Answer:
See below
Explanation:
With regards to the above information, the contribution margin is computed as seen below.
Contribution margin per composite unit = Selling price per composite unit - Variable cost per composite unit
= $150 - $50
= $100
Hence, the contribution margin per composite unit is $100
$ 485,000 $ 432,000 $Enter a dollar amount Enter percentages rounded to 0 decimal places % Inventory $ 786,000 $ 617,000 $Enter a dollar amount Enter percentages rounded to 0 decimal places % Total assets $3,111,000 $2,707,000 $Enter a dollar amount Enter percentages rounded to 0 decimal places %
Answer:
Accounts receivable
Dec 31, 2017 = $485,000
Dec 31, 2016 = $432,000
Amount = $53,000
Percentage = $53,000/$432,000
Percentage = 0.1226852
Percentage = 12%
Inventory
Dec 31, 2017 = $786,000
Dec 31, 2016 = $617,000
Amount = $169,000
Percentage = $169,000 / $617,000
Percentage = 0.2739060
Percentage = 27%
Total assets
Dec 31, 2017 = $3,111,000
Dec 31, 2016 = $2,707,000
Amount = $404,000
Percentage = $404,000/$2,707,000
Percentage = 0.1492427
Percentage = 15%
Vipsana's Gyro House sells gyros. The cost of ingredients (pita, meat, spices, etc.) to make a gyro is $2.00. Vipsana pays her employees $60 per day. She also incurs a rent of $20 per day. Calculate Vipsana's variable cost per day when she produces 50 gyros using two workers?
A) $100
B) $124.40
C) $220
D) $240
Calculate Vipsana's total cost per day when she produces 50 gyros using two workers?
A) $100
B) $124.40
C) $220
D) $240
Calculate Vipsana's average fixed cost per day when she produces 50 gyros using two workers?
A) $2.00
B) $2.40
C) $0.40
D) $6.80
What is Vipsana's total cost per day when she does not produce any gyros and does not hire any workers?
A) $0
B) $2
C) $60
D) $20
Answer:
C
D
C
D
Explanation:
Fixed costs are costs that do not vary with output. e,g, rent, mortgage payments
If production is zero or if production is a million, Mortgage payments do not change - it remains the same no matter the level of output.
Hourly wage costs and payments for production inputs are variable costs
Variable costs are costs that vary with production
If a producer decides not to produce any output, there would be no need to hire labour and thus no need to pay hourly wages.
Variable cost per day = 2 x employees pay + (cost of ingredients x 50)
(60 x 2) + (50 x 2)
120 + 100 = 220
Total cost per day = fixed cost + variable cost per day
220 + 20 = 240
Average fixed cost per day = total fixed cost per day / 50
20 / 50 = $0.40
Vipsana's total cost per day when she does not produce any gyros and does not hire any workers is the cost of rent. Rent is a fixed cost. The firm would still have to pay rent even if its output it zero
Bonita Industries constructed a building at a cost of $14400000. Weighted-average accumulated expenditures were $5620000, actual interest was $566000, and avoidable interest was $272000. If the salvage value is $1120000, and the useful life is 40 years, depreciation expense for the first full year using the straight-line method is
Answer:
$338,800
Explanation:
Cost of the building = $14400000
Average accumulated expenditures = $5620000
Actual interest = $566000
Avoidable interest = $272000
Salvage value = $1120000
Useful life = 40 years
Depreciation expense for the first full year:
= ((Cost of the building + Avoidable interest) - Salvage value) / Useful life
= (($14400000 + $272000) - $1120000) / 40
= ($14672000 - $1120000) / 40
= $13552000 / 40
= $338,800
What is the effective annual cost of skipping the discount and paying at the end of the net period for the following credit terms: 6/10, net 70
Answer:
APR = 38.829%
APY = 45.70%
Explanation:
Missing word "Calculate the APR and the APY."
Discount % = 6%
Total period = 70
Discount period = 10
i. APR = (Discount% / [100% - Discount%]) * (365 / [Total period - Discount period])
APR = [6% / 100%-6%] * [365 / 70 - 10]
APR = 6%/94% * 365/60
APR = 0.06382979 * 6.083333
APR = 0.38829787
APR = 38.83%
ii. APY = (1 + [Discount% / {100% - Discount%}])^(365/[Total period - Discount period]) - 1
APY = [1 + [6%/ / 100%-6%]^(365/70-10) - 1
APY = {1 + 0.06382979]^6.083333 - 1
APY = 1.06382979^6.083333 - 1
APY = 1.45704250704 - 1
APY = 0.45704250704
APY = 45.70%
Please identify what type of error the following sentence includes: While searching for employment, I travelled to Shanghai, China; Los Angeles, California, and London, England.
