Complete Question:
Complete the sentences with the correct form of the verb to be (am, is, are).
Answer:
a) is.
b) are.
c) am.
d) is.
e) are.
f) is.
g) is.
h) are.
Explanation:
A verb is one of the parts of speech in English language. Verbs can be defined as any word that describes an action, occurrence, or state of existence. Some examples of verb are dance, sing, walk, play, run, sit, etc.
A present continuous tense is simply used to describe an action that is being performed at the moment (on-going) or an unfinished action.
Completing the sentences with the correct form of verb, we have;
a) She is studying maths.
b) They are having breakfast.
c) I am drinking lemonade.
d) It is raining at the moment.
e) You are sitting in my chair
f) He is listening to music.
g) My sister is doing her homework.
h) Her children are making dinner.
On March 12, Klein Company, Inc. sold merchandise in the amount of $7,800 to Babson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,500. Klein uses the perpetual inventory system. On March 15, Babson returns some of the merchandise. The selling price of the returned merchandise is $600 and the cost of the merchandise returned is $350. The entry or entries that Klein must make on March 15 is:
Answer:
Date Account Title Debit Credit
March 15, Sales returns and allowances $600
Accounts Receivable $600
Merchandise Inventory $350
Cost of Goods Sold $350
____ is a customer's subjective assessment of benefits relative to costs in determining the worth of a product.
Answer:
Value
Explanation:
A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.
According to the economist Philip Kotler in his book titled "Marketing management" he stated that, there are five (5) levels of a product. This includes;
1. Core benefit.
2. Generic product.
3. Expected product.
4. Augmented product.
5. Potential product.
The core benefit of a product can be defined as the basic (fundamental) wants or needs that is being satisfied, met and taken care of when a customer purchase a product.
In Economics, value is a subjective assessment of benefits by a customer with respect to costs in determining the worth of a product.
For example, a hotel provides a comfortable and convenient bed to spend the night (sleep) when you travel for a vacation at a price.
On January 1, Garcia Supply leased a truck for a four-year period, at which time possession of the truck will revert back to the lessor. Annual lease payments are $10,000 due on December 31 of each year, calculated by the lessor using a 5% discount rate. Negotiations led to Garcia guaranteeing a $36,000 residual value at the end of the lease term. Garcia estimates that the residual value after four years will be $35,000. What is the amount to be added to the right-of-use asset and lease liability under the residual value guarantee
Answer:
Following are the response to the given choice.
Explanation:
A residual value guaranteed 36000
Less: Residual value expected 35000
Difference 1000
5%, 5 periods PV Factor 0.7835
PV of the amount added $784
Added Amount = $784
Suppose the government decides that every family should own its own home. To bring this about, the government decides to subsidize the home-construction industry by giving the home-construction companies $10,000 for every house that they build. As a result of this,
Answer: the supply curve of new houses would shift rightward, since builders would be willing to produce and sell more houses at each given price.
Explanation:
Since the government decides to subsidize the home-construction industry by giving the home-construction companies $10,000 for every house that they build, then the supply curve of new houses would shift rightward, since builders would be willing to produce and sell more houses at each given price.
Builders will be willing to produce more houses because they'll intend to get the $10000 given by the government and this will be a source of motivation. Therefore, the supply curve will shift to the right.
Tamekia reports that the market leader in the TZX mitt category has 60 percent of all sales in the market and spends $240,000 a year, or 60 percent of all advertising expenditures, to support the brand. Under the share of market/share of voice system, Great Catch should be prepared to spend at least ________ if it hopes to achieve a market share of 30 percent.
Answer: $120000
Explanation:
Share of voice refers to the measure of the exposure that a particular business gets when it's being compared to other competitors. The share of market is the percentage of a market that a company earns.
From the information given, since 60% of the market sales equate to $240000 spent a year, then in order to achieve a market share of 30%, ½ of $240000 will be spent which is $120000. Therefore, Great Catch should be prepared to spend at least $120000 if it hopes to achieve a market share of 30 percent.
A low-cost leader can translate its low-cost advantage over its rivals into superior profit performance by
Answer:
either using its low-cost edge to underprice competitors and attract price sensitive buyers in large enough numbers to increase total profits or refraining from price-cutting and using the low-cost advantage to earn a bigger profit margin on each unit sold.
Explanation:
Competitive advantage is the edge that a firm has over others in the same industry that results in higher profit margins for them.
One of the importance competitive advantages is price advantage.
This results from the firm being a low cost leader. Their cost of production is low enough for them to attract customers that are price sensitive leading to increased profits.
