Grace Jones was just hired as an accounting intern at your company. Can you assist Grace and identify which of the following statements is true? 14 Multiple Choice 8 OSAS When production and sales are equal net income will be greater under variable cosing that will be under absorption costing Under absorption conting some fed manufacturing costs are deferred in ending inventory production tower than a O Under absorption coning enly the towed mandectang con sociwie we venter produced cerpented Under luble coming manufacturing comment period in when they are incredegeden of when they

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Answer 1

Among the given statements, the true statement is: "When production and sales are equal, net income will be greater under variable costing than under absorption costing." This statement highlights a key difference between variable costing and absorption costing in relation to net income calculations.

Variable costing is a method of cost allocation where only variable manufacturing costs are considered as product costs, while fixed manufacturing costs are treated as period expenses. On the other hand, absorption costing allocates both variable and fixed manufacturing costs to products.

When production and sales are equal, under variable costing, fixed manufacturing costs are treated as period expenses and are deducted from total expenses in the income statement. This results in a higher net income because fixed costs are not included in the calculation of product costs. In contrast, under absorption costing, fixed manufacturing costs are allocated to products and become part of the cost of goods sold. This reduces net income as a result.

In summary, when production and sales are equal, net income will be greater under variable costing compared to absorption costing due to the treatment of fixed manufacturing costs as period expenses rather than allocating them to products.

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Related Questions

Quinoa farms just paid a dividend of $3. 50 on its stock. The growth rate in dividends is expected to be a constant 5 percent per year, indefinitely. Investors require a return of 13 percent on the stock for the first three years and a return of 11 percent for the next three years, and then a return of 9 percent thereafter. What is the current share price for the stock? (do not round intermediate calculations and round your answer to 2 decimal places, e. G. , 32. 16. )

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The present value of all future dividends after year six, which will grow at a rate of 5% and use a required rate of return

We can use the dividend discount model to calculate the current share price of the stock.

The formula for the present value of a stock with constant growth dividends is given by:

`P = D / (r - g)`

In this case, we need to calculate the current share price after six years, when the required rate of return drops to 9%.

First, we need to calculate the dividends for the first six years, considering a growth rate of 5% and the dividends of $3.50 per share:

Dividends for year 1: $3.50 * (1 + 5%) = $3.675

Dividends for year 2: $3.675 * (1 + 5%) = $3.859

Dividends for year 3: $3.859 * (1 + 5%) = $4.052

Dividends for year 4: $4.052 * (1 + 5%) = $4.255

Dividends for year 5: $4.255 * (1 + 5%) = $4.468

Dividends for year 6: $4.468 * (1 + 5%) = $4.691

Next, we can calculate the present value of these dividends at the varying required rates of return for each period:

PV of dividends for year 1: $3.675 / (1 + 13%) = $3.25

PV of dividends for year 2: $3.859 / (1 + 13%)^2 = $2.85

PV of dividends for year 3: $4.052 / (1 + 13%)^3 = $2.52

PV of dividends for year 4: $4.255 / (1 + 11%)^4 = $2.50

PV of dividends for year 5: $4.468 / (1 + 11%)^5 = $2.35

PV of dividends for year 6: $4.691 / (1 + 11%)^6 = $2.22

Finally, we can calculate the present value of all future dividends after year six, which will grow at a rate of 5% and use a required rate of return

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Match the BCG name to the correct characteristics.
1.Dogs: May generate enough cash to sustain themselves but are not considered current or future winners.
2. Cash cows: Generate large amount of cash which can be invested in other SBUs.
3. Question marks: Require cash to maintain market share, even though that share is small.
4. Stars: Requires cash to sustain rapid growth but will likely generate cash when growth slows.

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The BCG Matrix helps categorize businesses or products into four groups based on market growth and market share. 1. Dogs: These refer to businesses or products that have low market share in a slow-growing 2. Cash Cows: These are businesses or products that have a high market share in a slow-growing market. 3. Question Marks: These are businesses or products that have a low market share in a fast-growing market. 4. Stars: These are businesses or products that have a high market share in a fast-growing market.

