1. Graph the following price and quantity data for a vacuum (normal good). Label the equilibrium point (E1), make sure quantity is on the x-axis and price on the y-axis, have a legend that identifies
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To graph the following price and quantity data for a vacuum (normal good), we need to follow the given instructions.
Locate and label the equilibrium point (E1).Quantity will be on the x-axis, and price will be on the y-axis.Provide a legend that identifies the plotted lines. Equilibrium Point (E1) Price Quantity (Units) 100 60 200 50 300 40 400 30 500 20 600 10 A graph of the given data is as follows.
Image credits: Web Content Lab The equilibrium point (E1) is the point at which the demand and supply curves intersect. It is the price and quantity at which the market clears. In this case, the equilibrium point is where the demand curve and the supply curve meet. It is labeled as E1 on the graph.
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Related Questions
It is okay to wear disposable gloves if: You wash hands first and discard gloves between tasks You dispose of the gloves often while preparing foods The handwashing sink is broken or missing soap Your hands are dirty and you are too busy to wash them
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Which method of performance evaluation is most suitable for evaluating the decisions made by the manager for each of the following types of responsibility centres? Cost Centre 1. Standard cost variance analysis Profit Centre 2. Segmented income statement Investment Centre 3. Return on investment
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For a Cost Centre, the most suitable method of performance evaluation is standard cost variance analysis. For a Profit Centre, the most suitable method of performance evaluation is a segmented income statement.
1. Cost centers are responsible for controlling costs within an organization. Standard cost variance analysis compares the actual costs incurred with the predetermined standard costs. It helps identify any cost overruns or cost savings, enabling managers to take corrective actions and improve cost control.
2. Profit centers are responsible for generating revenues and managing costs to earn profits. A segmented income statement breaks down the revenues, costs, and profits for each segment or division within the center. It allows managers to assess the performance of individual segments and identify areas of strength or weakness.
3. Investment centers are responsible for making investment decisions and generating returns on those investments. Return on Investment (ROI) is a commonly used metric to evaluate the profitability and efficiency of investments. It calculates the ratio of net income generated to the capital invested in the center, providing a measure of the center's overall performance in utilizing its resources.
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According to Maslow, what must happen before people start trying to satisfy growth needs?
A) They must satisfy deficiency needs.
B) The must develop wisdom.
C) They must develop motivation.
D) They must satisfy higher-order needs.
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c is my guess
Explanation:
Which of the following would a recent journalism graduate most likely need to consider before taking a lower-level copyediting job at a major publishing conglomerate?
student loan debt
benefits package
potential for advancement
vacation time available
Answers
Answer:
potential for advancement
Explanation:
Answer:
Potential for advancement
Explanation:
the other three are important for all jobs, but specifically for conglomerates you are going to want to advance and eventually get better positions.
When you work for a conglomerate, each magazine will get its own editors as well as content to publish. But the workers still have to make sure what they put out there regards the policies, sales, and other factors of the company. A downside to conglomerates is that there are a lot of strict procedures and policies to follow to, and sometimes the general environment of one can be difficult. Working for a conglomerate means you should able to work with others, and help people come up with creative plans. You work with other people who are in the same field, and doing the work takes a lot of time and effort. You have to be flexible and creative, be able to communicate, as well as research a lot of things. There are benefits though in terms of being able to move up in your career, and advance through magazines getting good positions. There is also the pay that you get as well.
The Gardner Company, a client of your firm, has come to you with the following problem. It has three clerical employees who must perform the following functions: a. Maintain the general ledger b. Maintain the accounts payable ledger c. Maintain the accounts receivable ledger d. Prepare checks for signature e. Maintain the cash disbursements journal f. Issue credits on returns and allowances g. Reconcile the bank account h. Handle and deposit cash receipts Assuming equal abilities among the three employees, the company asks you to assign the eight functions to them to maximize internal control. Assume that these employees will perform no accounting functions other than the ones listed. 227CHAPTER 7 CONTROL AND ACCOUNTING INFORMATION SYSTEMS REQUIRED a. List four possible unsatisfactory pairings of the functions. B. State how you would distribute the functions among the three employees. Assume that with the exception of the nominal jobs of the bank reconciliation and the issuance of credits on returns and allowances, all functions require an equal amount of time. (CPA Examination, adapted)
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1. Maintaining the general ledger and preparing checks for signature, 2. Maintaining the accounts payable ledger and issuing credits on returns and allowances, 3. Maintaining the accounts receivable ledger and reconciling the bank account, 4. Maintaining the cash disbursements journal and handling and depositing cash receipts.
