Answer: The invisible hand is a metaphor for how, in a free market economy, self-interested individuals can promote the general benefit of society at large.
The ________ function calculates the current value of an investment given a fixed discount rate.
The Excel NPV function is a financial function that calculates the net present value (NPV) of an investment using a discount rate and a series of future cash flows.
How do you calculate NPV using Excel? The Excel NPV function is a financial function that calculates the net present value (NPV) of an investment using a discount rate and a series of future cash flows.Excel has an in-built NPV function with the following syntax: NPV(rate, value1, [value2]The current value of an investment Keywords:Net present value (NPV) can help companies determine the financial viability of a potential project.It's especially useful when comparing more than one potential project or investment.NPV is an essential tool for corporate budgeting.You can use Excel to calculate NPV instead of figuring it out manually.An NPV of zero or higher forecasts profitability for a project or investment; projects with a negative NPV forecast loss.
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Kroger grocery stores have an in-house brand for many products, including butter, ice cream, salad dressing, and cheese,. this is an example of:______.
Kroger grocery stores have an in-house brand for many products, including butter, ice cream, salad dressing, and cheese,. this is an example of: A line filling Strategy
What is meant by line filling strategy?Line-filling tactics entail adding more goods to an existing product line in order to capitalize on market inefficiencies and lessen competition. Many companies use line filling to complete an already comprehensive product line and to boost the commercial success of new, closely related products.
the act of expanding a product line with new items to make it more comprehensive: Having a full line requires having everything from a calls-only phone to a smart phone that can compete with a netbook in terms of performance.
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In 2021, the maximum contribution that an individual who earns $1,000 can make to an ira is:________
a. $1,000
b. $4,000
c. $5,000
d. $6,000
The correct answer is (a) $1,000.
In the United States, an individual retirement account is a type of pension offered by several financial companies that offers tax benefits for retirement savings.
ExplanationThe maximum individual IRA contribution for 2021 is the lesser of 100% of income or $6,000 per person. The maximum donation allowed is $1,000 due to this person's $1,000 annual income. Of course, if a person only makes $1,000 a year, they most likely don't have enough money to pay their bills and they most likely don't have any extra money to put into an IRA, but that is not the question.
What is IRA?You may save money for retirement tax-advantageously with an individual retirement account (IRA). An IRA is a financial institution-created account that enables someone to save for retirement while earning tax-free growth or on a tax-deferred basis.
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When the product or service related to an unearned revenue is delivered, the earned portion of the unearned revenue is transferred to a _____ account.
When the product or service related to an unearned revenue is delivered, the earned portion of the unearned revenue is transferred to a revenue account.
What is a revenue account?A revenue account can be described as the account that has credit balance, this usually encompass all the revenue receipts which is been regarded as the current receipts of the government.
It should be noted that the receipts include tax revenues as well as other revenues of the government, hence When the product or service related to an unearned revenue is delivered, the earned portion of the unearned revenue is transferred to a revenue account.
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The brokerage firm department that prepares and mails trade confirmations to customers is the? a margin department b purchase and sales department c reorganization department d order department
The brokerage firm department that prepares and mails trade confirmations to customers is the purchase and sales department.
The purchase and sales department is a brokerage firm department which prepares and mails trade confirmations to the customers. This margin department keeps a record of the securities positions, and as also the debit and credit balances which are in the customer accounts.
The reorganization department of a brokerage firm tends to handle the corporate reorganizations such as takeovers and tender offers. Whereas, the order department routes orders to the appropriate exchange.
Thus, a brokerage firm primarily acts as a middleman in connecting the buyers and sellers in order to facilitate a transaction.
Hence, option B is correct.
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Abburi Company's manufacturing overhead is 40% of its total conversion costs. It direct laboris $63,600 and if direct materials are $23,800,the manufacturing overhead is:_________
It direct labor is $63,600 and if direct materials are $23,800,the manufacturing overhead is:$25,440
What are conversion costs of production?
Conversion costs are costs of labor incurred and other related expenses incurred in a bid to transform raw materials to finished goods, the only conversion costs in this case is direct labor, which is $63,600, in other words, the Abburi Company's manufacturing overhead is 40% of direct labor costs
manufacturing overhead=40%*direct labor costs
direct labor costs=$63,600
manufacturing overhead=40%*$63,600
manufacturing overhead=$25,440
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Actual overhead costs may not be proportional to the actual amount of the allocation base used because ______.
