a) The lemons problem can cause financial markets to fail since it encourages fraud and poor quality items in the market. In an inefficient market, it's the difference in the cost of a particular item between the quality of the good and the cost of the subpar good. In an efficient market, the risk of fraud decreases. The premium an inefficient market places on good items raises the cost of quality items to reflect the potential of subpar items entering the market.
b) Stock and equity markets have various "lemon" issues that can occur: Insider trading is one of the issues that can emerge in the stock and equity market. People with insider information have an unfair advantage in the market, which can cause losses to innocent traders. Overpriced assets: This can happen when companies sell shares that are overpriced. These shares are not worth the value they are being traded for in the market. Biased ratings: Ratings can be biased if the analysis is done by insiders or by people who have a financial interest in the stock or equity. Counterfeit shares: This is when shares that don't exist in reality are traded in the market.
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Pina Corporation purchases a patent from Blossom Company on January 1,2025 , for $59,000. The patent has a remaining legal life of 15 years. Pina estimates the patent will have a useful life of 10 years, based on expected product innovations in the market. Prepare Pina's journal entries to record the purchase of the patent and 2025 amortization. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.)
The journal entries to record the purchase of the patent and 2025 amortization for Pina Corporation would be as follows:
Purchase of the patent:
Date: January 1, 2025
Patent (Asset) $59,000
Cash (or Accounts Payable) $59,000
Explanation: This entry records the purchase of the patent from Blossom Company. The patent is recorded as an intangible asset on the balance sheet, and the cash (or accounts payable) is decreased by the amount paid for the patent.
2025 Amortization:
Date: December 31, 2025
Amortization Expense (Operating Expense) $5,900
Patent (Asset) $5,900
This entry records the amortization expense for the year 2025. The patent's useful life is estimated to be 10 years, so the annual amortization expense is calculated as the purchase price divided by the useful life. In this case, $59,000 divided by 10 years equals $5,900. The amortization expense is recognized as an operating expense, and the patent's carrying value is reduced accordingly.
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scarcity is an economic problem with which all societies are faced.
true or false
Scarcity, which deals with how people satisfy their limitless wants and needs with scarce resources, is one of the key concepts in economics.
Was Limitless cancelled?
Critics had mixed opinions to Limitless when it made its CBS debut on September 22, 2015. The sitcom was canceled by CBS after a single 22-episode season that finished on April 26, 2016. Showrunner Craig Sweeny made the announcement. After over four years after on US Netflix, the brief Limitless, a CBS crime drama, will soon end its run. Here's why it's quitting, where it's probably going, and why it only lasted one season.
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In the context of the pre- and postproduction services perspective of a value chain, which of the following statements is true of postproductioan services? a. They focus solely on gaining new customers b. They include contract negotiations 10 c. They focus on keeping existing customers 11 d. They include good and service guarantees
The statements is true of postproduction services is c. They focus on keeping existing customers.
In the context of the pre- and postproduction services perspective of a value chain, postproduction services focus on keeping existing customers. This includes providing customer support, handling returns or exchanges, and offering warranties or guarantees. These services are important for maintaining customer satisfaction and ensuring that customers continue to do business with the company.
In contrast, preproduction services focus on gaining new customers and include activities such as market research, product development, and contract negotiations. These services are important for attracting new customers and creating products or services that meet their needs.
Overall, both pre- and postproduction services are important for a company's success and play a crucial role in the value chain.
So, In the context of the pre- and postproduction services perspective of a value chain, which of the following statements is true of postproductioan services is C. They focus on keeping existing customers
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What Does Professionalism Mean to You?
If the price of biscuit per packet increased from N250 to N500 and the quantity bought per week decreased from 300 to 200 packets, determine the elasticity of demand for biscuit.
Answer:
The the elasticity of demand for biscuit is -0.33.
Explanation:
Elasticity demand is the degree of responsiveness of quantity demanded for a commodity to a change in the price of that commodity.
The elasticity of demand for biscuit can be calculated using the following elasticity of demand formula:
Elasticity of demand = Percentage change in Qd / Percentage change in price .................. (1)
Where Qd denotes quantity demanded.
