Answer:
Theory X
Explanation:
Theory X is one of the types of management. In this type of management, the managers presume that the employees are not motivated towards their work. They step out with methods like remuneration and increments to motivate the employees. These additional benefits are provided to them when the employees show great responses in tangible forms. The managers hold the thought that the employees need to be controlled and threatened to bring the maximum output of them. They also assume that the employees need constant supervision at every stage of their work.
In the given excerpt, it is evident from the steps taken by Jerry that he is a Theory X manager.
Economies of scale arise when a. an economy is self-sufficient in production. b. individuals in a society are self-sufficient. c. fixed costs are large relative to variable costs. d. workers are able to specialize in a particular task
Answer:
d. workers are able to specialize in a particular task.
Explanation:
In Microeconomics, economies of scale can be defined as cost reductions or cost advantages that arises when a business entity is increases its production or are large in size.
This ultimately implies that, when an organization chooses a convenient scale of operation or reduce its scale of production, this would lead to a reduction in the cost of production and consequently, some benefits such as lower long-run average cost, increased sales, profits and lower cost price for the consumers of these finished products.
Generally, economies of scale arise when workers are able to specialize in a particular task. This is so because having a good number of professionals and experts would increase the level of production or output, as they are quite conversant with the best method of production, time management and efficiency.
"Whenever Andrew considers upgrading his personal computer system, he consults with Jeremy, a knowledgeable friend who always has the newest technology. For Andrew, Jeremy is a(n) __________ in the diffusion of innovation curve."
Answer: innovator
Explanation:
From the question, we are informed that whenever Andrew considers upgrading his personal computer system, he normally consults with Jeremy, a knowledgeable friend who always has the newest technology.
Regarding the question, Jeremy is an innovator. An innovator is someone who has embraced new ideas and is always trying out new gadgets and technology.
If 10,000 units which were 50% completed are in process at November 1, 90,000 units were completed during November, and 20,000 were 20% completed at November 30, the number of equivalent units of production for November was 90,000. (Assume no loss of units in production and that inventories are costed by the first-in, first-out method.)
a. true
b. false
Answer:
False
Total equivalent units 89,000 units
Explanation:
Equivalent units are notional whole units which represent incomplete work and are used to apportion cost between work progress and completed work. These units are determined as follows:
Equivalent units = Degree of work done(%) × units of inventory
Item unit Equivalent unit
Opening inventory 10,000 50% × 10,000 5000
Fully worked unit 80,000 100%× 80,000 80,000
Closing inventory 20,000 20% × 20,000 4,000
Total equivalent units 89,000
Notes:
1. Fully work represent units started and completed in the same period. They exclude the opening inventory.
Fully worked = 90000- 10,000 =80,000.
2. Note also at that the degree of completion for opening inventory is the simply the balance of work remaining to be done.
For example, for materials, 50% of work has been done on the opening inventory in the last period, hence the balance of 50% would be done this period
Energy Drink, Inc. has decided to launch a new energy drink that will have the fewest calories among its competitors. To understand the market potential for the new drink and the demographics and attitudes of consumers who are likely to buy the product, Energy Drink, Inc should most likely use which of the following marketing research options?
a. archival research.
b. causal research.
c. descriptive research.
d. exploratory research.
Answer:
d. exploratory research.
Explanation:
Exploratory work is undertaken to reach out the details that have not been examined in depth in the history about the issue. It is widely used in marketing to assess the product's market value to determine the age, disposition as well as other characteristics of the likely customers.
Therefore the correct option is d as it represents the exploratory research.
The records of Skilling Inc. include the following information on one of its departments, which is considered an investment center. Sales totaled $9,800,000 and investment center income totaled $766,500 for the most recent year. Investment center average invested assets were $3,650,000 during that year. Top management has set a target income of 11.5% of investment center assets. What is the department's residual income
Answer:
Residual income= 346,750
Explanation:
Residual income is the excess of the controllable profit over the opportunity cost of capital invested.
