The duty that is NOT a major duty owed by an agent to the principal is "c)Duty to indemnify."
The three major duties of an agent to a principal are: duty to obey instructions, duty to act in good faith and with loyalty, and duty to exercise care.
The duty to obey instructions requires an agent to follow the principal's lawful and reasonable directives. The duty to act in good faith and with loyalty requires an agent to act solely in the principal's best interest and avoid conflicts of interest. The duty to exercise care requires an agent to use reasonable skill and care in carrying out their duties.
n contrast, the duty to indemnify refers to the principal's right to be reimbursed for any losses or damages caused by the agent's misconduct, which is a right rather than a duty of the agent.
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an investor deposits $50 on the first day of each month in an account that pays 3% interest, compounded monthly. what is the balance at the end of 2 years ?
The balance at the end of two years when an investor deposits $50 on the first day of each month into an account with a 3% interest rate compounded monthly is $3,241.58.
In order to calculate the future value at the end of two years when an investor deposits $50 per month with a 3% interest rate compounded month, we can use the formula for the future value of a series of payments. The formula for future value is:
FV = PMT*((1+i)^n-1)/i.
Here, PMT is the amount of each payment ($50), i is the interest rate per period (3%/12 = 0.0025), and n is the number of periods (24 months).
Plugging these into the formula gives us:
FV = $50*((1+0.0025)^(24-1))/0.0025
FV = $3,241.58.
Hence the balance at the end of 2 years is $3,241.58.
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complete the following passage to describe the findings of the seattle study. the seattle study found that, after implementation of the minimum wage, the average number of hours worked by low-wage workers fell by____ , while the average wage of these workers rose by____ . as a result, the average income of low-wage workers____ . b. complete the following passage to describe the conclusions of the memo. the seattle study provides_____ evidence that the unusually large increase in the minimum wage implemented in seattle has had a significantly more negative effect on employment than other_____, minimum wage increases, enacted in other cities in recent years. it is thus_____the increase in the minimum wage has negatively affected the average incomes of low-wage workers.
The following words will fill in the blanks in the passage related to Seattle study A- i) 6.6%; ii)3.5%; iii) decreased and B-i) compelling; ii) smaller and iii) clear.
A- The Seattle Study found that, after implementation of the minimum wage, the average number of hours worked by low-wage workers fell by 6.6%, while the average wage of these workers rose by 3.5%. As a result, the average income of low-wage workers decreased.
B-The Seattle Study provides compelling evidence that the unusually large increase in the minimum wage implemented in Seattle has had a significantly more negative effect on employment than other smaller, minimum wage increases, enacted in other cities in recent years. It is thus clear that the increase in the minimum wage has negatively affected the average incomes of low-wage workers.
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describe the primary business activity of operations.
Answer:
Operating activities relate directly to the business providing its goods to the market, including manufacturing, distributing, marketing, and selling; they provide most of the company's cash flow and hugely influence its profitability
Explanation:
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return to questionitem 17 required information pa6-5 (static) preparing a multistep income statement and computing the gross profit percentage [lo 6-6] skip to question [the following information applies to the questions displayed below.] big tommy corporation is a local grocery store organized seven years ago as a corporation. the bookkeeper prepared the following statement at year-end (assume that all amounts are correct, but note the incorrect format): big tommy corporation profit and loss december 31 debit credit net sales $ 404,000 cost of goods sold $ 279,000 salaries and wages expense 58,000 office expense 16,000 travel expenses 1,000 income tax expense 15,000 net profit 35,000 totals $ 404,000 $ 404,000 pa6-5 (static) part 2 compute the gross profit percentage. (round your answer to 1 decimal place.)
The gross profit percentage of Big Tommy Corporation is 30.9%.
The gross profit percentage of Big Tommy Corporation can be calculated by dividing the gross profit by net sales, then multiplying by 100. Gross profit is equal to the net sales minus the cost of goods sold. Therefore, the calculation is as follows:
Gross profit = Net sales - Cost of goods sold = $404,000 - $279,000 = $125,000
Gross profit percentage = (Gross profit / Net sales) x 100% = ($125,000 / $404,000) x 100% = 30.9%
Therefore, the gross profit percentage of Big Tommy Corporation is 30.9%.
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Mountain Ski Sports, a chain of ski-equipment shops in Colorado, purchases skis from a manufacturer each summer for the coming winter season. The most popular intermediate model costs $150 and sells for $275. Any skis left over at the end of the winter are sold at the store's spring sale (for $100). Sales over the years are quite stable. Gathering data from all its stores, Mountain Ski Sports developed the following probability distribution for demand: Demand Probability 150 o.05 175 0.20 200 0.35 225 0.30 250 0.10 The manufacturer will take orders only for multiples of 20, so Mountain Ski is considering the following order sizes: 160, 180, 200, 220, and 240. 1. Construct a payoff table for Mountain Ski's decision problem of how many pairs of skis to order. What is the best decision from an expected value basis? The best strategy is to order ____ Ski Sports. Follow the principles of good spreadsheet engineering Vpairs. Show your work on worksheet Mountain 2. The expected value of perfect information is____ Show your work on worksheet Mountain Ski Sports 3. The expected demand is _____ and ordering this quantity ______the best decision
In the following question, in the missing blanks on a manufacturer, 1- "200" pairs, 2- information is "$66.50." 3- "200" pairs and ordering this quantity "is" the best decision.
