Answer:
cab fares will be higher.
Explanation:
The supply of cabs would fall as a result of the limit. The fall in supply would lead to a rightward shift of the demand curve for cabs.
As a result, equilibrium price (cab fares) would increase and equilibrium quantity would fall.
subway is a substitute for cabs
Due to the increase in the price of cabs, there would be an increase in the demand for subway. This would lead to a rise in equilibrium price and quantity
Seasons Manufacturing manufactures a product with a unit variable cost of $100 and a unit sales price of $176. Fixed manufacturing costs were $480,000 when 10,000 units were produced and sold. The company has a one-time opportunity to sell an additional 1,000 units at $140 each in a foreign market which would not affect its present sales. If the company has sufficient capacity to produce the additional units, acceptance of the special order would affect net income as follows:
A. Income would increase by $140,000.
B. Income would increase by $40,000.
C. Income would decrease by $8,000.
D. Income would increase by $8,000.
The Brazilian government wants to build a global satellite transmission system. The manufacturer will receive $500,000 above actual development costs, whatever those costs may be. Payment to the manufacturer of the satellite transmission system has been determined using:
Answer: cost-plus-fixed-fee pricing
Explanation:
The cost-plus fixed fee pricing refers to the pricing whereby the contractor is paid for the normal expenses that's incurred plus an additional fixed fee.
In this case, the satellite manufacturer will get a mutually agreed upon profit which is above all the costs that was involved in the project. Therefore, this refers to the cost-plus-fixed-fee pricing.
A person of color has been working at consulting firm for a few years and has noticed that despite his best efforts and outstanding performance, he is constantly overlooked for promotions and raises. His supervisor always gives him poor feedback despite the clients always being impressed by his contributions. Additionally, he never receives training or mentoring opportunities to advance his career. This situation demonstrates what type of discrimination
Answer:
Disparate treatment discrimination
Explanation:
This situation demonstrates Disparate treatment discrimination. This is because The individual in this scenario is exceeding expectations in regards to his work performance and is still being mistreated. Apparently, he is the only one being mistreated even though he is in the exact situation as all his other co-workers aside from the fact that he is outperforming them. Therefore, this means that the reason that he is being discriminated is due to some protected characteristic, which in this case seems to be the color of his skin and his culture.
Two unrelated individuals, John and Tom, own all the stock of Regal Corporation, which has earnings and profits of $400,000. Because of the inactivity of the business for the last several years, Tom has decided to retire from the business and move to Alaska. Accordingly, Regal Corporation will redeem all the stock owned by Tom and, in return, Tom will receive a distribution of $500,000. Tom's adjusted basis in the stock is $250,000. What will be the tax effect to Tom
Answer:
Capital gain of $250,000
Explanation:
Calculation to determine What will be the tax effect to Tom
Redemption proceeds $500,000
Less Adjusted basis in the stock ($250,000)
Capital gain $250,000
($500,000-$250,000)
Therefore the tax effect to Tom will be CAPITAL GAIN of $250,000
An increase in the wage rate causes Group of answer choices a decrease in the quantity of labor demanded. an increase in labor's marginal productivity. a leftward shift of the firm's labor demand curve. a rightward shift of the firm's labor demand curve.
Answer:
a decrease in the quantity of labour demanded.
Explanation:
Changes in wage rate leads to changes in the quantity of labour demanded and not a change in demand.
Changes in the quantity of labour demanded leads to a movement along the demand curve for labour and not a shift of the demand curve.
The quantity demanded of labour is inversely related to the wage rate.
