Debit to accumulated depreciation for $22,500.
As for the information provided,
Depreciation under straight line method for each year = ($45,000 - $5,000)/8 = $5,000 for each year.
Depreciation for 4 years = $5,000 * 4 = $20,000
Depreciation in 5th year for 6 months = $5,000/2 = $2,500
Total depreciation till 1 July Year 5 = $20,000 + $2,500 = $22,500
Carrying value of equipment in books as on date of sale = $45,000 - $22,500 = $22,500
Sale price = $20,000
Profit or loss on sale of equipment = $20,000 - $22,500 = - $2,500
So therefore, there is loss of $2,500
Thus, option c and option d are invalid.
Further cash received on sale is debited and not credited thus, option a is also invalid.
As the total accumulated depreciation = $22,500
The correct entry will include debit to accumulated depreciation of $22,500.
Thus, option b is correct.
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boersma sales, incorporated, a merchandising company, reported sales of 7,100 units in september at a selling price of $682 per unit. cost of goods sold, which is a variable cost, was $317 per unit. variable selling expenses were $44 per unit and variable administrative expenses were $22 per unit. the total fixed selling expenses were $157,200 and the total administrative expenses were $338,000. the contribution margin for september was:
The total selling expenses were $338,000then the contribution margin for September was $2,591,500
Gross Margin = Revenue - Cost of goods sold
= (7100 × 682) — (7100 × 317) =
= 2,591,500
Only the cost of items sold is deducted from sales in order to calculate gross margin. All variable expenses are subtracted from revenue to calculate contribution margin .The money left over after sales after paying all variable costs related to producing a product is a company's contribution margin, often known as the gross margin. Your net income, or profit, is obtained by deducting fixed costs from your contribution margin, such as rent, equipment leases, and employee pay.
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the marginal revenue of a monopolistically competitive firm group of answer choices can be negative if the firm charges a low price and sells a large quantity of the good. can be negative if the firm charges a high price and sells a small quantity of the good. cannot be negative because the price the firm charges will always be greater than zero. will equal average revenue.
The marginal revenue of a monopolistically competitive firm option(a) can be negative if the firm charges a low price and sells a large quantity of the good.
What is marginal revenue?Marginal revenue is an increase in income resulting from the sale of an additional unit of product. Even though marginal revenue can remain constant over a certain output level, it will eventually decrease as output increases due to the law of diminishing returns.
Firms that are ambitious should produce output until marginal revenue approaches marginal cost.
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your manager is excited about the potential of an ai sales solution. however, she's concerned that sales reps will fear for their jobs. what do you tell her?
I would tell the manager that AI for sales actually frees up sales reps to concentrate on building relationships with customers.
AI is widely used in digital marketing initiatives when speed is essential. AI marketing solutions evaluate data and consumer profiles to determine the most effective ways to interact with customers, ensuring maximum efficiency. They then send them personalized communications at the right time without assistance from members of the marketing team.
Artificial intelligence (AI) is being used by businesses to boost lead volume, close rates, and sales performance overall. This is so that technology can automate and improve a significant piece of the sales process. Salespeople can focus on what matters as a result: closing the transaction Although it's true that some of the time-consuming tasks that salespeople are currently required to complete will eventually be replaced by artificial intelligence
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after his son was born, john took three weeks of unpaid leave from his company. he returned to his regular full-paying job after the three weeks. which type of family-friendly benefit did john use?
Since john took three weeks of unpaid leave from his company, the type of family-friendly benefit that john use is family leave.
What is meant by unpaid leave?It is a period of time when an employee is permitted to miss work due to a holiday, a sickness, or another unusual circumstance, but they are not compensated for it: 13 weeks of unpaid leave are available to parents of small children.
Hence, For a variety of reasons, including family emergencies, medical appointments, and child care, an employee may ask for an unpaid leave of absence. Although employers are not required by law to pay their workers for non-statutory time off, many of them do so under particular conditions.