The Gardner Company needs to assign the eight accounting functions to its three clerical employees in a way that maximizes internal control. Four possible unsatisfactory pairings of functions can be identified:
1. Maintaining the general ledger and preparing checks for signature: These two functions should be separated to prevent potential errors or fraud. Having the same employee responsible for both tasks increases the risk of unauthorized check preparation or manipulation of the general ledger.
2. Maintaining the accounts payable ledger and issuing credits on returns and allowances: These functions should be segregated to ensure proper recording and verification of credits. Combining them may result in the possibility of fraudulent credits being issued or errors in recording returns and allowances.
3. Maintaining the accounts receivable ledger and reconciling the bank account: Separating these functions is important to maintain accuracy and prevent misappropriation of funds. The person responsible for reconciling the bank account should not have access to the accounts receivable ledger to minimize the risk of manipulating records.
4. Maintaining the cash disbursements journal and handling and depositing cash receipts: These functions should be segregated to maintain control over cash transactions. Combining them increases the risk of mishandling cash or unauthorized diversion of funds.
To distribute the functions for maximum internal control, the following assignments can be made:
1. Employee 1: This employee should be assigned to maintain the general ledger. This function requires accuracy and attention to detail as it involves recording all financial transactions of the company.
2. Employee 2: This employee should maintain the accounts payable ledger, prepare checks for signature, and handle and deposit cash receipts. By combining these functions, the company ensures a clear separation of duties, with one person responsible for recording payables, another for preparing checks, and also handling cash receipts.
3. Employee 3: This employee should maintain the accounts receivable ledger, reconcile the bank account, and issue credits on returns and allowances. This assignment separates the responsibilities of recording receivables, reconciling bank statements, and managing returns and allowances to prevent potential errors or fraudulent activities.
By distributing the functions in this manner, the Gardner Company enhances internal control by ensuring segregation of duties, reducing the risk of errors, and providing checks and balances within the accounting system.
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A state charges a 7% sales tax on non-grocery items.
What is the sales tax when purchasing $125 of non-grocery items?
Enter your answer as a dollar value, like this: 56.78
Answers
Answer:
$8.75
Explanation:
The sales tax is on non-grocery is 7%
Sales tax on an item costing $125 will be
=7% of $125
=7/100 x $125
=0.07 x $125
=$8.75
An asset’s class established its ____________ for tax purposes.
Multiple Choice
A. discount rate
B. required return
C. net present value
D. life
E. salvage value
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An asset's class established its life for tax purposes. Option D is correct.
An asset's class refers to the category or classification it falls into for tax purposes. The class determines the useful life of the asset, which is the period over which it is expected to provide value to the business. The tax authorities assign specific classes to different types of assets based on their characteristics and expected lifespan.
The assigned life of the asset is crucial for tax calculations, including depreciation deductions. By establishing the asset's class and its corresponding life, tax authorities can determine the appropriate depreciation schedule and deductions for tax purposes, ensuring accurate reporting of the asset's value over its useful life. Option D is correct.
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Identify four negative effects of economic growth on society/the environment.
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Negative effects of Economic Growth on Society/ The Environment - Noise pollution and lower air quality arising from air pollution and road congestion.
Yong teaches students with learning disabilities and physical disabilities.
Barb teaches computer programming to high school students.
Maya works in a private school teaching math to seventh-grade students.
Destiny works in a college teaching English to adult students.
Tanner helps an elementary school teacher and works under the guidance of that teacher.
ANSWERS: 1.Special Education 2. Career and technical education 3. Middle school 4. Post secondary teacher 5.teacher assistant
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Answer: Special education teacher
Career and technical education teacher
Middle school teacher
Post secondary teacher
Teacher assistant
Explanation:
Answer:
1.Special education teacher
2.Career and technical education teacher
2.Middle school teacher
3.Post secondary teacher
4.Teacher assistant
Explanation:
A customer needs to attach a
A. credit report
to a customer authorization form
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An offeree whose acceptance is not a mirror of the offer has made a counter offer.
