When managers base decisions on what has worked in the past and fail to explore new options, they are perpetuating the status quo.
The status quo bias is a type of cognitive bias which involves different people preferring the things that stay as they are or that the current state of affairs remains the same.
This bias can have a good effect on human behavior, but status quo bias is also a topic of interest in other fields such as sociology, politics, and economics too.
One can look for ways to reduce the bias in the choices you make each and every day by being aware of how the status quo bias influences the decisions and behaviors.
The status quo bias can make many people resistant to change, but it can also do have a powerful effect on the decisions made by them.
The term "status quo bias" was first given by researchers William Samuelson and Richard Zeckhauser in 1988.
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He wacc is the appropriate discount rate for use with ______ projects but should be adjusted ______ for higher risk ones
The WACC is the appropriate discount rate for use with average projects but should be adjusted upward for higher-risk ones.
Securities analysts may use WACC when evaluating the value of investment opportunities. For example, in discounted cash flow analysis, as a discount rate for future cash flows, he can apply WACC to derive the net present value of the firm.
Using the WACC discount rate makes the present value of investment appear higher than it actually is.
Businesses typically use the weighted average cost of capital (WACC) as the discount rate. This is to take into account the rate of return expected by shareholders. DCF has limitations. Primarily, it relies on estimates of future cash flows that may be inaccurate.
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When firms determine how much investment spending to make, they will strongly consider?
According to Keynes, businesses will strongly weigh macroeconomic externality when deciding how much investment spending to make. Economy of Zambezi, hypothetical nation, is running at its potential and seeking to increase output levels. When a good or service is produced or consumed in an economy, externalities happen,
when those actions have effect on party that is not directly investment in those activities. When the production or consumption of a particular good or service has an impact on third party who 's not directly connected to production or consumption of that good or service, it is often considered be technical externality.
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A company's balance sheet shows: cash $38,000, accounts receivable $24,000, office equipment $58,000, and accounts payable $25,000. What is the amount of owner's equity?
The amount of owner's equity is $95,000.
Owner's equity = Total assets - Liabilities
= $38,000+ $24,000 + $58,000 - $25,000
= $95,000
At the end of an accounting period, owner's equity is recorded in the balance sheet. It is calculated as the difference between total assets and total liabilities. The closing equity balance is carried forward and used as the first balance of the next year.
Owner's equity is shown as a net amount on the balance sheet because, in addition to contributing capital to the business, owners can withdraw some funds. The balance sheet's left side displays the assets, and the right side displays the liabilities and owners' equity.
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New steel products has total assets of $820,470, a total asset turnover rate of 1. 39, a debt-equity ratio of 2. 8, and a return on equity of 0. 34 percent. What is the firm's net income?
The firm's net income is $114,045,330.
Total Asset Turnover = Sales / Assets
or, 1.39 = Sales / $820,470
Sales = $820,470 × 1.39 = $1,140,453.3
Now,
Equity Multiplier
= Assets / Equity
= (Debt + Equity) / Equity
= (2.8 + 1) / 1
= 3.8
(Debt equity ratio has been used here)
As per Dupont Analysis,
ROE = Profit margin x Asset Turnover x Equity Multiplier
or, 0.34% = Profit Margin x 1.39 x 3.8
Profit Margin = 5.282%
Profit Margin = Net Income / Sales x 100
5.282% = Net Income / $1,140,453.3 x 100
Thus, Net Income = $114,045,330
Net income is an amount which an individual or business makes after deducting costs, taxes, and allowances. Thus, net income is what the business has left over after all its expenses.
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The text provides an example of an organization implementing change in order to stay current as?
The text provides an example of an organization implementing change in order to stay as current as Go ogle.
They provide "high-level" guidance and leave it up to change managers to decide how to apply that advice in their particular context.
Common synonyms for Crowd include Crowd, Horde, Mob, and Crowd. All of these words mean "gathered crowd", but crowd means close gathering and crowding. A crowd gathered.
Medicaid is the largest source of funding (through patient income and additional payments) for community health centers and public hospitals, a national provider of safety nets that serve the poor and uninsured.
Among the directed changes are three different types of change organization implementation: development, migration, and conversion management.
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A plan that formalizes the overall goals and objectives of a company in financial terms is called a?
A plan that formalizes the overall goals and objectives of a company in financial terms is called a master budget.
What is a budget?This refers to the proposed revenue to be earned and expenses to be incurred by an organization in the coming year. The goals of a budget is to have an overview of expected cost or to even attain certain goals.
