Answer:
The major objectives of a business include the following:
1. Profit
2. Growth
3. Stability
4. Efficiency
5. Survival
Explanation:
1. Profit: this is practically the number one objective of any business, to maximize profit as much as it can. In order words, not just to get back the investment capital, but to earn profit as well.
2. Growth: this involves growing bigger or having an expansion in the number of sales and markets generally. As a customer of a business increases, this is often lead to business growth and more money
3. Stability: to have the stability of operation, without occasional or unnecessary break down in mode of operation or production. This will help to keep the business moving.
A firm has four different investment options. Option A will give the firm $10 million at the end of one year, $10 million at the end of two years, and $10 million at the end of three years. Option B will give the firm $5 million at the end of one year, $10 million at the end of two years, and $15 million at the end of three years. Option C will give the firm $15 million at the end of one year, $10 million at the end of two years, and $5 million at the end of three years. Option D will give the firm $21 million at the end of one year, nothing at the end of two years, and $9 million at the end of three years. Which of these options has the highest present value if the rate of interest is 5 percent
Answer:
The answer is "Option D".
Explanation:
Using the formula for calculating present value:
\(= \frac{Future \ value}{(1+r)^n}\\\\\)
that's why "Option D" is correct.
How can the government promote socially responsible production? A. By reducing tariffs and other trade barriers B. By passing environmental-protection regulations C. By enforcing consumer-protection regulations D. By punishing anticompetitive business practices
Government can promote socially responsible production by passing environmental-protection regulations.
What is social responsibility?The purpose of social responsibility is to ensure companies complies with laws that guards the business environment.
It means that a company making profit where it operates should be socially responsible by giving out to the society.
Hence, government can promote socially responsible production by passing environmental-protection regulations.
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Answer:
Government can promote socially responsible production by passing environmental-protection regulations.
Explanation:
given the process described for gaining sponsorships (e.g., through sports marketing agencies), should nike and other major companies realize that bribes and other corrupt practices were taking place?
It is possible that Nike and other major companies were aware of bribes and corrupt practices in gaining sponsorships, but this cannot be conclusively determined without specific information and evidence.
Were Nike and other major companies aware of the corrupt practices?While it is not possible to definitively ascertain whether Nike and other major companies were aware of corrupt practices in gaining sponsorships, it is essential to acknowledge that in some cases, companies may have knowledge or suspicions about such practices.
The process of securing sponsorships, particularly through sports marketing agencies, can involve complex negotiations and interactions with various parties.
It is not uncommon for illicit activities, such as bribery and corruption, to occur in these contexts.
Companies operating in these industries should have robust internal controls and due diligence processes to mitigate the risk of engaging in or being associated with corrupt practices.
However, it is important to note that not all companies engage in or are complicit in such activities.
Many reputable companies have strict ethical standards and compliance programs in place to prevent and detect corruption.
Additionally, uncovering corrupt practices often requires thorough investigations, whistleblowing, or law enforcement actions.
Without specific evidence or information, it is not possible to definitively attribute knowledge or complicity to Nike and other major companies in relation to bribes and corrupt practices in gaining sponsorships.
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Orders for clothing from Debenhams manufacturer for this year's National Day's season must be placed in April. The cost per unit for a particular Shirt is $15 while the anticipated selling price is $40. Demand is projected to be 70, 80, or 90 units. There is: a 30 percent chance that demand will be 70 units, a 50 percent chance that demand will be 80 units, and a 20 percent chance that demand will be 90 units. The company believes that any leftover goods will have to be scrapped. Required: Prepare a payoff table, and calculate how many Shirts should be ordered in April?
The company should order 80 shirts in April.
