Most time, it is reasonable to refer to the opportunity cost as the price because it entails the benefit of the foregone good or service.
What is an opportunity cost?It refers to a value of what is rejected in order to perform the chosen alternative, that is, the value one have to give up to buy what you want in terms of other goods or services.
Therefore, it is sometimes reasonable to refer to the opportunity cost as the price because it entails the benefit of the foregone good or service.
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Your task is to take this and construct a graphical representation of the data. In doing so, you determine that as the price of soda rises, the quantity of soda supplied increases. This confirms the .
Your task on constructing the supply and price of soda confirms the Law of Demand.
What does the law of demand state?The law of demand posits that for normal goods, the quantity demanded will decrease if the price increases. And vice versa.
This was why the quantity demanded for soda decreased as the prices increased.
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Pina Colada Company has the following balances in selected accounts on December 31, 2022.
Accounts Receivable
$ 0
Accumulated Depreciation—Equipment
0
Equipment
9,240
Interest Payable
0
Notes Payable
13,200
Prepaid Insurance
2,772
Salaries and Wages Payable
0
Supplies
3,234
Unearned Service Revenue
39,600
All the accounts have normal balances. The following information has been gathered at December 31, 2022.
1. Pina Colada Company borrowed $13,200 by signing a 12%, 1-year note on September 1, 2022. Interest will be paid when the note is repaid.
2. A count of supplies on December 31, 2022, indicates that supplies of $1,188 are on hand.
3. Depreciation on the equipment for 2022 is $1,320.
4. Pina Colada paid $2,772 for 12 months of insurance coverage on June 1, 2022.
5. On December 1, 2022, Pina Colada collected $39,600 for consulting services to be performed evenly from December 1, 2022, through March 31, 2023.
6. Pina Colada performed consulting services for a client in December 2022. The client will be billed $5,544.
7. Pina Colada pays its employees total salaries of $11,880 every Monday for the preceding 5-day week (Monday through Friday). On Monday, December 29, employees were paid for the week ending December 26. All employees worked the last 3 days of 2022.
The appropriate journal entries to record the transactions are: Debit Interest expense $528; Credit Interest payable $528.
Journal entriesPina Colada Company journal entries
Debit Interest expense $528
Credit Interest payable $528
($13,200×12%×4/12)
Debit Depreciation expenses $1,320
Credit Accumulated depreciation equipment $1,320
Debit Supplies expenses $2,044
Credit Supplies 2044
(3234-1,188)
Debit Insurance expenses $1,617
Credit Prepaid insurance $1,617
($2,772×7/12)
Debit Unearned service revenue $9,900
Credit Service revenue $9,900
($39,600×1/4)
Debit Accounts Receivable $5,544
Credit Service Revenue $5,544
Debit Salaries and wages expenses $7,128
Cred it Salaries and wages pay $7,128
($11,880×3/5)
Therefore the appropriate journal entries to record the transactions are: Debit Interest expense $528; Credit Interest payable $528.
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The impetus that pushes consumers to satisfy their unmet needs, such as having no laundry detergent to do the wash, is a(n) Blank______.
The impetus that pushes consumers to satisfy their unmet needs, such as having no laundry detergent to do the wash, is a motive.
What is a Motivation?This refers to the internal or external drive that makes a person to do something, in hopes of a reward or to escape punishment.
Hence, we can see that based on the drive that is inherent in humans to accomplish a task, this leads them to satisfy their unmet needs and this is known as a motive.
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PLEASE HELP!! NO SPAM!!! I'm literally about to have a mental breakdown because i cant figure these questions out
Based on the students who passed, the probability that a random student gets an A in Statistics or Psychology or both is 0.226.
The probability that a random student did not get an A in Psychology is 0.84.
What are the probabilities of getting an A in psychology?In order to find out the probability that a person got an A in either Statistics, Psychology, or both, the formula is:
= Probability of A in Psychology + Probability of A in Statistics - ( Probability of A in Psychology and Statistics)
= (80 / 500) + (82 / 500) - ( 49 / 500)
= 0.16 + 0.164 - 0.098
= 0.226
The probability of not getting an A in Psychology is:
= 1 - Probability of A in Psychology
= 1 - (80 / 500)
= 0.84
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Which is an example of a fixed expense?
oa. monthly grocery bill
ob. line of credit payments
oc. atm withdrawal fees
od. digital entertainment subscriptions
The price in Cournot, Stackelberg, multiplant monopoly, and monopoly are different. Which market would the Department of Justice most prefer? Explain.
The market that the Department of Justice would most prefer is price in Cournot.
What kind of market is the Cournot duopoly model?Cournot duopoly is known to be Cournot competition. This is said to be a model which is made up of imperfect competition as two firms that has identical cost functions are said to compete with other homogeneous products.
