Answer:
Yes
Explanation:
Yes, in any State or Country that you are not a permanent resident in you would be considered a tourist. In this scenario, you are a permanent resident of Boca Raton, Florida and only visiting New York City on weekends. Regardless of how frequent, since you are not a permanent resident and only travel on weekends to see the city or have fun then in the eyes of the law you are technically a tourist in the city.
Suppose a small open economy has a floating exchange rate and the government reduces spending. What will happen to real income in the short run?
Answer:
Less government spending will make the currency value of the small country to fall compared to other currencies, because less government spending means less printing of money, and a slower growth of the money means less inflation, and a cheaper currency.
This will make the exports of the small open economy attractive, leading to an increase in this component of aggregate demand. Such scenario will result in a rise of real income in the short run.
there is afair .......... work left to do
expansionary fiscal policy conducted in an economy at full employment will have which combination of effects in the short run
Answer:
An increase in real output and a little increase in nominal output.
Explanation:
Expansionary fiscal policy can be as activities that are been performed government to expands the supply of money in the economy. Such activities could be tax cuts, rebate as well as
transfer payments, government increase in discretionary spending, It should be noted that the expansionary fiscal policy conducted in an economy at full employment will have combination of
✓increase in real output
✓little increase in nominal output.
effects in the short run.
Choose the example that is inconsistent with the provisions of the UCC for contract remedies for a seller's breach of contract.
1. In its sales contract, a software company specifies that its sole obligation in the event that its software is defective is to replace it with a non-defective copy.
2. An appliance company sells a defective stove that injures its owner. The sales contract excludes responsibility for consequential damages except those deemed unconscionable, so the company replaces the stove and compensates the woman for her injury.
3. The sales contract for a shoe company specifies that the statute of limitations for any charges of breach of contract shall be limited to two years.
4. In order to be more competitive with buyers, the sales contract for a television manufacturer extends the statute of limitations for breach of contract claims to six years.
Answer:
The sales contract for a swimming pool supply store allows for a single remedy for any contract breaches.
Explanation:
The remedies incorporate:
· Depreciation for Non-delivery· Assistance for violation of warranty· Specific Performance.The sales agreement for a purchaser electronics corporation eliminates specific achievement as a relief for non-delivery of items bought by the customer, but it provides for refunds. This represents the remedy for non-delivery of any commodity or service.
Which of the following statements is false regarding Form 8949 - Sales and Other Dispositions of Capital Assets?
A. The taxpayer uses Form 8949 to report sales and exchanges of capital assets
B. Form 8949 allows the taxpayer and the IRS to reconcile amounts that were reported to him or her and the IRS on Form 1099-B or 1099-S (or substitute statement) with the amounts he or she reports on his or her income tax return
C. If all Forms 1099-B the taxpayer received (and all substitute statements) show basis was reported to the IRS and if no correction or adjustment is needed, the taxpayer must always file Form 8949 and attach a statement of these transactions
D. Corporations and partnerships use Form 8949 to report undistributed long-term capital gains from Form 2439
Answer: C. . If all Forms 1099-B the taxpayer received (and all substitute statements) show basis was reported to the IRS and if no correction or adjustment is needed, the taxpayer must always file Form 8949 and attach a statement of these transactions.
Explanation:
IRS Form 8949: Sales and Other Dispositions of Capital Assets is basically utilized by individuals or organizations to report the capital gains and the losses that are incurred from investments.
When filling the IRS Form 8949, it should be noted that Form 1099-B and Schedule D are also required. The IRS Form 8949 is also used by individuals to report the worthlessness of s particular security and to also report bad debts.
From the options given above, the statement that is false regarding Form 8949 - Sales and Other Dispositions of Capital Assets is option C.