A payoff table is a tool used to depict potential outcomes for each of a set of alternatives. The expected monetary value, which is used to calculate the optimal strategy, is calculated using the following formula: EMV = ∑ (Pi x Xi)Pi is the probability of occurrence of a specific outcome. Xi is the profit or loss resulting from that outcome.EMV is the expected monetary value or expected value.EMV is calculated for each choice in a decision matrix, and the option with the highest EMV is chosen.EMV can be used to assess the potential success of one or more choices. Therefore, we can now prepare a payoff table for the given scenario and find out how many shirts should be ordered in April.The given table represents the payoff table: Since we are given the probability of demand for each of 70, 80 and 90 units, we can calculate the expected values for each of these demands in order to calculate the optimal order of shirts.EMV of 70 units demand = 0.3($385) = $115.50EMV of 80 units demand = 0.5($1,200) = $600EMV of 90 units demand = 0.2($1,350) = $270Therefore, the total EMV of ordering 70 units is $115.50 + $600 + $270 = $985.5The total EMV of ordering 80 units is $150 + $900 + $450 = $1,500The total EMV of ordering 90 units is $0 + $630 + $540 = $1,170Since the total EMV of ordering 80 units is the highest, therefore 80 shirts should be ordered in April to make the most profit.
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a third-party net marketplace that connects many buyers and suppliers for spot purchasing is called a(n)
A third-party net marketplace that connects many buyers and suppliers for spot purchasing is called an exchange.
What kinds of online markets are there?
When categorized by the target market, marketplaces can be divided into three primary groups: peer-to-peer (P2P), also known as customer-to-customer (C2C), business-to-business (B2B), and business-to-customer (B2C).
Exchanges: Independently owned, independent third-party online markets that can link thousands of providers and customers for on-the-spot purchases.
Therefore, Vertical markets for a single industry are offered by many exchanges.
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If npv is conceptually the best tool for capital budgeting, why do you think multiple measures are used in practice? what is the relationship between the profitability index and the npv? are there any situations in which you might prefer one method over the other?
Although NPV is thought to be the most reliable and theoretically sound way for analysing capital budgeting choices, managers may employ several metrics based on the particular scenario or decision being made
The process of preparing a budget defines how a company will distribute its financial resources over a specific time period. It include forecasting future income and spending, deciding on priorities, and establishing performance goals. A crucial component of financial management is budgeting, which enables businesses to keep expenditures in check, allocate resources efficiently, and make long term plans. Accurate financial data, communication across departments and stakeholders, and a clear grasp of the organization's goals and objectives are necessary for effective budgeting. Budgeting helps companies to make educated decisions, adjust to changing conditions, and maintain long-term sustainability by defining clear financial goals and tracking performance against them.budgeting
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Managerial accountants:
a. create the company’s financial statements that are submitted to government agencies such as the Internal Revenue Service.
b. negotiate contracts with suppliers
c. create financial reports and provide other types of accounting information to investors.
d. provide managers within the organization with reports to make good business decisions.
Managerial accountants provide managers within the organization with reports to make good business decisions.
Who are Managerial accountants?They are account managers, they help a company to manage the financial account and hep to make decisions based on the trend on the account.
They also hep perform various task that is associated with the account.
Therefore, Managerial accountants provide managers within the organization with reports to make good business decisions.
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Complete the following:
If a company makes $5 off of each unit it sells and has a target operating income of $5,000, then it must sell units. Similarly, if a company has a target operating income of $175,000 and knows that total expenses for the period will be $25,000, how much revenue must it earn to reach its target operating income? $
Units sold or revenue earned above and beyond the break-even point contributes to the margin of safety for a company. Margin of safety is a crude measure of risk, in that it serves as the padding between profit and the break-even point
For the second scenario, where the total expenses are known, we need to determine the total variable costs to calculate the contribution margin, which will allow us to determine the revenue required to reach the target operating income.
Once the break-even point is determined, the margin of safety can be calculated by subtracting the break-even point from the actual level of sales or revenue. The margin of safety represents the cushion that a business has before it reaches the break-even point and serves as a measure of the company's risk.
The break-even point is a critical concept in business and finance, representing the level of sales or revenue at which a company's total costs are equal to its total revenue.
