In the short run or in shorter time periods supply curves tend to:_______
a) be perfectly elastic
b) be more inelastic than supply curves that apply to longer periods of time
c) be more elastic than supply curves that apply to longer periods of time
d) have a price elasticity of supply that's approximately equal to 1

Answer:

b) be more inelastic than supply curves that apply to longer periods of time.

Explanation:

In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply. In order to understand both short-run economic fluctuations and how the economy move from short to long run, we need the aggregate supply and aggregate demand model.

Aggregate supply (AS) refers to the total quantity of output (goods and services) that firms are willing to produce and sell at a given price in an economy at a particular period of time.

An aggregate supply curve gives the relationship between the aggregate price level for goods or services and the quantity of aggregate output supplied in an economy at a specific period of time.

In the short run or in shorter time periods supply curves tend to be more inelastic than supply curves that apply to longer periods of time.

This ultimately implies that, a rightward shift in the aggregate supply (AS) curve causes output to increase and result in a price fall (lower price), in the short run.

However, in the long-run or in longer time periods, supply curves tend to be fairly elastic than supply curves that apply to shorter periods of time.

A Parent Company owns 100 percent of its Subsidiary. During 2018, the Parent company reports net income (by itself, without any investment income from its Subsidiary) of $650,000 and the subsidiary reports net income of $260,000. The parent had a bond payable outstanding on January 1, 2018, with a carrying value equal to $546,000. The Subsidiary acquired the bond on January 1, 2018 for $513,500. During 2018, the Parent reported interest expense (related to the bond) of $45,500, while the Subsidiary reported interest income (related to the bond) of $41,600. What is consolidated net income for the year ended December 31, 2018

Dazzle, Inc. produces beads for jewelry making use. The following information summarizes production operations and sales activities for June. The journal entry to record June sales is:____
Direct materials used $74,000
Direct labor used $136,100
Pre-determined overhead rate
(based on direct labor) 120%
Goods transferred to
finished goods $444,000
Cost of goods sold $456,000
Credit sales $831,600
A. Debit Accounts Receivable $831,600; credit Cost of Goods Sold $831,600.
B. Debit Accounts Receivable $831,600; credit Sales $375,600; credit Finished Goods Inventory $456,000.
C. Debit Cost of Goods Sold $456,000; credit Sales $456,000.
D. Debit Finished Goods Inventory $456,000; debit Sales $831,600; credit Accounts Receivable $831,600; credit Cost of Goods Sold $456,000.
D. Debit Accounts Receivable $831,600; credit Sales $831,600; debit Cost of Goods Sold $456,000; credit Finished Goods Inventory $456,000.

The Postal Service is negotiating a new three-year agreement with two of its unions. One represents the clerks and one the mail carriers. The USPS negotiators are in two separate teams, one negotiating with each of the two unions. The two unions are not affiliated or legally tied to each other in any way, but they do talk informally. After both negotiations have concluded, the USPS management negotiators discovered that the clerk union and the carrier union were sharing information about what they were getting from management. For example, at the time that the clerk union was seeking to have management pay 50% of health insurance, the carrier union quietly told the clerk union that management had tentatively agreed to pay 55% for the carriers. Knowing this, the clerks decided to raise the demand to 55%, and were ultimately successful. The USPS is now considering a lawsuit or filing an Unfair Labor Practice for the unions sharing this information during the conduct of active negotiations, and voiding the 55% coverage of health care insurance that had been agreed to for the clerk union, arguing that it was negotiated based on illegally obtained information. Which of the following is most correct?
A. The actions of the clerk and carrier unions are not prohibited, and management does not have any recourse to recover damages nor to win an Unfair Labor Practice.
B. The actions of the clerk and carrier unions are not prohibited, and management cannot fire an Unfair Labor Practice. USPS can successfully sue both unions for damages related to the 55% paid for health care insurance for clerks.
C. This is an example of a lock-in agreement between the two unions and is prohibited by the NLRB.
D. All of the above are correct.

