Answer:
important difference between accounting and other business functions, such as marketing and management, is that
the recording, classifying summarizing and interpreting of financial events and transactions to provide management and other interested parties the information they need to make good decisions
Although accounting has several specific uses, the overall purpose of accounting can be summarized as
a major purpose of accounting is to help managers make well informed decisions. another is to report financial information about the firm to interested stakeholders, such as employees owners, creditors, suppliers, unions, community activists, investors and the goverment (for tax purposes)
Managers examine the date prepared by accountants and then make recommendations to top management regarding strategy.
What is Top level management?Top level management refers to the strategic level which includes the board of the directors, managing directors and Chief executive officers.
Managers review the data generated by accountants and then offer to upper management various ways for the company's improvement.
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Demand for bikes has suddenly increased, and the
market price has risen from $50 to $60.
In three to five sentences, explain how this change will
affect profits.
When the demand for bikes has considerably increased with a rise in price by $10, then the profit also increases by $10 on every bike sold.
What is meant by profit?Profit is an incentive earned by a company by selling its products at a price higher than the original cost.
From the provided situation, it has been analyzed that there is a direct relationship between price and demand, which means an increase in demand leads to a rise in prices also. This will ultimately raise the profits of a company in respect of goods sold.
Therefore, the profits are also raised by $10 in a similar way as the rise in price by $10 due to an increase in demand for bikes.
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Answer:
Sample response: If the market price of bikes rises from $50 to $60, then the company will want to produce a larger quantity of bikes. This is because the overall marginal revenue is now higher and will be maximized differently. Before profit was maximized at six bikes, now the profit will be maximized by producing more bikes, perhaps seven.
Explanation:
A bond, which pays $80 in annual coupon, and has a face value of $1,000. What is its yield to maturity if the bond has 20 years remaining until maturity and currently selling for $1,200?
The yield to maturity of the bond, which pays $80 in annual coupon with a face value of $1,000 and currently sells for $1,200 with 20 years remaining until maturity is 6.22%.
What is yield to maturity?The yield to maturity shows the percentage rate of return for a bond when the investor holds the asset until its maturity date.
The yield to maturity can be computed using an online finance calculator as follows:
Data and Calculations:Face value = $1,000
Bond price = $1,200
Annual coupon rate = 8% ($80/$1,000 x 100)
Years to maturity = 20 year(s)
Result:
Yield to maturity (YTM) = 6.22%
Thus, the yield to maturity of the bond, which pays $80 in annual coupon with a face value of $1,000 and currently sells for $1,200 with 20 years remaining until maturity is 6.22%.
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Geraldo, a construction worker, tends to buy a new gadget if most of his friends have them and only after they've teased him about not having the gadget yet. He relies on reviews from his friends rather than on television or newspaper advertisements to make his purchase decisions. It can be inferred that when it comes to the diffusion of innovation Geraldo belongs to the group of _____.
It is inferred that Geraldo belongs to the group of late majority as he mostly relies on reviews from his friends rather than advertisements to make his purchase decisions.
What is a late majority group?In marketing, these people forms the 34% of the population and they always adopt a new product only after the majority does.
Hence, as Geraldo mostly relies on reviews from his friends rather than advertisements to make his purchase decisions, he belongs to the group of the late majority.
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Max owns a townhouse in Sacramento. He is in the process of leasing it to Hannah. The contractual lease states Hannah Scott will be leasing Max Thomas' townhouse for two years beginning July 1. She will be paying $1,000 per month due by the first of each month. The lease clearly states Max will be the landlord of the townhouse and Hannah the tenant. Is there a minimum requirement for a California lease missing
The minimum requirement for a California lease that is missing in the contractual lease between Max and Hannah Scott is the absence of a sufficient description of the property.
What are the minimum requirements for a California lease?A California lease requires a sufficient description of the property, for example, an address, which gives it a legal description.
Other requirements for a California lease include:
Rental amountDuration of the rental periodPayment due datesDeposits or feesCondition of the property at the beginning of the leaseMaintenance expectations.Question Completion with Answer Options:a. No, the lease has met all of the minimum lease requirements of the state of California.
b. Yes, the missing minimum requirement is the absence of the issue of a security deposit.
c. Yes, the missing minimum requirement is the absence of any assignment and subleasing options.
d. Yes, the missing minimum requirement is the absence of a sufficient description of the property, such as an address and/or a legal description.
Thus, the minimum requirement for a California lease that is missing in the contractual lease between Max and Hannah Scott is the absence of a sufficient description of the property.
