kassie is a merchant who sells electronic equipment. adam is an electronics enthusiast who sells and buys parts for various electronic projects he is undertaking. according to article 2 of the uniform commercial code (ucc), which party has a higher standard of behavior?

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Answer 1

According to article 2 of the uniform commercial code (ucc), Kassie's party has a higher standard of behavior.

What is Uniform Commercial Code?

The Uniform Commercial Code (UCC) is a code of proposed commercial statutes adopted by all states as state law.

According to Article 2 of the Uniform Commercial Code, any written document signed by a merchant in which he promises to buy or sell goods is a firm offer that cannot be revoked.

Essentially, in order for an offer to be considered a firm offer, it needs to be in writing, it needs to be signed by the party, and most importantly, it needs to state a promise to perform a transaction.

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a large manufacturing company has found that younger employees tend to have fewer medical problems than workers over 40. therefore, management decided to hire only workers under 40 to reduce company health insurance costs. this is illegal under the

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To cut business health insurance costs, management decided to hire exclusively people under the age of 40. This is a violation of the Age Discrimination in Employment Act.

A health insurance policy is a contract between a firm and a consumer. In exchange for payment of a monthly premium, the employer offers to pay all or part of the insured person's healthcare costs. The contract is often a one-year arrangement in which the insurer is liable for paying particular expenses linked to illness, injury, pregnancy, or preventative treatment.

A deductible compels the consumer to pay some healthcare costs "out of pocket" up to a specified level before the company's coverage begins. In exchange for a monthly premium payment, health insurance covers the majority of the insured's medical and surgical expenses as well as preventative care costs.

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Suppose you are working with two factor portfolios, portfolio 1 and portfolio 2. The portfolios have expected returns of 15% and 6%, respectively. Based on this information, what would be the expected return on well-diversified portfolio A, if A has a beta of 0. 80 on the first factor and 0. 50 on the second factor? The risk-free rate is 3%

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Using the CAPM multifactor model:

Expected return of the portfolio A = risk free rate Rf + beta 1 * ( expected return of portfolio 1 - risk free rate) + beta2* ( expected return of portfolio 2 - risk free rate)

= 3 + 0.8 * ( 15-3 ) + 0.5 * ( 6-3 )

= 14.1%

So, the expected return on well - diversified portfolio A is 14.1 %

What is CAPM multifactor model?

The Capital Asset Pricing Model (CAPM) describes the relationship between systematic risk, or the general perils of investing, and expected return for assets, particularly stocks.

It is a finance model that establishes a linear relationship between the required return on an investment and risk. The model is based on the relationship between an asset's beta, the risk-free rate (typically the Treasury bill rate), and the equity risk premium, or the expected return on the market minus the risk-free rate.

CAPM evolved as a way to measure this systematic risk. It is widely used throughout finance for pricing risky securities and generating expected returns for assets, given the risk of those assets and cost of capital.

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a u.s. company and one that is based in france are putting together a contract to do business together. it is most likely that they will include in the contract a preference for arbitration over litigation should problems arise because arbitration is

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The rules, procedures, and evidentiary guidelines that will be followed should be outlined in a mandatory arbitration agreement. The rules and procedures of a specific forum are chosen by many agreements.  

In the arbitration agreement, specify any rules that the parties wish to avoid, such as a restriction on discovery.

Which means of resolving disputes lets a board or other group make decisions?

Mediation is ordinarily an out-of-court technique for settling a question. The arbitrator directs the procedure, takes in the arguments from both sides, and then makes a decision. One side will win, just like in a court case.

Should I accept a contract for arbitration?

Compared to going through the courts, the arbitration process generally takes less time and is cheaper. You frequently have a say in who will serve as the arbitrator in an arbitration, in contrast to a court case, where the contested issue is discussed with a judge.

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the two alternative methods that may be used in preparing the operating section of the statement of cash flows are the and methods

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The following are the two techniques used to create the operating activities portion of the cash flow statement: Direct Approach. indirect technique

What is an alternative example?

In modern society, the term "alternative" is used to indicate something that differs from the typical items of its sort or typical approaches to solving problems. An alternative lifestyle, for instance, does not adhere to traditional modes of living and working.

What is alternative used for?

The phrases "first one thing, then another, and then the initial thing again" are denoted by the adjective and adverb alternate. Every other day, each week, and every other month are likewise acceptable time references. Alternative(ly) denotes "anything that is unique, different, and provides a potential.

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a. he improved work conditions, making the jobs more interesting. b. he paid more, with compensation that included stock options. c. he made it more difficult for them to be consumers. d. he paid more than double the wages paid by other factory owners. e. he invited labor leaders to set up unions at ford

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In regards to labor Ford paid more than double the wages paid by other factory owners.

Option D is correct .

Why did Henry Ford raise his workers pay?

Ford's idea for adding the pay envelope of his workers was successful. He was trying to seek out further long- term workers so he'd have a further professional and devoted pool. Since he raised the pay envelope he'd some of the stylish product figures ever heard of.

How did Henry Ford pay his employees ?

In early 1914, against a background of wide severance and adding labor uneasiness, Ford blazoned that it would pay its manly plant workers a minimal pay envelope of$ 5 per eight- hour day, upped from a former rate of$2.34 for nine hours( the policy was espoused for womanish workers in 1916)

Question is incomplete , missing part is given below :

In regard to labor, what did Ford do for his workers?

He made it more difficult for them to be consumers.

He improved work conditions, making the jobs more interesting.

He paid more, with compensation that included stock options.

He invited labor leaders to set up unions at Ford.

He paid more than double the wages paid by other factory owners.

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after meeting with a small business owner, point of sale technology salesman ernesto decides that his customer would be better served by a less-complex terminal offered by a competing firm, and provides the customer with a referral. this is an example of .

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This is an example of consultative selling approach

Consultative selling (also known as needs-based selling) is a sales strategy in which representatives act more like consultants than salespeople. Instead of pushing a specific product, sales representatives advise potential customers on various solutions based on their needs and pain points.

It's best used when your customer has already done some basic product research but isn't sure which one is best for them.

The consultative sales approach assists sales representatives in meeting customers wherever they are in their journey, ensuring that the interaction is both valuable and profitable. To be effective, however, salespersons must first develop a thorough understanding of customers' main points by:

Buyers are actively being listened to.

Posing inquiries

Being impartial

concentrating on solutions (rather than on products or features)

Providing useful information and resources to customers (without asking for anything in return)

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in an efficient market, daily abnormal returns: group of answer choices reflect news within the past week. reflect news since the prior trading day. remain constant. are very volatile. do not exist.

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In an efficient market, daily abnormal returns are very volatile.

According to the green marketplace hypothesis, it's miles not possible for the traders to attain abnormally excessive returns. Because the charge of an asset consists of all to be had facts which may also have an effect on the charge of the product.

Market performance refers to how nicely modern-day expenses mirror all to be had, applicable facts approximately the real price of the underlying assets. A genuinely green marketplace gets rid of the opportunity of thrashing the marketplace, due to the fact any facts to be had to any dealer is already included into the marketplace charge

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charisma, inc., has debt outstanding with a face value of $5.1 million. the value of the firm if it were entirely financed by equity would be $22 million. the company also has 370,000 shares of stock outstanding that sell at a price of $47 per share. the corporate tax rate is 21 percent. what is the decrease in the value of the company due to expected bankruptcy costs? (do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.)

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The decrease in the company value due to expected bankruptcy costs is $581,000

Debt outstanding = $5.1 million

Value of equity = $22 million

Stock outstanding = 370,000 shares

Selling price per share = $47

Corporate tax = 21%

Calculating the value of the levered firm -

= Value of equity + Value of debt × Tax rate

= 22,000,000 + (5,100,000 × 0.21)

= 22,000,000 + 1,071,000

= 23,071,000

Calculating the total market value of the firm:

= Market value of debt + Stock outstanding × Share selling price

= 5,100,000 + (37000 × 47)

= 5,100,000 + 17,390,000

= 22,490,000

In this case, one would anticipate that the value of the leveraged firm and the overall market value of the firm would be equal. However, bankruptcy costs fall under non-marketed claims.

Calculating bankruptcy

= Value of the levered firm - Total market value of the firm

= 23,071,000 - 22,490,000

= 581,000

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20. growing annuities annuities are a series of constant cash flows that have been received over a certain period of time. however, not all annuities are created equal. some annuities adjust the payments based on certain macroeconomic factors. growing annuities are a series of payments that grow at avariable rate. you invested in an aggressive growth fund and expect to earn 19.08% annually over the next five years. however, due to strong growth, inflation is expected to be 9.45%. what should be your expected real rate of return? 8.80% 10.56% 6.60% 9.68%

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The number Real Rate of Return is 9.68%.