1. Construct a payoff table for Mountain Ski's decision problem of how many pairs of skis to order. What is the best decision from an expected value basis? The best strategy is to order "200" pairs of skis. Follow the principles of good spreadsheet engineering Vpairs. Show your work on the worksheet Mountain Ski Sports:
Demand Probability 150 0.05 175 0.20 200 0.35 225 0.30 250 0.10
Order Size | 160 | 180 | 200 | 220 | 240
Expected Profit | 39.00 | 44.00 | 66.50 | 53.00 | 28.00
2. The expected value of perfect information is "$66.50." Show your work on worksheet Mountain Ski Sports:
Order Size | 160 | 180 | 200 | 220 | 240
Expected Profit | 39.00 | 44.00 | 66.50 | 53.00 | 28.00
Expected Value of Perfect Information (EVPI) = 66.50 - Maximum Expected Profit (66.50) = 0
3. The expected demand is "200" pairs and ordering this quantity "is" the best decision.
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XLT Corp. does not want to change the size of its workforce, but it does need a better way to manage benefits. Which of the following might XLT Corp. want to consider? a) Furloughing b) Homeshoring c) Employee leasing d) Outsourcing
XLT Corp. might want to consider employee leasing (c) as a way to better manage their benefits without having to change the size of their workforce.
Employee leasing is a process in which a company hires another company to manage or carry out some of its workforce-related duties, such as HR or payroll management. The employer transfers all or part of their staff to a leasing company, which then contracts with the employer to lease the employees back, handling all payroll-related costs, benefits, and other human resources functions.
This strategy is most commonly used by small and mid-sized businesses who do not have an HR department of their own or who want to focus on their core competencies. XLT Corp. would want to consider employee leasing to manage benefits since it does not want to change the size of its workforce. By doing so, they would be able to outsource their HR tasks to a third-party company and free up internal resources.
This strategy would allow them to take advantage of economies of scale, reducing costs while increasing the quality of employee benefits. Thus, Option C is correct.
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When firms restructure their operations to decrease production costs, the aggregate supply curve, the price level, and real output will change in which of the following ways? Aggregate Supply Curve / Price Level / Real OutputShift to the left Increase IncreaseShift to the left Increase No changeShift to the right Increase IncreaseShift to the right Decrease IncreaseShift to the right Decrease Decrease
When the firms restructure their operations to decrease production costs, the aggregate supply curve will shift to the right, the price level will decrease, and the real output will increase.
In economics, the aggregate supply curve shows the relationship between the total output produced in the economy and the price level. The aggregate supply curve shows the amount of goods and services that companies are willing to produce and sell at a particular price level.
The aggregate supply curve has three segments: the short-run aggregate supply (SRAS) curve, the long-run aggregate supply (LRAS) curve, and the intermediate-run aggregate supply (IRAS) curve. When firms restructure their operations to decrease production costs, the aggregate supply curve will shift to the right.
This is because production costs will decrease, allowing firms to produce and sell more goods at a lower price level. When the aggregate supply curve shifts to the right, the price level will decrease, and the real output will increase. This is because there are more goods and services produced and sold at a lower price level.
Thus, the correct answer is Shift to the right, Decrease, Increase.
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What does the following definition describe? ‘The division of an audience into groups of who they are and what they like, with a goal of identifying a group most interested in your product/service.’
- Marketing channels
- Demographics
- Audience segmentation
- Group dynamics
The following definition describes the process of audience segmentation. The division of an audience into groups of who they are and what they like, with a goal of identifying a group most interested in your product/service. The correct option is C.
What is audience segmentation?Audience segmentation is a marketing tactic that involves dividing an audience into smaller groups based on common characteristics, such as demographics, interests, or behaviors. This enables marketers to target their marketing efforts more effectively, increasing the chances of success.
Audience segmentation is a crucial aspect of any marketing strategy because it enables marketers to reach their target audience more effectively.
The benefits of audience segmentation include More targeted marketing efforts: By dividing the audience into smaller groups, marketers can create campaigns that are tailored to the specific needs and preferences of each group, increasing the chances of success.
Therefore, the correct option is C.
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some investors combine two or more different futures contracts into one investment position that offers the potential for generating a modest amount of profit while restricting exposure to loss. this practice is called
The practice of combining two or more different futures contracts into one investment position that offers the potential for generating a modest amount of profit while restricting exposure to loss is known as a spread.
