Answer:
b. a large number of firms compete.
Explanation:
In monopolistic competition, a large number of firms compete.
A monopolistic competitive industry is that form of market in which there is large number of buyers and sellers and firm sells differentiated product based on quality, size, shape. So, in monopolistic competitive industry, firms produce and sell varieties of product, a large number of firms compete, firms does not face high barriers to entry and firms does not face perfectly elastic demand for their product.
Your client wants to transfer $500 from their checking account into a savings account to cover tax liabilities for sales made that month.
Where should they start the process?
a) Navigate to the + New button then find the Transfer link
b) Navigate to the Gear Icon then find the Transfer link
c) Navigate to the Sales screen then find the Transfer link
d) Navigate to the Banking screen then find the Transfer link
Answer:
a) Navigate to the + New button then find the Transfer link
Explanation:
In the case when the client wants to transfer $500 from the checking to the saving account so that the liabilities of the tax could be covered. Now the process would be started via navigating it to the new button and then find the transfer link
Therefore the correct option is a
Hence, the rest of the options are incorrect
About the Lagrangian method, select the correct statement: We can use it to solve consumer's utility maximization problems, but not firm's cost minimization problems. We can use it to solve both consumer's utility maximization and firm's cost minimization problems. We can use it to solve firm's cost minimization problems, but not consumer's utility maximization problems. We cannot use it to solve any kind of optimization problem.
Answer:
About the Lagrangian method,
We can use it to solve both consumer's utility maximization and firm's cost minimization problems.
Explanation:
Lagrangian method is a mathematical strategy for finding the maxima and the minima of a function subject to equality constraints. Equality constraints mean that one or more equations have to be satisfied exactly by the chosen values of the variables. Named after the mathematician, Joseph-Louis Lagrange, the basic idea behind the Lagrangian method is to convert a constrained problem into a Lagrangian function.
Solvency is of most interest to:_____.
a. stockholders.
b. long-term creditors.
c. short-term creditors.
d. competitors.
Answer:
b. long-term creditors.
Explanation:
Meeting up with a corporations semipermanent depths and money obligations is what economic condition is seen to speak about; this can be why it's labelled to be the interest of the same creditors within the on top of question. within the end of the day, itbis seen that tons of corporations have negative shareholders’ equity, that is generally a symptom of insolvency; insinuates that an organization has no value, and this might even cause personal losses for little business homeowners if not protected by indebtedness terms if an organization should shut. In essence, if an organization was needed to right away fold, it'd have to be compelled to liquidate all of its assets and pay off all of its liabilities, going away solely the shareholders equity as a remaining valuehave negative shareholders’ equity, that may be a sign of financial condition.
A liquidity ratio measures the :___________.
A) income or operating success of an enterprise over a period of time
B) ability of the enterprise to survive over a long period of time.
C) short-term ability of the enterprise to pay its maturing obligations and to meet unexpected needs for cash.
D) number of times interest is earned.
Answer:
C. Short term ability of the enterprise to pay its maturing obligations and to meet unexpected needs for cash
Explanation:
Oftentimes enterprise need cash to meet its daily financially need or business obligations. The ability to meet such daily or short term need is called liquidity ratio.
The primary purpose why enterprises are in business is to make profit, however, its daily operations must continue which will be financed with cash. Liquidity ratio shows that an enterprise is financially buoyant to meet its unexpected needs for cash and also to pay its occurring business obligation.
Beacon Industries,Inc. thinking about having one of its products manufactured by a subcontractor.Currently , the cost of manufacturing 1,000 units follows :
Direct material $45,000
Direct labor 30,000
Factory overhead (30 % is variable ) 98,000
If Beacon can buy 1,000 units from a subcontractor for $ 100,000 , it should:_______
Answer:
It is cheaper to buy the product.
Explanation:
Giving the following information:
Production:
Direct material $45,000
Direct labor 30,000
Factory overhead (30 % is variable ) 98,000
Buy:
Total cost= $100,000
I will assume that none of the fixed overhead avoidable. Therefore, we will take into account only the variable overhead.
Total variable production cost= 45,000 + 30,000 + (98,000*0.3)
Total variable production cost= $104,400
It is cheaper to buy the product.