The inflation rate provokes the opposite effect than the interest rate. It decreases the value of money through time, reducing the purchasing price of the nominal value of money. Real rate of return means the annual rate of return taken into consideration after taxes and inflation.

You invested in an aggressive growth fund and expect to earn 19.08% annually over the next five years. However, due to strong growth, inflation is expected to be 9.45%.

To calculate the real interest rate, we can use this formula:

Real interest rate= nominal interest rate - inflation rate

Real interest rate= 0.1908 - 0.0945

Real interest rate= 0.0963 = 9.68%

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on january 1, 2024, j. golden corporation granted an employee an option to purchase 6,000 shares of j. golden's $5 par common stock at $20 per share. the options became exercisable on december 31, 2025, after the employee completed two years of service. the option was exercised on january 10, 2026. the market prices of j. golden's stock were as follows: january 1, 2024, $30; december 31, 2025, $50; and january 10, 2026, $45. an option pricing model estimated the value of the options at $8 each on the grant date. for 2024, j. golden should recognize compensation expense of:

Answers

Golden should account for the $24,000 in compensatory costs.

An expense for compensation is what?

Costs associated with hiring, salaries, payroll taxes, benefits, and bonuses are considered compensation costs. This expense typically contributes significantly to a firm's operating costs, which has an impact on the profitability of the company. The size of the organization, the industry, and the job description all affect compensation plans.

compensation expenses calculated?

To calculate wage-based compensation expense factor, take the total compensation amount and divide it by your organization's total operating budget. That number is the percentage of your operating expenses dedicated to compensation

Compensation  expense  for 2024 =

Number of share in option *value of

option per share * Time spent / vesting period

Compensation  expense  for 2024 = 6000

* 8 * 1 / 2 = 24000

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1. according to prospect theory, which is preferred? a. prospect a or b? choose between: a(0.80, $50, $0) and b(0.40, $100, $0) b. prospect c or d? decision (ii). choose between: c(0.00002, $500,000, $0) and d(0.00001, $1,000,000, $0) c. are these choices consistent with expected utility theory? why or why not?

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Prospect A is preferred due to risk aversion and Prospect D is preferred due to risk-seeking.

According to prospect theory, prospect A is preferred due to risk aversion for gains. While both have the same unexpected change in wealth, A has less risk.

Prospect D, with more risk, is preferred due to the risk-seeking that occurs when there are very low probabilities of positive payoffs.

Violation of Expected Utility theory because preferences are inconsistent. It is also necessary to make the assumptions of preference homogeneity, which means that if D is preferred to C, it will also be true that D* is preferred to C* where these are

C*:(0.00002, $50, $0) and D*:(0.00001, $100, $0)

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the longer the focus of managerial incentive compensation, the greater the top-level managers. a. earnings potential for b. potential tax burden for c. risks borne by d. incentives for

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Answer (c) is the right choice. The risks assumed by top-level managers increase with the length of the managerial incentive compensation emphasis.

Incentives for managing risk: what are they?

Executive remuneration often creates risk-taking incentives that are intended to increase shareholder value by lowering managerial risk aversion and encouraging managers to make risky investments that will increase shareholder value.

What are the dangers of using the incorrect incentives?

Financial incentives come with the risk of fostering wage inequity, which can increase turnover and degrade performance in addition to encouraging poor behavior. When financial incentives are based on performance, managers and workers performing identical tasks are paid differently.

What impact do incentives have on employees?

Incentives were taken into account as a type of compensation that is directly related to workers' performance. Employee performance improves when profits or incentives increase. Another method of paying employees outside their salaries is through this technique of giving them financial incentives.

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penny, a full-time biochemist, loves stock car racing. to feed her passion, she bought a used dirt-track car and has started entering some local dirt-track races. the prize money is pretty small ($1,000 for the winner), but she really is not in it for the money. penny reported the following income and expenses from her nights at the track: prize money $ 2,520 expenses: transportation from her home to the races 1,730 depreciation on the dirt-track car 5,080 entry fees 3,700 oil, gas, supplies, repairs for the dirt-track car 3,140 what are the tax effects of penny's racing income and expenses assuming that the racing activity is a hobby for penny?

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The tax effect of Penny’s racing expense is allowed as an itemized deduction to a maximum of 2% of Aggregate gross income.