It is used to evaluate the financial performance of a division or department
It is computed as follows:
Residual income = Controllable profit - (cost of capital× operating assets)
Net income - 766,500
investment asset-3,650,000
Cost of capital - 11.5%
Residual income = 766,500 - (11.5%×3,650,000) = 346750
Residual income= 346,750
Valerie promises Teresa that she will pay Teresa $50 if Teresa will clean Valerie's house by noon on Saturday. If Teresa cleans the house by noon on Saturday and Valerie pays the $50, then this is an implied, bilateral, executory contract.
a) true
b) false
Answer:
b) false
Explanation:
This could be considered a bilateral and executory contract because both parties agreed to perform and exchange consideration in the future (in this case, Saturday). But it cannot be considered an implied contract.
E.g., an implied contract happens when you enter a movie theater and a commercial relationship is established where the movie theater must allow you to see a movie and you must pay your ticket for doing so. The same applies for other public places restaurants, theme parks, etc.
But in this case, Valerie's house is not a place where any person is free to attend. You cannot just go into Valerie's house and start cleaning so that she pays you $50.
Implied contracts might also result from previous performances, e.g. Teresa cleans Valerie's house every Saturday for almost 2 years now. The past performance might result in an implied contract, but this wouldn't be the case here either.
Will's Whitewater Rafting sold 3 acres of land used in the business. The sales price was $6,000 and the adjusted basis of the land was $4,200. Will receives a down payment of $4,000 at the time of sale and will receive the remaining $2,000 early next year. The realized gain on the sale is $
Answer:
The realized gain on the sale is $1,800
Explanation
Adjusted basis is defined in tax accouting as the residual cost after deducting various related tax items.
Since
Selling Price = $6,000
Adjusted basis = $4,200
Therefore, the gain realized on the sale is
Sales - Adjusted basis
= $6,000 - $4,200
= $1,800
Garland Company received proceeds of $235000 on 10-year, 6% bonds issued on January 1, 2018. The bonds had a face value of $250000, pay interest annually on January 1, and have a call price of 101. Garland uses the straight-line method of amortization. What is the carrying value of the bonds on January 1, 2020? $236500 $246700 $250000 $238000
Answer:
$238000
Explanation:
The computation of the carrying value of the bond is shown below:
Given that
Face Value of Bonds = $250,000
Proceeds from issuance of bonds = $235,000
Before that we need to compute the following things
Now
Discount on Bonds Payable = Face Value of Bonds - Proceeds from issuance of bonds
= $250,000 - $235,000
= $15,000
Life of Bonds = 10 years
Now
Discount on Bonds amortized annually = Discount on Bonds Payable ÷ Life of Bonds
= $15,000 ÷ 10
= $1,500
Now
Discount amortized is
= Discount on Bonds amortized annually × expired life
= $1,500 × 2
= $3,000
Finally
Carrying Value of Bonds = Issue Price + Discount amortized
= $235,000 + $3.000
= $238,000
Fiscal policy lags:_________.
a) are generally longer than monetary policy lags.
b) are generally shorter than monetary policy lags.
c) are generally the same length as monetary policy lags.
d) may be shorter or longer than monetary policy lags.
Answer:
d) may be shorter or longer than monetary policy lags.
Explanation:
Remember, the term policy lags refers generally to the lag or length of time between the time when an economic problem is discovered, like increased unemployment, and the extent to which policy solves the economic problem.
From a general perspective this policy lags in fiscal policy may be shorter or longer than monetary policy lags depending on the political and economic environment of the country.
When Nokia used a global campaign to promote their new product (Nokia 900 Communicator) that combined phone, fax, e-mail, and Internet functions with the slogan "Everything. Everywhere," they were appealing to a(n) ______________________ segment.