Futures contracts are standardized contracts that are traded on futures exchanges between two parties. Future contracts have a specific contract size, a maturity date, and specific terms and conditions.
Future contracts provide investors with the option to buy or sell a specified amount of a specific asset at a predetermined price and date in the future at a predetermined price.
A spread is a strategy that investors use to combine two or more different futures contracts into one investment position. The futures contracts used in a spread trade are related in some way. The spread strategy's goal is to generate a modest profit while limiting the possibility of loss.
The most common futures spreads are calendar spreads, intermarket spreads, and intra-market spreads. Intra-market spreads are the most straightforward spreads and involve the simultaneous purchase and sale of futures contracts within the same market.
Intermarket spreads are when futures contracts from two separate markets are used in the spread trade. Calendar spreads, on the other hand, utilize two futures contracts with varying expiration dates in the same market.
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When an agent has a fiduciary duty towards the principal it means that the agent must?
When an agent has a fiduciary duty towards the principal, it means that the agent must act in the best interest of the principal, with the utmost care, integrity, trustworthiness, and loyalty.
This duty requires the agent to put the interests of the principal above their own, as well as to make any decisions with the sole purpose of benefitting the principal.
The fiduciary duty has a few basic tenets. First, the agent must obey all instructions from the principal. Second, the agent must not engage in any activities which will directly or indirectly benefit themselves, unless the principal has given permission. Third, the agent must be honest and candid in their dealings with the principal, informing them of any risks or costs associated with their decisions. Fourth, the agent must take reasonable steps to ensure the principal is informed of any changes in the situation or circumstances that could affect their decision making. Finally, the agent must always act in good faith and with reasonable skill and care.
In summary, when an agent has a fiduciary duty towards the principal it means that the agent must act in the best interest of the principal, with the utmost care, integrity, trustworthiness, and loyalty. The agent must also obey all instructions from the principal, not engage in activities that benefit themselves, be honest and candid, inform the principal of changes in the situation or circumstances that could affect their decision making, and always act in good faith and with reasonable skill and care.
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Assume a hypothetical economy that is open to capital inflows and outflows, so that net capital inflow equals imports (IM) minus exports (X). a. The economy has the following properties: X = $125 million
IM = $80 million Budget balance = -$200 million l = $350 million Calculate private savings in millions of dollars. Private savings = $ _______ million
Assuming a hypothetical economy that is open to capital inflows and outflows, so that net capital inflow equals imports (IM) minus exports (X), given that: X = $125 million, IM = $80 million, Budget balance = -$200 million, = $350 million, Private savings in millions of dollars is $430 million
Private savings = Y – C – G
Y is the aggregate income
C is the consumption expenditure
G is the government expenditure.
Y = C + I + G + (X – IM) = C + I + G + (125 – 80) = C + I + G + 45
Also, the government expenditure (G) and the tax revenue (T)
G = $200 million
T =?
The budget balance is $200 million,
The difference between government expenditure and tax revenue is -$200 million, so the tax revenue (T) will be:
T = G – $200 = $200 – $200 = $0 million
Private savings = Y – C – G
Private savings = (C + I + G + 45) – C – G
Private savings = I + 45
The total private investment (I) is given as:
l = $350 million
I + S = Y = C + I + G + (X – IM)I + S = l + (X – IM)I = l – S + (X – IM)I = $350 – S + (125 – 80)I = $395 – S
Substituting the value of I in the above equation
Private savings = I + 45
Private savings = ($395 – S) + 45
Private savings = $440 – S
Private savings = $440 – S
S = Y – I – G + T
T = $0 million
Y = C + I + G + (X – IM) = C + I + G + 45C = (Y – I – G) + (IM – X)C = (l – S – G) + (80 – 125)C = $205 – S
Now, substituting the value of C and T
S = Y – I – G + TS = (C + I + G + 45) – I – G + 0S = C + 45 – G = $205 – SS = $205 – ($395 – S + $200)S = $10 million
Therefore, private savings in millions of dollars is $430 million.
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veronica works in the purchasing department for medical center hospital. she buys gloves, masks, and protective gear from johnson hospital supply. every month veronica contacts johnson supply and places the order. she has used johnson supply for years and sees no reason to consider other companies. veronica is a(n) .
Veronica is exhibiting the characteristics of loyalty.
Loyalty is an attitude or feeling of devoted attachment and affection to a person, institution, or product. In Veronica's case, she has been consistently using Johnson Hospital Supply for years and sees no reason to consider other companies.
This is an example of loyalty because she is dedicated to the company and demonstrates her trust by purchasing from them on a regular basis.
Additionally, her commitment to the company and disregard for other potential suppliers is indicative of her loyalty. Loyalty is an important component in any relationship and by staying with Johnson Hospital Supply, Veronica is able to cultivate a strong and beneficial relationship.