Which of the following is an example of an operational risk for a company that manufactures automobiles?A. A state tax increase that makes buying and registering a car more expensive
B. Rising interest rates that affect the terms of car loans, thereby decreasing demand
C. Damage to completed cars held on a storage lot
D. A national car rental agency backing out of a contract to buy a certain volume of new cars
E. Jerome needs funding to help start a business selling school supplies. He uses a website that connects him directly with a lender who charges a below-market interest rate.
Answer:C. Damage to completed cars held on a storage lot
Explanation:
Operational risk are the hazards and the uncertainties that are faced by companies in the day to day activities. It may be caused as a result of system failure or manufacturing components.
An example of operational risk for a company that manufactures automobiles would be damage to completed cars held on a storage lot.
While preparing its year 3 financial statements, Dek Corp. discovered computational errors in its year 2 and year 1 depreciation expense. These errors resulted in overstatement of each year’s income by $25,000, net of income taxes. The following amounts were reported in the previously issued financial statements:
Year 2 Year 1
Retained earnings, 1/1 $700,000 $500,000
Net income 150,000 200,000
Retained earnings, 12/31 $850,000 $700,000
Dek’s year 3 income is correctly reported at $180,000. Which of the following amounts should be adjusted to retained earnings and presented for net income in Dek’s year 3 and year 2 comparative financial statements?
Year Retained earnings Net income
year 2 -- 150,000
year 3 ($50,000) 180,000
year 2 ($50,000) $150,000
year 3 -- 180,000
year 2 ($50,000) $125,000
year 3 -- 180,000
year 2 -- $125,000
year 3 -- 180,000
Answer:
Dek Corp.
The amounts should be adjusted to retained earnings and presented for net income in Dek’s year 3 and year 2 comparative financial statements are:
Year Retained earnings Net income
year 2 ($50,000) $150,000
year 3 -- 180,000
Explanation:
a) Data and Calculations:
Years 1 and 2 net income overstated by $25,000 each.
Year 2 Year 1
Retained earnings, 1/1 $700,000 $500,000
Net income 150,000 200,000
Retained earnings, 12/31 $850,000 $700,000
b) With the above amounts, the retained earnings of Year 2 are adjusted by a negative $50,000 value, representing the overstated net income for years 1 and 2. This will reduce Year 2's ending retained earnings to $800,000 ($850,000 - $50,000). The second amount will simply state the net income for year 3 as it is.
Expansionary fiscal policy that creates a budget deficit can lead to crowding out. This crowding out effect is exhibited by A. increased taxes and increased investment. B. increased government expenditures and decreased interest rates. C. increased government expenditures and decreased investment. D. decreased government expenditures and decreased investment.
Answer: C. increased government expenditures and decreased investment.
Explanation:
Crowding out refers to a scenario where the Government borrows so much from loanable fund sources that there is little left for the private sector to borrow which leads to higher interest rates that they would be unable to borrow at.
This is reflected by the government being able to spend the money they borrowed leading to increased government expenditure but investment spending will decrease because the private sector was unable to secure loans to do so.
How can a sales user relate an opportunity to. a campaign? (2 answers) A. Select the primary campaign source for the opportunity. B. Use the campaign influence related list on the opportunity. C. Select the campaign record type when creating the opportunity. D. Use the campaign hierarchy related list on the opportunity.
Answer:
A. Select the primary campaign source for the opportunity.
B. Use the campaign influence related list on the opportunity.
Explanation:
The sales can be related with an opportunity in a following cases
1. Chose the source of the primary campaign for the opportunity purpose
2. And, use the same for influence related list
In this way, the sales user related the opportunity to a campaign
Hence, the same is to considered
Select the correct answer.
Jonathan is an operations manager in a manufacturing company. He estimates of the cost and number of machines t
to manufacture the next lot of products, Based on Jonathan's estimate, the company might need to buy more machin
subfunction of planning is Jonathan about to perform to maximize his company's operations?
OA production planning
OB. facility designing
OC. conversion process
OD. organizing
OE. Staffing
Reset
Next
Answer:
The answer is A, production planning
Explanation:
Using production planning, operations managers calculate the amount of output that the business needs to manufacture.
