Sourcing/purchasing has a significant scope in the supply chain of an organization. Sourcing/purchasing includes the procurement of raw materials, components, and services that are required for the production of goods or services.
1. Supplier selection and evaluation: Sourcing/purchasing is responsible for identifying and evaluating potential suppliers to determine which ones can best meet the needs of the organization. This includes reviewing supplier capabilities, quality, reliability, and price.
2. Contract negotiation: Sourcing/purchasing is responsible for negotiating contracts with suppliers to ensure that the organization gets the best possible terms and prices for the goods and services it needs.3. Order placement and follow-up: Sourcing/purchasing is responsible for placing orders with suppliers and ensuring that they are delivered on time and to the required specifications.
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Read the sentence from Lord of the Rings then answer the questions that follow "And he has at last heard, I think, of hobbits and the Shire." advanced.par.» B TEE A. What rule of usage does this sentence break? B. Why do you think Tolkien would have broken this rule?
The sentence “And he has at last heard, I think, of hobbits and the Shire” breaks the rule of usage that demands the use of the singular verb after a singular subject. The word “hobbits” is plural and hence requires a plural verb to follow.
In English language, we use singular verbs with singular subjects, and plural verbs with plural subjects. The sentence in question has a plural subject "hobbits" but it uses the singular verb "has".The sentence should read as: “And they have at last heard, I think, of hobbits and the Shire” to make it grammatically correct.
This will follow the subject-verb agreement rule. Here, the plural verb 'have' has been used as per the plural subject 'hobbits'.It is possible that J.R.R. Tolkien, the author of The Lord of the Rings, broke this rule intentionally to give a natural feel to the language of the characters in the book. This is known as poetic license.
The author’s decision to write in this manner shows that the speaker is not a stickler for grammar and that he speaks colloquially. It may also imply that the speaker’s knowledge of hobbits and the Shire is limited. This is a deliberate attempt by the author to show the natural way of speaking of a character, rather than a breach of grammar rules.
Tolkien was also known to be interested in linguistics and language construction. his writing style in the book is intentional and crafted with a purpose.
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Consider a market in which there are many potential buyers and sellers of used cars. Each potential seller has one car, which is either of high quality (a plum) or low quality (a lemon). A seller with a low-quality car is willing to sell it for $3,500, whereas a seller with a high-quality car is willing to sell it for $9,000. A buyer is willing to pay $4,500 for a low-quality car and $11,000 for a high-quality car. Of course, only the seller knows whether a car is of high or low quality, as illustrated in the accompanying image.
In this market for used cars, there is an asymmetry of information between the sellers and the buyers. Sellers possess private information about the quality of their cars, whether it is high or low.
The sellers have different reservation prices based on the quality of their cars. A seller with a low-quality car is willing to accept a price of $3,500, while a seller with a high-quality car demands a higher price of $9,000.
On the other hand, buyers also have different reservation prices depending on their willingness to pay for each quality of the car. A buyer is willing to pay $4,500 for a low-quality car and $11,000 for a high-quality car.
As a result, there exists a potential for trade in the market. Buyers are willing to pay more for a high-quality car than the seller's reservation price, and sellers of low-quality cars are willing to accept a price lower than the buyer's reservation price.
However, the challenge in this market is the information asymmetry. Buyers cannot directly determine the quality of the cars and must make offers based on their own assessment and limited information. This can lead to a situation where buyers may be hesitant to pay a higher price, fearing they might end up with a low-quality car (a lemon).
To overcome this information asymmetry, mechanisms such as warranties, inspections, or reputation systems can be implemented to provide buyers with more confidence and reduce the risk of purchasing a low-quality car.
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Why pollution level decrease with depth of soil? You should also describe how pollutant enter each layer of soil.
Pollution levels decrease with the depth of soil due to natural filtration processes and interactions between pollutants and soil particles.
As pollutants enter the soil, they undergo various processes that can reduce their concentrations with increasing soil depth. The entry of pollutants into each layer of soil occurs through a combination of mechanisms such as infiltration, percolation, and diffusion.
When pollutants are introduced at the surface, the uppermost layer of soil, known as the topsoil, plays a vital role in filtration. The topsoil contains organic matter, minerals, and microorganisms that can absorb, adsorb, or break down pollutants through biological, physical, and chemical processes. These processes help to trap and immobilize pollutants, preventing them from further leaching into deeper layers.
As pollutants move downwards, they encounter successive layers of soil. Each layer contributes to the filtration and attenuation of pollutants through mechanisms like adsorption onto soil particles, precipitation reactions, microbial degradation, and physical barriers. These processes gradually remove or transform the pollutants, leading to a decrease in their concentrations with depth.
Additionally, the vertical movement of water through the soil profile can aid in pollutant transport and distribution. Water carrying dissolved or suspended pollutants can percolate through the soil layers, and as it moves downwards, some pollutants may be filtered out or undergo chemical reactions that render them less harmful.
Overall, the combination of natural filtration processes, interactions between pollutants and soil particles, and water movement contribute to the decrease in pollution levels with increasing soil depth. This phenomenon highlights the importance of soil as a natural filter and emphasizes the significance of protecting and preserving soil quality for environmental remediation purposes.
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The maximum allowable deflection for joists, beams and girders is
1/300" of the span.
The maximum allowable deflection for joists, beams and girders is 1/300 of the span. Deflection in the structural context means the degree to which a structural member deforms when subjected to a load. It is the displacement of a point in a beam or structural member under load from its original position.
Deflection is important as it affects the performance and safety of a structure. When a structural member is loaded, it deflects. The deflection should be within a certain limit that is deemed safe to avoid structural failure. For beams, girders, and joists, the maximum allowable deflection is limited to 1/300 of the span.
The deflection limit is critical because excessive deflection can cause cracking in walls, misalignment of finishes, and can make the structure uncomfortable to occupy. Therefore, it is essential to keep the maximum allowable deflection within the limit specified by the building code.
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Compare how the Realistic Theory of political power the Historical Materialism will explain the attitude of (Frustration) the British Government and East Indian Company the precipitation of the Opium War?
The Realistic Theory of political power explains how states are constantly in a state of war and will use any means necessary to ensure their survival.
