Complete/Correct Question:
Walmart began offering low-priced extended warranties on home electronics after learning that its rivals such as Best Buy derived most of their profits from extended warranties. According to the Stalk and Lachenauer book, this is an example of the strategy to
A) plagiarize with pride.
B) deceive the competition.
C) devastate rivals profit sanctuaries.
D) unleash massive and overwhelming force
Answer:
c, devastate rivals profit sanctuaries
Explanation:
For Walmart to start making as much or more profits than its rival, Best Buy, it decided to head in the same direction as Best Buy by offering low-priced extended warranties on home electronics.
This action simply means that Walmart has infiltrated the profit strategy system of Best Buy and is using that a a competitive edge to also increase customer base as people will prefer to go Walmart as it has become cheaper.
Devastating rivals profit sanctuaries therefore means targeting the area or strategy of rivals to make more profit.
Cheers.
The following is a description of an internal control. DESCRIPTION: The compensation committee reviews compensation plans for senior executives to ensure that both monetary and equity-based pay totals are consistent with contracts approved by the board of directors. Required: Indicate which of the COSO internal control components is best represented by each internal control. a. Information and Communication b. Control Environment c. Monitoring d. Risk Assessment e. Control Activities
Answer:
Option E. Control Activities
Explanation:
Control activities is a part of Control environment and in the given scenario, the company has a system of policies and procedures implemented to ensure whether the approved activities are carried out or not. This includes the segregation of duties, as the Compensation Committee is assigned the task to reviewing whether the payments that were made to the senior executives, both cash and equity based payments, are consistent with their contracts or not. Furthermore if it is not complied by the contract then relevant actions are carried out. So these are best represented by control activities.
"A municipal bond dealer quotes an 8 year 6% bond trading in the secondary market on a 4% basis. After considering all taxes, the customer's yield will be:"
Answer:
more than 4% but less than 6%
Explanation:
Given that the new quotes for a 4% bond trading in the secondary market are higher than 4% which is actually a 6% basis, thus, it is expected that the customer's yield to be greater than the initial 4%. However, given that, we are looking for the customer's yield after-tax, then the net customer's yield will be less than 6%.
Therefore, the right answer is that the customer's yield will be MORE THAN 4% but LES THAN 6%.
XYZ Company pays the entire premium for its group health plan. The MINIMUM percentage of eligible employees that must be covered is:
Answer:
100%
Explanation:
Since the health plan is a group plan then it means that every member of the company is eligible to the use the health scheme.
cheers.
If a company uses LIFO to measure its taxable income, the IRS requires that LIFO also be used to measure income reported to investors and creditors.This is know as the
Answer:
LIFO conformity rule
Explanation:
LIFO stands for Last in, first out and is a method used to account for inventory that records the most recently produced items as sold first. The description provided in this question is known as the LIFO conformity rule. This is a rule that requires all taxpayers that elect to use LIFO for tax purposes to use LIFO exclusively in order to make sure of the income, profit, or loss for the purpose of a report or statement to shareholders, partners, or other proprietors.
The seaport town of New Monopoly has become extremely popular with shipping companies due to its superior location. The port has become so congested that ships must wait hours every day just to dock. This is an example of: The mayor of New Monopoly realizes that the congestion at the port costs the shipping companies and his town money. Which decision would NOT move him towards a command economy?
Answer: market failure
Explanation:
Market failure is a situation that occurs in an economy when the distribution of goods and services they occurs in a free market is inefficient. Some of the reasons attributed to market failure are monopoly abuse, externalities, environmental concerns etc.
Based on the above scenario in the question, the decision that would not move the mayor towards a command economy is Market failure.
"Being economically responsible is the most basic social responsibility of any business. This responsibility has the most immediate effect on:"
Answer:
The correct answer is: Shareholders.
Explanation:
To begin with, "Shareholders" is the name that the people who own stocks in the company receives in order to know that they are the ones who put the money to keep the business going due to the fact that they invest their money by buying shares of the company with the purpose to allow them to grow and work better so the objectives are accomplished and the profits are increased. Therefore that being economically responsible has the most immediate effect on the shareholders of the company who are the ones that will suffer losses from their pockets if the managers of the organization do not act correctly.
A bank reconciliation:Group of answer choicesis a formal financial statementboth A and B are correctis part of a sound internal control systemshould not be prepared by an employee who handles cash transactions
The Correct question reads;
Which of the following statements about bank reconciliations is correct?
a. Should not be prepared by an employee who handles cash transactions
b. Is part of a sound internal control system
c. Is a formal financial statement
d. Both (a) and (b) are correct
Answer:
a. Should not be prepared by an employee who handles cash transactions
Explanation:
It is only a bank that prepares a bank reconciliation statement. So, it is correct to say that a bank reconciliation statement should not be prepared by an employee who handles cash transactions.
Oregon, there are several Italian restaurants, each offering slightly different items prepared in slightly different ways. It is likely that an Italian restaurant in Eugene, Oregon, operates
Answer:
C. monopolistically competitive market.
Explanation:
As we know that the Monopolistic competition is a market structure which refers to the market in which the various firms are related to each other in a closest manner also they sell differentiated products.
In this market, there is a freedom of free entry and exit.
So in the given scenario, since various italian restaurants offered different items so this represents that they operates in monopolistically competitive market
Hence, the correct option is c.
In the Common Criteria, the common set of functional and assurance requirements for a category of vendor products deployed in a particular type of environment are known as
Answer:
protection profiles.
Explanation:
Common Criteria can be defined as an international set of guidelines and specifications which are designed and developed for the evaluation of an information security product, in order to ensure that they meet an agreed-upon and specific security standard for general use by the public. It comprises of two (2) key components: Evaluation assurance level and protection profiles.
In the Common Criteria, the common set of functional and assurance requirements for a category of vendor products deployed in a particular type of environment are known as protection profiles.
A signed document containing a written promise to pay a stated sum to a specified person/institution or the bearer at a specified date is known as what...? Promissory Note Acceleration Clause Release Clause Mortgage
Answer:
Promissory Note.
Explanation:
A signed document containing a written promise to pay a stated sum to a specified person/institution or the bearer at a specified date is known as promissory note.
A promissory agreement can be defined as an evidence of a debt and as such involves the use of a legal financial tool such as a promissory note as a written promise to declare that a party (borrower) would pay another (lender) at a specific period of time.
Distinguish between vending machines and mail-order houses. Explain the usefulness of mail-order houses. What type of products generally handled by vending machines and mail-order houses?
Answer:
Explanation:
A vending machine is a machine that provides items which includes snacks, beverages, lottery tickets etc to consumers after cash, or a credit card is inserted into the machine. In addition, they are usually automated.
Mail order houses on the other hand, are companies that sell or manage mail orders. They sell their products through mail and there usually is no direct contact between the seller abs the buyer.
Mail order houses eliminates the use of middlemen: this is one of the most important usefulness of mail order, eliminating the use of middlemen thereby saving both the buyer and seller whatever they should have parted with for the middleman.
Bad debt is non existent: Mail order houses do not give out credit to customers, and as such, bad debts never come into the scenario.
Convenience: Mail orders typically deliver to the doorstep of customers. This is very convenient for the customers.
Products handled by mail order include;
Office supplies
Jewelry
Computer hardware
Beauty products
Products handled by vending machines include;
Beverages
Snacks
Lottery tickets
Cigarettes
Bill Broker prints an office policy that says he requires a security deposit of "$350 for whites and $500 for blacks" in his area, since he has records to prove that "blacks have weaker financial qualifications." Is this an acceptable policy?
Answer:
No. It is discrimination to set different deposits on the basis of race
Explanation:
Discrimination is the act of making distinction between people on the basis of race, group, or class to which they are perceived to belong.
It is unfair and prejudicial treatment of people who share a certain trait.
Examples of such traits are race, age, sexual orientation, and gender.
In the given instance Broker requires a security deposit of "$350 for whites and $500 for blacks".
This is discrimination on racial grounds
An employee is able to receive health insurance from a former employer after changing jobs. What best describes the legislation that makes this possible?
Answer:
Health Insurance Portability and Accountability Act (HIPAA).
