When a cashier is deciding how many hours to work, the marginal benefit she should consider is her hourly pay and the marginal cost she should consider is the value of one hour of leisure time.
Marginal Benefit
A marginal benefit is the most a consumer will pay for an additional good or service. It is also the additional satisfaction or usefulness that a buyer obtains while purchasing an additional good or service. As a consumer's consumption of a commodity or service increases, the marginal benefit decreases. The marginal benefit for producers is also known as marginal revenue in the business world. Utility in economics refers to the pleasure or advantage obtained from using a thing. A good or service's marginal utility quantifies how much consumers enjoy or are satisfied after increasing or decreasing their use by one unit. Three different kinds of marginal utility exist.
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Because many countries are investing in countries other than their own, each country is becoming more autonomous and independent. true false
That claim is false. Each country is NOT becoming more autonomous and independent if it is investing in other countries than their own. That should go without saying, I believe.
It should be fairly self-explanatory and obvious that a nation that refuses to invest on its own country is not autonomous or independent.
How can you be self-reliant and self-sufficient in the face of your own sovereign if you don't believe in your own resources and potential?
It is good to have domestic consumers who demand more from businesses and often push those national industries ahead of those in other nations where consumers are less demanding and lack interest.
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The underlying conditions that create demand by users for reliable information include?
Transactions that are numerous and complicated, users who are separated from accounting records by distance and time.
Financial judgments that are significant to users and investors, and time-sensitive decisions are some of the underlying factors that drive demand by users for trustworthy information.
An agreement that has been fulfilled between a buyer and a seller to trade goods, services, or financial assets in exchange for cash is referred to as a transaction. In corporate accounting, the phrase is also frequently used. This simple definition can be difficult to apply in business bookkeeping. Depending on whether a corporation employs accrual accounting or cash accounting, a transaction may be recorded by it sooner or later.
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When a company is the first to market with a competitive advantage, this is called a first-mover advantage. all of the following companies were first-movers except ________.
With the exception of Microsoft's Bing search engine, all of the following businesses were pioneers.
How Does First-Mover Advantage Work?
Simply put, a first-mover advantage is a company's capacity to outperform its rivals as a result of being the first to market in a new product area. We believe it is important to distinguish between long-lasting first-mover advantages and those that are fleeting. Long-lasting first-mover advantages increase a firm's market share or profitability over time. Although no advantage lasts forever, businesses who are successful in establishing long-lasting first-mover advantages frequently dominate their product categories from a market's infancy to its mature stage for many years. Both the importance and endurance of early success are well demonstrated by Coca-Cola in soft drinks and Hoover in vacuum cleaners.
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The decision to go to graduate school is a rational one for a college student if the?
The decision to go to graduate school is a rational one for a college student if the marginal benefit of graduate school exceeds the marginal cost.
What is marginal cost?
The additional costs spent by manufacturing more units of an item or service are known as marginal costs. Marginal-cost pricing, in economics, is the practise of setting the price of a product to equal the additional cost of producing an additional unit of output. It is calculated by taking the total change in the cost of producing more goods and dividing that by the change in the number of goods produced. This policy limits the producer's ability to charge for each unit of a product sold to the addition to total cost attributable to materials and direct labour.
Therefore,
The decision to go to graduate school is a rational one for a college student if the marginal benefit of graduate school exceeds the marginal cost.
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Suppose there is an increase in the price of wood. We would expect the supply curve for pencils to.
Answer:
The supply curve (S0) for pencils shifts to the left since the price of wood increases, the price of graphite increases, and the price of rubber increases this will cause a leftward shift in the supply curve for pencils
Explanation:
The material wealth of a society is a function of? all financial assets. all real assets. all financial and real assets. all physical assets.
All real assets have an impact on a society's material wealth.
Describe a real asset.
Real assets are tangible possessions with inherent value derived from their composition and characteristics. Precious metals, commodities, real estate, land, machinery, and natural resources are examples of real assets. Because they have a relatively low correlation with financial assets like equities and bonds, they are ideal for inclusion in the majority of diversified portfolios.
Real, financial, or intangible assets are the three types of assets. To a business or person, all assets can be said to have economic value. An item is regarded as an asset if its worth can be converted into cash.
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Explain why debt and credit are a bad idea. How could they negatively affect your life?.
Credit card debt is considered "awful" debt because of its high interest costs and occasional minimum payments, and the reality that it is not used to shop for appreciating property. Use your credit score cards for the rewards and other benefits, but pay the stability in full every month.
Debt can cause anxiety and depression, which could growth headaches, affect sleeping patterns and effect someone's capability to cognizance. This sort of physical stress on the frame can result in greater frequent colds and infections and affect someone's capability to visit work which further complements economic struggles. A bad credit records can have wider-ranging outcomes than you might assume. no longer simplest will a spotty credit document result in better interest fees and fewer mortgage options; it can additionally make it harder to discover housing and collect certain services. In some instances it can matter in opposition to you in a activity hunt. the primary disadvantage of debt financing is that interest must be paid to lenders, which means that the amount paid will exceed the quantity borrowed. A state saddled with debt may have much less to invest in its very own future. growing debt way fewer monetary opportunities for americans. rising debt reduces commercial enterprise funding and slows monetary growth. It also will increase expectations of higher costs of inflation and erosion of confidence within the U.S. dollar.
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Which qualitative characteristic requires that financial information should not influence decision making to achieve a predetermined result?
Neutrality is qualitative characteristic requires that financial information should not influence decision making to achieve a predetermined result. The trait of neutrality is frequently referred to as objectivity or freedom from bias. When creating or implementing standards, the relevance and veracity of the information that arises should be the main consideration, not how the new norm may affect a certain interest or user (s).
Accounting facts and accounting procedures should be independently assessed and reported without any explicit bias toward any particular user or user group. It cannot be stated that accounting information reported favors one set of interests over another if there is no bias in the selection of that information. It is because that is what the data indicates.
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A manager who stresses that workers will be more productive if they are happy and are given the proper working conditions is operating under which organizational theory?
A manager who stresses that workers will be more productive if they are happy and are given the proper working conditions is operating under Modern Organizational Theory.
Modern Organizational Theory: There are various management development strategies included in contemporary theory, often known as modern organizational theory. This theory takes into account interpersonal connections among organization members as well as interactions between individuals within a given organization and its surroundings.
This method was developed by theorists using both quantitative and behavioral sciences and was based on systems analysis. This implies that professional leaders who adopt this idea may take into account the satisfaction and happiness of their employees while using statistical and analytical information to make business decisions.
A manager who stresses that workers will be more productive if they are happy and are given the proper working conditions is operating under Modern Organizational Theory.
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To help employ qualified veterans, ______ are required to post all job openings with a state employment agency.
To help employ qualified veterans, the federal contractors are required to post all job openings with a state employment agency.
Who are the federal contractors?They refers to any person who enters into a contract or are bidding on such a contract with an agency of the United States government and is expecting to be paid for the services, material, equipment, supplies, land or buildings with funds appropriated by Congress.
In conclusion, as on of their duties which is to help employ qualified veterans, the federal contractors are required to post all job openings with a state employment agency.
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Prepaid insurance is reported on the balance sheet as a:_______
a. long-term liability
b. current asset
c. current liability
d. fixed asset
Prepaid insurance is reported on the balance sheet as a current asset.
What are current assets?All assets possessed by the company that can be turned into cash within a year are recorded in the Current Assets account, which is a line item on the balance sheet under the Assets heading. Current assets are items whose value is shown in the Current Assets account.
Cash, cash equivalents, receivables, stock inventory, marketable securities, pre-paid liabilities, and other liquid assets are examples of current assets. Current Accounts are another name for current assets.
Current Asset Types
Numerous assets can be regarded as current by numerous businesses across all industries. These sub-accounts are typically how most sectors organize their current assets; however, you might see others:
1. Currency and its Equivalents
2. Trading Securities
3. Receivables Accounts
4. Inventory
5. Prepaid obligations and expenses
6. Alternative Quick-Term Investments
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Adjusting entries are recorded at the end of each accounting period so that net income is accurately reflected in the financial statements for the period.
true/ false
Adjusting entries are journal entries used in accounting and accounting to assign income and expenditure to the period in which they actually occurred. They are often made at the end of an accounting period.
This is a True Statement
What are the 5 adjusting entries?
Accrued revenues, accrued expenses, unearned revenues, prepaid expenses, and depreciationThese are the five categories that make up Adjustments entries.
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If the total utility from consuming eight units of a product is 123 and the marginal utility of a ninth unit is 3, then the total utility from consuming nine units would be:________
If the total utility from consuming eight units of a product is 123 and the marginal utility of a ninth unit is 3, then the total utility from consuming nine units would be 126.
What is marginal utility?
The additional pleasure a customer experiences from owning a unit additional unit of such an item or commodity is known as marginal utility.
Marginal utility = total utility difference / quantity of goods difference
Since there is no possibility that the borrower's usefulness might have decreased, 120 cannot be the answer.
One will obviously recognize that the marginal utility of the ninth unit is 3
Since, the consumer received a total utility of 123 from the first eight units of goods,
123+3 = 126 ought to be the result.
The total utility from consuming nine units would be 126.
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Revenue in the income statement for the year ended december 31, 2018 equals the ______.
Revenue in the income statement for the year ended December 31, 2018 equals the amount earned by selling goods or services to customers during 2018
This is further explained below.
What is Revenue?Generally, Revenue is the entire amount of money created by the sale of products and services relevant to the principal activities of the company. Revenue is the total amount of income generated by the sale of goods and services.
In conclusion, The line item known as revenue in the income statement for the fiscal year that concluded on December 31, 2018 represents the total amount of money made from the sale of products or services to consumers in 2018.
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A buyer is most likely to skip some stages of the purchase decision process when the buyer is purchasing ______.
A buyer is most likely to skip some stages of the purchase decision process when the buyer is purchasing products that are regularly bought.
What is purchase?A purchase is when a person makes a purchase or acquires possession of a product. A price must be paid in order to purchase an item.
A television, a mansion, an automobile, or even some detergent can be the purchased object.
If the person is buying a product on a daily basis or a person is buying a product that is cheap, then he or she would like please have a decision to keep the process of checking the quantity price or even the components and directly buy the product.
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A(n)_____is someone in an organization who decides to speak out against on-the-job activities that are contrary to the mission of the organization or threaten the public interest.
A(n) Whistle blower someone in a corporation who decides to speak out against on-the-job activities that are contrary to the mission of the organization or threaten the public interest.
What is organization?
An organization, may be a type of entity that consists of one or more people and has a specific function. samples of such entities include businesses, institutions, and associations.
The term springs from the Greek word organ on, which may refer to an instrument, a tool, or an organ.There are many various legal types of organizations, including corporations, governments, non-governmental organizations, political organizations, international organizations, soldiers , charities, not-for-profit corporations, partnerships, cooperatives, and academic institutions, among others.
A hybrid organization is one that performs public functions while also pursuing commercial market operations. It operates in both the general public and private sectors concurrently.
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The sale of shares not owned by the investor but borrowed through a broker and later purchased to replace the loan is called a:_____.
The sale of shares not owned by the investor but borrowed through a broker and later purchased to replace the loan is called a short sale.
What is a short sale?A short sale is when an investor sales a stock he does not own but has borrowed from a broker. At a later date, the investor then buys the stock to make a delivery on the sales.
A short sale is usually undertaken when the investor is bearish. This means that the investor expected price of the stock to fall in the future. Thus, the investor would short sell the stock at a higher price now and buy it at a lower price in the future.
For example, assume an investor short sells a stock for $100. Two weeks from now, the stock now has a value of $80. The investor buys the stock at $80. The profit earned by the investor is $20 ($100 - $80).
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Ll the costs appearing on the job cost sheets of the jobs that are being worked on are found in the ______ account.
Ll the costs appearing on the job cost sheets of the jobs that are being worked on are found in the work in process account.
Cost Sheet
A cost sheet is a declaration that lists all the different parts that make up a product's total cost and provides comparative historical data. You can determine the ideal selling price of a product using the cost sheet as a guide. You can use expected costs or past costs to build a cost sheet document.
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on october 1, the accounts receivable account balance was $41,900. during october, $364,500 was collected from customers on account. assuming that the october 31 balance was $48,200, determine the fees billed to customers on account during october.
If $364,500 was collected from customers on account. assuming that the october 31 balance was $48,200, the fees billed to customers on account during october is: $274,400.
First step is to calculate the amount collected
Amount collected=Amount collected on account- balance
Amount collected=$364,500-$48,200
Amount collected=$316,300
Second step is to calculate the fees billed
Fees billed=$316,300-$41,900
Fees billed=$274,400
Therefore if $364,500 was collected from customers on account. assuming that the october 31 balance was $48,200, the fees billed to customers on account during october is: $274,400.
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The _____ is the average time between purchasing inventory and receiving cash proceeds from its sale.
Answer:
Operating cycle
Explanation:
Which department is most likely to conflict with public relations over responding immediately to media requests for information during crises?
Marketing department is most likely to conflict with public relations over responding immediately to media requests for information during crises.
It acts as the public face of your firm by organising and creating the materials that reflect it. Reaching out to potential clients, consumers, investors, and/or the general public is the responsibility of the marketing department, which must also develop a unified brand image that favourably portrays your business.
Understanding your market and rivals, establishing your company's market positioning, pricing, and services, promoting the company to your target audience, and outlining how they might profit from collaborating with you are all steps in the marketing process.
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A person or an organization that helps another organization sell its goods and services to customers is called a(n) ______.
A person or an organization that helps another organization sell its goods and services to customers is called a(n) distributor.
What is services to customers ?
Customer service today is providing proactive and prompt assistance to clients whenever they need it via the channel of their choosing, including . Customer service is now seen by enterprises across industries as a strategic function due to how crucial it is.
Therefore
A person or an organization that helps another organization sell its goods and services to customers is called a(n) distributor.
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Business complaints about copyright protection and intellectual property rights in some countries illustrate how differences in ___ can impact international operations
Business complaints about copyright protection and intellectual property rights in some countries illustrate how differences in Legal Environments can impact international operations
Legal Environments
The study of the legal environment in business focuses on how the law affects all facets of business ownership and administration. Students concentrate on legal ethics, court processes, torts, contracts, consumer law, property law, employment law, environmental law, and international law during the whole semester.Why is the legal landscape significant to business?All businesses who are thinking about operating in a global market must be aware of the laws that are relevant to their operations in order to protect themselves from civil and criminal responsibility as well as to uphold their ethical standards.To Learn more about Legal Environments , Click the links.
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One of the most important ways for a firm to create and maintain ethical behavior in the workplace is for management to?
One of the most important ways for a firm to create and maintain ethical behavior in the workplace is for management to. The foundation of duty-based ethics is the notion that every business has obligations to others.
What is Ethical Behavior?
The application of moral principles in a particular situation is seen as an ethical activity. It is behaving morally within the bounds set out by the society in which we live. Both interpersonal and professional connections at work can exhibit ethical behaviour. Corporations as legal entities can also use the idea. It assesses how decisions are morally significant in each of the aforementioned scenarios. A civilization must have ethical behaviour in order to run well. People who act unethically typically lose the trust of others, and the law should punish them for their unethical behaviour.
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The presence of barriers to entry in industry y will generally make acquisitions _______ as an entry strategy. group of answer choices illegal more likely less likely cost prohibitive
The presence of obstacles to entry in a particular market will generally make acquisitions less likely as an entry system.
What are the main factors that drive mergers and acquisitions?Key factors that donate to the success of mergers, acquisitions, joint ventures, and strategic alliances are connected to interpersonal dynamics: trust, contact, commitment, and having managers that can work jointly as a team.
Motives for AcquisitionsAcquire undervalued companies.Diversify to lower risk.Build Operating or Financial Synergy.Take over poorly managed companies and change management.Managerial Self Interest.To learn more about Motives for Acquisitions visit the link
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The single method to use when calculating romi is to measure total sales revenue generated by marketing activities.
a. true
b. false
It is false that the single method to use when calculating romi is to measure total sales revenue generated by marketing activities.
What is Sales Revenue ?A company's sales revenue is the income it receives from the selling of goods or the provision of services. The phrases "sales" and "revenue" in accounting can and frequently are used interchangeably to signify the same thing.
It is vital to understand that revenue does not always imply cash received. A portion of sales revenue may be paid in cash, while another portion may be paid on credit via accounts receivable.
On the income statement, sales revenue can be shown as either gross revenue or net revenue. Net revenue includes all deductions for products returned, the potential of undelivered merchandise, and the expense for uncollectible accounts receivable (sometimes known as "bad debt expense").
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javier (25) will use the single filing status for 2021. his modified adjusted gross income is $25,000. during the year, he made a $2,000 contribution to his employer's 401(k) plan. he has never taken a distribution from any retirement plan. javier is not a student. the maximum amount he may receive for the retirement savings contributions credit (saver's credit) is:
Javier (25) will use the single filing status for 2021. his modified adjusted gross income is $25,000. during the year, he made a $2,000 contribution to his employer's 401(k) plan. he has never taken a distribution from any retirement plan. Javier is not a student. the maximum amount he may receive for the retirement savings contributions credit (saver's credit) is:
$1,000. The explanation is given below.
What is the calculation justifying the above answer?Going by the 2021 Saver's Credit Rate guideline provided by the Internal Revenue Service, the savers credit rate for Single whose Adjusted Gross Income (AGI) is between $21,501 and $33,000 is 10% of their contribution. [See attached Image]
Hence,
10% of Javier's Contribution will be:
10% x 2,000
= $200
It is to be noted that the The credit does not apply to rollover donations. In addition, any recent payouts from a retirement plan or IRA, or from an ABLE account, may diminish your qualifying contributions.
The highest creditable contribution is $2,000 ($4,000 if married filing jointly), making the maximum credit $1,000 ($2,000 if married filing jointly).
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A registration statemtn has been filed for an upcoming ipo, as an investment banking reprsesentative you could send the client?
As an investment banking agent, you might invite the client to a road show where the company's management would discuss business ideas and provide them the preliminary prospectus.
A Preliminary Prospectus is what?
A company files a preliminary prospectus, which is a first draft registration statement, before initiating an initial public offering (IPO) of its securities. The paper, which was submitted to the Securities and Exchange Commission (SEC), aims to enlighten potential shareholders on the operations, leadership, strategic plans, financials, and ownership structure of the company. The preliminary prospectus requests expressions of interest in the upcoming issue. The client may also receive an invitation to a road show along with the preliminary prospectus.
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The value of information is directly linked to how it helps decision makers achieve their organization’s _____.
The value of information is directly linked to how it helps decision makers achieve their organization’s Goals
What consists of computer tools to perform input processing and output movements?
The physical equipment and computing machines used for input, storage, processing, output, and telecommunications.
Computer software: The detailed, preprogrammed education that controls and coordinates the computer hardware elements.
What refers to data in any format that have been used for a previous operation in an information system?
Information refers to data that have been processed and organized in a form, which is appropriate for decision-making, The raw data processed following decision benefit of a decision-maker evolves information.
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The law of demand illustrates a(n) ____ relationship between price and ____.
a. direct; quantity demanded
b. inverse; quantity demanded
c. inverse; demand
d. direct; demand
The law of demand illustrates an Inverse relationship between price and Quantity demanded.
It has downward sloping and negative relation.
Increase in price will decrease the quantity demanded and vice versa
Option (a) is incorrect as there is inverse relationship not direct.
Option (c) is incorrect as there is relationship of price and quantity demanded not demand.
Option (d) is incorrect because there is no direct relation with the price and demand.
The law of demand illustrates an inverse relationship between price and the quantity demand.
Quantity demanded is defined as quantity demanded at particular price whereas demand refers to the different quantities at different prices that consumer is willing to buy
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Answer:
The correct answer is B
Explanation:
