Answer:
No it wasn't a violation of Section 2 of the Sherman Act.
Explanation:
This is an actual court case which was ruled in favor of DVRC. The court used an analogy to compare DVRC with Disneyland, where the theme park owners would not allow competition within their premises. Even though DVRC sold the land parcel to Christy Sports, a restrictive covenant was imposed at the time of the sale where DVRC could decide freely which third party businesses could operate there. Since the covenant is legal, there is no reason why DVRC will not enforce it.
You would like to have enough money saved after your retirement such that you and your heirs can receive $100,000 per year in perpetuity. How much would you need to have saved at the time of your retirement in order to achieve this goal
Answer:
The amount you need to have saved at the time of your retirement in order to achieve this goal is $800,000.
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
You would like to have enough money saved after your retirement such that you and your heirs can receive $100,000 per year in perpetuity. How much would you need to have saved at the time of your retirement in order to achieve this goal? (Assuming that the perpetuity payment starts one year after the date of your retirement. The annual interest rate is 12.5 percent).
The explanation to the answer is now given as follows:
A perpetuity can be described as periodic payments that are receivable or payable indefinitely or forever. A perpetuity is also referred to as an annuity that does have an end.
In order to determine the amount you need to have saved at the time of your retirement in order to achieve the goal, the formula for calculating the present value (PV) of a perpetuity is used as follows:
PV = FV / r ............................................. (1)
Where;
PV = Present value of or the amount needed to be saved at the time of retirement = ?
FV = Future value of the amount you and your heirs can receive = $100,000
r = interest rate = 12.5%
Substituting the values into equation (1), we have:
FV = $100,000 / 12.5%
FV = $800,000
Therefore, the amount you need to have saved at the time of your retirement in order to achieve this goal is $800,000.
If the interest is compounded more than once per year, which rate is higher, the stated rate or the effective rate?
Answer:
the effective rate is higher
Explanation:
the formula used to calculate effective rate is: effective rate = (1 + r/n)ⁿ - 1
for example, he stated rate is 6%:
if it is compounded annually, the effective rate is 6%if it is compounded semiannually, the effective rate = (1 + 6%/2)² - 1 = 6.09%if it is compounded quarterly, the effective rate = (1 + 6%/4)⁴ - 1 = 6.14%and so onWhat is the relationship among organizational theory, organizational design, change, structure, and culture
Answers and Explanation:
Organizational theory is the study of the organization's function and how it relates and is affected by its environment. Organizational structure is the formal organization of authority, roles and responsibilities in the organization in such a way as to achieve the organizational goals and objectives. Organizational design and change is a process that manages organizational structure and culture to achieve organizational goals. Organizational culture are the set of norms and accepted behaviour that is shared and controls communication and interaction in the organization all geared towards achieving organizational goals. We can see that organizational structure,design and change as well as culture fall under organizational theory which studies all its dimensions. Organizational design and change connects and manages organizational structure and change and design. All organizational components are geared towards achieving organizational goals.
Assuming a customer claim will be granted, what type of response will allow the company to build a better relationship with the customer
Answer: direct
Explanation:
Assuming a customer claim will be granted, a direct response will allow the company to build a better relationship with the customer.
Direct response marketing is a form of sales technique that is utilized in order to give a reponse on-the-spot. This usually allows prospective customer take instant actions based on the offer by the advertiser. This response sees measurable results instantly.
Trade-offs occur in all of the following scenarios EXCEPT:___________
a) a student has two exams on the following day and must divide study time between the classes.
b) a couple chooses between two equally appealing vacation destinations for the following weekend.
c) a shopper wants to buy two equally appealing shirts totaling $50, and has $35 to spend on each.
d) a caterer selects from two potential jobs, both paying $2,500 on a Saturday night.
e) consumers are often forced to make a compromise between quality and price.
Answer:
c) a shopper wants to buy two equally appealing shirts totaling $50, and has $35 to spend on each.
Explanation:
A trade off is a situation that requires one to make a choice between two alternative lines of action.
The person has to weigh the benefits of each action and choose the best options for him.
In the scenarios above the shopper wants to buy two shirts that cost $50 in total. He has $35 for each so he has a total of $70. This is enough to buy both shirts so there is no trade off.
However in the other options there are trade offs:
- a couple choosing between 2 destinations
- a student must allocate different times between two exams he has the next day
- a caterer selects from two jobs
- consumers compromise between quality and price
Which one of the following statements about strategic groups and strategic group mapping is false?
A. The hardest aspect of strategic group mapping is always figuring out which of several possible strategic group maps represents the single one best map for portraying how competing firms are positioned.
