Each scenario according to whether it occurs as a result of implementing a price floor or price ceiling are:
a. price floor
b. price ceiling
c. price floor
d. price ceiling
e. price ceiling
f. price floor
a. Price ceiling; the diner may not be able to afford to operate 24 hours a day due to the price ceiling.
b. Price ceiling; the restaurant may need to reduce portion sizes in order to accommodate the price ceiling.
c. Price floor; the market may be flooded with tie-dye shirts, as producers try to meet the price floor.
d. Price ceiling; the butcher may be unable to meet demand due to the price ceiling.
e. Price floor; the labor market may be flooded with workers due to the price floor.
f. Price floor; the airline may offer overly luxurious flights in order to meet the price floor.
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you are going to invest in a stock mutual fund with a front-end load of 3.5 percent and an expense ratio of 1.51 percent. you also can invest in a money market mutual fund with a return of 2.3 percent and an expense ratio of .20 percent. if you plan to keep your investment for 2 years, what annual return must the stock mutual fund earn to exceed an investment in the money market fund? what if your investment horizon is 10 years? (do not round intermediate calculations. enter your answers as a percent rounded to 2 decimal places.)
A mutual fund is a pooled assortment of resources that puts resources into stocks, bonds, and different protections. The stock mutual fund must earn an annual return of at least 4.79% (2.5% + 1.29% + 3.79%) to exceed the money market fund return over a 10-year period.
For a 2-year investment horizon:
The effective annual rate of the stock mutual fund is:
(1 + r) = (1 - 0.035) / (1 - 0.0151) = 0.96208
r = 1.00 - 0.96208 = 0.03792 or 3.79%
To exceed the money market fund return, the stock mutual fund must earn an annual return greater than 2.3% + 0.20% = 2.5%.
Therefore, the stock mutual fund must earn an annual return of at least 6.29% (2.5% + 3.79%) to exceed the money market fund return over a 2-year period.
For a 10-year investment horizon:
The effective annual rate of the stock mutual fund is:
(1 + r) = (1 - 0.035) / (1 - 0.0151) = 0.96208
r = 1.00 - 0.96208 = 0.03792 or 3.79%
To exceed the money market fund return, the stock mutual fund must earn an annual return greater than 2.3% + 0.20% = 2.5%.
Assuming that the expense ratio remains constant over 10 years, the required annual return of the stock mutual fund is:
(1 + r)^10 = (1.025 / 0.96208)
r = (1.025 / 0.96208)^(1/10) - 1 = 0.01292 or 1.29%
Therefore, the stock mutual fund must earn an annual return of at least 4.79% (2.5% + 1.29% + 3.79%) to exceed the money market fund return over a 10-year period.
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suppose that the equilibrium price of blackberries is $3 per pound, and the price of black raspberries (a substitute for blackberries) increases. what happens in the market for blackberries? the demand curve for blackberries shifts to the right, resulting in an increase in both the equilibrium price and quantity. an excess demand for blackberries at $3 per pound results in a new equilibrium price that is less than $3 per pound. an excess supply of blackberries at $3 per pound leads to an increase in quantity demanded and a decrease in quantity supplied. the demand curve for blackberries decreases, reducing the equilibrium price and raising the equilibrium quantity.
The correct answer is: excess demand for blackberries at $3 per pound results in a new equilibrium price that is less than $3 per pound.
When the price of black raspberries increases, consumers will tend to switch to blackberries as a substitute, leading to an increase in the demand for blackberries. As a result, the demand curve for blackberries shifts to the right, causing an excess demand for blackberries at the current equilibrium price of $3 per pound. In response, the price of blackberries will rise to a new equilibrium level, but it will be less than $3 per pound as the quantity supplied by the market adjusts to meet the increased demand. Therefore, the correct answer is that an excess demand for blackberries at $3 per pound results in a new equilibrium price that is less than $3 per pound.
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renting out property or selling content on a blog are examples of ______________.
Renting out property or selling content on a blog are examples of passive income.