Historical materialism, on the other hand, suggests that historical events are driven by economic forces, particularly class struggles. In this context, this is how they explain the attitude of frustration by the British Government and East Indian Company the precipitation of the Opium War: The British Government and the East Indian Company were frustrated with the Chinese government's decision to ban the importation of opium into China, which was a lucrative trade for the British. This was because opium was traded for Chinese goods and silver, which was essential for British trade and revenue. The British and East India Company were frustrated because they believed that the Chinese government's policy was unfair and violated free trade principles.
They also believed that the Chinese government was trying to limit British influence in the region. According to the Realistic Theory of political power, the British Government and the East Indian Company viewed this as a challenge to their power and economic interests. They were not willing to accept this challenge, and so they decided to use force to open up the Chinese market to their goods. In contrast, according to Historical Materialism, this conflict was driven by economic forces, particularly the class struggle between the Chinese government and the British Government. The British and East Indian Company wanted to maintain their economic dominance in the region, while the Chinese government was trying to protect its own economic interests.
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technology has provided ways for customers to bank from a distance, which has lessened which type of market failure in the industry? (30)
Technology has allowed customers to access banking services remotely, and this has helped to reduce the market failure of high transaction costs in the banking industry.
The banking industry is a prime example of the high transaction costs market failure. The cost of physically travelling to a bank branch and waiting in line to conduct business is high and inconvenient for most people. As a result, remote banking services have become increasingly popular in recent years.
Technology has played a vital role in the development of these remote banking services. Mobile banking, online banking, and ATM banking are just a few examples of the ways in which technology has allowed customers to conduct banking transactions from a distance. This has significantly reduced the cost of transactions and has made banking more accessible to people living in remote or rural areas.
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suppose a superior technology has become available for an economy but its spreads only gradually. this is a source of inefficiency for the economy. evaluate whether is true or false and why?
It is true that if a superior technology becomes available for an economy, but its spread is gradual, then it is a source of inefficiency for the economy. The adoption of the new technology is delayed, and the economy continues to use the old, outdated technology that is less efficient.
In today’s world, technology has played a vital role in every aspect of life. Therefore, if a superior technology becomes available for an economy, it should be adopted as soon as possible, but if the adoption of the technology is delayed, then it leads to inefficiency in the economy. Suppose, for example, a new technology is developed that enables the production of goods to become more efficient and less expensive, but its use is limited to only a few companies or sectors of the economy. If the spread of the technology is slow, then the companies that use the technology will have a significant advantage over those that do not use it, leading to an inefficient market.
Also, the adoption of new technology requires training and a change in work practices, which can be difficult for many businesses. Therefore, the slow spread of superior technology creates a knowledge gap between those who are using the new technology and those who are still using the outdated technology.
If a superior technology becomes available for an economy, but its spread is gradual, then it is a source of inefficiency for the economy. The adoption of the new technology is delayed, and the economy continues to use the old, outdated technology that is less efficient.
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Tesla has crazy growth rate in the past 3 years:
2019: $-.862B
2020: $721B
2021: $5,519B
Among the 5 theories of profit (e.g., innovation, managerial efficiency, etc.), which theory applies to Tesla and why?
The theory of innovation applies to Tesla's growth as it has been driven by technological advancements in electric vehicles and renewable energy solutions.
Tesla's remarkable growth can be attributed to the theory of innovation. The company has revolutionized the automotive industry with its electric vehicles, pushing the boundaries of technology and sustainability. Tesla's focus on developing cutting-edge battery technology, autonomous driving capabilities, and expanding its charging infrastructure has positioned it as a leader in the electric vehicle market. The innovative nature of Tesla's products and its ability to disrupt traditional automotive practices have been instrumental in its growth trajectory.
Tesla's success demonstrates the importance of innovation in generating profits. By introducing groundbreaking products and leveraging technological advancements, Tesla has captured a significant market share and created a strong brand image. The theory of innovation highlights how companies that prioritize research and development, embrace disruptive technologies, and create unique value propositions can achieve substantial profit growth. Tesla's continuous pursuit of innovation has propelled its success and positioned it as a frontrunner in the electric vehicle industry.
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Susan purchased a 2018 Toyota Camry on 3/1/2019 for $15,000. She sold it on 6/1/2021 for $15,000 after depreciating it by $500. She sold no other assets during the year. Susan recognizes $500- ordinary income. Select one: True False Helen's records for the current year contain the following information: -She donated IBM stock that she purchased 5 years ago for $3,000 when it had a FMV of $5000 to the American Lung Association. -She donated 20 hours of his time as a professional nurse to First Presbyterian Church. She bills her time to patients at $50 per hour. - He also donated $7,500 cash to a qualified charitable organization. -She paid her Home Owner's Asociation $1000. Patrick's adjusted gross income for the year is $100,000. What is the amount of his charitable contribution deduction? a $12,500 b. $11,500 c. $10,500 d. $13,500 Shira is single and 48 years old. She contributed $10,000 to a traditional IRA plan. The balance of the account before the distribution was $20,000. She distributed $5,000 this year for a first- time home purchase. Shira's only income this year was from salary or $20,000. Assume Shira is in the 22% bracket. Shira's tax on the distribution is $1100 ($5000 x .22), but there is no 10% penalty. Select one: True False Kyle purchased a new Honda Accord on 9/1/2021. He paid $25,000 plus $3000 sales tax. In, 2021, he drove 3000 miles for business and 4000 miles for personal purposes. Kyle's depreciation deduction is the lower of following two amounts: i. 3000/7000 x $28,000 x 1/5 x1/2 ii. Or 3000/7000 x $10,200 Select one: True False Shiela purchased land for $100,000 on 5/1/2000. She gifted it to her daughter Marion on 10/1/2020 when the land had a FMV of $80,000. Marion sold it on 9/1/2021 for $70,000. Marion recognizes a STCL of $10,000. Select one: True False Harris works for Richardson Corp for 6 years. Richardson has a defined benefit plan. Each employee earns 1.5% of their average salary for their highest 3 years of salary. Harris has a salary of $100,000 for each of the 6 years. Richard uses a 5 year cliff-vesting schedule. Harris 5 is entitled to a vested benefit of $9000 which he will receive anhually on retirement. Select one True Face
Susan purchased a 2018 Toyota Camry on 3/1/2019 for $15,000. She sold it on 6/1/2021 for $15,000 after depreciating it by $500. She sold no other assets during the year. Susan recognizes $500- ordinary income.
