The journal entry to record $4,500 cash received for $5,500 services performed would include a credit to fees earned for $5,500. The correct option is b.
Given
Cash Received = $4,500
Fee Earned = $5,500
required to pass the adjusting journal entry =?
The required entry is as follows:
Debit: Cash $4,500
Debit: Accounts Receivable $1,000
Credit: Fee Earned $5,500
The value of the rendered services is fully represented by the sum of $5,500. The cash received account would be debited because payment for the services was made in cash. The related credit entry would be used to recognize the revenue, or fees generated, from the services.
Thus, the ideal selection is option b.
Learn more about journal entries here:
https://brainly.com/question/33045014
#SPJ12
xyz's stock price and dividend history are as follows: year beginning-of-year price dividend paid at year-end 2019 $ 190 $ 5 2020 200 5 2021 180 5 2022 190 5 an investor buys three shares of xyz at the beginning of 2019, buys another two shares at the beginning of 2020, sells one share at the beginning of 2021, and sells all four remaining shares at the beginning of 2022. required: a. what are the arithmetic and geometric average time-weighted rates of return for the investor? (round your year-by-year rates of return and final answers to 2 decimal places. do not round other calculations.)
Arithmetic average time-weighted rate of return is 4.04%. Geometric average time-weighted rate of return is 5.77%.
To calculate the arithmetic average time-weighted rate of return, we need to first calculate the returns for each year. For the first year, the return is ($5 dividend + ($200 selling price - $190 buying price)) / $190 buying price = 0.1053 or 10.53%. For the second year, the return is ($5 dividend + ($180 selling price - $200 buying price)) / $200 buying price = -0.075 or -7.5%. For the third year, the return is ($5 dividend + ($190 selling price - $180 buying price)) / $180 buying price = 0.1111 or 11.11%.
To calculate the geometric average time-weighted rate of return, we need to first calculate the overall return for the investor. The investor bought 3 shares at $190 each for a total investment of $570 at the beginning of 2019. The investor bought 2 more shares at $200 each for a total investment of $400 at the beginning of 2020. The investor sold 1 share at $180 at the beginning of 2021, receiving $180. The investor sold the remaining 4 shares at $190 each for a total of $760 at the beginning of 2022. Therefore, the overall return is ($5 dividend * 5 shares + $760 selling price - $570 buying price - $400 buying price - $180 selling price) / ($570 + $400) = 0.2193 or 21.93%.
The arithmetic average time-weighted rate of return is the sum of the yearly returns divided by the number of years: (10.53% - 7.5% + 11.11%) / 3 = 4.04%. The geometric average time-weighted rate of return is the nth root of the overall return, where n is the number of years: (1 + 0.1053) * (1 - 0.075) * (1 + 0.1111) = 1.1998. Taking the cube root (since there were 3 years) gives a geometric average time-weighted rate of return of 5.77%.
Therefore, the arithmetic average time-weighted rate of return for the investor is 4.04% and the geometric average time-weighted rate of return is 5.77%.
For more such questions on Arithmetic average
https://brainly.com/question/23890095
#SPJ11
at the beginning of the year, a firm had $120,000 in total assets and a debt-to-assets ratio of 0.5 or 50%. during the year, the firm's assets increased by $40,000, and its liabilities increased by $36,000. what is the debt-to-assets ratio at the end of the year? multiple choice question. 1.7 or 170% 0.6 or 60% there is not enough information to determine the debt-to-assets ratio. 0.9 or 90% 0.4 or 40%
The answer is 0.6 or 60%. To calculate the debt-to-assets ratio at the end of the year, we need to know the total assets and total liabilities at the end of the year.
We know that at the beginning of the year, the firm had $120,000 in total assets and a debt-to-assets ratio of 0.5 or 50%. During the year, the firm's assets increased by $40,000, bringing the total assets to $160,000 ($120,000 + $40,000). However, the liabilities also increased by $36,000, bringing the total liabilities to $84,000 ($48,000 + $36,000).
To calculate the debt-to-assets ratio at the end of the year, we divide total liabilities by total assets:
Debt-to-assets ratio = Total liabilities / Total assets = $84,000 / $160,000 = 0.525 or 52.5%
Since this answer is not one of the multiple choices, we round it to the nearest choice, which is 0.6 or 60%. Therefore, the main answer is 0.6 or 60%.
