Answer: Resources are scarce.
Explanation:
In making economic decisions we must always realize that resources are scarce. For some of us some resources are not as scarce as they are for others. Time however is one resource that seems scarce for the vast majority of people.
Alex is training for the triathlon which involves 3 different endurance sports and yet he only has 20 hours in a week to do so. This perfectly encapsulates the issue of time scarcity as each of those activities should take hours in a week to be trained for individually and put together will be more and yet he can only offer them 20 hours.
GoFuel has decided to "play with the facts" and tell consumers in its advertising that the spill was "minor" and that consumers shouldn’t worry. Which group or groups might take issue with this approach?
The complete question is:
GoFuel, an extremely profitable oil company, has large drilling operations in the Gulf of Mexico. It operates worldwide, markets itself as an environmentally responsible business, and has a substantial advertising budget. Unfortunately, GoFuel has had an oil spill in the Gulf that has introduced billions of gallons of oil into the fishing-heavy waters off Louisiana. The company wants to run an advertising campaign to address this accident.
GoFuel has decided to "play with the facts" and tell consumers in its advertising that the spill was "minor" and that consumers shouldn't worry. Which group or groups might take issue with this approach?
Federal Trade Commission
Association of National Advertisers
American Advertising Federation
Better Business Bureau
All of these choices are correct.
Answer:
All of these choices are correct.
Explanation:
In this scenario GoFuel has had an oil spill in the Gulf that has introduced billions of gallons of oil into the fishing-heavy waters off Louisiana.
In their advertising however they are saying the spill is minor and consumers should not worry.
This is untrue and all the listed organisations will take issue with this approach:
The Federal Trade commission promotes protection of consumers
Association of National Advertisers ensures best practices in advertising. The false statements by GoFuel goes against its objectives.
American Advertising Federation is also concerned with transparent advertising that does not misrepresent issues.
Better Business Bureau is a non governmental organisation that aims to build market trust
Why is the amount of underapplied (overapplied) manufacturing overhead different from requirement 2 above? (you may select more than one answer?
Complete Question:
Change the estimated total amount of the allocation base back to 65,000 machine-hours, so that the data area of you worksheet looks exactly the same as in Requirement 2. Now change the actual manufacturing overhead cost from $395,700 to $387,000. The data area of your worksheet should now look like this:
Allocation base is Machine-hours Estimated manufacturing overhead cost $383,500 Estimated total amount of the allocation base 65,000 machine-hoursActual manufacturing overhead cost $387,000 Actual total amount of the allocation base 63,000 machine-hoursRequirement:
Why is the amount of underapplied (overapplied) manufacturing overhead different from Requirement 2 above?
A. The predetermined overhead rate changed.
B. The change in the actual manufacturing overhead cost directly resulted in a comparable change in the amount of underapplied (overapplied) manufacturing overhead.
C. The change in the estimated total amount of the allocation base affected the amount of manufacturing overhead applied.
Answer:
Option B. The change in the actual manufacturing overhead cost directly resulted in a comparable change in the amount of underapplied (overapplied) manufacturing overhead.
Option C. The change in the estimated total amount of the allocation base affected the amount of manufacturing overhead applied.
Explanation:
Option A is incorrect because predetermined Overhead Absorption Rate (OAR) never changes.
Option B is correct. Due to budgeted ($383,500) and actual Manufacturing overhead cost ($387,000) difference which clearly shows that the actual cost was higher than the budgeted manufacturing cost. This cost difference factor was one of the main reason of underapplied overhead cost. Furthermore, due to this difference the Actual Overhead Absorption Rate was higher and the Budgeted Overhead Absorption Rate that we were using for pricing and costing purpose was lower in value.
Option C. Due to the difference between budgeted (65,000 Hrs) and actual allocation Base (63,000 Hrs) which is machine hours in this case. The overhead absorbed on the basis of machine hours (63,000 Hrs) were lower than the budget set (65,000 Hrs). Allocation base is an appropriate basis which is use to assign overhead cost to each unit product, it can be units product, labor hours, machine hours, etc.