A. Dangling modifier.
B. Capitalization.
C. Semicolon.
D. Redundancy.
E. Parallel structure.
Answer: C. Semicolon
Explanation:
The semicolon is used to link two independent clauses in a sentence. It can also be used for the introduction of a new sentence with words like therefore, however, etc.
In this question, the semicolon after China isn't appropriate, a comma will have been better in this regard. Therefore, the correct option is C.
A buyer has decided to offer $335,000 for a home that she really likes. The bank will loan her 80% of the purchase price for 30 years at 5% interest. What will be the amount of her principal and interest payment if the requirement is $5.68 per thousand of the loan amount?
Answer:
We have:
Amount of principal = $268,000
Interest payment = $1,522.24
Explanation:
These can be calculated as follows:
Loan principal = Cost of the home * Percentage to borrow = $335,000 * 80% = $268,000
Interest payment = (Loan principal / $1,000) * $5.68 = ($268,000 / $1,000) * $5.68 = 268 * $5.68 = $1,522.24
Therefore, we have:
Amount of principal = $268,000
Interest payment = $1,522.24
Calculating the price elasticity of supplyJake is a retired teacher who lives in New York City and does some consulting work for extra cash. At a wage of $50 per hour, he is willing to work 7 hours per week. At $65 per hour, he is willing to work 10 hours per week. Using the midpoint method, the elasticity of Jakeâs labor supply between the wages of $50 and $65 per hour is approximately ___ , which means that Jakeâs supply of labor over this wage range is ___ .
Answer:
1.38; Elastic
Explanation:
Calculation to determine the Elasticity of labor supply (E)
Using this formula
Elasticity of labor supply (E) = (Change in hours worked / Average hours worked) / (Change in wage rate / Average wage rate)
Let plug in the formula
Elasticity of labor supply (E) = [(10 - 7) / (10 + 7)] / [$(65 - 50) / $(65 + 50)]
Elasticity of labor supply (E) = (3/ 17) / (15 / 117)
Elasticity of labor supply (E) =0.1765/0.1282
Elasticity of labor supply (E)=1.38
Therefore elasticity of Jakeâs labor supply between the wages of $50 and $65 per hour is approximately 1.38 which means that Jakeâs supply of labor over this wage range is ELASTIC
Crane Corporation's computation of cost of goods sold is:
Beginning inventory $34800
Add: Cost of goods purchased 470000
Cost of goods available for sale 504800
Less: Ending inventory 72000
Cost of goods sold $432800
The average days to sell inventory for Fry are:________
Answer:
16.64 days
Explanation:
Given the above information, we will calculate the average days to sell inventories with the formula below;
Average days to sell inventories = [Ending inventory / Cost of goods sold] × 100
Ending inventory = $72,000
Cost of goods sold = $432,800
Then, Average days to sell inventories
= [$72,000 / $432,800] × 100
= 16.64 days
Therefore, the average days to sell inventory for Fry are 16.64 days
How might a person in an information technology company have a lot of power even if he or she does not hold an executive title
Answer:
Even if individual doesn't even have an executive role, a person responsible of information technology for a corporation might wield tremendous authority. This is due to the fact that power is not necessarily linked to a position of authority.
Explanation:
A person with leadership qualities can advance to positions of power, allowing them to put their abilities and personality attributes to good use. A person in charge of information technology is also responsible for optimising the company's digital technologies owing to the nature of the role and responsibilities.
In an Information Technology company, an individual can have a lot of power regardless of whether or not they hold an executive position. This is because organizational power is not just linked to hierarchical position.
What are the responsibilities of an IT professional?An individual who works with Information Technology handles sensitive information about an organization and is responsible for information security and optimization.
Therefore, an IT professional is responsible for managing information in an organization, creating and distributing it across computer networks securely and to the right users.
Find out more about Information Technology here:
https://brainly.com/question/984271
First National Bank charges 11.4 percent compounded monthly on its business loans. First United Bank charges 11.6 percent compounded semiannually. Calculate the EAR for each bank.
Answer:
EAR = (1 + APR/m)^m - 1. Where m = compounding periods
First National Bank
11.4 percent compounded monthly on its business loans
EAR = (1+11.4%/12)^12 - 1
EAR = (1.0095)^12 - 1
EAR = 1.12014921627 - 1
EAR = 0.12014921627
EAR = 12.014921627%
EAR = 12.01%
First United Bank
11.6 percent compounded semiannually
EAR = (1+11.6%/2)^2 - 1
EAR = (1.058)^2 - 1
EAR = 1.119364 - 1
EAR = 0.119364
EAR = 11.9364%
EAR = 11.94%
employees benfit and service
Explanation:
Medicare and social security contributions. ...
Worker's compensation insurance. ...
Minimum wage and overtime pay. ...
Health insurance. ...
Medical and family leave. ...
Disability insurance. ...
Wellness programs. ...
Commuter benefits.
The efficiency gains resulting from a just-in-time inventory management system will allow a firm to reduce its level of inventories permanently by $333,000. What is the most the firm should be willing to pay for installing the system
Answer:
Since the benefits of adopting a just-in-time inventory management system are $333,000, and these benefits are permanent; then we can assume that the company should be willing to pay up to $333,000 for installing the system. This amount varies depending on maintenance expenses or the costs of operating the system.
Explanation:
Becky is a single mother of two young children who spend their days at a daycare center while Becky goes to work. The daycare center closes at 5:30. If parents do not pick up their children at or before 5:30, the daycare center charges a late fee of $5 per child for every 10 minutes the parent is late.
Due to traffic, Becky expects to be 20 minutes late to pick up her children. How much would she be willing to pay for a variable toll road that would get her to the daycare center on time?
a. any price less than $5
b. any price less than $10
c. any price less than $20 1
d. Becky would not be willing to pay out of pocket to avoid traffic.
She expects to be 20 minutes late. She has to pay $5 for every 10 minutes.
20 minutes / 10 minutes = 2
2 x $5 = $10
If she is 20 minutes late she needs to pay $20.
She would be willing to pay anything less that $10, because anything less than 10 would save her money.
Answer: b. any price less than $10
Assume the following information for a merchandising company: Net operating income $ 19,000 Variable selling expenses $ 25,000 Cost of goods sold $ 295,000 Fixed administrative expenses $ 50,000 Fixed selling expenses $ 40,000 Variable administrative expenses $ 5,000 What are the company's sales
Answer:
$434,000
Explanation:
The net Operating income is $19,000
Variable selling expenses is $25,000
Cost of goods sold is $295,000
Fixed administrative expenses are $50,000
Fixed selling expenses is $40,000
Variable administrative expenses is $5000
The company sales can be calculated as follows
= 19,000+25,000+40,000+5000+50,000+295,000
= $434,000
The CEO of Kwikee Shoppe, a chain of convenience stores, believes that some of his managers aren’t making decisions as effectively as they could. He has hired you as a consultant to analyze the types of bias that could be causing poor decisions. If you can identify the biases that may cloud their judgment, then they can be made aware of these tendencies so they can improve their performance. You gather data about Kwikee Shoppe managers’ most recent decisions.
Stella is in charge of the western region, and she has a strong track record of opening new stores that perform well and closing stores that could not contribute satisfactorily to the bottom line. Lately, however, many of her new stores have had below average performance, and she has closed some stores that probably could have been turned around by putting a different store manager in charge, advertising more, or offering more specials on popular products. Nonetheless, Stella knows that she is great at her job. Which of the following would not be a way for Stella overcome this bias?
A. Consult with other regional managers for their opinion before closing stores.
B. Before closing a store, replace the manager with one from a successful store and revisit the decision in 90 days.
C. Create a checklist of items to ask before closing stores, providing weights to each item based on their importance.
D. Focus on the stores that she closed that would not have improved with a different manager in place, additional advertising, or sales.
Answer:
Kwikee Shoppe
The way that Stella would overcome this bias is:
D. Focus on the stores that she closed that would not have improved with a different manager in place, additional advertising, or sales.
Explanation:
The other listed actions would enable Stella to overcome her personal bias, which may be clouding her sense of judgment. The focus on the stores that she had closed would only puff her ego instead of reducing bias. To focus on the past when Stella is proud of her achievements cannot allow her to objectively review the situation in order to improve on her decisions and performance.
Equipment with a book value of $65,300 and an original cost of $133,000 was sold at a loss of $14,000. Paid $89,000 cash for a new truck. Sold land costing $154,000 for $198,000 cash, yielding a gain of $44,000. Long-term investments in stock were sold for $60,800 cash, yielding a gain of $4,150. Use the above information to determine cash flows from investing activities.
