Answer:
The primary way that banks make money is interest from credit card accounts. When a cardholder fails to repay their entire balance in a given month, interest fees are charged to the account. ... When a retailer accepts a credit card payment, a percentage of the sale goes to the card's issuing ban
Explanation:
Economic profit is defined as _____ Question 17 options: a) total revenue plus what must be paid to resources to attract them from their best alternative use. b) total revenue divided by what must be paid to resources to attract them from their best alternative use. c) the price of the goods sold minus the quantity of goods sold. d) total revenue minus what must be paid to resources to attract them from their best alternative use. e) total revenue minus the cost of the goods produced.
Answer:
d) total revenue minus what must be paid to resources to attract them from their best alternative use.
Explanation:
In Financial accounting, the total operating income can be defined as the sum total of the profit of a business firm (company) after its regular, recurring costs and expenses have been deducted. Thus, it's the amount of revenue generated by a business firm (company) after subtracting all operating expenses and cost of goods sold (COGS).
Mathematically, the total operating income of a business is calculated by subtracting the indirect expenses incurred by the business firm from its total direct operating margin.
On a related note, profit is calculated by subtracting the cost price of an item from the selling price of the item. Thus, a profit is generated when the operating costs are subtracted from the total revenue generated.
In conclusion, economic profit is defined as total revenue minus what must be paid to resources to attract them from their best alternative use.
A famous jazz pianist and a nightclub owner executed a contract that called for the pianist to perform at the nightclub five times per week for six months. The contract prohibited the pianist from giving public performances during the contract period at any other venue located within a specified distance of the nightclub. Three months into the contract term, the pianist received a more lucrative offer to play a series of shows at a restaurant located within the contractually prohibited area. The pianist accepted the offer. Upon learning about this arrangement, the nightclub owner filed a suit seeking an injunction to prevent the pianist from performing at the restaurant. The nightclub owner has made no attempt to hire another performer to replace the pianist. The judge determines that the contract restriction on the pianist is reasonable. Is the judge likely to grant the injunction
Answer:
Famous Jazz Pianist and a Nightclub Owner
The judge is likely to grant the injunction to prevent the pianist from performing at the restaurant.
Explanation:
This opinion is based on the determination already reached by the judge that the contract restriction on the pianist is reasonable. The contract is valid with clear terms legally agreed to by the pianist and the nightclub owner. The pianist is expected to abide by the terms of the contract, which do not impose a total restriction on his trade.
The Splash clothing brand has been in business for 30 years. People wear the clothes because they embody independence and strength. Even when the company faced allegations of child labor, the public defended the company and bought Splash jeans in support of the company. In the 90s, as prices soared and many competitors entered the market, people flocked to Splash stores in record numbers. What has the Splash brand created
Answer:
18s I think is that 70 it will be 1870
Resource-limited scheduling is a method fora. developing a schedule that attempts to minimize the fluctuations in requirements for resources.b. making sure all the resources do the same amount of work.c. making sure every task has the same number of resources.d. developing the shortest schedule when the number or amount of available resources is fixed and cannot be exceeded.
Alvez Company reports net income of $305,000 for the year ended December 31. It also reports $93,700 depreciation expense and a $10,000 loss on the sale of equipment. Its comparative balance sheet reveals a $40,200 increase in accounts receivable, a $10,200 decrease in prepaid expenses, a $15,200 increase in accounts payable, a $12,500 decrease in wages payable, and a $100,000 decrease in notes payable. Calculate the cash provided (used) in operating activities using the indirect method\
Answer:
$381,400
Explanation:
Net income for the year 305,000
Adjustments to reconcile net income
Depreciation expense for the year 93,700
loss on sale of the equipment 10,000
increase in accounts receivable -40,200
Decrease in prepaid expense 10,200
Increase in accounts payable 15,200
decrease In wages payable -12,500
net cash provided by operating activities $ 381,400
Why must successful managers recognize opportunities and threats in their company external environment? a. If they identify all of the environmental threats, they are guaranteed to acquire large market share. b. If they identify all of the environmental opportunities, they are guaranteed to acquire large market share. c. If they misread the market, they are likely to become rich. d. If they miscalculate the market, opportunities will be lost.
