Zion Co. paid cash for an upgrade to an existing machine that would reduce the amount of waste produced by the machine (and therefore, increasing efficiency). The journal entry to record this upgrade would include which entries?Subsequent Cost on Property, Plant and Equipment:Subsequent Cost on Property, Plant and Equipment includes repairs, modifications, alterations, betterments and others. These cost can either be capitalized as cost of the asset or expensed on the period it is incurred.
Answers
Credit to Cash and Debit to Machinery journal entries would be used to document this modification.
What exactly is a journal entry?A journal entry is a record of a commercial transaction that is kept in your books. In double-entry accounting, every transaction necessitates at least two journal entries. Because a transaction might produce numerous changes in a business, a bookkeeper keeps track of all of them via journal entries. An accounting journal entry is a tool for recording a financial activity in the accounting records of a corporation. Accounting data are either combined into the bigger ledger or records of transactions are saved in numerous sub-ledgers before being tallied up in the general ledger.
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Related Questions
1. Why would Dell conduct IPO again? Who benefited from
this?
2. Strategically, does the IPO improves Dell's competitive
advantages in the industry? If so, in what
aspects?
Answers
1. Dell conducted an IPO again to raise capital and provide liquidity for existing shareholders. The company and its shareholders benefited from this.
2. Strategically, the IPO improves Dell's competitive advantages in the industry by enhancing its financial flexibility, attracting new investors, and increasing its market visibility.
1. Dell conducted an initial public offering (IPO) again to raise capital and provide liquidity for its shareholders. By going public, Dell could issue new shares and sell them to investors, thereby raising funds that could be used for various purposes such as expansion, acquisitions, research and development, or debt reduction.
Additionally, the IPO allowed existing shareholders, including the company's founder Michael Dell, to sell their shares and monetize their investments. This liquidity event provided an opportunity for existing shareholders to realize their gains and diversify their investments. Overall, both Dell and its shareholders benefited from the IPO.
2. Strategically, the IPO improves Dell's competitive advantages in the industry in several ways. Firstly, the influx of capital from the IPO enhances Dell's financial flexibility. With increased funds, Dell can invest in research and development, innovation, and strategic initiatives to strengthen its product offerings and maintain a competitive edge in the rapidly evolving technology market.
The additional capital can also be utilized for strategic acquisitions, allowing Dell to expand its market presence and diversify its business portfolio.
Secondly, the IPO attracts new investors to Dell's stock. The increased market visibility and access to a broader investor base can improve Dell's standing in the industry. The interest from investors can lead to increased analyst coverage, improved stock liquidity, and potentially higher valuation. These factors can enhance Dell's credibility and market perception, contributing to its competitive advantage.
Furthermore, the IPO can serve as a platform for Dell to showcase its growth potential and strategic direction to the market. It allows the company to communicate its vision, strategy, and performance to a wider audience, including customers, partners, and potential business collaborators. This increased transparency can foster trust and confidence in Dell's capabilities, enabling it to attract customers, strategic alliances, and top talent.
In summary, the IPO benefits Dell strategically by providing financial flexibility, attracting new investors, and increasing market visibility. These advantages contribute to Dell's ability to invest in growth opportunities, stay competitive in the industry, and execute its strategic plans effectively.
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1. Define the oscopy approach in PCS coding.
2. Code the following scenario dividing the codes appropriately into the mom and baby charts: 29-year-old female presents for delivery. This is her third pregnancy. She is at 39 weeks of gestation. This is a normal pregnancy. After a normal delivery, she gives birth to a single liveborn. The little boy is circumcised on the second day without incident. Both mom and baby are discharged in good health.
3. Code the following scenario dividing the codes appropriately into the mom and baby charts: 36-year-old female presents for delivery. This is her first pregnancy. She has had a normal pregnancy without incident. She is 37 weeks gestation. This is a twin pregnancy. Baby A is delivered vaginally with low forceps and Baby B by C section. Both babies are fine.
4. Code the following scenario: 40-year-old multigravida presents for vaginal delivery in week 41. No problems during delivery. Single liveborn.
5. Code the following scenario: 26-year-old primigravida presents in week 38. Second-degree perineum tear. Single liveborn.
6. Code the following scenario: Baby born via C-Section transferred to Children's Hospital for Myelomeningioma with hydrocephalus. Code for Children's hospital.
Answers
1. Oscopy approach: Surgical instrument insertion method - open or percutaneous. 2. Mom: Normal delivery. Baby: Liveborn, circumcision. 3. Mom: Vaginal delivery with low forceps. Baby A: Vaginal delivery. Baby B: C-section. 4. Vaginal delivery of single liveborn at week 41. 5. Vaginal delivery, second-degree perineum tear, single liveborn. 6. Children's Hospital: Transfer for C-section-born baby with myelomeningioma and hydrocephalus. Code accordingly.