Also they can underprice their competitors or earn profit margins on the reduced cost of production per unit
Answer:
The low-cost leader can try to underprice the rest of the competition in order to attract more customers. Lower prices should increase total sales volume which will help to increase profits by offsetting fixed costs and increasing the total contribution margin. This strategy can be used as long as the firm is able to produce under economies of scale.
Explanation:
Users especially rely on this information to predict future operations. Many users view this section as the most important:
Answer: a. Continuing operations.
Explanation:
When a company prepares its financial statements, it does this assuming the principle of going concern which is that operations will continue in the near future. The information that is therefore shown, unless specified otherwise, is from continuing operations.
Users of financial statements rely on this information from continuing operations to analyze what the company is likely to do in future or how it is likely to perform. It is therefore a very important section as it shows whether stakeholders should remain invested in the company.
What is the appropriate leadership style for an employee that is low in skills but is anxious to learn
Answer:
Selling
Explanation:
a transportation service provider that handles shipments on a case-by-case basis, without the need for long-term agreements or contracts Unselected a service firm that handles all of the logistics requirements for other companies Unselected a transportation service provider that handles shipments for other firms based on long-term agreements or contracts Unselected an agent who serves as an intermediary between an organization shipping a product and the actual carrier, typically on international shipments Unselected
Answer:
1. Common (public) carrier.
2. Third-party logistic provider (3PL).
3. Contract carriers.
4. Freight forwarder.
Explanation:
Supply chain management can be defined as the effective and efficient management of the flow of goods and services as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers.
Generally, the supply chain management involves all the activities associated with planning, execution and supply of finished goods and services to the consumers.
Some of the service providers in the supply and logistics chain management are;
1. Common (public) carrier: a transportation service provider that handles shipments on a case-by-case basis i.e based on the type of shipment, without entering into long-term agreements or contracts.
2. Third-party logistic provider (3PL): a service firm that is saddled with the responsibility of handling all of the logistics requirements for other companies.
3. Contract carriers: a transportation service provider that handles shipments for other firms based on long-term agreements or contracts. It is simply the opposite of common (public) carriers. Shipments from different local businesses may be combined by a contract carrier through the use of a consolidation warehouse.
4. Freight forwarder: an agent who serves as an intermediary between an organization shipping a product and the actual carrier, typically on international shipments. Thus, he or she is a middleman between the organization whose product is being shipped and the carrier company, especially for international freights.
Family Farms Inc., a company which deals in dairy products, adheres to a standard of behavior for its employees, and it follows certain practices that reflect the moral principles and values held by the company and that guide the conduct of the individuals in the company. Which practice is described in this scenario
Answer:
The right response is "Business ethics".
Explanation:
An ethics framework that always considers the moral standards as well as problems that occur mostly in a corporation but also function as a guide for the behavior of people throughout the organization.Meanwhile, corporation governments facilitate the collection of values and conventions governing as well as controlling the business of the company.Mr. Capadona would like to purchase a Medicare Advantage (MA) plan and a Medigap plan to pick up costs not covered by that plan. What should you tell him
Answer: It is illegal for you to sell Mr. Capadona a Medigap plan if he is enrolled in an MA plan, and besides, Medigap only works with Original Medicare.
Explanation:
Since we've the information that Mr Capadona would like to purchase a Medicare Advantage (MA) plan and a Medigap plan to pick up costs not covered by that plan.
Based on the above, he should be told that it is illegal for you to sell Mr. Capadona a Medigap plan if he is enrolled in an MA plan, and besides, Medigap only works with Original Medicare.
According to equity theory, in order to restore equity or fairness of a work situation a worker may ______. (select all that apply)
Group of answer choices.
A. try to have the inputs of coworkers increased
B. try to increase the outputs of coworkers
C. try to increase his or her own outputs
D. try to increase his or her own inputs
Answer:
A. try to have the inputs of coworkers increased.
C. try to increase his or her own outputs.
Explanation:
Adam Smith was a Scottish political economist, social and moral philosopher, author and he is famously considered to be the father of modern economics. Smith was born on the 5th of June, 1723 in Kirkcaldy, United Kingdom and he died on the 17th of July, 1790 in Panmure House, Edinburgh, United Kingdom.
The equity theory by Adam Smith helps to measure and strike a balance between the work input and output of a worker.
An equality norm can be defined as a reward system in which the employer or human resource manager decide to compensate or pay the entire workforce the same amount of money without discrimination or favoritism.
Basically, it's paid regardless of individual productivity levels, in order to promote the ability to work effectively in groups.
