A bank loaned out $19 comma 000, part of it at the rate of 6 % per year and the rest at 16 % per year. If the interest received in one year totaled $2500, how much was loaned at 6 % question mark How much of the $19 comma 000 did the bank loan out at 6 % question mark?
Answer:
$5,400
Explanation:
In this question we have to assume the things which are shown below:
Let X be the amount in which the rate is 6%
And the rest amount i.e ($19,000 - X) in which the rate is 16%
So, the equation would be
0.06X + ($19,000 - X) × 0.16 = $2,500
0.06X + $3,040 - 0.16X = $2,500
-0.10X = $2,500 - $3,040
-0.10X = -$540
X = $5,400
So the amount at which 6% rate is charged is $5,400
General‐purpose external financial reporting of a corporation focuses primarily on the needs of which of the following users?
A. The board of directors of the corporation.B. The management of the corporation.C. Investors and creditors and their advisors.D. Regulatory and taxing authorities.
Final answer:
General-purpose external financial reporting is primarily focused on the needs of investors and creditors, and their advisors, rather than the internal management or board of directors of the corporation.
Explanation:
General-purpose external financial reporting of a corporation is designed to meet the information needs of a variety of users. However, it focuses primarily on the needs of the investors and creditors, including their advisors, who may not have the authority to demand reports tailored for their use and must rely on the information that the company publishes. Hence, the correct answer for the primary users of general-purpose external financial reporting is C. Investors and creditors and their advisors.
The board of directors and management typically have access to internal financial reports, which they use for decision-making purposes. Auditing firms are hired to review the financial records and ensure the accuracy and reasonableness of the financial reports which then instill confidence amongst investors. As seen from the Lehman Brothers incident, when corporate governance fails, it can result in insufficient or misleading information being provided to these primary users, which can have catastrophic effects for the corporation and the broader economy.
The _____ states that the individual, firm, region, or country with the lower opportunity cost of producing a particular good should specialize in producing that good.
Answer:
Law of comparative advantage
Explanation:
Let's assume that Wakanda can produce either 10 bags of cotton or 10 bags of wine. While country x can produce either 5 bags of wine or 4 bags of cotton.
The opportunity cost of Wakanda producing either wine or cotton is one .
The opportunity cost of country X producing wine is 4 / 5 = 0.8 and the opportunity cost of producing cotton is 5 / 4 = 1.25
Wakanda should specialise in the production of production of cotton because it has a lower opportunity cost when compared with the other country.
Country x should specialise in wine production because it has a lower opportunity cost when compared with Wakanda.
This illustrates comparative advantage .
I hope my answer helps you
Giving customers more value for the money by satisfying their expectations on key quality features, performance, and/or service attributes while beating their price expectations is a____________
Answer: The correct answer is BEST-COST PROVIDER STRATEGY
Explanation: A best-cost provider strategy is a strategy to be a leader in the industry Andy be successful. It involves giving customers more value for their more by retaining quality but reducing the price.
A typical example of the best-cost provider strategy can be seen between Toyota and Mercedes Benz. With both having great and key quality features but Toyota beating price expectations.
Which economic system leaves production decisions completely up to the producers? 1. mixed economy 2. command economy 3. planned economy 4. free-market economy
Answer:
4. free-market economy
Explanation:
Free-market economy -
A free market refers to the economic system which depends on the demand and supply , where the control of government is nil , is referred to as free - market economy.
It helps to provide all the voluntary exchange occurring in the economy.
The range of the free market economy of a particular country , is present in between very large or completely black market.
Hence, from the given statement of the question,
The correct term is free - market economy.
Answer:
free market economy
Explanation:
a free market system leaves production decision up to the producers.
As part of their strategic control of the organization, the CEO and senior managers at Ford review the daily performance of the company’s suppliers to determine which should be kept.a) trueb) false
Answer:
B) False
Explanation:
Remember, the CEO and senior managers are tasked with the responsibility of managing or delegating responsibility in the organization.
However, they do not need to review the daily performance of suppliers even though the suppliers performance plays a major role in the success of an organization, because they can delegate responsibility.
Last year, Benton Inc. had net income of $3.5 million and paid out $700,000 in cash dividends. If income this year is $4.1 million and the dividend payout ratio is held constant, how much will be paid in dividends?
