The correct phrase for the blank space is: right to a residual claim on assets.
The right to a residual claim on assets represents the grant stakeholders possess while investing in a company. Residual equity itself is calculated by subtracting liabilities of a company from its assets. Though, in front of bankruptcy, the liabilities tend to be greater than the assets which imply stakeholders are unlikely to distribute any asset left of the company.
Why do most firms in monopolistic competition typically make zero profit in the long run? A. because the total market is not large enough to accommodate so many firms
B. because the lack of entry barriers would compete away profits
C. because firms do not produce at their minimum efficient scale
D. because firms produce differentiated products
The correct answer is B. because the lack of entry barriers would compete away profits.
Monopolistic competition or competition between monopolies is a type of competition in which there is a significant number of producers acting in the market without any dominant control by any of these in particular. This is very frequent within the markets of products that are normally found in supermarkets, where there are products of different brands, but with particular characteristics and within each product group, the characteristics make them different from each other, but similar enough to compete with other producers and each other.
Banes Co. incurs $350,000 of overhead costs each year in its three main departments, machining ($200,000), inspections ($100,000) and packing ($50,000). The machining department works 4,000 hours per year, there are 500 inspections per year, and the packing department packs 500 orders per year. Information about Banes's two products is as follows: Product X Product Y Machining hours 1,000 3,000
Inspections 100 500
Orders packed 350 650
Direct labor hours 1,700 1,800
If traditional costing based on direct labor hours is used, how much overhead is assigned to Product X this year?
Option (c) is correct.
Total estimated overhead costs = $350,000
machining = $200,000
Inspections = $100,000
Packing = $50,000
Product X direct labor hours = 1,700
Product Y direct labor hours = 1,800
Traditional costing based on direct labor hours is used,
Predetermined overhead rate:
= Total estimated overhead costs ÷ Estimated amount of the allocation base
= $350,000 ÷ (1,700 + 1,800)
= $350,000 ÷ 3500
= $100/Direct labor hour
Overhead assigned to Product-X:
= Predetermined overhead rate × No. of Direct labor hour of Product-X
= $100 × 1,700
Therefore, the overhead is assigned to Product X this year is $170,000.
During Year 1, Pang Enterprises experienced the following events. (1) Earned $4,000 of revenue on account.
(2) Collected $3,500 cash from accounts receivable.
The remainder of the receivable was collected in Year 2. Based on this information, the amount of accounts receivable, net income, and cash flow from operating activities appearing on the Year 2 financial statements is
A/Accounts Receivable Net Income Cash flow from Operating Activities
$500 $4,000 $500
B.Accounts Receivable Net Income Cash flow from Operating Activities
Zero zero $500
C.Accounts Receivable Net Income Cash flow from Operating Activities
Zero $500 $500
D.Accounts Receivable Net Income Cash flow from Operating Activities
$500 $500 $500
Option "B" is the correct answer to the following statement.
Therefore, Option "B" is the correct answer.
Stars are _____, according to the BCG matrix. Stars have included Apple and the diamond company DeBeers.
According to the BCG matrix, a matrix with a marketing planning tool which helps managers to plan for a balances product portfolio, Stars is defines as organizations with high growth and high market share which are definite keepers that included Apple and the diamond company DeBeers. The matrix assesses existing and new products in terms of their market potential by looking at the market growth and market share.
As many organizations have cut costs and streamlined their organizational design to respond better to customer needs, they have pushed decision-making authority to ________.
the lowest levels in the organization.
Organizations have flattened, that means that they have reduced the number of levels and instead of operating like a tall pyramid, they are operating like very flat pyramids with a lot more subordinates per supervisor and/or manager. As a result of this, employees at the operating levels are now able to make certain decisions regarding customers' needs that before needed to be approved by a manager or supervisor.
For example, under certain conditions, retail clerks can offer discounts to customers without asking permission from their supervisor.
Which of the following terms is a general description for a group of crimes? 1.robbery
The term "theft" is a general description of a group of crimes that involve taking or attempting to take someone else's property without their permission. The correct option is 4.What is a description of a crime?
A crime is any intentional act that violates the law, results in bodily harm or psychological distress, property loss or damage, or both. Each person will at some point in their life experience one of the many various forms of crimes that exist. People of all ages, places, and origins are affected by crime.
Robbery is a type of theft that involves using force or the threat of force to take someone's property, while larceny is a type of theft that involves taking someone's property without using force. Burglary is also a type of theft that involves entering someone's property with the intent to steal. Therefore, all of these crimes are specific types of theft.
Thus, the ideal selection is option 4.
Learn more about Theft here:
Which of the following terms is a general description for a group of crimes?
Why does the use of several depressants at once often prove to be a lethal combination?
The nervous system uses Gamma-Amino Butyric acid (GABA) as a neurotransmitter in the central nervous system. The use of several depressants increases the transmission of GABA that may cause the nervous system to slow down. The reaction of the body to several depressants is also unpredictable which makes it more dangerous.
Caffeine Café, Inc., files its articles of incorporation with the appropriate government agency. Least likely to appear in the articles is:
A. the name of each of the corporation's incorporators.
B. each of the corporation's shareholders.
C. the corporation.
D. the corporation's initial registered agent.
B. each of the corporation's shareholders.
The article of incorporation also called corporate charter, articles of constitution, Articles of association is a document required by the government to be completed by anybody or group of people who want to form a corporation. Article of incorporation contains the name of the corporation, address, the amount of stock, object of the business, names of the incorporators, name of registered agent, number of authorized share capital, share par value, name of directors e.t.c.
Given your understanding of cash flow, financial statements, ratio analysis and time value of money, provide an example of why the integration of these concepts would be important. Do not quote the text, but think through these tools and provide an example for the others in the class as to the importance and value of these ideas when they are effectively integrated.
The best example I can think of that would integrate all of these concepts is when a business is looking to finance some sort of project and they are seeking financing either through the issuance of bonds or a loan from a bank. Some of the concepts would be important to both parties, while others would be more important to one than the other.
This would be important to both parties. The business, to make sure they have enough cash flow to pay for the financing. And the financiers, for the same reason.
This would be important to both parties for the same reason as above. Especially the "current ratio" (current assets / current liabilities) and the "working capital" ratio (current assets - current liabilities).
This would be of most importance to the financiers. They would want to see the total picture of a company's financial strength.
Time Value of Money
This would be of most importance to the company itself. They would want to know if the project was worth the total amount they would be paying on the bonds or the loan