Explanation:
An employee is able to receive health insurance from a former employer after changing jobs because of the Health Insurance Portability and Accountability Act (HIPAA).
The Health Insurance Portability and Accountability Act (HIPAA) of 1996 was a bill enacted by the 104th U.S Congress and was signed in 1996 by President Bill Clinton. It is a federal law that protects sensitive patient health information from being disclosed without their knowledge, approval or consent and payment of health care insurance for employees.
Any voluntary disenrollment occurring within three (3) months of the membership effective date is considered a rapid disenrollment and will result in a chargeback of the full commission paid.
a. True
b. False
Answer:
a. True
Explanation:
The rapid disenrollment refers to the disenrollment to the new plan i.e. taken before and this is to be disenroll within the three months of the enrollment date i.e the date when the new plan is effective. If this condition is fulfilled than the full amount is to be returned back in terms of commission paid
Hence, the given statement is true
Therefore the option a is correct
Which of the following is one way using plain language in writing can help save the organization money while increasing productivity? Group of answer choices The message supports all user needs The message does not require a translation from an active to passive voice International audiences are more likely to do business with you The message is easier to understand Messages include more detail
Answer:
The message supports all user needs
Explanation:
In a situation where a message supports all user needs, there will be no need to worry about whether the other user would understand the message or not. This is because, irrespective of the language level or the their understanding level, the message would still be able to meet the needs of all the users. This is adopted in most international companies thereby eliminating the need for translations to other languages or hiring translators.
The option that should be considered is The message supports all user needs.
The following information should be considered:
The organization money should be saved at the time of increasing the productivity. This represent the business users are satisfied without incurring extra cost and have bright results with the resources that are already existed in the organization.Learn more: https://brainly.com/question/1368131?referrer=searchResults
Suppose that a car was produced but not sold in 2011. The car could still be sold in 2012. According to the book, the car would be counted as part of:
Answer: 2011 GDP as investment
Explanation:
From the question, we are informed that a car was produced but not sold in 2011 and that the car could still be sold in 2012.
This implies that the car was an investment in 2011 and contributed it's quota to the gross domestic product of that particular economy.
generally receive fixed payments regardless of how the firm does, while -Select- earn higher returns when the firm's earnings are higher. Investments in -Select- ventures, that have great payoffs to stockholders if successful but threaten bankruptcy if they fail, create conflicts. In addition, the use of additional -Select- increases stockholder- debtholder conflicts. Consequently, bondholders attempt to protect themselves by including -Select- in bond agreements that limit firms' use of additional -Select- and constrain -Select- actions.
Answer:
Bondholders generally receive fixed payments regardless of how the firm does, while Stockholders earn higher returns when the firm's earnings are higher.
Investments in risky ventures, that have great payoffs to stockholders if successful but threaten bankruptcy if they fail, create conflicts.
In addition, the use of additional debt increases stockholder- debt-holder conflicts.
Consequently, bondholders attempt to protect themselves by including covenants in bond agreements that limit firms' use of additional debt and constrain manager actions.
What are the subsidiaries of ViacomCBS?
Answer:
These are the subsidiaries of ViacomCBS :
Paramount Pictures InternationalParamount Licensing, IncShowtime NetworksNickelodeonMTVComedy CentralBETCBS All AccessPluto TV Simon & Schusterand more......
Hope it helps
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You find a certain stock that had returns of 13 percent, −20 percent, 21 percent, and 12 percent for four of the last five years. The average return of the stock over this period was 9.3 percent.
Required:
a. What was the stock’s return for the missing year?
b. What is the standard deviation of the stock’s returns?
Answer: year 5 = 20.5
standard deviation =15.11
Explanation:
YEAR RETURNS
Year 1 13%
year 2 -20%
year 3 21 %
year 4 12%
year 5 ??
