The author who advanced the idea that workers were the ones who created value through their labor, and that business owners used their power to take away most of the value that workers produced was Karl Marx.
Marx was a German philosopher, economist, and political theorist who lived in the 19th century. He is best known for his ideas about capitalism and the class struggle between the owners of capital and the working class.
According to Marx, the value of a commodity is determined by the amount of labor that went into producing it. However, in a capitalist society, the owners of the means of production (e.g. factories, machines, etc.) extract surplus value from workers by paying them less than the value they create through their labor. This surplus value is then appropriated by the owners as profit, which further enriches them and perpetuates the exploitation of workers.
Marx believed that this exploitation was an inherent feature of capitalism and that it could only be overcome through the establishment of a socialist system in which the means of production were owned collectively by the workers themselves. Marx's ideas about the exploitation of workers continue to influence political and economic thought to this day.
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when price functions as a signal, it group of answer choices inspires buyers and sellers to change behavior. aggregates information on the market in one measure. strengthens a buyer's or seller's position in the market. creates a line of communication between buyers and sellers.
Price serves as a signal to both buyers and sellers in the market. As a result, it inspires buyers and sellers to alter their conduct. The correct answer is A.
It provides information on the market in a single measure, allowing buyers and sellers to determine market trends, strengths, and weaknesses. Additionally, it strengthens a buyer's or seller's position in the market by revealing market conditions that may benefit them. Therefore, price is an important element of communication between buyers and sellers. It assists them in deciding whether to purchase or sell a product. Buyers may seek to purchase goods at a lower price, while sellers may wish to sell at a higher price. The market's demand and supply forces are also reflected in the price. Buyers and sellers must react quickly and change their behavior to the prevailing market conditions. Buyers and sellers must remain aware of current market trends and conditions, and the price provides a quick snapshot of this information.
Price aggregation provides a general sense of how the market is doing. It aids in the aggregation of data on the market and determining market trends. The price serves as a benchmark, providing market participants with an idea of how well their investment or product is performing relative to others. This provides valuable information to buyers and sellers, allowing them to make informed decisions on when to enter or exit the market.Price establishes a line of communication between buyers and sellers, which is essential for market efficiency. It assists in the development of a pricing strategy for both buyers and sellers. Buyers and sellers will communicate through the price, agreeing on a price that benefits both parties. This enables a buyer to obtain goods and a seller to obtain a fair price for their goods. This contributes to market efficiency and serves as a foundation for establishing long-term business relationships between buyers and sellers.
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the (isc)2 cissp-issep concentrationfocuses on the knowledge area including systems lifecycle management, threat intelligence and incident managements. a. true b. false
True. The (ISC)2 Certified Information Systems Security Professional (CISSP-ISSMP) Concentration focuses on the knowledge areas of systems lifecycle management, threat intelligence and incident management.
Systems lifecycle management deals with the development and maintenance of systems, identifying the tasks and processes necessary to build and operate systems, and determining the resources needed to complete the tasks. Threat intelligence and incident management are important areas for organizations to understand and use to protect their valuable assets.
Threat intelligence focuses on understanding the threats faced by organizations and how to mitigate them. Incident management focuses on responding quickly and effectively to security incidents and taking the necessary steps to prevent similar incidents from occurring in the future. Overall, these knowledge areas are important for organizations to understand in order to keep their systems secure.
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how can a monopolist identify the profit-maximizing level of output if it knows its marginal revenue and marginal costs?
A monopolist can identify the profit-maximizing level of output by comparing its marginal revenue and marginal costs.
Marginal revenue is the additional revenue obtained from selling one more unit of output, while marginal cost is the additional cost incurred from producing one more unit of output. The monopolist will determine the profit-maximizing level of output when marginal revenue equals marginal cost.
To illustrate, let's say a monopolist is selling a product and its marginal revenue and marginal cost curves look like this:
At output level 1, marginal cost is $10 and marginal revenue is $15. At output level 2, marginal cost is $20 and marginal revenue is $10. Here, the monopolist will want to increase output until marginal cost equals marginal revenue, which occurs at output level 3. At this point, the marginal cost is $30 and the marginal revenue is $30. This is the profit-maximizing level of output for the monopolist, as any further increase in output will lead to a decrease in profit.