This statement is True. Susan has sold her Toyota Camry at the same price at which she bought, after taking a depreciation of $500 which means the selling price was actually $500 more than the value at which it was being sold, thus the depreciation is recognized as ordinary income. The term "ordinary income" refers to regular income, which is typically received from an employer, self-employment earnings, or investments.
Ordinary income is typically taxed at a higher rate than other types of income, such as capital gains. Hence, the given statement is true. Other statements: Helen's records for the current year contain the following information: - She donated IBM stock that she purchased 5 years ago for $3,000 when it had an FMV of $5000 to the American Lung Association.
What is the amount of his charitable contribution deduction? The amount of his charitable contribution deduction is $11,500. The total amount of the contribution made by Helen is $3,000 (stock) + $7,500 (cash) + $1,000 (HOA payment) = $11,500. Shira is single and 48 years old. She contributed $10,000 to a traditional IRA plan. The balance of the account before the distribution was $20,000. She distributed $5,000 this year for a first-time home purchase. Shira's only income this year was from salary or $20,000. Assume Shira is in the 22% bracket. Shira's tax on the distribution is $1100 ($5000 x .22), but there is no 10% penalty. The statement is True.
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Question 14 Photosynthetic organisms use sulphides to make organic matter and energy True False Question 15 Carnivores are primary consumers True False Question 16 Convergent evolution arises when new species arise with traits that differentiate them from their ancestors to better compete in their environment. True False Question 17 The most effective types of tools to control invasive species populations are chemical and biological True False Question 18 Insects are generally K-selected species True False Question 19 A species fundamental niche allows it to fulfill all its roles or use all resources at its disposal True False Question 20 Parasites are always found in or within close contact of their hosts True False Question 30 Disruptive selection of traits typically drives the prevalence of a feature in one direction. True False
Question 14: Photosynthetic organisms use sulphides to make organic matter and energy False
Photosynthetic organisms like plants, algae, and some bacteria use sunlight to produce organic matter and energy. Sulphides are not used by photosynthetic organisms to make organic matter and energy. Question 15: Carnivores are primary consumers False Carnivores are the secondary consumers that feed on primary consumers. Primary consumers are herbivores that feed on producers (plants). Question 16: Convergent evolution arises when new species arise with traits that differentiate them from their ancestors to better compete in their environment. True Convergent evolution is a process whereby organisms evolve to become more similar in appearance, function, or behavior to other organisms, even though they are not closely related to each other. This phenomenon arises when new species arise with traits that differentiate them from their ancestors to better compete in their environment. Question 17: The most effective types of tools to control invasive species populations are chemical and biological False The most effective way to control invasive species populations is through the integrated pest management technique, which combines different control strategies, including biological, chemical, and physical control. Question 18: Insects are generally K-selected species False Insects are usually r-selected species because they have a high reproductive rate, short gestation periods, and small body sizes. Question 19: A species' fundamental niche allows it to fulfill all its roles or use all resources at its disposal False A species' fundamental niche is the range of conditions that a species can tolerate and the resources that it can access without competition from other species. The realized niche is the actual range of conditions that a species occupies when competition is present. Question 20: Parasites are always found in or within close contact with their hosts True Parasites are organisms that live in or on another organism called the host, from which they obtain their nutrition. Hence, they are always found in or within close contact with their hosts. Question 30: Disruptive selection of traits typically drives the prevalence of a feature in one direction. False Disruptive selection is a natural selection process that drives the prevalence of a feature in two different directions. This process causes individuals with average or intermediate traits to be selected against, while those with extreme traits are favored.
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What is true about income redistribution?
A. Through income tax and redistribution, a dollar taken from a rich person ends up as a dollar in the hands of a poorer person.
B. Taxing people's income from employment makes them work more so that their take-home income will increase.
C. The greater the amount of income redistribution through income taxes, the greater is the inefficiency.
D. The big tradeoff is the tradeoff between income tax and redistribution.
The statement which is true about income redistribution is: Through income tax and redistribution, a dollar taken from a rich person ends up as a dollar in the hands of a poorer person. The correct option is A.Most societies redistribute income from the rich to the poor for two major reasons.
Income redistribution refers to the transfer of money from the wealthy to the poor or needy through taxes and social welfare programs. The main goal of income redistribution is to reduce poverty and inequality and finance government programs. Government programs are designed to help citizens in need, to fund the production of public goods and services, and to regulate and stabilize the economy. Most societies redistribute income from the rich to the poor for these reasons. Income redistribution can be carried out through several ways. Transfer payments (money given directly to citizens) like social security benefits or food stamps are common. Public goods and services such as free medical care can also be provided. Progressive income tax is another method of income redistribution. The tax rate increases as income rises to reduce income inequality. However, there are some disadvantages to income redistribution. The greater the amount of income redistribution through income taxes, the greater is the inefficiency. The big tradeoff is the tradeoff between income tax and redistribution.
Through income tax and redistribution, a dollar taken from a rich person ends up as a dollar in the hands of a poorer person. Most societies redistribute income from the rich to the poor to reduce poverty and inequality and to finance government programs. Income redistribution can be carried out through several ways. Transfer payments, public goods and services, and progressive income tax are common methods of income redistribution. However, the greater the amount of income redistribution through income taxes, the greater is the inefficiency.
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eader View Available = Chegg Question: Willow, Inc., Has Current Assets Of $ 220 Million; Property, Plant, And Equipment... Willow, Inc., has current assets of $ 220 million; property, plant, and equipment of $ 320 million; and other assets totaling $130 million. Current liabilities are $ 160 million and long-term liabilities total $ 380 million. 1. Use these data to write Willow's accounting equation. 2. How much in resources does Willow have to work with? 3. How much does Willow owe creditors? 4. How much of the company's assets do the Willow stockholders actually own? Expert Answer: 5G This problem has been solved! See the answer 100%
The stockholders' equity is equal to the owner's equity, which is $130 million.
1. the accounting equation is: assets = liabilities + owner's equity.
using the given data:assets = current assets + property, plant, and equipment + other assets
= $220 million + $320 million + $130 million = $670 million
liabilities = current liabilities + long-term liabilities
= $160 million + $380 million = $540 million
owner's equity = assets - liabilities
= $670 million - $540 million = $130 million
so, willow's accounting equation is: $670 million = $540 million + $130 million.
