The price of an airline ticket from Denver to New York is $500. A bus ticket is $200. Traveling by plane takes five hours, compared with 35 hours by bus. Other things constant, an individual would gain by choosing air travel if, and only if, his time were valued at more than.
A. $15 per hour
B. $10 per hour
C. $6 per hour
D. $100 per hour
Answers
The individual would gain by choosing air travel if, and only if, his time were valued at more than $100 per hour.The cost of traveling by air is $500 for a five-hour trip, while the cost of traveling by bus is $200 for a 35-hour trip, according to the information given.
The cost per hour of travel by air is calculated as follows:Cost of traveling by air per hour = $500 ÷ 5 = $100 per hourThe cost per hour of travel by bus is calculated as follows:Cost of traveling by bus per hour = $200 ÷ 35 = $5.71 per hour .
As a result, the individual would gain by choosing air travel if, and only if, his time were valued at more than $100 per hour.Therefore, option D is correct.
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Related Questions
Fiber optics have been "too good for their own good," fueling an over-reliance on (wireless) cloud computing that now requires integrated photonics to relieve the increasing demands society makes of the technology. Can you think of another example where such a back-and-forth between a technology's capability and society's response has guided its evolution?
Answers
Answer:
Cell phones
Explanation:
If we go back a few years in time, a little over 30 years actually, cell phones were not smart and you could only talk with them. Actually, they were so big and heavy, that you could use them as hammers also. Motorola's first cell phone was as big as a shoe box and weighted around 2.5 pounds. Back then cell phones were expensive and very few people used them.
Fast forward a few years and smaller cell phones appear and 2G technology arrives. You could use a cell phone to call or message someone else. As cell phones got cheaper, more and more people started to use them and companies like AT&T started to collapse and you couldn't get a decent signal anywhere.
But cell phones would continue to improve and 3G was developed in order to satisfy the growing number of consumers. AT&Ts signal was still terrible. Blackberry came and phones started to get smarter. But as cell phones got smarter, more people wanted them. Then came Steve Jobs with the iPhone and demand grew so much that all the companies' systems collapsed (now all were as bad as AT&T).
That led to the introduction of 4G technology, but even before 4G technology is available everywhere, 5G technology has been developed. Finally, 5G technology is available in all the US (this year AT&T managed to do so, although Verizon did it earlier). But in other countries, 5G technology is already becoming obsolete and 6G is soon to be the standard.
Our everyday use of smart devices has forced technological advances to speed up. It took about 15 years for 2G to arrive, and then it took about 10 for 3G to be available. But in less than 15 years other countries have gone from 3G to 6G (China has already launched its 6G satellites which will start providing that technology).
A country has a comparative advantage in producing a good if:.
Answers
Answer:
it can produce that good at a lower opportunity cost relative to another country.
When marketers _____, they take into account the fact that customers are different, customers change, competitors change and react, and organizational resources are limited.
i. create a firm's mission statement
ii. conduct a SWOT analysis
iii. enter into the strategic marketing process
iv. develop a competitive advantage
Answers
Answer:enter into the strategic marketing process
Explanation:
When marketers enters into the strategic marketing process they take into account the fact that customers and different customers change competitors change and react and organizational resources are limited.
What is the market?Market is a place where all the business and the commercial activities being take place for example a place where a person who go and buy and sell things is known as market. Market can be physical as well as virtual for example a stationery shop in the market is a physical market but buying stationery online from a website is a virtual market.
What are the Marketing strategies?
Forming marketing strategy is a process in which a business concentrate to find best opportunities and increase its sales with the limited resources available. There are many factors which are integral part of marketing strategies. Marketing strategies done by seven Ps
1- product
2-price
3-promotion
4-please
5- packaging
6-positioning and
6- people
What are diiferent type of customers?A customer is a person who purchase the product from the market. Customer can be of many types such as :- new customer, old customer ,potential customer ,discount customers, impulsive customer, loyal customer, need based customer.
Hence option III is the correct answer,
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Access the FASB Accounting Standards Codification at the FASB website (www.fasb.org). Determine each of the following:A. The specific eight-digit Codification citation (XXX-XX-XX-X) that discusses depreciation as a systematic and rational allocation of cost rather than a process of valuation.B. The specific nine-digit Codification citation (XXX-XX-XX-XX) that involves the calculation of an impairment loss for property, plant, and equipment.C. The specific nine-digit Codification citation (XXX-XX-XX-XX) that provides guidance on accounting for a change in depreciation method.D. The specific eight-digit Codification citation (XXX-XX-XX-X) that indicates goodwill should not be amortized.E. Obtain the relevant authoritative literature on recognition of contingent losses. What is the specific eight-digit Codification citation (XXX-XX-XX-X) that describes the guidelines for determining when an expense and liability should be accrued for a contingent loss?
Answers
According to this guidance, a loss contingency should be recognized when it is probable that a loss has been incurred, and the amount of the loss can be reasonably estimated.
A. The specific eight-digit Codification citation for depreciation as a systematic and rational allocation of cost is 360-10-35-3.
B. The specific nine-digit Codification citation for the calculation of an impairment loss for property, plant, and equipment is 360-10-35-17.
C. The specific nine-digit Codification citation for guidance on accounting for a change in depreciation method is 360-10-35-14.
D. The specific eight-digit Codification citation that indicates goodwill should not be amortized is 350-20-35-1.
E. The specific eight-digit Codification citation for recognition of contingent losses is 450-20-25-2. This citation describes the guidelines for determining when an expense and liability should be accrued for a contingent loss. According to this guidance, a loss contingency should be recognized when it is probable that a loss has been incurred, and the amount of the loss can be reasonably estimated.
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A real estate broker has a computerized loan origination (CLO) terminal in her office. Because there are more than a dozen lending institutions in the city, the broker has found that the CLO greatly streamlines the application process for her clients. She sits down at the terminal with a homebuyer and these three events take place:
1. The broker explains that there is a fee for using the terminal of one-half point, based on the loan amount, and that the homebuyer may choose to finance the fee.
2. The broker explains only the different kinds of services offered by the two local lenders who pay her a monthly screen fee to be included on the CLO system.
3. The broker helps the homeowner answer the on-screen qualification questions.
Which of these events is an improper use of a CLO system?
a. 1 only
b. 2 only
c. 2 and 3
d. 1
Answers
Answer:
d because d is the best answe
which is the smallest number that can be divided by 15 16 and 21 leaving a reminder of 3
Answers
The smallest number will of course be seven; however, you most likely meant the smallest number other than seven.
To meet the criteria stated, n-7 must be a multiple of 15, 21, and 18. Since 0 is a multiple of all numbers, 7 works for this, but to find the second-smallest, we will have to find the smallest number (othed than 0) that is a multiple of all three, the LCM.
We start with the prime factorization of each numbers
15=3×5
21=3×7
18=2×3×3
We now multiply the prime factors together, but factors that multiple numbers have in common ard only counted once. Therefore, the LCM is 2×3×3×5×7. Not that we still multiply by 3 twice because the number 18 has three as a factor twice. However, we don't count it a third our fourth time even though it is a factor of the other numbers. 2×3×3×5×7=630, so 630 is the LCM of 15, 21, and 18. Therefore 637 will have a reminder of 7 when divided by either of them.
what sort of benefit is the sponsor of barclays center in brooklyn, new york, acquiring? a. gaining hospitality b. achieving sales objectives c. building goodwill d. gaining naming rights
Answers
The sponsor of Barclays Center in Brooklyn, New York, is acquiring the benefit of D. gaining naming rights.
Brand exposure and recognition: Barclays Center is a high-profile sports and entertainment venue located in a major metropolitan area like New York City. By acquiring the naming rights, the sponsor's brand name is prominently displayed in connection with the venue, providing significant exposure and recognition.
The sponsor's name is often incorporated into the official name of the venue, used in marketing materials, signage, advertisements, and other promotional efforts associated with the venue.
This exposure can enhance the sponsor's brand recognition and visibility, reaching a wide audience of sports fans, concert-goers, and other event attendees.
Enhanced brand association: By attaching their name to a well-known sports and entertainment venue like Barclays Center, the sponsor can create a positive association between their brand and the excitement, energy, and prestige associated with sports and entertainment events.
This can help to enhance the sponsor's brand image and perception among consumers, positioning them as a prominent and reputable entity in their industry or market.
Marketing and promotional opportunities: Naming rights provide the sponsor with unique marketing and promotional opportunities. They can leverage the association with Barclays Center to create co-branded marketing campaigns, promotions, and activations that can generate buzz and interest among consumers.
This can include joint advertising, social media campaigns, special events, and other initiatives that highlight the sponsor's partnership with the venue, helping to drive brand awareness, engagement, and loyalty.
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Putting money into more than one kind of investment at a time is called liquidity. sunken cost. diversification. compound interest.
Answers
Answer:
diversification
Putting money into more than one kind of investment at a time is called diversification.
What is diversification?Diversification is the process of investing in diverse opportunities so as to reduce non-systemic risks. For example, if a person buys the stock of a health care company, in order to diversify, the person might invest in the stocks of an automobile company.
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Another reason fueling the boom in fast-growing technology services is _____, which, when done right, can virally spread awareness of a firm with nary a dime of conventional ad spending.
Answers
Available options are:
A. Esako and M-Pesa
B. Big data and Business analytics
C. Social media
D. Sproxil
Answer:
Social media
Explanation:
Social media is an internet-based or online platform that allows different registered users to share various forms of information and content, among other users, from anywhere across the globe.
Hence, given the available options, Another reason that is fueling the boom in fast-growing technology services is SOCIAL MEDIA, which, when done right, can virally spread awareness of a firm with nary a dime of conventional ad spending.
Which descriptions offer examples of Management workers? Check all that apply. Roger sells a company’s product to customers. Arthur supervises a small department of Administrative workers. Bridget documents a company’s financial activities and creates reports. Whitney oversees others, makes decisions, and runs a company.
Answers
Answer:
The answer is B&D
Answer:
b & d
Explanation: got it wrong the first time and this is the right answer lol
The pros and cons of new product concepts are analyzed during the idea generation phase of new product development.
True
False
Answers
Maricopa's Success scholarship fund receives a gift of $ 200000. The money is invested in stocks, bonds, and CDs. CDs pay 4.25% interest, bonds pay 4.3 % interest, and stocks pay 9.6% interest. Maricopa Success invests $ 10000 more in bonds than in CDs. If the annual income from the investments is $ 11747.5, how much was invested in each account? Maricopa Success invested $___ in stocks. Maricopa Success invested $ ___ in bonds
Maricopa Success invested $ ____ in CDs.
Answers
Maricopa Success invested $181747.46 in stocks, $764126.27 in bonds, and $754126.27 in CDs.
Let x be the amount invested in CDs. Therefore, the amount invested in bonds is x + 10000.
Since the total amount invested in the three accounts is $200000, then the amount invested in stocks is 200000 - (x + x + 10000) = 180000 - 2x - 10000 = 170000 - 2x.
The annual income from CDs is given by 4.25/100x, the annual income from bonds is given by 4.3/100(x + 10000), and the annual income from stocks is given by 9.6/100(170000 - 2x).
Thus, the equation that models the total annual income from the three investments is:
4.25/100x + 4.3/100(x + 10000) + 9.6/100(170000 - 2x) = 11747.5
Multiplying by 100 to get rid of the percentage, we have:4.25x + 4.3(x + 10000) + 9.6(170000 - 2x) = 11747500
Simplifying the equation above:
4.25x + 4.3x + 43000 + 1632000 - 19.2x = 11747500
15.35x = 11747500 - 43000 - 1632000
15.35x = 11571500x = 754126.27
Therefore, the amount invested in CDs is $754126.27, the amount invested in bonds is $764126.27, and the amount invested in stocks is $181747.46.
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Does participant possess appropriate labor market information?.
Answers
A participant is supposed to be in possession of the labor market information.
What is labor market information?Labor market information, or simply LMI, is referred to as such an information where an individual can utilize the sources to make efficient and informed decisions in different aspects.
Hence, the participant has access to the labor market information.
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A US based company is attempting to merge with a French National conglomerate. With IFRS and GAAP being so different, what would be some of the challenges the two sides may face with the merger from an accounting standpoint?
Answers
The merger between a US-based company and a French National conglomerate can pose several challenges from an accounting standpoint due to the differences between International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP). Some of the challenges they may face include:
Accounting Principles: IFRS and GAAP have different underlying principles and concepts. IFRS is principles-based, emphasizing substance over form, while GAAP is rules-based, providing specific guidelines for various transactions. The differences in accounting principles can lead to variations in the recognition, measurement, and presentation of financial information.
Financial Statement Presentation: IFRS and GAAP have different requirements for financial statement presentation. The formats and classifications of items on the balance sheet, income statement, and cash flow statement may vary between the two sets of standards. This can make the comparison and consolidation of financial statements challenging.
Revenue Recognition: IFRS and GAAP have differing guidance on revenue recognition, particularly in areas such as the timing of revenue recognition, multiple-element arrangements, and percentage-of-completion method for long-term contracts. Aligning the revenue recognition policies of the merging entities can be a complex task.
Valuation of Assets and Liabilities: IFRS and GAAP may have different rules for the valuation of assets and liabilities, such as inventory, property, plant, and equipment, intangible assets, and financial instruments. Differences in valuation methodologies can impact the reported values of assets and liabilities, which can have implications for financial ratios, financial performance, and tax implications.
Business Combinations and Goodwill: IFRS and GAAP have different requirements for accounting for business combinations and the subsequent treatment of goodwill. For example, IFRS allows for the option of measuring goodwill at cost or using the impairment model, while GAAP follows a more strict impairment-only model. This can result in differences in the recognition and measurement of goodwill and the related impact on financial statements.
Disclosures: IFRS and GAAP have varying disclosure requirements, with differences in the level of detail and specific disclosures mandated for certain transactions and events. Harmonizing the disclosure requirements can be a complex task to ensure compliance with both sets of standards.
These are just a few examples of the challenges that may arise during the merger process from an accounting standpoint. It is crucial for the merging entities to have a thorough understanding of the differences between IFRS and GAAP and work closely with accounting professionals and advisors to address these challenges effectively and ensure accurate financial reporting and compliance with relevant regulations.
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Too much of a good or service is produced when there is a
A. External benefit
B. Private cost
C. Positive externality
D. Negative externality
E. Public good
Answers
Answer:
D
Explanation:
A good has negative externality if the costs to third parties not involved in production is greater than the benefits. an example of an activity that generates negative externality is pollution. Pollution can be generated at little or no cost, so they are usually overproduced. Government can discourage the production of activities that generate negative externality by taxation. Taxation increases the cost of production and therefore discourages overproduction. Tax levied on externality is known as Pigouvian tax.
Government can regulate the amount of externality produced by placing an upper limit on the amount of negative externality permissible
A good has positive externality if the benefits to third parties not involved in production is greater than the cost. an example of an activity that generates positive externality is research and development. Due to the high cost of R & D, they are usually under-produced. Government can encourage the production of activities that generate positive externality by granting subsidies.
A public good is a good that is non excludable and non rivalrous. An example of a public good is a statue in a public park Everyone has assess to the statue and because one person is enjoying the view of the statue does not means another person cannot enjoy the view of the statue
The Lakeshore Hotel's guest-days of occupancy and custodial supplies expense over the last seven months were: Guest-days is a measure of the overall activity at the hotel. For example, a guest who stays at the hotel for three days is counted as three guest-days.
(a) Using the high-low method, estimate a cost formula for custodial supplies expense.
Answers
In cost accounting, the high-low method is a way of attempting to separate out fixed and variable costs given a limited amount of data. The high-low method involves taking the highest level of activity and the lowest level of activity and comparing the total costs at each level.
Particulars Guest Days Custodial Supplies Expense
High Activity Leve l 11500 12600
Low Activity Level 5500 10200
Change 6000 2400
Variable cost per
guest day 0.4
Fixed Cost per
month 8000
Total Cost = Total Variable cost + Total Fixed Cost
10200 = (5500*0.40) + Total Fixed Cost
Total Fixed Cost = 10200-2200
Total Fixed Cost = 8000
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Allen Furniture Company is considering offering an inexpensive line of college dorm and apartment furnishings. If they move forward, they will renovate part of their store to accommodate this new stock. Before spending the money to redesign the store, they first want to find out customer interest. In a short response of approximately 100 words, describe some of the steps they should take as they consider this project.
Answers
Answer:
Allen Furniture Company should look into conducting a survey to gauge customer interest to find what they look for, need, and find attractive. They could do so by going to college campuses and conducting random interviews. For their apartment furnishings, they could look online to see what kind of product sell and do an analysis of customer interest that way and they could also conduct a survey for people that live in apartments. They could also look into a consultant that specializes in the field and is experienced with what customers like or want.
why having business is important?
Answers
J. Jackson invested $1,000 in his business in exchange for common stock. Show how to use T-accounts to record this transaction by selecting the correct answer below. Multiple choice question. Debit Investments; credit Cash. Debit Cash; credit Revenue. Credit Cash; debit Common stock Debit Cash; credit Common stock
Answers
Based on the information given the transaction will be recorded T-accounts as: Debit Cash; credit Common stock.
T-accounts:
Since $1,000 was invested in the business in exchange for common stock which means that we are going to debit cash with the amount of $1,000 and credit common stock with the amount of $1,000.
Hence, the T-account will show:
Debit Cash $1,000
Credit Common stock $1,000
Inconclusion the transaction will be recorded T-accounts as: Debit Cash; credit Common stock.
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g how is collusion used in oligopoly markets? what is a cartel? are they legal? give one example of either collusion or a cartel that has occurred in the past.
Answers
When oligopoly enterprises collaborate and behave as one company, this is called collusion.
How is collusion used in oligopoly markets?
In order to limit output and obtain the monopoly price, cooperating enterprises must come to an explicit or tacit agreement. Oligopolistic businesses can raise prices, limit industrial output, and split profits among themselves by banding together. Collusion occurs when businesses cooperate to decrease output and maintain high prices.
What is a cartel?
A cartel is a group of people who come together to control the supply of a product in order to advance their own interests.
Cartels are typically regarded as illegal under antitrust laws in the United States. A drug cartel is referred to as a cartel in criminal law.
The Organization of the Petroleum Exporting Countries (OPEC) is frequently cited as an example of a cartel in the oil and gas sector.
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multiple choice-- economics
You are interested in becoming a business owner. You want the freedom to be your own boss but do not want to deal with all of the stress that comes with starting a new business. What type of business ownership makes the most sense for you? >>
Partnership
Franchise
Corporation
Sole proprietorship
Answers
Answer:
A partnership.
Explanation:
In a partnership you are a part owner of a business, but you share responsibility.
Anyone have an idea how to create a NPV Spreadsheet which intakes a 6% discount factor.
My actual question is very similar to this, If someone could give me a step by step breakdown it would be much appreciated
Answers
The way to calculate an NPV Spreadsheet using the NPV Function are:
=NPV(discount rate, series of cash flow)Step 1: Set a discount rate in a cell.Step 2: Establish a series of cash flows (must be in consecutive cells).Step 3: Type “=NPV(“ and select the discount rate “,” then select the cash flow cells and “)”.What is an NPV Function?This refers to the excel function that is used to calculate the net present value and the discount rates for cash flows.
Hence, we can see that given that you have the discount factor, the annual operating costs, and annual benefits, you would then need to add the present value of all +ve cash flows and subtract the present value of all -ve cash flows.
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Question 31 Which statement about the structure of the Federal Reserve System is true? It is a single bank located in Washington D.C. It is a single bank located in New York. It is made up of 55 linked banks located in the eastern states. It is made up of 12 separate banks spread around the country.
Answers
The statement "It is made up of 12 separate banks spread around the country" is true.
The Federal Reserve System, often referred to as the Fed, is structured as a decentralized network of 12 regional banks located in different districts across the United States. These banks are commonly known as the Federal Reserve Banks and are spread out to ensure representation and regional coverage.
Each Federal Reserve Bank serves its designated district, which includes various states. These banks operate independently but are coordinated and overseen by the Board of Governors in Washington, D.C., which is the central governing body of the Federal Reserve System.
The Federal Reserve System was established in 1913 to provide a stable and flexible monetary system for the United States. Its decentralized structure allows for localized knowledge and input in monetary policy decisions, while the coordination among the regional banks ensures consistency and effectiveness in the implementation of monetary policies.
Therefore, the Federal Reserve System is made up of 12 separate banks spread around the country, not a single bank located in one specific city.
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What is the basis of effective communication? group of answer choices the interpretation of meaning transmitting a message from sender to receiver support of basic management functions consistency of meaning nonverbal feedback
Answers
Answer:
The basis of effective communication is the transmission of a message from the sender to the receiver in a way that ensures a shared understanding of its meaning.
Explanation:
Effective communication requires that the message is transmitted clearly, accurately, and concisely, and that the receiver interprets it as the sender intended. The support of basic management functions, consistency of meaning, and nonverbal feedback can all contribute to effective communication, but they are not the basis of it. Ultimately, effective communication is built on a shared understanding of the message being conveyed, and it is the responsibility of both the sender and the receiver to ensure that this understanding is achieved.
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A tire with lower than specified inflation pressure could lead to what condition?
Answers
A tire with lower than specified inflation pressure could lead to reduced tire life and fuel economy so D. All of the above.
What can a lower than specified inflation pressure lead to?When a tire is not inflated to the pressure that it is meant to be inflated to, it can lead to reduced tire life because the tire would not adequately handle to weight of the car.
Fuel economy would then reduce as the tires demand more energy to compensate and this can increase the chances of tire faults and other faults that can lead to accidents.
Options include:
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2. If changes happen during September or October, which expenses will you be able to change most easily? Give an example of how you could make a change. (5 points)
Answers
The correct answer to this open question is the following.
Although the question does not provide any context, references, or give options, we can say that if changes happen during September or October, the expenses you will be able to change most easily are according with the provisions projected in the annual plan, the budget, compared with the monthly expenses.
That is why a company has to elaborate on a good financial plan and overseeing the projections and true sales of the marketing and sales plan. This is important to take the proper control of expenses and revenues. Depending on the volume of sales during September and October, you can decide what kind of changes or adjustments to make in the following months.
Answer:
I would be able to change the variable expenses most easily. Such as food, clothing, and discretionary spending.
I could make the change by
Budgeting in October:
food from spending -$70 back to -$60
cut clothes off since I bought some already from -$40 to $0
budget my discretionary spending from -$60 back to -$40
This would increase my savings to $230
You receive a text alert that you must fertilize 14 more acres in the next hour before it begins to
rain. What should you do?
A. Maintain current speed because you will be able to cover the additional acres in one hour.
B. Increase the engine speed to approximately 2,700 rpm to cover the additional acres in one
hour.
C. Increase speed to approximately 7.1 mph to cover the additional acres in one hour.
D. Increase to second gear to cover the additional acres in one hour.
Answers
Answer:
C
Explanation:
Increase speed to approximately 7.1mph to cover the additional acres in one hour
A grid-based layout commonly used in website design is called what?
A. Rebus
B. Mondrian
C. Circus
D. Sihouette
Answers
A grid-based layout that is commonly used in the design of a website is called: B. Mondrian.
A website can be defined as a collective name that is used to describe series of webpages that are linked together with the same domain name. Also, all website are hypertext markup language (HTML) documents that contains codes, tags, image, audio, and video files, inserted to make them responsive and interactive with end users.
In Web design, a grid serves as an underlying structure upon which the layout of a website is built. The most commonly used grid-based layout for the design of a website is called Mondrian.
Mondrian is a grid-based layout that can be used to divide spaces on a website into clear sections, in order to enable the smooth navigation and transition of webpages and its contents.
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#1 You are driving down the highway when one of your tires suddenly blows out. You should
Pump your brakes rapidly, and steer your vehicle to control any skids.
Avoid using your brakes. Slow down gradually and concentrate on steering.
Press hard on your brake pedal and stop as quickly as you can.
Answers
The term _____ is used to describe an expense that is normal or appropriate for the business under the circumstances.
Choose matching definition
necessary
reasonable
annuity
ordinary
Answers
The term "reasonable" is used to describe an expense that is normal or appropriate for the business under the circumstances.
An annuity is a financial product that provides a regular stream of payments over a specified period of time. The term "ordinary expense" is used to describe an expense that is normal or appropriate for the business under the circumstances.
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The term ordinary is used to describe an expense that is normal or appropriate for the business under the circumstances.
In this context, "ordinary" is the matching definition for an expense that is considered normal or appropriate in a given business situation. Anything that is "common and accepted" for a particular trade or business is included in the IRS's definition of an "ordinary" expense.
Whereas expenses that are helpful and appropriate are referred to as "necessary" To be eligible for a tax deduction, expenses that are necessary must also be ordinary expenses.
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