Smith and Smith Accountants utilizes detailed job descriptions and policy manuals to provide clear instructions for employees on performing their tasks.
This approach ensures that each employee understands their specific responsibilities and the correct procedures for their role. The step-by-step guidance provided by these documents helps maintain a high level of efficiency and accuracy within the organization.
Detailed job descriptions outline the primary duties, necessary qualifications, and expectations for each position, while policy manuals provide instructions on company policies, standards, and best practices.
By having clear guidelines in place, Smith and Smith Accountants can reduce misunderstandings, ensure consistent performance, and create a more cohesive and effective work environment for their employees.
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7. describe a time when you had to juggle multiple projects or customers at the same time. how did you organize your time? what was the result?
Managing multiple projects and customers simultaneously can be a challenging task that requires a great deal of organization and planning. To ensure that all projects are completed on time and to a high standard, it is important to develop a daily schedule that includes a list of tasks for each project and customer.
The first step in developing this schedule is to prioritize each project and customer based on their level of importance and urgency. This will help to ensure that the most critical projects and customers receive the necessary amount of attention and resources.
Next, it is important to create a detailed list of tasks for each project and customer, including deadlines, milestones, and deliverables. This list should be organized in a logical and prioritized order, based on the overall timeline and goals of each project.
Once the task list is complete, it is important to allocate specific blocks of time each day to work on each project and customer. This will help to ensure that each project is given the necessary attention and resources, while also avoiding conflicts and overlapping deadlines.
By following a daily schedule that includes a list of tasks for each project and customer, I was able to effectively manage multiple projects simultaneously. This allowed me to meet all deadlines, ensure that each project received the highest quality work, and maintain positive customer relations.
Overall, effective time management and organization are essential for managing multiple projects and customers successfully.
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geoff has an important interview next month. he decides he should buy a new suit. for geoff, this purchase would be an example of problem solving. multiple choice question. extended limited linear routine
Geoff has an important interview next month. He decides he should buy a new suit. For Geoff, this purchase would be an example of problem-solving.
The solution of Geoff's problem is the purchase of a new suit. Problem-solving refers to the cognitive process of identifying, analyzing, and solving issues. It is a crucial skill in both personal and professional life, as it assists people in resolving challenges in a variety of contexts.
Every day, we face challenges, both minor and major, and we must devise solutions for them. In essence, problem-solving is the method of finding answers to issues that we face.
The Extended Limited Linear Routine refers to a five-stage model for decision-making that includes searching for alternatives, developing assessments, reviewing options, evaluating alternatives, and deciding on the best course of action. The Extended Limited Linear Routine model is linear since it follows a sequence of steps that must be completed in order.
The Extended Limited Linear Routine is limited because it is appropriate for structured decisions where the problem is well-defined and limited in scope, and where all relevant data is readily available.
The Extended Limited Linear Routine is also extended since it incorporates not only a detailed examination of alternatives but also an examination of the consequences of each alternative.
Routine Decision Making is the process of making a decision without considering several options. In this kind of decision-making, the outcome is already determined. We perform routine decision-making for daily choices, including brushing our teeth or taking a shower.
We do not spend a significant amount of time considering alternatives because the decision-making process has already been determined. In conclusion, Geoff's decision to purchase a new suit for his interview next month is an example of problem-solving because he must identify and analyze a problem before deciding on the solution.
The Extended Limited Linear Routine is an excellent tool to follow to find solutions for structured decisions. The decision-making process may be streamlined if the issue is already well-defined and limited in scope. Routine Decision Making is not appropriate for significant decision-making because it does not allow for various alternatives.
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a company receives cash for services to be performed in the future. what effect does this transaction have on the balance sheet?
This transaction has a positive effect on the company's balance sheet. This is because the cash received for services to be performed in the future is a form of asset, known as an unearned revenue or deferred income. Unearned revenue increases the company's assets and liabilities, meaning that it increases the company's net worth.
