A job candidate is being taken out to dinner by a an interviewer. The interviewer gets to pick therestaurant they will dine (either a chain or a local restaurant). Once at the restaurant, the job candidatewill pick ordering the steak or the salad. The chain restaurant has a better steak while the local restauranthas a better salad. Steaks are more expensive than salads at both restaurants and the local restaurant ischeaper than the chain restaurant.
(Interviewer payoff, Candidate payoff); local vs chain and salad vs steak
local-salad: (4,3)
local-steak: (2,1)
chain-salad: (3,2)
chain-steak: (1,4)
Required:
a. Given the payoff table above, draw the extensive form of the game including payoffs and use backward induction to find the outcome of the game (i.e. which restaurant will they visit and what will the job candidate order?)
b. Write the strategy employed by the interviewer and the strategy employed by the job candidate.
c. Write all the other possible strategies for each player.
Answers
Answer and Explanation:
a. They will visit the local restaurant and the job candidate will choose to have salad as an order. Please check the attachment I added for the other parts of the answer.
b. The interviewer would make a choice and choose local restaurant. Based on this choice, the job candidate will choose salad. If the interviewer should choose chain restaurant, the job candidate will choose steak
C. Strategy
The interviewer:
S = {chain,local}
Job candidate:
S = {(steak, salad} multiplied by {steak, salad}
= {(Steak steak), (steak salad), (salad, steak), (salad,salad)}
Related Questions
Rocket Shoe Company is planning a one-month campaign for August to promote sales of one of its two shoe products. A total of $113,000 has been budgeted for advertising, contests, redeemable coupons, and other promotional activities. The following data have been assembled for their possible usefulness in deciding which of the products to select for the campaign. Cross-Trainer Shoe Running ShoeUnit selling price $41 $45 Unit production costs: Direct materials $(8) $(10) Direct labor (3) (3) Variable factory overhead (2) (3) Fixed factory overhead (3) (4) Total unit production costs $(16) $(20) Unit variable selling expenses (13) (12) Unit fixed selling expenses (8) (4) Total unit costs $(37) $(36) Operating income per unit $4 $9No increase in facilities would be necessary to produce and sell the increased output. It is anticipated that 24,000 additional units of cross-trainer shoes or 20,000 additional units of running shoes could be sold without changing the unit selling price of either product.Required:Prepare a differential analysis report presenting the additional revenue and additional costs anticipated from the promotion of cross-trainer shoes and running shoes.
Answers
Answer:
Contribution Margin from proposal
Cross Trainer Shoes $360,000
Running Shoe $340,000
Explanation:
Preparation of differential analysis for Rocket Shoe Company
DIFFERENTIAL ANALYSIS
Cross Trainer Shoes Running Shoe
Differential Revenue 984,000 900,000
Differential costs:
Direct Material (192,000) (200,000)
Direct labor (72,000) (60,000)
Variable factory overhead (48,000) (60,000)
Variable selling expense (312,000) (240,000)
Differential cost (624,000) (560,000)
Contribution Margin from proposal 360,000 340,000
Differential Revenue
Cross Trainer Shoes(41*24,000)=$984,000
Running Shoe(45*20,000) =$900,000
Differential costs:
Direct Material
Cross Trainer Shoes (8*24,000)=192,000
Running Shoe(10*20,000)=200,000
Direct labor
Cross Trainer Shoes (3*24,000)=72,000
Running Shoe(3*20,000)=60,000
Variable factory overhead
Cross Trainer Shoes (2*24,000)=48,000
Running Shoe(3*20,000)=60,000
Variable selling expense
Cross Trainer Shoes (13*24,000)=312,000
Running Shoe(12*20,000)=240,000
Differential cost is the addition of direct materials +direct labor + Variable factory overhead+Variable selling expense
Contribution Margin from proposal
Cross Trainer Shoes 984,000-624,000=360,000
Running Shoe 900,000-560,000=340,000
Since Cross trainer shoes had $360,000 this means that cross trainer shoes would contribute more than Running shoe which had $340,000 because Cross trainer shoes contribution margin is higher.
What is meant when a company is going through the "refreeze"
Answers
Answer:
Refreezing is the process of fixing these new ideas into the minds of the employees and managers so that they form the new set of beliefs, values, and norms of the organization.