Therefore, the monopolist can identify the profit-maximizing level of output by comparing its marginal revenue and marginal cost curves.
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1. are the processes of conducting risk management planning, identification, analysis, response planning, and monitoring and control on a project. a) project risk management b) project risk response c) project risk planning d) project risk analysis e) project risk control
The processes of conducting risk management planning, identification, analysis, response planning, and monitoring and control on a project are known as project risk management.
Project risk management involves identifying, analyzing, and responding to potential risks in order to minimize their impact and ensure project success. Project risk analysis is the process of identifying potential project risks and evaluating their potential impact on project outcomes.
This involves identifying possible risk events, assessing their probability of occurring, and estimating their potential impact on the project.
By conducting project risk analysis, project managers can develop strategies to minimize the impact of risks on the project and ensure project success. Project risk planning involves developing a plan for managing project risks.
This involves identifying potential risks, assessing their probability of occurring and impact on the project, and developing strategies to minimize their impact. Project risk response involves developing and implementing strategies to manage identified project risks.
This involves selecting the most appropriate strategy for each risk, such as avoiding the risk, transferring the risk, or mitigating the risk. Project risk control involves monitoring and controlling the identified risks to ensure they are managed effectively.
This involves tracking the progress of risk management activities, evaluating the effectiveness of risk management strategies, and making adjustments as necessary to ensure project success.
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33) acme medical, an american medical device company, opened a number of manufacturing units in a developing country. it employed people from the host country to work in the new units. this move radically lowered the poverty rate in the developing country. in this scenario, acme is
In the given scenario, Acme Medical, an American medical device company, is engaging in foreign direct investment (FDI).
In the given scenario, Acme Medical, an American medical device company, opened a number of manufacturing units in a developing country. It employed people from the host country to work in the new units. This move radically lowered the poverty rate in the developing country. In this scenario, Acme is engaging in foreign direct investment (FDI).Foreign direct investment (FDI) is a kind of international investment that involves setting up operations or buying a business in a foreign country.
Companies that engage in FDI create jobs in the host country, provide skills and technology transfer, improve infrastructure, and boost the economy of the host country. FDI can help to reduce poverty in the developing world by creating jobs and boosting local economies. FDI can lead to higher wages and a better standard of living for workers in developing countries. In conclusion, Acme Medical is engaging in foreign direct investment (FDI) by opening a number of manufacturing units in a developing country, which has significantly reduced poverty in the developing country.
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ingrum framing's cost formula for its supplies cost is $1,020 per month plus $12 per frame. for the month of june, the company planned for activity of 612 frames, but the actual level of activity was 602 frames. the actual supplies cost for the month was $8,100. the spending variance for supplies cost in june would be closest to:
To find the spending variance for supplies cost in June, we can use the formula:
Spending variance = Actual cost - Expected costExpected cost = Fixed cost + (Variable rate × Actual level of activity)Given data:
Fixed cost = $1,020Variable rate = $12Expected level of activity = 612Actual level of activity = 602Actual cost = $8,100Using the above data, we can calculate the expected cost as follows:
Expected cost = $1,020 + ($12 × 602)Expected cost = $8,244So, the spending variance can be calculated as:
Spending variance = Actual cost - Expected costSpending variance = $8,100 - $8,244Spending variance = -$144The spending variance for supplies cost in June is -$144.
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moana is a single taxpayer who operates a sole proprietorship. she expects her taxable income next year to be $250,000, of which $200,000 is attributed to her sole proprietorship. moana is contemplating incorporating her sole proprietorship. using the single individual tax brackets and the corporate tax rate in tax rates at the end of the book, find out how much current tax this strategy could save moana (ignore any social security, medicare, or selfemployment tax issues). how much income should be left in the corporation?
Moana should leave some of her income in the corporation, as opposed to taking it out and including it in her personal income tax return. For example, if she keeps $50,000 of her income in the corporation, she will pay 21% in taxes on that amount and 24% on the remaining $150,000.
This strategy would save her money since the taxes would be calculated at the lower 21% corporate rate. Moana, a single taxpayer who operates a sole proprietorship, is considering incorporating her sole proprietorship to save on taxes.