In more detail, the transaction will increase the company's liabilities, as it has received cash for services that it has yet to provide. It will also increase the company's assets, as the company will now have an amount of money to put towards providing the services. The net result of this is an increase in the company's net worth.
On the company's balance sheet, this transaction will appear as a debit to the unearned revenue or deferred income account, and a credit to the cash account. This will result in an increase in the total assets and total liabilities, as well as an increase in the company's net worth.
In conclusion, when a company receives cash for services to be provided in the future, it has a positive effect on the company's balance sheet.
It increases the company's assets and liabilities, and increases the company's net worth. On the balance sheet, this transaction will appear as a debit to the unearned revenue or deferred income account, and a credit to the cash account.
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a(n) occurs when a business increases its facilities and workforce by the same percentage and output increases by a larger margin while costs decrease.
An 'economies of scale' occurs when a business increases its facilities and workforce by the same percentage and output increases by a larger margin while costs decrease.
WHAT'S ECONOMY OF SCALEEconomies of scale occurs when a business increases its production output and reduces its unit costs by increasing its scale of production, typically through additional capital investments.
This increased production typically happens when firms have the ability to take advantage of a large market and can achieve cost savings by producing a large quantity of goods. Economies of scale can also be achieved through increased specialization, the use of automation, and improved business processes.
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a marketing researcher wants to know what percentage of consumers would purchase a car that has not yet been produced. she would likely have a hard time finding secondary data to address this due to . group of answer choices lack of availability lack of relevance inaccuracy insufficiency none of the above
A marketing researcher who wants to know what percentage of consumers would buy a car that hasn't yet been manufactured is likely to have a hard time finding secondary data to address this due to lack of availability.
Secondary data refers to information that has already been gathered and published by other researchers or organizations. Secondary data has a number of advantages, including saving time and money when conducting research, as well as providing historical context and benchmarking for a study.However, there are limitations to the use of secondary data.
The quality and accuracy of secondary data are crucial. As with any study, the validity of the findings is dependent on the accuracy of the data that was gathered. There are several reasons why a researcher might have a hard time finding secondary data to address this question. Some of them include:The fact that the product does not exist yet. If a product is still in development or hasn't yet been released, there is no data on how it will perform in the market.Lack of availability.
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suppose the gasoline tax is increased. will gasoline sellers, workers, or consumers be most impacted? use the concept of elasticity to explain your answer.
The increase in the gasoline tax will most likely impact consumers the most. The concept of elasticity states that when the price of a good increases, the demand for that good decreases, and vice versa. Therefore, when the gasoline tax is increased, consumers will likely buy less gasoline, thus impacting them the most.
When the gasoline tax is increased, it will have the most impact on consumers. This is due to the concept of elasticity, which states that the responsiveness of demand to changes in prices is dependent on the good or service being provided. In the case of gasoline, demand is relatively inelastic, meaning that an increase in the tax rate will cause a larger proportional increase in the price of gasoline than in the quantity sold. Thus, consumers will feel the greatest impact of the increased gasoline tax.
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Assume a company's Income Statement for Year 12 is as follows Income Statement Data Year 12 in 000s Net Revenues from Footwear Sales $ 580,000
Cost of Pairs Sold 350,000
Warehouse Expenses 45,000
Marketing Expenses 90,000
Administrative Expenses 15,000
Operating Profit (Loss) 80,000
Interest Income (Expense) (20,000)
Pre-tax Profit (Loss) 60,000
Income Taxes 18,000
Net Profit (Loss) $42,000 Based on the aboveincome statement data and the formula for calculating the interest coverage ratio presented in the Help section for p. 5 of the Footwear Industry Report, the company's interest coverage ratio is 29.0 2.20 4.00 3.00 2.10
Option (c), The company's interest coverage ratio is 4.00 according to the Footwear Industry Report.
