Scenario 1: Arnold and Phil are the directors and shareholders of "RoadRange Pty Ltd". The company maintains a storage facility from where it supplies all the orders received for its broad range of motor vehicle parts. Two months ago, the company entered into a contract to supply a large quantity of their Catalytic Converters to a local vehicle manufacturer: Arnold and Phil were excited and ordered six additional shipments of the Converters from their overseas supplier and paid a large deposit. The shipping company which brings the Converters into Australia is now waiting for the balance of the payment. After the first delivery of the Converters to the local vehicle manufacturer, a defect is discovered in the catalytic Converters that renders them ineffective for their intended use and consequently the government puts a banning order on the sale of vehicles that contain the product. The local vehicle manufacturer cancels all further orders of Converters from RoadRange Pty Ltd. RoadRange Pty Ltd now has no future revenue; there are stocks of goods which cannot be sold. The shipping company needs to be paid. There are various other bills to the tax office, employees and others who have provided services and have yet to be paid.
Question: Explain who may appoint a voluntary administrator. When does Voluntary Administration commence and when does it end?
Answers
In the given scenario, RoadRange Pty Ltd, a company facing financial difficulties due to canceled orders and defective products, may appoint a voluntary administrator.
Voluntary administration commences when the directors, shareholders, or a liquidator believe that the company is insolvent or likely to become insolvent. It ends either through a deed of company arrangement, where a compromise or arrangement is reached with creditors, or by going into liquidation.
In the case of financial distress or insolvency, a company may choose to enter into voluntary administration as a means to resolve its financial issues and potentially avoid liquidation. The appointment of a voluntary administrator can be made by the directors, shareholders, or a liquidator if they believe the company is insolvent or likely to become insolvent.
Voluntary administration commences when the appointment of the voluntary administrator takes effect. The administrator takes control of the company's affairs, investigates its financial position, and proposes a course of action to creditors. During this period, the company is protected from legal action by its creditors, providing a window of opportunity to assess and potentially restructure its operations.
The voluntary administration process typically ends in one of two ways. Firstly, if the voluntary administrator and creditors agree on a deed of company arrangement (DOCA), which outlines a compromise or arrangement to address the company's debts and future operations. The DOCA needs to be approved by creditors and, if successful, the company continues to operate under the agreed terms.
Alternatively, if a DOCA cannot be reached or is not approved, the voluntary administration can end by the company going into liquidation. In liquidation, the company's assets are sold, and the proceeds are used to pay off its debts in a specific order of priority determined by insolvency laws.
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Good Morning! Make sure to eat something for breakfast, drink some water, Stay healthy, and take care of yourself :) I care about y'all!
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Help needed ASAP! Will give brainliest;) Try to help on my other questions:)
Entrepreneurs file a DBA document when using another name for their company. Why are DBA’s necessary?
A). DBA’s provide trademarking of the company logo.
B). DBA’s provide identification for taxes.
C). DBA’s are needed to open bank accounts.
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Indicate what impact the following transactions would have on the accounting equation, Assets = Liabilities + Equity. Transaction impact table Impact 1 Impact 2 Paid monthly note payment to bank Sold inventory on account Bought supplies, to be paid for next month Received cash from sales this month Paid for inventory purchased on account last month
Answers
Answer:
The impact of the transactions on the accounting equation, Assets = Liabilities + Equity, is as follows:
Paid monthly note payment to bank:
Impact 1: Assets (Cash) decreases
Impact 2: Liabilities (Bank Loan) decreases
Sold inventory on account:
Impact 1: Assets (Accounts Receivable) increases
Impact 2: Equity (Revenue) increases
Bought supplies, to be paid for next month:
Impact 1: Assets (Supplies) increases
Impact 2: Liabilities (Accounts Payable) increases
Received cash from sales this month:
Impact 1: Assets (Cash) increases
Impact 2: Equity (Revenue) increases
Paid for inventory purchased on account last month:
Impact 1: Assets (Cash) decreases
Impact 2: Liabilities (Accounts Payable) decreases
It is important to note that for each transaction, one side of the equation must increase and the other side must decrease in order to keep the equation in balance.
