It will also have an impact on the CPI since because the cost of this good has decreased, so will the CPI, perhaps leading to a deflation.
The rise in import costs boosts real GDP and the GDP deflator because the US will import fewer of these cars from China as a result of people choosing to buy locally produced, more affordable vehicles, which will boost GDP even more than before. As a result, this scenario only affects the GDP deflator because real GDP is calculated as the sum of consumption spending, government spending, and government saving (in dollars). Both the GDP deflator and the CPI will be impacted by this because, in the first place, it will have an impact on exports, which will grow and generate more income for the US, raising real GDP as a result of lower fishing product prices, which will boost the US economy. It will also have an impact on the CPI since because the cost of this good has decreased, so will the CPI, perhaps leading to a deflation.
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hich of the following is not a true statement about cost behavior patterns (within the relevant range)? answer the cost behavior of variable costs in total is sometimes described as strictly variable or proportionately variable. a variable cost changes in total in proportion to changes in the related level of total activity or volume of output produced. a variable cost decreases on a per-unit basis as the number of production units increases. fixed costs in total remain unchanged for a given time period, despite changes in the related level of total activity or volume of output produced.
Out of the given choices, ''a variable cost changes in total in proportion to changes in the related level of total activity or volume of output produced,'' is the true statement about cost behavior patterns. Therefore, the option B holds true.
The variable cost can be understood as the cost that is completely contingent of its occurrence. Moreover, the benefits of the variable costs are usually derived within the same year that it is incurred in. Unlike the fixed costs, the variable costs changes the volume of productivity and output in an organization.
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which of the following statements are true? multiple select question. scattergraphs are a way to diagnose cost behavior. when plotting a scattergraph, cost is the independent variable. plotting data on a scattergraph is an important diagnostic step. scattergraphs should be used after high-low or regression analysis is performed.
Scatter graphs are a way to diagnose cost behavior and -Plotting data on a scatter graph is an important diagnostic step statements are true.
Which type of regression analysis predicts the dependent variable using numerous independent variables?Several random variables are examined using multiple linear regression (MLR) to find a mathematical relationship between them. 1 In other words, MLR investigates the relationships between a number of independent factors and a single dependent variable.
Modeling the link between a group of independent factors and a nominal dependent variable is done using nominal logistic regression, also referred to as multinomial logistic regression. Like scratch, dent, and tear, a nominal variable has at least three groups that are not arranged naturally.
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Griffin Service Company, Inc., was organized by Bennett Griffin and five other investors. The following activities occurred during the year:
Received $72,000 cash from the six investors; each investor was issued 8,600 shares of common stock with a par value of $0.10 per share.
Purchased equipment for use in the business at a cost of $20,000; one-fourth was paid in cash and the company signed a note for the balance (due in six months).
Signed an agreement with a cleaning service to pay $140 per week for cleaning the corporate offices next year.
Received an additional contribution from investors who provided $3,200 in cash and land valued at $17,000 in exchange for 1,200 shares of stock in the company.
Lent $2,700 to one of the investors, who signed a note due in six months.
Bennett Griffin borrowed $7,200 for personal use from a local bank, signing a one-year note.
Required:
Using the balances in the T-accounts, fill in the following amounts for the accounting equation:
T-accounts for Griffin Service Firm, Inc.
Cash Account Account Title Debit Credit Common Stock $5,460 Paid-in Material In Excess Of $71,540 Equipment $6,250 Paid-in Equity In Excess Of $3,700
Notes Receivable Account Title Debit Credit Cash $3,200 Journal Entries:
a. Credit Paid-in Material In Excess $71,540 Debit Current Account $77,000 Loan Common Stock $5,460
b. To document the issuance of 9,100 shares to each investor, each with a $0.10 par value.
c. Credit Cash $6,250 Debit Equipment $25,000 Debit Notes Payable $18,750
Equipment is purchased with cash and a note payable.
d. No need for a diary entry d. Credit Cash $3,700
Land $22,000 in debit $170 in Common Stock and $25,530 More Paid-in Capital
In order to document the purchase of 1,700 shares for money and land.
e. Credit $3,200 Debit Notes Receivable Account Cash $3,200
to document the financial assistance given by one of the shareholders.
f. There isn't a diary entry needed.
There is no need to record activities c and f in the journal. The following year, c will obtain services. The corporation as a legal entity is unaffected by the transactions.
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if there is a price ceiling of $5, the difference in the price consumers have to pay and the price that they are willing to pay is, in numerals, $ . please type the correct answer in the following input field, and then select the submit answer button or press the enter key when finished.
The difference between the amount consumers are willing to pay and the amount they have to pay when the price ceiling is set at $5 is zero.
This is because the price ceiling is a maximum price set by the government that cannot be exceeded. Therefore, if the price consumers are willing to pay is lower than the price ceiling of $5, then the price they must pay is also $5.
On the other hand, if the price consumers are willing to pay is higher than the price ceiling of $5, then the price they must pay is still $5, meaning that the difference between the two prices would be zero.
Price ceilings are implemented in order to ensure that goods and services remain affordable to consumers by preventing prices from rising too high in a certain market. By setting a price ceiling, the government is able to protect consumers from having to pay exorbitant prices in the market.
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For external reporting purposes, it is appropriate to use estimated gross profit rates to determine the cost of goods sold for
I. Interim financial reporting
II. Year-end financial reporting
a. Both I and II
b. I only
c. II only
d. Neither I nor II
For external reporting purposes, it is appropriate to use estimated gross profit rates to determine the cost of goods sold for Interim financial reporting b) I only
Estimating gross profit rates to determine the cost of goods sold is appropriate for interim financial reporting. The estimated gross profit rates should not, however, be used for year-end financial reporting.
This is because year-end financial statements are meant to provide a much more accurate picture of the company's financial situation and the estimated gross profit rates cannot provide the same level of accuracy that actual calculations can.
For example, actual calculations of the cost of goods sold would take into account any changes in the cost or availability of the goods being sold, while estimated gross profit rates would not. Therefore, it is not appropriate to use estimated gross profit rates for year-end financial reporting.
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Which of the following statements best describes what you should expect if you randomly select stocks and add them to your portfolio?a. Adding more such stocks will reduce the portfolio's beta coefficient and thus its systematic risk.b. Adding more such stocks will have no effect on the portfolio's risk.c. Adding more such stocks will increase the portfolio's expected rate of return.d. Adding more such stocks will reduce the portfolio's market risk but not its unsystematic risk.e. Adding more such stocks will reduce the portfolio's unsystematic, or diversifiable, risk.
If the stocks with which the firm should invest are chosen at random, the company's riskiness will now be significantly reduced will be "adding more such stocks will reduce the portfolio's beta coefficient and thus its systematic risk".
Adding random stocks would provide diversification benefits. Because the random stocks were likely to have little correlation, the company's specific risk would be lowered.
The portfolio's diversifiable risk would most certainly decrease, but the predicted market risk should remain constant.
The further equities you have in their portfolio, the lower your exposure to unsystematic risk. A portfolio of ten or more equities, particularly those from different industries or sectors, is far less risky than just a portfolio of merely two firms.
Therefore, the correct answer will be option (a)
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the effectivesness of demand-based pricing often depends on a marketer's ability to determine all the costs associated with the product
The given statement "The effectiveness of demand-based pricing often depends on a marketer's ability to determine all the costs associated with the produc" false because demand-based pricing techniques are simple to implement.
Demand-based pricing is any pricing technique that takes into account swings in consumer demand as well as adjusts prices to reflect the resulting changes in perceived value.
When developing a value-based pricing structure, marketers must first determine whether to provide value or emphasis on features. This is the point at which you must be strategic. There are two fundamental pricing techniques based on value.
Value-based pricing is a pricing approach that bases prices primarily on the perceived value for a product or service by the consumer. Consumer-focused value-based pricing means that organizations base company pricing on how much a consumers think a product is worth.
The question is incomplete, the complete question is:
The effectiveness of demand-based pricing often depends on a marketer's ability to determine all the costs associated with the product.
(a) True
(b) False
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Suppose you want to save $10000 to buy a car. You have $6,000 to deposit today and you can earn 6% on your investments. You want to know when you'll have enough to buy the car. Which of the following spreadsheet functions will solve the problem? Click the answer you think is right. =NPER(6,0,6000,10000) =NPER(6,0,-6000,10000) =NPER(0.06,0,6000,10000) =NPER(0.06,0,-6000,10000)
The spreadsheet function NPER(0.06,0,-6000,10000) will solve the problem.
What is spreadsheet?A spreadsheet, also known as an electronic work sheet, is a computer programme that graphs data by organising it into rows and columns. Formulas, commands, and formats can be used to modify each row and column. This tool is particularly useful for accountants, financial analysts, and business people who need to analyse business performance numbers and results.
NPER means the number of periodic payments needed when the interest rate, initial and final balance, and the payment values are given.
In excel, it is of the form NPER( rate, pmt, pv, [fv])
Here rate is 6% or 0.06
Pmt is Payment per period which is 0
Pv is Present Value, that is -6000 since it is to be paid.
Fv is future value which is 10000
Thus, The spreadsheet function NPER(0.06,0,-6000,10000) will solve the problem.
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an industrial food-processing factory has been applying the behavioral science approach to management for over 100 years. however, because that method of management is too simplistic for practical use, the factory managers should begin implementing principles of the newer and more sophisticated human relations movement, which is the most contemporary approach to management. True or False
The industrial food processing operation has used a behavioral management approach for over 100 years. The given statement is false.
What is industrial food-processing factory?
A food processing facility is a commercial operation that manufactures, packages, labels or stores food for human consumption, and provides food for sale or distribution to other business entities such as food processing plants or food establishments. Food processing generally includes the basic preparation of foods, the alteration of a food product into another form (as in making preserves from fruit), and preservation and packaging techniques. Food processing enhances the shelf life of food through various ways such as microorganism control, low-temperature storage, dehydration, and removal of oxygen. It also alters the texture, flavor, and nutritional value of food products to appeal to consumers.
Prevent food-contamination. Food storage and Transportation. Turns raw food materials into attractive, marketable products. Provide employment to a large population.
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Effective leaders are born, not made. To what extent do you agree with this assertion?
Leaders are produced; they are never born. There are many assumptions about leaders, and they are supported by the reality that a person's upbringing—including their family, friends, and belief systems—as well as many other factors—are directly responsible for their path and their success in life.
What is Leadership?
Leadership is the accomplishment of a task through controlling human helpers. A leader is a person who skillfully organizes his human colleagues to accomplish specific goals. A great leader is someone who can do this every day, every year, in a wide range of situations.
He may not be powerful or show it; he may never use force or the threat of violence in his interactions. He could not be well-liked, and his admirers might never carry out his orders because they love or respect him. He might never be a flamboyant character, and he might never employ catchy techniques to highlight the goals of his group or draw attention to his leadership.
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Although most people do not manage a business, nearly everyone acts as a seller in some context of their daily lives. Out of the statements below select all that would be a person acting as a seller.
(i) dodger starts a dog walking business
(b) Angie sells her used guitar on craigslist
(ii) John lists his house for sale
(iii) Vanessa is hired as a pilot for American Airlines
(iv) Jessica throws a birthday party for her little sister
(v) Melanie sends in her application to Arizona State University
(vi) Brendon asks his friends to help him move
Out of the statements given, (i) Dodger starting a dog walking business, (b) Angie selling her used guitar on Craigslist, (ii) John listing his house for sale are examples of a person acting as a seller. In these situations, the individuals are offering goods or services for sale in exchange for compensation.
People frequently operate as vendors in numerous circumstances in everyday life. Starting a company, selling personal belongings, advertising a house for sale, or providing services for hire are all examples of this. Options are provided in the supplied statements.
Individuals acting as sellers are involved in I Dodger starting a dog walking company, (b) Angie selling her used guitar on Craigslist, and (ii) John listing his property for sale. Options, on the other hand (iii) Vanessa is employed as an American Airlines pilot, (iv) Jessica prepares a birthday party for her younger sister.
(v) Melanie applies to Arizona State University, and (vi) Brendon asks his friends to assist him move do not include persons acting as sellers. Finally, people can function as sellers in a variety of situations but not all options involve selling.
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capacity the amount of data and information a storage device can hold concentric circular band around the disk something is made up of two parts legal claim that a business has to names, inventions, and ideas. T/F
Th given statement "capacity the amount of data and information a storage device can hold concentric circular band around the disk something is made up of two parts legal claim that a business has to names, inventions, and ideas " is True.
What is Intellectual property?Inventions, literary and artistic works, designs, and symbols, names, and pictures used in business are all examples of intellectual property (IP).
Intangible works of human intellect are included in the category of property known as intellectual property. Different nations recognize different kinds of intellectual property to varying degrees. The most well-known types include trade secrets, patents, copyrights, and trademarks.
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griffin service company, incorporated, was organized by bennett griffin and five other investors (that is, six in total). the following activities occurred during the year: A.Received $72,000 cash from the six investors; each investor was issued 8,600 shares of common stock with a par value of $0.10 per share.
B.Purchased equipment for use in the business at a cost of $20,000; one-fourth was paid in cash and the company signed a note for the balance (due in six months).
C.Signed an agreement with a cleaning service to pay $140 per week for cleaning the corporate offices next year.
D.Received an additional contribution from investors who provided $3,200 in cash and land valued at $17,000 in exchange for 1,200 shares of stock in the company.
E.Lent $2,700 to one of the investors, who signed a note due in six months.
F.Bennett Griffin borrowed $7,200 for personal use from a local bank, signing a one-year note. Using the balances in the T-accounts, fill in the following amounts for the accounting equation:
There is no need to record transactions c and f in the journal. The following year, c will obtain services.
This transaction's journal entry is $27,000 debit from Chris Stosch’s account. Cash Account Credit. $5000. To Credit Payable Bills $22000.Because the truck is being purchased for personal use rather than for corporate purposes, it is a transaction of drawings. Drawings are defined as funds taken out of a business for personal use, which causes the owner's capital balance to drop. Because of the outflow of cash and the decline in the cash balance, the cash account is credited. The business's liability is its bills payable. because it is the money that the company owes its suppliers. There is no need to record transactions c and f in the journal. The following year, c will obtain services. The corporation as a legal entity is unaffected by the transaction in f.
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I don’t understand the question please help?
According to modern classification of accounts, the sales account is a(n) ________account.
According to modern classification of accounts, the sales account is a revenue account.
What is a revenue account?Revenues are the assets generated by the operations and business activities of a company. In other words, revenues include the cash or receivables received by a business in exchange for the sale of its goods or services. The revenue account is a credit balance equity account.
When we earn revenue, we need to properly record it in our accounting books.
The two kinds of revenue account- operating and non-operating revenue accounts can be classified further into-
SalesRent revenueDividend revenueInterest revenueContra revenue (sales return and sales discount)Therefore, the sales account is a revenue account.
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supply chain coordination risks that are associated with the day-to-day management of the supply chain, are normally dealt using which of the following? check all that apply. a. Long-term contract
b. Overtime
c. Safety lead time
d. Insurance
e. Safety stock
Supply chain coordination risks that are associated with the day-to-day management of the supply chain, are normally dealt using ;
a. Long-term contract
c. Safety lead time
e. Safety stock
What exactly is a supply chain?A supply chain is the network of all the people, businesses, resources, tasks, and technological advancements involved in the production and distribution of a good. An entire supply chain, from the distribution of raw materials from the supplier to the producer to the final delivery to the customer, is included.
The easiest distinction to make is that supply chains are in charge of the procurement, processing, and delivery of goods to the final consumer, whilst logistics is primarily concerned with the transportation and storage of items within supply chain organizations.
Therefore, option A, C and E are correct.
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cody, a management graduate, is looking for a position as a first-line manager and would like to become the president of a company someday. he knows what he wants to do in the future, but he wants to achieve his goal by working for a firm with a culture that matches his personal values. the route that cody wants to follow to achieve her goals best reflects _____values. A. instrumental
B. moral rights
C. justice
D. utilitarian
E. individualism
F. terminal
The route that Cody wants to follow to achieve her goals best reflects instrumental and moral rights values.
What is moral rights values?
Moral rights are personal rights that connect the creator of a work to their work. Moral rights are about being properly named or credited when your work is used, and the way your work is treated and shown. Moral rights require that your name is always shown with your work. This is called right of attribution. Moral rights are recognized under Section 57 of the Copyright Act, 1957. The right of paternity, right of dissemination, right of integrity, and right to retraction are available under this section. Waiver of moral rights is permitted if it is against public policy.
Under American Law, moral rights receive protection through judicial interpretation of several copyright, trademark, privacy, and defamation statues, and through 17 U.S.C. §106A, known as the Visual Artists Rights Act of 1990 (VARA). VARA applies exclusively to visual art.
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The route that Cody wants to follow to achieve her goals best reflects instrumental and moral rights values.
What is moral rights values?Moral rights are individual privileges that connect a work's author to it. You have the ethical right to moral control over how your work is handled and displayed when it is used, as well as the right to be properly identified or credited. As a matter of moral duty, your name must always be listed next to your creations.
Right of attribution is what we call this. Moral rights are recognised by the Copyright Act of 1957, Section 57. Your paternity, dissemination, integrity, and retraction rights are all protected by this section. It is possible to waive a moral right if doing so would violate public morality.
American law upholds moral rights through the judicial interpretation of a number of copyright, trademark, privacy, and defamation laws as well as through 17 U.S.C. The 1990 Visual Artists Rights Act, or H.R. 106A, is another name for it. (VARA). Only visual art can be used with VARA.
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Although they do not guarantee optimal solutions, ______________ are useful in finding reasonable solutions when the number of possible options is overwhelming.
Heuristics are helpful in locating reasonable solutions when there are a lot of conflicting options.
What sort of heuristic would this be?Heuristics can be viewed as neurocognitive frameworks that people frequently use to arrive at solutions quickly. For instance, if a student had to choose what to major in at university, she would probably follow her intuition and choose the course of study she thinks will be the most rewarding, useful, and interesting.
What does heuristic mean in plain English?Heuristics are mental shortcuts that are frequently used to streamline issues and prevent cognitive overload. Heuristics, which enable people to arrive at rational conclusions or solutions to complex issues quickly, are a function of how the brain evolved and is wired.
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On September 1, 2020, Sheffield Corporation acquired Sage Hill Enterprises for a cash payment of $710,000. At the time of purchase. Sage Hill's balance sheet showed assets of $620,000, liabilities of $240,000, and owners' equity of $380,000. The fair value of Sage Hill's assets is estimated to be $810,000. Compute the amount of goodwill acquired by Sheffield. Value assigned to goodwill $_____
The amount of goodwill acquired by Sheffield. The value assigned to goodwill is $90,000.
Sheffield Corporation acquired Sage Hill Enterprises for a cash payment the following table shows the goodwill acquired by Sheffield Corporation-
Acquisition price (Purchase) $710,000
Less: Fair value of net assets
The market price of assets is $ 810,000
Market price of liabilities $(240,000) (620,000)
Goodwill $90,000
A business enterprise is an organization—commonly a set of humans or a company—authorized via the country to act as a single entity and identified as such in regulation for sure purposes. Early incorporated entities were hooked up through the constitution. most jurisdictions now allow the advent of the latest agencies through registration.
An employer is a legal entity that is separate and awesome from its owners. underneath the law, organizations own most of the same rights and responsibilities as individuals. they could enter contracts, mortgage and borrow money, sue and be sued, lease personnel, own property, and pay taxes. A commercial enterprise company having a separate criminal entity, i.e. an identity wonderful from its proprietors, is referred to as a company or a company in India. Any company can sue or be sued by its very own call.
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For decades in the U.S., street vendors have popped up in densely populated areas, such as major cities, beaches, and festivals. These businesses sell things from hamburgers and hot dogs to tacos and Mexican street corn. After the recession hit between 2008 and 2009, the U.S. saw an increase in the number of mobile food businesses, namely an increase in the number of food trucks.
Because this is the first time this industry has seen this much growth, suppose investors look carefully at historical food truck financial records, customer feedback, and any other information they can get their hands on to give them better insight into the industry’s potential performance. After investors review this information, suppose they determine that there is a high likelihood of the businesses generating high cash flows, and thus a high return on their investment, and they revise their valuations of the stocks accordingly.
True or False: Given the scenario, the investors are using information on industry conditions to take their positions on the security.
This statement is True, Given the scenario, the investors are using information on industry conditions to take their positions on the security.
Investors are individuals or organizations that allocate capital with the expectation of generating a financial return. They come in many forms, including retail investors, institutional investors, and accredited investors. Retail investors typically invest in stocks, bonds, and mutual funds through a brokerage account, while institutional investors may invest in alternative assets such as private equity or real estate. Accredited investors, who must meet certain wealth and income requirements, are eligible to invest in private offerings not available to the general public.
Investors typically seek investments that offer high returns and low risk, but the level of risk they are willing to tolerate varies depending on factors such as their investment goals, time horizon, and personal circumstances. Investing can be done through a variety of channels, including self-directed accounts, managed portfolios, or through financial advisors. Overall, the goal of investing is to grow wealth over time and reach financial goals such as retirement, buying a home, or saving for future expenses.
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katrina has been hired as an hr generalist for a rapidly growing company that previously had no hr department or positions. during her first week on the job katrina realizes that the company has no written job descriptions and has never performed job analyses. katrina schedules a meeting with the company president to explain the need for job descriptions and the identification of essential job functions for compliance with laws like the
The identification of essential job functions for compliance with laws like the Americans with Disability Act
The Americans with Disabilities Act (ADA) forbids discrimination against anyone who have a disability in a number of settings, including employment, public accommodations, transportation, communications, and access to state and local government services and programmes.
Americans with Disabilities Act (ADA) According to the ADA, it is illegal to discriminate against people with disabilities in the workplace, State and local government, public accommodations, commercial establishments, transportation, and telecommunications. It likewise holds true for the US Congress.
Crow (2008) categorises all forms of disability into four groups: visual, auditory, mobility, and cognitive.
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Government officials of Country Zestimate that next year's publicprograms will cost $19 million but thattax revenues will be only $15 million.The officials could avoid a deficit nextyear by adopting which of the followingfiscal strategies?A.Reduce the cost of publicprograms by $4 million.B.Increase taxes by $4 million.C.Borrow $4 million by issuing new government bonds.D.All of these strategies will avoid a deficit.
By adopting all the strategies will avoid the Deficit next year. Thus, option D is correct.
What is Deficit?When costs exceed income, imports outweigh exports, or liabilities outweigh assets, a deficit is created in the financial sense. The opposite of a surplus, a deficit is a shortfall or loss. A government, business, or individual can have a deficit if they spend more money than they make in a given timeframe, typically a year.
Running a deficit will reduce any current surplus or increase any existing debt, whether the situation is personal, corporate, or governmental. Deficits are widely thought to be unsustainable in the long run because of this.
On the other hand, the renowned British economist John Maynard Keynes argued that fiscal deficits enable governments to buy goods and services that can boost their economies.
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Consider the following statements. Which, if any, are positive statements? I. Main Street needs more coffee shops. II. A new parking garage on campus will reduce parking congestion. III. Last winter, the state should have spent more money on snow removal. a. ll only b. I, II, and III c. I d. I and II
The positive statement is a new parking garage on campus will reduce parking congestion.
What are positive statement?A positive statement is something that can be tested and verified, rather than one that is based on a value judgment.Normative statements are made based on someone's beliefs about what should be. Positive statements, on the other hand, can be tested, even if they are not always true.Positive statements describe or explain a phenomenon or a relationship in the world. They are founded on factual observations or evidence and can be empirically tested and validated. Positive statements are objective, with no value judgments or personal opinions.Positive assertions are supported by empirical evidence. For examples, "An increase in taxation would then result in much less consumption" and "A fall in supply of petrol would then lead to an increase in its price".To learn more about positive statement refer to :
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he main benefit of free trade between two countries is that the main benefit of free trade between two countries is that income distribution in each country will become more equitable migration from one country to the other will increase each economy will become more self sufficient employment in each country will increase each country can consume beyond its constraints of resources and productivity
Imported goods cost less thanks to free trade. Customers can benefit from higher living standards as a result. They have more money left over after paying for imports, so they may buy more products. Increased competition might result from free trade as well.
What are the main benefits of two countries having free trade?Beyond just reducing and eliminating tariffs, free trade agreements also help to address invisible trade barriers that would otherwise impede the flow of goods and services, encourage investment, and strengthen the rules governing things like intellectual property, e-commerce, and public procurement.
What exactly does international free trade entail?A free trade agreement (FTA) is a treaty reached by two or more countries in which the parties detail agreements impacting, among other things, investor protections, intellectual property rights, and commerce in products and services.
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since the company is not large enough to occupy the entire building it owns, it rented space to a tenant at $3,000 per month, starting on november 1. the rent was paid on time on november 1, and the amount received was credited to rent revenue. however, the tenant has not paid the december rent. the company has worked out an agreement with the tenant, who has promised to pay both december and january rent in full on january 15.
Adjustment Entries for the question above are:
Debit Rent Receivable $3000
Credit Rent Earned $3000
Based on the case above, the company and the tenant have made an agreement that the tenant will pay the rent on January 15th. So the December rent that has not been paid yet should be input as Rent receiveable as a receivable.
So when the tenant paid the rent in February the company can enter it into a cash account (Debit) and Rent receiveable (Credit)
Adjustment entries are accounting terms that mean a process of adjustment of company books to better align the company financial statements with the income and expenses.
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Alpha Company issued 1,000 shares of $10 par value common stock to stockholders, in exchange for $15,000 cash. Which of the following correctly describes the impact of this transaction on Alpha's financial statements?
A) Common stock is reported at $15,000 in stockholders' equity.
B) Stockholders have invested $25,000 as stockholders' equity.
C) Additional paid-in capital of $5,000 is reported in stockholders' equity.
D) A $15,000 investment is reported as a long-term investment.
The correct option is C, Additional paid-in capital of $5,000 is reported in stockholders' equity is correctly describes the impact of this transaction on Alpha's financial statements.
Equity refers to fairness, justice, and impartiality in the distribution of rights, opportunities, and benefits within a society or organization. In finance, equity refers to ownership in a company represented by stocks or shares. When someone buys stock in a company, they become a shareholder and have a claim on the company's assets and profits proportional to the number of shares they own.
In terms of accounting, equity is the difference between a company's total assets and its total liabilities, representing the net worth of the company. A positive equity indicates that a company has more assets than liabilities, while negative equity means that a company has more liabilities than assets.
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Wildhorse purchased a patent from Vania Co. for $1,310,000 on January 1, 2018. The patent is being amortized over its remaining legal life of 10 years, expiring on January 1, 2028. In 2020, Wildhorse determined that the economic benefits of the patent would not last longer than 6 years from the date of acquisition.
What amount should be reported in the balance sheet for the patent, net of accumulated amortization, at December 31, 2020?
Asset Value Over Useful Life Equals Amortization Cost
$1,310,00010=$131,000
$1,310,00010=$131,000
This is multiplied by the years of amortization:
$131,000∗2=$262,000
$131,000∗2=$262,000
To get the patent's book value, we deduct this from the purchase price:
$1,310,000−$262,000=$1,048,000
$1,310,000−$262,000=$1,048,000
We spread out this sum across the remainder of the patent's new life:
$1,048,0004=$262,000
$1,048,0004=$262,000
The patent's balance sheet presentation net accumulated amortization is calculated by deducting the amortization at the new rate from the book value of the patent.
$1,048,000−$262,000=$786,000
Amortization is an accounting technique for distributing the costs of using a long-term asset across the anticipated lifespan of the asset. The cost of long-term assets (such computers and automobiles) over the course of their use is taken into account by amortization charges.
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Determine whether each of the following statements is best explained by coincidence, omitted variable, or reverse causationa. in cities that have more police, crime rated are higherb. many retired people live in states where everyone used air conditioning during the summerc. More people come down with the flu during the Winter Olympics than during the Summer Olympicsd. For the lst five years, Punxsutawney Phil has seen his shadow on groundhog Day, and spring has come late
The following given below determines how each of the statements is best explained.
a. Reverse causation: The statement indicates that having more police results in greater crime rates, but in fact, the increase in police presence may have been brought on by higher crime rates.
b. Omitted variable: The statement only addresses two variables—the presence of retirees and the use of air conditioning—without taking into consideration any additional variables that might have an impact on both.
c. Omitted variable: The claim makes a causal connection between the flu and the Winter Olympics but ignores other elements that may also contribute to the spread of the flu, such as more indoor gatherings in the winter, poor cleanliness, and reduced sunshine exposure.
d. Coincidence: The assertion makes a causal connection between Punxsutawney Phil's shadow and the delayed arrival of spring, although this is likely just a chance occurrence.
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The complete question is:
Determine whether each of the following statements is best explained by coincidence, omitted variable, or reverse causation.
a. In cities that have more police, crime rates are higher.
b. Many retired people live in states where everyone used air conditioning during the summer.
c. More people come down with the flu during the Winter Olympics than during the Summer Olympics
d. For the last five years, Punxsutawney Phil has seen his shadow on Groundhog Day, and spring has come late
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Answer the question on the basis of the following information about the cost ratios for two products-fish (F) and chicken (C)-in countries Singsong and Harmony. Assume that production occurs under conditions of constant costs and these are the only two nations in the world. Singsong: 1F = 20 Harmony: 1F = 40 Refer to the given information. Which one of the following would NOT be feasible terms for trade between Singsong and Harmony? 1 chicken for 1/5 of a fish 1 chicken for 1/3 of a fish 1 fish for 3 chicken 1 fish for 2.5 chicken
1 chicken for 1/5 of a fish would NOT be feasible terms for trade between Singsong and Harmony .The information is about the cost ratios of two products, fish and chicken, in two nations, Singsong and Harmony.
The relative costs of two or more products can be compared using cost ratios. They help us comprehend how the expenses of producing various commodities and services relate to one another. Cost ratios are a tool used in economics to assess manufacturing efficiency and assess the viability of international trade. Businesses and governments can determine the most cost-effective production processes, supply sources, and markets for their products and services by evaluating the cost ratios. Cost ratios can be very important in international trade when establishing how competitive a country's products are on the world market. Businesses and governments can boost efficiency and profitability by using cost ratios to influence their decisions about trade and production.
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Calculate the absolute change in GDP between 2015 and 2016, then calculate the percentage change in GDP between 2015 and 2016 Round answer to three places after the decimal. absolute change: $ billion %change billion %
a) 18,624.475 it is observable from the graph. b) 503.761 , 2.8%. ( GDP of 2016- GDP of 2015) Unitary method. c) Personal consumption expenditure is the largest component.
Net export is the smallest one.
Third one can't be answered since graph is not clear. To answer the question look for the latest positive green area in the graph.
d)Option C is correct because we could observe a change in the government expenditure in 1940s in the graph.
e) Since world war II consumption spending has increased about 50% of GDP of 2016. Government spending decreased from about 50% of GDP at the height of the war to about 17% of GDP in 2016.
Investment spending is relatively stable over the years.
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