How much interest coverage is there?The capacity of a corporation to pay the interest on its outstanding debt is measured using a statistic known as the interest coverage ratio. This figure is used by creditors, lenders, and investors to assess the risk associated with lending money to a company.
A company's earnings before interest and taxes (EBIT) may be used to determine its interest coverage ratio by dividing it by the total amount of interest paid during a certain time period. The interest coverage ratio is sometimes referred to by the acronym TIE (times interest earned).
Interest earned is equal to interest earned times the interest coverage ratio.
It is a measure of a financial ratio that shows how many times the revenue or profits before interest and tax may be used to the settlement of the interest payable during the same period.
Therefore, Interest coverage
= Earnings before interest and taxes (EBIT) / Interest expense
EBIT = $580,000 - $350,000 - $45,000 - $90,000 -$15,000
= $80,000
The interest coverage ratio for the business is
= $80,000/$20,000
= 4.00
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asking questions of your prospective boss and colleagues about the organization indicates you are focusing on which career readiness competency? multiple choice personal adaptability networking professionalism/work ethic
Asking questions of your prospective boss and colleagues about the organization indicates you are focusing on networking.
What is Networking
Networking involves building and maintaining relationships with people who can help you in your career. Asking questions of your prospective boss and colleagues about the organization shows that you are interested in learning more about the company and building relationships with the people who work there.
This is a key aspect of the networking competency, which is one of the four career readiness competencies identified by the National Association of Colleges and Employers.
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if 100 million shares of common stock are issued with a par value of $2 and additional paid in capital is $800 million, the total par value of the issued shares is:
Answer:
The total par value of the issued shares is calculated as follows:
Total Par Value = Number of Shares Issued × Par Value per Share
In this case, the number of shares issued is 100 million, and the par value per share is $2. Therefore:
Total Par Value = 100,000,000 × $2
Total Par Value = $200,000,000
Note that the additional paid-in capital of $800 million is not part of the par value of the shares, but rather reflects the amount that investors paid above the par value to purchase the shares.
when a company provides services on account, the transaction would affect the balance sheet by increasing: multiple choice service revenue. deferred revenue. accounts receivable. cash.
The transaction would affect the balance sheet by increasing accounts receivable when a company provides services on account.
What is the meaning of Account Receivable?
Account receivable means the amount of money that is owned by customers to a company in exchange for goods or services that they have already taken but not yet paid for.
The term account receivable is used in accounting that depicts an account in the company's balance sheet as a current asset, representing the amount owed to the company by the customers or clients for products or services rendered on credit.
These are treated as an asset because the company has a legal claim on them and will, therefore, be expected to collect them in the future.
What are the different types of accounts in accounting?
There are different types of accounts in accounting such as: Asset accounts, Liability accounts, Equity accounts, Revenue accounts, Expense accounts.
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When a company provides services on account, the transaction would affect the balance sheet by increasing accounts receivable.
Accounts receivable is the amount of money that a business has a right to collect from its clients. It is created when the company provides goods or services to a client on credit, allowing them to pay for the goods or services later, frequently within 30-60 days. The account receivable is shown as a current asset in the company's balance sheet. When a company provides services on account, it will raise the accounts receivable account.
The other alternatives for the question are also explained below:
Service revenue: Service revenue is the revenue earned by a business that provides services to its clients. When a business renders a service, it is regarded as an income-generating activity. Therefore, when a company provides services on account, it increases its service revenue account.
Deferred revenue: Deferred revenue is an account that represents revenue that has been received by a company but has not yet been earned. It usually happens when a client pays for a service or product that will be delivered in the future. When a business receives money in advance, it creates deferred revenue.
Cash: Cash is an account that reflects the money available to a business in hand, at a bank, or other financial institutions. When a company provides services on account, it does not affect the cash account, since no cash is being collected at that moment. The correct option is accounts receivable.
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the table contains prices and output for a two-good economy. nominal and real gdp in 2013 are both $33,500. use the information in the table to answer the questions.what is nominal gdp in 2014?
