Answer:
keep producing in the short run but exit the industry or go out of business in the long run
Explanation:
A perfect competition is characterised by many buyers and sellers of homogeneous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
A firm should shut down in the short run if price is less than average variable cost. But since the diner's price is greater than average variable cost, it should continue production.
A firm should exit the industry in the long run if price is less than average total cost. the diner's price is less than average total cost, so it should shut down in the long run
intext:"A company has 50,000 shares of common stock outstanding. The stockholders' equity applicable to common shares is $1,470,000, and the par value per common share is $5. The book value per share is"
Answer:
$29.4 per share
Explanation:
A company has 50,000 shares of common stock outstanding
The stockholder's equity that is applicable to common shares is $1,470,000
The per value of common share is $5
Therefore, the book value per share can be calculated as follows
= $1,470,000/50,000
= $29.4 per share
Hence the book value per share is $29.4 per share
Toyota's just- in- time system is an example of using transfer pricing to avoid price controls. backward (upstream) integration. quasi-vertical integration. horizontal, downstream integration.
Answer:
quasi vertical integration
Explanation:
Quasi vertical integration is the vertical integration in which there is ownership by one firm i.e. downstream that closed to point where consumption ends or the upstream where the specialized tool and equipment are used
Also the firm that controls has a strong position but it is less as compared with the real vertical integration
Therefore according to the given situation, the second option is correct
In concert with quality management programs, _______ controls help monitor the quality of goods or services at each step in the production process to alert managers to problems. feedforward concurrent feedback bureaucratic clan
Answer:
The correct answer is B) Concurrent Controls
Explanation:
Concurrent controls is a management sub-concept in Organisational Control.
Concurrent control is exerted while the activity such as production or manufacturing or service delivery is ongoing, not before or after.
If the control is executed afterwards, it no longer Concurrent but Feedback Control.
Another word for concurrent control is "Yes-No" control or Screening control. Where this is deployed, regular checks are put in place in real-time to ensure that timely course correction is made during the event.
Cheers!
Firms that follow variable-cost pricing Multiple Choice sell their products at lower net prices abroad than in the domestic market. ensure that no unit of a similar product is different from any other unit in terms of cost. tend to have high variable costs relative to fixed costs. often do so to maximize revenue by matching demand with a limited supply. ensure that each unit bears its full share of the total fixed and variable cost.
Answer:
Sell their products at lower net prices abroad than in the domestic market
Explanation:
Variable costing is a product costing method where only the variable manufacturing cost like the cost of direct materials ,labor and the variable manufacturing overhead are factored into the cost of production. This does not consider a complete cost like the absorption method of costing and as a result , the final overall cost is lower,
Using variable cost males it possible to sell products at lower net prices abroad compared to the domestics market as the tax laws of various country requires absorption method , hence it is not captures using variable costing.
The project will need an initial investment of $1,200,000 and will generate $600,000 (after-tax) cash flows for three years. However, at the end of the fourth year, the project will generate -$500,000 of after-tax cash flow due to dismantling costs. Calculate the IRR for the project if the cost of capital is 15%.
Answer:
6.53%
Explanation:
Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested
IRR can be calculated using a financial calculator
Cash flow in year 0 = $-1,200,000
Cash flow each ueaar from year 1 o 3 = $600,000
Cash flow in year 4 = $-500,000
IRR = 6.53%
To find the IRR using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the IRR button and then press the compute button.
The owners of a local deli routinely try to develop new menu items and seek better ways of helping their customers; this is an example of Multiple Choice the production objective. innovation. MBO. efficiency. synergy.
Answer: Innovation
Explanation:
Innovation simply means a creative thought that brings about a new concept, new idea or a better way of doing something.
The owners of a local deli routinely try to develop new menu items and seek better ways of helping their customers is an example of innovation.