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Otool Incorporated is considering using stocks of an old raw material in a special project. The special project would require all 160 kilograms of the raw material that are in stock and that originally cost the company $1,936 in total. If the company were to buy new supplies of this raw material on the open market, it would cost $8 per kilogram. However, the company has no other use for this raw material and would sell it at the discounted price of $6.95 per kilogram if it were not used in the special project. The sale of the raw material would involve delivery to the purchaser at a total cost of $83 for all 160 kilograms. What is the relevant cost of the 160 kilograms of the raw material when deciding whether to proceed with the special project
The relevant cost of the 160 kilograms of the raw material when deciding whether to proceed with the special project is $1,029.
Relevant costUsing this formula
Relevant cost=(Numbers of kilogram of raw material × Discounted price per kilogram)- Delivery cost
Let plug in the formula
Relevant cost=( 160 kilograms× $6.95 per kilogram) -$83
Relevant cost=$1,112-$83
Relevant cost=$1,029
Therefore the relevant cost of the 160 kilograms of the raw material when deciding whether to proceed with the special project is $1,029.
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Ken loves to design things and put them together. He helped his dad build a
dog shed from scratch. Which of these marketing career paths would be best
for Ken?
OA. Product designer
OB. Web designer
O C. Market research analyst
OD. Public relations specialist
Answer:
OA. Product designer
Explanation:
He has the skill to build a project.so he can develop his skills and design products.
Answer:
product designer
Explanation:
bc i said so
When will the Social Security fund dry up at Its current level?
• A.
2022
© B.
2027
• C
2037
© D. 2097
© E. 2117
Answer:
c. 2037
Explanation:
As a result of changes to Social Security enacted in 1983, benefits are now expected to be payable in full on a timely basis until 2037, when the trust fund reserves are projected to become exhausted.
to maximize audience attention to still images in an ad campaign, which strategy should you use?
The strategy to be used in order to maximize audience attention to still images in an ad campaign is to Create a slideshow of the images.
What is an Ad Campaign?This refers to the action that an advert manager or company takes in order to market a product or service to a group of people.
Hence, we can see that based on the fact that the advert in question has to do with still images, to increase the attention of the audience, the best strategy would be to create a slideshow of the images.
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The practice of mailing advertisements only to the most likely prospects is called:.
Targeted Direct Mail is the Answer:
Explanation:
You are feeling somewhat conflicted. As the manager of a sub sandwich and soup shop, you know the employees hate to be micromanaged and you want to empower them. At the same time, however, you want to ensure consistency in the products they serve, such as portion size and ingredient freshness, and you know from experience how easy it is to get off track. How can you accommodate these needs
You can accommodate these needs by training the employees well and conducting periodic checks of the food preparation area, employees, and orders.
Who are the employees?An employee is someone who has been hired by a company to do a certain activity. The employee is hired by the company after being chosen as an employee through an application and interview process. The candidate is chosen once the company determines that they are the most qualified candidate for the post in question.Who is an employer?The term "employer" refers to a person or a corporate entity that employs and compensates workers in the public, private, nonprofit, or business sectors. Employers, as the authority inside an organization, set the working conditions for employees and provide the agreed-upon terms, such as remuneration.Therefore, You can accommodate these needs by training the employees well and conducting periodic checks of the food preparation area, employees, and orders.
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Assume that real gdp has been declining and the unemployment rate has been edging upward. What might the congress and the president do about this problem?
If Real GDP has been declining and unemployment is rising, the President and Congress might lower taxes and increase government spending.
How can the government combat a fall in Real GDP?A fall in Real GDP means that the economy is no longer producing as much as it used to.
To reverse this, the government can embark on an expansionary fiscal policy where taxes are reduced and spending is increased. This in theory, would spur more production.
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for a monopolist: a. price equals average total cost. b. price is above marginal revenue. c. marginal revenue equals zero. d. marginal cost equals zero. e. average total cost equals marginal cost.
For a monopolist, price is above marginal revenue.
What is monopolist market?A monopolist market is a market with managed alone.
The price of commodity should be greater than marginal revenue this is because until marginal revenue and cost are balance the business cannot expand.
But a high price above the revenue will equal to profit.
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For a monopolist seller, price is above marginal revenue.
What is marginal revenue?This can be defined as the difference between the amount of revenue generated as a result of additional unit of variable factors of production.
Factors of production are grouped as follows;
Fixed factors:Land and Machineries.
Variable factors of production: Labor and Capital.
Therefore, price is usually higher than marginal revenue for a monopolist.
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Which factor would credit card companies most likely use to determine a applicant's creditworthiness?
A. Political ideology
B. Number of children
C. Occupation and salary
D. Race and ethnicity
A factor that is used to determine an applicant's creditworthiness is occupation and salary.
What determines an applicant's creditworthiness?An applicant's creditworthiness is the measure of the ability to be able to repay a debt. The creditworthiness is determined by occupation and salary and faithfulness with repaying previous debts. A credit score is usually used to indicate credit worthiness.
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Within a ________________________ economy, we often see both producers and consumers responding to the incentive of price changes.
Within a market economy, we often see both producers and consumers responding to the incentive of price changes. Read below about market economy.
What is a market economy?A market economy is an economic system in which the decisions regarding investment, production and distribution to the consumers are guided by the price signals created by the forces of supply and demand.
Therefore, the correct answer is market economy.
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The professional organization that promotes the advanced of the management accounting profession is:.
The professional organization that promotes the advanced of the management accounting profession in the United States is the Certified Management Accountants Institute.
In some other countries like Britain and Canada, it is called Chartered Institute of Management Accountants.
if owen refused to testify on the premise that the information he would divulge would self-incriminate him, he can legally do so under the first amendment. true false
Owns can legally do so under the first amendment. Therefore, it's true.
What is first amendment?It should be noted that first amendment states that the Congress makes no law representing and establishment of religion.
In this case, if Owen refused to testify on the premise that the information he would divulge would self-incriminate him, he can legally do so under the first amendment.
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which product was used to show the income effect, substitution effect, and diminishing marginal utility?
In this context, the "Pizza" was the product that is used to show the income effect, substitution effect, and diminishing marginal utility.
What is stated by Income effect?The effect gives that Increase in price = Decrease in income = Decrease in quantity demanded
What is stated by Substitution effect?The effect gives that Increase in price = Replace product with cheaper alternative = Decrease in quantity demanded
What is stated by Diminishing marginal utility?The effect gives that Increase in consumption of a good = Decrease in satisfaction = Decrease in quantity demanded
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The purpose of the gross method of accounting for sales discounts is to a.avoid recording a subsequent adjusting entry. b.record the largest amount of sales to show robust revenues. c.assume the customer will not take the discount. d.abide by the GAAP requirements to record sales in the amount most likely to be received.
The main purpose of the gross method of accounting for sales discounts is to abide by the GAAP requirements to record sales in the amount most likely to be received.
What are GAAP requirements?Also called the Generally Accepted Accounting Principles requirements, it refers to the collection of accounting rules and standards for financial reporting.
Hence, the gross method of accounting for sales discounts are used because its abide by the GAAP requirements to record sales in the amount most likely to be received.
Therefore, the Option D is correct.
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When they first started to conduct business, international ride-sharing companies such as Uber or Lyft relied on new, unfamiliar concepts to develop breakthrough decisions. Drivers use their own cars to transport customers who call or text for a reservation using a credit or debit card. According to the innovation matrix, ride sharing is considered a(n) _______. a. adjacent innovation b. core innovation c. product development strategy d. transformational innovation
Ride sharing is transformational innovation, according to the innovation matrix.
Uber and Lyft use transformational innovation
Transformational innovation includes making discoveries and creating products for the market. Companies like Uber use credit and debit cards for reservations, a novel tactic. Such ideas were virtually unknown to markets in many nations. In some markets, it gave businesses like Uber a competitive edge.To learn more about transformational innovation, refer to-
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Spock Enterprises has a market value of $100 million in debt outstanding. They also have a market value of equity of $400 million. Shareholders require a 12% return on their shares and creditors require a 7% before-tax return on their investment. The weighted average return required by investors in Spock Enterprises is Blank______%.
The weighted average return required by investors in Spock Enterprises is Blank 0.11%. The answer is 0.11%. Read below about weighted average return.
How does one calculate weighted average return?One calculate a weighted average by multiplying its relative proportion or percentage by its value in sequence and adding those sums together. Consequently, supposing a portfolio has 65% stocks, 50% bonds, and 10% cash, those weights would be multiplied by their annual performance to get a weighted average return.
Therefore, (0.2x0.07) + (0.8x0.12) = 0.11 and as a result the answer is 0.11%
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Wealth is redistributed from creditors to debtors when inflation is a. unexpectedly low. b. unexpectedly high. c. low, whether it is expected or not. d. high, whether it is expected or not.
Wealth is redistributed from creditors to debtors when inflation is unexpectedly high.