This strategy could potentially save her money, depending on her taxable income for the upcoming year. If she expects her taxable income next year to be $250,000, of which $200,000 is attributed to her sole proprietorship, then the total amount of taxes she will pay will be based on her individual tax brackets.
According to the 2020 tax rate tables in the back of the book, if Moana earns $200,000 or less, she will be in the 24% tax bracket. However, if Moana incorporates her sole proprietorship, the corporate tax rate is only 21%. This means that she would save 3% on her total taxable income.
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concord corporation employs a 5-day workweek and a september 30 year-end. normal weekly wages amount to $41760. if september 30 ends on a wednesday, what is the appropriate journal entry at fiscal year-end? select answer from the options below salaries and wages expense $41760 salaries andwages payable $41760 salaries and wages expense $25056 cash $25056 salaries and expense $8352 salaries and wages payable $8352 salaries and wages expense $25056 salaries and wages payable $25056
The appropriate journal entry at fiscal year-end would be as follows:
Option A: Salaries and wages expense $41760, salaries and wages payable $41760.
What is a journal entry?A journal entry is an accounting process that records a transaction that occurs within a company's accounting system. The entry consists of two aspects: a debit entry and a credit entry.
What are the steps to record a journal entry?Here are the steps to record a journal entry:
Identify the transaction and determine which accounts will be impacted.Use the proper notation for the debit and credit parts of the entry.Assign dollar amounts to both the debit and credit accounts.Write a brief narrative or explanation of the transaction.Compute the balance for each account included in the journal entry.Verify the accuracy of the journal entry.The option that best represents the appropriate journal entry at fiscal year-end for Concord Corporation is A: Salaries and wages expense $41760, salaries and wages payable $41760.
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if the liabilities of a business increased $87,000 during a period of time and equity in the business decreased $36,000 during the same period, the assets of the business must have: multiple choice increased $36,000. increased $51,000. decreased $51,000. increased $123,000. decreased $123,000.
The liabilities of a business increased by $87,000 during a period of time, and equity in the business decreased by $36,000 during the same period. Therefore, the assets of the business must have increased by $51,000. The correct option is B.
What is a liability?A liability is a company's legal debt or obligation, resulting from past transactions or events, that the company will be required to pay back in the future. Liabilities are usually divided into two categories: current liabilities and long-term liabilities.
Current liabilities are obligations that will be due within one year, while long-term liabilities are obligations that will be due after one year has passed. Accounts payable, salaries payable, and accrued expenses are all examples of current liabilities.
Debt and equity are two of the most common forms of liability. Debt refers to a company's legal obligation to pay back funds that it has borrowed, while equity refers to the ownership interests held by shareholders in the company's stock.
In any case, liabilities represent a company's financial obligations that must be met in the future, either through the payment of cash or through the provision of goods or services.
Therefore, the correct option is B.
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which of the following statements is true of inditex's supply chain? question 16 options: it can deliver most goods in 24 hours in europe and the united states. it can be viewed as a push system. it is efficient rather than responsive. it avoids proximity sourcing as its products are expensive.
The statement that is true of Inditex's supply chain is that it can deliver most goods in 24 hours in Europe and the United States.
What is Inditex?Inditex is a Spanish multinational clothing company. The company is headquartered in Arteixo, Spain, and has more than 7,000 stores across the world. Inditex is the world's largest fashion retailer. The company's success is due to its efficient supply chain management.
Inditex's supply chain management involves manufacturing and distributing its products to its retail stores in a matter of days. It has a unique business model that enables it to respond to customer demand quickly. Inditex's supply chain management is called a pull system.
It is a supply chain model where products are made based on customer demand. This system allows the company to reduce its inventory and improve its operational efficiency. Inditex's supply chain management is also efficient and responsive.
The company uses proximity sourcing, which means it sources its products from nearby countries to reduce its lead time and transportation costs. In conclusion, the statement that is true of Inditex's supply chain is that it can deliver most goods in 24 hours in Europe and the United States.