Jill wants to start her own business, but knows little about how to set up an accounting system or interpret financial information. "I'm not worried about accounting," she tells her friends. "I'll just hire a part-time bookkeeper to handle all that type of stuff, and focus my attention on what I like—finding ways to satisfy my customers." Which of the following is the best response to Jill's comments?A. Fine. Just make sure the bookkeeper you hire knows how to use a database, since this type of software is the heart of any efficient accounting system. B. Although you can hire someone to keep your books, you'll still need to know how to read, understand, and interpret basic accounting reports in order to make good business decisions. C. Most entrepreneurs would agree with your opinion. The work done by accountants is mainly clerical in nature, so time spent by business owners on accounting tends to take them away from more important tasks. D. You have a good plan. Only managers of large firms require knowledge of accounting. Owners and managers of small businesses can easily get by with just a part-time bookkeeper.
Answer:
B. Although you can hire someone to keep your books, you'll still need to know how to read, understand, and interpret basic accounting reports in order to make good business decisions
Explanation:
You may employ someone to manage the accounts, but you do need to know how to read, understand, and interpret simple reports of accounting to make sound business decisions, as well as understanding whether someone is committing fraud with you. A simple knowledge can help with all of this.
The smooth operation of a company is practically impossible without being able to interpret, comprehend and evaluate accounting reports and financial statements.
Therefore according to the given situation, the correct answer is b
What are some subject areas PAS prepares students for? Check all that apply.
health science
hospitality
agricultural machinery
information technology
landscape design
food science
Answer:
Agricultural
Landscape
Food science
Explanation:
Just took the quiz
Eve files a suit against Financial Associates, Inc. (FA), to enforce an oral contract that would otherwise be unenforceable under the Statute of Frauds. The court could enforce such a contract if
Answer:
Eve foreseeably, justifiably, and detrimentally relied on a promise by FA
Explanation:
In this situation, the court could enforce such a contract if Eve foreseeably, justifiably, and detrimentally relied on a promise by FA. Meaning that the consequences that occurred were caused by the promise that was made to Eve by Financial Associates, Inc. (FA), which ultimately led to Eve making decisions that she otherwise would not have done if FA never made that promise.
You received an email this morning where the content didnât align with the subject or the context in which you were receiving it. It was a jarring experience for you. What was this email not doing?
Answer:
not creating the right email by bringing content and context together
Explanation:
This email was apparently not creating the right email by bringing content and context together. A correct e-mail message needs to connect the content (details) and context (subject) together in order for the receiver to better understand what the message is in regards to and what the full details actually are. Otherwise, the message will either be misunderstood and/or ignored all-together, many times thinking that the message is just spam.
the total export was 1 500 000 and the total import was 2 250 000 .. Calculate the balance of trade?
Answer:
-750,000
Explanation:
The export is generally the profit, or the amount gained from selling (either a service or a product). The import is the loss, as you pay for the commodity or service.
In this case:
Total import: 2 250 000
Total export: 1 500 000
2 250 000 - 1 500 000 = 750 000
The balance of trade is: -750,000 (or a loss of 750k).
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Land and other real estate held as investments by endowments in a government's permanent fund should be reported at
Complete Question:
Land and other real estate held as investments by endowments in a government’s permanent fund should be reported at
Group of answer choices
A. Historical cost.
B. Fair value less costs of disposal.
C. Fair value.
D. The lower of cost and net realizable value.
Answer:
C. Fair value.
Explanation:
Land and other real estate held as investments by endowments in a government's permanent fund should be reported at fair value of the reporting date except for the exception of life insurance contract, external investment pool, money market investment etc.
The fair value can be defined as the actual or real value of an asset, security, product or item in financial accounting.
Glenda, the plant manager for ABC Corporation, views the results from the latest survey of employee attitudes. The results show that job satisfaction in the manufacturing plant has dropped significantly since the last survey. This is a ________ source of change.
Answer:
Human resource problem
Explanation:
Human resources is defined as the people that make up the workforce of a business entity. It is also termed manpower, labour, and personel that make up the employee base of a company.
Considerations of human resources are welfare, benefits, hiring, training, and records. These activities have to be satisfactory to maintain a productive workforce.
In the given scenario Glenda views the results of job satisfaction in the manufacturing plant and notices it has dropped significantly since the last survey.
This is a sign that there is a problem related to the human resources of the company.