Percentage change in Qd = [(New Quantity - Old Quantity) / Old quantity] * 100 = [(200 - 300) / 300] * 100 = -33.33%
Percentage change in price = [(New price - Old price) / Old price] * 100 = [(N500 - N250) / N250] * 100 = 100%
Substituting the values into equation (1), we have:
Elasticity of demand = -33.33% / 100% = - 0.33
Therefore, the the elasticity of demand for biscuit is -0.33.
Note that since -0.33 in absolute term |-0.33| is less than 1, the demand for biscuit is inelastic. That is, the change in the quantity demanded for biscuit responds less than the change in its price.
why is training important for a good job?plz answer
"Production and marketing are like the scissor's blade, one is no good without the other." Justify this statement with suitable example
Answer:
Explanation:
The given statement is absolutely correct. As both blades of scissor is equally important to cut a piece of cloth similarly production and marketing both are dependent on each other to work efficiently.
Before the production of any item, pre-marketing is done to ensure the sale is followed by production, and to enhance the sale post- marketing is planned.
For eg : an XYZ product is manufactured, but the company doesn't have the marketing skills there will be no sale. So if the production is at peak but the company doesn't market it. so all the production woulkd be useless because marketing increase sale as well as ensure the margin.
Hence, production is incomplete without marketing and vice versa
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Broussard Skateboard's sales are expected to increase by 15% from $8.6 million in 2019 to $9.89 million in 2020. Its assets totaled $3 million at the end of 2019. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2019, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 4%, and the forecasted payout ratio is 60%. Use the AFN equation to forecast Broussard's additional funds needed for the coming year. Enter your answer in dollars. For example, an answer of $1.2 million should be entered as $1,200,000. Do not round intermediate calculations. Round your answer to the nearest dollar.
The Additional Funding requirement (AFN) will be $743,240.
Additional funding needed for next year [AFN]
Next year's expected sales = $9,890,000
Profit margin after tax
Profit margin after tax = next year's expected sales × profit margin
= $9,890,000 × 4.00%
= $395,600
Dividend pay-out
Dividend pay-out = after tax profit margin × dividend payout ratio
= $395,600 × 60%
= $237,360
Add to retained earnings
Additions to retained earnings = profit margin after tax - dividend pay-out
= $395,600 - $237,360
= $158,240
Increase in total assets
Increase in total assets = Total assets × percentage increase in sales
= $3,000,000 × 15%
= $450,000
Increase in spontaneous responsibilities
Increase in accrued liabilities = [accounts payable + accruals] × percentage increase in sales
= [$450,000 + $450,000] × 15%
= $900,000 × 15%
= $135,000
Additional Funding Needed [AFN]
Therefore, Additional Funds Needed [AFN] = Increase in total assets - Increase in outstanding liabilities - add in retained earnings
= $450,000 - $135,000 - $158,240
= $743,240
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Brie just created the blueprint of a deck using her computer software. She then sent the design to Gunther, who estimated the total cost of wood, hardware, and other materials that might be used. The plans were then sent to Justin, who ordered the supplies and did the physical labor. Which best describes the jobs of each individual based on the tasks performed?Brie works in Maintenance, Gunther works in Construction, and Justin works in Design/Pre-Construction.
Brie works in Design/Pre-Construction, Gunther works in Construction, and Justin works in Maintenance.
Brie and Justin work in Construction, and Gunther works in Design/Pre-Construction.
Brie and Gunther work in Design/Pre-Construction, and Justin works in Construction.
Answer:
The answer is D
Explanation:
Answer:
Its D
Explanation:
identify three of the many shared ethical standards among businesses that are incorporated in codes of ethics
Measuring conversions is a good way to calculate your ROI. Which of the following is a commonly calculated conversion? a shares, b sediment, c downloads, d likes
A commonly calculated conversion from the list is shares. The answer to this question is option a.
What are shares?Shares can be described as a unit that is called mutual funds. The owner of a share is regarded as a shareholder.
Shares can be converted to be money. Therefore it is the best answer to this question.
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normative statements involve value judgement is these statemen true or false?
Answer:
A normative statement is one that makes a value judgment. Such a judgment is the opinion of the speaker; no one can prove that the statement is or is not correct
Explanation:
This institution has historically served as the principal vehicle through which the money supply of the United States is expanded or contracted. This practice continues today.
