Dollar Tree is primarily known for its discount variety stores, where most items are priced at $1 or less. The company operates two store brands: Dollar Tree and Family Dollar. Dollar Tree stores primarily offer consumable merchandise, while Family Dollar stores provide a broader range of products, including consumables, home products, apparel, and seasonal items.
Historically, Dollar Tree's business model has focused on providing low-cost items, often in smaller store formats, to capture a value-conscious customer base. This approach has led to a significant portion of their revenue coming from the sale of discretionary and non-discretionary consumer products, such as household goods, cleaning supplies, party supplies, and snacks.
However, it's important to note that Dollar Tree has made efforts to diversify its business in recent years. In 2015, the company acquired Family Dollar, which expanded its store footprint and product offerings. Family Dollar's inclusion brought a wider range of merchandise categories into Dollar Tree's portfolio.
Sources:
Dollar Tree Annual Report 2020: https://www.dollartreeinfo.com/annual-reports
Dollar Tree website: https://www.dollartree.com/
Family Dollar website: https://www.familydollar.com/
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A product is produced locally and is also being impoded at a world price of 30 Asume regilar demand and supply curves. A decrease of 5 NIS in the world price will ANSWERS a b с T Display all questions both A and Care correct decrease producers surplus keep local consumption unchanged. increase imported quantity: BACK TO THE INTRO SUBMIT EXAM
The decrease in the world price will negatively impact the producer's surplus as they receive a lower price for their product. However, it will not affect local consumption. Instead, the lower price will stimulate an increase in the quantity of imported goods, as they become more attractive to consumers due to their affordability.
When the world price of a product decreases by 5 NIS, it implies that the product becomes cheaper for importers. As a result, the decrease in price will have the following effects-
Decrease producer's surplus: The decrease in world price means that local producers will receive a lower price for their product. As a result, their surplus, which represents the difference between the price they receive and their production costs, will decrease.
Keep local consumption unchanged: Since the decrease in world price doesn't affect local demand, the consumption of the product within the local market will remain the same.
Increase imported quantity: The decrease in world price makes the imported product more affordable, leading to an increase in the quantity demanded of the imported product. As a result, the quantity of imported goods will increase.
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Claire wanted to work for an advertising agency, so she sent her résumé to all the agencies in Chicago, unsolicited. Claire is a(n). applicant. Multiple Choice referred Internal naturali neutral direct
Claire would be considered a "neutral" applicant in this scenario. As she sent her résumé to advertising agencies in Chicago without any referral or connection, she took the initiative to apply directly to the agencies on her own.
Being a neutral applicant means that she does not have any particular advantage or disadvantage in the selection process based on personal connections or internal recommendations.
Her application will be evaluated based on her qualifications, skills, and experience outlined in her résumé, along with the agency's hiring criteria. The outcome of her application will depend on how well her profile matches the requirements and preferences of the advertising agencies she applied to.
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According to the Ricardian model, once trade begins, a country will tend to specialize completely in the production of its export goods. A. True B. False
According to the Ricardian model, once trade begins, a country will tend to specialize completely in the production of its export goods.
A. True B. False
According to the Ricardian model, countries will specialize in producing goods they have a comparative advantage in, leading to complete specialization in their export goods.
According to the Ricardian model of international trade, countries will tend to specialize in the production of goods in which they have a comparative advantage. This means that they will focus on producing and exporting goods in which they are relatively more efficient compared to other countries. By specializing in their export goods, countries can maximize their production and efficiency, leading to increased economic output and overall welfare. Therefore, in the Ricardian model, it is true that once trade begins, a country will tend to specialize completely in the production of its export goods.
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Lee Park was an executive for a large corporation. His base salary, which was calculated on a formula tied to the company income, averaged $338,500 over a five-year period. Because of a recent divorce (within the last year), Lee owed his ex-wife $4,350 per month in spousal support. Lee owed back taxes to the IRS of $210,000, which required him to pay $2,800 per month in addition to current tax payments. Lee owed $150,000 in student loan debt. As a result of his divorce, Lee became the sole owner of his home, which was worth $900,000 and had a $600,000 mortgage on it with Bank of the US.
PLEASE ONLY CHOOSE ONE OPTION IN THE BOLD WRITING.
In this case, Lee Park (the debtor) filed a Chapter 11 / 13 / 7 bankruptcy. Under this type of bankruptcy, the debtor is required to file a list of secured and unsecured creditors as well as several other lists, known as . Creditors / Anticipated Income Statements/ Schedules. Lee’s payments to his wife generally Would / Would not be dischargeable in bankruptcy. Student loans generally Are / Are Notdischargeable in bankruptcy.
Under the federal exemptions, Lee normally Would / Would Not be allowed some portion of equity in his home. Because Lee Did / Did Not become the sole owner of the house (with responsibility for the mortgage) within the last three years, Lee Did / Did Not have a federal maximum equity exemption. According to the federal limit in the book, Lee Should / Should Not be able to claim a homestead exemption for the full amount of the equity in his home.
If the median income in Lee’s state for a single person was $47,000, there Would Be / Would Not Be a presumption of bankruptcy abuse by Lee. If Lee had to complete the means test, the Court would deduct Actual / Living / Formula-Based expenses from his monthly disposable income to decide whether Lee could pay any of his Secured / Unsecured debt. In this situation, given Lee’s income, it Is / Is Not likely that he would have his case dismissed or converted to a Chapter 13.
What If the Facts Were Different?
Assume that Lee Park was not an executive but instead was a line worker making $41,000 per year. His spousal support was $1,000 per month and his home was worth $365,000 with a $290,000 mortgage. He did not have student loans and did not owe any back taxes. The state median income was still $47,000.
In this case, Lee’s income Was / Was Not
higher than the state median. Because of this, there Would Not Be/ Would be
a presumption of bankruptcy abuse.
Lee’s equity in his house would be $290,00 / $75,000 / $365,000
. This amount of equity Is / Is Not lower than the federal limit. Lee Would Not/ Would receive the entire amount of equity in his home.
If the median income in Lee’s state was $47,000, there would not be a presumption of bankruptcy abuse by Lee. Given his income, it is likely that he would have his case dismissed or converted to Chapter 13.
Lee Park in this case filed a Chapter 13 bankruptcy. Under this type of bankruptcy, the debtor is required to file a list of secured and unsecured creditors as well as several other lists, known as Schedules. Lee’s payments to his wife generally would not be dischargeable in bankruptcy.