To find the Average, the Max and Min of a set of numbers you must go to the ___________ tab

We've talked a lot about "fixed" and "variable" expenses. We've talked about the way these expenses impact your budget and your savings. We also talked about one big thing you can do about variable expenses that you cannot usually do about your fixed expenses. What was the big thing you can do?

g A decrease in Inventory is reported as: Group of answer choices Operating Activities, Positive cash flow adjustment to net income Operating Activities, Negative cash flow adjustment to net income Investing Activities, Positive cash flow Investing Activities, Negative cash flow Financing Activities, Positive cash flow Financing Activities, Negative cash flow

Alana Company manufactures books. Manufacturing a book takes 10 units of A1 and 1 unit of A2. Scheduled production of books for the next two months is 1,000 and 1,200 units, respectively. Beginning inventory is 4,000 units of A1 and 30 units of A2. The ending inventory of A1 is planned to decrease 500 units in each of the next two months, and the A2 inventory is expected to increase 5 units in each of the next two months.
How many units of A1 does Alana Company expect to use in production during the second month?
A) 12,000 units
B) 12,500 units
C) 10,000 units
D) 10,750 units

Game theory assumes that: Group of answer choices firms anticipate rival firms' decisions when they make their own decisions. firms ignore rival firms' decisions when they make their own decisions. a firm will always follow the pricing strategy of the dominant firm in the industry. markets are contestable because there are no barriers to entry.

Cioffi Manufacturing Company incorporates standards in its accounts and identifies variances at the time the manufacturing costs are incurred. Journalize the entries to record the following transactions:

a. Purchased 2,450 units of copper tubing on account at $52.00 per unit. The standard price is $48.50 per unit.
b. Used 1,900 units of copper tubing in the process of manufacturing 200 air conditioners. Ten units of copper tubing are required, at standard, to produce one air conditioner.

Identify the form of communication in which an individual both speaks up for their rights and also takes others' rights and feelings into account.

a.Assertive communication

b.Passive communication

c.Aggressive communication

d.Empathetic communication

The following data were accumulated for use in reconciling the bank account of Nakajima Co. for July:
Cash balance according to the company's records at July 31, $18,410.
Cash balance according to the bank statement at July 31, $19,540.
Checks outstanding, $3,740.
Deposit in transit, not recorded by bank, $3,000.
A check for $270 issued in payment of an account was erroneously recorded in the check register as $720. Bank debit memo for service charges, $60.
A. Prepare a bank reconciliation.
B. If the balance sheet is prepared for Mathers Co. on July 31, what amount should be reported for cash?

Kelso Electric is debating between a leveraged and an unleveraged capital structure. The all equity capital structure would consist of 29,000 shares of stock. The debt and equity option would consist of 17,000 shares of stock plus $220,000 of debt with an interest rate of 6 percent. What is the break-even level of earnings before interest and taxes between these two options? Ignore taxes.

If you find yourself in trouble with a credit and you can't make your payments, what should you do?

at is Dantzler's horizon, or continuing, value? (Hint: Find the value of all free cash flows beyond Year 3 discounted back to Year 3.) Round your answer to two decimal places. Enter your answer in millions. For example, an answer of $13,550,000 should be entered as 13.55. $ fill in the blank 2 million What is the firm's value today? Round your answer to two decimal places. Enter your answer in millions. For example, an answer of $13,550,000 should be entered as 13.55. Do not round your intermediate calculations. $ fill in the blank 3 million Suppose Dantzler has $119 million of debt and 5 million shares of stock outstanding. What is your estimate of the current price per share? Round your answer to two decimal places. Write out your answer completely. For example, 0.00025 million should be entered as 250. $ fill in the blank 4

Blossom, Inc. began work in 2021 on a contract for $20720000. Other data are as follows: 2021 2022 Costs incurred to date $8880000 $13900000 Estimated costs to complete 5920000 0 Billings to date 6960000 20800000 Collections to date 4960000 17900000 If Blossom uses the percentage-of-completion method, the gross profit to be recognized in 2021 is $3552000. $4000000. $5560000. $5920000.

