Answer:
In 2008 a California man named Gladwin Gill was sentenced to a year in prison for making $66,700 in conduit contributions to presidential candidates, two United States Senate candidates, and a political committee endorsing a U.S. House of Representatives candidate..
In 2008, Gladwin Gill, a resident of California, was convicted and sentenced to one year in prison for orchestrating $66,700 in conduit contributions to various political candidates.
These contributions were made to presidential candidates, two candidates running for the United States Senate, and a political committee that endorsed a candidate for the U.S. House of Representatives. Conduit contributions involve using intermediaries to funnel money into political campaigns, with the intention of hiding the true source of the funds. This practice is illegal because it undermines campaign finance regulations designed to ensure transparency and prevent corruption.
Gill's actions were viewed as a violation of election laws, as he attempted to bypass contribution limits and manipulate the political process by disguising the true origin of the funds. As a result, he faced legal consequences to uphold the integrity of campaign finance laws. Calculating the total amount of conduit contributions, which amounted to $66,700, helped shed light on the extent of Gill's illegal activities and reinforced the seriousness of the offense.
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Restricting imports of Brazilian shoes will__________.
a. raise the price of both Brazilian and domestically produced shoes
b. raise the price of Brazilian shoes but lower the price of domestically produced shoes
c. lower the price of Brazilian shoes but raise the price of domestically produced shoes
d. lower the price of both Brazilian and domestically produced shoes
e. benefit the producers of shoes in Brazil
Answer:
a. raise the price of both Brazilian and domestically produced shoes
Explanation:
Restricting imports of Brazilian shoes will raise the price of both Brazilian and domestically produced shoes
A BD is a member of a selling syndicate in a firm commitment underwriting of a "hot" issue. The BD holds back 25% of its allotment for future sale at an expected higher price. This conduct by the BD is:
Answer:
[B]
Explanation:
Based on the information provided within the question it can be said that this conduct by the BD is both unethical and not permitted under NASAA and USA's Uniform Securities Act Regulations. This is because a BD has the responsibility to make a bona fide public offering of the stock as soon as it is available. Holding onto that stock in order to later sell at a higher profit is referred to as "freeriding" and is illegal.
Final answer:
When a BD holds back 25% of its allotment in a firm commitment underwriting of a 'hot issue' for a future sale at a higher price, it is engaging in over-allocation, which can raise ethical and regulatory concerns.
Explanation:
A BD (Broker Dealer) that holds back 25% of its allotment in a firm commitment underwriting of a 'hot issue' for future sale at an expected higher price is engaging in a practice called withholding shares or over-allocation. In a firm commitment underwriting, the underwriters, such as the BD, purchase securities from the issuer with the intention to resell them to the public.
When the issue is 'hot,' meaning it is expected to perform well and be in high demand, the practice of holding back shares might be done in anticipation of profiting from a rise in the market price. However, this conduct may raise ethical and regulatory concerns, as it could be seen as manipulating the market or unfairly withholding shares from the public that otherwise would have had access to invest in the offering from the onset.
In the split labor market theory, the group that gains the most from discriminatory institutions is:
Answer:
dominant group workers
Explanation:
From spilt labour market theory workers like natives, or part of unions in market enjoy full rights and demand higher wages and sometimes using their political power they exclude low paid workers from market.
Match the following intangible assets to their definitions by writing the respective alphabet (A-E) on the line.
Part A:
a. Patents
b. Goodwill
c. Trademarks and trade
d. Franchises and licenses
e. Copyrights
Part B:
1. Distinctive identifications of products or services
2. The excess of the cost of purchasing another company over the sum of the market values of the acquired company’s net assets
3. Give holder the exclusive rights for 20 years names to produce and sell an invention
4. Exclusive rights to reproduce and sell a book, musical composition, film, or other work of art
5. Privileges granted by a private business or a government to sell a product or service in accordance with specified conditions
Answer:
a. Patents: 3.