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What is the major difference between a block style business letter and a modified block style letter?.
Block style and a modified block style letter differ from each other with respect to the placement, formatting, and alienation of sender and receiver address.
Business letter
A business letter is a formal document intended to convey information to several recipients, either internally or outside. Block style and modified block style letters are both types.
Block style letter
The full-block form is the standard format for a formal business letter. Use the complete block format as a safe choice if you're unsure. The paragraphs are not indented for this kind of layout. All elements of the business letter, including the sender and recipient addresses, are left-aligned in the full-block format. A new paragraph is indicated for readability by skipping a line.
Modified block-style letter
The sender's address is positioned to the right in the modified block form, but else it is identical to the full block form. Compared to the full-block format, this format is a little less formal. When writing to someone with whom you have a professional relationship, this structure works well.
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mortgage brokers sometimes deny mortgages and real estate agents may decline to show a house to a prospective buyer on the basis of the person's race. these discriminatory practices are best described
Discriminatory practices such as mortgage brokers denying mortgages and real estate agents declining to show a house to a prospective buyer based on person's race are described as institutional discrimination.
Give a brief account on institutional discrimination.The unfair treatment of a person or group of people by institutions like governments or educational institutions is known as institutional discrimination. The aims, policies, rules, and regulations of an organization typically contain these unfair and subtle types of discrimination. Based on socioeconomic status, gender, caste, race, or ethnicity, prejudice may exist.
Minority groups are much more prone to endure some types of sociostructural disadvantage than majority groups, such as communities of African descent in the United States. On those who are affected, institutionalized prejudice has substantial and enduring negative effects, including rising death rates, hindered economic growth, and limited access to healthcare.
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Suddenly crossing your arms after an interviewer asks a question may
look like you are uninterested
raise a red flag
come off as disrespectful
show you are comfortable
The body posture of crossing your arms after an interviewer asks a question may raise a red flag.
What are the likely intrepretation of Crossing arms?In an interview, the crossing of arms can mean many things. But usually, the candidates who cross their arms in front of their chest during an interview probably feel insecure and defensive. Most people dislike seeing others crossing their arms because it’s distancing but as a natural reaction, when meeting a stranger, it can be considerd as good sign when candidates unfold their arms later during their interview.
To others, the gesture of crossing of arms or legs can make you seem less accessible and communicative in an interview because it creates a physical barrier between you and the interviewer.
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Answer: raise a red flag
Explanation:
an investment is expected to generate noi of $150,000 in year 1, growing by 2% per year. assume a 3-year holding period, a terminal cap rate of 7%, and a discount rate of 8%. what is the value of the investment? how much should the investor be willing to pay?
The current value of a potential payment stream can be determined using the net present value (NPV) method.In capital budgeting, the NPV is used to compare whether an investment will produce positive cash flow in the future.
How Does Net Present Value Work?
A capital budgeting analysis method used to determine whether a long-term project will be profitable is net present value.The NPV formula is based on comparing an initial investment to a project's future cash flows.
The fact that $1 today is not the same as $1 tomorrow is an important aspect of the NPV formula. A sum of money today is worth more than the same sum of money in the future (assuming positive returns are anticipated) because money today can be used to generate returns in the future.
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question 6 a data analyst wants to save stakeholders time and effort when working with a tableau dashboard. they also want to direct stakeholders to the most important data. what process can they use to achieve both goals?
When working with a tableau dashboard, a data analyst wants to save stakeholders time and effort. They can also use pre-filtering to direct stakeholders to the most important data. Because it directs stakeholders to the most important data, pre-filtering saves time and effort.
A stakeholder is a person, group, or organization that is affected by the outcome of a project or business venture. Stakeholders have an interest in the project's success and can be from within or outside the organization that is sponsoring it.
A stakeholder in a business is any individual, group, or party who has an interest in an organization and the outcomes of its actions.