True
False
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If you are trying to substantially reduce the amount you spend on food, you should try...
Answers
Answer:
Cooking your own food at home for as many meals as possible
Explanation:
To reduce the amount spent on food, I will make a spending plan or budget plan. It helps to reduce the amount spent on food without sacrificing nutrition.
What is a Budget plan? A budget plan is simply a plan you create to help you meet expenses and spend money the way you want to spend it. A good spending plan can help you stop “spending leaks” in other words, it can keep you from spending money without thinking.The spending plan for food:Make healthy choices (they are cheaper)Buy produce in seasonUse sales and couponsThink frozen, canned, or driedSave on protein foodsWaste not, want notIn this way, I will reduce the amount spent on food.
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What is the opposite of fade-in, when the image goes black?
Answers
Answer:Umm fade out is the opposite if fade in, but it might not be correct.
Explanation:
;)
Short-term budgets allow management to periodically evaluate performance and take timely corrective action.True False
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The given statement "Short-term budgets allow management to periodically evaluate performance and take timely corrective action" is true. Because management is able to monitor performance and make adjustments thanks to these short-term budgets.
Short-term budgets are usually prepared for a period of one year or less, and they provide management with a detailed plan of expected income and expenses for that period. By comparing actual performance with the budgeted amounts, management can identify any deviations and take corrective action to get back on track.
Short-term budgets also help in identifying areas of inefficiencies or opportunities for improvement, allowing management to make timely adjustments to the budget and operations.
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the paper money used in the united states is select an answer and submit. for keyboard navigation, use the up/down arrow keys to select an answer. a national bank notes. b treasury notes. c united states notes. d federal reserve notes
Answers
The paper money used in the United States is primarily composed of Federal Reserve Notes.
These notes are issued by the Federal Reserve, which is the central banking system of the United States.
Federal Reserve Notes are used in everyday transactions, such as purchasing goods and services, and are accepted by virtually all businesses in the country.
However, there have been other types of paper money used in the past, such as national bank notes, treasury notes, and United States notes.
National bank notes were issued by individual banks before the establishment of the Federal Reserve, while treasury notes were used during times of war to help finance military efforts.
United States notes, also known as Legal Tender notes, were issued during the Civil War and were intended to help finance the war effort as well.
Overall, while there have been various types of paper money used in the United States throughout history, Federal Reserve Notes remain the most common and widely accepted form of currency today.
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Culinary Solutions Inc. manufactures cooking and baking equipment and has its base in the country of Vandevar. It has approximately 300 stores across the country and is already active in three foreign countries. It attempts to establish itself in the country of Balalaika, and uses its low-cost strategy to do so. However, due to the additional costs associated with training, coordinating across geographic distances, and other costs associated with doing business in an unfamiliar cultural and economic environment, Culinary Solutions Inc. incurs huge financial losses in Balalaika. In this scenario, Culinary Solutions Inc.'s failure to establish itself successfully in Balalaika occurs most likely because
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lol look at this
PLSSS HELP PLSS HELP
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On January 1, the first day of the fiscal year, a company issues a $1,450,000, 5%, five-year bond that pays semiannual interest of $36,250 ($1,450,000 × 5% × ½), receiving cash of $1,408,720.
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Complete Question:
On January 1, the first day of the fiscal year, a company issues a $1,450,000, 5%, five-year bond that pays semiannual interest of $36,250 ($1,450,000 × 5% × ½), receiving cash of $1,408,720
Journalize the first interest payment and the amortization of the related bond discount using the Straight line method
Answer:
Kindly check Explanation
Explanation:
Given the following :
Face value of bond issued = $1,450,000
Cash received on Issuance = $1,408,720
Number of Interest payment on bond = 5 × 2 = 10(semiannual)
Therefore, discount on bond :
$(1,450,000 - 1,408,720) = $41,280
Spreading or amortizing diacou t on bond over the bond duration (use te straight line method)
Discount / period
$41,280 / 10 = $4,128
Interest expense a/c Dr $40,378
To discount on bond payable a/c Cr $4128
To cash a/c $36,250
a major contribution that taylor made to the study of management was ________.
Answers
A major contribution that Frederick Taylor made to the study of management was the development of scientific management. Taylor's approach, often referred to as Taylorism, aimed to improve productivity and efficiency by scientifically analyzing work processes and optimizing them for maximum output.