Explanation:
If Mimi and Elizabeth review information provided in customer comment cards to determine whether instructional quality has changed since the decision was made to expand workshop offerings, which step of the decision-making process is involved?
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Complete Question is as under:
The Maine Media Workshop is a hands-on, experiential workshop for individuals interested in film making and photography. The workshop program has grown significantly in recent years. The biggest challenge for managers of the program is getting instructors to commit. It is not uncommon for instructors to cancel their commitment hours before they are slated to teach.
If Mimi and Elizabeth review information provided in customer comment cards to determine whether instructional quality has changed since the decision was made to expand workshop offerings, which step of the decision-making process is involved?
A. Develop alternatives
B. Evaluate the alternatives
C. Following up and appraise results
D. Select the best alternative
Answer:
Option C. Following up and appraise results
Explanation:
The reason is that the Mimi and Elizabeth are reviewing the comments of the customers which are the valuable asset of the company. The customer feedback highlights what is the deficiency in the services. So when the customer answers the questions regarding the list of questions, his each suggestion is basically assessed which is following up and appraisal process. At this stage you value the suggestions of the customers and try to solve that issues and by doing so you also bring value to the company.
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for a large firm that produces and sells automobiles, which of the following costs would be fixed costs? (select all that apply) group of answer choices the rent that the firm pays for office space in a suburb of st. louis the unemployment insurance premium that the firm pays to the state of missouri, which is calculated based on the number of worker-hours that the firm uses. the cost of the steel that is used in producing automobiles the $100,00 payment that the firm pays each year for accounting services
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The fixed costs for the large firm that produces and sells automobiles are the rent for office space and the annual payment for accounting services, while the cost of steel and the unemployment insurance premium are variable costs.
Fixed costs are expenses that do not vary with the level of production or sales volume. They are incurred regardless of how much the company produces or sells. In the case of the large automobile firm, the rent for the office space in a suburb of St. Louis is a fixed cost since the company pays the same amount of rent regardless of how many cars it produces or sells. Similarly, the $100,000 payment that the firm pays each year for accounting services is a fixed cost, as the amount remains the same regardless of the production or sales volume. In contrast, variable costs are expenses that vary directly with the level of production or sales volume. In the case of the automobile firm, the cost of steel that is used in producing automobiles is a variable cost, as it increases with the production volume. The unemployment insurance premium that the firm pays to the state of Missouri based on the number of worker-hours that the firm uses is also a variable cost. It increases as the firm hires more workers or increases the number of work hours.
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A fee collected by a real estate agent upon the sale of a property is
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suppose the canadian government has decided to place an excise tax of $20 per tire on producers of automobile tires. excise taxes are also called sales or commodity taxes. previously, there was no excise tax on automobile tires. as a result of the excise tax, producers of tires, such as bridgestone and michelin, are going to alter their tire prices. the graph illustrates the demand and supply curves for automobile tires before the excise tax. please shift the appropriate curve or curves on the graph to demonstrate the new equilibrium.
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In order to determine the effect of the tax on the demand and supply graph, please check the attached image.
A tax is a form of transfer to wealth from businesses to the government. Taxes increase the price of goods and services. As a result of the tax levied on the producers of automobile tires, the cost of making tires would increase. This would make producing tires more expensive.
As a result of the increase in the cost of making tires, the production of tires would fall. As a result, there would be a leftward shift of the supply curve. This would lead to a rise in equilibrium price and a decrease in equilibrium quantity.
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which points of the production possibilities curve show a level of production that would be achievable only through further growth in the company
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Note that common contexts are listed toward the top, and less common contexts are listed toward the bottom. according to o*net, what are common work contexts for veterinarians? check all that apply. frequency of decision making pace determined by speed of equipment face-to-face discussions in an open vehicle or equipment freedom to make decisions spend time climbing ladders or scaffolds
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According to o*net, common work contexts for veterinarians include the following:
Frequency of decision making Face-to-face discussions Freedom to make decisions Who are veterinarians?Veterinarians are doctors that take care of animals. There are certain work conditions that guide the discharge of their duties. Some of these include the fact to face discussions with their clients. This might involve communicating facts about the health of their pets.