Job satisfaction will need to be improved to increase employee productivity
Under the NASAA model custody rule, an investment adviser would be considered to have custody of client assets if that adviser inadvertently receives:
i. a check from a client from a client made out to the IA and does not return the check within 24 hours
ii. a check from a client made out to a third party and Does not forward the check within 3 business days
iii. stock certificates from a client and does not forward them within 3 business days
iv. stock certificates from a client and does noT return them within 3 business days
Answer:
(ii) A check from a client made out to a third party and does not forward the check within 3 business days .
(iv) Stock certificates from a client and does not return them within 3 business days.
Explanation:
As per the NASAA model custody rule, the investment advisor will have the custody of the assets of the client an associated person only if the adviser accidentally receives ' a check has been made by the client to the third party but it is not forwarded within three business days' and when 'the certificates of stocks from the client not returned to them within three business days.' Thus, these indirect documents make the adviser eligible to have custody of client's possessions. Thus, the options ii and iv are the correct answers.
What type of analysis is indicated by the following? Increase (Decrease) Year 2 Year 1 Amount Percent Current assets $380,000 $400,000 $(20,000) (5)% Fixed assets 1,680,000 1,500,000 180,000 12%
Answer:
Horizontal Analysis
Explanation:
Horizontal analysis can be seen as the type of analysis that effectively and efficiently carryout comparison of a company or an organisation account balance as well as the company ratio which is why HORIZONTAL ANALYSIS is essential and vital for the success of a company or an organisation because it enables the company to know how well they are doing financially or to enable the company know whether they are making profit or loss. EXAMPLE Horizontal analysis occur when a company or an organisation compare their sales in year 1 with that of their sales is year 2.
Select all businesses directly involved in marketing.
Bank
Marketing research form
medical center
government agency
car dealership
advertising agency
Answer:
The correct options are;
Marketing research firm
Advertising agency
Explanation:
Marketing research firms are firms that undertake field data sourcing and assessment with regards to goods and services consumers, local and international competitors, market distribution networks as forces and participants as well as other factors that determine a market place. Market research firms usually work in behalf of other organisations
An advertising, creative, or ad agency are establishment that plan, handle and develop advertising, sales promotions and marketing campaign for their business customers.
Michaela is comparing two companies using three years of financial statement data. Company A's net income for the three years was $200 million and its operating cash flows $80 million. Company B's net income for the three years was $120 million and its operating cash flows $110 million. Which company appears to have a higher quality net income
Answer: Company B
Explanation:
From the question, we are informed that Michaela is comparing two companies using three years of financial statement data and that while Company A's net income for the three years was $200 million and its operating cash flows $80 million, Company B's net income for the three years was $120 million and its operating cash flows $110 million.
The company with higher quality net income is company B. This is because the income of Company B backed strongly by the operating cash flows unlike company A which isn't backed strongly.
Which of the following best describes the valuation principle? A. The rate at which we can exchange money today for money in the future by borrowing or investing is the current market interest rate and is same across all banks. B. It is not possible to compare costs and benefits that occur at different points in time, in different currencies, or with different risks. C. The value of a commodity or an asset to a firm or its investors is determined by its competitive market price. When the value of the benefits exceeds the value of the costs in terms of market prices, the decision will increase the market value of the firm. D. If equivalent goods or securities trade simultaneously in different markets across the world, they will trade for the same price.
Answer:
C. The value of a commodity or an asset to a firm or its investors is determined by its competitive market price. When the value of the benefits exceeds the value of the costs in terms of market prices, the decision will increase the market value of the firm.
Explanation:
Valuation principle is the process by which fair value of an asset is evaluated. It is determined by comparing its competitive market price against its benefits.
As the benefits of an asset exceeds its cost of purchase it increases in value.
Various methods are used to value an asset based on present value and projected value.
For example an analyst can consider the future purchasing power of a stock and use this as a basis for valuation rating
All the following statements concerning variable life insurance are correct EXCEPT: Group of answer choices The policyowner can invest the cash value in different investment accounts. The premium is level and guaranteed not to increase. The death benefit can vary with the policy's investment experience. Cash surrender values are guaranteed.