Student loans generally are not dischargeable in bankruptcy. Under the federal exemptions, Lee normally would be allowed some portion of the equity in his home. Because Lee Did become the sole owner of the house (with responsibility for the mortgage) within the last three years, Lee Did Not have a federal maximum equity exemption. According to the federal limit in the book, Lee Should be able to claim a homestead exemption for the full amount of the equity in his home. If the median income in Lee’s state for a single person was $47,000, there would not be a presumption of bankruptcy abuse by Lee. If Lee had to complete the means test, the Court would deduct Actual expenses from his monthly disposable income to decide whether Lee could pay any of his unsecured debt. In this situation, given Lee’s income, it Is likely that he would have his case dismissed or converted to Chapter 13.
Lee Park filed for Chapter 13 bankruptcy as he owed his ex-wife $4,350 per month in spousal support. Lee owed back taxes to the IRS of $210,000, which required him to pay $2,800 per month in addition to current tax payments. Lee owed $150,000 in student loan debt. As a result of his divorce, Lee became the sole owner of his home, which was worth $900,000 and had a $600,000 mortgage on it with Bank of the US. Under the Chapter 13 bankruptcy, Lee was required to file a list of secured and unsecured creditors, which included his ex-wife's payments that generally would not be dischargeable in bankruptcy. Student loans were also not dischargeable in bankruptcy. Lee could claim a homestead exemption for the full amount of the equity in his home, which was $900,000 with a $600,000 mortgage. However, he did not have a federal maximum equity exemption, as he became the sole owner of the house within the last three years. Therefore, according to the federal limit, Lee could claim a homestead exemption for the full amount of the equity in his home. If Lee’s state's median income for a single person was $47,000, there would not be a presumption of bankruptcy abuse by Lee. If Lee had to complete the means test, the Court would deduct actual expenses from his monthly disposable income to decide whether Lee could pay any of his unsecured debt. In this situation, given Lee’s income, it is likely that he would have his case dismissed or converted to Chapter 13.
Therefore, Lee Park filed for Chapter 13 bankruptcy. His payments to his ex-wife and student loans were not dischargeable in bankruptcy. Lee could claim a homestead exemption for the full amount of the equity in his home. If the median income in Lee’s state was $47,000, there would not be a presumption of bankruptcy abuse by Lee. Given his income, it is likely that he would have his case dismissed or converted to Chapter 13.
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to what extent could bubbles be described as useful?
Bubbles, in the context of financial markets, refer to periods of rapid asset price appreciation followed by a sudden and dramatic decline.
While bubbles are often associated with economic instability and financial crises, they can also have certain useful aspects. Firstly, bubbles can stimulate economic activity and innovation. During a bubble, increased investment and speculation can fuel entrepreneurial activity and drive technological advancements. This can lead to the creation of new industries, job opportunities, and economic growth. Additionally, bubbles can act as a mechanism for wealth redistribution. As asset prices rise, individuals who hold those assets experience increased wealth. This redistribution of wealth can potentially reduce income inequality and provide opportunities for wealth creation among a broader segment of society.
However, it is important to note that the usefulness of bubbles is limited and their negative consequences should not be overlooked. Bubbles are inherently unsustainable and often lead to market crashes, financial losses, and economic downturns. Therefore, it is crucial to adopt measures to identify and mitigate bubbles to prevent the excessive risks they pose to the economy and individuals.
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Widget World, Inc. is a manufacturing company that creates widgets to sell to customers. During 2019, Widget World had the following expenditures. Which of the following expenditures should not be capitalized? Annual maintenance to the machinery to keep the machinery in use. An improvement to machinery that extends the machinery's useful life. Rearrangement of machinery to make the production process more efficient. An addition to expand the warehouse. All of the above are capitalized.
The decision to capitalize an expenditure depends on whether it enhances the productive capacity of the company's assets and generates future economic benefits. Capitalizing an expenditure provides a more accurate representation of the company's financial performance by matching the cost of the asset with the revenue it generates over time.
Capitalizing an expenditure means to record it as an asset on the company's balance sheet instead of as an expense on the income statement.
The benefit of capitalizing an expenditure is that it allows a company to spread out the cost of an asset over its useful life, instead of expensing the entire cost in the year of purchase. By doing so, the company can match the cost of the asset with the revenue it generates over time, which provides a more accurate representation of the company's financial performance.
The types of expenditures that should be capitalized are those that enhance the productive capacity of the company's assets and generate future economic benefits. This includes expenditures like improvements to machinery, rearrangement of machinery to make the production process more efficient, and additions to expand the warehouse. These types of expenditures increase the value or useful life of the asset and therefore provide future economic benefits beyond the current period.
On the other hand, expenses that do not extend the useful life of an asset, such as annual maintenance to keep the machinery in use, should not be capitalized. Maintenance expenses are considered to be operating expenses and are expensed in the year they are incurred because they do not generate future economic benefits.
In conclusion, the decision to capitalize an expenditure depends on whether it enhances the productive capacity of the company's assets and generates future economic benefits. Capitalizing an expenditure provides a more accurate representation of the company's financial performance by matching the cost of the asset with the revenue it generates over time.
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The name of a company often gives a good clue about the form it takes. Find the names of eight businesses in your community and try to guess their shape.
The names of businesses often reflect their core offerings and values. Examples include Apple's focus on technology, Walmart's emphasis on affordability, Coca-Cola's beverage production, Nike's sports-related products, and Starbucks' coffee chain.
The form that a business takes is usually conveyed by its name. The names of eight companies in the community and their shapes are discussed below: Example 1: Apple Inc.- Apple is an American multinational technology corporation that specializes in the production of electronic devices such as smartphones, computers, and tablets. The company's logo is an apple with a bite taken out of it.
Example 2: Walmart Inc.- Walmart is a retail corporation that specializes in the sale of a variety of items such as groceries, clothing, and home goods. Walmart has a unique tagline that says "Save money, live better".Example 3: Coca-Cola Company - The Coca-Cola Company is a beverage manufacturer that specializes in the production of carbonated soft drinks. The company is known for its iconic red and white logo.
Example 4: Nike, Inc.- Nike is a corporation that specializes in the production of sports shoes, clothing, and equipment. The company's logo is the swoosh symbol, which is recognized worldwide. Example 5: Starbucks Corporation - Starbucks is a coffee chain that specializes in the sale of coffee beverages, pastries, and sandwiches. The Starbucks logo is a green mermaid with long hair.
Example 6: General Motors Company - General Motors is an automotive corporation that produces automobiles, trucks, and parts. The General Motors logo features the letters G and M in blue and white. Example 7: McDonald's Corporation - McDonald's is a fast-food restaurant chain that is recognized worldwide. The restaurant specializes in the production of hamburgers, fries, and soft drinks. The company's logo is a pair of golden arches that are crossed.
Example 8: Amazon.com, Inc. - Amazon is an American multinational technology corporation that specializes in e-commerce, cloud computing, and artificial intelligence. The company's logo is an arrow that points from A to Z, which suggests that Amazon sells everything.
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Patricia Johnson has $11,000 that she can deposit into a savings account for five years. Bank A compounds interest annually, Bank B twice a year, and Bank C quarterly. Each bank has a stated interest rate of 7 percent. What account balance would Patricia have at the end of the fifth year if she left all the interest paid on the deposit in each bank?
Patricia would have the following account balances at the end of the fifth year:
Bank A: $15,197.00
Bank B: $15,276.84
Bank C: $15,309.59
To calculate the account balance at the end of the fifth year, we can use the formula for compound interest:
A = P(1 + r/n)^(nt)
Where:
A = the final account balance
P = the initial deposit amount
r = the annual interest rate (in decimal form)
n = the number of times interest is compounded per year
t = the number of years
For Bank A, since interest is compounded annually:
P = $11,000
r = 0.07
n = 1
t = 5
A = 11,000(1 + 0.07/1)^(1*5) = $15,197.00
For Bank B, interest is compounded semi-annually (twice a year):
P = $11,000
r = 0.07
n = 2
t = 5
A = 11,000(1 + 0.07/2)^(2*5) = $15,276.84
For Bank C, interest is compounded quarterly (four times a year):
P = $11,000
r = 0.07
n = 4
t = 5
A = 11,000(1 + 0.07/4)^(4*5) = $15,309.59
Therefore, Patricia would have the following account balances at the end of the fifth year:
Bank A: $15,197.00
Bank B: $15,276.84
Bank C: $15,309.59
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You’ve just come back from Taiwan. You still have 5,000
Taiwan New Dollar (TWD) from your trip and can exchange them for
USD at the airport. The airport foreign exchange desk buys TWD for
$0.03
You
Based solely on the exchange rates provided, accepting the tourist's offer of 1,200 HKD for the 5,000 TWD appears to be a slightly better deal.
To determine whether to accept the tourist's offer or exchange the 5,000 TWD at the airport, we need to compare the value of the offer with the value we would get through the airport foreign exchange desk.
Value at the airport foreign exchange desk:
The airport foreign exchange desk buys TWD for $0.03. Therefore, if we exchange the 5,000 TWD, we would receive:
Value = 5,000 TWD * $0.03/TWD
Value = $150
Value of the tourist's offer:
The tourist is offering 1,200 HKD in exchange for the 5,000 TWD. To determine the value of the offer in USD, we need to convert the HKD to USD at the airport exchange rate of $0.13/HKD:
Value = 1,200 HKD * $0.13/HKD
Value = $156
Comparing the two values, we find that the tourist's offer of 1,200 HKD is equivalent to $156, while exchanging the 5,000 TWD at the airport would give us $150. Therefore, accepting the tourist's offer would result in a slightly higher value.
However, before making a decision, it's essential to consider any additional fees or commissions involved in the exchange. If there are fees or unfavorable exchange rates, they could reduce the overall value of the offer. Additionally, if you will need Hong Kong dollars for your upcoming trip, accepting the offer could be more convenient than exchanging the currency at the airport.
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Complete Question : You’ve just come back from Taiwan. You still have 5,000 Taiwan New Dollar (TWD) from your trip and can exchange them for USD at the airport. The airport foreign exchange desk buys TWD for $0.03
You will go to Hongkong tomorrow and need to buy Hongkong dollars (HKD) right now. The airport foreign exchange desk offers to sell HKD for $0.13.
Then you meet a tourist at the airport who is from Hongkong and is on his way to Taiwan. He is willing to buy your 5,000 TWD for 1,200 HKD. Will you accept the offer of the tourist at the airport? Why or why not?
Product patents are more effective in pharmaceuticals than in electronic and communication products because: a. Governments wish to encourage research into life‐saving drugs b. Information and communications technology firms can protect their innovation by alternative means c. Most drug patents are for specific chemical compounds; most patents for electronic and telecom products are for designs—the latter are easier for competitors to innovate around. d. Pharmaceutical firms are more willing to use litigation to enforce their patents than the producers of electronic and telecom products
Product patents are more effective in pharmaceuticals than in electronic and communication products because: Governments wish to encourage research into life‐saving drugs. Option A.
This statement is true because the government wishes to ensure that its citizens have access to affordable healthcare, and the only way to make that possible is to encourage research into life-saving drugs.
Product patents are one way of ensuring that pharmaceutical companies are compensated for their work and are thus motivated to continue with research.
In addition, many drug patents are for specific chemical compounds; most patents for electronic and telecom products are for designs—the latter is easier for competitors to innovate around.
Electronic and communications technology firms can protect their innovation by alternative means. Pharmaceutical firms are more willing to use litigation to enforce their patents than the producers of electronic and telecom products.
As a result, the lack of effective enforcement mechanisms for product patents in electronic and telecommunications products results in fewer incentives for businesses to pursue research and development in these fields.
Hence, the right answer is option A. Governments wish to encourage research into life‐saving drugs.
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What norms of behavior or ground rules do you set for yourself
(and hope to hold your team members accountable for) to ensure a
successful experience.
Active listening, respect for others' opinions, meeting deadlines, and punctuality are just a few of the many ground rules that can help ensure everyone is working together to achieve their goals.
As a team leader, setting standards of conduct or ground rules is crucial to ensuring a successful experience for yourself and your team members. Some of the norms of behavior that I set for myself and hold my team members accountable for include active listening, respect for others’ opinions, meeting deadlines, and punctuality. I'll explain further below.
Active Listening: Active listening is the process of focusing on the speaker, showing that you understand what they are saying, and acknowledging their feelings. It is essential in team settings to ensure that everyone's ideas are heard, and everyone feels included.
