Consumer products are purchased by the ultimate consumer, whereas business products are purchased by organizations to assist them in providing other products for sale.
What are consumer products and business products?Any item created or supplied with the intention of being sold to a customer and used, consumed, or enjoyed by that consumer is referred to as a consumer product. Products that are often designed primarily for business, commerce, or industry usage are not included in the consumer products.
Examples: clothes, food, jewelry
The items are regarded as business products if they are purchased by a company for internal usage.
Examples: raw materials, equipment
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Which company was formerly known as the computing-tabulating-recording company? ibm.
The company formerly known as the computing-tabulating-recording company was IBM.
Who founded IBM?
CTR company was replaced by IBM in the year 1889 and was founded by Herman Hollerith at the end of the 1800s.
IBM was incorporated as a computing-tabulating-recording company in the year 1911.
It was a merger of three minor entities namely, a computing company, tabulating company, and a recording company that was engaged in the manufacturing of punch-card tabulators and various other products.
Therefore, IBM was formerly known as a computing-tabulating-recording company (CTR).
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A corporation purchased a piece of land for $50,000. The corporation paid attorney's fees of $5,000 and brokers' commissions of $3,000 in connection with the purchase. An old building on the land was torn down at a cost of $1,500, and proceeds from the scrap were $500. The corporation also assumes $6,000 of property taxes on the land owed by the previous owner. How much is the total cost of the land
To find the total cost of the land is $65,000.
What is a corporation?A corporation is a business or other type of organization that has been established by a group of people and has been given legal status as a single juridical person by virtue of a treaty, statute, or other act that has been passed by a state or supranational organization. It can be a private or public law legal entity that is recognized in law for specific purposes. 10 Early corporations were created with a charter (i.e. by an ad hoc act granted by a monarch or passed by a parliament or legislature). The majority of governments currently permit the registration of new corporations.What are attorney fees?Attorney's fee is a word used mostly in the United States to describe payment for legal services rendered by an attorney on behalf of a client, whether in or out of court. It could be a flat-rate, hourly, or contingent charge.Solution -To find the total cost of the last, add all the numbers as follows:
[tex]50000+5000+3000+1500+6000 = 65,500[/tex]
Subtract proceeds from the scalp = [tex]65,500 - 500 = 65,000[/tex]
Therefore, to find the total cost of the land is $65,000.
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in which situation is a country most likely to choose a fixed exchange rate for its currency
Determining which actions are right vs. Wrong represents which element of james rest’s ethical decision-making model?.
Moral judgment is typically intuitive rather than in-deathly reflective in the ethical decision-making model.
What is decision making?
Identifying decisions and gathering information to make choices is referred to as "decision making" in this context.
The moral judgements give insight on a person's organization, society, and personality. The principles of decision-making can be influenced by a person's ethical ideals and actions.
As a result, the ethical decision-making model is moral judgment.
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Ruthe lost her job last year, and she's fallen three months behind on the mortgage payments for her baltimore home. she seeks the services of chuck, a foreclosure consultant. chuck charges ruthe $1,000 up front, then disappears and fails to return ruthe's calls. phifa permits ruthe to ______.
Phifa permits Ruthe to take action where Chuck can be held accountable in a private lawsuit for up to $3,000 in damages and appropriate legal costs.
What is a lawsuit?A lawsuit is an action brought by one or more parties in a civil court of law against another party. In most cases, the procedures involved in a civil lawsuit are known as litigation.
For damages occurred as a result of a PHIFA-prohibited practice, a homeowner may file a civil lawsuit against a foreclosure consultant.
The court can impose fines up to three times the amount of real damages if it determines that the accused violated PHIFA intentionally. The homeowner may also demand fair legal fees.
Therefore, Ruthe can demand $3,000 as damages in the private lawsuit.
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In the semi-strong-form of market efficiency, fundamental analysis most likely requires the analyst to:
The fundamental analysis will most likely requires the analyst to extrapolate historical data to estimate future values and make investment decisions in the semi-strong-form of market efficiency.