Dalvin is considering multiple job offers. His wife recently had a baby with serious health issues. What non-income factor would influence his decision?
Answer:
Availability of benefits
Explanation:
Non-income factors are the factors apart from the income factors that have a direct effect. In non-income factors, personal characteristics such as marriage, health, friendship, religion, and such other factors are taken into consideration. These factors mold or changes the economic decisions based on satisfaction and level of happiness.
In the above excerpt, the non-income factor of availability of benefits has influenced Dalvin on taking the decision of taking the job.
Which option best describes the main behavior that economics studies?
O A. People creating different governments around the world
O B. People participating in a traditional musical performance
O C. People experiencing the physical symptoms of a disease
O D. People making choices based on their limited resources
They
Answer:
D
Explanation:
Economist are known as people who manage resources base on the quantity of resources available
Answer:
D
Explanation:
Economics is the study of unlimited wants and limited resources.
How do you view the future of social media—and social media marketing? Write a description citing three or four trends or developments you think may evolve over the next decade.
Answer with Explanation:
Social media is shaping the future of companies and is helping in branding, effective marketing, increases sales from across the world, social connectivity with different multinational brands to know what foreign customer desires and many more. The last decade was the year of change because of social media improvements and shift to 4G.
Many firms are able to acquire best talent that matches their job description, etc. The companies who acquire another social media has increased the innovation adoption by all of these. The acquisition of Whats-app and Insta-gram by Face-book has developed a much more better experience for the social media users. This has also helped the company like Face-book to add value to their subsidiaries by extending their services offerings. People watch their desired videos on You-tube, Net-flix and Daily-motion. Due to their greater presence on social media, the budget of companies to advertise their product on television has significantly reduced and now they are investing their money in social media to promote their product offerings. The best part of social media is that it lets you to target your customer segment which has more tendency to bring sales than the traditional advertisement methods. Hence the advertisement of services on social media will generate more value for money as apposed to traditional TV advertisement.
Following are the some developments that will evolve in the next decade:
Products rating on the basis how much the products are environment friendly.Making best deal for innovated products on international forum will become much more easier than before.The world will become so fast due to internet of things that companies that are highly valued like Amazon will increase its presence in almost every country. This will shape the supply chain management, marketing, sales and distribution, etc.Promotional discounts on social media will be more effective than before.Increasing website traffic by interlinking websites.The companies are actively looking for creative employee (Google & LinkedIn) who will add value to their product offerings and ensure better customer experience.Developing new emerging markets on social media the example includes bitcoin that helps in tracking our donations, payments, etc.Provision encourages the insured to maintain a certain limit of insurance?
Answer: Limits of liability
Explanation:
Limits of liability is the provision that encourages the insured to maintain a certain limit of insurance.
Limit of liability is the maximum amount of money that an insurer will be responsible to pay in case something bad happens to the thing insured such as the individual or property. This is based on the contract between the insurer and the insured.
Revenues are ______. earned by selling goods or services to customers the amount of cash a company has left after it has paid its liabilities cash payments that a business has made directly to its owners amounts owed to creditors amounts that owners have contributed directly to the business
Answer:
earned by selling goods or services to customers.
Explanation:
Revenues are earned by selling goods or services to customers.
This ultimately implies that, revenues are typically the income that are being generated from the provision of goods and services to meet the needs or wants of customers, as well as discounts and deductions for returned products.
Generally, revenues forms the first line item reported on the income statement or is the beginning of an income statement.
You are conducting an experiment to determine which brand of fertilizer results in the greatest amount of fruit production by tomato plants. In this example, the response variable would be the
Answer:
amount of fruit produced by the tomato plants.
Explanation:
The response variable is the variable whose changes are based on the other variables this we called as the dependent variables. It would be change under the experiments.
Therefore in the given case, since the experiment is conducted for figure out which type of brand fertilizer would be greatest amount so here the response variable is the value of the fruit that is generated by the plant who is deals in tomato and hence the same is to be considered
The famous designer, Isaac Mizrahi, made a scheduled appearance at Borders bookstore in Mall of America to sign copies of his book "How to Have Style". This is an example of what type of communication method?