Answer:
Commercial Bank
Explanation:
Commercial banks are the institutions that deal with the finances. They provide loans, and accepts deposits as savings. These financial institutions are a means of financial assistance to the public. Financial services and assistance helps in the growth and establishment of the economy. The process of commercial banking is intended towards growth and the earning of profit altogether.
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The marketing manager at a company producing laundry products sees great
long-term profits from selling to many consumers worldwide who care about
low prices. Which of the following tactics would best support this manager's
low-price strategy?
A. Develop products with more features than the competition offers
B. Design simple, inexpensive packaging
C. Offer a customer help line for advice in using the products
D. Work with retailers that specialize in speedy checkout and fast
delivery
The tactics that would best support this manager's low-price strategy is Designing simple, inexpensive packaging. Thus option B is correct.
What is the manager?A manager refers to a person who is responsible head of any project and helps in arranging the resources, checking the progress, and timely completion of it in order to achieve the vision and goal of the organization.
In order to cater to a large number of potential consumers the low pricing strategy is used where the manager focuses on simple and inexpensive designs which help in the affordability of consumers.
Therefore, option B is appropriate.
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chuck, a single taxpayer, earns $76,200 in taxable income and $11,300 in interest from an investment in city of heflin bonds. (use the u.s. tax rate schedule.) required: if chuck earns an additional $40,000 of taxable income, what is his marginal tax rate on this income? what is his marginal rate if, instead, he had $40,000 of additional deductions?
The required marginal tax rate is 32% and 22%, respectively.
Chuck, a single taxpayer, earns $76,200 in taxable income and $11,300 in interest from an investment in the City of Heflin bonds.
If Chuck earns an additional $40,000 of taxable income, his marginal tax rate would be 32%. If Chuck had $40,000 of additional deductions, his marginal tax rate would be 22%.
Given,Chuck earns $76,200 in taxable income and $11,300 in interest from an investment in the City of Heflin bonds.As per the U.S. tax rate schedule,Chuck's taxable income would be:$76,200 + $11,300 = $87,500
Now, we need to calculate his marginal tax rate on the additional $40,000 of taxable income.Using the U.S. tax rate schedule, his marginal tax rate would be 32% if Chuck earns an additional $40,000 of taxable income.
Now, if Chuck had $40,000 of additional deductions, his taxable income would be:$76,200 + $11,300 - $40,000 = $47,500.Now, we need to calculate his marginal tax rate if he had $40,000 of additional deductions.
Using the U.S. tax rate schedule, his marginal tax rate would be 22% if Chuck had $40,000 of additional deductions.
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FILL THE BLANK.
for workplace safety violations, osha holds _____ ultimately responsible.
For workplace safety violations, OSHA holds employers ultimately responsible.
OSHA, which stands for the Occupational Safety and Health Administration, is a federal agency in the United States that is responsible for enforcing health and safety regulations in the workplace. Their mission is to ensure safe and healthy working conditions for employees.
Under OSHA regulations, employers have the primary responsibility for providing a safe and healthy work environment for their employees. This includes identifying and addressing potential hazards, implementing safety programs, providing appropriate training, and maintaining compliance with OSHA standards.
When workplace safety violations occur, OSHA holds employers accountable for their failure to meet their legal obligations. This means that employers can be held liable for violations such as failure to provide proper safety equipment, inadequate training, lack of hazard communication, or failure to maintain a safe work environment.
OSHA has the authority to conduct inspections, investigate complaints, and issue citations and penalties for violations. The severity of the penalties depends on the nature of the violation, the level of non-compliance, and the potential harm or risk to employees.
It is important for employers to understand their legal responsibilities and comply with OSHA regulations to ensure the safety and well-being of their employees. By holding employers ultimately responsible for workplace safety violations, OSHA aims to promote a culture of safety and prevent workplace accidents and injuries.
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PLEASE
what is lean production? in details (GCSE) keywords.
Answer:
actually I am very sorry I didn't learn this I don't take business
Explanation:
Sorry would there be anything else I can help u with
Georgina puts $45 into an account which pays interest at a rate of 5.2% per year. How much money would she have after a year
Answer:
The money transfer to the bank accountwhy is self-representation important in the corporate world?
