The area where technical skills are most often necessary is in the:
Lower levels of management What is Management?This refers to the organisation, handling and overall charge of a particular area of work.
With this in mind, we can see that technical skills are most often necessary in the lower levels of management in business as the require the ability to perform very specific tasks.
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The most recognizable resources that a firm uses to manufacture its products, such as the firm's plant and equipment, are categorized as _____ resources.
Tangible resources are the most recognizable resources that a firm uses to manufacture its products, such as the firm's plant and equipment.
What are tangible resources?Tangible resources or asset is resources that have a finite monetary value and are usually a physical form. They are physical assets owned by a company that can be quantified with relative ease and are used to carry out its business .
Tangible resources include:
CashInventoryVehiclesEquipmentBuildings and investmentsHence, tangible resources are the most recognizable resources that a firm uses to manufacture its products, such as the firm's plant and equipment.
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Briefly discuss three objectives of the government
Government aims to influence distribution of income by imposing taxes on the rich and spending more on the welfare of the poor. It will reduce income of the rich and raise standard of living of the poor, thus reducing inequalities in the distribution of income. 3. Economic Stability:
A law was passed increasing the minimum wage by 30%. The owner of a small landscaping business must now pay all of her laborers 30% higher wages.
What is the minimum amount the owner must now charge customers for labor to balance her increased operational expenses?
Note: Disregard associated increases in taxes, such as FICA.
A.No increase is needed
B.15%
C.30%
D.60%
Answer:
30%
Explanation:
just took the test.
The minimum amount the owner must now charge customers for labour to balance her increased operational expenses is 30%. The correct option is c.
What are operational expenses?Operational expenses, operating expenditure, operating expense, operational expenditure or OPEX is an ongoing cost for running a product, business, or system. Its counterpart, a capital expenditure, is the cost of developing or providing non-consumable parts for the product or system.
For example, the purchase of a photocopier involves CAPEX, and the annual paper, toner, power and maintenance costs represent OPEX. For larger systems like businesses, OPEX may also include the cost of workers and facility expenses such as rent and utilities.
In business, an operating expense is a day-to-day expense such as sales and administration, or research & development, as opposed to production, costs, and pricing.
In short, this is the money the business spends to turn inventory into throughput.
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What is a producer and a consumer?
What is a market
Define Good ands Services and provide examples.
How do Consumers satisfy their wants and needs by buying goods and services from businesses.
Answer:
Producers are people who make or grow goods and provide services. Consumers are people who buy or use goods and services to satisfy their wants.
Goods are items that are usually tangible, such as pens, physical books, salt, apples, and hats. Services are activities provided by other people, who include doctors, lawn care workers, dentists, barbers, waiters, or online servers, a digital book, a digital video game or a digital movie.
Consumers satisfy their wants through purchasing goods and services for consumption purposes.
Explanation:
Jan's Jams makes a credit sale for $300 with terms of 2/10,n/30. The cost of the merchandise is $200. The required journal entry to record the sale and the cost of the sale is: _________
a) debit Accounts Receivable $200; credit Sales $200;
b) debit Cost of Goods Sold $300; and credit Merchandise Inventory $300
c) debit Accounts Receivable $300; credit Sales $300;
d) debit Cost of Goods Sold $200; and credit Merchandise Inventory $200
e) debit Sales $300 and credit Cost of Goods Sold $300
f) debit Accounts Payable $300; and credit Sales $300
Answer: debt Accounts receivable $300; credit Sales $300; debit Cost of Goods Sold $200; and credit Merchandise Inventory $200
Explanation: see attachment for more help
The correct options are C and D respectively. The required journal entry to record the sale and the cost of the sale is debit Accounts Receivable $300; credit Sales $300; debit Cost of Goods Sold $200; and credit Merchandise Inventory $200.
What is the difference between accounts payable and accounts receivable?The terms "accounts payable" and "accounts receivable" refer to the same thing. Accounts receivables represent the money that customers owe your company, as opposed to Accounts Payables, which represent the money that your company owes to suppliers.
An's Jams makes a credit sale for $300 with terms of 2/10,n/30. The cost of the merchandise is $200. The following are required journal entries to pass debit Accounts Receivable $300; credit Sales $300; debit Cost of Goods Sold $200; and credit Merchandise Inventory.
Thus, the proper answers are C and D, respectively.
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An example of structural unemployment is a(n):________.
a. worker at a fast food restaurant who quits work and attends college
b. real estate agent who leaves a job in Texas and searches for a similar, higher paying job in Cali
c. autoworker who is temporarily laid off from an automobile company because of a decline in sales
d. geologist who is permanently laid off from an oil company because of an increase in wages won by labor unions
Answer:
d) Geologist who is permanently laid off from an oil company because of an increase in wages won by labor unions.