At this point, the company is not making a profit nor incurring a loss. To calculate the break-even point, the total fixed costs of a business are divided by the contribution margin per unit. The contribution margin is the difference between the sales price per unit and the variable cost per unit.
In the given scenario, we are provided with the target operating income and the unit contribution. Using the formula for break-even point, we can determine the number of units that must be sold to achieve the target operating income.
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If an increase in consumer incomes leads to a decrease in the demand for camping equipment, then camping equipment is?
The equipment is normal good.
A normal good, often known as a required good, refers to the degree of demand for the product in relation to wage growth or contraction rather than the quality of the good itself.
The link between income and demand for a typical good is elastic. To put it another way, changes in income and demand are connected positively or move in the same direction. The amount by which the quantity desired for a good changes in response to a change in the income is measured as income elasticity of demand.
Therefore, the answer is normal goods.
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assume the government collects $10,000 from you over the course of a year by deducting taxes from your paycheck. now assume you receive a $10,000 tax refund at the end of the year. what is your net tax liability (payment)?
Your net tax liability would be zero.
What is net tax?
The amount obtained after applicable tax is subtracted from the gross income from investments or transactions is known as the "net tax" amount. The phrase "net tax" is most frequently used to describe how a business performs in terms of income, profits, as well as losses. The terms "net of tax" are used when the tax effect is taken into account when calculating the income, profit, as well as loss. If the impact of income taxes is not taken into account in the calculation, the income, profit, as well as loss is said to be "before tax." After-tax is another name for net tax.
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how is control determined when a parent company does not own a majority of the voting stock of a subsidiary?
The correct answer is criteria that establish effective control include control of the subsidiary’s senior management or board of directors.
Morever, the control of the subsidiary’s operating, investing, or financing activities, and the right to get control by buying more shares after a triggering event is also included in the answering part.
Major shareholding is not the only factor in determining control. Even without owning shares, corporations are nonetheless able to indirectly control some companies. The preceding criteria are used to make this determination, which is then combined with the parent's assertions.
A parent company subsidiary relationship exists when one business controls another. When a business buys a majority of the voting stock in another business, it typically creates a parent company.
The subsidiary business may operate in the same sector as the parent business or one that is closely related to it and a parent business may be the owner of numerous tiny subsidiaries.
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What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOUwhich one of the following is recommended advice for conducting an effective interview?
To conduct an effective interview, it is recommended to ensure that you ask open-ended questions, avoid leading questions, and actively listen to the interviewee. Additionally, it is advised to remain objective, refrain from making assumptions, and maintain a professional demeanor.
The answer to the question is: Ensure that you ask open-ended questions, avoid leading questions, and actively listen to the interviewee.The following are some of the recommended advice for conducting an effective interview:1. Prepare beforehand: Plan your questions ahead of time.2. Put the candidate at ease: Greet them warmly and make small talk before you start asking the interview questions. This will make them feel at ease, allowing you to get a more accurate reading of their personality and behavior.3. Ask open-ended questions: These questions prompt the interviewee to give a more detailed response than yes or no. They are more revealing and enable you to evaluate their skills and work experiences.4. Avoid leading questions: Leading questions, unlike open-ended questions, are ones that suggest or imply the answer. It is critical to avoid asking leading questions to receive a truthful response.5. Listen actively: Pay close attention to the interviewee's responses. Give them your undivided attention, making eye contact, and jotting down notes when necessary. This will show that you respect them, and it will enable you to comprehend them better.
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All of the following information is needed to calculate a person's human life value EXCEPTA) the person's average annual earnings over his or her productive lifetime.B) the person's estimated annual Social Security benefits after retirement.C) the person's cost of self-maintenance.D) the number of years from the person's present age to the expected retirement age.
All of the following information is needed to calculate a person's human life value EXCEPT B) the person's estimated annual Social Security benefits after retirement.
What is the reason?
