fitz company reports the following information. selected annual income statement data selected year-end balance sheet data net income $ 418,000 accounts receivable decrease $ 103,900 depreciation expense 45,600 inventory decrease 45,000 amortization expense 8,200 prepaid expenses increase 6,700 gain on sale of plant assets 6,600 accounts payable decrease 8,600 salaries payable increase 1,200 use the indirect method to prepare the operating activities section of its statement of cash flows for the year ended december 31. (amounts to be deducted should be indicated with a minus sign.)

The republic of south Africa exports edible fruits and nuts into the common market known as the European union, and imports from the European union other products which south Africa could produce but at a higher cost than what it costs the Europeans to produce. this practice follows the theory of comparative advantage.

Comparative gain is an economic system's potential to supply a specific proper or provider at a reduced possibility rate than its buying and selling partners. Comparative benefit is used to provide an reason for why organizations, countries, or people can benefit from trade.

For instance, if a country is skilled at making each cheese and chocolate, they will decide how much tough work is going into producing each right. If it takes one hour of exertions to produce 10 devices of cheese and one in each of of tough paintings to deliver 20 devices of chocolate, then this united states has a comparative benefit in making chocolate.

Comparative advantage, monetary precept, first developed via 19th-century British economist David Ricardo, that attributed the reason and advantages of global alternate to the variations within the relative possibility costs (prices in phrases of other objects given up) of producing the same commodities amongst global locations.

Learn more about Comparative advantage here: https://brainly.com/question/15361275

#SPJ4

Part I - If 8 million kegs of beer are sold, MB surpasses MC, implying: More resources devoted to the manufacturing of beers would be more efficient for society. Hence (Option B) is correct.

This is because when marginal benefit exceeds marginal cost, the benefit earned by producing an additional unit of that product overcomes the expense of producing it. As a result, it is preferable to produce more until MB equals MC.

A marginal benefit is a modest but demonstrable benefit that a buyer receives by purchasing an additional unit of an item or service.

As a customer decides to consume more of a single commodity, the marginal benefit typically decreases. Assume a customer orders a ring for her right hand.

Part II -

If 24 million kegs of beer are sold, MC surpasses MB, implying:

It would be more efficient for society if less resources were dedicated to the manufacturing of beverages.

This is because when the marginal cost exceeds the marginal benefit, the benefit from an extra unit of production of that good is less than the cost of production. As a result, it is better to create less until MB equals MC. Hence (Option E) is the correct answer.

Part III -

The best resource allocation would lead to the manufacturing of 16 million kegs of beer.

This is due to the fact that optimal allocation occurs when MB equals MC. And in this scenario, MB = MC happens when 16 million kegs of beer are created.

Learn more about Marginal Benefit:
https://brainly.com/question/2508491
#SPJ1

Full Question:

See attached images:

When a restaurant prices pizza at $10 per slice they sell 100 slices in a night. If they sell pizza for $5 per slice, they sell 300 slices in a night. The slope of this demand curve for pizza is -1/40.

The slope of the demand curve for pizza is -1/40. If the rate is decreased by $5 ($10 to $5) the shop sells two hundred extra pizzas (one hundred to three hundred pizzas) rate is always at the y-axis and the amount of a great is usually on the x-axis. In our clarification, the price is diminished by $five (an alternate of -$5) and the number of pizzas sold will increase by means of two hundred. So the slope is -5/200 or -1/40.

In economics, a demand curve is a graph depicting the connection between the fee of a certain commodity and the quantity of that commodity this is demanded at that charge. Demand curves may be used both for the charge-amount courting for a person consumer, or for all customers in a specific market

In general demand curve is downward-sloping. The demand curve for maximum, if now not all, items conform to this principle. There can be uncommon examples of goods that have upward-sloping demand curves. An amazing demand curve has an upward slope is known as a Giffen accurate.

Learn more about the demand curve here brainly.com/question/1139186  

#SPJ4

A price ceiling imposed on monopoly will lead to all, i.e., lead to a shortage, no shortage and drive the monopolist out of business.

A price ceiling is a price control, or limit, set by the government or a group on how much a product, commodity, or service costs. Price ceilings are presumably used by governments to protect consumers from conditions that could make commodities ridiculously expensive. Such conditions can occur during periods of high inflation, an investment bubble, or monopoly ownership of a product, all of which can create issues if decided to impose for a prolonged period of time without controlled rationing, resulting in shortages. Further issues can arise if a government imposes unrealistic price ceilings, resulting in business failures, stock market crashes, and even economic crises. Price ceilings do not exist in unregulated market economies.