According to equity theory, in order to restore equity or fairness of a work situation a worker may;
I. Try to have the inputs of coworkers increased.
II. Try to increase his or her own outputs.
One significant component of _____ can be the investment a seller makes in equipment or in the hiring of skilled employees to supply the product or service to the buyer.
Answer:
Transaction cost
Explanation:
Transaction cost is defined as costs that a person bears in the process of buying or selling of a product.
For example the commission that is paid to a broker for completing a transaction, cost of transportation that is spent when completing an exchange, and time for completing the purchase are all examples of transaction cost.
In the given instance transaction cost is exemplified by the investment a seller makes in equipment or in the hiring of skilled employees to supply the product or service to the buyer.
Wardsworth, Inc., manufactures and sells two products: Product I9 and Product Z9. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Expected Production Direct Labor-Hours Per Unit Total Direct Labor-Hours Product I9 700 6.0 4,200 Product Z9 900 8.0 7,200 Total direct labor-hours 11,400 The direct labor rate is $26.00 per DLH. The direct materials cost per unit for each product is given below: Direct Materials Cost per Unit Product I9 $ 226.10 Product Z9 $ 151.20 The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Activity Cost Pools Activity Measures Estimated Overhead Cost Expected Activity Product I9 Product Z9 Total Labor-related DLHs $ 463,980 4,200 7,200 11,400 Machine setups setups 9,814 300 400 700 Order size MHs 105,792 4,400 4,300 8,700 $ 579,586 The unit product cost of Product I9 under the company's traditional costing method in which all overhead is allocated on the basis of direct labor-hours is closest to: (Round your intermediate calculations to 2 decimal places.) rev: 03_25_2018_QC_CS-119201 Multiple Choice $466.22 per unit $626.30 per unit $687.14 per unit $455.06 per unit
Answer:
Predetermined overhead rate = Estimated overhead / Estimated direct labor hour
Predetermined overhead rate = $579,586 / 11400
Predetermined overhead rate = $50.84 per direct labor hour
Unit Product cost - Z9
Particulars Per unit cost
Direct material $151.20
Direct labor (8*$26) $208.00
Overhead (8*$50.84) $406.72
Unit Product Cost $765.92
According to the resource-based view, a firm that has resources that are valuable and rare but not costly to imitate will at best be able to achieve __________ in relation to its industry peers. Group of answer choices competitive advantage temporary competitive advantage competitive parity competitive disadvantage sustained competitive advantage
Answer:
temporary competitive advantage
Explanation:
The RBV or the resource-based view is defined as the managerial framework that is used for determining the strategic resources for which a firm can exploit in order to achieve a sustainable competitive advantage.
The resource based view model is in contrast with the with the perfect competition model of the industry competition.
According to this model, the firm that have valuable and rare resources but these resources which are not difficult to imitate is most likely to achieve a temporary competitive advantage with its peer industries in the market.
Employees will perceive that their opinions are more valued if Multiple Choice they're given personalized, closed-end question-type employee opinion surveys. they're provided settings where employees have the opportunity to converse with all levels of management. they're given emails from the CEO on a regular basis. the company emphasizes job simplification.
Answer:
they're provided settings where employees have the opportunity to converse with all levels of management.
Explanation:
In the case when the employees would perceive as per their opinion and their opinion are most valued so that means it gives the setting at the time when the employees have the opportunity for conversing the management levels
so as per the given options, the second one option is correct
And, all other options are wrong
In a ________ economy, the government is minimally involved in the functioning of the economy but does act to protect consumers and impose some regulations on the market.
Answer:
mixed
Explanation:
An economy is a function of how money, means of production and resources (raw materials) are carefully used to facilitate the demands and supply of goods and services to meet the unending needs or requirements of the consumers.
Hence, a region's or country's economy is largely dependent on how resources are being allocated and utilized, how many goods and services are to be produced, what should be produced, for whom they are to be produced for and how much money are to be spent by the consumers to acquire these goods and services.
Basically, there are four (4) main types of economy and these are;
I. Command economy.
II. Free market economy.
III. Traditional economy.
IV. Mixed economy.
A mixed economy can be defined as a type of economy in which the government of a particular country is minimally involved in the allocation and production of goods and services while protecting the interest of the consumers and regulating the market by establishing laws.
Hence, when the government is minimally involved in the economic functioning of her country but does act to protect consumer interests and impose some regulations or sanctions on the market, this is referred to as a mixed economy.
Answer:
mixed
Explanation:
In a mixed economy, the government is minimally involved in the functioning of the economy but does act to protect consumers and impose some regulations on the market.
