Answer:
The answer is Implied.
Explanation:
The different types of contract are express contract, Implied
contract, unilateral contract, and bilateral contract.
The economic term for the want-satisfying ability, or value, that organizations add to goods or services is
The economic term for the want-satisfying ability, or value, that organizations add to goods or services is utility.
What is utility?Utility refers to the amount of satisfaction a consumer derive from the consumption of certain commodities.
It is the importance or value added to a product or service that helps gives the consumer useful information about all products and services.
Hence, the economic term for the want-satisfying ability, or value, that organizations add to goods or services is utility.
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Fred Jones withdraws $1,000$1,000 in cash from his savings account. What immediate effect does this transaction have on the monetary aggregate measures of M1M1 and M2M2 ?
The withdrawal of $1,000 in cash will lead to increase in the money supply, which results in increase in M1 money and decrease in M2 money.
What is M1 and M2 money in economics?The M1 includes money in circulation and checkable bank deposits. The M2 includes a M1 savings deposit (under $ 100,000) as well as money market funds.
The immediate effect this transaction have on the monetary aggregate measures of M1M1 and M2M2 is that there will be increase in money supply in the economy which will increase the M1 money.
On the other hand, it will decrease the money in the savings accounts. leading to reduction of M2 money by the same amount.
Thus,The withdrawal of $1,000 in cash will lead to increase in the money supply, which results in increase in M1 money and decrease in M2 money.
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A company sells a product for $3. Direct materials are $1.80 per unit. The company prepares a flexible budget at two sales volumes. At a sales volume of 50 units, budgeted direct materials will be $ . At a sales volume of 60 units, budgeted direct materials will be $
Answer:
$150 for budgeted direct materials and $180 for budgeted direct materials.
Explanation:
You take direct materials of 1.80 x sales volume of 50 units= budgeted direct material $90
To find a sales volume of 60 units, you take $1.80 of direct material X sales volume of 60 units= budgeted direct material of 108.
How has information technology impacted the economy? choose three answers. it has allowed economists to better predict how resources should be allocated. it has assisted governments to make better economic policy decisions. it has become more difficult for businesses to identify when shortages will occur. it has steadily increased the amount of time to share data between locations. it has expanded growth and outlook in information technology careers.
The IT impacted the economy by able to predict about resource allocation, governments policy decisions, employment in information technology sectors has grown.
What is information technology?Anything relating to computing technology is referred to as information technology.
Information technology (IT) is the creation, process, storage, security, and sharing of all types of electronic data using computers, collection, connectivity, and various physical devices, infrastructure, and procedures.
Economists are more knowledgeable about how resources should be allocated. Economic policy decisions can be made more effectively by governments.
The number of persons working in the information technology industry has risen.
Therefore, option A, B, and E are correct.
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Answer:
option A, B, and E are correct
Explanation:
The hypothetical country of Villagestan has no imports, no income taxes, and current real GDP that equals $150 million . Calculate the new level of real GDP if investment spending increases by $13.5 million and the marginal propensity to consume (MPC) is 0.7 .
Based on the current level of GDP, the investment spending, and the MPC, the new level of the real GDP will be $195 million.
What is the new level of the GDP?First find the investment multiplier as:
= 1 / (1 - MPC)
= 1 / (1 - 0.7)
= 3.333
The new level of GDP is:
= Current level of GDP + (Investment spending x Multiplier)
= 150 + (13.5 x 3.333)
= $195 million
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In a resource constrained project, the work must be finished by a certain time, or date, as efficiently as possible. True False
In a resource-constrained project, the work must be finished by a certain time or date, as efficiently as possible: False
What is a resource-constrained project?A resource-constrained project can be defined as any form of limitation of inputs or risks that are related to resources, which may serve as an obstacle to the successful completion of a project in due time.
This ultimately implies that, it is false to say that the work must be finished by a certain time or date, as efficiently as possible in a resource-constrained project.
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Question 10 of 10
What is one of the main benefits of using slide transitions?
Answer:
they have a timer function that can help your presentation stay on pace.
In 2020 a U.S. private entity reported $8 million of goodwill in last year's balance sheet. The entity has elected the accounting alternative for subsequent measurement of goodwill. How should the entity calculate its reported goodwill for the current year?