Answer:
Dividend paid would amount to $820,000
Explanation:
The dividend payout ratio is a percentage of the net income paid to shareholders in dividends.
That is;
Dividend payout ratio = dividend paid out/net income
If the ratio is held constant for both years, then
$700,000/$3,500,000 = y/$4,100,000 (where y is the amount of dividend paid this year)
y = 0.2 × $4,100,000
y = $820,000
A major problem with buying other companies in order to gain access to their product lines is that the acquiring firm may lose its own ability to innovate. True or false?
Answer:
Answer is "FALSE"
Explanation:
As , when a company buys another company there is a strong Knowledge Transfer you can learn about running the business from the current owner, which helps you to gain an insight about their experiences and also use their expertise as how they worked previously on their existing products and you can then grab ideas and follow procedures and use them for your own innovation (The acquiring firm).
88 million people live on less than $1.00 a day. These people are said to be living in _____. subjective poverty marginal poverty absolute poverty relative poverty
Answer: Absolute poverty
Explanation:
Absolute poverty is when household income is beyond a level that makes it impossible for individuals or family to meet basic needs. Living on less than $1.00 is absolute poverty.
Positive economics: a) makes recommendations designed to achieve certain goals. b) is based on value judgments. c) involves statements that can be proven true or false. d) can never be used to make predictions
Answer:
C. Involves statements that can be proven true or false
Explanation:
Positive Economics includes objective statements, based on factual data, describing 'what actually is'. The statements describe economic issues & cause - effect relationship, can be tested or proved.
Eg : The inflation rate in India in 2019 was xyz %.
The statement is a factual data description of an actual economic issue, which can be tested.
Which of the following is the system privilege that empowers the grantee to create an index in his or her own user account but not in the accounts of others?
Answer:
A. Create Table
Explanation:
First, the multiple options for the question:
A. CREATE TABLE
B. CREATE ANY TABLE
C. CREATE INDEX
D. CREATE ANY INDEX
In database or spreadsheet programming management among others, the create table function not only allows one to create a table but also creates an index as a privilege. This done as a result of the fact that a create table function or statement could include either a unique constraint or a primary key.
The creation of this unique constraint or primary key will automatically led to an index being created to support the primary key or the unique constraint. The create table statement also only works within the grantee's own account and not in the account of others.
An Adjustable Rate Mortgage (ARM) contains an escalator clause that allows the interest to adjust over the loan term. How often the loan rate may be changed is determined by the?
Answer:
It's determined by the: adjustment period.
Decisions that are made based on the underlying circumstances of a particular matter can be best characterized by:
Ethical Collectivism
Situational ethics
Ethical relativism
Judgmental Individualism
Answer:
Situational Ethics decision
Explanation:
Situational Ethics decision - it is referred to as a decision that is based on ethics value rather than decisions that are based on moral standards. These types of decisions are made for a particular context in the matter. These are situational.
it is different from moral relativism as situational ethics predict the right or wrong while moral relativism decision on right or wrong.
: Joe is one of the lead accountants for his company. Last month he was pressured to prepare the financial reports more quickly than usual, which led to errors that went undetected. Joe’s manager was very upset about this, and explained that he was negatively impacting the whole company with his mistakes. Why does the manager react in this manner? A : In order to lower the company’s capital allocation, they need to have timely, reliable financial reports. B : In order to increase the productivity rate at the company and decrease the capital allocation, they need to have reliable financial reports. C : The resources at Joe’s company are limited, and financial reports that are timely and reliable will help attract investment capital. D : The resources at Joe’s company are abundant, and correct financial reports will help attract investment capital.
Answer:
C) The resources at Joe’s company are limited and timely, reliable financial reports will help attract investment capital.
Explanation:
Financial reports are like pictures taken to the company, they do not show how the company is currently working, instead it shows how the company was working at a specific point in time.
Investors usually decide on which companies to invest or not based on the company's financial reports and their own analysis of how the company is being managed. So if you present financial reports that are not properly elaborated and contain mistakes, that shows two negative aspects of the company: either the company's financial health is not that good, or the company is not being properly managed, or both (which is even worse).
Either way those mistakes will cause serious problems to upper management.
