1. Due to heavy rains the price of ground produce increases. a.
Which core principle id represented in this scenario above (if
any). b. Give an explanation.
Answers
The scenario described in which the price of ground produce increases due to heavy rains can be related to the core principle of supply and demand in economics.
a. The core principle represented in this scenario is the principle of supply and demand.
b. When heavy rains occur, it can negatively affect the supply of ground produce such as fruits, vegetables, and crops. Excessive rainfall can lead to waterlogging, flooding, or other unfavorable conditions for agricultural production. These conditions can damage crops, hinder their growth, or even cause them to rot or become unusable. As a result, the supply of ground produce decreases.
With a decrease in supply, and assuming the demand for ground produce remains relatively constant, there is a shift in the supply-demand equilibrium. The scarcity of produce leads to an increase in prices as consumers compete for the limited available supply.
This scenario illustrates the fundamental principle that changes in supply, such as those caused by natural factors like heavy rains, can have a direct impact on the price of goods. It highlights the interplay between supply and demand dynamics in determining market prices and the allocation of resources.
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Related Questions
the average rate of growth for slow‑growth countries is around 2% per year, and for fast‑growth, greater than 5% per year. suppose the growth rate of the economy is 2% . the size of the economy roughly doubles every
Answers
The economy would double in size every 35 years if the growth rate remains constant.
The average rate of growth for slow-growth countries is around 2% per year, while for fast-growth countries, it is greater than 5% per year.
If the growth rate of the economy is 2%, the size of the economy roughly doubles every 35 years. To calculate this, we can use the Rule of 70.
The Rule of 70 states that to find the number of years it takes for a variable to double, you divide 70 by the growth rate.
In this case, we divide 70 by 2 (the growth rate of 2%) which gives us 35.
So, if the growth rate of the economy is 2%, it would take approximately 35 years for the size of the economy to double.
This means that the economy would double in size every 35 years if the growth rate remains constant.
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compare financial accounting with management accounting. your textbook clearly distinguishes between them. what are the similarities?
Answers
Management accounting is both a field that supports financial reporting and an endeavor to expand beyond this specific area.
Board book-keeping centers around the stewardship or execution parts of the executive's activities while monetary bookkeeping centers around the speculative uses of data.
Financial accounting is the collection of accounting data to produce financial statements, whereas managerial accounting is the internal processing used to account for business transactions. This is the difference between financial and managerial accounting.
The executive's bookkeeping assists directors inside an organization with simply deciding. Management accounting is the process of locating, evaluating, interpreting, and conveying information to managers in order to support the achievement of business objectives. It is also referred to as cost accounting.
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What is the business structure utilised by PG&E and what are its main features? How does the principle of separate legal existence apply to prevent the directors, employees and shareholders of PG&E from being personally liable to the victims of the wildfires? (500-600 words)
Answers
Answer: PG&E (Pacific Gas and Electric Company) operates under a business structure known as a corporation. As a corporation, PG&E is a separate legal entity from its directors, employees, and shareholders. This structure provides several key features and protections, including limited liability and separate legal existence, which prevent personal liability of individuals associated with the company in the event of legal claims by the victims of wildfires.
One of the main features of a corporation is the principle of separate legal existence. This means that the corporation is treated as a distinct legal entity that is separate from its owners (shareholders), directors, and employees. The corporation has its own rights, liabilities, and obligations, which are separate from those of its individuals. This separation allows the corporation to enter into contracts, own property, and be held legally accountable for its actions.
The principle of separate legal existence plays a crucial role in shielding the directors, employees, and shareholders of PG&E from personal liability for the company's actions, including the consequences of wildfires. In the case of wildfires caused by PG&E's equipment or negligence, the victims typically pursue legal claims against the corporation itself, rather than its individuals. This means that the personal assets of the directors, employees, and shareholders are generally protected, and their liability is limited to their investment in the company.
Limited liability is another significant feature of the corporate structure utilized by PG&E. It means that the shareholders' liability is limited to the amount they have invested in the company. In the case of PG&E, individual shareholders are not personally responsible for the debts, liabilities, or damages incurred by the corporation. This limited liability protection encourages investment in the company by providing a level of financial security for shareholders.