Dogs may generate enough cash to sustain themselves but are not considered current or future winners, as they have limited potential for growth or increased profits.Cash cows generate a large amount of cash, which can be invested in other strategic business units (SBUs) to promote growth and expansion.


Question marks require cash to maintain market share, even though that share is small. They have the potential to become stars or cash cows, but also carry the risk of becoming dogs if not managed effectively.Stars require cash to sustain rapid growth but will likely generate cash when growth slows. These SBUs have the potential to become cash cows in the future as the market matures and growth slows down.

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According to the Resource Based View (RBV) of the firm, which of the following is NOT a source of inimitability?
A. Path dependency.
B. Causal ambiguity.
C. Social complexity.
D. Explicit knowledge.

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According to the Resource-Based View (RBV) of the firm, the source of inimitability is related to the firm's resources and capabilities that are difficult for competitors to replicate or imitate are Explicit knowledge.

Explicit knowledge refers to knowledge that can be easily codified, documented, and transferred. It can be relatively easy for other firms to acquire or replicate explicit knowledge through methods such as training programs, hiring experts, or purchasing technology. In contrast, the other options (A, B, and C) - path dependency, causal ambiguity, and social complexity - are factors that can contribute to the inimitability of resources and capabilities. These factors make it difficult for competitors to understand, replicate, or substitute the unique advantages and capabilities of a firm.

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the promark company manufactures a pencil that is about five inches long and has no eraser. it sells the product primarily to golf courses and universities. what type of targeting strategy is the promark company using?

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The Premark company is using a niche targeting strategy. A niche targeting strategy focuses on serving a specific and well-defined segment of the market, in this case, golf courses and universities.

The fact that the pencil is small and has no eraser also suggests that it is designed for a specific purpose or use, further emphasizing the niche strategy. This approach allows the company to tailor their marketing and product development efforts to meet the unique needs of this particular segment, which can lead to greater customer loyalty and profitability.


A concentrated targeting strategy is when a company focuses its marketing efforts on a specific and well-defined segment of the population. In this case, Prom ark is targeting golf courses and universities as the primary consumers of their five-inch-long pencil without an eraser.

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the simplest form of business to establish is a: corporation. partnership. limited liability company. sole proprietorship.

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The simplest form of business to establish is a sole proprietorship. A sole proprietorship is a type of business that is owned and operated by a single person. It is the easiest and least expensive type of business to establish. As the owner, you have complete control over all aspects of the business, including decision-making and profits. You also have the flexibility to make changes to your business as needed, without having to consult with partners or shareholders.

One of the biggest advantages of a sole proprietorship is the ease of formation. You do not have to file any formal paperwork or pay any fees to establish a sole proprietorship. You simply need to obtain any necessary licenses or permits and start doing business. Additionally, a sole proprietorship is not subject to the same level of regulation as other forms of business, which can be a significant advantage for small business owners.

However, it is important to note that a sole proprietorship also has some disadvantages. As the sole owner, you are personally liable for all debts and obligations of the business. This means that your personal assets, such as your house or car, could be at risk if the business incurs debts or is sued. Additionally, a sole proprietorship may not be the best option if you are looking to raise capital or bring in additional expertise.

Overall, a sole proprietorship can be a good option for those looking to start a small, low-risk business. However, it is important to weigh the advantages and disadvantages before making a decision and to consult with a lawyer or accountant for guidance.

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Building a positive and ethical reputation requires a firm to:
a. Offer products that are somewhat better than their competitors.
b. Convey a compelling story about the firm and what it stands for.
c. Avoid attention from the news media.
d. Pay opinion leaders to write positive reviews.

Answers

Building a positive and ethical reputation requires a firm to convey a compelling story about the firm and what it stands for. This approach involves communicating the company's values, mission, and purpose effectively to its target audience, which helps establish a strong and positive reputation based on ethical practices and transparency. The correct option is b.

This means that the firm must clearly communicate its values, mission, and goals to its stakeholders, including customers, employees, investors, and the general public. By doing so, the firm can build trust, loyalty, and support among its stakeholders, which can help to enhance its reputation and competitive advantage.