An increase in the wage rate increases the cost of employing labour. As a result, the quantity demanded of labour falls
On the other hand, a decrease in the wage rate reduces the cost of employing labour. As a result, the quantity demanded of labour increases
An employee properly sued her employer for wrongful discharge in federal court. During discovery, the employee served the employer with a discovery request for information regarding all employment termination over the previous 15 years, regardless of the position. The employer objected, and the employee filed a motion to compel the requested discovery. The court denied the motion to compel, and the employee wants to file an immediate appeal to review this decision. Does the employee have a right to an immediate appeal
Answer:
No, because the trial court's order is an "interlocutory order" that can be reviewed prior to final judgment only if the trial court certifies it for immediate appeal and the appellate court, in its discretion, agrees to hear the appeal
Explanation:
Interlocutory orders
This is simply known as an order or judgment usually made in a case before the said parties claim or defense and every issue in the case has been reviewed or settled and they are not appealable. it is a form of rulings that trial judges do make in the course of pretrial proceedings and trials that were not entirely settled/resolve in the case. Therefore, they are not final. In this scenario above, interlocutory orders are usually not immediately reviewable on appeal until a final order is made such as meeting one of the exceptions permitting an appeal as of right (i.e., orders granting injunctions; orders appointing a receiver etc). This Appeals also may grant the review of an interlocutory order, but it is discretionary, and may be available only when the trial judge signs that the interlocutory order and the court of appeals then agrees to allow the appeal.
The management at Kohler Inc., a manufacturer of sinks, tubs, and other plumbing products, thinks that there will soon be a major growth in home remodeling due to rising interest rates. The management decides to use ____ in several key cities to provide support services for its sales force in those areas, carry inventory, and offer credit and other services to its retail plumbing customers.
Answer:
sales branches.
Explanation:
A sales branch can be defined as a wholesaler owned by a manufacturer and takes product title, assumes the risk associated with the ownership of this product, resells the product, as well as providing services to the end users or consumers. Thus, it's a form of business management set up by manufacturers in order to improve on their inventory control, sales, as well as the promotion of goods and services.
In this scenario, the management at Kohler Inc. is using sales branches in several key cities because it provide support services for its sales force in those geographical areas, carry inventory, as well as offering credit and other services to its retail plumbing customers.
Dan just lost his job. At 44 years old, he worked as a middle manager at a well-known advertising firm for 14 years. Due to a significant loss of clients, the company had to downsize despite Dan being an exemplary employee and winning several awards. The company decided to let Dan go instead of another middle manager who was in a minority group. In a business setting, this occurrence is referred to as
In a business setting, the given occurrence we called the reverse discrimination
Reverse discrimination is the non-fair treatment of members who belong to the majority group in the workplace that depends upon race, gender, etc.
Reverse discrimination might arise at the time when the majority group like white or males are to be overlooked for following things
JobsPromotionsOther types of opportunitiesThese should provide the preference to the minority group like for women
So therefore we can conclude that In a business setting, the given occurrence we called the reverse discrimination
Learn more about reverse discrimination here: brainly.com/question/12382112
Which of the following is not one of the methods used for applying overhead?u
a.activity-based costing application method
b.multiple production department rates
c.single plantwide application rate
d.single investment application rate
Answer:
d. single investment application rate
Explanation:
Manufacturing costs can be defined as the overall costs associated with the acquisition of resources such as materials and the cost of converting these raw materials into finished goods. Manufacturing costs include direct labor costs, direct materials cost and manufacturing overhead costs.
An overhead allocation that is typically based on volume alone, will systematically overcost the high-volume products that are also complex and undercost low-volume products that are simple in nature.
Some of the methods used for applying overhead are;
a. Activity-based costing application method.
An activity-based costing (ABC) can be defined as a method of costing that identifies the numerous activities in a business firm and assigns the cost of each activity to their respective drivers based on their consumptions.
b. Multiple production department rates.
c. Single plantwide application rate.
A plant-wide rate can be defined as a single overhead rate used by business firms or companies to allocate the manufacturing overhead costs to the level of output or productivity.
