Bad Debt Expense 17,000 adjusting entry will tanning Company makes allowance for Doubtful Accounts 17,000.
An allowance is a quantum of plutocrats given or distributed generally at regular intervals for a specific purpose. In the environment of children, parents may give an allowance to their child for their eclectic particular spending.
Everyone, including scholars, has a commodity called a Personal Allowance. This is the quantum of plutocrats you are allowed to earn each duty time before you start paying Income Tax. For the the2022/23 duty time, the Personal Allowance is£,570. still, you generally will not have to pay any income duty, If you earn lower than this. However, benefits in kind and vittles exceed the maximum quantities, also the excess constitutes a tested stipend for your hand, If allowances. still, you can also conclude to indicate this as final tax stipend.
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Value takes into account both benefits and price. If price is decreased but benefits remain the same, then.
Value considers both benefits and price. If the price remains constant but the benefits increase the value increases.
The maximum amount an individual will pay for a given good or service is referred to as its economic value. It is determined by a product's benefit and price. The value will rise in tandem with the benefits. The economic value is useful when determining prices at which firms can profit.
If the price remains constant but the benefits increase the value increases.
Demand for goods and services follows the same inverse relationship. When demand rises while supply remains constant, the higher demand leads to a higher equilibrium price and vice versa. Supply and demand fluctuate until an equilibrium price is found.
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assume stock abc has a p/e ratio of 45. analysts forecast its growth over the next five years to be 45%. the industry average p/e ratio is 30 and the industry average growth over the next five years is forecasted to be 20%. is abc a good buy (compared to its industry peers) according to the peg ratio?
Yes, as its PEG ratio is lower than the industry average.
A stock with a PEG ratio of one indicates that it is valued fairly. PEG ratio = P/E ratio/forecast growth rateIf the PEG ratio is less than 1, the stock is undervalued, and if it is higher, it is overvalued.
PEG ratio of ABC stock = 45/45 = 1; industry PEG ratio = 30/20 = 1.5. Based on the PEG ratio, ABC is a good buy because its PEG ratio is lower than the industry PEG ratio.
What does a PEG ratio that is lower mean?
Given expectations for future earnings, the stock may be undervalued more if the PEG ratio is low. For businesses that may have a high P/E ratio and a high growth rate, adding a company's expected growth into the ratio helps to adjust the result.
What if the PEG ratio is lower than one?
A stock that has a PEG ratio below 1.0 may be undervalued and worthy of investment.A stock may be overvalued if the PEG is higher than 1.
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suppose the standard deviation of the market return is 20%. what is the standard deviation of returns on a well-diversified portfolio with a beta of 1.7? (enter your answer as a percent rounded to 2 decimal places.) what is the standard deviation of returns on a well-diversified portfolio with a beta of 0? (enter your answer as a percent rounded to 2 decimal places.) a well-diversified portfolio has a standard deviation of 13%. what is its beta? (round your answer to 2 decimal places.) a poorly diversified portfolio has a standard deviation of 20%. what can you say about its beta?
Systematic and unsystematic risk exist in a stock. The non-systematic risk in a portfolio is reduced when two or more stocks are added.
Diversification refers to this. Non-systematic risk is nearly nonexistent in a well-diversified portfolio, and systematic risk is the only risk.
Because the portfolio is well-diversified and has a beta of 1.3, the correlation between it and the market is...
Portfolio that is well-diversified. a portfolio with a wide range of securities but little weight on any one of them. The systematic risk of the market as a whole is very similar to the risk of a well-diversified portfolio, and the unsystematic risk of each security has been diversified out of the portfolio.
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true or false? the leadership team must consciously determine the organizational culture of the organization and guide and direct culture through communication improvement.
The leadership team must consciously determine the organizational culture of the organization and guide and direct culture through communication improvement. This statement is TRUE.
What is Organizational culture?
The underlying ideologies, presumptions, values, and social norms that shape an organization's particular social and psychological environment are known as its organizational culture. When a company starts a process to bring its fundamental values and vision together to achieve its cultural goals, organizational culture change occurs.
Organizational culture is manifested in member self-image, inner workings, relationships with the outside world, and expectations for the future. It includes an organization's expectations, experiences, philosophy, as well as the values that influence member conduct.
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one of the defining characteristics of a perfectly competitive market is a. a large number of buyers and a small number of sellers. b. a similar product. c. significant advertising by firms to promote their products. d. a small number of sellers.