Answer: A. Special event
Explanation:
Special events are occasions where the customers and the company get to meet face to face and talk about products and services on offer. Special events are very ideal for product launches, or trade shows where the company aims to sell more of what it has.
Isaac Mizrahi most probably just launched the new book and so this special event is a way of marketing it to the public through face-to-face contact.
If a broker has compensated a non-licensed person for activities that he or she is not licensed for, the broker is guilty of
Answer:
Misdemeanor.
Explanation:
If a broker has compensated a non-licensed person for activities that he or she is not licensed for, the broker is guilty of misdemeanor.
Misdemeanor can be defined as any act committed by an individual but is generally considered to be less serious or a minor offence in legal situations.
which recommendation would be most suitable for a 40 year old client whos maain objective is retierment income and preservation of captial
Answer: Fixed deferred annuity
Explanation:
Fixed deferred annuity could be described like a certificate of deposit, which interest is deferred until a time at which you can withdraw from the annuity contract instead of having to claim the interest income on your tax return each year. It also guarantees minimum interest rate irrespective of the market conditions present.
Sebastian has just graduated after four years of university. He took out an unsubsidized Stafford loan worth $8,180 to help pay for his tuition. The loan has a duration of ten years. If the loan has an interest rate of 5.3%, compounded monthly, how much interest capitalization has occurred by the time he graduated? Round all dollar values to the nearest cent.
Answer:
$1,926.97
Explanation:
Given the following :
Loan amount (L) = 8,180
Interest rate (I) = 5.3%
Period (n) = 4 years
Using the formula:
A = L(1 + I/t)^nt
Where A = final amount
t = number of compounding periods per year
A = 8180( 1 + 0.053/12)^(4 * 12)
A = 8180 ( 1 + 0.0044166)^48
A = 8180 * ( 1.0044166)^48
A = 8180 * 1.2355709
A = 10106.970
Final amount after 4 years = 10,106.970
Hence amount Paid as interest over that period will be :
Final amount - Loan amount
10,106.970 - 8,180
= $1,926.97
In 2018, Smiths Corp. issued a $50 par value preferred stock that pays a 6 percent annual dividend. Due to changes in the overall economy and in the company's financial condition, investors are now requiring a 7 percent return. What price would you be willing to pay for a share of the preferred if you receive your first dividend one year from now?
Answer:
Hence, the Current Price is $42.85
Explanation:
Given that
Par value = $50
Annual Dividend percentage = 6%
Annual dividend = $50 × 6% = $3
Required rate of return = 7%
based on the above information
The price that should be paid one year from now is
Required Return = Annual Dividend ÷ Current Price × 100
7 = $3 ÷ Current Price × 100
So, the current price is
= $42.85
Hence, the Current Price is $42.85
With ________, all the data from every corner of the enterprise is collected and integrated into a consistent schema so that every part of the organization has access to the single version of the truth when and where needed.
Answer:
enterprise resource planning
Explanation:
ERP refers to an enterprise resource planning in which there is process of managing the business and automate the functions of the back office with respect to the technology, services, etc. it can be accessed anywhere at any time and all the data that is individually collected would also be integrated at one place
Therefore according to the given situation, ERP is the answer
When product designers use computer-aided design (CAD) software to produce technical drawings in three dimensions, they are using:
Which provision of the purchase and sale agreement describes the circumstances under which the closing agent must withhold or not withhold taxes to pay to the Internal Revenue Service?
Answer:
seller Citizenship and FIRTPA
Explanation:
The provision that ultimately decides this would be the seller Citizenship and FIRTPA. This is because a percentage of every sale is taxed and must go to the Internal Revenue Service, but a closing agent is only responsible for withholding taxes from investors that do not have Citizenship in the US. This is because they are not in the system and do not have any responsibilities towards the US government.