Answer:
D. Cash surrender values are guaranteed.
Explanation:
Variable Life Insurance is an insurance policy that requires a specific amount of the premium paid by the insurance holder to be dedicated to the investment funds and assets of the company offering the insurance policy. It is important to know that
1. there is a cash value account that can be invested in different subaccounts in this type of policy.
2. The premium level is fixed and the policyholder is expected to pay it on a regular basis. He can be assured that the premium level will not increase.
3. A death benefit is also guaranteed to be paid to a beneficiary chosen by the policyholder, but the amount to be paid as the death benefit depends on how good or bad the policy's investment performed.
But then it is important to note that the cash surrender values are not guaranteed because there is a risk factor. They can fluctuate depending on whether the policy performed poorly or excellently.
Correctly match the account balances related to AFS securities with the correct financial statement presentation
(1) Other Comprehensive Income
(2) Net Income
(3) Accumulated Other Comprehensive Income
(a) Realized gains and losses from the sale of AFS securities
(b) Net fair value adjustments to date - net holding gains and losses to date
(c) Current period holding gains or losses
Answer:
Available-for-Sale Securities (AFS) are security instruments of another company that a company buys intending to sell before it matures or in the case of no maturity, the company intends to hold it for a while.
1. Other Comprehensive Income - Current period holding gains or losses
Available for Sale securities will see their values change as time goes on. The changes in their value have to be reflected in the books but because no money is actually being accrued or lost, this cannot be reflected in the Income statement. The various gains or losses in the current period will be recorded in Other Comprehensive Income.
2. Net Income - Realized gains and losses from the sale of AFS securities
When the AFS is actually sold, the gains or losses accrued will be sent to the Income statement as actual cash has now been accrued from its sale.
3. Accumulated Other Comprehensive Income - Net fair value adjustments to date - net holding gains and losses to date.
While the various gains or losses in the current period will be recorded in Other Comprehensive Income, the accumulated gains or losses over the entire periods the security has been held is reported in the Accumulated Other Comprehensive Income which falls under the Equity section of the Balance sheet
At his last review, Lazar was told that his reports succeed at projecting a positive tone, but do not seem objective enough. Lazar has asked you, as a trusted colleague, to give him advice on how to improve that aspect of his work. Which of the following will you tell him?A. Use bulleted or enumerated lists to reduce the density of information.B. Provide information, analysis, and advice that is sound, reliable, and unbiased.C. Include an executive summary that provides the quick story of the report.D. Provide a well-designed table of contents.E. Use tables and charts in your report to represent numerical information.
Answer:
B
Explanation:
One of the top characteristics of a good report is that it must maintain a good degree of objectivity .In a good report , enthusiasm and positive emotion should not overtake the judgement of the writer. This means that it must tot be biased in any way and at the same time delivers the desired objective.
Advising Lazar on improving his report , he has to provide information, analysis, and advice that is sound , reliable , and unbiased.
what's stock exchange?
Answer:
A good way to either go bankrupt or to make millions
Explanation:
Answer:
It is a place where shares of pubic listed companies are traded
Under this kind of program, cities demolished poor neighborhoods in city centers that occupied potentially valuable real estate; in its place were constructed retail centers and all-white middle-income housing complexes. a.white flight b.neighborhood stabilization program c.urban renewal d.suburbs
The description explained depicts urban renewal.
Urban renewal were the policies that were out in place to enable housing authorities and local governments to demolish the neighborhoods that were considered to be blighted and poor and then replace such neighborhoods with real estate that were more valuable and were usually reserved for the white people.
Houses that were seen to be slums were destroyed and newer and fascinating neighborhood were constructed.
In conclusion, the correct option is C "urban renewal".
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Advertising could be referred to as _____________________. making the existence of a commodity known to the public and encouraging them to buy getting the government informed about the procedures in courts none of the options making the closure of manufacturing concern
Answer:
Making the existence of a commodity known to the public and encouraging them to buy.