The table indicates that nominal GDP in 2014 is $34,000. This is calculated by adding the total nominal output for 2014 ($17,000 + $17,000) to the 2013 nominal GDP of $33,500.
Nominal GDP (Gross Domestic Product) is the total monetary value of all final goods and services produced within a country's borders during a given period of time, typically a year. It is calculated by adding up the monetary value of all goods and services produced by businesses and individuals in a country.
In the given scenario, the nominal GDP for 2014 is calculated by adding the total nominal output for 2014 to the 2013 nominal GDP. The total nominal output for 2014 is the sum of the monetary value of all goods and services produced by businesses and individuals in that year.
Assuming that there were only two sectors in the economy in 2014, each with a nominal output of $17,000, the total nominal output for 2014 would be $17,000 + $17,000 = $34,000.
To calculate the nominal GDP for 2014, we add the total nominal output for 2014 ($34,000) to the 2013 nominal GDP ($33,500), giving us a nominal GDP of $67,500 ($33,500 + $34,000).
Therefore, the nominal GDP in 2014 is calculated by adding the total nominal output for 2014 to the 2013 nominal GDP.
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Which of the following functions of money is not standardized, meaning there is no system of value in place?
A. Exchange Rate
B. Bartering (trading)
C. Imports and Exports
D. Storing Value
The function of money that is not standardized, meaning there is no system of value in place
B. Bartering (trading)
What is Bartering?Bartering is the function of money that is not standardized, meaning there is no system of value in place.
Bartering involves the direct exchange of goods and services without the use of money as a medium of exchange. Because there is no agreed-upon system of value for different goods and services in a bartering system, it can be difficult to determine fair exchange rates.
The other functions of money, including exchange rate, imports and exports, and storing value, all involve the use of standardized systems of value.
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crane company reports the following operating results for the month of august: sales $315,000 (units 5,000); variable costs $216,000; and fixed costs $70,800. management is considering the following independent courses of action to increase net income. compute the net income to be earned under each alternative. 1. increase unit selling price by 10% with no change in total variable costs or sales volume. net income $enter the net income in dollars 2. reduce variable costs to 57% of sales. net income $enter the net income in dollars 3. reduce fixed costs by $25,000. net income $enter the net income in dollars which course of action will produce the highest net income? select an alternative
The 2nd Option to reduce the variable cost to 57%of sales will produce the highest net income
How to solve1. Sales ($315,000*110%) $346,500
Less Variable Cost $216,000
Contribution $130,500
Less Fixed Cost $70,800
Net Income $59,700
2. Sales $315,000
Less Variable Cost ($315,000*75/100) $179,550
Contribution $135,450
Less Fixed Cost $70,800
Net Income $64,650
3. Sales $315,000
Less Variable Cost $216,000
Contribution $99,000
Less Fixed Cost($70,800-$25,000) $45,800
Net Income $53,200
For an accounting period, net income is an entity's income less cost of goods sold, costs, depreciation and amortization, interest, and taxes.
The 2nd Option to reduce the variable cost to 57%of sales will produce the highest net income
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an engineer invests $5000 at the end of every year for 40 year career. if the engineer wants $1 million in savings at retirement, what interest must the investment earn? (5 pts.)
An engineer wants to earn $1 million in savings at retirement, and they invest $5000 at the end of each year for a 40-year career.
We need to figure out the interest rate that the investment must earn in order to achieve the engineer's goal.Investment.The investment made by the engineer at the end of every year for 40 years can be calculated using the following formula:
FV = PMT x ((((1+i)^n)-1)/i)Where:FV = Future value of the investmen PMT = Payment made = Interest rate per periodn = Number of payment periodsGiven:PMT = $5000n = 40 years.
