Answer:
No, because, while the Seventh Amendment gives both the plaintiff and defendant the right to demand a jury trial in civil actions, when a case presents both legal and equitable claims, the right is only preserved for all legal claims, not equitable claims.
Explanation:
Equitable claim is one that requests an injunction from a court. That is the court is asked to compel another party to either take an action or refrain from taking an action. The focus is to prevent a future harm.
A legal claim is one that where the plaintiff proves harm done against their person and he is seeking compensation for harm inflicted.
The Seventh Amendment gives parties the right to request a jury trial only on legal claims.
In the given scenario the case is one that is an equitable claim. The owner's complaint requested money damages and an injunction to stop the construction. This is done to stop breach of the non-compete.
As the Seventh Amendment only allows jury trial for legal claims, the former manager cannot demand a jury trial.
Sheffield Corporation retires its $980000 face value bonds at 104 on January 1, following the payment of annual interest. The carrying value of the bonds at the redemption date is $1016701. The entry to record the redemption will include a debit of $39200 to Premium on Bonds Payable. credit of $2499 to Loss on Bond Redemption. debit of $2499 to Loss on Bond Redemption. credit of $39240 to Premium on Bonds Payable.
Answer:
credit of $36,701 to Discount on Bonds Payable
Explanation:
Dr Bonds payable $980,000
Dr Loss on bond redemption $2,499
[$1,016,701-($980,000 x 104%)
Cr Discount on bonds payable $36,701
($1,019,200-$980,000-$2,499)
Cr Cash $1,019,200
($980,000 x 104%)
The entry to record the redemption will include
a credit of $36,701 to Discount on Bonds Payable
A normal cost system applies overhead to jobs ________. multiple choice by multiplying a predetermined overhead rate by the estimated amount of the allocation base incurred by the job by multiplying a predetermined overhead rate by the actual amount of the allocation base incurred by the job using the actual amount of overhead caused by each job using the normal amount of overhead caused by each job
Answer:
A normal cost system applies overhead to jobs ________.
by multiplying a predetermined overhead rate by the actual amount of the allocation base incurred by the job.
Explanation:
To compute the predetermined overhead rate, divide the estimated overhead for the period by the estimated allocation base usage. When applying overhead to the job, the predetermined overhead rate is used to multiply the actual amount of the allocation base consumed or incurred by the particular job. The value determined from the above computation is termed the overhead applied cost. It may be more or less than actual overhead incurred. This gives rise to overapplied or underapplied overhead.
what are the main roles of the management department in an organization. give 5
Answer:
At the most fundamental level, management is a discipline that consists of a set of five general functions: planning, organizing, staffing, leading and controlling. These five functions are part of a body of practices and theories on how to be a successful manager.
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Select all the correct answers. Which two research options are examples of secondary sources? Select all the correct answers.
Answer:
Research studies, Case studies, Books, Information from organization's database.
Explanation:
The secondary sources are defined as the sources that is used to describe or summarize or discuss the information and the details which is originally presented in the other sources. It provides a good overview of the topic or the subject that we are studying or doing a research.
Some of the secondary researches during a research process are :
Research studies, Case studies, Books, Information from organization's database.
Why would foreign firms export a product at less than its cost of production—which presumably means making a loss? Many nations participate in poor planning and as a result produce a surplus of product which they sell at a loss. This may be part of a long-term strategy in which foreign firms would sell at below the cost of production in the short-term for a time, and when they have driven out the domestic U.S. competition, they would then raise prices. Many nations simply wish to keep their workers employed, no matter what the cost. Many nations simply produce and sell inferior goods at prices that reflect this fact.
The statement" The foreign firms sell at below the production cost and whenever it is driven out so it increases the prices" is correct.
In the case when the foreign firms export a product i.e. lower than the cost of production that means they make the losses is when:
There is a long-term strategy.It should be less than the cost of production in less period.The prices are increased at the time when the driven out the competition of the domestic united states.In other cases, it does not make the losses only the above factors should be considered.
Therefore we can conclude that the statement "It is part of the long-term strategy where the foreign firm should sell less than the cost of production in the short period of time and whenever it has driven out the competition of the domestic united states so the prices should be increased" is correct.
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Fiscal policy refers to the ________using_________
to affect the economy.
Congress and the president, taxes and spending
Forte
The Federal Reserve, taxes and spending
The Federal Reserve, interest rates
Congress and the president, interest rates
The Federal Reserve, the money supply
Answer:
Congress and the president, taxes and spending.