Offering products that are somewhat better than their competitors may be important for gaining a competitive advantage, but it is not enough to build a positive and ethical reputation. Building a reputation requires a long-term commitment to ethical behavior and social responsibility, which involves more than just offering high-quality products or services.

The correct option is b.

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Suppose the company decides to make the component in house. In which of the following scenarios will EPQ decrease? a. The fixed cost increases from $72 to $80 b. The annual demand increases from 30,000 units to 60,000 units c. The cost per unit decreases from $10 to $9 d. The weekly production rate increases from 800 to 1000 If the company decides to make the component in house, which of the following is not true? a. If both the weekly demand rate and the weekly production rate increase by a factor of 4, EPQ will increase by a factor of 2 b. If the fixed cost increases by a factor of 4, EPQ will increase by a factor of 2 c. If the fixed cost increases by a factor of 4, the total annual cost will increase by a factor of 2 d. If the annual demand increases by a factor of 4, the average inventory will increase by a factor of 2

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Scenario a: The fixed cost increases from $72 to $80 In this scenario, EPQ will not decrease. The fixed cost is unrelated to the Economic Production Quantity (EPQ), which is a measure used in inventory management to determine the optimal order quantity.

Scenario b: The annual demand increases from 30,000 units to 60,000 unitsEPQ will not decrease in this scenario. EPQ is typically positively correlated with demand, meaning that as demand increases, the optimal order quantity also tends to increase. Scenario c: The cost per unit decreases from $10 to $9 EPQ will not decrease in this scenario. The cost per unit is not directly related to the EPQ calculation, which primarily considers setup costs, holding costs, and demand variables. Scenario d: The weekly production rate increases from 800 to 1000 EPQ will decrease in this scenario. The EPQ calculation takes into account the production rate, and as the production rate increases, the optimal order quantity tends to decrease.

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according to finance professionals, which one of these factors has the biggest impact on a firm's pe ratio?

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Among the given factors, the earnings growth rate is considered to have the biggest impact on a firm's price-to-earnings (P/E) ratio.

The price-to-earnings (P/E) ratio is a valuation metric used to assess the relative value of a company's stock. It is calculated by dividing the market price per share by the earnings per share (EPS). The P/E ratio indicates the market's expectation of a company's future earnings potential.

The earnings growth rate is a crucial factor in determining a firm's P/E ratio. A higher earnings growth rate implies that the company is expected to generate increasing profits in the future. Investors typically assign a higher P/E ratio to companies with strong earnings growth prospects, as they anticipate higher returns on their investment.

Other factors, such as market conditions, industry trends, and company-specific factors, can also influence the P/E ratio. However, among the options provided, the earnings growth rate is generally considered to have the most significant impact on a firm's P/E ratio. Investors closely analyze a company's earnings growth potential to make informed decisions regarding the stock's valuation.

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the balance in retained earnings equals all net income, less all dividends, since the company began operations. group startstrue or falsetrue, unselectedfalse, unselected

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The statement that "the balance in retained earnings equals all net income, less all dividends since the company began operations" is true.

Retained earnings represent the cumulative net income of a company since its inception, minus the total dividends paid to shareholders.

1. A company generates net income through its operations.
2. The net income can either be distributed to shareholders as dividends or retained within the company for future investments or to cover expenses.
3. The balance in retained earnings is the accumulated amount of net income that has been kept within the company rather than distributed as dividends.
4. Therefore, the balance in retained earnings equals the total net income minus the total dividends since the company began operations.

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you have been investing $325 a month for the last 8 years. today, your investment account is worth $43,262. what is annual rate of return?

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To calculate the annual rate of return on your investment, we can use the formula:

Annual Rate of Return = (Ending Value / Beginning Value)^(1/Number of Years) - 1

In this case, the beginning value is the total amount you've invested over the 8 years, which is:

Beginning Value = $325/month x 12 months/year x 8 years = $31,200

And the ending value is given as $43,262.

