Answer:
Explanation:
The Green Ride is an ecologically friendly bicycle product from Eco-Cycle. It is to be utilized at home to produce power for gadgets and family things in this way giving an inexhaustible wellspring of energy.
The milestone book " Diffusion of Innovations" by sociologist Everett Rogers in 1962 originally sorted the adopter types premise on specific attributes as recorded beneath:
1) Innovators: These arrangement of individuals receive new innovation or product as they are recently dispatched. This arrangement of individuals are prepared to face challenges and they are the boldest. For this situation, some corporates may get intrigued to evaluate the Green Ride alternative to perceive how it tends to be utilized to save cost on the force front.
2) Early Adopters: This arrangement of individuals make trends and need to see them on the ball, subsequently they will become the early adopters. For this situation, individuals who are lethargic towards open-air exercises will get their hands on this bicycle as it is locally (home) established and be the early adopter of this product.
3) Early Majority: These arrangements of individuals settle on choices dependent on utilities and the useful benefits of the product. For this situation, everyone who is worried about the use and benefits of Green Ride will get input from Early Adopters and can continue likewise.
4) Late Majority: This arrangement of individuals imparts a few qualities to the Early Majority set of individuals yet they are generally careful prior to submission. For this situation, youngsters may not get intrigued to utilize a bicycle which is kept to Indoors as it were.
5) Laggards: These arrangements of individuals are delayed to adjust to new innovation or product. They will in general embrace just when they are constrained. For this situation, the arrangement of individuals who are customary bicycle clients won't be prepared to acknowledge this new product except if compelled to do as such because of the limited development during circumstances such as the present.
T/F the scheduler establishes the order in which the operations within concurrent transactions are executed.
The scheduler establishes the order in which the operations within concurrent transactions are executed is true.
How Do Transactions Work?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.
A cash transaction is what?A cash transaction is when you pay for something with cash right away. A few days may pass before the trade settles, yet some market stock transactions are still regarded as cash transactions. Futures contracts are not thought of as cash transactions.
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TRUE/FALSE. when host-country regulations are less demanding than those in home countries, some firms sell products that may not meet home-country expectations in terms of quality or benefit.
This assertion is accurate. Some businesses sell products that might not live up to the standards of the home country in terms of benefit or quality when laws in the host country are less strict than those there.
What is considered to be ethical corporate conduct in certain countries may not be in others.A country's definition of ethical business conduct may not be the same as another's. Corruption, labor laws, human rights, environmental regulations, and multinational firms' moral responsibilities are the most pervasive ethical issues in a global economic framework.
In some cultures, what is unethical may be acceptable.Ethical relativism refers to the perspective that morality is reliant on cultural norms. To put it another way, an action is either good or evil depending on the moral norms of the society in which it is practiced. In one group, a certain action might be morally right, but it might be unethical.
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in kaluli society, men and women have a clear division of labor. women tend gardens, look after pigs, hunt, and gather, while men:
In Kaluli society, men and women have a clear division of labor. women tend gardens, look after pigs, hunt, and gather, while men use their networks of reciprocity to organize labor-intensive activities.
labor is any planned movement humans have interaction in to aid their very own needs, the ones of others, or the necessities of a bigger community. Work may be understood withinside the context of economics as human hobby that contributes to the commodities and offerings interior an economy.
Work is important to all communities, however it may range significantly inside and throughout them, from manually acquiring herbal sources to the usage of state-of-the-art era that cast off the want for lots humans to exert bodily or maybe intellectual effort. All however the handiest responsibilities additionally name for a selected set of abilities, sources, and tools.
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David Davis is reviewing a capital budgeting proposal from TA, Inc. TA is considering investing in a new machine. The details of the proposal are as follows: . O The machine costs $460,000 and installation costs $40,000. O The machine will be depreciated using the straight-line method to zero over a five-year life. O During the life of the machine, an inventory investment of $80,000 is required. O The machine is expected to generate additional revenues of $350,000 per year. O The machine is expected to reduce TA's cash operating expenses by $20,000 per year O After five years, the machine will be sold for $90,000. O TA is in the 35% tax bracket and its cost of capital is 12%. TA's net investment outlay is closest to: A. $500,000 B. $540,000 C. $580,000
B. TA's net investment outlay is closest to $540,000.
To arrive at the net investment outlay, we need to consider the initial costs of the machine and installation, as well as the expected cash operating expenses and the expected resale value of the machine.
