Respond by (1) Identifying the type of syllogism below (Categorical, Disjunctive, Conditional) and (2) explain, in your own words, why the structure of the syllogism may be correct, but the conclusion could be false.
Major Premise: If the sidewalk is wet, then it must have just rained.
Minor Premise: The sidewalk is wet.
Conclusion: Therefore, it just rained.
Answers
The type of syllogism being used in the given sentence is a conditional syllogism.
What is Syllogism?This refers to the use of reasoning in order to draw conclusions about something based on two premises.
Hence, we can see that conditional syllogism was used in the given premises and this is because it made use of either-or to show that if the sidewalk was wet, then that means that it must have rained.
This reasoning is faulty because there are different possible reasons for the sidewalk to be wet and not just rainfall.
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Related Questions
A business would like to increase consumer demand for a product that has
not been selling well. According to the law of demand, how could the
business accomplish this goal?
OA. By increasing the supply of the product
B. By selling the product at a lower price
C. By selling the product at a higher price
D. By decreasing the supply of the product
SUBMIT
Answers
Answer:
B. By selling the product at a lower price
Explanation:
According to the law of demand, the business can increase consumer demand for a product that has not been selling well by selling the product at a lower price.
Therefore, the correct answer is B. By selling the product at a lower price.
Mr Ashok has a company, and has an option to issue different types of preference shares. State all the types preference shares a company can issue.
Answers
Cumulative preference shares: These are types of shares where shareholders are given the right to receive dividends for those years where dividends could not be paid due to insufficient profits.
Non-cumulative preference shares: These are types of shares where shareholders are not given the right to receive dividends for those years where dividends could not be paid due to insufficient profits.
Participating preference shares: With participating preference shares, the issuing company must pay an increased dividend to the owners of preference shares if there is a participation clause in the share agreement. This clause states that a certain portion of earnings (or of the dividends issued to the owners of common stock) will be distributed to the owners of preferences shares in the form of additional dividends.
Convertible preference shares: These are preference shares that can be converted into common stock if a shareholder wants to change its holding position. They are converted into a predetermined number of preference stocks.
Non-convertible preference shares: These are preference shares where the holder of a preference share has not been conferred the right to get their holding converted into equity share.
Redeemable preference shares: These are preference shares that can be repurchased or redeemed by the issuing company at a fixed rate and date.
In summary, a company can issue different types of preference shares, including cumulative, non-cumulative, participating, convertible, non-convertible, and redeemable preference shares.
In order to make an informed career decision, a high school student will want to:
A.choose a career that offers the amount of money desired
B. develop personal goals, complete an interest inventory, and research careers
C. choose a training program that will guarantee emptByment after the course work is completed
D. commit to a profession that requires a college degree
Answers
Answer:
A.choose a career that offers the amount of money desired
Vince plans to open a self-serve grooming center in a storefront. The grooming equipment will cost $365,000, to be paid immediately. Vince expects aftertax cash inflows of $79,000 annually for 7 years, after which he plans to scrap the equipment and retire to the beaches of Nevis. The first cash inflow occurs at the end of the first year. Assume the required return is 13 percent. What is the project's Pl?
Answers
The answer is "PI is less than 1" so, the project should not be accepted.
The computation of the Pi is shown below:
As we know that,
Profitability index = Present value of cash inflows ÷ Initial investment
The Present value of cash inflows:
PVA = Periodic amount × (1 - (1 + interest rate) - time period ÷ interest rate)
= $67,000 × (1 - (1 + 13%) - 7 ÷ 13%)
= $67,000 × (1 - ( 1+ 0.13) - 7 ÷ 0.13)
= $67,000 × (1 - ( 1.13) -7 ÷ 0.13)
= $67,000 × (1 - 0.42506064374) ÷ 0.13)
= $67,000 × (0.57493935626 ÷ 0.13)
= $67000 × 4.422610432
= $296,314.90
Now the Profitability index is
= $296,314.90 ÷ $325,000
= 0.9117
As, the PI < 1 so the project should not be accepted.
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why is it important to understand the competition your business faces?
