If, in response to an increase in the price of chocolate the quantity of chocolate demanded decreases, then economists would describe this as a decrease in quantity demanded.
Economists have a look at the manufacturing and distribution of sources, items, and offerings via accumulating and studying facts, discovering traits, and evaluating economic problems.
A person with an economics degree will locate that they are employable in many regions, regardless of the specific industry that they'll paintings in. There is robust demand for graduates with understanding of economics during the global labor market.
An economist is a person who studies the reasoning behind choices humans make and is interested by the usage of facts to boost income, create better public policy or conduct research.
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The __________ method is a framework for operationalizing a firm’s strategic plan by focusing on measurable outcomes based on dimensions of a firm’s performance.
The balanced scorecard method is a framework for operationalizing a firm's strategic plan by focusing on measurable outcomes based on for dimensions of a firm's performance.
A balanced scorecard is a strategic management overall performance metric that enables corporations identify and enhance their inner operations to help their outside consequences. It measures beyond performance records and provides organizations with remarks on the way to make higher decisions in the destiny.
A balanced scorecard (BSC) is described as a control system that gives remarks on both internal enterprise strategies and external results to continuously improve strategic overall performance and results.
A balanced scorecard is a approach performance control device – a well dependent report, that can be utilized by managers to maintain track of the execution of sports by means of the group of workers inside their control and to screen the outcomes arising from those actions.
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melba was involved in an automobile accident. she was found liable for $20,000 in property damages. fortunately, she had pap coverage with a split limit of 25/50/20, a deductible of $500, and a comprehensive deductible of $100. how much will her out-of-pocket expense be for the accident?
Melba had an accident, therefore she has to pay the $600 cost minimum deductible.
Damage to real or tangible personal property resulting from carelessness, malicious destruction, or a natural disaster is referred to as property damage. Similar to vandalism and arson, property damage involves damaging other people's property while causing more physical harm and incurring huge costs.
The insurance's conditions are 25/50/20.
Therefore, the most that will be compensated for property damage is $20,000
The claim in this instance is for $20,000.
Therefore, the complete claim will be approved subject to paying the $600 deductible. This totals $600 after a $500 deductible and a $100 comprehensive deductible.
Melba will incur a $600 loss due to this accident.
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if a nation's goods exports are $55 billion, while its goods imports are $50 billion, we can conclude with certainty that this nation has a
If a country sells $55 billion in products while importing $50 billion in goods, we can be guaranteed that this country has a surplus in the goods balance of trade.
The difference between the monetary value of a country's exports and imports over a specific time period is known as the balance of trade, commercial balance, or net exports. A distinction between a trade balance for products and one for services is occasionally drawn. A flow of exports and imports over a specific time period is measured by the balance of trade. The term "balance of commerce" does not necessarily imply that imports and exports are "equally balanced." A country has a trade surplus or positive trade balance if it exports more than it imports; on the other hand, a country has a trade deficit or negative trade balance if it imports more than it exports.
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ironwood corporation has ordinary taxable income of $25,000 in 2021, and a short-term capital loss of $15,000. what is the corporation's tax liability for 2021? a.$13,650 b.$5,250 c.$10,500 d.$2,100 e.none of these choices are correct.
The correct answer to the given question of Corporation's tax liability of 2021 is option c) 10,500.
Capital gains of the same kind are first offset by losses on your investments. Long-term losses are then subtracted from long-term gains, while short-term losses are first subtracted from short-term profits. Then, net losses of either sort may be subtracted from gains of the other kind.
What Is Tax Liability?
An individual, company, or other entity has a tax liability when they owe money to a federal, state, or municipal taxing body.
When you earn money or make profits off of the sale of an investment or other asset, you often owe taxes on that money. If your income is insufficient to trigger tax filing, you might not owe any income taxes.
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What is the most important purpose of performance management?
Performance management's goal is to give teams and people the tools they need to grow, the respect they deserve to be driven, and the accountability to understand expectations.
Teams' alignment on priorities and the practical application of the organization's principles are ensured by performance management.
