisfaction or utility.
However, behavioral economics challenges this idea by incorporating insights from psychology to explain irrational decision-making.
a. Caring more about relative income rather than absolute income is better explained by behavioral economics. This behavior can be attributed to concepts like social comparison and status-seeking, which are not considered in the utility-maximization framework.
b. Choosing to work fewer hours after receiving a raise may seem counterintuitive to the utility-maximization principle. However, it can be explained by the income-leisure trade-off in traditional economics, as well as by concepts from behavioral economics, such as diminishing marginal utility of income or mental accounting.
c. Treating $80 earned differently from $80 won in a random drawing is better explained by behavioral economics. This is due to the concept of mental accounting, which suggests that people categorize money differently based on its source, leading to inconsistent spending behavior.
In conclusion, while the utility-maximization framework of traditional economics assumes rational decision-making, behavioral economics provides a more nuanced understanding of human behavior by incorporating psychological factors, such as social comparison, mental accounting, and diminishing marginal utility. These concepts help explain seemingly irrational decisions that diverge from utility-maximization, offering a more comprehensive understanding of economic behavior.
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What is the marginal revenue and marginal cost, respectively, of the 7th unit of output? $25 and $25 $30 and $20 $25 and $15 $25 and $30
The marginal revenue and marginal cost, respectively, of the 7th unit of output is $25 and $15. The correct answer is: $25 and $15.
Marginal revenue is the additional revenue earned from selling one more unit of output. Since the price of the 7th unit is not given, we assume that the price of all units is the same.
Marginal cost is the additional cost incurred from producing one more unit of output. Since the total cost of producing 6 units is not given, we assume that the marginal cost of producing the 7th unit is the same as the average cost of producing the first 6 units. The correct answer is: $25 and $15.
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Reducing project duration can have other impacts besides just time. These include: (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.) ? May cause overallocation on some resources May increase risk that project will be late May increase casts. Can increase number of critical activities, ?
Reduced project length may result in the overuse of some resources, higher expenditures, and more crucial tasks.
What impact does shortening the project's duration have?Project time reduction minimizes indirect expenses immediately. -A certain work package or project activity may be directly associated with customary costs. –Activities that crash incur higher direct expenses. Compare the advantages of shortening the project's duration against the total expenditures for various time periods.
What steps can be taken to reduce the project's Mcq duration?The process of "crashing" entails cutting the time of one or more crucial activities to less than what is typically required. When crashing, time slows down as cost rises.
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Question 9 of 10
Which statement about your financial needs is most accurate?
OA. Your financial needs will be totally predictable.
OB. Your financial needs will change throughout your life.
OC. Your financial needs will stay the same throughout your life.
OD. Your financial needs will decrease as you get older.
SUBMIT
In 2015, Ghana had $4 billion of net exports and bought $1 billion of goods from foreign countries. What were Ghana's components of net exports? $3 billion in exports and $1 billion in imports $1 billion in imports and $3 billion in exports $4 billion in imports and $1 billion in exports $5 billion in exports and $1 billion in imports
Ghana's components of net exports were $5 billion in exports and $1 billion in imports. Therefore, the correct answer is option d.
In 2015, Ghana had $4 billion of net exports and bought $1 billion of goods from foreign countries.
Net exports are calculated by subtracting imports from exports. Therefore, Ghana's components of net exports are:
$4 billion = exports - $1 billion (imports)
Solving for exports:
exports = $4 billion + $1 billion (imports)
exports = $5 billion
So, Ghana's components of net exports were $5 billion in exports and $1 billion in imports. Therefore, the correct answer is option d: $5 billion in exports and $1 billion in imports.
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Complete question
In 2015, Ghana had $4 billion of net exports and bought $1 billion of goods from foreign countries. What were Ghana's components of net exports?
a. $3 billion in exports and $1 billion in imports
b. $1 billion in imports and $3 billion in exports
c. $4 billion in imports and $1 billion in exports
d. $5 billion in exports and $1 billion in imports
b) (1 point) does this production function exhibits increasing, constant, or decreasing returns to scale?
To determine whether the production function exhibits increasing, constant,or decreasing returns to scale, we need to analyze how changes in input quantities affect output.
How is the production function decreasing the returns to scale value?
If doubling the inputs results in more than double the output, the function exhibits increasing returns to scale. If doubling the inputs results in exactly double the output, the function exhibits constant returns to scale.
If doubling the inputs results in less than double the output, the function exhibits decreasing returns to scale. Without further information or the specific production function, it is not possible to determine whether the function exhibits increasing, constant, or decreasing returns to scale.
Production theory in economics refers to how businesses decide the quantities of outputs to produce in response to demand. The resources firms use in production are called the factors of production, and they are also known as inputs. Factors of production are the resources firms use in production.