What is the market efficiency?This refers to how the current prices reflect the present, available, relevant information about the actual value of the underlying assets.
Hence, in the semi-strong-form of market efficiency the fundamental analysis will most likely requires the analyst to extrapolate historical data to estimate future values and make investment decisions.
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Who is the president's chief adviser on intelligence matters across the executive branch?
The Director of National Intelligence is known as the President's chief adviser on intelligence matters across the executive branch.
What is the role of Director of National Intelligence?
The director's role is to serves as the head of the Intelligence Community, directing the implementation of the National Intelligence Program budget and serving as the principal advisor to the President.
Hence, the Director of National Intelligence is known as the President's chief adviser on intelligence matters across the executive branch.
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What is the tool by which financial markets allocate funds across alternative uses?
Interest rates is the tool by which financial markets allocate funds across alternative uses.
What are financial market instruments?Financial markets are formed by buying and selling of a lot of types of financial instruments such as equities, bonds, currencies, and others.
Note that Interest rates is the tool by which financial markets allocate funds across alternative uses.
See options below
A.
Automatic teller machines.
B.
Interest rates.
.C.
Commodity prices.
D.
Bank fees.
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Jessica always thought the grace-period feature of her credit card was a wonderful idea because her charges were interest-free during the grace period. After taking Dr. Art Keown's personal finance course, she learned this startling truth about grace periods. Question 16 options: Grace periods are actually beneficial to the credit card company. There are higher fees associated with grace periods. Most banks eliminate their grace period on new purchases if you don't pay your balance in full. All credit cards carry a grace period.
The truth that Jessica is going to have to learn about Grace period is the fact that Most banks eliminate their grace period on new purchases if you don't pay your balance in full.
What is a credit card grace period?The grace period in the card is that time that exists between the end of the billing cycle and when the payment is due to be made by the customer.
If the customer pays in full before the date they may not be asked to pay any form of interest.
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Consider a society that is producing inside its production possibilities curve. This society could best achieve efficiency in its production of output by
The society can achieve efficiency in its production of output by employing more labour.
What is the production possibility curve?The Production possibilities frontiers is a curve that shows the various combination of two goods a society can produce when all its resources are fully utilised. Production inside the production possibilities curve means that the nations resources are not being fully utilised.
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how does tax help to stabilise the prices of products
Answer:
An increase in income taxes reduces disposable personal income and thus reduces consumption (but by less than the change in disposable personal income).
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Subtracting the value of a firm's liabilities from the value of its assets leaves its:
Subtracting the value of a firm's liabilities from the value of its assets leaves its net worth. This is further explained below.
What is net worth?Generally, net worth is simply defined as a person's, a business's, or a family's whole financial assets less their entire debts.
In conclusion, The net worth of a company is calculated by deducting its debts from its assets.
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Management contracts usually stipulate that multiple choice the contract be annual with renewal options. a fee be paid to the firm providing the management expertise. 30 to 50 percent of sales belong to the licensee. 30 to 50 percent of revenues belong to the licensor.
Management contracts usually stipulate that fees be paid to the firm providing the management expertise. Thus the correct answer is A.
What are contracts?The contract refers to an agreement enforced by the law-bound two parties or individuals in a commitment within consent to start a deal.
A management contract refers to a contract that allows an organization to participate in the operations and decision-making of the business of another company.
Therefore, option A fee is paid to the firm providing expertise by mangement is the appropriate answer.
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Jenna's firm in Lexington issues a check to First In Line Title Company because it referred a buyer to Jenna and subsequently closed the transaction. The buyer approved the payment. This is an example of ______.
If the buyer approved the payment. This is an example of An Illegal Kickback.
What is Illegal Kickback?Illegal Kickback can be defined as the way in which a person or a company received a bribe or receive payment that is illegal.
The given scenario is an example of Illegal Kickback as Jenna's firm issues out a check to First In Line Company because the company referred a buyer to Jenna.