Answer:
Net cash provided by investing activities $221,100
Explanation:
The computation of the cash flows from investing activities is shown below:
Sale of equipment (65300 - 14000) 51300
Less: Purchase of new truck -89000
Add: Sale of land 198000
Add: Sale of Long-term investments 60800
Net cash provided by investing activities $221,100
Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware budgeted 28,300 barrels of oil for purchase in June for $71 per barrel. Direct labor budgeted in the chemical process was $221,000 for June. Factory overhead was budgeted at $361,700 during June. The inventories on June 1 were estimated to be:
Question Completion:
The inventories on June 1 were estimated to be:
Oil $15,200
P1 8,500
P2 8,600
Work in process 12,900
The desired inventories on June 30 were:
Oil $16,100
P1 9,400
P2 7,900
Work in process 13,500
Use the preceding information to prepare a cost of goods sold budget for June 2015
Answer:
Delaware Chemical Company
The Cost of goods sold budgeted for June 2015 is:
= $2,597,500.
Explanation:
a) Data and Calculations:
Budgeted purchase of barrels of oil for June = $2,009,300 (28,300 * $71)
Budgeted direct labor for June 221,000
Budgeted factory overhead for June 361,700
The inventories on June 1 were estimated to be:
Oil $15,200
P1 8,500
P2 8,600
Work in process 12,900
Beginning inventory $45,200
The desired inventories on June 30 were:
Oil $16,100
P1 9,400
P2 7,900
Work in process 13,500
Ending inventory $39,700
Cost of goods sold:
Beginning inventory $45,200
Budgeted purchase 2,009,300
Budgeted direct labor 221,000
Budgeted factory overhead 361,700
Ending inventory (39,700)
Cost of goods sold = $2,597,500
Leahy Corp. sells $300,000 of bonds to private investors. The bonds are due in five years, have a 6% coupon rate, and interest is paid semiannually. The bonds were sold to yield 4%. Group of answer choices The bonds were sold at a discount, with annual interest expenses more than $18,000 The bonds were sold at a discount, with annual interest expenses less than $18,000 The bonds were sold at a premium, with annual interest expenses more than $18,000 The bonds were sold at a premium, with annual interest expenses less than $18,000 The bonds were sold at par, with annual interest expenses equal to $18,000
Answer:
The bonds were sold at a premium, with annual interest expenses less than $18,000
Explanation:
r = 4% per annum = 4%*6/12 = 2%
n = 5 years * 2 = 10
Present value of annuity factor = [1 - (1+r)^(-n)] / r
Present value of annuity = [1 - (1.02)^(-10)] / 0.02
Present value of annuity = 8.982585
Interest payment = $300,000*6%*6/12
Interest payment = $9,000
Present value factor = 1/(1+r)^n
Present value factor = 1 / (1.02)^10
Present value factor = 0.8203483
Face value = $300,000
Selling value of bond = [8.982585*9000] + [0.8203483*300,000]
Selling value of = 80,843.265 + 246,104.49
Selling value of = 326,948. (Amount that bond are sold for is greater than 300,000 i.e at a premium).
Coupon rate payment = $300,000*6%
Coupon rate payment = $18,000
If average household income increases by 20%, from $50,000 to $60,000 per year, the quantity of rooms demanded at the Triple Sevens from rooms per night to rooms per night. Therefore, the income elasticity of demand is , meaning that hotel rooms at the Triple Sevens are
Answer:
Therefore, the income elasticity of demand is 0.83, meaning that hotel rooms at the Triple Sevens are normal goods and necessities.
Explanation:
Note: This question is not complete as some data in it are missing. The complete question is therefore provided before answering the question as follows:
If average household income increases by 20%, from $50,000 to $60,000 per year, the quantity of rooms demanded at the Triple Sevens rises from 300 rooms per night to 350 rooms per night. Therefore, the income elasticity of demand is __________, meaning that hotel rooms at the Triple Sevens are__________.
The explanation of the answer is now provided as follows:
Percentage change in income = 20%
Percentage change in quantity of rooms demanded = ((350 - 300) / 300) * 100 = 16.67%
Income elasticity of demand = Percentage change in quantity of rooms demanded / Percentage change in income = 16.67% / 20% = 0.83
Since the income elasticity of demand is positive but less than one, this implies that hotel rooms at the Triple Sevens are normal goods and necessities.