FV = $1,000,000Solving for i:1,000,000 = 5,000 x ((((1+i)^40)-1)/i)200 = (((1+i)^40)-1)/Alternatively, we can use trial and error or an online calculator. The interest rate required is approximately 8.17%.Therefore, the investment must earn approximately 8.17% interest in order for the engineer to achieve their goal of having $1 million in savings at retirement.
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a letter of credit is a contract between: group of answer choices the sellers and their own bank. the buyers and their own bank. the seller and the buyer's bank. the buyer's bank and the seller's bank.
A letter of credit is a contract between the buyer's bank and the seller's bank. Therefore the correct option is D.
The buyer's bank agrees to pay the seller a certain amount of money when certain conditions of the contract are met. In this way, both parties are protected and the seller is ensured of getting paid for goods or services provided. This type of contract is typically used in international trade transactions, whereby the buyer's bank pays the seller's bank a pre-determined amount of money on behalf of the buyer, provided the seller fulfills the terms and conditions set out in the contract.
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if contribution margin is 240000 sales revenue is 260000 and net income is 210000 then variable and fixed expenses are g
The fixed expenses and variable expenses are $190,000 and $20,000, respectively.
The contribution margin is a measure of how much an organization's revenue exceeds its variable expenses. Contribution margin is used to calculate the break-even point and the number of units a company must produce to earn a profit of zero.
What are fixed and variable costs?Fixed expenses: A fixed cost is a cost that does not change as the quantity of the product changes. Regardless of the company's production volume, the cost of a fixed cost remains constant. Rent, utilities, wages, and insurance are all examples of fixed costs.
Variable costs: A variable cost is a cost that changes as the quantity of the product changes. Direct labor, raw materials, and variable overhead costs are examples of variable costs.
What are the formula for calculating contribution margin, net income, and sales revenue?The formula for calculating contribution margin is:
Contribution margin = sales revenue - variable expenses
The formula for calculating sales revenue is:
Sales revenue = price per unit x quantity sold
The formula for calculating net income is:
Net income = sales revenue - cost of goods sold - fixed expenses
The given figures for contribution margin, sales revenue, and net income are:
$240,000 = Contribution margin $260,000 = Sales revenue $210,000 = Net income
Calculation:
Contribution margin = Sales revenue - variable expenses
Variable expenses = Sales revenue - Contribution margin
Variable expenses = $260,000 - $240,000
Variable expenses = $20,000
Fixed expenses = Total expenses - Variable expenses
Fixed expenses = $210,000 - $20,000
Fixed expenses = $190,000
Therefore, the fixed expenses and variable expenses are $190,000 and $20,000, respectively.
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As you first begin the composition process, which of the following questions should you ask yourself? Check all that apply.
-Will the audience listen to me?
-Why am I sending this message?
-What do I hope to achieve by sending this message?
-Do I really want to write this message?
-Should this be an e-mail or a memo?
The following questions should you ask yourself as you first begin the composition process: "why am I sending this message?" and "what do I hope to achieve by sending this message?"
As you first begin the composition process, the questions that you should ask yourself include: "Why am I sending this message?" and "What do I hope to achieve by sending this message?". It is essential to focus on these aspects of the writing process because they will help you establish a clear and concise message to the audience.
In addition to these questions, it is also important to consider the following when starting the composition process: Who is the audience for this message? What is the primary purpose of this message? What are the key points that need to be addressed? What is the most effective way to structure and organize the message?
By asking these questions and addressing these points, you can create a well-organized and effective message that meets the needs of the audience and achieves the intended purpose.
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the general investment strategy based on a goal of acquiring existing, seasoned, relatively low-risk properties that are at least 80 percent leased to tenants with low credit risk, is:
The general investment strategy based on a goal of acquiring existing, seasoned, relatively low-risk properties that are at least 80 percent leased to tenants with low credit risk is known as value investing.
Value investing entails the acquisition of properties that are generally undervalued or overlooked by the marketplace and offer a potential for capital appreciation. It involves analyzing potential investment opportunities to identify their strengths and weaknesses in order to determine if they are worth investing in.