1. Calculate the firm's initial liabilities: 0.5 (debt-to-assets ratio) x $120,000 (total assets) = $60,000
2. Calculate the firm's total assets at the end of the year: $120,000 (initial assets) + $40,000 (increase in assets) = $160,000
3. Calculate the firm's total liabilities at the end of the year: $60,000 (initial liabilities) + $36,000 (increase in liabilities) = $96,000
4. Calculate the debt-to-assets ratio at the end of the year: $96,000 (total liabilities) / $160,000 (total assets) = 0.6 or 60%
To Know more about assets ratio
https://brainly.com/question/30253017
#SPJ11
james is one of two producers of doodads in the city of hooville. because the industry consists of two firms, he is operating in: a duopoly. a monopolistically competitive market. a monopsony. a monopoly.
James is operating in a duopoly because the industry consists of two firms.
In economics, a duopoly is a market structure in which there are only two firms producing a specific product or providing a particular service.
The firms in a duopoly have a significant impact on the industry because they are the only players in the market. They have to take into account the actions of their rival firm when making decisions about production, pricing, and marketing.
A monopolistically competitive market, on the other hand, is a market structure in which there are many firms producing similar but not identical products.
In such a market, each firm has some degree of market power, but they are still subject to competition from other firms. The products may differ in terms of quality, design, or other features that make them unique.
A monopsony is a market structure in which there is only one buyer for a particular product or service. In such a market, the buyer has significant bargaining power, and the suppliers may have to accept lower prices or other unfavorable terms.
A monopoly is a market structure in which there is only one firm producing a particular product or providing a particular service. In such a market, the firm has significant market power, and it may be able to charge high prices or restrict output to increase its profits.
In summary, James is operating in a duopoly because there are only two firms in the industry. This market structure has implications for the decisions that he and his rival firm make about production, pricing, and marketing.
It is different from a monopolistically competitive market, a monopsony, or a monopoly, which have different characteristics and implications for the behavior of firms in the market.
To know more about price click here
brainly.com/question/3855972
#SPJ11
since toni brookfield is retired, she has used income from her investment in the alger mid cap growth fund to supplement her other retirement income. during one three-month period, the fund grew by $10,000. if she withdraws 65 percent of the growth, how much will she receive?
If Toni Brookfield withdraws 65 percent of the growth from the Alger Mid Cap Growth Fund, she will receive $6,500.
This is because 65 percent of the $10,000 growth is equal to $6,500. Additionally, it's wise to have a diversified retirement income plan that includes multiple sources of income such as Social Security benefits, pension payments, and savings in various types of accounts. This can help provide financial stability and security in retirement.
To find the amount she will receive, we will multiply the total growth ($10,000) by the percentage she wants to withdraw (65%).
$10,000 * 0.65 = $6,500
This additional income will help supplement her other retirement income sources, ensuring she maintains a comfortable lifestyle during her retirement years.
Learn more about income here:
https://brainly.com/question/17961582
#SPJ11
Use the information in Exhibit 7 and 8. What is the run time per unit? Hint: Compute an "adjusted run time per unit" that includes the batch setup time.
Using the information in Exhibits 7 and 8, the run time per unit, including the batch setup time, is calculated by dividing the total run time by the number of units produced. This adjusted run time per unit takes into account both the time spent on actual production and the time spent on setting up the batch.
To compute this adjusted run time per unit, first, determine the total run time by adding the batch setup time and the total time spent on producing the units. Next, divide the total run time by the number of units produced to obtain the adjusted run time per unit.
In order to provide you with a more precise answer, please provide the relevant information from these exhibits, such as batch setup time, total production time, and the number of units produced. Once you provide this information, I will be able to help you calculate the adjusted run time per unit.
payments for purchases are expected to be made 50% in the month of purchase and 50% in the month following purchase. the december accounts payable balance is $7,200. the budgeted cash payments for materials in january are:
The budgeted cash payments for materials in January are expected to be 50% of the total accounts payable balance in December.
Based on the payment terms provided, payments for purchases are expected to be made 50% in the month of purchase and 50% in the month following purchase. Therefore, the accounts payable balance in December includes purchases made in both December and November. Assuming that all purchases are paid according to the payment terms, the 50% payment for purchases made in December would be due in January.