2. willow has a total of $670 million in resources (assets) to work with.
3. willow owes creditors a total of $540 million.
4. the stock of willow actually own the remaining amount of the company's assets after deducting liabilities. this means that the stockholders of willow own $130 million of the company's assets.
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Linking Concepts How does the principle of marginal thinking relate to the decision to free-ride? Give an example that is not included in the textbook. Answer the prompt using at least four sentences.
The principle of marginal thinking relates to the decision to free-ride in that the free-rider will weigh the costs and benefits of participating in a group effort, and may decide that the marginal benefit of free-riding outweighs the marginal cost of participating.
In other words, the free-rider will only contribute if the marginal benefit to themselves is greater than the marginal cost of contributing. An example of this might be a group project in school, where one student may choose not to contribute their fair share because they believe the marginal benefit to themselves (more free time) outweighs the marginal cost of participating (contributing to the project). Long Answer:Free-riding is an economic term that refers to the act of enjoying the benefits of a public good without contributing to the provision of the good. Marginal thinking is an economic principle that states that people make decisions by weighing the costs and benefits of each additional unit or activity.
The principle of marginal thinking relates to the decision to free-ride in that the free-rider will weigh the costs and benefits of participating in a group effort, and may decide that the marginal benefit of free-riding outweighs the marginal cost of participating. In other words, the free-rider will only contribute if the marginal benefit to themselves is greater than the marginal cost of contributing.An example of this might be a group project in school, where one student may choose not to contribute their fair share because they believe the marginal benefit to themselves (more free time) outweighs the marginal cost of participating (contributing to the project). Another example could be a community garden, where some members may choose not to contribute their time or resources to maintain the garden because they believe the marginal benefit of doing so is low compared to the marginal cost of their time or resources. In both cases, the principle of marginal thinking applies because the decision to free-ride is based on weighing the costs and benefits of participation.
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A schedule of safe payments is prepared under the assumption that ________.
a. partners who have deficit capital balances will only be able to partially settle their deficits.
b. any remaining non-cash assets are worthless.
c. Both of these assumptions are correct. => incorrect
d. None of these assumptions is correct.
2. When the newly admitted partner contributes goodwill, the value of that goodwill will be estimated based on the fair value of the ________ partnership and the percentage of the original partners’ interest in the ________ partnership’s capital.
a. original, original
b. original, new
c. new, original. => incorrect
d. new, new
The correct answers are:
1. d. None of these assumptions is correct.
2. b. original, new.
In question 1, the assumption mentioned in options a and b is not correct. A schedule of safe payments is prepared to ensure that partners with deficit capital balances can fully settle their deficits, not partially. Additionally, the assumption that any remaining non-cash assets are worthless is not necessarily true.
In question 2, when a newly admitted partner contributes goodwill, the value of that goodwill is estimated based on the fair value of the original partnership (before the new partner's admission) and the percentage of the original partners' interest in the new partnership's capital. This means that the value of goodwill is determined based on the original partnership's value, but the calculation takes into account the new partner's contribution to the capital of the new partnership.
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A project to produce solar heaters requires a $10 million investment. If the project is financed on an all equity basis, the after tax cash flows are $1.8 million for 10 years. The cost of unlevered equity for such a solar heater project is 12%. The firm intends to raise $5 million in debt financing that will be repaid in equal installments in 10 years. The interest rate on the debt is 8%. Is the project worthwhile?
The project is not worthwhile from a financial standpoint. It is generating lower present value of cash flows compared to the present value of debt financing.
To determine if the project is worthwhile, we need to calculate the Net Present Value (NPV) of the project. The NPV is the difference between the present value of cash inflows and the present value of cash outflows.
First, let's calculate the present value of the after-tax cash flows generated by the project. Since the project is financed on an all equity basis, the cash flows are unlevered. We can use the cost of unlevered equity of 12% to discount the cash flows. The cash flows are $1.8 million per year for 10 years.
PV of cash flows = [tex]Cash flow \frac{(1 - Tax rate) }{ Cost of unlevered equity}[/tex]
PV of cash flows = [tex]1.8 million \frac{(1 - 0.4) }{ 0.12} = $1.08 million[/tex]
Next, let's calculate the present value of the debt financing. The debt amount is $5 million, and it will be repaid in equal installments over 10 years. The interest rate on the debt is 8%.
PV of debt financing =[tex]\frac{ Debt amount }{ (1 + Interest rate)^10}[/tex]
PV of debt financing =[tex]\frac{5 million}{ (1 + 0.08)^10} = $2.82 million[/tex]
Now, let's calculate the NPV of the project by subtracting the present value of debt financing from the present value of cash flows.
NPV = PV of cash flows - PV of debt financing
NPV = $1.08 million - $2.82 million = -$1.74 million
Since the NPV is negative (-$1.74 million), the project is not worthwhile from a financial standpoint. It is generating lower present value of cash flows compared to the present value of debt financing.
Therefore, based on the given information, the project is not considered worthwhile.
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A cartel, consisting of firms A and B, has allocated production such that A produces 50 units and B produces 50 units. Each firm has the following marginal cost function: B. C. A's marginal cost: MCA = 2000N) where QA is A's production B's marginal cost: MC3 = 40(Q) where Qgis B's production In order to maximize cartel (joint) profit the cartel should: A. have A produce more and B produce less. have A produce less and B produce more. maintain each firm's production at their current levels. [14] A monopolistically competitive firm can raise its price somewhat without fear of losing all its sales because of: brand loyalty. economies of scale. large market shares of firms in the market. high barriers to entry. [15] The market price under monopoly tends to be than the market price under pure competition. A. B. C. D. A. B. higher lower [16] A. B. C. D. Which of the following weaken the ability of firms to form a cartel? Firms have high inventories There are a large number of firms attempting to cooperate Firms sell a homogeneous product all of the above The Herfindahl index in the case of monopolistic competition: [17] A. B. C. D. equals 10,000 equals 0. exceeds 10,000. lies between 0 and 10,000. A. B. [18] According to the kinked demand curve model, firms expect their rivals to match any price increases (i.e., if a firm increases its price it expects all other firms to increase their prices). True False [19] In monopolistically competitive markets, firms price their product above their marginal cost. A. B. True False
A cartel, consisting of firms A and B, has allocated production such that A produces 50 units and B produces 50 units. Each firm has the following marginal cost function :A's marginal cost: MCA = 2000N) where QA is A's production B's marginal cost:
MC3 = 40(Q) where Qgis B's production In order to maximize cartel (joint) profit the cartel should maintain each firm's production at their current levels. It is the profit-maximizing point for both firms. Since the cost of production for the two firms is different, the company with a lower cost of production would have earned more profit had the companies chosen to produce a different amount of units.