Also, they should be free to make important decisions as often as possible.
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Classify each of the following statements as positive or normative. Positive Normative Statement Firms can increase sales by lowering product prices. Lower tax rates encourage more work and more saving. Economic development should not take place at the expense of social Justice. Society should reduce pollution at all costs. A reduction in the rate of money growth will reduce the rate of inflation. Classify the following topics as relating to microeconomics or macroeconomics. Topic The relationship between the inflation rate and the unemployment rate The effect of minimum-wage law on unemployment The effect of government subsidies on the agricultural industry The effect of a change in price of one good on a related good A firm's decision about whether to continue production or to shut down Microeconomics Macroeconomics
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The statement is positive. The given statement is a fact and we can test it. When the statement is a fact and we can test it then the statement is a positive statement.
What is a positive vs normative statement?Normative statements are based on opinions or ethics—what someone believes should be. Positive statements, on the other hand, are testable, even if they may not necessarily be true. If the price of a product decreases, people's willingness to buy that product will increase.Positive statements are thus the opposite of normative statements. Positive statements are based on empirical evidence. For examples, "An increase in taxation will result in less consumption" and "A fall in supply of petrol will lead to an increase in its price".Normative statement refers to "what ought to be" or it offers advice. Hence reducing inequality should be a major priority for mixed economies is a normative statement.To learn more about positive vs normative refers to:
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Terrance lives in an area that is expensive, but he does not want to move. When looking at a career, what should Terrance consider? He should choose a career cluster that will allow him to support himself. He should pick a career that speaks to his heart and worry about the finances later. He should ask his family to help support him. He should not worry because he can dictate how much money he will earn.
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Answer:
He should choose a career cluster that will allow him to support himself.
Explanation:
The index model has been estimated for stocks A and B with the following results:
RA = 0.12 +0655RM + eA
RB-004 + 1488RM+ eB
σM-0315
σ(eA)-0.20
σ(eB)-0.10
What is the correlation coefficient between the two stocks?
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The correlation coefficient between the two stocks, A and B, can be calculated using the formula: Correlation Coefficient = Covariance of A and B / (Standard Deviation of A x Standard Deviation of B).
From the given information, we can see that the index model has been estimated for both stocks A and B. The model estimates the expected returns of the stocks based on the return of the market (RM) and the specific risk (eA and eB) associated with each stock.
Using the coefficients of the index model, we can calculate the covariance between the two stocks: Covariance of A and B = 0.655 x (-0.004) + (-0.2) x 0.1488 = -0.0115
We can also calculate the standard deviation of each stock using their specific risk coefficients:
Standard Deviation of A = 0.0315
Standard Deviation of B = 0.1488
Therefore, the correlation coefficient between the two stocks can be calculated as:
Correlation Coefficient = -0.0115 / (0.0315 x 0.1488) = -0.227
This means that there is a negative correlation between stocks A and B, indicating that when the return of stock A goes up, the return of stock B is likely to go down, and vice versa. However, this correlation is not very strong, as the coefficient is less than 1 in absolute value.
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if company z were to distribute all of its earnings, it could maintain a level dividend stream of $5 a share. how much is the market actually paying per share for growth opportunities?
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The market is paying (X / $5) - 1 dollars per dollar of earnings for growth opportunities.
To determine how much the market is paying per share for growth opportunities, we need to calculate the value of the company's growth opportunities per share.
First, we need to find the earnings per share (EPS) that would result from distributing all earnings. Since the level dividend stream is $5 per share, the EPS would also be $5.
Next, we need to find the price-to-earnings (P/E) ratio, which indicates how much investors are willing to pay for each dollar of earnings. To find the P/E ratio, we divide the market price per share by the EPS. Let's assume the market price per share is "X".