Average return = total returns 0f year 1 to 5/ number of year
year1 + year2 + year3 + year 4 + year 5)/5
9.3% = 13% +-20% + 21%+ 12% +y
9.3% x 5 =26% + y
46.5 -26 =y
y= 20.5= year 5
Standard deviation of the stock's retrurn = ( (x -average mean)2/5))^1/2
Yr x x-average mean x-average mean^2
Yr x x-9.3 (x-9.3)^2
1 13.00 3.7 13.69
2 - 20.00 29.3 858.49
3 21.00 11.7 136.89
4 12.00 2.7 7.29
5 20.50 11.2 125.44
Total 1,141.8
Standard deviation = ( (x -average mean)2/5))^1/2
=(1141.80/5 )^1/2
=228.36^1/2
=15.11
Answer:
Mean = 20.5%Standard Deviation = 16.90%Explanation:
Missing mean
9.3 = (13 +-20 + 21 + 12 + missing mean)/5
46.5 = 13 +-20 + 21 + 12 + missing mean
Missing mean = 46.5 - 13 + 20 - 21 -12
Missing mean = 20.5%
Standard deviation
Variance
Squared Deviations from mean = (( 0.13 - 0.093)² + (-0.20 - 0.093)² + (0.21 - 0.093)² + (0.12 - 0.093)² + ( 0.25 - 0.093)²) / ( 5- 1)
= 0.1142 / 4
= 0.02855
Standard deviation = √0.02855
= 16.90%
A firm engages in a new type of financial transaction that has a material effect on its earnings. An analyst should most likely be suspicious of the new transaction if: no accounting standard exists that applies to the transaction. management has not explained its business purpose. the transaction is not governed by existing regulations.
Answer:
management has not explained its business purpose
Explanation:
Since in the question it is mentioned that the firm is engaged in the new financial transaction that contains the material impact on the earnings so this represents that it could be come under the pre existed accounting standards.
Also everyone should be aware of the business purpose plus it is not established for changing off the financial statements
So it would be suspicious because the purpose of the business could not be explained
Land was acquired in 2021 for a future building site at a cost of $41,500. The assessed valuation for tax purposes is $28,200, a qualified appraiser placed its value at $49,300, and a recent firm offer for the land was for a cash payment of $44,800. The land should be reported in the financial statements at:
Answer:
The land should be reported in the financial statements at $41,500
Explanation:
The company will report the asset value in the financial statements as their original purchase price of $40,300. Under Historical cost principle, the price of an asset on the balance sheet is always based on the original cost when the company purchased the asset. It follows the Generally Accepted Accounting Principles (GAAP) which is widely accepted. Therefore the land is reported in the financial statements at its purchase value of $41,500
In determining whether the consideration requirement to form a contract has been satisfied, the consideration exchanged by the parties to the contract must be
Answer:
Legally sufficient.
Explanation:
In determining whether the consideration requirement to form a contract has been satisfied, the consideration exchanged by the parties to the contract must be legally sufficient.
Chris donated securities with a cost of $20,000 and a fair market value of $50,000 to a local civic theater. Chris's tax deduction was limited to $35,000. At what amount should the theater record the securities at the date of donation
Answer:
$50,000
Explanation:
The theatre should record the securities at the date of donation for $50,000 because for donated securities, they are usually recorded at the fair value upon receipt. Also, for contribution - which is a gift, usually measured at the fair value when received to the not for profit organization , same applies to securities.
"The manager of an unregistered hedge fund charges a fee of "2 and 20." This means that investors are charged a(n):"
Answer:
annual management fee against net assets of 2% plus a performance fee based on 20% of profits
Explanation:
Given that generally, the hedge fund fee is "2 and 20" this implies that a 2% annual management fee as a percent of assets under management, plus 20% of profits.
It should be noted that Hedge fund managers are exempted from the security regulations and Investment Company Act of 1940 that limits the manager's compensation to a percentage of assets under management, that is, performance fee is prohibited.
Hence, the correct answer is investors are charged "annual management fee against net assets of 2% plus a performance fee based on 20% of profits"
A newly created design business, Teri's Art, is finishing its first year of operations. During the year, credit sales were $40,000 and collections of credit sales were $34,000. One account for $650 was written off. Teri's Art uses the aging−of−receivables method to account for bad debts expense. It has estimated $250 as uncollectible at year−end. What is the amount of the Bad Debts Expense for the first year of operations?