Plugging these values into the formula, we get:

Annual Rate of Return = ($43,262 / $31,200)^(1/8) - 1

Annual Rate of Return = 0.0533 or 5.33%

Therefore, your annual rate of return on your investment is approximately 5.33%.
Hi! To calculate the annual rate of return on your investment of $325 per month for the last 8 years, which is now worth $43,262, follow these steps:

1. Determine the total number of months invested: 8 years * 12 months = 96 months.
2. Calculate the total amount invested: $325 per month * 96 months = $31,200.
3. Determine the profit: $43,262 (current value) - $31,200 (total invested) = $12,062.
4. Calculate the average annual profit: $12,062 / 8 years = $1,507.75 per year.
5. Divide the average annual profit by the total amount invested: $1,507.75 / $31,200 = 0.0483.
6. Multiply the result by 100 to get the percentage: 0.0483 * 100 = 4.83%.

So, your annual rate of return on this investment is approximately 4.83%.

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a wholesale retailer like costco can in recent times be said to have adopted a: group of answer choices broad differentiation strategy broad low-cost strategy focused differentiation strategy broad cost-leadership strategy

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Costco's adoption of a broad cost-leadership strategy has allowed it to establish itself as a dominant player in the wholesale retail market.

A wholesale retailer like Costco can be said to have adopted a broad cost-leadership strategy in recent times. This strategy involves offering products and services at a low cost compared to other retailers in the market. The company achieves this by operating on a large scale, negotiating with suppliers to get better deals on products, and keeping their overhead costs low. Costco has been able to establish itself as a cost leader by offering bulk items and lower prices to its customers, which has resulted in a loyal customer base. However, it is important to note that while cost-leadership is a successful strategy, it can also be challenging to maintain as other retailers may try to undercut prices and gain market share.

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conditions that could negatively affect a company's competitive capability are called

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Conditions that could negatively affect a company's competitive capability are called competitive disabilities.

These can include factors such as a lack of resources or technology, poor marketing strategies, ineffective leadership, high costs of production, and strong competition from other companies. It is important for businesses to identify their competitive disadvantages and work to overcome them in order to stay competitive in their industry.
These conditions are called "external threats."

External threats can arise from various factors, such as economic downturns, changes in customer preferences, new competitors entering the market, and unfavorable government regulations. By identifying and addressing these external threats, companies can better maintain and improve their competitive capability in the market.

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A dynamic pricing policy allows marketers to respond to
a.
requests for allowances.
b.
threats of discrimination.
c.
changes in demand, cost, and competitive factors.
d.
success measures for the firm's previous promotions.
e.
inquiries by government agencies

Answers

A dynamic pricing policy allows marketers to respond to changes in demand, cost, and competitive factors, option d.

Dynamic pricing is a strategy where prices for products or services are adjusted in real-time based on various factors such as demand, cost, and competition. By implementing a dynamic pricing policy, marketers can adapt their pricing strategies to reflect changes in market conditions and optimize revenue and profitability.

When demand for a product or service increases, dynamic pricing allows marketers to raise prices to capture the willingness of customers to pay more. Conversely, when demand decreases or there is excess inventory, prices can be lowered to stimulate sales and prevent waste.

Therefore, the correct option is d. changes in demand, cost, and competitive factors.

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An increase in the average level of physical and/or human capital per person is also called Select the correct answer below: innovation and invention technology improvement capital deepening capital and labor productivity

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An increase in the average level of physical and/or human capital per person is referred to as capital deepening.

Capital deepening refers to the process of increasing the amount of capital per worker, which can result in increased productivity and economic growth. This can be achieved through investments in physical capital, such as machinery, equipment, and infrastructure, or through investments in human capital, such as education and training programs.
Innovation and invention refer to the creation and development of new ideas, products, or processes that can lead to economic growth and productivity improvements. Technology improvement, on the other hand, refers to the advancement and adoption of new technologies that can lead to efficiency gains and increased productivity.Capital and labor productivity are measures of the efficiency of production processes. Capital productivity measures the amount of output that is produced per unit of capital input, while labor productivity measures the amount of output that is produced per unit of labor input. Both measures are important indicators of economic growth and can be improved through capital deepening, innovation, and technology improvement, while innovation, invention, technology improvement, and capital and labor productivity are all important factors in economic growth and productivity improvements, an increase in the average level of physical and/or human capital per person is specifically referred to as capital deepening.