In this question, the output is the number of machines needed, so because Jonathan is changing the number of machines, the answer is production planning.
Answer:
conversion process 100% right PLATO
Explanation:
gang
a. Discuss possible reasons a corporation may want to grow its international business.
b. Describe the risks that a potential multinational corporation may no longer face as it ceases to be a domestic corporation.
c. Discuss total and unique risks for a potential multinational corporation.
Answer:
explanations below
Explanation:
Discuss possible reasons a corporation may want to grow its international business.
Different businesses at some point decide to go international because they intend to generate more revenue for themselves, compete for new sales opportunities, diversity into other business streams, and recruit new talents.
Describe the risks that a potential multinational corporation may no longer face as it ceases to be a domestic corporation.
Businesses operating in one country may face the risk of getting blown away by the political and economic nature of the country. When they explore other overseas markets, they would be immune to instant business collapse from political and economic issues [eg, localized recessions] a single country could bring to them.
Discuss total and unique risks for a potential multinational corporation.
Corporations may face currency risks. They are likely going to pay wages and taxes in the local currency of the various nations they operate in. if the currency of their base country loses value at any point, which may likely increase their costs in oversea nations.
Businesses that produce goods in one country and sell in another through retailers may face energy risks. This could happen when the prices of oil increase which consequently causes increase in cost of transportation of those goods.
Jahar is very friendly and loves interacting with customers. He has a lot of knowledge about loans and the risks associated with them. In which Finance career does Jahar work? Business Finance Management Financial Investment Planning Insurance Services Banking and Related Services
Answer:
C
Explanation: I took the Unit Test and got it right!
Answer: C : Insurance Services
Explanation: this is on Edgenutiy unit test
A company knows that unit cost C and unit revenue R from the production and sale of x units are related by C=R^2/100,000 + 3064. Find the rate of change of revenue per unit when the cost per unit is changing by $11 and the revenue is $4000.
Answer:
The rate of change of revenue per unit is $137.50.
Explanation:
Given;
C = R^2/100,000 + 3064 = (1/100,000)R^2 + 3064 = 0.00001R^2+ 3064 ............ (1)
Differentiating equation (1) with respect to x, we have:
dC/dx = (2 * 0.00001)R * dR/dx
dC/dx = 0.00002R * dR/dx ,,,,,,,,,,,,,,,,,,,, (2)
Where;
dC/dx = Change in cost per unit = $11
R = Revenue = $4000
dR/dx = the rate of change of revenue per unit = ?
Substituting the relevant values into equation (2) and solve for dR/dx, we have:
11 = (0.00002 * 4000) * dR/dx
11 = $0.08 * dR/dx
dR/dx = 11 / 0.08
dR/dx = 137.50
Therefore, the rate of change of revenue per unit is $137.50.
To have the potential to become sources of competitive advantage, resources and capabilities must be non-substitutable, valuable, __________, and __________. a. unique; easy to imitate b. easy to implement; unique c. easy to imitate; difficult to implement
Answer: rare; costly to imitate
Explanation:
To have the potential to become sources of competitive advantage, resources and capabilities must be non-substitutable, valuable, rare and costly to imitate.
Competitive advantage simply has to do with the factors or the resources that are available to a particular company that allows the company to produce products that are cheaper and.bettee than its counterparts. This helps the company make more sale and more revenue.
The resources must not be one that can be easily copied by others. It must also be valuable and rare.
Answer: A. Unique; Easy to imitate
Explanation: To have the potential to become sources of competitive advantage, resources and capabilities must be non-substitutable, valuable, unique, and easy to imitate.
In our newly networked world, reading is:
A. the taking in of words.
B. a comment
c. a conversation,
D. only about producing words.
Answer:c
Explanation:
Zuri had specified costs of $6,000 for the adoption of Imani, who is a U.S. citizen minor child who was in the custody of a California state public agency. All costs were directly related to the adoption and meet all other criteria. What amount can Zuri claim for the California Child Adoption Costs Credit
Answer:
The correct response is "$2,500". A further explanation is given below.
Explanation:
Zuri may assume 50 percent of the cost as either a California Kids Adoption expense, but the maximum number would be $2,500, which could be attempted to claim as something of borrowing through one year.⇒ [tex]$6,000\times 50 \ percent[/tex]
⇒ [tex]3,000 \ or \ 2,500[/tex]
Less than two are going to have been credit for the very first year.
write short notes on access to information
True or False: Japan generally runs a significant trade surplus because of low Japanese demand for foreign goods.
It is false that Japan runs significant trade surplus because of its low demand for foreign goods.
Among the various reasons, Japan is a high country saving rate relative to investment that cause a significant trade surplus.
A higher saving rate generally corresponds to trade surplus and Japan socio-political and economical conditions reveals that people have a high propensity to save.
Other factor like high life expectancy rate, tax incentives for income and frequent environmental hazards contributed to the high rate of saving in Japan.
With the high rate of savings relative to domestic investment, Japan invest more funds in other countries (net capital outflow increases) and this is matched with high net exports leading to a trade surplus.
Therefore, It is false that Japan runs significant trade surplus because of its low demand for foreign goods.
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An ad by the sandwich chain Quiznos shows a picture of their much bigger sandwich next to a similarly priced, smaller Subway sandwich. This best exemplifies:
a) pioneering advertising
b) institutional advertising
c) competitive advertising
d) comparative advertising
Answer:
l
Explanation:
Illustrate graphically how each of the following events will impact the demand for cups of coffee and explain why demand changes.
a. Average hourly wages increase in the United States.
b. The state of California requires all coffee houses to post warnings to consumers of the cancer-causing components of coffee.
c. Coffee houses increase the price of coffee in order to pay their baristas more.
Answer:
A. If average hourly wages increases, this would incentivise workers to work more hours so as to earn more wages. As a result of increased hours, more cups of coffee would be produced. This would lead to a rightward shift of the demand curve
B. As a result of the warning, individuals would be less willing to buy coffee. This would lead to a leftward shift of the demand curve
C. If the price of coffee increases, it would lead to a upward shift up along the demand curve as people would be less willing to buy coffee.
Please check the attached images for the graphs
Explanation:
Only a change in the price of a good leads to a movement along the demand curve.
Other factors affecting demand lead to a movement of the demand curve either rightward or leftward
5) On July 12, Reliable Repair Service extended an offer of $150,000 for land that had been priced for sale at $185,000. On September 3, Reliable Repair Service accepted the seller's counteroffer of $167,500. Describe how Reliable Repair Service should record the land.
Answer:
The price should be recorded as $167,500
Explanation:
As per the accounting principles, assets should be recorded at the price they were paid for. In case of a purchase, the accountant should record in the books the amount the company paid to acquire the asset. For sales, the amount received from the buyer is the figure to be recorded in the books.
For Reliable Repair Service, there were different prices quoted, but the buyer paid $167,500. It means the company sold the land for $165,000. This is the amount that should be recorded in the books.
CMS Energy Corp has an operating cycle of 157 days. The firm's days' sales in inventory is 87 days. How much does the firm have in receivables if it has credit sales of $600,000?