The initial investment is $500,000 which is the sum of machine costs of $460,000 and installation costs of $40,000.
The cash operating expenses are $20,000 per year, for a total of $100,000 over the 5-year life of the machine ($20,000 x 5). The expected resale value is $90,000.
Therefore, the net investment outlay is
Net investment outlay=initial investment-5-year life of the machine+xpected resale value
$500,000 - $100,000 + $90,000 = $540,000.
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on march 15, viking office supply agrees to accept $1,200 in cash along with a $2,800, 60-day, 15 percent note from one of its customers to settle his $4,000 past-due account.
-$1,200 in credit cash -$2,800 in credit notes receivable -$4,000 in debit accounts receivable On March 15, Viking Office Supply agreed to take $1,200 in cash and a $2,800, 60-day payment plan.
Viking Direct, business as Viking, is a British office supplies mail order catalogue firm and a division of Office Depot Europe. Its headquarters are in Leicester, England. Viking, which was founded in Los Angeles, California in 1960, now operates in over eleven nations and employs 1,300 people in the United Kingdom. The company sells office products to small and medium-sized businesses via mail order. Viking started as a tiny office supply company in Los Angeles, California in 1960. Rolf Ostern started the business on January 7, 1960. Ostern complemented the retail operation with a catalogue, which would become the company's principal marketing tool.
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Journalize the following transactions using the direct write-off method of accounting for uncollectible receivables.
April 1Sold merchandise on account to Jim Dobbs, $9,600. The cost of goods sold is $6,400.
June 10Received payment for one-third of the receivable from Jim Dobbs and wrote off the remainder.
Oct. 11Reinstated the account of Jim Dobbs and received cash in full payment.
If an amount box does not require an entry, leave it blank.
April 1
April 1
June 10
Oct. 11
Oct. 11
The transactions sold merchandise on account to Jim Dobbs, $9,600, the cost of goods sold is $6,400 are journalised below.
Give a brief account on account receivables.The term "accounts receivable," also regarded as "AR" or "A/R," refers to legally enforceable claims for payment that are held by a business for goods or services that have been given upon request from customers but have not yet been paid for. They typically take the form of invoices that companies produce and send to clients for payment within set time constraints. Accounts receivable is a balance sheet item that represents an asset.It is one of several accounting transactions that deal with charging a customer for the goods and services they have requested. These can be differentiated from notes receivable, which are debts made through formal legal documents called promissory notes.
To solve the question :
Date Particulars Debit Credit
April 1 Account receivable-
Jim Dobbs A/c Dr. $9,600
To Sales A/c $9,600
(To record sale of merchandise
on account to Jim Dobbs)
April 1 Cost of goods sold A/c Dr. $6,400
To Merchandise Inventory A/c $6,400
(To record cost of goods sold)
June 10 Cash A/c Dr.
(1/3 of Inventory sold = 1/3 × $9,600) $3,200
Allowance for doubtful
accounts (Bad debts) A/c Dr.
($9,600 - $3,200) $6,400
To Account Receivable
Jim Dobbs A/c $9,600
(To record Received payment
for 1/3 of the receivable
and wrote off the remainder )
Oct. 11 Account Receivable- Jim Dobbs A/c Dr. $6,400
To Allowance for doubtful accounts A/c $6,400
(To record the reinstating
Account of Jim Dobbs)
Oct. 11 Cash A/c Dr. $6,400
To Account Receivable - Jim Dobbs A/c $6,400
(To record cash collection in full payment )
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T/F in the tuckman model, storming occurs when team members have different opinions for how the team should operate.
In the Tuckman model, storming occurs when team members have different opinions for how the team should operate is true.
Describe Tuckman's Theory.Psychotherapist Bruce Tuckman originally put forth Tuckman's idea in 1965. The five stages of team development were listed as follows: forming, storming, norming, performing, and adjourning. These phases are said to last from the first group meeting until the project is completed.