A case on the subject of free speech on the internet comes before a wisconsin state trial court. it is a case of first impression, which means that no case involving the same issue has been decided by the wisconsin courts. in deciding such a case, it would be considered the least proper for the judge to consider: public policy
Answer: d. survey data from the local community.
Explanation:
In deciding the case the Judge there are methods to use such as cases from other jurisdictions ( as this is a case of first impression), the values of their society and its customs, as well as Public policy.
One thing that should not be used in survey data from the local community. People will always have opinions on a matter of law and a lot of the time this is based on what they feel not what is legal. This is why juries do not just and sentences down immediately, they wait until they have been presented with legal arguments so they may be wiser legally.
Survey data has a very high chance of being devoid of this knowledge and also will be biased. It is best the Judge avoids such.
please explain to me CPJ and CRJ immediately I really need in depth explanation
Answer:
CRJ means cash receipt journal. ... In higher classes, this journal is not made, it is included in the debit side of cash book. Meaning of CPJ. CPJ means cash payment journal.
Insurance policies include two main types of coverage. The first part covers the structure of the building. The second covers what...?
Answer:
Liability
Explanation:
There are various types of insurances and that the certain insurances called as builders risk coverage form covers two areas the asset and the liability.
It is generally taken when the building is under construction and at that time it is not only an asset but various liabilities are also attached to them.
Therefore, when the asset part is covered only liability part is left which is also covered.
Here liability include payments, while construction huge payments are to be made, loss because of natural harm, that is high tide wind, or heavy rain etc:
What component of financial information helps investors analyze their prior assessments regarding a company's cash flow generating ability
Answer:
The correct approach will be "Confirmatory value ".
Explanation:
Knowledge is important because it allows financial reports to forecast future market patterns (Predictive Value) as well as to validate or correct any prior projections they already established (Confirmatory Value).Confirmatory value helps consumers to discover for and validate time to evaluate or assumptions. Materiality seems to be an attribute of interest that is unique to a particular person. It assumes that everything that makes one individual equipment might not have been material to yet another.
You should induce vomiting in a child you suspect has been poisoned ONLY when
you have been instructed to do so by the poison center expert.
True
O False
Answer:
The correct answer is the option: False.
Explanation:
To begin with, when it comes to terms of helping someone and moreover saving someone's live it is absolutely necessary to always act in order to make sure that everything that was possible to do was done, so therefore that it is understandable that in a case where a child has been poisoned with something then the person closer must know that he could induce vomiting by putting the finger into the throat, gently, so that the body will automatically try to throw up. Otherwise if the person might have not been instructed by the poison center expert and the kid is posible to pass out then the situation can get worse if the person does not do something.
Udi's Gluten Free sells bread, bagels, cookies, pizza crust, and other products that are gluten free. The combination of all the products that Udi's Gluten Free sells is referred to as its
Answer:
Product mix
Explanation:
Product mix is the complete or total set of products or product lines offered by a company to consumers. Product mix can also be defined as the total number of similar manufactured items or products produced by a manufacturing company that is offered for sale it can also be referred to as product portfolio. There are four major dimensions of product mix, that include: width, consistency, depth and length.
Therefore, the combination of all the products that Udi's Gluten Free sells is referred to as its product mix.
True or false: While taxpayers benefit from government-provided programs and services, such as national defense and law enforcement, taxes paid are NOT directly related to any specific benefit received by the taxpayer.
Answer:
True
Explanation:
Taxes paid are NOT directly related to any specific benefit received by the taxpayer.
The property tax on a rental house owned by Mr. Janey increased by $1,200 this year. Mr. Janey increased the monthly rent charged to his tenant, Ms. Lacey, by $45. Who bears the incidence of the property tax increase
Answer:
Both will bear
Explanation:
Both Mr. Janey and Ms. lacey will bear the incidence of the property tax increase because Mr. Janey has only shifted $540 ( $45 x 12) of the total $1200 by increasing the monthly rent charge of his tenant Ms. lacey by $45/month. Mr. Janey will pay only $660 of $1200 increase in tax and remaining will be paid by Mr Lacey.