In showing properties for sale, which of the following is a recommended course of action?
Answers
Answer:
The most recommended one is to Allow the seller's pets to roam around and interact with guests.
Which of these is not an example of good practice when differentiating phonological awareness instruction?
a.
Increasing the intensity of instruction by teaching in smaller group sizes.
b.
Expecting all children to be able to produce rhyming words at the same time of the year.
c.
Increasing the intensity of instruction by giving individual children more opportunities to respond.
d.
Supporting children's understanding of an activity by using visual supports.
Answers
The option that is not an example of good practice when differentiating phonological awareness instruction is (b) Expecting all children to be able to produce rhyming words at the same time of the year.
What is good practice?Recognizing that children learn at various speeds and have varied degrees of preparedness is a key component of good practice in differentiating phonological awareness training. It is unrealistic to anticipate that all kids will develop at the same rate.
Each child's unique requirements and talents are taken into account while differentiating instruction. Therefore, it is inconsistent with the ideas of differentiation to expect all kids to be able to come up with rhymes at the same time of the year.
Therefore the correct option is b.
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Mazu Mavuso is a 43-year-old South African resident who was employed by Veg & Fruit Limited, a South African company, until 30 November 2022. On 30 November 2022, Veg & Fruit Limited ceased its operations and the pension fund that Veg & Fruit Limited established for its employees also closed down. The Veg & Fruit Limited pension fund paid out R80 000 to Mazu Mavuso during the 2023 year of assessment. All Mazu Mavuso's pension fund contributions have been deducted in the determination of his taxable Income. Mazu Mavuso also decided to join a retirement annuity fund, to which he made a total contribution of R7 000 during the 2023 year of assessment. For the 2023 year of assessment, Mazu Mavuzo's receipts and expenses were as follow: Salary Director's fees earned Local dividends from South African companies Local interest from a non 'tax free investment' Pension fund contributions at 6.5% of his salary Retirement annuity fund contributions Qualifying medical expenses paid Donation to a qualifying section 18A Public Benefit Organisation R 720 000 110 000 45 000 24 500 ? 7 000 61 630 6 000 Calculate Mazu Mavuso’s taxable income for the 2023 year of assessment. (25 marks) 1.2) Calculate Mazu Mavuso’s total normal tax liability for the 2023 year of assessment. Assume that Mazu Mavuso had a taxable income of: • R770 900 before any retirement fund lump sum withdrawal benefits. • R843 900 after any retirement fund lump sum withdrawal benefits. (17 marks) Competency Framework Reference: E1.2 Interpretation of tax legislation b) Demonstrate the ability to apply the principles of tax interpretation to any new or unfamiliar tax legislation. E1.3 Application of tax legislation to calculate tax obligation a) Analyse the taxpayer’s tax profile. c) Apply the relevant law to the facts, determine the tax position and compute the tax payable (VAT or normal tax) for individuals and companies.
Answers
Explanation:
to calculated this question to solve
The price elasticity of supply reflects the flexibility of firms to increase or decrease the quantity supplied.
Which of the following does NOT increase flexibility?
Answers
So far in this chapter, all of the elasticity metrics have been related to the demand side of the market. Knowing how sensitive the amount given is to a change in pricing is also helpful.
Let's say there is a surge in apartment demand. There will be a dearth of flats available at the previous level of rent, which will put pressure on rents to increase. With all other factors remaining constant, the lower the rise in rent necessary to address the shortfall and restore market equilibrium, the more sensitive the supply of available flats is to changes in monthly rates. In contrast, price would need to climb more if quantity provided is less responsive to price changes, resulting in a shortage brought on by a spike in demand.
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What type of communication takes place when announcements in offices are made through public announcement systems?
A.
interpersonal communication
B.
written communication
C.
mass communication
D.
public communication
E.
intrapersonal communication
Answers
process of elimination..
B. (it’s verbal communication, not written)
C. (i highly doubt this is a possible answer.....but you are always willing to test that out for yourself)
E. (interpersonal is a conversation with oneself or “within a person”)
so now you’re left with A or D
Answer:
mass communication
Explanation:
I asked the teacher, she looked at the answer key and said
Refer to the short-run data in the accompanying graph. The profit-maximizing output for this firm is...
Answers
The profit-maximizing output for this firm, given the short - run data on the graph, is 320 units.
