The proper sequence of a merchandiser's operational cycle. A cash purchase of goods, B available inventory, C credit sales, D accounts receivable, and E cash received from credit sales.
Please provide the merchandiser's operating cycle in the proper sequence.A merchandising company's usual operational cycle begins with cash on hand, followed by inventory purchases, product sales to customers, and customer payment collection.
What phases make up a merchandiser with credit sales' operating cycle?Definition of the operating cycle in Step 1.
Step 2 is to make a purchase.
Step 3: Get the goods ready for selling.
Make credit sales to customers in step four.
Step 5: Track and maintain your accounts receivable.
Get money from clients on account in step six.
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what happens to the equilibrium price and quantity when demand decreases and at the same time supply increases, and the demand shift is relatively smaller than the supply shift?
a. Both the equilibrium price, and the equilibrium quantity will rise.
b. The equilibrium price falls, and the equilibrium quantity rises.
c. The equilibrium price rises, and the equilibrium quantity falls.
d. Both the equilibrium price and quantity will fall.
When demand decreases and at the same time supply increases, and the demand shift is relatively smaller than the supply shift, the equilibrium price falls, and the equilibrium quantity rises.
The reason for this is that the increase in supply will lead to a surplus of the product at the original equilibrium price. This surplus will put downward pressure on the price, causing it to fall.
At the same time, the decrease in demand will lead to a lower equilibrium quantity. However, because the supply shift is relatively larger, the overall effect on the equilibrium quantity is an increase.
Therefore, the correct answer is (b) The equilibrium price falls, and the equilibrium quantity rises.
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FILL IN THE BLANK. a financial plan looks at what needs to be done in the _____.
A financial plan looks at what needs to be done in the future because financial plans are forecasts, they seldom happen as foreseen, but they allow managers to examine goals.
Financial Planning is an essential portion of both personal and organizational financial management. Financial planning is nothing but the process of determining your future needs in terms of investment, resources, funds determining the sources of funds, managing or utilizing these funds efficiently and identifying risks and issues in the plan.
There are a number of key elements that are typically involved in a good financial plan. Although they all affect your money in different ways, their cumulative effect dictates what your financial future will look like.
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What happens to interest earned if the annuitant dies before the payout start date?
A. It is taxable
B. It is taxable only if no beneficiary is named
C. It is not taxable
D. It is only taxable if contract has been in force under one year
The correct option is A, it is taxable to interest earned if the annuitant dies before the payout start date.
Taxable refers to the income, property, or transaction that is subject to taxation by the government. In general, taxable items are those that generate income or value and are subject to taxation under the laws of the country or jurisdiction where they are located.
Income tax is the most common type of taxation, and individuals and businesses are required to pay taxes on their income that exceeds a certain threshold. Other examples of taxable items include property, such as real estate, which is subject to property tax, and goods and services, which may be subject to sales tax, value-added tax (VAT), or excise tax. In some cases, certain types of income or transactions may be exempt from taxation, such as tax-exempt bonds, tax-free investments, and non-taxable income from certain sources, such as disability or insurance benefits.
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______ budgeting is the process of making and managing expenditures on long-term assets.
a. Capital
b. Finance
c. Investments
d. Financial institutions
A) Capital budgeting is the process of making and managing expenditures on long-term assets.
Capital budgeting is the process a business employs to evaluate potential large projects or investments. Such initiatives can involve building a new facility or making a sizeable investment in a different company.
As part of capital planning, a company may assess the expected returns' lifetime cash inflows and outflows to see whether they will meet a sufficient target benchmark.
In a perfect world, businesses would take advantage of any and all opportunities and initiatives that boost revenue and shareholder value. Since there is a limited quantity of capital or money that each firm has available for new initiatives, management employs capital budgeting techniques to select the projects that will produce the best return over the length of the relevant time.
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greenpeace is the most visible environmental organization that campaigns on worldwide issues such as climate change and overfishing. this nonprofit organization advocates for environmental preservation. which component of the specific environment is this example about?
The illustration given concerns a particular group, Greenpeace, and its efforts to promote environmental protection.
Is there a single worldwide or two?worldwide is the right pronunciation of this term. It has the capability to signify "expanding or ranging throughout the earth" as an adjective or an adverb. Worldwide has no comma or space between the terms "world" and "wide," making it a closed composite word.
What is a statement that uses the word worldwide?And over 20 million copies of his works have been distributed globally. Military technology study is heavily pursued on a global scale. The word worldwide is also used. Doctors are currently worried about a global pandemic.
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self-insurance is an acceptable cost-saving strategy for a start-up business. true or false?
Self-insurance is a viable cost-cutting measure for a startup company. This statement is true.
It depends on the nature of the start-up business and the level of risk associated with its operations. Self-insurance is a risk management strategy in which a company sets aside funds to cover potential losses instead of purchasing insurance from a third-party provider.
Self-insurance may be a feasible cost-saving strategy for some start-up businesses, particularly those with a low level of risk and sufficient financial resources to cover potential losses. However, for start-ups operating in industries with a high level of risk, such as healthcare or aviation, self-insurance may not be a viable option due to the potential for significant financial losses.
In addition, self-insurance can be a complex and potentially risky strategy, as it requires the company to accurately assess its potential risks and set aside sufficient funds to cover potential losses.
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the process of attempting to ascertain the supply of and demand for various types of human resources is called
The process of attempting to ascertain the supply of and demand for various types of human resources is called forecasting.
What is forecasting?
The method of forecasting entails making predictions based on historical and current data. These can then be contrasted with what transpires. For instance, a business might predict its revenue for the following year and then contrast that prediction with the real outcomes. A similar but more broad word is prediction. The term "forecasting" can apply to a variety of formal statistical techniques using time series, cross-sectional data, or longitudinal data, as well as to less formal judgmental techniques or the prediction-resolution process itself. Usage varies depending on the application region.
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how did industrialization increase the role of the national government?
Industrialization increased the role of the national government by creating a need for infrastructure investments, regulation of large corporations, labor laws, and environmental protection.
Industrialization expanded the job of the national government in several ways.
In the first place, it made a requirement for framework speculations like streets, extensions, and ports that were past the limit of nearby or territorial states.
Second, it prompted the development of huge companies that expected guidelines and oversight to forestall restraining infrastructures and guarantee a fair contest.
Third, it expanded the requirement for work regulations and guidelines to shield laborers from abuse and work on working circumstances. Fourth, it expanded the interest in regular assets, prompting clashes over land use, water privileges, and ecological assurance.
Accordingly, national governments started to take on a more dynamic job in controlling and managing financial movement, social welfare, and environmental protection.
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when your equity position in a security is less than the required amount, your brokerage firm will issue a: margin call. margin certificate. cash certificate. leverage call. limit order.
When your equity position in security is less than required amount, your brokerage firm will issue margin call.
What is brokerage?Buyers and sellers use a brokerage firm or brokerage company as a middleman to complete a transaction for stocks, bonds, options, and other financial instruments. The dealer receives payment in the form of commissions or fees after the transaction is completed. Businesses substitute this lost revenue from one source with another by paying trading commissions for other goods like mutual funds and bonds as well as paying the exchanges for sizeable orders. Brokerage companies exist to help their clients connect buyers and sellers at a price that benefits both sides in a trade while also charging a fee for their services. Additionally, full-service brokerages offer research and guidance on a variety of financial goods.
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what two benefits are associated with companies' effort to increase social responsibility?
Companies that prioritize social responsibility can enjoy a number of benefits that extend beyond their immediate bottom line. Two primary benefits include improved reputation and increased stakeholder engagement.
Firstly, companies that prioritize social responsibility can benefit from an improved reputation among consumers, investors, and other stakeholders.
By adopting socially responsible practices, companies can demonstrate a commitment to ethical and sustainable business practices, which can enhance their brand image and attract customers who value these qualities.
Moreover, a strong reputation for social responsibility can help companies attract and retain top talent, as employees are often drawn to organizations that align with their personal values. Secondly, companies that prioritize social responsibility can also benefit from increased stakeholder engagement.
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_____is the process of learning how other firms do things in an exceptionally high-quality manner.
a. Outsourcing
b. Benchmarking
c. Value-added analysis
d. Automation
(B) Benchmarking is the process of learning how other firms do things in an exceptionally high-quality manner.
Benchmarking is a strategic management tool that involves comparing an organization's processes, performance metrics, and practices to those of industry leaders or best-in-class companies. The goal of benchmarking is to identify areas where an organization can improve its operations, reduce costs, and increase efficiency by adopting the best practices of other firms.
Benchmarking can be applied to a wide range of business functions, such as production processes, customer service, sales and marketing, and supply chain management. It involves analyzing key performance indicators (KPIs) and identifying opportunities for improvement by setting benchmarks for performance metrics and then comparing them with the performance metrics of other companies.
Outsourcing refers to the process of hiring a third-party firm to perform a business function that is typically carried out in-house.
The value-added analysis is a process of analyzing the value added at each stage of a production process, with the goal of identifying areas where value can be increased.
Automation refers to the use of technology to automate business processes and tasks.
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printer company has two locations with a total of 33 amployees If two times the number of employses at the lacaion is three greater than five times the number of employses at the smaller location, how many employees are at sach location? The smaller location hasemployee(s) and the larger location has employees).
The smaller location has 9 employees and the larger location has 24 employees.
Let's use variables to represent the number of employees at each location. Let x be the number of employees at the smaller location, and y be the number of employees at the larger location.
From the problem statement, we know that:
x + y = 33 (the total number of employees is 33) ---1
2y = 5x + 3 (two times the number of employees at the larger location is three greater than five times the number of employees at the smaller location) ---2
We can use the first equation to solve for one of the variables in terms of the other. Y can be expressed as
x + y = 33
y = 33 - x
We can then substitute this expression for y into the second equation and solve for x:
2(33 - x) = 5x + 3
66 - 2x = 5x + 3
66 + 3 = 5x + 2x
69 = 7x
x = 9
So the smaller location has 9 employees.
Now we can use the first equation to solve for y:
x + y = 33
9 + y = 33
y = 33 - 9
y = 24
So the larger location has 24 employees.
Therefore, the smaller location has 9 employees and the larger location has 24 employees.
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Which organizational level of the ecosystem does a pack of wolves represent?
An ecological population is made up of a number of members of a particular species that are present in a particular location at a particular time and are acting as a biotic community. From smallest to largest, they are arranged as follows.
Organism, population, community, and ecosystem. A community is a place that contains two or more populations of various species. For instance, different species of squirrels, deer, rabbits, and other animals can be found living in a forest. The biosphere is made up of various organisms, such as fish, algae, fungi, plants, insects, arachnids, animals, and people.
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How many chocolate companies are in the usa?
There are 6,835 Chocolate Stores businesses in the US as of 2023, a decline of -3.1% from 2022.
Here are some of the top chocolate companies in the US, in no particular order:
Mars, Incorporated - This company produces many popular chocolate brands, including M&Ms, Snickers, Twix, Milky Way, Dove, and more.
The Hershey Company - Hershey is another well-known chocolate producer, with brands such as Hershey's chocolate bars, Reese's, Kit Kat, and Kisses.
Lindt & Sprüngli - This Swiss company has a strong presence in the US, with a range of premium chocolate products.
Ferrero USA - Ferrero is known for its chocolate-hazelnut spread Nutella, as well as brands such as Ferrero Rocher, Kinder, and Tic Tac.
Godiva - Godiva produces high-end chocolates, with a focus on gift boxes and luxury products.
Ghirardelli - Ghirardelli is known for its gourmet chocolate bars and baking products, and also operates a number of chocolate shops across the US.
These are just a few examples of the many chocolate companies operating in the US.
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How many chocolate companies are in the USA?
on may 31, money corporation's cash account showed a balance of $12,000 before the bank reconciliation was prepared. after examining the may bank statement and items included with it, the company's accountant found the following items: checks outstanding $ 1,250 deposits outstanding 2,100 non-sufficient funds check 150 service fees 100 error: money corporation wrote a check for $45 but recorded it incorrectly for $450. what is the amount of cash that should be reported in the company's balance sheet as of may 31?
In the context of accounting, cash includes funds held in bank accounts, including checking accounts, savings accounts, and money market accounts.
What is the amount of cash that should be reported in the company's balance sheet as of May 31?To determine the correct balance of cash to be reported on Money Corporation's balance sheet as of May 31, we need to adjust the balance in the company's cash account by taking into account the outstanding checks, deposits, non-sufficient funds check, service fees, and the error in recording the check.
Starting with the balance per the company's records:
Beginning cash balance on May 31 = $12,000
Add: deposits outstanding = $2,100
Total cash available = $14,100
Deduct: checks outstanding = $1,250
Adjusted cash balance = $12,850
Deduct: non-sufficient funds check = $150
Deduct: service fees = $100
Deduct: error in recording check = $450 - $45 = $405
Correct cash balance as of May 31 = $12,145
Therefore, the correct amount of cash that should be reported in the company's balance sheet as of May 31 is $12,145.
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dissatisfaction may occur shortly after a purchase; this is called cognitive dissatisfaction (T/F)
TRUE Cognitive dissatisfaction is a type of discontent that can happen soon after a purchase. The most basic need according to Maslow's hierarchy of needs is safety.
The consumer purchasing decision-making process, once started, invariably results in a purchase. The link between consumer expectations and the product's perceived performance holds the key to the solution. Consumers experience disappointment when a product doesn't live up to their expectations, satisfaction when it does, and ecstasy when it exceeds their expectations. The wider the discrepancy between expectations and performance, the more dissatisfied the customer. This shows that in order to keep customers happy, vendors should create product promises that accurately describe the product's functionality. Some vendors may even exaggerate performance levels to increase customer satisfaction.
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identify two fees that banks typically charge on a checking account and how you can avoid them.
Two fees that banks typically charge on a checking account are: Monthly maintenance fee and Overdraft fee.
Monthly maintenance fee: This is a fee that some banks charge for maintaining a checking account. The fee amount can vary depending on the bank and the type of checking account. To avoid this fee, customers can often meet certain requirements, such as maintaining a minimum balance, making a certain number of transactions, or setting up direct deposit.
Overdraft fee: This is a fee that is charged when a customer withdraws more money from their checking account than is available. The bank covers the overdraft and charges a fee, which can be significant. To avoid this fee, customers can opt out of overdraft protection or link their checking account to a savings account or line of credit to cover overdrafts.
Other fees that banks may charge on a checking account include ATM fees, foreign transaction fees, and paper statement fees. To avoid these fees, customers can use their bank's ATMs or partner ATMs, use a debit card instead of a credit card when traveling abroad, and opt for electronic statements instead of paper statements.
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Which of these companies is taking advantage of the globalization of production?
a.ABC Fabrics, an American textile manufacturer, buys fabric from France and exports it to India for garment production.
b. DEF Group, a U.S.-based fashion designer, is planning to open a flagship store in China to serve the Asian market.
c. GH Waters, a U.K. facial products company, serves customers worldwide through its local franchises.
d. IJK Inc. uses sales personnel from the respective host country to sell its products and services.
e. LMNO Pie, an Italian pizza chain, customizes its pizzas and pastas to suit the tastes of its American and Australian customers.
An American textile company called ABC Fabrics imports fabric from France for use in clothing production in India.
The correct option is A.
What is globalization in simple words?Globalisation is a process that makes it simple for people and products to go beyond national boundaries. The interconnection of markets, commerce, and investments with minimal impediments to hinder the flow of goods and services across nations is primarily an economic notion.
Why is globalisation crucial?Secondly, globalisation makes it simpler for nations to obtain information from other cultures. Second, it boosts incentives for businesses to develop and acquire foreign technology by enhancing international competitiveness, notably as a result of the emergence of emerging market corporations.
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the following cost data relate to the manufacturing activities of chang company during the just completed year: manufacturing overhead costs incurred: indirect materials $ 15,100 indirect labor 131,000 property taxes, factory 8,100 utilities, factory 71,000 depreciation, factory 269,100 insurance, factory 10,100 total actual manufacturing overhead costs incurred $ 504,400 other costs incurred: purchases of raw materials (both direct and indirect) $ 401,000 direct labor cost $ 61,000 inventories: raw materials, beginning $ 20,100 raw materials, ending $ 30,100 work in process, beginning $ 40,100 work in process, ending $ 70,100 the company uses a predetermined overhead rate of $26 per machine-hour to apply overhead cost to jobs. a total of 19,800 machine-hours were used during the year. required: 1. compute the amount of underapplied or overapplied overhead cost for the year. 2. prepare a schedule of cost of goods manufactured for the year.
The amount of underapplied overhead cost for the year is $10,400. The cost of goods manufactured is $575,900.
What is overhead?Costs associated with running a business that are not directly tied to the creation of goods or services but are nevertheless necessary. Rent, utilities, insurance, legal fees, office supplies, advertising, payroll, and accounting fees are a few examples of overhead expenses.
The given information-
Manufacturing overhead costs incurred:
Indirect materials $15,100 Indirect labor $131,000
Property taxes, factory $8,100
Utilities, factory $71,000
Depreciation, factory $269,100
Insurance, factory $10,100
Total actual manufacturing overhead costs incurred $ 504,400
The company uses a predetermined overhead rate of $26 per machine-hour to apply overhead cost to jobs.
A total of 19,800 machine-hours were used during the year.
1. Allocation of overhead is computed as follows:
= overhead rate × actual hours
= 26× 19,800
= $514,800
Over/under allocation=Actual overhead - allocated overhead
= 504,400 - 514,800
= 10,400 under allocated.
2.Cost of goods manufactured= beginning work in process + direct materials + direct labor + allocated overhead - ending work in process
= 40100 + (20100 + 40100 - 30100) + 61000 + 514800 - 70100
= $575,900
Therefore, the overhead is underapplied by $10,400 and the cost of manufacturing overhead is $575,900.
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The pure expectations theory assumes that a one-year bond purchased today will have the same return as a one-Year bond purchased five years from now.a. Falseb. True
False, The pure expectations theory assumes that a one-year bond purchased today will have the same return as a one-Year bond purchased five years from now.
What is the term structure's pure expectations theory?
A hypothesis which claims that only forward rates are the rates which are expected to be paid in the future. In other words, the entire term structure is a reflection of what the market anticipates will happen to short-term rates in the future.
Increasing short-term interest rates are implied, for instance, by an increasing slope to the term structure.
What does expectation theory mean?
The long-term interest rate is a weighted average of the current and anticipated short-term interest rates, according to the expectations theory of the term structure. The long rate will be equal to the short rate if anticipated future short rates remain unchanged (plus a constant risk premium).
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what marketing opportunities does a firm have when customer needs are unmet? (choose every correct answer.)
The marketing opportunities that a firm has when customer needs are unmet are The opportunity to create new products or services, The opportunity to augment existing products or services. The correct option is a and b.
What do you understand about products?Products are an object, system, or service made available for consumer use as per consumer demand; it is anything that can be offered to a market to satisfy the desire or need of a customer. In retailing, products are often referred to as merchandise, and in manufacturing, products are bought as raw materials and then sold as finished goods.
A service is also regarded as a type of product.
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Your question is incomplete, but the full question probably is:
What marketing opportunities does a firm have when customer needs are unmet? (Choose every correct answer.)
A) The opportunity to create new products or services
B) The opportunity to augment existing products or services
C) The opportunity to change customer needs
D) The opportunity to identify new market segments
martin manufacturing has two manufacturing departments, forming and painting. the company uses the weighted-average method and it reports the following data. units completed in the forming department are transferred to the painting department. units direct materials percent complete conversion percent complete beginning work in process inventory 106,000 60% 40% units started this period 1,212,000 units completed and transferred out 1,192,000 ending work in process inventory 126,000 80% 30% production cost information for the forming department follows. beginning work in process direct materials $ 191,200 conversion 73,200 $ 264,400 costs added this period direct materials $ 5,755,680 conversion 4,354,080 10,109,760 calculate the equivalent units of production for both direct materials and conversion for the forming department. multiple choice 1,298,000 direct materials; 1,232,000 conversion. 1,275,000 direct materials; 1,255,000 conversion. 1,312,800 direct materials; 1,249,800 conversion. 1,318,000 direct materials; 1,318,000 conversion. 1,292,800 direct materials; 1,229,800 conversion.
In the above problem, note that the correct option is:
1,292,800 direct materials; 1,229,800 conversion. (Option 5)
To calculate the equivalent units of production, we need to account for the units that were completed and transferred out and the units in ending work in process inventory.
For direct materials:
Equivalent units of production = Units completed and transferred out + (Ending work in process inventory * percent complete)
= 1,192,000 + (126,000 * 80%)
= 1,192,000 + 100,800
= 1,292,800
For conversion:
Equivalent units of production = Units completed and transferred out + (Ending work in process inventory * percent complete)
= 1,192,000 + (126,000 * 30%)
= 1,192,000 + 37,800
= 1,229,800
Therefore, the correct option is 1,292,800 direct materials; 1,229,800 conversions. (Option 5)
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what company is sponsoring the halftime show and who is performing 2023?
Apple music is sponsoring the halftime show in 2023 and Rihanna is performing in the halftime show.
Apple Music is a music, audio and video streaming service developed by Apple Inc. Apple signed on to sponsor the halftime show in a multiyear deal after Pepsi dropped its decade-long sponsorship last May. The show is being produced by Jay-Z's Roc Nation which has been its producer since 2019.
Robyn Rihanna Fenty NH, also known as Rihanna, is a Barbadian singer, actress, and businesswoman. She is also the founder, owner, and CEO of Fenty Beauty.
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A conditional distribution summaries the information from one variable ONLY, without considering ANY information from another variable.True False
This statement is false: A conditional distribution summaries the information from one variable ONLY, without considering ANY information from another variable.
When you specify the values of other variables, a conditional distribution—a distribution of values for one variable—occurs. The name of this form of distribution comes from the ability to evaluate the dispersion of your interest variable under particular circumstances.
Although it may sound a little complicated, the concept is simple.
Consider that you sell computers and that you keep track of the gender and kind of computer for each sale. Imagine that you simply wish to analyze the distribution of computer kinds for female clients. That is a conditional distribution example. We are programming computers to type with the gender variable set to female.
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_____ holds that individuals must decide what is ethical based on their own feelings about what is right and wrong.
The ethical theory that holds that individuals must decide what is ethical based on their own feelings about what is right and wrong is called ethical subjectivism.
Ethical subjectivism is a meta-ethical theory that maintains that moral statements are not objectively true or false, but rather are expressions of personal attitudes and preferences. According to this theory, there is no objective standard for determining what is right or wrong, good or bad, moral or immoral. Instead, individuals must decide for themselves what they believe to be ethical based on their own feelings, emotions, and personal beliefs. In ethical subjectivism, the source of ethical values lies within the individual, rather than in external factors such as cultural norms or religious doctrine. Proponents of this theory argue that individuals have the right to determine their own moral values and that morality is a matter of personal preference. They maintain that there are no objective standards that can be used to determine whether an action is right or wrong, and that each person must decide for themselves what is ethical based on their own subjective experiences and beliefs. Critics of ethical subjectivism argue that this theory is flawed because it fails to recognize the importance of objective standards in determining what is right or wrong. They maintain that there are certain moral principles that are universally applicable, such as the principle that it is wrong to harm innocent people, and that these principles should serve as a guide for ethical decision-making. Despite these criticisms, ethical subjectivism remains a popular theory in moral philosophy, particularly among those who value individual autonomy and personal freedom. Proponents of this theory argue that ethical subjectivism allows for a wide range of moral diversity and encourages individuals to take responsibility for their own moral decisions, rather than relying on external authorities to tell them what is right or wrong.
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Which one of the following statements related to corporate income taxes is correct? Multiple Choice a. Above a certain level, if the corporation earns additional income, it will be taxed at a higher rate. b. Corporations pay the same rate of taxes regardless of the amount of taxable income. c. A corporation's taxes equals its taxable income multiplied by the marginal tax rate. d. The marginal tax rate will always exceed a corporation's average tax rate. e. A corporation's marginal tax rate must be equal to or lower than its average tax rate
Option C, The assertion about corporate income taxes is valid since the marginal tax rate will always be higher than the average tax rate.
The marginal tax rate will always be greater than the average tax rate when it comes to company income taxes, which is the correct position.
The marginal tax is the percentage of tax paid on a corporation's final dollar of income received, whereas the average tax rate is the total tax received divided by total taxable revenue.
The marginal tax rate is frequently higher than the average tax rate since it applies to the next dollar of income earned, which is taxed at a higher rate due to the progressive nature of the corporate income tax system.
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a journal with two amount columns in which all kinds of entries can be recorded. is called ?
This is called general journal. A general journal is a volume of unedited business transactions listed in date-by-date chronological order. It is the initial location where a transaction is noted. After that, the funds are posted to the appropriate accounts, such as accounts receivable, cash, or asset accounts.
Financial transactions are documented in a general journal entry. The transactions are recorded in the order in which they happened. Typically, general journals include details about accounts transactions like cash receipts and payments. They may also include sales, purchases, and inventory balances. Every recorded transaction is summarised in the general ledger, whereas the general journal holds the original entries for the majority of low-volume transactions.
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kellen is selling a vehicle which has been previously been in an accident and which shows obvious damage. if he does not tell the buyer about the accident, has he committed fraudulent misrepresentation?
If the buyer does not inquire about the vehicle's history, then no, he has not engaged in false misrepresentation.
What does misrepresenting a contract's terms and conditions mean?When a false statement is made willfully, carelessly, or with no conviction that it is accurate, it is considered fraudulent misrepresentation. Negligent misrepresentation is defined as a representation that is made carelessly and in breach of the duty that Party A owes to Party B to use reasonable care to ensure the representation is accurate.
How do you deal with deceptive and misleading representation?Depending on the situation, the remedies for false misrepresentation may include revocation of the contract or monetary compensation. The most common solution is contract termination since fraudulent misrepresentation renders a contract voidable (as opposed to simply "void").
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how else are companies promoting their brand / products / services leading up to, during or after the super bowl?
The demand for Super Bowl commercial slots doesn't seem to be slowing down, despite the advertising industry's economic caution.
The Super Bowl is the National Football League's (NFL) final playoff game each year to decide the league champion. Since 1966, it has taken the place of the NFL Championship Game as the season-ending game for each NFL season. The match has been held on the second Sunday in February every year since 2022. Early to mid-January Sundays from 1967 to 1978, late January Sundays from 1979 to 2003, with the exception of 2002[a], and the first Sunday of February from 2004 through 2021 were all used for previous Super Bowls. The Vince Lombardi Trophy, named after the head coach of the Green Bay Packers who won the first two Super Bowls, is given to winning teams.
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making a good economic decision requires two scarce resources. what are they?
Time and money are two scarce resources required for making a good economic decision.
Time is a very limited resource because a person has limited time in a day and it should be allocated wisely. A person should consider the time on the particular opportunity as compared to the lost opportunity.
Money is also a very scarce resource as most people and organizations have a very limited amount of money before making a good economic decision related to any opportunity a person or government should consider the cost-benefit analysis of that decision by comparing the decision with all the lost opportunities.
Taking time and money into consideration before making a good decision can maximize profit.
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