1. The term "oscopy" in PCS coding refers to the approach used during a surgical procedure. It is used to describe the method by which a surgical instrument or device is inserted into the body. The approach can be classified as either "open" or "percutaneous." An open approach involves making a larger incision to access the target area directly, while a percutaneous approach involves inserting instruments through the skin using a minimally invasive technique. The choice of approach depends on the specific procedure and the surgeon's preference.
2. For the given scenario, dividing the codes appropriately into the mom and baby charts would involve assigning diagnosis and procedure codes for each individual. In the mom's chart, you would code for the normal delivery and any relevant procedures or conditions related to the mother. In the baby's chart, you would code for the liveborn status, circumcision, and any other relevant procedures or conditions related to the baby.
3. In this scenario, coding appropriately into the mom and baby charts would involve assigning diagnosis and procedure codes for each individual. In the mom's chart, you would code for the normal pregnancy, twin pregnancy, vaginal delivery with low forceps, and any relevant procedures or conditions related to the mother. In the baby's chart, you would code for the C-section delivery, twin status, and any relevant procedures or conditions related to the babies.
4. For this scenario, the coding would involve assigning diagnosis and procedure codes for the vaginal delivery of a single liveborn baby in week 41 of gestation. The specific codes would depend on any additional procedures or conditions that may be present during the delivery.
5. In this scenario, the coding would involve assigning diagnosis and procedure codes for the perineum tear and the vaginal delivery of a single liveborn baby in week 38 of gestation. The specific codes would depend on the severity of the tear and any additional procedures or conditions that may be present during the delivery.
6. For the scenario involving the baby's transfer to Children's Hospital for myelomeningioma with hydrocephalus, you would need to code the diagnosis and any relevant procedures or conditions associated with the baby's condition. The specific codes would depend on the details provided in the scenario and the coding system used (such as ICD-10-CM for diagnosis coding and/or CPT or HCPCS for procedure coding). The codes should accurately reflect the baby's diagnosis and the reason for the transfer to Children's Hospital.
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Which of the following describes the purpose and activities of a parallel team? Multiple Choice to provide recommendations and resolve issues not specifically connected to production to perform complex tasks that take place in highly visible or challenging circumstances to produce a one-time output (product, service, plan, design, etc.) to integrate activities of subunits across business functions
Answers
Answer:
Provide recommendations and resolve issues not specifically connected to production
Explanation:
Parallel teams can be regarded as highly task-focused team ,which is been drawn on individuals ranging different functional areas as well as locations. This team are usually generally make completion to their work base on defined schedule. In most cases, parallel teams are not usually disbanded but they could be there so they can handle a subsequent set of tasks. It should be noted that One of the the purpose and activities of a parallel team is to Provide recommendations and resolve issues not specifically connected to production.
Analyze the case using John Rawl's - justice. as fairness framework, what will be the outcome? Explain CASE 3. Merck and River Blindness Merck & Co., Inc. is one of the world's largest pharmaceutical products and services com- panies. Headquartered in Whitehouse Station, New Jersey, Merck has over 70,000 employees and sells products and services in approxi- mately 150 countries. Merck had revenues of $47,715,700,000 in 2001, ranked 24th on the 2002 Fortune 500 list of America's largest com- panies, 62nd on the Global 500 list of the World's Largest Corporations, and 82nd on the Fortune 100 list of the Best Companies to Work For. In the late 1970s Merck research scientists discovered a potential cure for a severely debil- itating human disease known as river blindness (onchocerciasis). The disease is caused by a par- asite that enters the body through the bite of black flies that breed on the rivers of Africa and Latin America. The parasite causes severe itch- ing, disfiguring skin infections, and, finally, total and permanent blindness. In order to demon- strate that it was safe and effective, the drug needed to undergo expensive clinical trials. Ex- ecutives were concerned because they knew that those who would benefit from using it could not afford to pay for the drug, even if it was sold at cost. However, Merck research scientists argued that the drug was far too promising from a med- ical standpoint to abandon. Executives relented and a seven-year clinical trial proved the drug both efficacious and safe. A single annual dose of Mectizan, the name Merck gave to the drug, kills the parasites inside the body as well as the flies that carry the parasite. Once Mectizan was approved for human use, Merck executives explored third-party pay- ment options with the World Health Organi- zation, the U.S. Agency for International Development, and the U.S. Department of State without success. Four United States Sen- ators went so far as to introduce legislation to provide U.S. funding for the worldwide dis- tribution of Mectizan. However, eir efforts were unsuccessful, no legislation was passed and, and no U.S. government funding was made available. Finally, Merck executives de- cided to manufacture and distribute the drug for free. Since 1987, Merck has manufactured and distributed over 700 million tablets of Mecti- zan at no charge. The company's decision was grounded in its core values: 1. Our business is preserving and improving human life.. 2. We are committed to the highest standards of ethics and integrity. 3. We are dedicated to the highest level of scien- tific excellence and commit our research to improving human and animal health and the quality of life. 4. We expect profits, but only from work that satisfies customer needs and benefits - humanity. 5. We recognize that the ability to excel-to most competitively meet society's and customers' needs depends on the integrity, knowledge, imagination, skill, diversity, and teamwork of employees, and we value these qualities most highly. George W. Merck, the company's president from 1925 to 1950, summarized these values when he wrote, "medicine is for the people. It is not for the profits. The profits follow, and if we have remembered that, they have never failed to appear. The better we have remem- bered that, the larger they have been." Today, the Merck Mectizan Donation Pro- gram includes partnerships with numerous nongovernmental organizations, govern- mental organizations, private foundations, the World Health Organization, The World Bank, UNICEF, and the United Nations De- velopment Program. In 1998, Merck ex- panded the Mectizan Donation Program to include the prevention of elephantiasis (lym- phatic filariasis) in African countries where the disease coexists with river blindness. In total, approximately 30 million people in 32 countries are now treated annually with Mec- tizan. Merck reports that it has no idea how much the entire program has cost, but estimates that each pill is worth $1.50. The United Nations reports that river blindness may soon be eradicated. Question fact that trib uzan ma grap other dise Explai sition 4. S Gable es who are in a unique
Answers
John Rawls’ justice as fairness framework involves principles that help individuals understand the basis of just societies. According to Rawls, a society is just only when its institutions work to everyone’s benefit and do not marginalize a certain section of the population.