Furthermore, the directors and employees of PG&E are generally shielded from personal liability for the corporation's actions. Under the principle of separate legal existence, directors and employees are acting on behalf of the corporation when carrying out their duties, and they are not personally liable for the corporation's debts or obligations. This protection allows directors and employees to make business decisions without the fear of personal financial consequences.
It is important to note that there are certain exceptions to the limited liability protection. For instance, if a director or employee engages in fraudulent or illegal activities that result in harm or loss, they may be held personally liable. Additionally, if there are instances of "piercing the corporate veil," where the court determines that the corporation and its individuals are not truly separate entities, personal liability may be imposed.
In the case of PG&E, while the victims of wildfires may seek compensation from the corporation, the personal assets of its directors, employees, and shareholders are generally protected due to the principle of separate legal existence and limited liability. This allows PG&E to continue its operations, fulfill its obligations, and seek remedies within the confines of the corporate structure.
In summary, PG&E operates as a corporation, which grants it separate legal existence and limited liability. The corporation is treated as a distinct legal entity, shielding its directors, employees, and shareholders from personal liability in the event of legal claims by wildfire victims. This structure encourages investment, protects personal assets, and allows the corporation to be held accountable for its actions within the framework of corporate law.
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A layout deficiency in a house results in a loss in value of $5,000. The layout deficiency could be corrected at a cost of $6,500. This depreciation is categorized as _______.\
Answers
This depreciation is categorized as Functional obsolescence, incurable.
What is Functional obsolescence incurable?The main causes of the unavoidable functional obsolescence are outside forces over which the property owner has no control. By doing adequate study on the most recent trends and designs in real estate before committing to the investment, investors can avoid the occurrence of such obsolescence.
Functional Obsolescence Examples
Another example of functional obsolescence in the technology sector is the parade of ever-evolving cellphones and smartphone technology. New smartphones have more capabilities and features than older models, rendering them functionally useless.
There are two primary categories of functional obsolescence: curable and irreparable.
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What promotional mix methods will you use to promote your product/service?(For example, how will you use the following methods:
Advertisements
Personal selling
Direct marketing
Public relations
Sales promotion
1 paragraph for each of them
Answers
Answer: When you promote your business, you're engaging in persuasive communication: You want to convince others to buy from you. You must select the right promotional strategy to:
Capture the attention of the right group of potential customers in a credible yet catchy way.
Educate them about your products or services.
Influence them to buy from you.
Advertisements: Advertising is any paid form of media communication. This includes print ads in magazines, trade journals and newspapers, radio and TV announcements, Web-based visibility-building, and billboards. Advertising is a nonpersonal promotional activity because the seller has no direct contact with the potential customer during the communication process.
Personal selling: Face-to-face communication between buyer and seller.
Direct marketing: A form of advertising aimed directly at target customers (usually in their homes or offices) that asks the receiver to take action, such as ordering a product, clipping a coupon, phoning a toll-free number or visiting a store. Catalogs, coupon mailers and letters are common forms of direct marketing.
Public relations: These activities promote a positive image, generate publicity and foster goodwill with the intent of increasing sales. Generating favorable media coverage, hosting special events and sponsoring charitable campaigns are examples of public relations.
Sales promotion: In-store demonstrations, displays, contests and price incentives (50% off, buy-one-get-one-free) are sales promotion techniques.
A person’s cash outflow includes
A) liquid assets a person has accumulated.
B) money spent by a company to pay a person’s salary.
C) payments by a person to a retirement account.
D) the difference between the asking price of two houses for sale in the same neighborhood.
Answers
Answer:
B. money spent by a company to pay a person's salary
which statement is true about registering a marketing officer of an investment adviser as an investment adviser representative (iar) with the state? a the marketing officer of an investment adviser is not registered as an iar b the marketing officer of an investment adviser will be automatically registered when the investment adviser registration is filed in the state c the marketing officer of an investment adviser is only required to register if the firm is a federal covered adviser d the marketing officer of an iar must file a registration application that is independent of the investment adviser registration application
Answers
The statement "The marketing officer of an Investment Adviser will be automatically registered when the Investment Adviser registration is filed in the State." is true.