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problem sets total questions 14 824 submit a jacket potato vendor charges $5.30 per potato sold. the variable cost of each potato served is $1.00. the stall has a fixed cost of $400 per week. a potato shortage results in an increased variable cost per potato of $.40, but selling prices remained unchanged. how many additional potatoes will the vendor have to sell to still achieve the profit objective of $750 per week?
the vendor needs to sell an additional 759 potatoes to achieve the profit objective of $750 per week under the new conditions.
To determine the number of additional potatoes the vendor needs to sell to achieve a profit of $750 per week, we need to first calculate the contribution margin per potato.
Contribution margin = selling price per potato - variable cost per potato
Contribution margin = $5.30 - $1.00
Contribution margin = $4.30
With the current conditions, the contribution margin is $4.30 per potato.
Next, we need to determine the breakeven point for the current and new conditions.
Breakeven point = fixed costs ÷ contribution margin
For the current conditions:
Breakeven point = $400 ÷ $4.30
Breakeven point = 93 potatoes
So, the vendor needs to sell at least 93 potatoes per week to break even under the current conditions.
For the new conditions:
Variable cost per potato = $1.00 + $0.40 = $1.40
Contribution margin = selling price per potato - variable cost per potato
Contribution margin = $5.30 - $1.40
Contribution margin = $3.90
Breakeven point = $400 ÷ $3.90
Breakeven point = 102 potatoes
Therefore, the vendor needs to sell at least 102 potatoes per week under the new conditions to break even.
To achieve a profit of $750 per week, the vendor needs to sell:
(Number of potatoes needed to break even + Profit objective) - Number of potatoes sold under current conditions
(102 + 750) - Number of potatoes sold under current conditions
852 - Number of potatoes sold under current conditions
So, the vendor needs to sell an additional:
852 - 93 = 759 potatoes
Therefore, the vendor needs to sell an additional 759 potatoes to achieve the profit objective of $750 per week under the new conditions.
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20. if the interest rate on the bond is 5%, the unemployment rate is 10%, the interest payment or coupon on the bond is $400, the inflation rate is 4%, choose the correct numbers and plug them into the formula for the bond interest rate that you wrote in (19). you may abbreviate the variables in the answer to
Answer:
The formula for bond interest rate is given by: i = r + π + (r × π) − u Where, i = bond interest rate, r = interest payment or coupon on the bond, π = inflation rate, and u = unemployment rate Given, r = $400, π = 4%, and u = 10%Substitute the given values in the formula to get: i = r + π + (r × π) − ui = $400 + 4% + ($400 × 4%) − 10%i = $400 + $16 + $16 − 10%i = $432 − 10%i = 4.72%
Therefore, the bond interest rate is 4.72%.
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your retirement fund consists of a $7,000 investment in each of 12 different common stocks. the portfolio's beta is 1.20. suppose you sell one of the stocks with a beta of 0.8 for $7,000 and use the proceeds to buy another stock whose beta is 1.6. calculate your portfolio's new beta. do not round intermediate calculations. round your answer to two decimal places.
The portfolio's new beta is 15.20. A retirement fund is a type of financial account used by people to invest and save money for their later years. When a person retires and is no longer receiving a regular income from work, a retirement fund serves as a source of income.
We must apply the following formula to determine the new beta of the portfolio:
(Current Total Beta) - (Beta of Stock Sold) + (Beta of Stock Purchased) = (New Beta)
Let's first determine the portfolio's current overall beta:
Current Overall Beta equals 1.20 times 12 stocks, or 14.40.
After that, we must add the beta of the stock that was purchased (1.6) to the beta of the stock that was sold (0.8):
(14.40 - (0.8) + (1.6)) = New Beta = 15.20
As a result, the portfolio's new beta is 15.20.
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manufactured inventory that has begun the production process but is not yet completed is
a. Work in process
b. Raw maerials
c. Merchandise inventory
d. Finished goods
a.) Work in process inventory in the production process raw materials: used in production merchandise inventory held for resale finished goods: completed products ready for sale.
A sort of inventory called "work in process" indicates the worth of goods that are presently being produced. It contains goods that are still being put together, processed materials, and materials that are waiting to be processed. It is crucial to keep track of this inventory because it sheds light on production efficiency and identifies areas where organizations may make improvements. Although retail inventory refers to items retained for resale, raw materials are the components required to make the completed product. The final items that have finished the production process and are offered for sale are known as finished goods. For the efficient and successful management of a manufacturing organization, it is essential to comprehend the differences between various inventory kinds.
