Prompt What is liability?

The solution to the given question when we consider total cost and total revenue, given in the following table:

Quantity | Total Cost | Marginal Cost | Total Revenue | Marginal Revenue | Profit

------- | -------- | -------- | -------- | -------- | --------

0     | 5       | 5        | 0        | 0        | -5

1     | 11      | 6        | 6        | 6        | 1

2     | 17      | 6        | 12       | 6        | 5

3     | 24      | 7        | 18       | 6        | 4

4     | 31      | 8        | 24       | 6        | -7

5     | 39      | 8        | 30       | 6        | -9

6     | 47      | 8        | 36       | 6        | -11

7     | 55      | 8        | 42       | 6        | -13

As you can see, the firm's profit is maximized at quantity 3. This is because the marginal revenue is equal to zero at this point, which means that the firm is not making any additional profit by producing more units. In fact, if the firm produces more units, it will actually start to lose money.

Therefore, the answer to the question is 3.

In summary:

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A risk and pitfall of implementing a multisource feedback is that C. Raters may be overloaded .

Multisource feedback ( also known as 360 - degree feedback ) is a type of feedback on employees where information on those employees is gathered from multiple sources such as their colleagues, managers, and subordinates .

The major risk or pitfall with this type of feedback system is that the raters could get overwhelmed by the sheer amount of information they have to sift through from all those different sources of information on employees.

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Answer: Understanding all the moral standards and recognizing all moral impacts.

Explanation:

Ethics is the standards and the moral principles which guide the behavior of an individual or group of people. Ethical decision making reefers to the assessment of the moral implications of a course of action.

Since the manager uses the the formal process for ethical decision making to resolve the problem, the first step to begin with is to understand the moral standards and recognizing all moral impacts. The manager needs to be aware of the moral standards and be sure if he or she is following the normal process and doing the right thing.

Answer:

b.

Explanation:

Knowledge of ethical practices can stop you from making bad decisions due to ignorance it is important to study ethics in school. Thus, option (b) is correct.

The term school refers to the educational institutes that are involved with students and teachers. The teacher is a guide for the student. The teacher's job is to teach the student as related to the study, courses, and future guidance. The student is able to effectively communicate, build punctuality, decorum, ethics, and value.

According to the school are the based on the study ethics are the ethical practices can stop you from making bad decisions due to ignorance.  The person can earn money as they need to education. The education is level wise and based on capacity of the revised knowledge of the student. The education is included a basic necessity of the people.

As a result, the knowledge of ethical practices can stop you from making bad decisions due to ignorance it is important to study ethics in school. Therefore, option (b) is correct.

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After conducting research on the internet, a summary about a company that mentions funds for starting the business, employee data, and products or services that the company provides compared to other similar business plans has been found.

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A management control system gathers information used to evaluate the performance of:

A management control system is a management technique that evaluates the achievement of performance goals in terms of:

Thus, a management control system gathers information used to evaluate the performance of human, physical, financial, and other organizational resources.

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The acronym PLC, which stands for a public limited company, indicates that the firm's shares are publicly traded. It is the British equivalent of "Inc." in the United States.

In the United Kingdom, a public limited company (PLC) is a type of public business. PLC is the counterpart of a publicly listed firm in the United States that uses the Inc. or corporation classification. The inclusion of the PLC acronym following a business's name is required, and it informs investors and anybody interacting with the firm that it is a publicly listed corporation. PLC, which stands for a public limited company, is an acronym for public corporations in the United Kingdom.

PLCs make up the majority of the firms listed on the London Stock Exchange. A PLC shares can be purchased by any regular investor. Unlike privately held companies, public companies are required to publish financial data and disclosures to the public on a regular basis.

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Answer:

pursue both projects

Explanation:

The projects are not mutually exclusive thus the choice of one project does not hold back the pursuant of another (can occur at the same time).

Projects which provide a return above their cost of capital must be pursued as they are less risky.

Both projects provide the return above the costs of capital and should be pursued.

Answer:

1)D 2)C

Explanation:

(I took the test got a 100%)

1) what makes something debatable is when others have different opinions about it.

