Answers
Answer:
Goal congruence refers to the alignment of goals between different levels and functions within an organization. When there is goal congruence, the goals of each individual, department, and level of the organization are consistent with the overall objectives of the organization. Here are six benefits of goal congruence:
1. Alignment: Goal congruence ensures that all employees and departments are working towards the same objectives. This alignment enables the organization to achieve its goals more efficiently and effectively.
2. Coordination: When everyone is working towards the same goals, it becomes easier to coordinate activities across departments and functions. This reduces duplication of efforts and enhances productivity.
3. Motivation: When employees understand how their individual goals contribute to the overall objectives of the organization, they are more motivated to achieve those goals. This increases employee engagement and reduces turnover.
4. Clarity: Goal congruence provides clarity regarding the objectives of the organization. This clarity helps employees to prioritize their work and make better decisions.
5. Communication: Goal congruence requires effective communication between different levels and functions of the organization. This communication enhances collaboration and promotes knowledge sharing.
6. Accountability: When goals are aligned, it is easier to hold individuals and departments accountable for their performance. This accountability ensures that everyone is working towards the same objectives and helps to identify areas where improvement is needed.
Explanation:
2. Enhanced motivation: When employees understand how their individual goals contribute to the organization's success, they become more motivated to work towards achieving them. This results in higher job satisfaction and productivity.
3. Clearer direction: Goal congruence helps employees understand what they need to do to contribute to the
organization's success. This clarity of direction can reduce ambiguity, confusion, and conflict within the
organization.
4. Greater accountability: When employees are clear about how their individual goals contribute to the organization's success, they are more likely to take ownership of their work and be accountable for their results.
5. Improved decision-making: Goal congruence helps employees make better decisions by providing them with a framework for evaluating their choices. They can consider how their decisions will impact the organization's goals and make choices that align with these objectives.
6. Higher organizational performance:
When individual goals are aligned with the organization's goals, it becomes easier to achieve the desired results.
This can lead to higher organizational performance, increased profitability, and greater success in achieving strategic objectives.
Related Questions
The difference between the lower class limits of adjacent classes provides?
Answers
Answer:
C
Explanation:
Deposits of $1,530 each were received for advance tour reservations from 10 school groups. At November 30, all of these
deposits have been earned.
Answers
The basic economic questions that any provider of goods must ask are:
• What will be produced?
• Who will produce it?
• For whom will it be produced?
In which type of economy are these decisions made solely by the
government?
A. Mixed
B. Free
C. Command
D. Traditional
Answers
Answer:
C. Command
Explanation:
In a command economy, the government owns and controls all the factors of production. All the factors of production are owned and controlled by the government. The government does all the productions through its agencies.
The government prepares central economic plans that guide the country's economic activities. The central plans indicate what goods and services will be produced, their quantities, and prices. The plans also dictate how distributions will be done in the country.
Rosario Department Store uses a perpetual inventory system. Data for product
E2-D2 includes the following purchases.
Number of Units 50
Unit Price $10 $30
May 7
July 28
On June 1, Rosario sold 26 units, and on August 27, 40 more units. Prepare the perpetual
inventory schedule for the above transactions using (a) FIFO, (b) LIFO, and (c) moving-average
Answers
The perpetual inventory schedule using FIFO shows a balance of 64 units and a cost of goods sold of $660, using LIFO shows a balance of 64 units and a cost of goods sold of $1,980, and using the moving-average method shows a balance of 64 units and a cost of goods sold of $1,320.
To prepare the perpetual inventory schedule using FIFO, LIFO, and moving-average, we need to track the purchases, sales, and remaining inventory for the product E2-D2. Let's calculate the inventory schedule for each method:
(a) FIFO (First-In, First-Out):
Using the FIFO method, we assume that the first units purchased are the first ones sold. The perpetual inventory schedule is as follows:
Date Purchases Sales Balance Cost of Goods Sold
May 7 50 units -
June 1 26 units 24 units $10/unit * 26 = $260
July 28 - 24 units -
August 27 40 units 64 units $10/unit * 40 = $400
The balance at the end of August 27 is 64 units, and the cost of goods sold is $260 + $400 = $660.