A $1 increase in government spending on goods and services will have a greater impact on the equilibrium GDP than will a $1 decline in taxes because
Answer:
Government spending creates employment or it employment-intensive as compared to a decline in tax.
Explanation:
Government spending is more employment-intensive as compared to tax. When the government dumps money into the economy then the economy becomes richer than the injected money because it creates employment and increases the aggregate demand. Moreover, GDP will increase more because it depends on the MPC and spending multiplier. While the tax decline is saving intensive when a tax falls then people try to save more.
Answer:
a portion of cut taxes will be saved
Explanation:
i took the Econ test
A cost that can be easily and conveniently traced to a specific cost object is a(n) Blank 1 of 2 cost of that cost object, whereas costs that cannot be easily and conveniently traced to that specific cost object are
Answer:
Direct; indirect cost.
Explanation:
A cost that can be easily and conveniently traced to a specific cost object is a direct cost of that cost object, whereas costs that cannot be easily and conveniently traced to that specific cost object are indirect cost.
In Financial accounting, direct cost can be defined as any expense which can easily be connected to a specific cost object such as a department, project or product. Some examples of direct costs are cost of raw materials, machineries or equipments.
On the other hand, any cost associated with the running, operations and maintenance of a company refers to indirect costs. Some examples of indirect costs are utility bill, office accessories, diesel etc.
Drag each label to the correct location on the image.
Match the tasks with the professionals who would complete them.
Determine ways to make
the system more effective.
Discuss filming techniques
with the director and
producer
Create charts and graphs
to educate the public.
Train users on how
to use the system.
Measure the temperature
and humidity of the
environment
Use editing software
in between shoots.
Network Administrator
Videographer
Meteorologist
Answer:
Network Administrator:
Train users on how to use the system
Determine ways to make the system more effective.
Videographer:
Discuss filming techniques with the director and producer
Use editing software in between shoots.
Meteorologist:
Create charts and graphs to educate the public.
Measure the temperature and humidity of the environment
Explanation:
Answer:
Network Administrator:
Train users on how to use the system
Determine ways to make the system more effective.
Videographer:
Discuss filming techniques with the director and producer
Use editing software in between shoots.
Meteorologist:
Create charts and graphs to educate the public.
Measure the temperature and humidity of the environment
Explanation:
Which statement is TRUE about insurance coverage on customer brokerage accounts maintained at banks registered solely as municipal securities dealers
Answer: D. No insurance protection is offered on customer municipal accounts maintained at bank broker-dealers
Explanation:
Broker-Dealer are required to register their customers for insurance under the Securities Investor Protection Corporation (SIPC).
Broker-Dealers who however handle only tax-exempt securities such as municipal bonds are not required to be registered under the SIPC.
As this bank handles only municipal securities, they is not required to be registered under the SIPC which means that no insurance protection is offered on customer municipal accounts maintained by them.
The following costs were incurred in August:Direct Labor $14,000Direct Materials $37,000Manufacturing Overhead $38,000Selling Expenses $10,000Administrative Expenses $28,000What were conversion costs for the month?
Answer:
Conversion cost=$52,000
Explanation:
Conversion cost is the sum of direct labour cost and the manufacturing overheads incurred to transform direct material into finished goods.
Direct labour cost is the amount paid to workers directly engaged for production purpose.
Manufacturing overhead is the sum of indirect material, indirect labour and indirect expenses incurred for production purpose
Conversion cost = Direct labour cost + Manufacturing overhead
= $14,000 + 38,000= 52,000
Conversion cost=$52,000
Refrigerant ____ is to reprocess refrigerant to new product specifications as set by Environmental Protection Agency (E.P.A.).
Answer:
Reclaiming
Explanation:
From the question we were told tha refrigerant "Reclaiming" is to reprocess refrigerant to new product specifications as set by Environmental Protection Agency (E.P.A.).
Reclaiming is the process of reforming, or to turn wastes refuse through industrial process or natural process into a useful products or substance.its a means in which usable material is been generated from. by products which is achieved through following the rules set by
Environmental Protection Agency (E.P.A.). for safety of all.