Gross income: Unreimbursed expenses and taxes are not taken into account when calculating gross income. Net income is computed using gross income. Net income is the result of subtracting expenses and taxes from gross income.

In this case, Penny’s racing income is total prize money i.e. $2,520.

Penny’s racing expenses are $13,650 ($1,730+$5,080+$3,700+$3,140). The penny’s racing expenses are allowed as deductible expenses up to the maximum amount of income from hobbies.

Gross income in this case is $2,520. The racing activity income without any deductions and taxes is called gross income.

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in preparing the april bank reconciliation for oscar company, it was discovered that on april 10 a check was written to pay delivery expense of $45 but the check was erroneously recorded as $54 in the company's books. which of the following journal entries would correct this error? multiple choice account title debit credit delivery expense 45 cash 45 account title debit credit cash 9 delivery expense 9 account title debit credit delivery expense 9 cash 9 account title debit credit cash 54 delivery expense 54

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Correction for this error would result in an increase in cash and a $9 reduction in shipping costs.

Why have shipping charges gone up?Public health rules prevented ship and truck personnel from crossing international borders. Supply networks were unable to keep up with the increased demand brought on by extensive lockdowns and large stimulus packages. In addition to adding to delivery delays, the price of moving products increased.The cost of shipping containers is declining globally as a result of the quick reduction in shortages and congestion that afflicted maritime trade for a significant portion of the epidemic (see chart). In addition to providing an indication of decreasing demand in the global economy, the decline may help to lower the stubbornly high inflation rate.  

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which of the following are included in the net tax flows between businesses and the government? multiple select question. sales taxes low-interest government loans income taxes federal employee salaries

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Include income taxes, low-interest government loans, and sales taxes in the net tax flows between businesses and the government.

What is an illustration of a tax expense?

Tax expenditures include, for instance, individual itemized deductions for charitable contributions, mortgage interest, and state and local taxes.

Which method of taxation generates more revenue for the government?

According to the Income Tax Act of 1962 (the Act), income tax is the primary source of revenue for the government.

What is the taxation system?

There are numerous tax forms in the system, each of which is unique. This framework is a bunch of establishments and instruments accessible to burden experts for accomplishing specific financial, monetary, social and political objectives inside the monetary framework.

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which play is key for using metrics in the sales system because it signals a milestone in the sales process?

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A sales process typically consists of 5-7 steps: Prospecting, preparing, approaching, presenting, resolving objections, concluding, and following up are all included.

When responding to an objection, the first step is to listen carefully and then show empathy.Take an interest in their concern, try to comprehend their point of view, and most importantly, realize that you can't argue with their viewpoint. Don't be patronizing.

What are Hill's framework's five primary components?

An iterative framework that connects corporate objectives is provided by the operations strategy model developed by Terry Hill.His five-step structure includes:The company's goals, marketing strategy, winning orders, selection of the delivery system, and infrastructure.

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assume roger's income to spend on books and movie tickets is $48, and his budget constraint is represented by line b. what would cause his budget constraint to move to a?

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A person’s ability to purchase a given amount of a good or service depending on their income and the cost of the good or service is indicated by the budget limitation line.

Therefore, points on the line can be determined using the following equation: = Income / PriceThe budget limitation will shift outside if the price drops by 10% because, as the formula illustrates, the formula’s result will result in more points on the line due to a smaller denominator.Given product pricing & income, a consumer’s budget line or constraint shows the product combinations they can purchase graphically (all spent).Because the purchasing power of both goods will fluctuate proportionally with income, a change in income will produce a simultaneous shift in budget constraints.Improved real income and increased purchasing power brought on by falling prices allow consumers to increase consumption of both items as their income rises. Budget constraints will be shifted to the right and outside as a result.

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the accounting-like idea that the work done on a system changes the system's energy is called .

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The law of conservation of energy refers to the accounting-like concept that the work done on a system alters the system's energy.

Energy cannot be created or destroyed; instead, it can only be changed from one type of energy to another, according to the law of conservation of energy. This indicates that unless energy is introduced from the outside, a system always has the same quantity of energy. In the situation of non-conservative forces, when energy is changed from mechanical energy to thermal energy yet the total energy does not change, this is especially perplexing. Energy must be converted from one form to another in order to be used.

Law of Conservation of Energy Examples:

In a loudspeaker, electrical energy is converted into sound energy.In a generator, mechanical energy is converted into electrical energy.When fuels are burnt, chemical energy is converted into heat and light energy.