As a result, a price-fixing agreement between the two firms will be reached.The monopolistically competitive firm can raise its price somewhat without fear of losing all its sales because of brand loyalty. Customers of monopolistically competitive products are usually loyal to the company due to brand reputation and advertisement.
As a result, they are willing to pay a little more for the product even if a similar product is available on the market at a lower price. Hence, a firm in monopolistic competition can charge a slightly higher price without the risk of losing all sales.In the case of monopolistic competition.
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Refer to the information given below:
a. The August 31 balance shown on the bank statement is $9,808.
b. There is a deposit in transit of $1,273 at August 31.
c. Outstanding checks at August 31 totaled $1,903.
d. Interest credited to the account during August but not recorded on the company's books amounted to $100.
e. A bank charge of $34 for checks was made to the account during August. Although the company was expecting a charge, the amount was not known until the bank statement arrived.
f. In the process of reviewing the canceled checks, it was determined that a check issued to a supplier in payment of accounts payable of $634 had been recorded as a disbursement of $366.
g. The August 31 balance in the general ledger Cash account, before reconciliation, is $9,380.
Required:
a-1. Show the reconciling items in a horizontal model that shoulbe prepared to reflect the reconciling items as on August 31. (Use amounts with + for increases and amounts with -- for decreases.)
To prepare the horizontal model reflecting the reconciling items as of August 31, we need to compare the bank statement balance with the general ledger Cash account balance and list the reconciling items. Here's the horizontal model:
Bank Statement Balance:
August 31 balance: $9,808
General Ledger Cash Account Balance:
August 31 balance: $9,380
Reconciling Items:
Add:
Deposit in transit: +$1,273
Deduct:
Outstanding checks: -$1,903
Add:
Interest credited by the bank: +$100
Deduct:
Bank charge for checks: -$34
Deduct:
Error in recording check payment: -$268
Adjusted Bank Statement Balance:
$9,808 + $1,273 - $1,903 + $100 - $34 - $268 = $9,976
Now the adjusted bank statement balance matches the general ledger Cash account balance.
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To prepare the horizontal model reflecting the reconciling items as of August 31, we need to compare the bank statement balance with the general ledger Cash account balance and list the reconciling items. Here's the horizontal model:
Bank Statement Balance:
August 31 balance: $9,808
General Ledger Cash Account Balance:
August 31 balance: $9,380
Reconciling Items:
Add:
Deposit in transit: +$1,273
Deduct:
Outstanding checks: -$1,903
Add:
Interest credited by the bank: +$100
Deduct:
Bank charge for checks: -$34
Deduct:
Error in recording check payment: -$268
Adjusted Bank Statement Balance:
$9,808 + $1,273 - $1,903 + $100 - $34 - $268 = $9,976
Now the adjusted bank statement balance matches the general ledger Cash account balance.
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there are lot of answers on chegg but give me a unique answer
1. How does the dependence of the Canadian economy on Immigration affect labour relations? [4 points] 12 Eynlain how
The dependence of the Canadian economy on immigration influences labor relations through increased labor supply, cultural diversity, challenges in labor market integration, and addressing demographic concerns. Comprehensive policies are crucial for successful integration and positive labor relations.
The Canadian economy relies on immigration to address labor shortages, leading to a larger labor supply. This impacts labor relations by potentially suppressing wages and creating competition for jobs. Additionally, immigration contributes to cultural diversity in the workforce, which can enhance creativity but also present challenges in intercultural communication. Successful labor market integration of immigrants is important for positive labor relations, while addressing demographic challenges requires strategic immigration policies. Implementing comprehensive policies and support systems can facilitate successful integration and foster positive labor relations.
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Creating an E-Commerce Business
Develop an idea for a prospective small business and select a name for the company. Identify its key competitors and summarize the strengths and weaknesses of one of the competitors. Prepare a mission statement that encompasses the purpose of the business and considers its target market. Identify the ownership form for this business, taking into consideration tax implications, liability exposure, managerial ability, and cost of information
Analyze the nature of entrepreneurship, business ethics, and social responsibility in managing a successful small business. Describe the strategic planning process and develop a strategic plan for a small business.
Describe the strategic planning process and develop a strategic plan for a small business
Describe and analyze the necessary activities and key decisions to start a small business
Use technology and information resources to research issues in small business management. Write clearly and concisely about small business management using proper writing mechanics
1,000-words requirement
Creating an E-Commerce Business For a prospective small business, one of the most lucrative options available is setting up an E-commerce business. This is because the internet has opened up doors to people from all over the world, making it easier for entrepreneurs to market their products.