b. Goodwill : 2
c. Trademarks and trade: 1
d. Franchises and licenses: 5
e. Copyrights :5
Explanation:
a. Patents: 3. A patent is a group of rights of an invention given for a period of time, normally to its inventor in order to sell, produce and use his product with exclusivity leaving aside the competitors.
b. Goodwill : 2 the goodwil in business is calculated as the adquisitoin cost of a business minus the intangible and tangibles assets and liabilities obtained in the purchases
c. Trademarks and trade: 1 A trade mark is a logo, drawion, word or phrase tahat identifies a product or a services among others.
d. Franchises and licenses: 5 Is a type of business (for example Mc Donald's) where one (the franchisor) gives the fanchisee the right to use it's trademark and business model and processes in exchange of licensing fees.
e. Copyrights :5 the copyrights protects tha author of an artistic work in order not to be reproduced without its permission
A corporation has issued 10% convertible debentures, convertible into 40 shares of common stock. The current market price of the common stock is $25.25. If the bonds are trading at parity, they are priced at: A 100 B 101 C 106 D 107
Answer:
(B) 101
Explanation:
The bonds are convertible into 40 shares of common stock.
The current market value of the common stock is $25.25
The parity price of the bonds will be 40 x $25.25 = $1,010.
The bonds are trading at parity so they are priced at $1,010 = $1,010
Per bond = 101.
Answer:
B. 101
Explanation:
First, we establish that the bonds are convertible into common stock of 40 share.
Secondly, the established current market price of the common stock is $25.25.
Therefore, calculate the Market price of the bonds upon conversion to stock
= 40 shares x $25.25 = $1,010
The bonds are trading at parity, therefore, they will be priced as follows;
Market Price x Conversion Ration (10%)=
$1,010 x 10 % = $1,010 x 0.10
= $101
N.B. Parity Price: this represents the price at which to assets are said to be equal in value. In our question, the parity price is the price at which the Convertible bonds are said to be equal in value to common stock shares and this price is the most beneficial point for such convertible bonds to be converted to common stock
Roberta is 25 years of age, healthy, and pregnant. Based on this information, her body is in ____ nitrogen balance. A. PositiveB. InverseC. NegativeD. Activated ..
Answer: Positive
Explanation:
The net change in total body protein is called Nitrogen balance. Neutral Nitrogen balance exists in a healthy adult. While positive Nitrogen balance exists during pregnancy. Therefore from the information in the question, Roberta will exhibit a Positive Nitrogen balance.
Owners of a bowling alley have determined that the price elasticity of demand for bowling by seniors is –3.0, while the price elasticity of demand for others is –1.8. How much more should others be charged than seniors?
Others should be charged more than seniors at the bowling alley due to seniors' higher price elasticity of demand. For pharmaceutical pricing, a price should be lowered if demand is elastic (greater than 1) and raised if demand is inelastic (less than 1). Bread is an inferior good as consumption decreases with an increase in income.
The bowling alley scenario outlines that seniors have a higher price elasticity of demand at -3.0, compared to -1.8 for others. Price elasticity of demand measures how sensitive the quantity demanded is to a change in price. With a higher absolute value of price elasticity, seniors are more responsive to price changes.
Since seniors are more price-sensitive, they will likely reduce their bowling frequency significantly if prices increase. Others, with a lower price elasticity, are less sensitive to price changes and will not reduce their bowling frequency as much. Therefore, to maximize revenue without losing too much demand, the bowling alley should charge others more than seniors, capitalizing on the less elastic demand group's willingness to pay.
In terms of pricing advice for a pharmaceutical company with elastic demand for their product (1.4 elasticity), they should lower the price to increase total revenue. However, if the elasticity is 0.6, they should raise the price, as demand is inelastic and greater revenue is obtained with higher prices. At an elasticity of exactly 1, price changes do not affect total revenue, so they could maintain the current price.
For UPS or FedEx, understanding the gasoline price elasticity of supply is crucial for anticipating and planning for fuel cost changes, which are a significant part of their operational expenses. The elasticity tells how responsive the quantity of gasoline supplied is to a change in its price, affecting their cost structure and potentially their pricing strategies.