Answer:
d. If they miscalculate the market, opportunities will be lost.
Explanation:
The external environment is the environment that cannot control by the organization. It can be in form of opportunities and threats which company have to take care off
So in the case when the managers recognize these things in the external environment so this means if they didnot calculate the market properly so the opportunities could be lost due to which they cant capture the market share of the market and the competitor took this advantage,
Suppose that in a particular market, the supply curve is highly elastic and the demand curve is highly inelastic. If a tax is imposed in this market, then the a. buyers and sellers are likely to share the burden of the tax equally. b. buyers will bear a greater burden of the tax than the sellers. c. sellers will bear a greater burden of the tax than the buyers. d. buyers and sellers will not share the burden equally, but it is impossible to determine who will bear the greater burden of the tax without more information.
Answer:
C. Sellers will bear most of the burden of the tax than the buyers.
It is April 2018 and Mark is a novice investor who wants to decide between purchasing shares in EagleCorp or Myna Bird Inc. In fiscal year 2017, EagleCorp's return on invested capital (ROIC) was 15 percent, and its cost of capital was 12 percent. During the same period, Myna Bird Inc.'s ROIC was 22 percent and its cost of capital was 25 percent. What does this information tell Mark? Question 1 options: Myna Bird Inc. is more likely to create value while EagleCorp is more likely to destroy value. EagleCorp is more likely to create value while Myna Bird Inc. is more likely to destroy value. Both Myna Bird Inc. and EagleCorp are likely to create value. Neither Myna Bird Inc. nor EagleCorp are likely to create value.
Answer:
EagleCorp is more likely to create value while Myna Bird Inc. is more likely to destroy value.
It is April 2018 and Mark is a novice investor who wants to decide between purchasing shares in EagleCorp or Myna Bird Inc. In the fiscal year 2017, EagleCorp's return on invested capital (ROIC) was 15 percent, and its cost of capital was 12 percent. During the same period, Myna Bird Inc.'s ROIC was 22 percent and its cost of capital was 25 percent. Here EagleCorp is more likely to create value while Myna Bird Inc. is more likely to destroy value.
Nintendo built a security chip into its game console hardware and then licensed the right to develop games to outside firms. These firms paid a royalty to Nintendo for each copy of the game sold. This is an example of Nintendo using ________ products. a. complement b. substitute c. differentiated d. unrelated
Answer:
a. complement
Explanation:
A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks, etc.
In this scenario, Nintendo built a security chip into its game console hardware and then licensed the right to develop games to outside firms. Subsequently, royalties are then paid by the business firms to Nintendo for each copy of the game sold. Thus, this is an example of Nintendo using complement products.
A complementary product can be defined as any product that's typically used in conjunction with another product and as such it adds value to the other product.
Adams, a general contractor, Brinks, an architect, and Carson, an interior decorator, formed the Dex Home Improvement General Partnership by contributing assets as follows: Fair % of Partner Share Adjusted Market in Capital Asset Basis Value Profits and Losses Adams Cash $40,000 $40,000 50% Brinks Land $12,000 $21,000 20% Carson Inventory $24,000 $24,000 30% The land was a capital asset to Brinks, subject to a $5,000 mortgage, which was assumed by the partnership. Brinks' initial basis in Dex is:
Answer:
8,000
Explanation:
Calculation to determine what Brinks' initial basis in Dex is:
Carryover Basis of Land Contributed by Brinks $12,000
Less Mortgage Assumed by the Partnership ($5,000)
Add Mortgage percentage Kept by Brinks $1,000
(.20 x $5,000)
Brink's Initial Basis $ 8,000
($12,000-$5,000+$1,000)
Therefore Brinks' initial basis in Dex is: $8,000
Shelly, a sales manager at Best Computers, has recently moved from Dallas to Hong Kong for an expatriate assignment. Shelly is feeling disoriented, irritable, and stressed about her new job and living arrangements in Hong Kong, which means that she is most likely experiencing ________.