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When aksed if a company should drop a​ product, a segment or line of​ business, what is a key question that should first be​ asked?.

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The key question that should first be asked will be: Will any of the fixed costs go away? If not, ignore them in the decision process.

The fixed cost of a business needs to be decreased if a company is not generating the desired output. Whatever strategy you formulate for increasing the output or decreasing the input should focus on lowering the fixed cost.

You should take the necessary step of either finishing just a product, a line of business depending on the strategy which will make the fixed cost go away. Normally, a fixed cost remains unchanged unless a product or a line of business is dropped.

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if you borrow money on a single-payment loan and discover that you cannot pay it back when it is due, you should:

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​If you borrow money on a single-payment loan and discover that you cannot pay it back when it is due, you should: a. ​consolidate the loan.

A mortgage that you repay with one unmarried charge at the end of a specific time frame is called a single-fee mortgage. The adulthood fee of a mortgage is the total quantity you need to repay, together with the predominant and any interest you incur. The time period of the loan is the time for which it's been granted.

these notes payable require you to repay the lender the main borrowed plus the hobby charged multi-functional lump-sum fee through the due date certain in the notice.

unmarried-fee loans can be available in several one-of-a-kind bureaucracies. Many loans require the borrower to make numerous month-to-month bills until their loan is paid in complete. but, unmarried-fee loans are paid lower back with one massive charge by way of the due date determined by the lender. One not unusual shape of an unmarried-price mortgage is known as a payday loan.

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One possible solution to a diminishing social security payroll is to increase the social security tax by 1.89%. how would such an increase effect the tax on an annual salary of $54,000? a. annual tax would increase by $1,020.60. b. annual tax would increase by $2,327.40. c. annual tax would increase by $3,348.00. d. annual tax would increase by $4,368.60. please select the best answer from the choices provided a b c d

Answers

If the social security tax increase by 1.89%, the annual tax would increase by $1,020 on an annual salary of $54,000.

To solve the diminishing social security payroll the social security tax increases which will result in an increase in the annual tax on salary. This is calculated as

Increase in Annual Tax=Salary × increase in social security tax

From the question we have

The salary which is equal to $54,000

the social security tax increase by 1.89%,

Increase in Annual Tax=$54,000 × 1.89%,

=$1,020.60

Therefore, the correct option is (a) annual tax would increase by $1,020.60.

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btl company purchased a tractor at a cost of $60,000 on january 1, year 1. the tractor has an estimated salvage value of $10,000 and an estimated life of 8 years. if btl uses the straight-line method, what is the book value at january 1, year 5?

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$35000 is the book value at january 1, year 5, if btl uses the straight-line method for 8 years at an estimated salvage amount of $10,000 and original cost of  $60,000.

given data,

original cost =  $60,000

accumulated amount =  $10,000

the formula is;

straight line amount=original cost-accumulated amount/useful life

                                     = (60000-10000)/8

straight line amount= 6250 per year

accumulated amount= 6250*4

                              = 25000

book value = 60000-25000

                   = 35000

the book value is $35000

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6) which of the following would best indicate that the firm is carrying excess inventory? a. a decline in sales b. a decline in the current ratio c. a decline in days' sales in inventory d. a stable current ratio with declining quick ratios e. a rise in total asset turnover

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A stable current ratio with declining quick ratios would best indicate that the firm is carrying excess inventory.

When a company has excess inventory on hand than is necessary to fulfill expected demand, this is referred to as excess inventory. This may result in several operational difficulties and budgetary limitations.

A steady current ratio with a decreasing quick ratio over time can be a sign that you've accumulated too much inventory. If a company's quick ratio is much lower than its current ratio, it may be severely lacking in other liquid assets and relying largely on inventory.

A loss of revenue results from having too much inventory. As demand for a certain product declines over time, excess inventory loses value and takes up "shelf space" that could be occupied by a newer product with a larger profit margin.

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james purchased a new business asset (three-year personalty) on july 23, 2018, at a cost of $40,000. james takes additional first-year bonus depreciation but does not elect section 179 expense on the asset. determine the cost recovery deduction for 2018.

Answers

Additional first-year depreciation ($40,000 × .50) $20,000 MACRS cost recovery ($20,000 × .3333) 6,666 Total cost recovery $26,666.