Therefore, the P/E ratio can be calculated as: P/E ratio = X / $5
Now, if we subtract 1 from the P/E ratio, we get the amount the market is actually paying per dollar of earnings that is not being distributed as dividends.
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summarize If you were to work in the Administrative Support pathway, you would manage the activities of an office. You would use computers to perform clerical activities. One of your goals would be to ensure that information is collected and shared with staff and clients. Employees in the Business Information Management pathway help collect, analyze, organize, and share information. Employees working in management do a variety of activities to keep a business in operation. The size of the company affects the work you might do as the manager. In a large company, you might supervise other managers. In a small company, you might directly supervise all the employees. Or you might direct the work in one area of a business such as marketing or finance. As a manager, there could be many tasks to your job. You might build relationships with people outside the company or department and with employees. Your might negotiate with or hire employees. Another part of the job might be to assure there are equipment, supplies, and money to operate the business. In the Human Resources Management pathway, you would be responsible for finding and keeping employees. To do this, you would interview and hire the most qualified applicant. In addition, you would have to be familiar with labor laws and wages and benefits. Your duties might include providing training and doing things to keep employees happy. In the Operations Management pathway, you help organizations get the resources they need. You plan, organize, coordinate, and schedule the delivery of resources
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Working in the Administrative Support Operations Management pathway involves managing office activities and utilizing computers for clerical tasks. The goal is to ensure efficient collection and sharing of information with staff and clients.
In the Business Information Management pathway, employees focus on gathering, analyzing, organizing, and disseminating information. In the Management pathway, the responsibilities vary based on the company's size.
Managers may supervise other managers in large companies or directly oversee all employees in small companies. They handle tasks such as building relationships, negotiating, hiring, and ensuring the availability of resources for business operations.
The Human Resources Management pathway involves finding and retaining employees through activities like interviewing, hiring, and knowledge of labor laws and compensation.
Responsibilities may also include training and maintaining employee satisfaction. In the Operations Management pathway, the focus is on acquiring necessary resources for organizations. This includes planning, organizing, coordinating, and scheduling resource delivery.
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what convinced j. p. morgan and the united states government that oversight of the banking system was needed?
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The Panic of 1907 was a pivotal event that convinced J.P. Morgan and other influential bankers of the need for oversight of the banking system. The crisis was sparked by a failed attempt to corner the market on the stock of the United Copper Company, which led to a run on the Knickerbocker Trust Company, one of the largest banks in New York City.
The panic quickly spread to other banks, and there were widespread runs on deposits and withdrawals of cash. J.P. Morgan was called upon to help resolve the crisis, and he organized a group of bankers to provide emergency loans to troubled banks and other financial institutions. His actions helped to stabilize the financial system, but he recognized that such ad-hoc measures were not a long-term solution. Morgan and others believed that a more formalized system of oversight and regulation was needed to prevent future crises. They saw the need for a central banking system that could provide liquidity to the banking industry, regulate the money supply, and set interest rates. This would require a greater degree of government involvement in the banking system, something that had not been seen before in the United States.
The Federal Reserve System was established in 1913 as a response to this need. The system was designed to provide a central banking authority that could oversee the banking industry and help to prevent financial crises. It was given the power to regulate the money supply, set interest rates, and provide emergency loans to troubled banks. They recognized that a more formalized system of regulation was necessary to prevent future crises, and the establishment of the Federal Reserve System was a response to this need.
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Explain one reason why a business may use social media to promote
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Answer:
Social media offers many benefits to business owners, as it allows them to reach out to their customers and to gain the attention of more people/potential customers
Explanation:
What is suggestive selling? Have you experienced an example of this? If so, describe the experience. Why do restaurants use suggestive selling?
Answers
Answer:
Explanation:
Suggestive selling is when someone recommends a better version of the product which you are purchasing or even recommends another totally different product that may suit your individual needs better. Almost everyone has experienced this in some capacity before. For example, any time you go to a fast-food chain they always ask if you would like to increase the size of your order (super-size) for a small additional fee. This is suggestive up-selling, and companies do this because they make additional profit from these items that they are suggesting.