Suppose that Greece and Sweden both produce fish and shoes. Greece's opportunity cost of producing a pair of shoes is 5 pounds of fish while Sweden's opportunity cost of producing a pair of shoes is 10 pounds of fish. By comparing the opportunity cost of producing shoes in the two countries, you can tell thatY production of shoes and has a comparative advantage in the production of fish. has a comparative advantage in the_____ Suppose that Greece and Sweden consider trading shoes and fish with each other. Greece can gain from specialization and trade as long as it receives more than than of fish for each pair of shoes it exports to Sweden. Similarly, Sweden can gain from trade as long as it receives more ▼ of shoes for each pound of fish it exports to Greece. your answer to the last question, which of the following prices of trade (that is, price of shoes in terms of fish) would allow both Sweden and gain from trade? . a) 8 pounds of fish per pair of shoes b) 1 pound of fish per pair of shoes c) 15 pounds of fish per pair of shoes d) 3 pounds of fish per pair of shoes
Answer:
a) 8 pounds of fish per pair of shoes
Explanation:
Suppose that Greece and Sweden both produce fish and shoes.
Greece's opportunity cost of producing a pair of shoes is 5 pounds of fish while Sweden's opportunity cost of producing a pair of shoes is 10 pounds of fish.
1. By comparing the opportunity cost of producing shoes in the two countries, you can tell that Greece production of shoes and has a comparative advantage in the production of fish. Sweden has a comparative advantage in the production of fish.
2. Suppose that Greece and Sweden consider trading shoes and fish with each other. Greece can gain from specialization and trade as long as it receives more than than 5 pounds of fish for each pair of shoes it exports to Sweden. Similarly, Sweden can gain from trade as long as it receives more 1/10 of shoes for each pound of fish it exports to Greece.
3. Which of the following prices of trade (that is, price of shoes in terms of fish) would allow both Sweden and gain from trade? .
a) 8 pounds of fish per pair of shoes b) 1 pound of fish per pair of shoes c) 15 pounds of fish per pair of shoes d) 3 pounds of fish per pair of shoes
The answer is a) 8 pounds of fish per pair of shoes because at this price Greece is making more than 5 pounds which is its cost, and Sweden is also benefiting because it is purchasing shoes at a price lesser than it would have produced it, in the bid to be self-reliant.
Kelly Corp. barters with Ace Corporation for goods that are similar in nature and value. The value of the goods was $1,000. The cost of the goods was $400. If Kelly uses IFRS to prepare financial statements, what amount should Kelly recognize as income?a. $1,000
b. $0
c. $400
d. $600
Answer:
B. $0
Explanation:
The International Financial Reporting Standards (IFRS) specifically Internal Accounting Standards (IAS) 18 on revenue specifically states that where there is a barter transaction that is the exchange of goods or services, the transaction will not be recognized as one generating revenue when the goods or the services being exchanged are similar in nature. If it is not recognized as a revenue generating transaction then no revenue will be recognized as well
Since Kelly Corp barters goods with Ace Corporation established to be similar in nature , then according to IFRS Kelly cannot recognize any income on the transaction.
Which of the following scenarios most accurately reflects the concept of scarcity?
1. The steak Henry did not buy because he is a vegetarian.
2. Brett is a farmer with an open field on which he can plant either soybeans or corn.
3. Sienna enjoys viewing flowers in the city garden during her walk.
4. The Smith Household produces an average of three bags of trash a week.
Answer:
2. Brett is a farmer with an open field on which he can plant either soybeans or corn.
Explanation:
Scarcity in economics means the resources available to meet man's needs are limited or scarce.
In brett's case, land is limited, so he has to choose between planting soybeans and corn.
I hope my answer helps you
The best depiction of scarcity is that 2. Brett is a farmer with an open field on which he can plant either soybeans or corn.
What is Scarcity?It refers to the notion that we cannot produce everything we want at a go. It comes as a result of not having enough resources to pursue everything we want.Brett can either plant soybeans or corn and not both. This shows scarcity because he does not have enough resources to plant both of them.
In conclusion, option B is correct.
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If the price of good X increases by 2%, and that causes the quantity demanded of good Y to decrease by 15%, then the cross elasticity of demand for good Y, with respect to the price of good X, is
Answer:
-7.5%
Explanation:
Cross elasticity of demand is the degree of responsiveness of the quantity of a commodity, Y in this case, to the change in the price of another commodity, X in this case.