Respect for Others' Opinions: Everyone has unique ideas and opinions. As a team leader, it's important to encourage diversity of thought, and everyone should be respected for their unique perspective.
Meeting Deadlines: Meeting deadlines is critical to success. It is essential that everyone understands and meets project timelines and deadlines. This keeps everyone on track and ensures that the project is completed on time.
Punctuality: Being on time is essential to ensuring that everyone gets started on the right foot. It sets a standard for everyone to follow and avoids creating unnecessary tension.
Conclusion: Setting norms of behavior is critical to ensure the success of any team project.
Active listening, respect for others' opinions, meeting deadlines, and punctuality are just a few of the many ground rules that can help ensure everyone is working together to achieve their goals. By setting clear expectations and holding team members accountable, everyone can work together to produce outstanding results.
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Bellevue City’s printing shop had the following trial balance on January 1, 20X2:
Debit Credit
Cash $ 24,600 Due from Other Funds 15,600 Inventory of Supplies 9,800 Furniture & Equipment 260,000 Accumulated Depreciation $ 50,000 Vouchers Payable 12,000 Net Assets: Invested in Capital Assets (no related debt) 210,000 Unrestricted 38,000 Total $ 310,000 $ 310,000 Additional Information for 20X2
During 20X2, the printing shop acquired supplies for $96,000, furniture for $1,500, and a copier for $3,200.
Printing jobs billed to other funds amounted to $292,000; cash received from other funds, $287,300; costs of printing jobs, $204,000, including $84,000 of supplies; operating expenses, $38,000, including $8,400 of supplies; depreciation expense, $23,000; and vouchers paid, $243,000.
Required:
a. Prepare entries for the printing shop for 20X2, including closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
ARecord the acquisitions of supplies, furniture, and office equipment.
BRecord the billings for jobs completed.
CRecord the collections on billings.
DRecord the costs of printing jobs.
prepare entries for A-D
Closing Entries reset the revenue and expense accounts to zero for the following accounting period and transfer the revenue and expense amounts to the relevant net assets accounts.
a. Recording the acquisitions of supplies, furniture, and office equipment:
1. Supplies Acquisition:
Date: 20X2
Account Title Debit Credit
Inventory of Supplies $96,000
Cash or Accounts Payable $96,000
2. Furniture Acquisition:
Date: 20X2
Account Title Debit Credit
Furniture & Equipment $1,500
Cash or Accounts Payable $1,500
3. Office Equipment Acquisition (Copier):
Date: 20X2
Account Title Debit Credit
Furniture & Equipment $3,200
Cash or Accounts Payable $3,200
b. Recording the billings for jobs completed:
Date: 20X2
Account Title Debit Credit
Due from Other Funds $292,000
Printing Revenue $292,000
c. Recording the collections on billings:
Date: 20X2
Account Title Debit Credit
Cash $287,300
Due from Other Funds $287,300
d. Recording the costs of printing jobs:
Date: 20X2
Account Title Debit Credit
Printing Expense $204,000
Inventory of Supplies $84,000
Cash or Accounts Payable $120,000
Note: The cost of printing jobs includes $84,000 of supplies used for the printing.
Closing Entries:
To close the revenue and expense accounts at the end of 20X2, we transfer their balances to the Net Assets accounts.
Closing Entry for Printing Revenue:
Date: December 31, 20X2
Account Title Debit Credit
Printing Revenue $292,000
Unrestricted Net Assets $292,000
Closing Entry for Printing Expense:
Date: December 31, 20X2
Account Title Debit Credit
Unrestricted Net Assets $204,000
Printing Expense $204,000
Closing Entry for Supplies Expense:
Date: December 31, 20X2
Account Title Debit Credit
Unrestricted Net Assets $84,000
Supplies Expense $84,000
Closing Entry for Operating Expense:
Date: December 31, 20X2
Account Title Debit Credit
Unrestricted Net Assets $38,000
Operating Expense $38,000
Closing Entry for Depreciation Expense:
Date: December 31, 20X2
Account Title Debit Credit
Unrestricted Net Assets $23,000
Accumulated Depreciation $23,000
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businesseconomicseconomics questions and answers3. two rival oligopolists in the athletic supplements industry, the power fuel company and the brawny juice company have to decide on their pricing strategy. each can choose either a high price or a low matrix with the profits that each firm can expect to earn depending on the pricing strategy it adopts. price. table shows the payoff power fuel's (p)
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Question: 3. Two Rival Oligopolists In The Athletic Supplements Industry, The Power Fuel Company And The Brawny Juice Company Have To Decide On Their Pricing Strategy. Each Can Choose Either A High Price Or A Low Matrix With The Profits That Each Firm Can Expect To Earn Depending On The Pricing Strategy It Adopts. Price. Table Shows The Payoff Power Fuel's (P)
3. Two rival oligopolists in the athletic supplements industry, the Power Fuel Company and the Brawny Juice Company have to decide on their pricing strategy. Each can choose either a high price or a low matrix with the profits that each firm can expect to earn depending on the pricing strategy it adopts. price. Table shows the payoff Power Fuels (P) Strategy High Price ny High Price P S12m B: $12m B: SI6m Low Price A. If the firms act out of individual self-interest, which prices will they select (in other words, what is the Nash equilibrium)? Brawny Juices (B) P: $16m B: $4m Strategy Low Price P SAP S8m B: S8m B. In the game above, if the firms cooperate and choose the strategy that maximizes the total game payoff, what prices will they select? Why would it be hard for the firms to maintain these strategies? Suggest one way these firms could try to commit to profit maximizing prices.
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A. The Nash Equilibrium will be both setting a low price and earning a profit of $8 million each. This is because when both choose the high price,…View the full answer
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Transcribed image text: 3. Two rival oligopolists in the athletic supplements industry, the Power Fuel Company and the Brawny Juice Company have to decide on their pricing strategy. Each can choose either a high price or a low matrix with the profits that each firm can expect to earn depending on the pricing strategy it adopts. price. Table shows the payoff Power Fuel's (P) Strategy High Price ny High Price P S12m B: $12m B: SI6m Low Price A. If the firms act out of individual self-interest, which prices will they select (in other words, what is the Nash equilibrium)? Brawny Juice's (B) P: $16m B: $4m Strategy Low Price P SAP S8m B: S8m B. In the game above, if the firms cooperate and choose the strategy that maximizes the total game payoff, what prices will they select? Why would it be hard for the firms to maintain these strategies? Suggest one way these firms could try to commit to profit maximizing prices.