Given that the December accounts payable balance is $7,200, the budgeted cash payments for materials in January would be $3,600 (50% of $7,200). This represents the amount due for purchases made in December.
It's important to note that this calculation assumes that there are no early payment discounts or late payment penalties associated with the payment terms. If such discounts or penalties exist, they would need to be factored into the calculation to determine the actual budgeted cash payments for materials in January.
Learn more about budgeted cash payments: https://brainly.com/question/25591883
#SPJ11
when investors use leverage in their own portfolios to adjust the leverage choice made by the firm, it is referred to as .
It is referred to as "unlevering" or "relevering" the portfolio when investors use leverage in their own portfolios to change the leverage decision made by the firm.
This involves either reducing or increasing the amount of debt in their personal investment strategy in order to offset the leverage of the firm they are investing in. When investors use leverage in their own portfolios to adjust the leverage choice made by the firm, it is referred to as "homemade leverage."
Homemade leverage is the term used to describe when investors adjust the leverage choice made by the firm by using leverage in their own portfolios. This allows them to achieve their desired risk-return profile independently from the firm's financing decisions.
To know more about leverage portfolio visit:
https://brainly.com/question/30881502
#SPJ11
Base on the data set,
What would be a car's MPG at average values of the inputs? (upto two decimal points)
Please show steps, I was unable to show the full dataset
The average values of the inputs using 1. Organize the data, the average values of the inputs, the relationship, the average input value.
Since you were unable to provide the full dataset, I cannot give you a specific answer. However, I can guide you through the steps on how to calculate a car's MPG (miles per gallon) at the average values of the inputs using the given data:
1. Organize the data: Make sure your data set contains information about each car's inputs (e.g., engine size, weight, fuel type) and their corresponding MPG values.
2. Calculate the average values of the inputs: Add up all the values for each input and divide by the total number of data points (cars) to find the average value for each input.
3. Determine the relationship: Analyze the data to find a relationship between the inputs and MPG. This can be done using methods like regression analysis or other statistical techniques.
4. Plug in the average input values: Using the relationship you found in step 3, plug in the average input values to find the estimated MPG for a car with those average values.
5. Round your result: Round your calculated MPG value to two decimal points as requested.
Please note that without the specific dataset and information about the inputs, I cannot provide an exact answer. However, I hope this helps guide you in the process of finding the desired value!
Learn more about average here
https://brainly.com/question/20118982
#SPJ11
The outputs of the Plan Risk Responses process include risk response plans, risk owners assigned, and:A. Residual rsiks.B. Probability of achieving cost objectives.C. Closed risks.D. Probability and impact matrix.
The outputs of the Plan Risk Responses process include risk response plans, risk owners assigned, and residual risks.
Residual risks are the risks that remain after risk responses have been implemented. These risks are monitored throughout the project or program to ensure that they do not become actual issues that threaten project success. The Plan Risk Responses process involves identifying appropriate risk response strategies, prioritizing risks for response, and developing risk response plans. By addressing risks in a proactive and systematic manner, the project team can increase the probability of project success and minimize the impact of risks that do occur.
Know more about residual risks here:
https://brainly.com/question/27754423
#SPJ11
Suppose two firms produce close substitutes such that reducing the price of one product reduces the quantity demanded of the other. If those two firms merge O A. they can earn higher profits by continuing to sell both products if the profit gained from increased sales of one product are greater than the lost profits from reduced sales of the other product. O B. they will be unable to earn higher profits because the two products will compete against each other. OC. they will raise prices on both products. O D. they will eliminate the less profitable product and sell only one
If two firms produce close substitutes and reducing the price of one product reduces the quantity demanded of the other, then if those two firms merge, they may be able to earn higher profits by continuing to sell both products if the profit gained from increased sales of one product are greater than the lost profits from reduced sales of the other product.
This would depend on the specifics of the market and the products in question. However, it is also possible that they may choose to eliminate the less profitable product and sell only one or raise prices on both products. Ultimately, the decision would depend on the firms' goals and the market conditions.
For more questions on: profits
https://brainly.com/question/1078746
#SPJ11
When money is used to set the value of goods such as cars, DVDs, and TVs, money is serving as a:a. medium of exchange.b. unit of account.c. store of wealth.d. unit of wealth.