Answer:
culture shock
Explanation:
It seems that Shelly is most likely experiencing culture shock. This is a set of feelings that occurs to most individuals when they move to a location that is very different than their home. Since Shelly moved from the US to China and the culture is completely different, it causes Shelly to not feel comfortable in this new location. Individuals experiencing culture shock experience many distinct feelings but ultimately adjust to the new environment and begin getting comfortable in this new location.
A landowner owned a large piece of property containing an inn and a bakery. She entered into a contract to sell the property to a purchaser for $1 million. The contract was recorded. The purchaser gave the landowner $200,000 as earnest money. The closing date was set for September 10, two months after the signing of the contract. On August 10, an arsonist set fire to the inn, which burned to the ground. On September 10, the landowner appeared at the closing and tendered the deed to the property. The buyer refused to tender the remaining $800,000 of the purchase price and demanded the return of his earnest money. The landowner sued the buyer for specific performance of the contract. The buyer countersued for the return of his earnest money. Both parties stipulate that the value of the property without the inn is $600,000, that insurance on the property had lapsed, and that the common law, unmodified by statute, applies. What is the most likely result at trial
Answer:
The most likely result at trial is that the landowner's claim for specific performance will be successful, and she will be awarded the entire price of contract.
Explanation:
When there isn't a statute, the buyer bears the risk of loss when property subject to a contract for sale is destroyed without fault of any party prior to the date specified for closing. Unless the contract specifies otherwise, the buyer must pay the contract price even if the property is damaged by fire.
The inn was burned down in this case after the landowner and the buyer signed a contract for the sale of the property, but before the closing date. The contract appears to be silent on the risk of loss, and no appropriate statute exists. As a result of the common law rule, the buyer bears the risk of loss. Therefore, the landowner has the right to particular execution of the contract, which implies that the entire stipulated contract price must be paid by the buyer.
Regardless of the property's drop in worth owing to the fire, the $1 million contract price must be paid by the buyer because he bears the risk of loss.
Therefore, the most likely result at trial is that the landowner's claim for specific performance will be successful, and she will be awarded the entire price of contract.
Suppose Joe contracts with Marvin to frame out a shop at Joe's ranch for $10,000. During the framing Marvin discovers the costs of framing will be $2,500 more than he anticipated, and threatens to walk off the job unless Joe agrees to pay the additional $2,500. Joe agrees to the price increase. Most courts today would hold the agreement to pay the additional $2,500 to be _____ the agreement based on a(n) _______. (Choose two correct answers)
Answer:
unenforceable;
preexisting duty
Explanation:
Preexisting Duty Doctrine
This is simply regarded as when an individual is already under an obligation to do something. It simply states that the rules and guidelines under contract law that shows that if a party to a contract is under a pre-existing duty to perform, then no second thought (consideration) is taken for the modification of the contract. Modification is then voidable.
3 Types of Legal Duties
1. Public Legal Duties such ad the duty of a police officer to protect lives and properties.
2. Contractual Legal Duties such as unperformed, preexisting contractual promises etc.
3. Private Legal Duties such as the duty to follow the law.
Unenforceable Contracts
This is regarded as a contract that cannot be enforced/given consideration or effect by the court of law etc unless they are settled and corrected according to law.
Kinds of unenforceable contracts
1.) Those entered into in the name of another by one without, or acting in excess of rights or authority;
2.) Those that do not comply with the Statute of Frauds etc.