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Given the following data on individual supply and demand, calculate the market supply and demand and then answer two questions. Instructions: Enter your responses as whole numbers. Price per Gallon Price per Gallon Quantity of Gasoline $5 Demanded per Day Quantity of $5 Gasoline Supplied per Day $4 $3 $1 $4 $3 $2 $1 $2 Firm A AI 1 2 3 4 5 3 2 2 1 Betsy 0 1 1 1 2 Firm B 7 5 3 2 Casey 2 2 3 3 4 Firm C 6 4 3 3 1 4 Daisy 1 3 4 6 Firm D 6 5 3 2 0 Firm E Eddie 1 2 3 5 2 2 2 1 Market Total Market Total. a. What is the equilibrium price? $ _____ per gallon. b. Suppose the current price is $4. At this price, how much of a shortage or surplus exists? gallons per day There would be a (Click to select) of ______ gallons per day.
The equilibrium price is $3 per gallon. At a current price of $4, there is a surplus of 8 gallons per day.
The market supply and demand can be calculated as follows:
Price per Gallon Quantity of Gasoline Demanded per Day Quantity of Gasoline Supplied per Day
$5: AI: 11, Betsy: 4, Casey: 10, Daisy: 16, Eddie: 8, Market Total: 49$4: AI: 8, Betsy: 3, Casey: 8, Daisy: 11, Eddie: 6, Market Total: 36$3: AI: 5, Betsy: 2, Casey: 5, Daisy: 6, Eddie: 4, Market Total: 22$2: AI: 3, Betsy: 1, Casey: 3, Daisy: 4, Eddie: 2, Market Total: 13$1: AI: 1, Betsy: 0, Casey: 1, Daisy: 1, Eddie: 1, Market Total: 4Therefore the equilibrium price is $3 per gallon. At a current price of $4, there is a surplus of 8 gallons per day.
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If the price index increases from 120 to 130 then the inflation rate during the past year was 10%. True or False
True. If the price index increases from 120 to 130, then the percentage change in the price index is (130-120)/120 = 0.0833 or 8.33%. When expressed as a percentage, the inflation rate is 10%.
The percentage change in the price index during a certain time period is used to determine inflation rate. The price index's starting value may be subtracted from its final value, and the result can then be divided by the original value to get the percentage change. In this instance, the price index's beginning value is 120 and its end value is 130. Hence, (130-120)/120 = 0.0833 or 8.33% is the percentage difference. We increase this by 100 to convert it to a percentage, yielding an inflation rate of 10%. This indicates a 10% rise in price throughout the time period.
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an affiliate broker and their sponsoring broker agree to a 50/50 commission split. if a property sells for $520,000 with a 6% commission, how much will the affiliate broker earn on the deal if their sponsoring broker also splits the commission with the buyer's broker 50/50?
An affiliate broker and their sponsoring broker agreed to a 50/50 commission split. If a property sells for $520,000 with a 6% commission, affiliate broker will earn $15,600 on the deal.
Step: Calculate commission which is 6% of total commission.
Commission rate is 6%
Therefore,
The total commission amount is 6% × $520,000
total commission amount = $31,200
An affiliate is an individual or business that is connected with a more extensive organization. The affiliate's role is to encourage the buying and selling of goods and services, which is how they generate revenue.
Commission of $31,200 will be distributed among the the affiliate broker which is 6% of the commission received.
The commission split is the division of revenue from a transaction between parties that are entitled to it.
The affiliate broker's share is 50%, which equals $15,600. Half of commission earned. The sponsoring broker also splits the commission with the buyer's broker, so the buyer's broker earns:
Step 2: Calculate buyers broker earns, which is 50%.
Broker earn = $15,600 × 50%
Broker earn = $7,800.
The affiliate broker will earn $15,600 on the deal.
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The goods delivered by the seller (Haigel) must select answer Unforeseen circumstances select answer result in an exception to this rule. The occurrence of the avian sickness select answer an unforeseen circumstance. The unforeseen circumstance may excuse performance under the doctrine of select answer Either party to a contract has a right to demand select answer performancet if there is reasonable belief that the other party may not perform. A loss of fifty percent of the chicken flock select answer create a reasonable belief in the ability of Haigel to perform. If Arwen's demand is reasonable, then Arwen select answer suspend performance until it is received. v LIITTI Percorrure reasonable belief in the ability of Haigel to perform. If Arwen's demand is reasonable, then Arwen select answer suspend performance until it is received. Typically, if Haigel fails to respond to Arwen's demand, a court likely select answer consider Haigel in breach of contract. In this situation, however, the unforeseen disease select answer excuse Haigel's performance under the legal doctrine of select answer Assume that Haigel's chickens remained healthy but instead, Arwen's non-binding letter of intent with its buyer did not result in a contract. Arwen lost the ability to resell all of the eggs it had contracted to purchase from Haigel. Arwen claimed that a change in circumstances made it impossible to perform and refused to accept any more eggs from Haigel. The loss of Arwen's customer to purchase the eggs select answer a change in expectations from the time the Haigel/Arwen contract was signed. This change of circumstances select answer make it harder for Arwen to perform. A change in circumstances that is reasonably unforeseen by both parties when a contract is made, and that makes it extremely difficult for a party to perform, may result in select answer At the time of the contract, Arwen had a select answer with its customer. In this situation, the change in circumstances was created by select answer . Because this failure likely select answer foreseeable, Arwen select answer use the concept of commercial impracticability to excuse performance.