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return on investment can be split into which of the following two measures? multiple choice investment center income and profit margin. profit margin and net income. investment center average assets and investment turnover. residual income and operating income. profit margin and investment turnover.
Return on investment can be split into profit margin and investment turnover.
Return on investment is calculated by dividing the firm's capital turnover ratio by the sales margins. This is useful for comparing a division or product line to others, but it shouldn't be the sole factor used to assess performance. It is employed to assess an investment's potential or to evaluate it in relation to other investments. In this kind of investment, the amount of money invested and the returns are weighed against one another.
Investment gauges how successfully a business generates revenue from the assets it has invested in. While the margin is the amount of profit that remains after a firm deducts its cost of goods sold, selling and administration costs, depreciation, tax, and interest costs. Simply said, the margin is the firm's revenue figure less the spending line items.
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phillip has been hired as a consultant to review a company's contracting and purchasing procedures. he began by reviewing recent contracts that were awarded and ones that the company lost. then, phillip interviewed employees in both units to ascertain if there were any concerns regarding process, work flows, communication, and expectations. phillip learned that the company had rewarded the number of contracts awarded and gave bonuses for higher amount contracts. phillip recommended a new system that rewarded contracts that aligned with the company's mission, regardless of financial amount. how was phillip applying the systems model of change?
According to the given information, Phillip was applying the systems model of change as a diagnostic framework.
In order to maximize operational and financial performance at an organization while lowering financial risk, contract management involves managing the creation, execution, and analysis of contracts. Increasing amounts of pressure are placed on businesses to cut expenses and boost performance. An efficient and automated contract management system is required because managing contracts turns out to be a very time-consuming aspect of doing business.Typically, contract management includes a few crucial phases. There is the preliminary or pre-award stage. This is all the work that needs to be done before an agreement is made with anyone, whether it be a company or an employee. The process is given a prize during the middle stage. All the paperwork required to formally ratify the agreement is included. The post-award phase comes in third. Here's where a lot of contract management and upkeep comes into play.The contract management process can be thought of in more stages depending on how in-depth a view you're taking, but those three basic stages are a straightforward way to break it down into three phases. A more in-depth look at the procedure will be covered later.Learn more about Contract management, here
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the demand curve for each seller's product in perfect competition is horizontal at the market price because
The demand curve of an uncompetitive business is a horizontal line at the market price. This means that it receives the same price for each unit sold.
The negligible income got by the firm is the adjustment of absolute income from selling another unit, which is the steady market cost.
In perfect competition, why is price horizontal?
Because the prices are determined by the forces of supply and demand in the market, the demand curve is horizontal for each company in a market that is highly competitive. As a result, the businesses take prices. Customers will not be willing to purchase from a business that attempts to charge more than the current market price.
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wendy, who is single, worked her way through college earning an annual taxable income of $12,000 in 2021. her first job after graduation will give her a taxable income of $35,000 per year. using the tax table, what is her marginal tax bracket in 2021 while she is still in school and what will it be when she graduates?
Marginal tax bracket in 2021 while she is still in school is 34 percent, and it will be 34 percent when she graduates.
What is the typical tax rate I pay?Divide total taxable income by total taxes to get the average tax rate. By isolating the absolute pay by the all out charges paid in each section, the typical duty rate not set in stone. The average tax rate will always be lower than the marginal rate.
For $92000, what is the tax rate?If you live in California, USA, and earn $92,000 annually, you will owe $26,681 in taxes. Your net pay will therefore be $65,319 per year, or $5,443 per month. Your average tax rate is 29.0%, while your marginal tax rate is 41.0 percent.
Taxable income divided by income times 100 is the marginal tax rate.
12000 / 35000 = 0.34 * 100 = 34%
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Marina is a manager who has poor leader–member relations with her employees who perform unambiguous, easily understood tasks. She should use a task-oriented leadership style.
Answer:
False
Explanation:
Marina is a manager who has poor leader–member relations with her employees who perform unambiguous, easily understood tasks. She should use task-oriented leadership. Hence, the above statement is False.
