Answer:
$1,680
Explanation:
Data provided in the question:
Purchasing cost = $7,000
Useful life = 5 years
Salvage value = $1,200
Now,
Rate of depreciation using double declining method
= 2 × [ 1 ÷ Useful life ]
= 2 × [ 1 ÷ 5 ]
= 0.4
Therefore,
Depreciation expense for the year 1 = Rate of depreciation × Purchase cost
= 0.4 × $7,000
= $2,800
Thus,
Book value for the year 2 = cost - Depreciation expense for the year 1
= $7,000 - $2,800
= $4,200
Thus,
Depreciation expense for the year 2
= Rate of depreciation × Book value for the year 2
= 0.4 × $4,200
= $1,680
To calculate the second year's depreciation expense using the double-declining-balance method, double the straight-line rate (40%) and apply it to the book value at the beginning of the second year ($4,200). This results in a depreciation expense of $1,680 for the second year.
Calculating Depreciation Using Double-Declining-Balance Method
To calculate the depreciation expense for the second year using the double-declining-balance method for Marlow Company's point of sale system, we first need to determine the depreciation rate. The double-declining-balance method involves doubling the straight-line depreciation rate. Since the point of sale system has a useful life of 5 years, the straight-line depreciation rate is 1 / 5, or 20%. Accordingly, the double-declining rate is 40%.
Next, we calculate the second year's depreciation. In the first year, the depreciation would be 40% of $7,000, which equals $2,800. The book value at the end of the first year would then be the original cost minus the first year's depreciation ($7,000 - $2,800 = $4,200). For the second year, we again apply the 40% rate, but this time to the book value at the beginning of the second year, which is $4,200. The second year's depreciation would therefore be 40% of $4,200, or $1,680.
It is important to note that the salvage value is not considered in the annual calculation of depreciation expense using the double-declining method until the book value reaches the salvage value. At that point, depreciation stops to ensure that the book value does not fall below the salvage value.
An investor has a portfolio of blue-chip stocks and anticipates stability in the market with the possibility of minor declines. This investor decides to write covered calls on the securities held in the portfolio. What is the result of this action?[A] The investor gains leverage on the underlying security by writing options contracts.[B] The investor is guaranteed not to lose premiums on the positions because the options are covered.[C] The investor can expect exercise notices on the calls if the price of securities held in the portfolio goes down.[D] The investor can expect income from the premiums received when selling the covered calls.
Answer:
D) The investor can expect income from the premiums received when selling the covered calls.
Explanation:
When an investor sells covered calls, but believes that the market will remain very stable, he/she is making money by selling the calls since they shouldn't be used. By selling the calls the investor is not gaining leverage and probably will end up not selling the stocks.
If the stock prices decrease, the options will expire and if the price increases, the investor would end up selling the stock and maybe even losing money. But the key factor is that the stock price should remain stable, therefore the investor earning from selling something he/she believes is useless to other investors.
Kelvin is an agent for Lookout Mountain Accountants, Inc. On Lookout's behalf and at its request, Kelvin pays Nerdlinger for custom software designed for the management of Lookout's services. Kelvin's right to obtain the amount of those payments from Lookout arises under the principal's duty of.
Answer:
D) reimbursement.
Explanation:
The principal's duty to reimburse states that the principal must reimburse the agent all the reasonable expenses that he/she incurred in while performing his/her duties. The costs that should be reimbursed include: travel costs, meals, lodging, incidental expenses, etc.
The amount that Kelvin paid Nerdlinger is considered a reasonable expense since it will benefit Lookout Mountain Accountants, therefore the principal must reimburse the payment.
"The correct answer is: The principal's duty of indemnification.
In the given scenario, Kelvin is acting as an agent for Lookout Mountain Accountants, Inc. (the principal). When an agent makes payments on behalf of the principal and at the principal's request, the principal has a duty to indemnify the agent for those payments.
This means that the principal is obligated to reimburse the agent for any expenses or liabilities incurred while carrying out the principal's instructions.
The duty of indemnification is a fundamental aspect of the agency relationship. It ensures that agents are not left out of pocket for legitimate expenses they incur in the course of their agency duties. In this case, since Kelvin paid Nerdlinger for custom software at Lookout's request, Kelvin has the right to be indemnified by Lookout for the amount paid.