Correct me, if I am wrong :)
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Look at the demand and supply schedules for wombles in the table below. Use a
graphing tool and insert your graph on page 3. You can use tools in word, Excel, of
web bases ones like ChartGo. You can draw on paper and yan.
Demand and Supply Schedule
A demand schedule is used in conjunction with a supply schedule, which shows the quantity of goods that can be supplied to the market by producers at a price.
What is a demand schedule?Your information is incomplete. Therefore, an overview will be given. A demand schedule is simply a table that shows the quantity demanded of a good at different price levels.
A supply schedule is a table which shows the relationship between the price of a good and the quantity supplied.
A demand schedule consists of two columns. Here, the first column lists a price for a product and the second column lists the quantity of the product demanded at that price. Also, the price is determined based on the research of the market.
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Morabido mails registered letters, sends e-mails, and places ads in local newspapers where it sold a defective weed killer. Huntington knows of the recall but ignores it, applies the weed killer to his crops, suffers damages, and sues. Which defense can Morabido use at trial?
The defense which Morabido can use at trial is:
Assumption of RiskWhat is Assumption of Risk?This refers to the defense which is used in the law court to try to prevent a plaintiff from making a recovery based on negligence.
WIth this in mind, we can see that Morabito can make use of assumption of risk to show that because Huntington knew of the defect but went ahead to make use of weed killers.
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When the market is in equilibrium, the price that consumers pay and that producers receive exactly balances the:.
In an equilibrium market, the prices balance the marginal benefit and marginal cost of consuming and producing a good or service.
What is equilibrium?Equilibrium simply means when demand and supply are balanced.
When the market is in equilibrium, the price that consumers pay and that producers receive exactly balances the marginal benefit and marginal cost of consuming and producing a good or service.
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Arriving 20 minutes early to an interview _____. is too early because you will not be able to use your cell phone during that period. is perfect timing for both you and the interviewer will not be enough time to showcase your patience while waiting may be an inconvenience to the interviewer
Yolinda and Wes decide to go into business together as a partnership. As part of their business, they lease a car, with each paying half the monthly expenses. Unfortunately, the business does not make any money. After 2 years, Yolinda decides to leave and take a job with another employer. Wes, on the other hand, decides to make a go of the business. Given this information, which of the following is true?
a. Because Yolinda is no longer involved in the business, she no longer needs to help make the car expenses.
b. If Yolinda stops making her share of the car expenses, Wes will be liable for Yolinda's share.
c. Because the partnership is no longer in existence, the car lease is null and void.
d. Because Wes received only half of the company's profits, he is only liable for his share of expenses.
Given that one of the partners of the business has left the business, the answer that is correct is the fact that
Because Yolinda is no longer involved in the business, she no longer needs to help make the car expenses.What is a partnership?This is a business arrangement that is made by two or more persons. The business arrangement has the partners sharing in the liability of the business.
The reason why Yolanda has to stop sharing in the expenses is simply because she is no longer a part of the partnership.
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Chicken becomes more expensive in 2008 at Wegmans in State College, Pennsylvania. This means:
a. the consumer price index (CPI) will rise in 2008 if, and only if, State College is one of the 38 geographic locations and chickens are one of the 8,000 goods included in the CPI.
b. the consumer price index (CPI) will almost certainly rise in 2008, even if State College is not included, as long as chicken is included and becomes more expensive on average at the indexed locations.
c. the consumer price index (CPI) will likely fall if the average weighted price of chicken increases in the United States and the price of chicken at Wegmans makes almost no difference in the CPI.
d. the consumer price index (CPI) might rise or fall and the price of chicken at Wegmans could make a very small difference in the CPI if chicken at Wegmans is included in the index. However, chicken would be a relatively small portion of the entire CPI, if it is included at all.
e. chicken prices are never included in the consumer price index (CPI) because the creator of the CPI, James Gapinski, did not like chickens.
When the price of a product in a certain location rises, it can only affect the Consumer Price Index (CPI) if that location is used in the computation of the CPI and if the good whose price increased is also included.
What is Consumer Price Index?This refers to the mean difference in prices over that that people pay for a basket of goods and services.
The CPI is calculated as a weighted average of a broad cross-section of goods and services. This collection of goods and services is what is referred to as a basket of goods and services.
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Spyder Corporation’s technology and business strategies became entangled, what would this be considered?
When a business's strategies and technology are able to become entangled, this is called Technology integration.