If the firms act out of individual self-interest, the Nash equilibrium is for both firms to set a low price and earn a profit of $8 million each.
In the case of individual self-interest, the Nash equilibrium would be for both companies to select the low price strategy.
This is because at the low price, both Power Fuel and Brawny Juice would earn a profit of $8 million each, which is higher than the profit they would earn with the high price strategy.
However, if the firms cooperate and aim to maximize the total game payoff, they would both select the high price strategy.
With the high price strategy, Power Fuel would earn a profit of $12 million, while Brawny Juice would earn a profit of $16 million.
This combination would maximize the total payoff for both companies.
It would be hard for the firms to maintain these cooperative strategies because there is a risk of one firm deviating from the agreed-upon strategy and undercutting the other by offering a lower price.
This would lead to a competitive price war, reducing profits for both companies.
One way these firms could try to commit to profit-maximizing prices is by entering into a binding contractual agreement or forming a formal collusion, such as a cartel.
By setting rules and penalties for deviating from the agreed-upon prices, the firms can discourage cheating and maintain the desired pricing strategy.
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Liam is going to receive $50,000 five years from now. Sydney is going to receive $50,000 ten years from now. Which one of the following statements is correct if both Liam and Sydney apply a 6% discoun
The correct statement would be that Liam's $50,000 received five years from now is worth more in present value terms compared to Sydney's $50,000 received ten years from now.
This is due to the concept of time value of money, which states that the value of money decreases over time due to factors like inflation and opportunity cost.
In the first paragraph, it can be summarized that Liam's $50,000 received in five years is more valuable than Sydney's $50,000 received in ten years when applying a 6% discount rate. This is because of the concept of time value of money, which recognizes the decreasing value of money over time.
To explain this, let's consider the present value (PV) of each amount. The formula for calculating the present value is PV = FV / (1 + r)^n, where PV is the present value, FV is the future value, r is the discount rate, and n is the number of periods.
For Liam, the present value is calculated as PV = $50,000 / (1 + 0.06)^5 ≈ $39,377. In contrast, for Sydney, the present value is calculated as PV = $50,000 / (1 + 0.06)^10 ≈ $33,497.
Thus, Liam's $50,000 has a higher present value compared to Sydney's $50,000 when both are discounted at a rate of 6%. This means that Liam's money is worth more in today's terms due to the shorter time frame for receiving it.
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Ask a full-time employee within your organization about
their perceptions of Total Cost of Ownership (TCO)?
As a language model AI, I don't have information on which organization you work for and therefore can't ask a full-time employee about their perceptions of Total Cost of Ownership (TCO). However, I can explain what Total Cost of Ownership (TCO) is and how it is perceived by an organization's full-time employee.
A Total Cost of Ownership (TCO) is a financial estimate designed to assist consumers in determining the direct and indirect costs of a product or system. TCO has several meanings and can include a variety of factors, including product acquisition costs, maintenance costs. Furthermore, employees who have a better understanding of the company's finances may be more likely to appreciate the importance of minimizing TCO.
To get a more accurate understanding of how employees perceive TCO in your organization, you should consider conducting a survey or focus group to gather their thoughts and opinions. This will enable you to identify areas where your organization could benefit from cost savings and make more informed decisions about product procurement, maintenance, and support.
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Discuss the main theories underlying mercantilism and justify
its relevance in current times by providing examples of countries
that are implementing mercantilist policies. (40)
Mercantilism is an economic theory that originated in the 16th century and dominated European economic thought until the 18th century. It is based on the idea that a nation's wealth and power can be increased by maximizing exports and minimizing imports.
The main theories underlying mercantilism are:
Favorable Balance of Trade: Mercantilism emphasizes maintaining a positive balance of trade, where exports exceed imports. This is achieved through protectionist policies such as tariffs, quotas, and subsidies, which aim to promote domestic industries and reduce dependence on foreign goods.
Accumulation of Wealth: Mercantilism focuses on accumulating precious metals, particularly gold and silver, as a measure of a nation's wealth. It advocates policies that encourage exports and discourage imports to achieve a trade surplus and increase the inflow of precious metals.
Economic Self-Sufficiency: Mercantilism promotes economic self-sufficiency to minimize reliance on other nations. It emphasizes the development of domestic industries, expansion of colonies for access to raw materials, and establishment of a strong military for protection and territorial expansion.
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Journalize the following transactions for Alan's Furniture. Explanations are not required. (Click the icon to view the transactions.) (Record debits first, then credits. Exclude explanations from any joumal entries.) More info a. Incurred and paid Web site expenses, 52,700 . Incurred manufacturing wages of $12,000,80% of which was direct labor and 20% of which was b. Indirect labor. c. Purchased raw materials on account, $18,000. d. Used in production: direct materials, $8,500; indirect materials, $2,500. Recorded manufacturing overhead: depreciation on plant, $19,000; plant insurance (previously e. paid), $1,600; plant property tax, $3,500 (credit Property Tax Payable). f. Allocated manufacturing overhead to jobs, 160% of direct labor costs. g. Completed production on jobs with costs of $36,000. h. Sold inventory on account, $28,000; cost of goods sold, $10,000. i. Adjusted for overallocated or underallocated overhead q. Completed production on jobs with costs of $36,000. h. Sold inventory on account, $28,000; cost of goods sold, $10,000. Begin by recording the revenue from the sales on account. Do not record the expense related to the sale in this journal entry. We will do that in the next Now record the expense related to the sale. i. Adjusted for overallocated or underallocated overhead.
A journal entry is a record of a financial transaction in the accounting system. It documents the double-entry bookkeeping principle, which states that every transaction has equal and opposite effects on at least two accounts.