The private entity should calculate its reported goodwill for the current year by evaluating goodwill impairment.
What is goodwill impairment?Goodwill impairment occurs when the carrying value of acquired goodwill on financial statements exceeds its fair value.
Accounting standards allow for the evaluation of goodwill impairment at the end of the financial period.
The evaluation of impairment shows the difference (impairment loss) between the carrying value and the fair value of goodwill, which reduces the book value of goodwill.
Thus, the private entity should calculate its reported goodwill for the current year by evaluating goodwill impairment.
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Glamor is a cosmetics company that uses a television program to explain the benefits of the company's unique skincare products developed over several years by a Beverly Hills dermatologist. The program shows a step-by-step process of daily skincare activities designed to improve a person's skin tone, wrinkles, and skin discoloration. This television _______ is a 30-minute or longer advertisement, which is relatively inexpensive to produce and air
The television infomercial is a 30-minute or longer advertisement, which is relatively inexpensive.
What is an infomercial?An infomercial serves as a form of advertisement that educate the customer about a product.
Therefore, infomercial is a series of introduction as regards products via television.
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If the stock of money is $250 billion, velocity is 5, and the price level is 10, what is real output
The real output given the money supply, price level and the velocity of money is $125 billion.
What is the quantity theory of money?The quantity theory of money states that the price of goods and services in an economy is directly proportional to the money supply.
Quantity theory of money: price x real output = money supply x velocity
What is the real output?Real output = (money supply x velocity) / price
(250 billion x 5) / 10 =
$125 billion
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The stock of Yakir Development has a beta of 1.31. The risk-free rate of return is 1.5 percent and the market rate of return is 8 percent. What is the risk premium on this stock
The risk premium of a stock of Yakir Development given its beta, risk free rate of return and market rate of return is 6.5%.
What is the risk premium?A stock is used to raise capital by public companies. Stocks gives its holders an ownership right in the company.
The risk premium is the rate of interest in excess of the risk free rate that investors demand for holding a risky stock.
Risk premium = market rate of return - risk free rate
8 - 1.5 = 6.5%
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1. Determine the amount of the impairment loss, if any. (Enter your answer in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).)
The imparment value on the asset given the book value and the fair value of the asset is $-2.8 million.
What is the impairment loss?An asset is impaired when its book value is greater than the total future cash flows. When an asset is impaired, in order to determine the impairment loss, subtract the fair value of the asset from the book value of the asset.
Impairment loss = 6.9 million - $9. 7 million = $-2.8 million
Here is the information that would be used to solve the question: Book Book value $9. 7 million
Estimated total future cash flows 8.1 million
Fair value 6.9 million
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Given beginning operating assets of $140,000, ending operating assets of $180,000, net operating income of $40,000, and tax expense of $8,000, return on investment is equal to
Answer:
25%
Explanation:
Net Operating Income÷Avg Invested Assets
AVG Invested assets=140,000+180,000÷2
40,000÷160000=25%
Petra has been working in procurement for two years. She is interested in doing something new with supply chain operations that would build on her current skills. What would inhibit her from advancing her career
The factor that would inhibit Petra, who works in procurement, from advancing her career in supply chain operations is her professional qualification.
How is supply chain management different from procurement?Procurement concentrates on acquiring goods and services needed in an organization.
Supply chain management embraces all the activities involved in the procurement, production, and distribution of an organization's goods and services until they reach the end-users and create value for the organization.
Thus, the factor that would inhibit Petra, who works in procurement, from advancing her career in supply chain operations is her professional qualification and experience.
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Otto is one of many employees working from home. Because his home is located in a rural area, the only form of connectivity available is dial-up. To connect to his office located in an urban community, what must the IT department set up
Given that the only type of connectivity that they have is a dial upo, it would be necessary for the IT department to set up a remote access network.
What is a remote access network?This type of network is the type that gives the ability to use the system or a given network even tough one is not present at the time.
This is a network that allows one to work while thaey are offline. This type of network would be good for Otto.
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A decision-making process that managers use to determine how to invest the company’s funds in major capital assets, such as new facilities, equipment, and research and development projects is called.
A decision-making process that managers use to determine how to invest the company’s funds in major capital assets is capital budgeting.
What is capital budgeting?It should be noted that capital budgeting simply means the process undertaken by a business to evaluate investments.