For this business, the name selected is ‘Tech Goods’ which will sell electronic gadgets, accessories, and appliances. Competitors in the E-commerce industry are immense, and among the leading companies in this sector are Amazon, Walmart, eBay, and Alibaba. One of the key competitors analyzed is Amazon. Amazon's main strength is its wide range of products and services. As a company, Amazon stocks just about everything from books and clothes to electronics and groceries. The company has a global reach, which has enabled it to have a large customer base. The weaknesses of Amazon include the low-profit margin. This is because the company has very high operating costs, which translates to low profits. Furthermore, Amazon has a problem with counterfeit products. These products are detrimental to Amazon's reputation, and the company has been making a concerted effort to curb this issue. The mission statement for Tech Goods:Tech Goods seeks to provide its customers with the best quality electronics and electronic accessories while providing impeccable service. Our target market is the youthful generation that is tech-savvy, constantly in search of new technological gadgets, and desiring affordable prices.For Tech Goods, the ownership form selected will be a limited liability company (LLC). This form of ownership has tax implications as the company’s profits and losses are reported on the member’s personal tax returns. This ensures that members are not double-taxed. Furthermore, the limited liability of members protects them from any personal liability that the company incurs. This ownership form has a flexible management structure, which makes it easy to run and manage the company.Analysis of Entrepreneurship, Business Ethics, and Social Responsibility in managing a successful small businessEntrepreneurship involves taking risks and venturing into unchartered waters to establish new businesses. Business ethics are the guiding principles that businesses use in their daily interactions. In the case of Tech Goods, the company will uphold high ethical standards and practice social responsibility, including conserving the environment and being involved in community initiatives.Strategic Planning Process and Strategic Plan for a Small BusinessThe strategic planning process involves identifying the company’s strengths, weaknesses, opportunities, and threats, then developing strategies to improve the company’s position. For Tech Goods, the company will use SWOT analysis to identify areas where it can improve and the opportunities available. Key decisions that will be taken to start a small business include selecting the most appropriate ownership form, developing a business plan, securing funding, and identifying suppliers and distributors.Use technology and information resources to research issues in small business management. Write clearly and concisely about small business management using proper writing mechanicsStarting a small business is not an easy task. Entrepreneurs must consider the legal requirements, tax implications, funding, and strategic planning. In conclusion, it is important to develop a mission statement that encompasses the purpose of the business and to identify the ownership form for the business. Additionally, entrepreneurs must analyze the nature of entrepreneurship, business ethics, and social responsibility in managing a successful small business. Furthermore, they must describe the strategic planning process and develop a strategic plan for the small business. Finally, they must describe and analyze the necessary activities and key decisions to start a small business.
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D Question 6 Which on the following is considered a topic in MICROECONOMICS 1. The effect of the increase in wages in the retail sector II. The effect of an increase in income tax on government spending III. The effect of rent control on the housing market IV. A student's decision about how to allocate his time between studying two subjects I, III and IV I and II All the above
The field of economics is divided into two main branches: microeconomics and macroeconomics. Microeconomics focuses on the study of individual economic units such as households, firms, and industries, while macroeconomics studies the economy as a whole.
Microeconomics deals with the decision-making behavior of individuals and firms and how their interactions in markets determine prices and quantities of goods and services. Thus, in the given options, The effect of the increase in wages in the retail sector, The effect of rent control on the housing market, and A student's decision about how to allocate his time between studying two subjects are considered topics in MICROECONOMICS.
The effect of an increase in income tax on government spending is a macroeconomic topic. An increase in income tax will affect the whole economy, and the effect on government spending will depend on the overall fiscal policy of the government.
In microeconomics, one of the primary concerns is how individuals make decisions regarding the allocation of their resources. Students deciding how to allocate their time between two subjects is an example of this. The decision-making process can be analyzed using various economic tools such as marginal analysis and opportunity cost.
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Billy purchases an investment where he feels he has the same chance of doubling his investment or losing half his investment. What is his expected return?
Question 8 options:
a) 50%
b) 25%
c) -50%
d) 200%
e) None of the listed answers
Billy's expected return is 25%. To calculate Billy's expected return, we need to consider the potential returns and their corresponding probabilities.
Given that Billy has an equal chance of doubling his investment or losing half his investment, we can assign a probability of 0.5 to each outcome.
The expected return can be calculated as follows:
Expected Return = (Probability of Doubling * Return in Doubling) + (Probability of Losing * Return in Losing)
Expected Return = (0.5 * 100%) + (0.5 * -50%)
Expected Return = 0.5 - 0.25
Expected Return = 0.25
It's important to note that expected return is just a mathematical average and does not guarantee the actual outcome. Investment decisions should consider other factors such as risk tolerance and overall investment strategy.
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Materiality is an important aspect of any audit. Which of the following statements are accurate? (Several choices may be correct.)
The lower the materiality, the more work that is required
The higher the materiality the more work that is required
Materiality is used to guide the planning of the audit
Materiality is determined based on the level of audit risk
Materiality is determined during the execution phase of the audit
Materiality is an important aspect of any audit. The following are the accurate statements:Materiality is used to guide the planning of the auditMateriality is determined based on the level of audit risk.
Materiality is defined as the level below which financial information can be ignored without materially impacting the decision-making process of the users of financial statements. It is an important aspect of any audit. The auditor needs to have an understanding of materiality when conducting an audit. Materiality is used to guide the planning of the audit. It is determined during the planning phase of the audit.
Materiality is determined based on the level of audit risk. The auditor has to take into account both the size of the item and the nature of the item. In general, the larger the item, the lower the materiality, and the smaller the item, the higher the materiality. Materiality is important as it determines the scope of the audit. If materiality is set too high, the auditor may miss material misstatements. If materiality is set too low, the audit can become too time-consuming and expensive.
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Employees' posts on social media may be protected under labor law. true or false
The statement "Employees' posts on social media may be protected under labor law." is true. Because social media has become a powerful tool for communication and networking.
This trend has seen most employees use social media platforms to post or share their opinions, political views, and other activities. However, employers often monitor and scrutinize their employees' social media posts, which could lead to legal issues. According to the National Labor Relations Board (NLRB), employees' posts on social media may be protected under labor law. The law prohibits employers from infringing on employees' rights to share information related to their work.
The NLRB has ruled in favor of employees who were dismissed due to their social media posts that criticized their employer's working conditions, and this decision upheld the employees' freedom of speech. Employees can criticize their employers' working conditions, express their grievances on social media and other platforms, and still be protected under labor laws. This protection is extended to unionized and non-unionized employees as the labor law covers all workers in the United States.
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Linda decided to borrow $350,000 from a bank to buy her dream house. She approached Prosperity Bank and they offered Linda the following mortage package: interest rate of 2.45 % per year, weekly repayment, for 30 years. Required: a) Calculating the amount of weekly repayment Linda needs to make for the mortgage.
ANSWER a):
b) Linda is considering two investment offers for saving up money to pay off her mortage in 10 years. Investment A offers the rate of return of 9.95% per year, compounding daily. Investment B offers the rate of return of 10% per year, compounding quarterly. Help Linda choose the better investment by calculating Effective Annual Interest Rate (EAR).
ANSWER b):
The amount of weekly repayment Linda needs to make for the mortgage is $660.69.
How to find?Calculating the amount of weekly repayment Linda needs to make for the mortgage.
Weekly Repayment.
The weekly repayment can be calculated using the below formula: Weekly repayment= (P×i×(1 + i)n)/((1 + i)n − 1).