What is the meaning of Manager?Whether an organization is a for-profit corporation, a government agency, or a nonprofit, management is the administration of that entity. It is both the science and the art of managing a company's resources.
In addition to assisting to establish key performance metrics and goals to advance the company, they serve as departmental leaders. A manager must also support employee growth and revise their approach to provide their team direction and clarity on what they are working on.
Informational, interpersonal, and decisional roles are the three main types of responsibilities that managers play. Business planning, decision-making, problem-solving, communication, delegation, and time management are just a few of the talents that make up management. A manager's abilities can make a difference. being able to listen rather than hear.
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pet products inc. manufactures two products, cat bowls and dog bowls, from a joint process. cat bowls are allocated 50% of the total joint costs of $20,000. there are 1,000 cat bowls produced and 1,000 dog bowls produced each year. cat bowls can be sold at the split-off point for $11 per unit, or they can be processed further into an extra fancy cat bowl for additional processing costs of $4,920 and sold for $14 each. what is the difference in operating income between processing the cat bowls further versus selling them off at the split-off point?
The difference in operating income between processing the cat bowls further versus selling them off at the split-off point is -$1,920.
What is operating income?
Operating income is the adjusted revenue of a business after all operating costs and depreciation have been taken into account. The charges incurred to maintain the operation of the business are known as operating expenses.
Calculating the operational income difference:
After additional processing, sales income (1000*14) 14000
At the split-off point, sales revenue (1000 x 11) 11000
3000 in additional revenue
Cost Incremental -4920
Increased revenue (loss) -1920
Operating income (loss) difference = -1920
The ability of your company to make money from its operational activities is demonstrated by operating income. The operating income figure is frequently used by business owners to assess the operational success of their enterprise. Potential creditors and investors might be interested in your company's operating income.
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a construction company in the united states, in comparison with a small economically disadvantaged country, will most likely use group of answer choices the same amount of capital resources. fewer capital resources. less technology that the poorer nation. more capital resources.
A construction company in the united states, in comparison with a small economically disadvantaged country, will most likely use more capital resources.
With the largest GDP and GDP per capita among industrialized nations, the United States is one of them.
As a result of production at scale economies, it uses more capital resources when compared to a small economically underdeveloped nation. In addition, it will make use of more advanced technology to increase output while reducing input costs.
An economic notion known as capital resources refers to components created by humans and used in the production of commodities or services. They are assets that enable the business to continue its beneficial operations.
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compared to traditional goods, digital goods have: group of answer choices higher copying costs. higher marginal costs. higher inventory costs. higher delivery costs. lower marginal costs of production.
A conventional economic system is based on customs, culture, and firmly held beliefs. A traditional economy is a financial system in which norms and convictions determine the benchmark and method of appropriation, as well as the goods and labor produced by the economy.
a) a greater degree of pricing flexibility is the best choice.
What are the three features of a conventional economy?When compared to modern economies, traditional economies possess a number of unique characteristics. They are based locally and geographically, use barter, have little to no surplus, and they don't throw away any of the products they make.
Who utilizes the conventional economy?The World Population Review classified Greenland, Brazil, Haiti, Alaska, Yemen, Canada, and Haiti as traditional economies in 2022.Asia, Africa, Latin America, the Middle East, and Asia are home to the majority of conventional economic systems.
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the present floating exchange rate system was group of answer choices designed by the imf and implemented flawlessly in 1973. established by the major trading nations in 19721 after nixon closed the gold window. implemented in tandem with a reintroduction of the gold standard. established after several trials in which central bankers set rates incorrectly and speculators corrected them in the markets, and formalized after the fact in the imf's jamaica agreement.
The present floating exchange rate system was established after several trials in which central bankers set rates incorrectly and speculators corrected them in the markets, and it was formalized after the fact in the IMF's Jamaica Agreement.