(b) LIFO (Last-In, First-Out):
Using the LIFO method, we assume that the last units purchased are the first ones sold. The perpetual inventory schedule is as follows:
Date Purchases Sales Balance Cost of Goods Sold
May 7 50 units -
June 1 26 units 24 units $30/unit * 26 = $780
July 28 - 24 units -
August 27 40 units 64 units $30/unit * 40 = $1,200
The balance at the end of August 27 is 64 units, and the cost of goods sold is $780 + $1,200 = $1,980.
(c) Moving-Average:
Using the moving-average method, we calculate the average cost per unit based on all purchases. The perpetual inventory schedule is as follows:
Date Purchases Sales Balance Cost of Goods Sold
May 7 50 units -
June 1 26 units 24 units $20/unit * 26 = $520
July 28 - 24 units -
August 27 40 units 64 units $20/unit * 40 = $800
The balance at the end of August 27 is 64 units, and the cost of goods sold is $520 + $800 = $1,320.
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how the consumer motivated to purchase product. what are the critaria and decision making
Answers
Answer:
In plain terms, the consumer motivation is the set of cognitive factors driving a customer's determination to make a single sale. The payment is the ultimate product of a "Purchaser's Process" scheme, a three-stage mechanism consisting of:
1.Awareness.
2.Interest.
Determination
Use the diagram below to answer the following questions. Assume an initial market price of $5.
a. Identify the initial area of producer surplus (PS1) when the market price is $5. Next, assume that demand decreases and the market price falls to $4. Draw the new demand curve and then identify the new area of producer surplus (PS2).
Instructions: (1) Use the tool provided 'PS1' to identify the initial area of producer surplus. This will drop a small triangle with three endpoints onto the graph. Drag the endpoints to the appropriate position to identify the initial area of producer surplus. (2) Then use the tool provided 'D2' to draw the new demand curve. (3) Use the tool provided 'PS2' and follow the same process as above to identify the second area of producer surplus.
b. As a result of the lower price, producer surplus
falls by more than $40
rises by less than $40
rises by more than $40
falls by less than $40
Answers
It is to be noted that the area of producer surplus (PS1) when the market price is $5. is indicated in the attached graph. The new demand curve and the new area of producer surplus are also drawn and identified therefin.
As a result of the lower price, the producer surplus is: fallen by less than $40.
What is producer surplus?The difference between the amount the producer is willing to supply items for and the actual amount he obtains when he does the deal is known as producer surplus. Producer surplus is a metric of producer well-being.
The computation for the producer surplus is give as follows:
For PS1 = 0.5 (9-5)(40)
= $80
PS2 = 0.5(7-4)(30)
=$45
Hence,
Fall in Producer surplus = $80-$45
PS = $35
Thus, it is correct to state that PS < $40.
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Should a Female with the same Qualifications as a Man, if selected for an Executive Position formerly held by a man, be paid the same salary as her counterpart prior to her?
Answers
Answer:
Explanation:
Unions have long fought for the idea that a person is paid for the tasks he must do in order to be compensated.
It's the job not the gender that is important. A day's work is worth a day's pay.
I can't think of any exceptions to that rule.
Recommended methods to protect yourself from identity
theft and fraud include____
Answers
A. Placing a credit freeze with the credit bureaus is the correct answer.
Answer:
A. Placing a credit freeze with the credit bureaus is the correct answer.
Explanation:
mark please
QUESTION TWO (30 MARKS)
The accountant of Richfield Pty Ltd did not provide for the depreciation on non-current assets in the current financial year. He approached you to assist her in calculating the depreciation and with the disclosure of property, plant and equipment in the financial statements for the year ended 30 June 2018.
The following balances were extracted from the records of Richfield Pty Ltd on 30 June 2018
Machinery at cost R660 000
Accumulated depreciation on machinery R131 250
Vehicles at cost R360 000
Accumulated depreciation on vehicles R21 600
Equipment at cost R480 000
Accumulated depreciation on equipment R70 000
Additional information.