When Whitney took over her father's sporting goods store, she evaluated some of her father's vendor relationships. She found that Rodney's Exercise Wear wasn't particularly profitable for the store. Although committed, his products were expensive, and he seemed inflexible. Whitney tried to work out a more amicable relationship with him by discussing her sales goals and new ideas for the coming year, but Rodney seemed uninterested. Which of the following elements crucial for maintaining strategic relationships is absent in the given example?
Answer:
Open Communication
Explanation:
In business, open communication is really the capacity of anyone to obtain, access and share communication resources on one level in order to provide value-added facilities on yet another level in a layered communication system architecture under equal conditions with a transparent relationship between cost and pricing.
It is important for business because it encourages your staff to become more involved and recognize that what they are doing counts to business success.
3M's Cubitron II, described as "an industrial abrasive that cuts faster, lasts longer, sharpens itself, and requires less elbow grease than any other abrasive on the market" is an example of:
a. a(n) innovation created through a cooperative strategy.
b. imitation of a competitor's product.
c. an incremental innovation.
d. a novel innovation.
3M's Cubitron II is a novel innovation in industrial abrasives, offering unparalleled efficiency and self-sharpening technology that distinguishes it from competitors. The correct answer is d. a novel innovation.
3M's Cubitron II is an example of a novel innovation. Novel innovations represent significant leaps forward in technology or process, offering features and benefits not previously available, such as advanced cutting speed, longer lifespan, self-sharpening capabilities, and reduced physical effort compared to other abrasives on the market. These innovations often disrupt their respective industries by setting new benchmarks for performance and efficiency. The description highlights several key features that differentiate Cubitron II from other abrasives on the market, such as its ability to cut faster, last longer, sharpen itself, and require less effort. These features suggest a significant advancement or breakthrough in abrasive technology, making it a novel innovation.
Which NIMS Management Characteristic includes developing and issuing assignments, plans, procedures, and protocols to accomplish tasks?
A. Manageable Span of Control
B. Comprehensive Resource Management
C. Modular Organization
D. Management by Objectives
Management by objectives includes developing and issuing assignments, plans, procedures and the protocols to accomplish the tasks.
Answer: Option D
Explanation:
NIMS stands for National Incident Management System. NIMS is responsible for providing nation wide frame work and the approach to enable the government at all the levels which are the Federal, state and the local level of Government.
Among the Management characteristic of the NIMS, Management by objectives is responsible for developing the assignments. Along with this it also issues the assignments which are made to achieve certain important tasks. It makes plans and the protocols which are the rules and regulations required to accomplish the tasks. These are done with the help of proper procedures and it has to be followed.
NIMS Management Characteristic includes developing and issuing assignments, plans, procedures helps management by Objectives.
What is National Incident Management System?This is a body put together by American government to help management incident such as disaster including natural.
There are several characteristic that helps to ensure efficient running of the system to accomplish the necessary objective and goal.
Therefore, NIMS Management characteristic includes developing and issuing assignments, plans, procedures helps management by Objectives.
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A small company is setting up a new remote satellite office. Employees in the remote office need to access network resources from the main office of the company. An IT manager is deciding whether to deploy thin or thick clients at the remote office. What is the key technical factor to be considered?
Final answer:
The key technical factor to consider when deciding between thin and thick clients at a remote office is network bandwidth.
Explanation:
The key technical factor to be considered when deciding whether to deploy thin or thick clients at a remote office is the network bandwidth. Thin clients rely heavily on network resources as most of the processing is done on the server, while thick clients have more processing power and can handle tasks locally. If the network bandwidth is limited, thin clients may lead to performance issues as they require constant communication with the main office to access resources. On the other hand, if the network bandwidth is sufficient, thin clients can be a cost-effective solution as they require less hardware and are easier to maintain.
Final answer:
The key technical factor in deciding between thin and thick clients for a new remote satellite office is the quality of the network connection to the main office, considering aspects like reliability, bandwidth, and security. This fits into larger strategic IT decision-making about centralization versus decentralization and requires input from both IT and business managers.
Explanation:
When deciding between deploying thin clients or thick clients in a new remote satellite office, the key technical factor to consider is the quality of the network connection between the remote office and the main office. Thin clients rely heavily on a strong, consistent network connection because they primarily run applications and process data that are stored on servers at the main office. Thick clients, on the other hand, have more local processing power and storage, which allows them to function more autonomously from the central servers.