An exchange rate system is basically a currency system, which determines the value of the domestic currency with respect to another country's currency. To the fixed type of exchange rate systems which is the gold standard and Bretton Woods. As the name suggests gold standard relied on the exchange of gold while Bretton Wood relied on the central bank management.
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a problem is listed below. identify its type. after graduation in 3 years, antwone would like to take a much needed vacation to the caribbean islands. he anticipates that the all inclusive vacation package will cost him $3,300. his bank will pay 6% per year compounded semiannually. how much does he need to deposit into this account each semiannual period, so that he can take his vacation in 3 years? a) sinking fund b) amortization c) present value of an annuity d) future value with compound interest e) present value with compound interest f) none of the above.
$500 is the semi-annual deposit.
How is compounded annually determined?In order to compute compound interest, multiply the principle of the original loan by the annual interest rate multiplied by the number of compound periods minus one.
Explanation:
Providing the following details:
He expects to pay $3,300 for the all-inclusive holiday package. His bank will pay 6% annually compounded every two years.
Using the following formula, we can determine the semiannual deposit:
FV= [(1+i)n-1]/i A*
A= a semi-annual payment
Separating A:
A=(FV*i)/[(1 + I n]-1
A= {3,000*0.035) / [(1.035^6) - 1]
A= $458
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the sarbanes-oxley act of 2002 attempts to increase corporate accountability by imposing strict disclosure requirements and harsh penalties for securities laws. true false
True. The Sarbanes-Oxley act of 2002 attempts to increase corporate accountability by imposing strict disclosure requirements and harsh penalties for securities laws.
In 2002, the legislation's proponents, U.S. Senator Paul Sarbanes (D-MD) and U.S. Representative Michael G. Oxley gave it the moniker Sarbanes-Oxley (R-OH). Therefore, in order to be "SOX compliant," upper executives must personally vouch for the correctness of financial data. Additionally, the consequences of engaging in dishonest financial conduct are very harsh.
The act strengthened the responsibility of directors in providing supervision and expanded the independence of external auditors who check the accuracy of business financial statements.
In response to many significant accounting and corporate scandals, including those involving Enron, Tyco International, Adelphia, Peregrine Systems, and WorldCom, the measure was passed. These crises destroyed people's faith in the US securities markets and lost investors thousands of dollars as the share prices of the corporations involved fell.
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explain how marty would select a sample of sales transactions as well as vouch the sales transactions. what primary assertion is marty testing with the vouching procedure?
Depending on the item sold through different transactions, Okawa Inc.'s sales transactions range in value from a few dollars to millions of dollars.
From the aforementioned scenario, it would seem that Marty is in charge of auditing Okawa Inc.'s sales transactions. Okawa Inc.'s line of work includes supplying the mining industry with a variety of makes and models of standard handing tools.
⇒ Marty can use the following techniques to compile information about the sales transactions:
Step 1: Verify and perform reconciliations for any differences, if any,
between the sales as reported in the ledger and the sales book.
Step 2: Look into any reconciling items that may exist.
Step 3: Check to see if the stated accounts receivable balance and the
general ledger balance match up because this has a direct
impact on sales.
Step 4: Select a sample of the sales transactions that were entered into
the sales book to check the accuracy and legitimacy of the
transactions.
Step 5: Get a list of supporting documents, such as invoices, purchase
orders, receipts, delivery notes for goods, etc. for each of these
samples that you have chosen.
Step 6: Examine any reported sales returns for credit memos that were
issued during the appropriate timeframe, etc.
Step 7: Carry out analytical procedures over an extended period of time
to confirm that sales have been consistent with those of prior
years.
Step 8: Send customer confirmations to check the accuracy of any
amounts that have not yet been received in full.
Step 9: Conduct a reverse audit using samples of invoices, delivery
notes, and other documents to check whether they were
correctly entered into the sales book or sales ledger.