Here are the journal entries for the transactions of Alan's Furniture:
a) Incurred and paid Web site expenses, $52,700:
Expense (Web site expenses) 52,700
Cash 52,700
b) Incurred manufacturing wages of $12,000 (80% direct labor and 20% indirect labor):
Work in Process 9,600
Manufacturing Wages (Direct labor) 9,600
Manufacturing Overhead 2,400
Manufacturing Wages (Indirect labor) 2,400
c) Purchased raw materials on account, $18,000:
Raw Materials Inventory 18,000
Accounts Payable 18,000
d) Used in production: direct materials, $8,500; indirect materials, $2,500:
Work in Process 8,500
Raw Materials Inventory 8,500
Manufacturing Overhead 2,500
Raw Materials Inventory 2,500
e) Recorded manufacturing overhead:
Depreciation Expense 19,000
Accumulated Depreciation 19,000
Manufacturing Overhead 1,600
Prepaid Insurance 1,600
Manufacturing Overhead 3,500
Property Tax Payable 3,500
f) Allocated manufacturing overhead to jobs (160% of direct labor costs):
Work in Process 15,360
Manufacturing Overhead 15,360
g) Completed production on jobs with costs of $36,000:
Finished Goods Inventory 36,000
Work in Process 36,000
h) Sold inventory on account, $28,000; cost of goods sold, $10,000:
Accounts Receivable 28,000
Sales Revenue 28,000
Cost of Goods Sold 10,000
Finished Goods Inventory 10,000
i) Adjusted for overallocated or underallocated overhead:
Manufacturing Overhead X
Cost of Goods Sold X
Please note that the specific amount to adjust for overallocated or underallocated overhead is not provided in the information given. The adjustment would involve allocating the overallocated or underallocated amount to the cost of goods sold.
These journal entries record the various transactions for Alan's Furniture, including expenses, purchases, production costs, sales, and overhead allocation.
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which of the following is not a mechanism to manage
international political risk?
1.expropration
2.insurance
3.localization
4. partnerships
Expropriation is not a mechanism to manage international political risk, but rather a risk itself. Expropriation refers to the government's seizure of private property without adequate compensation, which can be a significant risk for foreign investors in certain countries.
On the other hand, insurance, localization, and partnerships are all mechanisms that can be used to manage international political risk. Insurance can help protect against a variety of risks, including political violence, currency fluctuations, and business disruption. Localization involves adapting business strategies and operations to the local market and culture, which can reduce political risk by building stronger relationships with local stakeholders. Partnerships with local companies or organizations can also mitigate political risk by providing deeper knowledge of the local market and political environment, as well as access to influential networks and resources.
In summary, while expropriation is not a mechanism to manage international political risk, there are several other approaches that businesses can use to mitigate these risks. It is important for companies operating in foreign markets to carefully evaluate potential political risks and implement strategies to manage them effectively.
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Consider two similar restaurants in close proximity to each other on either side of the US-Mexis border Suppose the delar appreciate the pes. The following graph shows the supply and demand curves for
The US dollar's decline in value versus the Mexican Peso is a guarantee. As a result, the Mexican Peso is now worth more in terms of the US Dollar. In other words, following devaluation, more US Dollars are needed to buy one Mexican Peso. The devaluation of the US Dollar, however, also implies that fewer Mexican Pesos must be exchanged for one US Dollar.
The peso (sign: $; code: MXN) is used as official money in Mexico. The peso's ISO 4217 code was MXP before the devaluation in 1993; it is now MXN. There are 100 centavos in one peso, and they are represented by the sign "."
The Mexican peso is the third-most traded currency in the Americas, after the US dollar and the Canadian dollar, and it is the most traded currency in Latin America.
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Predetermined Overhead Rates (LO 6-4) Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow: Basic Dominator Total 1,250 7,000 250 Machine-hours Direct labor-hours . .. Direct labor costs Manufacturing overhead costs.. 5,000 175,000 $288,750 Total costs. Required Compute the predetermined overhead rate assuming that Tiger Furnishings uses direct labor-hours to allocate overhead costs
The predetermined overhead rate using direct labor-hours to allocate overhead costs is approximately $21.21 per direct labor-hour.
To compute the predetermined overhead rate using direct labor-hours as the allocation base, we need the following information:
Direct labor-hours: The total direct labor-hours for the production of both the Basic and Dominator cabinets.
Manufacturing overhead costs: The total manufacturing overhead costs incurred during the period.
From the provided data, we have:
Direct labor-hours:
Basic: 1,250 direct labor-hours
Dominator: 7,000 direct labor-hours
Manufacturing overhead costs: $175,000
To calculate the predetermined overhead rate:
Add up the direct labor-hours for both products:
Total direct labor-hours = Direct labor-hours for Basic + Direct labor-hours for Dominator
Calculate the predetermined overhead rate:
Predetermined Overhead Rate = Manufacturing overhead costs / Total direct labor-hours
Using the given data, we can perform the calculations:
Total direct labor-hours = 1,250 direct labor-hours (Basic) + 7,000 direct labor-hours (Dominator) = 8,250 direct labor-hours
Predetermined Overhead Rate = $175,000 / 8,250 direct labor-hours
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Cross-functional teams (CFTs) consist of individuals that bring their owm expertise to a project. Even in a study group, you will see that every person has a different frame of reference, different histories and different expertise. Write down CFTs a safety officer can be part of at work place or studies. What expertise can each member of a team can bring to the project?
CFTs that a safety officer can be part of in the workplace or studies include:
Emergency Response Team (ERT):
Expertise: The safety officer can contribute their knowledge in emergency management, risk assessment, and response protocols. They can ensure that the team is well-prepared to handle any potential emergencies, create evacuation plans, and provide training on safety procedures.
Occupational Health and Safety Committee:
Expertise: The safety officer can provide expertise in workplace safety regulations, hazard identification, and risk assessment. They can contribute to the development and implementation of safety policies, conduct safety inspections, and recommend preventive measures to ensure a safe working environment.
Process Improvement Team:
Expertise: The safety officer can offer insights into identifying safety gaps in existing processes and procedures. They can contribute to the team's efforts in analyzing incidents, implementing corrective actions, and improving safety performance.
Training and Development Team:
Expertise: The safety officer can bring their knowledge in safety training methodologies, instructional design, and compliance requirements. They can assist in designing and delivering safety training programs, developing training materials, and assessing the effectiveness of training initiatives.