Individual's performance will be improved as a result of performance management, which is ultimately communication. Individuals perform better when their work is in line with the company's goals. When people are aware of what is expected of them, get constructive criticism, and have access to essential tools, they perform well.
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which appraisal method will best help guard against recency error? a. critical incident b. forced-choice method c. graphic rating scales d. mixed-standard scale
A critical incident appraisal method will best help guard against recency error.
A significant episode is one that affects an activity or phenomenon, either favorably or adversely. Critical occurrences can be obtained in a variety of methods, but often respondents are asked to share a personal experience.
A traumatic incident, such as an accident, a violent attack, or a death, becomes critical in the workplace when it elicits a significant emotional response from any personnel and impairs output and worker performance.
The World Health Organization (WHO) defines a critical incident as an occurrence beyond the usual experience range that is abrupt and unexpected includes the impression of a threat to life, and may contain components of physical and emotional loss.
Hence the correct option is A
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Which regulatory agencies provide general oversight for the banking industry?the fed and the fdicthe fed and oshathe fdic and the epathe fdic and the fda.
The Fed and the FDIC. The FED and the FDIC are the regulatory bodies that provide general supervision for banking.
Banking is an industry that handles cash, credit and other financial transactions. Banking is defined as the business activity of receiving and keeping money owned by individuals and other entities, and then lending this money to carry out economic activities such as making a profit or simply covering operational costs.
Banks provide a safe place to store extra cash and credit and they offer savings accounts, certificates of deposit, and checking accounts. Banks use these deposits to make loans. These loans include home mortgages, business loans, and car loans.
Banking Functions
Collect funds from the community.Channeling funds to the community.Support smooth payment mechanism.Support smooth international transactions.Money creation.Investment Facility.Storage of valuables.You can learn more about Banking here brainly.com/question/14042269
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what are some reasons why a bank statement would not match a cash balance of a business's records? choose all answers that are correct.
This disparity exists for a number of reasons, which include the following: pending payments. The business has written checks, but they haven't been turned in to the bank yet, Transporting deposits, Interest on money deposited, Bank service charges, Check the cost of printing, Errors by the bank, the company, etc.
The sum of money that a business has on hand at the moment is called its cash balance. This cash is held in reserve to cover any unforeseen cash outflows. Without this financial safety net, companies might find themselves unable to cover their expenses. Normally, cash balances are put toward debt repayment or given as dividends to investors. The balance sheet's "current assets" section contains information on cash. A technique to gauge the health and solvency of an organisation is to track its cash balances over time. The optimal amount of cash that a business aims to keep on hand at any particular time is referred to as a target cash balance. The balance between the potential costs of retaining too much cash and the balance is achieved by this value.
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Morgan has an investment worth $130,000 dollars after 20 years. If his original investment was for $50,000 what must the interest rate have been?.
Morgan's initial investment was $50,000. After 20 years, it becomes $130,000. The interest rate is 4.9%
Assuming the compound interest, the formula for the future value is:
FV = PV (1 + r)ⁿ
Where:
PV = present value
r = interest rate
n = number of periods
Parameters given in the problem:
FV = $130,000
PV = $50,000
n = 20
Plug these parameters into the problem:
130,000 = 50,000 (1 + r)²⁰
(1 + r)²⁰ = 2.6
1 + r = 1.049
r = 1.049 - 1 = 0.049 = 4.9%
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what is the most normative theory guiding your answer? group of answer choices stockholder theory stakeholder (or shareholder) theory social contract theory no answer text provided.
Normative ethics is the study of issues that arise when individuals make decisions or choose to speak out in relation to morality.
Stakeholder theory, considered the most widely accepted theory of business ethics, explains that a company's stakeholders include everyone affected by its business.
One of the key beliefs of stakeholder theory is that the stakeholders of an organization are almost everyone whose organization fails or ceases to exist. Stakeholders therefore include a wide range of groups such as governments, employees, investors, the environment and competitors. The company is healthy. Where broad consultation is impractical, companies can ensure that everyone involved is doing the right thing. For example, treat your employees right, build products that are good for your community, and pay taxes to your government.
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What are the 5 account types?