One of the defining characteristics of a perfectly competitive market is a similar product.
Understanding perfectly competitive marketA perfectly competitive market is a market whose price will be determined by the market itself (total supply and demand). In a perfectly competitive market, market prices tend to be stable. Regardless of the number of goods purchased or offered, will not increase or decrease the price of goods.
Some examples of perfectly competitive markets are the stock exchange or the capital/money market, the bird market and the market for batik clothing stores.
Features of Perfect CompetitionThe characteristics of a perfectly competitive market are as follows:
• The number of sellers and buyers is very large
• Goods traded are homogeneous (a market that sells only one type of goods)
• Sellers and buyers have the freedom to enter and exit the market or free entry and free exit
• There are no barriers to the mobility of economic resources, from one business to another
• Sellers and buyers understand the state of the market perfectly
• Seller and buyer are free to enter into an agreement
• The government does not interfere with prices, either directly or indirectly.
AdvantagesThe advantages of a perfectly competitive market are as follows:
• Buyers or consumers understand market prices, so there is very little loss or disappointment
• Consumers will feel prosperous, because they are free to enter the market
• There is pure competition, because the goods being traded are homogeneous
• Prices tend to be stable, because market conditions can be known beforehand
• Easy to choose or determine the goods to be traded
• Goods produced can be obtained at the lowest possible cost.
DeficiencyThe disadvantages or weaknesses of a perfectly competitive market are as follows:
• There are only one or two industries/markets that are close to perfect competition
• The existence of external factors that are not taken into account, in the position of the consumer's optimum welfare
• There are no substitutes, because they are homogeneous
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hanson company (see be9.4) borrowed $1,000,000 on march 1 on a 5-year, 12% note to help finance construction of the building. in addition, the company had outstanding all year a 10%, 5-year, $2,000,000 note payable and an 11%, 4-year, $3,500,000 note payable. compute the weighted-average interest rate used for interest capitalization purposes.
According to the given information, the weighted-average interest rate used for interest capitalization purposes is 10.64%
Particulars Principle Interest
5 years 10% Note $2,000,000 $200,000
4 years 11% Note $3,500,000 $385,000
Total $5,500,000 $585,000
Weighted average interest rate = $585,000 / $5,500,000
= 0.1064
Weighted average interest rate = 10.64%
A weighted average computation accounts for the varied levels of significance of the numbers in a data collection. A specified weight is multiplied by each value in the data set before the final computation is completed when calculating a weighted average.When all of the numbers in a data collection are given the same weight, a simple average can be less accurate than a weighted average.All numbers are given equal consideration and weight when calculating a simple average, also known as an arithmetic mean. However, a weighted average applies weights that predetermine the proportional significance of each data point.Learn more about Weighted average interest rate, here
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determinants of interest rate for individual securities a particular security's default risk premium is 3.60 percent. for all securities, the inflation risk premium is 2.60 percent and the real interest rate is 2.55 percent. the security's liquidity risk premium is 1.05 percent and maturity risk premium is 1.50 percent. the security has no special covenants. what is the security's equilibrium rate of return?
Asset-market equilibrium means that demand equals supply for an asset. Economic principle puts forward two equal prerequisites for asset-market equilibrium:
Rate of Return The rate of return equals the market hobby rate; Present Value The asset fee equals the present value of contemporary and future payments.
How do you calculate fee of return manually?ROI is the percentage amplify or decrease of an funding from beginning to end. It is calculated by means of taking the difference between the contemporary or predicted future cost and the unique beginning value, divided by using the original value, and elevated by means of a hundred
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https://brainly.com/question/1789817#SPJ4bids: are legally not enforceable. can be verbal but not written. cannot respond to a petition. can be written but not verbal. can be in response to a solicitation or unsolicited.
Bids can be in response to a solicitation or unsolicited.
What is an Unsolicited Bid?
An offer to buy a business from someone who isn't actively looking for a buyer is known as an unsolicited bid. When the target company doesn't wish to be acquired, unsolicited bids may also be referred to as hostile bids. Unsolicited bids happen when a potential acquirer expresses interest in buying a target firm because they are a result of the target company's value being recognised by the acquirer. In this situation, the acquirer initiated the bid rather than waiting for the bid-upon company to request it. As word of the unsolicited bid spreads, other unsolicited bids may be made in response to the first one.To know more about Unsolicited Bid visit:
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the primary goal of innovation is to:apromote social well being.bincrease the number of jobs.ccreate wealth/solve problems.dsupport national econom
The main purpose of innovation is to generate income and address issues. Thus, the right choice is an option (c.) to create wealth/solve problems.