A company may budget it's expenses for an entire year and after the budget period look back towards seeing how well they performed as regards keeping to their budget hence helps in Performance monitoring.
Budgets can be categorized into:
Personal BudgetCorporate BudgetGovernment Budget Master BudgetOperating BudgetIt is important to note that budget allows one to oversee and better understand whether a business or company has enough revenue to cover its expenses.
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The demand and supply functions for good x are given as follows: qdx=28-1/2px and qsx=1/4px-2 what is the consumer surplus when the market is at equilibrium
Consumer surplus is the space between the rate that purchasers are willing to pay—based on their choices—and the marketplace equilibrium price.
The regulation of demand says that at higher fees, customers will call for much less of a monetary excellent. The regulation of supply says that at better prices, sellers will deliver more of a financial desirable. these laws engage to determine the real market charges and extent of products that are traded on a market.
The demand feature is what describes a dating between one variable and its determinants. It describes how a good deal amount of goods is bought at opportunity charges of products and related goods, alternative income ranges, and alternative values of different variables affecting call for.
Deliver and demand have a critical dating because together they determine the fees and portions of maximum items and services to be had in a given marketplace. consistent with the principles of a market economic system, the relationship between supply and demand balances out at a factor within the future.
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Each stage of the vertical value chain typically represents a distinct ________ in which a number of different firms are competing.
Each stage of the vertical value chain typically represents a distinct industry in which a number of different firms are competing.
An industry is a group of companies related by their primary business activities. There are dozens of industrial classifications in the modern economy. Industry classifications are usually grouped into larger categories called sectors.
Industries are usually classified according to the goods and services they produce. For example, the pizza industry includes all producers who produce pizza and sell it on the market. It is important to note that in order for a pizza maker to belong in the pizza industry, the products they make must be marketed.
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What is a time-phased stock-replenishment plan for all levels of the supply chain?
a. mrp
b. bom
c. drp
d. mrp
DRP is a time-phased stock-replenishment plan for all levels of the supply chain.
What is Disaster Recovery Plans?
Disaster Recovery Plans (DRP) are a thorough list of steps to be followed before, during, and after a disruptive event results in the loss of availability of Information Systems.They are a bridge between DRP and BCP. When an information system disaster happens, the main goal is to quickly create an alternative processing site and return to the original site.As opposed to the Business Continuity Plans (BCP), which propose a more thorough strategy for dealing with the restoration of computer systems, along with all accompanying software and connections, to full functionality under a variety of harmful or disruptive external conditions that businesses occasionally encounter.To know more about Disaster Recovery Plans with the given link
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Your campus computer store reported sales revenue of $168,000. the company's gross profit percentage was 60. 0 percent. what amount of cost of goods sold did the company report?
The amount of cost of goods sold by the company reported was $67,200.
Given,
Campus computer store sales revenue - $168,000
Gross profit percentage - 60%.
Thus,
Gross profit= sales revenue - cost of goods sold
Sales - $168,000
Cost of goods sold - ?
Gross profit = $168,000 * 0.6 = $100,800
Cost of goods sold = $168,000 - 100,800
Therefore, Cost of goods sold = $67,200
Cost of goods sold is the total of all costs which is used in order to create a product or service, which has been sold. Cost of Goods Sold measures the direct cost incurred in the production of any goods or services.
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Which characteristic of competitive markets is mainly responsible for firms making zero economic profits in the long run?
Easy entry into and exit characteristic of competitive markets is mainly responsible for firms making zero economic profits in the long run.
What is profits?Profit is defined as the financial benefit obtained when the income generated by a commercial activity exceeds the expenses, costs, and taxes associated with the activity in question.
Profit is the amount of money left over after all expenses have been paid. Gross profit, operating profit, and net profit are the three types of profit. The profit margin demonstrates how effectively a company uses revenue. Profit is the driving force behind capitalism and free-market economies. Profits rise when revenue rises and costs fall.
The profit formula is expressed as a percentage, with all expenses deducted from sales and the result divided by sales.
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In firms with multiple sbus, the first step in strategic planning is for top management to?
In firms with multiple sbus, the first step in strategic planning is for top management to establish a mission for the entire corporation.
Strategic planning is that process in which an organization's leaders first of all define their vision for the future and after defining the future vision they identify their organization's goals and objectives.
The process of strategic planning includes establishing the sequence in which the goals defined by the organization should be realized so that the organization can reach its stated vision in future.
Strategic planning generally represents mid to long-term goals with a life span or time period of two to five years, however it can go longer too.