The market that the Department of Justice would most prefer is price in Cournot. because there is a level of competition in their market and as such similar product can stand a chance in it.
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which statement best describes how the Fed responds to recessions?
It sells more securities.
It charges banks more interest.
It increases reserve requirements.
It increases the money supply.
The federal government responds to recession by increasing the money supply in a country.
What is Recession?Recession is term used to describe a general economic contraction which is identified by a fall in the gross domestic product of a country.
Before a country is said to be in recession, the GDP of that country must have fallen in two successive quarters.
The feds respond to recession by increasing the money supply in order to stimulate the local economy.
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Answer: D - It increases the money supply.
Explanation: Edge 2022
14. Over a given year, nominal GDP increased by about 2.5%. Over that year, the GDP deflator decreased by about 4%. From this information (and using our Aggregate Supply and Demand framework for analysis), we infer that over this year, Group of answer choices real GDP decreased, and we had a decrease in Aggregate Supply. real GDP decreased, and we had an increase in Aggregate Demand. real GDP increased, and we had an increase in Aggregate Demand. real GDP increased, and we had a decrease in Aggregate Demand. real GDP increased, and we had an increase in Aggregate Supply.
Henna Company produces and sells two products, Carvings and Mementos. It manufactures these products in separate factories and markets them through different channels. They have no shared costs. This year, the company sold 58,000 units of each product. Income statements for each product follow. Carvings Mementos Sales $ 974,400 $ 974,400 Variable costs 779,520 194,880 Contribution margin 194,880 779,520 Fixed costs 46,880 631,520 Income $ 148,000 $ 148,000 rev: 09_29_2021_QC_CDR-376 Required: 1. Compute the break-even point in dollar sales for each product. (Enter CM ratio as percentage rounded to 2 decimal places.)
The computation of the break-even point in dollar sales for each product is as follows:
Carvings = $234,400 ($46,880/0.2)
Mementos = $789,400 ($631,520/0.8)
What is the break-even point?The break-even point represents the dollar sales or units at which the entity does not incur any loss or earn any profit.
At the break-even point, the total costs are equal to the total revenue.
Data and Calculations:Carvings Mementos
Sales $ 974,400 $ 974,400
Variable costs 779,520 194,880
Contribution margin 194,880 779,520
CM Ratio 20% 80%
Fixed costs 46,880 631,520
Income $ 148,000 $ 148,000
Break-even point = Fixed costs/CM Ratio
Thus, the break-even points in sales dollars are Carvings, $234,400,, and Mementos, $789,400.
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____________________________________ tries to welcome participation by all organizational members and to view each person as valuable to the organization instead of focusing primarily on productivity. Systems Perspective Bureaucratic Management Scientific Management Human Resources
Human Resources Management welcomes participation by all organizational members and views each person as valuable to the organization instead of focusing primarily on productivity
What is Management?This refers to controlling and organizing people and things for better and more effective productivity or output.
Hence, we can see that there are different types of management, and based on this, they have varied characteristics, but the kind of management that focuses on individuals, rather than productivity is human resources.
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The top five cities where venture capitalists are investing their money represent 10% of the global total.
True
False
it is false statement that the top five cities where venture capitalists are investing their money represent 10% of the global total.
What is a Venture capital?
This refers to the managerial expertise provided by investors to startup firms with long-term growth potential.
However, it is false that the top five cities where venture capitalists are investing their money represent 10% of the global total.
Therefore, the statement is a false statement.
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Samantha is part of a project management team working on the initiation phase of a project. What is her team expected to do in this phase? In the initiation phase, Samantha’s team needs to clarify the project’s and justify it.\]\\
Answer:
The Initiation Phase is the stage of the project lifecycle in which the project proposal is conceived, assessed, and then approved for implementation by the Project Sponsor and the Vice Chancellor/Chief Information Officer. A formal project discovery process documents and reviews the project justification, important deliverables, risks, projected cost and resource needs, and other project information.
The team is supposed to agree on a project vision, set primary targets, and justify the initiative. Examine project charters, project change procedures, and past project experience gained; determine all project stakeholders and define service/product owners, project team member roles and duties, resources needed, cost estimates, and a general schedule. By developing the project charter and receiving Project Sponsor agreement to proceed with detailed planning.
A luxury-home designer has built a dishwasher that is connected to a cabinet and uses mechanical arms to pick up clean dishes and move them into the cabinet. Many consumers love the product, but they say they it is too expensive. Nevertheless, the company has tested the product in many situations and found that it never breaks a dish. What issue does the designer most likely need to improve in order for the dishwasher to be a good product to sell
The issue the designer most likely need to improve in order for the dishwasher to be a good product to sell is: Cost effective and should be of good quality.
Cost effectiveSince the dish washer is of good quality and does not breaks dish. What the designer need to improve on is to make the dish washer affordable for people.