What exactly does the term "innovation" mean?The actual execution of ideas that result in the introduction of new goods or services or improvements in the delivery of goods or services is referred to as innovation. Innovation is defined as "a new or altered entity realizing or dispersing value." Others have distinct meanings; the focus on newness, improvement, and dissemination of ideas or technology is a common aspect in the definitions. Innovation frequently occurs through the creation of more efficient goods, processes, services, technologies, art works, or business models that innovators make available to markets, governments, and society.
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walton metal needs a new blast furnace that will be delivered in one year. the $1,000,000 price for the blast furnace is due at that time, but the blast furnace manufacturer will take $50,000 off the price if walton pays for the blast furnace today. if walton can earn 7% on their money over the next year, should they pay for the furnace today?
If Walton can earn 7% on their money over the next year, they should pay for the furnace today is 15420.56074766
Given:
The price for the blast furnace = $1,000,000
If Walton pays for the blast furnace today, the price for the blast furnace
= $50,000
[tex]NPV = \frac{Ct}{(1+i)^t}[/tex]
NPV = [tex]\frac{1,000,000}{1.07 - (1,000,000-50,000)}[/tex] = -15420.56074766
The difference between the present value of cash inflows and outflows over time, or net present value (NPV), is what we refer to as this. The profitability of an anticipated investment or project is examined using NPV in capital budgeting and investment planning. Calculations to determine the current value of a future stream of payments yield the NPV.When comparing the rates of return of various projects or comparing a projected rate of return with the hurdle rate necessary to approve an investment, NPV takes into account the time value of money.Learn more about Net Present Value (NPV), here
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if the allowance for doubtful accounts has a credit balance prior to recording the adjusting entry for the current period's uncollectible accounts, then the . multiple choice question.
If the allowance for doubtful accounts has a credit balance prior to recording the adjusting entry for the current period's uncollectible accounts, then the estimated amount of uncollectible was greater than the amounts actually written off.
Accounts Receivable is connected to the contracurrent asset account known as Allowance for Doubtful Accounts. The result is referred to as the net realizable value of the Accounts Receivable when the credit balance of the Allowance for Doubtful Accounts is removed from the debit amount in Accounts Receivable.
The account for doubtful accounts is shown on the asset side of the balance sheet, but since it is a contra asset account rather than a normal asset account, it has a normal credit balance.
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an amount of 16000 is borrowed for 8 years at 3% interest, compounded annually. if the loan is paid in full at the end of that period, how much must be paid back?
He must pay back 20268.32 of amount after borrowing 16000 for 8 years at the interest rate of 3% for one year.
How to calculate loan amount ?The term "Loan Amount" refers to the sum of money we currently owe you for this mortgage. The loan amount may also include other fees, interest , defaulted payments, interest on defaulted payments, principal, and interest on unpaid principal.The amount of interest due each period expressed as a percentage of the amount lent, deposited, or borrowed is known as an interest rate. The total interest on a loaned or borrowed sum is determined by the principal amount.Amount he borrowed = 16000
No. of years = 8 years
Rate of interest = 3%
Calculate full amount (A) :
Equation for A = P(1 + r/n)^(nt)
A = 16000(1 + .03)^8
A = 20268.32
He need to pay 20268.32 after 8 years.
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a payday loan only charges $35 for a one month loan for $650. (that is, you must pay back the $650 plus $25 in one month.) what annual interest rate is this rate equivalent to? (extend this one month to twelve months)
7.50 percent is annual interest rate which is equivalent to a payday loan interest .
What is meant by Annual interest rate ?
The annual interest produced by an amount that is paid to investors or levied to borrowers is referred to as the annual percentage rate (APR). APR is a percentage that expresses the real annual cost of borrowing money throughout the course of a loan or the revenue from an investment. This does not account for compounding and includes any fees or other expenditures related to the transaction. Consumers can evaluate lenders, credit cards, or investment goods using the APR as a benchmark figure.
An interest rate is written as an annual percentage rate. It accounts for factors like monthly payments and fees to determine what proportion of the principal you'll pay annually. APR is another term for the yearly rate of interest paid on investments that does not take into account the annual compounding of interest.
