The marginal cost of providing the service, For room and board GHC = 1800 And For entertainment GHC500.
If the management is not able to identify the group of customers, it should charge the minimum price customers are willing to pay as it does not lead to losing a market share and helps to compete in the market without identifying the group of customers. But this strategy is suitable only if the management is able to recover its marginal cost.
The maximum price for room and board = GHC 2500
The maximum price for entertainment = GHC 750
The minimum price for room and board = GHC 1800
The minimum price for entertainment = GHC500
Marginal cost = GHC1000
The minimum price customers are willing to pay = is GHC(1800 + 500).
Thus, The marginal cost of providing the service
For room and board GHC = 1800
And For entertainment GHC500
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A colleague at work learned that your company, an industrial supply company, has been offering kickbacks to purchasing officers to secure contracts. She asks you whether she should do anything. What step do you suggest she take?
Do nothing.
Identify other purchasing officers who might like to earn a kickback.
Quit.
Blow the whistle and disclose the unethical conduct.
We can actually deduce here that the step I will suggest she takes on the issue is to: Blow the whistle and disclose the unethical conduct.
What is business ethics?Business ethics refers to the set of standards and principles that are set-up by a firm or an organization which is used to checkmate the morally right and wrong conducts in business.
We see here that in the given scenario, receiving of kickbacks in order to secure contracts is morally wrong. It is a a form of receiving bribes in order to get contracts.
Such unethical conduct must be exposed and abolished.
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characteristics of close corporation
Features of a close corporation:-
Designed for a small, cohesive organization.Confined to no greater than 30 shareholders.Organization can not emerge as publicly traded.Removes control by means of a Board of directors.Shareholders expect the duties of the directors and immediately manage the agency.A corporation is a business enterprise—commonly a group of humans or an organization—legal through the state to behave as an unmarried entity and diagnosed as such in law for certain purposes. Early incorporated entities were hooked up by way of constitution. Maximum jurisdictions now permit the creation of latest corporations via registration.
A company is a business entity that is owned with the aid of its shareholder(s), who decide on a board of directors to oversee the business enterprise's sports. The organisation is accountable for the moves and price range of the commercial enterprise – the shareholders are not.
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One possible way to overcome procrastination is to trick yourself by doing anything
that will draw you into a task.
True or False
trueeeeeeeeeeeeeeeeeeee
Answer:
18 25
Explanation:
List whole numbers between 18 and 25
Which of the following is a limitation of ratio analysis? Question content area bottom Part 1 A. Financial ratios cannot be used to assess a firm's profitability. B. Ratio analysis assumes that inflation has no effect on a firm's business. C. It is difficult to access audited financial statements for ratio analysis. D. Ratios that reveal large deviations from the norm merely indicate the possibility of a problem.
Ratios that reveal large deviations from the norm merely indicate the possibility of a problem is a limitation of ratio analysis. Option D
This is further explained below.
What is ratio analysis?Generally, A financial ratio, also known as an accounting ratio, is the ratio of the size of two specific numerical values that have been extracted from an organization's financial statements.
There are a number of standard ratios that are used to attempt to analyze the overall financial state of a business or other organization. These ratios are often used in accounting.
In conclusion, Limitations of ratio analysis include the fact that ratios that highlight significant departures from the average may only point to the existence of a potential issue.
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Ratio analysis is the analysis of various line items of financial statement. We have horizontal analysis which measures or analyses changes across time period e.g from year 2 to year 1 and vertical analysis which measures line item as a percentage of a base figure e.g total assets, net income etc. One of the usefulness of ratio analysis is that it is used to make comparison between different competitors in the same industry or used to compare the performance of a particular company over the years.
The limitations of ratio analysis are(not limited to the following):
1. It assumes that inflation has no effect on a firm's business(Option B)
2. Companies are not the same
3. Different firms in the same industry can use different accounting policies
Therefore, the answer to the question is option B - It assumes that inflation has no effect on a firm's business
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which of the following best represents the core goal of ISO 26000?
The core goal of ISO 26000 is to assist organizations in contributing to sustainable development.
What is ISO 26000?This is the international guidelines that were formed for social responsibility. The definition is from the fact that it was created as an international standard that helps to effectively carry out the assessments that would be able to help in the addressing of all social responsibilities that are necessary to the environment, the mission and the goals of the company and to the environment around.
Hence we can say that the core goal of ISO 26000 is to assist organizations in contributing to sustainable development.