The IT manager must consider factors such as network reliability, bandwidth, and latency, as these will impact the performance of the thin clients. Another consideration is data security, as a robust network connection to the main office is also a pathway through which security threats could travel. Therefore, the choice between thin and thick clients should be based on a balance of network infrastructure capabilities and security measures.
This decision should also align with the organization's strategic IT goals, whether that be centralization for cost efficiency and synergy, or decentralization for innovation and rapid response to market changes. Insightful collaboration between IT and business managers can lead to better decision-making in this regard.
Business Cycles can be divided between the ________, the maximum points of economic activity, and the troughs, the lowest points of business activity.
Answer:
Peaks
Explanation:
In a business cycle, which comprises of a series of high economic activity periods and low economic activity periods, the maximum points of economic activities are called peaks while the lowest points are called troughs.
At peak economic activity, GDP growth is usually the highest in the business cycle and is accompanied by very high employment rate.
In order for a country to progress from a less developed country (LDC) to a moderately developed country (MDC), the country would have to:_________.
a) stationary sources and volcanoes.
b) construction and transportation.
c) incinerators and transportation.
d) raise the per-capita income.
Answer:
d) raise the per-capita income
Explanation:
A less developed country is a country with a low per capita income. They usually don't have a sustainable development.
A moderately developed country is a country that has a per capita income of between $1000 - $12,000.
Per Capita income = GDP / population
I hope my answer helps you.
Quantities $r$ and $s$ vary inversely. When $r$ is $1200,$ $s$ is $0.35.$ What is the value of $s$ when $r$ is $2400$?
Answer:
0.175
Explanation:
Data provided in the question:
r and s vary inversely
Mathematically, we can represent the relation as
rs ∝ 1
or
rs = k ............(i)
here,
k is the proportionality constant
when,
r = 1200 ; s = 0.35
thus,
1200 × 0.35 = k
or
k = 420 ...............(ii)
similarly for case when r = 2400
rs = k [ From (i) ]
2400s = 420 [ value of k from (ii) ]
or
s = 0.175
In a free market economy, firms operating in a perfectly competitive industry are said to have only one major choice to make. Which of the following correctly sets out that choice?
A. what quantity to produce
B. what price to charge
C. what quantity of labor is needed
D. what quality to produce
Answer:
The correct answer is D. what quality to produce.
Explanation:
The world of perfect competition is a world of price-acceptors. A perfectly competitive company sells a homogeneous product (identical to that sold by others in the industry). It is so small in relation to its market that it cannot influence the market price; Just consider it given. When a farmer sells a homogeneous product such as wheat, it is sold to a large number of buyers at the market price of the quintal. In the same way that consumers must generally accept the prices charged by Internet providers or cinemas, so competitive companies must accept the market prices of the wheat or oil they produce.
Banks work to earn a profit by selling financial services Group of answer choices True or false?
Answer:
True
Explanation:
Financial services are the activities rendered by any financial institution such as the banks to their customers. Most of the services are done at a fee that makes the main source of revenue for banks. The revenue is spent to pay the overall expenses of the bank. If the expenses are lower than the revenue, a bank makes profit. If expenses exceed revenue, a bank makes loss which is not mostly the case. Therefore, it is true to say that banks work to earn a profit by selling financial services.
An investment adviser representative (IAR) is engaged in options trading. The IAR decides that a fair charge for his services would be 7% per month of the assets under management. In order to do so, the IAR will disclose all fees and charges in both the advisory contract, signed by clients, and Form ADV. The IAR thinks that by the dual disclosure, he is acting appropriately. Is the IAR acting appropriately
Answer:
No, because the commission is excessive.
Explanation:
Financial advisers typically charge 0.5% to 1% of total portfolio per year. In this case this financial adviser would be charging 84% per year, and that is extremely excessive.
Commissions that exceed 1% per year are considered high, although if they are slightly above that range they are still considered legal.
Final answer:
The IAR's decision to charge a 7% monthly fee, even with full disclosure, is not in line with industry standards of around 1% annually and may not be appropriate. This fee is substantially higher than average mutual fund and retirement account management fees. Additionally, there is no evidence that such high fees correlate with superior performance in investments.