Cross elasticity of demand is measured as a percentage change in the quantity of commodity Y divided by the percentage in the price of commodity Y. This can be written mathematically as follows:
Ec = % Change in the quantity of commodity Y divided by the percentage in the prie of commodity X.
Where Ec denoted cross elasticity.
Applying the formula to this question, we have
Ec = -15%/2% = -7.5%
Note that under cross elasticity of demand:
1. Two goods are substitute if the value of their cross elasticity of demand is positive. That is, an increase in the price of good one, good X, will lead to an increase in the quantity demand of the second, good Y.
2. Two goods are complimentary if the value of their cross elasticity of demand is negative.That is, an increase in the price of good one, good X, will lead to an decrease in the quantity demand of the second, good Y.
Therefore in this question, goods X and Y are complimentary because the value of their cross elasticity of demand is -7.5% which is negative.
I wish you the best.
The cross elasticity of demand for good Y, with respect to the price of good X, is -7.5, indicating that they are substitute goods.
Explanation:The cross elasticity of demand measures the responsiveness of the quantity demanded of one good (Good Y) to a change in the price of another good (Good X). It is calculated as the percentage change in quantity demanded of Good Y divided by the percentage change in price of Good X.
In this scenario, the price of Good X increases by 2% and this causess the quantity demanded of Good Y to decrease by 15%. Hence, we can use the formula to calculate the cross elasticity of demand:
Cross Elasticity of Demand = % Change in Quantity Demanded of Good Y / % Change in Price of Good X = -15% / 2% = -7.5
This means that for every 1% increase in the price of Good X, the quantity demanded of Good Y decreases by 7.5%. The negative sign indicates that goods X and Y are substitute goods, meaning that as the price of Good X increases, consumers buy less of Good Y.
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The fact that we can walk and chew gum at the same time but tune out the person talking talking next to us illustrates this type of attention: A. dependent attention B. selective attention C. divided attention D. sequential attention
Answer:
C. divided attention
Explanation:
Divided attention is defined as the ability of the brain to perform the two different tasks at the same time or in other words providing the attention to the different tasks at the same time simultaneously and respond to the multiple actions in the surrounding.
This ability of divided attention helps us in attaining more efficiency in our daily life.
On January 8, Lowrence Co. issued a $60,000, 120-day discounted note to Raines Bank. The discount rate is 8%. Assuming a 360-day year, what is the amount of proceeds received?
a. $58,400
b. $55,200
c. $60,000
d. $61,600
Answer:
a. $58,400
Explanation:
A discounted note, will make the person receive a lesser amount than the amount due at maturity. This way the person who grants the note is receiving interest for borrowing.
Calculations
principal x discount rate x time = discount
Where rate and time should be expressed in the same metric IE if the rate is annual express time in portion of years if it is monthly, in months.
60,000 x 0.08 x 120/360 = 1,600
Now, we subtract this amount form the nominal:
nominal - discount = net
60,000 - 1,600 = 58,400
Answer:
On January 8, Lowrence Co. issued a $60,000, 120-day discounted note to Raines Bank. The discount rate is 8%. Assuming a 360-day year, what is the amount of proceeds received?
$55,200
Explanation:
the proceeds received is $55,200 at a discount of 8% of the money issued ($60,000)
Roco Company manufactures both industrial and consumer electronics. Due to a change in its strategic focus, the company decided to exit the consumer electronics business, and in 2016 sold the division to Sunny Corporation. The consumer electronics division qualifies as a component of the entity according to GAAP. How should Roco report the sale in its 2016 income statement?
Answer:
C. As a discontinued operation, reported below income from continuing operations
Explanation:
First, the multiple choices for the question
a. Include in income from continuing operations as a non-operating gain or loss.
b. As an extraordinary item.
c. As a discontinued operation, reported below income from continuing operations.
d. None of the above.
According to General Accepted Accounting Principles (GAAP), the sale of a division that is qualified as component should be reported specially. Furthermore, it also requires that the operations of the component already disposed of or sold should be reported below the revenue reported under continuing operations for the year as a discontinued operation.