Income elasticity of demand for bread is calculated using the formula: Percentage change in quantity demanded / Percentage change in income. Since bread consumption fell when income rose, the income elasticity would be negative, indicating that bread is an inferior good, as consumption decreases when income increases.
If demand shifts to the right when income increases, we can conclude that the good is:_____
Answer:
A normal good
Explanation:
Normal goods are goods that are demanded as income level rises. With a higher income level, a rational consumer is expected to have more purchasing power and demand more of a good that is considered normal (hence the name).
Goods that are demanded less as income rises are termed inferior goods. They are the direct opposite of normal goods.
A person will be deemed to be transacting insurance when the person advertises on the internet, and does any of the following, except:
A. Communicates with a California resident regarding one or more terms of an agreement to provide insurance on an insurance policyB. Accepts an application for coverage from a California residentC. Communicates an invitation to inquireD. Provides an insurance premium quote to a California resident
Answer:
C
Explanation:
A person will not be deemed to be transacting insurance when he/she communicates an invitation to inquire.
Communicating an invitation to inquire is the action that does not deem a person to be transacting insurance when advertising on the internet. This is distinct from other actions such as discussing agreement terms, accepting applications, and providing premium quotes.
Explanation:A person will be deemed to be transacting insurance when they advertise on the internet and perform certain actions. These actions include: communicating with a California resident about insurance agreement terms, accepting insurance applications, and providing insurance premium quotes. However, the action that does not deem a person to be transacting insurance is communicating an invitation to inquire. This is because simply inviting someone to ask questions about insurance does not necessarily mean that they are engaging in the business of insurance. Insurance companies face challenges in the market, such as adverse selection, and government laws and regulations may influence their operations, including the requirement for certain risk groups to purchase insurance even if it's at a higher rate.
Which of the following theories proposes that people prefer to feel they have control over their actions, so anything that makes a previously enjoyed task feel more like an obligation than a freely chosen activity will undermine motivation?
A) two-factor theory
B) goal setting theory
C) motivation-hygiene theory
D) self-serving theory
E) self-determination theory
Answer:
E) self-determination theory
Explanation:
Theory of self-determination (SDT) is a broad structure for human motivation and personality research.
It articulates a meta-theory for defining inspirational research, a structured theory defining inherent and diverse motivational sources, as well as a description of both the respective positions of intrinsic and kinds of extrinsic motivation in cognitive and social progress and individual differences.
More specifically, the SDT recommendations often concentrate on how cultural and social influences, in relation to their well-being and the quality of their success, promote or undermine the sense of will and initiative of people.
____ can be defined as the degree to which an obtained measure represents the true level of the trait being measured.
Answer:
let try validity as the rightful answer.
An ad for Campbell's Cream of Mushroom Soup shows pictures of dishes prepared using this soup, with a link to Campbell's website for the recipe and instructions. This illustrates:A. positioning by attributes/benefits.B. positioning by price/quality.C. positioning by product user.D. positioning by product class.E. none of the above.
Final answer:
Campbell's advertisement using images of dishes made with their Cream of Mushroom Soup is an example of positioning by attributes/benefits, emphasizing the soup's versatility and convenience for cooking. Historically, Campbell's has been innovative in displaying their products' appealing attributes, as seen in the 1960s vegetable soup ads with marbles to make the soup look more appetizing.
Explanation:
The advertisement showing pictures of dishes prepared using Campbell's Cream of Mushroom Soup with a link to their website for recipes illustrates positioning by attributes/benefits. This positioning strategy uses the physical aspects of a product - in this case, the versatility and convenience of the soup to make various dishes - to differentiate it in the market and appeal to consumers. Campbell's advertising tactic creates an image of the product that highlights certain desirable attributes, such as the ability to easily create delicious meals.
In reference to historical facts, in the 1960s, Campbell's used a clever technique in their magazine advertisements for vegetable soup by placing marbles in the bowl before adding the soup, ensuring that the bowl appeared full of vegetables and the product looked more appetizing. This kind of ingenuity in marketing speaks to the company's dedication to presenting their product's attributes in the best possible light.