a. $126,922
b. $115,068
c. $81,171
d. $195,183
Answer:
b. $115,068
Explanation:
The computation of the receivables is shown below:
As we know that
operating cycle = days sale of inventory + days sales outstanding
157 days = 87 days + days sales outstanding
So,
credit days is
= 157 days - 87 days
= 70 days
Now
receivables is
= $600,000 × 70 ÷ 365
= $115,068
Therefore the correct option is second
Rearden Metal has earnings per share of $2. It has 10 million shares outstanding and is trading at $20 per share. Rearden Metal is thinking of buying Associated Steel, which has earnings per share of $1.25, 4 million shares outstanding, and a price per share of $15. Rearden Metal will pay for Associated Steel by issuing new shares. There are no expected synergies from the transaction. Assume Rearden offers an exchange ratio such that, at current pre-announcement share prices for both firms, the offer represents a 20% premium to buy Associated Steel.How many new shares Rearden needs to issue to pay for this deal?What is the exchange ratio?What will be the price per share of the combined corporation after the merger?What will be the price per share of the Rearden immediately after the announcement?What will be the price per share of the Associated Steel immediately after the announcement?
Answer and Explanation:
The computation is shown below
Current price = $15
Premium = $15 × 20% = $3
Offer price = $15 + $3 = $18
The value of associated steel = $18 × 4 million shares = $72
a. The number of new shares would be
= $72 ÷ $20
= 3.6
b. The exchange ratio is
= $18 ÷ $20
= 0.9
c. Price per share after the merger is
= ((20 × 10) + (15 × 4)) ÷ (10 + 3.6)
= $19.12
d. Price per share after the annoucement is $19.12
e. Price of associated steel is
= 19.12 × 0.90
= $17.21
Consumers use ____________ while trying to judge the value of a product bundle (like a computer, printer, and a digital camera sold together). Specifically, the perceived value of the most important item in the bundle forms the initial assessment, which is then shifted upward/downward, based on the perceived value of the remaining items.
Select one:
a. availability heuristic
b. mood
c. ongoing search
d. anchoring and adjustment
e. imagery
Answer: anchoring and adjustment
Explanation:
Anchoring and adjustment has to do with the adjustment in the idea that a person has based on some initial occurence.
Anchoring and adjustment can be used
in sales when a consumer's subsequent negotiations is based on the previous negotiation or purchases. Therefore, consumers use anchoring and adjustment while trying to judge the value of a product
Write down the steps which are included in the planning phase of the data analysis process?
Answer:
Step 1: Knowing and Defining your questions:
Step 2: Measurement
Step 3: Data Collection
Step 4: Analyzing the Data:
Step 5: Interpreting the results
Explanation:
Data Science is no doubt the most necessary science today. Every company, business or government need lots of data to make their decision making efficient and accurate.
For efficient decision making, data analysis is the key tool to utilize.
Data Analysis is basically the converting millions of billions of raw data into something useful out of it in terms of decision making of anything.
Data Analysis has 5 simple steps to follow, which are discussed below one by one.
Step 1: Knowing and Defining your questions:
Knowing right questions is the first and most critical steps in the data analysis process. Wrong questions will lead to wrong decisions. Therefore, make clear, concise and problem oriented questions.
For example: Our company is experiencing a downfall in revenues, can we afford to cut down the manpower?
Step 2: Measurement
For this step to complete, you must need to know what to measure and how to measure it.
For example: For cutting down of manpower, what type of data we need to measure? obviously we will be needing data relating to manpower and our companies revenues to generate the relation between them. Furthermore, it is equally necessary to know how to measure it. What factors do we include in it. What is our time frame etc etc.
Step 3: Data Collection
Obviously, this is the feed of all the process. For data analysis, you need to have sufficient data in the first place.
Step 4: Analyzing the Data:
After acquiring all the steps in the process, it is time to analyze the data more deeply. You will be searching for correlations in your data with your problem. In this step, you will be finding different parameters such as maximum, minimum, standard deviation, variance et. Moreover, you will needing graphs to plot the data that you have acquired.
Step 5: Interpreting the results
Lastly, you need to correctly interpret the results that you have got from the previous step. Right interpretation will lead to right decision making which will make a fortune of your company and wrong interpretation will lead to wrong decision making and you will be going otherwise,
When an item is purchased ,money is exchanged for the to.......