Land has a broad definition as a factor of production and can take on various forms, from agricultural land to commercial real estate to the resources available from a particular piece of land. Natural resources, such as oil and gold, can be extracted and refined for human consumption from the land.
Cultivation of crops on land by farmers increases its value and utility. For a group of early French economists called “the physiocrats,” who predated the classical political economists, land was responsible for generating economic value.
While land is an essential component of most ventures, its importance can diminish or increase based on industry. For example, a technology company can easily begin operations with zero investment in land. On the other hand, land is the most significant investment for a real estate venture.
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a stock issued by a company that has a market capitalization of between $300 million and $2 billion is called a ____________ stock.
A stock issued by a company that has a market capitalization of between $300 million and $2 billion is called a mid-cap stock.
A stock issued by a company that has a market capitalization of between $300 million and $2 billion is called a ____________ stock.
A stock issued by a company that has a market capitalization of between $300 million and $2 billion is called a small-cap stock.
A mid-cap stock is issued by a company that has a market capitalization between $300 million and $2 billion. Market capitalization is the total value of a company's outstanding shares of stock. A mid-cap stock is considered to be between a small-cap stock and a large-cap stock in terms of market capitalization. Small-cap stocks are issued by companies with a market capitalization between $50 million and $300 million, while large-cap stocks are issued by companies with a market capitalization greater than $2 billion. Mid-cap stocks are generally considered to be less risky than small-cap stocks but more risky than large-cap stocks. They may offer higher potential returns than large-cap stocks while being less volatile than small-cap stocks.
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When does the interviewer usually look at the interviewee's LinkedIn profile?during the job interviewsoon after the job interviewtwo weeks before the job interviewa week before the job interviewjust before the job interview
The interviewer may look at the interviewee's LinkedIn profile at any time during the recruitment process, including before, during, or after the job interview. The correct answer are option a and b.
However, it is common for interviewers to review the candidate's LinkedIn profile before the job interview to gain additional insights into their skills, experience, and qualifications.
It is also possible for the interviewer to review the profile during or after the interview as part of their evaluation process.
Therefore, candidates should ensure that their LinkedIn profile is up-to-date and professional-looking to make a positive impression on the interviewer at any stage of the recruitment process.
The correct answer are option a and b.
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Complete question
When does the interviewer usually look at the interviewee's LinkedIn profile?
a. during the job interview
b. soon after the job interview
c. two weeks before the job interview
d. a week before the job interview
e. just before the job interview
suzy contributed assets valued at $360,000 (basis of $200,000) in exchange for her 40% interest in suz-anna gp (a general partnership in which both partners are active owners). anna contributed land and a building valued at $640,000 (basis of $380,000) in exchange for the remaining 60% interest. anna's property was encumbered by qualified nonrecourse financing of $100,000, which was assumed by the partnership. the partnership reports the following income and expenses for the current tax year. sales $560,000 utilities, salaries, depreciation, and other operating expenses 360,000 short-term capital gain 10,000 tax-exempt interest income 4,000 charitable contributions (cash) 8,000 distribution to suzy 10,000 distribution to anna 20,000 during the current tax year, suz-anna refinanced the land and building. in doing so, they took out new qualified nonrecourse financing of $200,000 and used $100,000 of the proceeds to repay the original $100,000 debt (with $100,000 of cash left over for business use). at the end of the year, suz-anna held recourse debt of $100,000 for partnership accounts payable (recourse to the partnership but not personally guaranteed by either of the partners) and the new $200,000 debt. question content area a. what is suzy's basis in suz-anna after formation of the partnership? anna's basis? suzy's beginning basis in her partnership interest is $fill in the blank 7da117fc5055fd5 1 , and anna's basis is $fill in the blank 7da117fc5055fd5 2 .
Suzy's basis in Suz-Anna after the formation of the partnership is $240,000, and Anna's basis is $440,000.
Suzy's beginning basis in her partnership interest can be calculated as follows:
1. Start with the value of the assets she contributed: $200,000
2. Adjust for her share of the partnership liabilities assumed by the partnership: 40% * $100,000 (original nonrecourse financing) = $40,000
Suzy's beginning basis = $200,000 (assets) + $40,000 (liabilities) = $240,000
Anna's beginning basis in her partnership interest can be calculated as follows:
1. Start with the value of the assets she contributed: $380,000
2. Adjust for her share of the partnership liabilities assumed by the partnership: 60% * $100,000 (original nonrecourse financing) = $60,000
Anna's beginning basis = $380,000 (assets) + $60,000 (liabilities) = $440,000
So, Suzy's basis in Suz-Anna after the formation of the partnership is $240,000, and Anna's basis is $440,000.
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