What return do you expect earn if you buy the 3 years ,10% coupon bond today and sell it in exactly 1 year( if current price is 1051.45 rupees)
Answer:
8.02%
Explanation:
Since corporate bonds pay coupons semiannually, it would be important to first all determine the semiannual yield to maturity of this bond using a financial calculator as shown below:
We need to set the calculator to its end mode before making the following inputs:
N=6(number of semiannual coupons in 3 years=3*2=6)
PMT=50(semiannual coupon=face value*coupon rate/2=1000*10%/2=50)
PV=-1051.45 (current price)
FV=1000(bond's face value)
CPT
I/Y=4.02%
After one year, there would 4 semiannual coupons left, we can compute the bond price as shown thus:
N=4
PMT=50
I/Y=4.02(without % sign)
FV=1000
CPT
PV=1,035.56
The expected rate of return over one year is computed thus:
N=2(number of semiannual coupons in 1 year holding period)
PMT=50(the amount of each semiannual coupon)
PV= -1051.45
FV=1,035.56(selling price after one year)
CPT=4.01%(on a semiannual basis)
annual rate of return=4.01%*2=8.02%
What is the relationship between insurance and successful financial management? 1. Why is insurance important? 2. Consider your home and possessions. What types of risks do you face? What insurance would you recommend to someone in a similar location? 3. What are personal, property, and liability risks? What are examples of personal, property, and liability risk? 4. Why is estate planning important? 5. What is the principle of indemnity? Why is this principle important?
Answer:
insurance is important in that it helps you indemnity the losses occured after the risk occurrence
Explanation:
insurance ensures that you are covered from all period and hazards
1. What is the relationship between insurance and successful financial management? Why is insurance important?
The relationship between insurance and successful financial management is important because while successful financial management helps with unexpected situations requiring emergency planning, insurance is a contract made to ensure that your assets are protected and damage paid for if that event occurs.2. Consider your home and possessions. What types of risks do you face? What insurance would you recommend to someone in a similar location?
You could be risked by fires, high winds, hail, and lightning damage to protect your possessions you would need Homeowners insurance. To be protected from natural disasters you may need additional coverage (if natural disasters occur often).3. What are personal, property, and liability risks? What are examples of personal, property, and liability risk?
Some personal, property, and liability risks would be poor health and old age, having your property damaged, and being responsible for something that happens that could lead to a lawsuit.4. Why is estate planning important?
Estate planning can be important because estate planning is about protecting your loved ones, transferring your assets to heirs.5. What is the principle of indemnity? Why is this principle important?
The principle of indemnity is compensation, ensuring that you will not lose any finances.An oil well exploded in Western Colorado, killing three workers. The well was owned by Denver-Carrington, a large multi-national oil company. The families of the workers are suing Denver-Carrington, claiming the company was negligent in maintaining the oil well. In its defense, Denver-Carrington offers two documents. The first is a monthly maintenance report filled out by the company's regional safety inspector, indicating that the oil well was inspected and found to be in good working condition every month from the day it was built until the day it exploded. The second is an e-mail, written by the same inspector to the CEO of the company, which was written a few hours after the incident and provides a physical description of the damage to the pump and the surrounding area. The plaintiffs object to both documents as hearsay. The judge should: a. Preclude both documents. b. Admit the monthly maintenance report but not the e-mail. c. Admit the e-mail but not the monthly maintenance report. d. Admit both documents.
Answer: . b. Admit the monthly maintenance report but not the e-mail.
Explanation:
The monthly maintenance report can be admitted because it was done without the extraordinary circumstance of the oil well explosion occurring. This is unlike the email that was only done after the well exploded.
The point it, the regional safety inspector made the maintenance reports without an explosion happening so there is less chance of bias. The email was however sent after the explosion so could be biased in order to avoid a law suit.
1; Choose a business or an industry that is considered as a perfect market and explain which characteristics of a perfect market are not met by this business or industry.
Answer:
hey what kind of watch is that in your profile pic
Quality cost information reports ______. Multiple select question. show managers if quality control costs are poorly distributed help identify the financial cost of defects give managers an idea of where to focus quality control efforts always identify lost sales from customer ill will
Answer:
• show managers if quality control costs are poorly distributed
• help identify the financial cost of defects
• give managers an idea of where to -focus quality control efforts
Explanation:
Quality costs refers to the costs that is associated with the prevention, detection and remediating of product issues that are related to quality.
The uses of quality cost information include:
• show managers if quality control costs are poorly distributed
• help identify the financial cost of defects
• give managers an idea of where to -focus quality control efforts
can you be a chief executive officer right out of college?