2)when you explain what they other persons claim is and then show how it wrong then it makes ur claim look like a better on to agree with

Answer:

i am from connexus i just took the quick check here are the correct answers

Explanation:

1. D. it is something people could have differing opinions about.

2. C. it strengthens your claim because you have a chance to explain why it is invalid

3. C. to provide reasons why it is wrong

4. There is not enough time in the school day for middle school students to be allowed a large amount of free time.

i hope this helps and please let me know if it does

Your team is working on a project due at the end of the quarter. You propose a timeline that some of your teammates disagree with because many milestones conflict with their other work. Propose revising the timeline as a group to account for scheduling conflict is suggested in this situation. Option A is the correct answer.

When faced with disagreement from teammates regarding the proposed timeline, a productive approach is to propose revising the timeline as a group to address scheduling conflicts. Option A is the correct answer.

Here's a step-by-step explanation:

1. Gather feedback: First, listen to your teammates' concerns and understand the specific conflicts they are facing. This will help you grasp the extent of the issue and identify areas where adjustments can be made.

2. Collaborate: Initiate a discussion with your team to collectively revise the timeline. Encourage open communication and active participation from all members. By involving everyone, you can ensure that the revised timeline considers the availability and commitments of each team member.

3. Identify and prioritize milestones: Review the project's milestones and evaluate their dependencies and deadlines. Identify any milestones that can be shifted or rearranged to minimize conflicts. It may be necessary to reprioritize tasks to accommodate the availability of team members.

4. Adjust the timeline: Based on the inputs and discussions, modify the timeline accordingly. Make sure to balance the requirements of the project and the availability of your team members. Consider incorporating buffer time between milestones to allow for unexpected delays or conflicts that may arise in the future.

5. Communicate the revised timeline: Once the timeline is revised, ensure that all team members are aware of the changes. Clearly communicate the rationale behind the revisions and the impact on the overall project. This will help foster understanding and buy-in from all members.

6. Regularly review and adapt: As the project progresses, regularly review the timeline to ensure it remains feasible and adaptable to any new conflicts or challenges that may arise. Continuously communicate and collaborate with your team to address any further scheduling issues that may arise.

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The correct answer to question 49 is that a producer may share commission with another licensed but unappointed producer. b is correct answer

A producer may share commission with another licensed but unappointed producer.

In the insurance industry, a producer is an individual or entity that sells, solicits, or negotiates insurance policies. Producers can be insurance agents, brokers, or other licensed professionals authorized to conduct insurance transactions. Commissions are the compensation received by producers for their services in selling insurance policies.

While producers typically earn commissions based on the premiums paid by policyholders, they may also share commissions with other licensed individuals who are not appointed producers. These individuals are usually part of the same agency or brokerage and contribute to the sales process. By sharing commissions, producers can incentivize teamwork, encourage collaboration, and reward the efforts of their colleagues.

It's important to note that sharing commissions with unlicensed individuals who have sold, solicited, or negotiated insurance policies is generally not allowed. Insurance regulations require that only licensed individuals engage in insurance-related activities. Unlicensed individuals do not have the necessary qualifications, training, and legal authorization to participate in the sales process or receive commissions.

The sharing of commissions with the underwriter of the insurance company or the insured to offset a portion of the premium payable is also uncommon. The underwriter is responsible for assessing risk and determining policy terms, while the insured pays premiums to obtain coverage. Commissions are typically allocated to the producer involved in the sale and are not shared with the underwriter or the insured.

Therefore, the correct answer to question 49 is that a producer may share commission with another licensed but unappointed producer.

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Answer:In an audit, the IRS is simply questioning an item or items that you reported on your tax return. For example, the agency may question whether you actually reported all of your income, or claimed legitimate tax deductions. In most cases, you will need to provide additional documentation to support the item in question.

