The statement that prejudice arises from a desire to maintain dominance and social hierarchies is a key tenet of social dominance theory, which examines the structures that perpetuate group-based social hierarchies.
Explanation:The claim that prejudice stems from people's desire to maintain dominance and social hierarchies is associated with social dominance theory. This theory proposes that societies maintain group-based hierarchies by promoting dominant groups and subordinating the others. It deals with power dynamics within a society and examines how these hierarchies are perpetuated across various social systems, such as legal, cultural, or institutional structures.
On the other hand, theories like conflict theory and other perspectives on prejudice and discrimination focus on how dominant groups benefit by exploiting and oppressing subordinate groups, either for resources or to maintain the status quo. It describes how this imbalance of power and resources leads to social conflicts, often involving prejudice and discrimination.
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What is the difference between the law of supply and the law of demand
Answer:
The law of supply states that the quantity of a good supplied (i.e., the amount owners or producers offer for sale) rises as the market price rises, and falls as the price falls. Conversely, the law of demand (see demand) says that the quantity of a good demanded falls as the price rises, and vice versa.
Explanation:
Final answer:
The law of supply describes a direct relationship between price and the quantity supplied, leading to an upward-sloping supply curve. The law of demand describes an inverse relationship between price and the quantity demanded, represented by a downward-sloping demand curve. Understanding these laws is crucial for explaining market dynamics and price determination.
Explanation:
The law of demand and the law of supply are two fundamental principles that explain how prices fluctuate in a market economy. The law of demand states that, ceteris paribus (all other factors being equal), as the price of a good or service increases, the quantity demanded by consumers will decrease. Conversely, when the price decreases, the quantity demanded will increase. This inverse relationship between price and quantity demanded is depicted in a downward-sloping demand curve.
On the other hand, the law of supply describes a direct relationship between price and quantity supplied: as the price of a good or service increases, so does the quantity supplied by producers. This is because higher prices can translate to greater profit margins for producers, incentivizing them to produce more. This relationship is shown in an upward-sloping supply curve.
While the law of demand focuses on consumer behavior, the law of supply is based on producer behavior. Businesses respond to changes in prices by adjusting the quantity supplied according to the law of supply. Economic equilibrium is reached when the quantity supplied equals the quantity demanded at a certain price level. Understanding these laws helps to explain market dynamics and how prices are determined in the real world.
Young Company lends Dobson industries $40000 on August 1, 2022, accepting a 5-month, 9% interest note. If Young Company prepares its financial statements as of December 31, 2022, what adjusting entry must it make
Answer:
INTEREST RECEIVABLE - - - - - - - - - 1500
INTEREST REVENUE - - - - - - - - - - - 1500
Explanation:
Lent amount = $40,000
Interest rate = 9%
Duration = August 1 - December 31st = 5 months
Lent amount × interest rate × duration
$40,000 × 0.09 × (5/12)
= $1500
Adjustment :
INTEREST RECEIVABLE - - - - - - - - - 1500
INTEREST REVENUE - - - - - - - - - - - 1500
If it costs $100000 to put on an event for four weeks (28 consecutive nights) how much revenue per night is needed to make $20000” profit during this period
Answer:
the answer would 4285.7142 per night
Answer:
a) $10,714
Explanation:
i have a quiz with this question on it
Sound Design sells its computer speakers for $135 per set. Its variable cost is $85 per set of speakers. Fixed costs are $85,000 per month for volumes up to 2600 sets of speakers. Above 2600 sets, monthly fixed costs are $126,000. What is the budgeted operating income (loss) at a sales level of 2200 sets of speakers per month?
Answer:
$25,000
Explanation:
The formula to calculate operating income/(loss) is ;
Operating income/(loss)=Number of units x (sales price - variable cost) - fixed cost
Since the information below are given;
Number of sets/units= 2,200
Sales price= $135
Variable cost= $85
Fixed cost is $85,000 at a level of 2,200units.
Note: We will ignore the monthly fixed cost of $126,00 at 2,600 sets because it is greater than fixed cost of $85,000 at a level of 2,200 sets .
Therefore;
Operating income/(loss) =Number of units x (Sales price - Variable cost)
- Fixed cost
=2,200 x ($135 - $85) - $85,000
= $110,000 - $85,000
=$25,000
Therefore, the budgeted operating income/(loss) at a sales level of 2,200 sets is $25,000.
You have marked off your shop floor in a grid of 1 foot squares and labeled them with Cartesian coordinates. To perform one task, a worker must go from point (2,7) to point (4,5) then to point (10,6), then back to point (2,7). The worker walks in a straight line between points. How far does she have to walk? Round to the nearest whole number.
Answer:
C) 17 feet
Explanation:
The worker has to walk approximately 17 feet in total.
Explanation:The worker has to go from point (2,7) to point (4,5) then to point (10,6), then back to point (2,7). To find the straight-line distance, we can use the distance formula:
d = sqrt[(x2-x1)^2 + (y2-y1)^2]
Using the given coordinates, we can calculate the distance between each pair of points and sum them up:
d = sqrt[(4-2)^2 + (5-7)^2] + sqrt[(10-4)^2 + (6-5)^2] + sqrt[(2-10)^2 + (7-6)^2]
d = sqrt[2^2 + (-2)^2] + sqrt[6^2 + (1)^2] + sqrt[(-8)^2 + (-1)^2]
d = sqrt[4+4] + sqrt[36+1] + sqrt[64+1]
d = sqrt[8] + sqrt[37] + sqrt[65]
d ≈ 2.83 + 6.08 + 8.06 = 16.97
Rounding to the nearest whole number, the worker has to walk approximately 17 feet.
Bioplus Inc. has introduced a new anti-aging cream in the market with a price that is higher than those of similar products from its competitors. At which position should Bioplus Inc. include the price in its sales message?
Answer:
late in the message, after most of the advantages of a product have been discussed.
Explanation:
The stardard procedure for introducing a higher price especially for new products is to include it after sharing the advantages of the new product.
It is essential because the core message that people or intending buyers want to hear are the benefits of the new product and how it can work better than what they have been using before.
The pricing should come at a later stage after which most of the information have been shared and not at the begining otherwise , it will scare intending buyers away due to its high price coupled with the fact that there exist similar product for other brand with lower prices in the market.
Scenario:Juanita is a bilingual writer. She wants to start a business to offer translation services to other businesses that work in areas with a large Spanish-speaking population. She already has a computer and a good reputation in her own Spanish-speaking neighborhood, and she plans to work from home by herself.
Which type of business is best for Juanita to start?
a corporation, because she needs a large investment to get started
a sole proprietorship, because she will work alone from home
a franchise, because many others will want to start the same business
a cooperative, so that she and other translators can work together
ANSWER B
Answer:
A sole proprietorship, because she will work alone from home.
Explanation:
A sole proprietorship is the simplest forms of business, in this scenario a single person is operating his or her business all by himself/herself.
It means that the person is personally liable for any happening in the business and is liable for all the debts, if any.
In the question it is evident that Juanita already owns a computer and has a very good reputation for translation services, hence it would be the best for her from all the available options to choose to work as a sole proprietorship and work from home.
The advantages she will get by doing so will be:
1) She will be in full control of her work and will work according to her lifestyle.
2) No big or complex reporting requirements will be their for her, as in the case of big corporations.
3) She will have the minimal costs associated with this type of work since she doesn't have to invest anything, she already owns a working computer.
4) Lastly, she will have all the privacy to herself and work accordingly.
Hope this helps.
Goodluck.
If TeleCo were to enter into a strategic alliance with a partner that promised it could deliver a high quality wireless infrastructure when in fact the potential partner had neither the skills nor abilities to provide this infrastructure, TeleCo could be said to be impacted by _____________.
A. adverse selection
B. tacit collusion
C. moral hazard and tacit collusion
D. moral hazard
E. adverse selection and tacit collusion
Answer:
A, adverse selection
Explanation:
In the above question, selecting a company without the right skill and know how to supply the wireless cables and/or even install the cables has impacted the Teleco negatively.
Cheers.
What are two benefits of private property rights?
Answer:
Ethically Sound
Socio-economic Progress
Mariano Corporation sells 11,000 units of inventory during the first year of operations for $500 each. Mariano provides a oneminusyear warranty on parts. It is estimated that 4% of the units will be defective and that repair costs are estimated to be $50 per unit. In the year of sale, warranty contracts are honored on 100 units for a total cost of $5,000. What amount will be reported as Estimated Warranty Liability at the end of the year?
Answer:
Estimated warranty liability at the end of the year is $17,000
Explanation:
Number of units sold 11,000
Ist year operation $500 each
Rate of defective 4%
Repair cost $50 per unit
Units Honored 100
Total cost is therefore $5,000
The formula for estimated warranty is given as ;
Amount of estimated warranty=[(units sold x defective rate) - honored units] x repair cost
=[(11,000 x 4%) - 100] x 50
=[(11,000 x 0.04) - 100] x 50
=[440-100] x 50
=$17,000
When Cynthia's Boutique receives dresses, they already have price tags and are on hangers. Cynthia's Boutique receives ________ merchandise.
a. floor-ready
b. horizontal channel
c. just-in-time
d. repurposed
e. quick response
Answer:
a. Floor- ready
Explanation:
For some retail stores who are into selling of dresses, most of these dresses have already been pre-tagged and pre-ticketed with the necessary information like putting certain mark on them, to specify the price, colour, type etc before being delivered to these stores.
In floor ready merchandize, the products have already been prepared such that the retailer do not have to prepare anyother thing other than to display them for sale. Here, burden of having to put the price tag , ticket number is eased off the retailer.
The aim is to display the dress in the store the way it should be which ultimately leads to real time feeling and customer experience.
Using the allowance method of accounting for uncollectible receivables. April 1 Sold merchandise on account to Jim Dobbs, $7,500. The cost of the merchandise is $3,000. June 10 Received payment for one-third of the receivable from Jim Dobbs and wrote off the remainder. Oct. 11 Reinstated the account of Jim Dobbs and received cash in full payment.
Answer:kindly check attached picture for details
Explanation:
Using the allowance method of accounting for uncollectible receivables. April 1 Sold merchandise on account to Jim Dobbs, $7,500. The cost of the merchandise is $3,000. June 10 Received payment for one-third of the receivable from Jim Dobbs and wrote off the remainder. Oct. 11 Reinstated the account of Jim Dobbs and received cash in full payment.
Final answer:
The answer explains the allowance method for uncollectible receivables in accounting, including the creation and reversal of the allowance for doubtful accounts.
Explanation:
Allowance method for uncollectible receivables is used in accounting to estimate and account for potential losses from uncollectible accounts. In this method, a contra-account called allowance for doubtful accounts is created to offset accounts receivable, reflecting the estimated amount of uncollectible receivables.
For example, in the scenario provided, when the remainder of Jim Dobbs' receivable was written off, it was removed from accounts receivable and offset by the allowance for doubtful accounts, reflecting the recognition of a loss due to uncollectibility.
Eventually, when Jim Dobbs' account was reinstated and fully paid, the allowance for doubtful accounts would have been reversed, aligning the actual collection with the initial receivable amount.
On Monday, Neil tells Outdoor Landscaping, Inc., that he will pay Outdoor $500 if a variety of tasks are completed by Friday. On Wednesday, when Outdoor is more than half done with the work, Neil says that he has changed his mind. These parties had
Available Options:
a. an expired contract when Neil said that he had changed his mind.
b. a bilateral contract when Neil said that he would pay for certain work.
c. a unilateral contract as soon as Outdoor began to perform.
d. no contract.
Answer:
Option C. A unilateral contract as soon as Outdoor began to perform.
Explanation:
In a unilateral contract, the acceptance of the contract is only based on the performing of the contract.
The term of the offer includes that the acceptance would be considered if the other party completes the contract which in this case, we can see that the Outdoor Inc has started performing the contract and by the end of Friday, would probably finish its task. If Neil breaches the contract here, then he would be liable to compensate Outdoor as the contract was unilateral.
Which of the following statements is TRUE?
------------------------------------------------------------------
A. Mutual funds trade directly on stock exchanges while exchange-traded funds are purchased from a financial broker.
B. Mutual funds are actively managed while index funds are passively managed.
C. Index funds track major market indexes while exchange-traded funds do not.
D. Mutual funds invest exclusively in stocks while index funds do not.
Answer:
B. Mutual funds are actively managed while index funds are passively managed.
Explanation:
Mutual funds are defined as funds that are invested by a person who has limited funds in order to gain a market return on their shares. Mutual funds are actively managed investments. Mutual funds are invested within a short period of time. Examples of mutual funds includes bonds, shares, treasury bills e.t.c
For mutual funds, you don't need to have a large amount of knowledge to do it. Mutual funds are also called or known as open ended funds. They are sold publicly.
Exchange-traded funds are also known as index funds. They are passively managed investment funds that can be invested by a person for a long period of time. They are also referred to as closed ended funds that can be traded on the stock exchange market like normal stocks and shares.
Scenario: Sports Stuff Inc. Herb Graham is vice president of Sports Stuff Inc., a business that develops, manufactures, and markets sports products. The company is looking to expand its operations into the European market. Herb believes that if the company expands its product line to include products reflecting sports that are popular in Europe, the company will achieve success there. The board of directors of Sports Stuff is concerned with the firm's lack of experience in foreign markets. To minimize this problem, Herb recommends that the firm create a ________ with a local partner.
Answer:
Joint venture
Explanation:
A joint venture can be defined as a business arrangement in which two parties come together to achieve a purpose by combining resources of both parties.
A joint venture involves joint ownership of the business.
A joint venture is good because it helps with sharing of liabilities with a partner, access to knowledge, etc.
Cheers
Brainliest Week
Which of the following BEST explains why the government collects taxes in a mixed economy?
A The government collects taxes to keep the economy balanced.
B The government collects taxes because people cannot control their spending.
C The government collects taxes to provide public goods and services to its citizens.
D The government collects taxes to repay the debts incurred in funding military operations.
Answer:
A The government collects taxes to keep the economy balanced.
Explanation:
I had the same exact question on my test
and I answered A and got a 100
The government collects taxes in a mixed economy because to keep balance in an economy.
What is government?Government is an organized community is governed by a system or group of individuals, typically a state. Government often consists of the legislative, executive, and judicial branches in the case of its broad associative definition.
Modern democracies, monarchies, and authoritarian and totalitarian regimes are the main varieties of political systems.
The monarchy, the aristocracy, the democracy, the oligarchy, democracy, theocracy, and tyranny have all been common systems of government throughout history.
Mixed governments are widespread, and these kinds are not always mutually exclusive. Any philosophy of government must address how political power is attained, with electoral contests and hereditary succession being the two main methods.
Therefore, the option A is correct.
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Christine used $5,000 from her personal savings account to buy pottery tools for her business. The savings account paid 1% annual interest. Christine could earn $6,000 per year as a tax preparer. What is the annual accounting profit of her cookie jar business?
Complete question:
Christine is an artist who creates custom cookie jars. Her annual revenue from selling the cookie jars is $90,000. The annual explicit costs of the materials used to make the cookie jars are $54,000.
Christine used $5,000 from her personal savings account to buy pottery tools for her business. The savings account paid 1% annual interest. Christine could earn $6,000 per year as a tax preparer. What is the annual accounting profit of her cookie jar business?
Answer: $36,000
Explanation:
Amount from personal saving balance = $5000
Annual interest rate on saving = 1%
Annual revenue fro selling cookie jar = $90,000
Explicit cost of cookie jar materials = $54,000
Amount to be earned as a tax preparer = $6000
Accounting profit = Total revenue - Explicit cost
Accounting profit = $90,000 - $54,000
Accounting profit = $36,000
Final answer:
Christine's annual accounting profit from her custom cookie jar business, after deducting explicit costs from her total revenue, is $36,000. Implicit costs like lost interest and potential earnings elsewhere are not considered in this calculation.
Explanation:
To calculate Christine's annual accounting profit from her custom cookie jar business, we need to consider her annual revenue and explicit costs. Christine's annual revenue from selling the cookie jars is $90,000, and her explicit costs for materials are $54,000. The interest lost from her personal savings used to buy pottery tools ($5,000 at 1% annual interest) and her potential earnings as a tax preparer ($6,000) are considered implicit costs and are not factored into the calculation of accounting profit, which only considers explicit costs. Therefore, her accounting profit is calculated by subtracting the explicit costs from her total revenue:
Accounting Profit = Total Revenue - Explicit Costs
Accounting Profit = $90,000 - $54,000 = $36,000.
Which is a positive reason for using a credit card to finance purchases?
A) You won't have to budget for your credit card expenses
B) Paying it off on time can help build your credit history
C) You'll be able to spend a lot of money without paying it back
D) You will get charged high interest
The positive reason for using a credit card to finance purchases is that B) Paying it off on time can help build your credit history.
What is credit card?A credit card serves as a thin rectangular piece of plastic or metal which is been given to users by bank or financial services company.
This card allows cardholders to borrow funds and help to build your credit history.
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The best reason for using a credit card is that timely repayments help build a solid credit history. Every on-time payment gets reported to credit bureaus, enhancing your credit score, provided the use of the card is done responsibly. Option B is correct.
Explanation:The positive reason for using a credit card to finance purchases is option B) 'Paying it off on time can help build your credit history.' Proper use of a credit card is a powerful tool for building a solid credit history. Every on-time payment you make can be reported to the credit bureaus, showing a pattern of positive borrowing habits, which, in turn, significantly contributes to boosting your credit score. However, it is essential to remember that the key word here is ‘on-time’.
It's important to note that misusing a credit card, such as not budgeting for your expenses, spending more than you can afford to repay, or paying high amounts of interest, can harm your credit history and financial wellbeing.
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At Kelly's company there have been an abnormal amount of on-site accidents
from falls. She has seen the effects that these accidents can have on those
who have been injured. What is the best way for Kelly to prevent herself from
having an accident?
>
O A. Get hurt on purpose so that she can blame her employer
B. Move as quickly as possible to get through the work day
O C. Tell her supervisor that she doesn't feel safe
O D. Make sure she moves about carefully at the workplace
Answer:
d is correct
Explanation:
just took the test
The best way for Kelly to prevent herself from
having an accident is to D. Make sure she moves about carefully at the workplace.
What is accident ?An accident can be regarded as unfortunate incident which happens unexpectedly which do occur to produce damage or injury.
Therefore, from the excerpt, Kelly can moves about carefully at the workplace to prevent accident.
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Samantha has been asked to join a task force that is charged with boosting organizational productivity. First, she was asked to jot down ideas on how to increase productivity, and after that, the group met to discuss everyone’s ideas and come up with solutions together based on those suggestions. Samantha’s taskforce best exemplifies which creative problem solving method?A) Traditional brainstorming
B) Electronic brainstorming
C) Nominal group technique
D) Groupthink
Answer: Nominal group technique
Explanation:
Nominal group technique (NGT) can be defined as a structured method for a group brainstorming which encourages contributions from everyone and enhances quick agreement on the importance of issues, or solutions.
In nominal group technique, team members begin by writing down ideas, and then select the idea they feel is best. The nominal group technique identifies problems, and generates specific solutions that are needed for decision making.
You move 18% of your online checking account balance of $2,525 to your savings account. How much of your checking account did you transfer?
Answer:
$454.50
Explanation:
18% X $2525 = $454.5
The amount of $454.5 is transferred to a savings account.
What is a checking account and saving account?A checking account is used for accessing money on a daily basis which has less interest rate or no interest, at all while a saving account is used to save money in the bank, it has more interest rate.
Given:
Checking account balance=$2,525
Moving 18% of a checking account to a saving account
=Checking balance X 18%
=$2,525 X 18%
=$454.5
Therefore, it can be said that $454.5 is transferred to a savings account.
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If Korea is capable of producing either shoes for soccer balls or some combination of the two then a. Korea should specialize in the product in which it has an absolute advantage. b.It would be impossible for Korea to have an absolute advantage over another country in both products. c.Korea is efficient in the production of both goods. d.Korea's opportunity cost of shoes is the inverse of its opportunity cost of soccer balls.
Question:
If Korea is capable of producing either shoes or soccer balls or some combination of the two then a. Korea should specialize in the product in which it has an absolute advantage.
b. It would be impossible for Korea to have an absolute advantage over another country in both products.
c. Korea is efficient in the production of both goods.
d. Korea's opportunity cost of shoes is the inverse of its opportunity cost of soccer balls.
Answer:
d. Korea's opportunity cost of shoes is the inverse of its opportunity cost of soccer balls.
Explanation:
Opportunity cost is defined as the cost of choosing or picking particular option or alternative over another option or alternative.
In question, we are told that Korea is capable of producing either shoes or soccer balls or some combination of the two.
Therefore Korea would have to make a list of priorities also know as alternatives or options, to decide if
a. they would produce shoes,
b. or soccer balls
c. or a combination of both shoes or soccer balls.
This process described here is the process of Opportunity cost. Korea would then weigh their options and choose which is better for them either based on profit or any other reason.
Hence, Korea's opportunity cost of shoes is the inverse of its opportunity cost of soccer balls.
The correct answer is d. Korea's opportunity cost of shoes is the inverse of its opportunity cost of soccer balls.
Explanation:The correct answer is d. Korea's opportunity cost of shoes is the inverse of its opportunity cost of soccer balls.
An opportunity cost is the value of the next best alternative that must be forgone when making a decision. In this case, if Korea specializes in producing soccer balls, it will have to give up the opportunity to produce shoes, and vice versa. The opportunity cost of shoes is the inverse of the opportunity cost of soccer balls because they are mutually exclusive choices.
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The Ohio State studies narrowed the independent dimensions of leader behavior to two that substantially accounted for most of the leadership behavior described by employees: consideration and ________.
A. initiating structure
B. charisma
C. production orientation
D. employee orientation
E. confidence
Answer: A.) Initiating structure
Explanation: Independent leadership behavior described by employees according to the Ohio state studies narrowed down a leader's behavior to :
CONSIDERATION and INITIATING STRUCTURE
INITIATING STRUCTURE may be described as a leaders ability to effe tively and clearly define roles, duties and task of a group, clearly stating what is expected of both the followers and the leader while also providing adequate guideline for implementing and initiating the required task or allocated duties. Ensuring that that allocated schedules are met and allocated task meeet required standard.
Marta is a great manager and has a number of special skills. In particular, Marta has the ability to get his subordinates to do more than they would normally do, despite obstacles and personal sacrifice. Which kind of leader is Marta?
Complete/Correct Question:
Marta is a great manager and has a number of special skills. In particular, Marta has the ability to get his subordinates to do more than they would normally do, despite obstacles and personal sacrifice. Which kind of leader is Marta?
a. people-oriented
b. charismatic
c. supportive
d. transactional
e. production-oriented
Answer:
B, Charismatic.
Explanation:
A charismatic leader is one that encourages or motivates his/her followers to get things accomplished or change the way things are accomplished.
This kind of leaders use communication, force of personality and/or persuasion to get their followers to accomplish goals or targets.
In the case of Marta, her style of leadership is charismatic because she uses her special skill (which could include communication, persuasion, etc) to get her subordinates to do things that they would normally not do and even make them do more than they would normally do.
Cheers.
Don is a high-ranking manager in an advertising firm. He was recently offered a job with higher pay and more lucrative benefits by a rival firm. On coming to know about this, Don's employers decided to make him a(n) ________ matching the offer from their rival firm.
Answer:
Counteroffer
Explanation:
A counteroffer can simply be defined as an offer made in response to another offer.
From the question, Don gets a lucrative offer from a rival advertising firm for his services but his present company proposes the same offer to keep Don from going to a rival company. The offer proposed by his present company is called a counteroffer.
The management of an organization follows a projectized organizational structure. Which is an advantage of this structure?
A.
Clear line of authority lies with the functional manager of each division.
B.
Team members develop strong project loyalty and commitment with one reporting manager.
C.
Project managers can manage resources better with separate divisions.
D.
Team members have good communication within the team.
E.
Team members of each division have expertise and knowledge of their domain.
Answer:
The answer B
Explanation:
In a projectorized organizational structure the project manager has full authority. one advantage of a POS is that team members develop strong project loyalty and commitment with one reporting manager.
Sorry but the girl was wrong
In a projectized organizational structure, the main advantage is the development of strong project loyalty and commitment among team members. This is because there is a clear line of authority, streamlined decision-making, superior communication, and project-specific focus.
Explanation:In a projectized organizational structure, teams are organized around projects they are working on. One key advantage of this structure is option B, 'Team members develop strong project loyalty and commitment with one reporting manager.' In this structure, each project has a dedicated team and a single project manager, which allows for a clear line of authority, streamlined decision-making, and superior communication.
This enhances team commitment and loyalty to the project as there is clarity in roles and responsibilities. Teams become more focused and can align their efforts towards project-specific goals. Project loyalty is created, which fosters engagement and morale, ultimately driving the success of the project.
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When Oliver's Oil Company bills its customers, it has them send their payments to an address that is just for receiving payments, instead of directly to the company's mailing address. Although this system costs Oliver's Oil Company a lot of money, it is worth it because the company receives thousands of checks from customers each business day. What system is this company using to receive its payments
Answer:
A lockbox
Explanation:
Lock box system is a form of service rendered by banks in assisting companies to collect payments from their customers especially in a situation where large volume of transaction is involved
The company opens a postal mail opens a postal mail where he instructs all customers to send their payments, The bank the go to this mail to collect payments and proceed to process them into the customers account.
The short-run aggregate supply curve will decrease if:
A. the aggregate price level falls. commodity prices rise.
B. government tax revenues fall.
C. the aggregate price level falls, commodity prices rise, or if government tax revenues fall.
Answer: A. the aggregate price level falls. commodity prices rise.
Explanation: In short-run, the aggregate supply is usually a graph pointing upward and with a sloping curve. The short-run aggregate supply curve usually points upward sloping because it indicates quantity supplied which increases when the price rises. In the short-run, organisations usually have only one fixed factor of production which is capital.
Type the correct answer in the box. Spell all words correctly. Help Please!!!
Which non-cash expense is added back to the net profit in the indirect method of preparing a cash flow statement?
The indirect method of preparing a cash flow statement adds a non-cash expense, such as __________, to the net profit.
Final answer:
Depreciation is a non-cash expense added back to the net profit when preparing a cash flow statement using the indirect method.
Explanation:
The indirect method of preparing a cash flow statement adds a non-cash expense, such as depreciation, to the net profit. Depreciation is an accounting method to allocate the cost of a tangible asset over its useful life and is not a cash expense. By adding it back to the net profit, we adjust the profit for the expenses that did not actually result in a cash outflow during the period.
Final answer:
In the indirect method of cash flow statement preparation, the non-cash expense depreciation is added back to net profit to account for the reconciliation of net assets with actual cash flows.
Explanation:
The non-cash expense added back to net profit in the indirect method of preparing a cash flow statement is depreciation. When using the indirect method, accountants start with the net profit and adjust for changes that did not affect cash flows. Since depreciation expense reduces net assets but does not involve an outlay of cash, it is added back to the net income. This adjustment helps reconcile the change in net assets with the actual cash flows from operating activities.
Fournotts Corp., a sports shoe manufacturer, launches a new line of sports shoes. As a part of its promotion, Fournotts Corp invites its customers to try on the shoes for a period of one week and get a feel of its features. This is an example of _____.
a. experiential marketing
b. corporate communication
c. product placement
d. sponsorship.
Answer:
a. experiential marketing
Explanation:
Experiential marketing can be defined as the type of marketing whereby a company advertises their brand or products by allowing customers to be active participants in the advertisement process.
By allowing the customers to be actively present during the advertisement process, customers get to feel what the product or brand is like and experience what the product or brand is all about.
During experiential marketing, customers are actively engaged in the brand or product marketing process such that the process leaves them with a long lasting and memorable experience and feeling. The customers also get to develop interact with the brand and develop a connection as well.
Experiential marketing is also called Live marketing or Event marketing.