By considering the presidential elections since 1948, data showed that a strong economy seemed to help the capitalist economy to grow stronger.
What is a capitalist economy?This refers to an economic system in which private individuals or businesses own capital goods. Here, the business owners employ workers (labor) who only receive wages and the labor does not own the means of production but only uses them on behalf of the owners of capital.
General production of goods and services under capitalism is based on supply and demand in the general market rather than through central planning such as planned economy or command economy.
In conclusion, since 1948, the data showed that a strong economy seemed to help the capitalist economy to grow stronger.
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The company uses the direct write-off method for bad debts. what is the amount of bad debts expense?
Based on the opening and closing Accounts receivable, and the direct write-off method, the amount of bad debt expense is $16,000.
What is the bad debt expense?If the bad debt expense uses a direct write-off method, the bad debt expense can be found as:
= Accounts receivable available - Cash collected -Ending account receivable
Solving gives:
= 165,000 - 90,000 - 59,000
= $16,000
In conclusion, the bad debt expense is $16,000.
The full question is:
Accounts Receivable $25,000 (debit)
Bad Debts Expense $0
A Plus Services has the following transactions during January: Credit sales of $140,000, collections of credit sales of $90,000. The company uses the direct write-off method for bad debts. what is the amount of bad debts expense?
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If you agree to cooperate with another broker because it's best for your client, it's assumed that ______.
It is believed that any commission sharing will be negotiated and is not a necessity of collaboration if you choose to work with another broker since it is best for your client.
A broker is a person or business that stands between a potential investor and a securities exchange. Individual traders and investors require the services of exchange members since securities exchanges only accept orders from people or companies who are members of that exchange.
Brokers offer that service and are paid in a variety of methods, including commissions, fees, or payments from the exchange itself.
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A borrower who makes a $1,000 loan for one year and earns interest in the amount of $75, earns what nominal interest rate and what real interest rate if inflation is two percent?.
Interest rates are important to economists because they not only inform us about things like how much we could earn if we deposited our money in a bank or what the opportunity cost of keeping cash on hand is, but they also have a significant impact on international capital flows, monetary policy, inflation control, and how much future money will be worth today.
The reported interest rate on a loan is known as the nominal interest rate. This is the real loan payment that you would make.
Real Interest Rate = Nominal Interest Rate – Inflation Rate
The interest rate that has been modified by subtracting the impact of inflation from the nominal interest rate is referred to as the "real interest rate." In other words, it is essentially the borrower's true cost of debt or the lender's actual yield. Divide one plus the nominal interest rate by one plus the inflation rate for the relevant period to get the formula for real interest rate.
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According to the concept of the invisible hand, what emerges due to the self-interested
choices of buyers and sellers in a free market?
Answer: The invisible hand is a metaphor for how, in a free market economy, self-interested individuals can promote the general benefit of society at large.
What word best describes how miss hepzibah pyncheon feels about serving her first customer?
Distressed sums up Miss Hepzibah Pyncheon's feelings toward servicing her first client the best.
What is Distressed?Being very stressed out or having trouble.
How could Miss Hepzibah Pyncheon not be impatient and curious?She could not have been interested since she was not wondering anything, and she could not have been eager because she was not waiting for anything or anyone.
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Boxes, inc. sells products to end users or to other companies that will sell to end users. boxes, inc. is a ________.
If Boxes, inc. sells products to end users or to other companies that will sell to end users. boxes, inc. is a: A reseller.
Who is a reseller?A reseller can be defined as someone that buy goods or product from a company and then sell the goods to another company or sell the goods to consumer, end or final user.
A reseller tend to engage in this process so as to make profit based on the fact the price the goods was sold to the reseller will not be the same price the reseller will sell to end user.
Therefore If Boxes, inc. sells products to end users or to other companies that will sell to end users. boxes, inc. is a: A reseller.
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___is a customer benefit package (cbp) feature that departs from the standard cbp and is normally location specific or firm.
Variant A is a customer benefit package (cbp) feature that departs from the standard cbp and is normally location specific or firm.
What is customer benefit package?A customer benefit package(CBP) can be described as one that forms part of the operations management toolkit.
It should be noted that this involves a clearly defined set of tangible (goods) as well as intangible features which is been recognized by the customer for purchase or use.
In conclusion, Variant A is a customer benefit package (cbp) feature that departs from the standard cbp and is normally location specific or firm.
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If you plan to become a film editor, you should probably purchase ___ since it is most commonly used in the film industry.
If you plan to become a film editor, you should probably purchase a Macintosh computer since it is most commonly used in the film industry.
The Macintosh or Mac computer is a family of personal computers which is manufactured, designed, and sold by Apple Inc. since 1984. So the Macintosh computer is a desktop computer by Apple that comes in a variety of form factors and designs in the market.
A film editor should probably purchase the Macintosh computer, as it might be a better option video editing overall. As they come equipped with built in tools which make it easier to manipulate images and videos without having to install additional software.
Hence, Macintosh computers are some of the best options out there for film editors currently.
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Airbus’ decision to compete head-to-head with boeing by developing the a330 and a340 was made by ______ managers. ______ managers then executed these plans by producing the aircraft on the factory floor. These production managers were supervised by ______ managers.
Top; First-line; Middle Managers
Airbus’ decision to compete head-to-head with Boeing by developing the a330 and a340 was made by TOP managers. FIRST-LINE managers then executed these plans by producing the aircraft on the factory floor. These production managers were supervised by MIDDLE managers.
TOP MANAGERS: The entire organization must be under the authority and supervision of top-level management.
MIDDLE MANAGERS: Middle-level managers are in charge of carrying out organizational plans that adhere to corporate policies. They serve as a link between top-level and lower-level management.
FIRST-LINE MANAGERS: A manager who works closely with people at the lowest level of an organization.
Top; First-line; Middle Managers
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More than __ of fish stocks have been severely depleted and are in need of better management to maintain sustainable global food supplies.
More than 3/4 of fish stocks have been severely depleted and are in need of better management to maintain sustainable global food supplies.
What is Food sustainability?Food sustainability refers to growing food in a way that benefits both people and animals in the communities that produce it, as well as the environment and the effective use of natural resources. It also ensures that farmers can support themselves. A movement to address the issue of how much more resources are used to produce food than are produced is motivated by this thought. There are numerous, interconnected reasons why food sustainability is crucial. However, the main reason is that it affects how well humans will be able to feed everyone in the world today and in the future. Right now, we are already unable to feed everyone on the planet.
Thus, food sustainability is growing food in a manner that does not harm anybody including the environment.
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One of the disadvantages of personal selling is the high cost to maintain good salespeople. how can companies reduce the cost but still maintain that personal touch?
Companies can reduce the cost but still maintain that personal touch deploys supplementary strategies for potential clients, such as telephone marketing, and mailings, including fee-less numbers.
Who is a salesperson?A salesperson can be defined as a person who helps in selling a product or a service. They help in creating new customers or convincing the already and customers to take the service.
A company can employ various tricks with much less cost and efficiency like:
Telephone callingEmailing the personTelling them through social mediatoll-free callingLearn more about the salesperson, here:
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Other economists contend that the problem is not the degree of protection afforded workers but rather the manner in which the protection is:_________
The concept of equal protection states that no one should be denied the same level of protection from a government's laws. A person must be treated equally by the state's governing authority to others who are in comparable situations.
Analysis of Equal Protection
An individual has the right to file a lawsuit against a governmental body for relief when they believe that the federal or state governments have infringed their constitutional equal rights.
The person must first establish that the governing body genuinely discriminated against them, depending on the sort of discrimination claimed. The plaintiff must demonstrate that the governing body's action actually caused the individual injury.
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The body of law that governs oral and written agreements associated with the exchange of goods, services, money and property is known as ____ law. multiple choice question.
The body of law that governs oral and written agreements associated with the exchange of goods, services, money and property is known as contract law.
What is contract law?Contract law can be defined as a set of law that governs oral and written agreements between two or more parties with respect to the buying and selling of goods, services, debt, loans, property, etc.
What is a contract?A contract can be defined as a formally written agreement between two or more parties such as a group of people, team, etc., which primarily gives rise to a mutual legal obligation that is enforceable by law across specific jurisdiction in the world.
The types of contract.Generally speaking, there are different types of contract in business and these include the following:
Fixed-price contractCost-plus contractBilateral contractImplied contractUnilateral contractAdhesion contractUnconscionable contractOption contractExpress contractExecutory contractRead more on a contract law here: https://brainly.com/question/28180355
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Nordstrom sells designer suits made in italy in its stores in the united states. nordstrom is ____ suits. a. importing b. taxing c. dumping d. trading e. exporting
Nordstrom sells designer suits made in italy in its stores in the united states. nordstrom is Importing, Therefore, the correct option is A
What is Importing?
An import is an item or service that is purchased outside of its nation of origin. International trade is made up of imports and exports. A country has a negative trade balance, or a trade deficit, if the value of its imports exceeds the value of its exports. Since 1975, the US has had a trade imbalance. The U.S. Census Bureau estimates that in 2019, the deficit was $576.86 billion.
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When a monopolist practices price discrimination, compared with a single-price monopolist, deadweight loss will:_________
a. remain the same.
b. increase.
c. decrease.
d. increase initially and then r
When a monopolist practices price discrimination, compared to a single-price monopolist, dead weight loss will: A. remain the same
OPTION A is correct.
What is monopolist ?
By tracking changes within the prices consumers pay over time for a selection of goods and services, the buyer Price Indicator (CPI) is a popular index for measuring inflation.
The eight main categories of those products and services are: alcoholic drinks, food and beverages, clothing, transportation, clothing, health care, recreation, education, and communication.
By comparing the worth of this fixed basket of consumer goods and services in one time to their prices in prior periods, the buyer price index is determined. Therefore, increases within the CPI roughly mirror changes in the cost of living in the United States. As a result, the CPI may be a key economic indicator for spotting times of inflation (or deflation) in the United States.
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The parameter list in the method header and arguments in the method call must agree in?
If a method accepts parameters, the parameters must be listed in the method declaration. The parenthesis that follow the method name include a parameter list that contains the parameters. You list the parameter type followed by the parameter name for each parameter that the method uses.
Value declarations may be included in parameter lists. Value declarations follow parameter declarations and are separated from them by => at the end of the parameter list. If the type is "object," a value declaration can only specify a name for each return value, or it can specify a name and an operand.
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Explain why it is not sensible to close a business firm if it earns zero economic profits with an example.
because the consequences far outweigh the modest economic gains.
What is typical gain?
The normal profit metric determines whether a company is utilizing all of its resources by taking into account both explicit and hidden costs. The payments a business makes to external parties, such as those for rent, salaries, and raw supplies, are referred to as explicit costs. Opportunities for income that a business or other entity chooses not to take result in implicit costs, also known as opportunity costs. Implicit or opportunity costs can occur when a decision is made not to sell property in order to use it for the firm itself, or when a pay raise is forgone in order to continue operating a business.
When a corporation's entire costs and total revenues are identical, the term "zero economic" is used by economists to denote that the company has no economic profit. A business can typically claim a zero economic profit when it is competitive and generates revenues that cover its expenses.
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If the government places a $2 tax per bag of potato chips on the producers, what would the consumers of potato chips observe?.
Answer:the price of potato chips would rise by some amount
Explanation:
Answer:
higher prices
Explanation:
because the producers would essentially sell potato chips for 2 dollars more to make up for the tax money lost
The principle of surplus productivity states that after paying the costs of the first three agents of production, any residual income is attributed to ________.
The principle of surplus productivity states that after paying the costs of the first three agents of production, any residual income is attributed to D. LAND.
What does the principle of surplus productivity say?The principle of surplus productivity talks about how the costs of the agents of production are distributed. These agents include labor and capital.
The Principle notes that when the costs of these other agents have been paid for, the residual income should go to the last agent which is Land.
Options for this question include:
a. Labor
b. Entrepreneurship
c. Capital
d. Land
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An underdeveloped economy in which communities use simple tools and traditional methods to harvest and hunt for food is called a(n)?
A(n) Traditional System is a term used to describe an underdeveloped economy in which communities harvest and hunt for food using basic tools and conventional techniques.
Describe the conventional economy.
Tradition, history, and long-held ideas serve as the foundation of a traditional economic system. Traditions, practices, and beliefs play a significant role in the production of goods and services in a traditional economy, as well as in the distribution of those commodities and services.
These types of economies are frequently seen in rural, agrarian nations. A traditional economy, also referred to as a subsistence economy, is characterized by trading and bartering. A small amount of surplus is created, and if any extra products are manufactured, they are usually donated to a ruling body or landowner.
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The _____ is a dynamic schedule that logs and monitors all of the tasks that need to be accomplished for the length of the project
A dynamic timetable that records and keeps track of all the work that needs to be done over the course of the project is the margin of error.
A statistic known as the margin of error describes how much random sampling error there is in survey data. As the margin of error grows, less trust should be put in a poll's findings representing the results of a population census.. Anytime an incomplete sample of a population is used and the outcome measure has positive variance, or when the measure varies, the margin of error will be positive.
When presenting measurable values, observational error is sometimes indicated by the term "margin of error" in non-survey contexts.
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Show the order in which these asset accounts would appear on a company's balance sheet.
Show the order in which these investment accounts would appear on a company's balance sheet.
a. Cash
b. Supplies
c. Equipment
What is the order of investments on a balance sheet?
Order of liquidity is the representation of assets in the balance sheet in the order of the amount of time it would usually take to alter them into cash. Thus, cash is always presented first, observed by saleable securities, then accounts receivable, then inventory, and then fixed investments.
After asset accounts, the chart of charges would include liability accounts and owners' equity accounts.
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The organizational foundation sets the ________ of organizations, the organization direction sets the ________, and organizational strategies are concerned with the ________.
The why of an organization is determined by its foundation, the what is determined by its direction, and the how is determined by its strategy.
An organization is a group of individuals engaged in the pursuit of specific goals. All formal human ties make up its social structure, which can be understood. Workload allocation among employees and task alignment with regard to the organization's main objective are both aspects of the organization.
What three types of organizations are there?
The majority of firms today use one of three types of organizational structures: functional, departmental, or matrix. Before choosing which of these forms to use for their firm, owners must weigh the benefits and drawbacks of each.
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Munchen company sold bonds at a premium. over the life of the bonds, the carrying value of the bonds will:__________
Munchen company sold bonds at a premium. Over the life of the bonds, the carrying value of the bonds will decrease.
What are Bonds?
Bonds are high-security debt instruments that allow an organization to raise capital and meet capital needs. It's a type of debt that debtors obtain from private investors for a set period of time.
These securities have a face value that corresponds to their redemption cost. Additionally, during the holding period, the issuer pays the holders with coupons. There are many different types of bonds, including high-yield, zero-coupon, convertible, corporate, government, municipal, fixed-rate, floating-rate, and more.
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Small sellers to a buying center should first concentrate their marketing efforts on reaching ________.
Small sellers to a buying center should first concentrate their marketing efforts on reaching influencers.
What is the function of influencers?The influencer are those that help in promoting the brand of the company, since the marketing operation involves theaction or business of promoting as well as selling products or services which could including market research and advertising.
It is the function of the influencers to help in the promotion, hence Small sellers to a buying center should first concentrate their marketing efforts on reaching influencers.
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Drag each manager behavior to the corresponding way that organizations fail to foster high ethical standards. no items may be used more than once.
We can actually deduce here that dragging each manager behavior to the corresponding way that organizations fail to foster high ethical standards, we have the following:
1. Managers do not set an ethical example. - Because executives looked the other way when suppliers used banned substances in their products, employees feel justified in dumping pollutants down the drain.
2. The company does not create an ethical hiring culture. - Recruiters look for "ruthless moneymakers" in their sales personnel, and soon customers begin complaining about dishonest sales pitches.
3. The company does not set a code of ethics and provide ethical training. - Employees are confused about which behaviors are acceptable in the office, leading to complaints about harassment and offensive jokes.
4. The company does not reward ethical behavior. - An employee reports being overpaid in her quarterly sales bonus but is not acknowledged for her honesty. The next time, she decides not to report the mistake.
What are ethical standards?Ethical standards are actually known to be principles or standards that are setup by organisations and firms in order to promote good behavior, trust and fairness.
Ethical standards are also setup in order to guide and govern the behaviors of people in the workplace.
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One way that the world bank might experience an adverse selection in its own lending is if __________.
Adverse selection describes situations when high-risk persons are more likely to receive insurance or when one bargaining side has important knowledge that the other does not. Our goal is to influence decision-makers, both inside and outside of government, to consider the future and adopt long-term plans.
When vendors and/or purchasers have different knowledge about a certain component of a product's quality, this is referred to as adverse selection. Thus, those who work in hazardous environments or lead high-risk lives are more likely to buy life or disability insurance, knowing that they will likely be able to use it.
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One advantage to health reimbursement accounts is that employees do not have to pay taxes on the amounts they are reimbursed under an hra. a. true b. false
One benefit to health reimbursement accounts is that employees do not have to spend taxes on the amounts they are reimbursed under an HRA. True
Do you have to pay taxes on HRA?Part of the HRA exemption is deductible from the total income before arriving at gross taxable revenue. This helps an employee to protect taxes. But do keep in mind that the HRA obtained from your employer, is fully taxable if a worker is living in his own house or if he does not spend any rent.
An HRA is an agreement between an employer and an employee allowing employees to get reimbursed for their medical costs.
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Do the auditing standards set by the pcaob apply to audits of nonpublic companies? explain.
The auditing standards set by the PCAOB do not apply to audits of nonpublic companies this is because non private companies' auditors keep tp or adhere to ASB guidance.
Do PCAOB standards apply to private companies?Auditors of public companies are those that are mandated to follow standards set by the PCAOB, while those of private companies' auditors are known to be one that adhere to ASB guidance.
The PCAOB board is one that state that the professional auditing standards that are the ones that registered auditing firms need to use. These standards are said to be used in the act of monitor accounting firms.
Therefore, based on the above, The auditing standards set by the PCAOB do not apply to audits of nonpublic companies this is because non private companies' auditors keep tp or adhere to ASB guidance.
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A business purchases $5,000 in equipment with cash. how would this transaction affect the accounting equation?
This raises the asset account for inventories as well as the accounts payable (Liability). The signature of a note for the acquisition of equipment changes the accounting equation by raising total assets and total liabilities. When equipment is purchased, the asset account for that item is boosted.
All transactions completed to account for the equipment acquisition appear on your balance sheet, not your income statement, at the time of purchase. Debit the whole cost of the transaction from the appropriate asset account, such as one for office or factory equipment.
It follows that all activity occurs on the asset side of the balance sheet: Assets: Equipment increase
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