5 Different Account Types-Revenue, Equity, Assets, Liabilities, Expenses
Every time you sell a good or service, your accounting records need to be updated to reflect the transaction. The appropriate transaction is then added to the corresponding account as soon as this is finished. You must also keep a record of any transactions in which your business purchases goods or services from other companies. This continuous trail of records ensures that your business runs at a high level. Because you'll know how much working capital you have on hand, you'll be able to make crucial business decisions thanks to precise financial reporting. Because of this, each account should show the appropriate quantities, letting you know what each one includes.
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define fiscal policy and explain whether the government should implement an expansionary or contractionary fiscal policy during the pandemic.
Expansionary fiscal policies include increased government spending or tax cuts. An economy that overproduces must shrink. In that case, contractionary fiscal policy is the right choice.
What is government?
The federal government consists of three distinct branches—legislative, executive, and judiciary—whose powers are delegated by the United States Constitution to the Congress, the President, and the federal courts, respectively.Government is the state or community system of government. The Colombian Encyclopedia defines government as "a system of social control in which the right to make laws and the right to enforce laws belong to specific groups in society."Each type of government comes to power and governs in its own way.
Learn how to take power and how to govern each form of government: monarchy, democracy, oligarchy, authoritarianism and totalitarianism.
Various forms of government include direct democracy, representative democracy, socialism, communism, monarchy, oligarchy, and dictatorship.
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g fica taxes are a deduction from employee earnings and are also imposed upon employers as an expense. group of answer choices false true
FICA taxes are a deduction from employee earnings and are also imposed upon employers as an expense.
The Federal Insurance Contributions Act targets both employees and employers to fund Social Security and Medicare (federal programs that provide benefits to pensioners, the disabled, and children of deceased employees). US federal wage contributions.
Both the employee and employer pay her FICA tax at the same rate. The FICA tax is divided into two parts: the Social Security tax and the Medicare tax. The 2022 Social Security tax rate is 6.2% of wages and the Medicare tax rate is 1.45% of wages. These add up to a FICA tax rate of 7.65%.
No, but they are closely related. FICA (Federal Insurance Contributions Act) basically refers to taxes that fund social security retirement, disability, survivor, spousal, and child benefits. The FICA tax is also part of the Medicare budget.
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abbott company uses the allowance method of accounting for uncollectible receivables. abbott estimates that 4% of credit sales will be uncollectible. on january 1, allowance for doubtful accounts had a credit balance of $3,300. during the year, abbott wrote off accounts receivable totaling $2,500 and made credit sales of $116,000. after the adjusting entry, the december 31 balance in bad debt expense will be
It's necessary to entry next journal entry to adjust the Allowance for Uncollectible Accounts. The December 31 balance in the bad debt expense will be $ 2,400.
What is bad debt?A bad debt, also known as an expense for uncollectible accounts, is a quantity of money owing to a creditor that is unlikely to be paid and for which the creditor is not ready to take action to collect for a number of reasons, typically because the debtor lacks the funds to do so. There are different technical definitions of what a bad debt is, depending on accounting procedures, regulatory considerations, and the institution provisioning. In the USA, bank debts that are more than 90 days past due are referred to as "problem loans." Accounting standards require that the full amount of a bad debt be recorded in the profit and loss account or provision for bad debts as soon as it is anticipated.
Allowance for the Uncollectible Accounts $ 3,000
Bad debt expense $ 2,400
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if you’re using the high rate method, which debt do you focus on first after you’ve made all of your minimum payments?
When using the high-rate method for managing debt, you should focus on paying off the debt with the highest interest rate first, after making all of your minimum payments.
This approach, also known as the "snowball method" or the "avalanche method," involves paying off your debts in order of their interest rate, starting with the one that has the highest interest rate and working your way down to the debt with the lowest interest rate. By focusing on the debt with the highest interest rate first, you can save money on interest payments over time and pay off your debt faster. This method can be effective for people who have multiple debts with different interest rates and want to pay off their debt as efficiently as possible.
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on october 31, legacy rocks inc., a marble contractor, issued for cash 400,000 shares of $10 par common stock at $18, and on november 19, it issued for cash 50,000 shares of preferred stock, $75 par at $80. a. journalize the entries for october 31 and november 19. b. what is the total amount invested (total paid-in capital) by all stockholders as of november 19?