Actual overhead costs may not be proportional to the actual amount of the allocation base used because of 2 Reasons aforementioned.
Many of the real overhead expenses are set.Spending on overhead may not be under control.In the world of business, a continuing cost of running a company is referred to as overhead or overhead charge. Unlike operating expenditures like as raw material and labour, overheads cannot easily be attributed to or associated with any one revenue unit.
Few of instances of overhead expenses.Rent Insurance.Office equipment.Travel.Advertisement costs.Legal and accounting costs.Wages and salaries.Utility chargesTo Learn more about Overhead Cost, Click the links.
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The field of economics that deals primarily with the factors that determine wage rates, employment, and unemployment is called?
Business Economics is the field of economics that deals primarily with the factors that determine wage rates, employment, and unemployment
It is a field of both business and economics that deals with both the micro and macro aspect of the economics with the mix of the management involved in it.
It involves both the wage rates and employment and unemployment issues with the business activities and the management at all levels to consider the policies and procedures to be implied in the organisation. It also decides the income and wage expansion accordingly.
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Which act prohibits external auditors from providing many forms of non-audit services and consulting work to public companies for which the auditor also provides a financial statement audit?
An act that prohibits external auditors from providing many forms of non-audit services and consulting work to public companies for which the auditor also provides a financial statement audit is the Sarbanes-Oxley Act of 2002. Thus the correct option is B.
What is a Financial statement?The financial statement of a business is referred to as a written document that is prepared by the business to evaluate the profit and loss of the organization and check its performance and understand its position in the market.
Federal legislation known as the Sarbanes-Oxley Act of 2002 formed extensive financial and auditing standards for public firms. As a consequence of this law, external auditors are not allowed to provide public firms with several types of non-audit services.
Therefore, option B is appropriate.
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The complete question is
Which act prohibits external auditors from providing many forms of non-audit services and consulting work to public companies for which the auditor also provides a financial statement audit?
The Securities Exchange Act of 1933
The Sarbanes-Oxley Act of 2002
The Securities Exchange Act of 1934
The Dodd-Frank Act of 2010
Suppose the economy is operating at point c. the opportunity cost of producing the fourth train would be?
Suppose the economy is operating at point c. the opportunity cost of producing the fourth train would be 80 tons of sugar.
Opportunity costs are the advantages a person, investor, or company forgoes when selecting one course of action over another. Despite the fact that opportunity cost is not reflected in financial reports, business leaders can utilize it to help them choose wisely when faced with a variety of possibilities.
The value of the next best choice passed up is the opportunity cost. In simpler terms, it is the expense of an alternative course of action.
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Which phase of the accounting process involves recognizing the effect of transactions on assets, liabilities, owner's equity, revenue, and expenses of a business?
Recognizing the effects of transactions on assets, liabilities, owner's equity, revenue, and expenses of a business is the processing function.
What is Accounting cycle ?Understanding the eight-step accounting cycle is crucial for all different types of bookkeepers. It breaks out the whole scope of a bookkeeper's responsibilities into eight major sections.
Technology-based tools and accounting software typically automate many of these activities.
On the other hand, for small business accountants working on the accounts with little technology help, knowledge of and use of the manual processes might be crucial.
A process called the accounting cycle is designed to assist business owners in keeping track of the financial accounting of their activities.
Typically, an accounting cycle has eight phases.
Business owners receive comprehensive financial performance reports at the end of the accounting cycle, allowing them to evaluate their company.
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A company's triple bottom line represents which aspects?
a. profit planet
b. people privacy
c. politics
d. production
A company's triple bottom line represents aspects profit planet, people privacy and production.
What is production?Several material and immaterial inputs are integrated during the production process to produce something that is intended for consumption. It involves creating an output, a good or service that has value and improves the utility of individuals.
Production, in a manufacturing process, is the process of changing raw materials or inputs into finished objects or products. In other words, it describes the process of building something from nothing. A good example of production is the creation of furniture. One instance of production is gathering corn for human consumption. An example of production is the amount of grain produced.
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If a 4 percent increase in the price of a good leads to a 1 percent decrease in the quantity demanded, the price elasticity of demand for the good equals ________.