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Complete question:
Marty has to audit the sales transactions of Okawa Inc. Okawa supplies tools to the mining industry and carries a large number of different makes and models of standard mining tools. Okawa also designs and manufactures tools for special purposes and for miners operating in difficult conditions. The custom-designed tools are made only on the signing of a contract and receipt of a deposit, whereas standard tools are supplied to regular customers on receipt of a phone or email order. Okawa's sales transactions vary from a few dollars to millions of dollars depending on the number of items sold, whether the individual items are large or small tools, and whether the tools are standard items or custom designed.
Marty is instructed to gather evidence about the sales transactions using sampling and vouching. This is explained in detail in the audit program.
Required
a. Explain how Marty would select a sample of sales transactions as well as vouch the sales transactions. What primary assertion is Marty testing with the vouching procedure?
b. How could Marty use ADA as a substantive procedure?
multinational corporations are often criticized for exploiting the host countries where they operate. can mnc operate ethically in corrupt environments/countries ? why not?
Multinational corporations are frequently criticized for abusing the host nations in which they conduct business. Can a corporation behave morally in unethical situations or nations.
It is crucial to examine all potential impact areas for the business, including government, employee, supplier, investor, and consumer protectionism, as well as shared ethical, legal, and cultural norms for stakeholders, before creating rules and regulations that don't harm the nation.
International corporations make foreign direct investments. This promotes capital flows to developing and underdeveloped economies. It also produces jobs. Even though they may be modest by developed-world standards, the pay are better than alternatives and progressively contribute to raising wages in the developing-world.
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in analyzing unsystematic risk, all of the following would be unsystematic risk except: group of answer choices asset-specific risk. market risk. diversifiable risk. unique risk.
In analyzing unsystematic risk, all of the following would be unsystematic risks except market risk.
A market is a place in which customers and dealers can meet to facilitate the change or transaction of goods and services. Markets can be physical like a retail outlet, or virtual like an e-retailer. different examples include unlawful markets, auction markets, and financial markets.
The marketplace definition provides a framework for opposition analysis. for instance, marketplace shares can be calculated most effectively after the market has been described, and, whilst thinking about the capacity for a brand new entry, it's far essential to identify the marketplace that is probably entered.
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jennifer is offered a two-year employment contract with the local police department that is contingent upon her first passing a physical examination. what type of contractual condition is involved in this case?
Jennifer is given a two-year contract with the local police department if she passes a physical examination. In this scenario, a precedent sort of contractual condition is at work.
A physical examination, medical examination, or clinical examination is performed on a patient to look for any possible medical signs or symptoms of a medical disease. It often consists of a series of questions regarding the patient's medical history, followed by an examination based on the stated symptoms. The medical history and physical examination work together to help determine a diagnosis and develop a treatment strategy. These details are then incorporated into the medical record.
The routine physical, also known as a general medical examination, periodic health evaluation, annual physical, comprehensive medical exam, general health check, preventive health examination, medical check-up, or simply medical, is a physical examination performed on an asymptomatic patient for medical screening purposes.
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he pack company purchased an office building for $4,500,000. the building had an estimated useful life of 40 years and an expected salvage value of $500,000. calculate the depreciation expense for the second year using the double-declining balance method
Depreciation can be calculated in a number of ways, including: Method of straight lines. Method of writing down values.
The second-year deficit was $213,750.
Cost: $4,500,000
residual value: $500,000
base depreciable: $4,000,000;
life: 40 years
$4,000,000 ÷ 40 = $100,000
SLM depreciation equals $100,000 per year.
$100,000 ÷ 40 = 2.50%
2.50 percent SLM Rate
The DDB rate is 5%.
How is the declining balance method calculated?Depreciation per annum = (Net Book Value - Residual Value) x % Depreciation Rate Net Book value is the cost of a fixed asset minus the accumulated (total) depreciation. This is the formula for calculating depreciation value using the declining balance method.