Therefore If the buyer approved the payment. This is an example of An Illegal Kickback.
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real estate competes for ______ in the capital market.
Real estate competes for fund in the capital market.
What is capital market?This is a market where long term securities such as shares and stocks are bought and sold.
In a capital market, people can trade in or sell long-term debt or equity-backed securities.
Common capital market securities are:
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Assume that an adjusting entry was made on november 30 for earned, but unpaid employee salaries of $260 which represented 2 days of salaries earned for november 29-30. on december 5, the employees are paid for five days. record the journal entry on december 5 assuming that reversing entries are used by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns.
The journal entry to be recorded for the transaction that took place on December 5 will affect a debit in Salaries and Wages Expense for $650; and a credit in the Cash balance equally.
What is a journal entry?A systematic method of recording the monetary and financial transactions in a chronological way of their occurrence, is known as a journal entry. Each journal entry has a debit and credit effect of equal amount.
The journal entry for the transaction has been added in the image for better reference.
Hence, the significance of journal entry is aforementioned.
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Suppose Bill Gates, founder of Microsoft, is interested in a small software company. He may offer to purchase the stock of this company at a price that is just high enough to tempt the current stockholders. This action would be called a
The action taken by Bill Gates in acquiring the shares of a small software company is called a tender offer.
What is a tender offer?A tender offer is a type of offer given by an investor in respect of purchasing the shares of a public entity at a value within a defined period.
When Bill Gates offered to take over the shares of a small software entity at a cost that can attract the share investors to sell them off in the market. This action of Bill Gates tends to initiate a tender offer for the shareowners of the software entity.
Therefore, the tender offer is the action being taken by the founder of Microsoft company.
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To make sure it has enough employees on hand during the busy holiday season, Target plans to hire thousands of temporary, seasonal help for the final three months of the calendar year. This is an example of a(n) _____ plan.
An example of operational plan is illustrated when the firm plans to hire thousands of temporary and seasonal help for the final three months of the calendar year.
What is an operational plan?These are plans that outlines the key activities an organisation will undertake during a period of time usually one year.
Most times, this plans are utilized to work towards achieving the aims and objectives set out in the strategic plan.
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when making deferral adjustments to record the amount used during the period for items such as prepaid insurance or supplies, the debit will a(n) ___________ account. (enter one word per blank.)
When making deferral adjustments to record the amount used during the period for items such as prepaid insurance or supplies, the debit will be an Expense account.
What are deferral adjustments?Deferral adjustments are accounting entries that shift some portions of a deferred account into the current period.
These deferral journal entries include:
Revenue entries (recognizing current or earned revenues)Expenses entries (recognizing current or incurred expenses against prepayments).Thus, when making deferral adjustments to record the amount used during the period for items such as prepaid insurance or supplies, the debit will be an Expense account.
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how will an increase in labor productivity affect equilibrium in the labor market?
We can actually infer here that an increase in labor productivity will affect equilibrium in the labor market in the following way: The demand for labor will increase and the equilibrium wage and quantity of labour will increase.
What is equilibrium?Equilibrium refers to the state whereby opposing things are balanced in order to achieve a desired outcome.
If the labor productivity is increased, it will definitely affect equilibrium in the labor market in such a way that the demand of labor will increase.
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Each of these events occurred as a result of falling real estate prices in 2006 and 2007 EXCEPT that: Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices the Federal Funds rate began to rise. the growth rate of the money supply fell. aggregate demand fell. new home construction dropped very quickly.
The exception to the result of falling real estate prices in 2006 and 2007 includes the Federal Funds rate began to rise.
What is the federal funds rate?This refers to the interest rate which the banks charges other while borrowing or lending their excess reserves.
Now, this Federal Funds rate is independently determined by the Federal reserve not by events in the broader economy such as the falling real estate prices.
Therefore, the Option A is correct.