Answer:
d. single investment application rate
Explanation:
Hope this helps
Effective internal control activities over the payroll function may include Reconciliation of totals on job time tickets with job reports by employees responsible for those specific jobs. Verification of agreement of job time tickets with employee time clock card hours by a timekeeping department employee. Custody of rate authorization records by the supervisor of the payroll department. Preparation of payroll transaction journal entries by an employee who reports to the supervisor of the human resources department.
Answer:
Verification of agreement of job time tickets with employee clock card hours by a payroll department employee.
Explanation:
An effective internal control system
This simply aim to give adequate hope that the policies, processes, tasks, behaviours etc, of an organisation, when complied, helps its effective and efficient operation of the organisation etc.
It is very essential in the payroll and personnel cycle to prevent over payments and payments to nonexistent employees. Proper authorization by the human resources department should add and delete employees from the payroll or change pay rates and deductions. The number of hours, overtime, must be approved by employees supervisor.
Payroll computations should be separately verified. A member of management should review the payroll output for any obvious errors or unusual amounts.
Concord Company sells merchandise on account for $3300 to Pharoah Company with credit terms of 1/10, n/30. Pharoah Company returns $800 of merchandise that was damaged, along with a check to settle the account within the discount period. What entry does Concord Company make upon receipt of the check
Answer:
Dr Cash $825
Cr Sales Returns and Allowances $800
Cr Sales Discounts $25
Explanation:
Preparation of the journal entry that Concord Company make upon receipt of the check
Dr Cash $825
($800+$25)
Cr Sales Returns and Allowances $800
Cr Sales Discounts $25
(To record receipt of the check)
Sales discount=(Sales Price -Sales return) × 1%
Sales discount=($3300 - $800) × 1% = $25
Quality cost information reports ______. Multiple select question. show managers if quality control costs are poorly distributed help identify the financial cost of defects give managers an idea of where to focus quality control efforts always identify lost sales from customer ill will
Answer:
• show managers if quality control costs are poorly distributed
• help identify the financial cost of defects
• give managers an idea of where to -focus quality control efforts
Explanation:
Quality costs refers to the costs that is associated with the prevention, detection and remediating of product issues that are related to quality.
The uses of quality cost information include:
• show managers if quality control costs are poorly distributed
• help identify the financial cost of defects
• give managers an idea of where to -focus quality control efforts
Timothy periodically purchases bonds issued by Prince Waste Collection. Last year, he bought two bonds in February, two bonds in June, and one bond in August, then sold them all in October. Prince Waste Collection bonds were selling at 94.593 in February, 92.661 in June, 105.480 in August, and 102.882 in October. If each bond that Timothy bought had a par value of $1,000, how much profit did he make from buying and selling these bonds
Answer:
$344.22
Explanation:
Calculation to determine how much profit did he make from buying and selling these bonds
First step is to calculate how much Timothy invested in February, June and August
February=2 x $1,000 x 94.593%
February = $1,891.86
June= 2 x $1,000 x 92.661%
June= $1,853.22
August= $1,000 x 105.48%
August = $1,054.80
Total investment = $4,799.88
($1,891.86+$1,853.22+$1,054.80)
Seconds step
Since Timothg sold 5 bonds in the month of October at 102.882 each which means he will received:
Amount received= 5 x $1,000 x 102.882%
Amount received= $5,144.10
Now let determine his Total profit
Total profit = $5,144.10 - $4,799.88
Total profit= $344.22
Therefore how much profit did he make from buying and selling these bonds will be $344.22
Keepsake Collectibles focuses its marketing efforts on high-income buyers of unique collectible items. The firm realizes that the number of buyers in this segment of the collectible market is small. However, they are confident that this approach will be profitable since these buyers will pay premium prices for their unique products and superior customer service. Keepsake's approach is an example of:
Answer:
niche marketing.
Explanation:
From the question we are informed about Keepsake Collectibles which focuses its marketing efforts on high-income buyers of unique collectible items. The firm realizes that the number of buyers in this segment of the collectible market is small. However, they are confident that this approach will be profitable since these buyers will pay premium prices for their unique products and superior customer service. Keepsake's approach is an example of niche marketing.
The niche market can be regarded as subset of market whereby specific product is the target or been focused.
The market niche gives the description about product features and focus on satisfying particular market needs, it also focus on satisfying price range as well as production quality and also the demographics required for target. It can be regarded as small market segment
The natural rate of unemployment is best defined as A. the state of the economy when there is zero unemployment. B. the rate of unemployment when there is no frictional or cyclical unemployment. C. the rate of unemployment when there is no cyclical or structural unemployment. D. the rate of unemployment after all workers and employers have fully adjusted to all changes in the economy.
Answer:
The answer is D
Explanation:
Natural rate of unemployment is the rate at which labor market is in equilibrium. In other words, it is the the rate of unemployment after all workers and employers have fully adjusted to all changes in the economy.
Ground water is a vital water resource in the Choushui River area of Taiwan. A significantly increased demand for water, resulting from rapid economic development, has led to large scale ground water extraction. Overdraft of ground water has considerably lowered the ground water level, and caused seawater intrusion, land subsidence, and other environmental damage. Sound ground water management thus is essential. Chinese government officials have set up a(n) _____ system that allows it to make water management decisions using interactive computer models based on real-world processes. Group of answer choices
Answer:
Decision support
Explanation:
A decision support system (DSS)
This is simply known as a computer program application. it helps in breaking down (analyzes) of business data and bring it out in a way that users can make business decisions more quick and easy. it is also known as a form of an organized collection of people, procedures, software, databases, and devices that helps decisions making that solves problems. they are often used at all levels. DSS capitalizes on decision-making effectiveness regarding unstructured or semistructured business problems and it provides rapid access to information, handles large amounts of data from different sources, provides report and presentation flexibility etc.
Decision support systems are often compared to artificial intelligence agents.
If you could choose to be anything you want, what would you choose to be and why? 2-3 paragraphs
Suppose the economy is self-regulating, the price level is 210, the quantity demanded of Real GDP and the quantity supplied of Real GDP in the short run both equal $9.7 trillion, and the quantity supplied of Real GDP in the long run is $10.2 trillion. Given all of this information, we can conclude the economy ________________ in short run equilibrium and that the price level in the long run equilibrium will be ______________ than 210.
Answer: is; less than
Explanation:
An economy is said to be in short-run equilibrium in a scenario whereby the aggregate amount of output that is demanded is equal to the aggregate amount of output that is supplied. In this situation, the quantity demanded of Real GDP and the quantity supplied of Real GDP in the short run both equal $9.7 trillion, therefore, the economy is in short run equilibrium.
Since the quantity supplied of Real GDP in the long run is $10.2 trillion which is higher than the $9.7 trillion supplied in the short run, then there'll be a reduction in the price level in the long run equilibrium as thus will be less than 210.
The Director of Information Technology for the city of Tampa, Florida formed a company to sell computer supplies and software. All purchases made on behalf of the City were made from her company. She was later charged with fraud for overcharging the City, but was not convicted by a jury. The control issue in this case arose because the Director had both ________ and ________ duties.
Answer:
1. Recording
2. Authorization
Explanation:
Based on the scenario described above, it can be concluded that the control issue, in this case, arose because the Director had both RECORDING and AUTHORIZING duties.
This is because, for the Director of Information Technology for the city of Tampa, Florida not to have been convicted by a jury regardless of what she did, she must have followed the Segregation of Duties accordingly. This is a means of reducing the errors or fraudulent activities of employees.
And given she has a RECORD of transactions to prove her innocence and at the same time, she has AUTHORIZATION or the approval to supply the software, and hence, she is not guilty of the accusation.
FitWear Inc, a sporting goods footwear and apparel company, features photographs of celebrities wearing its brand of clothing and sports gear, FitWear Inc. launched a commercial for its new line of football cleats. This commercial featured famous football Stars because the company believes that celebrities can influence customers' buying decisions. In this case, the football stars served as
A. aspirational reference groups
B. opinion leaders
C, decision makers
D. nonaspirational reference groups
Answer:
B. opinion leaders
Explanation:
Opinion leadership is leadership via the user who used the active media in order to interpretation the meaning of the message related to media or for the lower end media users
It is to be done for high esteem in the case of acceptance of their opinions
As the individuals influence the common people so it is a opinion leaders
since they are individuals influencing common people
Externalities may prevent competitive markets from operating efficiently because A. consumers may buy goods in the black market. B. market prices may reflect the activities of consumers or producers on others. C. the market may goods that generate externalities on others. D. the market may goods that generate externalities on others. E. producers may sell goods outside of the market.
Answer:
D. the market may oversupply goods that generate negative externalities on others.
Explanation:
A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks, radio, table, etc.
In Economics, an externality could either be positive or negative depending on its effect on a third party.
A positive externality arises when the production or consumption of a finished product or service has a significant impact or benefits to a third party that isn't directly involved in the transaction.
On the other hand, a negative externality arises when the production or consumption of a finished product or service has a negative effect and/or impact (cost) on a third party.
This ultimately implies that, an externality is typically an unwarranted cost or benefit by a manufacturer or producer of goods and services that eventually affects a third party.
On a related note, externalities may prevent competitive markets from operating efficiently because the market may oversupply goods that generate negative externalities on others. Some examples of a negative externality is John declining to buy his favorite candy due to an increase in its price, a manufacturing plant that causes noise and pollution to the people living around where it is situated, etc.
amount of tax, TTT, in dollars to be paid by an individual with an income of III between 8{,}2258,2258, comma, 225 and 34{,}50034,50034, comma, 500 dollars is given by the equation above. Tax is paid from the portion of income above 8{,}2258,2258, comma, 225 dollars and the remaining amount becomes a part of disposable income. What percentage of income above 8{,}2258,2258, comma, 225 dollars remains after paying tax for an individual whose income falls within the specified range
Answer:
[tex]Amount = 87.5\%[/tex]
Explanation:
Given
[tex]T =0.125(I - 8225)[/tex]
Range = 8225 to 34500
See comment for proper format
Required
The percentage left after tax paid for individual in the above range
[tex]T =0.125(I - 8225)[/tex]
Rewrite as:
[tex]T = 12.5\% (I - 8225)[/tex]
The 12.5% implies that individuals in that income range pay 12.5% of the income.
So, the amount left is:
[tex]Amount = 100\% - 12.5\%[/tex]
[tex]Amount = 87.5\%[/tex]
Miss T's Ice Tea hit the ground running with its new product launch this year. At the end of the year, after taxes, they have $2,390,000 in revenues. They also have paid $800,000 for ingredients and supplies, $235,000 in wages, and $75,000 in rent. How much accounting profit did they make
Answer:
the accounting profit did they make is $1,280,000
Explanation:
The computation of the accounting profit is shown below:
= Revenue - ingredients - wages - rent
= $2,390,000 - $800,000 - $235,000 - $75,000
= $1,280,000
hence, the accounting profit did they make is $1,280,000
The same should be considered and relevant
Research suggests that the adoption of may increase efficiency and lower unit costs relative to what can be achieved by the mass production of a standardized output. Group of answer choices Just-in-time manufacturing Unscheduled manufacturing Flexible production technology Quick technology
The answer is "flexible production technology".
It is also known as a "flexible manufacturing system". FMS is a production method that can easily adapt to variations in the item's kind and quantity. The user could be configured machinery and computing devices like that it should produce a variety of products and manage varying production levels.The incorrect choice can be defined as follows:
A just-in-time manufacturing method, it aims to reduce production cycle durations as well as reaction times between suppliers and customers to save costs.Unscheduled manufacturing orders could be removed and afterward reinserted into the production schedule.Quick technology must be made much easier so that society's largest problems may be addressed, and individuals and companies could become more innovative, effective, and productive.Learn more:
flexible production technology: brainly.com/question/23851086
The market for fertilizer is perfectly competitive. Firms in the market are producing output but are currently making economic losses. Which of the following statements is true about the price of fertilizer? Check all that apply. The price of fertilizer must be greater than average total cost. The price of fertilizer must be greater than average variable cost. The price of fertilizer must be greater than marginal cost.
Answer:
The price of fertilizer must be greater than average variable cost.
Explanation:
Being a perfectly competitive market the prices of the fertilizers will rise. As the forms are making economic losses the prices must be greater the average variable costs.highlights four drawbacks of direct production
Answer:
Does not encourage trade as goods are produced for own use.
Citizens have limited variety of goods.
Discourages specialization as one is forced to produce everything required.
Hinders technological development due to use of simple production methods.
Explanation:
hope i helped
Nasir finds a used car for $4,000.00. It has all of the features he wants. He compares prices of similar cars at other car lots and finds the best deal at the local used car lot. The car looks even better than it did in pictures. It has a nice paint job, new tires, and new windshield wipers. Nasir pays $300.00 for a down payment and then purchases the car. He also bought an extended warranty and detailed car washing. What did he forget to do
Answer: a. Check the car for mechanical problems
Explanation:
Much like a house needs to be inspected before you move in, so also does a car. Especially when that car is an already-used car.
Regardless of how well the sellers may have made the car look aesthetically, Nasir should still have the car checked for mechanical problems as these are not visible upfront but can be very troublesome if present.
Checking the car would also enable him negotiate better because it would show the exact condition and he can take this into account during price negotiations.
An auditor ordinarily sends a standard confirmation request to all banks with which the client has done business during the year under audit, regardless of the year-end balance. A purpose of this procedure is to Provide the data necessary to prepare a proof of cash. Detect kiting activities that may otherwise not be discovered. Seek information about other deposit and loan amounts that come to the attention of the institution in the process of completing the confirmation. Request that a cutoff bank statement
Answer: Seek information about other deposit and loan amounts that come to the attention of the institution in the process of completing the confirmation.
Explanation:
An auditor needs to find out the source of a company's transactions that meet a materiality limit in order to ensure that the company was operating within the confines of the law in those transactions.
In the year of audit therefore, the auditor should request information from banks that the company transacted with so that they can find out relevant information about loans and deposit amounts to make sure that indeed the banks loaned out and received these amount.
The full disclosure principle: Multiple Choice Prescribes that accounting information is based on actual cost. Provides guidance on when a company must recognize revenue. Prescribes that a company report the details behind financial statements that would impact users' decisions. Prescribes that a company record the expenses it incurred to generate the revenue reported. Means that accounting information reflects a presumption that the business will continue operating instead of being closed or sold.
Answer:
Prescribes that a company report the details behind financial statements that would impact users' decision
Explanation:
The Full Disclosure Principle refers that the information i.e. relevant and significant for understanding the financial statement of the company should be involved at the time of filing in the public company
Also it reports the information behind the financial statement that have an effect on the decision of the users
Therefore the above statement represent an answer
A warranty in which the seller warrants that he or she has valid title to the goods he or she is selling and that the transfer of title is rightful is known as a warranty ________. of good title of no interference of no security interests against infringements
Answer:
of good title.
Explanation:
A good can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a good are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks, etc.
A warranty can be defined as a written promise or guarantee made by a manufacturer, lessor or seller about the identity or quality of goods and services or a property to a purchaser, promising him or her to repair or replace it if necessary within a specified time frame.
Hence, a warranty in which the seller of a good or service warrants that he or she has valid title to the goods he or she is selling and that the transfer of title is rightful is known as a warranty of good title.
A legal title can be defined as the actual (absolute) ownership of a property that is recognized and enforceable in a court of competent jurisdiction.