Suppose the following bond quotes for IOU Corporation appear in the financial page of today’s newspaper. Assume the bond has a face value of $2,000 and the current date is April 19, 2018. Company (Ticker) Coupon Maturity Last Price Last Yield EST Vol (000s) IOU (IOU) 6 Apr 19, 2034 111.44 ?1,851 a. What is the yield to maturity of the bond?

Bonds often pay a coupon twice a year. For the valuation of bonds that make semiannual payments, the number of periods doubles, whereas the amount of cash flow decreases by half. Using the values of cash flows and the number of periods, the valuation model is adjusted accordingly.
Assume that a $1,000,000 par value, semiannual coupon U.S. Treasury note with five years to maturity (YTM) has a coupon rate of 3%. The yield to maturity of the bond is 7.70%.
Using this information and ignoring the other involved, calculate the value of the Treasury note:
a) $509,016.47
b) $686,768.25
c) $969,555.18
d) $807,962.65.
Based on your calculations and understanding of semiannual coupon bonds, complete the following statement:
Assuming that interest rates remain constant, the T-note's price is expected to:___________.

The following information is available for the pension plan of Concord Company for the year 2020.

Actual and expected return on plan assets $13,800
Benefits paid to retirees 38,400
Contributions (funding) 79,900
Interest/discount rate 10%
Prior service cost amortization 7,800
Projected benefit obligation, January 1, 2020 452,000
Service cost 54,700

Required:
Compute pension expense for the year 2020.

The income statement, balance sheets, and additional information for Virtual Gaming Systems are provided. $2,510,000 2,500 2,512,500 VIRTUAL GAMING SYSTEMS Income Statement For the Year Ended December 31, 2021 Net sales Gain on sale of land Total revenues Expenses: Cost of goods sold $1,605,000 Operating expenses 606,000 Depreciation expense 24,000 Interest expense 25,000 Income tax expense 71,000 Total expenses Net income 2.331,000 $ 181,500 VIRTUAL GAMING SYSTEMS Balance Sheets December 31 2021 2020 $ 211,140 73,900 146,500 4,060 $ 154,980 89,000 136,000 6,220 Assets Current assets Cash Accounts receivable Inventory Prepaid rent Long-term assets Investments Land Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Interest payable Income tax payable Long-term Habilities Notes payable Stockholders' equity Common stock Retained earnings Total abilities and stockholders' equity 196.000 210,500 232,000 (229,500) $944,600 110,000 261,000 211,000 (205,500 $ 862,600 30,500 1,200 21,400 $ 89,000 3,100 24,500 226,000 247,000 361,000 280.500 310,000 210.000 $862.600 Additional Information for 2021: 1. Purchase additional investment in stocks for $86,000 2. Sell land costing $50,500 for $53,000, resulting in a $2,500 gain on sale of land. 3. Purchase $21,000 in equipment by issuing a $21.000 long-term note payable to the seller. No cash is exchanged in the transaction 4. Declare and pay a cash dividend of 5111,000. 5. Issue common stock for $51.000.
Required: Prepare the statement of cash flows for Virtual Gaming Systems using the direct method.

To qualify for a debt consolidation loan, you must have some type of collateral that secures the payment of the debt.
a. True
b. False

Which of the following factors is likely to have a positive impact on the success of a TQM program? Check all that apply. Employees work at tasks that require high skills. Continuous improvement becomes a way of life. Managers expect to see dramatic innovations as a result of TQM. Employees use participation and teamwork to tackle significant problems.

A semiprofessional baseball team near your town plays two home games each month at the local baseball park. The team splits the concessions 50/50 with the city but keeps all the revenue from ticket sales. The city charges the team $100 each month for the three-month season. The team pays the players and manager a total of $1000 each month. The team charges $10 for each ticket, and the average customer spends $8 at the concession stand. Attendance averages 30 people at each home game.

The team earns $_________in revenue for each game and $_________ revenue each season. With total costs of $_________ each season, the team finishes the season with $_________ of profit.