In this case, the decision-making process that managers use to determine how to invest the company’s funds in major capital assets is capital budgeting.
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When preparing the statement of cash flows using the indirect method, depreciation expense is added to net income because it ______.
When preparing the statement of cash flows using the indirect method, depreciation expense is added to net income because net income is a starting point in measuring cash flows from operating activities
What is a Balance Sheet?This refers to the inventory taken for all goods available in a warehouse, showing its financial records.
Hence, we can see that when a person is preparing the statement of cash flows with the indirect method, there is the addition of depreciation expense simply because the net income must be factored in.
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Davidson company received $80,000 from the issuance of bonds, paid cash dividends of $10,000, sold long-term investments for $12,000, and purchased new equipment for $19,000. What is the net cash flow from financing activities?.
Based on Davidson Company's cash from bonds, and cash dividends paid, the net cash flow from financing activities is $70,000.
What is the net cash from financing activities for Davidson Company?The financing activities have to do with debt, and stock.
The net cash from financing acitivities is therefore:
= Bond issuance - Cash dividends paid
Solving gives:
= 80,000 - 10,000
= $70,000
In conclusion, the net cash from financing is $70,000.
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In the Toyota Production System, waste and inefficiency are referred to as __________, and the ongoing effort to reduce this is referred to as __________. jidoka; heijunka muda; kanban kaizen; heijunka muda; kaizen muda; jidoka
Toyota has one of the finest production system of cars in the world.
It constinuously strives to improve its production lines and waste managements.
The waste and inefficiency are refetrred to as Muda and the company makes ongoing efforts to reduce this is known as Kaizen.
Muda
It is a Japanese term which is used for uselessness. Toyota tries to manage and allocate its resources effectively so that its waste is limited.
KaizenIt is a Japanese term which means continuous improvement.
Toyota follows this technique iin its production so that its allocates optimal resources and produces minimum possible waste which leads to increased profitability.
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Diego wants to expand his business to build a warehouse and office building for $2 million. He'll use the 5 acre property he owns and currently rents to a local cattle rancher for $5,000. What are the implicit costs of of this expansion
The rents of $5,000 that Diego currently receives from the local cattle rancher are the implicit costs of this expansion.
What is an implicit cost?An implicit cost can e described as the opportunity cost that a company must forgo in order to use a factor of production that it already owns and hence does not have to pay rent for it.
In this case, the implicit costs are the $5,000 rents Diego currently receives from the local cattle rancher
Implicit cost is the polar opposite of an explicit cost which is paid directly such as the $2 million Diego wants to build a warehouse and office building.
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A ________ would most like argue in favor of more progressive taxation, strong reproductive rights, and foreign aid to poorer nations.
A socialist would most like argue in favor of more progressive taxation, strong reproductive rights, and foreign aid to poorer nations.
Who is a socialist?Socialist is a person that stand to fight and support the poorer nations for their maximum rights and access to essentials in which other nations benefits from.
They support and fight for them in terms of progressive taxation, reproductive Rights and so on.
Therefore, socialist would most like argue in favor of more progressive taxation, strong reproductive rights, and foreign aid to poorer nations.
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A kanban card is used to signal that: Select one: a. A machine has broken down. b. Work is needed from the preceding station. c. A worker has run out of parts. d. Work is ready to be moved to the next
A kanban card is used to signal that Work is ready to be moved to the next.
What a Kanban Card is used for?The Kanban system or process is based on product signals throughout its production process from start to finish.
When a "customer service center" removes something from the store, a "kanban" or signal goes with the equipment. So this is a "pull" system that is driven by need.
Thus, A kanban card is used to signal that Work is ready to be moved to the next. Option D is correct statement.
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bank which must hold 100 percent reserves opens in an economy that had no banks and a currency of $150. If customers deposit $50 into the bank, what is the value of the money supply
Assuming the reserves opens in an economy that had no banks and a currency of $150.The value of the money supply is $150.
What is money supply?Money supply can be defined as the flow of money or amount of money that is in circulation in a country at a particular period of time.
Since the bank hold 100% reserve and a currency of $150 the value of the money supply will be $150.
Therefore the value of the money supply is $150.
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Which of these are some strategies to manage the risks of economic nationalism and political risks? purchase insurance find local partners increase research and development.