Taylor emphasized the following principles:
Taylor advocated for careful observation and analysis of work tasks to identify the most efficient methods. This involved breaking down complex tasks into smaller, manageable components. Taylor introduced time and motion studies to determine the most efficient way to perform tasks. By studying each movement and eliminating unnecessary motions, time and effort could be saved. Taylor emphasized the importance of standardizing work methods and processes to achieve consistency and efficiency. Standardization helped in establishing best practices and reducing variability.
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B13) Consider the following text: "Consumer price inflation has accelerated sharply in the US during the past year from 2.6% in March 2021 to 7.9% in February - a 40-year high - on the back of supply chain and logistics problems, plus wage pressure after huge fiscal and monetary policy stimuli to keep the country running during the pandemic. This week the Federal Reserve finally responded with its first rise in the funds rate since 2018, a 25 basis points increase that it has signalled will be one of several during the coming months. This raises the target range for its key rates from 0.25% to 0.5%, while the other monetary policy stimulus, namely asset purchases, is being withdrawn." Source: Euromoney Country Risk, 28 Mar, 2022 Apply what you have learned in this module and analyze the effects of the "huge fiscal and monetary policy stimuli to keep the country running during the pandemic". Do you think it worked? Why would this cause "wage pressure"? (20 marks)
Answers
The huge fiscal and monetary policy stimuli implemented to keep the country running during the pandemic had both positive and negative effects. While it helped in supporting the economy and preventing a more severe downturn, it also led to wage pressure and contributed to a sharp increase in consumer price inflation.
The fiscal and monetary policy stimuli referred to in the text aimed to provide economic support during the pandemic. These measures typically involve government spending, tax cuts, and monetary policy actions by the central bank.
Positive effects of the stimuli:
Economic support: The fiscal stimulus, such as increased government spending and tax cuts, helped stimulate economic activity and mitigate the negative impact of the pandemic-induced recession. It provided financial relief to individuals, supported businesses, and boosted overall demand.
Preventing a more severe downturn: By injecting liquidity into the financial system, the monetary policy stimulus helped stabilize financial markets and prevent a deeper economic contraction. Lower interest rates and asset purchases aimed to encourage borrowing, investment, and lending, supporting economic recovery.
Negative effects of the stimuli:
Wage pressure: The large-scale fiscal and monetary stimuli increased the money supply and overall demand in the economy. As businesses faced increased demand and struggled to meet supply chain and logistics challenges, they experienced labor shortages. This led to increased competition for workers, resulting in wage pressure as employers offered higher wages to attract and retain employees.
Inflationary pressures: The expansionary fiscal and monetary policies increased the money supply and overall demand in the economy, which contributed to inflationary pressures. In the given text, it is mentioned that consumer price inflation accelerated sharply, reaching a 40-year high. Supply chain and logistics problems further exacerbated the inflationary pressures, causing prices to rise.
The huge fiscal and monetary policy stimuli implemented during the pandemic had a mixed impact. While they successfully supported the economy and prevented a more severe downturn, they also led to wage pressure and a significant increase in consumer price inflation. These effects highlight the complex trade-offs associated with such policies and the need for careful monitoring and adjustment to ensure sustainable economic growth and stability.
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4. Should the revelation that Tucker's chief financial officer had been convicted of
embezzlement affect the assessment of Tucker? Why or Why not?
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Yes, since if word got out that Tucker's senior economic officer had been found guilty of theft, it would undoubtedly change how Tucker was viewed.
What is the meaning of finance?The process of securing financing for all kinds of expenses is referred to as finance. It comprises distributing different financial resources, including as credit, leases, and investment capital, to the businesses that can make the most use of them.
On the other hand, even if the theft occurred before the individual worked for Tucker and the company was unaware of a criminal record, this could still be harmful to the hiring and screening processes at Tucker. If the corruption conviction was made public, it would definitely affect how people view Tucker as a company and cast doubt on its morals, management philosophy, and financial stability.
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Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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How do trade agreements of international organizations affect trade? by incentivizing the development of trade policies by eliminating tariffs and taxes on imports and exports by encouraging countries to provide open access to trade by helping smaller countries compete in the world market
Answers
A trade agreement (sometimes known as a trade pact) is a comprehensive tax, tariff, and trade treaty that frequently contains investment guarantees.