As of the reporting period, the company's overall equity, or equity primarily attributable to stockholders, is reported in the stockholder's equity section of the balance sheet.
This includes the company's par-valued stocks, retained earnings, and other comprehensive income, as well as any stocks issued above par.
November 19 Cash (50,000 * 80) 4,000,000 Preferred stock (50,000 * 75) 3,750,000 Paid in capital in excess of par - preferred stock 250,000 Cash (400,000 * 18) 7,200,000
Common stock (400,000 * 10) 4,000,000 Paid in capital in excess of par - common stock 3,200,000.
Preferred stock: $3,750,000 Common stock: $4,000,000 Paid in capital above par: preferred stock: $250,000. Paid in capital above par: common stock: $3,200,000.
Capital expenditures total $11,200,000.
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mia purchased $167 worth of old picture frames (on account) to be sold to customers at her photography studio. which account would be debited for this transaction?
Inventory will be debited for this transaction.
In income, commerce, and economics, a customer is the recipient of an amazing, service, product, or concept - obtained from a supplier, seller, or dealer via an economic transaction or trade for money or some different precious consideration.
A customer is a character or business that purchases another corporation's goods or services. Clients are vital due to the fact they power sales; without them, agencies can't live.
A customer is someone who buys products or services from a company, whilst a customer refers to a certain kind of client who purchases professional services from a business.
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which aspect of the workforce scorecard is concerned with whether the workforce has the skills to execute the strategy?
Leadership and Workforce Behaviors is concerned with whether the workforce has the skills to execute the strategy.
How could the workforce scorecard be a crucial lever in the strategy execution process?A key tool in how organizations execute their strategies is the workforce scorecard. According to the Workforce Scorecard, investments in people should support the execution of strategy through elements like as attitude and culture, competencies, and behavior.When used in HR, the Balanced Scorecard assists managers in coordinating all HR initiatives with the strategic objectives of the business. Managers can monitor goal progress and make sure that actions are geared toward strategic objectives by assigning metrics to them. It improves precision and enables managers to spot deficiencies right away.To learn more about Balanced Scorecard refer,
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the increasing cost and volatile prices of natural resources is a key driver of sustainable marketing. the increasing cost and volatile prices of natural resources is a key driver of sustainable marketing. true false
The increasing cost and volatile prices of natural resources is a key driver of sustainable marketing. the increasing cost and volatile prices of natural resources are key drivers of sustainable marketing. False
Sustainable marketing is the promotion of environmentally and socially accountable merchandise, practices, and brand values. if you've ever spent a touch bit greater on something due to the fact you knew it turned into domestically sourced or 100% recyclable, you've got experienced sustainable advertising.
As an example, if clients value a product's residences, the organization can also market the product as being crafted from recycled substances. If customers recognize a product's capacity to save them time, the enterprise may additionally market the product as being easy to apply and time-saving.
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you work at a marketing agency and your client is looking to understand the short-form content trend. how should you summarize this trend to them?
Short-form content is in trend as the content is universally accessible. There is a sense of universality to short-form content creation and consumption. Many popular creators make videos that don't require individuals to speak a specific language to understand the video's visual contents.
Language is a well-organized form of communication. A language's lexicon and grammar together make up its free components. Speaking, signing, and writing are just a few of the different ways that languages may be used to communicate. Languages are the main way that people interact with one another.
The writing systems of many languages, including the most extensively used ones, allow sounds or signs to be stored and later reactivated. Between cultures and over time, human language varies greatly. Human languages depend on social convention and learning, and they have the traits of production and displacement.
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a zero-based budget is a budget that is continuously updated so that the next 12 months of operations are always budgeted.A. TrueB. False
A zero-based budget is a budget that is continuously updated so that the next 12 months of operations are always budgeted. [FALSE]
The correct answer is rolling budget.
About Zero Based-BudgetingZero Based Budgeting has another name as an unfinished budget.
Which is done with the assumption that each allocation starts from zero.
This type of process does not consider activities in the previous period.