Give a brief account on Investment Adviser.A financial adviser or advisor is a specialist who offers clients financial services based on their financial circumstances. In many nations, in order to give advice, financial advisors must undergo particular training and register with a regulatory organization. A financial adviser in the US must pass the Series 7 and Series 66 or Series 65 qualifying exams. the United States Qualification classifications, compliance concerns, and Financial Industry Regulatory Authority (FINRA) must be disclosed to the public. Information about official compliance issues is available on the Investment Adviser Public Disclosure (IAPD) website, and information about informal compliance issues is available on Onesta. Brokers, investment advisers, private bankers, accountants, attorneys, insurance agents, and financial planners are among the groups allowed to use the phrase "financial advisor," according to FINRA. The complete picture of the client's financial status must be taken into consideration by financial counselors.
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I'll GIVE BRAINLIEST!!!
FIX IT PLS
Answers
Answer:
What are we suppose to exactly do?
Explanation:
Discuss how the concept of Economy, Effectiveness and Efficiency (3E) was applied in the specific government agency in Malaysia (you are free to choose any agency).
Answers
The concept of Economy, Effectiveness, and Efficiency (3E) can be applied to the Malaysian government agency, "the Economic Planning Unit (EPU)." The EPU is responsible for formulating policies and strategies for Malaysia's economic development, which has implemented various measures to promote 3E in its operations.
In terms of Economy, the EPU allocates limited resources such as budget and manpower strategically to various sectors, ensuring that government spending is optimized to create a sustainable economic environment. They prioritize high-impact projects and allocate funds accordingly to maintain fiscal discipline.
For Effectiveness, the EPU sets clear targets and objectives in the Five-Year Malaysia Plans, outlining the desired outcomes of various projects and initiatives. They measure the performance and success of these projects by comparing them to the set goals, ensuring that the initiatives effectively achieve their intended purposes.
Lastly, for Efficiency, the EPU continuously evaluates and assesses the progress of various projects, making necessary adjustments to ensure optimal performance. By monitoring and improving the implementation of projects, they ensure that resources are used efficiently to achieve the desired results with minimal waste or duplication.
In conclusion, the Economic Planning Unit in Malaysia effectively applies the concepts of Economy, Effectiveness, and Efficiency (3E) by allocating resources strategically, setting clear objectives and targets, and continuously evaluating the progress of various projects to ensure their success in promoting sustainable economic development.
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Jory wants to create a diagram to compare and contrast the qualifications of the three Energy pathways. Which qualifications could she put in the section common to all three pathways?
physical stamina, willingness to work long hours, teamwork, stress-management skills
physical stamina, color vision, stress-management skills, knowledge of geography
color vision, willingness to work long hours, teamwork, customer-service skills
knowledge of geography, customer-service skills, teamwork, stress-management skills
Answers
Answer:
th answer is A. physical stamina, willingness to work long hours, teamwork, stress-management skills
Explanation:
The qualifications that are required to create a diagram to compare and contrast the three Energy pathways are the physical stamina, willingness to work long hours, teamwork, stress-management skills.
What are the Energy pathways?The paths that energy sources take to get from a producer to a consumer are known as energy pathways. These ways are an influential part of energy security, yet they can be disrupted.
In the given case, Physical stamina, desire to work long hours, collaboration, and stress-management skills are all requirements for creating a graphic to compare and contrast the three Energy paths.
Therefore, option A is correct.
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What are two major advantages and two major disadvantages of having unions in the United
States? Explain each advantage or disadvantage.
Answers
Answer:
two major advantages of unions:
1. we get more items from different countries
2. Unions promote higher wages and better benefits
two major disadvantages:
1. Labor unions discourage individuality
2. Unions can drive up costs as well as making it harder to promote and terminate workers.
1.
In 2016, a market had sales of £350.000. In 2017, the market grew by 5%.
Calculate the new market size in sales value.
Answers
Answer:
The new market size in sales value is 367,500
Explanation:
Answer:
£367,500
Explanation:
the market was £350,000 in 2016.
in 2017, the market grew by 5%.
the new market size will 5% more than 2016.
if 2016 was 100%, 2017 will be 105%
2017 = 105% x £350,000
=105/100 x £350,000
=1.05 x £350,000
=£367,500
when the foreign exchange market determines the relative value of a currency in a country, that country is using a(n) blank exchange rate regime. multiple choice question. pegged floating fixed spot
Answers
When the foreign exchange market determines the relative value of a currency in a country, that country is using a floating exchange rate regime. Under a floating exchange rate regime, the value of a currency is determined by market forces, such as supply and demand in the foreign exchange market.
The exchange rate for the currency fluctuates freely, reflecting changes in market conditions, economic factors, and investor sentiment. In a floating exchange rate system, the government or central bank does not intervene heavily to control or peg the currency's value. Instead, it allows the exchange rate to be determined by market forces, which can lead to fluctuations and adjustments in response to economic conditions and external factors.
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please help me with these question what is meant by beverages, consistency and invalid
Answers
We are required to find the meaning of the following words in this question.
What is meant by beverages?This is a term that is widely used to refer to all forms of drinks that are not water. It could be tea, or coffee.
What is meant by consistency?This is the term that means that a certain thing is always the same way or it keeps happening in a particular manner.
What is meant by invalid?This term means that something is not valid. In the sense of use, it means that it is no longer in agreement with what is being said.
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Mark applies for a credit card using someone else's name and Social Security number. What type of fraud is this? • A. Securities fraud • B. Insurance fraud C. Identity theft D. Tax fraud
Answers
C. Identity theft. Mark's actions of using someone else's name and Social Security number to apply for a credit card constitute identity theft.
What is Identity theft?
Credit card constitute identity theft is a type of fraud involving the unauthorized use of someone's personal information for fraudulent purposes. Securities fraud, insurance fraud, and tax fraud are different types of fraud that involve illegal activities in specific domains such as financial securities, insurance, and taxation, respectively, and are not applicable in this scenario. Identity theft is a serious crime that can result in financial loss and harm to the victim, and it is important to take steps to protect personal information and report any suspected cases of identity theft to the appropriate authorities.
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in 2020, the allen company had consulting revenues of $1,000,000 while operating costs were $750,000. in 2021, allen will be introducing a new service that will generate $150,000 in sales revenues and $60,000 in operating costs. assuming no changes are expected for the other services, the differential revenue for 2021 will be:
Answers
The differential revenue for 2021 will be $150K (the additional revenues are the difference of $150K), assuming no changes are anticipated for the other services.
Revenue in accounting refers to the entire amount of money made through the sale of products and services that are essential to the company's core activities. Sales or turnover are other terms used to describe commercial revenue. Some businesses get money via royalties, interest, or other fees. Revenue, which is determined by multiplying the average sales price by the quantity of units sold, is the money made through regular business activities. The top line (or gross income) figure is what is used to calculate net income by deducting costs. Sales are another name for revenue in the income statement.
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Anyone who wants to use copyright material must obtain permission from the copyright owner in the form of a ____.
Answers
Answer:
license
Explanation:
what is my profit margin ratio if my net income is $294 and my net sales is $3800
Answers
Answer:
Explanation: Net Sales = $3800
Net income= $294
Profit margin ratio= Net income/Net sales x 100
=$294/$3800 x 100
=7.73%
Project partnerships offer which of the following advantages to both clients and vendors?
a. Ability to explore new technologies
b. Potential of lower cost for client
c. More effectively managed risks
d. Opportunity for vendor to prove themselves
Answers
Project partnerships offer a variety of advantages to both clients and vendors. One of the key advantages is the opportunity for the vendor to prove themselves.The answer is D.
By working closely with the client on a project, the vendor has the chance to showcase their expertise and capabilities, demonstrating their ability to deliver high-quality results. This can help to build trust and establish a strong working relationship between the two parties, leading to additional project opportunities in the future.
For the client, partnering with a vendor can provide access to specialized knowledge and skills, as well as increased flexibility and scalability to meet their project needs. Overall, project partnerships can offer a win-win situation for both clients and vendors, leading to successful outcomes and continued growth for all involved.
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To calculate the number of montly payments required to pay off a loan or meet an investment goal, use the _______ function.
Answers
To calculate the number of monthly payments required to pay off a loan or meet an investment goal, use the nper function.
In finance, lending is the lending of money by one or more individuals, organizations, or other entities to other individuals and organizations, etc. The beneficiary incurs a debt and usually has to pay interest on that debt until that debt is also repaid. to repay the principal borrowed.
The promissory note will typically state, among other things, the principal amount of the loan, the interest rate charged by the lender, and the date of repayment. A loan involves reallocation of assets in question over a period of time, between the lender and the borrower.
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Wonderful! Not only did our salespeople do a good job in meeting the sales budget this year, but our production people did a good job in controlling costs as well.'' said Kim Clark, president of Martell Company. ''Our $14,800 overall manufacturing cost variance is only 2% of the $1.536.000 standard cost of products made during the year. That's well within the 3% parameter set by management for acceptable variances. It looks like everyone will be in line for a bonus this year.''The company produces and sells a single product. The standard cost card for the product follows:Standard Cost Card-per UnitDirect materials, 3.50 feet at $2.80 per foot $9.80Direct labor, 2.8 direct labor-hours at $12 per direct labor-hour 33.60Variable overhead, 2.8 direct labor-hours at $2.00 per direct labor-hour5.60Fixed overhead, 2.8 direct labor-hours at $6.00 per direct labor-hour 16.80Standard cost per unit $65.80The following additional information is available for the year just completeda. The company manufactured 20,000 units of product during the yearb. A total of 67,000 feet of material was purchased during the year at a cost of $3.00 per foot. All of this material was used to manufacture the 20,000 units. There were no beginning or ending inventories for the yearc. The company worked 58,000 direct labor-hours during the year at a direct labor cost of $11.80 per hour.d. Overhead is applied to products on the basis of standard direct labor-hours. Data relating to manufacturing overhead costs follow:Denominator activity level (direct labor-hours) 52,500Budgeted fixed overhead costs $315,000Actual variable overhead costs incurred $133,400Actual fixed overhead costs incurred $ 312,000Required1. Compute the materials price and quantity variances for the year. (Input all amounts as positive values. Indicate the effect of each variance by selecting F for favorable, U for unfavorable and None for no effect).2. Compute the labor rate and efficiency variances for the year. (Input all amounts as positive values. Indicate the effect of each variance by selecting F for favorable, U for unfavorable and None for no effect).3. For manufacturing overhead compute:a. The variable overhead rate and efficiency variances for the year. (Input all amounts as positive values. Indicate the effect of each variance by selecting F for favorable, U for unfavorable and None for no effect).b. The fixed overhead budget and volume variances for the year. (Input all amounts as positive values. Indicate the effect of each variance by selecting F for favorable, U for unfavorable and None for no effect).
Answers
Answer and Explanation:
1. The computation of materials price and quantity variances for the year is shown below:-
Material price variance = Actual quantity × (Actual rate - Standard rate)
= 67,000 × ($3.00 - $2.80)
= 67,000 × $1.80
= $120,600 unfavorable
Material quantity variance = (Actual quantity - Standard quantity) × Standard price
= 67,000 - (20,000 × 3.50)) × $2.80
= (67,000 - 70,000) × $2.80
= $8,400 favorable
2. The computation of the labor rate and efficiency variances for the year is shown below:
Labor rate variance is
= (Actual rate - standard rate) × Actual hours
= ($11.80 - $12) × 58,000 direct labor hours
= $11,600 favorable
labor efficiency variance is
= (Actual hours - standard hours) × standard rate
= (58,000 direct labor hours - 20,000 units × 2.8 direct labor hours) × $12
= $24,000 unfavorable
3. a. The computation of variable overhead rate and efficiency variances for the year is shown below:-
variable overhead rate = Actual hours × (Actual rate - Standard rate)
= 58,000 × ($133,400 ÷ 58,000 - $2.00)
= $17,400 Unfavorable
Variable overhead efficiency variance = (Actual hours - Standard hours) × Standard rate
= (58,000 - (20,000 × $2.8)) × $2.00
= (58,000 - 56,000) × $2.00
= $4,000 Unfavorable
3. b. The computation of fixed overhead budget and volume variances for the year is shown below:-
fixed overhead budget variance = Actual fixed overhead - Budgeted fixed overhead
= $312,000 - $315,000
= $3,000 Favorable
Volume variance = (Standard hours allowed - Denominator activity level) × Fixed overhead rate per hour
= ((20,000 × $2.8) - 52,500) × $6.00
= $56,000 - 52,500) × $6.00
= $3,500 × $6.00
= $21,000
Why is it important to have insurance?
It's important to have insurance so people can
protect themselves from losing a lot of money in
the event of an unpredictable event or something
happens to them or their property.
So individuals can defend against the possibility of
financial loss due to unpredictable event
So people can engage in risky behavior without
financial consequences
A and B
Answers
It's important to have insurance so people can protect themselves from losing a lot of money in the event of an unpredictable event or something that happens to them or their property. So individuals can defend against the possibility of financial loss due to unpredictable events. The correct options are a and b.
What is insurance?Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury.
It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.
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New job has 2 pay options. 1. $14,000, commission of 10%. 2. base salary $19,000, commission 4%. how much would you have to sell for option 1 to produce a largee income?
Answers
To produce a larger income than option 2, option 1 requires $83,333.33 in sales.
Here are the two pay options:
Option 1: Base salary of $14,000 with a commission of 10%.
Option 2: Base salary of $19,000 with a commission of 4%.
We need to find the amount of sales required for option 1 to produce a larger income than option 2.
Let's first calculate the total income from option 2:
Total Income = Base Salary + Commission
= 19,000 + 0.04 * Sales
We need to set this equal to the total income from option 1 and solve for sales:
14,000 + 0.10 * Sales = 19,000 + 0.04 * Sales
0.06 * Sales = 5,000
Sales = 83,333.33
Therefore, you would need to sell $83,333.33 for option 1 to produce a larger income than option 2.
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In 2012, the Japanese yen was worth about Y80/$. In 2018 , the Japanese yen was worth about Y110/$. From 2012 to 2018 , the Japanese yen against the dollar by revalued by 37.5% appreciated by 37.5% devalued by 27.27% depreciated by 27.27% The British pound went from $1.54/ pound three years ago to $1.32/ pound recently. The pound has by depreciated; 16.67% appreciated; 14.29% appreciated; 25.20% depreciated; 14.29% If Singapore dollar is quoted as $1.3675/US$ and Mexican peso is quoted as Ps21.6297/US\$, then the cross rate between the two currencies is S$0.0338/Ps Ps0.0632/S\$ Ps29.5762/S\$ S$0.0632/Ps
Answers
The cross rate between the Singapore dollar and Mexican peso is Ps0.0632/S$.
The Japanese yen appreciated against the US dollar by 37.5% from 2012 to 2018, calculated as:
((110-80)/80) x 100% = 37.5%
The British pound has depreciated against the US dollar by 14.29%, calculated as:
((1.32-1.54)/1.54) x 100% = -14.29%
To find the cross rate between the Singapore dollar (S$) and Mexican peso (Ps), we can use the formula:
Cross rate = (S$/US$) / (Ps/US$)
Substituting the given values, we get:
Cross rate = (1.3675/1) / (21.6297/1) = 0.0632
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how does depreciation going up by $10 affect all the statements?
Answers
An increase in depreciation expense by $10 will decrease net income and retained earnings by $10. It will also reduce the carrying value of the related asset on the balance sheet by $10. The cash flow statement remains unaffected as depreciation is a non-cash expense.
An increase in depreciation expense by $10 will have specific effects on the financial statements:
1. Income Statement: The increase in depreciation expense will reduce the net income by $10, leading to a lower profit or potentially a net loss.
2. Cash Flow Statement: The increase in depreciation expense does not directly impact cash flow as it is a non-cash expense. Therefore, there is no change in cash flow from operations.
3. Balance Sheet: The increase in depreciation expense reduces the value of the corresponding asset on the balance sheet. It will result in a decrease in the carrying value of the asset and a decrease in total assets by $10. The retained earnings (equity) will also decrease by $10 due to the reduction in net income.
Overall, the increase in depreciation expense reduces the profitability reflected in the income statement, decreases the value of the related asset on the balance sheet, and lowers the retained earnings on the equity side. It is important to note that these effects depend on the specific accounting policies and the impact on other line items in the financial statements may vary.
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Which of the following is the correct way to calculate real GDP?
a.
Divide constant GDP by the implicit GDP price deflator and then multiply by 100.
b.
Divide current GDP by the implicit GDP price deflator and then multiply by 100.
c.
Multiply current GDP by the implicit GDP price deflator.
d.
Multiply constant GDP by the implicit GDP price deflator.
Answers
Answer: b. Divide current GDP by the implicit GDP price deflator and then multiply by 100.
Explanation:
The Real GDP is preferred when it comes to measuring economic growth because it measures GDP independently of inflation unlike the Nominal GDP which is inflated by the higher prices brought upon by inflation.
To deflate the Nominal GDP to a Real one, there are several methods and one of them is to divide the Nominal GDP by a price deflator and then multiplying the result by 100. The result will show if indeed the economy has grown without the bothersome effect of inflation.
The owner of a collection of old anvils lent it to the local museum and hired professional movers to transport the anvils to the second floor of the museum, where they would be displayed. The movers used a rope and pulley apparatus to lift the anvils on the outside of the building to a second-story window. While one of the largest anvils was being lifted, it slipped and fell, crashing to the ground. However, the anvil was not even dented. If the owner brings a negligence action against the movers for allowing the antique anvil to fall, what can the owner recover
Answers
Answer:
Neither nominal damages nor punitive damages.
Explanation:
Nominal damage is defined as money from a defendant that is awarded to a plaintiff for a legal wrong. The amount awarded does not meet up to the financial loss incurred.
Punitive damage is the type that is awarded to punish the defendant for an injury or wrong done to a plaintiff. This is also called exemplary damages.
In the given scenario the owner will not be able to recover either punitive or nominal damages from the movers.
This is because movers used a rope and pulley apparatus to lift the anvils on the outside of the building to a second-story window. This was aimed at not harming anyone within the building.
Also when it fell the anvil was not even dented.
So there was no basis for the negligence charge as there was no injury inflicted.
In relation to concepts taught in behvioural finance, provide an overview of various cognitive errors and emotional biases. Discuss their implications on investment decision making (Reference Required).
Answers
Cognitive errors and emotional biases in behavioural finance can lead to flawed investment decision-making, affecting investment outcomes.
In behavioural finance, cognitive errors refer to systematic thinking biases that individuals exhibit when making investment decisions. Examples include overconfidence, confirmation bias, and anchoring. Emotional biases, on the other hand, stem from emotions and can cloud rational judgment. Common emotional biases include fear, greed, and herd mentality. These biases can have significant implications on investment decision-making. They can lead to irrational trading behaviour, such as buying or selling based on short-term market movements, instead of focusing on long-term fundamentals. This can result in poor investment outcomes, including lower returns and increased portfolio volatility. Understanding and mitigating these cognitive errors and emotional biases are crucial for investors to make informed and rational investment decisions.
Reference:
Barberis, N., & Thaler, R. (2003). A survey of behavioral finance. Handbook of the Economics of Finance, 1, 1053-1128.
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You have two employees who report directly to you. One is making $36,000/year and the second is making $24,000/year. You feel the second employee has done outstanding work, and you want to give her a $3,000/year raise. The company has limited you to a total increase in payroll of 5% for next year. How much of a raise can you afford to give to the first employee if you give the second employee a $3,000/year raise?
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Answer:
Zero,( no raise at all)
Explanation:
The total labor cost for the two employees is
=$36,000 + $24,000
=$60,000
If only 5% of increases in payroll is approved, the actual increase
=5/100 x $60,000
=0.05 x $60,000
=$3,000
If the second employee is to get a raise of $3,000 per year, then the first employee will not get any raise.
Your email campaign has an open-rate of 9.6%, and you emailed 25,000 people. How many people opened your email?
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Answer:(25000 × 9.6) / 100
Explanation:
25000 mail is 100% of the email, so 9.6% of them will be the result of the answer i gave