Rawls’ principles of justice are the liberty principle and the difference principle. An analysis of the Merck and River Blindness case using John Rawls’ justice as a fairness framework will result in the conclusion that the pharmaceutical company acted justly. In this case, Merck was confronted with a dilemma; it had discovered a potential cure for a debilitating human disease known as river blindness but could not sell the drug at a profit because those who would benefit from it could not afford to pay for it. Merck’s research scientists argued that the drug was far too promising from a medical standpoint to abandon. In light of this, Merck made the decision to manufacture and distribute the drug for free.
The company's decision was grounded in its core values, which were to preserve and improve human life, as well as being dedicated to the highest level of scientific excellence while committing their research to improving human and animal health and the quality of life. These values align with Rawls’ principles of justice, which state that institutions must work to everyone’s benefit and not marginalize any section of the population.
In conclusion, Merck acted justly in the case of River Blindness by choosing to manufacture and distribute the drug for free.
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Which of the following relers to subsets of an entire market?
O market sets
O potential markets
O target markets
market mixes
Answers
how Is productivity determined?
a.by measuring The relationship to inputs and outputs
b. by comparing the profitability of competing markets
c. by measuring the relationship between supply and demand
d. by comparing the number of hours worked by all employees
Answers
Answer:
a. by measuring The relationship to inputs and outputs
Explanation:
Productivity shows the efficiency of generating output using the available inputs. It is measured by dividing the output of a company or a production line by the inputs used. Therefore, productivity shows the relationship between inputs and outputs.
Productivity can also be measured by labor output. In this case, the output is divided by the number of labor hours used.
In 1983, a hardcover dictionary cost $145. 75. If the CPI is currently 209, what would a hardcover dictionary cost today? Round to the nearest cent. A. $354. 75 b. $304. 62 c. $254. 75 d. $209. 00 Please select the best answer from the choices provided A B C D.
Answers
Therefore, the best answer is B. $304.62, which is the rounded value of $306.06 to the nearest cent.
The Consumer Price Index (CPI) helps to calculate the inflation rate that is used to adjust the value of currency.
We can use the following formula to calculate the current cost of a hardcover dictionary:
New cost = (Cost at the old time * Current CPI) / CPI at the old time
Let's solve for the new cost of the hardcover dictionary:
New cost = (145.75 * 209) / 99.6
New cost = 306.06
So, the hardcover dictionary would cost approximately $306.06 today.
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Mention five legal ways to spend money
Answers
Some ways that you can spend money legally are:
Buying booksGoing on a vacationBuying a companyGiving to the poor or a charityEmploying laborWhat is Money?This refers to the legal tender that is used for the buying and selling of goods and services that have an inherent value
Hence, we can see that based on the given question, money can be spent in a variety of ways legally and this includes starting a business, giving to the poor, etc.
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other things constant, how will an increase in the wages of teenagers affect the market for fast food hamburgers?
Answers
With all else remaining constant, a rise in teens' income will have an impact on the market for fast food hamburgers by increasing the supply and lowering the cost of hamburgers.
How does the pricing change when the supply increases?While all other factors remain constant, an increase in supply will cause the equilibrium price to fall while increasing the amount required. Due to a decrease in supply, the amount sought will decrease, raising the equilibrium price.
When demand is constant, the connection between prices and supply for products and services is inverse. When the supply of those goods and services increases while the demand for those goods and services remains constant, prices frequently decline to a lower equilibrium price and a larger equilibrium quantity of those products and services.