When we use money to determine the worth of things like cars, DVDs, and TVs, we say that money is acting as a unit of account. Option B is correct.
This means that money is being used as a standard way to measure the value of different goods and services. It helps us compare how much things are worth by giving us a common language to use, in this case, money.
So, when we say that a TV costs $500, we know exactly what that means because we understand the value of that money. It's just one of the many ways that money helps us make sense of the world around us.
Therefore, option B is correct.
Learn more about money https://brainly.com/question/14253896
#SPJ11
swifty corporation recorded operating data for its cheap division for the year as follows sales $1400000 controllable margin 225000 total average assets 4500000 fixed costs 100000 swifty requires its return to be 10%. what is the roi for the year?
Based on the information provided, we can calculate the ROI (return on investment) for Swifty Corporation's cheap division for the year. Therefore, the ROI for Swifty Corporation's cheap division for the year is 2.78%.
ROI is calculated by dividing the controllable margin by the total average assets. Controllable margin is the amount of profit left over after deducting all variable costs that can be controlled by the division. Total average assets include all assets that were used by the division during the year. So, using the figures provided, we have:
Controllable margin = $225,000
Total average assets = $4,500,000
Fixed costs = $100,000
To calculate the ROI, we first need to calculate the division's income:
Income = Controllable margin - Fixed costs
Income = $225,000 - $100,000
Income = $125,000
Next, we can calculate the required return on investment:
Required return = Total average assets x Required rate of return
Required return = $4,500,000 x 10%
Required return = $450,000
Finally, we can calculate the ROI:
ROI = Income / Total average assets
ROI = $125,000 / $4,500,000
ROI = 0.0278 or 2.78%
Learn more about ROI (return on investment):
brainly.com/question/11913993
#SPJ11
which of the following may properly be reported as a component of net position in the proprietary fund statement of net position? group of answer choices contributed capital. retained earnings. designated equity. restricted net position.
Restricted net position may properly be reported as a component of net position in the proprietary fund statement of net position.
Restricted net position represents resources that are subject to external legal restrictions, such as grant agreements or other regulatory requirements. These restrictions limit the use of the resources for specific purposes, such as capital projects or debt service. Contributed capital, retained earnings, and designated equity are not appropriate components of the proprietary fund statement of net position.
Contributed capital and retained earnings are typically associated with for-profit entities, and are not relevant to governmental or nonprofit organizations. Designated equity is a term used in some nonprofit organizations to describe funds that have been set aside for specific purposes, but it is not a standard component of the proprietary fund statement of net position.
Learn more about earnings here:
https://brainly.com/question/30702029
#SPJ11
The IRR is the discount rate that: ___________
a. discounts all cash flows to their present value b. discounts all internal cash flows
c. treats all cash flows as internal d. sets NPV equal to 0
The Internal Rate of Return (IRR) is the discount rate that sets Net Present Value (NPV) equal to 0. The correct option is d. Sets Net Present Value (NPV) equal to 0.
To explain this further, IRR is a financial metric used to evaluate the profitability of an investment. It represents the discount rate at which the NPV of an investment's future cash flows becomes zero. In other words, it is the break-even point where the present value of cash inflows equals the present value of cash outflows.
When comparing investment options, a project with a higher IRR is generally considered more profitable and a better investment choice. To calculate IRR, you need to find the discount rate that results in an NPV of zero by using a trial-and-error approach or a mathematical formula.
In summary, the IRR is the discount rate that sets the NPV of an investment equal to zero, and it's a useful tool to evaluate and compare the profitability of different investment opportunities. The correct option is d. Sets Net Present Value (NPV) equal to 0.
For more about Internal Rate of Return:
https://brainly.com/question/13016230
#SPJ11
pa1. lo 8.1 the comptroller wants to set the standards according to a study done by a consulting firm for a company. the consulting firm used the following assumptions: the machines never break down. workers never take a break. the material used is perfect. the material arrives on time. no one takes a day off. workers are well trained. workers do not make defective units. what kinds of standards are these? will the workers be motivated to achieve these standards?
Setting ideal standards is not a practical approach. It is essential to set realistic goals that promote productivity and encourage workers to achieve their targets. This can only be achieved by taking into consideration external factors that may affect the production process.
