Answer:
a. Housing prices are down.
c. Less demand means more options for buyers.
d. Less demand means less competition with other buyers.
Explanation:
A recession is a decline in economic activities in a country, characterized by rise in unemployment, fall in income, and fall in aggregate demand.
During recession because of fall in purchasing power, and decline in aggregate demand, prices naturally will fall and housing prices will fall as well.
A recession is characterized by accumulation of inventory, availability of many unsold stock means more options for buyers.
Fall in demand as a result of lack of purchasing power during recession means less competition with other buyers.
Answer:
a. Housing prices are down.
c. Less demand means more options for buyers.
d. Less demand means less competition with other buyers.
Explanation:
During a recession in the economy, the aggregate demand is on a lower side. This makes the housing prices lower. Lower prices due to lower demand, imply more options for the buyers. Lower demand indicates less competition with other buyers for a buyer.
Hence, all (a), (c) & (d) are the main solutions to the problem, that's why it's easier to get a mortgage.
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.
The Washington, D.C.-based Heritage Foundation survey consists of over 178 countries ranked by degree of economic freedom. The key economic variables considered for this ranking include all of the following except:
Answer:
percent foreign ownership.
Explanation:
The twelve freedoms included in the Heritage Foundation of Economic Freedom index are divided into four main categories:
Rule of law
Property rights Judicial effectiveness Government integrityGovernment size
Tax burden Government spending Fiscal healthRegulatory efficiency
Business freedom Labor freedom Monetary freedomOpen markets
Trade freedom Investment freedom Financial freedomGiving 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.
From your reading of the chapter's opening case, ACH Food Companies implemented new information systems in order to achieve which of the following business objectives?
A) customer and supplier intimacy
B) operational excellence
C) survival
D) improved decision making
E) new products and services
Answer:
B) operational excellence
Explanation:
Operational excellence refers to executing your business strategy better than your competitors. In other words, it means operating your company more efficiently. The only way that you can check if you achieved operational excellence is by comparing your results with the results of your competitors. If your company performs better, your results must be better also.
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.
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.
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.
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
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)
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.
ckson's Programming paid its June of $500 cash. demonstrate how to use the accounting equation to record the transaction by completing the following sentence.
Jackson would decrease _________ and increase ________ in the accounting equation.
Answer:
Decrease Cash and Increase Expense
Explanation:
Jackson Programming paid $500 as rent for the month of June.
The accounting equation is is the basis of the double entry accounting principle system. It is an equation that stipulates that the balance sheet must remain balanced meaning every entry on the debit should be followed with a corresponding credit. It also means for every decrease there should be a corresponding increase.
In Jackson Programming;
A decrease is recorded in CASH because cash was paid, while an increase is recorded in EXPENSE because there is a corresponding increase in rent expenses.
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.
Explain why the human resource function should be aligned with an organization’s strategic plan (use ideas from the Module One discussion on this topic).
Answer: For Manpower allocation
For effective cost management/Budgeting.
Explanation:Human Resource function is a management activity that regulates the processes involved in planning, recruitment, allocation, training, compensation and ensuring that the organization performs effectively.
HR function should be aligned with an organization's strategic plan to ensure PROPER MANPOWER ALLOCATION (this will ensure the right person,persons with the needed skills are recruited and allocated).
Effective cost management/Budgeting(this will ensure that manpower allocation shall be based on the strategic budget by management)
Imagine that millions of refugees move out of country A and into country X. This would cause the demand for housing in country A to _____ and the demand for housing in country X to _____.
Answer:
Decrease
Increase
Explanation:
If millions are moving out of a country, the number of people living in the country would fall and the demand for houses would fall. While the demand for houses where the people are immigrating to would increase as population would increase and they would need where to live.
I hope my answer helps you.
The total cost of ownership for Supplier A is $2,670,000. The total cost of ownership for Supplier B is $1,750,000. The total cost of ownership for Supplier C is $2,990,000. Using Total Cost Analysis, it will be more cost-effective to use _________.
a. Supplier A
b. Supplier B
c. Supplier C
d. Cannot be determined
Answer:
Using Total Cost Analysis, it will be more cost-effective to use;
b. Supplier B
Explanation:
Total cost of ownership (TCO) can be defined as the total cost of an asset including the purchase cost and cost of operation of the asset. Assessing the TCO takes a bigger picture analysis of the overall cost of an asset. Most people usually don't consider the operating costs of an asset. This can prove detrimental in the long run when one starts going through unaccounted operation expenses. Unforeseen expenditure can lead to poor credit scores since one did not prepare for them.