Oriole Company sells office equipment on July 31, 2022, for $21,000 cash. The office equipment originally cost $73,600 and as of January 1, 2022, had accumulated depreciation of $42,300. Depreciation for the first 7 months of 2022 is $5,250. Prepare the journal entries to (a) update depreciation to July 31, 2022, and (b) record the sale of the equipment.

Concept manufactures small tables in its Processing Department. Direct materials are added at the initiation of the production cycle and must be bundled in single kits for each unit. Conversion costs are incurred evenly throughout the production cycle. Before inspection, some units are spoiled due to undetectable materials defects. Inspection occurs when units are completed. Spoiled units generally constitute 3% of the good units. Data for December 2017 are as follows: WIP, beginning inventory 12/1/2017 17,600 units Direct materials (100% complete) Conversion costs (20% complete) Started during December 60,900 units Completed and transferred out 12/31/2017 58,200 units WIP, ending inventory 12/31/2017 18,000 units Direct materials (100% complete) Conversion costs (80% complete) Costs for December: WIP, beginning Inventory: Direct materials $183,600 Conversion costs 92,500 Direct materials added 269,280 Conversion costs added 352,800 Abnormal spoilage totals ________.

You own a portfolio that is composed of stocks and bonds. You decided to add a cryptocurrency to the portfolio. Four major cryptocurrencies are available in the market and they are BTC (Bitcoin), ETH (Ether), XRP (Ripple), and LTC (Litecoin). You are going to allocate 10 percent of the portfolio to only one of these cryptocurrencies. Before investing the funds in a cryptocurrency, you estimated the expected return of the overall portfolio and the standard deviation of returns of the portfolio. The Table shows you those numbers (ER means expected return; SD means the standard deviation of returns; RF stands for the risk-free rate of return).
RF = 3%.
Which combination will to select and why?
ER SD
Original Portfolio + BTC 18% 7%
Original Portfolio + ETH 21% 12%
Original Portfolio + XRP 34% 20%
Original Portfolio + LTC 15% 9%

Below are the simplified current and projected financial statements for Decker Enterprises. All of Decker's assets are operating assets. All of Decker's current liabilities are operating liabilities. Income statement Current Projected Sales na 1,500 Costs na 1,080 Profit before tax na 420 Taxes (25%) na 105 Net income na 315 Dividends na 95 Balance sheets Current Projected Current Projected Current assets 100 115 Current liabilities 70 81 Net fixed assets 1,200 1,440 Long-term debt 300 360 Common stock 500 500 Retained earnings 430 650 If Decker had a financing deficit, it could remedy the situation by a. borrowing from retained earnings b. borrowing on its line of credit c. paying down its long-term debt d. buying back common stock e. paying a special dividend

Restricted stock units (RSUs): Multiple Choice are a grant valued in terms of a set number of shares of company stock. are reported as a liability if payable in shares rather than cash. are recorded based on a value estimated by a restricted stock valuation model. represent shares issued at the date of grant that must be returned if the recipient fails to satisfy the vesting requirement.

What is the basic aim of the National Labor Relations Act?
A. Protecting workers' rights to organize and join a union
B. Requiring HR departments to engage in labor relations
C. Requiring employers to provide safe working conditions
D. Requiring employers to provide equal employment opportunity

A manufacturing company that has only one product has established the following standards for its variable manufacturing overhead. The company uses machine-hours as its measure of activity.
Standard Hours per Unit of Output 8.1 machine hours
Standard Variable Overhead Rate $14.30 per machine hour
The following data pertain to operations for the last month:
Actual Hours 1,700 machine hours
Actual Total Variable Overhead Cost $24,905
Actual Output 200 units
What is the variable overhead efficiency variance for the month?
a. $567 favourable.
b. $1,144 unfavourable.
c. $1,172 favourable.
d. $1,172 unfavourable.

New shale gas deposits are found in North Dakota :
A. Long-run aggregate supply shifts.
B. Short-run aggregate supply shifts,
C. Both shift.
D. Neither shifts
Hot weather leads to lower crop yields in the Midwest.
A. long run agregate supply shifts.
B. Short-run agregate supply shifts.
C. Both shift
D. Neither shifts