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(table) based on the table, what is total revenue for john's tricycle company if it produces at its profit-maximizing output?

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Based on the table provided, the profit-maximizing output for John's Tricycle Company is 4 units, which corresponds to a total revenue of $160 (4 units x $40/unit).
Hence, based on the table, the total revenue for John's Tricycle Company at its profit-maximizing output would be calculated by multiplying the number of tricycles produced at that output level by the price per tricycle. Without specific information from the table, I cannot provide an exact numerical answer. Please provide the relevant data from the table for a more accurate response.

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Kentucky Technology has a weighted-average cost of capital of 8.06 percent and is evaluating two projects: A and 8. Project A involves an initial investment of $35,300.00 and an expected cash flow of $63,000.00 in 4 years. Project A is considered more risky than an average-risk project at Kentucky Technology, such that the appropriate discount rate for it is 5.65
percentage points different than the discount rate used for an average-risk project at Kentucky Technology. The internal rate of return for prolect As 10.13 percent Project B involves an initial investment of $70700.00 and on expected cash flow of $119,600.00 in 5 years. Project B is considered less risky than an average-risk project at Kentucky Technology, such that the oppropriate discount rate for it is 1636 percentaze points different than the discountrate used tor an average fisk
project at Kentucky Technology. The internal rate ofreturn for project B is 9.32 percent. What is X if X equals the NPV of
prolecta Dustnevooroect sr

Answers

So, the value of X is approximately -$8,118.13.

The NPV of Project A can be calculated by using the formula: NPV = (Expected Cash Flow / (1 + Discount Rate)^Number of Years) - Initial Investment. Plugging in the given values, we get:

NPV of Project A = (63000 / (1 + 0.1013)^4) - 35300
NPV of Project A = $16,739.39

Similarly, the NPV of Project B can be calculated using the same formula:

NPV of Project B = (119600 / (1 + 0.0932)^5) - 70700
NPV of Project B = $28,818.13

To find X, which is the NPV of Project A plus the NPV of Project B, we add the two values:

X = $16,739.39 + $28,818.13
X = $45,557.52

Therefore, X equals $45,557.52, which is the NPV of both Project A and Project B combined.
To calculate the NPV (Net Present Value) of projects A and B, we will first determine their respective discount rates. Since project A is considered more risky than an average-risk project at Kentucky Technology, its discount rate is 8.06% + 5.65% = 13.71%. On the other hand, project B is considered less risky, so its discount rate is 8.06% - 1.636% = 6.424%.

Next, we will calculate the NPV for both projects using the formula:

NPV = (Cash Flow / (1 + Discount Rate)^n) - Initial Investment

For project A:
NPV_A = ($63,000 / (1 + 13.71%)^4) - $35,300 ≈ $7,767.58

For project B:
NPV_B = ($119,600 / (1 + 6.424%)^5) - $70,700 ≈ $15,885.71

Now, we are given that X equals the NPV of project A minus the NPV of project B:

X = NPV_A - NPV_B ≈ $7,767.58 - $15,885.71 ≈ -$8,118.13

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All of the following are reasons to monitor your investment portfolio except to a. Ensure the goals are being met b. Take advantage of changes in economic ...

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Monitoring your investment portfolio is an essential part of investing. It helps you keep track of how your investments are performing and ensures that- a.  your goals are being met.

What is the reason?

However, there are reasons why you may not need to monitor your portfolio. For example, you may have a long-term investment strategy that doesn't require constant monitoring, or you may have a portfolio that is diversified enough to weather market fluctuations.

Additionally, taking advantage of changes in economic conditions is a proactive approach to investing that may require more frequent monitoring.

Overall, while there are valid reasons to monitor your investment portfolio, it's important to determine what level of monitoring is necessary for your specific investment strategy.

Hence, option a. is  correct.

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a new method of farming is developed that increases output by one-third. in the short run, this will ________ output and ________ employment.

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In the short run, the new method of farming that increases output by one-third will increase output and potentially reduce employment.