The standards set by the comptroller based on the assumptions made by the consulting firm are ideal standards. These standards assume that everything will work perfectly without any hindrances, which is not practically possible. Ideal standards are set based on perfect conditions without taking into consideration any external factors that may affect the production process.
It is highly unlikely that workers will be motivated to achieve these standards as they are unattainable. When workers are given standards that are too high, they may feel discouraged and demotivated. Workers need to have a realistic goal to strive towards, which gives them a sense of purpose and direction. When standards are set too high, they may feel that their efforts are futile, leading to a decrease in motivation levels.
It is essential to set achievable standards that are challenging yet attainable. This gives workers a sense of accomplishment when they reach their targets. Setting realistic goals also promotes teamwork and encourages workers to collaborate to achieve common goals.
Learn More about realistic goals here :-
https://brainly.com/question/30280017
#SPJ11
shani's frozen treats is one of 15 ice cream shops on the boardwalk. if shani sells ice cream for $5 and sells 100 per day, how much economic profit will she earn in the long run?
Therefore, Shani's economic profit in the long run would be $100 per day.
To calculate Shani's economic profit, we need to consider her total revenue and total costs.
Total revenue = price per ice cream x number of ice creams sold per day = $5 x 100 = $500
Total costs include both explicit costs (such as the cost of ingredients, rent, utilities, etc.) and implicit costs (such as the opportunity cost of Shani's time and any other resources she could have used elsewhere).
Since we don't have information on Shani's explicit costs, let's assume that her total costs per day (including both explicit and implicit costs) are $400.
Economic profit = total revenue - total costs = $500 - $400 = $100
To learn more about revenue visit;
https://brainly.com/question/31683012
#SPJ11
Suppose you deposit $10,000 into an account earning 3.5% interest compounded quarterly. After n quarters the balance in the account, we have this formula: 10000 ( 1 + 0,03/4)^n. a) Each quarter can be viewed as a term of a sequence. List the first 5 terms. b) Identify the type of sequence this is. Explain c) Find the balance in the account after 30 quarters.
This is a geometric sequence. To find the balance in the account after 30 quarters, we can substitute n = 30 in the formula and simplify to get a balance of $16,249.36.
a) The first 5 terms of the sequence are 10,881.44, 11,772.69, 12,719.02, 13,724.19, 14,792.54.
b) This is a geometric sequence with a common ratio of 1.0075.
c) The balance in the account after 30 quarters is $16,249.36.
To find the first 5 terms of the sequence, we can substitute n = 1, 2, 3, 4, and 5 in the formula 10000(1+0.03/4)^n, which gives us 10,881.44, 11,772.69, 12,719.02, 13,724.19, and 14,792.54, respectively. The common ratio between any two consecutive terms in this sequence is (1+0.03/4), which is approximately 1.0075.
Therefore, this is a geometric sequence. To find the balance in the account after 30 quarters, we can substitute n = 30 in the formula and simplify to get a balance of $16,249.36.
To know more about geometric sequence refer here:
https://brainly.com/question/22584854#
#SPJ11
Buyers, sellers, investors, and community residents are all considered ________ in a company.A) stakeholders
B) shareholders
C) consumers
D) value chain members
E) social marketers
Buyers, sellers, investors, and community residents are all considered stakeholders in a company. Option A is correct.
A stakeholder is any individual or group that has an interest or concern in a company's operations, products, or services. This can include shareholders, customers, employees, suppliers, regulators, and the broader community in which the company operates.
Stakeholders can have different expectations, needs, and priorities, and companies must balance these different interests to create value and maintain their social license to operate. Effective stakeholder management is crucial for a company's long-term success, as it can help build trust, enhance reputation, and reduce risks and conflicts.
Therefore, option A is correct.
Learn more about buyers https://brainly.com/question/31050791
#SPJ11
True/False. if a firm's roe is equal to 9% and its roa is equal to 6%, its equity multiplier must be 1.5.
The statement is true because the equity multiplier is calculated as the ratio of total assets to shareholder's equity, and we can use the ROA/ROE ratio to calculate the equity multiplier.
ROA is calculated by dividing net income by total assets and measures how efficiently a company uses its assets to generate profits. ROE, on the other hand, measures a company's profitability by dividing net income by shareholder's equity and shows how much profit a company generates with the money shareholders have invested.
The equity multiplier formula using the ROA/ROE ratio is:
Equity Multiplier = ROE / ROA
Given that the firm's ROE is 9% and ROA is 6%, we can calculate the equity multiplier as:
Equity Multiplier = ROE / ROA = 9% / 6% = 1.5
Learn more about equity multiplier https://brainly.com/question/30636971
#SPJ11
acquiring corp agrees to buy 100% of the outstanding shares of target corp in a share-for-share exchange. how would acquiring corp determine how many new shares of its stock it would have to issue?
The acquiring corporation would need to issue 500 new shares to complete the share-for-share exchange.
To determine how many new shares the acquiring corporation would need to issue, follow these steps:
1. Determine the total value of the outstanding shares of the target corporation. This can be done by multiplying the number of outstanding shares by the current market price per share.
2. Determine the current market price per share of the acquiring corporation.
3. Divide the total value of the target corporation's outstanding shares (step 1) by the market price per share of the acquiring corporation (step 2). The result will be the number of new shares the acquiring corporation needs to issue in the share-for-share exchange.
For example, if Target Corp has 1,000 outstanding shares valued at $10 per share, and Acquiring Corp's shares are valued at $20 per share:
1. Total value of Target Corp's outstanding shares: 1,000 shares * $10 = $10,000
2. Acquiring Corp's share price: $20
3. Number of new shares Acquiring Corp needs to issue: $10,000 / $20 = 500 shares
In this example, the acquiring corporation would need to issue 500 new shares to complete the share-for-share exchange.
to learn more about market price click here:
brainly.com/question/30671782
#SPJ11
which of the following is true of scrum? its work periods are usually three months or longer. it produces error free systems. it does not adapt to change easily. it is generic enough to be used for the development of business processes, information systems, and applications. it was developed to overcome the problems that occur when using the business process modeling notation (bpmn).
The statement that is true of Scrum among the given options is: "It is generic enough to be used for the development of business processes, information systems, and applications." Scrum is a flexible and adaptable framework that can be applied to various projects and industries, making it suitable for diverse development needs.
The statement that is true of Scrum is that it is generic enough to be used for the development of business processes, information systems, and applications. Scrum is an agile project management framework that emphasizes collaboration, iterative development, and continuous improvement. It does not have a fixed work period, but rather operates in time-boxed iterations called sprints, which can vary in length from one to four weeks. While Scrum aims to produce high-quality systems, it does not guarantee error-free systems, and it is designed to adapt to change easily. Finally, Scrum was not developed to overcome problems with BPMN, but rather to address the challenges of software development in complex environments.
Learn More about framework here :-
https://brainly.com/question/25687645
#SPJ11
A builder needs to rent a dump truck for a day for $35 plus $0.45 per mile. find the cost function. (let x be the number of miles.)
The cost function for renting a dump truck for a day can be expressed as C(x) = 35 + 0.45x, where x is the number of miles driven. The function allows us to calculate the total cost of renting the truck based on the number of miles driven.
To find the cost function, we can start by identifying the fixed cost and variable cost components of the rental fee. In this case, the fixed cost is $35, which is the amount that the builder would pay even if they don't use the truck at all.
The variable cost is $0.45 per mile, which means that for every mile the builder drives the truck, they would incur an additional cost of $0.45. Using this information, we can express the cost function C(x) as:
C(x) = 35 + 0.45x
where x is the number of miles driven.
For example, if the builder drives the truck for 50 miles, the total cost would be:
C(50) = 35 + 0.45(50) = 35 + 22.50 = $57.50
Similarly, if the builder drives the truck for 100 miles, the total cost would be:
C(100) = 35 + 0.45(100) = 35 + 45 = $80
In summary, the cost function for renting a dump truck for a day can be expressed as C(x) = 35 + 0.45x, where x is the number of miles driven. The function allows us to calculate the total cost of renting the truck based on the number of miles driven.
To know more about cost function refer here:
https://brainly.com/question/31385203#
#SPJ11
which is not a required term in a contract group of answer choices parties price subject matter none of the above: they are all required
As for the statement "An illusory contract is a valid contract," the answer is False. An illusory contract is an agreement that appears to be legally binding, but in reality, one party does not truly commit to any obligations or responsibilities.