Unless unavoidable circumstances warrant an exemption, the buyer (Arwen) shall accept the items delivered by the seller (Haigel). The development of the avian flu is an unforeseeable event, and as such, performance may be excused under the doctrine of impracticability or purpose frustration.
A plausible assumption that Haigel is unable to perform may be made if half the flock of chickens were lost. Arwen may halt performance pending receipt of a reasonable demand if one is made. Normally, if Haigel doesn't comply with Arwen's request, a court will probably find that Haigel is in breach of the agreement. But, in this case, the unanticipated illness might qualify Haigel's performance for a legal defence based on impracticability or purpose frustration.
Assuming that Arwen's non-binding letter of intent with the buyer did not result in a contract and that Haigel's hens were still healthy. All of the eggs that Arwen had agreed to buy from Haigel were no longer available for resale. Arwen declined to receive any more eggs from Haigel, claiming that a change in circumstances made it impossible for her to perform.
The loss of Arwen's egg customer represented a shift in expectations since the contract between Haigel and Arwen was inked. Arwen would find it tougher to perform in this new situation. A change in circumstances that both parties could have reasonably foreseen at the time the agreement was made and that makes it highly challenging for one party to fulfil its obligations may give rise to impracticability. or Frustration of Purpose.
At the time of the contract, Arwen had a Letter of Intent with its customer. In this situation, the change in circumstances was created by the customer's failure to enter a binding contract with Arwen. Because this failure was likely foreseeable, Arwen could not use the concept of commercial impracticability to excuse performance.
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the key factors in raising standards of living in lowincome countries have been increases in question content area bottom part 1 a. technology and knowledge. b. income and government ownership of resources. c. foreign aid and population. d. capital accumulation and the money supply.
The key factors in raising standards of living in low-income countries have been increases in technology and knowledge. Option A is the correct answer.
What are low-income countries?Low-income countries are those with a gross national income (GNI) per capita of $1,025 or less. According to the World Bank, these countries are typically affected by complex challenges and obstacles, such as poverty, conflict, and political instability.
Low-income countries improve their standards of living by increasing their technology and knowledge. Technology enables people in low-income countries to increase their productivity and efficiency, which can help them earn more money and support their families. Investing in education and knowledge acquisition is also critical for low-income countries to develop their human capital and enable people to access better jobs and opportunities.
Therefore, the answer is A. Technology and knowledge.
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the owner of a business with a buyer terminates an agency without giving notice of the termination to vendors who have dealt with the agent. is it reasonable for the vendors to expect that the agent still has the authority to make contracts that will bind the business?
If the owner of a business with a buyer terminates an agency without giving notice of the termination to vendors who have dealt with the agent, it is not reasonable for the vendors to expect that the agent still has the authority to make contracts that will bind the business.
When an agency is terminated, the principal is under no legal obligation to compensate the agent for the work that he or she has done unless he or she is terminated without any notice.
In addition, a principal is under no legal obligation to pay an agent who has caused damages to the principal, intentionally or unintentionally. An agency is a legal relationship in which a party grants authority to another party to act on his or her behalf.
This relationship is established by an agency agreement, which lays out the terms and conditions of the relationship. The party that grants authority is referred to as the principal, while the party that is granted authority is referred to as the agent.
Because the principal grants the agent authority, the agent is required to act in the principal's best interests, including following the principal's instructions, exercising reasonable care, and keeping accurate records.
The agency agreement is usually for a specific period of time, although it may be extended or terminated by the principal or the agent at any time, subject to the terms of the agreement.
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A company can reduce its costs by using ebusiness to change its business processes. Which of the following does not represent an example of how a company can reduce its costs through ebusiness? Creating an online travel reservation. Ordering a product online. Researching products to find the lowest price and visiting the store to purchase the item. All of these.
The one that does not represent an example of how a company reduce its costs via e-business is "researching products to find the lowest price and visiting the store to purchase the item." Thus, C is correct.
What is e-business?E-business or Electronic business is any commercial or business activity that occurs through the use of the internet or other electronic technologies. E-business has become increasingly popular over the years as it allows for more efficient and cost-effective business operations.
In order to reduce costs, a company can use e-business to streamline business processes. For example, a company can use e-business to automate manual processes such as order processing, invoicing, and inventory management. This can help to reduce the cost of labor and reduce errors that can occur in manual processes.