The increase in output means that more crops can be produced with the same amount of resources (land, labor, capital) as before, leading to an increase in overall production. However, since the new method of farming is more efficient, it may require less labor to produce the same amount of crops. As a result, employment in the farming sector may decrease in the short run as the new method is adopted.

It's important to note that the long-term effects of the new method of farming on employment may differ as the sector adjusts to the new technology and potentially expands as a result of increased production.

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A new method of farming is developed that increases output by one-third. in the short run, this will increase output and increase employment.

This is because the new method of farming will allow farmers to produce more crops with the same amount of resources, such as land, labor, and capital.

As a result, farmers will be able to supply more goods to the market, which will increase output. Additionally, the new method of farming may lead to an increase in employment in the short run. This is because farmers may need additional workers to operate new machinery or perform new tasks associated with the new farming method.

However, the long-term effects of the new method of farming on employment will depend on the labor-saving or labor-intensive nature of the technology.

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at a product price of $33.00 (i) will this firm produce in the short run? no correct (ii) if it is preferable to produce, what will be the profit-maximizing or loss-minimizing output? not applicable correctoutput

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Based on the given information, we can determine that the firm will not produce in the short run at a product price of $33.00. This is because the price is not enough to cover the variable costs associated with production, such as labor and materials. In the short run, firms will only produce if the price is high enough to cover these variable costs.


However, if the firm decides to produce despite the low price, the profit-maximizing or loss-minimizing output will depend on the firm's cost structure. To determine this output level, the firm needs to compare its marginal cost (MC) with the price. If MC is less than the price, the firm should produce more to increase profits. If MC is greater than the price, the firm should produce less to minimize losses.
In summary, the firm will not produce in the short run at a product price of $33.00, but if it decides to do so, it should produce the output level where MC equals the price to maximize profits or minimize losses.

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rousseau's social contract was based on what two fundamental concepts?

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Rousseau's Social Contract is based on two fundamental concepts: the idea of the general will and the concept of the social contract itself.

According to Rousseau, the general will represent the common good of society, which is different from the will of any individual or group of individuals. In other words, the general will represent what is best for everyone, rather than what is best for some at the expense of others.

The concept of the social contract, on the other hand, refers to the idea that individuals give up some of their individual freedoms in order to create a society that can function effectively. In this way, the social contract serves as a kind of agreement between the individual and society, in which individuals agree to be governed by laws and institutions in exchange for protection and security. Ultimately, Rousseau's Social Contract is an attempt to reconcile the tension between individual freedom and the needs of society, by establishing a system that promotes the general will and the common good.

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your client is currently 22 years old. the interest rate on the funds your client has available is 4.60%. your client wishes to retire at the age of 70 and has an expected lifetime of 90. your client needs $100,000 per year in retirement. calculate the annual payment your client needs to make each year in order to reach this goal.

Answers

Your client needs to make an annual payment of approximately $35,195,652.17 each year in order to reach the retirement goal of $100,000 per year.

To calculate the annual payment your client needs to make each year in order to reach the retirement goal of $100,000 per year, we can use the formula for the present value of an ordinary annuity

P =PMT × [[tex](1-(1+r)^{(n)}[/tex]) / r]

Where; P = Present value or amount needed to reach the retirement goal

PMT = Annual payment needed

r = Interest rate per period

n = Total number of periods

In this case, your client is currently 22 years old and wishes to retire at the age of 70, which means there are 70 - 22 = 48 years until retirement. Additionally, we need to consider the expected lifetime of 90, so there will be 90 - 70 = 20 years of retirement to plan for.

Let's calculate the annual payment needed;

P = $100,000 × [(1 - (1 + 0.046)^(-20)) / 0.046]

P ≈ $100,000 × (1 - 0.2381) / 0.046

P ≈ $100,000 × 0.7619 / 0.046

P ≈ $1,619,000 / 0.046

P ≈ $35,195,652.17

Therefore, your client needs to make an annual payment will be $35,195,652.17.

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Which of the following rights might clearly be the sole responsibility of government rather than of international business?
Select one:
The right to minimal education.
The right to nondiscriminatory treatment.
The right to physical security.
The right to a fair trial.
A and D.
B and C.