Therefore, the income elasticity of demand is 0.83, meaning that hotel rooms at the Triple Sevens are normal goods and necessities.
Leisure Enterprise’s total cost of producing speedboats is given by TC = 10 Q 3 – 4 Q 2 + 25 Q + 500. On the basis of this information, the marginal cost of producing the 25th speedboat is:
Answer:
The marginal cost of producing the 25th speedboat is 18,575.
Explanation:
Note that the given Leisure Enterprise’s total cost (TC) of producing speedboats is correctly stated as follows:
TC = 10Q^3 - 4Q^2 + 25^Q + 500 …….………….. (1)
Where Q represents the quantity of speedboats produced.
To obtain the marginal cost (MC) of producing speedboats, equation (1) is differentiated with respect to Q as follows:
MC = dTC/dQ = 30Q^2 - 8Q + 25 ………………… (2)
Finding the marginal cost (MC) of producing the 25th speedboat implies that Q = 25.
Substituting Q = 25 into equation (2), we have:
MC = (30 * 25^2) - (8 * 25) + 25 = 18,575
Therefore, the marginal cost of producing the 25th speedboat is 18,575.
Union Local School District has bonds outstanding with a coupon rate of 3.9 percent paid semiannually and 16 years to maturity. The yield to maturity on these bonds is 4.2 percent and the bonds have a par value of $5,000. What is the price of the bonds
Answer:
Thx foe tge points lol
Explanation:
✨✋
The following are all characteristics of projects EXCEPT: A. Projects are complex, involving a variety of skills and capabilities. B. Projects have a clear starting and ending point. C. Projects typically require significant levels of cross-functional and inter-organizational coordination. D. Projects are non-routine, making planning difficult. E. Projects are companies that launch a new, sustainable business model.
Answer:
E. Projects are companies that launch a new, sustainable business model.
Explanation:
project can be regarded as series of tasks which is under processing and need to be completed so that specific outcome can be reached. A project can as well be regarded as a set of both outputs and inputs that it's needed in achieving a particular goal. Projects can simple or complex one , managing of project can be by one person or a hundred.
It should be noted that following are all characteristics of projects;
✓ Projects are non-routine, making planning difficult.
✓Projects are complex, involving a variety of skills and capabilities.
✓ Projects have a clear starting and ending point.
✓Projects typically require significant levels of cross-functional and inter-organizational coordination.
A monopolistically competitive firm is currently producing 20 units of output. At this level of output the firm is charging the highest price it can at $20, has marginal revenue equal to $12, has marginal cost equal to $12, and has average total cost equal to $18. From this information we can infer that a. firms are likely to leave this market in the long run. b. the firm is currently maximizing its profit. c. the firm is earning zero profit. d. the profits of the firm are negative.
Answer:
Option b (the firm is currently maximizing its profit) is the right approach.
Explanation:
Given values are:
[tex]P=20[/tex][tex]Q=20[/tex][tex]ATC=18[/tex]Now,
The profit will be:
= [tex]P\times Q-(ATC\times Q)[/tex]
By substituting the values, we get
= [tex]20\times 20-18\times 20[/tex]
= [tex]400-360[/tex]
= [tex]40[/tex]
Thus, the above is the correct answer.
Sandy purchased a new dress through Zappos. When it arrived, she opened the package and saw that the dress had very small cap sleeves. Slightly annoyed that they dress did not look like the photo on the website, she tried the dress on only to realize that it was too short for her. She regretted buying this dress. Luckily for her, Zappos included an easy return label for free return shipping and a comment card where she could indicate why she was returning the purchase. Zappos made it easy for Sandy to address her cognitive dissonance by focusing on processes for which area of the consumer decision-making process?
a. evaluating alternatives process.
b. postpurchase process.
c. making the purchase process.
Answer:
Option b: Post purchase process
Explanation:
There are several reasons or outcomes of post-purchase processes/evaluation of a product by consumers. They includes:
1. Post-purchase dissonance
2. Regret
3. Satisfaction/dissatisfaction
Post-purchase dissonance
This is simply known as a well-known feeling of anxiety over if the correct purchase decision was made concerning a product or services. It is said to occur when there is more than one alternative that is attractive thereby making the decision process important.
Post-purchase regret
This is simply regarded as a feeling that a wrong purchase decision has been made concerning a particular product or services. It is said to occur when one cannot reverse the decision and have experienced a negative outcome from the decision made.
product satisfaction.