Learn more about price ceiling here:

https://brainly.com/question/28018539

#SPJ4

If an individual is assigned a task during a project, they are now considered a stakeholder group member.

In line with the mission management Institute, mission stakeholders are defined as people and agencies who are actively worried about the challenge, or whose pastimes may be undoubtedly or negatively affected because of task execution or successful mission final touch. traditional stakeholders are traders, employees, customers, suppliers, groups, governments, or alternate institutions.

An entity's stakeholders can be both inner and external to the employer. As a trendy rule, stakeholder precedence can be divided into three ranges. the primary and maximum critical comprises employees, clients, and investors, without whom the commercial enterprise can't function. Secondary to them are providers, community agencies, and media influencers. There are two sorts of stakeholders: inner stakeholders and external stakeholders. it is vital to take into account how an agency's selections can have an impact on stakeholders.

Learn more about Stakeholders here:-https://brainly.com/question/15532995

#SPJ4

A business model is regarded as a set of processes that combine to achieve a company’s goal, which is to yield a profit. Therefore, the option C holds true.

A business model can be referred to or considered as a process in which the different resources of a business are put into functioning in order to derive maximization of profits for a firm. Every business model must have a primary goal of making or deriving profits in its functioning.

Therefore, the option C holds true and states regarding the significance of a business model.

Learn more about a business model here:

https://brainly.com/question/13397493

#SPJ4

The missing choices to the incomplete question have been added below.

A. Revenue Model

B. Profit model

C. Business model

D. Sales model

In the second year, an hourly wage of $11.021 must be paid.

A wage is money paid to an employee by their employer for labor completed over a certain amount of time. Wage payments include remunerative payments like rewards and tip payouts as well as compensation payments like the minimum wage, prevailing wage, and annual bonuses.

Wages are a component of the costs associated with operating a business. Regardless of the company's prosperity, it is a duty to the employee.

Payment by salary contrasts with commission, which bases compensation on performance, in which the employer pays a set sum at regular intervals (such as once a week or once a month) regardless of the number of hours worked.

To learn more about wages from the given link:

brainly.com/question/13847060

#SPJ4

The relationship between stockholders and management can best be described as a(n) Agency relationship.

An agency relationship is a type of business relationship where someone is hired to act in the best interest of the other. The person who is hired is the agent and the other person is the principal.

In a stockholder and management relationship, the stockholder is the principal who has hired management as an agent to safe guard their interests.

Find out more on Agency relationships at https://brainly.com/question/26253714

#SPJ1

To maintain a low student loan repayment burden, the Consumer Financial Protection Bureau suggests student loan payments should not exceed 8% of your gross salary. A student loan is a form of loan that is intended to assist the students in paying for post-secondary education and associated fees such as tuition, books and supplies, and living expenses.

It may differ from the other forms of loans in that the interest rate is significantly lower and the re- payment plan is deferred while the student is still enrolled in the school. Many countries also have strong laws governing the  renegotiating and bankruptcy.

To learn more about loans, click here.

https://brainly.com/question/11794123

#SPJ4

When resources are allocated in such a way that it is possible to increase the production of one good only by decreasing the production of another, then the allocation of resources is said to be Inefficient.

The allocative inefficiency is usually characterized by the absence of equality between marginal rates of substitution and factor price ratios: and this means that output is not produced at minimum cost.

Therefore, the allocation of resources is said to be Inefficient.

Read more about inefficient allocation

brainly.com/question/3932587

#SPJ1

If Mariah engaged a financial advisor to assess her money management, he or she would point out from her plans that the $10,000 down payment for a house is the area that needs improvement. She has less money saved as a result, which is the justification. She also needs to pay for her life insurance and car insurance, so her budget is not too high.

An effective way to guard against financial loss is insurance. It is a risk management technique that is mostly used to guard against the danger of a possible loss.

An underwriter, insurer, insurance firm, or insurance carrier is a company that provides insurance. An insured is someone or something that the insurance policy covers, while a policyholder is a person or business that purchases insurance. Although the terms policyholder and insured are frequently used interchangeably, they are not always synonymous because additional insureds who did not purchase the insurance may occasionally be covered.