How to find the profit - maximizing output?The profit-maximizing output for a firm is the point where the marginal revenue received is equal to the marginal cost incurred. This means that every additional unit sold both cost the same to produce, as the revenue it brings in.
The point where the marginal revenue and the marginal cost are equal to each other is the lowest point of the Total cost curve This point on the graph is 320 units so this is the profit-maximizing output.
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Who will be the first Trillonare in this world ?
Answers
The person who is expected to become the first Trillionaire is Jeff Bezos, founder, and CEO of Amazon.
According to a study conducted by Comparison, Jeff Bezos could become the world’s first Trillionaire by the year 2026. This prediction was made on the basis of the average percentage of growth of Bezos’ net worth over the last five years. The study also highlighted that Bezos’ wealth has grown by an average of 34% over the last five years. At this rate of growth, his net worth could reach $1 trillion by the year 2026.
However, the current COVID-19 pandemic has had a negative impact on the economy, and Bezos’ net worth has already decreased by over $20 billion since the start of the pandemic. Despite this, it is still possible that Bezos may become the world’s first Trillionaire in the future, but there are also other contenders who could reach this milestone, such as Elon Musk, CEO of Tesla and SpaceX. However, as of now, there is no confirmed Trillionaire in the world.
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Lyon Co. collected $1,200 in sales tax from customers during the month of March. In April, Lyon sent the $1,200 sales tax to the state government. The entry to record payment to the state would include which of the following? (Check all that apply.)
Credit to Cash
Debit to Sales Tax Payable
Answers
The entry to record payment to the state would include.
Credit to Cash
Debit to Sales Tax Payable
Which phrase best encapsulates sales tax?A sales tax is one that is levied on both consumer purchases and commercial sales of products and services. It is a form of consumption tax, which means that it levies a fee on every dollar that consumers spend.
Exactly why do consumers pay sales tax?Items like schools, roads, and fire services that are included in the state and local budgets are funded by sales tax. As a lot of localities rely on sales tax to pay for their budgets, they take the collection of all unpaid sales tax very seriously.
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A Market share is usually stated as a
Answers
Answer:
stock
Explanation:
a stock is a a share of a company
In business courses, what are decisions making involving diverse perspectives
Answers
Decision making involving diverse perspectives in business courses is a critical aspect that promotes inclusivity, enhances problem-solving skills, and fosters innovation.
Decision making involving diverse perspectives in business courses is a crucial aspect of any business organization.
It refers to the process of making effective and informed decisions based on input from diverse perspectives.
Such decisions are reached through a collaborative approach, where individuals with different backgrounds and expertise work together to achieve a common goal.
It is an essential aspect of effective decision-making, as it helps to mitigate the risk of making hasty or ill-informed decisions that could adversely affect the organization's success.
Diverse perspectives refer to the inclusion of different viewpoints, opinions, and experiences.
It entails involving people from different cultural, social, economic, and ethnic backgrounds, among others.
In business courses, decision making involving diverse perspectives may include strategies such as brainstorming, consultation, and collaboration.
These strategies help to foster creativity, promote innovation, and enhance problem-solving skills.
Additionally, it helps to create a diverse and inclusive organizational culture that values diversity and fosters mutual respect.
In conclusion, decision making involving diverse perspectives in business courses is a critical aspect that promotes inclusivity, enhances problem-solving skills, and fosters innovation.
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Carey Company owns a plot of land on which burried toxic wastes have been discovered. Since it will require several years and a considerable sum of money before the property is fully detoxified and capable of generating revenues, Carey wishes to sell the land now. It has located two potenital buyers. Buyer A, who is willing to pay $480,000 for the land now, or Buyer B, who is willing to make 20 annual payments of $75,000 each, with the first payment to be made 5 years from today. Assuming that the appropraite rate of interest is 9%, wo whom should Carey sell the land. Show calculations.
Answers
Answer:
Carey should accept buyer A's offer
Explanation:
we need to compare the present values of both proposals:
Present value of proposal A = $480,000
Present value of proposal B:
present value of annuity in 5 years = $75,000 x 9.1285 (PVIFA, 9%, 20 periods) = $684,637.50
present value (today) = $684,637.50 / (1 + 9%)⁵ = $444,967.40
**ECONOMICS** A high level of education is most likely to lead to:
A. a lower overall income.
B. higher medical costs.
C. a higher unemployment rate.
D. a lower unemployment rate.
Answers
Answer:
D. a lower unemployment rate.
Explanation:
income-generating activity. It can be either full-time or part-time. One can be employed by a private firm, the government, or be self-employed.