Passive income is regular earnings from a source other than an employer or contractor. The Internal Revenue Service (IRS) explains that passive income can come from either rental property or a business that a person is not actively involved in, like earning stock dividends or book royalties. Passive income is unearned money that comes in automatically and that takes little to no effort to get or maintain. It frequently coexists with just another source of income, such as a side job. The IRS in the US divides income into three categories: active income, cashflow, and portfolio income. Passive income is taxable since it is a form of acquired income linked to the tax exemption system or the result of capital growth.
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how corporations are designated changes depending on where the corporation is doing business. when a corporation is in the state in which it is incorporated it is known as a(n) .
The correct answer is No, whenever a corporation changes its purpose significantly, it must always amend or renew its charter.
A partnership is a company that is owned by two or more people and operates with the goal of turning a profit. A legal entity, the company is structured in accordance with the legislation of the state in which it is created. Owners and the company organisation are distinct entities. A corporate charter, usually referred to as a "charter" or "articles of incorporation," is a written instrument that the founders of a corporation file with the Secretary of State (or registrar in Canada). It describes a company's primary elements, including its goals, organisational structure, and anticipated activities.
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james went shopping with only $60 on him. he wants to buy a new pair of jeans and a pair of shoes. each item costs exactly $60, so he can only purchase one of the two. this scenario directly illustrates the basic concept that
The correct answer is the basic concept that when resources are scarce, people face trade-offs. A trade-off is where one thing increases, and another must decrease.
What is trade-off?A trade-off is a situational choice that includes diminishing or dropping one quality, quantity, or belongings of a hard and fast or layout in go back for profits in different aspects.
Tradeoffs stem from boundaries of many origins, most effective a sure quantity of items can healthy right into a given space, so a complete field should eliminate a few gadgets so as to be given any more, and vessels can deliver some huge gadgets or more than one small gadgets.
Tradeoffs additionally normally check with unique configurations of a unmarried item, along with the tuning of strings on a guitar to allow unique notes to be played, in addition to an allocation of time and interest closer to unique tasks.
The idea of a tradeoff indicates a tactical or strategic preference made with complete comprehension of the benefits and drawbacks of every setup.
An financial instance is the choice to spend money on stocks, that are unstable however deliver exceptional ability go back, as opposed to bonds, that are normally more secure however with decrease ability returns.
An economics a trade-off is expressed in phrases of the possibility value of a specific preference, that is the lack of the maximum desired opportunity given up.
A tradeoff, then, includes a sacrifice that should be made to gain a sure product, service, or experience, in preference to others that might be made or acquired the usage of the equal required resources.
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when the price of grape jelly increases from $1 to $2 the quantity of crunchy peanut butter decreases from 30 to 20 jars. use the formula for the cross price elasticity of demand to determine whether these two goods are complements or substitute
peanut butter and Gap Grape Jelly are Complementary goods.
Sub - Substitute goods have positive Cross elasticity of demand.
Cross price elasticity = (% Change in Quantity demanded of Good 1 / % Change in Price of Good2)
= (Q1-Q0/P1-P0)*(P0/Q0)
Q1 = New Quantity good i = 20
Q0 = old Quantity peanut butter = 30
P0= old price Grape Jelly = I
P1 = New price Grape Jelly = 2
= (20-30 / 2-1)*(1/30)
=-0.33 (cross price elasticity)
When Cross price elasticity is Bare Negative, it means goods Complementary. So peanut butter and Gap Grape Jelly are Complementary goods. Sub - Substitute goods have positive Cross elasticity of demand.
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what information-eliciting strategy helps to enable the analyst to see the reality of the situation rather than listen to others try to describe it?
The information-eliciting strategy that helps to enable the analyst to see the reality of the situation rather than listen to others try to describe it is observation.
As a language model AI, I am unable to speak from personal experience, but the information-eliciting strategy known as Direct Observation helps the analyst perceive the issue as it really is rather than relying on others to try to explain it. By physically seeing the scenario or event under consideration, the analyst can get a firsthand understanding of what's going on. This technique is known as direct observation. The analyst may form their own conclusions and interpretations by actively observing rather than depending on the views or perceptions of others. By doing so, biases are reduced and a more accurate picture of the issue is provided, enabling better decision-making.