Explanation:
Fiscal policy refers to the Congress and the president using taxes and spending to affect the economy.
Fiscal policy in economics refers to the use of government (Congress and the president) expenditures (spending) and revenues (taxation) in order to influence macroeconomic conditions such as Aggregate Demand (AD), inflation, and employment within a country. Fiscal policy is in relation to the Keynesian macroeconomic theory by John Maynard Keynes.
Generally, a fiscal policy affects combined demand through changes in government policies, spending and taxation which eventually impacts employment and standard of living plus consumer spending and investment.
¿Qué es la Biblia y qué significa?
Respuesta:
Biblia significa: conjunto de libros canónicos que en el judaísmo y el cristianismo se consideran producto de inspiración divina y un reflejo o registro de la relación entre Dios y la humanidad.
What is the primary difference between common and preferred stockholders?
A. Common stockholders have a higher claim on the business.
B. Preferred stockholders are the only ones who can vote for the
board of directors.
C. Common stockholders are required to be employees of the
business.
D. Preferred stockholders have greater security.
SUBMIT
Answer:
D
Explanation:
Preferred stock holders have greater security.because in the event of the business failure,they have the first claim in the distribution of company assets.
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In measuring GDP as the sum of all incomes earned in production, we should include: purchases of used goods. purchases of used goods. American purchases of foreign output. American purchases of foreign output. wages and salaries. wages and salaries.
Answer:
wages and salaries.
Explanation:
GDP is an acronym for Gross Domestic Products (GDP) and it can be defined as a measure of the total market value of all finished goods and services made within a country during a specific period.
Simply stated, Gross Domestic Products (GDP) is a measure of the production levels of any nation.
Basically, the four (4) major expenditure categories of GDP are;
I. Consumption (C).
II. Investment (I).
III. Government purchases (G).
IV. Net exports (N).
Additionally, it is a measure of the total income of all individuals in an economy and the total expenses incurred on the economy's output of goods and services in a particular country.
In measuring GDP as the sum of all incomes earned in production, we should include wages and salaries of the people working in a particular country.
Format wars, in the context of high-technology industries, refer to: a. battles to control the source of differentiation, and thus the value that such differentiation can create for the customer. b. the confusion among customers that arises as a result of several choices of formats for PCs and other gadgets. c. the price-based battles in the network of complementary products, which is a primary determinant of the demand for an industry's product. d. conflicts within an organization about which format to adopt for their products. e. price-based battles among companies producing similar products.
Answer:
Battles to control the source of differentiation, and thus the value that such differentiation can create for the customer
Explanation:
Technical standards
This is simply refered to as a group of distinction or specifications that producers conforms or simply follows when making a particular product, or a component of it.
Format
This is simply known as set of rules through which technology operates. It is stated that all technology have constraints, that is standards and advantage(pro's)/disadvantage(con's).
Format wars
This are fights to have access or control the source of change (differentiation) and the value that such change can bring for the customer
Dominant design
This is simply known as common set of features or design characteristics of a product.
Technology in industries is changing or revolutionizing aspects of the product even in those not usually considered high- tech
Researchers at SunStrength Inc. found a new solar-power technology suitable for cell phones. However, the technology is still being developed and is yet to be proved functional. Activoice Inc. has developed a very useful cell-phone technology based on voice activation. However, the technology is expensive and has yet to prove its full value. Ocean Gale Corp. has developed a technology that can be used with any cell-phone lithium-ion battery to reduce energy consumption. The system has proved to be very effective, but not all cell-phone manufacturers have adopted it yet. Sunstrength Inc.'s new solar-cell technology would be an example of a(n) ________ technology.
Answer: Emerging
Explanation:
Emerging technology refers to those that are either still in the development stage or are not practically applicable yet. These technologies are new and are only just arriving on the scene which is why they are called "emerging".
SunStrength Inc's tech is still new and it is still in the development stage which means that it is not practical or function. It is therefore an emerging technology.
Which of the following is NOT true about stocks?
they are shares of ownership of company
All of these
you can buy them in a secondary market
owning only shares of a single stock increases risk
they are guaranteed to hold their value over time
Answer:
they are guaranteed to hold their value over time.
Explanation:
A stock is also referred to as equity and it can be defined as a security that represents a stockholder's ownership of a fraction of a corporation.
Corporations can be sold to investors through stocks or shares, as a public entity. Thus, a company that engages in the sales of ownership shares to many investors is referred to as a corporation.
The book value per share of stock can be defined as a measure of the total amount of value associated with a net asset that an investor is entitled to when he or she buys a share of stock.
Hence, the book value per share of stock is a ratio of the equity gotten by an investor to the amount of outstanding shares.
The true statements about stocks include the following;
I. A stock can be purchased or bought in a secondary market.
II. Owning only shares of a single stock increases risk because you can loose everything when the company or corporation is negatively affected by a disaster.
III. Stocks are shares of ownership of company.
However, just like every other securities, stocks aren't guaranteed to hold their value over time.
Johnson- Schmitt gave several dogs to Dispenza to find good homes for them. Dispenza did not find good homes for them, but rather kept them on his property in such deplorable conditions that they were eventually seized by the sheriff, turned over to the local SPCA, and adopted out to other families. Johnson- Schmitt later sued the county claiming unlawful conversion of her property( the dogs). Did Johnson- Schmitt have any property right in the dogs at the time they were seized?
Answer:
John-Schmitt had property right in the dogs at the time they were seized.
She had the right to dispose of her private property (dogs) and also to delegate Dispenza to dispose of her property (dogs). She was still in this right of disposition to her property before they were seized. Therefore, she could sue the country (right to property right enforcement) for unlawful conversion of her dogs.
Explanation:
The right of disposition or transferability is one of the property rights, including the right of possession, the right of control, the right of exclusion, the right of enforcement, and the right to derive income from the property. The right of transferability means that property rights should be transferable from one owner to another in a voluntary exchange. She can enforce her property rights.
A business operated at 100% of capacity during its first month, with the following results: Sales (109 units) $490,500 Production costs (136 units): Direct materials $66,157 Direct labor 16,891 Variable factory overhead 29,560 Fixed factory overhead 28,152 140,760 Operating expenses: Variable operating expenses $5,601 Fixed operating expenses 3,325 8,926 The amount of gross profit that would be reported on the absorption costing income statement is
Answer:
$377,685
Explanation:
Calculation to determine what The amount of gross profit that would be reported on the absorption costing income statement is
Particulars Amount
Sales $490,500
Less: Cost of goods sold ($112,815)
($140,760*109 units/136 units)
Gross profit $377,685
($490,500-$112,815)
Therefore The amount of gross profit that would be reported on the absorption costing income statement is $377,685
A property owner owned a tract of land that he leased to a baker for 27 years. The baker built a large bakery on the property. The baker then sold the bakery building to a buyer, assigning the lease with the property owner's approval. The buyer has failed to make a rent payment for several months and has also failed to build the cafe that the baker had agreed to build in the original lease. Who can the landlord of the property hold liable
Answer: The Baker
Explanation:
Payment is a form of contract and until payment has been done with papers signed it is not yet an agreement or a contract. The baker is still liable for anything that has to do with the land, the buyer has not paid any money and is not responsible. The landlord would hold the baker accountable, while the baker has to keep in touch with the buyer to know his interest in the property but till then, the baker is to be held accountable.
What do all trades have in common
Answer:
profit
Explanation:
profit can be a answer
One advantage of having a bank savings account is that it
O is a reliable way to earn interest while establishing a personal financial history.
guarantees depositors interest-free loans.
eliminates having to pay bank charges or late fees on other accounts at the bank.
offers depositors a higher interest rate on United States government savings bonds.
Answer: is a reliable way to earn interest while establishing a personal financial history.
Explanation:
A savings account refers to an interest-bearing deposit account which is held at a bank. The reliability and safety of the savings account makes it a great option when one needs cash to meet the short-term needs.
An advantage of having a bank savings account is that it is a reliable way to earn interest while establishing a personal financial history.
It enables one to establish a personal financial history as it shows ones financial records such as the bank statements, receipts, loans, mortgages etc.
Therefore, the correct option is A.
Sage Company is operating at 90% of capacity and is currently purchasing a part used in its manufacturing operations for $18.00 per unit. The unit cost for the business to make the part is $20.00, including fixed costs, and $9.00, not including fixed costs. If 30,694 units of the part are normally purchased during the year but could be manufactured using unused capacity, the amount of differential cost increase or decrease from making the part rather than purchasing it would be a
Answer:
$120,000 decrease.
