Consider an internet or e-commerce company that sells exclusively in the US but wants to expand globally. What kind of strategy would you recommend for their initial expansion? What are some of the factors they should consider in pursuing this expansion?
In: Computer Science
27
If a firm adjusted their prices to be high enough to cover their Average Total Costs and if they were not concerned with MC=MR, then we could probably assume they are a nonprofit entity.
True or False
28
Who will really end up paying for higher taxes on corporate profits if we assume the product that they sell is very inelastic?
Multiple Choice
The stockholders of the firm will pay this tax when they file their individual tax returns.
The retail consumer will pay these taxes through higher prices.
The state government pays these taxes to the federal government
29
If we took an elastic demand curve and raised the price, then this would be the best pricing strategy to maximize total revenue.
True or False
30
The formula that describes human behavior is which of the following:
Multiple Choice
MB = MC
E > 1
E = 1
MC = MR
In: Economics
18. John is an individual and is a real estate professional and materially participates in Partnership A and B. John is a limited partner in two real estate partnerships. Partnership A produces a passive loss of $3,000 (allocated to John). Partnership B produces passive income of $5,000 (allocated to John). How does John treat the income/(loss) on his tax return?
A. Include $2,000 net passive income in taxable income.
B. Recognize income of $5,000 and don’t deduct losses of $3,000.
C. Recognize no income or loss.
D. Deduct $3,000 loss but don’t recognize $5,000 income.
E. None of the above.
29. Which of the following entities are never subject to federal tax on its income:
A. A tax exempt investor.
B. A state government sponsored pension plan that is an integral part of the state.
C. An individual who is a real estate professional.
D. Only A & B. E. All of the above are subject to some level of federal taxes.
In: Accounting
What is the basis for trade (absolute or comparative advantage)? How can an individual or a country gain from specialization and trade (please use an example).
In: Economics
Briefly define exponential and hyperbolic discount functions, differentiate them from each other and describe how they would be applied for an individual investor.
In: Finance
Briefly define under diversification and excessive trading, differentiate them from each other and describe how they would be applied for an individual investor.
In: Finance
|
Zimmerman Company’s annual accounting year ends on December 31. It is December 31, 2014, and all of the 2014 entries except the following adjusting entries have been made: |
| a. |
On September 1, 2014, Zimmerman collected six months’ rent of $8,520 on storage space. At that date, Zimmerman debited Cash and credited Unearned Rent Revenue for $8,520. |
| b. |
On October 1, 2014, the company borrowed $22,800 from a local bank and signed a 11 percent note for that amount. The principal and interest are payable on the maturity date, September 30, 2015. |
| c. |
Depreciation of $2,200 must be recognized on a service truck purchased on July 1, 2014, at a cost of $22,000. |
| d. |
Cash of $5,700 was collected on November 1, 2014, for services to be rendered evenly over the next year beginning on November 1. Unearned Service Revenue was credited when the cash was received. |
| e. |
On November 1, 2014, Zimmerman paid a one-year premium for property insurance, $8,520, for coverage starting on that date. Cash was credited and Prepaid Insurance was debited for this amount. |
| f. |
The company earned service revenue of $4,400 on a special job that was completed December 29, 2014. Collection will be made during January 2015. No entry has been recorded. |
| g. |
At December 31, 2014, wages earned by employees totaled $14,900. The employees will be paid on the next payroll date, January 15, 2015. |
| h. |
On December 31, 2014, the company estimated it owed $470 for 2014 property taxes on land. The tax will be paid when the bill is received in January 2015. |
|
Prepare the adjusting entry required for each transaction at December 31, 2014. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) |
In: Accounting
State if the given statements are true or false by writing your answers (T for ``true’’ and F for ``false’’) in the last column of the following table.
|
(1) |
Some Internet-based companies store lot of information about Internet users, raising privacy concerns. |
|
|
(2) |
There is a concern that online disseminators of content are not fairly compensating the creators of the content, like an author, a stunt performer, an athlete, an educator, and an artist. |
|
|
(3) |
The world’s top five most-valued companies are all car-manufacturing companies. |
|
|
(4) |
There is no company in the area of computing whose market value has been above one trillion US dollars for many years. |
|
|
(5) |
There is a manufacturing company whose market value exceeds one trillion US dollars. |
In: Computer Science
uppose that The Elasticity of Imports in the USA in the short Run is 0.5 The Elasticity of Imports in Japan in the short Run is -0.3 The Elasticity of Imports in the USA in the long Run is 1.2 According to the Elasticities approach to the Current Account Balance, if the Exchange Rate goes from Yen=$1/100 to Yen=$1/50 ...
The Current Account Balance in the US will deteriorate in the short run and in the long run
The Current Account Balance in the US will deteriorate in the short run, and improve in the long run
The Current Account Balance in the US will improve in the short run and in the long run
The Current Account Balance in the US will deteriorate in the short run, and improve in the long run as long as the elasticity of imports in Japan is strictly more than -0.2
In: Economics
Lita Lopez started Biz Consulting, a new business, and completed
the following transactions during its first year of
operations.
Required:
2. Enter the amount of each transaction on individual items of the accounting equation. (Reductions in account balances should be indicated with a minus sign.)
Assets
cash + Accounts receivable + office supplies + office equipment + officeSuit = accounts payable + L. Lopez Capital - L. Lopez, withdrawals + revenues - expenses
a.
b.
bal.
c.
bal.
d.
bal.
e.
bal.
f.
bal.
g.
bal.
h.
bal.
i
bal.
j.
bal.
k.
bal.
3. Determine the company's net income.
In: Accounting