This is different than business planning. Business planning typically focuses on short-term and tactical goals only. The time covered by a business plan can be from several months to several years.
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If an asset is long-lived and is used in a productive manner in a business, it will be classified as a(n):_____.
a. investment.
b. fixed asset.
c. intangible asset.
d. expense.
It will be known as the fixed assets.
Fixed assets are the goods that a corporation intends to employ in the long run to create the revenue. Fixed assets are also known as the property, plant, and the equipment. Any asset that is expected to be converted to cash or utilized within a year is considered a current asset.
In addition to fixed assets, the noncurrent assets include intangibles and long-term investments. Fixed assets are depreciated to account for the value loss as they are utilized, whereas intangibles are amortized.
Therefore, the correct option is b. fixed assets.
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One of the disadvatages of using historical returns to estimates the market risk premium is that the past may not be good guide to?
One of the disadvantages of using historical returns to estimate the market risk premium is that the past may not be a good guide to when economic conditions change quickly
the question is incomplete .please read below to find the missing content
One of the disadvantages of using historical returns to estimate the market risk premium is that the past may not be a good guide to the future:
ever
when the economic conditions are relatively stable
when economic conditions change quickly
Economics studies scarcity and its effects on the use of resources, the production of goods and services, the growth of output and wealth over time, and many other complex issues important to society.
Results Example: As the corn yield increases, farmers reduce the price of their crops so that they can sell their produce. If the supply is too much than the demand, that is, too much corn is needed to feed the people of the country, the produce is forced to waste and the farmers lose their production costs.
The economy plays a role in our daily lives. The study of economics allows us to understand past, future, and present models and apply them to societies, governments, businesses, and individuals.
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Rodriguez corporation issues 14,000 shares of its common stock for $263,800 cash on february 20. prepare journal entries to record this event under each of the following separate situations. the stock has a $18 par value. the stock has neither par nor stated value. the stock has a $9 stated value.
Common stock = 9,000 shares × $18 per share = $162,000
Paid-in capital excess of par value, common stock = $190,400 – $162,000 = $28,400
Common stock = 9,000 shares × $9 per share = $81,000
Paid-in capital in excess of stated value, common stock = $190,400 – $81,000 = $109,400
What is shares?A share is a financial market unit used in mutual funds, limited partnerships, and real estate investment trusts. The term "share capital" refers to all of an enterprise's shares. The owner of company stock is a shareholder of the corporation.
A company's shares signify its ownership. When a person purchases stock in your company, they become a shareholder. Shareholders elect who manages a firm and participate in critical decisions such as whether a company should be sold.
An online stockbroker is the most convenient way to purchase stocks. You can buy stocks on the broker's website in minutes after opening and financing your account. Another alternative is to use a full-service stockbroker.
Journal entries:
Cash 190,400
Common stock, $18 par value 162,000
Paid-in capital in excess of par value, common stock 28,400
2 Cash 190,400
Common stock, no-par value 190,400
3 Cash 190,400
Common stock, $9 stated value 81,000
Paid-in capital in excess of stated value, common stock 109,400
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Keynesian economists begin with the assumption that the state should regulate economic policy for everyone's benefit. Why might sociologists who use market-oriented theories be critical of this idea
Keynesian economists believe that markets without state interference lead to the best economic outcomes.
Keynesian economics includes a macroeconomic principle of total spending in the financial system and its effects on output, employment, and inflation. Keynesian economics evolved through British economist John Maynard Keynes all through the Nineteen Thirties a try and recognize first-rate despair.
Keynesian economics are the various macroeconomic theories and models of ways aggregate call for strongly affects financial output and inflation. in the Keynesian view, a combination call does not always same the productive potential of the financial system.
A Keynesian believes that aggregate call is stimulated by way of a host of financial choices—both public and private—and now and again behaves unevenly. the public selections include, most prominently, those on economic and economic (i.e., spending and tax) rules.
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CharCore mixes together wood chips and pine oil. After joint manufacturing costs of $2,000 have been incurred, the mixture separates into two products, granulated charcoal and methyl alcohol. At the split-off point, granulated charcoal can be sold for $5,000 and the alcohol can be sold for $9,000. The charcoal can be further processed at a cost of $6,000 to make air filters which could be sold for $15,000. The alcohol can be further processed at a cost of $7,000 to make a cleaning solvent which could be sold for $14,000. What is the net increase (decrease) in operating income from cleaning solvents?
Net increase in operating income from cleaning solvents is $4,000.
Additional revenue from further processing:
$15,000 - $5,000 = $10,000
Net increase:
$10,000 - $6,000 = $4,000
Revenue is the money earned from normal business operating and is calculated by multiplying the average sales price by the number of units sold.
The Net income is calculated by deducting costs from revenue . On the income statement, revenue is also known as a sales. Operating income is a company's adjusted revenue after deducting all operating expenses and depreciation. The costs incurred in order to keep the business running are referred to as the operating expenses.
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The goals of the Federal Reserve when it decreases the discount rate are to (select all that apply) ______.
The goals of the Federal Reserve when it decreases the discount rate are to increase the money supply by lowering the discount rate.
What is the goal of the Federal Reserve Bank ?Adjusting the discount rate by the reserve usually help central banks such as the Fed in reducing liquidity problems as well as the pressures of reserve requirements.
In this case, , control the supply of money in the economy as well as basically assure stability in the financial markets will be achieved.
The Federal Reserve can increase the money supply through the lowering the discount rate because Lowering the discount rate gives depository institutions a greater incentive to borrow.
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The ________ details how the business expects to go from the beginning cash balance to the desired ending cash balance.
The Cash Budget details how the business expects to go from the beginning cash balance to the desired ending cash balance.
What is cash budget and why is it important?
A financial budget is crucial, particularly for smaller businesses. It enables a business to decide how much credit it can provide to clients without experiencing liquidity issues. A cash budget assists in preventing a cash crunch during times when a business faces a large volume of expenses.
What are the two components of cash budget?
Income and Expenses are two main components of cash budget. The beginning balance displays your financial situation before you've taken into account any expenses or additional income. Any funds that your company receives, such as sales receipts, are considered cash collections. Cash disbursements demonstrate where you must spend some of your funds, like on employee compensation.
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Applying the concept of marginal costs, how would you, as a business owner, decide how much to produce?.
To compute marginal cost, divide the change in production costs by the change in quantity. The objective of analyzing marginal cost is to specify at what point an organization can gain economies of scale to optimize production and general operations.
What is marginal cost?
The marginal cost exists as the change in the total cost that occurs when the quantity produced stands incremented, the cost of producing an additional quantity. Marginal cost exists as the added cost to produce an additional well. This exists then the marginal cost: how much it costs to produce one additional unit of a good or service. The costs of production define the marginal cost.
To compute marginal cost, divide the change in production costs by the change in quantity. The objective of analyzing marginal cost is to specify at what point an organization can gain economies of scale to optimize production and general operations. Companies utilize marginal analysis as a decision-making instrument to assist them to maximize their potential profits. Marginal guides focus on the cost or use of the next unit or individual, for example, the cost to produce one more additional widget or the profit gained by adding one more worker.
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_____ includes assessing the potential value the system can create for the organization and value-loss risks
Economic feasibility includes assessing the potential value the system can create for the organization and value-loss risks. The correct answer is option(d).
The period of time when a break-even financial model of the business venture is developed based on all costs related to bringing the product from idea to market and achieving sales sufficient to satisfy debt or investment requirements is known as the economic feasibility step of business development.
The development of your projects depends on their economic viability. Thro This is the goal of an economic feasibility study (EFS). ugh forecasts, this research enables you to see the possible return on investment in real-time. You will find it simple to decide whether to move forward with the project in this way.
The goal of an economic feasibility study (EFS) is to show the overall net benefit of a proposed project for accepting or disbursing electronic cash or benefits, taking into account the costs and advantages to the agency, and other state agencies, and the general public.
The complete question is:
_____ includes assessing the potential value the system can create for the organization and value-loss risks.
A)organizational feasibility
B)technical feasibility
C)system feasibility
D)economic feasibility
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The high-income economies of the world contain approximately __________ of the world’s population and produce and consume ___________ of the world’s gdp.
The high-income economies of the world include approximately 12% of the world’s population and produce and consume 60% of the world’s GDP.
What is GDP?The gross domestic product stands as a monetary measurement of the market value of all the final goods and services produced in a distinctive period by countries. Due to its complex and subjective nature, this measure exists often revised before being deemed a reliable indicator.
Gross domestic product (GDP) stands for the total monetary or market value of all the finished goods and services constructed within a country's borders in a typical period. GDP measures the worth of the final goods and services produced in the United States (without double counting the middle goods and services used up to produce them).
The high-income economies of the world include approximately 12% of the world’s population and produce and consume 60% of the world’s GDP.
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Industrialized former colonial states that dominate the world economic system are?
You happen to believe that the market downturn is overdone, and that the economy will rebound strongly. if the capm holds, what does this imply about your portfolio allocation?