At your first meeting with Alex, you ask to see his most recent financial statements so that you can get an overall assessment of the restaurant's financial health. Alex looks at you blankly and says, "I'm a chef, not an accountant, and I don't know what financial statements you're talking about. Can you explain to me?" What should your response be?
Answer:
The two main financial statements are the income statement and the balance sheet.
In the income statement all the revenue and the expenses should be accounted for, resulting in net profits or net losses. The income statement shows how the restaurant has been performing over a given period (usually a year).
The balance sheet is like a photo of the restaurant itself at a specific point in time. The balance sheet shows what assets the restaurant has, how much money it owes and what percentage of the business really belongs to the owners.
The other two financial statements are the statement of owner's equity and the statement of cash flows, but they are more complicated to explain and not that basic for a small business.
A person with anorexia nervosa is likely to Multiple Choice
1. come from a low socioeconomic class.
2. grow up in a perfectionistic home with very high expectations.
3. come from a loose, flexible home.
4. have a mother with a healthy view of the body and food habits.
Answer:
2. grow up in a perfectionistic home with very high expectations.
Explanation:
1- There is no relation with economic conditions
3- There are no relation with how home is flexible
4- If we check where problem comes from and decided that mother can be the reason then even mother has a healthy body we expect person to be normal.
2- Grow up with very perfectionist and expecting lots of issues then anorexia might occur.
The GDP gap is the difference between potential output at ______________ employment and the current or a given output..
Answer: full
Explanation:
GDP gap is the difference between actual output and potential output. It is the difference between the potential output an economy is capable of producing when all factors of production are fully employed and the current output of the economy.
I hope my answer helps you.
According to the Securities Act of 1933, a pooled investment fund will be classified as a federal covered security if it is____________.
Answer:
If it is registered as an Investment Company under the Investment Company Act of 1940
Explanation:
The Investment Company Act of 1940 represents a Federal Government regulation that is recognised by the 1933 Securities Act. According to the Investment Company Act, a mutual fund is considered a federal covered security when it is registered as an investment company.
An investment company represents a trust or a corporation whose main business is to invest the pooled capital of investors in financial securities. Investment companies carry out their business either through an open end fund or a closed end fund.
Final answer:
A pooled investment fund is classified as a federal covered security if it is registered under the Investment Company Act of 1940. Mutual funds are common examples of such funds, widely held by US households as part of their financial investments. The SEC oversees these funds to ensure transparency and protect investors.
Explanation:
According to the Securities Act of 1933, a pooled investment fund will be classified as a federal covered security if it is registered under the Investment Company Act of 1940 and is offered to the public or sold in a public offering. Mutual funds typically fall under this category because they are regulated investment products. These funds consist of a portfolio of stocks, bonds, or other securities, which gives individual investors access to a diversified set of investments. Mutual funds are popular financial investments; for instance, in 2021, just over 47% of U.S. households had financial investments in mutual funds, often as part of retirement savings or pension plans.
The creation of the Securities and Exchange Commission (SEC) in 1934 further reinforced this regulatory framework to protect investors by requiring issuers of securities, such as mutual funds, to register and disclose necessary financial information. The goal of these regulations is to prevent fraud and promote transparency in the financial markets.
Citing the recent increase in earnings by several computer companies, economists feel that a cycle has begun in which personal computer users, especially corporate consumers, are replacing their PCâs with more powerful models.
A. A cycle has begun in which personal computer users
B. A cycle for personal computer users has begun in which they
C. There is a cycle beginning for personal computer users
D. It is the beginning of a cycle for personal computer users
E. Personal computer users are in the beginning of a cycle when they
Answer:
The correct option is A
Explanation:
If we take a look at Subject/Verb agreement, pronoun agreements, and modifying phrases, we can see that option A tests OK for all the above tests.
In option B, using the word "they" is a wrong pronoun and does have a referent. Hence this option is also wrong.
Option C and D: The statement clearly states that users are replacing their PCs and hence using the prepositional phrase "beginning" with "for" makes this option invalid.