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on january 1, alan king decided to transfer an amount from his checking account into an investment account that later will provide $80,000 to send his son to college (four years from now). the investment account will earn 8 percent, which will be added to the fund each year-end. (future value of $1, present value of $1, future value annuity of $1, present value annuity of $1, financial calculator) (use tables, excel, or a financial calculator.) required: how much must alan deposit on january 1? what is the interest for the four years?
Alan must deposit $58,802.38 on January 1. and The interest for the four years = $21,197.62.
PV = $80,000 / 1.08^4 PV = $80,000 /1.36048896
PV= $58,802.38
2) $80,000 - $58,802.38 = $21,197.62 is the interest for the four years.
A deposit is the act of putting money with a specific entity, most frequently a financial institution like a bank. Deposits by Types
bank account for savings.
Currently Accepting Deposits.
Account with a fixed deposit.
Consistent Deposit Account.
An amount over and above the repayment of the principal sum is known as interest and is paid by a borrower or deposit-taking financial institution to a lender or depositor at a set rate. It differs from a fee the borrower might pay the lender or another party. There are three different kinds of interest: simple (regular), accrued, and compound.
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if nominal income increases by 4 percent and the price level increases by 3 percent, real income must:
Real Income must increase by 1.33 percent.
Real income is nominal income that has been adjusted for inflation. It represents a person's position in the context of purchasing items the standard of living. It has an impact on everyone's purchasing process.
The amount by which the money growth rate increases immediately adjusts nominal income growth. With the potential rate of output growth remaining constant, the long-run inflation rate will rise in tandem with the higher rate of money supply growth.
Real Income = Nominal Income/Price level
Real Income = 4/3
Real Income = 1.33
A one point three three percent increase in real income is required.
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we have seen that over long periods, stock investments have tended to substantially outperform bond investments. however, it is not at all uncommon to observe investors with long horizons holding their investments entirely in bonds. are such investors irrational?
Some investors are extremely risk averse and prefer safer investments. That higher reward does not prevent them from taking on the additional risk.
Investment is the commitment of funds to the purchase of an asset with the goal of increasing its value over time. Investment necessitates the sacrifice of some current item, such as time, money, or effort. In finance, the goal of investing is to earn a return on the invested asset. The return may consist of a gain (profit) or loss realized through the sale of a property or investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a combination of capital gain and income.
Investors often expect bigger profits from riskier assets. When a low-risk investment is made, the return is often poor. Similarly, high risk entails a significant possibility of loss.
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Which characteristic does monopolistic competition not have in common with perfect competition?.
Monopolistic competition and perfect competition do not share the distinct products of separate enterprises.
Monopolistic Competition: What Is It?Monopolistic competition arises when numerous companies offer competing products or services that are similar but not perfect substitutes. The obstacles to entry are low in a monopolistic competitive industry, and the decisions of any one firm have no direct impact on its competitors.
Pricing and marketing techniques aid in differentiating competing firms. Between a monopoly and perfect competition, monopolistic competition exists, combining features of both and including firms with comparable, but not identical, product offerings.
Restaurants, hair salons, home goods, and apparel are examples of businesses with monopolistic competition. Many competing businesses sell, advertise, and price products like dish soap and hamburgers.
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On august 1, , , inc. , sold equipment and accepted a six-month, %, note receivable. year-end is december 31. How much interest revenue should accrue on december 31, ?.
Interest revenue that should accrue on december 31 is $1,000.
It seems the equation is not complete because there is a missing part. The complete question can be seen below:
On August 1, 2016, Hozore, Inc., sold equipment and accepted a six-month, 8% $30,000 note receivable. Hozore's year-end is December 31. How much interest revenue should Hozore accrue on December 31, 2016?
To determine the interest revenue, we can use this formula:
= Principle quantity × rate × period
= $30,000 x 0.08 x 6/12
= $2,400 x 0.5
= $1,200
Interest increased from 1 August- 31 August Gregorian calendar months:
= (Interest quantity ÷ 6 months) × 5 months
= ($1,200 : 6) x 5
= $200 x 5
= $1,000
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a manufacturing process requires 12 minutes of labor to make 10 units of product. which of the following actions will increase productivity? 1. increase labor per 10 units of production 2. decrease labor per 10 units of production 3. increase number of units per 10 minutes of labor 4. decrease number of units per 12 minutes of labor
Decrease labor per 10 units of production and decrease the number of units per 12 minutes of labor will increase productivity
Labor productivity is a measure of a country's hourly output. It tracks the amount of real GDP (gross domestic product) produced by an hour of labor. Labor productivity growth is determined by three major factors: saving and investment in physical capital, new technology, and human capital.