Why is the Tuckman model used?Tuckman's Model: Importance. The model describes how a team's maturity and capacity grow, and relationships form as a leader's style shifts. The development of groups is explained by Tuckman's hypothesis. It helps prepare people for group work and helps them reach their maximum potential.
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Michelangelo. Raphael, Leonardo, and Donatello have decided to terminate their partnership. The partnership's balance sheet at the time they decide to wind up is as follows Duning the winding up of the partnership, the other assets are sold for
$160,000
, and the accounts payable are paid. Michelangelo and Donatello Complete the Statement of Partnership Realization and Distribution on the following page Show calculations below.
The complete statement amount of partnership realization and distribution is $400,000
Michelangelo 's = $45,000
Rapheal's = $30,000
Leonardo's = $15,000
Donetello's = $60,000
PARTICULAR AMOUNT PARTICULAR AMOUNT
Noncash assets. $300,000 Accounts payable $100,000
Cash (Account payable)$100,000 Cash (assets sold) $150,000
Loss transferred to partner's capital accounts:
Michelanglo $45,000
Rapheal $30,000
Leopardo $15,000
Donatello $60,000
TOTAL $400,00 TOTAL $400,000
LOSS TRANSFERRED TO PARTNER'S CAPITAL ACCOUNT:
Ratio of profit or loss = 3:2:1:4
Loss on realization = $150,000
Michelangelo's share of loss = 150,000 x 3/10 = $45,000
Rapheal's share of loss = 150,000x2/10 = $30,000
Leonardo's share of loss = 150,000 x 1/10 = $15,000
Donatello's share of loss = 150,000 x 4/10 = $60,000
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gene's car wash is a natural monopoly. to wash 100 cars a week, if gene is unregulated, he would charge a price of $10. gene's average total cost for washing 100 cars is $8, his average variable cost is $6, and his marginal cost is $4. if gene is regulated using an average cost pricing rule, the price he is allowed to charge to wash 100 cars is group of answer choices
gene is regulated using an average cost pricing rule, the price he is allowed to charge to wash 100 cars is group
The common fee pricing rule is a standardized pricing strategy that regulators impose on sure corporations to restrict what those organizations are capable to charge their consumers for its merchandise or services to a price equal to the prices quintessential to create the product or service.
What is the criticism of common price pricing?The criticism of ACP is that the natural monopoly is held at zero economic profit significantly, and the company is not allowed to limit or expand its price above the market stage price. Therefore, the association will operate on the fee and purposefully make bigger the cost.
This pricing rule is every so often used with the aid of the authorities or regulators to mandate a monopoly to charge expenses equal to the common fee of production.
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https://brainly.com/question/7257273#SPJ4Janice earned $175,000 of qualified business income this year from her sole proprietorship and has taxable income, before any QBI deduction, of $150,000. Janice is permitted a QBI deduction of
The allowed QBI deduction for Janice's sole proprietorship generated $175,000 in qualified business income this year, and she had taxable income of $150,000 before any QBI deductions. The allowed QBI deduction for Janice is the issue has been fixed.
Deduction for qualified business income For tax years starting after December 31, 2017, many proprietors of sole proprietorships, partnerships, S corporations, and some trusts and estates may be qualifying for a qualified business income (QBI) deduction, often known as Section 199A.
For tax years beginning after December 31, 2017, but before January 1, 2026, the Tax Cuts and Job Act of 2017 (TCJA) added a new 20% deduction for sole proprietors and owners of pass-through entities known as the Qualified Business Income (QBI) deduction under IRC Section 199A.
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Hulio and Helena work for Corporate Enterprise. Both see what they believe to be unethical treatment of a certain group of employees. The employees do not complain and do not say anything about this treatment. Hulio and Helena are not sure whether to report the potential violation. This is an example of an ethical________
A moral (ethical) dilemma is a situation that involves a choice, decision, act/action, solution that may include an unpleasant problem or situation where you feel you simply do not know what to do or which way to turn.