When buying an asset, it is imperative to consider the sort-term and long-term costs. The short-term costs are the immediate costs that are often clearly identified in the initial stages. The short-term costs are purchase and transportation costs. The long-term costs are costs that will be incurred with time, over the life of an asset. Examples of long-term costs are; depreciation costs and operations costs.
In our case above, the best option would be Supplier B since it's total cost of ownership is cheaper compared to Supplier A and Supplier C.
Anything that blocks, distorts, or changes in any way the message the sender intended to communicate can be defined as which of the following within the communication process?
Answer:
Answer for the following is "Noise".
Explanation:
Anything that covers, distorts or alters the signal to be transmitted by the sender can be described as noise in the interaction phase.
Noise pollution, also known as ambient noises or sound emissions, is the spreading of noise with an adverse effect on human or animal life behavior. Worldwide, the cause of ambient noise is mainly due to equipment, shipping, and transmission networks.The fact that different countries experience different standards of living is largely explained by differences in those countries'
A. populations
B. productivity levels
C. location
D. none of the above; economists are puzzled by differences in standards of living around the world
Answer:
B. productivity levels
Explanation:
Worker productivity is a measurement of goods and services produced by the average worker in an hour's labor. The level of productivity is the single most significant factor in determining of the standard of living in a nation, with speedier productivity growth likely to lead to a progressively higher standard of living.
Hence the productivity level is correct answer.
Standards of living across different countries are mostly due to differences in productivity levels, which are influenced by physical and human capital as well as technology. Other quality-of-life factors also play a role but are often linked to income levels.
Explanation:The differences in standards of living between countries are largely explained by variations in countries' productivity levels. Productivity, in turn, depends on several factors including physical capital, human capital, and technology. While other elements like health, education, human rights, personal safety, and environmental quality significantly impact living standards, they are often correlated with per capita income. However, there are notable exceptions, such as regions with low income that have life expectancies similar to more affluent areas. Furthermore, despite high incomes, issues like undernourishment can still persist in developed regions, evidencing that a high standard of living involves more than just material wealth.
Consumers and firms are known as price takers only if A. they can set the market price. B. they cannot affect the market price. C. no market exists to determine the equilibrium price. D. excess demand exists.
Answer:
B. they cannot affect the market price.
Explanation:
Price takers take the price set by the forces of demand and supply. They do not have power to determine the market price.
I hope my answer helps you
ompanies that succeed in a turbulent world are those in which managers are evaluated and rewarded for paying attention to both cultural values and business performance.a. Trueb. False
Answer:
True
Explanation:
When a company has managers that pay attention to cultural values and business performance, the company will succeed. This is because the manager has effectively ensured that organizational culture is shared among all employees and as such helps to improve efficiency and performance of the company in discharging it responsibilities and meeting it's goals.
Cheers.
_________ 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
Accounting professionals can perform various services that provide assurance about the and of information given by one party to another.True / False.
Answer:
It is true
Explanation:
Chartered Accountants most especially external auditors are trained to provide assurance services that will give credit and reliability to the financial information being presented to the users by the directors.
Their services include statutory audit and other related assurance services.
The report produced by a Chartered Accountant (e.g External Auditor) gives reasonable assurance to the shareholders of the company or any other external users.
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.
Liabilities are shown on the:__________a. statement of changes in stockholders' equity.b. balance sheet.c. income statement.d. statement of cash flows.
Answer:
. balance sheet.
Explanation:
Liabilities are debts a business or an individual owe to other parties. It is money owed to creditors. Liabilities are financial obligations that an enterprise incur in the course of doing business. The obligations or debts have to been paid; hence they should be appropriately indicated in the financial records.
Liabilities are recorded in the balance sheet statement. A balance sheet indicates the financial status of a company by showing its assets and how they are financed. The balance sheet is prepared by followed the equation of assets equals liabilities plus equity. It lists the assets on one right side, while liabilities and equity appear on the left.