What is inflation?Inflation is when there is a persistent rise in the general price levels of goods and services. When inflation is unexpectedly high, the inflation is not priced into the amount of interest that a creditor expects from a debtor. This leads to wealth been redistributed from creditors to debtors.
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Spice Inc.'s unit selling price is $45, the unit variable costs are $30, fixed costs are $113,000, and current sales are 9,900 units. How much will operating income change if sales increase by 5,900 units
The Increase in operating income is $159500.
How to calculate the income?Proposed
Unit sales = 9900 + 5900 = 15800
Sales = 15800 × 45 = 711000
Variable expenses = 15800 × 30 = 474000
Contribution margin = 711000 - 474000 = 237000
Fixed cost = 113000
Operating income = 124000
Current
Unit sales = 9900 l
Sales = 9900 × 45 = 445500
Variable expenses = 9900 × 30 = 297000
Contribution margin = 445500 - 297000 = 148500
Fixed cost = 113000
Operating income = 35500
Increase in operating income:
= 35500 + 124000
= 159500
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How is compound interest different from simple interest?
Answer: How is compound interest different from simple interest?
Explanation: Simple interest is interest payment is calculated on only the principal amount; whereas compound interest is interest calculated on both the principal amount and all the previously accumulated interest.
You welcome
A marketing manager with a fixed budget wants to drive as many customers as possible to their website. Which bidding strategy can meet the marketing manager's needs?
The bidding strategy that the marketing manager should use to drive customers to the website is a Maximize Clicks.
What does a Maximize Clicks strategy entail?This is a bidding strategy where the tools used will automatically set up bids that will aim to bring in as many customers as it can to the website.
The budget of the company will be a parameter of the strategy such that it would bring in customers depending on the budget it is working with.
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why should social media managers begin the budgeting process for their social marketing program well before final budget numbers are settled?
Social media managers ought to begin the budgeting process for their social marketing program well before final budget numbers are settled because: they must collect all relevant data to enable them make a plausible case for how the numbers will be expended and the return or marketing investment.
Who is a social media manager?
A social media manager is a person who manages an aspect of marketing for a company that is related to the use of social media to reach the target audience.
It is crucial to note that budgeting is a very crucial aspect of social media marketing.
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Marla sells grapes in a perfectly competitive market. The market price for 1 ton of grapes is $1,000. Marla has 5 tons of grapes to sell. If her total variable cost is $4,600 and her total fixed cost is $400, then Marla is making a normal profit. False True
Based on Maria's variable and fixed costs as well as the market price for grapes, then Maria is making a normal profit so this is TRUE.
What is Marla's profit?This can be found as:
= (Tons of grapes to sell x Market price) - variable cost - fixed cost
Solving gives:
= (5 x 1,000) - 4,600 - 400
= $0
This is a normal profit because normal profits are defined as earning $0 net profit or breaking even.
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The changes in the american business system that have had the most dramatic impact on the workings of the free enterprise system are the changes in:
The changes in the american business system that have had the most dramatic impact on the workings of the free enterprise system are the changes in labour force.
What is Labour force?Labour force are people that helped in managing a business.
They include workers and staffs of organization and without them no work can be done.
Change of labour force can have a great impact on an enterprise.
Therefore, The changes in the american business system that have had the most dramatic impact on the workings of the free enterprise system are the changes in labour force.
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The united states is a ______________ economy, with nearly all of the characteristics of a ____________________ economy.
When an employer's contribution is used to buy stock in the company for its employees, it has a: A) 401(k) plan. B) Money-purchase plan. C) Profit-sharing plan. D) Salary-reduction plan. E) Stock bonus plan.
When an employer's contribution is used to buy stock in the company for its employees, it has a 401(K) plan. Thus option (A) is correct.
What is 401(K) plan?It is an retirement provided to all the employees by the employers which is also an investment plan. Employees receive a tax credit on their contributions to a 401(k) plan.
Automatic contributions are taken out of employees' paychecks and invested in funds of their choosing.
A 401(K) plan exists when an employer's contribution is utilized to purchase company stock for its employees. As a result, choice (A) is right.
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The title to an automobile or the deed to a cattle ranch assures a buyer that the seller is the legitimate owner of that property. This is an example of property rights _________.
The above is an example of property rights facilitating exchange.
What is property right?This refers to the legal right to own a property whether or not they are tangible or intangible.
Property rights enables one to do the following:
A person has the authority to own a property.The property can be used within the law as he deemed fit.Receive any income that the property generates.Hence, the above is an example of property rights facilitating exchange.
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