When the cost is reduced, what happens to supply?A price increase almost invariably leads to the delivery of more of that good or service, whereas a price decrease typically results in the delivery of less of it.
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production possibilities curve. the curve of the graph
is called "The Frontier"
Answers
The PPC, sometimes referred to as the production possibilities frontier, depicts scarcity and tradeoffs.
What does the curve of the production possibility frontier represent?The production possibility frontier or PPF is a curve used in business analysis to show the different quantities of two items that can be produced when they both rely on the same limiting resources.
Thus, The PPC, sometimes referred to as the production possibilities frontier
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Why do lenders often require a down payment when credit is used to purchase a good?
It reduces risk to the lender.
It eliminates interest charges.
It reduces the cost of the financed good.
It increases the cost of financing the good.
Answers
The payments are done through a down payment reduces the risk to the lender and therefore the lender requires down payments when credit is used to purchase a good. Thus (A) is the correct option.
What is a down payment?The amount of money that a purchaser pays on the purchasing of any expensive object. The down payment showcases a portion of the total purchasing amount.
It is made in the initial stage of purchasing. It reduces the risk of the lender and therefore, (A) is the correct option.
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plz help :)
What is one type of closed-end credit? A. a credit card B. a retail credit card C. an installment cash credit D. a bank line of credit
Answers
Answer:
C.
Explanation:
Took the test :)
Which of these results in a price decrease?
A. A decrease in both supply and demand
B. An increase in both supply and demand
C. An increase in supply only
Answers
Answer:
A.
Explanation:
A says decrease
B and C says Increade
Jan's Jams makes a credit sale for $300 with terms of 2/10,n/30. The cost of the merchandise is $200. The required journal entry to record the sale and the cost of the sale is: _________
a) debit Accounts Receivable $200; credit Sales $200;
b) debit Cost of Goods Sold $300; and credit Merchandise Inventory $300
c) debit Accounts Receivable $300; credit Sales $300;
d) debit Cost of Goods Sold $200; and credit Merchandise Inventory $200
e) debit Sales $300 and credit Cost of Goods Sold $300
f) debit Accounts Payable $300; and credit Sales $300
Answers
Answer: debt Accounts receivable $300; credit Sales $300; debit Cost of Goods Sold $200; and credit Merchandise Inventory $200
Explanation: see attachment for more help
The correct options are C and D respectively. The required journal entry to record the sale and the cost of the sale is debit Accounts Receivable $300; credit Sales $300; debit Cost of Goods Sold $200; and credit Merchandise Inventory $200.
What is the difference between accounts payable and accounts receivable?The terms "accounts payable" and "accounts receivable" refer to the same thing. Accounts receivables represent the money that customers owe your company, as opposed to Accounts Payables, which represent the money that your company owes to suppliers.
An's Jams makes a credit sale for $300 with terms of 2/10,n/30. The cost of the merchandise is $200. The following are required journal entries to pass debit Accounts Receivable $300; credit Sales $300; debit Cost of Goods Sold $200; and credit Merchandise Inventory.
Thus, the proper answers are C and D, respectively.
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Which of the following is most likely to be an advantage of self-driving cars? Select one: a. Each family member will have his/her own car, so more car sales. O b. More auto loans will be taken. O c. Fewer accidents will occur. O d. More insurance policies will be taken.
Answers
Fewer accidents will occur is most likely to be an advantage of self-driving cars.
A self-driving cars is a vehicle that can operate independently of a driver by detecting its surroundings. Using advanced systems and algorithms, computers will effectively do away with expensive human mistake. With self-driving cars, major accident causes like dru-nk or distracted driving won't be issues. In accordance with research, self-driving cars can cut lower the number of accidents by as much as 90 percent.
Being able to connect with one another is one of the main advantages of self-driving cars. Cars could move effectively at ideal distances from one another if they have real-time communication capabilities. Additionally, they would decide the most efficient path for you to follow in order to avoid gridlocked traffic.
Option C is the correct answer.
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Henry, a trainer at MyChem Inc., schedules training on handling hazardous chemicals for a group of newly hired employees. The training complies with OSHA regulations and is given to all employees upon hire along with periodic refreshers. The type of training described in this scenario is _____.
Answers
Answer:
Hazard Communication Standard (HCS) training program
Explanation:
The type of training described in this scenario is known as the Hazard Communication Standard (HCS) training program. This is a employee training program designed with the goal of explaining and reinforcing the written information regarding hazard labels and material safety data sheets, as well as how to behave around hazardous material and to apply this information to their workplace.
On January 1, 2021, Parent Company acquired the net assets of Sub Company for 453000 cash. The fair value of Sub's identifiable net assets was 349000 on this date. Parent Company decided to measure goodwill impairment using the present value of future cash flows to estimate the fair value of the reporting unit (Sub). The information for the 2022 year is as follows: Present Value of Future Cash Flows: 367000 Carrying Value of Sub's Identifiable Net Assets (excluding Goodwill): 324000 Fair Value of Sub's Identifiable Net Assets : 306000 For 2022 the amount of goodwill impairment, using FASB's simplified approach, assume the qualitative test is satisfied is
Answers
The amount of goodwill impairment using FASB's simplified approach, assuming the qualitative test is satisfied, is $43,000.
To calculate the amount of goodwill impairment using FASB's simplified approach, we need to compare the fair value of the reporting unit (Sub) with its carrying value, including goodwill.
Given information:
Present Value of Future Cash Flows: $367,000
Carrying Value of Sub's Identifiable Net Assets (excluding Goodwill): $324,000
Fair Value of Sub's Identifiable Net Assets: $306,000
Calculate the implied fair value of goodwill:
Implied Fair Value of Goodwill = Fair Value of the Reporting Unit - Fair Value of Identifiable Net Assets
Implied Fair Value of Goodwill = $367,000 - $306,000
Implied Fair Value of Goodwill = $61,000
Compare the implied fair value of goodwill with the carrying value of goodwill:
Carrying Value of Goodwill = Cash Paid - Fair Value of Identifiable Net Assets
Carrying Value of Goodwill = $453,000 - $349,000
Carrying Value of Goodwill = $104,000
Since the carrying value of goodwill ($104,000) is higher than the implied fair value of goodwill ($61,000), we have an indication of potential impairment.
Calculate the amount of goodwill impairment:
Goodwill Impairment = Carrying Value of Goodwill - Implied Fair Value of Goodwill
Goodwill Impairment = $104,000 - $61,000
Goodwill Impairment = $43,000
Therefore, for the year 2022, the amount of goodwill impairment using FASB's simplified approach, assuming the qualitative test is satisfied, is $43,000.
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one could argue that gdp is not a good measure of the standard of living in a nation because it
Answers
GDP fails to account for income inequality, non-market activities, environmental sustainability, and social factors, limiting its ability to measure the standard of living accurately.
GDP measures the total economic output of a country, primarily focusing on the production and consumption of goods and services. However, it does not provide a comprehensive assessment of the standard of living for several reasons.
Firstly, GDP does not consider income distribution. It aggregates all economic activity, meaning that high GDP figures can coexist with significant income inequality. A country with a high GDP may have a small elite enjoying vast wealth while a large portion of the population struggles with poverty and limited access to basic necessities.
Secondly, GDP does not account for non-market activities and the informal economy. It does not capture unpaid work, such as household chores and caregiving, which are crucial for the functioning of society but are not accounted for in GDP calculations.
Similarly, activities within the informal sector, such as small-scale businesses and subsistence farming, often go unrecorded, leading to an incomplete picture of economic activity.
Additionally, GDP fails to consider environmental sustainability and resource depletion. Economic growth measured by GDP can come at the expense of natural resources, ecological damage, and increased pollution, which negatively impact long-term well-being and quality of life.
Moreover, GDP does not capture factors like education, healthcare, social services, and cultural aspects that contribute to the overall standard of living. A nation with high GDP may still have inadequate access to quality education or healthcare, limiting opportunities and well-being for its citizens.
In summary, while GDP provides a measure of economic activity, it falls short in reflecting the overall standard of living and well-being. It overlooks income distribution, non-market activities, environmental sustainability, and various social factors that are vital for a comprehensive assessment of the standard of living in a nation.
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3 Select the correct answer. Tracy applied for a home loan from her bank. The bank is willing to give her the loan but at a very high interest rate. Why do you think the bank is charging her a high interest rate? A low amount of credit left B. good payment history OC. bad payment history OD. high number of bank accounts
Answers
Answer:
C. bad payment history
Explanation:
Creditworthiness is the term banks, and other lenders use to determine the risk associated with each customer. Credit score ratings place customers into different risk categories. A low credit score signifies a high-risk customer or low creditworthiness. Banks will extend credit facilities to a high-risk customer at a high-interest rate.
A customer with a poor loan repayment history has a low credit score. Tracy is being offered the loan at a high-interest rate due to her low creditworthiness. Her case would be different if she had a better credit score associated with a good loan repayment history.
Suppose the cost of flying a 400-seat plane for an airline is $250,000 and there are 6 empty seats on a flight. If the marginal cost of flying a passenger is $130 and a standby passenger is willing to pay $140, the airline should.
Answers
Answer:accept
Explanation:
they are willing to pay more then the regular price
If the marginal cost of flying a passenger is $130 and a standby passenger is willing to pay $140, the airline should accept and allot a seat to the passenger.
What is the significance of marginal cost?The marginal cost can be referred to or considered as the cost derived for production of an additional unit of a product and offering it for sale in the market of the economy in which it operates. As per the rule of equilibrium, a firm shall try to sell an additional unit over the marginal cost derived.
In the situation given above, the airline derives a marginal cost of $130 for an additional passenger, and he agrees to pay $140 for the seat, then by following the rule of equilibrium, it will be beneficial for the airline to accept his offer.
Therefore, the significance regarding a marginal cost has been aforementioned.
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Consider the market for U.S. dollars where the price per dollar is given in terms of Turkish lira. For the five scenarios below, determine whether the dollar will appreciate or depreciate and place each item in the correct bin. In each scenario, hold everything else constant except the change that is being described. Dollar Depreciates Dollar Appreciates U.S. electronics become much more As part its policy to increase employment popular after a new movie technology in the U the Federal Reserve cuts is developed. interest rates by 25 basis points. Shots of powerful Turkish Espresso become the rage in Hookah bars in the U.S. The most recent global economic In 2012, inflation in Turkey was report indicated that average incomes 8 percent while inflation in the U.S was 2.5 percent. in Turkey grew 5 percent while U.S. incomes grew by just 3 percent.
Answers
If U.S. electronics become much more popular after a new movie technology in the U.S. is developed, this could potentially increase demand for U.S. dollars, causing the dollar to appreciate.
If the Federal Reserve cuts interest rates by 25 basis points, this could potentially decrease demand for U.S. dollars, causing the dollar to depreciate.
If shots of powerful Turkish Espresso become the rage in Hookah bars in the U.S., this likely won't have a significant impact on the value of the U.S. dollar.
If the most recent global economic report indicated that average incomes in Turkey grew 5 percent while U.S. incomes grew by just 3 percent, this could potentially increase demand for Turkish lira and decrease demand for U.S. dollars, causing the dollar to depreciate.
If inflation in Turkey was 8 percent while inflation in the U.S. was 2.5 percent, this could potentially decrease demand for Turkish lira and increase demand for U.S. dollars, causing the dollar to appreciate.
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Is International Bank of Commerce a local bank?
Answers
International Bank of Commerce, or IBC, is a financial institution that provides banking services to customers. To answer whether IBC is a local bank or not, we need to understand what the term "local bank" means.
A local bank typically refers to a financial institution that operates within a limited geographic area, usually within a city or a small region. Local banks typically focus on serving the needs of their local communities and offer a range of personal and business banking services.
International Bank of Commerce, on the other hand, operates in multiple states and has a much larger reach than just one local area. While IBC may have branches within a specific city or region, its services and operations extend far beyond that local area.
In conclusion, International Bank of Commerce is not considered a local bank because of its broader reach and services offered in multiple states.
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seattle adventures, incorporated, is trying to decide between the following two alternatives to finance its new $17 million gaming center: issue $17 million, 6% note. issue 1 million shares of common stock for $17 per share with expected annual dividends of $1.02 per share.
Answers
1) The completion of the income statement for Seattle Adventures, Incorporated for the year is as follows:
Seattle Adventures, Incorporated
Income Statement (completion)For the year
Issue Note Issue Shares
Operating income $9,200,000 $9,200,000
Interest expense (on the issued note) 1,020,000 0
Income before tax $8,180,000 $9,200,000
Income tax (30%) 2,454,000 2,760,000
Net income $5,726,000 $6,440,000
Number of shares 2,200,000 3,200,000
Earnings per share (net income/number) $2.60 $2.01
2a) Interest expense will be higher by $1,020,000 with the note issuance.
2b) Dividends will be higher by $1,020,000 with the stock issuance.
2c) The issuance of the notes results in higher earnings per share than the issuance of the stock.
How the earnings per share are computed:Notes Payable = $17 million
The annual interest rate on the notes payable = 6%
Total annual interest expense = $1,020,000 ($17 million x 6%)
Earnings per share = Net Income/Number of Common Stock outstanding
= $2.60 ($5,726,000/2,200,000)
Common stock = $17 million (1 million x $17)
Annual dividend per share = $1.02
Total annual dividends = $17,340,000 (17 million x $1.02)
Earnings per share = $2.01 ($6,440,000/3,200,000)
Thus, based on the earnings per share results, Seattle Adventures, Incorporated should issue the notes instead of issuing stock.
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Question Completion:Required: 1. Assuming the note or shores of stock are issued at the beginning of the year, complete the income statement for each alternative.
Outstanding number of common stock shares = 2,200,000
Operating income = $9,200,000
Income tax rate = 30%
2. Answer the following questions for the current year, (a) How much are interest payments higher if issuing the note? (b) How much are dividend payments higher by issuing stock? (c) Which alternative results in higher earnings per share?
Richard Roll, in an article on using the capital asset pricing model (CAPM) to evaluate portfolio performance, indicated that it may not be possible to evaluate portfolio management ability if there is error in the benchmark used.
a. Describe the general procedure, with emphasis on the benchmark employed, that one follows in evaluating portfolio performance. (5 Marks).
b. Explain what Roll meant by the benchmark error and identify the specific problem with this benchmark. (6 Marks)
c. Draw a graph that shows how a portfolio that has been judged as superior relative to a "measured" security market line (SML) can be inferior relative to the "true" SML. (7 Marks)
d. Assume that you are informed that a given portfolio manager has been evaluated as superior when compared to the DJIA, the S&P 500, and the NYSE Composite Index. Explain whether this consensus would make you feel more comfortable regarding the portfolio manager’s true ability. (3 Marks)
e. While conceding the possible problem with benchmark errors as set forth by Roll, some contend that this does not mean that the CAPM is incorrect, but only that there is a measurement problem when implementing the theory. Others contend that because of benchmark errors the whole technique should be scrapped. Take and defend one of these positions. (4 Marks)
Answers
Richard Roll's reference to benchmark error suggests that the benchmark used to evaluate portfolio performance may not accurately represent the portfolio manager's ability.
a. Evaluating portfolio performance involves comparing the returns of a portfolio to a benchmark. The benchmark serves as a reference point to assess how well the portfolio has performed relative to a specific market or investment strategy. The general procedure includes selecting an appropriate benchmark that closely matches the portfolio's investment objectives, constructing a portfolio with the desired asset allocation, and then measuring the portfolio's performance against the benchmark over a specified time period. Various performance metrics such as return, risk-adjusted return, and tracking error are used to evaluate the portfolio's performance.
b. Richard Roll's reference to benchmark error suggests that the benchmark used to evaluate portfolio performance may not accurately represent the portfolio manager's ability. Benchmark error can arise from several factors, such as inappropriate selection of the benchmark, limitations in the benchmark's composition, or discrepancies in the benchmark's returns. The specific problem with this benchmark is that if it is flawed or not representative of the portfolio's investment strategy, it becomes difficult to determine whether any outperformance or underperformance of the portfolio is due to the manager's skill or the benchmark's deficiencies.
c. A portfolio that has been judged as superior relative to a "measured" Security Market Line (SML) can still be inferior relative to the "true" SML. The SML represents the theoretical relationship between an asset's risk and its expected return, as determined by the CAPM. If the measured SML used as a benchmark deviates from the true SML, it means that the benchmark misrepresents the expected returns of different levels of risk. As a result, a portfolio that appears superior based on the measured SML may actually underperform when compared to the true SML, indicating that the portfolio manager's ability is not as strong as initially believed.
d. The consensus evaluation of a portfolio manager as superior compared to the DJIA, the S&P 500, and the NYSE Composite Index might provide some comfort regarding the manager's relative performance against these benchmarks. However, it does not necessarily guarantee the manager's true ability or skill in portfolio management. Benchmarking against market indices like DJIA, S&P 500, or NYSE Composite provides a comparison to broad market performance, but it does not account for the portfolio manager's ability to outperform the market consistently or generate alpha. Additional factors such as risk management, investment strategy, and consistency of performance need to be considered to gain a comprehensive understanding of the manager's true ability.
e. While benchmark errors highlight a measurement problem when implementing the CAPM, it does not necessarily invalidate the entire theory. One can contend that the CAPM is still a valuable tool for understanding the relationship between risk and return in a systematic manner. It provides a framework for estimating the expected return of an asset based on its beta and the market risk premium. The benchmark errors, although problematic, can be mitigated by improving the selection and construction of benchmarks to better align with the portfolio's investment objectives. By refining the benchmarking process, it is possible to address the measurement problem while still benefiting from the insights and principles offered by the CAPM. Thus, it is more reasonable to advocate for improving the implementation of the CAPM by addressing benchmark errors rather than completely discarding the entire technique.
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Libel is a defamatory or hurtful remark told about someone to others, and slander is when this remark or comment is broadcast over the TV, radio, printed in a publication, or forwarded to others on the Internet.
Answers
Answer:
This is false.
Explanation:
The statement in the question interchange the meanings of the two terms. The correct definitions are therefore given as follows:
Libel is can be described as a written or published false statement about another person that damages their reputation unjustly.
Slander refers a spoken false statement about another person that damages their reputation unjustly.
Based on the definitions above, the statement in the question can be correctly rewritten as follows:
Slander is a defamatory or hurtful remark told about someone to others, and libel is when this remark or comment is broadcast over the TV, radio, printed in a publication, or forwarded to others on the Internet.
Answer:
FALSE
Explanation:
i got it right
The liabilities and owners' equity for Campbell Industries is found here: .
a. What percentage of the firm's assets does the firm finance using debt (liabilities)?
b. If Campbell were to purchase a new warehouse for
$1.2
million and finance it entirely with long-term debt, what would be the firm's new debt ratio?
Question content area bottom
Part 1
a. What percentage of the firm's assets does the firm finance using debt (liabilities)?
The fraction of the firm's assets that the firm finances using debt is
enter your response here%.
(Round to one decimal place.)
Accounts Payable 489,000
Notes Payable 242,000
Current Liabilities 731,000
Long Term Debt 1,240,000
Common Equity 4,746,000
Total Liabilities and Equity 6,717,000
Answers
The question asks for the percentage of the firm's assets financed using debt (liabilities). It provides the values of liabilities and equity for Campbell Industries.
To calculate the percentage of the firm's assets financed using debt, we need to divide the total debt (liabilities) by the total liabilities and equity and then multiply by 100.
Total Debt = Current Liabilities + Long-Term Debt = $731,000 + $1,240,000 = $1,971,000
Total Liabilities and Equity = Total Debt + Common Equity = $1,971,000 + $4,746,000 = $6,717,000
Debt Ratio = (Total Debt / Total Liabilities and Equity) * 100
Debt Ratio = ($1,971,000 / $6,717,000) * 100 ≈ 29.35%
Therefore, approximately 29.35% of the firm's assets are financed using debt (liabilities).
For part b of the question, if Campbell were to purchase a new warehouse for $1.2 million and finance it entirely with long-term debt, the new debt ratio would be calculated by considering the new total debt (including the financed warehouse) and the updated total liabilities and equity. However, the values for total liabilities and equity are not provided in the question, so it is not possible to calculate the new debt ratio.
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Which of the following statements about corporate culture is true A. Corporate culture evolves over time B. Corporate culture is intangible C. Corporate culture is based on the accumulated history of the organization D.Corporate culture can have a strong impact on a company's success E. All the above
Answers
Answer: All of the above
Explanation:
Corporate culture simply refers to the beliefs, customs and the attitudes that is shared in s particular company. It should be noted that the corporate culture shapes the behaviors of employees in an organization.
It helps in guiding the behaviors of workers and they can either be unwritten rules or those that are documented. They can be based in an organization's history and can evolve with time.
Corporate culture is intangible and can have a strong impact on the company's success. Therefore, the answer to the question is All of the above.
hich occurs during digestion?
The mouth only allows for physical digestion.
The mouth only allows for chemical digestion.
Chemical digestion prepares the food for physical digestion.
Physical digestion prepares the food for chemical digestion.
Answers
Answer:
Digestion can be either chemical or physical - physical digestion occurs when you chew food in your mouth (mastication) or chemical when it is broken down in the stomach (via HCl), just to give a few examples. There are many examples of both chemical and physical digestion.
Explanation:
First and foremost, the video game industry is a business. It makes billions of dollars every year, and a large part of that money comes from M-rated games. Halo 3, one of those M-rated games, sold $170 million on its first day of release. Somehow, people expect to put a stop to that, just rid the industry of millions of dollars worth of high-quality adult games that are responsible for hundreds or thousands of jobs and are a viable alternative to movies or television aimed at the same audience. What type of argument does this passage utilize
Answers
Answer:
Appeal to logic
Explanation:
Appeal to logic is a type of argument that relies on presentation of facts to convince a target audience.
Logical appeal is made up of claim, evidence, and warrant.
In the given scenario the author claims the video game industry is a business that makes billions of dollars every year.
The evidence he presents is that a a large part of that money comes from M-rated games. For example Halo 3, one of those M-rated games, sold $170 million on its first day of release.
Having an up-to-date and user-friendly website is essential for any college, especially during a pandemic. Imagine that I’m the chair of the Web Communications Committee that is looking at the information on a college website provided to students about their current learning options. The problem in this situation is that we are not sure that students are able to easily find the information they need to stay on their degree paths, so I’m "hiring" you, as a technical communication student, to establish what information is currently available, in what format that information is provided (videos, documents, etc), how accessible it is, and then propose recommendations to the committee regarding what changes should be made. Issues to take into consideration: what information students need to know regarding their degree programs, what courses are offered in what delivery mode, how students access information, how easy it is to navigate the website and find the needed information, and how this college compares with other institutions in the information we provided to students.
Answers
To meet the current requirements of service delivery, an organization must have a website. Due to the requirement for remote application of many tasks brought on by the pandemic, it is crucial for universities to have a website.
Based on the type of students who apply to the particular organization, the information on the website should be created. An engineering-related photo and video framework, for instance, will draw engineering students to the website.
For the organization to draw in students, the website must have an artistic theme if the organization's focus is on the arts.
It is crucial to make sure that students can simply access every component of the system. This kind of strategy offers a significant amount of assistance in providing improved services.
These services have the power to significantly alter how things run and can also offer pupils an acceptable amount of support while receiving information.
It would be best to provide a detailed description of the degree program's instructional framework on the website. The system should also provide information on the University Campus and the course descriptions.
This kind of strategy will offer a high level of assistance in creating new standards that will assist the pupils in navigating the website and discovering precise information.
At the moment, the price structure information is the most crucial component of any website. Having a price structure on the website that has a proper description of different activities for the specific cost structure would be vital to providing information to the students, especially as most colleges have started publishing their fee structure there.
One of the key components of the website is the variety of courses that are being offered in various specialties of particular certification programs.
Another comprehensive strategy that can be utilized to raise student interest in the website and the particular product is the disclosure of information about the faculty in other specific colleges.
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