Reason being that consumers love the product but they say the product is expensive.
Therefore the product should be cost effective.
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Answer:
C. affordability
Explanation:
D was wrong on the quiz
what is a good way to ask your teacher for a better grade
Answer:
Ask for extra credit, or if you can redo your lowest grade. Explain to them any troubles you have had or having and that you want to try your hardest to get the best grade possible
Explanation:
Managing a small business became relatively easy with the advent of inexpensive personal computers. Inexpensive computer systems and off-the-shelf or even free, open-source software make it easy for the small business manager to: Multiple select question. lengthen their daily working hours follow the daily sales and expenses travel to other area businesses manage customer records
The inexpensive computer systems helps the business manager to follow the daily sales and expenses and manage customer records.
What is a computer system?The compilation of pieces of hardware and softwares by connecting them together to create a network of computer in order to perform certain functions is known as a computer system.
Hence, options B and D hold true regarding computer system.
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One of your customers has decided to commit $10,000 to fixed income. She is trying to decide if it makes more sense to invest in the bonds of a single corporate issuer or to buy an exchange-traded fund (ETF) tracking a corporate bond index. You could explain that the purchase of the ETF results in the greatest reduction of
"One of your customers has decided to commit $10,000 to fixed income..."You could explain that the purchase of the ETF results in the greatest reduction of liquidity risk. This is further explained below.
What is liquidity risk?Generally, liquidity risk is simply defined as, to put it another way, liquidity risk is the possibility of experiencing losses as a consequence of not being able to make payments on time or doing so at an unaffordable price.
In conclusion, Fixed-income investments have been made by one of your clients for $10,000..." In other words, you might say buying the ETF lowers liquidity risk the most.
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Stevie earned $600 this week. she used $100 toward paying off her credit card and $20 went into savings, for a total of $120, which is 20% of her income. what money managing system is she likely using?
Answer:
600-100-20=480
Explanation:
50 30 20 rule
The money managing system is she likely using 50 30 20 rule.
What is the 50 30 20 rule?The 50/30/20 rule is a simple budgeting technique that can assist you in managing your money in an efficient, straightforward, and sustainable manner. The general rule of thumb is to allocate 50% of your monthly after-tax income for needs, 30% for wants, and 20% for savings or debt repayment.
That age-old conundrum can be resolved and your spending habits can be made more structured by using the 50/30/20 guideline. Whether you're trying to pay off debt or save money. It might make it simpler for you to achieve your financial objectives.
According to the norm, you should devote up to 50% of your after-tax income to necessities and commitments that are essential to you. The remainder should be divided into 30% for anything else you might want, 20% for savings, and 10% each for debt reduction and saves.
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An employee works 47 hours (47 - 40 were overtime hours) during a workweek in December of 2021. He earns $39/hour, with his employer paying 1.5 times the regular rate of pay for overtime hours. To date, he has earned $140,950 during the year. He has requested that his employer withhold 6% of gross pay, which is to be contributed to a 401(k) plan.
Taxable income for federal income tax withholding = $
Taxable income for social security tax = $
Taxable income for medicare tax = $
The amount of tax will be:
Taxable income for federal income tax withholding =$1,851.33Taxable income for social security tax =$1,851.33Taxable income for medicare tax = $1,851.33How to calculate the tax?Regular Pay (40×39) = $1,560.00
Overtime Pay (7×39×1.5) =$ 409.50
Gross Pay = $1,969.50
Less: 401(k) plan Contribution (1969.50×6%) =$ 118.17
Taxable Amount = $1,851.33
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Jim is an accountant who reimburses travel expenses for company employees who have used personal funds for travel. Tom, a company sales rep, has requested a reimbursement for a $200 dinner. However, Tom does not have proper documentation which means the expense cannot be reimbursed. Tom offers to split the reimbursement with Jim, if Jim will approve it without the documentation. Jim should
The inference shows that Jim should reject the reimbursement as confidentially report the incident.
What is an inference?An inference simply means the conclusion that can be deduced based on the information given in a literary work.
In this case, the inference shows that Jim should reject the reimbursement as confidentially report the incident.
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Natasha is listening to dominick talk about his plans to build his kids a tree house. although he has been talking for some time, she hasn't been able to extract the main point. she has asked questions to clarify what he says. she still isn't sure about what he's saying, so she repeats what he said to see if she has it right. she makes sure not to judge what he's saying since she didn't understand. she decided that she would take notes the next time. which part of this description exemplifies analytical listening?
The part that has to do with analytical listening is, she has asked questions to clarify what he says.
What is analytical listening?This is the type of listening that is done in such a way that what is being said would be properly analyzed.
This is not just about understanding what is being said. It has to do with division of questions to get to the main points.