Human life value is calculated using a person's average annual earnings over their productive lifetime (A), their cost of self-maintenance (C), and the number of years from their present age to the expected retirement age (D). Social Security benefits after retirement are not relevant to this calculation, as they are received after the individual's productive working years have ended, and therefore do not contribute to their human life value.
Hence, option b. is correct.
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What is the main source of capital for sole proprietorship?
Answer:
Sole proprietorships are not companies – you cannot sell shares to investors to raise capital. _ Most times, you'll be relying on your own resources, such as savings and retained profits, as well as bank loans and credit cards to raise the money you need.
Explanation:
Answer:
Sole traders and partnerships have a range of options to get finance: personal savings, retained profits, working capital, sale of assets, and bank loans. Put simply, personal savings is the the amount of money a person has at his disposal.
Under monopoly, the firm produces the output where ___________, and in perfect competition, the firm produces the output where _________. 1. P>MR=MC;P=MR=MC 2. PMR=MC
Under a monopoly, the firm produces the output where the price (P) is greater than both the marginal revenue (MR) and the marginal cost (MC). This means that the firm is producing at a point where it is charging a price higher than what it would charge in a perfectly competitive market. The reason for this is that a monopoly has market power and can control the price of its product. Therefore, it will produce at a lower quantity and charge a higher price, resulting in economic profits.
In contrast, in a perfectly competitive market, the firm produces the output where the price is equal to both the marginal revenue and the marginal cost. This means that the firm is producing at the point where it is making normal profits and there are no economic profits in the long run. The reason for this is that in a perfectly competitive market, there are many firms producing identical products, and no single firm has the market power to influence the price. Therefore, firms are price takers and will produce at a point where they are making normal profits.
In summary, the key difference between monopoly and perfect competition is that in a monopoly, the firm has market power and will produce at a point where it charges a higher price and produces a lower quantity, resulting in economic profits. In contrast, in perfect competition, the firm is a price taker and will produce at a point where it makes normal profits.
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ethical issues in brand management can include all of the following except:
The "Ethical-issues" in brand-management include all the options except (d) domain constitution.
The Domain-Constitution refers to the process of establishing and assigning domain names for websites. It is not directly related to ethical issues in brand management.
Ethical concerns in brand management generally revolve around issues like brand infringement (a), cyber squatting (b), and the potential loss of trademark protection when a brand name becomes a generic term (e). However, domain constitution is not considered as an ethical issue in brand management.
Therefore, the correct option is (d).
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The given question is incomplete, the complete question is
Ethical issues in brand management can include all of the following EXCEPT:
(a) brand infringement
(b) cyber squatting
(c) new brand names like Go-ogle and Twit-ter, because the names have entered everyday conversation, as in "I Go-ogled myself" or "I Tweeted you."
(d) domain constitution
(e) when a brand becomes so well-established that it may be considered a generic term, such as a Kleenex tissue or a Xerox copy.
there is a greater pool of knowledge to draw from. (click to select) 2. decisions may be made quicker using satisficing. (click to select) 3. a small group of people may talk the longest and the loudest. (click to select) 4. people bring different perspectives. (click to select) 5. a group may bring greater intellectual stimulation. (click to select)
We can see here that determining if it is an advantage or a disadvantage of group decision making, we have:
1. Advantage
2. Advantage
3. Disadvantage
4. Advantage
5. Advantage
6. Disadvantage
What is decision making?Decision making is the process of identifying and choosing among alternative courses of action to achieve a desired outcome or result. It involves evaluating various options, considering their pros and cons, and selecting the best course of action based on available information and analysis.
Decision making is an important skill for individuals and organizations in various fields, including business, healthcare, education, and government. Effective decision making requires critical thinking, problem solving, and often involves collaboration and communication with others.
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The complete question is seen below:
Decision Making
Managers must decide when to make decisions themselves and when they should involve a group. This activity is important because. as a manager, this decision will require you to weigh the advantages and disadvantages of using group decision making.
The goal of this exercise is to challenge your ability to categorize the advantages and disadvantages of group decision making.