1. A manufacturing machine was purchased on 31 July 2016 at a cost of R660 000. The estimated production capacity of the machine is 180 000 units over the useful life of the machine. The estimated residual value at the end of its useful life is R30 000. During the financial year, 42 000 units (2017: 37 500 units) were manufactured by the machine.
2. Depreciation on vehicles is provided at 30% per annum on the carrying amount method. A new vehicle with a cost of R216 000 was purchased on 31 August 2017 and correctly recorded. The other vehicles were purchased on 1 January 2017.
3. Equipment with an estimated economic useful life of six years was depreciated using straight-line method. New equipment with a cost of R120 000 was purchased on 1 April 2018 and is included in the balance on 30 June 2018. The other equipment was purchased on 1 May 2016.
REQUIRED: Disclose property, plant and equipment on the statement of financial position and in the notes to the financial statements of Richfield Pty Ltd on 30
Answers
The disclosures of property, plant, and equipment on the statement of financial position and in the notes to the financial statements of Richfield Pty Ltd on 30 June 2018 are as follows:
Statement of Financial PositionProperty, Plant, and Equipment:
Machinery at cost R660,000
Accumulated depreciation on machinery R278,250 R381,750
Vehicles at cost R360,000
Accumulated depreciation on vehicles R129,600 R230,400
Equipment at cost R480 000
Accumulated depreciation on equipment R145,000 R335,000
Notes to the Financial StatementsProperty, Plant, and Equipment:
Cost Depreciation Accumulated Ending
Expenses Depreciation Balance
Machinery R660,000 R147,000 R278,250 R381,750
Vehicles R360,000 R108,000 R129,600 R230,400
Equipment R480 000 R75,000 R145,000 R335,000
Data and Calculations:Richfield Pty Ltd on 30 June 2018
Machinery at cost R660 000
Accumulated depreciation on machinery R131 250
Vehicles at cost R360 000
Accumulated depreciation on vehicles R21 600
Equipment at cost R480 000
Accumulated depreciation on equipment R70 000
1) Machinery:Cost = R660,000
Residual value = R30,000
Depreciable amount = R630,000
Depreciation Expenses for the year = R147,000 (R630,000 x 42,000/180,000)
2) Vehicle:Cost = R360,000
Depreciation Expenses = R108,000 (R360,000 x 30%)
3) Equipment:Old Equipment's Depreciation Expense = R60,000 (R360,000/6)
New Equipment's Depreciation Expense = R15,000 (R120,000/6 x 9/12)
Total Equipment's Depreciation Expenses = $75,000
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At year-end, ABC Company is completing its closing process. Use the following account balances to demonstrate the closing of the Dividends account.
Account Debit Credit Consulting Fees $5,000
Rental Revenue $2,000
Wages Expense $700
Rent Expense $1,900
Dividends $500
A debit Income Summary for $500.
Credit Dividends for $500.
Credit Retained Earnings $500
Debit Dividends for $500.
A credit Income Summary for $500.
Debit Retained Earnings $500.
Answers
Answer:
Debit Retained Earnings $500.Credit Dividends for $500.Explanation:
Dividends are payments to shareholders as a means of sharing company profits to them.
As they are a means of sharing profits, they will be paid from the Retained Earnings account. As this is an Equity account, it should be debited when it is to be reduced so Retained Earnings will be debited by $500 which is the dividend amount.
The dividend account will be credited to indicate that this is a debt that needs to be paid to shareholders so the Dividends account will be credited by $500.
Changes in the market environment impact _____
how competitive the marketplace is
how many offerings are available
how many marketing communication channels are used
how consumers behave
Answers
Changes in the market environment impact how competitive the marketplace is, how many offerings are available, how many marketing communication channels are used, and how consumers behave.
Aspects of the business landscape are significantly impacted by changes in the market environment. First and foremost, they have an impact on the level of market competition because changes in variables like technology, rules, and consumer preferences can affect how businesses compete with one another.
Changes in the market environment can also have an impact on the variety and range of goods and services that are offered to customers. New technologies and trends have an impact on how businesses communicate with their target audiences through marketing channels. Last but not least changes in the market environment such as those in the economy in social trends and in technological advancements have a significant impact on consumer behavior causing changes in buying patterns and preferences.