Labor productivity is calculated as output per labor hour. Labor productivity is largely driven by capital investment, technological advancement, and human capital development.
Businesses and governments can boost worker productivity by directly investing in or creating incentives for improvements in technology and human or physical capital.
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the total value of inputs used in the production of 100,000 units of a good manufactured in a country is $150,000. assume that the country produces only this good and each unit of the good sells for $10. what is the gdp of the country?
The entire cost of inputs utilized in the manufacture of 100,000 units of an item in a nation is $150,000. Assume that the country solely produces this item and that each unit costs $10. The country's GDP is $1,000,000.
What is GDP?The gross domestic product is a monetary indication of the market value of all completed products and services produced in a country over a specific time period (GDP). This measurement is typically altered before it may be used. It cannot be relied on as an indication since it is so complex and subjective. Using GDP per capita at purchasing power parity as a baseline, one may compare national standards of living (PPP), although nominal GDP is more relevant for comparing national economies on the global market. However, GDP (nominal) per capita does not account for changes in inflation rates and living costs among nations.
Total valve of input = $150,000
Total value of production = 100,000 $10 = $1,000,000
So the correct answer is $1,000,000
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the more pessimistic operations manager was concerned about rising costs and asked the sales manager, if fixed costs increase to $190 per month, and the variable costs increase by $.10 due to rising sugar costs, what is the new breakeven volume in units at the original price?
442 units is the new breakeven volume in units at the original price.
Old fixed cost = $ 151 per month
Old variable cost = $ 0.42
Selling price = $ 0.95
New fixed cost = $ 190 per month
New variable cost = 0.42+0.10 = $ 0.52
New breakeven volume in units at the original price = New fixed cost / (Original price - New variable cost)
= 190 / (0.95 - 0.52)
= 442 units.
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In a perfectly competitive market, the inverse demand curve is and the inverse supply curve is when this market is in equilibrium, what is the consumer surplus? (round only your final answer to one decimal place if necessary)
When a market is in equilibrium, it is allocative efficient (meets societal needs), and the sum of consumer and producer surpluses, or total economic surplus, is the maximised.
The surpluses below depicts this at the point where the quantity required equals the quantity delivered (Q1). Setting inverse supply equal to inverse demand and solving for Q yields the market equilibrium. 8+2Q = 80 - Q, therefore 72=3Q, resulting in Q=24. The price would be 8+2(24) = 56. MSB=80-2Q, therefore the socially ideal consumption point would be where the inverse supply equals MSB, or 8+2Q = 80-2Q, so 72=4Q or Q=18.
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if the auditor determines that internal controls are not functioning as designed, and a compensating control does not exist, the auditor will assess control risk and the risk of material misstatement (rmm) as
If the auditor determines that inner controls aren't functioning as designed, and a compensating manipulate does now no longer exist, the auditor will determine manipulate chance and the chance of cloth misstatement (rmm) as high and set detection(risk) as low.
The auditor will determine manipulate chance as excessive as inner controls aren't working as deliberate and there may be no different manipulate in place. The auditor will conduct extra sizeable exams to make certain detection chance is low and probabilities of cloth misstatement are low. The audit of inner manipulate over monetary reporting must be included with the audit of the monetary statements. The goals of the audits aren't identical, however, and the auditor should plan and carry out the paintings to obtain the goals of each audits.
ICFR refers to the controls especially designed to cope with dangers associated with monetary reporting. In easy terms, a public company's ICFR includes the controls that are designed to offer affordable warranty that the company's monetary statements are dependable and organized according with GAAP. The auditor must shape an opinion at the effectiveness of inner manipulate over monetary reporting with the aid of using comparing proof received from all sources, including the auditor's checking out of controls, misstatements detected throughout the monetary assertion audit, and any diagnosed manipulate deficiencies.
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which of the following is a document whereby a bank promises to pay a payee a certain amount of money at a future time?
A certificate of Deposit is a document whereby a bank promises to pay a payee a certain amount of money at a future time.
A record may be dependent, like tabular documents, lists, paperwork, or clinical chart, semi-dependent like an ebook or a newspaper article, or unstructured like a handwritten word. documents are sometimes classified as a mystery, personal, or public. they'll also be defined as drafts or proofs.