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A 4% S/A coupon bond with 4 coupons remaining has a BEY of 8.00%. You buy the bond a little over a month before you get the first coupon. Specifically, the fraction of the 6-month period that has already elapsed is 0.80. Calculate the dirty price of this bond.
A 4% S/A coupon bond with 4 coupons remaining has a BEY of 8.00%, is mathematically given as
DP=95.696. Option D is correct
What is the dirty price of this bond?Generally, dirty price is simply defined as It's important to note that a "dirty price" is simply a bond pricing quotation that takes into account both the coupon rate and any interest that has already accumulated on the bond.
In conclusion, Dirty price
DP = (Clean price + interest Accrued)
Therefore
DP=0.80*(4%*100/2)+2*(1-(1+4%)^(-3.20))/(4%)+100/(1+4%)^(3.20)
DP=95.696
CQ
A4% S/A coupon bond with 4 coupons remaining has a BEY of 8.00%. You buy the bond a little over a month before you get the first coupon. Specifically, the fraction of the 6-month period that has already elapsed is 0.80.
Calculate the dirty price of this bond.
O 81.370
85.216
93.471
o 95.696
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Netflix and wal-mart both did well during the recession. which factor of the business/marketing environment best explains this?
The business/marketing environment factor that explains why Netflix and Wal-mart did well during the recession is branding.
What is branding?It corresponds to a strategy of active management of a brand, creating value for it through its visual identity and objectives, generating engagement with the target audience and satisfying their needs and desires in an innovative and creative way.
Therefore, branding is an essential strategy for a brand to be competitive and well positioned in the market.
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Why must a marketing manager consider pricing objectives and constraints?.
Answer:
marketing manager considers pricing objectives and constraints to narrow the range of choices among the variety of pricing strategies demand curve enables a firm to examine prices in terms of quantity sold cost changing constraints as a result most firms change the price of their products more often if they sell online
Explanation:
Sharing information with others is an effective reason to schedule a meeting. Group of answer choices True False
Answer:
Your answer would be True.
Explanation:
A data analyst at a nonprofit organization is working with a dataset about a summer fundraiser. Although they have a lot of useful data by the end of the month, they recognize that the data is insufficient. So, they decide to wait until the end of the season to begin working with the dataset. Which type of insufficient data does this example describe?
The type of insufficient data does this example describe is: Data that keeps updating.
Who is a data analyst?A data analyst can be defined as a person that help to collect data or information so to discover information that may be use during decision making process.
In as situation where their is insufficient or enough data despite having useful data this means that keeps updating.
Therefore this is an example of Data that keeps updating.
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An IAR has a customer with $1 million under management. The customer is experiencing a cash flow shortfall but does not want to liquidate part of the portfolio because it is performing so well. The client calls the IAR and asks for a short-term loan of $25,000. What should the IAR do
What the IAR has to do would be to The IAR should refuse the client's request.
Who is an IAR?This is a person that works in an investment office an issues investment advise to clients for a certain fee.
The IAR has to refuse the request based on the situation s following the request that the client is making.
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Read the passage.
What did the president mean when he said he had to
face "very difficult choices" when creating a federal
budget?
O deciding which country to borrow from to finance
spending
O deciding what would be funded and what would be cut
O deciding how to keep interest rates low on the
national debt
O deciding how much to increase tax rates
The President used "very difficult choices" to explains it is difficult to decide what would be funded and what would be cut
Who used the quote?The quote was used by President Barack Obama during the 2012 Budget Message of the President.
Hence, he explained that it was difficult to decide what would be funded and what would be cut.
Therefore, the Option A is correct.
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Answer:
B. deciding what would be funded and what will be cut
Explanation:
The local community college wants to increase its online offerings. To do so, the college will most likely need to purchase a(n) ______.
The local community college wants to increase its online offerings. Hence, to do so, the college will most likely need to purchase a learning management system (LMS).
What is a learning management system (LMS)?A software application for the administration, documentation, tracking, reporting, automation and transport of tutorial courses, education programs, or mastering and improvement programs is referred to as a learning management system.
Therefore, the local community college can purchase a learning management system for expanding its online offerings.
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Licensing of the brand, a reputation for quality, and a large number of retail stores are examples of potential blank______ that a firm may identify during a swot analysis.
Licensing of the brand, a reputation for quality, and a large number of retail stores are examples of potential strengths that a firm may identify during a swot analysis.
What is a SWOT analysis?This is the framework that is used to know the strength of an organization, its weaknesses, its opportunities and its threats.
The SWOT analysis is useful due to the fact that it relates to situational analysis or assessment.
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Hilltop grading, an american construction firm, recently acquired another company, earth builders, in indonesia. the high-level managers at earth builders eventually quit because they could not cope with the domineering and straightforward approach of their american counterparts. this illustrates how acquisitions may fail because