How does the salary for legislators in texas compare with that paid to legislators in the other nine most populous states in the united states?.
Answers
The lowest salary for legislators in Texas compare with that paid to legislators in the other nine most populous states in the united states.
What is salary?⇒A salary is a type of recurring payment made to an employee by their employer and may be outlined in an employment contract. In contrast, piece wages pay each work, hour, or other unit separately rather than on a regular schedule. Salary can also be viewed from the standpoint of running a business as the expense of hiring and retaining staff to carry out operations; in this situation, it is known as a personnel expense or salary expense. In accounting, salaries are recorded in payroll accounts.. A salary is a set sum of money or other kind of payment made to an employee by their employer in exchange for services rendered. Regular defined intervals are used to pay salaries, such as monthly installments of one-twelfth of the annual salary.
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value:
35.00 points
Problem 18-8 Completing a Ten-Column Work Sheet
The Trial Balance for River's Edge Canoe & Kayak, as of August 31, is listed below.
1. Prepare a ten-column work sheet for River's Edge Canoe & Kayak for the year ended August 31. The
totals will be automatically calculated.
(a) The cost of the ending merchandise inventory is $45,669.
(b) The cost of the supplies on hand on August 31 is $619.
(c) The one-year insurance premium of $1,680 was paid on April 1.
(d) The total federal income taxes owed for the year are $2,635.
River's Edge Canoe & Kay
Work Sheet
For the Year Ended August 3
Answers
It is to be noted that the following question below is about a Trial Balance. This is a type of reconciliation book in Financial Accounting.
What is a Trial Balance?
Please, note that the original worksheet is not attached, hence the general answer.
This, in financial accounting, refers to the statements or records of all credits and debits in a double-entry accounting book which includes all errors or disagreements between figures and accounts.
Usually, all debit and credit columns sums must and should be equal to show that the account has been balanced.
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Mary is a stay-at-home mother whose husband died. She has two small
children to care for, and her husband was the primary wage earner for their
family. What Social Security benefits would care for Mary and her children?
A) retirement benefits
B) disability benefits
C) survivor’s benefits
D) worker’s compensation
Answers
Answer:
The answer that I think would be correct is option C (survivors benefits)
Explanation:
Retirement benefits definition: a form of social insurance payment made by the US Social Security (for age 62 and older) considering that Mary has two small kids, she probably isn't that old.
Disability benefits: in order to be eligible, you have to be unable to do regular or customary work for at least right days. Considering the fact that Mary is a stay at home mother then she wouldn't be employed.
Survivors benefit: this allows a retiree to ensure after death, a continuous lifetime annuity for their dependents.
Workers compensation: provision of benefits to employees who suffered work related injuries. Mary's husband most likely didn't die in the work place.
there is no right or wrong answer
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Test your understanding 1. Whabi & Company's financial year ends on 31 December. They act as agent for another business and receive a commission on goods sold. The following information is provided: 20-6 Jan 1 Commission, $94, was owing to Whabi & Company Dec 31 Commission, $1350, was received Commission, $76, was owing to Whabi & Company 20-7 Dec 31 Commission, $1480, was received For each of the years ended 31 December 20-6 and 31 December 20-7 state: (a) the amount shown for commission received in the income statement (b) the amount (if any) shown for commission received in the balance sheet, indicating whether it is a current asset or a current liability
Answers
(a) For the year ended December 31, 20-6, the amount shown for commission received in the income statement is $94.
For the year ended December 31, 20-7, the amount shown for commission received in the income statement is $1480.
(b) For the year ended December 31, 20-6, the amount shown for commission received in the balance sheet is $76, which is a current liability.
For the year ended December 31, 20-7, the amount shown for commission received in the balance sheet is $0, as the commission received of $1480 would have been recorded in the income statement for that year.
How did we get the values?The amounts in the income statement and balance sheet are recorded based on the accrual accounting method. This means that revenue is recognized in the income statement when it is earned, regardless of when it is received, and liabilities are recognized when they are incurred, regardless of when they are paid.