If the bank suffers a deposit outflow of $50 million with a required reserve ratio on deposits of 10%, what actions can you take to keep your bank from failing?
Answer:
In this situation we have variety of choices.
we can call in or sell off loans .
we can go to the discount window .
we can borrow reserves in the federal funds market .
we have to choose one of these.
Explanation:
"We are offering loans so that they can lend to more customers." Many lenders are selling loans to other banks while retaining the freedom of operation.The discount window is a fiscal policy tool usually regulated by central banks which enables qualified institutions to borrow money from the central bank, typically on a quick-term basis, to meet immediate liquidity deficits caused by internally or externally disruptions.Federal Reserve funds are the collateral deposits banks do at the end of every day to meet the cost of borrowing. The Federal Reserve is using the fed funds to regulate interest rates for the country. It is because the institutions borrow each other's fed money. We offer a rate of interest we term the cost of fed funds.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.
A real estate contract or land contract is described as a method of financing often substituted for mortgage or trust deed financing. Consequently a land contract can be:1. the same as a mortgage
2. a security device
3. similar to a lease
4. a lease with an option to buy
Answer:
The correct answer is the option 2: a security device
Explanation:
To begin with, a land contract or also known as a real state contract is the type of contract that is usually used in substitution of a mortgage in order to buy a real estate where the seller provides the buyer financing in the purchase and the buyer repays the resulting loan in installments. Moreover, this type of contract allows the buyer to retail the legal title of the property while permiting the buyer to take possesion of the real estate. In addition, it represents a security device due to the fact that the seller do not lose his property until the full purchase price has been paid and in the other hand the buyer do not risk his entire money in case something happens to the real estate and also do not put in risk any other asset that he possesses in order to buy the new property.
Which of the following is (are) true? I. Property rights and political stability are necessary to support good incentives. II. A dependable legal system is not necessary to support good incentives. III. Un-competitive and closed markets are necessary to support good incentives.
Answer: [I & II ] True
Explanation: Competitive and open market are necessary to support good incentives.
Which management approach advocates that supervisors be behaviorally trained to manage subordinates in ways that elicit their cooperation and increase their productivity?
Answer:
Human Relations Movement
Explanation:
The source of the human relations movement is the 1930s' Hawthorne Studies by Dr. Elton Mayo. The approach states that the productivity of employees or subordinates is a product of motivation, satisfaction and social relations all tending towards psychological balance.
The Human Relations Movement sees the employee as a part of the psychology of an organisation and not an easily replaceable part. As such, employees and subordinates should be treated as valuable.
It is based on this view, that it is advocated that supervisors manage their subordinates as valuable parts of the organisation, providing crucial motivation to ensure satisfaction. As such, the supervisors will need to be trained psychologically or behaviourally to be able to handle their subordinates appropriately.
___________, which depict relationships between items on a firm's financial statements, are used to discern whether a firm is meeting its financial objectives and how it stacks up against its industry peers.A. Standards
B. Budgets
C. Pro formas
D. Financial ratios
E. Forecasts
Answer:
D. Financial ratios
Explanation:
Financial ratios are numerical values derived from financial statements to provide meaningful information and analysis about the company. Ratios use financial figures in the accounting statements to offer insights into a company's liquidity, profitability, and operational efficiency.
Financial ratio analysis can be used to compare business performance against its past trend and against the industry's performance. Information provided by ratio analysis is useful to management, investors, and shareholders. Although the data from ratio analysis is insightful, it requires additional information from the financial statements to provide the true picture of a company's state of affairs.
________ are products and services bought by final consumers for personal consumption. These include convenience products, shopping products, specialty products, and unsought products.a. Services b. Consumer products c. Line extensions d. Industrial products e. Straight extensions
Answer:
The answer is B :Consumer products
Explanation:
Consumer products are products that are produced for the direct consumption of consumers. These kind of products or goods are ultimately consumed by the consumer and are not used for production of further goods like producer goods.
Therefore, going by the what these goods entails in the question (convenience product, shopping product, specialty product etc.) it is clear that the answer to the question is Consumer products