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discretionary fiscal policy is a fiscal policy action, such as Group of answer choices an increase in payments to the unemployed, initiated by the state of the economy. a decrease in tax receipts, initiated by the state of the economy. an increase in the quantity of money. a tax cut, initiated by an act of Congress. an interest rate cut, initiated by an act of Congress.
Discretionary fiscal policy is a fiscal policy action, such as a tax cut, initiated by an act of Congress.
What is discretionary fiscal policy?Discretionary fiscal policy is a policy in which government uses taxation and spending to influence aggregate demand.
They are deliberate government policies to increase or decrease government spending or taxation inorder to control the economy optimally.
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Mrs. roberts has original medicare and would like to enroll in a private fee-for-service (pffs) plan. all types of pffs plans are available in her area. which options could mrs. roberts consider before selecting a pffs plan?
Mrs. Roberts consider before selecting a PFFS plan is a Medicare Advantage Prescription Drug (MA-PD) PFFS plan that combines medical benefits and Part D prescription drug coverage. Thus, option (a) is correct.
A Medicare Advantage Prescription Drug (MA-PD) PFFS plan that compounds benefits and Part D direction drug coverage, a PFFS plan that only supplies M benefits, or a PFFS plan in conjunction with a stand-alone direction drug.
A form of Medicare-approved health plan offered by a private firm that you can use instead of Original Medicare to cover the majority of your Part A and Part B services. It frequently includes medication coverage (Part D).
As a result, the significance of the could Mrs. Roberts consider before selecting a PFFs plan are the aforementioned. Thus, option (a) is correct.
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Your question is incomplete, but most probably the full question was.
Mrs. Roberts has original Medicare and would like to enrol in a private fee-for-service (PFFS) plan. all types of PFFS plans are available in her area. which options could Mrs. Roberts consider before selecting a PFFS plan?
a. A Medicare Advantage Prescription Drug (MA-PD) PFFS plan that combin benefits and Part D prescription drug coverage, a PFFS plan offering only m benefits, or a PFFS plan in combination with a stand-alone prescription drug.
b. A stand-alone prescription drug plan in combination with a PFFS plan or a Medigap Supplemental Insurance plan.
c. A PFFS plan offering only medical benefits or a PFFS Medigap Suppleme Insurance plan.
d. A Medicare Advantage Prescription Drug (MA-PD) PFFS plan that combin benefits and Part D prescription drug coverage, a PFFS plan offering only m benefits, or PFFS Medigap Supplemental Insurance plan.
Suppose that the United States has an absolute advantage over Mexico in producing both agricultural and manufactured goods. In the U. S., the opportunity cost of 1 unit of agricultural output is 2 units of manufactured goods. In Mexico, the opportunity cost of 1 unit of agricultural output is 1.5 units of manufactured goods. Total production in the U. S. and Mexico will be maximized if
Given the above scenario, the total production in the U.S. and Mexico will be maximized if Mexico focuses on Agricultural produce and the US on Manufactured produce.
What is product maximization?Product maximization refers to the process via which two trading nationalities or entities focus on the goods where they have the least opportunity cost.
Thus, n this case, the total production in the U.S. and Mexico will be maximized if Mexico focuses on Agricultural produce and the US on Manufactured produce.
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1. Use a real-life example to describe the following allocation methods. Hint: Use family, friends, teams, church, and/or clubs for examples.
Brute Force
Market
Queuing
Random Selection
Tradition
Equal Shares
Need
Planned
A real-life example of the concepts are:
Brute force: The use of different numbers, trying to win the lottery.
Market: The buying and selling of ice cream at backyard sales.
Queuing: Standing in line to pay for goods at a mall
What is Queuing?This refers to the standing in line by a group of people in order to access a particular service.
Hence, we can see that the other answers are:
Random selection: Picking one person out of four persons, through the throw of a die.
Tradition: Going to camp every year between father and son.
Equal Shares: The allocation of the same amount of food in a family
Need: The purchase of food in order to continue living.