You work in an office and one of your co-workers has announced his retirement. You have offered to purchase the retirement gift, so you place a collection jar in the lunch room for anonymous donations to help pay for the gift. After a week you find that very few dollars are in the jar, so you end up paying for a large share of the retirement gift. You are the victim of the:
A. common resource problem.
B. private good problem.
C. overuse of a common resource problem.
D. free-rider problem.
Answer:
D
Explanation:
The free rider problem is a form of market failure. It occurs when people benefit from a good or service of communal nature and do not pay to enjoy these services.
Because you have offered to buy the gift, fellow employees are not bound to make donations to buy the gift. This is because regardless of if donations are made, you would still purchase the gift
Over time, 3M has relied on the results-only-work-environment (ROWE) framework and has morphed into a highly science-driven innovation company. At 3M, employees are encouraged to spend 15 percent of their time on projects of their own choosing. If any of these projects look promising, 3M provides financing through an internal venture-capital fund and other resources to further develop their commercial potential. This real-world scenario best illustrates
Answer: output controls.
Explanation:
The real-world scenario best illustrates output controls. Output control refers to the technique that is used in analysing the output that is provided by a firm.
Output control focuses on the measurable results that are within an organization. Since the company encourages its employees to spend 15 percent of their time on projects of their own choosing and the ones who looks promising are financed to develop their commercial potential, this refers to output controls.
When increasing production from 12,000 computers to 15,000 ​computers, the​ company's average cost of production will A. increase from ​$10.10 to ​$10.40 due to the​ learning-curve effect. B. increase from ​$16.80 to ​$18.90 due to the​ learning-curve effect. C. decrease from ​$10.40 to ​$10.10 due to diseconomies of scale. D. decrease from ​$10.40 to ​$10.10 due to the​ learning-curve effect. E. increase from ​$16.80 to ​$18.90 due to economies of scale.
Answer:
When increasing production from 12,000 computers to 15,000 computers, the company's average cost of production will
D. decrease from $10.40 to $10.10 due to the learning-curve effect.
Explanation:
The learning-curve effect describes the learning-curve theory. This theory states that there is an improved performance of workers who are producing computers over time. The whole idea behind this theory is that the more workers produce computers, the better they will get at its production. In turn, this improved production performance will, in the long run, translate to both lower cost and higher output for the organization.
Ben set up an elaborate scheme to mine gold in the Rockies. He had a large town meeting and sold stock in his company for only $5 per share. He showed pictures of the mine and said the company expected to gross $100 million each month. As it turns out, he was a terrific con artist who had made several successful proposals such as this in towns across America in the last couple of years. He is MOST likely suffering from:
Answer:
antisocial personality disorder.
Explanation:
Antisocial personality disorder is also known as the sociopathy that represent the mental disorder where the person shows that there is no regard for the right and wrong in a consistent way and at the same time it ignored the feelings of others. In this, they manipulate or treat others in a harsh way also they is no guilty felt in this type of order
So as per the given situation, he is most suffering from antisocial personality disorder.
A broker has an exclusive right-to-sell listing on a building. An offer to purchase the building is received while the owner is out of town. The offer requires a commitment from the seller before the seller is scheduled to return to the city. Under these circumstances, the
Answer:
Broker must obtain the signature of the seller to effect a contract.
The working capital turnover of Tesva Systems Corp. is 6.0. What does this financial data suggest? Question 3 options: For every $6.00 Tesva Systems puts to work, the company incurs a cost of $1.00. For every $6.00 Tesva Systems puts to work, the company realizes sales of $1.00. For every dollar Tesva Systems puts to work, the company realizes $6.00 in loss. For every dollar Tesva Systems puts to work, the company realizes $6.00 of sales.
Answer:
For every dollar Tesva Systems puts to work, the company realizes $6.00 of sales.
Explanation:
a. In 2018, manufacturing workers in the United States earned average compensation of $21.86 per hour. That same year, manufacturing workers in Mexico earned average compensation of $3.20 per hour. U.S. manufacturers can possibly compete if multiple choice 1 the product in the United States is specialized. technology is cheaper in the United States. U.S. workers are more productive. some production is done in low-wage countries. b. All manufacturing is not done in Mexico and other low-wage countries because multiple choice 2 there is not enough foreign labor. of trade barriers. shipping costs are too high. consumers want domestically produced products.
Answer:
a. The correct option is that U.S. manufacturers can possibly compete if U.S. workers are more productive.
b. The correct option is that all manufacturing is not done in Mexico and other low-wage countries because of trade barriers.
Explanation:
a. U.S. manufacturers can possibly compete if
A worker or labor is said to be more productive if it produces or able to produce larger amounts of goods than the other workers or labors.