Option E: It is not personal computer users that are in the beginning of the cycle so this is a logically wrong.
Barney, a manager, is very conventional, resistant to change, habitual, and does not accept new ideas very easily. This implies that Barney has:
Answer:
This implies or states to low openness to experience
Explanation:
Low openness to experience, it is related to people who are mostly dedicated to work they do and make sure that their tasks or work through to the end.
So, in this case, Barney, who is the manager is very resistant to adapt the change, very conventional and does not accept the new ideas so easily. This states that the manager, is very low for experiencing the openness or to the new ideas.
Barney's management style, which is conventional and resistant to change, implies a work environment with little flexibility, resist new ideas, and may lack incentives for enhancing work performance. Embracing change and innovation, and encouraging staff creativity could improve his team's motivation and productivity.
Explanation:Barney, the manager in question, exhibits traits that suggest a reluctance to embrace change and innovation. His being conventional, resistant to change, habitual, and unwilling to accept new ideas aligns with a management style that has little flexibility, a large bureaucracy, and possibly creates an environment with a lack of incentive to work hard or better. In such a setting, team members may find it challenging to propose innovative solutions or improvements, as they could expect resistance or a lack of supportive mechanisms to bring new ideas to fruition.
Furthermore, Barney's management style could discourage employees from going above and beyond their regular duties due to a possible lack of recognition or rewards for exceptional performance. In order to improve this workplace dynamic, it would be beneficial for the management to adopt measures that encourage flexibility, support creative thinking, and provide incentives for staff to improve their work and productivity.
Los Amigo Inc., a clothing manufacturer, believes that employees must be paid above the average market rate. The company aims to provide good customer service and to increase its sales. In this case, which of the following is most likely the reaction of employees working at Los Amigo?
a. The employees will be motivated to work hard.
b. The employees will put less effort at work.
c. The employees will find their jobs less challenging.
d. The employees will find a way to increase their outcomes bystealing.
e. The employees will resign from their current jobs.
Answer: The employees will be motivated to work hard.
Explanation:
The staff of Los Amigo Incorporated, would be highly motivated to discharge their duties at their workplace and to put in extra effort, because they are better paid than their counterparts in other companies.
The increase in salaries, would take the company closer to achieving it's goal of better customer service and increased sales.
Effective and efficient maintenance of records requires records management support personnel within______________.
Records management support personnel within an organization ensure efficient record maintenance by creating, storing, and retrieving records, thereby promoting operational efficiency and compliance with record-keeping laws.
Explanation:Effective and efficient maintenance of records requires records management support personnel within an organization. These individuals are responsible for creating, storing, and retrieving records as needed. They ensure that the organization's record system operates smoothly, which supports operational efficiency and compliance with laws and regulations for record keeping.
Good records management practices help organizations avoid lost or misplaced records, protect sensitive information, and save space and resources by disposing of records that are no longer needed. Functioning within all levels of the organization, these personnel can include data clerks, record analysts, and IT specialists, all working together to maintain a productive and compliant records management system.
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Margaret, HR manager at Frexotel Inc., recruits her cousin Linda as production manager in the company. This results in resentment among several of the company's employees. This practice of hiring relatives is called _____.Multiple Choice1. nepotism2. localism3. abstractionism4. voluntarism5. structuralism
Answer: Nepotism
Explanation: Nepotism is an act of granting special privileges to one's friends and family especially during
recruitment or any other opportunity. It entails using one's power to secure juicy opportunities for one's relatives, especially when they are not qualified for such opportunity. Nepotism is also an act of partiality in order to favour one's friends or relative or candidate over others.
The word "nepotism" is an Italian word and it advanced from the Italian word for nephew. It originated in the mid 17th century when popes and other religious leaders were in the habit of displaying favouritism towards their family members at the expenses of others.
Types of nepotism.
• Nepotism at work place or employment nepotism.
• Political nepotism.
• Organizational nepotism.