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'professionally managed and centrally coordinated marketing channels designed to achieve channel economies and maximum marketing impact are referred to as
Answers
In order to achieve channel economies and the most possible marketing impact, vertical marketing systems—professionally managed and centrally coordinated marketing channels—were developed.
What do you mean by vertical marketing system in terms of marketing?A vertical marketing system is produced when wholesalers, retailers, and manufacturers all collaborate to meet the needs of their customers. It makes it possible for one company to have complete control over the production and distribution of a thing.
A vertical marketing system's ability to act as a system is one of its advantages.The main advantage of VMS is that it allows your company total control over all facets of developing and promoting a product. By being able to see the larger picture, anticipate problems, and make changes as needed, doing this increases your efficiency.
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What are three ways to increase productivity?
Answers
What is one benefit of buying bonds? a. bonds provide monthly interest payments to investors., b. bonds guarantee the investor will be repaid the bond's principal., c. bonds rise and fall less dramatically than stocks., Bonds offer a higher rate of return than stocks.
Answers
Bonds provide investors with a stable, predictable source of income. Bonds typically pay a fixed rate of interest until the bond matures, when the investor is repaid the bond's principal.
What is investors?Investors are individuals or organizations that provide capital to businesses, organizations, and governments in exchange for financial or other returns. These entities often take on large amounts of risk in order to achieve higher returns than those available from traditional forms of investments such as stocks and bonds. Investors can be categorized as either passive or active, depending on their level of involvement in the investment decision-making process.
This makes bonds an attractive investment for those looking for steady, reliable returns over time. Bonds also tend to be less volatile than stocks, meaning they don't rise and fall as dramatically. As such, they are generally seen as a safer investment than stocks. Finally, bonds typically offer higher rates of return than stocks, making them an attractive choice for those looking to maximize their returns.
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How can you begin applying your knowledge of Fiscal Policy with, stabilizing and/or corrective capabilities, to the current political dialog among the many elected Public officials, as well as those who are seeking election, at the Federal and State Levels, who are expressing their Macroeconomic ideas that are thought to be the only possible policy cures that will actually redirect and strengthen the recovery of the U.S. economy?
Answers
Federal and State Levels, are the expressing the recovery of the U.S. economy are the economic growth, and the wages and prices, and the employment.
What is economy?
The mechanism through which a nation or region organizes its money, industry, and trade is concerned to as its “economy.” The economy is the important part of the country. The primary sector of the economy is the industrial sector and agriculture sector.
According to the Federal and State Levels, there are the express the recovery of the U.S. the employment are the created the wages and the economy of the economic growth.
As a result, in the Federal and State Levels, are the expressing the recovery of the U.S. economy are the economic growth, and the wages and prices, and the employment.
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Recommend further strategies companies in South Africa may use to protect the environment
Answers
Strategies companies in South Africa may use to protect the environment -
1-Provide Filtered Water
If you take a look around your workplace, probabilities are you’ll see a beverage on each desk. For a lot of today’s younger workers, water is the beverage of choice. However plastic water bottles take hundreds of years to completely decompose if they make their manner to landfills. sure, you may provide recycling containers, however the three rules of shielding the environment are, so as, reduce, reuse, and recycle. problem a reusable cup to each new employee for the duration of onboarding.
2-Reduce Paper Waste
Business have made great strides in recent years toward going paperless. but, most places of work nonetheless have a distance to head. if you still rely upon paper-primarily based methods, you can scare off millennials who prefer everything to be carried out electronically. encourage body of workers now not to print e-mail and draft files, providing the ability to send documents to non-public devices if that makes digital evaluation less difficult.
3-Switch to LED Lightbulbs
If you’ve shopped for lightbulbs lately, you’ve probable observed how complicated the selections have become. even though the federal government mandated all lightbulbs emerge as more electricity green, a few are higher at that activity than others. you can conserve power — reducing your utility bills and protective the environment — via switching each bulb to your building.
4-Allow Telecommuting
Telecommuting will help your commercial enterprise appeal to millennials on a couple of ranges. more youthful professionals have said a clean preference for bendy paintings preparations, including being allowed to work at home as a minimum a part of the time.