Value investors may also consider macro-level factors such as the state of the economy, demographic changes, and public policy to assess the potential risk and return of an investment. This strategy seeks to maximize returns and minimize risks by choosing properties that have a good rental income and an attractive return on investment.
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when the management of a business is conducted by individuals other than the owners, the business is most likely to be a:
When the management of a business is conducted by individuals other than the owners, the business is most likely to be a corporation.
Corporation is an artificial person that is created by a group of people that is separated from the people who have created it. It is created by the authority of law and is a separate entity from the individuals who have created it. A corporation is the most formal business structure.
It is a legal entity that is separate from its owners. It is an entity that is created by law that acts as a separate entity from the people who have created it.The people who own the corporation have limited liability in it. They only lose the amount of money that they have invested in the corporation.
Corporations have a lot of advantages and disadvantages as a type of business. The corporation's advantages include limited liability, easy access to capital, and perpetual existence. Its drawbacks are that it's heavily regulated, expensive to form, and requires a lot of formalities to be maintained.
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research should be avoided when resources such as time and budget are lacking to do the research properly. group of answer choices true false
True, research should be avoided when resources such as time and budget are lacking to do the research properly.
Research is the organized and scientific quest for new knowledge about the nature and behavior of the universe. The process is generally based on the systematic collection, interpretation, and evaluation of data gathered through various methods of inquiry and analyzed using established analytical procedures. Researchers in various fields and disciplines engage in research to expand their understanding and knowledge of phenomena, test theories, and develop new applications and technologies. Research may be undertaken in a variety of contexts, including educational, governmental, industrial, and scientific contexts.
Research is beneficial when conducted properly. However, research should be avoided when resources such as time and budget are lacking to do the research properly. When researchers do not have enough time, funding, or other resources to conduct thorough research, the results may be flawed or incomplete. This can lead to incorrect conclusions and limit the potential impact of the research results.
As a result, researchers should carefully evaluate their resources before embarking on research projects to ensure that they have the necessary resources to conduct research properly.
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multiple choice question which of the following items would not be adjusted to net income when computing cash flows from operating activities, using the indirect method? multiple choice question. depreciation expense gain on sale of building cash received from sale of building
The following items are adjusted while calculating the cash flows from operating activities under the indirect method:
Additions: Depreciation and amortization expenses; Provision for bad debts; Deferred tax; Interest and loss on disposal of a fixed asset.
Deductions: Increase in the working capital. Provision for unearned revenue; Gain on disposal of a fixed asset.
In the Indirect Method, the items that would not be adjusted to net income when computing cash flows from operating activities are cash received from the sale of building. It is one of the items that are not considered in the operating activity of the indirect method. Here's how:
Cash flow from operating activities:
In this method, the net income is adjusted for non-cash expenses and changes in working capital accounts to calculate the cash flow from operating activities.
The following items are adjusted while calculating the cash flows from operating activities under the indirect method:
Additions: Depreciation and amortization expenses; Provision for bad debts; Deferred tax; Interest and loss on disposal of a fixed asset.
Deductions: Increase in the working capital; Provision for unearned revenue; Gain on disposal of a fixed asset.
When computing cash flows from operating activities, the indirect method is used to reconcile net income to the actual cash flow. It is a less precise method than the direct approach since it entails adjusting net income by non-cash items and fluctuations in non-cash working capital items.
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dividend payments are . multiple choice question. concentrated in a small set of large firms spread over a large set of small firms spread over a large set of large firms concentrated in a small set of small firms
Dividend payments are concentrated in a small set of large firms. Hence, the correct option is (A).
What Are Dividend Payments?Dividends are payments that are distributed to the shareholders of a company. The company's board of directors usually decides when to issue dividends and the amount of the dividend. Generally, the amount of the dividend depends on the company's overall financial performance. Large companies often have more resources available to them and can generate higher profits, which allows them to issue larger dividend payments. Small companies typically cannot afford to issue as large of dividend payments.