Answer:
When an item is purchased ,money is exchanged for the to.......
Explanation:
When an item is purchased ,money is exchanged for the to.......
Answer:
own the item.
Explanation:
Plz mark brainliest thanks
A forklift is purchased for $17,000. The truck is expected to be of use to the company for 6 years, after which it will be sold for $3,500. Calculate the depreciation charge and book value for each when a double declining balance (DDB) method is used.
Answer:
The depreciation charges and book value for each year are as follows:
Year Depreciation charges ($) End year book value ($)
1 5,668 11,332
2 3,778 7,554
3 2,519 5,036
4 1,679 3,357
5 1,119 2,238
6 (1,262) 3,500
Explanation:
Note: See the attached excel file for the calculation of depreciation charge and book value for each of the 6 years assuming double-declining balance (DDB) method.
A double-declining-balance refers to a depreciation method that depreciates an asset twice the rate of the straight line depreciation method.
In the attached excel file, the depreciation rate used is calculated as follows:
Straight line depreciation rate = 1 / Number of years of operating
activities = 1 / 6 = 0.1667, or 16.67%
Double-declining depreciation rate = Straight line depreciation rate * 2
= 16.67% * 2 = 33.34%
The 33.34% double-declining depreciation rate is therefore used in the attached excel file table.
Note:
The depreciation charge is negative, i.e. -$1,262, the residual value of $3,500 which is greater than the beginning book value in Year 6 of $2,238 has to be considered. Therefore, the Year 6 depreciation expenses is calculated as follows:
Year 6 depreciation expenses = Beginning book value in Year 6 - Residual value = $2,238 - $3,500 = -$1,262
What rate of return is expected from a stock that sells for $30 per share, pays $1.54 annually in dividends, and is expected to sell for $32.80 per share in one year?
A. 15.03%
B. 14.28%
C. 14.09%
D. 14.47%
Answer:Expected Rate of Return = 14.47%
Explanation:
Given that Dividend= $1.54
Price of stock = $30
Expected selling price of stock = $32.80
Expected Rate of Return = (Dividends Paid + Capital Gain) / Price of Stock
Capital gain = Expected selling price - Buying price of stock
= $32.80- $30.00
= $2.80
Expected Return = ($1.54 + 2.80)/ 30
=0.1446666 x 100
=14.465 ≈14.47%
The following graph shows the consumer price index (CPI) for a fictional country from 1980 to 1990. Consumer Price Index (CPI) 60 1980 1982 1984 1986 1988 1990 During which of these time periods was there a period of inflation?
A. 1986 to 1988
B. 1988 to 1990
C. 1982 to 1984
D. 1980 to 1982
The answer is C
Answer:
C. 1982 to 1984 is correct answer
Review the following scenario, then choose the appropriate response describing steps a paid tax preparer must take to demonstrate due diligence. Henry (21) comes in to your office to have his tax return prepared. He states that he is a full- time college student with income from a part-time job, and his parents will not claim him as a dependent. He wants to claim the American Opportunity Tax Credit (AOTC). Which of the following describes an appropriate question to ask or action to tako?
a) Ask him if he has ever been convicted of a misdemeanor offense or had his driver's license revoked
b) Inform him that he may be assessed a penalty of $530 if he fails to provide all the information required.
c) Inform him he must provide copies of all transcripts before you can prepare his retum.
d) Request a copy of his Form 1098-T Tuition Statement, and inquire into when and how his educational and other living expenses were paid.
Answer:
The appropriate question to ask or action to take is:
b) Inform him that he may be assessed a penalty of $530 if he fails to provide all the information required.
Explanation:
The penalty for not meeting the due diligence requirements is $530 for tax returns filed in 2020. The practitioner must get Henry to fill the Form 8867. The purpose of this form is to ensure that the practitioner has considered all applicable eligibility criteria for certain tax credits, especially the American opportunity tax credit (AOTC), which Henry is applying for.