If the U.S. workers are more productive than the workers in Mexico, the labor cost per unit of goods produced in the US will be lower than the labor cost per unit of goods in Mexico.
Therefore, the correct option is that U.S. manufacturers can possibly compete if U.S. workers are more productive.
b. All manufacturing is not done in Mexico and other low-wage countries because
Trade barriers are restrictions on international trade imposed by the government.
When a country imposes trade barriers, some goods will not be imported into that country even if they are cheaper in terms of average compensation per hour for manufacturing workers than the locally produced goods. As a result, some of the goods have to be manufactured in the country where average compensation per hour for manufacturing workers is the highest.
Therefore, the correct option is that all manufacturing is not done in Mexico and other low-wage countries because of trade barriers.
Mohammad was an employee in the new product development department of Estay Inc. Mohammad was directly involved in the development of a new product that Estay intended to launch in 6 months. Estay took great care to keep information concerning the new product a secret. Ceries, Inc., a competitor of Estay, persuaded Mohammad to leave Estay to direct Ceries' marketing department. Which statement is correct
For the year ended December 31, 2021, Norstar Industries reported net income of $965,000. At January 1, 2021, the company had 1,070,000 common shares outstanding. The following changes in the number of shares occurred during 2021: Apr. 30 Sold 85,000 shares in a public offering.May 24 Declared and distributed a 5% stock dividend.June 1 Issued 96,000 shares as part of the consideration for the purchase of assets from a subsidiary.Required:Compute Norstar's earnings per share for the year ended December 31, 2021. (Enter your answers in thousands. Round "EPS" answer to 2 decimal places. Do not round intermediate calculations.) Numerator = ? Denominator = ?Earnings per share = ?
Answer:
0.78
Explanation:
The computation of the earning per share is given below;
= $965,000 ÷ 1,239,000
= 0.78
The 1,239,000 comes from
= 1,070,000 × 12 ÷ 12 + 85000 × 8 ÷ 12 + 96,000 × 7 ÷ 12 + (1,070,000 + 56,667) × 5%
= 1,070,000 + 56,667 + 56,000 + 56,333
= 1,239,000
Assume that transportation costs are especially high for Widgets in the two-country, two-product Ricardian model, and Country A enjoys a comparative advantage in Widgets, then A) country B must also enjoy a comparative advantage in Widgets. B) country B may end up exporting Widgets. C) country A may switch to having a comparative advantage in the other good. D) country A will still export Widgets. E) trade may be impossible between the two countries.
Answer:
D
Explanation:
A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries. A country would export the good for which it has a comparative advantage and import the good for which it doesn't have a comparative advantage
For example, country A produces 10kg of beans and 5kg of rice. Country B produces 5kg of beans and 10kg of rice.
for country A,
opportunity cost of producing beans = 5/10 = 0.5
opportunity cost of producing rice = 10/5 = 2
for country B,
opportunity cost of producing rice = 5/10 = 0.5
opportunity cost of producing beans = 10/5 = 2
Country A has a comparative advantage in the production of beans and country B has a comparative advantage in the production of rice
Country A would export beans to country B and B would export rice to A
Carter Production, Inc.'s required production for the first six month of the year is as follows. Month Required Production January 50,000 February 70,000 March 85,000 April 105,000 May 110,000 June 120,000 Each unit requires two pounds of material. Given a desired ending inventory of 20% of next month's production needs, the pounds of material to be purchased in April is: Multiple choice question.
Answer:
212,000 pounds
Explanation:
Calculation to determine what the pounds of material to be purchased in April is
Beginning inventory 210,000
(105,000 x 2)
Add Ending inventory 44,000
(20% of May production needs
( 110,000 x 2 x 20%)
Less Beginning Inventory 42,000
(20% of April)
April pounds of material to be purchased 212,000 pounds
(210,000+44,000-42,000)
Therefore the pounds of material to be purchased in April is 212,000 pounds
E-procurement: works best in long-term contract situations but is not suited for auctions. is the same thing as Internet purchasing. has many benefits but requires a lot of paperwork. is illegal in all states except Nevada and New Jersey. All of these are true of e-procurement.
E-procurement is the same thing as Internet purchasing.
Electronic procurement simply means buying a product online through the internet.
It should be noted that e-procurement is also the same thing as Internet purchasing and it doesn't require any paperwork.
Electronic procurement is legal in all states as people can purchase goods or services through the internet.
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