The purpose of a document is to facilitate the switch of records from its author to its readers. it is the author's activity to design the report so that the facts it contains can be interpreted accurately and effectively. To do that, the writer can employ a fixed of stylistic tools.
process documentation is the act of capturing or documenting all of the steps in a particular assignment. preferably, it has to happen in real-time. As employees carry out an assignment, they record every step they take.
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borrowing affects consumption because, when a household borrows, it can increase current consumption beyond what would be possible if its spending were limited to its disposable income. what will result regarding the current consumption schedule?
Borrowing affects consumption because, when a household borrows, it can increase current consumption. The result will be upward shift regarding the current consumption schedule.
What causes consumption to increase?First, consumption expenditure increases as income does. For every gain in income, consumption increases by the MPC times that increase in income. therefore, the pitch of the consumption get-together is the MPC. Second, at low situations of income, consumption is lesser than income.
What are the shifters of consumption?Shifts of the consumption function can do when a change occurs in one of the independent consumption determinants( prospects, wealth, credit, levies, price situations). For illustration, significant positive returns in the stock request can increase consumer wealth which would beget independent consumption to increase.
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rather than providing energy to customers from traditional sources like natural gas or electricity, nathan's company is designing glass panels that will harvest energy from the sun. these panels can be built into the walls of homes and reduce energy costs. which environmental marketing strategy does this demonstrate?
Answer: sustainable innovation
Explanation:
knowledge check 01 most companies compute the materials price variance when raw materials are . multiple choice received from suppliers and transported to raw materials inventory. withdrawn from raw materials inventory and used in production. ordered from suppliers. moved from work in process inventory to finished goods inventory.
Most companies compute the materials price variance when raw materials are purchased and transported to raw materials inventory.
When the actual price paid for materials used in production differs from the standard price for the materials, there is a material price variation (MPV). If the actual cost of the materials is less than the benchmark cost, the material price variance will be favorable.
The Material Price Variance will, however, be negative if the cost of the materials is higher than the benchmark cost.
Only a few of the causes of a material price variation include an increase in price, changes in transportation costs, changes in the volume of the order, changes in the quality of the materials being purchased, and other factors.
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nike owns equipment that cost $99,500 with accumulated depreciation of $68,000. nike asks $36,500 for the equipment but sells the equipment for $34,000. compute the amount of gain or loss on the sale. multiple choice $2,500 loss. $3,050 gain. $2,500 gain. $5,000 gain. $5,000 loss.
Nike owns equipment that cost $99,500 with accumulated depreciation of $68,000. nike asks $36,500 for the equipment but sells the equipment for $34,000. The amount of gain on the sale is $2500
It is calculated as :
Written down value = Cost of machinery - Accumulated depreciation
= $ 99,500- $68,000
=$31500
Sale value = $34000
Profit on sale = Sale value - Written down value
= $34000- $31500
=$2500
Depreciation is defined as the gradual decrease of the equipment every year due to its wear and tear.
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suppose the government wants to increase aggregate demand by $50 billion at each price level to increase real gdp and reduce unemployment. if the mps is 0.4, then it would increase government spending by:
If the Marginal propensity Save is 0.4, then it would increase government spending by $20 billion.
MPS:
MPS or Marginal propensity Save refers to the proportion of a pay raise that a consumer saves rather than spends on immediate consumption.
Given,
Suppose the concern wants to increase aggregate demand by $50 billion at each price level to increase.
Here we need to find the amount spend by the concern if the MPS is 0.4.
Through the given question we know that the total demand is $50 billion
And we have to find the amount spend by the concern when the MPS is 0.4,
In order to find it we have to multiply the total amount by the MPS, then we get,
=> 50 x 0.4
=> 20 billion
Therefore, spending must be increases as $20 billion.
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abc industries contracts with municipal governments to build bridges, viaducts, and similar engineering projects. if a bridge completed in the prior year by abc industries were to collapse, the company would be exposed to which kind of legal liability exposure?
Bridges, viaducts, and other similar engineering projects are built by ABC Industries through contracts with municipal governments. An illustration of premises and operations would be when workers from ABC Industries damage a taxicab while pouring the foundation for a new overpass.
The general aggregate limit applies to all covered personal and advertising injuries under the standard commercial general liability (CGL) policy, with the exception of injuries or damage caused by the products-completed operations hazard.
Except for the following, Advertising Injury Coverage includes Slander, libel, copyright infringement, or the misappropriation of advertising concepts are all examples of wrongful entry in the advertising industry. Personal Injury includes wrongful entry.
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