In cross-functional teams, a safety officer can bring their expertise in emergency management, workplace safety regulations, process improvement, and training methodologies. Their unique perspective and knowledge contribute to creating safer work environments, minimizing risks, and ensuring compliance with safety standards. By collaborating with individuals from various backgrounds, the safety officer can enhance the overall effectiveness of the team in achieving safety-related objectives
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Using the information provided below, construct a simple WBS for the project. Project Outline-Remodeling an Appliance I.Research Phase A. Prepare product development proposal 1. Conduct competitive analysis 2. Review field sales reports 3. Conduct technological capabilities assessment B. Develop focus group data C. Conduct telephone surveys D. Identify relevant specification improvements II. Design and Engineering Phase A. Interface with marketing staff B. And so on III. Testing Phase IV. Manufacturing Phase V. Sales Phase
This phase is responsible for manufacturing the product. V. Sales Phase - The final phase in the development of a new appliance is the sales phase. This phase is responsible for marketing and selling the product. The WBS for Remodeling an Appliance includes the above mentioned phases and their respective tasks that help to structure the project work into smaller, more manageable pieces.
Work Breakdown Structure (WBS) is a technique used to organize the deliverables of a project into manageable pieces. A WBS helps to structure the project work into smaller, more manageable pieces. It is a tree-like structure that is broken down into smaller work units. Each work unit is a deliverable that can be monitored and evaluated. The WBS is used to assign tasks to team members and to track progress towards completion. The WBS is a useful tool for project managers to ensure that their projects are on track and that they are meeting their objectives.
WBS for Remodeling an Appliance:
I. Research Phase - The first phase in the development of a new appliance is the research phase. This phase is responsible for researching the product's market, competitors, and technological capabilities.
A. Prepare product development proposal - This phase is responsible for developing a product proposal that will outline the product's features, benefits, and target market.
Conduct competitive analysis - This step includes gathering information on the competitors' products, pricing, and marketing strategies.
Review field sales reports - This step includes analyzing the field sales reports to determine the market demand for the product.
Conduct technological capabilities assessment - This step includes assessing the technological capabilities of the product.
B. Develop focus group data - In this phase, the product's focus group data is developed.
C. Conduct telephone surveys - This step involves conducting telephone surveys to gather information from potential customers about their needs and preferences.
D. Identify relevant specification improvements - This step includes identifying areas where the product specifications can be improved.
II. Design and Engineering Phase - The second phase in the development of a new appliance is the design and engineering phase. This phase is responsible for designing the product's features, functions, and specifications.
A. Interface with marketing staff - This phase includes interfacing with the marketing staff to ensure that the product design is consistent with the marketing strategy.
B. Develop product specifications - In this phase, the product specifications are developed.
III. Testing Phase - The third phase in the development of a new appliance is the testing phase. This phase is responsible for testing the product's features, functions, and specifications.
IV. Manufacturing Phase - The fourth phase in the development of a new appliance is the manufacturing phase. This phase is responsible for manufacturing the product.
V. Sales Phase - The final phase in the development of a new appliance is the sales phase. This phase is responsible for marketing and selling the product.
The WBS for Remodeling an Appliance includes the above mentioned phases and their respective tasks that help to structure the project work into smaller, more manageable pieces.
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a. Unit trust is considered a popular and convenient forms of investment especially for low risk investors.
i. Discuss how an Islamic unit trust is essentially different from a conventional unit trust.
ii. Briefly explain the five (5) aspects that an Islamic unit trust fund managers need to address to ensure the Shariah-compliant status of their Islamic unit trust fund.
b. Briefly discuss the debate surrounding the validity of short-selling and the decision of
the Shariah Advisory Council (SAC) of Securities Commission (SC) to allow short-selling
in Malaysia.
a. i. An Islamic unit trust, also known as a Shariah-compliant unit trust, operates under the principles of Islamic finance. It differs from a conventional unit trust in several ways:
The Shariah Advisory Council (SAC) of the Securities Commission (SC) in Malaysia made the decision to allow short-selling after careful consideration of the principles of Islamic finance. The SAC determined that short-selling can be permissible if it meets certain conditions, such as ensuring that the transaction involves actual assets, not merely speculative contracts, and that it does not lead to unfair practices or market manipulation. The decision to allow short-selling in Malaysia reflects the evolving nature of Islamic finance and the efforts to adapt to modern financial practices while maintaining adherence to Shariah principles.
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1.Does the following statement describe a point above, below, or on the production possibilities frontier (PPF) curve for peanut butter and bread? Select the best answer.
Candice wants to make peanut butter sandwiches for her son's soccer team, but she only has enough bread for half of them.
2.John always wanted a red sports car. Unfortunately, he lived in a depressed region with few job opportunities and a high unemployment rate. Despite everything, John’s dream was so strong that he established a company, which became a Fortune 500 member in several years. Now, the company employs more than one hundred thousand people in his region alone, and John owns five sports cars. Unemployment decreased tremendously, and the region is safe and prosperous. Thanks to John’s personal dream, the region is no longer depressed
The terms "production possibilities frontier" and "PPF" are not applicable in the context of this statement.
The statement "Candice wants to make peanut butter sandwiches for her son's soccer team, but she only has enough bread for half of them" describes a point below the production possibilities frontier (PPF) curve for peanut butter and bread. The PPF represents the maximum combination of two goods that can be produced given the available resources and technology. In this case, the limited amount of bread prevents Candice from producing as many peanut butter sandwiches as she wants, indicating that she is operating below the PPF. The statement describes how John's personal dream of owning a red sports car led him to establish a successful company, which ultimately transformed the region from a depressed state to a safe and prosperous one. This statement does not directly relate to the production possibilities frontier (PPF), which is a graph that shows the various combinations of two goods that can be produced given available resources and technology.
Therefore, the terms "production possibilities frontier" and "PPF" are not applicable in the context of this statement.
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rior to recording its closing entries, a company has the following accounts and account balances at the end of its first year: accounts payable, $3,000 cash, $19,000 common stock, not given dividends, $1,000 expenses, $14,000 notes payable, $4,000 prepaid insurance, $3,000 revenues, $23,000 what is the balance of its common stock account at the end of the first year?
The balance of the common stock account at the end of the first year is given as $19,000.
The balance of the common stock account at the end of the first year can be calculated by subtracting the total liabilities and retained earnings from the total assets.
Total assets = Cash + Accounts Receivable + Prepaid Insurance + Other Assets
Total liabilities = Accounts Payable + Notes Payable
Total equity = Common Stock + Retained Earnings
Given:
Accounts Payable = $3,000
Cash = $19,000
Common Stock (not given dividends) = $19,000
Expenses = $1,000
Notes Payable = $14,000
Prepaid Insurance = $4,000
Revenues = $23,000
Total assets = $19,000 + $4,000 + Other Assets (not provided)
Total liabilities = $3,000 + $14,000 = $17,000
Total equity = Total assets - Total liabilities
Total equity = ($19,000 + $4,000 + Other Assets) - $17,000
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2. International Competitiveness of companies and countries Competitiveness is usually related to companies that fight for customers and contracts.
2a) What is different about the competitiveness of nations?
2b) Why can we not apply the same logic when we compare countries instead of companies?
While competitiveness at the company level focuses on specific market dynamics, the competitiveness of nations involves a broader set of factors that shape a country's overall environment for businesses.
Comparing countries cannot be approached with the same logic as comparing companies due to the distinct circumstances, contexts, and interdependencies involved at the national level.
The competitiveness of nations differs from the competitiveness of companies. While companies compete for customers and contracts, the competitiveness of nations involves a broader set of factors. Comparing countries cannot be based solely on the same logic applied to companies due to several reasons.
The competitiveness of nations encompasses a range of factors beyond the scope of individual companies. It includes aspects such as a country's economic policies, infrastructure, education system, technological capabilities, political stability, and social factors. These factors shape a country's overall environment for businesses and influence its ability to attract investment, stimulate economic growth, and foster innovation.
When comparing countries, it is important to consider their unique circumstances and characteristics. Each country has its own economic, political, and social context, which significantly impacts its competitiveness. Factors such as natural resources, labor market conditions, geopolitical location, and historical development can greatly influence a country's competitive advantage or disadvantage.
Moreover, the competitiveness of nations is interconnected. Countries do not operate in isolation but participate in global markets and international relations. Their competitiveness is influenced by trade policies, foreign investments, exchange rates, and international agreements. Therefore, the comparison of countries requires a broader perspective that considers the complex interactions between various economic, political, and social factors.
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A Company's data are: Selling price per unit $120 . Variable cost per unit $50 • Fixed cost of operations per year $210 000 What is the break-even point in units? O a. 1 235 O b. 1750 O c. 4 200 C. O d. 3 000
The break-even point in units is option D, 3,000 units. The break-even point is the level of sales where total revenue equals total costs, resulting in zero profit.
To calculate the break-even point in units, we can use the following formula:
Break-even point (units) = Fixed costs / Contribution margin per unit
Where contribution margin per unit = Selling price per unit - Variable cost per unit
Applying the values given in the problem, we get:
Contribution margin per unit = $120 - $50 = $70
Break-even point (units) = $210,000 / $70 = 3,000 units
Therefore, the break-even point in units is option D, 3,000 units.
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Terry Wade, the new controller of Riverbed Company, has reviewed the expected usefullives and salvage values of selected depreciable assets at the beginning of 2022. Here are his findings: Accumulated Useful life (in Years) Date Depreciation Salvage Value Type of Asset Acquired Cost Jan. 1, 2022 Old Proposed Building Jan. 1, 2016 $810,000 40 50 Warehouse Jan. 1, 2017 116,000 25 20 $115,950 22,360 Old $37,000 4,200 Proposed $73,650 27,640 All assets are depreciated by the straight-line method. Riverbed Company uses a calendar year in preparing annual adjusting entries and financial statements. After discussion, management has agreed to accept Terry's proposed changes. (The "Proposed" useful life is total life, not remaining life.) (a) Compute the revised annual depreciation on each asset in 2022. Building Warehouse Revised annual depreciation (b). Prepare the entry to record depreciation on the building in 2022. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31
To compute the revised annual depreciation on each asset in 2022, we need to use the information provided in Riverbed Company . Here are the calculations:
a) Revised annual depreciation:
For the building:
Acquired Cost = $810,000
Useful life (revised) = 40 years
Depreciation = Acquired Cost / Useful life (revised)
Depreciation = $810,000 / 40 = $20,250 per year
For the warehouse:
Acquired Cost = $116,000
Useful life (revised) = 25 years
Depreciation = Acquired Cost / Useful life (revised)
Depreciation = $116,000 / 25 = $4,640 per year
b) The entry to record depreciation on the building in 2022 would be as follows:
Date Account Titles and Explanation Debit Credit
December 31 Depreciation Expense (Building) $20,250
Accumulated Depreciation (Building) $20,250
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Do you think Voice-rs are friends of a company? Why or not why?
(Topic customers Complaints)
Subject : Marketing service
Voice-rs can be considered friends of a company.
Voice-rs, who express their complaints or negative experiences, can be seen as friends of a company because their feedback provides an opportunity for improvement. By addressing their concerns, companies can enhance customer satisfaction and loyalty. Voice-rs play a valuable role in helping companies identify areas of weakness and drive positive changes in products, services, and overall customer experience. Embracing and resolving complaints can lead to stronger relationships with customers and ultimately contribute to the success of the company.
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based on what you have learned from your rankings in parts a and b, why is it generally hotter in summer than in winter? check all that apply. based on what you have learned from your rankings in parts a and b, why is it generally hotter in summer than in winter?check all that apply. we are closer to the sun in the summer. earth rotates more rapidly in summer. the sun is higher in the sky in summer. we have more hours of daylight in summer.
Based on what you have learned from your rankings in parts a and b, why is it generally hotter in summer than in winter?The sun's heat reaches the earth at a greater angle in the summer, resulting in more direct heat being absorbed by the earth's surface, according to the reason why it is typically hotter in summer than in winter.
The sun is higher in the sky during summer than in winter, which means that the same amount of solar energy is distributed across a smaller area than it would be in winter. This is why it is warmer in summer than in winter. As a result, summers are always hotter than winters.
Earth rotates at a fixed speed and it takes approximately 24 hours for it to complete one rotation. While this has no impact on the temperatures on earth, it does influence the duration of daylight hours. We have more hours of daylight in the summer due to the earth's tilt.
In summer, the days are longer than the nights, whereas in winter, the nights are longer than the days. The tilt of the earth’s axis determines the hours of daylight received at a particular location, and this, in turn, has an impact on the temperatures experienced in that location.
Because the earth's orbit is elliptical, we are closer to the sun in winter than in summer. This proximity to the sun has a limited effect on the temperatures on earth. During the winter season, earth's tilt exposes the Northern Hemisphere to less direct sunlight than the Southern Hemisphere.
This is why the Northern Hemisphere experiences winter while the Southern Hemisphere experiences summer.
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