A higher level of education equips an individual with the skills needed to get employed. Employers demand a certain level of education to hire workers. The skills to go into self-employment can be acquired through education. Therefore, the more people are educated, the higher the chances of being employed, which translates to a low unemployment rate.
Answer:
d
Explanation:
Like many students at college, Arturo struggles to find a parking space on campus. Every year he has to buy a parking permit, which allows him to park on campus. Unfortunately, buying a permit does not guarantee that he can find a parking spot. So he often gets to campus well before class starts, hoping to find a good parking spot, but ends up driving around until someone leaves. One day after his economics class, Arturo comes up with a potential solution to the problem. He suggests the following: Suppose the demand for parking is given by the following equation:Qo - 20,000 - 400P. At Arturo's school, there are 16,000 parking spaces for students. For the questions below, give all answers to the nearest whole number.
a. At most universities, students do not pay to park each day. They pay for a permit, which only allows them to park on campus. Therefore, the price students face each day is $ Unfortunately, this creates a of parking spaces.
b. The university, in order to prevent the shortage issue is changing from selling parking permits to charging a daily parking fee. Suppose parking spaces were allocated at Arturo's school using the market mechanism. In this case, students would have to pay $ each day to park
c. As his school gets larger, the demand for parking increases to Qo - 24,000 - 400P. If Arturo's university wanted to keep the market price (the price of daily parking) the same, it would have to provide more parking spaces
Answers
Answer:
a. 4,000 parking spaces
b. $10 per day
c. 4,000
Explanation:
a. If students pay for a permit, and not a daily fee:
the demand equation is Qd = 10,000 and Qs = 16,000
So, the shortage is
= 20,000 - 16,000
= 4,000 parking spaces
b. If the university charges a daily fee so the equation will be
Qd = Qs
20,000 - 400P = 16,000
4,000 = 400P
P = $10 per day
c. An increase in demand will be
Qd = 24,000 - 400P
To keep the price at $10
Qs = 24,000 - 400 × (10)
= 20,000
now,
More spaces required is
= 20,000 - 16,000
= 4,000
On January 1, 2022, Salt Creek Country Club purchased a new riding mower for $15,000. The mower is expected to have a 10-year life with a $1,000 salvage value. Prepare a tabular summary to record depreciation expense on December 31, 2022, if Salt Creek uses straight-line depreciation. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)
Answers
Firstly, we need to calculate the depreciation expenses for the year before we will prepare the entry for the expense.
The formula for Depreciation expenses is [(Cost - Salvage value) / Useful life}.Depreciation Expense = [($15,000 - $1,000) / 10 years]
Depreciation Expense = $14,000 / 10 years
Depreciation Expense = $1,400 per year
Below is the Journal entry to record the depreciation expenses.Date Account titles Debit Credit
Dec 31, 2022 Depreciation Expenses-Equipment $1,400
Accumulated Depreciation-Equipment $1,470
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Problem 11-01 (Algorithmic)
Willow Brook National Bank operates a drive-up teller window that allows customers to complete bank transactions without getting out of their cars. On weekday mornings, arrivals to the drive-up teller window occur at random, with an arrival rate of 30 customers per hour or 0.5 customers per minute.
What is the mean or expected number of customers that will arrive in a six-minute period? Round your answer to the nearest whole number.
λ = fill in the blank 1
3
per six minute period
Assume that the Poisson probability distribution can be used to describe the arrival process. Use the arrival rate in part (a) and compute the probabilities that exactly 0, 1, 2, and 3 customers will arrive during a six-minute period. Round your answers to four decimal places.
Answers
A Poisson distribution in statistics is a probability distribution that is used to demonstrate how frequently an event is likely to happen over a given period of time.
What is Poisson Distribution?A Poisson distribution in statistics is a probability distribution that is used to demonstrate how frequently an event is likely to happen over a given period of time.
It is a count distribution, to put it another way. In order to comprehend separate events that happen at a steady pace throughout the course of a certain period of time, Poisson distributions are frequently utilized.
It bears the name Simon Denis Poisson after the French mathematician. Since the Poisson distribution is a discrete function, only particular values from a list are allowed for the variable.
To put it another way, the variable is not capable of accepting any continuous range of values. The variable can only take whole integer values for the Poisson distribution; decimals or fractions are not allowed.
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A financial institution that accepts deposits, makes loans, and provides other
services as a nonprofit organization is called a:
O A. payday lender.
O B. retail bank.
O c. title pawn lender.
O D. credit union.
Answers
Answer:
D. credit union.
Explanation:
A credit union is a financial institution founded by large institutions and organizations to benefits their employees. The employees who join the credit union become members and owners of the institutions. Credit unions offer banking services such as accepting deposits and issuing loans to their members.
Credit unions operate similar to cooperatives than banks. They offer services to the members who are owners; hence are non-profit making financial institutions. They issue loans at a cheaper rate than commercial banks.
Answer:d
Explanation:
How can i earn money online (good amount) as a 17 year old?
Answers
10 principles of economics
Answers
The 10 principles of economics were given by Gregory Mankiw.
These principles are:
People face tradeoffs: it means that to get one thing, one has to give up on another thing.The cost of Something is What You Give Up to Get It: it refers to the opportunity cost you incur on doing something else. Rational people think at the margin: considering the marginal cost of the product.People Respond to Incentives Trade Can Make Everyone Better Off: trading helps a country in being self-sufficient and enjoying more goods and services. Markets Are Usually a Good Way to Organize Economic Activity. Governments Can Sometimes Improve Economic Outcomes: Government can intervene to allocate resources efficiently.The Standard of Living Depends on a Country's Production: the standard of living increases as the consumption of goods and services, increases.Prices Rise When the Government Prints Too Much Money: when there's a lot of money flowing the market, it will increase the demand for goods which will increase the cost of goods, ultimately leading to inflation.Society Faces a Short-Run Tradeoff Between Inflation and Unemployment.Learn more about "Principles of economics":
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Mention at least two organizations IN Ethiopia whose role has been replaced/ threatened by IS?
Answers
There are no known organizations in Ethiopia whose role has been replaced or threatened by the Islamic State (IS). The Islamic State (IS) has not established any significant presence in Ethiopia, and the country's Muslim community has rejected the group's extremist ideology.
Therefore, it is unlikely that any organizations in Ethiopia have been impacted by the group's activities.However, it is important to note that there are various terrorist groups operating in Ethiopia that pose a threat to the country's stability and security.
These groups include al-Shabaab, which is based in Somalia, and the Oromo Liberation Front (OLF), which is active in Ethiopia's Oromia region. These groups have carried out attacks on civilians and government targets in the past, and their activities continue to be a concern for Ethiopian authorities and citizens.
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Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. Its balance sheet for this year is as follows:
Ending Balance Beginning Balance
Cash $64,400 $76,900
Accounts receivable 53,200 57,200
Inventory 71,400 65,000
Total current assets 189,000 199,100
Property, plant, and equipment 192,000 182,000
Less accumulated depreciation 64,000 45,500
Net property, plant, and equipment 128,000 136,500
Total assets $317,000 $335,600
Accounts payable $41,600 $74,000
Income taxes payable 32,400 39,600
Bonds payable 78,000 65,000
Common stock 91,000 78,000
Retained earnings 74,000 79,000
Total liabilities and stockholders’ equitY$317,000 $335,600
During the year, Ravenna paid a $7,800 cash dividend and it sold a piece of equipment for $3,900 that had originally cost $8,400 and had accumulated depreciation of $5,600. The company did not retire any bonds or repurchase any of its own common stock during the year.
Required:
1. What is the amount of the net increase or decrease in cash and cash equivalents that would be shown on the company’s statement of cash flows?
7-a. What is the combined amount and direction (+ or −) of the inventory and accounts payable adjustments to net income in the operating activities section of the statement of cash flows?
7-b. What does this amount represent?
Cash paid to suppliers > Cost of goods sold
Cash paid to suppliers > Purchases
Cash paid to suppliers < Cost of goods sold
8-a. If the company debited income tax expense and credited income taxes payable $940 during the year, what is the total amount of the debits recorded in the Income Taxes Payable account?