B. Part of strategic group map analysis always entails drawing conclusions about where on the map is the best place to be and why.
C. Strategic group maps reveal which companies are close competitors and which are distant competitors.
D. Prevailing competitive pressures and industry driving forces often favor some strategic groups and hurt others.
E. Profit prospects can vary from strategic group to strategic group.
Answer:
B. Part of strategic group map analysis always entails drawing conclusions about where on the map is the best place to be and why.
Explanation:
A strategic group is a classification of a companies or businesses in an industry based on their competitive strategy and business model. Variables such as their pricing, and what gives them an edge in competition are considered. Strategic group map analysis(used in identifying strategic groups) pays attention to where a business falls in strategic competition and the competitive dynamics of the industry. strategic group map analysis is not concerned with identifying the best competitive position for a business and why it should be in this position
Homework American Corporation has the following financial information.
Year 1 Year 2
Cash $202.95 $245.90
A/R 398.02 485.34
Inventory 785.12 648.54
If Year 1 is the base year, what is the percentage increase/decrease of each current asset amount?
A. Cash = 21% increase, A/R = 22% increase, Inventory = 17% decrease.
B. Cash = 25% decrease, A/R = 21% increase, Inventory = 27% decrease.
C. Cash = 21% increase, A/R = 22% decrease, inventory = 17% decrease.
Answer:
A. Cash = 21% increase, A/R = 22% increase, Inventory = 17% decrease.
Explanation:
A base year can be described as a year that is used as a reference year for comparison with other years.
To calculate the percentage increase/decrease of each current asset amount of Homework American Corporation, the following formula is used suing Year 1 as the base year.
Percentage increase/decrease = [(Year 2 amount - Year 1 Amount) / Year 1 Amount] * 100 .............................. (1)
Using equation (1), we have:
Percentage increase/decrease in Cash = [($245.90 - $202.95) / $202.95] * 100 = [$42.95 / $202.95] * 100 = 0.21 * 100 = 21% increase
Percentage increase/decrease in Accounts Receivable (A/R) = [($485.34 - $398.02) / $398.02] * 100 = [$87.32 / $398.02] * 100 = 0.22 * 100 = 22% increase
Percentage increase/decrease in Inventory (A/R) = [($648.54 - $785.12) / $785.12] * 100 = [-$136.58 / $785.12] * 100 = -0.17 * 100 = 17%
Based on the calculations above, the correct option is e. A. Cash = 21% increase, A/R = 22% increase, Inventory = 17% decrease.
what percentage of the total variation in candy bar sales is explained by prices? a. 88.54% b. 48.19% c. 78.39% d. 100%
Answer:
The correct option is c. 78.39%.
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question. See the attached pdf file for the complete question.
The explanation to the answer is now given as follows:
In regression model, R-squared (R^2) is the statistical measure that shows the percentage of the total variation a dependent variable that is explained by an independent variable(s).
From the question, the candy bar sales is the dependent variable while the Price is the independent variable.
Therefore, the R^2 is calculated using the RSQ function in the Microsoft excel.
Note: See the attached excel file for the calculation of the R^2 using the RSQ function.
For the data in the excel, the R^2 is calculated by simply typing =RSQ(C3:C8,B3:B8) anywhere in the attached excel file. This gives 0.7839. Converting this to a percentage gives 78.39%.
Therefore, percentage of the total variation in candy bar sales explained by prices is 78.39%. The correct option is c. 78.39%.
Explain why e-Business scenarios are generally more complex than traditional business scenarios. Discuss the interrelationships of the relevant elements, such as business goals, organization of business, and use of information technology.
Answer:
The answer is because of the nature of each business and that is explained below.
Explanation:
On the one hand, when it comes to e-business scenarios the people who work in those places know that it is much more complex due to the fact that the managers are dealing with information that is wide range in terms of searching engine, clicks on the website, marketing approaches and more. The owners of this type of business must know how to work with all type of tools that could help the business grow and all that information can be difficult to read and to use sometimes due to the big changes that happen in the internet and in the general public movements every day that will affect your clientele.
On the other hand, the traditional business scenarios may be a little bit less complex due to the fact that they are workind with information that comes straight ahead from the sources, like sales and marketing campaign impacts and more. Therefore that this type of business use all the information that is has to keep the goals of the company at sight thanks to the organization that the managers have.
Finally, it is quite understood that the information technology will always be more difficult to manage in e-business becuase of all the variables and factors that influece the information and the decision making process of the company.