Donna has a home currently worth $142,000, for which she still owes $63,000 on her mortgage. She has $18,000 in student loan debt and $13,000 in credit card debt. She likes to keep an emergency fund, so she has $1000, in a savings account. Her annual salary this year will be $44,000. What is Donna's net worth?
Answer:
$49,000
Explanation:
Donna's net worth is the total value of her assets minus the total value of her liabilities.
Donna's total assets = $142,000 + $1,000 = $143,000
Donna's total liabilities = $63,000 + $18,000 + $13,000 = $94,000
Donna's net worth = $143,000 - $94,000 = $49,000
The manager is responsible for training you about food safety in your job duties. These duties include preventing foodborne illness by: a. Timing food preparation to be ready for wait staff to serve b. Keeping you productive during your entire work shift c. Storing food in a manner to prevent contamination d. Keeping food costs down by reducing food waste
Answer:
The correct answer is C
Explanation:
Food safety is used as the scientific discipline, which describe the storage, handle or preparation of the food, in a manner or way which prevent the illness of the food borne.
When the training is provided on the food safety, the one and the foremost thing is to guide or make aware on preventing the contamination on the food by storing the food in such a way that it will prevent the same.
In Baer Food Co.’s Year 3 single-step income statement, the section titled Revenues consisted of the following: Net sales revenue $187,000 Discontinued operations: Income from operations of component unit (including gain on disposal of $21,600) 18,000 Income tax (6,000) Interest revenue 10,200 Gain on sale of equipment 4,700 Total revenues $213,900 In the revenues section of the Year 3 income statement, Baer Food should have reported total revenues of
Answer:
Total revenue will be equal to $201900
Explanation:
We have given net sales revenue = $187000
Interest revenue = $10200
Gain on sale equipment = $4700
We have to find the to total revenue
Total revenue is given by
Total revenue = net sales revenue + interest revenue + gain on sdale equipment = $187000+$10200+$4700 = $201900
So total revenue will be equal to $201900
Final answer:
Baer Food Co. should have reported total revenues of $201,900, which includes net sales revenue, interest revenue, and gain on sale of equipment, excluding income from discontinued operations and income tax.
Explanation:
In calculating the total revenues on Baer Food Co.\u2019s Year 3 single-step income statement, we must consider only the items that are typically classified as revenues. The list provided includes net sales revenue, interest revenue, and gain on sale of equipment. Items such as income from discontinued operations and income tax should not be included in the revenue total as they are not considered operating revenues. Therefore, the correct total revenue calculation would be:
Net sales revenue: $187,000Interest revenue: $10,200Gain on sale of equipment: $4,700Adding these figures together gives us:
$187,000 (Net sales revenue) + $10,200 (Interest revenue) + $4,700 (Gain on sale of equipment) = $201,900
Therefore, Baer Food Co. should have reported total revenues of $201,900 in the revenues section of the Year 3 income statement.
A customer enters a bank branch where he has a savings account and is approached by the branch manager who asks: Are you interested in earning a higher rate of return"
Complete Question: A customer enters a bank branch where he has a savings account and is approached by the branch manager who asks: "Are you interested in earning a higher rate of return than we offer on our savings accounts? Let me introduce you to our securities representative." If the customer opens a securities account, which disclosure is NOT required to be made?
A. Securities products are not insured by the Federal Deposit Insurance Corporation
B. Securities products are not deposits or other obligations of the financial institution
C. Securities products are subject to investment risks, including possible loss of principal
D. Securities products are subject to taxation of income and capital gains
Answer:
D. Securities products are subject to taxation of income and capital gains.
Explanation:
Disclosure (D) in the question above is not required to be made since it is a known fact that taxes will be paid on the income from the securities just like almost any other income.
Cheers. happy holidays.
Joe came into a sizeable inheritance about 5 years ago. His investment advisor representative recommended putting the majority if the inheritance into a variable annuity, once Joe had maxed out other tax-deferred products. Joe has seen the funds in the variable annuity grow over the past 5 years, but he wants to know more about how the variable annuity works and where the increases in value originate. Which of the following is a good statement from the IAR related to how variable annuities grow?A) "Variable annuities appreciate in value as the stock of the issuer of the variable annuity goes up."B) "Variable annuities have a fixed pay-out rate which is determined at the time of investment. Investors can look back at their original documents related to the variable annuity to see what this pre-determined rate of growth is."C) "Variable annuities include investments in various products, normally mutual funds, so the value of the variable annuity will fluctuate with increases or decreases in the values of the products held within the variable annuity."D) "You should contact the issuer of the variable annuity to find out more information on how it works. I am simply your investment advisor."
Answer:
C) "Variable annuities include investments in various products, normally mutual funds, so the value of the variable annuity will fluctuate with increases or decreases in the values of the products held within the variable annuity."
Explanation:
Joe's investment adviser should have discussed what type of investment he was recommending and why he was recommending them. If Joe wants to know more about his investments, his IAR has a fiduciary obligation to explain how a variable annuity works.
Variable annuities are a type of investment vehicle, which allows tax deferral on investment growth. Variable annuities are called variable because the investor decides which investment he will take and the value of the investments vary in time.
Usually variable annuities include different mutual funds, and if the price of the shares of the mutual funds vary, so will the value of the annuity.
Borneo Inc. manufactures coffee. It used to sell its product in glass jars, but it has recently made its coffee more granular and packaged it in vacuum-packed cartons, which weigh less. This product is an example of
product diversification.
a new category entry.
product line extension.
a revamped product.
a new-to-the-market product
Answer: Revamped product
Explanation:
Borneo Inc has revamped their products, to enable them change it from the previous glass jar package to vacuum packed cartons and also to make their coffee more granular.
Revamping a product involves rebranding a product, to enable a producer add some desirable features to that product.
Dynatech issues 1,000 shares of $10 par value common stock at $12 per share. When the transaction is recorded, which accounts are credited? Common Stock $12,000 Common Stock $10,000 and Paid-in Capital in Excess of Par Value $2,000 Common Stock $10,000 and Gain on Stock Sale $2,000 Common Stock $10,000 and Retained Earnings $2,000
Answer:
Common Stock $10,000 and Paid-in Capital in Excess of Par Value $2,000
Explanation:
The journal entry to record the issuance of common stock is presented below:
Cash A/c Dr $12,000 (1,000 shares × $12)
To Common Stock $10,000 ($1,000-× $10)
To Additional Paid-in Capital in excess of par - Common Stock $2,000
(Being the issuance of stock is reported and the remaining balance i.e $2,000 is credited to the additional paid-in capital account)
While issuing the stock, we debited the cash account as there is a cash inflow and credited the common stock and additional paid-in capital account as the share is issued which affect the stockholder equity
The point with the largest vertical distance between the total revenue and total costs represents the point at which:
Answer:
The point with the largest vertical distance between the total revenue and total costs represents the point at which production is maximized and profit is maximized
Explanation:
Profit refers to the vertical distance between the total revenue and total cost. The largest vertical distance between the total revenue and total cost is the point at which production and profit are maximized.
Maximizing profit is achieved when the gap between total revenue and total cost is largest, determined by aligning the slopes of the revenue and cost curves.
The point with the largest vertical distance between the total revenue and total costs represents the point at which:
Maximizing profit occurs when the vertical gap between total revenue and total cost is the largest.This point can be identified by setting the slope of total revenue equal to the slope of total cost, where marginal revenue equals marginal cost.For a perfectly competitive firm, the optimal output level for maximum profit is where the total revenue curve and the total cost curve have the same slope.In a financial statement audit performed following AICPA Professional Standards, how frequently must an auditor test operating effectiveness of controls that appear to function as they have in past years and on which the auditor wishes to rely upon in the current year?
A. Monthly.B. Each audit.C. At least every second audit.D. At least every third audit.
Answer: The correct answer is "B. Each audit.".
Explanation: An auditor must prove the operational effectiveness of the controls that appear to function as they have in recent years and which the auditor wishes to rely on in the current year for each audit.
Answer:
gg
Explanation: