Most people still enjoy work and want to excel at it. remaining with a single employer is a top priority.
Which of the following is a human resource dilemma that businesses must resolve as a result of globalization?
Because of globalization, businesses must now weigh a complex range of factors relating to many geographies, including various cultures, employment regulations, and business practices, as well as the security of personnel and facilities abroad.
Which of the following is not the main effect that technology has had on human resource management?
It has reduced the importance of managers in leading staff. The provision of a direct access to job sources like Monster.com is excluded from the operational influence of information technology on HRM.
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Determine the missing amounts in each of these four separate situations a through d.
Supplies available-prior year-end
Supplies purchased during current year
Total supplies available
Supplies available-current year-end
Supplies expense for current year
$
a
225 $
1,575
1,800
(675)
b
1,193 $
4,056
5,249
893
C
1,014
(1,494)
6,608
d
4,656
(800)
5,231
The missing amounts in each of these four distinct circumstances, a through d, are calculated as follows:
a b c d
Supplies available-prior year-end $2,816 $625 $4,375 $3,313
Supplies purchased (current year) 11,264 11,864 5,000 14,577
Total supplies available $14,080 $12,489 $9,375 $17,890
Supplies available-current year-end (1,075) (3,296) (800) (12,439)
Supplies expense for current year $13,005 $9,193 $8,575 $5,451
What are end-of-year adjustments?In order to ensure that the year-end financial reports accurately reflect the company's accounts in line with the accrual concept and the matching principle of US GAAP, changes are made to the items of the balance sheet and income statements.As a result, the missing quantities have been found. However, because the query was incomplete, the amounts may not be exact.When a fiscal year comes to a conclusion, ear-end adjustments are journal entries made to various general ledger accounts in order to produce a set of books that complies with the relevant accounting framework.To Learn more About distinct circumstances Refer To:
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Big Derrick Energy is an oil-drilling company that utilizes a ________ wherein Derrick operators who exceed their performance targets will earn a bonus in addition to their regular pay.
Multiple Choice
O skimming profit margin
O entitling employee payment
O sliding pay scale
O differential rate system
Big Derrick Energy is an oil-drilling company that utilizes an "entitling employee payment" wherein Derrick operators who exceed their performance targets will earn a bonus in addition to their regular pay.
Hence, option (b) is correct.
Overtime compensation is calculated by increasing an employee's hourly rate by 1.5 and then multiplying the amount by the number of overtime hours worked. You then double that figure by the amount they earn in a 40-hour workday.
Direct deposit, prepaid debit cards, and paper checks are the most frequent ways of payroll payment to employees. Physical checks can be handwritten or printed, and all that is required is that your company have a checking account with a bank. Pros: They create a paper trail and promptly place stubs in the hands of employees.
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during the program, mr. gould stood near the door at the back of the hall and directed latecomers to suitable seats on the sides of the room.
Mr. Gould was assigned as the doorkeeper during the program and was responsible for directing people who arrived late to find suitable seats in the sides of the hall.
The art of organising and directing a production's creative components to realise a specific vision is known as directing. Any theatrical, cinematic, or television production needs a director since they are in charge of monitoring the entire thing and making sure it is done to the standards they have set. To bring the story to life, the director collaborates with a group of actors, writers, production designers, and other creatives. They must be great communicators, possess strong leadership qualities, and have a sharp eye for detail. A thorough understanding of narrative, character development, and production-related technicalities is necessary for directing.
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One type of data analysis performed on conference calls is textual analysis to evaluate the _____ of management regarding the future potential of the company.
A researcher might, for instance, examine the frequency with which specific terms are used in social media posts or the colors that stand out the most in advertisements.
False, textual analysis refers to the act of looking through corporate documents to identify probable objects, properties, processes, and relationships. What is a textual analysis method? Textual analysis is a method for discovering more about how people perceive and express their daily lives by analyzing the words, symbols, and/or images included in texts. Visual, written, and verbal messages all provide cues as to how they should be interpreted. What makes an excellent text analysis example? A researcher might, for instance, examine the frequency with which specific terms are used in social media posts or the colors that stand out the most in advertisements for products aimed at different demographics.
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think about the different groups who are associated with college basketball and football at your school. in addition to the student athletes, there are the coaches, student fans, and others who are spectators at the games. using conflict theory, consider the costs, resources, and rewards that are involved with college basketball and football. write your answers to the following questions:
As a result, refute the null hypothesis and come to the conclusion that the two groups of basketball players' college preparations differ from one another.
The test statistic is within the safe range with a value of 10.57 and a Z result of 1.70, refuting the null hypothesis that there are differences between the two groups of basketball players' college preparedness. What are the alternatives to the null hypothesis? The alternative and null hypotheses are strictly incompatible generalizations about the population. H0 stands for the alternative hypothesis, whereas H1 represents the null hypothesis. The query is unfinished. Please see the accompanying image for a comprehensive explanation of the question. Thus, the null hypothesis that there are differences in the two groups of basketball players' college preparation is refuted by the test statistic, which is within the safe range with a value of 10.57 and Z result of 1.70.
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After the initial step, Grey should list his possible actions related to the new law and evaluate each option for each stakeholder ~ . Using the information from the first two steps, Grey should work with his staff to come to a consensus and develop a plan of action.
Grey's approach should involve:
1. Identifying the stakeholders and their interests.
2. Listing and evaluating possible actions for each stakeholder.
3. Reaching a consensus and developing a plan of action with the staff.
Stakeholder is a term used to describe an individual, group, or organization that has an interest or concern in an organization or project. They can affect or be affected by the outcome of the organization or project. Stakeholders can include customers, employees, suppliers, shareholders, lenders, regulators, and the wider community.
The goals and interests of stakeholders can vary greatly and can sometimes conflict with each other. For example, shareholders may prioritize maximizing profits, while customers may prioritize product quality and safety. As a result, it is important for organizations to consider the needs and concerns of all stakeholders when making decisions.
Effective stakeholder management involves balancing the needs of all stakeholders and ensuring that their interests are taken into account. This can include regular communication and consultation with stakeholders, and incorporating their feedback into decision-making processes.
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as emerging economies such as china, india, russia, and brazil continue to grow, forecasts predict a further relative decline in the share of world output and world exports accounted for by the united states and other long-established developed nations
The given statement is true.
An economy that is developing into a developed market economy is an emerging market economy. Emerging economies are currently industrializing and frequently have a monetary union, stock market, and money system. Due to their quick expansion, emerging market nations can provide investors with higher returns.
Although there are many emerging markets worldwide, the four largest are referred to as the "BRICs" (an acronym for Brazil, Russia, India, and China). Many investors think that because of how stable these markets are, they will eventually overtake the G7 as the country's superpowers.
India is regarded as a soft power and as one of the world's potential superpowers. Numerous factors are considered to be responsible for this potential, with its demographic patterns and quickly growing economy serving as the main ones.
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as the payroll manager for a particular company, your task is to complete the following weekly payroll record. the company pays overtime for all hours worked over 40 at the rate of time-and-a-half. round to the nearest cent when necessary. note: do not round the hourly overtime rate before finding the amount of overtime pay.
The company's total weekly salary is $754.98.
What are the total hours worked for the week?The number of hours worked in excess of the standard 40 hours per week—or, in other words, the overtime—is 47 total hours: (47-40)=7 hours
Overtime rate=regular hour pay*1.5
regular hour pay=$14.95
overtime rate=$14.95*1.5
overtime rate=$22.425
overtime pay for 7 hours=7*$22.425
overtime pay for 7 hours=$156.98
40 hours of regular time multiplied by the hourly rate of regular pay equals regular compensation.
regular pay=$14.95*40
regular pay=$598.00
total pay=regular pay+overtime
total pay=$598.00+$156.98
total pay=$754.98
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which of the following statements about liabilities is true? multiple choice they represent obligations to repay debts. they may increase when assets increase. they are found on the claims side of the accounting equation. all of the answers are characteristics of liabilities.
Liabilities represent obligations to repay debts. Thus, option 'A' is the correct option.
What are liabilities?A liability is defined in financial accounting as the future forfeitures of economic benefits that an entity must make to other entities as a result of previous transactions or other previous events, the resolution of which may result in the transfer or use of assets, the provision of services, or another future yielding of economic benefits. Financial accounting liabilities might be based on equitable duties or constructive obligations rather than having to be legally enforceable.
A responsibility based on moral or ethical principles is referred to as an equitable obligation. Contrary to an obligation that is founded on a contract, a constructive duty is one that is suggested by a particular combination of circumstances.
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which of the following would lead to an increase in gdp for the united states in 2013? i. toyota, a japanese firm, produces cars in kentucky in the first quarter of 2013. ii. a 2013 model year ford fiesta is produced, but sits on a dealer lot until february 2014. iii. $10,000 worth of new-crop washington-grown wheat is exported to japan in october 2013. iv. an international student purchases a ham sandwich from a tempe subway sandwich shop in may 2013 group of answer choices iii and iv
These would lead to an increase in GDP for the united states in 2013:
i. toyota, a japanese firm, produces cars in kentucky in the first quarter of 2013.
ii. a 2013 model year ford fiesta is produced, but sits on a dealer lot until february 2014.
iii. $10,000 worth of new-crop washington-grown wheat is exported to japan in october 2013. i
v. an international student purchases a ham sandwich from a tempe subway sandwich shop in may 2013
ABOUT GDPGross Domestic Product (GDP) or Gross Domestic Product (GDP) is one of the concepts of national income. GDP is the number of products in the form of goods and services, produced by production units within the boundaries of a country (domestic) for one year.
the notion of GDP is the value of a country's goods or services, produced by factors of production belonging to citizens and foreign nationals living in that country.
This means that GDP is also defined as a method of calculating national income. GDP is considered gross , so income derived from the production of goods and services produced by residents of a country who are abroad is not taken into account.
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Sachs Brands's defined benefit pension plan specifies annual retirement benefits equal to 1.5% × service years × final year's salary, payable at the end of each year. Angela Davenport was hired by Sachs at the beginning of 2010 and is expected to retire at the end of 2044 after 35 years' service. Her retirement is expected to span 18 years. Davenport's salary is $93,000 at the end of 2024 and the company's actuary projects her salary to be $295,000 at retirement. The actuary's discount rate is 7%.
Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1)
Required:
What is the company's projected benefit obligation at the beginning of 2024 (after 14 years' service) with respect to Davenport?
Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar.
Estimate by the projected benefits approach the portion of Davenport's annual retirement payments attributable to 2024 service.
What is the company's service cost for 2024 with respect to Davenport?
Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar.
What is the company's interest cost for 2024 with respect to Davenport?
Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar.
Combine your answers to requirements 1, 3, and 4 to determine the company's projected benefit obligation at the end of 2024 (after 15 years' service) with respect to Davenport.
Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar.
1. Projected benefit obligation at the beginning of 2024: $19,170
2. Service cost for 2024: $1,344
3. Interest cost for 2024: $1,344
4. Projected benefit obligation at the end of 2024: $21,909
How did we arrive at our values?Projected benefit obligation at the beginning of 2024:
PBO = Service years * Final year salary * 1.5%
= 14 years * $93,000 * 1.5%
= $19,170
Service cost for 2024:
Service cost = Service years * Final year salary * 1.5%
= 1 year * $93,000 * 1.5%
= $1,395
Interest cost for 2024:
Interest cost = PBO * discount rate
= $19,170 * 7%
= $1,344
Projected benefit obligation at the end of 2024:
PBO at end of 2024 = PBO at the beginning of 2024 + Service cost + Interest cost
= $19,170 + $1,395 + $1,344
= $21,909
Therefore, the correct answers are as given above
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in addition to the falling of boundaries between traditional sectors of the financial industry, another factor which has recently contributed to change in the industry is
In addition to the falling of boundaries between traditional sectors of the financial industry, another factor which has recently contributed to change in the industry is the emergence of new technology.
What is the new technology for financial services?
The new technology for financial services is known as FinTech, which is short for financial technology. FinTech is a combination of software, hardware, products, and services that help companies and individuals to manage their finances more efficiently. It can range from online banking, payment processing, money transfer services, investing, loans, and insurance, to name a few. FinTech has revolutionized the way that people interact with their finances. It has made managing finances easier, faster, and more secure. FinTech has introduced new methods of digital payments, such as blockchain and cryptocurrencies, which have made it easier for people to transfer money between accounts. It has also led to the development of automated investment tools, such as robo-advisors and algorithmic trading, which allow users to make informed decisions with their money. Overall, FinTech has enabled individuals and businesses to access financial services more quickly and securely than ever before. It has opened up new opportunities for entrepreneurs, investors, and financial institutions to create innovative products and services that can help people and businesses make better financial decisions.
By leveraging the power of technology, FinTech has revolutionized the financial industry and changed the way people manage their money.
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Current items can be described as those expected to come due within one ___ (month/year) and are listed in the order of how ___ (quickly/slowly) they could be converted to or paid in cash.
Taxes due, accounts payable, payroll, accumulated costs, dividends issued, and overdrafts on bank accounts are a few examples of current obligations.
Debts that must be repaid during the current fiscal year or operational cycle are referred to as current obligations. An operating cycle is the length of time it takes for a business to sell bought inventory and generate cash. Current debt will be repaid before the conclusion of the fiscal year if the operational cycle is short. Taxes due, accounts payable, payroll, accumulated costs, dividends issued, and overdrafts on bank accounts are a few examples of current obligations. Current liabilities will be paid off within the operating cycle, unless in exceptional circumstances where the operating cycle exceeds one year. To make sure that it can fulfill its commitments, the business must keep an eye on both.
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which of these statements pertaining to cross-border fdi flows is ? the growth of fdi resumed in 2004 and continued through 2006 a surge in fdi from 1995 to 1997 was followed by a slump from 1998 to 2000 among developing nations, the largest recipient of fdi has been russia the dramatic increase in fdi reflects the decreasing internationalization of business corporations
Regarding cross-border fdi flow, the correct comments are that fdi growth began in 2004, and continued through 2006.
What precisely is internationalization?Designing a product so that it may be easily eaten in other nations is known as internationalization. Companies who want to reach outside their native market and into other countries, realizing that consumers there may have different interests or habits, use this method.
What does FDI mean in plain terms?An acquisition of a certain organization's stock by another foreign organization is referred to as a foreign direct investment. Such a company or investor is situated elsewhere than the company whose interest is being boug.
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When three buyers purchase the products of three producers, nine transactions are required. If one intermediary serves both producers and buyers, the number of possible transactions is
a) fifteen. b) five. c) eighteen. d) six. e) twenty.
When three buyers purchase the products of three producers, nine transactions are required. If one intermediary serves both producers and buyers, the number of possible transactions is six. Thus, option d is correct.
What does transactions mean?Any type of business-related or interpersonal interaction is referred to as a transaction. A transaction is completed when you visit the bank, complete the necessary paperwork, and deposit your paycheck.
You can refer to any exchange with another person as a transaction, including the buying or selling of goods, which is a common term for significant business deals. Money, ideas, and even e-mail have all been exchanged in transactions. A contract or accomplishment are both mentioned in the Latin word transactionem. As a result, the term "transaction" was first used to describe the resolution of a dispute in the middle of the 15th century.
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Which three of the following actions can improve your conversion rate?
Don't use negative keywords
Use negative keywords to further refine audience traffic
Use specific keywords for better conversion rates
Use the Search Terms report to reach the right customers
Following are the three actions that can improve your conversion rate:-
Negative keywords can be used to further hone audience traffic. When you employ negative keywords, your advertisement won't appear when a user searches for those particular terms.You can use specific keywords for better conversion rates, you might employ targeted keywords. More often than not, specific keywords have a higher conversion rate than general terms. You can use the Search Terms report to reach the right customers. These reports show you how well your individual keywords are doing, in the form of a list.for marketing plans to be effective, attention must be paid to marketing __, which are the means by which a marketing goal is to be achieved, and marketing ___, which are the day-to-day operational actions of the marketing mix.
For marketing plans to be effective, attention must be paid to marketing Strategy which are the means by which a marketing goal is to be achieved, and marketing tactics, which are the day-to-day operational actions of the marketing mix.
What is marketing mix?A product or service is sold by using the marketing mix, which is a collection of marketing tools or tactics. It involves deciding how to position a product so that consumers will buy it at the ideal location, price, and moment. In accordance with the marketing and promotion strategy, the product will then be sold.
The four Ps—Product, Price, Place, and Promotion—make up the marketing mix's constituent parts. Marketing managers create marketing strategies for the commercial sector while taking into account all four Ps. Today, however, the marketing mix is increasingly including a number of other Ps for critical advancement.
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Fannie Mae and Freddie Mac require an appraiser to base his or her analysis and any adjustments to comparable sales on
predetermined dollar adjustments
standard formulas
personal opi
Fannie Mae and Freddie Mac require an appraiser to base their analysis and any adjustments to comparable sales on predetermined dollar adjustments.
What does sales mean in business?Sales in general business operations refer to any exchanges of money or value for the right to possess a good or get a service. Sales, in the context of accounting, refers to the income generated by a corporation via the sale of goods or services (net sales).
Why are sales skills important?The development of effective sales techniques leads to more in-depth discussions with each customer. Reps that emphasize solutions over products, raise unexpected requirements, and speak to customers' emotions rather than simply their rationale tend to get a greater response from potential clients.
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Question 5 of 10
Your facial expression and tone of voice can show your
or situation.
OA. intelligence
OB. attitude
OC. character
D. findings
about a person
SUBMIT
The most successful method for people to exchange and comprehend each other's thoughts and feelings is face-to-face social communication, Two essential components of facial expression are body language and voice tone.
What parts of face-to-face communication include tone of voice?The three components of communication are body language, voice, and words. Face-to-face communication uses three different elements—body language, voice, and words—to convey information and understanding. But not all three effectively convey the same notion.
What are some instances of how facial expressions are used in communication?Facial expressions include grinning, frowning, rolling of the eyes, making eye contact, scowling, and showing signs of boredom or interest. Other facial gestures, such as widening one's eyes or mouth, could signify eagerness or even alarm.
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which of the following are ways to amortize a loan? multiple select question. pay both interest and principal in one lump sum at maturity pay the interest each period plus some fixed amount of the principal. pay principal and interest every period in a fixed payment. pay only interest every period and pay the principal off at maturity
Pay interest each period plus some fixed amount of principal is a way to amortize loan.
What is amortization?A loan's or an intangible asset's book value may be steadily reduced over time by using the accounting method known as amortisation. Amortization of loans concentrates on extending loan payments over time. Amortization and depreciation are equivalent when referring to an asset. First, by making consistent principal and interest payments, amortisation is a way for paying off debt over time. Amortization is a debt repayment strategy in which set principle and interest payments are made over time in an amount adequate to pay off the loan in full by the maturity date. When payments are made, a larger share of the payment is allocated to the loan's principle rather than initially being allocated more to interest.
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TBS 5- Research You are preparing the tax return for your client, Monte Carlo. Included in his workpapers is Form 1099-C, Cancellation of Debt. Monte explained that due to the poor economy, he has been struggling to make ends meet. In lieu of filing for bankruptcy and because he was not insolvent, he was able to negotiate a settlement with his creditors last year, reducing his debt by $25,000. Monte is not sure if this should be included as income on his tax return. Which section of the Internal Revenue Code best defines the items that constitute gross income?
There are mainly three ways through which a debtor may get the benefit of cancellation of debt either through direct negotiation or through a "Debt relief program" or by filling bankruptcy
The cancellation of debt is recorded using the form 1099-C,and it's reported as an income to be the debtor.
The Gross incomes are defined under Section 61 of the Internal Revenue Code (IRC 61,U.S.C.§61), The gross income is considered to be the starting point for deciding which item of income are taxable for federal income tax purpose.
As per the rules if the income is $600 (from cancellation of debt) or more then the person is required to file the same for Federal tax with the IRS.
The Overall purpose of cancellation of debt is to provide a relief to the distressed debtor, however there are some exception which are not considered as cancellation of debt::
1. Debt cancelled as gift of inheritence
2. Some qualified student loan that meet specific criteria
3. Other education or relief programs that help provide health services
4. Cancelled debt that would be deductible if an individual as a cash basis taxpayer, paid it.
5. A qualified purchase price reduction on a property provided by the seller
6. Pay-For-Performance Success payments that reduce the principal balance of a mortgage under the Home Affordable Modification Program and
7. Amounts of student loans discharged upon the death or disability of the student.
Thus as in our case, our client Monte Carlo needs to report the amount ($25000) as an income from the cancellation of debt using Schedule 1 of form 1040 as other income.
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Knowledge Check 01 Indicate whether each of the following transactions is classified as a financing, investing, or operating activity: Investing activity Purchase equipment Pay salaries to employees Pay dividends to shareholders Sell goods to customers Receive loan from the bank by signing a note The statement of cash flows: Multiple Choice Presents the financial position of a company at a point in time. Indicates if a company is profitable. Shows the net change in cash over a period of time. Reports the difference between revenues and expenses.
A financing activity is any activity that involves the acquisition or disposition of long-term debt and/or equity.
Examples of financing activities include obtaining a loan or issuing stock. An investing activity is any activity that involves the acquisition or disposition of long-term assets.
Examples of investing activities include purchasing or selling equipment, investments in stocks and bonds, and real estate transactions. An operating activity is any activity that involves the production and/or distribution of a company's goods and services. Examples of operating activities include sales, purchases, and payroll expenses.
The purchase of equipment is an investing activity. Paying salaries to employees is an operating activity. Paying dividends to shareholders is a financing activity. Selling goods to customers is an operating activity. Receiving a loan from the bank by signing a note is a financing activity.
The statement of cash flows presents the net change in cash over a period of time. It does not present the financial position of a company at a point in time, nor does it indicate if a company is profitable. It does, however, report the difference between revenues and expenses.
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The demand for chicken wings is more elastic than the demand for razor blades. Suppose the government levies an equivalent tax on chicken wings and razor blades. The deadweight loss would be larger in the market for O a. chicken wings than in the market for razor blades because the quantity of chicken wings would fall by more than the quantity of razor blades O b. chicken wings than in the market for razor blades because the quantity of razor blades would fall by more than the quantity of chicken wings O c. razor blades than in the market for chicken wings because the quantity of chicken wings would full by more than the quantity of razor blades O d. razor blades than in the market for chicken wings because the quantity of razor blades would fall by more than the quantity of chicken wings.
Deadweight loss would be larger in the market for chicken wings because the quantity of chicken wings would fall by more than the quantity of razor blades: option(a)
Tax has a deadweight loss because it drives consumers and sellers to alter their behavior. Buyers pay more due to the tax, which results in decreased consumption. In addition, tax reduces the price sellers receive, and fewer goods are produced.
The degree to which sellers and buyers adjust their behavior in response to price changes is measured by the elasticities of supply and demand. Thus, deadweight loss of a tax increases as supply and demand elasticity increases.
Since the demand for chicken wings is more elastic, therefore deadweight loss is larger.
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though the___________ did not explicitly make the practice of price fixing illegal, courts have subsequently relied on it to find it to be so.
Though the Sherman Act did not explicitly make the practice of price fixing illegal, courts have subsequently relied on it to find it to be so.
What is Sherman Act?
A significant U.S. statute known as the Sherman Antitrust Act forbade corporations from banding together or combining to create monopolies. The law, which was passed in 1890, made it illegal for these organizations to dictate, regulate, and manipulate pricing in a certain market.
The legislation controlled interstate trade while fostering economic fairness and competition. The Sherman Antitrust Act was the first attempt by the U.S. Congress to address the use of trusts as a technique that permits a small group of people to dominate a number of important businesses.
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when people trade, producers can achieve something they cant without trade. Thus, only with trade is it possible to operate outside the production possibilities frontier
With trade, producers can exceed the production possibilities frontier by having access to resources and goods that are not natively produced in their own country or region.
Can you produce outside the production possibilities frontier?
A production possibilities frontier (PPF) is a graph that illustrates all of the potential combinations of two goods that can be produced within a given set of resources and technology. The PPF illustrates the concept of opportunity cost and is used to illustrate the maximum output of one good that can be produced for a given amount of another good. It is not possible to produce outside of the PPF, as this would require the use of more resources than are available.
Therefore, the PPF shows the maximum amount of goods that can be produced given the amount of resources and technology available.
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Which of these would be found on a company's balance sheet? (Select all that apply.)
a. Notes payable
b. Accounts receivable
c. Sales revenue
d. Depreciation expense
e. Equipme
Answer:
a,b and e
Explanation:
Notes payable is current liability, account receivable is current asset and equipment is non current assets all are to be shown in balance sheets, While sales revenue and depreciation expenses are to be shown in profit and loss account.
In a company's balance sheet, the items that are found are Notes payable,
Accounts receivable, and equipment. Thus, the correct option is (A, B, E).
The assets, liabilities, and owner's equity of a company are listed on a balance sheet as of any particular date. A balance sheet is often created at the end of specific time periods.
Notes payable are current liabilities, accounts receivable are current assets, and equipment are noncurrent assets. Sales revenue and depreciation expenditures are reported in the profit and loss statement.
The economic resources controlled by the firm, such as cash, accounts receivable, inventory, and equipment, are referred to as assets.
Therefore, the correct option is "A, B, E".
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Red and Green, CPAs, are the external auditors for Blue Corporation, a publicly-held company. Blue Corporation has outsourced its internal audit function to Red and Green. Which of the following statements is true?
Doing internal audit work does not impair the independence of Red and Green.
Public accounting firms cannot be both the internal and external auditors for publicly-held companies and maintain independence.
The independence of Red and Green is impaired only if employees of Red and Green act in a management capacity or make management decisions.
The independence of Red and Green is impaired only if a member of Red and Green's engagement team is hired to manage an accounting function in Blue Corporation.
The independence of Red and Green is impaired only if a member of Red and Green's engagement team is hired to manage an accounting function in Blue Corporation are True statements Option (d)
An internal auditor is hired to examine the overall performance of various businesses in terms of administrative, executive, financial, and legal standards. The audit effectively identifies corporate frauds while assessing internal controls to ensure the efficiency of a business.
Internal auditing is a process by which businesses learn about system flaws and improve the relevant aspects to make businesses more efficient.Companies hire auditors to obtain certification from a well-known internal audit institute in order to audit its various business activities and provide consulting services.Internal audits that are commonly found include compliance, IT, performance, operational, and environmental audits.Learn more about Internal audits
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2. Fill in the blank. Before information is put into a bar graph, it is usually completed in a
first.
The primary purpose of a bar graph is to quickly and graphically convey related information. Each bar's values correspond to a certain type of data.
What do a sample and data mean?Text, observations, figures, photographs, statistics, graphs, and symbols are just a few of the many diverse ways that data can be presented. Data might include specific amounts of money, weights, addresses, names, ages, climates, dates, or lengths, for example. Data is a foundational type of knowledge; on its own, it has no value and serves no use.
By data, what do you mean?Information is data that has now been transformed into a format that is useful for transfer or processing in computing. Data is information that has been transformed into binary digitally for use with modern computers and communication mediums. In principle, data can be
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scalia's heller ruling based on distorted history and law, there was no individual right to own a gun. since that ruling, gun manufacturers have made millions selling guns to everyone whose only purpose is to kill lots of people quickly. the manufacturers with the gun absolutist have created the existing gun culture in this country where no one is safe any place at any time from anyone -
Due to the Second Amendment of the Constitution, this is not legal. This declares that "The security of a free State is dependent upon a well controlled Militia.
In the recent Supreme Court case DC v. Heller, the Court found that Washington, D.C.'s handgun ban was unconstitutional, putting the second amendment to the test. Therefore, due to the freedom to carry a handgun for self defence, the government cannot outright outlaw the sale of all firearms and destroy them at will (this would likely be logistically impractical as well).
This Amendment is very debatable, particularly among those who support gun control measures. They advocate allowing only law enforcement agencies, such as the police, to own firearms. According to the Second Amendment, "a well-regulated militia.
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Winston Corporation purchased 40 percent of the stock of Fullbright Company on January 1, 20X2, at underlying book value. During the period of January 1, 20x2, through December 31, 20X4, the market value of Winston's investment in Fullbright's stock increased by $20,000 each year. The companies reported the following operating results and dividend payments during the first three years of intercorporate ownership: Year 20x2 20x3 20X4 Winston Corporation Operating Income Dividends $100,000 $ 40,000 60,000 80,000 250,000 120,000 Fullbright Company Net Income Dividends $70,000 $30,000 40,000 60,000 25,000 50,000 Required: Compute the net income reported by Winston for each of the three years, assuming it accounts for its investment in Fullbright by carrying the investment at fair value, or using the equity method. Answer is not complete. Net Income Fair Value Year 20X2 $ 112,000 $ Equity Method 128,000 76,000 260,000 20X3 20X4
Using the fair value method, Winston's net income for 20X2 would be $112,000. This figure is calculated by adding the $100,000 operating income from Winston plus the $12,000 increase in value of the investment in Fullbright, and subtracting the $40,000 dividend payments from Winston.
For 20X3, Winston's net income would be $128,000. This figure is calculated by adding the $60,000 operating income from Winston plus the $68,000 increase in value of the investment in Fullbright, and subtracting the $80,000 dividend payments from Winston.
For 20X4, Winston's net income would be $76,000. This figure is calculated by adding the $250,000 operating income from Winston plus the $176,000 increase in value of the investment in Fullbright, and subtracting the $120,000 dividend payments from Winston.
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