Explanation:
Whether the Investment Adviser Representative (IAR) is acting appropriately in charging a 7% monthly fee for options trading services, despite disclosing all fees and charges in the advisory contract and Form ADV, is questionable. The industry norm, as described in LibreTexts and observed in mutual funds like those from Vanguard, typically involves management fees that are quite lower than the proposed 7%. Typically, investment advisors charge fees around 1% of the asset value, while mutual fund fees tend to be one-tenth of 1%. Additionally, many retirement funds charge a nominal administrative fee each year, such as 0.25%, to manage assets. The proposed fee is not only significantly higher than the average mutual fund fee, but it may also not be viewed favourably by clients or regulatory bodies considering the fees' impact on investment performance. Historical data indicates that, on average, financial advisors do not consistently beat the market, raising questions on the justification for such high fees. Furthermore, the underperformance of investments like hedge funds, coupled with their high fees, has earned criticism for transferring wealth from investors to fund managers.
Nutrimax Corp., a breakfast cereal company, has designed extensive and elaborate advertising campaigns for its existing products. The campaigns mainly focus on the features and benefits of the products that differentiate the cereals from the competition. Nutrimax Corp. is most likely to be using which of the following strategies?
a. Market penetrationb. Product developmentc. Product proliferationd. Market developmente. Capacity control
Answer:
a. Market penetration
Explanation:
Market penetration strategy is a product promotion approach through which a company seeks to gain a greater share in markets it already operates. The strategy is used to increase sales volumes in existing markets.
Market penetration applies where similar goods and services exist. A company uses the low-price technique or present its products as superior as compared to those of its rivals. The objective is to draw customers' attention to the company's products. Advertising using special features and benefits presents the products as unique and superior, thereby attracting customers' attention.
True or False. The primacy effect refers to the tendency to recall the items at the beginning and end of a list better than the items in the middle.
Answer:
The correct answer is the option: False.
Explanation:
To begin with, the primacy effect, in the fields of psichology and sociology is known as a cognitive bias and is part of a serial-position effect among with the recency effect. Moreover, the term refers to the tendency to recall the information at the beginning only of a list better that the information in the middle and at the end of that same list.
Secondly, the recency effect is the one that establishes that a person tends to recall the items at the end better that the items at the beginning or middle.
Which of the following statements is not correct?
A) In a long-run equilibrium, marginal firms make zero economic profit.
B) To maximize profit, firms should produce at a level of output where price equals average variable cost.
C) The amount of gold in the world is limited. Therefore, the gold jewelry market probably has a long-run supply curve that is upward sloping.
D) Long-run supply curves are typically more elastic than short-run supply curves.
Answer:
B) To maximize profit, firms should produce at a level of output where price equals average variable cost
Explanation:
Firms maximize their profit by equating Marginal revenue with The Marginal cost. So, since for perfectly competitive firms, the price equals the Marginal revenue, for these firms profit is maximized by equating Price with Marginal cost not the average variable cost.
The statement 'To maximize profit, firms should produce at a level of output where price equals average variable cost.' is incorrect. Instead, to maximize profit, firms should produce where marginal cost equals marginal revenue.
Explanation:The statement B) 'To maximize profit, firms should produce at a level of output where price equals average variable cost.' is not correct. To maximize profit, firms should produce at a level of output where marginal cost equals marginal revenue, not average variable cost.
The other statements A) 'In a long-run equilibrium, marginal firms make zero economic profit,' C) 'The amount of gold in the world is limited. Therefore, the gold jewelry market probably has a long-run supply curve that is upward sloping,' and D) 'Long-run supply curves are typically more elastic than short-run supply curves' are correct as per standard economic theory.
Statement A refers to the characteristic of a perfectly competitive market where in the long run, firms make zero economic profit because any profit opportunities are eroded by the entry of new firms.
Statement C is correct because when the supply of a resource is limited, increasing the output of products using that resource becomes costlier, causing the supply curve to slope upwards.
Statement D illustrates that in the long run, firms have more flexibility to adjust to changes, making the supply more elastic.
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Assume the following information for Thomas Company:
Deluxe Chair:
Contribution margin per chair = $80
Machine hours to produce 1 chair = 2 hours
Executive Chair:
Contribution margin per chair = $90
Machine hours to produce 1 chair = 4 hours
Machine hours is the constraint resource.
What is the contribution margin per machine hour?