Where, P= principal amount
= $350,000
I = Interest rate per year
= 2.45%
= 0.0245/52 per week
n = Time in years×52
= 30×52
= 1560 weeks
Weekly repayment= ($350000×0.0245/52×(1+0.0245/52)1560)/((1+0.0245/52)1560−1)
≈ $660.69.
Therefore, the amount of weekly repayment Linda needs to make for the mortgage is $660.69. Answer: $660.69
b) Linda is considering two investment offers for saving up money to pay off her mortgage in 10 years.
Investment A offers the rate of return of 9.95% per year, compounding daily.
Investment B offers the rate of return of 10% per year, compounding quarterly.
Help Linda choose the better investment by calculating Effective Annual Interest Rate (EAR).
Effective Annual Interest Rate (EAR)EAR is the actual annual interest rate earned due to the effect of compounding over a given period.
EAR can be calculated using the below formula:
EAR= (1 + i/n)n − 1,
Where, I = Nominal interest rate per year
n= Number of compounding periods per year Investment .
A offers the rate of return of 9.95% per year, compounding daily.
Therefore ,n= 365 days/year Compound frequency,
f= n/365
= 365/365
= 1 day
i= 9.95% per year
EAR A= (1+9.95%/365)365-1
EAR A ≈ 10.396%
Investment B offers the rate of return of 10% per year, compounding quarterly.
Therefore, n = 4 (quarterly)
Compound frequency,
f= n/4=
4/4= 1
I = 10% per year,
EAR B= (1+10%/4)4-1
EAR B ≈ 10.381%.
Since EAR A is greater than EAR B, Linda should choose Investment A for saving up money to pay off her mortgage in 10 years.
Answer: 10.396% (Investment A)
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The complete question is -
Linda decided to borrow $350,000 from a bank to buy her dream house. She approached Prosperity Bank and they offered Linda the following mortage package: interest rate of 2.45 % per year, weekly repayment, for 30 years. Required: a) Calculating the amount of weekly repayment Linda needs to make for the mortgage. ANSWER:
b) Linda wishes to have solar panels installed on the house roof. The solar panel provider offers her a payment package of $120/month at the end of each month for 2.5 years. Given the interest rate is 3.0%, calculate the present value of the payment package. ANSWER:
c) Linda is considering two investment offers for saving up money to pay off her mortage in 10 years. Investment A offers the rate of return of 9.95% per year, compounding daily. Investment B offers the rate of return of 10% per year, compounding quarterly. Help Linda choose the better investment by calculating Effective Annual Interest Rate (EAR).
While average return Next question seems to be a reasonable measure of risk when evaluating a large portfolio, the OA. mode, volatility OB. mode, mean return OC. the mean return, standard deviation OD. volatility, volatility of an individual security does not explain the size of its see see
The option that best completes the statement is: D. Volatility, volatility of an individual security does not explain the size of its average return. While average return is a reasonable measure of risk when evaluating a large portfolio, the volatility of an individual security does not explain the size of its average return.
Why average return is a reasonable measure of risk when evaluating a large portfolio?While average return is a reasonable measure of risk when evaluating a large portfolio, it is not the only measure that an investor should use. It is significant because it provides a rough estimate of the portfolio's overall risk and return.
The average return indicates the return that the investor would earn if they invested the same amount in every security in the portfolio. It reflects the portfolio's overall performance, which is an important consideration when evaluating its risk since investors seek to get the maximum return for the minimum amount of risk.
What is the role of volatility in the risk measurement of an individual security?Volatility plays a crucial role in the risk measurement of an individual security, but it does not explain the size of its average return.
It measures the security's price fluctuations over a certain period of time and provides an indication of how much the price may vary from its mean value.
The greater the volatility of a security, the more risky it is considered, and the more likely the investor is to lose money on their investment.
Hence, option d. is correct.
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A list showing the amount due from each customer as of a specified date is known as a a. trial balance. b. work sheet. c. schedule of accounts receivable. d. schedule of accounts payable.
A list showing the amount due from each customer as of a specified date is known as a schedule of accounts receivable. Option c is correct.
This is an important document in accounting that summarizes all of the outstanding customer invoices and unpaid balances as of a specific date. A schedule of accounts receivable is a document that provides a list of all the outstanding customer invoices and unpaid balances as of a specific date. It's a common practice for businesses to prepare this document at the end of each accounting period.
The schedule of accounts receivable is an important part of a company's financial statements and is used to determine the total amount of accounts receivable outstanding. This is a crucial factor for businesses as it helps them to understand their cash flow and liquidity position.
Option c is correct.
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EXPLAIN THE CONCEPTS OF MARKETING TO SOMEONE WHO HAS NO CLUE WHAT MARKETING IS LIKE MYSELF
Marketing is a broad concept that involves various activities aimed at promoting products or services, attracting customers, and ultimately achieving business goals.
Marketing is the strategic process of identifying, creating, communicating, and delivering value to customers. It involves understanding customer needs and wants, developing products or services that satisfy those needs, and effectively promoting and distributing them in the market. Marketing encompasses a range of activities, including market research, product development, pricing, advertising, sales, and customer relationship management.
At its core, marketing aims to connect businesses with their target audience by effectively communicating the value and benefits of their offerings. It involves creating awareness, generating interest, and influencing customer behavior. Through market research, marketers gather insights about consumer preferences, market trends, and competitors to develop effective marketing strategies. These strategies may include identifying target markets, positioning products or services, determining pricing strategies, and developing promotional campaigns.
Marketing also involves building and maintaining customer relationships. This includes understanding customer needs and preferences, providing excellent customer service, and implementing strategies to retain existing customers and attract new ones. By understanding and meeting customer demands, businesses can gain a competitive edge and achieve their financial and organizational objectives.
In summary, marketing plays a crucial role in business success by helping companies understand their customers, develop products or services that meet their needs, and effectively promote and distribute them in the market. It is a dynamic and multifaceted field that requires strategic thinking, creativity, and a deep understanding of consumer behavior and market dynamics.
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Chapter 10 of the course textbook discusses the importance of conducting risk assessments (RAs). Darril Gibson defines an RA as a point-in-time report used to compare current risks against the controls that are already in place. Although it is beneficial to conduct an RA often, there are challenges to conducting quantitative RAs. For this week's discussion, you will consider the benefits and challenges of risk assessments with your peers.