This is said to exist when the consumer makes a positive evaluation and feels happy with their decision made concerning a particular product purchased.
Tisdale Incorporated reports the following amount in its December 31, 2021, income statement. Sales revenue $ 250,000 Income tax expense $ 20,000 Non-operating revenue 100,000 Cost of goods sold 180,000 Selling expenses 50,000 Administrative expenses 30,000 General expenses 40,000 Required: 1. Prepare a multiple-step income statement
Answer and Explanation:
The preparation of the multiple step income statement is presented below
Sales revenue $250,000
Less: cost of goods sold -$180,000
Gross profit $70,000
Less
Selling expenses 50,000
Administrative expenses 30,000
General expenses 40,000
Total operating expenses -$120,000
Non operating revenue $100,000
Income before income taxes $50,000
Less: income tax expense -$20,000
Net income $30,000
A company has a factory that is designed so that it is most efficient (average unit cost is minimized) when producing 27,100 units of output each month. However, it has an absolute maximum output capability of 33,000 units per month, and can produce as little as 7,000 units per month without corporate headquarters shifting production to another plant. If the factory produces 17,470 units in October, what is the capacity utilization rate in October for this factory
Answer: 64.47%
Explanation:
Units produced in October = 17470
Units production in the most efficient way = 27,100
Therefore, the capacity utilization rate in October for the factory will be:
= Units produced in October / Units production in the most efficient way
= 17470 / 27100
= 0.6447
= 64.47%
The capacity utilization rate in October for this factory is 64.47%.
Other things equal, diversification is most effective when Group of answer choices Securities returns are uncorrelated. Securities' returns are high. Both securities' returns are positively correlated and securities' returns are high. Securities' returns are positively correlated. You hold equal proportions of each security in a portfolio.
Answer:
Securities returns are uncorrelated.
Explanation:
Portfolio diversification is the process of holding different asset and security classes in order to minimise the non systemic risk of the portfolio
Non systemic risk are risks that can be diversified away. they are also called company specific risk. Examples of this type of risk is a manager engaging in fraudulent activities.
Correlation is a statistical measure used to measure the relationship that exists between two variables.
1. Positive correlation : it mean that the two variables move in the same direction. If one variable increases, the other variable also increases.
For example, there should be a positive correlation between quantity supplied and price
When there is a positive correlation, the graph of the variables is upward sloping
2. Negative correlation : it mean that the two variables move in different direction. If one variable increases, the other variable decreases.
For example, there should be a negative correlation between quantity demanded and price
When there is a negative correlation, the graph of the variables is downward sloping
3. Zero correlation : there is no relationship between the variables
In order to achieve the highest benefit of diversification, there should be no relationship between the assets in the portfolio
Making a Decision as Chief Financial Officer: Contingent Liabilities
For each of the following situations, determine whether the company should (a) report a liability on the balance sheet, (b) disclose a contingent liability, or (c) not report the situation. Justify and explain your conclusions.
1. An automobile company introduces a new car. Past experience demonstrates that lawsuits will be filed as soon as the new model is involved in any accident The company can be certain that at least one jury will award damages to people injured in an accident.
2. A research scientist determines that the company’s best-selling product may infringe on another company’s patent. If the other company discovers the infringement and suit, your company could lose millions.
3. As part of land development for a new housing project, your company has polluted lake. Under state law, you must clean up the lake once you complete development project will take five to eight years to complete. Current estimates indicate it will cost $2 to $3 million to clean up the lake.
4. Your Company has just been notified that it lost a product liability lawsuit for $1 million that it plans to appeal. Management is confident that the company will on appeal, but the lawyears belive that it will lose.
5. A key customer is unhappy with the quality of a major construction project. The company belives that the customer is being unreasonable but, to maintain goodwill, has decided to do $250,000 in next year.
Answer:
sry need points
Explanation:
According to a survey done by the Anti-Fraud Collaboration, the majority of participants believe it is the job of senior executives within an organization to set the tone to deter fraud.
a) true
b) false
True or false. The primary functions of price in a free market are to inform, direct, and motivate consumers and firms.
Answer:
True
Explanation:
Prices in a free market co-ordinate the buying and selling decisions in the market. In their rationing role, prices inform the distribution of goods and other resources throughout the economy. Prices motivate firms by acting as incentives that provide a standard of measure of value throughout the world. Prices direct producers and consumers, thereby acting as signals to educate producers and consumers on how to adjust their production and consumption decisions.