Well if you want to know that you have to do this:
-----------------------------------------------------------------------------
Margin per chair = $80
Machine hours to produce 1 chair = 2 hours
Multiply: 80 x 2 = 160
Deluxe Chair: 160
------------------------------------------------------------------------------
Margin per chair = $90
Machine hours to produce 1 chair = 4 hours
Multiply: 90 x 4 = 320
Executive Chair: 320
--------------------------------------------------------------------------------
Contribution Margin: $90 and $80
Add: 90 + 80 = 170
Contribution Margin: $170
---------------------------------------------------------------------------------
Machine Hours: 2 and 4
Add: 2 + 4 = 6
Machine Hours: 6 hours
---------------------------------------------------------------------------------
So, their is $170 contribution margin per 6 hours.
Hope this helps XD
Galen and Leslie are directors, but not officers, of Tropical Travels, Inc. Tropical Travels becomes embroiled in a controversy over airline kickbacks. As directors, Galen and Leslie can be named in any lawsuit that may result from the company's actions. Because of their right of.
Answer: indemnity
Explanation: Indemnity is a legal obligation by one side (indemnifier) to make up for the loss to the other side (indemnity holder) as a consequence of the actions of the indemnifier or another person.
Generally, but not always, the requirement to indemnify is synonymous with the contractual obligation to "keep harmless" or "protect harmless."
Indemnities lay the foundation of several insurance policies; for example, various types of insurance might be obtained by a vehicle owner as compensation for various types of injury resulting from car services, such as damage to the vehicle itself, or medical costs due to an accident.
When shopping for clothing such as shirts and jeans, Tyrone only buys products from Eastern Clothing Company even if there are several other companies that offer similar products at lower prices. Tyrone's preference for Eastern Clothing Company demonstrates:_____________.
(A) lack of demand.
(B) bargaining power.
(C) risk of entry.
(D) brand loyalty.
(E) lack of economies of scale
Answer:
D) brand loyalty
Explanation:
The Eastern Clothing Company represents a brand and Tyrone‘s preference for clothing from that company represents his loyalty towards the brand.
Final answer:
Tyrone consistently choosing Eastern Clothing Company for his clothing purchases, even when there are less expensive alternatives, exemplifies brand loyalty, a common phenomenon in monopolistically competitive markets.
Explanation:
Tyrone's preference for only buying products from Eastern Clothing Company despite there being several other companies that offer similar products at lower prices demonstrates brand loyalty. This concept is key in a monopolistically competitive market, where products are highly differentiated and consumer loyalty can serve as a barrier to entry for other firms. Brand reputation that has been built up over many years can make consumers less sensitive to price changes, and more attached to a certain brand, often perceiving the goods to be different for reasons that surpass just the price.
Suppose that in the coming year, you expect Exxon-Mobil stick to have a volatility of 42% and a beta of 0.9, and Merck's stock to have a volatility of 24% and a beta of 1.1. The risk free interest rate is 4% and the market's expected return is 12%.
Answer:
Which stock has the highest total risk?
Exon Mobil has a higher risk
Explanation:
Exon Mobil has a higher risk because it has a volatility of 42% which is higher than the 24% volatility of Merck's stock. The stock with a higher volatility is more riskier as it's returns are less stable and deviate from the mean more. Although Exxon has a lower Beta then Merck we cant call it less riskier because Beta only explains how the price of the stock move in relation to the market but does not explain all the risks of the stock, where as volatility takes into account all the risks of a stock.
A closing is set for March 15, the next tax payment is due April 1. How many months of escrow can the lender take for taxes?
Answer
the correct answer is three month
The Iowa legislature passed a law banning trucks 65 feet long or longer from operating on its roads and highways because big trucks do more damage to roads than smaller trucks and are involved in more serious accidents. Consolidated Freightways (CF) drove big trucks through Iowa on a regular basis, and these trucks were legal in other states. Switching to smaller trucks for trips through Iowa was inconvenient and costly. CF filed a lawsuit contending that the statute was unconstitutional. The court most likely found that the Iowa statute was:
Answer:
unconstitutional under the "dormant" commerce clause.
Explanation:
The Commerce Clause (Article 1, Section 8, Clause 3 of US Constitution) state that Congress has the power "to regulate commerce with foreign nations, and among the several states, ..."
The dormant commerce clause refers to limitations on state powers, which cannot pass any law that excessively burdens or discriminates against interstate commerce. Only Congress has the power to regulate interstate commerce.
Employees with _____, in which work output is exchanged back and forth among individuals, should be organized into teams to facilitate coordination in their interwoven relationship.
Answer: Reciprocal Interdependence.
Explanation:
Reciprocal Interdependence is a working situation in which the output of a department of an organization forms the direct input used by another department in the same organization.