Explanation:

The type of price elasticity of demand in this scenario is elastic, indicating that a decrease in ticket prices would lead to a relatively larger increase in ticket sales.

a. The price elasticity of demand can be calculated using the following formula:

Price Elasticity of Demand = Percentage Change in Quantity Demanded / Percentage Change in Price

To calculate the percentage change in quantity demanded, we can use the formula:

Percentage Change in Quantity Demanded = (New Quantity Demanded - Initial Quantity Demanded) / Initial Quantity Demanded

Using the given information:

Initial Quantity Demanded = 2000

New Quantity Demanded = 4000

Percentage Change in Quantity Demanded = (4000 - 2000) / 2000 = 100%

To calculate the percentage change in price, we use the same formula:

Percentage Change in Price = (New Price - Initial Price) / Initial Price

Using the given information:

Initial Price = 400 Birr

New Price = 200 Birr

Percentage Change in Price = (200 - 400) / 400 = -50%

Now, we can calculate the price elasticity of demand:

Price Elasticity of Demand = (Percentage Change in Quantity Demanded / Percentage Change in Price) = (100% / -50%)

b. Based on the calculated price elasticity of demand, we can determine the type of elasticity:

Since the price elasticity of demand is greater than 1 (100% / -50% > 1), it indicates that the demand for concert tickets is elastic. This means that the percentage change in quantity demanded is greater than the percentage change in price.

Elastic demand implies that consumers are sensitive to price changes, and a small decrease in price leads to a proportionately larger increase in the quantity demanded. In this case, when the price decreases from 400 Birr to 200 Birr, the quantity demanded increases by 100%.

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The financial crisis in 2008 could've been avoided in some ways by Regulating the housing market, Proper regulation banks and financial institutions, Introduction of better accounting standards, Encouraging greater transparency, and Regulating credit rating agencies.

The global financial crisis of 2008 was a significant economic event that had a far-reaching impact on the worldwide economy. The crisis resulted in the collapse of numerous leading financial institutions, which led to unprecedented losses in the stock market, a decline in economic growth, and high levels of unemployment. It is commonly believed that the crisis could have been avoided if appropriate measures had been taken at the right time.

Here are some ways the financial crisis in 2008 could have been avoided:

1. Regulating the housing market: The financial crisis of 2008 originated from the housing market collapse. Banks and financial institutions had given loans to people who could not afford them, and when the housing bubble burst, a massive number of mortgages went into default. If the government had regulated the housing market more effectively, the financial institutions would not have been able to give out loans to risky borrowers, and the housing market would not have collapsed.

2. Proper regulation of banks and financial institutions: If banks and financial institutions were regulated more effectively, they would not have been able to engage in risky financial practices that led to the crisis. Regulators would have spotted the risky activities early on and would have been able to take corrective action before it was too late.

3. Introduction of better accounting standards: During the financial crisis of 2008, banks and financial institutions engaged in creative accounting practices to hide their losses. This deception made it difficult to ascertain the real situation of the banks and financial institutions, leading to a lack of confidence in the market. If better accounting standards had been introduced, this could have been avoided.

4. Encouraging greater transparency: The financial crisis of 2008 was partly caused by a lack of transparency in the market. If regulators had encouraged greater transparency, there would have been more information available to investors, which could have led to greater confidence in the market.

5. Regulating credit rating agencies: Credit rating agencies played a significant role in the financial crisis of 2008. They gave high ratings to toxic financial products, which misled investors and led to the collapse of the market. If credit rating agencies were regulated more effectively, they would not have been able to give high ratings to risky products, and the market would have been more stable.

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Answer:

Joe lives in a mixed economy.

The building is a private property

Explanation:

A mixed economy allows individuals like Joe and companies to engage in commercial activities. It gives freedom to entrepreneurs to choose the type of business they wish to operate. Joe rents out apartments to clients. He and the client enters into a tenancy agreement, which suggests the presence of regulation. Consulting the owner of the property that he wishes to purchases shows there is an authority that regulates property transactions. A mixed economy gives buyers and sellers the freedom to do business but with regulation by a central authority.

The property that Joe wishes to buy is private property. It belongs to the seller and not to the public or government. Joe can only purchase a property and acquire its title if it is private property.

Answer:

1. mixed market

2. private property

Sophia’s ethical obligation is to inform Pete about the mistake made in the draft of contract.

An ethical obligation refers to a moral requirement to follow a certain course of action.