Answer:
the bad debt expense is $900
Explanation:
The computation of the bad debt expense is shown below:
bad debt expense is
= Written off amount + estimated uncollectible amount at the year end
= $650 + $250
= $900
We simply added the above two items so that the amount of the bad debts for the first year could come
Hence, the bad debt expense is $900
Resources exist in limited supply, and as a result, economics is the study of how societies make the optimal use of resources that are subject to __________.
Answer:
Scarcity, is the right answer.
Explanation:
Scarcity is the correct answer because the scarcity of resources generates the problem of choice. When the resources are limited then the people or producer makes the decision to allocate the resources efficiently. The efficient allocation of resources results in the efficient and longer use of resources. For example, petroleum is a scarce resource, if the use of petroleum will not be efficient then it will exhaust very rapidly. While, if its use will be efficient then it will be available for a longer period and many people may enjoy or consume these resources in the future.Type a message
What are some benefits to private ownership? Select three answers.Private ownership provides offices for government workers.Private ownership provides land or goods for all citizens to use.Private ownership can make it possible for a business to earn money.Private ownership might help a person move to another economic class.Private ownership allows a person to own goods that may increase in value.
Answer:
Private ownership can make it possible for a business to earn money
Private ownership might help a person move to another economic class
Private ownership allows a person to own goods that may increase in value.
Explanation:
Private ownership is a type of system that allocates objects and things to a particular individuals to use and manage as they please, to the exclusion of others and to the exclusion of any detailed control by society. Legally, private ownership refers to the ownership of property by non-governmental legal entities. Financial benefits or loss,that may arise from the ownership of the property is left to the owner alone to manage.
Ownership is termed as the state or the fact that the owns the rights and the control over the property or the following asset of the firm or the corporate.
The correct options are:
Private ownership can make it possible for a business to earn money Private ownership might help a person move to another economic class Private ownership allows a person to own goods that may increase in value.
Private ownership is a type of system that allocates objects and things to a particular individual to use and manage as they please, to the exclusion of others and to the exclusion of any detailed control by society. Legally, private ownership refers to the ownership of property by non-governmental legal entities. Financial benefits or loss, that may arise from the ownership of the property are left to the owner alone to manage.
To know more about private ownership, refer to the link below:
https://brainly.com/question/12332594?
Bill, age 65 has 2020 unreimbursed medical expenses totalling $20,000 and an adjusted gross income of $170,000. How much of those medical expenses can he deduct?
Answer:
$7,250
Explanation:
You can deduct medical expenses that exceed 7.5% of your AGI (changes, but is currently at this level).
170,000 x .075 = 12,750
20,000 - 12,750 = $7,250
I hope this helps!
-TheBusinessMan
The companies that measure the program audiences of TV and radio stations for advertisers and broadcasters are known as
Answer:
Rating Services
Explanation:
Rating Services are forms of media infographic services that assess and calculate the program audiences of Television and radio stations for various advertisers and broadcasters by selecting a representative sample of the market and then provide detailed data on the quantity and qualities of the viewers or listeners.
Hence, the right answer is Rating Services.
Das Work and Edge Tech are electronics manufacturing companies competing to serve the same customers. The labor-related expense per product for Das Work is $30 higher than that for Edge Tech. However, Das Work makes more profits than Edge Tech. In this case, which of the following actions has contributed to the profits made by Das Work?
a. It provides free home delivery of purchased goods.
b. It has recently introduced the comparable-worth policy for employees.
c. It produces high quality goods and charges more for these products thancompetitors.
d. It has a company website where customers can purchase goods online.
e. It does not provide overtime pay to employees who work more than 40hours in one week.
Answer: c. It produces high quality goods and charges more for these products than competitors.
Explanation:
From the question, we are informed that Das Work and Edge Tech are electronics manufacturing companies competing to serve the same customers and that the labor-related expense per product for Das Work is $30 higher than that for Edge Tech but Das Work makes more profits than Edge Tech.
In this case, what has contributed to the profits made by Das Work is that Dad Work produces high quality goods and charges more for these products than competitors. This will help increase the revenue and profit made by the firm.