In addition, e-business can help to reduce costs by allowing companies to reach a wider audience through online marketing and sales. This can help to reduce the cost of marketing and sales activities as well as increase sales by reaching a wider audience.
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Which of the following statements would be included in a separate report of an entity's internal control over financial reporting for an integrated audit of a nonissuer? Enter Choice here (if any) A. Only those controls the auditor intends to rely on were reviewed, tested, and evaluated. B. The study and evaluation of the internal controls was conducted in accordance with generally accepted accounting principles. C. The establishment and maintenance of the internal controls is the responsibility of management. D. Distribution of the report is restricted for use only by management and the board of directors. SHOW CORRECT ANSWER
The statement that would be included in a separate report of an entity's internal control over financial reporting for an integrated audit of a nonissuer is "The establishment and maintenance of the internal controls is the responsibility of management."The correct option is B)
A separate report of an entity's internal control over financial reporting is used in the audit of non-issuers. The following statements would be included in a separate report of an entity's internal control over financial reporting for an integrated audit of a nonissuer:The establishment and maintenance of the internal controls is the responsibility of management.The establishment and maintenance of the internal controls is the responsibility of management. A nonissuer is a private company that does not issue stock to the public, and the financial statements of such companies are audited using GAAS (generally accepted auditing standards). The study and evaluation of the internal controls was conducted in accordance with generally accepted accounting principles.Only those controls the auditor intends to rely on were reviewed, tested, and evaluated.Distribution of the report is restricted for use only by management and the board of directors. This is a statement that would be included in a report of an entity's internal control over financial reporting for a private company audit. The report is restricted for use only by management and the board of directors.
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recall the column headings of a work sheet used to prepare financial statements. which of the following items are on a worksheet. (check all that apply.) multiple select question. a.balance sheet columns statement of cash b.flows columns c.adjustment columns d.income statement columns e.adjusted trial balance columns
f.unadjusted trial balance columns
The correct answers are A, B, C, D, E, and F. The column headings of a worksheet used to prepare financial statements are as follows: Unadjusted trial balance columns
Adjustment columns: Adjusted trial balance columns.Income statement columns.Balance sheet columns. Statement of cash flows columns.
What is a worksheet? A worksheet is a multi-column document used by bookkeepers and accountants to outline financial statements. The worksheet is divided into many sections, each of which is used to summarize a particular accounting calculation or process. The worksheet is then used to generate the financial statements of an organization.
The following are the items that are on a worksheet:
Unadjusted trial balance columns: Before making any changes to the accounting records, the worksheet includes unadjusted trial balance columns. The purpose of the unadjusted trial balance columns is to make sure the debits and credits are equal and to spot any errors that may have occurred.Adjustment columns: Adjustment columns are used to make changes to the accounting records to bring them into compliance with accounting regulations. When an accountant makes an adjusting entry in the accounting records, the adjustment column is used to record the entry.
Adjusted trial balance columns: After making any necessary adjustments to the accounting records, the worksheet includes adjusted trial balance columns. The adjusted trial balance columns are used to ensure that the debits and credits are equal after any necessary changes have been made.Income statement columns: The income statement columns are used to calculate net income by deducting total expenses from total revenue.
Balance sheet columns: The balance sheet columns are used to summarize an organization's financial position by reporting assets, liabilities, and equity.
Statement of cash flows columns: The statement of cash flows columns are used to report an organization's cash inflows and outflows.
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The difference between the predicted change in a bond's price using duration with and without accounting for convexity will be larger when the interest rate change is ______ and the bond is ______ convex.Multiple choice question.A. large; moreB. large; lessC. mall; lessD. small; more
The difference between the predicted change in a bond's price using duration with and without accounting for convexity will be larger when the interest rate change is large and the bond is more convex. The correct answer is option a.
What is Duration?Duration is a measure of how long it takes for a bond's cash flows to occur. It is used to determine a bond's rate of interest sensitivity to market fluctuations. The concept of duration is based on the idea that changes in interest rates affect a bond's present value in two ways. First, changes in interest rates affect the coupon payments that the bond will pay in the future. Second, changes in interest rates affect the bond's principal or face value at maturity.
What is Convexity?Convexity is a measure of a bond's price change in response to changes in its yield. It is a measure of a bond's non-linear price-yield relationship. A bond's price is affected by both its duration and its convexity.
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Early adopters, although not as fast as innovators, are quick to purchase a new product. Identify all of the following characteristics that are typically associated with early adopters:
- are less risk seeking than innovators
- have less disposable income than innovators
- tend to be opinion leaders of a particular product category
- are youngest in age of all consumer category groups
Early adopters, although not as fast as innovators, are quick to purchase a new product, they are less risk-seeking than innovators; they tend to be opinion leaders of a particular product category. Therefore, the correct options are (a) and (c).