The price elasticity of demand for the good is found to be 0.25.
Given here the price of goods changes by 4% and change in quantity demand by 1%
Price elasticity of demand can be calculated by the formula,
Price elasticity of demand = change in quantity demand / change in price of goods.
Price elasticity = ¼
=0.25
Thus the price elasticity of demand for the goods is found to be 0.25.
The price elasticity of demand measures how responsive a quantity’s demand is to a given price. For practically any good, quantity desired decreases as the price rises, however it decreases more for some goods than for others. Since the change in demand is essentially the same whether prices rise or fall, price inelasticity gives businesses more pricing flexibility.
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Microeconomics includes the study of a? a firm's pricing policies b inflation. c business cycles. d unemployment.
pricing practises of a company.
Business cycles, unemployment, and inflation are all a component of macroeconomics.
What does studying microeconomics entail?Microeconomics is a subfield of economics that examines how homes, people, and businesses behave within an economy. Macroeconomics, which examines the economy as a whole, is separate from microeconomics.
Microeconomics examines how people and businesses decide how to distribute their resources for consumption, exchange, and production. Macroeconomics is the study of economy-wide aggregates, whereas microeconomics focuses on pricing and output in individual markets as well as the interplay between different markets.
Scarcity, demand and supply costs and advantages and incentives are four fundamental economic ideas that may be used to explain a variety of human actions.
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If someone behaves the same way others do in a given situation we would probably make an external attribution about that person. this would be an example of making a decision based on?
If someone behaves the same way others do in a given situation we would probably make an external attribution about that person. this would be an example of decision-making based on Consensus Decision-Making Process.
These are cooperative decision-making processes in which members create and settle on a proposition with the point, or prerequisite, of acknowledgment by all.
The emphasis on laying out an understanding of the supermajority and keeping away from ineffective assessment separates agreement from unanimity, which requires all members to help a choice.
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As a result of relationship marketing, customers experience specific relational benefits. these include?
As a result of relationship marketing, customers experience specific relational benefits such as :
1)It may improve how you interact with customers.
2)It becomes simpler to produce more recommendations to qualified leads when two-way contact is established for helpful client feedback.
3)You'll have a deeper comprehension of what your clients need.
4)You'll find it helpful in developing new business (and product/service) ideas.
5)It helps your company stand out from rivals.
6)You can encourage loyalty.
7)Ultimately, cross-selling and upselling can increase your revenue.
Relationship Marketing: Relationship marketing refers to techniques used by businesses to create enduring bonds with their clients. You want to build a loyal consumer base rather than concentrating on one-time sales.
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A firm has total debt of $1,360 and a debt-equity ratio of .21. what is the value of the total assets?
A firm has total debt of $1,360 and a debt-equity ratio of .21. the value of the total assets is
Total debt/total equity = debt/equity ratio (multiply times total equity and divide by debt/equity ratio)
Total equity = total debt / (debt/equity ratio)
Total assets = total debt + total equity
Total equity = $1,310 / .25 = $5,240
Total assets = $1,310 + $5,240= $6,550
In financial accounting, an asset is a resource owned or controlled by a company or entity. It is anything that can be used to create positive economic value. An asset represents the value of an asset that can be converted into cash. Assets are reported on the company's balance sheet. They are classified as short-term, fixed, financial, and intangible. They are purchased or created to add value to the company or to benefit the company's operations. Assets can be thought of as anything that can generate cash flow, reduce expenses, or increase sales in the future, whether it's manufacturing equipment or patents.
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5. individual problems 9-5 describe the difference in economic profit between a competitive firm and a monopolist in both the short and long run. which should take longer to reach the long-run equilibrium? in the short run, both monopolists and competitive firms earn positive economic profits. in the long run, can earn a positive economic profit. true or false: the adjustment to long-run equilibrium takes the same amount of time for monopolies and competitive industries. true false
False, In the short run, both monopolists and competitive firms earn positive economic profits.
In the long term, profits and losses are eliminated because an infinite number of firms are producing infinitely divisible, homogeneous products. Firms experience no barriers to entry monopolists and every one consumer has perfect information. Equilibrium in perfect competition is that the point where market demands are going to be adequate market supply.
A firm's price is going to be determined now. Within the short run, equilibrium is going to be full of demand. within the future, both demand and supply of a product will affect the monopolists equilibrium in perfect competition. The long-run supply curve in an industry during which expansion doesn't change input prices (a constant-cost industry) could be a horizontal line.
The long-run supply curve for an industry within which production costs increase as output monopolists rises (an increasing-cost industry) is upward sloping. The existence of high barriers to entry prevents firms from entering the market even within the long‐run.
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One part of a marketing plan should identify what to do if things go wrong. this section is called ________ planning.
A marketing strategy should include a section that details what to do in case of emergency. this section is called contingency planning.
What is contingency planning?
A contingency plan, sometimes known as Plan B informally, is a strategy developed to deal with a situation that is not anticipated in the regular (expected) plan. It is widely used in risk management when there is a rare risk that, while unlikely, has the potential to be terrible.
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A tire with lower than specified inflation pressure could lead to what condition?
A tire with lower than specified inflation pressure could lead to reduced tire life and fuel economy so D. All of the above.
What can a lower than specified inflation pressure lead to?When a tire is not inflated to the pressure that it is meant to be inflated to, it can lead to reduced tire life because the tire would not adequately handle to weight of the car.
Fuel economy would then reduce as the tires demand more energy to compensate and this can increase the chances of tire faults and other faults that can lead to accidents.
Options include:
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General-purpose financial statements are the product of:____.
a. financial accounting.
b. managerial accounting.
c. both financial and managerial accounting.
d. neither financial nor managerial accounting.
General-purpose financial statements are the product of: both financial and managerial accounting.
What is the definition of general purpose financial statements?The general definition of financial statements is to provide information about the effects of operations, financial position, and cash flows of an organization. This information is employed by the readers of financial statements to make judgments regarding the allocation of resources.
What are the three general objective financial statements?
The balance sheet, income statement, and cash flow information each offer unique pieces with information that is all connected. Together the three statements give a comprehensive portrait of the company's working activities.
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Which characteristics should a nurse focus on to become an effective transformational leader?
Effective communication is a critical component of successful transformational leadership in nursing.
Open, sincere communication is necessary for personnel to understand their responsibilities and the objectives they are working toward. A nurse leader's commitment to others, including the staff, families, and patients, demonstrates to others that she or he is not only in a leadership position for personal gain but also for the benefit of those being led.
These leaders empower people to share a common vision and objective for the organization rather than using their position of authority to enforce change.
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A well-conceived and communicated strategic vision ordinarily does not result in?
Typically, stakeholders do not complain that the company is directionless after hearing a well-developed and expressed strategic vision.
What Is Vision, Exactly? And why is it so crucial for a leader to convey their vision?The organization's desired achievement or future state is described by its vision. To motivate, define, and focus the effort, a vision must be communicated in order to fulfill its purpose.
One of your responsibilities as a leader is to inspire dedication to your organization's goal, as stated in our handbook Communicating Your Vision. You must convey the vision in a way that matters to people in order to accomplish this. You want the organization's members to embrace the vision and spread it to others.
The organization's vision needs to be communicated by the leaders in several different methods.
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Personal property are and are held either to consume and use or to generate a return or income as an investment. an example of personal property is:_______
Personal property is and is held either to consume and use or to generate a return or income as an investment. an example of personal property is possessions
This is further explained below.
What is personal property?Generally, A person's personal property includes all of their possessions, with the exception of real estate.
This includes any and all of your moveable possessions, such as clothes, jewelry, any and all of your household goods and furniture, and anything else that is not permanently tied to a stationary place, such as your home. This also includes any and all other material commodities.
In conclusion, Personal property is either owned for the purpose of consuming and using it, or for the purpose of making a return on the investment in the form of income.
Examples of personal property include things like furniture and art.
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The financial model that measures the time it will take to recover the project investment is the __________ model.
It is the Payback Model that measures the time taken to recover project investment.
What is the Payback Period?The payback period is a word used to describe the length of time needed to recoup an investment's cost. It is, in essence, the period of time it takes for an investment to break even. The payback period is crucial since individuals and businesses primarily invest money in order to be reimbursed. Fundamentally, investment becomes more appealing the faster its payback period is. By dividing the initial investment by the typical cash flows, it is possible to calculate the payback period, which is helpful for everyone.
Investors, financial experts, and businesses frequently utilize the payback period as a way to estimate investment returns. It aids in calculating how long it takes for an investment's initial costs to be recouped. Before making any judgments, this statistic is helpful, especially when a quick assessment of a potential investment initiative is required.
payback period formula:
Cost of Investment x Average Annual Cash Flow = Payback Period
payback period = Cost of Investment ÷ Average Annual CashFlow
Thus, the financial model that measures the time it will take to recover the project investment is the payback Model.
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When the savings and loan industry collapsed in the 1980s, all of the big accounting firms, except for arthur andersen, experienced heavy losses because of?
When the savings and loan industry collapsed in the 1980s, all of the big accounting firms, except for Arthur Andersen, experienced heavy losses because of their liability for audit work on the collapsed financial institutions.
What caused the industry collapse in the 1980s?The early 1980s recession was responsible for the collapse of most industries in the 1980s. The recession was a serious economic recession that affected the world in the early 1980 and early 1983, and it was the most severe recession since World War II.
The main factor that lead to the recession was the 1979 energy crisis which was caused by the Iranian Revolution which caused a disruption to the global oil supply and saw oil prices rising sharply in 1979 and early 1980. This rise in oil prices pushed up the rates of inflation in several to new double-digit highs and caused economy problems.
However, during the period when the savings and loan industry collapsed in the 1980s, all of the big accounting firms, except for Arthur Andersen, experienced heavy losses because of their liability for audit work on the collapsed financial institutions.
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The main objective of value chain analysis is to identify stages of the value chain where the firm can:__________
A value chain is a methodical corporate strategy for taking a good or service from conception to completion.
A value chain is what?
A value chain is a business strategy that lists every step taken in the creation of a good or service. The procedures that take a product from conception to distribution, as well as everything that occurs in between, such as acquiring raw materials, carrying out manufacturing duties, and engaging in marketing activities, are all included in a value chain for organizations that create things.
A firm analyzes its value chain by analyzing the specific processes involved in each stage of its operations. A value-chain analysis' goal is to boost production efficiency so that a business can provide the most value for the least amount of money.
Value chains assist businesses in being more efficient so they can provide the most value for the least amount of money.
A value chain's ultimate objective is to give a business a competitive edge by boosting productivity and controlling costs.
The five major activities and four supporting activities of a corporation are examined under the value-chain theory.
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In the ______ step of the stakeholder impact analysis, the firm identifies the opportunities and threats that stakeholders present to the firm.
In the third step of the stakeholder impact analysis, the firm identifies the opportunities and threats that stakeholders present to the firm.
Stakeholder impact analysis is done by the use of the analytical tools and techniques in order to quantify and analyze the effect of the business decisions on the stakeholders of a firm.
So in this analysis is considered to be a key task for the management of a company. It is also used in order to formulate business strategy and make distribution, production, and final sales-related decisions.
Hence, there are five steps to complete a stakeholder impact analysis, among which the third step is identifying how best to engage stakeholders.
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A study of hundreds of companies in north america found that up to about one-half of employees experience incivility at work on a weekly basis. True or false
A study of hundreds of companies in north America found that up to about one-half of employees experience incivility at work on a weekly basis is a True Statement.
What is incivility behavior?The term incivility in the Workplace is known to be a term that is defined as a kind of “little intensity” behavior that can be shown through a lot of actions such as little mild character shown but often rude, discourteous or a kind of impolite behavior.
Therefore, A study of hundreds of companies in north America found that up to about one-half of employees experience incivility at work on a weekly basis is a True Statement.
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The failure to properly record an adjusting entry to accrue a revenue item will result in an.
The failure to properly record an adjusting entry to accrue a revenue item will result in an understatement of revenues and an understatement of assets.
Revenues is the overall amount of profits generated with the aid of the use of manner of the sale of goods and services associated with the number one operations of the monetary corporation. Business profits can also be known as earnings or as turnover. A few companies receive sales from interest, royalties, or excellent charges.
The crucial income definition is the general amount of cash delivered in with the useful aid of a commercial enterprise agency's operations, measured over a fixed quantity of time.
An organization's revenue is its gross profits earlier than subtracting any expenses. Earnings and normal earnings outline earnings—it's far the monetary gain through profits and/or offerings rendered.
Revenue, in economics, the earnings that a company receives from the sale of an amazing or service to its clients.
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