What is an example of a dilemma?A moral dilemma is a conflict situation in which the choice one makes causes a moral harm, which cannot be restlessly repaired. Take the example of how to respond when a fellow researcher needs help, but refuses your assistance.In LDRS 111 you were introduced to four different ethical dilemma paradigms: truth vs loyalty, short-term vs long-term, individual vs community, and justice vs mercy.A situation in which a difficult choice has to be made between two different things you could do: The president is clearly in a dilemma about/over how to tackle the crisis. She faces the dilemma of disobeying her father or losing the man she loves.A moral dilemma is also called an ethical dilemma and refers to a situation where an individual needs to make a choice but faces a conflicting situation between one or more alternatives.A person who faces a dilemma must decide which moral duty to prioritize; “whichever action is taken.Will offend an important moral value” (Maclagan, 2003, p. 23). In a moral dilemma, it is impossible to live up to all of one's moral convictions and beliefs regarding how one should behave in that situation.
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sales personnel employed by companies, such as ibm and microsoft, who offer technical assistance through consulting in order to promote goodwill for their employers are primarily involved in .
Sales personnel employed by companies, such as IBM and microdot, who offer technical assistance through consulting in order to promote goodwill for their employers are primarily involved in missionary Selling.
What comes first in the process of creating a marketing strategy?Beginning a Marketing Strategy
Establish goals. Start by establishing marketing goals.
Conduct research. Your marketing plan decisions will be influenced by the market research you conduct.
Make choices.
Put it in writing.
Summary.
Which of the following is a part of the marketing quillet's four Ps?The marketing mix's four Ps are: product, pricing, promotion, and place.
Which of the following factors influencing purchasing behavior is psychological?Consumer behavior is influenced by four psychological factors: attitude or belief system, motivation, perception, and learning.
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Suppose the production of DVDs generates sulfur dioxide, an air pollutant. Then the market price for DVDs:
a. is less than the marginal cost to society of producing DVDs
b. is more than the marginal cost to society of producing DVDs
c. equals the marginal cost to society of producing DVDs
d. may be more than, less than, or equal to the marginal cost of society producing DVDs
D. The market price for DVDs may be more than, less than, or equal to the marginal cost to society of producing DVDs.
This is because the market price of a DVD does not take into account the externalities associated with its production, such as the cost of emitting sulfur dioxide. The marginal cost to society of producing a DVD takes into account the externalities, including the cost of air pollution.
If the cost of air pollution is higher than the market price of the DVD, then the marginal cost to society of producing the DVD will be higher than the market price. Conversely, if the cost of air pollution is lower than the market price of the DVD, then the marginal cost to society of producing the DVD will be lower than the market price.
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When a consumer buys a magazine for either information or fort entertainment looking to purchase items for their own use, then this magazine content is classified as _______. industrial professional farm business consumer
Readers working in specific industries are the target audience for professional magazines, often known as trade magazines or business-to-business journals.
How are consumer publications typically categorized?Consumer magazines can also be categorized according to how they are distributed, whether that is through subscription, circulation, shop distribution, or a combination of these. They can also be divided into categories based on frequency; the most popular categories are weekly, monthly, and bimonthly.
What three categories of magazines are there?Consumer magazines, trade magazines, and organization publications are the three different categories of magazines. There are a range of well-liked subcategories and genres for each kind of magazine.
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The table above shows the various units of output that can be produced with different combinations of capital and labor. Which of the following statements is correct according to the information in the table?
O In the long run, there are constant returns to scale.
O In the long run, there are increasing returns to scale.
O In the short run, the marginal product of capital is constant. In the short run, the marginal product of labor is constant.
O In the short run, the law of diminishing marginal returns does not hold.
The information in the table indicates that the following statements about long-term returns to scale are true.
What do you mean by capital and labor?The two basic components of economic production are labor and capital. Labor refers to the individuals needed to produce a good or service, as well as their mental labor. Contrarily, capital describes the man-made machinery, technology, or apparatus used in the manufacture of a good or service. The amount of labor required to perform an activity, such as the number of man-hours needed to build a bed, is the total amount of work. A firm can employ capital, which is money, to boost production and, consequently, sales. In order to successfully produce, labor needs tools with which to work as well as housing, equipment, and other productive tools. All of these need capital, which is a tally of earlier earnings.
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dvertisers are boosting spending on digital, social, and mobile media because of more _________ and the ability to communicate when and where consumers are making decisions.
a.
broadcast
b.
print
c.
precise targeting capabilities
d.
radio
Option (c), Due to better targeting options and the ability to identify the times and locations where consumers make decisions, advertisers are increasing their spending on digital, social, and mobile media.
Targeting strategy's significanceTargeting is important in marketing because it is a part of a full strategy. In addition to advertising, other factors that are affected include customer experience, branding, and corporate operations. If your company concentrates on target market segmentation, it can take the following steps: Address a particular group of people with your speech.
What advantages may firms get from online media?Digital media may reach a large audience across a large geographic area, which is just one advantage of using them for marketing and advertising. Digital media's low creation costs are its second advantage for use in marketing and advertising.
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Which of the following accurately describes the difference between how open market operations are used in a banking system with limited reserves compared to a banking system with ample reserves?
Open market operations are used to maintain adequate reserves in a banking system with large reserves
They are used to indirectly affect the nominal interest rate in a banking system with low reserves by altering the money supply. The Federal Reserve uses open market operations (OMOs), which are central banks' purchases and sales of assets on the open market, as a key tool for carrying out monetary policy.
The Federal Open Market Committee establishes the short-term goal for open market operations (FOMC).
In order to keep the federal funds rate, which is the interest rate at which depository institutions lend reserve balances to other depository institutions overnight, close to the target set by the FOMC before the global financial crisis, the Federal Reserve used OMOs to modify the supply of reserve balances.
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scientific management did which of the following?O decreased productivity O increased the monotony of work O gave workers control O over how they did their jobs was readily accepted by workers
Scientific management b) increased the monotony of work.
Federick W. Taylor was the first to promote scientific management, sometimes referred to as Taylorism. In order to boost productivity, it employs scientific techniques to examine the most effective production process.
According to Taylor's scientific management theory, it is the responsibility of workplace managers to create the best production system in order to maximize economic efficiency.
Taylorism was the earliest type of scientific management, despite the fact that the phrases "scientific management" and "Taylorism" are frequently used interchangeably.
The scientific management philosophy places a strong emphasis on personal effectiveness and productivity. Scientific management theory encouraged specialization, which led to repetitious and boring work. Increased boredom at work is the answer to this question.
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assuming a 360-day year, proceeds of $47,767 were received from discounting a $48,494, 90-day note at a bank. the discount rate used by the bank in computing the proceeds was
Option 10% is the correct answer. Using a 360-day year as an example, the revenues from discounting a $48,494 90-day note at a bank were $47,767. bank utilised a 10% discount rate in calculating the proceeds.
A discount is a reduction in the monetary amount or percentage of a product or service's typical selling price. For example, a $10 discount off the list price of a product may be provided, or a 10% reduction off the list price. A sales discount is a lower price that a company offers on a product or service. Learn how to integrate invoice discounts. A sales discount, sometimes known as a 'discount,' offers clients of a business a lower price on one or more of the items or services on offer. The selling price of the goods is reduced as a consequence of the discount, making it more appealing to the buyer.
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Hiram is a computer engineer and, while unemployed, invents a switching device for computer networks. He patents the device, but does not reduce it to practice. Hiram has a zero tax basis for the patent. In consideration of $800,000 plus a $1 royalty per device sold, Hiram assigns the patent to a computer manufacturing company. Hiram assigned all substantial rights in the patent. Which of the following is correct?
Hiram automatically has long-term capital gain from both the lump sum payment and the royalty payments.
A royalty contribution is a sum of money given to another party who is the owner of a certain asset in exchange for the obligation to continue using that asset. Although there are numerous ways and metrics of compensation, royalties are generally agreed upon as a percent of the gross or net revenues received through the use of a particular asset or a fixed per unit price supplied of an item of such.
Possible forms of compensation include royalties from quasi resources, patents, logos, franchises, copyrighted content, publication royalties, audio royalties, and art royalties. Prominent clothing designers have had the right to request royalties from companies who use their names and designs without permission.
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identify and explain limiting factors (density-dependent and density-independent), population growth, and growth curves.
A population's per capita growth rate changes—typically declines—with rising population density due to density-dependent limiting constraints.
What is limiting factor?Different growth patterns are produced by factors that depend on density to control population expansion. Others have diminishing patterns, while others have S-shaped growth patterns.
A population of elephants living in a forest can be used as a basic example to show population dynamics and the impact of density-dependent factors.
Examples of limiting factors that depend on density include:
Negative association-Predation: Predators are drawn to populations with lots of people in them.
Competition between individuals belonging to the same community is known as negative association-intraspecific competition.
Negative association - parasitism: This condition results from the host-parasite relationship, which develops in a population of more people.
Production of toxic (waste) materials: In a population of many people, toxic waste materials build up and impede each person's ability to grow and reproduce.
Thus, these are some of the limiting factors.
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The two major newspapers in the city, Daily Voice and Town Herald, are considering whether to raise the subscription price. The first entries in the matrix above show the profits of Daily Voice, and the second entries show the profits of Town Herald. Which of the following is consistent with the above payoff matrix. O "Do not change subscription price" is a dominant strategy of Daily Voice O "Increase subscription price" is a dominant strategy for Town Herald O "Increase subscription price" is a dominant strategy for Daily Voice O "Do not change subscription price" is a dominant strategy of Town Herald O There are no dominant strategies in the above payoff matrix
There are no dominant strategies in the above payoff matrix consistent with the mentioned payoff matrix. Hence, option (e) can be regarded as the relevant choice of answer.
Give a brief account on payoff matrix.In game theory, a payoff matrix is a table where one player's strategies are written in rows and the other player's strategies are stated in columns. The cells in the matrix show the rewards for each player, with the row player's rewards appearing first. A player's incremental gain, profit, or loss, depending on whether they execute their strategy in response to the other player's strategy, is the game's payoff. The outcome is based on the game's circumstances. Businesses who are deciding on their advertising budgets, for instance, are concerned with their revenue, whereas businesses that are making new investments in machinery and plant are looking to determine their rate of return. Because it condenses the necessary data and enables us to assess whether a dominant strategy and/or Nash equilibrium exist, a payoff matrix is a crucial tool in game theory. It can be used in oligopoly models, among others.
To solve the question :
a) Payoff matrix
Do Not Change Increase Subscription
Subscription Price Price
Do Not Change Subscription
Price $500 $400 $200 $700
Increase Subscription Price $600 $300 $300 $100
The Daily Voice and Town Herald are the players in the matrix payoff game.
b) In this matrix, there isn't a dominant strategy that unquestionably benefits Daily Voice or Town Herald. If one party constantly benefits from a specific strategy, regardless of the plan the other party choose, then that strategy is said to be dominant.
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The complete question is mentioned below :
Do Not Change Subscription Price Increase Subscription Price
DailyVoice Do Not Change Subscription Price $500, $400 $200, $700
Increase Subscription Price $600, $300 $300, $100
The two major newspapers in a city, Daily Voice and Town Herald, are considering whether to raise the subscription price. The first entries in the matrix above show the profits to Daily Voice, and the second entries show the profits to Town Herald. Which of the following is consistent with the above payoff matrix?
a. Do Not Change Subscription Price is a dominant strategy forDaily Voice.
b. Do Not Change Subscription Price is a dominant strategy forTown Herald.
c. Increase Subscription Price is a dominant strategy forDaily Voice.
d. Increase Subscription Price is a dominant strategy forTown Herald.
e. There are no dominant strategies in the above payoff matrix
An options investor wishing to follow a market-neutral strategy would be most likely to find which of the following most appropriate?
A) A time spread
B) A long broad index call
C) A long straddle
D) A debit put spread
D. The most appropriate strategy for an options investor wishing to follow a market-neutral strategy would be a debit put spread.
A debit put spread involves buying a put option and simultaneously selling another put option with the same expiration date, but with a lower strike price. This strategy is market-neutral because it allows the investor to benefit from a decline in the underlying asset's price while limiting losses if the price increases.
The investor can also benefit from time decay as the option contracts lose value over time. By selling a lower strike put option, the investor will also receive a premium, which offsets the cost of the higher strike put option. This strategy is best suited for investors who are looking for limited downside risk and a market-neutral approach.
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a contract of selling merchandise with the condition that title will remain with the seller until the purchase price has been paid is a:
A conditional sales contract is a means to sell goods with the restriction that title will go to the buyer up until the full payment of the purchase price.
Explain about the sales contract?A sales contract between a buyer and a seller is a binding legal document. The document contains information on the transaction in detail, as well as terms of sale and detailed descriptions of the goods or services. A strong sales contract should make it clear to both parties of their rights and responsibilities throughout a transaction.
Because it details the precise items or services that the buyer is paying for, this is often the most crucial part of a sales contract. For this reason, essential information about a product, such as the model number, should be included.
A legally binding and enforceable agreement is a valid contract. All parties are obligated by law to carry out the terms of a valid contract.
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Two years ago, a builder constructed a house for a woman and conveyed that house to her for
$300,000 at the closing by a warranty deed, which was promptly recorded. The sale contract
contained no express warranties relating to the condition of the house. To finance the purchase,
the woman borrowed $200,000 from a local bank secured by a mortgage on her new house. The
mortgage note provided that in the event of the woman’s failure to make two consecutive
monthly mortgage payments, the balance would become immediately due and payable. The
mortgage was promptly recorded.
One year ago, the woman accepted a new job and moved. At that time, her house was worth
$360,000 and there was a balance on the mortgage of $195,000. She sold the house to a man and
delivered a quitclaim deed to him in exchange for $160,000. The quitclaim deed was promptly
recorded and made no reference to the woman’s mortgage obligation. The mortgage obligation
was not discharged at the closing. However, the man immediately began to make the woman’s
monthly mortgage payments to the bank after the closing.
Nine months ago, water seeped into the basement of the house during a major storm, causing
substantial damage. It is undisputed that the seepage was due to defective concrete used by the
builder and not to any negligence on the builder’s part. The man called the builder, told him
about the seepage, and demanded that the builder fix the concrete. The builder responded:
"That’s your problem." The man then repaired the concrete at a cost of $80,000.
Thereafter, the man sued the builder to recover the $80,000 he had spent to repair the concrete.
While the case was pending, the man stopped making mortgage payments. The bank sued the
man to foreclose on the mortgage and, if necessary, obtain a deficiency judgment against him on
the note if the sale proceeds were insufficient to discharge the mortgage debt. The man has
joined the woman as a third-party defendant in the lawsuit.
1. Is the man likely to prevail against the builder to recover the $80,000 he spent to repair
the concrete? Explain.
2. Is the man personally liable for the outstanding balance on the mortgage note between the
woman and the bank? Explain.
3. If the bank is successful in its foreclosure action, will the man be able to recover damages
from the woman? Explain.
The alternatives must first be added before we can respond to this question.
1. The court determined that the woman did not receive the benefit of her deal because the buyer paid her $50,000 more for the house than the buyer had paid the builder.
2. The court determined that the builder had agreed to foot the bill for the repair by yelling at the woman to "get it fixed."
C. The court determined that the builder's warranty deed to the buyer had a covenant of further assurances that had been broken by the foundational flaws.
3. The court determined that a future buyer might enforce an implied assurance of habitability made by the builder to the buyer.
What Is the Frauds Statute? According to a legal principle known as the statute of frauds, certain kinds of transactions must be in writing. The sale of land, agreements involving products valued at more than $500, and contracts lasting a year or more are some of the transactions that are most frequently subject to the statute of frauds.
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Wyman corporation uses a process costing system. the company manufactured certain goods at a cost of $880 and sold them on credit to percy corporation for $1,235. the complete journal entry to be made by wyman at the time of this sale is:
The journal entry to be made by Wyman Corporation at the time of the sale is as follows:
Debit: Accounts Receivable (Percy Corporation) $1,235
Credit: Sales $1,235
Credit: Cost of Goods Sold $880
The first thing to note is that the sale was made on credit, so Accounts Receivable are debited for the full sale amount of $1,235. This is because the company has not yet received payment from Percy Corporation and therefore the amount is still owed to them.
The second part of the entry is to credit the Sales account for the same $1,235, as this account will be used to track the amount of money generated from sales.
The last part of the entry is to credit the Cost of Goods Sold account for $880, as this account will be used to track the cost of the goods that were sold to Percy Corporation. This amount is subtracted from the sale amount to calculate the company's profits.
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In 2021, David, age 66, had adjusted gross income of $32,000. During the year he paid the following medical expenses Prescription medicines Doctors Medical care insurance Over-the-counter hair growth tonic $200 $2,500 $1,400 $250 What amount can David deduct as medical expenses (after the adjusted gross income limitation) in calculating his itemized deductions for 2021? O a. $1,700 O b. None of these is correct O c. $4,100 Od.s0 O e. $900
Therefore, David can deduct (a) $1,700 as medical expenditures when figuring his itemized deductions for 2021.
What do you mean by the income?The amount of money, property, and other transfers of value obtained over a predetermined period of time in return for services or goods are often referred to as "income." There is no single, accepted meaning of income; rather, it depends on the context in which the term is used. Income is the money received by an individual or organisation in exchange for labouring, producing a good or service, or using capital. While businesses often make money by selling goods or services for more than it costs to produce them, people typically earn money through wages or salaries.
What are sources of income?In a straightforward economy, there are only two sources of revenue. the corporate sector, and the latter, the household sector. respectively. These get money through trading with one another. The home sectors possess the production factors and provide them to the businesses. Earned income includes things like wages, salaries, commissions, and tips. Potential passive or unearned income sources include limited partnerships, rental properties, and royalties. Investment income can come in the form of interest, dividends, or capital gains on assets.
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assume the banking system in zenobia has ample reserves. which of the following reserve market graphs demonstrates the effect of the central bank of zenobia increasing its administered interest rates?
Assume the banking system in Zenobia has ample reserves. of the following reserve market graphs demonstrates the effect of the central bank of Zenobia increasing its administered interest rates2nd table increase in Policy Rate.
Test your knowledge of reserves in the financial system.Currency deposits held in bank reserves are those that are not lent to customers of the bank. A minor portion of the total deposits are kept on bank property, either in cash vaults or with the central bank.
What branch of the Federal Reserve determines the rules for buying and selling government securities?The Federal Reserve uses open market operations (OMOs), or the buying and selling of assets by a central bank on the open market, as a key tool for carrying out monetary policy. The Federal Open Market Committee establishes the open market operations' short-term goal (FOMC).
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alex brought his lunch today but now a coworker has asked him to go to the deli across the street. select the correct statement from the following. rev: 04 07 2020 qc cs-207311 multiple choice the cost of the lunch alex had brought is relevant to alex's decision to have lunch with his friend. the cost of the lunch that alex had brought has nothing to do with his current decision. the cost to buy lunch at the deli is not relevant because it has not yet been incurred. the cost of the lunch alex already has represents the opportunity cost of dining with his friend.
The solution is Option D.
Opportunity cost is the financial gain lost as a result of choosing a different path. The opportunity cost in this instance is represented by the cost of the lunch that Alex brought.
WHAT IS OPPORTUNITY COST?When you choose between two or more possibilities, you incur an opportunity cost, which is the cost of what you lose. Regardless of what you stand to lose by choosing, you believe that the decision will benefit you more in the long run. Your investing decisions will always result in immediate and long-term losses or gains, according to the concept of opportunity cost.
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Prospects and challenges of mobile banking in your country
Answer:
Challenges:
1) Lack Of Better Internet Service
2)Lack of Idea about Mobile Banking
3)Lack of technology
4)Lack Of Infrastructure
Additionally, there is a chance for malware and virus attacks, which could provide outsiders access to someone's personal information such usernames and passwords. Additionally, using SMS for mobile banking carries some risk.
What is malware?Malware is any software that is purposefully created to disrupt a computer, server, client, or computer network, leak confidential information, obtain unauthorized access to data or systems, prevent access to data, or inadvertently compromise a user's privacy and security online.
Contrarily, software that harms users due to a flaw is commonly referred to as a software bug. There are many different kinds of malware, including Trojan horses, worms, ransomware, spyware, adware, rogue software, wiper, and scareware.
Depending on the type of malware, different defense strategies are employed, but for the most part, infected systems can be isolated, antivirus software is installed, firewalls are activated, patches are applied on a regular basis to lessen zero-day attacks, networks are protected from intrusion, and regular backups are made.
In order to avoid being discovered by antivirus software, malware is increasingly being developed. Malware can occasionally be deployed against corporate or governmental websites to gather sensitive data or generally impede their operation.
However, malware can be used against people to obtain information like passwords, bank or credit card numbers, or personal identity numbers or details.
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