5-Improve Air Quality with Indoor Plants
Few companies fill their workplace spaces with plant life, however they are able to dramatically enhance the aesthetics. sure, employees can convey in their very own plant life, however seeing that open-plan places of work have end up extra established, people now can see beyond their own desks.
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Application of Forensic Accounting Concepts
Complete Case 21 & 28. Refer to the Case in the textbook for detailed instructions.
Answers
Answer:
An essential step in the incident response process is digital forensics. In order for law enforcement to use the information about a criminal incident, forensic investigators must identify and document it.
What is Digital Forensics?
In a court of law, rules and regulations governing this procedure are frequently crucial in demonstrating guilt or innocence. A person who is motivated to follow the trail of evidence and virtually solve a crime is a digital forensics investigator.
In this case, a computer forensic analyst would be called in to assess how attackers got onto the network, how they moved around it, and what they did there, including whether they stole data or installed malware.
In similar situations, a digital forensic investigator's job is to recover information such as documents, images, and emails from computer hard disks and other data storage devices, like zip and flash drives, that has been lost, destroyed, or in some other way altered.
Therefore, An essential step in the incident response process is digital forensics. In order for law enforcement to use the information about a criminal incident, forensic investigators must identify and document it.
Explanation:
Explain link between creativity, innovation and entrepreneurship, and outline the steps for screening opportunities
Answers
Creativity, innovation, and entrepreneurship are interconnected and essential for driving economic growth. When screening opportunities, aspiring entrepreneurs should engage in creative idea generation, evaluate market potential, conduct thorough research,
Creativity refers to the generation of novel and valuable ideas, while innovation involves turning those ideas into practical solutions.
Entrepreneurship, on the other hand, is the process of identifying and pursuing opportunities, mobilizing resources, and taking risks to create and manage a successful venture. The link between these three concepts lies in their mutually reinforcing nature. Creativity fuels innovation by providing the initial spark for new ideas and perspectives.
Innovation, in turn, serves as a platform for entrepreneurial endeavors, as it creates opportunities for commercialization and market disruption. Entrepreneurship then takes these innovative ideas and transforms them into tangible products, services, or businesses that generate value and drive economic growth.
When screening opportunities, aspiring entrepreneurs can follow a systematic approach:
Idea Generation: Encourage and engage in creative thinking to generate a pool of potential opportunities.
Opportunity Evaluation: Assess the feasibility, market potential, and competitive landscape of each idea.
Market Research: Conduct thorough research to understand target customers, their needs, and existing solutions.
Resource Assessment: Evaluate the resources required to pursue the opportunity, including financial, human, and technological aspects.
Risk Analysis: Identify and evaluate potential risks and uncertainties associated with each opportunity.
Business Model Development: Formulate a clear and viable business model that outlines how the opportunity will be monetized.
Prototype and Testing: Develop prototypes or minimum viable products to gather feedback and validate the opportunity.
Financial Analysis: Conduct a comprehensive financial analysis to determine the potential profitability and sustainability of the opportunity.
Decision-making: Prioritize and select the most promising opportunities based on the evaluation and analysis.
Implementation and Execution: Develop an action plan and execute it effectively, leveraging creativity, innovation, and entrepreneurial skills.
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Ross Martin arrived at the following tax information:Tax information:
Gross Salary. $59,045
Interest Earnings. $305
Dividend Income. $265
Stamdard deductions. $12,000
Itemized deductions. $11,450
Adjustments to Income. $2,200
What amount would Ross report as taxable income?
Answers
Answer:
$33,965
Explanation:
Calculation to determine What amount would Ross report as taxable income
Using this formula
Taxable income =Gross Salary+Dividend Income+Interest Earnings-Adjustments to Income-Itemized deductions-Standard deductions
Let plug in the formula
Taxable income = $59,045 + $265+ $305 − $2,200 − $11,450 − $12,000
Taxable income= $33,965
Therefore The amount that Ross would report as taxable income is $33,965
Hyde Boats purchased machinery on January 1 at a list price of $295,000, with credit terms 3/10, n/30. Payment was made within the discount period. Hyde Boats paid $17,700 sales tax on the machinery, and paid installation charges of $3,900. Hyde Boats also paid $15,900 to pour a concrete base that was necessary to place the machinery in service.