The correct answer is A. It determines the kind of interaction you have with your coworkers.
What is self-representation?Self-representation is the word used to describe people's conceptions, ideas, and beliefs about themselves and how these ideas, beliefs, and conceptions affect the way they present themselves to others.Additionally, one's self-perception affects attitudes, behaviors, and interactions with others. For instance, if you think of yourself as superior to others, you probably have arrogance, which will negatively affect your dealings with others. This is especially important in the business environment because it may have an impact on relationships with colleagues. This states that self-representation is crucial because "it controls the interactions you have with your coworkers." A is the right response. Your interactions with coworkers are influenced by it.The complete question is,
Why is self-representation important in the corporate world?
a. It determines the kind of interaction you have with your coworkers.
b. It determines the percentage of salary increases during appraisals.
c. It shows that you are an honest person with strong work ethics.
d. It shows your self-management abilities.
e. It helps you avoid conflicts
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Oh boy not much points left better get some
Answer:
Im so confused
Explanation:
:)
Answer:
..........
Explanation:
Based on historical figures, how much would you gain or lose by putting your money in a savings account compared to investing in the stock market?
A:You will lose $3.3 to 4 million by putting your money in a savings account compared to investing in the stock market.
B:You will gain $3.3 to 4 million by putting your money in a savings account compared to investing in the stock market.
C:You will lose $4.4 to 5 million by putting your money in a savings account compared to investing in the stock market.
D: You will gain $4.4 to 5 million by putting your money in a savings account compared to investing in the stock market.
You will gain $4.4 to 5 million by putting your money in a savings account compared to investing in the stock market. So, the correct answer is option D.
Due to their security, dependability, and liquidity, savings accounts are a wonderful place to keep money set aside for a future need. Your emergency fund and savings for short-term objectives, such as a trip or house maintenance, can be kept in these accounts.
In addition to having immediate access to your money when you need it, savings accounts frequently provide better interest rates than checking accounts. Even some savings accounts that offer an APY greater than money market accounts may be found. While high-yield savings accounts typically pay approximately 0.6 percent annual percentage yield (APY), the average APY on savings accounts is only 0.06 percent.
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assets used as a guarantee or security for the payment of a loan are known as collateral. true false
The statement "assets used as a guarantee or security for the payment of a loan are known as collateral" is true. Collateral refers to assets that are pledged by a borrower to secure a loan from a lender.
In the event that the borrower fails to repay the loan, the lender has the right to seize and sell the collateral to recover their losses.
Collateral helps to minimize the risk for lenders by providing them with a means to recover funds if a borrower defaults on their loan.
Common types of collateral include real estate, vehicles, equipment, and investment accounts.
By requiring collateral, lenders are better protected and may offer more favorable loan terms, such as lower interest rates or higher loan amounts, to the borrower.
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Clarity the similarities and differences
between plough and tractor.
Answer:
Explanation:
1. Plough is a local technology whereas Tractor is a modern technology.
2. Plough requires human energy whereas Tractor does not require much human energy.
3. Plough doesn’t affect the environment whereas Tractor affects the environment.
4. Lever technology is used in Plough whereas Rolling technology is used in Tractor.
5. Plough requires or consumes more time whereas Tractor consumes less time.
Hope this helped!!!
TRUE / FALSE. a food and beverage company like pepsi would most likely use process costing.
True. A food and beverage company like Pepsi would most likely use process costing. Process costing is an accounting method used by businesses that produce large quantities of identical products
A food and beverage company like Pepsi would most likely use process costing. This method is particularly suitable for the beverage industry, where companies like Pepsi manufacture large volumes of standardized beverages. This means that the production cost of each unit is relatively low and the cost of production is spread over all units produced.
Process costing allows the company to determine the cost per unit by dividing the total cost of production by the total number of units produced. This method of costing is efficient and effective for companies that produce a large number of identical products through a continuous process. By using process costing, Pepsi can efficiently track and allocate production costs, ensuring accurate product pricing and informed financial decision-making.