Explanation: Early adopters are those who get products or services at a relatively early point in their product life cycle. As a result, they may be critical to product adoption, making up about 13.5 per cent of the market. Innovators make up just 2.5 per cent of the market. According to research, early adopters have certain characteristics that distinguish them from other types of customers. They have less risk-seeking behaviour than innovators, indicating that they are more careful with their money and, as a result, will wait a little longer to ensure that a new technology is viable before investing in it. Early adopters are also opinion leaders of a particular product category; this means that they are the first to experiment with and test new products, which they then advocate other potential customers. Therefore, the correct options are (a) and (c).
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temple square inc. reported that its retained earnings for 2005 were $490,000. in its 2006 financial statements, it reported $60,000 of net income, and it ended 2006 with $510,000 of retained earnings. how much were paid as dividends to shareholders during 2006? group of answer choices $20,000 $25,000 $30,000 $35,000 $40,000
The question is asking for the number of dividends paid to shareholders during 2006 by Temple Square Inc. Given that Temple Square Inc.'s retained earnings for 2005 were $490,000 its reported net income for 2006 was $60,000, and it ended 2006 with $510,000 of retained earnings, we can calculate that the number of dividends paid to shareholders in 2006 was $20,000 ($510,000 - $490,000 - $60,000 = $20,000).
Therefore, the answer is $20,000.
The amount paid as dividends to shareholders during 2006 is $20,000. Temple Square Inc. had retained earnings of $490,000 in 2005. It was reported that the organization had $60,000 in net income for 2006 and a balance of $510,000 in retained earnings for the same period.
Retained Earnings for 2005 = $490,000Net Income for 2006 = $60,000
Retained Earnings for 2006 = $510,000
Dividend = Retained earnings for 2005 + Net Income for 2006 - Retained earnings for 2006
Dividend = $490,000 + $60,000 - $510,000 = $40,000
Therefore, the amount paid as dividends to shareholders during 2006 is $20,000 (Option A).
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The following is the ending balances of accounts at December 31, 2021, for the Weismuller Publishing Company.
Account Title Debits Credits
Cash $ 93,000 Accounts receivable 188,000 Inventory 299,000 Prepaid expenses 176,000 Equipment 348,000 Accumulated depreciation $ 124,000 Investments 168,000 Accounts payable 74,000 Interest payable 34,000 Deferred revenue 94,000 Income taxes payable 44,000 Notes payable 270,000 Allowance for uncollectible accounts 30,000 Common stock 414,000 Retained earnings 188,000 Totals $ 1,272,000 $ 1,272,000 Additional information:
Prepaid expenses include $148,000 paid on December 31, 2021, for a two-year lease on the building that houses both the administrative offices and the manufacturing facility.
Investments include $44,000 in Treasury bills purchased on November 30, 2021. The bills mature on January 30, 2022. The remaining $124,000 is an investment in equity securities that the company intends to sell in the next year.
Deferred revenue represents customer prepayments for magazine subscriptions. Subscriptions are for periods of one year or less.
The notes payable account consists of the following:
a $54,000 note due in six months.
a $135,000 note due in six years.
a $81,000 note due in three annual installments of $27,000 each, with the next installment due August 31, 2022.
The common stock account represents 414,000 shares of no par value common stock issued and outstanding. The corporation has 828,000 shares authorized.
Required:
Prepare a classified balanced sheet for the Weismuller Publishing Company at December 31, 2021.
The Weismuller Publishing Company's classified balance sheet total Assets $1,272,000, total Liabilities & Equity: $1,272,000.
The Weismuller Publishing Company's classified balance sheet as of December 31, 2021 is presented below:
Assets
Cash $93,000Accounts Receivable $188,000Inventory $299,000Prepaid Expenses $176,000Equipment $348,000Accumulated Depreciation $124,000Investments $168,000Total Assets $1,272,000Liabilities & Equity
Accounts Payable $74,000Interest Payable $34,000Deferred Revenue $94,000Income Tax Payable $44,000Notes Payable $270,000Allowance for Uncollectible Accounts $30,000Common Stock $414,000Retained Earnings $188,000Total Liabilities & Equity: $1,272,000The answer was found by looking at the provided information and following the requirements of the question.
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Purpose Retailers are becoming increasingly aware of how charitable contributions to local communities and non-profit organizations can impact customer buy-in and loyalty to the company. The general manager at your work has asked you to research a possible community service opportunity for this class or your workplace. Some examples include reading to children at a school, sponsoring a blood drive with the Red Cross, or a local wildlife cleaning event etc. Your task is to write a three-paragraph (minimum) memo addressed to the general manager and team leads at your store that recommends one charitable organization you wish to partner or volunteer with that you found via a web search. This memo will briefly discuss the rationale / benefits of partnering with a non-profit, explain your recommendation for a non-profit foundation found during your research, and propose a date for a meeting with the charitable organization. 1. How many non-profit or charitable organizations are in your city? 2. How many non-profit or charitable organizations are within a 5, 10, 15, and 20 mile radius of the school/business you work for? 3. Find the five best rated non-profit or charitable organizations within a 5, 10, 15, and 20 mile radius of the school location/business you work for.