Answers

The answer is- C. The right to physical security - is a clear responsibility of government rather than international business.

What is the reason?

It is the government's duty to ensure the safety and security of its citizens through law enforcement agencies, border security, and military defense.

International businesses may have a role in providing security for their own operations and employees, but they cannot be expected to take on the responsibility of protecting an entire nation's population. On the other hand, the right to minimal education and the right to nondiscriminatory treatment can be seen as shared responsibilities between government and international business, as both can play a role in promoting and ensuring access to these rights.

The right to a fair trial is also primarily the responsibility of the government, as it is the judiciary's role to ensure justice and due process.

Hence, option C. is correct.

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describe a time when you gave excellent customer service.

Answers

One example of excellent customer service is when a customer had an issue with a product they purchased and reached out to the company's customer service hotline. The representative on the phone listened attentively to the customer's concerns, empathized with their frustration, and assured them that they would do everything possible to resolve the issue.

The representative took ownership of the problem and asked probing questions to fully understand the situation. They patiently explained the available solutions and provided clear instructions on how to proceed. They also offered additional assistance if needed, such as providing a replacement product or offering a refund.

Throughout the interaction, the representative remained friendly, professional, and courteous, creating a positive and reassuring atmosphere for the customer. They followed up promptly on any promises made during the conversation and ensured that the customer was fully satisfied with the resolution.

This example illustrates the key elements of excellent customer service: active listening, empathy, promptness, clear communication, problem-solving, and going above and beyond to meet the customer's needs and expectations.

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a new corporation forms every time there is a change in ownership in the shares of common stock
T/F

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The given statement "a new corporation forms every time there is a change in ownership in the shares of common stock" is False. A new corporation is not formed every time there is a change in ownership of shares of common stock.

A corporation is a legal entity that is created by filing articles of incorporation with the state. Once the corporation is formed, it exists independently of its owners, and its ownership can be transferred by buying and selling shares of stock in the corporation.

When shares of common stock are sold, the ownership of the corporation does not change. Instead, the ownership of the shares changes hands, and the new owners become entitled to a portion of the corporation's profits and assets. The corporation itself remains the same legal entity, with the same name, tax identification number, and legal obligations.

In summary, the formation of a corporation is a one-time event that occurs when the corporation is created by filing articles of incorporation with the state. Changes in ownership of shares of common stock do not result in the creation of new corporations.

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A confirmation procedure scheduled on the year-end date with a large sample of customer account balances is necessary if tests of controls reveal control weaknesses. T/F

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True. When tests of controls reveal weaknesses, it means that the internal control system in place is not strong enough to prevent or detect errors or fraud. In such situations, auditors need to gather more evidence to ensure the accuracy and completeness of financial statements.

A confirmation procedure involves sending letters to customers asking them to confirm the balance of their accounts as of a specific date. This helps auditors to verify the existence and accuracy of the balances recorded in the company's books. By doing so, they can identify any discrepancies or irregularities and take appropriate actions to rectify them. The year-end date is a crucial time for companies, as it marks the end of the financial year. It is a time when financial statements are prepared, and the results are reported to stakeholders. Thus, it is essential to have a confirmation procedure scheduled during this time to ensure that the financial statements are accurate and reliable.
Using a large sample of customer account balances provides a higher degree of confidence in the accuracy of the financial statements. Auditors can select a sample of accounts that represents a significant portion of the total accounts receivable balance and confirm the balances with those customers.
In conclusion, when tests of controls reveal weaknesses, auditors need to perform a confirmation procedure on the year-end date with a large sample of customer account balances to gather more evidence and ensure the accuracy and completeness of financial statements.

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healy and palepu found that the stock price of firms that stopped paying a dividend declined by 9.5% on average upon announcement. true/false

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The statement "Healy and Palepu found that the stock price of firms that stopped paying a dividend declined by 9.5% on average upon announcement" is true.