Read each statement and determine if it is an advantage or a disadvantage of group decision making.
1. There is a greater pool of knowledge to draw from.
2. Decisions may be made quicker using satisficing.
3. A small group of people may talk the longest and the loudest
4. People bring different perspectives.
5. A group may bring greater intellectual stimulation.
6. Group members will strive for unanimity.
Jaiden is in 6th grade and plans to attend college. He has created a college preparation plan. 1. He will fill out the FAFSA form and send it in immediately. 2. He will ask his parents if they have a college savings account. 3. When he gets to high school, he will start trying harder in school so he can qualify for academic scholarships. 4. During his last year of high school, he will get involved in sports and clubs he enjoys to qualify for scholarships. 5. Upon graduation, he will start saving money for college. Which statements identify errors in Jaiden’s plan? Check all that apply. He should wait until his last year in high school to fill out the FAFSA. He should start saving right away. It is never too early to start a savings account. He should work hard throughout middle school and high school or it might be too difficult for him to excel later, since bad habits are hard to break. He should try different sports and clubs in middle school and early high school. Then he should pick his favorites and invest more time in them. While in high school, he should quit all extracurricular activities so he can work more hours and save money. He should ask all his friends and neighbors to contribute to his college fund so it will grow faster.
Answer:
-He should wait until his last year in high school to fill out the FAFSA.
-He should start saving right away. It is never too early to start a savings account.
-He should work hard throughout middle school and high school or it might be too difficult for him to excel later, since bad habits are hard to break.
-He should try different sports and clubs in middle school and early high school. Then he should pick his favorites and invest more time in them.
Explanation:
Answer:
1
4
5
I did the test and pretty sure i got it correct
You invest $500 in a fund that has shown to have a mean annual increase of $120 per year. If you leave your initial
investment in the account, and invest no additional funds, how much will your account be worth at the end of 25 years?
a) $1,200
b) $2,500
c) $3,500
d) $3,800
The investment of $500 in a fund, the account at the end of 25 years would be $3,500. The appropriate response is option C.
What is investment?A purchase made with the intention of creating income or capital growth is known as an investment. An asset's value increasing over time is referred to as appreciation. When a person makes an investment, they do not intend to utilize the product immediately; instead, they intend to use it to build wealth in the future.
Stocks, bonds, and cash equivalents are the three main categories into which investments are often divided. Within each category, there are several distinct kinds of investments.
The investment of $500 in a fund, the account at the end of 25 years-
120x25=3000+500=3,500
Hence, option C is an appropriate response.
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ICE is a non-profit organization that runs awareness campaigns and research programs that provide data to initiate the process of legislative changes on various aspects of the environment like forest cover, nuclear fuel, endangered species and others. The ICE operates through networks of grass-root level researchers who are grouped into flexible project teams whose roles and duties change with each new project. The ICE believes its employees to be like family and an informal environment pervades its functioning without any compromises being made in the efficiency. Recently, the project manager of the rainwater harvesting pilot project in the suburbs has been informed of two delays in the project. When the third extension request came to him, he looked into the matter by speaking individually with the five team members. Which of the following complaints by the team members, if true, would indicate the presence of social loafing in the team?
A) The team members were dissatisfied with the compensation package as they felt they were putting in a lot of work and being paid relatively less.
B) Nancy, one of the new team members, reported that she felt the team was not cohesive enough.
C) The scarcity of funds was one of the major concerns that all the team members mentioned.
D) Two of the most experienced employees on the team reported having to shoulder a disproportionate amount of the current workload and asked for an internal transfer.
E) A team member complained that the residents of the suburb in which they were working were uncooperative and did not accept their most cordial requests for helping in data collection.
Answer: D. Two of the most experienced employees on the team reported having to shoulder a disproportionate amount of the current workload and asked for an internal transfer.
Explanation:
Social loafing means when an individual exerts less effort in order to achieve a particular goal when the individual is part of a group but when the individual works alone , he or she works harder and exerts more effort.