Usually these budgets are bottom-up and top-down because the budgeting process requires discussion between employees and management.
This type occurs when the company experiences financial restructuring due to the impact of economic changes or internal company impacts.
Functions and Objectives of the BudgetAs a form of communication bottom-up to high management or related parties in a project or work for a certain period. So that management knows what is the priority of spending.
As material for assessing the feasibility of a job or project to be carried out. As material for planning a review of organizational or company finances to determine what resources are appropriate for use based on financial value. As a measuring tool, comparison, evaluation, control over the performance of activities or projects that have been done. Ensuring the business goes according to plan and commitment. So that all expenses are measurable. Measure the remaining finances that can later be used for the next period. As a reference in making decisions in implementing implementation methods so that available resources can be maximized.Learn more about zero-based budget at https://brainly.com/question/23218253.
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: economic growth will lead to safer workplaces as workers use their increased wealth to buy more safety. economic growth will lead to safer workplaces as workers use their increased wealth to buy more safety. false true
Economic growth will lead to safer workplaces as workers use their increased wealth to buy more safety. economic growth will lead to safer workplaces as workers use their increased wealth to buy more safety. its true.
Economic growth is the rise or improvement in the market value of the commodities and services generated by an economy within a given fiscal year, adjusted for inflation. Traditionally, statisticians have calculated growth as a percentage rate of real gross domestic product, or real GDP. In order to remove the inflationary distortion on the prices of produced items, growth is typically calculated in real terms, or terms adjusted for inflation. Economic growth is measured using national income accounting. The ratio of GDP to population is a typical metric used to compare the economic growth rates of different nations.
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true or false: backlinks to a site fit into one of three categories: editorial, manual, or manufactured.
Backlinks to a site fit into one of three categories: editorial, manual, or manufactured is a true statement.
What is a backlink?A backlink seems to be a link towards that specific webpage from another website. A website, web browser, or online catalog are all examples of web resources. An analogous connection to a citation is a backlink.
Any backlinks to something like a website are divided into one of three classifications: editorially acceptable content manually approved links, or fabricated links, such as blog comments without clearance. Link text The importance of these recommendations rises if the title tag of the hyperlinks to a page contains pertinent keywords.
Either new material is added to another website or a backlink is obtained from a previously existing document that is used to establish a manually built backlink.
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a fixed budget, also known as a static budget, has resources allocated on a single estimate of costs. that budget amount ______.
A fixed budget, also known as a static budget, is a budgetary plan that remains constant, i.e. does not change with changes in the volume of input and output such as sales, production units, activity level, and so on.
A fixed budget assists a business in achieving peak performance by monitoring revenues, sales, and expenses. By comparing each department's performance to a fixed budget and identifying and analyzing variations, the organization can achieve its long-term financial goals.
Management, such as managers, chief financial officers, and accountants, may use a fixed budget to analyze and develop financial controls. It functions as a system check tool, preventing overspending and tallying expenditure with revenue generated by sales.
A well-managed fixed budget also aids in the development of cash flow projections. In simple terms, a fixed budget is a planning tool that enables an organization to monitor all revenue generated and all expenses incurred, thereby assisting it in meeting its financial objectives.
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Why is it called a checking account?
Writing checks is a common banking service that gave rise to the name checking account. It is known as a current account in the UK and many other nations. With a bank or another financial organization like a credit union, a person can open a current account.
A checking account is a type of bank account that allows for easy daily cash deposits and withdrawals. For instance, you can deposit a check you receive, withdraw cash with your debit card, or set up direct deposit to get your paychecks. You can keep track of your payments and stick to your spending plan by keeping all of your financial activities in one place, which is your checking account. Furthermore, because it is a flexible account, managing daily financial responsibilities like collecting paychecks, making purchases, and paying bills is made easier. A checking account and a savings account are fundamentally different from one another in that the former is primarily used for daily access to your money while the latter is intended for saving.
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non-records may only be removed from dha custody when proper authorization has been received.
True, Non-records may only be taken out of DHA custody with the right authorization.