If a company sells its average quantity of goods in inventory every 14.6 days, its inventory turn ratio is:
Answer:
the inventory turnover ratio is 25 times
Explanation:
The computation of the inventory turnover ratio is shown below:
As we know that
Inventory turnover period = 365 ÷ inventory turnover ratio
So, the inventory turnover ratio is
= 365 days ÷ 14.6 days
= 25 times
Hence, the inventory turnover ratio is 25 times
We simply applied the above formula so that the correct value could come
And, the same is to be considered
The inventory turnover ratio would be 25 times
We know that inventory turnover period is computed as;
Inventory turnover period = 365 ÷ inventory turnover ratio
Therefore,
The inventory turnover ratio
= 365 days ÷ 14.6 days
= 25 times
It therefore means that If a company sells its average quantity of goods in inventory every 14.6 days, its inventory turn ratio is 25 times
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On December 31, 2019, Coolwear, Inc. had a balance in its supplies account of $48,400. During 2020, $86,000 was paid for new supplies. At the end of 2020, after adjusting entries were recorded, the balance in the supplies account was 42,000. Supplies expense for 2020 would be:_________
Answer:
$92,400
Explanation:
Supplies expense for 2020 would be calculated as;
= Ending balance in supplies account on December 31, 2019 + Payment for new supplies in 2020 - Balance in supplies account at the end of year 2020
Given that ;
Ending balance in supplies account = $48,400
Payment for new supplies = $86,000
Balance in supplies account at the end of year 2020 = $42,000
Therefore,
Supplies expense for 2020
= $48,400 + $86,000 - $42,000
= $92,400
Suppose Rhonda owns and operates a surf shop. Last week, Rhonda ran a 30-percent off sale on all items in her shop and her revenues decreased by 35 percent. Everything else held constant, it can be concluded with certainty that Rhonda's customers' demand is:________.
A. price inelastic
B. price elastic
C. unit elastic
Answer:
Explanation:
price elasticity of demand = percentage change in quantity demanded / percentage change in price
revenue = price x quantity
if price decreased by 30% and total revenue decreased by 35%, then PED is inelastic
a will show you in an example
original price = $10
original quantity = 100
if PED was unit elastic
= 30% / -30% = -1, sales volume increased by 30%
total revenue went form $1,000 to $910
if PED was elastic
= 50% / -30% = -1.7, sales volume increased by more than 30%, lets say 50%
total revenue went from $1,000 to $1,050
if PEd was inelastic
= 10% / -30% = -0.33, sales volume increased by less that 30%, lets say 10%
total revenue went from $1,000 to $770
the more inelastic, the larger the decrease in total revenue
The demand of Rhonda's customers would be characterized as:
A). Price Inelastic
"Price Inelastic demand" is described as the demand in which the demand remains a little affected by a bigger change in the price of that product or commodity. In the given situation, the demand for the surf at Rhonda's shop would be considered price inelastic because, despite the 30% off, the revenue of her shop decreased. This implies that the surf exemplifies an essential item and its consumers are not much affected by the fall in the price.
Thus, option A is the correct answer.
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According to the liquidity preference model, if the Federal Reserve increases the money supply, the equilibrium interest rate ________, and this leads to _________ in the quantity demanded of nonmonetary interest-bearing financial assets.
a) falls; an increase.b) falls; a decrease.c) rises; an increase.d) rises; a decrease.
Answer:
b) falls; a decrease
Explanation:
According to the liquidity preference model, if the Federal Reserve increases the money supply, the equilibrium interest rate falls and this leads to a decrease in the quantity demanded of non-monetary interest-bearing financial assets.
Liquidity preference model which is also the Keynesian theory of money demand, says that people need money for three major objective transaction motive, precautionary motive, and speculative motive. The increase in money supply decreases interest rate and increases the quantity of money demanded and the decreases the quantity demanded of non-monetary interest-bearing financial assets.
Bank reserves are $200, the public holds $1000 in currency, and the reserve-deposit ratio is 20%. What is the Value of Bank Deposits? What is the Money Supply? Suppose that the Fed sells $50 worth of bonds in an "open market sale." Assuming that the public does not wish to change the amount of currency it holds, what is the new money supply after this open market purchase? Please enter your answers as numerical responses (ie. 100 or $100 not "One Hundred Dollars")
Answer:
What is the Value of Bank Deposits?
bank deposits = bank reserves / required reserve ratio = $200 / 20% = $1,000
What is the Money Supply?
money supply = bank deposits + currency held by the public = $1,000 + $1,00 = $2,000
Suppose that the Fed sells $50 worth of bonds in an "open market sale." Assuming that the public does not wish to change the amount of currency it holds, what is the new money supply after this open market purchase?
if the FED sells $50 worth of bonds, money supply will decrease by $50 x (1 / 20%) = $50 x 5 = $250
total money supply = $2,000 - $250 = $1,750
Which of the following are established by ASC 280 as "enterprisewide disclosure" standards to provide more information about the risks to a company?
I. Information about dominant industry segments.
II. Information about major customers.
III. Information about geographic areas.
A. Both II and III
B. I, II, and III
C. Both I and II
D. Both I and III
Answer:
A. Both II and III
Explanation:
As the major customers information and the geographic areas information would be created by the ASC 280 as disclosure of enterprise wide standard that provide the information more related to the company risk. Also it is needed to the public entities to disclose the information with respect to the operating segments i.e. reportable in the finished financial statements set
Therefore the correct option is A.
ou have $425 today which is enough to buy 17 shirts. If the price of shirts are expected to increase by 2% over the next year, what (precise) nominal rate would you have to earn to be able to buy 20 shirts next year
Answer:
the nominal rate is 19.65%
Explanation:
The computation of the nominal rate earned is shown below;
The Price of 17 shirts today is $425
Now the price for 20 shirts today is
= $425 × 20 ÷ 17
= $500
Now the real rate needed next year is
= $500 ÷ $425 - 1
= 17.65%
Now the nominal rate needed is
= real rate + inflation rate
= 17.65% + 2%
= 19.65%
Hence, the nominal rate is 19.65%
Some individuals argue that accountants should focus on producing financial statements and leave the design and production of managerial reports to information systems specialists. What are the advantages and disadvantages of following this advice? To what extent should accountants be involved in producing reports that include more than just financial measures of performance? Why?
Answer:
If this advice was followed, two systems would result which means higher costs. Accountants must be aware of what is happening in the organization in order to perform correctly. This doesn't mean that only accountants should be involved, but you cannot exclude them.
Accountants are trained in systems development and they should be able to produce reliable information. In order for information to be useful, it must be reliable and relevant. If accountants do not participate in the development of a company's system, then the quality of the information will decrease. Non-reliable information is not useful.
The waiter told Janis that the cake has fewer carbohydrates (carbs) than the pie, and that the pudding has more carbs than the pie. What relational responses are combinatorially entailed and likely to be reinforced in this context?
Answer:
The waiter told Janis that the cake has fewer carbs than the pie, and that the pie has fewer carbs than the pudding. Janis can associate both messages and infer that the cake has fewer carbohydrates than the pudding without the waiter explicitly telling her that.
A (cake) < B (pie)
B < C (pudding)
therefore,
A < C
Suppose ABC Bank offers to lend you $1,000 at a nominal rate of 8%, compounded monthly. The loan (principal plus interest) must be repaid at the end of the year. Bank XYZ also offers to lend you the $1,000, but it will charge 9%, with interest due at the end of the year. What is the difference in the effective annual rates charged by the two banks?
Answer:
The difference in the effective annual rates charged by the two banks is:
0.7%.
Explanation:
a) Data and Calculations:
ABC Bank lending = $1,000
Rate of interest = 8% compounded monthly
Effective monthly rate of interest = 8%/12 = 0.667
FV (Future Value) $1,083.00
PV (Present Value) $1,000.00
N (Number of Periods) 12.000
I/Y (Interest Rate) 0.667%
PMT (Periodic Payment) $0.00
Starting Investment $1,000.00
Total Principal $1,000.00
Total Interest $83.00
Effective annual interest rate = $83/$1,000 * 100 = 8.3%
Bank XYZ lending = $1,000
Rate of interest = 9% annually
FV (Future Value) $1,090.00
PV (Present Value) $1,000.00
N (Number of Periods) 1.000
I/Y (Interest Rate) 9.000%
PMT (Periodic Payment) $0.00
Starting Investment $1,000.00
Total Principal $1,000.00
Total Interest $90.00
Effective annual interest = 9%
Difference in rates = 9% - 8.3% = 0.7%
b) Bank XYZ charges more interest by 0.7% thank ABC Bank.