Since Roco's consumer electronics business qualifies as a component of the entity then it should be reported as stated by GAAP; specially reported and below income from continuing operations
One of the first steps in corporation process is: drafting a prospectus. drafting bylaws. deciding in which state to incorporate. completing the articles of incorporation.
Answer:
Option "C" is the correct answer for the following statement.
Deciding in which state to incorporate .
Explanation:
There are plenty of advantages of forming a separate business organization or company to run your business, from anonymity to asset protection. Wherever you develop the business matters; certain states are far more accommodating to the sector than others.That when a business does a company within the same single state, it has to enter with the federal government, which implies paying taxes and stuffing out the necessary paperwork.therefore always decide about the state where we wants to starts corporation .
If the income elasticity of demand for good X is negative and the cross-price elasticity of demand between good X and good Y is negative, which of the following must be true of good X
Answer:
Good X is Inferior Good, Good X is complementary good of Good Y.
Explanation:
Demand : Buyers ability & willingness to buy given price - has 4 factors (price of good, income, price of related goods, Taste).
Based on Income : Normal Goods demand vary directly with Income, more demand at higher income & vice versa. Eg: Normal grains like Wheat, Rice. Inferior Goods demand vary inversely with Income, more demand at lower income & vice versa. Eg: Low grade, cheap grains like Bajra.
Price of Related Goods: Related Goods can be Substitutes or Complements. Substitute (interchangeable) goods price are directly related a with good's demand because - substitute price rise makes the good relatively cheap, increases its demand & vice versa. Complementary (together used) goods price are inversely related with a good's demand because - complements price rise makes the product combination expensive, decreases its demand & viceversa. 1st eg: Coke, Pepsi ; 2nd eg: Tea, Sugar.
If income elasticity of demand for good X is negative : implies it varies inversely with Income - It is an Inferior Good
If Cross Price Elasticity of demand between good X and good Y is negative : Implies Y's prices & X's demand vary inversely - Both are complements of each other.
If good X has negative income elasticity of demand, it is an inferior good. Demand for it decreases as income increases. If it has negative cross-price elasticity of demand with good Y, these are complementary goods, usually consumed together.
Explanation:If the income elasticity of demand for good X is negative, it suggests that good X is an inferior good. Inferior goods are those for which demand decreases as income increases. In other words, the less money people have available, the more likely they are to buy inferior goods.
If the cross-price elasticity of demand between good X and good Y is negative, it implies that goods X and Y are complementary goods. Complementary goods are products that are usually consumed together. If the price of one good goes up, the demand for both goods usually drops.
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The four most common examples of documentary evidence which are valuable but difficult to obtain are
a. Web-based e-mail accounts, private bank records, tax returns, and brokerage records.b. Sample analytical reports, photographs and videos, tax returns, and SEC filings.c. Office e-mail accounts, private bank records, maps and diagrams, and sample analytical reports.d. Photographs and videos, private bank records, tax returns, and brokerage records.
Answer:
A) Web-based e-mail accounts, private bank records, tax returns, and brokerage records.
Explanation:
Generally a third party needs a court order (subpoena) in order to obtain private information, but that information is extremely useful when you are investigating possible frauds or other illegal activity. For example, most people keep their money on a bank or they invest it some type of asset, so if you want to compare someone's earnings vs. the total assets he/she possesses, access to their bank account, tax and brokerage records is crucial.
When companies are trying to meet the shareholders' and general public's demands to act more ethically and environmentally responsible, they are recognizing the importance of _____.
Answer:
corporate social responsibility (CSR)
Explanation:
Social Responsibility is the interaction between business and the social environment in which it exists.
the Stakeholder Perspective to CSR is
Social Responsibility : which Relates to the obligation of business to society.
Ethics : Ethical issues are most relevant at an individual level, for ethics are maintained by people.
there are three perspective to corporate social responsibility, which include:
1. Economic Perspective : The responsibility of business is to make a profit within the “rules of the game.” Organizations cannot be moral agents: Only individuals can serve as moral agents.
2. Public Responsibility : Businesses should act in a way that is consistent with society’s view of responsible behavior, as well as with established laws and policies.