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Brockman Corporation's earnings per share were $3.50 last year, and its growth rate during the prior 5 years was 11.6% per year. If that growth rate were maintained, how many years would it take for Brockman's EPS to triple?
Select the correct answer.
a. 12.41
b. 10.01
c. 2.81
d. 7.61
e. 5.21
It would take 10.01 years for Brockman's EPS to triple.
What is future value?
The future value of the current earnings per share of $3.50 is its future worth in future years if it continues to increase at its growth rate of 11.6%, hence, based on the future value formula for a single cash flow below, we can determine the number of years it takes the EPS to triple:
FV=PV*(1+r)^N
FV=tripled EPS=$3.50*3=$10.50
PV=present EPS=$3.50
r=annual growth rate=11.6%
N=number of years it takes EPS to triple=unknown
$10.50=$3.50*(1+11.6%)^N
$10.50/$3.50=(1+11.6%)^N
3=1.116^N
take log of both sides
ln(3)=N ln(1.116)
N=ln(3)/ln(1.116)
N=10.01
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The EURO is currently used in
Answer:
You can use the euro in 19 EU countries: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain.
How does scarcity affect you and your life? Provide at least three examples of items that you have had to do without because of limited resources. How did you adjust to this situation? Were you able to find suitable substitutions?
Scarcity affects me by compelling me to choose between competing social goods. Three examples include owning a nice home, buying gas, and owning a high-end smartphone. Adjusting to scarcity means substituting these with owning an apartment, using public transport, and buying cheaper smartphones.
Scarcity is the basis for economics, as the latter is primarily concerned with the allocation of limited resources. It arises when the demand for goods is greater than its supply. In such cases, since it is not possible to acquire all the goods that one desires, one is compelled to find substitutes for goods that one cannot afford.
For example, the substitutes for a house, using one’s private vehicle, and owning a high-end smartphone is to buy an apartment, switch to public transport, and buy cheaper smartphones.
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If a storm occurs on the night of a football game, research suggests that people are more likely to risk their personal safety in the storm if they paid for the football ticket versus if it was a freebie. This is an irrational behaviour because the risk is the same regardless of whether they paid for the ticket or not. This behaviour could best be described by which of the following mental biases?
This behaviour could best be described as sunk cost fallacy.
What is sunk cost fallacy?Sunk cost is a cost that has already been incurred. For example, when people pay for a ticket before a match, the cost of the ticket paid is known as sunk cost.
Economic theory suggests that sunk cost should not be considered when making future decisions. So, when making future decisions about if to attend the game or not, the amount paid for the ticket should not be considered.
Sunk cost fallacy is when sunk cost is considered when making future decisions. Sunk cost fallacy leads to suboptimal outcomes.
For example, assume that the cost of the tickets is $50. The tickets were bought months to the game. Days to the game, it is announced that there might be a storm. According to the sunk cost principle, those who have bough the ticket should not consider the amount paid for the ticket when deciding if to go for the game or not. What should be considered is their personal safety. Those that consider the cost of the ticket when making a decision on if to attend the game are committing the sunk cost fallacy.
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Please discuss the evolution of MNE business strategy and how HR policies have been adapted to address the changes.
The evolution of MNE business involve the migration, cross border transactions, etc.
How to explain MNE?The advantage of multinational enterprises (MNEs) as an institutional form for regulating cross-border transactions, the chance to integrate knowledge from various geographic sources, and the necessity of striking a balance between efficiency, flexibility, and learning priorities are all discussed in the MNEs' strategy.
The typical processes of commerce, foreign direct investment, money movements, migration, and the development of technology in underdeveloped countries are how international business development develops. Business professionals frequently need to find strategies to adapt to the cultures and civilizations in which they operate and conduct business in order to achieve sustained global business development.
Many businesses in the developed world are entering these markets to supply goods and services to the consumers in the emerging middle classes of countries like Brazil, Russia, India, China, and South Africa (the BRICS countries), and business development specialists build the necessary legal, financial, and cultural bridges between supplier and consumer.
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are there public functions that might benefit from more competion, including competition from private firms?
The public would gain from more competition in the highway and education sectors, among other public services. In order to maintain their jobs, there would be more motivation to work.
How Do Private Companies Work?
A business owned privately is known as a private corporation. Private businesses may issue stock and have shareholders, but their shares are not offered through an initial public offering or traded on public markets (IPO). Private corporations are therefore exempt from complying with the onerous filing requirements set down by the Securities and Exchange Commission (SEC) for public enterprises.
These companies generally have less liquid shares, making it more challenging to estimate their values.
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Does the restaurant industry seem like a stable option for aspiring entrepreneurs to pursue
Yes, restaurants Industry seems like a great option for aspiring entrepreneurs to pursue. This however depends on the location in questions.
What is this so?The Chain Restaurants industry's market size is predicted to grow 13.5% by 2022.
What is the estimated market size of the Chain Restaurants industry in the United States in 2022?In 2022, the Chain Restaurants business will generate $50.9 billion in sales.
From the above, it is clear that there is room for growth, innovation, competition by differentiation, an as such opportunities.
Hence it is right to conclude that restaurants Industry is a great option for aspiring entrepreneurs to pursue.
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What is important to consider about a facility for a business?
The physical nature of a business facility helps to stimulate the growth of that business. Below you can read more about the importance of securing a good facility for a business.
Importance of Facility in Businessthe importance of a well positioned and safe facility cannot be overemphasized. These importance include the following
It help in saving cost.Helps in improving operational efficiency.Serves as a place where customers can be attended toIt increases employee moraleIt sets a good impression on visitorsServes as a good security barrier.Learn more about Facility Management at https://brainly.com/question/13837990
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PLEASEEEEE!!!!!!!!!!!!!Which describes an individual’s net income?
An individuals net income is the net income that is taken to home by an individual after all deductions of tax, pension and insurance contributions.
What is Net Income?Net income is the income that is netted off of expenses that are directly related. Most common example of a net income is the net profit that is calculated in the income statement, revenue is deducted by the cost of goods sold and so the result is a net income.
The net income of an individual is also similar to this example. In an individual's net income the income that is taken to home to be utilized and consumed is the net income. Net income is the income of an individual netted off from the taxes, insurance payments and pension contributions. In short the income that is credited to an individual’s account.
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The law in your state allows an employer to create an
enforceable agreement that restricts an employee's
postemployment activities as long as the restriction is
reasonable in terms of purpose, geographic area, and
duration. Your employer is a dominant force in the
technology industry, an industry that is ever changing at
a rapid pace. As a result, top employees want the flex-
ibility to move from company to company. Of course,
having and keeping top employees is a competitive
advantage. Assume that you are an executive charged
with determining whether your firm will embrace a
postemployment restriction within its contracts of
employment. If you adopt a justice theory approach,
what result might you adopt, and why? If you adopt a
utilitarianism approach, what result might you adopt,
and why?
Utilitarian theory respects all persons equally without particular regard and assists people in making moral decisions. The utilitarian theory provides a basic technique. According to utilitarian philosophy, humans value all moral terms such as self-sacrifice, justice, and honesty.
There are various philosophies of justice, including utilitarianism, justice as fairness, and libertarianism. Utilitarians were those who supported utilitarian doctrine. With utilitarian theory being one of the theories of justice, the researcher was compelled to investigate how the theory provides justice to people, how it impacts human behaviour, and the issues the theory faces in the present world. Act utilitarians argue that their theory gives compelling grounds to reject many conventional moral statements and substitute them with moral perspectives based on the consequences of actions. People who are persuaded by act utilitarianism's critics may decide to abandon utilitarianism outright and adopt another form of moral theory.
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If Martha tells employees to "do a better job of selling" in the month of December, then employees might fall to accomplish this goal. why do you think workers might fall short?
If Martha tells employees to "do a better job of selling" in the month of December, then employees might fall to accomplish this goal. The goal is not specific and measurable.
The maximum essential commonplace regulation definition of a worker is a person you rent and pay normal wages to perform a specific system, with the employer controlling how the artwork is carried out. For employees, an organization need to withhold profits taxes and pay Social safety, Medicare taxes, and unemployment taxes on any wages paid.
The definition of an employees is one which works for someone else or a business enterprise in exchange for wages or a few specific agree-to repayment. An example of employee is a person who's hired thru McDonald's and is paid a certain sum of money for each hour labored.
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why would it probably be a surprise to a stockbroker when a stock is priced very low and then goes on to increase in value quite suddenly?
Answer:
Well, it started low and suddenly started to go up. It's something that just isn't expected especially in stocks.
What amount of capital can eskom raised
According to S&P Global, Eskom's can fund its 2023 financial estimated budget funding requirements for as much as 45 billion rand ($2.64 billion).
This represents about 15 billion rand increment from a previously estimated 30 billion rand, due to lower revenues and higher costs.
What is Eskom?Eskom is a South African company with interests in public electricity. It was founded in 1923 as the Electricity Supply Commission and was also referred to its Afrikaans name. Eskom represents South Africa in the Southern African Power Pool.
According to its projections for its 2023 financial year budget, the company were expected to fund their budget with about 30 billion rand. However, there is a possible increment in its financial budget to about 45 billion rand which represents an additional 15 billion rands.
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1. How many units will the domestic firms produce without a tariff if the foreign producer can sell the product at a $4 price?
Since the approval of the North American Free Trade Agreement (NAFTA), the value of U.S.
exports to Mexico and Canada has increased. True or False
True - Since the endorsement of the North American Free Exchange Understanding (NAFTA), the esteem of U.S. exports to Mexico and Canada has expanded.
The Canadian economy has massively benefited from NAFTA. It has created new export prospects, encouraged the development of globally competitive enterprises, and attracted considerable foreign investment.
The North American Free Trade Agreement (NAFTA): What Was It?
To encourage trade between the United States, Canada, and Mexico, the North American Free Trade Agreement (NAFTA) was put into effect. On January 1, 1994, the agreement, which removed the majority of economic barriers between the three nations, came into force. Between January 1, 1994, and January 1, 2008, a number of tariffs—particularly those pertaining to agricultural goods, textiles, and automobiles—were gradually phased out.
Has NAFTA boosted American exports?
Trade between North America's three countries has grown significantly since the implementation of the North American Free Trade Agreement (NAFTA). The United States has seen a 150% increase in exports to Mexico and a 66% increase to Canada.
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Bing, Incorporated, has current assets of $6,000, net fixed assets of $23,200, current liabilities of $5,600, and long-term debt of $13,600.
a. What is the value of the shareholders’ equity account for this firm? (Do not round intermediate calculations.)
b. How much is net working capital? (Do not round intermediate calculations.)
We are aware that the total assets of $29,200 must match the total liabilities and owners' equity (TL & OE). We also know that TL & OE equals owners' equity plus long-term debt, hence owners' equity is:
Owners' equity is $29,200 minus 13,600 minus 5,600.
$10,000 is the owners' equity.
Net working capital (NWC), however, is
Current Assets - Current Liabilities = NWC
NWC = $6,000 - 5,600
NWC = $400
NWC: What is it?
The difference between a company's current assets—such as cash, accounts receivable/unpaid invoices from customers, and inventories of raw materials and completed goods—and its current liabilities—such as debts and accounts payable—is known as working capital, sometimes known as net working capital (NWC).
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9) Which of the following statements is an example of the behavioral component of an attitude? A) I have decided to apply for the position of a campaigner in the climate department. B) I am thrilled to know that the human resource department is looking for a climate campaigner. C) The position of a climate campaigner is challenging and interesting. D) The position of a climate campaigner will allow me to explore my skills as a campaigner. E) I think the position of a climate campaigner involves extensive travel.
Answer: A) I have decided to apply for the position of a campaigner in the climate department.
Explanation:
Which statement about the Federal Reserve Bank (the Fed) is most
accurate?
Multiple Choice
O
The Fed manages the U.S. money supply and
interest rates.
The Fed is an agency of the U.S. Treasury
Department that has the responsibility of
collecting tax receipts for the IRS.
The Fed is the agency of the government that
ensures that the United States maintains enough
gold reserves to pay any foreign debts that result
from international trade.
The Fed is the primary government agency
involved in carrying out our nation's fiscal policies
Answer:
The Fed manages the US money supply and interests rate
A company is in its first month of operations. The company performed $2,000 worth of services on January 28. The company expects to receive payment on February 15. What adjusting entry would be made at the end of January? Post the adjusting entry for the scenario provided.
Debit Accounts Receivable $2000. Credit Service Revenue $2000.There would still be open transactions if there were no adjusting entries made to the journal.
What Is a Journal Entry for Adjusting?
A general ledger entry known as a "adjustment journal entry" is made at the conclusion of an accounting period to report any unrealized income or costs during the time. An adjusting journal entry is necessary to correctly account for a transaction that began in one accounting period and ended in another. Adjusting journal entries can also be used to describe financial reporting that fixes an error from a prior accounting period.
Why Is It Important to Correct Journal Entries?
There are occasions when one accounting period will expire with such a scenario still unresolved because many businesses operate where real delivery of items may be delivered at a separate time than payment (either beforehand in the case of credit or after in the case of pre-payment). In this situation, the discrepancies in the timing of payments and expenses are reconciled using the adjusting journal entries.
When you close your books, a few end-of-period changes must be made. At the conclusion of an accounting quarter, adjusting entries are produced to account for items that weren't captured in your daily transactions. A general journal is where adjusting entries are made in a conventional accounting system.
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Bob is a self-employed lawyer and is required to take a week of continuing legal education every year to maintain his license. This year he paid $1,295 in course fees for his continuing legal education in a different city. He also paid $467 for airfare and a hotel room and paid $250 for meals, all of which were provided by the hotel’s restaurant. Bob also purchased a $6 bag of snacks from a newsstand while waiting for his plane in the airport because he missed lunch.
What is the total amount he can deduct on his Schedule C related to these expenses?
Based on the requirements of Schedule C, the total amount that Bob can deduct related to these expenses is $1,887
How much can Bob deduct?Bob can deduct only 50% of his expenses for meals but can deduct the full airfare and course fees in Schedule C.
The total that Bob can therefore deduct from his Schedule C for those expenses is:
= 1,295 + 467 + (250 x 50%)
= 1,295 + 467 + 125
= $1,887
In conclusion, the total amount that Bob can deduct in Schedule C as relates to his expenses is $1,887.
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Which of the following is a potential reason for an employer to say "no" after looking at your application. Choose all that apply. A. Submitted an incomplete or unreadable application B. Submitted an incomplete or unreadable application C. Requested a salary higher than the one publicized D. Left gaps in work history Left gaps in work history E. Had been fired from several jobs Had been fired from several jobs
From the following a potential reason for an employer to say "no" after looking at your application would be that, you may left gaps in work history, and had been fired from several jobs.
A gap in work history or academic studies can be a spike in your career profile. Sob if If your job application reveals an employment gap, expect the employers to inquire. Also, if you had been fired from several jobs, this might be something to be paid attention to by an employer.
The most common form of gap reference is to obtain written confirmation from a professional referee or a character referee who would be knowing the candidate during the gap period in question.
Hence, options D and E are correct.
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Market trends of software engineer
Question 3 of 20
Which person did not use a cost-saving strategy when deciding how to spend
their money?
O A. Caleb bought a computer he could upgrade as newer video cards
became available instead of the computer that could not be
upgraded.
B. Lin had decided to buy the cheapest of three fitness cameras, but
she changed her mind when she read the return policy.
C. Abram used comparison shopping to decide which pair of new
jeans would be the best value.
D. Juanita had planned to save for her new video game, but instead
she used a credit card because her friends wanted her to play with
them.
By analyzing current expenses and identifying opportunities to reduce internal costs, cost-saving measures can help firms save money.
Businesses can obtain a competitive advantage and improve their bottom line by integrating cost-cutting measures into their organizational plans. Reduce employee expenses. Employee costs are prioritized in cost reduction plans via wise decision-making.
Cut back on material costs. Any business owner is aware that materials take up a significant portion of the budget.
Reduce overhead costs.
Buy to Save.
Operations Based on Robots.
The advantage gained from taking steps to lower an organization's overall expenditure on assets, which has a direct influence on its bottom line, is known as cost savings. Cost-saving measures can include increasing productivity and obtaining reduced supply purchasing costs.
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Mistakes People Make Worksheet 3.9.2 List the 6 mistakes people make while making decisions and explain the mistake. Next, give an example of a decision that would illustrate the mistake. Lastly 1 Class Period: EXPLANATION Date: EXAMPLE WAS THERE A MORE RATIONAL DECISION?
Mistakes people make while making decisions and explain the mistake
Don't face reality - Fall into self-deception.Go with the flow.Too quick to risk. - Rushing to work or home can lead to aggressive driving.Relying too much on intuition. - One of the main reasons against relying on intuition is that intuition can be unreliable and biased.To marry your own thoughts.In summary, we talked about his eight common types of bias. Overconfidence, fixation, affirmation, availability, escalation of commitment, random errors, risk aversion, retrospective bias to confront past mistakes, and bias to face fear and pain. process emotions.
People have shown an amazing ability to deceive themselves and distort their misbehavior in order to reflect positively on themselves. Can make us happier if it means being open.
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principles of accounting
Answer:
Accrual principle
Matching principle
Historic cost principle
Conservatism principle
Principle of substance over form