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if a firm produces nothing, it still incurs its fixed costs. true/false
True. Even if a firm generates nothing, its fixed costs must still be paid. A corporation has fixed costs even if it doesn't produce anything.
Even if a firm doesn't create anything, it still has fixed expenses. The term "fixed costs" refers to expenses like rent, salary, and insurance that do not change depending on the volume of output. Regardless of whether the company creates any product, these costs must be paid. Hence, the company must still cover its fixed costs even if it produces nothing. Raw materials and labour, on the other hand, are only incurred when the business creates output. As a result, the company does not have variable costs if it does not create anything.
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what is the present value of $12,950 to be received 3 years from today if the discount rate is 5 percent?
Present Value = Future Value / (1+r)^n
Where:
Future Value = $12,950
r = 5%
n = 3 years
Therefore:
Present Value = $12,950 / (1+0.05)^3
Present Value = $12,950 / 1.157625
Present Value = $11,173.35
The present value of $12,950 to be received 3 years from today if the discount rate is 5 percent is $11,230.35.
The present value is a monetary value at a given moment in time, equivalent to a given sum of money that is expected to be received or paid in the future, discounted to reflect the time value of money.The formula to calculate Present Value= Future Value/(1+r)nWhere,FV= Future valuePV= Present value r= Rate of interestn= Number of yearsTime Value of MoneyThe time value of money concept says that an amount of money in the present is worth more than the same amount in the future. This is because money today can be invested to earn additional money over time. Also, the future value of money is uncertain due to factors such as inflation, market volatility, and changes in interest rates.
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if the government levies a $500 tax per car on sellers of cars, then the price paid by buyers of cars would do what?
If the government levies a $500 tax per car on sellers of cars, then the price paid by buyers of cars would increase.
What is a tax?A tax is a financial obligation or a duty imposed by the government on people's personal income or commercial activities. The government collects these levies to support its expenses and to promote economic growth.A $500 tax per car on sellers of cars means that the cost of production and sales of a car would increase.
If the tax is collected from the seller of the car, then the price paid by the buyers of cars would increase by the same amount.The cost of producing cars would rise as a result of this tax. The producers would be obliged to pay this amount of money to the government, thus increasing their cost. To cover the additional cost, the sellers will raise the price of their vehicles. As a result, the buyers of cars would pay a higher price for the cars.
Taxing is an important fiscal policy tool for the government to manage the economy. Taxation is utilized to reduce inflation, encourage savings, and stabilize the economy during economic downturns. However, taxes must be carefully designed and implemented so that they do not harm the economy.
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you estimate that a project will cost $33,700 and will provide cash inflows of $14,800 in year 1 and $24,600 in year 3. what is the pi if the discount rate is 14.2%?
The profitability index (PI) is a metric that assesses a venture's investment potential by dividing the present value of future cash inflows by the initial investment.
It is also known as the Profit Investment Ratio (PIR). The PI helps investors choose the most profitable investments to pursue. The present value of the cash inflows subtracted from the initial investment in the project will be the numerator of the PI calculation.
The present value of future cash inflows is calculated by reducing the cash inflows by the discount rate.To determine the PI of a project, we need to follow these steps:
Step 1: Calculate the present value of cash inflows for each year.
Cash inflow in Year 1 = $14,800
Cash inflow in Year 3 = $24,600
Discount rate = 14.2%
The formula for calculating the present value of cash inflows for Year 1 = Cash inflow/(1+discount rate)1
Present value of cash inflows in Year 1 = $14,800/(1+0.142)1 = $12,933.05
Similarly, the formula for calculating the present value of cash inflows for Year 3 = Cash inflow/(1+discount rate)3
Present value of cash inflows in Year 3 = $24,600/(1+0.142)3 = $17,901.91
Step 2: Add the present value of cash inflows in Year 1 and Year 3.Present value of cash inflows = Present value of cash inflows in Year 1 + Present value of cash inflows in Year 3
Present value of cash inflows = $12,933.05 + $17,901.91 = $30,834.96
Step 3: Calculate the Profitability Index (PI) by dividing the present value of cash inflows by the initial investment.