What is technology integration?Refers to the process of aligning a business's strategies with its available technology. This allows for increased efficiency to achieve organizational goals.When Spyder Corporation's technology was entangled with its business strategies, this allowed for technology integration that will contribute to the success of their business.
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The financial system moves the economy's scarce resources from a.the rich to the poor. b.government to households. c.business firms to financial institutions. d.savers to borrowers.
Answer: your answer is d. Savers to borrowers.
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Compared to the past, the importance of firms' intangibles has increased. Therefore the importance of a firm's book value has _____ as part of the firm's total stock market valuation. Multiple choice question. decreased ceased to matter stayed the same increased
Indeed, the importance of a firm's intangibles has increased, thereby decreasing the importance of the firm's book value as part of the firm's total stock market valuation.
Thus, the correct option is A. decreased.
The current value measurement tools include the balanced-scorecard and the Triple bottom line measures.
What is the balanced-scorecard?The balanced-scorecard measures a firm's performance by linking it to the following factors:
InnovationCompetitivenessOrganizational learningWhat is the Triple bottom line?The triple bottom line measure accesses an organization's performance based on its ability to achieve human sustainability and work-life balance. The triple bottom line concentrates on people (social responsibility), profit (economic value), and planet performances (environmental impact).
Thus, the increased importance placed on the firm's intangibles has reduced or decreased the importance placed on the book value in stock market valuation because the valuation emphasis has shifted to using the balanced-scorecard and the Triple bottom line measures.
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What is one of the most important job duties for a research administrator as a fiduciary agent of their organization
A vital duty of a research administrator as a fiduciary agent is judiciously overseeing financial resources to support research initiatives while maintaining accountability and transparency.
In the role of a fiduciary agent, a research administrator's paramount task involves skillfully navigating the financial landscape of their organization, orchestrating the allocation of funds to sustain diverse research initiatives.
With a vigilant eye on balancing the fiscal equilibrium, they wield their expertise to safeguard the institution's financial well-being while nurturing innovation.
By judiciously managing resources, they weave a tapestry of financial support that empowers researchers, cultivates groundbreaking projects, and fortifies the institution's commitment to advancement, thus epitomizing fiduciary stewardship through the fusion of financial acumen and scholarly progress.
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Which of the following quotations from the text best shows the author’s argument? * "Entrepreneurs are people who organize, manage, and take on the risks of a business. " "influencers usually don't have to spend money on renting office space, since many of them work from their own home. " "As influencers have grown in number, they have become more and more popular" "As entrepreneurs themselves, influencers create businesses and add a few unique features that continue to boost the economy in a socially connected world. ".
Enterprenuer are risk takers and influencers enhances a business to popularity.
Who is a Enterprenuer?An entrepreneur is an Individual that creates a new business and bears most of the risks and enjoys the rewards.
An influencer is a person who is known as an expert within their field that also has a steady following.
Therefore, Entrepreneurs are people who organize, manage, and take on the risks of a business and as influencers have grown in number, they have become more and more popular.
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A decrease in the number of sellers in the market causes.
A decrease in the number of sellers in the market causes the supply curve to shift to the left.
How does a decrease in the number of sellers affect the supply curve?The supply curve is a curve that shows the relationship between quantity supplied and the price. The relationship is positively sloped/
When the number of sellers in the market decreases, there is a decline in supply, as a result the supply curve shifts to the left.
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The process of leaving your money and any accumulated interest in an investment for more than one period, thereby reinvesting the interest, is called.
Compounding is known as the act of leaving your money and other accumulated interest in an investment for more than one period.
How do you explain the word compounding?Compounding is known to be the method used when an interest is credited to a specific existing principal amount and also to interest already paid.
It is the act of letting go of one's money and other compiled interest in an investment for a long time.
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Lindell sells $100 of goods to a customer. The customer pays with a personal check. Recording this transaction will include a
If the customer pays with a personal check. Recording this transaction will include a Debit Cash $100.
Based on the information given since Lindell sells good of the amount of $100 to a customer in which the customer pays with a personal check the appropriate journal entry to record this transaction will includes;
Lindell journal entry
Debit Cash $100
Credit Check receivable $100
Inconclusion if the customer pays with a personal check. Recording this transaction will include a Debit Cash $100.
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The Great Recession, a sharp economic downturn that begun in 2008, brought high unemployment, increased business failures, and an overall drop in living standards. According to economist Joseph Schumpeter, which business cycle occurred when the economy began to stabilize and grow
According to Joseph Schumpeter, the stage that is described above is the Recovery stage.
What happens in the recovery stage?The country begins to recover from the negative economic conditions of the depression. Signs of stability will begin to appear.In the recovery stage, economic activity will start to rise as there will be more production of goods and services.