In organizations functioning with reciprocal interdependence, the various departments have to form strong interwoven relationship to increase effectiveness and productivity.
Jonas enters into an oral contract with Chelsea to lease $ 100,000. Chelsea pays his house to her for him $100,000 and moves in. A month later, Jonas learns that his state requires contracts for the lease of goods with payments of $1,000 or more to be in writing. Which of the following options does either party have?
1. Jonas can evict Chelsea as the contract does not comply with the Statute of Frauds and is hence void.
2. The contract cannot be rescinded by either party as it has already been executed.
3. Chelsea can rescind the contract on the grounds of noncompliance with the Statute of Frauds
4. Jonas can rescind the contract on the grounds of noncompliance with the Statute of Frauds.
Answer: The contract cannot be rescinded by either party as it has already been executed.
Explanation: A contract is a binding agreement that is enforced by the law in some ways.
Their prior ignorance before the contract was made cannot affect future discoveries.
Anyone of them that goes beyond the contract will/can get sued.
With regard to health and safety at workplace, _____ can be defined as the probability of harm. a. obstacles b. impediments c. risks d. barriers
Answer:
c. risks
Explanation:
Risk is the exposure to dangerous conditions or the possibility of getting injured or incurring a loss. The term risk is used in many disciplines to express potential hazardous situations. There exist financial risks associated with investments, safety and health risks, and other risks such as the loss of employment.
In the workplace, there is always the probability of suffering injuries while performing official duties. Machines, equipment, and tools have the potential to inflict severe bodily damages or fatalities in the workplace. The possibility of suffering injuries a risk to the workers.
The repurchase at a premium of the target firm's shares that were acquired by the aggressor firm in a hostile takeover in exchange for an agreement that the aggressor will no longer target the company for takeover is called:
a. a standstill agreement.
b. a poison pill.
c. greenmail.
d. crossing the palm with silver.
Answer:
c. greenmail.
Explanation:
A greenmail is the repurchase at a premium of the target firm's shares that were acquired by the aggressor firm in a hostile takeover in exchange for an agreement that the aggressor will no longer target the company for takeover.
A greenmail is a form of post offer take over defense. A post offer take over defense is put in place when a hostile takeover attempt has already occurred.
A poison pill is a pre take over defense. A poison pill is when a shareholder buys a certain percentage of shares that exceeds ownership level set by the company, other shareholders are allowed to buy shares at a discount.
I hope my answer helps you
Paul, who runs a retail jewelry store, went with Jane, to whom he was engaged to be married, to a wholesale jewelry store. Paul had no express, written agreement with Jane by which she was his agent. The wholesaler jeweler, Pam, asked Paul if Jane was buying for him. Paul did not want to embarrass Jane so he nodded in agreement. A few minutes later Paul whispered to Jane, outside the hearing of the wholesaler, that she should not make any purchases. Paul and Jane had a big disagreement over money that evening, and Jane broke off their engagement. The next day Jane went back to the wholesale jeweler and purchased a string of pearls for $2,000. Jane also purchased a fur jacket for $3,000 from a store, owned by Harry, that was next door to the jewelry store. She told Harry that Paul wanted a fur for a model in his store and that Paul would be glad to pay Harry for the jacket.Which of the following is the most likely result if Pam, the wholesaler jeweler, sues Paul for the price of the pearls?A. Pam will lose because it was her responsibility to ask Paul for written documentation that Jane was his agent.B. Pam will win only if she can show that through reasonable investigative efforts on her part Jane cannot be located.C. Pam will win assuming that she can prove that she reasonably believed, based on Paul's conduct, that Jane was acting as his agent.D. Pam will win only if she can show that Jane has no assets with which to pay for the necklace.E. Pam will lose unless it can be established that Jane at some time in the past had actual authority to act as Paul's agent.
Answer:
C) Pam will win assuming that she can prove that she reasonably believed, based on Paul's conduct, that Jane was acting as his agent.
Explanation:
A principal-agent relationship can be created through expressed agency, implied authority, apparent agency, and ratification.
When the principal leads a third party to believe that someone is acting as his/her agent, it is called apparent agency. Apparent agency is valid even if the principal has made no agreement with the "agent".
Therefore if Pam can prove that Paul lead her to believe that Jane was in fact working for him, then Pam will win the lawsuit.
_________ refers to an increase in some quantity over time.
Answer:
Growth
Explanation:
Growth is an increase in quantity and complexity of an organism over time.