In your initial post:
Using the internet, find an example of an adverse IT event that was likely a result of failed risk assessment and planning processes.
As you write your post, consider the following:
Would a qualitative or quantitative RA have been more effective in preventing the risk? Why?
What controls would have been best to implement? Why?
In what ways did senior management's attitude toward risk influence how the RA was conducted?
How should the company change its RA in the future to prevent this risk from occuring again?
The adverse IT event have selected the Equifax data breach in 2017. This breach occurred due to a failed risk assessment and planning process.
The Equifax data breach occurred in 2017, where sensitive information of over 147 million Americans was stolen, including social security numbers, dates of birth, and other personal information. As a result of this data breach, several lawsuits were filed against Equifax, and senior management had to appear before Congress for questioning. In this context, a quantitative RA would have been more effective in preventing the risk. To prevent this data breach, the following controls would have been best to implement: Multi-factor authentication should have been implemented to protect access to data. Encryption should have been used to protect sensitive data. Auditing of access to sensitive data should have been implemented.
Senior management's attitude toward risk influenced how the RA was conducted. Senior management may have been more focused on maximizing profits and cutting costs, which may have affected how the risk assessment was conducted. Senior management may not have allocated the necessary resources to the risk assessment process, and this may have led to a failure in the risk assessment process.
The company should change its RA in the future to prevent this risk from occurring again by conducting regular quantitative RAs. The company should also allocate the necessary resources to the risk assessment process and implement the controls mentioned above. The company should also ensure that the risk assessment process is not affected by the attitude of senior management towards risk.
Therefore, this is the correct answer.
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Sage Hill Corporation has the following cost records for June 2022. Indirect factory labor $5,100 Factory utilities Direct materials used 22,000 Work in process, 6/1/22 3,300 Work In process, 6/30/22 4,200 Finished goods, 6/1/22 5,500 Finished goods, 6/30/22 8,250 Depreciation, factory equipment Direct labor Maintenance, factory equipment Indirect materials used. Factory manager's salary $450 1,550 44,000 2,000 2,550 3,300 Prepare an income statement through gross profit for June 2022 assuming sales revenue is $100,700. SAGE HILL CORPORATION Income Statement (Partial) $ -712.5 III
The gross profit for Sage Hill Corporation for June 2022 is $23,850.
How to solve for the Gross profitDirect Materials = $22,000
Direct Labor = $44,000
1. So, Total Manufacturing Costs = Direct Materials + Direct Labor + Manufacturing Overhead
= $22,000 + $44,000 + $14,500
= $80,500
2. Cost of Goods Manufactured
= Total Manufacturing Costs + WIP (Beginning) - WIP (Ending)
= $80,500 + $3,300 - $4,200
= $79,600
Cost of Goods Manufactured + Finished Goods (Beginning) - Finished Goods (Ending)
= $79,600 + $5,500 - $8,250
= $76,850
Gross Profit: Sales Revenue - Cost of Goods Sold
= $100,700 - $76,850
= $23,850
So, the gross profit for Sage Hill Corporation for June 2022 is $23,850.
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The Income Statement for Sage Hill Corporation for June 2022 is $65,500.
Sales revenue $100,700 Cost of goods sold:
Direct materials used $22,000
Direct labor $1,550
Indirect factory labor $5,100
Factory utilities $2,000
Maintenance, factory equipment $3,300
Depreciation, factory equipment $712.5
Indirect materials used $2,550
Total cost of goods sold $37,712.5
Gross profit $63,987.5
Cost of goods sold is the total cost incurred in making or purchasing a product for sale. It includes the cost of direct materials, direct labor, and overheads. Using this data, we can prepare the Income Statement for the company.
Sales revenue is given as $100,700. This is the revenue generated by the company by selling its products. The cost of goods sold can be calculated as follows:
Cost of goods sold = Direct materials used + Direct labor + Indirect factory labor + Factory utilities + Maintenance, factory equipment + Depreciation, factory equipment + Indirect materials used
Cost of goods sold = $22,000 + $1,550 + $5,100 + $2,000 + $3,300 + $712.5 + $2,550 = $37,712.5
Gross profit can be calculated by subtracting cost of goods sold from sales revenue.
Gross profit = Sales revenue - Cost of goods sold Gross profit
= $100,700 - $37,712.5 = $65,500
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On November 1, 2020, Coronado Company adopted a stock-option plan that granted options to key executives to purchase 39,000shares of the company's $9par value common stock. The options were granted on January 2, 2021, and were exercisable 2 years after the date of grant if the grantee was still an employee of the company. The options expired 6 years from date of grant. The option price was set at $30, and the fair value option-pricing model determines the total compensation expense to be $585,000. All of the options were exercised during the year 2023:26,000 on January 3 when the market price was $69, and 13,000on May 1 when the market price was $80a share. Prepare journal entries relating to the stock option plan for the years 2021, 2022, and 2023. Assume that the employee performs services equally in 2022 and 2023. (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. Round intermediate calculations to 5 decimal places, e.g. 1.24687 and final answers to O decimal places, e.g. 5.125.)
2021:
No journal entry is required in 2021 since the options were granted on January 2, 2021, and the options are not exercisable until 2 years from the grant date.
2022:
No journal entry is required in 2022 since the options are not exercisable until 2 years from the grant date.
2023:
Jan 3, 2023:
Stock Options Expense $1,170,000 (39,000 shares * $30)
Additional Paid-in Capital - Stock Options $1,170,000
To record the compensation expense related to the exercise of 26,000 stock options on January 3, 2023.
Jan 3, 2023:
Cash $1,794,000 (26,000 shares * $69)
Common Stock $234,000 (26,000 shares * $9)
Additional Paid-in Capital - Common Stock $1,560,000
To record the exercise of 26,000 stock options on January 3, 2023, at a price of $30 per share, resulting in the issuance of common stock.
May 1, 2023:
Stock Options Expense $390,000 (13,000 shares * $30)
Additional Paid-in Capital - Stock Options $390,000
To record the compensation expense related to the exercise of 13,000 stock options on May 1, 2023.
May 1, 2023:
Cash $1,040,000 (13,000 shares * $80)
Common Stock $117,000 (13,000 shares * $9)
Additional Paid-in Capital - Common Stock $923,000
To record the exercise of 13,000 stock options on May 1, 2023, at a price of $30 per share, resulting in the issuance of common stock
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