Answers
Answer:
It can help you to make your products, services and marketing stand out. You can use this knowledge to create marketing strategies that take advantage of your competitors' weaknesses, and improve your own business performance.
Dustin, who is 48 years old, works for Pinnacle Inc., with a salary of $300,000, a car allowance, and a very nice expense account. Pinnacle is a Fortune 1,000 company that sponsors a defined benefit plan that pays 2 percent times years of participation times the average of the three final years of compensation. In addition, Pinnacle sponsors a 401(k) / profit sharing plan and contributes 18% of employees salary to the profit sharing plan. There is no additional match. If the ADP of the NHCEs is 3%, what is the maximum that Dustin can defer this year (2020)? a. $17,100. b. $14,250. c. $19,500. d. $5,700.
Answers
Answer:
c. $19,500.
Explanation:
Given that Pinnacle offer 401(k) proft sharing plan to Dustin, and Dustin is a 48 years old man. It should be noted that one of the benefits of this plan is that it allows the person involved to defer a portion of his paycheck to retirement account each month automatically.
However, it comes with certain limitations on how much can be saved. The limitation is dependent on age and compensation level. In which for the year 2020, the individual 401(k) contribution limit is pegged at $19,500, or $26,000 if such individual's age is 50years and above.
Hence, given that Dustin is 48 years old, the maximum that Dustin can defer this year (2020) is $19500. This is in contrast to the last year 2019, the individual 401(k) contribution limits were $19,000, or $25,000 if such individual is 50years and above.
When materials are requisitioned and transferred in, all of the following accounts may be included on the journal entry except
Answers
Except for finished goods, when components are commandeered and transferred, they may be listed on the journal entry.
Describe a journal entry.In your financial statement, a journal entry serves as a chronicle of a financial contract. Every transaction necessitates at least handwritten notes in double-entry recordkeeping. A bookkeeper keeps track of the events that a transaction can bring about in a business by recording them in their journal.
Seven journal entries are what?The seven key types of handwritten notes used in accountancy are described in detail here: I Simple Entry, (ii) Complex Entry, (iii) Starting Entry, (iv) Transferred Entries, (v) Closure Entries, (vi) Adjustments Entries, and (vii) Trying to rectify Entries.
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Customer: "Will you delve into this problem?"
Yes, I will respond to this problem.
Yes, I will escalate this problem.
Yes, I will understand this problem.
Yes, I will research this problem.
Yes, I will ignore this problem.
Answers
Answer:
the cancer is the fourth responce
The correct option is D). Yes, I will research this problem.
What are the different ways in responding to customer complaints?A customer is an individual who buys products or services from a store, restaurant or other retail seller. As per business definition, customer is the king of the market. Customer is the most important part of your business because without the customer, there would be no sales.
It is really important to respond to the customer's complaints and concern by providing them best and appropriate customer services. Listen to their problems very carefully and always treat all complaints positively and seriously.
Empathy and sympathy are two important terms that need to be consider appropriately while handling customer's complaints.
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3. The Bitternut Company began operations on January 1, 2011. The company estimates that $0.06 of warranty costs will be incurred for each $1 of sales. In 2011, Bitternut's sales were $100,000, and payments arising out of warranty obligations were $4,000. Instructions (0.5 point each) (d) Prepare the December 31 journal entry for warranty expense using the modified cash basis. (e) Prepare the December 31 journal entries for warranty expense using the expense warranty accrual method. (1) Prepare journal entries for the sales and warranties using the sales warranty accrual method.
Answers
If the Bitternut Company began operations on January 1, 2011. No entry is required under the modified cash basis as warranty expense is only recognized when payments are actually made.
How to prepare the journal entries?(d) Journal entry for warranty expense using the modified cash basis:
No entry is required under the modified cash basis as warranty expense is only recognized when payments are actually made.
(e) Journal entries for warranty expense using the expense warranty accrual method:
December 31, 2011
Debit Warranty Expense $2,000
Credit Estimated Warranty Liability $2,000
( Warranty expense is recognized based on the estimate of $0.06 for each $1 of sales, which is $6,000 for the year. However, payments made for warranties during the year were only $4,000. Therefore, the estimated warranty liability is $2,000 [$6,000 - $4,000].)
(1) Journal entries for the sales and warranties using the sales warranty accrual method:
January 1, 2011
Debit Cash $100,000
Credit Sales Revenue $100,000
(This journal entry records the sale of products for cash.)
December 31, 2011
Debit Warranty Expense $6,000
Credit Estimated Warranty Liability $6,000
(Warranty expense is recognized based on the estimate of $0.06 for each $1 of sales, which is $6,000 for the year.)
December 31, 2011
Debit Estimated Warranty Liability $4,000
Credit Cash $4,000
(This journal entry records the payment made for warranty claims during the year.)
April 1, 2012
Debit Estimated Warranty Liability $2,000
Credit Warranty Expense $2,000
(This journal entry records the adjustment for the estimated warranty liability at the end of the year, which is $2,000 [$6,000 - $4,000]. The expense is recorded in the current year as the warranty claims relate to sales made in the current year.)
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centurion co. had the following accounts and balances at december 31: account debit credit cash $ 10,800 accounts receivable 2,160 prepaid insurance 2,720 supplies 1,160 accounts payable $ 5,400 common stock 5,380 service revenue 7,800 salaries expense 580 utilities expense 1,160 totals $ 18,580 $ 18,580 using the information in the table, calculate the company's reported net income for the period.
Answers
The company's reported net income for period is $5400.
What is net income?According to accounting and business terminology, net income is an entity's revenue less its costs, cost of goods sold, depreciation and amortization, interest, and taxes for a particular accounting period. The difference between all sales, gains, and losses for the time period is used to calculate the net growth in shareholders' equity as a result of a company's operations. Net income is the amount of money that a household or an individual has left over after all taxes and other deductions have been made. Net income may be distributed as a dividend to Common Stockholders in addition to being added to the Company's Retained Earnings. Profit and earnings are both terms that are used to refer to income, hence net earnings and net profit are frequently used interchangeably with net income.
Net income=$10,800-$5,400=$5,400
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Answer: Net Income: $ 6060
Explanation: Make income statement:
REVENUE
Service Revenue 7800
EXPENSES
Salaries Expenses 580
Utilities Expenses 1160
TOTAL EXPENSES 1740
Net income (7800-1740)= 6060
Consider a production line with five stations. Station 1 can produce a unit in 15 minutes. Station 2 can produce a unit in 12 minutes. Station 3 has two identical machines, each of which can process a unit in 20 minutes (each unit only needs to be processed on one of the two machines. Station 4 can produce a unit in 8.5 minutes. Station 5 can produce a unit in 11 minutes.
Required:
Which station is the bottleneck station?
Answers
Answer:
Bottle neck stations are the ones which take more time than the previous station because of which units received per hour our more than units created per hour creating a bottleneck.
In this case Station 2 is taking more time than station 1. (10>9)
Station 3 has 2 machines so although one machine takes more time than station one because of having 2 machines the time can be divided by 2 so there is no bottle neck here. (6<10)
Station 4 takes less time than station 2. (5<6)
Station 5 takes more time than station 4. (8>5) but station 5 is not a bottle neck because it is the last station so it is not slowing the units from going on to another station or the next station, because the good is finished here there is no bottle neck
The only bottle neck is station 2 because it takes more time to send one unit to the next unit compared to receiving one unit from station 1.
Explanation:
Explanation:
"Station 1" is the bottleneck station.
According to the question:
Station 1's Effective processing time
= 15 minutes
Station 2's Effective processing time
= 12 minutes
Station 3's Effective processing time
= \(\frac{20}{2}\)
= 10 minutes
Station 4's Effective processing time
= 8.5 minutes
Station 5's Effective processing time
= 11 minutes
Station 1 seems to be the most efficient processing duration as well as being the bottleneck location.
Thus the above answer is the correct one.
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You have a colleague who decided the organization should pursue a new technology. Nine months into the project of transitioning to the new technology, based on new information you are convinced that the new technology is not going to work out as anticipated. In fact, you expect it to be a colossal failure. However, when you try to talk to your colleague about the issue, she won’t listen to your arguments. She is adamant that this new technology is the correct direction for your organization. Why do you think she is so resistant to seeing reason?
Answers
She is resisting from the radical changes in order to prove herself and her philosophy in the company.
What is Organization?Organization refers to the group of people working together in order to achieve the common goals of the management. There are a variety of people present in the organization which work and socializes with each other to impact the working of the organization.
According to the above situation, the decision between the two individual has been made to adopt the new technology for the organization. One of them released that it will be a failure to have the new technology and decides to give the plan.
However, the other individual is resisting to do so because it will bring the radical changes in the organization. She is fighting drastic changes in order to establish herself and her ideas within the organization.
Therefore, it can be concluded that She is so determined because her coworkers and managers encourage her.
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what is the time period of a loan for $3,000, at 10% ordinary interest, if the amount of interest is $145.00? (round any fraction to the next higher day) a.174days b.176days c.178days d.177days
Answers
Time period of $3000 at the rate of 10% interest rate, whose interest is $145 would be 177 days.
Explanation:
I = P*R*T
145 = 3000*0.10*t
145 = 300t
T= 0.4833/365
T = 177 days
Thus, this loan would have a 117-day term.
What is simple interest?
Simple interest is a quick and simple formula for figuring out how much interest will be charged on a loan. The daily interest rate, the principle, and the number of days between payments are multiplied to calculate simple interest.
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2. Should the U.S. government support U.S. tobacco company interest abroad if they are using harmful tactics
Answers
When a tactics is harmful causing various harms to human health or posing threat it should not be supported.
What are Harmful tactics?They are some actions that are taken a particular time to achieve a particular goal and objective which is short time.
This actions are harmful and the results are usually detrimental.
Therefore, U.S. government should not support U.S. tobacco company interest abroad if they are using harmful tactics.
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Which budget items (costs) would you include and exclude in your training budget?
Answers
Some of the items that should be included in a budget includes:
Groceries.Housing.Basic utilities.Transportation.Insurance, etc.What is a Budget?This refers to the use of financial planning to make provisions for finance and income.
Hence, we can see that budget is made with the aim of making sound financial decisions that would keep one out of insolvency and extreme debt.
Please note that your question is incomplete so I gave you a general overview to help you get a better understanding of the concept.
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The liabilities of Oriole Company are $117,000 and the owner’s equity is $227,000. What is the amount of Oriole Company’s total assets?
Answers
Answer:
$344,000
Explanation:
Assets, liabilities, and equity combine to form the accounting equation. their relationship in the accounting equation is as follows,
Assets = Equity + Liabilities
In this case,
Asset =??
Liabilities=$117,000
Equity =$227,000
Therefore,
Assets = $117,000 + $227,000
Assets = $344,000
You've noticed that a significant number of your website's customers--36.2%--abandon their shopping carts at the first stage of the checkout process, which asks them to create or sign in to their account. What's the best thing you could do resolve this particular problem in the checkout process? A. Allow people to check out as guests B. Design the checkout form to auto-populate account info for repeat customers C. Offer free shipping on orders over $100 D. Describe your secure server with SSL encryption
Answers
Please answer the question.
Answers
Based on the charts, the federal tax income withholding for these employees is $82, $85, $50, and $72.
How do you know the federal tax income withhold for an employee?The federal tax income withhold varies depending on two main factors:
Your status (married vs single)Your week incomeBased on this, government agencies create reference tables for single and married people that show them the amount of money for tax depending on their income. You can identify this by looking at the tables and finding out the range of your weekly income.
Note: Below I attach the missing information:
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E-Z-Rest Motel is a motel with 216 rooms located in the center of a large city in Mississippi. It is readily accessible from two interstate highways and three major State highways. The motel solicits patronage from outside Mississippi through various national advertising media, including magazines of national circulation. It accepts convention trade from outside Mississippi. and approximately 75 percent of its registered guests are from out of State Y. An action under the Federal Civil Rights Act and the Commerce Clause has been brought against E-Z-Rest Motel alleging that the motel discriminates on the basis of race and color. The motel contends that the federal law cannot be applied to it because it is not engaged in interstate commerce. Can the Federal government regulate this activity under the Interstate Commerce Clause? Why?
Answers
Answer: Yes. The Federal government can regulate this activity under the Interstate Commerce Clause.
Explanation:
From the information given, the case summary is that E-Z-Rest Motel discriminates on the basis of race and color.
The Commerce Clause provides the Federal Government to regulate the activities of the hotel. Because the motel us discriminating, the Congress has the right to stop it from operation.
Two products, QI and VH, emerge from a joint process. Product QI has been allocated $28,300 of the total joint costs of $49,000. A total of 2,300 units of product QI are produced from the joint process. Product QI can be sold at the split-off point for $12 per unit, or it can be processed further for an additional total cost of $10,300 and then sold for $14 per unit. If product QI is processed further and sold, what would be the financial advantage (disadvantage) for the company compared with sale in its unprocessed form directly after the split-off point?
Answers
Answer:
Gain from selling at the split-off point = $12 * 2,300
Gain from selling at the split-off point = $27,600
Gain from Processing further = $14 * 2,300 - Processing cost ($10,300)
Gain from Processing further = $ 32,200 - $10,300
Gain from Processing further = $21,900
Overall profit
= $27,600 - $21,900
= $5,700 (Decrease in overall profit )
Hence, if product QI is processed further and sold, then overall profit will be decreased by $5,700
Taylorism emphasises the formal structure, hierarchy of management, the technical requirements and the assumption of rational behaviour Question Attachment: Answer O True O False
Answers
Taylorism underlines the conventional construction, order of the executives, the specialized prerequisites and the supposition of judicial way of behaving is a genuine assertion.
judicial way , Arrangement of logical administration upheld by Fred W. Taylor. In Taylorism view, the assignment of processing plant the executives was to decide the most effective way for the laborer to finish the work, to give the appropriate apparatuses and preparing, and to give motivations to great execution.
He separated each occupation into its singular movements, examined these to figure out which were fundamental, and planned the specialists with a stopwatch.
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Amazon's start of rapid delivery services in some U.S. cities is an example of which type of strategy?
Answers
Answer:
??????????????????????????
Use the information below to answer questions 7-10 Mandated Company Ltd has established the following inventory levels for his manufacturing establishment: Normal usage Minimum usage Maximum usage Economic Order Quantity (EOQ) Delivery period 7. What is the re-order level? 20,000 units /day 12,000 units /day 26,000 units /day 100,000 units 26-30 days
Answers
The re-order level can be calculated by adding delivery period to the time it takes to receive an order. Therefore, the re-order level is 806,000 units.
What is re-order level?Re-order level is a term used in inventory management that refers to the minimum quantity of a product that a business needs to have on hand before placing a new order. It is also known as the reorder point or the minimum stock level. The purpose of setting a re-order level is to ensure that a business never runs out of stock, which could lead to lost sales and unhappy customers. The re-order level is determined by considering various factors such as lead time, demand variability, and safety stock. It is calculated by subtracting the lead time demand from the desired service level and adding the safety stock. By setting a re-order level, businesses can optimize their inventory management, reduce the risk of stockouts, and ensure they always have enough product to meet customer demand.
Re-order level = Maximum usage × (Delivery period + Time to receive an order) - Minimum usage
Re-order level = 26,000 units/day × (28 days + 5 days) - 12,000 units/day
Re-order level = 26,000 units/day × 33 days - 12,000 units/day
Re-order level = 818,000 units - 12,000 units/day
Re-order level = 806,000 units
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Consider this static method:
public static int[] blend( int[] a, int[] b )
{
int[] c = new int[ a.length + b.length ];
int i = 0;
while ( i < a.length && i < b.length )
{
c[ 2 * i ] = a[ i ];
c[ 2 * i + 1 ] = b[ i ];
i++;
}
if ( a.length < b.length )
{
for ( int j = i; j < b.length; j++ )
c[ i + j ] = b[ j ];
}
else
{
for ( int j = i; j < a.length; j++ )
c[ i + j ] = a[ j ];
}
return c;
}
If a and b are initialized arrays of ints, and if the elements of both arrays are initialized, then which of the following best describes the value of blend( a, b )?
a. An array formed by inserting all the elements of b (in order) after the last element of a.
b. An array formed by inserting all the elements of a (in order) after the last element of b.
c. An array formed by alternating elements from a and b, until one of them is exhausted, followed by any remaining elements of the other array (in order).
d. If a and b have the same length, an array formed by alternating elements from a and b. Otherwise, an array made up of all the elements (in order) of the longer array that extend beyond the length of the shorter array.
Answers
Answer:
The answer is "Option C".
Explanation:
In this question, the choice c is correct because, in this, the choice all the alternate value of the set c array of a and b values. Except the counter is larger than the array length, its loop would exit and this will test the bigger number. Then all values from its bigger array were added to the c array.
New ideas that one cluster or industry discovers can be interesting for those of another. Sometimes, the ideas that are imagined require the help of people from other career clusters, much like Aniyah’s community garden project.
In this activity, listen carefully to Stuart Oda explain the career he chose, what his focus is, and how the idea is working. Can you identify the career cluster that Mr. Oda belongs to? Can you identify his possible job? Perhaps do some research on what his career entails. What types of skills or talents make Mr. Oda successful at his job?
Then, see if you can think of a professional from the other two clusters we considered in this unit who would be interested in learning more about Mr. Oda’s project.
Need ideas for which careers might intersect with Mr. Oda? Check out the career clusters at blah blah blah to get a list of different career titles in that cluster. Once you have decided which professional would be interested in hearing Mr. Oda’s project, research a bit of information on that career. What is its focus? What types of tasks would this person be involved in?
Now that you have some examples of those who might be interested in Mr. Oda’s Ted Talk and the reasons why, you will create a brief advertisement that will be emailed to the professionals in each of the three clusters, inviting them to tune in to learn more. Your advertisement only needs to be a paragraph or so long. It must explain what Mr. Oda’s talk is about and why a professional like themselves might be interested in listening. Make sure you identify how the ideas in Mr. Oda’s talk could contribute to advances in their own field. Connect the skills or talents that Mr. Oda displays with those that the reader may possess.
Using a word processing document, create three advertisements geared towards the professionals from each career cluster: Agriculture, Food, and Natural Resources, Energy, and Health Science.
Please answer all the questions thank you!
Answers
Using a word processing document, the three advertisements geared towards the professionals from each career cluster: Agriculture, Food, and Natural Resources, Energy, and Health Science is given below
What are the advertisements ?The three advertisements geared towards professionals in the agriculture, food, and natural resources career cluster:
"Join the leading agribusiness company in the world! Our team of experts is dedicated to providing innovative solutions to feed a growing population and sustainably use natural resources. As a member of our team, you'll have the opportunity to work on the cutting edge of agriculture and make a real impact on the world. Apply now to join our team!""Looking for a rewarding career in the food industry? We're seeking passionate professionals to join our team at [Company Name], a leader in the production and distribution of quality food products. Whether you're a food scientist, agricultural engineer, or a sales and marketing expert, we have opportunities for you to grow and succeed in the field. Apply now and take the first step towards a fulfilling career in food!""Do you have a love for nature and the outdoors? Join the team at [Company Name], a leader in the conservation and management of natural resources. As a professional in our organization, you'll have the opportunity to work on projects ranging from land and water conservation to renewable energy development. Apply now and make a difference in the world!"Here are three advertisements geared towards professionals in the energy career cluster:
"Join the renewable energy revolution! [Company Name] is seeking talented professionals to join our team as we lead the way in the development and deployment of clean, renewable energy solutions. As a member of our team, you'll have the opportunity to work on exciting projects that make a real impact on the world. Apply now and be a part of the energy future!""Looking for a challenging and rewarding career in the energy industry? [Company Name] is seeking talented professionals to join our team as we work to provide reliable and affordable energy solutions to customers around the world. Whether you're an engineer, a finance expert, or a business development professional, we have opportunities for you to grow and succeed in the field. Apply now and take the first step towards a fulfilling career in energy!""Do you have a passion for sustainability and the environment? [Company Name] is seeking professionals to join our team as we work to reduce our carbon footprint and transition to a more sustainable energy future. As a member of our team, you'll have the opportunity to work on exciting projects that make a real impact on the world. Apply now and be a part of the energy revolution!"Here are three advertisements geared towards professionals in the health science career cluster:
"Join the healthcare revolution! [Company Name] is seeking talented professionals to join our team as we work to transform the healthcare industry and improve patient outcomes. Whether you're a doctor, nurse, or a healthcare administrator, we have opportunities for you to grow and succeed in the field. Apply now and make a difference in the lives of others!""Looking for a rewarding career in the healthcare industry? [Company Name] is seeking passionate professionals to join our team as we work to advance the field of medicine and improve patient care. As a member of our team, you'll have the opportunity to work on exciting projects that make a real impact on the lives of others. Apply now and take the first step towards a fulfilling career in healthcare!""Do you have a passion for helping others? [Company Name] is seeking professionals to join our team as we work to provide top-quality healthcare services to patients around the world. Whether you're a clinician, a researcher, or a healthcare policy expert, we have opportunities for you to grow and succeed in the field. Apply now and make a difference in the lives of othersLearn more about advertisements from
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Why does the bank generally print the address of the check writer on the upper left-hand corner of the check?
Maria V. Bowen’s Check for $42.92 is dated March 6, 2019. Pay to the order of Credit Card Company.
A. To prevent people from bouncing a check (i.e., a NSF transaction)
B. To contact the check writer if a check bounces.
C. To advertise its products on the front of a check.
D. To prevent people from stealing checks.
Answers
To contact the check writer if a check bounces the bank generally print the address of the check writer on the upper left-hand corner of the check.
Option B is correct
The bank generally prints the address of the check writer on the upper left-hand corner of the check to be able to contact the check writer if a check bounces or is returned due to non-sufficient funds (NSF). By having the check writer's address on the check, the bank can contact the check writer to inform them that the check bounced and to try to resolve the issue.
This also helps the bank to verify the identity of the check writer and to prevent check fraud.
Option B is correct
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On the following graph, use the green point (triangle symbol) to plot the weekly total revenue when the market price is $50, $75, $100, $125, $150, $175, and $200 per scooter.
Total Revenue
0
25
50
75
100
125
150
175
200
225
250
275
300
325
8700
8100
7500
6900
6300
5700
5100
4500
3900
3300
TOTAL REVENUE (Dollars)
PRICE (Dollars per scooter)
According to the midpoint method, the price elasticity of demand between points A and B is approximately .
Suppose the price of scooters is currently $200 per scooter, shown as point A on the initial graph. Because the demand between points A and B is , a $25-per-scooter decrease in price will lead to in total revenue per week.
In general, in order for a price decrease to cause a decrease in total revenue, demand must be .
Answers
The weekly total revenue given the market price is attached.
How to explain the informationAt point B: P1 = $125 and Q1 = 70
At point A: P2 = $150 and Q2 = 60
PED between point A and B = ?Q/?P *( P1 + P2 / Q1 + Q2)
= (60 - 70) / (150 - 125) * (125 + 150) / (70 + 60)
= (-10 / 25) * (275 / 130)
= -0.85
The absolute value is 0.85. Since PED is less than 1, demand is inelastic.
According to the midpoint method, the price elasticity of demand between points A and B is approximately 0.85.
Suppose the price of bippitybops is currently $125 per bippitybop, shown as point B on the initial graph. Because the price elasticity of demand between points A and B is inelastic, a $25-per-bippitybop increase in price will lead to increase in total revenue per day.
In general, in order for a price decrease to cause a decrease in total revenue, demand must be inelastic.
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