Answer:
Universal segment
Explanation:
Universal segment is a method used in marketing to target a broad range of customers. The aim is to attract a larger number of people to purchase the product.
segmentation is the way a product is tailored to meet the needs of target customers.
in the given scenario Nokia used a global campaign to promote their new product (Nokia 900 Communicator) that combined phone, fax, e-mail, and Internet functions. This has a broad range of users for these features.
The slogan of this product was also "Everything. Everywhere".
Kansas Enterprises purchased equipment for $81,000 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value of $7,500 at the end of five years.
Using the straight-line method, depreciation expense for 2021 would be:_________.
Answer:
Depreciation expense for 2021 will be $14700
Explanation:
The straight line method charges a constant depreciation expense each period throughout the useful life of the asset. The depreciation expense per period under the straight line method is calculated as follows,
Depreciation expense = (Cost - Residual value) / Useful life of the asset
Depreciation expense = (81000 - 7500) / 5
Depreciation expense = $14700
Home Appliance Corporation contracts with Instate Trucking Company to take a selection of appliance repair parts to Journey Airlines, Inc., with Journey to transport the goods to a KeepSafe Company warehouse. Instate Trucking, Journey Airlines, and KeepSafe each acknowledge possession of the goods by a document of title. Instate Trucking, Journey Airlines, and KeepSafe are
Answer: bailees.
Explanation:
Given: Home Appliance Corporation contracts with Instate Trucking Company to take a selection of appliance repair parts to Journey Airlines, Inc., with Journey to transport the goods to a KeepSafe Company warehouse which in terms known as Bailment which is a legal contract in law, where the owner(known as bailor) transfers physical possession of his property for a time to another party (known as bailees).
Here, Home Appliance Corporation is the bailor (Transfers possession of the goods to other party called bailee)
whereas Instate Trucking, Journey Airlines, and KeepSafe are bailees.
Memoryjet, Inc has developed a new technology for high-volume jump drives. In order to manufacture their new devices they will need to gear up a new production line, which will cost about $85 million. What kind of bond instrument could they use to help secure the funds they need for their new line
Answer: Corporate bond
Explanation:
From the question, we are informed that Memoryjet, Inc has developed a new technology for high-volume jump drives and that in order to manufacture their new devices they will need to gear up a new production line, which will cost about $85 million.
The kind of bond instrument could they use to help secure the funds they need for their new line is the corporate bond. This is used by an organization in order for them to raise capital.
uan Perez, who is turning age 65 next month, intends to work for several more years at Smallcap, Incorporated. Smallcap has a workforce of 15 employees and offers employer-sponsored healthcare coverage. Juan is a naturalized citizen and has contributed to the Medicare system for over 20 years. Juan asks you if he will be entitled to Medicare and if he enrolls how that will impact his employer-sponsored healthcare coverage. How would you respond?
Answer:
The common requirements to qualify for Medicare are:
US citizen or permanent resident for at least 5 years.Currently receiving social security benefits or qualified to receive them in the futureYour spouse is employed by the government and he/she has paid Medicare payroll taxes.Apparently "J"uan Perez complies with them since he is a US citizen and has been contributing to Medicare for more than 20 years. Therefore, he should be eligible for it and Medicare would become his primary healthcare insurer. After Juan is enrolled in Medicare, his employer will no longer be required to provide sponsored health coverage.
The increase in Hollywood revenues outside North America reflects which business trend? Multiple Choice strategic alliance globalization cost reduction cultural distance local responsiveness
Answer:
globalization
Explanation:
Hollywood has become a global business for quite some time, being by far the most important and lucrative cinema business in the world.
Hollywood producers dominate the world markets with blockbusters that make billions of dollars every year.
Recently, the growth of the Chinese market has represented a huge new market for Hollywood producers.
The increase in Hollywood revenues outside North America reflects globalization.