In conclusion, process costing is a costing method that is used in industries where a large number of identical products are produced through a continuous production process. Therefore, it is most likely that a company like Pepsi would use process costing to determine the cost of their beverage products.
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suppose french government imposes a quota on international trade of cars. it means it will:group of answer choicesprohibit import of cars altogether;prohibit export of cars altogetherrestrict the quantity of cars france may export;restrict the quantity of cars france may import;
The French government's imposition of a quota on the international trade of cars would restrict the number of cars France may import. This means that there would be a limit on the number of cars that can be imported into the country from foreign markets.
A quota is a trade restriction imposed by a government to limit the quantity of goods that can be imported or exported. In this case, the French government is implementing a quota specifically on the import of cars. By setting a restriction on the number of cars that can be imported, the government aims to control and limit the inflow of foreign cars into the domestic market. This measure can serve various purposes, such as protecting domestic car manufacturers, promoting local industries, or managing trade imbalances. By limiting the number of imported cars, the government can influence the supply and demand dynamics in the domestic market, potentially supporting domestic car producers and ensuring the stability of the local automotive industry.
It's important to note that a quota specifically targets imports and does not necessarily restrict the export of cars from France. The focus is on controlling the inflow of foreign cars into the country while allowing domestic manufacturers to compete in the market.
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Which area of law does notmainly consist of common law? TortsBankruptcyContracts Agency
The Bankruptcy of law does not mainly consist of common law. Bankruptcy law does not mainly consist of common law, but instead is mainly composed of statutory law, which is the law created by; legislatures and other government bodies.
Bankruptcy law is a body of federal law that governs how individuals and businesses can restructure their debts and assets to get relief from creditors. this relief comes in the form of chapter 7 or cha[ter 13 bankruptcy filing.
Bankruptcy law also protects debtors, such as the automatic stay, which prevents creditors from collecting on a debt during the bankruptcy process. Common law is a law that is derived from the decisions of courts, as opposed to salute or regulation.
Common law is the foundation of most legal systems, and it provides a framework for the interpretation of statutes and regulations. common law has been around for centuries and is based on a system of precedent, which means that courts look to prior decisions when deciding a current case.
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The person in charge of product movement is the ?
Answer:
Distributor I believe
Answer:
Sales Manager :)
Explanation:
Assume that Q-Tell Incorporated is in the communications industry, which has an average receivables turnover ratio of 16 times. If the Q-Tell'sreceivables turnover is less than that of the industry, Q-Tell'saverage receivables collection period is most likely: A.20 days. B.12 days. C.25 days.
Since Q-Tell's receivables collection period is longer than the industry average, the closest answer among the given options is: 25 days. The correct option is C
First, let's clarify the terms involved. The receivables turnover ratio is an accounting measure that shows how efficiently a company is collecting its accounts receivable, which are amounts owed by customers for goods or services provided.
The average receivables collection period is the number of days it takes for a company to collect its accounts receivable, and it can be calculated by dividing 365 by the receivables turnover ratio.
In this case, the communications industry has an average receivables turnover ratio of 16 times. Since Q-Tell's receivables turnover is less than the industry average, it means they are less efficient in collecting accounts receivable. Consequently, their average receivables collection period will be longer than the industry average.
To find the industry average receivables collection period, we'll use the formula:
Industry average receivables collection period = 365 / Receivables turnover ratio
= 365 / 16 ≈ 22.81 days
In conclusion, Q-Tell Incorporated's average receivables collection period is most likely 25 days, given its receivables turnover ratio is less than the industry average of 16 times.
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Complete question:
Assume that Q-Tell Incorporated is in the communications industry, which has an average receivables turnover ratio of 16 times. If the Q-Tell's receivables turnover is less than that of the industry, Q-Tell's average receivables collection period is most likely:
A. 20 days.
B. 12 days.
C. 25 days.
How is a credit union different from a bank?
O Acredit union offers services to companies instead of individuals.
A credit union only offers credit, it does not store money.
Acredit union is usually larger than a bank.
O A credit union is owned by its customers.
Answer:
a credit union is owned by its costumers (D)
Explanation:
i took the assignment!!
What is a C corporation?
Answer:(:
Explanation:
A C corporation, under United States federal income tax law, is any corporation that is taxed separately from its owners.