If the CAMP holds, these days in particular, international stocks are too volatile to hold in a diversified portfolio.
As the economic downturn has caused many firms to streamline their production activities, and focusing on a single product line, the Capital Asset Pricing Model (CAPM) is less useful than it once was, when firms had more diversified lines of business.
In order to test whether the alpha of any portfolio is statistically different from zero, one test of the CAPM is necessary. Thus, with the available stock returns data, the regression would be run.
Hence, these days international stocks are too volatile to hold in a diversified portfolio.
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Help how do you do this
Based on the Real GDP growth rate and the annual rate of population growth, the rate of growth per capita real GDP is 4%
What is the growth rate for Real GDP per capita?This can be solved for by the formula:
= Growth rate of real GDP - Population growth rate
Solving gives:
= 7% - 3%
= 4%
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Municipal bonds are most attractive to residents of states with high income tax rates.
a. true
b. false
The statement is True. Municipal bonds are most attractive to residents of states with high-income tax rates.
Municipal securities, or "munis," are bonds issued via states, towns, counties, and other governmental entities to raise cash to construct roads, faculties, and a host of other initiatives for the public right.
A municipal bond, normally called a muni, is a bond issued by country or neighborhood governments, or entities they create which include government and unique districts. Inside the USA, hobby income received by way of holders of municipal bonds is regularly, however now not usually, exempt from federal and state earnings taxation.
On the plus side, relatively-rated municipal bonds are normally very secure investments compared to nearly some other investments. The default price is tiny. as with any bond, there is an interest price threat. In case your money is tied up for 10 or 20 years and hobby prices upward thrust, you'll be stuck with a terrible performer.
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As a group, oligopolists would always be better off if they would act collectively.
As a group oligopolists would always be better off if they would act collectively as a single monopolist.
Why do oligopolists act together?
By acting together oligopolistic firms can hold down industry output, charge a higher price, and divide up the profit among themselves.When firms ac t together in this way to reduce output and keep prices high, it is called collusion.What are the advantages of oligopoly?
An oligopoly can adopt a competitive strategy.The extra profits earned from an oligopoly can go into research and development.It can bring price stability to the market.Oligopolies can offer more information to their consumers.Learn more about oligopoly here:
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Able to "read a room" and diffuse situations before they get out of hand. She has a knack for making people feel comfortable and helping opposing sides compromise. Trudie has a strong?
Trudie has a strong emotional intelligence.
What exactly is EQ or emotional intelligence?
The capacity to recognize, use, and regulate your own emotions in order to reduce stress, communicate clearly, sympathize with others, overcome obstacles and diffuse conflict is known as emotional intelligence (EQ).
You can develop stronger relationships, perform well at work and school, and reach your professional and personal objectives with the aid of emotional intelligence. Additionally, it can assist you in establishing a connection with your emotions, putting your intentions into practice, and choosing what is most important to you.
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If a beneficiary is enrolled in a ma-only hmo and they also sign up for a pdp plan, they will be automatically dropped from their ma plan. True or false?.
If a beneficiary is enrolled in a MA-only HMO and they also sign up for a PDP plan, they will be automatically dropped from their MA plan. The statement is True.
Who is a Beneficiary?A beneficiary in the broadest sense is a natural person or other legal entity who receives money or other benefits from a benefactor.For example, the beneficiary of a life insurance policy is the person who receives the payment of the amount of insurance after the death of the insured.The majority of beneficiaries may be set up to specify who gets the assets once the owner(s) pass away.The assets will likely go to the contingent beneficiaries, nevertheless, if the principal beneficiary or beneficiaries pass away or fail to meet the requirements.A benefactor may employ further limitations, such as the need that the recipients be married, or more inventive ones, in an effort to regulate their behavior. Trusts permit any limits that are not against the law or serve an unlawful goal, unlike some situations, such as retirement funds, which do not permit any restrictions once the primary beneficiaries pass away.To know more beneficiary about with the given link
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In direct relation to landrum's employer strategies for filling a job vacancy, being an intern, volunteer, and/or accepting a lower-level position can be a good idea because?
In direct relation to Landrum's employer strategies for filling a job vacancy, being an intern, volunteer, and/or accepting a lower-level position can be a good idea because employers hire or promote from within.
A direct relation shows the direct relationship between two quantities. A direct relationship means that both variables increase together or both decrease together. In a direct relationship, A only increases when B increases. direct relation is an association between two variables such that they rise and fall in value together.
A relationship is said to have direct relation only and only when one variable changes and the second variable changes proportionally.
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