In the following question, among the conditions given, all the above questions have been incorporated into the memorandum.
Dear General Manager and Team Leads,
I have researched potential charitable organizations that our store can partner with or volunteer with in the local area. The first step of my research was to find out how many non-profit or charitable organizations are in our city and within a 5, 10, 15, and 20 mile radius of our business. I found that there are [number] non-profit or charitable organizations in our city, and [number] within a 5, 10, 15, and 20 mile radius. After further research, I was able to identify the five best rated non-profit or charitable organizations within a 5, 10, 15, and 20 mile radius of our school/business location.
My recommendation for our store to partner or volunteer with is [name of charitable organization]. This organization does [brief explanation of what the organization does] and would be a great fit for our company. By partnering or volunteering with this organization, our store could build strong relationships with the local community and establish a good reputation for our business.
I propose that we have a meeting with the charitable organization as soon as possible to discuss the potential partnership or volunteering opportunities. I am available to arrange the meeting at your convenience.
Thank you for your time.
Sincerely,
[Your name]
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The cost of a product plus all costs driven by logistics activities, such as transportation, warehousing, handling, customs fees, etc." is the definition of O A. landed cost. O B. perfect cost. O c. total fixed cost. OD. total variable cost.
The cost of a product plus all costs associated with logistical operations, such as shipping, warehousing, handling, customs duties, etc., is known as the "landed cost."
There are both overt and hidden costs associated with getting any goods to your customers. Understanding your landed cost might assist make it easier to determine the precise cost of the products you sell. Knowing your landed cost can also help you maximize your pricing, assess your company's success, and make sure you are cognizant of the precise cost of your inventory. Landed cost is important because it enables businesses to make wise product and service decisions. Understanding a product's landed cost allows businesses to compare the total cost of goods from many suppliers and choose the one with the lowest overall cost.
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what is the relationship between an appeal and a certiorari?
An appeal and a certiorari are both legal processes used to seek review of a lower court's decision by a higher court.
An appeal is a process by which a party can ask a higher court to review a lower court's decision based on legal errors or other grounds. The higher court reviews the record of the lower court proceedings and considers legal arguments presented by the parties. The higher court may affirm, reverse, or modify the lower court's decision.
On the other hand, a certiorari is a discretionary review process by which a higher court agrees to hear a case from a lower court. It is typically used in cases where the legal issue is important or controversial, and the lower court's decision may have broad implications. Unlike an appeal, where the higher court must review the lower court's debt decision, a certiorari grants the higher court the discretion to decide whether or not to hear the case.
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the firm's _______ provide the foundation for choosing one or more _______ and deciding which one(s) to implement.A. analyses; strengthsB. Abilities; StrengthsC. Analyses; StrategiesD. Abilities; Strategies
The firm's analyses provide the foundation for choosing one or more strategies and deciding which one(s) to implement. The answer is option C.
Analysis refers to the examination and understanding of data or information. It's a process of inspecting information or data to determine patterns and relationships that can help improve understanding.
Strategies: Strategies are the measures taken by an individual or organization to achieve a specific objective or goal. The process of selecting and adopting specific strategies to achieve organizational goals is known as strategic planning.
Foundation: Foundation refers to the basic or underlying principles, beliefs, and facts that underpin something. In this case, it refers to the basic understanding of the company, including their resources and capabilities, as well as their target market.
The firm's analyses provide the foundation for choosing one or more strategies and deciding which one(s) to implement. Before choosing a particular strategy or set of strategies to employ, it is necessary to understand the fundamental aspects of the business. This knowledge will be the foundation for developing effective and appropriate strategies.
The correct option is C. Analyses, Strategies.
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for any level of output below qe , a buyer values a unit of goods in this market more than the unit will cost a seller. suppose now that a firm that produces for this market hires a private security force, reducing crime not only in their factory, but also in the small town in which it is located. this is an example of due to .
1) Note that for any level of output below QE, a buyer values a unit of goods in this market MORE than the unit will cost a seller.
2) The firm's action of hiring a private security force and reducing crime in the factory and the surrounding town is an example of positive externality due to production.
What is Positive externality?
Positive externality occurs when a third party, who is not directly involved in a transaction, receives a benefit as a result of an economic activity.
In this case, the reduction in crime provides a benefit to the buyers and sellers in the market, as well as the residents of the town, even though they may not be directly involved in the production process.
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Full Question:
Although part of your question is missing, you might be referring to this full question:
The following graph (attached) shows equilibrium in a free market, with equilibrium quantity of QEQE
for any level of output below qe , a buyer values a unit of goods in this market _____ the unit will cost a seller.
Suppose now that a firm that produces for this market hires a private security force, reducing crime not only in their factory, but also in the small town in which it is located. this is an example of ________due to ____________.