To learn more about insurance ,visit:

https://brainly.com/question/27822778

#SPJ4

Although both the United States and Singapore adhere to many market economy concepts, the United States' level of government engagement in the economy is higher than Singapore's, which makes it seem to the left of Singapore on the continuum.

Alaska in the northwest and Hawaii expanding the country's influence into the Pacific Ocean make up the 50 states that make up the United States, which spans a large portion of North America. New York, a hub of international finance and culture, and Washington, DC are significant cities on the Atlantic Coast. On the west coast, Los Angeles' Hollywood district is renowned for film production, while the midwestern city of Chicago is renowned for its influence architecture.

Learn more about United States here

https://brainly.com/question/25899399

#SPJ4

Brady should encourage employees to be more collaborative in place of independent. This will foster more creativity and innovation, which will in turn result in more original product ideas.

Innovation is the actual implementation of ideas that lead to the introduction of new goods or services or the improvement of the supply of goods or services. The ISO 56000:2020 standard, ISO TC 279, defines innovation as “a new or changed entity that realizes or redistributes value”.

What is innovation and example?

Innovation is defined as the process of turning ideas and inventions into goods and services that create value and/or are paid for by customers. There are various types of innovation examples, such as social innovation examples, incremental innovation examples, and open innovation examples.

What is the main idea of ​​innovation?

The purpose of innovation is to create business value. Values ​​can be defined in various ways. Incrementally improving an existing product, creating an entirely new product or service, or reducing costs.

Learn more about Innovation here:- https://brainly.com/question/19969274

#SPJ4

The three sections of a statement of cash flows are:

The first part of a statement of cashflows is the operating section that includes activities related to the business activities of the company.

The financing section includes the loans and equity transactions that a company uses to finance operations. The investing section contains fixed assets and investments in other company securities.

Find out more on the statement of cash flows at https://brainly.com/question/24179665

#SPJ1

A major advantage of licensing is very little cost to the licensor.

A license is respectable permission or permit to do, use, or own something. A license is granted by way of a celebration to any other birthday party as an element of a settlement between the one's events. In the case of a license issued by means of a central authority, the license is acquired by using making use of it.

Licensing includes obtaining permission from an organization (licensor) to fabricate and sell one or more of its products within a described market location. The business enterprise that obtains those rights (the licensee) normally agrees to pay a royalty rate to the authentic proprietor.

In business, licensing is a contractual settlement between business entities in which one employer leases its highbrow property (IP) to some other business enterprise under unique terms and situations.

Learn more about licensing here https://brainly.com/question/18611420

#SPJ4

As soon as a candidate passes the examination and satisfies state necessities for education and enjoyment, a CPA is obtained from the kingdom board of accountancy and the brand new CPA will pay a rate to reap a kingdom to exercise of labor for a CPA company: certificate; license.

An authorized public accountant (CPA), however, is someone who has earned an expert designation via an aggregate of schooling, revel in, and licensing.

An accountant is someone whose task is to preserve economic accounts. a licensed Public Accountant (CPA) is an accountant who has met state licensing requirements. The accountant cannot offer attestation offerings. you're required to have a CPA license to offer attestation offerings.

As the boom keeps for accounting specialists in both public and private companies, hiring managers search for applicants with enjoyment and certification. incomes your CPA puts you inside the highlight for promotion, rapid career development – and a better income.

Learn more about CPA here: https://brainly.com/question/18648391

#SPJ4

The form of business ownership that is most appropriate for Matias and Alessia is a joint venture.

It corresponds to a business structure where two or more companies start a business together where both can benefit, but this union comprises only a specific activity and a determined period.

Some advantages of this configuration are:

Therefore, in a Joint Venture, when the objectives are reached and the time stipulated in the contract is ended, each institution continues to have its own market identity.

Find out more about joint venture here:

https://brainly.com/question/9389546

#SPJ1

The statement is false as - Up to two cost drivers can be used to create flexible budgets.

Variances will be more accurate when cost formulas are based on more than one cost driver. To adequately explain all of an organization's costs, more than one cost driver may be required.

In an organization, cost behavior refers to how a cost changes over time in response to changes in the level of an activity or the specific application of a resource. Cost is an important measure of organizational performance; how a cost changes has a direct impact on performance dynamics. The recognition that the process of transforming resources into saleable goods and services is the essence of the operations leads to a better understanding of costs.