Hence in this case, Sophia’s ethical obligation is to inform Pete about the mistake made in the draft of contract and correct the same.

Yes, she should tell him because both party in a contract are expected to be transparent and disclose facts to one another.

I will apply the life principles of transparency.

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Yes. Accounting courses I took before helps us understand how to make cash budget and pro forma income statement and balance sheet.

Here's how accounting courses can help individuals in creating cash budgets, pro forma income statements, and balance sheets:

By studying accounting, individuals gain a solid foundation in financial concepts, reporting standards, and analytical techniques. This knowledge equips them with the skills necessary to create cash budgets, pro forma income statements, and balance sheets effectively.

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Answer: Sole proprietorship

Explanation:

Sole proprietorship is also called the sole trader or one man business. This is a form of business that's owned and.conteoooed by a single person.

A sole proprietorship is regarded as the easiest form of business to set up due to lack of government regulation. Since Jane wants to have control and the least interference from government regulations, this form of business is appropriate.

Answer:

I think it's A) Always just answer the question the customer has.

Explanation:

I know it's not D) "Never look the customer in the eye."

I don't think it's C) "Always answer a question with another question" that just seems like it would be confusing for the customer.

And I don't think it's B) "Never try to get more information about what the customer needs" because part of you're job as a salesman is find out what the customer needs.

So that leaves answer choice A

Making an adjustment to the offerings to meet the needs of various other buyers around the globe is done by most of the companies when they look to provide an offering to global markets. Therefore, the option 3 holds true.

Global markets can be referred to or considered as the relevant market for a business organization or a firm that deals in products or services such that their consumption is at a global level, and two or more countries or continents at large.

When companies require access to the global markets for expansion, they have to keep in mind the needs and demands of different kinds of buyers around the globe too, so that they have an opportunity to attract customers around the globe.

Therefore, the option 3 holds true and states regarding the significance of global markets.

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Answer:

pick 'n pay through daily promotions

The current asset is $10,150, the total long term asset is $13108, the total current liabilities is $985, the long term liabilities is $9982 and the total equity is $12273

The current assets of the company include $8,250 in cash, $1,225 in inventory, and $675 in accounts receivable, which total $10,150.

The current liabilities of the company include $485 owed to suppliers and a $500 loan to be paid off in the next six months, which total $985.

The owner's equity is equal to the initial investment of $12,000 plus the amount retained from earnings of $1,291, minus the amount paid back on the long-term loan of $2,018, plus the amount put aside for long-term investment of $1,000, which total $12,273.

The net worth of the company is the sum of the owner's equity and the value of the company's assets (land, building, and equipment), which is $12,273 + $8,878 + $4,230 = $25,381.

a.

The current assets of the company are:

The current assets total $10,150.

b.

The long-term assets of the company are:

The total long-term assets of the company are $8,878 + $4,230 = $13,108.

c.

The current liabilities of the company are:

The total current liabilities of the company are $485 + $500 = $985.

d.

The long-term liability of the company is the five-year loan of $12,000, of which $2,018 has been paid back, leaving a remaining balance of $12,000 - $2,018 = $9,982.

e.

The total equity of Company X is $12,000 (initial investment) + $1,291 (retained earnings) - $2,018 (repaid long-term loan) + $1,000 (long-term investment) = $12,273.

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Option (d), In accordance with leader-member exchange, you must put out effort to cultivate unique bonds with your followers. This leads to more productive team meetings if you do it.

The Leader-Member Exchange Hypothesis first came to light in the 1970s. It looks at the interaction between management and the team. Team members frequently move through the three stages of role-taking, role-making, and routineization when interacting with their management.

As they have limited time and resources, leaders divide their subordinates into in- and out-groups to increase work-group productivity, according to the leader-member-exchange (LMX) theory of leadership (Dansereau, Graen, & Haga, 1975).

Out-group: If a worker and their management don't trust one another, that manager typically sees the employee as being in the minority. The likelihood that these individuals may leave the team may increase as a result, and they may also experience lower job satisfaction and lower levels of motivation.

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The complete question is:

According to leader-member exchange, you must work to develop special relationships with your followers. If you do this, it results in which of the following?

an entire work group becoming an in-group

an entire work group becoming an out-group

increased job satisfaction

more effective team meetings

Note that linking new information to what you already know or have studied is effective.

Associative memory is described in psychology as the ability to learn and retain the link between unrelated information. This includes things like remembering someone's name or the scent of a certain cologne.

Association is a strong memory mechanism that allows the brain to relate something familiar to something new that it is unfamiliar with. By associating the unexpected to the familiar, the brain is able to learn and retain the unfamiliar more readily.

This is why connecting the new to the ancient works so well.

Being virtuous is not the appropriate term to describe this method.

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Answer:

$36,750

Explanation:

Calculation to estimate the ending inventory for 2019 assuming Raleigh Department Store used the LIFO retail method

LIFO retail method

($) Cost ($) Retail

Beginning inventory $33,210 $43,000

Add purchases $249,510 $470,000

Freight in $26,500 $0

Less: purchase returns ($6,300) ($22,000)

Purchase discount ($4,800) $0

Add net marks up $0 23,000

Less: net mark downs $0 ($22,000)

Goods available for sale (excluding beginning inventory) $264,910 $449,000

(298,120 -33,210=264,910)

(492,000-43,000=449,000)

Goods available for sale (Including beginning inventory) $298,120 $492,000

Cost to retail ratio 59%

[(264,910/449,000) *100]

Less: net sales

Sales $446,500 $0

Sales return $8,000 ($438,500)

($446,500-$438,500=$8,000)

Employee discount $0 ($4,500)

Estimated ending inventory at retail $0 $49,000

Estimated ending inventory at cost $36,750

[ 33,210 +(49,000 -43,000)*59%]

Therefore the Estimated ending inventory at cost is $36,750

LIFO that stands for Last In and First Out is the common method used by the generally accepted accounting principles to maintain the account for inventory. The cost that has been incurred for the first produced product is expensed first and then the other one.

The calculation of the ending inventory has been attached below.

Working notes:

\(\text{Goods available for sale} = \$449,000\$298,120 -\$33,210=\$264,910\$492,000-\$43,000=\$449,000\)

\(\begin{aligned}\text{Cost to retail ratio}=59\%\\\frac{\$264910}{\$449000} \times100\end{aligned}\)

\(\text{Sales return}= $8,000\\\$446,500-\$438,500=\$8,000\)

\(\etxt{Estimated ending inventory at cost}=\$36,750\$ 33,210 +(49,000 -43,000)\times59\%\)

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A current event that has had an impact on the economy is the recent coronavirus pandemic. The economic effects at the individual and economic level were the loss of jobs, the bankruptcy of micro-enterprises and economic scarcity.

Macroeconomic factors such as health crises, politics and wars, for example, are capable of generating effects in society that directly impact the lives of individuals individually and collectively, by changing the laws of supply and demand and generating an economic imbalance.

Therefore, the pandemic is an example of a situation that contributed to the economic recession in the US, generated by the closure of companies during the quarantine period, impacting the entire sector, jobs and prices.

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Based on the amount that you won and the return earned by the state lottery, the present value of the "up-front cash" is $715,450.96

Over 17 years, the amount per year is:

= 1,333,333.33 / 7

= $78,431.37

This amount is the same every year so the present value will be that of an annuity.

The present value is:

= Annuity amount x present value interest factor of annuity, 17 years, 8%

= 78,431.37 x 9.122

= $715,451.96

Missing part of question:

Assuming you cach receive your share over 17 years and that the state lottery earns a 8 percent retum on its funds,

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The entry to record the cash proceeds from the issuance of the bonds on July 1, 20Y1 is:

Cash 28,083,449

Bonds Payable 26,500,000

Premium on Bonds Payable 1,583,449

The company received cash of $28,083,449 from the issuance of the bonds, which is the face value of $26,500,000 plus a premium of $1,583,449. The premium is the difference between the face value and the cash received, and represents the additional amount that investors are willing to pay for the bonds due to their higher interest rate compared to the market rate. The Premium on Bonds Payable account is a contra account to the Bonds Payable account, and reduces the carrying value of the bonds on the balance sheet.

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