Present value of cash inflows / Initial investment
Profitability Index (PI) = $30,834.96 / $33,700 = 0.9157The PI value is 0.9157, indicating that the project's returns are almost equal to its cost. Therefore, the investor may opt not to invest in this project.
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g 19. what is the price of a three-year, default-free security with a face value of $1000 and an annual coupon rate of 4%? what is the yield to maturity for this bond?
The yield to maturity for this bond is 3.85%.
There are a few steps to answer this question, so let's break it down:
Step 1: Calculate the coupon payment: The coupon rate is given as 4% of the face value. So the annual coupon payment is:4% x $1000 = $40
Step 2: Calculate the present value of the bond: The present value of the bond is the sum of the present value of each coupon payment plus the present value of the face value. Since the bond is default-free, we can use the yield to maturity as the discount rate. The bond has a 3-year maturity, so we will use that as the number of periods.
Using a financial calculator or Excel, we can find the present value of each coupon payment: [tex]PV = PMT / (1 + r)^n[/tex]
Where PV is the present value, PMT is the coupon payment, r is the yield to maturity, and n is the number of periods. So for the first coupon payment, n = 1 and PMT = $40: [tex]PV = $40 / (1 + r)^1[/tex]For the second coupon payment, n = 2 and PMT = $40: [tex]PV = $40 / (1 + r)^2[/tex] And so on, until we get to the final coupon payment, which is in year 3: [tex]PV = $40 / (1 + r)^3[/tex]
For the face value of $1000, the present value is simply:$1000 / (1 + r)3Then we add up all these present values to get the present value of the bond: [tex]PV = $40 / (1 + r)^1 + $40 / (1 + r)^2 + $40 / (1 + r)^3 + $1000 / (1 + r)^3[/tex]
Step 3: Solve for the yield to maturity: We now have an equation for the present value of the bond in terms of the yield to maturity, r. We can solve for r using trial and error, or we can use Excel's RATE function to find the yield to maturity. Either way, we get:r = 0.0385 or 3.85% (rounded to two decimal places)So the price of a three-year, default-free security with a face value of $1000 and an annual coupon rate of 4% is the present value of the bond, which is $1,107.87. The yield to maturity for this bond is 3.85%.
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on october 1, 2019, donna equipment signed a one-year, 8% interest-bearing note payable for $50,000. assuming that donna equipment maintains its books on a calendar year basis (december 31 as fiscal year end), how much interest expense should be reported in the 2020 income statement? select one: a. $2,000. b. $4,000. c. $1,000. d. $3,000.
The amount of interest expense that should be reported in the 2020 income statement is d. $3,000.
Donna Equipment signed a one-year, 8% interest-bearing note payable for $50,000 on October 1, 2019. The note payable is for one year, so it will mature on September 30, 2020.
To calculate the interest expense for the 2020 income statement, we need to determine the interest accrued on the note payable from January 1, 2020, to September 30, 2020.
Interest = Principal x Rate x Time
Principal = $50,000
Rate = 8% per year
Time = 9/12 (since interest is being calculated from January 1, 2020, to September 30, 2020)
Interest = $50,000 x 8% x 9/12 = $3,000
Therefore, the interest expense that should be reported in the 2020 income statement is d. $3,000.
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true or false? the behavior of senior leadership is not as important as the behavior of midlevel managers, because most employees will not interact with senior leaders.
False. The behavior of senior leadership is just as important, if not more important, than the behavior of midlevel managers.
While it is true that most employees may not directly interact with senior leaders on a daily basis, their behavior sets the tone and culture for the entire organization. Senior leaders have the power to make decisions that impact the entire company, including its employees and customers. If they exhibit negative or unethical behavior, it can have a trickle-down effect and affect the behavior and attitudes of midlevel managers and employees as well.
On the other hand, when senior leaders model positive and ethical behavior, it can inspire and motivate midlevel managers and employees to do the same. Senior leaders also have the responsibility to communicate the company's values and vision to all employees, which sets the foundation for the company culture.