Learn more about cost here:

https://brainly.com/question/14141336

#SPJ4

So the correct option is A (employees are encouraged to leave they're cell phones in personal lockers during business hours to avoid distractions.)

Cell phone during work

Overusing a cell phone at work can hinder productivity. Limiting your use is a smart idea even if your employer doesn't forbid it. Keep your phone in a desk drawer and just check it occasionally to make sure you haven't missed any important calls to avoid temptation.

To learn more about Cell phone during work
https://brainly.com/question/1501489

#SPJ4

The reaction involved is Acetyl CoA + 3NAD+ + FAD + GDP + Pi +2H2O 2CO2 + 3NADH + FADH2 + GTP + 2H+ + CoA . Therefore it involves all these elements.

The 10 chain reactions that make up the citric acid cycle are monitored by 8 different enzymes. The mitochondria are the site of all reactions in the citric acid cycle.

The Krebs cycle also called the TCA cycle (tricarboxylic acid cycle) or the citric acid cycle (CAC), is a series of chemical reactions that release stored energy by oxidizing acetyl-CoA derived from carbohydrates, fats, and proteins. Instead of fermenting, organisms that respire use the Krebs cycle to produce energy, whether through anaerobic or aerobic respiration. The cycle also provides precursors of some amino acids and NADH, a reducing agent that is used in a variety of other reactions. It was likely one of the earliest elements of metabolism and may have come about abiogenically given its central role in many biochemical pathways.

Although the citric acid cycle is referred to as a "cycle," there are at least three other segments that can be followed

For more information on Citric acid, refer to the given link:

https://brainly.com/question/11459709

#SPJ4

It is true that committing a mistake might provide an opportunity for learning.

Managers and team leaders frequently make the mistake of talking too little during the first team meetings. These include misinterpreting your role, providing inadequate feedback, being "hands-off," and insufficient delegation. However, taking the effort to understand how to spot and avoid frequent errors will help you become successful and productive and earn respect in the team.

7 Characteristics No Leader Should Possess :

To learn more about Mistakes of Team Lead, visit:

https://brainly.com/question/13877166

#SPJ4

Despite the fact that organizations impose fashionable goals and guidelines that are practiced for their workers in various international locations, the information is generally fine-tuned by means of management in each place. TRUE typically seems to encompass all members.

An organization is a collection of people who paint collectively, like a community association, a charity, a union, or an agency. you can use the word enterprise to refer to an institution or business, or to the act of forming or establishing something. organization facilitates in most effective utilization of economic and human assets. It not best aids inside the proper mission of jobs to suitable employees however additionally continues track that there may be no waste of resources and efforts due to duplication of work.

The organization is associated with growing an outline wherein the overall work is split into achievable additives with a view to facilitating the fulfillment of objectives or goals. consequently, the employer is the shape or mechanism that allows dwelling things to work together.There are a variety of prison forms of agencies, which include organizations, governments, non-governmental organizations, political corporations, international corporations, defense forces, charities, now not-for-earnings agencies, partnerships, cooperatives, educational establishments, etc.

Learn more about organization here:

brainly.com/question/19334871

#SPJ4

Yes, the given statement is true.

So far, the Fed's strategy has been to raise interest rates in order to stifle wage growth. This slows business expansion and reduces the number of new jobs.

The shortages were caused by a variety of factors, including the "Great Resignation," school closures, and the collapse of the childcare and elder care industries, which disproportionately impacted women and mothers. The COVID-19 pandemic also played a significant role, closing or disrupting businesses and killing over one million Americans, 25% of whom were of working age.

Thus, in short, Goldman Sach emphasized on creating more job opportunities for the workers.

For more information on employment refer to the given link:

https://brainly.com/question/1361941

#SPJ4

Apple's emphasis on marketing research is used to enhance the product  market orientation variable of the marketing mix, while its skills at creating buzz for its newest product offering months before its release is an example of the promotion variable.

Marketing is the set of activities, institutions and processes for creating, communicating, delivering and exchanging offers of value to customers, clients, partners and society at large.

In other words, actions to draw attention to what the company has to offer. This may be physical goods for sale or services provided. Common examples of workplace marketing include TV commercials, roadside billboards, and magazine ads.

Marketing is the practice of increasing awareness, consideration, purchase/repurchase and preference of a product or service through consumer benefits, advertising, packaging, placement, pricing and promotions.