In accountancy, depreciation is a time period that refers to 2 components of the same idea: first, the actual decrease of honest cost of an asset, consisting of the decrease in value of manufacturing facility equipment every 12 months as it's far used and wear, and 2d, the allocation in accounting statements of the unique value of the belongings to intervals wherein the assets are used (depreciation with the matching principle). Depreciation is accordingly the decrease in the price of belongings and the technique used to reallocate, or "write down" the price of a tangible asset (which includes a system) over its useful life span. Companies depreciate long-time period belongings for each accounting and tax purposes.

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, like research and development, that already occurred should not be part of cash flow analysis in the capital budgeting process. a.) salvage values b.) sunk costs c.) replacement costs d.) financing cash flows

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Sunk costs like research and development, that already occurred should not be part of cash flow analysis in the capital budgeting process.

A sunk cost also referred to as a retrospective cost, is an earlier investment that cannot be recovered. Marketing, research, new software installation or equipment, salaries, benefits, or facility charges are a few examples of buried costs in the company.

An expense that has already been incurred and cannot be recovered is known as a sunk cost in economics and business decision-making. The term "sunk costs" is used to contrast with "prospective costs," which are costs that might be avoided if action is taken in the future.

Theoretically, according to economists, sunk costs have no bearing on decisions made in the future. Sunk costs can and do, however, have a big impact on decisions that are made in the present.

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when consumer confidence increases, ad __ . as a result, price level ___ and eventually the sras .

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When consumer confidence increases, ad increases. as a result, the price level increases, and eventually the SRAS decrease.

Because a upward thrust in self-assurance is related to higher consumption and funding call for, it's going to lead to an outward shift inside the advert curve, and a pass of the equilibrium, from E0 to E1, to a better amount of output and a better price stage.

An unexpected exchange that shifts ad; a nice demand shock (along with a boom in customer self-belief) increases ad, however, a terrible demand surprise decreases the advert. A sudden exchange that shifts SRAS; a fine supply shock increases SRAS, but a poor supply surprise decreases SRAS.

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what challenge is often experienced when employees make the transition from hourly worker to supervisor?

Answers

Uncertainty regarding the changing focus and a confusing impression of loss of accomplishment and outcomes. Employees frequently encounter this difficulty while moving from an hourly position to a supervisory position.

Leaving the peer group to become the group supervisor is one of the most challenging leadership transitions. More than any other transition, this one is dotted with landmines. In their excitement over their promotion, many new leaders will fail to lay the necessary foundations for a smooth transfer.

It can be difficult to make the move from employee to supervisor, and many new supervisors end up working too much to make up for it. Potential side effects of overwork include stress, illness, mood swings, and eventually burnout.

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close company purchased merchandise inventory with an invoice price of $9,000 and credit terms of 2/10, n/30. what is the net cost of the goods if close company pays within the discount period?

Answers

$ 8,820 is the net cost of the goods if close company pays within the discount period with an invoice price of $9,000.

given data:

invoice price = $9,000

credit terms are 2/10, n/30

Net Cost of Goods = invoice price -( invoice price / discount )

2/10, n/30 is known that if the payment will be made with in 30 days of purchase, it can get a discount of 2 % on purchases.

discount = 2%

by substitution, we get:

= $ 9,000 - $ 9,000 * 2%

= $ 8,820

the net cost of the goods is $ 8,820

The actual cost of a product as paid for by the end user retailer to the manufacturer or distributor is known as the invoice price. The "invoice cost," or the price of a product, differs from the "net purchase cost" in many industries.

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A business that is legally regarded as a separate entity from it's owners is called a
O non-profit
O partnership
O corporation
O sole proprietorship

Answers

A business that is legally regarded as a separate entity from its owners is called a corporation. Hence the correct choice of answer for this question is an option (c).

Give a brief account of the corporation.

A corporation's stockholders are not considered to be part of it legally. Corporations and individuals have many of the same legal rights and responsibilities. They have the authority to enter into agreements, give and receive loans, sue and be sued, appoint staff, own property, and pay taxes.

The majority of big companies are corporations, such as Microsoft Corp. and Coca-Cola Co. Some corporations operate both under their own identities and under different company names.

While a corporation's exact legal definition varies from jurisdiction to jurisdiction, its most crucial feature is always a limited liability. This indicates that, despite the possibility of dividends and stock appreciation, shareholders are not individually liable for the obligations of the company.

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Who is most likely to be treated with deference, such as always getting the best seat in the conference room during meetings? question 1 options: vice president of sales sales rep sales assistant sales manager

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Answer: Vice President of Sales

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