Based on the information given, the presence of social loafing in the team will be that "Two of the most experienced employees on the team reported having to shoulder a disproportionate amount of the current workload and asked for an internal transfer".
Here, there's dispersion of responsibility as the results in he group group can't be attributed to a particular employee. In such case, the employees may be tempted to wanting to work alone.
The internal auditing staff of a local manufacturing company performs a sample audit each quarter to estimate the proportion of accounts that are more than 90 days overdue (i.e., delinquent). The historical records of the company show that over the past 8 years, the average has been that 13% of the accounts have been delinquent. For this quarter, the auditing staff randomly selected 250 customer accounts. What is the probability that no more than 40 accounts will be classified as delinquent? (Round to 4 decimal places.)
The probability that no more than 40 accounts will be classified as delinquent is 0.9999.
To calculate the probability, we can use the binomial distribution formula, which considers the number of trials (250 accounts), the probability of success (13% delinquent accounts), and the desired outcome (no more than 40 delinquent accounts).
Using this formula, we find the probability to be 0.9999, or 99.99%, rounded to four decimal places.
The binomial distribution is a probability model that helps us calculate the probability of a specific number of successes in a fixed number of trials. It is applicable when the trials are independent, each trial has two possible outcomes (success or failure), and the probability of success remains constant throughout the trials. In this case, the auditing staff randomly selected customer accounts, and the proportion of delinquent accounts (13%) serves as the probability of success. By applying the binomial distribution formula, we can determine the probability of observing a specific range of delinquent accounts.
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Imagine you are the dining room manager of a restaurant. You are responsible for
creating a set of sanitation rules to be followed by the staff.
The sanitation rules should cover the following aspects:
Service sanitation rules
Personal hygiene and attire rules
Side work rules
In two or more complete sentences, compare and contrast making a purchase with a debit card versus making a purchase with a credit card.
Answer:
When you pay with a credit card you use the bank's money that you have to pay back but with a debit card, you are using money straight out of your account. In the end, you are basically using your money just not in the form of paper.
Explanation:
When you pay with a credit card you use the bank's money that you have to pay back but with a debit card, you are using money straight out of your account. In the end, you are basically using your money just not in the form of paper.
Answer:
The difference between a credit card and a debit card is that when using a credit card, you are borrowing money from the bank. The money does not belong to you and using the credit card will put you in dept, whereas, with a debit card, you are using your own money from your bank account.
In short, credit cards allow you to borrow money while debit cards allow you to access money that is your own.
A basic premise of Adam Smith's invisible hand argument is
_ When people are left to pursue their own economic interests, disaster looms
_ Human beings try to avoid acquisitive behavior
_ The division of labor though good for the firm reduces overall efficiency
_ If businesses are allowed to act in their own self-interest the results will benefit society
Option (d), Adam Smith's invisible hand argument states that if businesses are allowed to act in their own self-interest, the results will benefit society.
This argument rests on the assumption that individuals acting in pursuit of their own self-interest will also contribute to the greater good of society, without any external interference or regulation. Smith believed that the market, driven by the invisible hand of self-interest, would lead to efficient allocation of resources and overall economic prosperity. However, this argument has been critiqued for its failure to account for issues such as income inequality and externalities.
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which of the following would increase the price level? group of answer choices an increase in consumer spending. an increase in taxes. more people decide to get college degrees. a decrease in the natural rate of unemployment.
An increase in consumer spending would increase the price level by increasing demand for goods and services, leading to an increase in prices.
When people spend more money on products and services, it is said that consumer spending has increased. There is a larger demand for goods as consumer spending rises, which drives up costs. It costs more money for customers to buy products and services when prices rise. Consumer expenditure may decline as a result of consumers choosing to preserve money rather than invest it in more expensive goods. As a result, there may be less of a demand for products and services, which may result in a stabilisation or reduction in the price level.
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Dr. Peabody recorded $6,820 in services provided to clients who make monthly payments. Which of the following statements is correct?