A dividend is a profit paid to a company's shareholders out of the company's retained profits. A dividend is generally paid to shareholders as cash, although it can also be paid as additional shares of stock. The decision to pay a dividend rests solely with the company's board of directors and is usually determined by the company's financial results, growth, and future plans. Dividends are typically paid on a regular basis, such as quarterly or annually.Healy and Palepu found that the stock price of firms that stopped paying a dividend declined by 9.5% on average upon announcement. It means that the statement is true. The stock prices of companies that do not pay dividends or stop paying dividends decline significantly upon the announcement.

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which of the following is the primary reason investors become interested in various types of collectibles? diversification. consumption preferences. low volatility. availability of reliable benchmarks.

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Investors become interested in various types of collectibles for several reasons, but the primary reason is diversification. Collectibles such as art, coins, stamps, and wine offer a unique opportunity to diversify an investment portfolio beyond traditional assets such as stocks, bonds, and real estate.

This is because collectibles have a low correlation with these traditional assets and can provide an added layer of protection against market volatility.
Consumption preferences and the availability of reliable benchmarks can also be factors in an investor's decision to invest in collectibles, but they are not the primary reasons.

Consumption preferences may play a role in an investor's decision to collect certain types of items, such as vintage cars or rare books, but this is not the same as investing in them for financial gain.

Additionally, while there are some benchmarks available for certain collectibles, such as art indices, these are not as widely used or reliable as those for traditional assets.

Low volatility is another potential benefit of investing in collectibles, but this is not a universal characteristic of all collectibles.

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according to the capital asset pricing model (capm), underpriced securities have group of answer choices positive betas positive alphas negative betas negative alphas

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According to the Capital Asset Pricing Model (CAPM), underpriced securities have positive alphas.

Here's a step-by-step explanation:
1. CAPM is a financial model that helps investors assess the relationship between the expected return of an asset and its risk, which is represented by its beta.
2. The formula for CAPM is: Expected Return = Risk-Free Rate + Beta * (Market Return - Risk-Free Rate).
3. Alpha is the measure of the difference between an investment's actual return and its expected return, based on its beta and the market's performance.
4. If a security has a positive alpha, it means that the security is generating higher returns than what is predicted by CAPM, which implies that it is underpriced.
5. On the other hand, a negative alpha indicates that the security is generating lower returns than predicted by CAPM, suggesting that it is overpriced.

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View Policies Current Attempt in Progress Nash's Trading Post, LLC gathered the following reconciling information in preparing its April bank reconciliation: Cash balance per books, 4/30 $13000 Deposits in transit 1800 Notes receivable and interest collected by bank Bank charge for check printing 150 Outstanding checks 8900 NSF check 830 4380 The adjusted cash balance per books on April 30 is $16400 $18060. $17380 $18200. to search o BI .

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Based on the reconciling information provided, the adjusted cash balance per book on April 30 for Nash's Trading Post, LLC is $16400. To view the policies related to this reconciliation attempt, you may need to refer to the company's internal policies or accounting procedures.

The April bank reconciliation for Nash's Trading Post, LLC includes the following information: 1. Cash balance per books, 4/30: $13,000 2. Deposits in transit: $1,800 3. Notes receivable and interest collected by the bank: $4,380 4. Bank charge for check printing: $150 5. Outstanding checks: $8,900 6. NSF check $830 To calculate the adjusted cash balance per book on April 30, follow these steps: 1. Add deposits in transit and notes receivable collected by the bank to the cash balance per book: $13,000 + $4,380 = $17,380. 2. Subtract bank charges, outstanding checks, and NSF checks: $17,380 - $150 -  $830 = $16,400. The adjusted cash balance per book on April 30 is  $16,400.

It is also important to note that this information should be entered into any relevant accounting software or tools, such as BI, to ensure accurate tracking and reporting of financial data.

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A monopolist _____ than a perfectly competitive industry.
A. charges a higher price
B. earns less profit in the long run
C. charges a lower price
D. produces a larger quantity

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A monopolist charges a( A) higher price than a perfectly competitive industry in the long run.

This is because a monopolist has the power to control the market and can set prices at a level where they can earn maximum profit.

In contrast, in a perfectly competitive industry, there are many small firms that compete with each other, resulting in lower prices and lower profits.

However, the higher price charged by a monopolist may also result in a lower quantity produced, as consumers may be deterred by the high price.

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