An otherwise valid contract whose enforcement is barred by the applicable statute of limitations is an example of a(n): g
Answer: D. unenforceable contract.
Explanation:
If a contract is valid yet is prohibited from being enforced by a statute of limitation then the contract is simply unenforceable.
The parties involved in the contract can still perform the duties that were assigned to them by the contract but because it is not enforceable, if either party fails to carry out their side of the contract, the other cannot take them to court because the court will not enforce it.
According to your textbook, which group of economists is most likely to argue that markets are well-functioning and therefore markets should be responsible for how society allocates resources?
a) Radical economists
b) Conservative economists
c) Neither radical nor conservative economists
d) Both radical and conservative economists
Answer:
c) Neither radical nor conservative economists
Explanation:
This is because, non of the views expressed by both group of economists falls within the argument of functionality of a market and how it should determine how society allocates resources.
A company sells 800 units at $16 each, has variable costs of $12 per unit, fixed costs of $1,200, and a 40% tax rate. The pre-tax income is $
Answer:
Pretax income= 2,000
Explanation:
Giving the following information:
A company sells 800 units at $16 each, has variable costs of $12 per unit, fixed costs of $1,200.
We need to determine the pretax income:
Sales= 800*16= 12,800
Variable cost= 800*12= (9,600)
Contribution margin= 3,200
Fixed cost= (1,200)
Pretax income= 2,000
When should the tip be replaced in the PAC torch?
After 10 hours of use
When the opening is 50% oversized
When the opening is 75% oversized
When the opening is 25% oversized
The correct answer is 50% this is because at that point the tip’s opening will be too large to cut properly.
$300 utilities bill and immediately paid it. general journal entry to record this transaction will include a:
Answer:
E. Debit to Utilities Expense for $300.
Explanation:
The journal entry to record the given transaction is shown below
Utilities expense Dr $300
To cash $300
(Being cash paid is recorded)
For recording this we debited the utilities expense and credited the cash as it increased the expenses and decreased the assets in order to posting it correctly
Therefore it would be debited to utilities expense
Common shares of which of the following issuers are likely to have a Beta coefficient much lower than +1?A. Tool and die makerB. Pharmaceutical manufacturerC. Public utilityD. Electronics manufacturer
Answer:
C
Explanation:
Beta measures the volatility of a stock. The higher the beta, the higher the volatility and the higher the risk of the stock.
Public utility would most like have a beta less than 1 because it would most likely not be affected by business cycles
Determine the amount by which net income would be misstated if Vito's failed to record these adjusting entries. (Ignore income tax expense.) (Amounts to be deducted should be indicated by a minus sign. Do not round intermediate calculations.)
Answer:
-$3,320
Explanation:
The information is missing, so I looked for a similar question:
"a. On July 1, 2021, purchased $14,000 of IBM Corporation bonds at face value. The bonds pay interest twice a year on January 1 and July 1. The annual interest rate is 10%. b. Vito's depreciable equipment has a cost of $27,200, a four-year life, and no salvage value. The equipment was purchased in 2019. The straight-line depreciation method is used. c. On November 1, 2021, the bar area was leased to Jack Donaldson for one year. Vito's received $8,400 representing the first six months' rent and credited deferred rent revenue. d. On April 1, 2021, the company paid $3,360 for a two-year fire and liability Insurance policy and debited Insurance expense. e. On October 1, 2021, the company borrowed $28,000 from a local bank and signed a note. Principal and Interest at 10% will be paid on September 30, 2022. At year-end, there is a $2,200 debit balance in the supplies (asset) account. Only $780 of supplies remain on hand."
a)
Dr Interest receivable 700
Cr Interest revenue 700
b)
Dr Depreciation expense 6,800
Cr Accumulated depreciation: equipment 6,800
c)
Dr Deferred rent revenue 2,800
Cr Rent revenue 2,800
d)
Dr Prepaid insurance 2,100
Cr Insurance expense 2,100
e)
Dr Interest expense 700
Cr Interest payable 700
f)
Dr Supplies expense 1,420
Cr Supplies 1,420
The income statement must be adjusted in the following way:
+ Interest revenue $700
+ Rent revenue $2,800
+ Adjustment to insurance expense $2,100
- Depreciation expense -$6,800
- Interest expense -$700
- Supplies expense -$1,420
Net adjustments = -$3,320 (income statement was overstated)
In terms of minimizing tax liability, how would estate planning differ from a partnership to a corporation?
Answer:
The nature of a partnership is the major reason why many businessmen opt for partnership. Businesses of partnership are not taxable since the organizations consistently permit livelihoods and findings to get through the proprietors before any tax collection is finished. Secondly, when an accomplice bites the dust, under default guidelines, the association is broken down. In any case, if there were organization understandings, these understandings and the guidelines administering the association are followed which can permit the living accomplice to close the business, convey assets, and the tax collection trouble is given to the accomplices alive.
Then again, partnerships offer an open door for giving out lifetime business intrigue endowments. Hence, a parent who wishes to blessing their posterity with business endowments can move a few advantages for them. As Kaya and Vereshchagina state, this fills in as a method of decreasing the duty obligation since their youngsters as viewed as on the lower charge section subsequently paying lower charge rates. Essentially, a parent who does this likewise begins to pay lesser duty since they fall under a lower charge classification. A thing significant is that any individual who gets a lifetime business blessing from a company turns into an investor who doesn't have power over the business the executives. Then again, an individual who gets from an organization turns into an accomplice and an operator of the association also with the option to control and deal with the business.
Another distinction is that an partnership can utilize trusts to diminish their tax liability. Nonetheless, there is a distinction between the two. Under an organization, there exists no restriction on the quantity of trust accomplices permitted to possess a home. In enterprises, there is an impediment on the sort of trust they can have. In this way, an organization is esteemed to be more adaptable contrasted with companies.
A 5.5%, 20-year municipal bond is currently priced to yield 7.2%. For a taxpayer in the 33% marginal tax bracket, this bond would offer an equivalent taxable yield of:_____.
A) 8.2000.
B) 10.75%.
C) 11.40%.
D) 4.82%.
Answer:
B) 10.75%.
Explanation:
Marginal tax bracket = 33%
The 20 year old bond is being priced to yield 7.2%
We are required to find the equivalent taxable yield that this bond is going to offer.
Equivalent taxable yield =
Yield/(1-tax%)
= 7.2%/(1-33%)
= 10.75%
this bond would offer an equivalent taxable yield of 10.75%
To avoid liability for intentional injuries, Northwest Power Corporation includes in its contracts an exculpatory clause. This is:________
Answer:
not enforceable
Explanation:
Exculpatory clause is basically inserted in a contract, where the person can demand relief from the damage based on the circumstances, also this provides to increase the liability of all the remaining parties under the contract.
Thus, this is only feasible when the party demanding such relief is genuinely not responsible for such liability, and that the loss/liability has not been incurred in any circumstances in their knowing capacity.
Where the party demanding the exculpatory clause does any damage intentionally, in order to provide other parties with liabilities, is not valid argument.
Thus, such clause cannot be enforceable in intentionally created liabilities.
What is the main difference between deductive and inductive forms of argument?
Answer:
Deductive arguments have unassailable conclusions assuming all the premises are true, but inductive arguments simply have some measure of probability that the argument is true—based on the strength of the argument and the evidence to support it
Explanation:
1. How does a valid offer to contract differ from an invitation to make offers or enter into a contract
Answer:
A valid offer to contract can result in a valid and legal contract if the offeree accepts it. In order for the acceptance to be valid it must be made within certain time limits and communicated to the offeror, and also the acceptance must have identical terms to the offer. If the terms vary, it is considered a counter offer.
On the other hand, an invitation to make offers would be like selling something on Ebay so that everyone can see it and those interested can make an offer or bid for it. But if you are selling a signed baseball card, you probably have only 1 of each type and even if you have thousands of people interested, you are going to sell it to only 1 person. The invitation to make offers or negotiate isnot a firm offer, e.g. you do not have to sell 1,000 signed baseball cards to everyone who wanting to buy it.
Cultural ________ rules are norms regarding the management and modification of emotional expressions based on cultural standards.
Answer:
display
Explanation:
The term being described is known as Cultural display rules. Like mentioned, these are cultural norms that an individual learns early in life which govern the way that individual regulates or expresses their emotional behaviors depending on the current social context. These emotions/behaviors are dictated by the surrounding culture and society in which the individual grows up.
Recession and inflation have decreased the value of your investments. This is an example of ______.a. economic risk. b. industry risk. c. company riskd. investment risk
Answer:
A
Explanation:
Economic risk is the risk that macroeconomic conditions would affect the value of investment .
Examples of economic risks are Recession and inflation
According to your text, the accounting profession has adopted a modified all-inclusive concept to income reporting. Using this approach companies report unusual or irregular items as a part of net income. What are these items and are they reported separately on the income statement
Answer:
The unusual or irregular items are:
Gains or losses from the sales of assetsGains or losses from the restructuring of debtsAsset impairment gains or lossesGains or losses from discontinued operationsGains or losses from the early pay-off of Bonds/DebtsGains or losses arising from Merger and Acquisition or divestitureGains or losses arising from natural disaster damagesGains or losses from changes in accounting policiesLitigation or Insurance settlements and proceedsThese items are reported separately on the income statement. They are not included in the operating income as they do not form part of the core operations of businesses.
Explanation:
The modified all-inclusive concept or comprehensive income concept attempts to report all gains or losses including nonrecurring, unusual, or irregular items as part of the net income in order to ensure more informative and less subjective financial reporting. It is the opposite of the Current operating performance concept which takes nonrecurring, irregular, or unusual items straight to the Equity in the balance sheet. However, with the modified all-inclusive concept, these items are usually reported separately on the income statement so that users of financial statements could decide whether to include or exclude them in their analysis.
On November 15, a builder in a signed writing contracted with a homeowner, for an agreed price, to personally remodel the homeowner's kitchen according to specifications provided by the homeowner, and to start work on December 1. The builder agreed to provide all materials for the job in addition to all of the labor required. On November 26, the homeowner, without legal excuse, repudiated the contract. Notwithstanding the homeowner's repudiation, however, the builder subsequently purchased for $5,000 materials that could only be used in remodeling the homeowner's kitchen and promptly notified the homeowner, "I will hold you to our contract." If allowed to perform, the builder would have made a profit of $3,000 on the job. If the homeowner refuses to retract his repudiation, and the builder sues him for damages, what is the maximum that the builder is entitled to recover
Answer:
the builder could recover up to $3,000 which was his expected profit form the job.
Explanation:
In contract law, this is referred to as expectation damages. When one party breaches a contract, the non-breaching party is allowed to sue and recover the amount that he/she expected to win or gain with the transaction. In this case, the builder expected to earn a $3,000 profit, therefore, he can sue to recover the $3,000 of lost expected profits.
A company has $317,000 in credit sales. The company uses the allowance method of determining uncollectible accounts expense. The allowance for doubtful accounts now has an $8,150 debit balance. If the company uses the allowance method based on 6% of credit sales, what will be the amount of the journal entry credited to allowance for uncollectible accounts
Answer: $19020
Explanation:
From the question, we are informed that a company has $317,000 in credit sales and that the company uses the allowance method of determining uncollectible accounts expense.
We are further told that the allowance for doubtful accounts now has an $8,150 debit balance and that the company uses the allowance method based on 6% of credit sales.
Thee amount of the journal entry credited to allowance for uncollectible accounts will be:
=$317000 × 6%
= $317,000 × 0.06
=$19020
How would one demonstrate empathy in a problem resolution with a customer if they are prohibited from helping the customer?
Answer and Explanation:
In simple words, empathy refers to the capability to understand and share the feelings for another person. It contains a long way fro building trust and develops a positive relationship.
Now just take an example suppose a person help the client so he would represent the empathy by speaking in soft spoken language so that the confidence and the trust in the company products could be seen. Also it does not permit the person to fulfill the customer demand as per the company policies.
Miracle Green Corporation operates two garden supply stores: A and B. The following information relates to store A: Sales revenue $ 810,000 Variable operating expenses 319,000 Fixed expenses: Traceable to A and controllable by A 230,000 Traceable to A and controllable by others 111,000 A's segment profit margin is:
Answer:
A's segment profit margin is: $151,000
Explanation:
Calculation of A's segment profit margin
Sales revenue $ 810,000
Less Variable operating expenses ($319,000)
Controllable Contribution $491,000
Less Fixed expenses:
Traceable to A and controllable by A ($230,000)
Traceable to A and controllable by others ($111,000)
Profit Margin $151,000
Which domain requires annual security awareness training and employee background checks for sensitive positions to help mitigate risks from employee sabotage
Answer: The systems/application domain
Explanation:
The systems/application domain is the domain that requires annual security awareness training and employee background checks for sensitive positions in order to help mitigate risks from employee sabotage.
This domain is the segment of reality that is used for the development of software system. Examples include servers, e-mail application, operating systems etc
CoffeeCarts has a cost of equity of , has an effective cost of debt of , and is financed with equity and with debt. What is this firm's WACC?
Answer: 12.6%
Explanation:
The Weighted Average Cost of Capital like the term suggests , is the wieghted average cost of the various forms of capital used by a company including debt, equity and preferred equity.
Formula is;
= (Weight of equity* cost of equity) + (weight of debt * cost of debt)
= ( 15.5% * 0.75) + ( 3.9% * 0.25)
= 12.6%