9-a. What is the amount and direction (+ or −) of the income taxes payable adjustment to net income in the operating activities section of the statement of cash flows?
9-b. What does this adjustment represent?
Tax paid < Income tax expenses
No taxes are payable
Tax paid > Income tax expenses
11. What is the amount of net cash provided by (used in) operating activities in the company’s statement of cash flows?
10. Would the operating activities section of the company’s statement of cash flows contain an adjustment for a gain or a loss? What would be the amount and direction ( + or − ) of the adjustment?
8-b. What does the amount of these debits represent?
Tax refunds
Cash paid for income taxes
Taxes payable
12.What is the amount of gross cash outflows reported in the investing section of the company’s statement of cash flows?
13.What is the company’s net cash provided by (used in) investing activities?
14.What is the amount of gross cash inflows reported in the financing section of the company’s statement of cash flows?
15.What is the company’s net cash provided by (used in) financing activities?
Answers
Answer:
1. What is the amount of the net increase or decrease in cash and cash equivalents that would be shown on the company’s statement of cash flows?Answer: Net decrease:$12,500
7-a. What is the combined amount and direction (+ or −) of the inventory and accounts payable adjustments to net income in the operating activities section of the statement of cash flows?
Answer: $-38,800
7-b. What does this amount represent?
Cash paid to suppliers > Cost of goods sold
Cash paid to suppliers > Purchases
Cash paid to suppliers < Cost of goods sold
Answer: Cash paid to suppliers>Purchases
8-a. If the company debited income tax expense and credited income taxes payable $940 during the year, what is the total amount of the debits recorded in the Income Taxes Payable account?
Answer: $8,140 (cash paid )
8-b. What does the amount of these debits represent?
Tax refunds
Cash paid for income taxes
Taxes payable
Answer: cash paid for income taxes
9-a. What is the amount and direction (+ or −) of the income taxes payable adjustment to net income in the operating activities section of the statement of cash flows?
Answer: Add back income tax expense $940 and subtract tax paid $-8,140
9-b. What does this adjustment represent?
Tax paid < Income tax expenses
No taxes are payable
Tax paid > Income tax expenses
Answer: Tax paid >Income tax expense
10. Would the operating activities section of the company’s statement of cash flows contain an adjustment for a gain or a loss? What would be the amount and direction ( + or − ) of the adjustment?
Answer: Deduct the gain on disposal $-1,100
11. What is the amount of net cash provided by (used in) operating activities in the company’s statement of cash flows?
Answer: Net cash used in operating activities: $-3,200
12.What is the amount of gross cash outflows reported in the investing section of the company’s statement of cash flows?
Answer: $18,400 on account of PPE purchased ($192,000+$8,400-$192,000)
13.What is the company’s net cash provided by (used in) investing activities?
Answer: $-14,500
14.What is the amount of gross cash inflows reported in the financing section of the company’s statement of cash flows?
Answer: $13,000
15.What is the company’s net cash provided by (used in) financing activities?
Answer: Net cash inflow from financing activities $5,200
What exactly allows individuals to consume more if they specialize and trade than if they don't
Answers
Answer:
They work within the company that allows them to do so. Vs. others that don't.
Explanation:
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Which of the following is not a PCAOB assertion about inventory related to presentation and disclosure?A) Inventory is properly classified as a current asset on the balance sheet.B) Inventory is properly stated at its cost on the balance sheet.C) Major inventory categories and their valuation bases are adequately disclosed in notes.D) All of these are PCAOB presentation and disclosure assertions about inventory.
Answers
All of these are PCAOB presentation and disclosure assertions about inventory. Thus option D is the answer.
The PCAOB (Public Company Accounting Oversight Board) is an administrative body that directs the reviews of public organizations in the US. One of its responsibilities is to establish and enforce auditing and related professional practice standards.
The PCAOB has identified various assertions related to inventory, which auditors should consider when evaluating the accuracy and completeness of a company's financial statements. These assertions include that inventory is properly classified as a current asset on the balance sheet, that it is properly stated at its cost on the balance sheet, and that major inventory categories and their valuation bases are adequately disclosed in notes.
All of these assertions are important to ensure that the financial statements are accurate and complete, and to provide investors with the information they need to make informed decisions about investing in the company.