Planned: A vacation to a foreign place that has been in the making for a long time.
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Both karen and bob are out of work. karen applies to a few jobs each week, but does not particularly care to be employed. bob was avidly searching for a job, but a little over a month ago he gave up searching. who would be counted as unemployed by the current population survey (cps)
According to the current population survey, Bob situation will be counted in the unemployment survey.
What is Unemployment?
Unemployment refers to the situation in which the person is willing to work but he or she is unable to find the appropriate job.
In the given scenario, Karen is unwilling to work as he does care about getting a job. However, Bob is willing to work and all very stressed about not getting the job.
All members of a household who are of working age are asked about their demographics and job status as part of the Current Population Survey (CPS).
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As inventory and property plant and equipment on the balance sheet are consumed, they are reflected: Select one: A. As a revenue on the income statement B. As an expense on the income statement C. As a use of cash on the statement of cash flows D. On the balance sheet because assets are never consumed E. Both B and C because the financial statements articulate
Inventory and property, plant, and equipment are shown as an expense on the income statement and on the balance sheet, respectively.
What is a balance sheet?
A balance sheet is a financial statement that lists an organization's assets, liabilities, and shareholder equity. One of the three important financial statements a company's evaluation will focus on is the balance sheet.
The income statement and balance sheet both directly and indirectly refer to the expenses. You can better understand how an expense is reflected overall by often reading a company's income statement and balance sheet.
As a result, option (b) is correct.
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During what marketing era were manufacturers concerned with product innovation and not with satisfying the needs of individual consumers?.
During the Production Oriented Era, manufacturers were concerned with the innovation of products and not with satisfying the needs of individual consumers.
What do you know about Production Oriented Era?A commercial enterprise-dominated market sustained from the beginning of Capitalism to the mid-1950s, which is referred to as the production-oriented era.
The winning mindset was that a very good excellent product might truly promote itself. This technique labored for plenty of companies for the duration of this Era due to strong demand and restricted delivery of products.
Thus, During the Production Oriented Era, manufacturers were concerned with the innovation of products and not with satisfying the needs of individual consumers.
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Preparation of Adjusting Entries Bartow Photographic Services takes wedding and graduation photographs. At December 31, the end of Bartow's accounting period, the following information is available: All wedding photographs are paid for in advance, and all cash collected for them is credited to Unearned Service Revenue. Except for a year end adjusting entry, no other entries are made for service revenue from wedding photographs. During the year, Bartow received $42,600 for wedding photographs. At year end, $37,480 of services had been performed. The beginning-of-the-year balance of Unearned Service Revenue was zero. During December, Bartow photographed 228 members of the next year's graduating class of Shaw High School. The school has asked Bartow to print one copy of a photograph of each student for the school files. Bartow delivers these photographs on December 28 and will bill the school $5.00 per student in January of next year. Revenue from photographs ordered by students will be recorded as the orders are received during the early months of next year. Equipment used for developing and printing was rented for $22,500. The rental term was for 1 year beginning on August 1 and the entire year of rent was paid on August 1. The payment was debited to Prepaid Rent. Depreciation on the firm's building for the current year is $9,390. Wages of $4,170 are owed but unpaid and unrecorded at December 31. Supplies at the beginning of the year were $2,400. During the year, supplies costing $19,600 were purchased from Kodak. When the purchases were made, their cost was debited to Supplies. At year end, a physical inventory indicated that supplies costing $4,100 were on hand.
Conceptual Connection: By how much would net income be overstated or understated if the accountant failed to make the adjusting entries?
Answer:
The enetres below suggests that the reader aka you doesnt know how to do work
Explanation:
study
A process failure that results in the process's inability to meet advertised performance standards violates which of the five definitions of quality?
A process failure that results in the process's inability to meet advertised performance standards violates conformance to specifications of the five definitions of quality.
What are the definitions of quality?The definitions of quality can be explained as the standard of something when it is been measured against other things.
five definitions of quality are:
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