A. The dental revenues account is debited $6,820; accounts receivable is credited $6,820.
B. Accounts receivable is credited $6,820; the dental revenues account is credited $6,820.
C. Accounts receivable is debited $6,820; the dental revenues account is debited $6,820.
D. Accounts receivable is debited $6,820; the dental revenues account is credited $6,820.
Answer:
D. Accounts receivable is debited $6,820; the dental revenues account is credited $6,820.
Explanation:
The two accounts that are affected here are accounts receivables ( Assets) and the revenue account ( affects capital). The accounts receivable will increase as payment is expected at the end month. Since receivable are assets, an increase in receives is recorded as a debit of the account receivable account. $ 6,820 will be debited on the accounts receivables.
The services rendered increases the revenue to Dr. Peabody. Revenue is considered a capital account because it increases the owner's equity. An increase in a capital account is credited. Dr. Peabody will credit the dental revenue account with $6,820.
Doctor J. is considering purchasing a new blood analysis machine to test for HIV, it will cost $60,000. He estimates that he could charge $25.00 for an office visit to have a patient's blood analyzed, while the actual cost of a blood analysis would be $5.00. Dr. J got an offer from Central Lab to run an HIV test for him for $15 per test. If he expects to perform 5,000 HIV tests this year, which option should he choose Option 1: outsource all the tests to Central Lab Option 2: buy the machine for $60,000 and incur the internal cost is $5.0 per test Regardless, Dr. J would still charge $25 per test None of the other choices are correct Option 2 Option 1 and 2 are equally good Neither Option I nor Option 2 Option 1
Dr. J should choose Option 2 as it would be more financially beneficial to purchase the machine and incur the internal cost of $5.00 per test.
To determine which option is more favorable for Dr. J, we need to compare the costs and revenues associated with each option. Let's analyze the two options: Option 1: Outsource all the tests to Central Lab
Cost per test: $15.00 (charged by Central Lab)
Number of tests: 5,000
Total cost: $15.00 * 5,000 = $75,000
Option 2: Buy the machine and perform the tests internally
Cost per test: $5.00 (internal cost)
Number of tests: 5,000
Total cost: $5.00 * 5,000 = $25,000 (considering only the internal cost)
Additionally, Dr. J would charge $25.00 per test, regardless of the option chosen. Therefore, the revenue for both options would be $25.00 * 5,000 = $125,000.
Now, let's calculate the total profit for each option:
Option 1: Revenue - Cost = $125,000 - $75,000 = $50,000
Option 2: Revenue - Cost = $125,000 - $25,000 = $100,000
Based on the calculations, Option 2 (buying the machine and performing the tests internally) would yield a higher profit of $100,000 compared to Option 1's profit of $50,000. Therefore, Dr. J should choose Option 2 as it would be more financially beneficial to purchase the machine and incur the internal cost of $5.00 per test.
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Your portfolio is weighted 63% in a RISKY asset and 37% in the RISK FREE asset. The expected return on RISKY assets is 10% and the RISK FREE rate is 3%. What is EXPECTED RETURN of your portfolio
The expected return of your portfolio is 7.41%.
Portfolio expected returnUsing this formula
Portfolio expected return=(Risky Asset weight × Risky expected return) + (Risk free Asset weight × Risk free expected return)
Let plug in the formula
Portfolio expected return=(63%×10%)+(37%×3%)
Portfolio expected return=6.3%+1.11%
Portfolio expected return=7.41%
Inconclusion the expected return of your portfolio is 7.41%.
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During the two years he has been working, Jeffrey has saved some money to buy a house. His parents have agreed to loan him part of the down payment, and he has started to look for a house he can afford. He discovered a great house that has two apartments in it. He has looked at all the information carefully, done his budget, and thinks he can afford the house because he will live in only part of it and will rent out the other half. If Jeffrey buys this house, lives in the apartment upstairs and rents out the apartment downstairs, which of the following is true?
Answer:
you have to give "the following"