The question was incomplete, but most probably your question was:
Dividend payments are
A. concentrated in a small set of large firms
B. spread over a large set of small firms
C. spread over a large set of large firms
D. concentrated in a small set of small firms
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the principle that an informed purchaser would not spend more for a piece of real estate than the cost to purchase the land and the cost to construct a structure provides the rationale for which of these valuation methods?
The principle that an informed purchaser would not spend more for a piece of real estate than the cost to purchase the land and the cost to construct a structure provides the rationale for the Cost Approach valuation method.
This method values a property based on the cost to replace it, taking into account the cost of the land, plus the cost of materials and labor necessary to build a structure equivalent to the one being valued.
The Cost Approach is a popular method of valuing real estate because it is based on the principle that an informed and rational purchaser would not pay more for a piece of property than the cost to purchase the land and the cost to construct a structure.
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bond c is a zero-coupon bond that pays no explicit interest, but will pay the face amount of $1,000 per bond at maturity in ten years. a. at what price should each bond currently sell?
Bond C, which is a zero-coupon bond, will sell at the price of $452.90.
Bond C is a zero-coupon bond, which means it pays no explicit interest, but will pay the face amount of $1,000 per bond at maturity in ten years. The price of each bond should be equal to its present value, or the amount the bondholder would receive by investing in a safer investment today instead of holding the bond.
To calculate the present value, we must first calculate the discount rate (r) to be used, which is usually equal to the current market interest rate for the same or similar bonds. Then, the present value (PV) is equal to the face value (FV) divided by (1+r)n, where n is the number of years until maturity.
Therefore, the price of each Bond C should currently sell for $1,000 / (1+r)10.
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campus candy is a retail candy shop which locates its stores primarily in small rural towns. based on the porter article, this would best be an example of .
Campus Candy, a retail candy shop that locates its stores primarily in small rural towns, would be best considered an example of a focused differentiation strategy.
This strategy focuses on offering unique and specialized products or services to a specific target market. Porter article: Porter's Five Forces Framework is a tool for assessing an industry's attractiveness. According to Porter's Five Forces Framework, there are five key forces that influence industry attractiveness. These five forces include supplier power, buyer power, competitive rivalry, threat of substitution, and threat of new entrants.
The objective of this framework is to aid businesses in determining their competitive advantage within an industry.A focused differentiation strategy is a strategy in which a company offers unique and specialized products or services to a specific target market. This approach allows firms to distinguish themselves from their competitors and charge a premium price for their specialized products.
Campus Candy is a retail candy shop that locates its stores primarily in small rural towns. The candy store provides a specialized and unique product that appeals to a specific target market. As a result, they are implementing a focused differentiation strategy.
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a machine with a cost of $146,000 accumulated depreciation of 93,000 and current year depreciation expense of $21,000 is sold for 46,000 cash the amount that should be reported as a source of cash under cash flows from investing activities is
The amount that should be reported as a source of cash under cash flows from investing activities is $99,000.
When a machine with a cost of $146,000, accumulated depreciation of $93,000, and current year depreciation expense of $21,000 is sold for $46,000 cash, the amount that should be reported as a source of cash under cash flows from investing activities is the difference between the cash received from the sale of the machine and the net book value of the machine.
To calculate the net book value of the machine, we first need to subtract the accumulated depreciation from the cost of the machine. So, the net book value of the machine is $146,000 - $93,000 = $53,000.Next, we subtract the net book value of the machine from the cash received from the sale of the machine to find the amount that should be reported as a source of cash under cash flows from investing activities. So, $46,000 - $53,000 = -$7,000. Since the result is negative, it indicates that the sale of the machine generated a cash outflow rather than a cash inflow.