Answer:
-limit R&D, local partners, insurance, and hedging
-adds more strategy to the mix
-Strategic planning to include:
--Scenario planning and stress testing
--Address potential stakeholders in planning process (e.g. include schools, infrastructure, hospitals in plans)
Some strategies to manage the risks of economic nationalism and political risks are adding further strategy to the mix are limit R&D, local partners, insurance, and hedging.
What is economic nationalism?A circumstance where a nation attempts to safeguard its own economy by limiting foreign investments and imports: The US was viewed as the principal adversary of economic nationalism and protectionism.
Economic nationalism should be viewed as a collection of methods for developing, supporting, and defending national economies in the setting of international markets.
Economic instability, nationalist movements, and expanded governments all contributed to the growth and institutionalization of economic nationalism in the 20th century.
Due to convictions that industry has beneficial spillover effects on the rest of the economy, improves the nation's self-sufficiency and political independence, and is an essential component in developing military power, economic nationalism frequently emphasizes industrialization.
Economic nationalism, also known as "Mercantilism" and "Realism" in a broader sense in the study of international affairs, is characterized by its tendency to be a zero-sum game.
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A virtuous cycle refers to the development of new products that follows when a monopoly earns economic profits.
A. True
B. False
A virtuous cycle refers to the development of new products that follows when a monopoly earns economic profits.
What is virtuous cycle?A virtuous cycle serves as the cycle that brings about increased productivity, increased exports, and increased growth.
Therefore, in increased productivity, increased exports, and increased growth the result of an increase affect the other.
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Which statement is true about letters of credit?
OA. They are described in Article 4A of the UCC.
B. They are frequently used by new businesses.
C. They are issued by businesses to banks.
OD. They are used only for domestic transactions
Answer:
B. They are frequently used by new businesses.
Explanation:
Letters of credit are frequently used by new businesses because they are new and can be a financial risk investment because of how unstable they can be when starting off. Letters of credit guarantees the safety of the payments to another a bank.
When trying to assess whether an applicant will be a good performer, managers utilize interviews, background information, paper-and-pencil tests, and references, which are known as _____
When trying to assess whether an applicant will be a good performer, managers utilize Selection Tools.
What selection tools?Selection is the process that managers in all organizations use to determine:
The qualifications of job applicants. Their performance potential.The known selection tools include:
Paper-and-pencil testsPhysical abilities testPerformance testsBackground informationInterviewsReferences.Thus, when trying to assess whether an applicant will be a good performer, managers utilize interviews, background information, paper-and-pencil tests, and references, which are known as Selection Tools.
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Located on a college campus, Howie's Hot Dog Hut charges $3.99 for its deluxe dog basket. However, students receive a 10 percent discount off the price for showing their student ID. This is an example of
The discount offered to students who buy the hot dog is an example of price discrimination.
What is price discrimination?
Price discrimination is when the same product is sold at different prices to customers in different markets
Third degree price discrimination is when a firm charge different prices to different groups of customers. e.g. having a certain price for senior citizens, students
Here is the complete question:
Located on a college campus, Howie's Hot Dog Hut charges $3.99 for its deluxe dog basket. However, students receive a 10 percent discount off the price for showing their student ID. This is an example of
Multiple Choice
predatory pricing.
price fixing.
price inflation.
price discrimination.
deceptive pricing
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Audrey, a team leader, wanted to make some changes in the seating arrangement of her team members to improve communication. She outlined a plan that she thought would suit everybody and sent it to all the members, asking them for their opinions and suggestions. This is an example of
The example of communication illustrated by Audrey is two-way communication.
What is communication?
It should be noted that communication simply means the exchange of information between parties.
In this case, Audrey outlined a plan that she thought would suit everybody and sent it to all the members, asking them for their opinions and suggestions. This form of communication that is illustrated by Audrey is two-way communication.
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What is the value of contracting with celebrities to endorse the company's brand of athletic footwear?
The value added is that celebrity endorsement provides in increasing a company's sales and market share of branded footwear.
What does brand means?A brand is the collective impact or lasting impression experienced by customers who come into contact with a company and its products and services.
It is a way of specially identifying your business because it create uniqueness to a company's image.
Hence, the value added is that celebrity endorsement provides in increasing a company's sales and market share of branded footwear.
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