3. Social Responsiveness : Business should proactively seek to contribute to and improve society in a positive way.
Motor Sports, Inc., sues A-Z Speed. Motor Sports alleges that A-Z breached (failed to perform) a contract that required A-Z to sell ten Jet Skis to Motor Sports. Under the rules governing discovery, Motor Sports is most likely entitled to obtain ______
Answer:
Documents related to the contract
Explanation:
When a contract is made between parties they usually sign an agreement. The reason to sign an agreement is if one tries to breach the contract they can sue them with prove. In the above scenario, motor Sports Company has sued A-Z sports and alleges that A-Z sports have breached a contract. Under the rules governing discover, the court will permit motor sports to obtain the documents related to the contract.
When conducting a SWOT analysis, Martha would need to identify strategies that take advantage of the Coffee Collective's ________while avoiding __________.
a) strengths and opportunities; weaknesses and threats
b) strengths and weaknesses; opportunities and threats
c) opportunities; threats
d) strengths; weaknesses
e) weaknesses; threats
Answer:
Martha would need to identify strategies that take advantage of the Coffee Collective's strengths and opportunities while avoiding weaknesses and threats.
The answer is a.
Explanation:
A SWOT (strengths, weaknesses, opportunities and threats) analysis is a business study that takes into account all the factors that could affect the successful execution and profitability of a business project. That is what Martha would need to do in this case.
_________ is selling below cost with the intention of punishing a competitor or gaining higher long-run profits by putting competitors out of business.
Answer:
Predatory pricing
Explanation:
Predatory pricing is a pricing strategy of selling below cost with the intention of punishing a competitor or gaining higher long-run profits by putting competitors out of business. It is in violation of anti trust laws . It also predisposes an industry to becoming a monopoly because if successful, the firm carrying out predatory pricing would chase away other firms in the industry. Predatory pricing can also lead to price wars.
I hope my answer helps you
Which dimension of project management centers on creating a temporary social system within a larger organizational environment that combines the talents of a divergent set of professionals working to complete the project?
Answer:
Sociocultural
Explanation:
Sociocultural dimension of project management focuses on the organization culture that is set of values, assumptions, behaviors shared by organizational members.
The dimension of project management that focuses on building a temporary social system for diverse professionals to collaborate on a project is encompassed in organizational psychology. It emphasizes on a team-based approach, where equity and effective leadership play crucial roles in shaping a project's success by fostering an environment of collaboration and fair distribution of responsibilities.
Explanation:The dimension of project management which centers on creating a temporary social system within a larger organizational environment that combines the talents of a divergent set of professionals working to complete the project is often rooted in organizational psychology. This field studies how individuals and teams operate within organizations, and it takes into account how to optimize human behavior in work settings. The aim is to create a well-functioning team that is capable of handling complex tasks by capitalizing on diverse skills, experiences, and expertise. Establishing such a system requires an understanding of social systems, effective communication, and robust leadership capabilities, often necessitating a team-based approach and long periods of interpersonal relationship building.
The complexities inherent in team dynamics are influenced by several factors, such as technological advances, economics, globalization, and changing workplace demographics. This necessitates organizations to be agile and adapt by facilitating work through diversified teams, rather than on an individual basis. These teams are formed to accomplish specific tasks with the collaboration of multi-disciplinary professionals who work within the broad framework of the organization's social structure. Success in this context is linked to the equity among stakeholders and the transparent, fair distribution of responsibilities and benefits, which directly impacts the efficiency and productivity of these teams. Therefore, it is imperative for leadership to actively participate in and understand every aspect of a project to maintain a balanced and equitable social system, fostering an environment that is conducive for all professionals to contribute substantially towards the project's completion.
Country A and Country B both recorded an increase in real GDP of 5 percent per year from 1980 to 2012. During this time, the population for Country A grew at 6 percent per year and the population for Country B grew at 4 percent. Which of the following is true during this period?
Answer:
D) per capita GDP decreased for country A only
Explanation:
Per capita GDP is calculated by dividing total GDP by the total population of the country. If the population of the country grows faster than its GDP, then its GDP per capita will decrease.
For example, country A's GDP is $100, and it has 20 citizens, so its GDP per capita for year 1 = $100 / 20 = $5. If the economy grew by 4% and the population grew by 5%, then the GDP per capita on year 2 will = $104 / 21 = $4.95.