Unemployment will also begin to drop as more companies hire people to produce. They will in turn increase spending which would further stimulate the economy.
In conclusion, this is the recovery stage.
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A decrease in the number of sellers in the market causes:.
Answer:
Monopolistic trade system that destroys family-owned business and further perpetuates big businesses like wal*mart, whole foods, and amazon.
Explanation:
But the capitalistic society we live in doesn't care about mom and pop stores or the individuals they sell to. They only want the most for the cheapest and don't care about who gets exploited in the process of delivering cheap goods to the consumers.
But you don't even want to hear that. You just want to get the answer correct on your homework by saying "A decrease in the number of sellers in the market causes the supply curve to shift making less supply available inherently bringing the prices of goods up"
The owner of an organic pet food store would like to analyze the sales data to determine if the business is growing, declining or remaining flat. The owner has the following data: Sales Revenue Last Year= $350,000 Sales Revenue Current Year= $402,500 What is the sales growth
15%
7%
5%
20%
Answer:
The pet food store grew by 15%
Explanation:
True or false: Underapplied or overapplied overhead occurs because overhead is applied to jobs using a predetermined rate based on estimates of costs and activity levels.
There are different kinds of rules. Underapplied or overapplied overhead occurs because overhead is applied to jobs using a predetermined rate is a true statement.
What is Underapplied overhead?This is known too be when the amount of a specific OH applied is said to be less than full amount of actual MOH for that specific period.
Overapplied overhead is known to be when the amount of OH applied is said to be more than full amount of actual MOH for that specific period.
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Because of asymmetric information, most used cars that are offered for sale will be sold for prices that are greater than their true value. Because of this fact, the used car market falls victim to
The situation that the used car market falls to as a victim in this case is known as adverse selection.
What is an adverse selection?An adverse selection is a situation where a sellers have information that buyers do not have or where the buyer have an information that the seller do not have about some aspect of product quality
In conclusion, the situation that the used car market falls to as a victim in this case is known as adverse selection.
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Can i dispute a credit card charge that i willingly paid for.
Depends on the bank that issued your card. You might want to talk to your card issuer's customer support.
Winners of the Georgia Lotto drawing are given the choice of receiving the winning amount divided equally over years or as a lump-sum cash option amount. The cash option amount is determined by discounting the annual winning payment at % over years. This week the lottery is worth $ million to a single winner. What would the cash option payout be?
Based on the information given cash option payout is $10,570,847.19.
Cash option payoutFirst step is to calculate the PMT
PMT =18,000,000/19
PMT=$947,368.42
Second step is to find the cash option payout using financial calculator by imputing the below value.
PMT= -$947,368.42
FV=$0
N=19 years
I/Y= 6%
PV=?
Hence,
CPT PV=$10,570,847.19
Inconclusion the cash option payout is $10,570,847.19.
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A company's worksheet for the month of June shows Prepaid Rent with a $4,000 debit balance on the Trial Balance section and shows a $1,000 credit in the Adjustments section. The balance for Prepaid Rent in the Adjusted Trial Balance section would be:___________
Answer:
its 3,000
Explanation:
f the price elasticity of demand for volleyballs is 1.20, a 15 percent increase in the price will result in
A 15 percent increase in the price will result in 18% decrease in quantity demanded.
What is Price Elasticity Of Demand?
Price elasticity of demand is defined as the the change in the rate of consumption of a particular product with respect to the change in its price. It is given as is the ratio of the percentage change in the quantity demanded of a product to the percentage change in price.
Simply put;
Price elasticity of demand = percentage change in quantity demand / percentage change in price
[tex]pEd[/tex] =[tex]\frac{percentage change in quantity}{percentage change in price, }[/tex] ; [tex]pEd[/tex] =[tex]\frac{Qd}{Pd }[/tex]
We were given that
Price Elasticity of demand; pEd 1.20Increase in the price ; 15%Plugging in our values, we have that
1.20 =[tex]\frac{Qd}{0.15}[/tex]
Percentage change in quantity demanded[tex]Qd[/tex] =0.18 =18%
Therefore, A 15 percent increase in the price will result to an 18% decrease in quantity demanded.
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Assigning indirect costs to specific jobs is completed by:.
When a business wants to assign indirect costs to specific jobs, they do this by using the predetermined overhead rate.
Assigning indirect costs to specific jobs.When a company engages in production, they cannot directly trace where indirect costs come from so they apply it to each specific job using a predetermined overhead rate.
This rate will be based on some other matric such as labor, and will allow for indirect costs to be assigned to jobs for price determination.
In conclusion, the predetermined overhead rate is used.
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