In addition, senior leaders are often the face of the company and represent it in the public eye. Their behavior can directly impact the company's reputation and brand image, which can have long-lasting effects on the company's success. In summary, the behavior of senior leadership is crucial in setting the tone and culture of the entire organization, and it is just as important as the behavior of midlevel managers.
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True/False? Under absorption costing, fixed overhead is treated like a variable cost because a portion of the total cost is allocated to each unit produced, rather than being expensed as one large sum.
The given statement, "Under absorption costing, fixed overhead is treated like a variable cost because a portion of the total cost is allocated to each unit produced, rather than being expensed as one large sum," is true (T).
This is because under absorption costing, fixed overhead is allocated to each unit produced as a portion of the total cost, which treats it like a variable cost rather than expensing it as a lump sum.
What is absorption costing?Absorption costing is a way to determine the full cost of a product. It includes both variable and fixed overhead costs in the final product cost. As a result, under absorption costing, it is more likely that the cost of the product will be higher than under variable costing. The principle behind absorption costing is that a company's fixed costs are absorbed into the cost of the units produced.
Because all of the expenses incurred in producing the product are included in the cost of the product, the higher price can then be justified. Absorption costing assigns both variable and fixed overhead costs to each unit of output. As a result, the price of the item includes all of the costs incurred in its manufacture. It is used to determine the final cost of products in manufacturing businesses.
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what are two reasons why countries should remain focused on opening markets? (check all that apply.)
There are several reasons why countries should remain focused on opening markets. The following are two reasons why countries should remain focused on opening markets. The reasons are discussed below: Increase in competition and Opening up of markets leads to an increase in competition.
In a competitive environment, companies are forced to produce quality goods and services at reasonable prices. This leads to better quality products and services at a lower cost to consumers. A country that opens its markets to foreign competitors will benefit from the transfer of knowledge, skills, and technology.
This will allow the country to increase its efficiency and productivity.Growth of the economyOpening up markets creates opportunities for trade, investment, and economic growth. The growth of the economy can lead to an increase in tax revenue, which can be used to fund social programs such as healthcare, education, and infrastructure. Hence, opening up markets is beneficial for a country's economy.
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a company can minimize unionization by: group of answer choices not hiring women workers and workers from ethnic minorities who are more likely to join unions. petitioning the national labor relations board to exempt it from the possibility of unionization. creating formal grievance systems for all its workers. making the union president its official spokesperson.
The best way for a company to minimize unionization is by creating formal grievance systems for all its workers. The correct option is C.
This way, the company can address any potential problems quickly and before they become large enough to require unionization. Additionally, having a strong employee-management relationship is key to avoiding unionization.
Alternatively, petitioning the National Labor Relations Board to exempt the company from the possibility of unionization could also be an option, although it might not always be successful. Hiring workers who are less likely to join unions, such as women or ethnic minorities, is not a recommended strategy for minimizing unionization.
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which of the following items is not computed on a consolidated basis? group of answer choices dividends received deduction. cost recovery deduction. charitable contributions. net capital losses.
Dividends received deduction is not computed on a consolidated basis because it's an individual deduction, which can be claimed by receiver the dividend. The correct answer is dividends received deduction.
Cost recovery deductions refer to the deductions a business is allowed to take for the costs associated with buying, maintaining, and using business property. Charitable contributions are deductions that businesses are allowed to take for money given to an eligible nonprofit organization. Net capital losses are the result of capital assets being sold for less than the purchase price.
These deductions are all computed on a consolidated basis, meaning the combined income, deductions, and credits of all entities in the consolidated group are used to compute the total amount of the deduction. Dividends received deductions, however, can only be claimed by the entity receiving the dividend. Hence the right answer is dividends received deduction.
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stage three of a financial crisis in an advanced economy features: group of answer choices an increase in the general price level debt deflation a general increase in inflation a full-fledged financial crisis.
The third stage of a financial crisis in an advanced economy features the phenomenon of debt deflation.The correct option is debt deflation.
Debt deflation is a circumstance where the total amount of debt in an economy goes down by which can occur because of a downturn in economic activity. It is defined as a decrease in the general price level, and it is related to the impact of a financial crisis on the overall economy of an advanced economy.