A lease agreement contains a clause that gives the tenant the right to purchase the property at a specified price. This type of agreement is called a
Answer: Finance Lease
Explanation:
There are two main types of leases which are operating leases and finance leases. Operating leases work much like an asset being rented so no ownership is passed from the person leasing to the leasee.
When it comes to finance leases however, the person leasing treats the asset as if it is their own. They record depreciation and list it as an asset in their balance sheets. At the end of the lease term, the leasee then has the option to purchase the asset.
What is the effect of inflation? A. During periods of inflation, just about everyone can make themselves better off by specializing in their own profession rather than dabbling as amateur economists and inflation forecasters and managing their investment portfolios. B. With inflation, everyone loses. C. The increased uncertainty of inflation misallocates resources. D. During periods of inflation, investment rises and economic growth increases.
Answer:
C. The increased uncertainty of inflation misallocates resources.
Explanation:
Inflation is referred as the situation of the economy in which the prices of the goods and services gets increased to an alarming rate. The amount used to purchase those products fail to meet the purchasing power. The economy is effected drastically. Inflation creates a situation in which there arises an uncertainty regarding investment and savings. There arises situations in which the shortages of food and basic amenities are experienced during inflation.
. Issued $265000 of par value common stock for cash. 2. Recorded and paid wages expense of $127200. 3. Acquired land by issuing common stock of par value $106000. 4. Declared and paid a cash dividend of $21200. 5. Sold a long-term investment (cost $6360) for cash of $6360. 6. Recorded cash sales of $848000. 7. Bought inventory for cash of $339200. 8. Acquired an investment in Zynga stock for cash of $44520. 9. Converted bonds payable to common stock in the amount of $1060000. 10. Repaid a 6-year note payable in the amount of $466400. What is the net cash provided by financing activities
Answer:
Net Cash used by Financing Activities is $222,600.
Explanation:
Financing Activities are Activities related to sourcing and repayment of debt and capital. Consider only those related events and transactions when determining cash flow from financing activities.
Cash flow from Financing Activities
Issue of common shares $265000
Cash dividend paid ($21200)
Repayment of Note Payable ($466400)
Net Cash used by Financing Activities ($222,600)
According to the assumptions of the quantity theory of money, if the money supply increases 5 percent, then a. the price level would be unchanged and real GDP would rise by 5 percent. b. the price level would rise by 5 percent and real GDP would be unchanged. c. both the price level and real GDP would rise by 5 percent. d. both the price level and real GDP would be unchanged.
Answer:
C
Explanation:
Quantity theory of money : money supply x velocity = price x output
money supply x velocity = nominal GDP
It is assumed that velocity is constant. So, if money supply increases, both the price level and real GDP would rise by 5 percent
A train traveling from State A to State B went off the tracks in State C, causing the death of 90 passengers on the train. The relatives of many of the deceased passengers filed a wrongful death action against the train company in the federal district court for State C seeking $100,000,000 in damages. The relatives currently are citizens of 15 states, including one who is a citizen of State D. Approximately 35 percent of all the relatives of deceased passengers are citizens of State A, more than any other state. The train company is incorporated and has its principal place of business in State D. The company operates trains in 46 states. Does the court have diversity jurisdiction to hear this claim
Answer: Yes, because more than 75 individuals died in a single accident, at least one plaintiff is not a citizen of State D, and the defendant resides in a state other than State C.
Explanation:
It should be noted that according to the Multiparty, Multiforum Trial Jurisdiction Act of 2002, in.a case whereby there's a civil action from a single accident, such that at least 75 people died in an accident, only one plaintiff is required to be of diverse citizenship in order for the court to have diversity jurisdiction.
From the question, 90 people died which even exceeded the required 75 people. Also, at least one plaintiff is not a citizen of State D. Lastly, the defendant lives in a state other than State C.
Consumer surplus is represented by the area _____ the demand curve and _____ the price that the consumer pays.
Answer:
under
above
Explanation:
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
Consumer surplus = willingness to pay – price of the good
For example, if the willingness to pay for a book is $100 and the price of the book is $50.
Please check the attached image for a diagram showing consumer surplus
Consumer surplus : $100 - $50 = $50
he boss stops providing free coffee to the workers when the monthly sales goal is not met. This is an example of:
Answer:
Negative incentive
Explanation:
Since in the given situation, the boss does not give the free coffee to the workers at the time when the monthly sales goals are not attained as the boss expect from the workers that they could attain the monthly sales goals and for this they give the salary to them
So this represent the negative incentive example
Mrs. Young is currently enrolled in Original Medicare (Parts A and B), but she has been working with Agent Neil Adams in the selection of a Medicare Advantage (MA) plan. It is mid-September, and Mrs. Young is going on vacation. Agent Adams is considering suggesting that he and Mrs. Young complete the application together before she leaves. He will then submit the paper application before the start of the annual enrollment period (AEP). What would you say If you were advising Agent Adams
Answer:
Not good.