1. Regarding which term is not required in a contract, the correct answer is D. None of the above, the ae all required
In a valid contract, all three terms - parties (a), price (b), and subject matter (c) - are essential components. Parties refer to the individuals or entities entering into the agreement, price is the agreed-upon compensation for the goods or services exchanged, and subject matter refers to the specific goods or services being provided.
2. As for the statement "An illusory contract is a valid contract," the answer is False. An illusory contract is an agreement that appears to be legally binding, but in reality, one party does not truly commit to any obligations or responsibilities. This lack of commitment renders the contract unenforceable, making it invalid.
To know more about valid contract, refer here:
https://brainly.com/question/12660951#
#SPJ11
Complete question:
1. WHICH IS NOT A REQUIRED TERM IN A CONTRACT:
a. PARTIES
b. PRICE
c. SUBJECT MATTER
d. NONE OF THE ABOVE: THEY ARE ALL REQUIRED
2. AN ILLUSORY CONTRACT IS A VALID CONTRACT:
True
False
A company has 2,200 employees, on average, and it recruits, on average, 300 employees per year. (Round intermediate calculations and your final answer to 4 decimal places.) What is the average tenure of an employee? ____ years
The average tenure of an employee in the company is 6.6667 years.
To calculate the average tenure of an employee, we need to divide the total number of employee-years worked by the total number of employees. The total number of employee-years worked can be calculated by multiplying the average number of employees by the average tenure, which is the unknown variable we are trying to find.
Let T be the average tenure of an employee.
Total number of employee-years worked = Average number of employees x Average tenure
= 2,200 x T
The total number of employee-years worked can also be calculated by adding up the tenure of all employees. Assuming all employees have an equal tenure, the total tenure of all employees would be the product of the number of employees and their tenure.
Total number of employee-years worked = Total number of employees x Average tenure
= (2,200 + 300) x T // Since 300 employees are recruited per year
= 2,500T
Equating the two expressions for the total number of employee-years worked, we get:
2,200T = 2,500T
T = 2,200/300 ≈ 6.6667 years.
To know more about average tenure, refer here:
https://brainly.com/question/31420499#
#SPJ11
According to the AIDA concept, the first step an advertiser must take is to gain the consumers': a. attention. b. attitude alignment. c. action.
According to the AIDA concept, the first step an advertiser must take is to gain the consumers': a. attention.
How deoes the AIDA conceptwork?The concept of AIDA specifies that the foremost duty of any advertiser is to procure the consumer's notice.
This acronym, which stands for Attention, Interest, Desire, and Action, is in essence a marketing communicative mock-up depicting the stages a patron goes through when aiming to take action through acquisition.
Getting attention is the opening move, signifying the advertisement's capability of summoning the customer's eye and manufacturing recognition of the product or service being proposed. Lacking success in gaining attentiveness, the upcoming parts of the process (Interest, Desire, and finally Action) cannot be fulfilled.
Read more on AIDA here:https://brainly.com/question/29993419
#SPJ1
bob signs a six-month apartment lease agreement with john. what kind of lease is this?
This is a type of short-term lease agreement as it lasts for only six months.
Short-term leases are generally considered to be those that are for less than a year, whereas long-term leases are typically for a year or more.
However, it's worth noting that some landlords may have different definitions of what constitutes a short-term lease versus a long-term lease.
Additionally, the terms of a lease agreement can vary widely depending on the specific language used in the agreement, so it's important to carefully review all aspects of the lease before signing.
Know more about the short-term lease here:
https://brainly.com/question/31503549
#SPJ11
What are the implications of deviations from purchasing power parity for countries’ competitive positions in the world markets?
Deviations from purchasing power parity affect country's competitiveness in world markets. Overvalued currency harms competitiveness while undervalued currency creates short-term opportunities for competitive advantages.
Purchasing power parity (PPP) is an economic concept that suggests that exchange rates should adjust so that a given basket of goods costs the same in different countries.
In other words, purchasing power parity assumes that the exchange rate between two currencies should reflect the relative price levels of the two countries.
When there are deviations from PPP, meaning that exchange rates do not reflect the relative price levels of the countries, this can have implications for their competitive positions in the world markets.
If a country's currency is overvalued relative to its PPP value, its exports become more expensive, making it less competitive in the global market. Conversely, an undervalued currency makes a country's exports cheaper, which can improve its competitive position.