A decrease in the general price level is one of the signs of stage three of a financial crisis. This decrease happens because the cost of goods and services in the economy tends to drop while the value of debts remains the same or rises, increasing the real value of the debt.
This creates a cycle of diminishing demand, increasing defaults, and decreasing asset values. This leads to a decrease in the total demand, which reduces the amount of money flowing in the economy, and the debt deflation cycle continues.
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a result of the job analysis that summarizes the responsibilities and purpose of the job, the working conditions, and its relationship to other functions is a:
A job description is a result of the job analysis that summarizes the responsibilities and purpose of the job, the working conditions, and its relationship to other functions.
It provides a clear and concise understanding of what is expected of the job role, outlining the main duties, responsibilities and required qualifications.
Job descriptions help organizations establish expectations and define performance objectives for employees. They also help job seekers understand the role they are applying for and determine if they are a suitable fit.
A job description can also be used to create job postings, helping to attract and retain quality employees.
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index corporation compares two products' margin of safety ratios (mos%). product a has a ratio of 0.13 and product b has a ratio of 0.31. everything else held constant, what should the managers at index corporation do and why?
Index Corporation is comparing the margin of safety ratios of two products, and one has a higher MOS% than the other. Given that, the managers at Index Corporation should focus on the product with the lower MOS%, product A, and try to improve its margin of safety ratio.
The mangers should focus on product A and try to improve its margin of safety ratio because a higher margin of safety ratio means the product is less risky and less likely to experience a loss in sales. So, by improving the MOS% of product A, the company can reduce the risk of loss and increase its chances of making a profit. Index Corporation should review their production processes for Product A and find ways to reduce costs or increase revenue. This can be achieved by looking for cheaper raw materials, using more efficient production techniques, or finding new marketing strategies that appeal to the target audience.
Margin of safety (MOS) ratio is a financial metric that is used to calculate the amount by which sales can decrease before the company stops making a profit. The MOS ratio is calculated by dividing the difference between the actual sales and the break-even point by actual sales.The MOS% ratio is a modified version of the MOS ratio, and it is calculated by dividing the MOS by actual sales and then multiplying the result by 100. The MOS% ratio is a more useful tool for businesses because it expresses the MOS in percentage terms.
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reduced setup times lead to reduced group of answer choices setup costs and increased efficiency. efficiency and increased labor costs. inventory costs and increased setup costs. efficiency and increased inventory costs.
Reduced setup times lead to reduced group of answer choices setup costs and increased efficiency. This is because the more time you spend setting up equipment, the more labor costs you will incur.
as well as the more time you will spend setting up inventory costs that could be spent on production, so it is essential to reduce setup times. To achieve this, the following measures should be taken: Standardize and simplify setup procedures.
Design parts that can be changed quickly, such as jigs, fixtures, and molds. Organize the workplace so that tools and materials are readily available. Use quality maintenance practices to reduce the frequency of downtime and increase the amount of time equipment can operate before breaking down.
Reduced setup times lead to increased efficiency. As setup times are reduced, machines and equipment will be more frequently used, resulting in a higher throughput or output of products.
The increased productivity, in turn, will translate into more sales, greater profitability, and increased cash flow. Reduced setup times lead to reduced group of answer choices setup costs and increased efficiency.
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in october of year 0, janine received a $22,475 payment from a client for 31 months of security services she will provide starting on september 1 of year 0. this amounts to $725 per month. janine is a calendar-year taxpayer. a. when must janine recognize the income from the $22,475 advance payment for services if she uses the cash method of accounting?
Janine must identify the income from the $22,475 advance payment for services on the Cash basis of accounting, which means she must recognize the revenue when: She receives the money.
As a result, she must include the $22,475 in her earnings for the month in which she receives it, which is October of year 0.
The cash basis of accounting is a procedure for determining when income and expenses are recognized in accounting records. In contrast to the accrual basis of accounting, which records transactions when they happen, the cash basis records transactions only when they have been paid.
As a result, income is recorded only when it is received, and expenditures are recorded only when they are paid.
Based on the question, the cash basis of accounting is used in recognizing the $22,475 income. Consequently, it will be recorded in October of year 0.
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