The least likely result of a binding price ceiling imposed in the market for online streaming services will be an additional fees for previously included movies, TV shows, and/or documentaries.
What is a binding price ceiling?This type of price ceiling refers to one that is adopted when the government sets a required price on a good or goods at a price below equilibrium. Most time, as the government requires that prices not rise above this price, that price binds the market for that good.
As the least likely result of a binding price ceiling imposed in the market for online streaming services will be an additional fees for previously included movies, TV shows, and/or documentaries. Therefore, the Option C is correct.
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1. If the two totals of a trial balance are equal, does it mean that there are no errors in the accounting records? Explain
2. Assume that when a purchase of supplies of $2,650 for cash was recorded, both the debit and the credit were journalized and posted as $2,560. (a) Would this error cause the trial balance to be out of balance? (b) Would the trial balance be out of balance if the $2,650 entry had been journalized correctly but the credit to Cash had been posted as $2,560?
1. If the two totals of a trial balance are equal, it does not mean that the accounting records are free of errors.
2a) The error of commission cannot cause the trial balance to be out of balance.
2b) If the $2,650 entry had been journalized correctly but the credit to the Cash had been posted as $2,560, the trial balance would not balance because another account was debited with $2,650.
What are the errors that do not affect the trial balance?The errors that do not affect the trial balance or cause it to be out of balance include:
Errors of principleErrors of original entryErrors of omissionErrors of commissionCompensating errors.A trial balance will be out of balance if an error is made on one side of the ledger.
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Argentina Partners is concerned about the possible effects of inflation on its operations. Presently, the company sells 60,000 units for $30 per unit. The variable production costs are $15, and fixed costs amount to $700,000. Production engineers have advised management that they expect unit labor costs to rise by 15 percent and unit materials costs to rise by 10 percent in the coming year. Of the $15 variable costs, 50 percent are from labor and 25 percent are from materials. Variable overhead costs are expected to increase by 20 percent. Sales prices cannot increase more than 10 percent. It is also expected that fixed costs will rise by 5 percent as a result of increased taxes and other miscellaneous fixed charges.
The company wishes to maintain the same level of profit in real dollar terms. It is expected that to accomplish this objective, profits must increase by 6 percent during the year.
a: Compute the volume in units and the dollar sales level necessary to maintain the present profit level, assuming that the maximum price increase is implemented. (Do not round intermediate calculations. Round up your answer for "Volume in units" to the nearest whole number and round your answer for "Sales" to the nearest whole dollar amount.)
a. Compute the volume in units and the dollar sales level necessary to maintain the present profit level, assuming that the maximum price increase is implemented. (do not round intermediate calculations. Round up your answer for "Volume in units" to the nearest whole number and round your answer for "Sales" to the nearest whole dollar amount.)
Volume in units: _________
Sales: _________
b. Compute the volume of sales and the dollar sales level necessary to provide the 6 percent increase in profits, assuming that the maximum price increase is implemented.
Volume in Units: _____________
Sales: ______________
c. If the volume of sales were to remain at 60,000 units, what price increase would be required to attain the 6 percent increase in profits? Calculate the new price.
New Price: ______________
a) The volume in units and dollars necessary to maintain the present profit level, assuming that the maximum price increase is implemented as follows:
Volume = 59,365 units
Dollars = $1,959,059
b) The volume in units and dollars necessary to provide a 6% increase in profits, assuming that the maximum price increase is implemented is as follows:
Volume = 60,127 units
Dollars = $1,984,202
c) If the sales volume were to remain at 60,000 units, the price increase required to attain the 6 percent increase in profits is $33.
Data and Calculations:Sales units = 60,000 units Total
Selling price = $30 $1,800,000
Variable costs = $15 900,000
Fixed costs = $700,000 700,000
Profit level = $200,000
Contribution margin per unit = $15
Contribution margin ratio = 50%
Labor cost of VC = $7.50 ($15 x 50%)
New labor cost = $8.625 ($7.50 x 1.15)
Direct materials of VC = $3.75 ($15 x 25%)
New direct materials costs = $4.125 ($3.75 x 1.1)
Variable overhead costs = $3.75 ($15 x (1 - 0.75)
New variable overhead costs = $4.50 ($3.75 x 1.20)
New variable costs per unit = $17.25 ($4.50 + $8.625 + $4.125)
The expected increase in sales prices ≤ 10%
Selling price per unit = $33 ($30 x 1.1)
New variable costs per unit = $17.25
Contribution margin per unit = $15.75
Contribution margin ratio = 0.47727
New fixed costs = $735,000 ($700,000 x 1.05)
Profit level increase = 6%
New profit level = $212,000 ($200,000 x 1.06)
a) Sales volume and dollars are as follows:
Volume = Fixed Costs + Profit/Contribution Margin per unit
= ($735,000+ $200,000)/$15.75
= $935,000/$15.75
= 59,365 units
Dollars = $1,959,059 ($935,000/0.47727)
b) Sales volume and dollars are as follows:
Volume = Fixed Costs + Profit/Contribution Margin per unit
= ($735,000+ $212,000)/$15.75
= $947,000/$15.75
= 60,127 units
Dollars = $1,984,202 ($947,000/0.47727)
c) Price = $ (Fixed Costs + Variable Costs + Profit)/60,000
= $ ($735,000 + $1,035,000 + $212,000)/60,000
= $33
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Who represents the State in a jury trial?
OA. The judge
OB. The prosecutor
C. The jury
OD. The defense attorney
The defense attorney represents the State in a jury trial.
An attorney is a someone who has the constitutional authority to act on behalf of another person. Lawyers are individuals who have completed law school and, in many cases, have taken and passed the bar test. Attorney derives from a French word that means "to act on behalf of another." Attorney is an abbreviation for the professional title "attorney at law."A jury trial, often known as a trial by jury, is a legal proceeding in which a jury makes a decision or factual findings. It differs from a bench trial in which all judgments are made by a single judge or panel of judges.In many, but not all, common law judicial systems, jury trials are utilized in a considerable proportion of important criminal cases. The majority of Asian common law nations have abolished jury trials on the basis that juries are biased.Thus this is the meaning of Jury trial.
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Answer: the prosecutor
Explanation: i just took the quiz
A marketing information system.
A. is a collection of raw facts and figures collected from market
research
B. is software that creates tables, graphs, and charts that can be
used to market services and products
C. is a set of organized procedures and methods for gathering,
retrieving, and analyzing information needed to support marketing
decisions
D. is the result of organizing and summarizing facts and figures to
make them useful for marketing decision making
Marketing information system is software that creates tables, graphs, and charts that can be. An MIS, or marketing information system, is a system for collecting, storing, analyzing, and disseminating relevant marketing data to assist marketers in making better decisions.
A marketing information system's input focuses on gathering relevant internal and external data to analyze and interpret. Many retail companies, for example, give their customers loyalty cards, and many brands allow users to build profiles in their online store. Both loyalty cards and profiles assist firms in gathering information about their customers. Marketing intelligence system and research fulfil the marketer's desire for faster, more accurate decision making.
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Answer:
A. is a collection of raw facts and figures collected from market research
Critical Thinking
7. Classify Identify the factor of pro-
duction represented by each of the
following: (a) fishing waters, (b) an
office building, (c) clerks in a store,
(d) a tractor, (e) a student in a cook-
ing school. Explain.
Quic
10. Loo
Wo
list
ar
n
8. Infer If companies can become
more productive by increasing their
physical capital, why would a com-
pany not buy up-to-date computers
for all employees each year?
9. Apply Think of a good or service
that you consumed today. List at
least five factors of production used
to produce that good or service.
Include at least one example each of
land, labor, and capital.
7. The production factor are, (a) fishing waters Land, (b) an office building Capital, (c) clerks in a store Labor, (d) a tractor Capital, (e) a student in a cooking school Entrepreneurship.
What is factor of production?There are four factors of production namely, land, labor, capital and entrepreneurship.
8. Infer If companies can become more productive by increasing their
physical capital, why would a company not buy up-to-date computers
for all employees each year?
Companies can become more productive if they keep their assets up to date, but the assets have a specific life and can be used up to it. The assets must be utilized for its specific life to minimize the expenses and maximize the profit.
9. Apply Think of a good or service that you consumed today. List at
least five factors of production used to produce that good or service.
Include at least one example each of land, labor, and capital.
I consumed food today this included more than five factors of production, the food was cooked by a chef this is labor, the food was cooked in a kitchen that was the land, the food was served in a restaurant that is the entrepreneurship and the food was prepared by mixing many ingredients for example, rice, meat and spices this make the capital.
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What is the purpose of a Summons?
A. A Summons tells the defendant to appear in court.
B. A Summons is a complaint against a party.
OC. A Summons is a reply to a Complaint.
D. A Summons is a pre-trial form of discovery.
Answer:
A. A Summon tells the defendant to appear in court
Explanation:
Ramirez company installs a computerized manufacturing machine in its factory at tje beginning of the year at a cost of $44,200. The machine's useful life is estimated at 10 years or 392,000 units of production with a 5,000 salvage value. During its second year, the machine produces 33,200 units of products
Answer:
Ramirez company installs a computerized manufacturing machine in its factory at tje beginning of the year at a cost of $44,200. The machine's useful life is estimated at 10 years or 392,000 units of production with a 5,000 salvage value. During its second year, the machine produces 33,200 units of pr
write in detail about the programmes of the institute of agriculture and animal science
Answer:
The mission of the institute is to promote agricultural science and to train manpower for agricultural development focusing on teaching, research and extension.
Explanation:
ASAP Please
Shelly purchased a $50,000 nonparticipating whole life insurance policy. The annual premium was $1,278. The cash value of the policy after 10 years will be $13,740. Assume a 5% interest rate. What is the traditional net cost of this policy, per thousand per year, over the first 10 years the policy is in force?
The traditional net cost per thousand per year is $- 1.92 is the traditional net cost of this policy, over the first 10 years the policy is in force of insurance policy.
What is the traditional net cost?The shortfall in the business between premium payments as well as the total of dividend plus the cash equivalent of the insurance constitutes the traditional net cost.
Total premium over 10 years
= 10 x Annual premium
= 10 x 1,278 = $12,780
Cash value = $13,740
Net over 10 year
= 12,780 - 13,740
= -960
Net cost per year
= - 960 / 10
= -96
$50,000 non-participating cost whole life insurance policy
Hence, the traditional net cost per thousand per year
= - 96 / 50,000 x 1,000
= - 1.92
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While Davidson outlines several issues that the parties are actually not terribly divided on, he also outlines two issues that are hyper-partisan. What are these fiscal issues and why do you think that the parties are so divided? Do you lean towards the Democrat or Republican view on these issues?
Davidson mentions tweaking the fiscal answers of raising the social protection retirement age, lowering medical care for rich seniors, and raising clinical healthcare contributions.
The two fiscal issues that are hyper-partisan are as follows:
Army protection spending and problems of taxes.
- The events are so divided chiefly due to the fact they have got severe opposites points of view on several problems.
- at the issues, I lean towards the Democratic view.
Democracy is a form of government wherein the humans have the authority to planned and determine regulation, or to choose governing officials to achieve this. The U.S. is an example of Democracy, they have got a consultant democracy wherein the people choose the executive and Legislative officials for the debate over guidelines that hobby the humans.
Democracy is a gadget of government in which legal guidelines, rules, leadership, and principal undertakings of a kingdom or different polity are immediately or in a roundabout way decided via the human beings, a collection historically constituted through only a minority of the population.
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Explain the difference between an intended and realized strategy. What causes this difference?
The initial plan is a planned strategy. It turned out to be a successful plan in the end. The two are frequently dissimilar because the desired approach may not be effective or because competitors may exert pressure that necessitates shifting the strategy.
The strategy that a company intends to implement is referred to as its intended strategy. An organization's strategic plan often includes a detailed description of its intended strategies. A business plan is a name given to a strategy plan developed for a new firm.
As an individual, you might decide to exercise more than three days per week, or as a business, you might decide to launch one new product each year.
The plan that an organization really employs is known as a realized strategy. A firm's intended strategy, or what it had planned to do, its deliberate strategy, or the aspects of the intended strategy that the firm has continued to pursue over time, and its emergent strategy combine to create its realized strategies (i.e., what the firm did in reaction to unexpected opportunities and challenges).
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Richards Corporation purchased and used $75.000 of supplies during August. The purchase was on account, and had not been paid by the end of the month. The appropriate journal entry to completely account for this activity is:
The appropriate journal entry to completely account for this activity is:
Dr. Supplies expense $75,000
Cr. Accounts payable $75,000
What does purchase on account mean?
Purchase on account means that supplies whose value is $75,000 was purchased on credit with no cash payment, rather Richards Corporation promises to make payment at a later date.
In other words, we need to debit the increasing account and the fact the supplies have been used means that the supplies expense account should be debited such that the accounts payable, which indicates that the amount is owed is credited.
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Angie has two choices for living arrangements when she goes to college. She can choose to live in the dorm, which costs about $450 per month. She can walk to her classes and won’t need a car. She will also have one roommate she doesn’t know. Her other choice is to live in an apartment with two friends from high school. The apartment will cost about $500 per month, and there will be additional expenses like electricity and cable television. It is also about five miles from campus. Use the PACED decision process to decide what Angie should do. Show each step.
To use the PACED decision process and help Angie make her choice between the two living arrangement options when she goes to college, means she must take the following steps:
1. Declare the problem
2. List alternatives
3. Identify criteria
4. Evaluate alternatives
5. Make a decision
The acronym PACED therefore stands for problem, alternatives, criteria, evaluation and decision. So we will use this decision process according to Angie's information and needs.
Problem
Choosing between two living arrangement options when going to college.
Alternatives
She can live in the college dorm that costs $450 a month and can walk to her classes. The other option is to rent an apartment with friends, which will cost U$ 500 and will generate extra expenses with transport, electricity and cable TV.
Criteria
Step used to identify what makes one option better than another. In the option of living in the student dormitory, she would not have extra expenses with transportation, electricity and cable TV, in addition to the rent being cheaper than renting an apartment.
In the option of renting an apartment with friends, the benefits would be related to greater privacy, greater reliability in being with known people and greater comfort.
Evaluation
The option of living in the dormitory can be more advantageous, as it generates a reduction in expenses with rent, transport, food, electricity and time to get to classes.
Decision
The best decision for Angie at the moment would therefore be to live in the student dormitory, as it would be an opportunity to reduce her costs, meet new people and be closer to her college.
Therefore, the PACED method can be advantageous in helping to make more objective and effective decisions for different situations.
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Eagle Corporation operates Magnetic Resonance Imaging (MRI) clinics throughout the Northeast. At the end of the current period, the
company reports the following amounts: Assets = $41,000; Liabilities = $22,500; Dividends = $2,100; Revenues = $12,200; Expenses =
$8,100.
Required:
1. Calculate net income.
Net income
2. Calculate stockholders' equity at the end of the period.
Stockholders' equity
Answer:
Eagle Corporation operates Magnetic Resonance Imaging (MRI) clinics throughout the Northeast. At the end of the current period, the
company reports the following amounts: Assets = $41,000; Liabilities = $22,500; Dividends = $2,100; Revenues = $12,200; Expenses =
$8,100.
Required:
1. Calculate net income.
Net income
2. Calculate stockholders' equity at the end of the period.
Stockholders' equity
38:38
Mark is a college student and frequently needs to either rent a car or borrow his friend's car. Although he doesn't own a car of his own,
he wants to buy himself some liability coverage that would apply whenever he drives someone else's car. Which coverage should Mark get?
Mark is a college student and frequently needs to either rent a car or borrow his friend's car, Mark should get Non-owner coverage.
Non-owner coverage is non-public vehicles that your business would not own, rent, or lease. Non-owned automobile coverage helps provide legal responsibility and safety if a car you haven't leased, hired, or rented is pushed on your business and is a coincidence.
In case you drive often but do not own an automobile, a non-proprietor insurance policy provides legal responsibility coverage for bodily harm and property harm, which means that it'll cover you if you're answerable for damages or injuries in a coincidence.
Non-owner vehicle coverage is for individuals who sometimes drive an automobile they don't own but need to prove insurance. It affords liability coverage that will pay for accidents and assets that harm our purpose to other humans in a twist of fate. but, it doesn't cowl damage to the automobile you have rented or borrowed, nor for any accidents.
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Qualifications of baker
Qualifications of baker: No formal academic credential
A baker is a tradesperson who bakes and now and again sells breads and different merchandise made from flour via the use of an oven or other concentrated warmth source. The place in which a baker works is called a bakery.a person who makes breads, cakes, pastries, etc. Any avid baker knows that a success desserts and cookies regularly start with butter introduced to room temperature.
A baker is a person whose activity is to bake and sell bread, pastries, and cakes.
A Baker is a expert who prepares and develops baked items to add to a bakery's menu. they will also enhance diverse pies the use of pastry bags and put together garnishes as wanted when baking desserts, pastries, and many different dishes.Baking offers notable possibilities to upward thrust above your starting function. everyday bakers, who generally paintings in grocery shops or restaurants make, in line with the Bureau of labor records, an average annual earnings of $23,one hundred forty. skilled bakers, however, can get jobs in locations where they can earn more.
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Why do you
think it's easier to forget entrepreneurship than labor or capital?
Entrepreneurship is much less tangible than other factors of production capital, that is why it's far more hard to discover.
Entrepreneurship is the assignment of latest business ventures that could eventually become profitable agencies. Some economists identify entrepreneurship as a factor of production due to the fact it is able to boom the effective performance of a company. Land refers to herbal resources, exertions refers to work attempt, and capital is anything made that is used to make something else. The final aid, entrepreneurship, refers to the capability to place the opposite 3 sources together to create capital.
Labor refers to all salary-incomes activities, including the work of specialists, retail workers, and so forth. Entrepreneurship refers back to the projects taken by way of entrepreneurs, who commonly begin as the first people in their firms after which regularly appoint different elements of production to grow their organizations.
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