However, deviations from PPP can also create short-term opportunities for countries to gain a competitive advantage in specific sectors. For example, if a country's currency is undervalued, it may be able to attract foreign investment and expand its exports in certain industries.
In summary, deviations from purchasing power parity can affect a country's competitive position in the world markets by making its exports more or less expensive.
While an overvalued currency can hurt a country's competitiveness, an undervalued currency can create short-term opportunities for gaining a competitive advantage in specific sectors.
To know more about purchasing power parity refer here:
https://brainly.com/question/28199500#
#SPJ11
maya is buying a house for $130,000 . she plans to make a 18% down payment. closing costs include $550 for 6 months of homeowners insurance, $850 for 6 months of property tax, $125 for the title fee, and $400 in transaction fees. maya also agreed to pay two points in exchange for a 0.5% reduction in interest rate. determine the amount of money maya needs to cover closing costs. round your answer to the nearest cent.
The total closing costs would be $4,525 ($550 + $850 + $125 + $400 + $2,600).
Maya will need to have this amount of money available at the time of closing, in addition to her down payment.
To determine the amount of money Maya needs to cover closing costs, we need to add up all the expenses involved in the transaction.
First, let's calculate the down payment. 18% of $130,000 is $23,400.
Next, let's add up the closing costs:
- Homeowners insurance: $550
- Property tax: $850
- Title fee: $125
- Transaction fees: $400
- Points: 2% of $130,000 = $2,600
So the total closing costs would be $4,525 ($550 + $850 + $125 + $400 + $2,600).
Maya will need to have this amount of money available at the time of closing, in addition to her down payment. It's important for buyers to budget for closing costs and have the funds available, as they can add up quickly and significantly impact the amount of money needed to complete a home purchase.
It's also worth noting that some closing costs may be negotiable with the seller or lender, so it's always a good idea to ask for clarification on any fees that seem excessive or unclear.
A real estate agent or mortgage lender can provide guidance on what to expect and how to best prepare for closing costs.
For more such questions on down payment
https://brainly.com/question/1698287
#SPJ11
a stagflation can turn into a cost-push inflation process when _______.
A stagflation can turn into a cost-push inflation process when production costs increase, leading to a decrease in aggregate supply.
Stagflation occurs when an economy experiences both high inflation and high unemployment simultaneously. This economic situation is characterized by stagnant growth, high prices, and lack of job opportunities. Cost-push inflation occurs when the overall price level increases due to an increase in production costs. This can be caused by various factors, such as rising wages, higher raw material prices, or increased taxes.
When production costs increase during a period of stagflation, it leads to a decrease in aggregate supply, meaning that businesses produce less goods and services. As aggregate supply decreases, the overall price level rises due to the imbalance between supply and demand. The rising prices lead to an increase in inflation, thus turning the stagflation into a cost-push inflation process.
In summary, a stagflation can turn into a cost-push inflation process when production costs increase, leading to a decrease in aggregate supply, which in turn causes the overall price level to rise.
Learn more about Stagflation:
https://brainly.com/question/23113698
#SPJ11
11. an investor writes a december put option with a strike price of $30. the price of the option is $4. under what circumstances does the investor make a gain?
If the price falls below $26, the investor will start to incur losses, and if the price falls below $30, the investor will have to buy the asset at $30, resulting in a loss.
The investor will make a gain if the price of the underlying asset, which the option is based on, stays above $30 by the expiration date of the option. If the price of the asset falls below $30, the holder of the option has the right to sell the asset to the investor at the strike price of $30. In this scenario, the investor would incur a loss because they would have to purchase the asset at $30 and sell it for less than that.
To calculate the breakeven point, the strike price of $30 should be subtracted from the option price of $4, resulting in a breakeven point of $26. If the price of the underlying asset falls below $26, the investor will start to incur losses. If the price of the asset stays above $26, but below $30, the investor will still make a gain but it will be less than the $4 premium received for writing the option.
In summary, the investor makes a gain if the price of the underlying asset stays above $30 by the expiration date of the option. If the price falls below $26, the investor will start to incur losses, and if the price falls below $30, the investor will have to buy the asset at $30, resulting in a loss.
Learn more about asset here
https://brainly.com/question/30468228
#SPJ11