What is globalization?It is the process where the people and the products should be moved easily across the borders. It is an economic concept where the market should be integrated, also there should be trade and investment that contain few barriers so that the flow of the products could be less. Also, the Hollywood should be the global business that represent the lucrative cinema business.
Learn more about revenues here: https://brainly.com/question/24469067
Waterway Company made a purchase of merchandise on credit from Carla Vista Company on August 8, for $9200, terms 3/10, n/30. On August 17, Waterway makes the appropriate payment to Carla Vista. The entry on August 17 for Waterway Company is:
Answer:
Dr Accounts Payable 9,200
Cr Inventory 276
Cr Cash 8,924
Explanation:
Preparation of the Journal entry on August 17 for Waterway Company
Since we were told that the company made a credit purchase of the merchandise on Aug 8 for the amount of $9,200 with a terms of 3/10 from Carla Vista Company this means that the transaction will be recorded as:
Dr Accounts Payable 9,200
Cr Inventory 276
(3%×9,200)
Cr Cash 8,924
(97%*9,200)
Kevin is not fond of travelling; hence, he did not take up an assignment as the job involved excessive travelling. On the other hand, Sam took up
the same assignment simply because he loves travelling. What is such a contrasting behavior called?
The contrasting behavior that influenced Kevin and Sam's job selection is known as
Answer:
Internal employee motivations or employee personality traits.
Explanation:
Remember, based on the context of this example, we notice here that, the two employees had different personalities, and thus affected their job selection.
Personality of an employee serves as internal motivation for certain job duties and may affect the quality of their work. Thus, recruitment staff should always strife to place the right person for the right job.
A market demand curve shows Group of answer choices the sum of all prices that the individual buyers are willing and able to pay for each possible quantity of the good. the relationship between price and the number of buyers in a market.
Answer:
the sum of all prices that the individual buyers are willing and able to pay for each possible quantity of the good.
Explanation:
Market demand refers to the sum of the individual demand for a commodity from all buyers in a given market.
A market demand curve is therefore a graph that shows the the sum of the individual demand for a commodity from all buyers in the market.
Therefore, the correction option is "the sum of all prices that the individual buyers are willing and able to pay for each possible quantity of the good".
Note that the market demand curve is a downward sloping curve due to the fact that there is a negative relationship between price and quantity demanded. That is, as price increases, the quantity demanded decreases. On the other hand, as price decreases, the quantity demanded increases.
Also note that an example of a market demand curve is given in the attached graph. From the graph, it can be seen that when price is [tex]p_{0}[/tex], quantity demanded is [tex]q_{0}[/tex]. But when price falls to [tex]p_{1}[/tex], quantity demanded increased to [tex]q_{1}[/tex]. This shows the negative relationship between price and quantity demanded as explained above.
The fixed cost of Widget Corp., a keyboard manufacturing company, is $600,000 per year. The cost of equipment and labor to make one keyboard is $10. If the customers would pay $25 to buy one keyboard, Widget Corp. needs to sell _____ keyboards to make profits.
Answer: more than 40000
Explanation:
Given : Fixed cost per year = $600,000
Cost of equipment and labor to make one keyboard = $ 10
Selling price of 1 keyboard = $25
Gain on each keyboard = Selling price - cost
= $25 - 410
= $15
Minimum number of keyboards need to sell to make profit = ( Fixed cost) ÷ (Gain)
= 600,000 ÷ 15
= 40000
Hence, Widget Corp. needs to sell more than 40000 keyboards to make profits.
Escanaba purchased five-year debt securities on 1/1/21, which it plans to hold until maturity. At 12/31/21, the market value is 2% lower than carrying value. How should Escanaba report the 2021 unrealized loss?
Answer:
Escanaba should report their investment as held to maturity securities, therefore, they must be reported as non-current assets (since they mature in more than 1 year). Generally HTM securities are reported at their amortized cost.
This means that any change in their market price (gains or losses) will not be reported in the balance sheet nor the income statement.
Assume that your firm is an importer of Mexican chairs denominated in pesos. Your competition is mainly U.S. producers of chairs. You wish to assess the relationship between the percentage change in the firm’s stock price (SPt) and the percentage change in the peso's value relative to the dollar (PESOt). SPt is the dependent variable. You apply the regression model to an earlier subperiod and a more recent subperiod. In the recent subperiod, you increased your importing volume. You should expect that the regression coefficient in the PESOt variable would be ____ in the first subperiod and ____ in the second subperiod.
Answer:
negative, negative.
Explanation:
So, let us fill in the gap in the question given above. Bother that the capitalized words are the answers to the missing gaps;
" Assume that your firm is an importer of Mexican chairs denominated in pesos. Your competition is mainly U.S. producers of chairs. You wish to assess the relationship between the percentage change in the firm’s stock price (SPt) and the percentage change in the peso's value relative to the dollar (PESOt). SPt is the dependent variable. You apply the regression model to an earlier subperiod and a more recent subperiod. In the recent subperiod, you increased your importing volume. You should expect that the regression coefficient in the PESOt variable would be NEGATIVE in the first subperiod and NEGATIVE in the second subperiod."
This question is all about the measurement of exposure to exchange rate fluctuations. The measurement of exposure to exchange rate fluctuations is done by firms in order to be able to calculate the risk involves in exchange rate fluctuations.
In the problem given Above, as the importing volume increase, we have a negative regression coefficient in the PESOt variable.
The Clayton Act: Group of answer choices a. was declared illegal. b. closed loopholes in the Sherman Antitrust Act. c. prevents anticompetitive practices. d. prohibits all mergers and acquisitions.
Answer:
d. prohibits all mergers and acquisitions.
Explanation:
The Clayton Act is an antitrust law of the United States of America. It was enacted by the U.S Congress in the year, 1914. Henry De Lamar Clayton was the lawmaker who introduced this legislation which is aimed at regulating the behavior or activities of massive business entities, it was then signed into law by President Woodrow Wilson on the 15th of October, 1914.
The Clayton Act prohibits all mergers and acquisitions of a business entity if the reason is to monopolize and by extension lessen competition in the market according to its section 7. The Act was passed primarily to stop incipient anti competitive behavior that are not covered by the Sherman Act.
Other sections of the Clayton Act prohibited predatory pricing, price cutting and discrimination, monopoly etc.
The process in which the title company oversees the closing or document signing of the loan in close conjunction with the entity performing the escrow function on the loan is known as what...?
Answer:
Title closing
Explanation:
Title closing process involves all the steps to make sure that you complete all the legal requirements to buy a home and this includes signing the loan documents and the title before the transaction is completed. In this, there is an agent from the title closing company that handles the process to make sure everything goes smoothly. According to this, the answer is that the process in which the title company oversees the closing or document signing of the loan in close conjunction with the entity performing the escrow function on the loan is known as title closing because this is a process that includes all the steps to complete the legal requirements to buy a real state like document signing of the loan.
Rhonda, a junior accountant at a manufacturing company, was laid off from her job because she rejected multiple requests from the company's chief financial officer to engage in a physical relationship with him. In the context of employment legislation, this scenario best illustrates _____.
Answer: quid pro quo sexual harassment
Explanation:
The scenario represented in the question regarding Rhonda and her company's chief financial officer is referred to as quid pro quo sexual harassment.
Quid pro quo sexual harassment is a situation that occurs when benefits, pay, employment, position, training, title, position are based on the condition that the other individual involved agree to ones sexual advances. It should be noted that this is illegal.
The ________, published by the Department of Labor, lists more than 20,000 job titles and descriptions and serves as a useful tool for getting a small business owner started when writing job descriptions.
Answer:
Dictionary of Occupational Titles
Explanation:
The answer is the Dictionary of Occupational Titles because this is a document created by the United States Department of Labor in which it establishes a big amount of different jobs in many areas and what they involve to help employers and the government to be able to define them in their organizations.