The U.S. dollar depreciates. Explain which of the following events could have caused the depreciation and why. a. The Fed intervened in the foreign exchange market and sold dollars. b. The Fed intervened in the foreign exchange market and bought dollars. c. People began to expect that the U.S. dollar would depreciate. d. The U.S. interest rate differential increased. e. Foreign investment in the United States increased.
Answer:
a. The Fed intervened in the foreign exchange market and sold dollars.
When the Fed intervenes and supplies dollars in the foreign exchange market, the amount of dollars in the market will rise and the law of supply and demand concludes that when the supply of something increases relative to its demand, it will lose value. The US$ will therefore lose value.
c. People began to expect that the U.S. dollar would depreciate.
If people expect the US$ to depreciate, they will take action to protect themselves from this depreciation by selling off their dollar assets for instance. This would lead to excess dollars in the market which would then lead to the US$ depreciating as explained above.
Seasons Manufacturing manufactures a product with a unit variable cost of $100 and a unit sales price of $176. Fixed manufacturing costs were $480,000 when 10,000 units were produced and sold. The company has a one-time opportunity to sell an additional 1,000 units at $140 each in a foreign market which would not affect its present sales. If the company has sufficient capacity to produce the additional units, acceptance of the special order would affect net income as follows:
A. Income would increase by $140,000.
B. Income would increase by $40,000.
C. Income would decrease by $8,000.
D. Income would increase by $8,000.
Mrs. Moreau was planning to have several guests at her home for a traditional Thanksgiving dinner. She had cooked Shady Brook Farms fresh turkeys in the past and had enjoyed them very much. When she went to her usual grocery store, she discovered that the store no longer carried the Shady Brook Farms brand. She called several other grocery stores and was finally able to locate Shady Brook Farms fresh turkeys at a small grocery store approximately 10 miles away. She drove to the store and bought a 20-pound Shady Brook Farms turkey, even though the price per pound was higher than what she normally paid at her usual grocery store. For Mrs. Moreau, the Shady Brook Farms turkey was a(n)
Answer:
The answer is "Specialty product".
Explanation:
In the given scenario, Specialty products are products that both these consumers constantly seek out just because of their unique characteristics or loyalty to a particular brand. They understand what they want and are willing to put in the time and effort to obtain that. It is an important set of purchasers who is willing to produce the effort to purchase it because of its unique traits or brand identification.
Pinacle Corp. budgeted $229,130 of overhead cost for the current year. Actual overhead costs for the year were $209,320. Pinacle's plantwide allocation base, machine hours, was budgeted at 45,320 hours. Actual machine hours were 44,020. A total of 100,250 units was budgeted to be produced and 98,000 units were actually produced. Pinacle's plantwide factory overhead rate for the current year is:
Answer:
Predetermined manufacturing overhead rate= $5.07 per machine hour
Explanation:
Giving the following information:
Pinacle Corp. budgeted $229,130 of overhead cost for the current year. Pinacle's plantwide allocation base, machine hours, was budgeted at 45,320 hours.
To calculate the predetermined manufacturing overhead rate we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 229,130 / 45,230
Predetermined manufacturing overhead rate= $5.07 per machine hour
Prepare a balance sheet in proper format for the company as of December 31st based on the following accounts. Answer questions 8 through 10 based on this balance sheet.
Answer:
Total liabilities = $25,000
Explanation:
Missing information;
Accounts Payable = $5,000
Long-term Notes Receivable = $10,000
Accounts Receivable = $15,000
Accrued Expenses = $3,000
Cash = $10,000
Short-term Notes Payable = $7,000
Retained Earnings = $2,000
Accumulated depreciation = $2,000
Prepaid Expenses = $3,000
Capital Stock = $8,000
Supplies = $7,000
Find:
Total liabilities
Computation:
Total liabilities = Accounts Payable + Capital Stock + Short-term Notes Payable + Accrued Expenses + Retained Earnings
Total liabilities = 5000 + 8000 + 7000 + 3000 + 2000
Total liabilities = $25,000
For managers, the importance of Maslow's contribution is that he showed that workers Group of answer choices are interested only in compensation that helps them fulfill physiological needs. have needs beyond that of just earning a paycheck. are as complex as their organization. expect an employer to fulfill every level in their hierarchy of needs. have needs that cannot be understood by their employer.
Answer:
have needs beyond that of just earning a paycheck.
Inflation is a macroeconomic measure that describes:
Answer:
is used to measure the rising increase in prices of goods and services in a country over a certain period of time
Explanation:
A broker has an exclusive right-to-sell listing on a building. An offer to purchase the building is received while the owner is out of town. The offer requires a commitment from the seller before the seller is scheduled to return to the city. Under these circumstances, the
Answer:
Broker must obtain the signature of the seller to effect a contract.
Which of the following statements is true?
A. ASC 740 focuses on the income tax expense or benefit on the income statement
B. ASC 740 focuses on the balances in the deferred tax assets and liabilities on the balance sheet
C. ASC 740 focuses on the income taxes paid or refunded in the Statement of Cash Flows
D. ASC 740 focuses on the computation of a company's effective tax rate in the income tax note to the financial statements
Answer:
B. ASC 740 focuses on the balances in the deferred tax assets and liabilities on the balance sheet
Explanation:
ASC 740 applied the asset and liability approach for determining the current tax payable of the company and deferred tax payable for the company both should be refundable also its main focus is on the company balance sheet
So as per the given options, the option b is correct as it focused on the deferred tax asset and the deferred tax liabilities that to be shown on the balance sheet
So, other options should be wrong
A gas station owner properly filed a breach of a noncompete clause in an employment contract case in federal court against a former manager, who began building a similar gas station across the street. The owner's complaint requested money damages and an injunction to stop the construction. The former manager wants a jury trial, but the gas station owner prefers that the issue be litigated before the judge. Can the former manager demand a jury trial for both claims
Answer:
No, because, while the Seventh Amendment gives both the plaintiff and defendant the right to demand a jury trial in civil actions, when a case presents both legal and equitable claims, the right is only preserved for all legal claims, not equitable claims.
Explanation:
Equitable claim is one that requests an injunction from a court. That is the court is asked to compel another party to either take an action or refrain from taking an action. The focus is to prevent a future harm.
A legal claim is one that where the plaintiff proves harm done against their person and he is seeking compensation for harm inflicted.
The Seventh Amendment gives parties the right to request a jury trial only on legal claims.
In the given scenario the case is one that is an equitable claim. The owner's complaint requested money damages and an injunction to stop the construction. This is done to stop breach of the non-compete.
As the Seventh Amendment only allows jury trial for legal claims, the former manager cannot demand a jury trial.
An employee properly sued her employer for wrongful discharge in federal court. During discovery, the employee served the employer with a discovery request for information regarding all employment termination over the previous 15 years, regardless of the position. The employer objected, and the employee filed a motion to compel the requested discovery. The court denied the motion to compel, and the employee wants to file an immediate appeal to review this decision. Does the employee have a right to an immediate appeal
Answer:
No, because the trial court's order is an "interlocutory order" that can be reviewed prior to final judgment only if the trial court certifies it for immediate appeal and the appellate court, in its discretion, agrees to hear the appeal
Explanation:
Interlocutory orders
This is simply known as an order or judgment usually made in a case before the said parties claim or defense and every issue in the case has been reviewed or settled and they are not appealable. it is a form of rulings that trial judges do make in the course of pretrial proceedings and trials that were not entirely settled/resolve in the case. Therefore, they are not final. In this scenario above, interlocutory orders are usually not immediately reviewable on appeal until a final order is made such as meeting one of the exceptions permitting an appeal as of right (i.e., orders granting injunctions; orders appointing a receiver etc). This Appeals also may grant the review of an interlocutory order, but it is discretionary, and may be available only when the trial judge signs that the interlocutory order and the court of appeals then agrees to allow the appeal.