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a problem is listed below. identify its type. beginning in 2 years, a new booster club at a certain high school would like to award an outstanding senior on the varsity soccer team with a check of $1,500 towards the student's college tuition. since there is a boy and girl team, they wish to award one senior boy and one senior girl the same amount of money. thus, the club will need $3,000 at the end of 2 years. how much must the booster club invest each semiannual period in an account that pays 6% per year compounded semiannually to have the desired funds in 2 years? a) future value of an annuity b) future value with compound interest c) amortization d) present value of an annuity e) sinking fund f) none of the above.
The sinking fund must the booster club invest each semiannual period in an account that pays 6% per year compounded semiannually to have the desired funds in 2 years.
A sinking fund is a fund created by an economic body through recurrent investments made over time to cover future costs. Therefore, the booster club may use this sinking fund technique to finance its upcoming costs for honoring a distinguished senior on the varsity soccer team.
The final sum of repeating payments made at regular intervals and at a specific rate of interest is the future value of an annuity. The word "sinking fund" is used in more conventional contexts to describe funds placed aside to pay off long-term debt, such as a bond.
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In the narrowest definition of money, m1, savings accounts are excluded because they are.
Savings accounts are not included in the M1 definition of money since they are not a medium of exchange.
Because doing so would essentially include the same amounts twice—once as cash and again as a deposit—cash in bank vaults isn't included in M1. The purpose of vault cash is to offer deposits from clients liquidity. In order to ensure that there is $100 in your account when you try to withdraw it, the Federal Reserve mandates banks to hold a specific percentage of deposits as cash on hand. That $100 was part of the bank's demand or checkable deposits when it was kept in the bank. When you take it out, it starts to function as legal tender.
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due to various fraudulent business practices and accounting coverups in the early 2000's, congress enacted the sarbanes-oxley act of 2002. the act was responsible for establishing a new oversight board for public accountants called the
The Sarbanes-Oxley Act of 2002 was established in response to many illegal company practices and accounting coverups in the early 2000s. The legislation was responsible for establishing the Public Company Accounting Oversight Board, a new oversight board for public accountants. Thus, the right answer is the Public Company Accounting Oversight Board.
What is the Public Company Accounting Oversight Board?The Sarbanes-Oxley Act of 2002 established the Public Company Accounting Oversight Board as a nonprofit corporation to oversee audits of public companies and other issuers in order to protect investors' interests and further the public interest in the preparation of informative, accurate, and independent audit reports. To improve investor safety, the PCAOB also regulates broker-dealer audits, including compliance reports filed under federal securities laws. The US Securities and Exchange Commission must approve all PCAOB rules and standards.
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true or false: partners in a profitable communal relationship primarily focus on scrutinizing their personal profits
Partners in a profitable communal relationship primarily focus on scrutinizing their personal profits. This statement is false.
In close partnerships known as communal connections, partners put aside their needs for reciprocity and exchange, supporting the other person in order to meet their needs without taking their own interests into account. Exchange relationships, in which each partner keeps track of his or her contributions to the partnership, are contrasted with communal partnerships.
To put it simply, partners in long-lasting relationships are conscious of each other's needs and make an effort to address them fairly. However, partners in the happiest partners are also able to see beyond their own benefits and consider the relationship in a communal way.
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If demand is ______ with respect to price, a price increase will ______ total revenue.
If demand is inelastic with respect to price, a price increase will increase total revenue.
In the field of economics, an inelastic demand can be described as a demand of a product that is not changed either by increasing or decreasing the price of a product. The customers will still be interested in buying the product if the price becomes lower or greater.
Hence, for products that have an inelastic demand, an increase in the price of the product will mean that the total output or revenue from this product will increase.
Normally, demand for inelastic products is those that are a necessity, and hence customers have to buy them at any cost.
Although a part of your question is missing, you might be referring to this question:
If demand is ______ with respect to price, a price increase will ______ total revenue.
elastic; increase
inelastic; increase
unit elastic; decrease
inelastic; decrease
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