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Which of the outcomes in are most appealing to you? Are you more attracted to extrinsic outcomes or intrinsic outcomes?
Answers
Extrinsic outcomes are external rewards such as money, status, or recognition that come from achieving a goal. These outcomes are appealing to some individuals because they provide tangible benefits and can be easily measured by others.
On the other hand, intrinsic outcomes are internal rewards such as personal satisfaction, a sense of accomplishment, or personal growth that come from achieving a goal. These outcomes are appealing to some individuals because they provide a deeper sense of fulfillment and can be more meaningful in the long-term.
Ultimately, whether someone is more attracted to extrinsic or intrinsic outcomes depends on their personal values and goals. Some people may prioritize external rewards and seek to maximize their income or social status, while others may prioritize personal growth and seek to achieve goals that align with their passions and values.
It is important to strike a balance between both types of outcomes and to find a sense of purpose and satisfaction in the goals that we pursue.
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LEONE COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Finished goods inventory, beginning Cost of goods manufactured Goods available for sale Less: Finished goods inventory, ending Cost of goods sold Gross profit General and administrative expenses Selling expenses Net income $ 84,000 84,000 92.000 $ 3,251,000 $ (8,000) 3,259,000 127.000 603,000 2,529,000
How do you find the cost of goods manufactured?
Answers
The cost of goods manufactured (COGM) is the cost of all the products that a company has manufactured during a period.
How to calculateIt is calculated by adding the beginning finished goods inventory to the total manufacturing costs, and then subtracting the ending finished goods inventory.
In the income statement you provided, the cost of goods manufactured is calculated as follows:
COGM = $92,000 + $3,251,000 - $127,000 = $3,224,000
Therefore, the cost of goods manufactured for Leone Company is $3,224,000.
Here is the formula for calculating COGM:
COGM = Beginning finished goods inventory + Total manufacturing costs - Ending finished goods inventory
The total manufacturing costs include direct materials, direct labor, and manufacturing overhead.
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1. Why do we need emotions when we make decision?
2. Why do you think the reason and impartialty are minimum requirements in decision making?
Answers
To keep people trusting in the decision-making process, there must be the illusion of impartiality. When there is a conflict of interest, you shouldn't participate in the decision-making process.
Why are feelings necessary for moral decision-making?Emotional processes influence moral judgement by giving moral decision-making scenarios an affective value, which helps to define what behaviours are acceptable and unacceptable (Haidt, 2001).
What do reason and objectivity in morality mean? Why are impartiality and reason considered to be the bare minimum of morality?It is a basic justice principle. Giving equal and/or sufficient regard to the interests of all parties involved is necessary according to the impartiality moral theory. It is predicated on the idea that everyone is, usually speaking, equally significant and that no one is viewed as having more intrinsic value than another.
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You buy cauliflower at $1.80 per pound. One portion of cauliflower requires 6 ounces of cauliflower. How much does the cauliflower for one portion cost?
Answers
Simplify by combining like terms. (a) 6x+8x
Answers
Answer:
14x
Explanation:
6+8=14
6x+8x=14x
An online streaming service sells movie rentals for $5.99 to its American shoppers. A large American chain store sells a physical copy of the same movie for $5.99. Which of the following is a possible reason that the online streaming service could expect to rent a movie for the same price that it could be purchased for somewhere else?(1 point)
a. Government intervention on maximum prices is the most common cause of abnormal market pricing. In general, the government will set a maximum on the prices of common goods. The retailer selling the movie might like to charge more but may not be able to.
b. Lack of knowledge is an important factor in determining market prices. Retailers almost always assume that shoppers don't look around for a bargain and will generally charge whatever price they want.
c. Location is an important factor in determining market prices. For the online streaming service, the buyer doesn't even have to leave his or her home, while the physical copy would need to be picked up at the store. The online retailer can charge the same price for a lesser product because the retailer is conveniently located for the consumer.
d. Government intervention on minimum prices is the most common cause of abnormal market pricing. In general, the government will set a minimum on the prices of common goods. The online retailer renting the movie might like to charge less but may not be able to.
Answers
Answer:
C
Explanation:
You can often sell less of product for more money if convenience is added to the product value.
for example, you I to gas station & pay more for a 20oz soda than our do a 2liter. you're getting way less soda for twice the amount. you are paying for the convenience of not carrying around a 2 liter