Vicky Torres and Juanita Alva were the first in line at Best Buy during a Black Friday sale so that they could secure a large-screen TV, which was normally $499 and was advertised on sale at $199. Because they arrived three weeks early, they ended up waiting in line for a total of 500 hours! The authors of your textbook found their choice puzzling because of the high opportunity cost in this scenario. The authors say: "Saving $300 by spending 500 hours makes Vicky and Juanita's time worth 60 cents an hour. They could have spent 30 hours working an extra job at $10 an hour and each earned enough money to purchase the TV at full price-and still had 470 hours to do other things. In short, they don't seem to have been aware of the opportunity cost of waiting in line." But this is not the only conclusion one can draw from Vicky and Juanita's behavior. Choose the conclusion below that would be consistent with the idea that Vicky and Juanita were aware of the opportunity costs yet still found the three-week-wait to be worthwhile.
a. "However, they might have enjoyed the experience of camping out in line, meeting other customers, and gaining a degree of fame for their commitment to getting a good deal."
b. "Vicky and Juanita really enjoy their high paying jobs and don't like camping at all."
c. "If they are able to camp out for three weeks, they probably do not have full-time jobs, so earning 60 cents an hour is a good decision for the shoppers."

Answer:

Accumulated depreciation= $7,920

Explanation:

Giving the following information:

Buyng price= $25,000

Salvage value= $3,000

Number of years= 10

To calculate the depreciation expense, we need to use the following formula:

Annual depreciation= 2*[(book value)/estimated life (years)]

2019:

Annual depreciation= [(25,000 - 3,000) / 10]*2

Annual depreciation= $4,400

2020:

Annual depreciation= [(22,000 - 4,400) / 10]*2

Annual depreciation= $3,520

Accumulated depreciation= $7,920

Mark is a college student and frequently needs to either rent a car or borrow his friend's car, Mark should get Non-owner coverage.

Non-owner coverage is non-public vehicles that your business would not own, rent, or lease. Non-owned automobile coverage helps provide legal responsibility and safety if a car you haven't leased, hired, or rented is pushed on your business and is a coincidence.

In case you drive often but do not own an automobile, a non-proprietor insurance policy provides legal responsibility coverage for bodily harm and property harm, which means that it'll cover you if you're answerable for damages or injuries in a coincidence.

Non-owner vehicle coverage is for individuals who sometimes drive an automobile they don't own but need to prove insurance. It affords liability coverage that will pay for accidents and assets that harm our purpose to other humans in a twist of fate. but, it doesn't cowl damage to the automobile you have rented or borrowed, nor for any accidents.

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There are two main types of budgets: operational budgets and financial budgets.

Operational budgets are used to plan and monitor the day-to-day operations of a business, and typically cover a period of one year. These budgets include items such as revenue projections, production costs, and operating expenses. Operational budgets are crucial for ensuring that a business stays on track and meets its operational goals. Financial budgets, on the other hand, are focused on the long-term financial health of a business. They include items such as capital expenditures, financing costs, and cash flow projections. Financial budgets are used to help businesses plan for the future and make strategic decisions about investments and growth. These two types of budgets complement each other by providing a comprehensive view of a business's operations and financial health. Operational budgets help to ensure that day-to-day activities are aligned with the overall goals of the business, while financial budgets provide a roadmap for achieving long-term success. By using both types of budgets, businesses can make informed decisions about resource allocation, identify potential risks, and maintain a strong financial position over the long term.

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Answer:

A.

Explanation:

Using credit is borrowing.

The situation that represents the example of using credit is borrowing some money for purchasing expensive tools.

The following information does not relate to the usage of credit:

Based on the above information we can conclude that the situation that represents the example of using credit is borrowing some money for purchasing expensive tools.

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true <3

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The answer is True .

It is true because the definition of debt is the state of owing money .

Answer: 150,460 currency units

Explanation:

The costs that are included in inventory include:

Inventory cost is:

= Cost of raw materials + Transport in costs + Tax duties - Trade discounts

= 150,000 + 640 + 340 - 520

= 150,460 currency units

Answer:

In the product process, margins define much of the procedure. If production costs increase, the quantity of goods produced will almost always decrease given the price of raw materials stays consistent.

Explanation:

Here are the steps:

I hope this helps!!!

Answer:

a. There is no entry required to record the accounting change

b. The journal entry to record depreciation for 2021 would be as follows:

                                         Debit      Credit

Depreciation Expense $3,000

    Accumulated Depreciation $3,000

Explanation:

According to the given data we have the following:

Sum of year digits=5(5+1)/2

Sum of year digits=(5*6)/2

Sum of year digits=15

Depreciation for year 2019=$30,000*5/15

Depreciation for year 2019=$10,000

Depreciation for year 2020=$30,000*4/15

Depreciation for year 2020=$8,000

Therefore, book value as on january 1, 2021=$30,000-$10,000-$8,000

book value as on january 1, 2021=$12,000

Revised useful life=6 years-2 years=4 years

Therefore, Revised depreciation for 2021=$12,000/4

Revised depreciation for 2021=$3,000

a. There is no entry required to record the accounting change

b. The journal entry to record depreciation for 2021 would be as follows:

                                         Debit      Credit

Depreciation Expense $3,000

    Accumulated Depreciation $3,000

Answer:

invest, save and make passive income

Explanation:

I think the best way to earn money is to invest even if you don't have money there are a lot of ways that you can earn starting from 0. if you made it in your first thousand I think it's the best if you save it from now and use it in future investment even if you have enough you can now earn and even hire people from your business (if you want to start one) and you can invest at the same time you can have now a passive income from your business adding that to your investment which you will earn more and grow your business.

The relationship between the straight-line and double-declining-balance method is that they D. Produce the same total depreciation over an asset's useful life.

While they do not produce the same depreciation every year, they will eventually depreciate an asset in the same way overtime.

What this means is that both methods will depreciate an asset by the same amount at the end of the asset's life. However, the depreciation amounts will vary by method on an annual basis.

In conclusion, option D is correct.

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Answer:

El relativismo no puede ser contradictorio porque no afirma ni niega nada. La expresión de una actitud moral consiste en valorar la diversidad.

Explanation:

El relativismo no puede ser contradictorio porque no afirma ni niega nada. La expresión de una actitud moral consiste en valorar la diversidad.

Answer:

All cash flows other than the initial investment occur at the end of periods.

All cash flows generated by the investment project are immediately reinvested at a rate of return equal to the discount rate.

Explanation:

Net present value is the present value of after-tax cash flows from an investment less the amount invested.

NPV is a capital budgeting method

Only projects with a positive NPV should be accepted. A project with a negative NPV should not be chosen because it isn't profitable.  

When choosing between positive NPV projects, choose the project with the highest NPV first because it is the most profitable

For example, a project costs 100. the cash flow in year 1 and 2 is $500 each. the discount rate is 10%

the NPV can be calculated using the financial calculator

NPV = $767.77

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

Beverly Mills has three leasing options to choose from. Each of these options differs in terms of the monthly cost, the total mileage allowance, and the cost for any miles over the set mileage allowance. Depending on her driving patterns, Beverly Mills can select the option that suits her the best.

Beverly Mills decided to lease a hybrid car to save on gasoline expenses and to do her part to help keep the environment clean. The car she selected is available from only one dealer in the local area, but that dealer has several leasing options to accommodate a variety of driving patterns.All the leases are for 3 years and require no money at the time of signing the lease.

The three lease options available to Beverly Mills are as follows:

Option 1:Monthly cost: $330Total mileage allowance: 36,000 miles (an average of 12,000 miles per year)Cost for any miles over 36,000: $0.35 per mile

Option 2:Monthly cost: $460Total mileage allowance: 45,000 miles (an average of 15,000 miles per year)Cost for any miles over 45,000: $0.45 per mile

Option 3:Monthly cost: $540Total mileage allowance: 60,000 miles (an average of 20,000 miles per year)Cost for any miles over 60,000: $0.55 per mile

Therefore, Beverly Mills has three leasing options to choose from. Each of these options differs in terms of the monthly cost, the total mileage allowance, and the cost for any miles over the set mileage allowance. Depending on her driving patterns, Beverly Mills can select the option that suits her the best.

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Answer:

What Is Rent Seeking?

Rent seeking (or rent-seeking) is an economic concept that occurs when an entity seeks to gain added wealth without any reciprocal contribution of productivity. Typically, it revolves around government-funded social services and social service programs.

Key takeaways

Rent seeking is an economic concept that occurs when an entity seeks to gain wealth without any reciprocal contribution of productivity.The term rent in rent seeking is based on the economic definition of “rent,” which is defined as economic wealth obtained through shrewd or potentially manipulative use of resources.An example of rent seeking is when a company lobbies the government for grants, subsidies, or tariff protection.Rent seeking comes in many forms from lobbying or donating funds.For example, if you donate money but write it off on your taxes, it could be considered a form of rent seeking.

Answer:

house

Explanation:

Answer:

$7,202

Explanation:

Calculation for What should be the balance in Kent's deferred tax liability account as of December 31, 2021?

December 31, 2021 Deferred tax liability=$ 27,700 x 26%

December 31, 2021 Deferred tax liability=

= $7,202

Therefore What should be the balance in Kent's deferred tax liability account as of December 31, 2021 is $7,202

When Sylvia Baxter reaches an agreed-upon selling price, it means that she and the buyer have negotiated and come to a mutual agreement on the price at which the item or property will be sold, and they have signed a legally binding sales agreement or contract.

Based on the information you provided, Sylvia Baxter has reached an agreed-upon selling price for a particular item or property. This means that she and the buyer have come to a mutual agreement on the price at which the item or property will be sold.
When negotiating a selling price, it's important for both parties to consider several factors, such as the current market value of the item or property, its condition, and any unique features or attributes that may affect its value. Additionally, both parties should be clear about any terms and conditions of the sale, such as the date of transfer of ownership, any repairs or renovations that need to be made before the sale, and any financing or payment arrangements.
Once the selling price has been agreed upon, both parties will typically sign a sales agreement or contract that outlines the terms of the sale. This document serves as a legally binding agreement between the buyer and seller and ensures that both parties are aware of their rights and obligations.
In summary, when Sylvia Baxter reaches an agreed-upon selling price, it means that she and the buyer have negotiated and come to a mutual agreement on the price at which the item or property will be sold, and they have signed a legally binding sales agreement or contract.

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Portfolio 1: Expected Return 1: 19.6% , Total Risk (σ1): 5.5%

CAPM Expected Return 1: 51%, CAPM Total Risk (σ1): 49.5

Portfolio 2: Expected Return 2: 19.2%, Total Risk (σ2): 4.7%

   CAPM Expected Return (E(R2)): 50%, CAPM Total Risk (σ2): 48.1

a) Portfolio Risk and Return Calculation:

Using Portfolio Theory:

For Portfolio 1: Expected Return 1 = (Weight A * Return A) + (Weight B * Return B) + (Weight C * Return C) + (Weight D * Return D) Expected Return (E(R1)) = (0.1 * 18%) + (0.4 * 20%) + (0.3 * 22%) + (0.2 * 16%)

= 1.8% + 8% + 6.6% + 3.2%

Expected Return 1 = 19.6%

Total Risk (σ1) = √[(Weight A^2 * Risk A^2) + (Weight B^2 * Risk B^2) + (Weight C^2 * Risk C^2) + (Weight D^2 * Risk D^2)] Total Risk (σ1) = √[(0.1^2 * 7^2) + (0.4^2 * 9^2) + (0.3^2 * 12^2) + (0.2^2 * 13^2)]

= √[0.49 + 12.96 + 10.08 + 6.76] Total Risk (σ1) = √30.29

Total Risk (σ1) = 5.5%

For Portfolio 2: Expected Return 2 = (0.2 * 18%) + (0.4 * 20%) + (0.2 * 22%) + (0.2 * 16%)

= 3.6% + 8% + 4.4% + 3.2%

Expected Return 2 = 19.2%

Total Risk (σ2) = √[(0.2^2 * 7^2) + (0.4^2 * 9^2) + (0.2^2 * 12^2) + (0.2^2 * 13^2)]

= √[0.98 + 12.96 + 2.88 + 5.32]  = √22.14

Total Risk (σ2) = 4.7%

Using CAPM:

For Portfolio 1: Expected Return 1 = Risk-Free Rate + (Beta A * Market Risk Premium) + (Beta B * Market Risk Premium) + (Beta C * Market Risk Premium) + (Beta D * Market Risk Premium) Expected Return (E(R1))

= 5% + (0.7 * (15% - 5%)) + (1.2 * (15% - 5%)) + (1.3 * (15% - 5%)) + (1.4 * (15% - 5%))

= 5% + (0.7 * 10%) + (1.2 * 10%) + (1.3 * 10%) + (1.4 * 10%)

= 5% + 7% + 12% + 13% + 14%

Expected Return 1 = 51%

Total Risk (σ1) = Beta-Weighted Standard Deviation = (Beta A * Risk A) + (Beta B * Risk B) + (Beta C * Risk C) + (Beta D * Risk D)

= (0.7 * 7) + (1.2 * 9) + (1.3 * 12) + (1.4 * 13)

= 4.9 + 10.8 + 15.6 + 18.2

Total Risk (σ1) = 49.5

For Portfolio 2: Expected Return 2 = 5% + (0.8 * (15% - 5%)) + (1.1 * (15% - 5%)) + (1.2 * (15% - 5%)) + (1.4 * (15% - 5%))  

= 5% + (0.8 * 10%) + (1.1 * 10%) + (1.2 * 10%) + (1.4 * 10%)

= 5% + 8% + 11% + 12% + 14%

Expected Return 2 = 50%

Total Risk (σ2) = (0.8 * 7) + (1.1 * 9) + (1.2 * 12) + (1.4 * 13)

= 5.6 + 9.9 + 14.4 + 18.2

Total Risk (σ2) = 48.1

Based on these metrics, Portfolio 2 appears to be more efficient since it has a slightly lower total risk while still offering a high expected return.

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Answer:A

thats the one

Explanation:

McDonals is the example of multichannel retailer as the company is providing burgers and fries to its different outlets and in diffrent food ordering sites in many countries.

The technique of selling similar products over multiple channels and platforms is known as multichannel commerce.

The platforms can be both online and offline, with different channels such as brick and mortar stores, online stores, mobile stores, and mobile app stores.

Thus, McDonals is the example of multichannel retailer.

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Answer:B

Explanation:

CrowdStrike's appointment indicates long-term success because it suggests that the company has a positive workplace culture and values which can lead to higher employee retention rates and increased productivity.

As CrowdStrike's is recognized as top employer by a prestigious publication, Forbes can enhance its reputation and brand image which can help attract top talent and retain current employees.

This inclusion also indicates that the company is dedicated to providing a positive work environment and investing in its employees' well-being. All this can result in higher job satisfaction, increased employee engagement and improved productivity which can all contribute to the company's long-term success.

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Answer:

2°F, or ±1.0°C

Explanation:

Answer:

Hot or energized

Explanation:

When there is a break in an electric tool's insulation or wiring, the tool's metal may become electrically charged or "live."

This situation is commonly referred to as an electric shock hazard. If a person comes into contact with the tool's metal while it is electrically charged, they can receive an electric shock which can lead to serious injuries or even be fatal.

Proper insulation and regular maintenance of electric tools are crucial to prevent such hazards. Using Ground Fault Circuit Interrupters and ensuring a safe electrical environment can significantly reduce the risk of electric shock and ensure the safety of individuals using electric tools.

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Together, they create coding for GPS systems. Alex is part of global team. The Option C.

Alex is part of a global team, where her teammates are located in different countries like Israel, Germany, and India. This type of team structure allows them to collaborate and create coding for GPS systems while being geographically dispersed.

These global teams leverage diverse perspectives and skills from various regions contributing to a rich and innovative work environment.

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Answer:

focus on the goods being made

a. The Income Statement for the year ended 31 December 2021 is RM80,360.

b. The Statement of Financial Position as at 31 December 2021 is RM206,645.

a) Income Statement for the year ended 31 December 2021:

Sales: RM199,070

Less: Sales returns: RM2,050

Net Sales: RM197,020

Cost of Goods Sold:

Opening Inventory: RM32,200

Purchases: RM73,500

Less: Purchases returns: RM2,120

Add: Carriage inwards: RM3,570

Goods Available for Sale: RM107,150

Less: Closing Inventory: RM18,180

Cost of Goods Sold: RM88,970

Gross Profit: RM197,020 - RM88,970 = RM108,050

Operating Expenses:

Discount allowed: RM2,550

Salaries: RM16,100 + RM140 = RM16,240

Electricity bills: RM5,400 - RM500 = RM4,900

Custom duty on purchases: RM3,000

Insurances: RM450

Maintenance expenses: RM3,300

Total Operating Expenses: RM30,340

Net Profit before Non-operating Items:

Gross Profit - Operating Expenses: RM108,050 - RM30,340 = RM77,710

Non-operating Items:

Interest received: RM450

Commission received: RM2,600 - RM400 = RM2,200

Total Non-operating Items: RM2,650

Net Profit before Tax:

Net Profit before Non-operating Items + Total Non-operating Items: RM77,710 + RM2,650 = RM80,360

b) Statement of Financial Position as at 31 December 2021:

Assets:

Non-current Assets:

Motor vehicles: RM90,000 - (RM90,000 * 15%) = RM76,500

Fixtures & fittings: RM48,500 - (RM48,500 * 10%) = RM43,650

Total Non-current Assets: RM120,150

Current Assets:

Inventory: RM18,180

Account receivables: RM37,700 - (RM37,700 * 5%) - RM700 = RM35,815

Prepaid electricity bills: RM500

Cash in hand: RM6,800

Cash at bank: RM25,200

Total Current Assets: RM86,495

Total Assets: RM206,645

Liabilities and Equity:

Equity:

Capital: RM50,000

Retained Earnings: RM80,360

Total Equity: RM130,360

Current Liabilities:

Account payables: RM48,650

Bank loan: RM50,000

Total Current Liabilities: RM98,650

Total Liabilities and Equity: RM206,645

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My goal is to assist users in finding information they are looking for and to help them with their tasks and projects to the best of my abilities.

Projects refer to temporary and unique endeavors designed to achieve specific goals and objectives within a defined time frame. They are often initiated to solve problems or capitalize on opportunities in various industries and sectors, such as construction, information technology, healthcare, and education. Projects typically have a defined scope, budget, timeline, and resources allocated to them, and they are executed by a project team or individuals with specific roles and responsibilities. Examples of projects may include building a new bridge, developing a software application, launching a marketing campaign, or organizing a conference. Successful project management requires careful planning, effective communication, and the ability to adapt to changing circumstances and constraints to deliver the desired outcomes.

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Answer:

Facilitator

Explanation:

Facilitators manage the meeting process.

Hope that helps!

The four ways that John can embed culture in Thrifty Tire are as follows:

Corporate culture encompasses the following:

Corporate culture refers to the interaction of a company's employees and management in handling customers based on acceptable beliefs and behaviors.

John can embed the corporate culture of Thrifty Tire by ensuring that the accepted corporate values and behaviors are properly documented for easy accessibility to the workers and managers.

John can also ensure that written documents by the company continue to retell the corporate values, making them alive in the present.

John can request workers to contribute ideas to the effective running of the company, thereby ensuring their buy-in.

A checklist of corporate values in fliers and other easily accessible documents issued by the company, including at notice boards and displays will entrench the values in the employees.

Thus, John needs to do more by not only talking about the corporate values but practically reinforcing them on every occasion.

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