Authorization, also known as authorisation, is the function of specifying access rights/privileges to resources, which is related to general information security, computer security, and, in particular, access control. In more formal terms, "to authorize" means "to define an access policy."
It is the process by which a server determines whether or not a client is authorized to use a resource or access a file.Authentication and authorization are frequently combined so that the server can identify the client who is requesting access.
non-records may only be removed from dha custody when proper authorization has been received.True/False.
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landrum corporation's required rate of return on investments is 14%. what is the accounting rate of return on the investment?
Landrum corporation's Their return on investment is C, which is 7.60%.
The whole first is to figure out the value of total net profit.
Overall Income Statement - Total Degradation reflects the sum net earnings value.
$325,000 - ($250,000 - $20,000) is indeed the total net profit value.
Value of Total Net Income = $325, -230
$95,000 is the total net income value.
The next step is to determine the average net income.
Average total revenue / the number of years equals average net income.
= $95,000 / 5 = average net income
Net income on average is $19,000.
Permit us to now determine the rate of return.
(Average yearly revenue / Primary Investment) * 100 is the accounting rate of return.
($19,000 / 250,000) * 100 is the accounting rate of return.
7.60% is the accounting rate of return.
Therefore, the Rate Of return is 7.60%.
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A monopoly make positive economic profit in the long run because
A. can; new technology constantly lowers costs for the monopoly firm and for its competitors
B. can; barriers to entry prevent other firms from entering the market and sharing the profit
C. cannot: other firms will enter the market until all firms are earning zero economic profit
D. cannot: eventually demand will decrease and prices will fall
A monopoly make positive economic profit in the long run because can; barriers to entry prevent other firms from entering the market and sharing the profit.
Can a monopoly generate long-term positive economic profit?Even over the long term, large entry barriers keep businesses from entering the market. As a result, the monopolist may be able to avoid competition in the long run and make good economic profits.
What are the top three causes of entry barriers for monopolies?However, due to one specific aspect of monopoly, these earnings do not generate the kind of fierce rivalry that Perfect Competition describes. The market, technological, or legal forces known as entry barriers deter or stop potential competitors from entering a market.
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Which ONE of the following statements describes MANAGERIAL accounting BETTER than it describes financial accounting?
a) Has standardized information requirements
b) Includes budget and forecast data Is disseminated to the public
c) is subject to an independent external audit
The statement that describes managerial accounting better than financial accounting is b) includes budget and forecast data.
Importance of managerial accountingManagerial accounting or management accounting collects, analyzes, and interprets information obtained from financial accounting and other sources to help management make better decisions to achieve goals and optimize el performance of the business.
Managerial accounting is only for internal use by managers and shareholders of the organization. It is not mandatory to prepare and audit it. It serves as a vital source of data for planning, forecasting, and managing.
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trade secrets have an unlimited duration, i.e. do not expire after a fixed period of time..A. TrueB. False
It is true that trade secrets have an unlimited duration, i.e. do not expire after a fixed period of time.
What are trade secrets?Trade secrets are confidential pieces of information that provide a business with a competitive advantage, such as formulas, patterns, compilations, programs, devices, methods, techniques, processes, or strategies. Trade secrets are usually protected under state and federal laws, and can include customer lists, manufacturing processes, business plans, and marketing plans.
The key to protecting trade secrets is to keep them confidential and not allow them to be disclosed to anyone outside of the company. Companies must also take steps to keep trade secrets secure, such as using encryption, limiting access to certain parts of the company, and keeping the information in secure storage.
Trade secrets have an unlimited duration, meaning they do not expire after a fixed period of time. This is because trade secrets are protected by law and are not just limited to a certain amount of years. Trade secrets are business information that is kept confidential and are not available to the public. They are protected by law and can include customer lists, formulas, recipes, manufacturing processes, and other business information. Trade secrets have an unlimited duration, meaning they do not expire after a fixed period of time. This is because trade secrets are protected by law and are not just limited to a certain amount of years. Companies must take measures to keep trade secrets confidential, such as only disclosing the information to employees who need to know it and implementing security measures to protect the information.
It can be concluded that trade secrets have an unlimited duration, i.e. do not expire after a fixed period of time.
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