A coupon bond that pays interest of $60 annually has a par value of $1,000, matures in 5 years, and is selling today at a $75.25 premium from par value. The current yield on this bond is _________.
a. 6%
b. 6.49%
c. 6.73%
d. 7%
Answer:
b. 6.49%
Explanation:
Calculation for The current yield on this bond
First step is to calculate the Current price
Current price = $1,000 - 75.25
Current price = $924.75
Now let calculate the Current yield using this formula
Current yield =Coupon bond interest/Current price
Let plug in the formula
Current yield = $60/$924.75
Current yield = 6.49%
Therefore the current yield on this bond is 6.49%
A good or service intended primarily for use in producing other goods or services is a ____ product.
Mark, a project manager for a bottling company, has a $500,000 budget. As of today's date, $100,000 has been spent on the project. What is the project's actual cost?
a. $500,000
b. $400,000
c. $250,000
d. $100,000
which of the following is an example of a substitute for leadership within an organization?
a. expert employees who have been trained with the company for years
b. personalities of employees
c. lack of established norms within the company
d. low tech ability with the staff
Answer:
B; Personality of the employees
How do the entry and exit of firms in a purely competitive industry affect resource flows and long-run profits and losses?
Answer:
The fact that in a purely competitive industry there are neither barriers to entry nor barriers to exit is what makes economic profit, in this type of industry, impossible in the long-run.
This is because when there is economic profit in the industry, firms are lured to enter, saturating the market, and lowering economic profit to zero in the process. When this happens, some firms opt out of the industry, bringing economic profit back to positive territory, causing the cycle to repeat itself.
When people are differentiated in terms of their aesthetic and intellectual preferences, a ________ concept is being applied.
A) cultural code designation
B) social cluster
C) taste culture
D) consumption constellation
Answer: C) taste culture
Explanation:
Taste culture refers to the preferences that person holds that are based on intellectual and aesthetic values that are dear to them. Essentially, it refers to people's tastes.
An example would be the tendency of young people to wear fashionable clothing. When people are grouped according to these aesthetic or intellectual preferences, they are being grouped by taste culture.
You want to buy a new sports coupe for $92,500, and the finance office at the dealership has quoted you an APR of 74 percent for a 60 month loan to buy the car
a. What will your monthly payments be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.
b. What is the effective annual rate on this loan? (Do not round intermediate celculations. Enter your answer as a percent rounded to 2 decimal places, e.g. 32.16.)
a. Monthly payment
b. Effective annual rate
Answer:
a) we must first determine the effective interest rate
effective monthly interest rate = APR / 12 = 7.4% / 12 = 0.617%
monthly payment = present value x annuity factor
present value = $92,500
PV annuity factor, 0.617%, 60 periods = 50.024
monthly payment = $92,500 / 50.024 = $1,849.12
b) effective annual rate = (1 + 7.4%/12)¹² - 1 = 0.076562 = 7.66%
The price elasticity of demand (based on the midpoint formula) when price increases from $10 to $12 is:______
Answer:
the price elasticity of demand is 1
Explanation:
The price elasticity of the demand using mid point formula is as follows:
Price elasticity of the demand is
= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of quantity demanded)
where,
Change in quantity demanded is
= Q2 - Q1
= 36 - 30
= 6
And, average of quantity demanded is
= (36 + 30) ÷ 2
= 33
Change in price is
= P2 - P1
= $12 - $10
= $2
And, the average of price is
= ($12 + $10) ÷ 2
= 11
So, the price elasticity of demand is 1
Students who choose to attend graduate or medical school are often rewarded with higher wages because they have acquired more:__________.
a. debt than other students.
b. human capital.
c. union rights.
d. physical capital.
Answer:
B
Explanation:
Human capital can be described as the skill sets, knowledge or skills that an individual possesses.
Students who attend graduate or medical school acquire more human capital than those who didn't and as a result are paid higher wages.
Boston Company sells thirty items for $800 per unit and has a cost of goods sold per unit of $480. The gross profit to be reported for selling 30 items is:_____________A) $320.B) $9,600.C) $14,400.D) $24,000.
g A Mortgage Backed Bond is: Group of answer choices a. A mortgage-backed security that pass-through promised payments of principal and interest on pools of mortgages b. A mortgage-backed security issued in multiple classes or tranches c. A bond collateralized by a pool of mortgages d. An option to purchase a pool of mortgages e. A loan in which security interest in real estate is granted by a borrower
Answer:
A Mortgage Backed Bond is:
e. A loan in which security interest in real estate is granted by a borrower.
Explanation:
A mortgage backed bond is tied to or secured on a real estate asset. This implies that the bond is not just a promise to pay a debt obligation but the attached promise is secured or backed by some real assets. There is extra security provided for the bond because specific assets are identified as securities for the bond. Since the bonds are associated with some real assets, the assets can be traded in the event that the debt obligations are not met.
Assume a company has two divisions, A and B. The company’s overall sales, overall contribution margin ratio, common fixed expenses, and net operating income are $500,000, 48%, $50,000, and $10,000, respectively. Division A has a contribution margin of $180,000. If Division B has traceable fixed expenses of $80,000, then what is Division A’s segment margin? Multiple Choice $80,000 $40,000 $20,000 $60,000
Answer:
$60,000
Explanation:
total sales A + B = $500,000
variable expenses = $260,000
combined contribution margin = $240,000
contribution margin A = $180,000
contribution margin B = $60,000
combined segment margins = $60,000 (= -$20,000 + $80,000)
segment margin B = -$20,000
segment margin A = $80,000
common fixed expenses = $50,000
net income = $10,000
The margin available after a segment has covered all of its costs is known as segment margin. The segment profit margin is $60,000 per segment. As a result, option (d) or (iv) is the proper response.
How do you compute segment margin?[tex]\text{total sales A + B} = $500,000\\\text{Variable expenses} = $260,000\\\text{Combined contribution margin} = $240,000\\\text{Contribution margin A} = $180,000\\\text{contribution margin B} = $60,000\\\text{combined segment margins} = $60,000 (= -$20,000 + $80,000)\\\text{segment margin B} = -$20,000\\\text{segment margin A} = $80,000\\\text{common fixed expenses} = $50,000\\\text{net income}= $10,000[/tex]
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Rita wants to be involved in business. She has a fair amount of money to invest, but she does not want to be involved in management. She wants to form a business in the quickest way possible under her circumstances. Which form of business would be best for Rita?
A. Limited partnership
B. Sole proprietorship
C. LLC
D. Corporation
The form of business that would be best for Rita, based on her money and her unwillingness to be in management, is A. Limited partnership
What is a Limited partnership?A limited partnership consists of one or more limited partners and a general partner, who administers the company and is personally liable for all debts and obligations of the partnership but has limited liability.
Rita's best course of action will be a limited partnership because limited partners (who invest their money or property in the business, do not have the right to make decisions regarding the operation of the business, and do not have personal liability for business debts). The limited partnership was created to give limited partners the opportunity to invest in the company without having to worry about personal liability.
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The Dennis Company reported net income of $50,000 on sales of $300,000. The company has average total assets of $500,000 and average total liabilities of $100,000. What is the company's return on equity ratio?
A) 10.0%.B) 16.7%.C) 12.5%.D) 50.0%.
Answer:
C) 12.5%
Explanation:
The computation of the return on equity is shown below
Return on equity is
= net income ÷ equity
where,
equity is
= Total assets - total liabilities
= $500,000 - $100,000
= $400,000
Now the return on equity is
= $50,000 ÷ $400,000
= 12.50%
Hence, the return on equity is 12.50%
Therefore the corredct option is c.
Answer please? Images provided
Answer:
An increase in demand
Explanation:
The graph illustrates a shift in demand curves to the right. As a result, the equilibrium price and quantity have increased.
A demand curve will shift to the right due to an increase in demand caused by non-price factors. An increase in demand means that the quantity demanded increases at all the price levels. Factors that may cause an increase in demand include a change in consumer preferences and tastes, an increase in the price of substitute goods, or a rise in demand for a complement product.