Learn more about Marketing https://brainly.com/question/25754149

#SPJ4

if a $10 excise tax is collected from gasoline buyers on each gallon of gasoline sold, then the demand curve for gasoline will shift by $10, thereby the equilibrium price the curve will shift Leftward, increasing.

A market-clearing price, often referred to as an equilibrium price, is the consumer cost associated with a good or service when supply and demand are equal or nearly equal. The manufacturer or seller is free to transfer as many units as they like, and the consumer is free to access as many units as they like.

Dynamic pricing adjusts prices instantly in reaction to changes in supply and demand in order to reach equilibrium prices as the market evolves. Other pricing models, including value-based pricing, aim to benefit from intangible attributes or use a variety of strategies to control demand in order to earn a bigger profit margin than can be estimated by cost-based pricing.

To know more about equilibrium price, visit;

https://brainly.com/question/21329957

#SPJ4

The expected gasoline quantity at end of the year is 332.7 million gallons.

Petroleum-derived combination of flammable, volatile liquid hydrocarbons used as fuel for internal combustion engines; often spelled gasolene, gas, or petrol. A mixture of liquid aliphatic and aromatic hydrocarbons with carbon atom counts between C4 and C12 and boiling temperatures between 30-225°C makeup up gasoline, a petroleum-derived product. The main constituents are a blend of olefins, aromatics, kinds of paraffin, and naphthenes. Petroleum is processed into gasoline, which is made up of a blend of hydrocarbons, additives, and blending agents. The crude oils used, the refinery methods available, the overall balance of product demand, and the product specifications all have a significant impact on the composition of gasoline.

To learn more about gasoline, visit:

https://brainly.com/question/13402652

#SPJ4

Push Marketing strategies are motivations a manufacturer offers to its distribution members such as dealers, wholesalers, retailers, and the like to sell outcomes to the end-users.

A Push Marketing Strategy also called a push promotional strategy, where companies attempt to take their products to the consumers. In a Push marketing strategy, the objective is to use various marketing techniques or channels to 'Push' their yields to be noticed by the consumers starting at the point of purchase. Push marketing, or outbound marketing, can lead to shorter sales and is powered by what you push out to your audience through your marketing

To learn more about the Push Marketing Strategy visit the link

https://brainly.com/question/24864139

#SPJ4

1. An alcohol server must complete b. community service which is considered to be an administrative penalty that may be imposed by the ABC.

2. The maximum penalty for serving alcohol after hours is a. 6 months in jail.

3. The RBS (Responsible Beverage Service) training program and pass an ABC-administered exam within a. 60 calendar days of employment

The ABC stands for Alcoholic Beverage Control.

The ABC regulates the legal and responsible dispensing of alcoholic beverages in states.

The ABC issues licenses and the ABC license guides the employees in enforcing the regulation of alcoholic beverages.

Thus, an administrative penalty imposed by the ABC is related to alcohol service abuse.

Learn more about Alcoholic Beverage Control at https://brainly.com/question/28000146

#SPJ1

The state can consider the condemnation of several pieces of property in the inner-city, but only when the compensation is paid to the landowners.

A state, under the police power, in any manner cannot take and consider the condemnation of several pieces of property for public use without compensation. As such action is not acceptable and so the owner should receive reasonable compensation.

Property compensation means all amounts of the property are to be paid properly to third parties for the value of land or an interest in land taken.

Hence, compensation for owners of the acquired land shall be four times the market value in case of rural areas and twice in case of urban areas.

To learn more about compensation here:

https://brainly.com/question/14376483

#SPJ4

Employees were asked in the ATUS leave module if they could take paid or unpaid time off for any of the following: their own illness or medical care, a family member's illness or medical care, eldercare other than childcare, vacation, errands, or personal reasons, or the birth or adoption of a child. Although employees may be able to take general leave, it may not always be appropriate.

For instance, because an employer can demand advance scheduling, paid vacation days might not be practicable to use for illness. The survey asks participants whether they think they can take unpaid leave providing their employer gives their permission. These figures exaggerate the prevalence of unpaid leave to the extent that employers disapprove of it.

Paid leave is less frequent than unpaid leave across the board. Approximately 53 percent of workers report having access to paid sick leave to cover their own illnesses, but only 43 percent indicated they believed they would be able to utilize paid leave to care for sick family members. Sick leave is the second most prevalent type of paid leave offered, after vacation.

To learn More about unpaid leave from the given link.

https://brainly.com/question/28043617

#SPJ4