You and your spouse are in good health and have reasonably secure careers. Each of you makes about $40,000 annually. You own a home with a mortgage of $80,000, and you owe $15,000 on car loans, $5,000 in personal debts, and $4,000 on credit card loans. You have no other debts. You have no plans to increase the size of your family in the near future. Assume funeral expenses of $10,000. Estimate your total insurance needs using the DINK method.
Answer:
$62,000
Explanation:
the DINK method or double income, no kids method, makes two basic assumptions when considering insurance needs:
both spouses work and earn the same salariesif one spouse dies, the remaining one will keep workingIn order to determine total insurance needs you add funeral expenses ($10,000) + half of mortgage ($40,000) + half of auto loan ($7,500) + half of credit card debts ($2,000) + half of personal debts ($2,500) = $62,000
Major American car manufacturers are offering buying incentives to newly graduated college students who traditionally have little or no credit. Car manufacturers are using which of the following market modification strategies?
a) finding new users
b) increasing use by existing customers
c) modifying the product
d) creating new use situations
Answer:
a) finding new users
Explanation:
In this specific scenario, these car manufacturers are looking to find new users with these strategies. By providing these incentives the newly graduated college students are enticed by the offer since they want to buy a car but other manufacturers do not have these options to help the students finance their purchase. Therefore these students would choose these Major American car manufacturers thus becoming new users for them.
Suppose that a company based in Dallas, Texas, initially confronts only four other rival firms. Its own market share is percent, which ties it with the other largest producer and seller in the industry. The market share of each of the other three firms is percent. Then a sixth firm, located in Cleveland, Ohio, enters the same industry. The new firm captures percent market share, and the market share of one of the smallest three original incumbents declines to percent as well. After the Cleveland firm's entry into the industry, what are the values of the four-firm concentration ratio and of the Herfindahl-Hirschman index?
Answer:
1. 86.7%
2. 2244.4
Explanation:
The computation is shown below:
1. The new 4 firm concentration ratio after entry is
= Total mix share of 4 largest firms
= 30% + 30% + 13.33% + 13.33%
= 86.7%
2. Now HHI index is
= sum of squared shares
= 30^2 + 30^2 + 13.33^2 + 13.33^2 + 6.67^2 + 6.67^2
= 2244.4
Hence, we applied the above values so that each part could be determined
hoose the statement that is incorrect. A. The consensus is that the crowding-out effect is strong enough to make the government expenditure multiplier less than 1. B. The government expenditure multiplier is the quantitative effect of a change in government expenditure on real GDP. C. The tax multiplier is the quantitative effect of a change in taxes on real GDP. D. The demand-side effects of a tax cut are likely to be larger than an equivalent increase in government expenditure
Answer: D. The demand-side effects of a tax cut are likely to be larger than an equivalent increase in government expenditure
Explanation:
There is now a consensus amongst economists that an increase in Government spending will have larger demand-side effects than a tax cut. This is because Government spending goes directly into the economy and stimulates growth through the ripple effect that it has that will see money multiplied.
Tax cuts on the other hand are only effective if consumers either consume the tax savings or invest them. While they will do this for most of the savings, there is a high probability that they will save some of them instead of spending them.
When a business combination occurs, or a company obtains control over another, a special set of accounting principles known as the acquisition method applies. The acquisition method requires that the acquired net assets are recorded on the balance sheet at fair value, regardless of the amount paid by the acquirer.
a. True
b. False
Answer:
a. True
Explanation:
The Acquirer is deemed to have acquired the assets at Fair Value at the Acquisition date.
These assets are then included in the Consolidated Statements at their fair values at acquisition irregardless of the amount paid by the acquirer.
The difference in the amount paid by Acquirer and the Net Assets acquired can bring about Goodwill or a Gain from Bargain Purchase.