What are the benefits of international trade and agreement?Some of the advantages of a trade agreement include reduced tariff barriers, increased exports, economies of scale, increased competition, use of surplus raw materials, and so on. These are some of the benefits gained by international traders as a result of trade agreements.
Thus Option C is correct about the trade agreement.
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Answer:
How do trade agreements of international organizations affect trade?
by incentivizing the development of trade policies
by eliminating tariffs and taxes on imports and exports
by encouraging countries to provide open access to trade The answer
by helping smaller countries compete in the world market
A team member can become distracted by a work or personal problem that prevents him or her from following through on commitments made to the team. This team member is best described as a(n): absentee member. social loafer. procrastinator. arbitrator.
Answers
Answer:
absentee member.
Explanation:
A team member can become distracted by a work or personal problem that prevents him or her from following through on commitments made to the team. This team member is best described as an absentee member because it is safe to say that he didn't contribute anything to the team, as opposed to his or her promises or requirement to be supportive.
Select the correct answer.
Job opportunities for dietitians are expected to grow this decade.
A. True
B. False
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A large customer owing million for products it already received declared bankruptcy, leaving no possibility that Global would ever receive payment. (Select the best choice below.) A. Accounts receivable would decrease by million, and the book value of equity would increase by the same amount. B. Accounts receivable would increase by million, as would the book value of equity. C. Accounts receivable would increase by million, and the book value of equity would decrease by the same amount. D. Accounts receivable would decrease by million, as would the book value of equity.
Answers
Answer:
D. Accounts receivable would decrease by million, as would the book value of equity.
Explanation:
Accounts receivable is a record of payments that a business has not received from its customers for goods and services given.
When payment is eventually made the revenue account is credited and accounts receivable reduces.
If however there is no possibility of receiving payment, the amount is moved from accounts receivable to allowance for doubtful accounts.
This is recognised as a loss.
So accounts receivable would decrease by million, as would the book value of equity.
A large retail advertiser with more than 5,000 products wants to upsell to consumers who have purchased products on its website. The retailer needs to reach customers who viewed products on the website and did NOT purchase any product. The retailer wants to dynamically retarget this audience. Which objective should be selected when setting up this campaign & why?
Answers
Answer: Catalog sales
Explanation:
Based on the information given, the objective that should be selected when setting up this campaign is catalog sales.
Catalog sakes refers to the sales technique that is used by businesses whereby several items are grouped together together in the online store, and the consumers then buys directly online by using the information that were provided in the catalog.
This can be used to upsell to the consumers who have purchased products on its website.
You have just bought a lot of software for your new business. It is accounting software, anti-virus software, office software and human resource software, you expect to have your business up and running in the next month. All software was bough standard, off the shelf. While referring to BOTH Nick Carr and Michael Porter explain what their thoughts might be regarding whether this software gives your business a competitive advantage.
Answers
Nick Carr, known for his argument on "IT Doesn't Matter," suggests that information technology, including software, has become commoditized and widely available to all businesses.
According to Carr, using standard, off-the-shelf software does not provide a significant competitive advantage since it is easily accessible to competitors as well. He believes that technology investments should be focused on efficiency and cost reduction rather than seeking a competitive edge.
Michael Porter, a renowned strategist, emphasizes the importance of creating a competitive advantage through differentiation or cost leadership.
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10. What influences consumer purchasing behaviors? (5 points)
Answers
Answer:
trends, the buyers personality, and other peoples influence
Explanation:
one of the consequences of not being in the eu led norway in 2011 to experience a butter crisis where prices of butter shot up to $75 due to various domestic issues. norway not having membership in the eu forced the country to pay __________ to import butter stopping the crisis?
Answers
Due to Norway's lack of eu membership, the country was forced to pay 26 kroner per kilo, or about $2 per pound as tariff, to import butter in order to end the crisis.
What is a crisis?An dangerous and unstable situation that will (or could) affect a specific person, a particular group, or the entire community is referred to as a crisis. Crises are unfavorable changes in human or environmental situations, particularly when they happen suddenly and without much or any notice.
What effects does a crisis have?In times of crisis, people frequently experience more strange bodily symptoms. Some people have physical symptoms from stress, including headache, muscle aches, stomach disturbances, and low-grade fevers.
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