What is the total cost of the new machinery?
A. $332.500
B. $323.650
C. $307.750
D. $319.750
Answers
Answer:
Total purchase price= $323,650
Explanation:
Giving the following information:
Purchase price= $295,000
Installation= $3,900
Concrete for installation= $15,900
The total cost of the machine includes the purchase price and all costs required to put it into operation. Taxes are part of the purchase cost.
First, we need to calculate the net cash discount:
Net discount= 295,000 * 0.03= $8,850
Now, the total purchase price:
Total purchase price= (295,000 - 8,850) + 17,700 + 3,900 + 15,900
Total purchase price= $323,650
Steps in the accounting process
Answers
Answer:
Identifying transaction.
Record transaction in a journal
Posting
Unadjusted trail balanced.
Worksheets
Adjusting journal entries.
Financial statements
Closing book.
Explanation:
Hope i helped u carry on learning have a nice day
Step 1: Identify Transactions. ...
Step 2: Record Transactions in a Journal. ...
Step 3: Posting. ...
Step 4: Unadjusted Trial Balance. ...
Step 5: Worksheet. ...
Step 6: Adjusting Journal Entries. ...
Step 7: Financial Statements. ...
Step 8: Closing the Books.
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Lay Outline, the advankage of income and expenditure account as amporal with recephe and payment accounts Clonks)
Answers
Answer:
One of the major advantage of this account that it helps the concern to know about its revenues. It gives the concern about their past records and the current trends. Moreover, it will provide the concern relevant information for their futuristic course of action.
Explanation:
Plot the production possibilities table to make a production possibilities curve. Place defense on the vertical axis and social welfare on the horizontal. The resulting curve is called a frontier.
Answers
The production possibility curve is an important economic graph because its demonstrates the maximum possible output of goods given a set amount of resources.
What is a production possibility curve?The production possibilities curve refers to a graph or economic model that shows the maximum combinations of goods and services such as any two categories of goods that can be produced from a fixed amount of resources.
In essence, the frontiers of the curve illustrates the possible quantities that can be produced of two products if both depend upon the same finite resource for their manufacture. In conclusion, it is an important economic graph because its demonstrates the maximum possible output of goods given a set amount of resources.
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in a market characterized by monopolistic competition, firms often use non-price competition to increase sales. which of the following is not a form of non-price competition?
Answers
in a market characterized by monopolistic competition discounts is not a form of non-price competition.
Monopolistic competition, a type of imperfect competition, sets several producers against one another while still delivering goods that can be differentiated from one another (for instance, by branding or quality) and are therefore not exact substitutes. In monopolistic competition, a company disregards how the prices established by its rivals would effect its own prices and accepts the prices set by those rivals as given. If this happens in the face of a forceful government, monopolistic competition will transform into a government-granted monopoly. The company maintains more capacity in contrast to the ideal competition. Monopolistic competition models are commonly used in industry models. Some examples of industries with market structures that resemble the monopolistic rivalry from textbooks are restaurants, cereals, clothing, shoes, and service sectors in large cities.
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Complete question is here:
in a market characterized by monopolistic competition, firms often use non-price competition to increase sales. which of the following is not a form of non-price competition?
A)perfect competition
B) oligopoly
C) Discounts
D)is unique
When contesting enforcement actions, you have ___ days to request a conference with a MSHA District Manager if you disagree.
Answers
When contesting enforcement actions, you have 10 days to request a conference with an MSHA District Manager if you disagree.
What is MSHA?MSHA is an acronym for Mine Safety and Health Administration which works to provide safety and healthy environment to US miners who are at the workplace by ensuring better safety features to avoid any kind of accidents or injuries.
Enforcement action is referred to as the action of implementation applied to any initiative taken by the department. It ensures that one has 10 days to request for a meeting if you disagree with the proposal. This meeting will be conducted with the district manager who handles the operations.
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Nair Corp. enters into a contract with a customer to build an apartment building for $1,000,000. The customer hopes to rent apartments at the beginning of the school year and provides a performance bonus of $150,000 to be paid if the building is ready for rental beginning August 1, 2021. The bonus is reduced by $50,000 each week that completion is delayed. Nair commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes:
Completed by Probability
August 1, 2015 70%
August 8, 2015 20
August 15, 2015 5
After August 15, 2015 5
Required:
Determine the transaction price for this contract.
Answers
The determination of the transaction price for this contract for Nair Corp. is as follows:
Completed by Probability:
Date Probability Bonus/Penalty Outcome
August 1, 2015 70% $150,000 $105,000 ($150,000 x 70%)
August 8, 2015 20% $50,000 -10,000
August 15, 2015 5% $50,000 -2,500
After August 15, 2015 5% $50,000 -2,500
Total expected value of performance bonus = $135,000
Contract value = $1,000,000
Total transaction price = $1,135,000 ($1,000,000 + $135,000).
What is a transaction price?A transaction price is the amount of consideration expected to be paid or received for the exchange of goods or services.
A transaction price can vary based on timing or performance factors.
Data and Calculations:Contract value = $1,000,000
Performance bonus = $150,000
Penalty per week in performance bonus = $50,000
The total transaction price is $1,135,000.
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hich best explains how the law of demand affects consumers?
It helps consumers know when prices are going down.
It helps consumers know when prices are going up.
It helps consumers tell producers when prices are too high.
It helps consumers tell producers when to make new goods.
Answers
Answer:
It helps consumers tell producers when prices are too high.
Explanation:
The law of demand affirms that an increase in price results in reduced demand. It means that when prices increase, consumers will buy fewer quantities of a product or service. The law of demand shows the relationship between price and the quantity of a product consumers are willing to buy in the market.
Consumers can communicate with producers through the volume of products purchased. When the quantity purchased is low, producers will know the set prices are high.
Beverly Mills has decided to lease a hybrid car to save on gasoline expenses and to do her part to help keep the environment clean. The car she selected is available from only one dealer in the local area, but that dealer has several leasing options to accom-modate a variety of driving patterns. All the leases are for 3 years and require no money at the time of signing the lease. The first option has a monthly cost of $330, a total mileage allowance of 36,000 miles (an average of 12,000 miles per year), and a cost of $0.35 per mile for any miles over 36,000. The following table summarizes each of the three lease
options:
(See photos below)
Answers
Beverly Mills has three leasing options to choose from. Each of these options differs in terms of the monthly cost, the total mileage allowance, and the cost for any miles over the set mileage allowance. Depending on her driving patterns, Beverly Mills can select the option that suits her the best.
Beverly Mills decided to lease a hybrid car to save on gasoline expenses and to do her part to help keep the environment clean. The car she selected is available from only one dealer in the local area, but that dealer has several leasing options to accommodate a variety of driving patterns.All the leases are for 3 years and require no money at the time of signing the lease.
The three lease options available to Beverly Mills are as follows:
Option 1:Monthly cost: $330Total mileage allowance: 36,000 miles (an average of 12,000 miles per year)Cost for any miles over 36,000: $0.35 per mile
Option 2:Monthly cost: $460Total mileage allowance: 45,000 miles (an average of 15,000 miles per year)Cost for any miles over 45,000: $0.45 per mile
Option 3:Monthly cost: $540Total mileage allowance: 60,000 miles (an average of 20,000 miles per year)Cost for any miles over 60,000: $0.55 per mile
Therefore, Beverly Mills has three leasing options to choose from. Each of these options differs in terms of the monthly cost, the total mileage allowance, and the cost for any miles over the set mileage allowance. Depending on her driving patterns, Beverly Mills can select the option that suits her the best.
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With which approach to value does the appraiser analyze a property’s ability to earn future income?
Answers
The income approach is what the appraiser uses to analyze a property’s ability to earn future income.
What is the income approach?This is the term that is used to refer to the real estate valuation which is used to value a property based on the income that the particular property generates on the estimated fair value of that property.
Hence we can conclude that the The income approach is what the appraiser uses to analyze a property’s ability to earn future income.
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Explain all the reasons why a decrease in the price of a product would lead to an increase in purchases of the product?