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how much value does the discounted payback period method fail to recognize due to this theoretical deficiency? $2,261,698 $6,039,476 $3,889,270 $1,667,048
The discounted payback period is a financial calculates the number of years it takes for a project to recoup its initial investment.
The method discounts future cash flows to their present value using a discount rate and then adds them up cumulatively until the initial investment is recovered.One of the theoretical deficiencies of the discounted payback period method is that it fails to recognize any value created by the project beyond the payback period. This means that any cash flows generated by the project after the payback period are not considered in the calculation.The amount of value that the discounted payback period method fails to recognize due to this theoretical deficiency depends on the specific project and its cash flows. The values given in the question ($2,261,698, $6,039,476, $3,889,270, and $1,667,048) could be the net present value of the project's cash flows beyond the payback period, but without more information about the project, it is not possible to determine which value is correct
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how does gail demonstrate that she is a business ally?
Gail can demonstrate that she is a business ally by being:
supportive to the common business goals and objectives Commit on being reliable and trustworthyAn advocate for the company's productsGail demonstrates that she is a business ally by supporting and promoting the business goals and objectives of the company she is working with. Gail needs to demonstrate her commitment to the business by being a reliable and trustworthy partner, communicating effectively with other stakeholders, and being proactive in addressing any challenges or issues that may arise.
Additionally, Gail may demonstrate her business allyship by being an advocate for the company's products or services, providing valuable feedback and insights, and helping to develop and implement new strategies and initiatives.
Overall, Gail's actions and behaviors demonstrate her commitment to being a valuable and supportive business ally.
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financial institutions that specialize in assisting corporations in primary market transactions are called . group of answer choices pension funds mutual funds globalization specialists investment bankers
Investment banks are financial institutions that focus on supporting businesses with primary market transactions. Hence, the right answer is (D).
Who are investment bankers?Investment banking is the term used to describe a number of activities carried out by a financial services firm or corporate division that involve advisory-based financial transactions on behalf of private persons, public companies, and governmental entities.
By underwriting or acting as the client's agent in the issuing of debt or equity instruments, a bank like this—which is typically connected with corporate finance—might help raise money.
Additionally, an investment bank may offer support services to businesses engaged in mergers and acquisitions (M&A), including market-making, trading derivatives and equity securities, FICC services (fixed income instruments, currencies, and commodities), and research (macroeconomic, credit or equity research).
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____requires creditors to tell consumers what credit will cost them before they use it.
The Truth in Lending Act (TILA) requires creditors to tell consumers what credit will cost them before they use it.
The Truth in Lending Act (LITA) is designed to protect consumers from being taken advantage of by creditors and to ensure that they have all the information they need to make informed decisions about using credit. TILA requires creditors to disclose the terms and conditions of a loan, including the annual percentage rate (APR), the total amount of the loan, and the payment schedule.
This information must be provided in a clear and conspicuous manner so that consumers can easily understand it. By requiring creditors to provide this information, TILA helps consumers to compare different credit offers and to choose the one that is best for them.
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a catering company manager is proposing the purchase of a new van to enable the company to handle more deliveries. she is working on .
a catering company manager is proposing the purchase of a new van to enable the company to handle more deliveries. she is working on capital expenditure budget.
An expenditure budget is a financial plan that outlines the expected costs or expenses that an organization or business will incur over a specific period. The budget helps organizations to allocate their resources, set financial goals, and make informed decisions regarding their expenses. Typically, expenditure budgets are prepared annually and are based on the organization's strategic goals and objectives. The budget includes categories such as salaries, office rent, utilities, marketing, equipment, and supplies. By setting expenditure budgets, organizations can better control their spending and reduce the risk of overspending or running out of resources funds. Expenditure budgets can be used as a basis for performance evaluation, helping organizations to assess their financial performance against their goals and objectives. Proper management of expenditure budgets is essential for an organization's long-term sustainability and growth.
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the computations required to prepare the statement of cash flows include all of the following except equipment purchased with a note payable. the sale of investments in debt or equity securities. borrowing via notes payable or bonds. the sale of goods or services.
Three columns make up a conventional cash flow statement: cash from operating operations, cash from investment activities, and cash from financing activities.