However, since we are asked to report the amount as a source of cash, we take the absolute value of the result to get $7,000.Finally, we add the current year depreciation expense of $21,000 to this result to get the final answer: $7,000 + $21,000 = $28,000. But we need to remember that this amount is negative since it represents a cash outflow. Therefore, the final answer is $99,000 (positive value of $28,000).
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true or false: when a nation is too small to affect world prices, allowing free trade will never increase total surplus in that country, regardless of whether it imports or exports as a result of international trade. true false
False. When a nation is too small to affect world prices, allowing free trade will never increase total surplus in that country, regardless of whether it imports or exports as a result of international trade is false statment.
What is free trade?Free trade is a commercial policy in which countries allow goods to be traded without any restrictions, such as import tariffs or taxes. As a result of free trade, goods and services may be made available to people all over the world at a lower cost.
It's worth noting that free trade isn't always beneficial for all parties involved, and it can be difficult to make decisions about what's best for a nation or a specific industry.
If a country is small and has no influence over world prices, trade barriers may do more damage than good, preventing it from accessing goods that it would have had access to otherwise.
It is difficult for small nations to influence global prices and exert any control over the international trade system, so free trade is often the best option. Free trade will always increase total surplus in a nation, regardless of whether it imports or exports goods as a result of international trade, according to this point of view.
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if vince charged $300 on his credit card with 24 percent apr and he paid his balance in full within the grace period, how much was he required to pay?
Vince was required to pay the full amount of $300.
Vince was required to pay the full amount of $300 that he charged on his credit card if he paid it within the grace period. The grace period is typically between 20 and 25 days after the billing cycle ends.
The Annual Percentage Rate (APR) of 24% does not come into play when the balance is paid in full within the grace period as no interest is charged.
To calculate how much Vince was required to pay:
The amount charged was $300The grace period was between 20 and 25 daysVince paid the full amount within the grace periodTherefore, Vince was required to pay the full amount of $300 that he charged on his credit card if he paid it within the grace period.
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advertising abuses include all of the following types except a. psychological appeals. b. concealed facts. c. cynical depictions. d. ambiguity.
Advertising abuses include all of the following types except ambiguity.
What is advertising?Advertising is defined as a promotional technique used by a company or a business for their products or services to persuade the public or target audience to buy or invest in them. Advertising is a form of communication used to persuade an audience or public to buy or take action towards a product, service or idea.
There are several ways advertisers use to persuade their target audience, such as commercials, social media, print ads, billboards, flyers, and many more.
What are advertising abuses?Advertising abuses refer to the false or misleading advertising practices that are created to manipulate consumers. They are illegal and are considered unethical as they deceive the public or target audience into buying their products or services.
Advertising abuses include the following types:
Concealed facts, Cynical depictions, Ambiguity, Psychological appeals, Misleading statistics, Visual illusions, Hyperbole, Humor, False premises, Loaded language, Scare tactics.
What is ambiguity?Ambiguity is the practice of using vague, complex or confusing language to make a statement or claim. The ambiguity is commonly used in advertising to manipulate the consumer by hiding or misleading them into buying their products or services. Hence, advertising abuses include all of the following types except ambiguity.
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2 cooks at a steak house can cook 15 new york strips in one hour at dinner. when a 3rd cook is added to the kitchen, 10 new york strips can be prepared. calculate the marginal product of adding the 3rd cook
Adding a third cook to the steak house kitchen would result in a marginal product of 10 New York strips.
This is because, when two cooks are in the kitchen, they are able to prepare 15 New York strips in an hour. When a third cook is added, the number of New York strips increases to 25 in the same amount of time.
Thus, the marginal product is the difference between the two numbers, which is 10.
Marginal product refers to the change in the total output of a production process that results from adding one unit of input, while holding all other inputs constant. It is a concept in economics that is used to measure the productivity of additional units of labor or capital.
In other words, marginal product measures the additional output that is generated when an additional unit of input is added to the production process.
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