Explanation:
Liam is willing to buy the last ticket to the avant premier of Star Wars for $15, while Alexander is willing to pay $20. Liam is first in line and buys a ticket for $15. Liam could sell his ticket to Alexander for $18, but he can't because of government regulation preventing the reselling of tickets. The regulation, then, is causing:
Answer:
Potential total surplus to increase.
Explanation:
As we know that:
Producer Surplus = Market value - Minimum price to sell
This means that for Liam:
Market value at which he can sell the ticket was $18 and the minimum price was $15
By putting values, we have:
Liam's surplus = $18 - $15 = $3
Now
Consumer Surplus = Consumer willing to Pay - Consumer Paid
For Alexander, the amount he was willing to pay was $20 and what he actually paid was $18 if the regulation hasn't intervened.
Alexander's surplus = $20 - $18 = $2
This means that the regulation prevents the increase in the potential total surplus and this has increased the dead weight loss of $5.
If the dollar appreciates, perhaps because of speculation or government policy, then U.S. net exports Group of answer choices increase which shifts aggregate demand right. increase which shifts aggregate demand left. decrease which shifts aggregate demand right. decrease which shifts aggregate demand left.
Answer: decrease which shifts aggregate demand left
Explanation:
Net exports is calculated when the value of a nation's total imports is deducted from the value of the nation's total exports.
When the dollar appreciates, perhaps because of speculation or government policy, then U.S. net exports decrease which shifts aggregate demand left. This is because due to the appreciation, goods that are made in other countries, that's the import will become cheaper and import rises while export reduces.
Yvonne authorizes Warren to act as her agent and sell her vehicle. Yvonne tells Warren her vehicle has never been in an accident, and Warren, despite knowing Yvonne had been in an accident a year ago in the car, passes this information on to the buyer. Is Warren liable for the misrepresentation:__________
Answer:
no
Explanation:
because he does something that he don't know what will happen ..and do not research for someone who want to hers car
A more professional focus of running events started to take place during the late 1800s. The catalyst for such a professional focus emphasis occurred due to A. the number of career opportunities. B. the multitude of events that were occurring. C. television's impact on events. D. a desire to increase profits.
Answer: D. a desire to increase profits
Explanation:
During the late 1800s, a more professional focus of running events began to take place. The main reason for such a professional focus emphasis occurred due to a desire to increase profits.
It was realized that having a more professional focus on running events could bring about more funds and also bring about more intersted spectators.
is considering an investment with an initial cost of $236,000. In Year 4, the project will require an additional investment and finally, the project will be shut down in Year 7. The annual cash flows for Years 1 to 7, respectively, are projected as $64,000, $87,000, $91,000, −$48,000, $122,000, $154,000, and −$30,000. If all negative cash flows are moved to Time 0 using a discount rate of 13 percent, what is the project's modified IRR?
Answer:
18.54%
Explanation:
The computation of the project modified IRR is shown below:
Here we use the spreadsheet for determining the IRR
but before that we need to find out the cash inflows
Years Amount (in dollars)
Year 0: = - $278,191.12
($236,000 - $48,000 ÷ 1.13^4 -$30,000 ÷ 1.13^7)
Year 1: 64000
Year 2: 87000
Year 3: 91000
Year 4: 0
Year 5: 122000
Year 6: 154000
Year 7: 0
Now we use the excel
=IRR({-$278,191.12,$64,000,$87,000,$91,000,$0,$122,000,$154,000,0})
= 18.54%
I'maSolarPanelCo. manufactures and distributes solar panels in the US market. Two years ago, it had 5 US competitors, but government stimulus in the industry has encouraged 7 new US competitors to enter the market. In these circumstances, I'maSolarPanelCo.'s price for its output
a. can be tailored to exceed the price of its inputs.
b. is dictated by the forces of demand and supply.
c. can be tailored to meet the price of its inputs.
d. can be set by management to maximize profits.
Answer:
B
Explanation:
The situation of the market as described in the scenario is a competitive market. In a competitive market , there are numerous producers that are always in competition with one another . This has taken away the power of dictating the market from just a particular producer . unlike in a monopoly situation.
Price setting is a perfect competition is determined by the market forces of demand and supply.