The statement of cash flows contains what?The sum of the cash flows from operations, investments, and financing is known as net cash flow and is included in the cash flow statement. Cash flow from operations, or CFO, is the first section of the cash flow statement and comprises all transactions from operational business activities.
What are the seven procedures for creating a statement of cash flows?How to Create a Cash Flow Statement in 7 Easy Steps
In order to prepare a cash flow statement using the indirect approach, we will now go through the process step by step: To begin, gather the fundamental paperwork.
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brock exchanges a property with an adjusted basis of $40,000 subject to a mortgage of $20,000 for a property owned by reese with a fair market value of $80,000. reese assumes the mortgage. no cash or other assets were part of the trade. brock's amount realized is:
Both the transferred and the received property must be put to use in a trade or business or kept as an investment.
What is the main tax advantage of owning a home or other type of income property?The main tax advantages of owning rental property include the ability to write off owner and operating expenses, delay capital gains taxes, and take advantage of depreciation. The majority of the time, an investor's rental property income is taxed according to their federal income tax bracket as ordinary income.
What goal does an assessment equalization factor serve?Equalization Factor or Multiplier: The equalization factor, also referred to as a multiplier, is a method used to uniformly appraise all real estate.
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products that have decreased demand when consumer incomes rise and increased demand when consumer incomes fall are called goods. multiple choice question. inferior exogenous luxury normal
Products that have decreased demand when consumer incomes rise and increased demand when consumer incomes fall are called Inferior goods.
In marketing, a product is an object, system or service that is provided to a consumer at the request of the consumer; it is anything that can be offered for sale in the market to satisfy a want or need of a customer.
In retail, products are often referred to as commodities and in manufacturing, products are purchased as raw materials and then sold as finished products. A service is also considered a type of product. A related concept is the by-product, a by-product, but useful, of the manufacturing process.
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T/F. Sand found in commercial sand and gravel deposits is typically composed of silicate minerals.
True, Sand found in commercial sand and gravel deposits is typically composed of silicate minerals.
What is a mineral?A mineral or mineral type is, generally speaking, a pure, naturally occurring solid chemical compound with a very well-defined chemical makeup. Compounds that are found only in living organisms are typically not included in the geologic definition of a mineral.
What features does a mineral have?By definition, minerals have three characteristics: they are solid, they have an orderly atomic arrangement, and they have a chemical formula that is constant or nearly constant. Oil is a mixture of organic molecules that is liquid and does not have a consistent chemical formula or clearly defined atomic structure.
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what is the pv of an ordinary annuity with 10 payments of $7,700 if the appropriate interest rate is 5.5%?
the present value of the ordinary annuity with 10 payments of $7,700 at an interest rate of 5.5% is $62,327.44.
To calculate the present value (PV) of an ordinary annuity with 10 payments of $7,700 at an interest rate of 5.5%, we can use the formula:
PV = Payment x ((1 - (1 + r)^-n) / r)
where r is the interest rate per period and n is the number of periods.
In this case, the payment is $7,700, the interest rate is 5.5% per period, and the number of periods is 10. Since the payments are made at the end of each period (ordinary annuity), we don't need to make any adjustment to the formula.
So, substituting the values, we get:
PV = $7,700 x ((1 - (1 + 0.055)^-10) / 0.055)
PV = $7,700 x ((1 - 0.583450851) / 0.055)
PV = $7,700 x (8.091199713)
PV = $62,327.44
Therefore, the present value of the ordinary annuity with 10 payments of $7,700 at an interest rate of 5.5% is $62,327.44.
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the labor force participation rate is the number group of answer choices of employed divided by the number in the labor force. of unemployed divided by the number of employed. of employed divided by the total population. in the labor force divided by the working-age population.
Option d: The labor force participation rate is the number In the labor force divided by the working-age population.
The labor force participation rate is/ an estimate of the economy's active workforce. This formula is the number of people over the age of 16 who are employed or actively seeking employment divided by the total Un institutionalized private working-age population.
Activity rates are an important indicator when analyzing employment and unemployment data, as they measure not only the number of people currently employed, but also the number of people actively looking for work. Institutionalized individuals (prisons, nursing homes, or psychiatric facilities) and military members are omitted.
Some economists argue that labor force participation and unemployment data should be looked at together to better understand the economy's actual employment situation.
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Complete question:
The labor force participation rate is the number
(a). Of unemployed divided by the number of
employed.
(b). Of employed divided by the number in the labor
force.
(c). Of employed divided by the total population.
(d). In the labor force divided by the working-age
population.
cream cups bakes cakes in several varieties dedicated to special occasions. it also allows its customers to personalize the cakes according to their personal preferences. this is an example of:
Cream cups bakes cakes in several varieties dedicated to special occasions. It also allows its customers to personalize the cakes according to their personal preferences. This is an example of mass customization.
The technique of imparting as well as distributing information to huge population segments via mass media was known as mass communication. It is considered to refer to different forms of media since its technologies were employed for the spread of information, of that which journalism as well as advertising are examples.
Cake is a flour-based dessert that is usually baked and made with flour, sugar, and other ingredients. In the early days, cakes were an adaptation of bread, but today they designate a variety of dishes that can be simple or elaborate and have features in common with sweets such as pies, cakes, custards. sugar, custard.
Flour, sugar, eggs, oils, liquids, and leavening agents, such as baking soda or baking powder, are the most common ingredients. With countless alternatives to the base ingredients, popular additional ingredients include dried, candied or fresh fruit, almonds, chocolate, and extracts such as vanilla.
Hence the correct option is D
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The above question is incomplete, the complete question is-
Cream Cups bakes cakes in several varieties dedicated to special occasions. It also allows its customers to personalize the cakes according to their personal preferences. This is an example of:
a. learning effects.
b. just-in-time inventory.
c. customer defection.
d. mass customization.
Today, Courtney wants to invest less than $5,000 with the goal of receiving $5,000 back sometime in the future. Which one of the following statements is correct?A.The period of time she has to wait until she reaches her goal is unaffected by thecompounding of interest.B.The lower the rate of interest she earns, the shorter the time she will have to wait to reach hergoal.C.She will have to wait longer if she earns 6 percent compound interest instead of 6 percentsimple interest.D.The length of time she has to wait to reach her goal is directly related to the interest rate sheearns.E.The period of time she has to wait decreases as the amount she invests today increases.
The correct statement is D. The length of time Courtney has to wait to reach her goal is directly related to the interest rate she earns. This is because the higher the interest rate, the faster her investment will grow, and the less time she will need to reach her $5,000 goal.
Conversely, a lower interest rate will mean slower growth and a longer time required to reach her goal. Statements A and E are incorrect because the period of time required to reach the goal is affected by both the interest rate and the amount invested. Statement B is also incorrect because a lower interest rate will mean slower growth and a longer time required to reach her goal, not a shorter time. Statement C is also incorrect because compound interest will actually result in faster growth than simple interest, which means she will have to wait less time to reach her goal if she earns 6% compound interest instead of 6% simple interest.
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10. which of the following processes of scope management process defines what work will and will not be included in the project? a. collect requirements b. define scope c. create work breakdown structure d. verify scope e. control scope
The scope management process consists of the following steps, which determine the work that will and won't be part of the project: a. gather requirements.
What information has to be in the scope management plan?Your project brief, a list of the project's requirements, and any anticipated deliverables should all be included in this document. A control measure, which is a procedure for change requests and helps stop scope creep, might be included in your scope plan document.
What duties should the scope management strategy include?The context management plan is an outline that outlines how the team will draft the project scope, develop the WBS, confirm that the project's deliverables have been met, and manage requests for project scope revisions.
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suppose that in mexico, it takes 4 labor hours to produce 1 shirt and 12 labor hours to produce 1 computer. suppose that in the united states, it takes 4 labor hours to produce 1 shirt and 3 labor hours to produce 1 computer. if both countries have 60 labor hours available, completely specialize according to comparative advantage, and trade 7.5 shirts for 7.5 computers, what is the value of the average wage in the united states after trade if the value of a shirt is $100 and the value of a computer is $100?
The average wage in the United States after the trade is then ($750 / 60 hours) = $12.50 per hour.
To determine the value of the average wage in the United States after the trade, we need to first calculate the amount of each good produced and traded by both countries.
Mexico can produce 15 shirts (60 hours / 4 hours per shirt) or 5 computers (60 hours / 12 hours per computer). The opportunity cost of producing a shirt in Mexico is 3 computers (12 hours/4 hours).
The United States can produce 15 shirts (60 hours / 4 hours per shirt) or 20 computers (60 hours / 3 hours per computer). The opportunity cost of producing a shirt in the United States is 1.33 computers (4 hours/3 hours).
Given these opportunity costs, it is advantageous for Mexico to produce shirts, while the United States specializes in producing computers. The two countries then trade 7.5 shirts for 7.5 computers.
Mexico gives up 22.5 computers (3 computers per shirt x 7.5 shirts) in exchange for 7.5 computers. The value of the shirts Mexico produces is $1,500 (15 shirts x $100 per shirt), while the value of the computers Mexico receives is $750 (7.5 computers x $100 per computer).
The United States gives up 10 shirts (1.33 computers per shirt x 7.5 computers) in exchange for 7.5 computers. The value of the computers the United States produces is $750 (7.5 computers x $100 per computer), while the value of the shirts the United States receives is $750 (7.5 shirts x $100 per shirt).
Therefore, the total value of the trade is $1,500 + $750 = $2,250, which is split evenly between the two countries. The average wage in the United States after trade is then ($750 / 60 hours) = $12.50 per hour.
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Which joint venturing method typically involves fees and royalty​ payments?
A.
Joint ownership
B.
Direct investment
C.
Licensing
D.
Contract manufacturing
E.
Management contracting
Answer:
The answer is C. Licensing typically involves fees and royalty payments.
Explanation:
describe sales and operations planning in terms of its purpose, components, and frequency and how they support the business strategy.
The management process known as "Sales and Operations Planning" (S&OP) aids in coordinating a company's sales and operational plans with its overarching business strategy.
Businesses employ the sales and operations planning (S&OP) process to coordinate their operational and sales activities with their overall business strategy. To make sure that the company is meeting customer demand while maximising operational efficiency, it entails the integration of sales forecasts, manufacturing plans, inventory levels, and other essential business data. S&OP enables businesses to identify possible supply chain problems that could have an impact on customer satisfaction as well as make informed decisions about production and inventory levels. S&OP is commonly undertaken on a monthly or quarterly basis, however the frequency might vary based on the needs of the firm. S&OP's ultimate objective is to strike a balance between profitability, operational effectiveness, and customer pleasure.
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derek currently has $11,121.00 in an account that pays 5.00%. he will withdraw $5,314.00 every other year beginning next year until he has taken 4.00 withdrawals. he will deposit $11121.0 every other year beginning two years from today until he has made 4.0 deposits. how much will be in the account 29.00 years from today?
The question has the following details:
The current balance of Person D is $11762.
6% interest rate.
Money withdrew in Years 1, 3, 5, 7, 9, 11, and 13 equaled $5457 per year.
Money Deposited Years 2, 4, 6, 8, 10, 12, and 14 = $11762 each year
Description of step 1
Step 1: Determine the present amount and cash deposits' projected worth in the year 28.
Step 2: Calculate the withdrawal amount's future value in the year 28.
Step 3: To get the account balance in year 28, subtract the future value of the withdrawn sum from the future value of the present balance plus cash deposits.
In the account 29.00 years from today is $11762.
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dollar thrifty told hertz and avis budget to submit their best and final proposals. in the end dollar thrifty combined with one of the companies in a(n)
The situation described in the prompt seems to refer to a corporate strategy known as a "competitive bidding process".
In this process, companies such as Dollar Thrifty request bids or proposals from potential business partners or competitors, usually with the objective of selecting the best offer or partner.
In the case described, Dollar Thrifty requested final proposals from Hertz and Avis Budget, likely to determine which company would be the best fit for a potential merger or acquisition. After reviewing the proposals, Dollar Thrifty decided to combine with one of the companies, suggesting that the chosen company had made the most compelling offer or was considered the best fit for Dollar Thrifty's needs.
The outcome of this competitive bidding process could have significant implications for the future direction and success of the companies involved. By combining with a strategic partner, Dollar Thrifty may have gained access to new markets, technologies, or resources, while Hertz or Avis Budget may have missed out on a potential opportunity for growth or expansion.
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which of the following are costs that are recognized for financial reporting when incurred? multiple select question. manufacturing costs product costs period costs nonmanufacturing costs
Costs associated with products are ones that, when incurred, are recorded for financial reporting.
Examples of product pricesDirect materials, production overhead, and allocated plant overhead are a few examples of product expenses. General and administrative expenditures, including as rent, office leasing, office supplies, and utilities, are examples of period costs.
How much does a thing cost over time?Since period expenses cannot be ascribed to any one product, they are paid as an expenditure rather than being divided up. Due to their direct connection towards the manufacturing of goods and services, the product cost is allocated to the products. This expense is based on time. This pricing is based on volume.
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abc buys widgets for $5 cash and sells them on account for $8. at the point of sale, what is the effect on the net income of abc?
The correct option is: B) Increase $3 . According to gaap, accounting record is ready based on accumulation technique where income will be thought about when deals will be made, not based on collection.
GAAP comprises of a typical arrangement of accounting rules, necessities, and practices gave by the Monetary Accounting Norms Board (FASB) and the Governmental Accounting Norms Board (GASB). GAAP decides to normalize the groupings, suspicions and methods utilized in accounting in
ventures across the US. The design is to give clear, reliable and tantamount data on organizations financials.
For what reason should an organization follow GAAP?
Following GAAP guarantees monetary data is reliably and precisely revealed. It is an accounting practice expected for profits, not-forprofits, and government entities.
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The complete question is:
ABC buys widgets for $5 cash and sells them on account for $8. At the point of sale, what is the effect on the net income of ABC?
A) Decrease $5 B) Increase $3 C) No effect D) Increase $8
the congressional budget office (cbo) has estimated the following responses over a 10-year period to a 10 percent rise in cigarette prices. long-run price elasticities for cigarettes age group percent decline in smoking 12-17 years 5% 18 years 4.5% 19-39 years 4% 40 years and older 1.5% what is the long-run price elasticity of demand for cigarettes among 18-year olds?
According to estimates, the demand for cigarettes among 18-year-olds has a 4.5% long-term price elasticity. The following replies have been calculated by the congressional budget office (cbo). long-run
In contrast to the short-run, where at least one input is fixed, the long-run in economics refers to a period of time during which all inputs can be adjusted. Long-term adjustments to market conditions, such as shifts in prices or technological advancements, can be made by both consumers and businesses in terms of production scale and procedures. The long-run idea is significant because it emphasises the significance of taking into account the dynamic character of economic systems and enables a more realistic understanding of how markets and the economy function over time. In economic modelling, forecasting, policy analysis, and decision-making, long-run analysis is frequently utilised.
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a local sporting goods store sells guns. each gun must be tracked by the government to aid in crime investigation and for other reasons. the most appropriate cardinality between the order and product (gun) entities is represented by which erd? (only maximum cardinalities have been included.)
The most appropriate cardinality between the Order and Product (Gun) entities is represented by ERD Because it is serializable.
What is ERD?Entity Relationship Diagrams, sometimes referred to as ER Diagrams, ER Models, or ERDs, are a sort of structural diagram used in database architecture.
It is divided into series with the new generation unification order to the product.
ERD is a crucial component of building your software systems or how you apply your business intelligence solutions when it comes to business analysis. Companies that have a lot of data and sophisticated databases may employ ERD.
Analysts primarily use it while creating databases. The database enables them to convey the organizational structure of the firm to other teams, and this overview will assist you in creating business-supporting applications.
Therefore, Because it is serializable.
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Your question is incomplete, most probably the complete question is;
A local sporting goods store sells guns. Each gun must be tracked by the government to aid in crime investigation and for other reasons. The most appropriate cardinality between the Order and Product (Gun) entities is represented by which ERD? (Only maximum cardinalities have been included.)
(A) because it is non-serializable (virtual)
(B) because it is non-serializable (virtual)
(C) because it is serializable
D) because it is serializable