In this case, the commission of $94 that was owing to Whabi & Company as of January 1, 20-6, was earned and recognized as revenue in the income statement for that year. The commission of $1350 received on December 31, 20-6, would have been recorded as a cash inflow in the cash flow statement, but not in the income statement as it was received after the end of the financial year.
For the year ended December 31, 20-7, the commission of $1480 received was recognized as revenue in the income statement for that year, and the commission of $76 that was owing to Whabi & Company was recorded as a current liability in the balance sheet, as it was incurred but not yet paid.
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With the help of online research, write a short report on “glocalization.”
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The phenomena of Glocalization, which is best described as Thinking Globally, Acting Locally, is created when the two terms of globalisation and localization are combined.
To put it more properly, we may say that although if a single brand is produced, sold, and distributed globally, it is nevertheless personalised and customised to suit the tastes and preferences of customers in the many global marketplaces.
It is carried out since each region of the world has its own unique culture, linguistic preferences, demands, and desires.
By adjusting their offerings and products to meet the needs of that specific market, businesses may effectively position and place their items, resulting in high revenues and devoted customers.
The following are all global brands, although they cater to the demands of their customers in various parts of the world while selling items.
Chips by Lays (They sell different flavours in different parts of the world, according to the taste preference and eating habits of that country).
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Mr. Parker sells 10 bottles of wine per week at $50 per bottle. He can sell 11 bottles per week if he lowers the price to $45 per bottle. The quantity effect of the sale of an additional bottle would be _______, whereas the price effect of the sale of an additional bottle would be ________
Answers
The quantity effect of the sale of an additional bottle would result in an increase in revenue by $45 whereas the price effect of the sale of an additional bottle would result in a decrease in revenue by $50.
What is sales revenue?
Sales revenue is the amount earned by a company by selling their manufactured goods or services
Given values:
For quantity effect (reduced price is constant and quantity changes)
Number of bottles sold at a normal price: 10
Number of bottles sold at a reduced price: 11
Price on the additional bottle (reduced price): $45
Computation of quantity effect on revenue:
\(\rm\ Quantity \rm\ effect =(\rm\ Number \rm\ of \rm\ bottles \rm\ at \rm\ a \rm\ reduced \rm\ price- \rm\ Number \rm\ of \rm\ bottles \rm\ at \rm\ a \rm\ normal \rm\ price) \times \rm\ Reduced \rm\ price\\\rm\ Quantity \rm\ effect =(11- 10) \times \$45\\\rm\ Quantity \rm\ effect =\$45\)
For price effect (quantity is constant and the price is changing)
Number of bottles sold at a normal price: 10
Normal price: $50
Price on the additional bottle (reduced price): $45
Computation of price effect on revenue:
\(\rm\ Price \rm\ effect =(\rm\ Normal \rm\ price - \rm\ Reduced \rm\ price ) \times \rm\ Number \rm\ of \rm\ bottles \rm\ at \rm\ a \rm\ normal \rm\ price\\\rm\ Price \rm\ effect =\$50 -\$ 45 ) \times 10\\\rm\ Price \rm\ effect =\$50\)
Therefore, the revenue increased by $45 in the quantity effect and decreased by $50 in the price effect on the additional sale.
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NEED HELP!
-The single country with the world's largest GDP is______.
-The member countries of the European Union have about the same GDP as_____.
-Together, these four countries and the European Union have ______ half of the world's total GDP.
.
Answers
Answer:
The single country with the world's largest GDP is the US.The member countries of the European Union have about the same GDP as the US.Together, these four countries and the European Union have more than half of the world's total GDP.✿---✿--❀---❀---✿---✿
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The budget that reflects the time period in which company expects to collect on its sales is the ______ budget.
Answers
The budget that reflects the time period in which a company expects to collect on its sales is the Cash Budget.
The Cash Budget is an important component of the overall budgeting process as it helps the company manage its cash flows effectively. It provides a detailed analysis of the expected cash inflows and outflows over a specific time period, usually monthly or quarterly.
To create a Cash Budget, the company considers various factors such as the sales forecast, payment terms with customers, and collection period for receivables. The sales forecast provides an estimate of the expected sales revenue, while the payment terms and collection period help determine when the company is likely to receive cash from its customers.
By analyzing the Cash Budget, the company can plan its cash inflows and outflows, identify potential cash shortfalls or surpluses, and take appropriate actions to manage its cash position. This can include adjusting credit policies, negotiating payment terms with suppliers, or implementing cost-saving measures.
In conclusion, the Cash Budget reflects the time period in which a company expects to collect on its sales and helps in effectively managing cash flows.
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4. A few minutes later you came across some old commercials for the movie The Hunger Games.
Again, you realized that you learned about this type of economy in your economics class. Which type
of economic system best describes the fictional country of Panem? How can you tell?
Answers
The type of economic system that is in place in the fictional country of Panem is a Command economy.
How was Panem a command economy ?In a command economy, all economic decisions are made at the discretion of the central authority. The land and the means of production are either owned by the state or a group.
Government control, as opposed to private enterprise, according to proponents of command economies, can guarantee a just distribution of goods and services.
Panem was a command economy in the Hunger Games because the government in the Capital controlled all aspects of life in the various districts.
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as part of a team you are assigned to create appointment to report one of your asses to put people together and another team sent them to you you already have the title page summary and introduction in the place next you should put the A.table of contents B.appendices C.main body D.conclusion and recommendation
Answers
Answer: C.
Explanation:
Charles Johnson has to make a deposit in his savings account. He has one $20 bill, two $5 dollar bills, seven $1 bills, six quarters, and five dimes. If Charles wants to deposit the entire amount, how much will he deposit in total?
Answers
Answer:
Total deposit is $39
Explanation:
Given
\(\$20\ bills = 1\)
\(\$5\ bills = 2\)
\(\$1\ bills = 7\)
\(Quarters = 6\)
\(Dimes = 5\)
Required
Determine the total
To do this, we simply multiply each dollar bill or coin with its frequency and add up the results.
i.e.
\(Total = 1 * \$20 + 2 * \$5 + 7 * \$1 + 6 * Quarters + 5 * Dimes\)
\(Total = \$37 + 6 * Quarters + 5 * Dimes\)
\(1\ quarter = \$0.25\)
\(1\ dime = \$0.1\)
So:
\(Total = \$37 + 6 * \$0.25+ 5 * \$0.1\)
\(Total = \$37 + \$2\)
\(Total = \$39\)
Which of the following best describes entrepreneurial personality traits?
a
Risk averse and co-dependent.
Appreciate direction from others and risk averse.
Tolerant of uncertainty and highly energetic.
Prefer to work less hours and prefer to give directions and let others do the foot work
d
estion 5 (1 point
Hetailed written statement that describes the nature of the business, the customer segment, the
Answers
Tolerant of uncertainty and highly energetic.
The two important entrepreneurial personality traits are tolerance of uncertainty and high energy levels. Hence, Option (B) is correct.
Entrepreneurs must be tolerant of uncertainty because starting and running a business involves inherent risks and unpredictable outcomes.
They face numerous challenges, from market fluctuations to competition and unforeseen obstacles.
Tolerating uncertainty means they can handle the stress and pressure associated with these situations, adapt to changing circumstances, and make informed decisions amidst ambiguity.
High energy levels are crucial for entrepreneurs because they often work long hours, face multiple responsibilities, and encounter numerous demands.
Entrepreneurship requires dedication, passion, and a relentless drive to achieve goals.
Thus, these two traits, that are tolerance of uncertainty and high energy levels, are foundational for entrepreneurs.
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Which of the following best describes entrepreneurial personality traits?
A. Risk-averse and self-nurturing
B. Tolerant of uncertainty and highly energetic
C. Appreciative of direction from others and risk-averse
D. Preference for working fewer hours and letting others do the footwork