Explanation:
Mrs. Young is leaving on vacation in mid-September. Before Mrs. Young departs, Agent Adams is contemplating recommending that he and Mrs. Young finish the registration together.
This is a terrible plan. Prior to the beginning of the AEP, agents are typically barred from soliciting or receiving registration forms.
During the purchase decision process, an individual at the __________ stage will perceive differences between his or her ideal and actual situations big enough to trigger a decision.
Answer:
"Problem recognition" is the correct answer.
Explanation:
An empirical investigation has said that the initial phase of the development procedure of the customer and therefore its approach to buying seems to be the acknowledgment of problems that arise when consumers realize that perhaps the problem would also have to be solved.This is whenever the customer sees a requirement and is driven to rectify the conflicts.Spring Resources LLC creates unique value by establishing a learning organization that coordinates various production tactics and assimilates different types of technologies. This knowledge is distributed to the entire organization so that its branches can adapt and perform according to their own markets. These tactics and technologies distributed throughout the organization that create value for Spring Resources LLC are termed _________.
Answer:
core competencies
Explanation:
From the question we are informed about who Spring Resources LLC creates unique value by establishing a learning organization that coordinates various production tactics and assimilates different types of technologies. This knowledge is distributed to the entire organization so that its branches can adapt and perform according to their own markets. These tactics and technologies distributed throughout the organization that create value for Spring Resources LLC are termed
Core competencies.
Core competencies can be regarded as resources as well as capabilities which comprise all strategic advantages of a business.
Maben Company was started on January 1, Year 1, and experienced the following events during its first year of operation: Acquired $30,000 cash from the issue of common stock. Borrowed $40,000 cash from National Bank. Earned cash revenues of $48,000 for performing services. Paid cash expenses of $25,000. Paid a $1,000 cash dividend to the stockholders. Acquired an additional $20,000 cash from the issue of common stock. Paid $10,000 cash to reduce the principal balance of the bank note. Paid $53,000 cash to purchase land. Determined that the market value of the land is $75,000.
Answer:
The accounting equation holds as follows:
Assets = Liabilities + Shareholders' Equity = $102,000
Explanation:
Note: This question not complete as the requirement is omitted. The requirement is therefore provided to complete the question before answering the question as follows:
Required:
Record the preceding transactions in the horizontal statements model. Also, in the Cash Flows column, classify the cash flows as operating activities (OA), investing activities (IA), or financing activities (FA).
The explanation of the answer is now provided as follows:
Note: See the attached excel file for the the horizontal statements in which the transactions are recorded.
From the attached excel file, we have:
Assets = Cash + Land = $49,000 + $53,000 = $102,000
Liabilities = Notes Payable = $30,000
Shareholders' Equity = Common Stock + Retained Earnings = $50,000 + $22,000 = $72,000
Liabilities + Shareholders' Equity = $30,000 + $72,000 = $102,000
Therefore, the accounting equation holds as follows:
Assets = Liabilities + Shareholders' Equity = $102,000
Also note that no figure is recorded for "Determined that the market value of the land is $75,000" because it does affect the horizontal statement since an asset must be recorded at the historical cost.
The model of decision making that explains how managers should make decisions, assuming managers will make logical decisions that will be the optimum in furthering the organization's best interests, is known as the ________. For example, a manager who uses this model may be personally opposed to outsourcing jobs overseas, but she nonetheless decides to outsource customer-service operations to India because doing so is in the company's best interests. Group of answer choices rational decision-making model solutions agenda focused decision-making model interpersonal-decision agenda employee relations model
Answer:
rational decision-making model
Explanation:
The rational decision-making model is a logical way of making decisions. These types of decisions are based on objectivity and not subjectivity. This means that a person makes decisions that are not based on emotions or personal opinions rather they are dependent on facts and realities.
Managers who use this model make decisions that minimize costs and maximize benefits. Therefore, their main aim in adopting this model is to make decisions that will be of utmost benefit to the organization.
How long must one wait (to the nearest year) for an initial investment of $1,000 to triple in value if the investment earns 8% compounded annually
Answer:
t = 14 years
Explanation:
The computation of the time period is shown below:
As we know that
Future value = Present value ×(1 + rate of interest)^time period
$3,000 = $1,000 × (1 + 0.08)^time period
3 = 1.08^time period
Now multiply log to both sides
So,
lof(3) ÷ log(1.08) = t
t = 14 years