In cells, growth occurs by a process known as mitosis. Mitosis is when a cell reproduces identical daughter cells.
I hope my answer helps you.
Which sentence correctly describes the GDP of a country? Ava is an assistant to a bureaucrat. She is preparing a report on the GDP of the country.
(She finds that the GDP is low this year.)
(She concludes that the country’s output of goods and services is very high.)
(She uses the income-based approach to calculate the GDP.)
(According to the approach, she considers the expenses incurred annually as the GDP.)
(She classifies the earnings of partnership firms as mixed income.)
(She categorizes employee wages as operating surplus.)
Final answer:
The GDP of a country measures the total economic activity and includes the monetary value of all goods and services produced within a given year. The GDP can be calculated using the Expenditure Approach by totaling spending on goods and services, or the National Income Approach by adding up all the income earned. A low GDP indicates a lower economic performance, not a high one.
Explanation:
The Gross Domestic Product (GDP) of a country is a comprehensive measure of its economic activity. It represents the total monetary value of all goods and services produced within a country's borders in a given year. There are several ways to calculate GDP, with two primary approaches: the Expenditure Approach and the National Income Approach.
The Expenditure Approach sums up total spending on final goods and services in the economy. On the other hand, the National Income Approach adds up all the income earned by factors of production, which includes wages and salaries for labor, interest and dividends for capital, rent for land, and profit to entrepreneurs.
Accordingly, it is incorrect to conclude that the country's output of goods and services is very high if the GDP is found to be low. Instead, a low GDP suggests that the country's economic production and performance are not at their full potential. Moreover, classifying the earnings of partnership firms as mixed income is correct, but employee wages should not be categorized as operating surplus—they are part of the compensation of employees.
Final answer:
The GDP of a country is a measure of its economic activity within its borders and can be calculated using either the income or expenditure approach, where a low GDP suggests a lower output of goods and services. GDP can be calculated by summing up total incomes of the factors of production or by adding consumption, investment, government spending, and net exports (GDP = C + I + G + (X - M)). Expenses incurred are not considered part of GDP.
Explanation:
The Gross Domestic Product (GDP) of a country can be described in many ways, but fundamentally, it is a measure of the economic activity within a country's borders. Ava, as an assistant to a bureaucrat working on a report regarding GDP, might conclude that if the GDP is low, it suggests that the country's output of goods and services is relatively low, not high. To calculate GDP, Ava could use different methods, including the income-based approach or the expenditure approach. The former totals up all incomes earned by factors of production (labor, capital, etc.) within a country during a year, and may classify the earnings of partnership firms as mixed income, whereas employee wages are usually categorized as compensation of employees, not operating surplus.
Using the expenditure formula GDP = C + I + G + (X - M) helps in understanding the contribution of consumption (C), investment (I), government spending (G), and net exports (X - M) to the GDP. It is important for Ava to know that the GDP measures the value of goods and services produced and does not directly include expenses as they are not a measure of output.
A perpetual record of a raw materials item that records data on the quantity and cost of units purchased, units issued for use in production, and units that remain in the raw materials inventory, is called a(n):_____________
A. Materials ledger card.
B. Materials requisition.
C. Purchase order.
D. Materials voucher.
E. Purchase ledger.
Answer:
The correct answer is A. Material Ledger Card.
Explanation:
A materials ledger card is a subsidiary record of a raw materials item that stores data on the quantity and cost of units purchased, units issued for use in production, and units that remain in the raw materials inventory.
In other words, it is record of how many units of raw materials are ordered from vendors, how many units are in storage, and how many have been transferred to the production line.
Tiffany Crowe works as a showroom executive at a clothing boutique in London. Today, she is in a positive mood and instantly greets and smiles at a customer who walks into the store. The customer feels welcomed by her response. While browsing the store, Crowe helps the customer with products and passes on her positive mood to the customer. The customer leaves the store feeling content with a smile on her face.
Which of the following best describes this situation?
A) emotional contagion
B) positivity offset
C) cognitive dissonance
Option A, Emotional contagion
Explanation:
The concept of emotional contamination in one person is the direct activation of similar emotions and actions in others.
Feelings may be conveyed indirectly or directly through individuals in several different ways.
There's also important evidence that people display feelings associated with other people's facial, auditory and postural gestures. If you imitate the body, you will hear what you say. Then, you feel what another person feels.